Gamblor's quest to make $500 each week - using loss chasing

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Harry_The_Horse said:
So hows this going? The OP chasing losses? I bombed out after the second attempt at on on saturday night and went conservative on sunday in which i won my last multi. Still have $200 to make up from the weekend debacle. In hindsight i should have just left saturday night alone and slept on it but i just can't help myself when it comes to the punt. I said to myself that i was not sleeping untill i had a win.
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I would gather you're pretty tired then
 
I wonder how the OP is going?

No comment?

One thing probably the more astute punters would be better placed to comment on is how big your bank is?

I would say this would dictate the success or failure of your venture.

It would be a lot easier to make $500 if you had say $100k to start with, low risk selections? Then again you have a week like last week and what do you do?
 
GROTTO said:
I wonder how the OP is going?

No comment?

One thing probably the more astute punters would be better placed to comment on is how big your bank is?

I would say this would dictate the success or failure of your venture.

It would be a lot easier to make $500 if you had say $100k to start with, low risk selections? Then again you have a week like last week and what do you do?
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What comment is there to make? I outlined all the problems with loss chasing in the OP, and then proceeded to do it anyway, and proved myself correct.

Bank size will only keep you alive longer until the inevitable run that wipes out the lot comes along. No loss chasing scheme will turn a losing method into a winning one.

I'm not saying my method is a losing one, I'm just saying it's a flawed betting strategy.
 
Duritz said:
What comment is there to make? I outlined all the problems with loss chasing in the OP, and then proceeded to do it anyway, and proved myself correct.

Bank size will only keep you alive longer until the inevitable run that wipes out the lot comes along. No loss chasing scheme will turn a losing method into a winning one.

I'm not saying my method is a losing one, I'm just saying it's a flawed betting strategy.
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Sorry it wasnt meant to sound like I was taking a cheap shot at you.

Far from it, to be successful with your goals is all punters' dream.

Betting size I guess is dictated by your bank size. Its being able to sustain the continued hits of losing which is hard and to resist the temptation to go big on the wrong bet or for any bet for that matter.
 
Kynge of Begrem said:
I actually think it is a legitimate strategy but you need a massive bank and to be chasing small wins. For example a daily target of 0.5% of your starting bankroll.
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If your only betting AFL, daily wins is not an option. IMO, AFL is far easier than most other sports. Soccer is a nightmare where often the best team can draw and not win!
 
Duritz said:
What comment is there to make? I outlined all the problems with loss chasing in the OP, and then proceeded to do it anyway, and proved myself correct.

Bank size will only keep you alive longer until the inevitable run that wipes out the lot comes along. No loss chasing scheme will turn a losing method into a winning one.

I'm not saying my method is a losing one, I'm just saying it's a flawed betting strategy.
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You have changed your tune.



What happened to reaping the spoils?





REAPING THE SPOILS!




Gd6L7DH.gif
 

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been looking into this myself, i read about it and decided i couldnt lose.

i hastily pop $40 into a reputable online casino intending to exploit the roulette wheel's 2/1 red/black thing (im not much of a casino guy).

i experienced initial success, with a 20% return on my bankroll in just a few minutes, i begin to fantasise about my new career as a professional computer gambler...

aaand... it's gone.

how? all my money gone 2 seconds later? bah.

i then slink back to google in shame and perform the simple research that i shouldve performed before i lost my fortune.

in terms of probability, flipping a coin a billion times is incredibly unlikely to give you a "streak" of more than 20 of either heads or tails in a row, and near on impossible to get 25 - 30.

so i decided that i would need to bankroll myself for about 20 losses.

i begin to crunch the numbers and am shocked to discover that chasing one $1 bet and doubling up every time you lose will end up costing you over $2, 000, 000 (yes, that's two million dollars) by the 21st consecutive losing bet. If you won the 21st bet of 1 million dollars, your total profit on the chase would still only be $1.



so, to chase $1, allowing for under a 20 long losing streak, your bankroll needs to be over a million dollars.

more realistically, chasing $1 and allowing for a losing streak of 15 (still highly unlikely in true 50/50 gambling), you would need a bankroll of over $64,000.


there's a whole heap of similar systems on the net designed to require less bank, but are far more complicated, anyone with any knowledge please pass it on. I'll get rich quick yet...
 
Kynge of Begrem said:
Don't rely on bets that are coin flips. There is a bloke on here (@brett128) who claims to have developed a couple if amazing models for sports betting, apparently he is going to release them publicly soon.

He's a top punter with more edge than U2.
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what you mean "release" them?

he's going to try and sell another online sports betting system?
 
Kerleys Ghost said:
been looking into this myself, i read about it and decided i couldnt lose.

i hastily pop $40 into a reputable online casino intending to exploit the roulette wheel's 2/1 red/black thing (im not much of a casino guy).

i experienced initial success, with a 20% return on my bankroll in just a few minutes, i begin to fantasise about my new career as a professional computer gambler...

aaand... it's gone.

how? all my money gone 2 seconds later? bah.

i then slink back to google in shame and perform the simple research that i shouldve performed before i lost my fortune.

in terms of probability, flipping a coin a billion times is incredibly unlikely to give you a "streak" of more than 20 of either heads or tails in a row, and near on impossible to get 25 - 30.

so i decided that i would need to bankroll myself for about 20 losses.

i begin to crunch the numbers and am shocked to discover that chasing one $1 bet and doubling up every time you lose will end up costing you over $2, 000, 000 (yes, that's two million dollars) by the 21st consecutive losing bet. If you won the 21st bet of 1 million dollars, your total profit on the chase would still only be $1.



so, to chase $1, allowing for under a 20 long losing streak, your bankroll needs to be over a million dollars.

more realistically, chasing $1 and allowing for a losing streak of 15 (still highly unlikely in true 50/50 gambling), you would need a bankroll of over $64,000.


there's a whole heap of similar systems on the net designed to require less bank, but are far more complicated, anyone with any knowledge please pass it on. I'll get rich quick yet...
Click to expand...

I like betting on the 3rds (same 1/3) and going like this

5,5,5,10,15,25,40,65 and so on
 

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Gamblor's quest to make $500 each week - using loss chasing

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