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three problems with this money management system are:
1)you do not have an
inexhaustible bankroll,
2) the casino owns the bank and sets the rules‹like
the table limit, and
3) your hourly wage if you win could be something like
$0.01.
Let me show you, Keith, how fatal this form of wagering can be.
You bet $10 and lose, then $20 to recoup that loss. Then $40, $80, $160, $320,
$640, $1,280, $2,560 and finally $5,120. You have just invested $10,230 to get
your $10 back. And let us not forget, Keith, "the Donald" (Trump) might
have his $10 games set with table limits of $500. A string of six defeats and
you¹re up against the table limit maxxed out, as they say. On the bright
side, they¹ll probably say; "Thanks, Keith, and have a beer on us."
Ever
met a gambler who has not lost six, eight or even 10 hands in a row? I haven¹t.
That 10 bucks could buy a first class bandanna for wiping sweat from forehead.
Horsemen sometimes use a Martingale bit to control a fractious horse; each
twitch of the reins doubles the discomfort in the horse¹s mouth. There may
be a connection don¹t know, seems likely.
The far superior "Winning
Progressive" betting method goes like this:
You set a predetermined percentage
increase to follow any winning bet, and pull in your horns after losses. Example?
OK. On the advice of my brilliant better half, I increase the bet that follows
any winning bet except the first by 50%: First $10 bet wins, next bet also for
$10 wins, and now we¹re off on the 50% gallop: $15, $22, $33, $50, $75 etc,
then drop to the table minimum‹"flat betting" after every loss.
Side
note here: Many players increase their bets after a win by 50% after the first
win. I just happen to be a little more conservative with my hard-earned
money‹actually,
only when my wife is standing next to me‹ and wait out the second win before
plunging.
Either way, Keith, a winning progressive method of betting, will
minimize your losses and usually protect your winnings. Gambling
quote of the week: "When you enter a casino, remember that you are entering
a place of business run by very shrewd business people who understand human emotions."
Henry Tamburin
 Good
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