The best progression is positive progression?

[JHM]

I see so much systems based on progressions. My opinion is that negative progressions (raise bets after a loss) never work. They will kill you sooner or later when on a (few) losing streak. If you wanna play a progression than play a positive progression (e.g. bet 10 on a ec. win, add winnings, bet 20, win, bet 40). It's always better to play progressions with the houses money.

[kav]

The best kind of progression, is a progression with 2 variables. One long term variable and a short term variable. The short term is a possitive progression and the long term is a negative progression.

In other words, the value of the base unit is determined by the negative progression, and with this base unit you use a possitive progression.

[Mr J]

"raise bets after a loss" >>> Dont get that confused with.....Its a negative progression but not a raise after EVERY loss.  Ken

[bombus]

I can walk up and put $1000 on red, or I can bust the $1000 up into a string of ever increasing value bets on a few numbers.

There is no difference, both ways lose $1000.

I happen to prefer the second scenario.

But a positive progression using the casino's money is desirable.

[Noble Savage]

My favorite "progression" is the Kelly Criterion.

I like half-Kelly bets.

[Mr J]

"using the casino's money" >>> That means what?  Ken

[GLC]

I see so much systems based on progressions. My opinion is that negative progressions (raise bets after a loss) never work. They will kill you sooner or later when on a (few) losing streak. If you wanna play a progression than play a positive progression (e.g. bet 10 on a ec. win, add winnings, bet 20, win, bet 40). It's always better to play progressions with the houses money.

If your bet selection is good enough to win with a positive progression, it'll win with a negative progression also.  Neither one works without a better than normal bet selection.

[Bayes]

I can walk up and put $1000 on red

Mathematically, it's the best way to go.  Remember Ashley Revell?

Man Gambles Life Savings on One Spin

But why did he go to LV instead of staying in the UK and getting far better odds? Then again, I suppose that's a minor detail, all things considered. 

[Mr J]

@Bombus >> I was only asking for one reason, definitions. A few months back, I had another one of my 'disruptive' threads regarding...."what does it mean to use the casinos money"? It was a fun topic. Lets say you walk into the casino with $500. An hour later you are UP $300 ($800). Are you NOW playing with the casinos money? Always interesting.  Ken

[Nathan Detroit]

If you are up  by   $ 300.00 or $1  it is     YOUR MONEY. Common sense  should tell this  to anyone.

If I win a jackpot  of $ 4, 000.00   (Royal Flush VP 9/6_) on a $ 5  max  bet. It`s  my money  and I am  responsible  for the  taxes  .

However if I am stupid enough of losimg this money  back I am stll liable  for the tax.   Stu Pidd will never  get it.

Nathan Detroit

[Mr J]

I understand your point Nate. So, there is NO real thing as playing with the 'casinos money'?  Ken

[Nathan Detroit]

NO REAL THING  playing with the casino`s money.  NO such reality exists or to be found anywhere..     .

HOWEVER : IF one  must go on then DIVIDE the Win in the example  of $ 300 into a GUARANTEED WIN ( 50%) never to see daylight again and  continue   to play with the EXCESS ( 50 %) until the FIRST LOSS.

Nathan Detroit.
HAPPY WINNINGS!!!

[Lustring]

He said : Casino money is when referring negative progression using the money is " yours".   In you'd narrow sense, the term " casino's money" in my oponion is valid.   

[nullified]

In my opinion, it's the casino's money until you cash out... then it's your money.  But let me qualify what I mean.

I walk into a casino with $10 and start playing on Reds with a positive progression.  Lady Luck is with me and I happen upon a streak of 7 Reds right away.  I've turned my measly $10 into $100.

I play this way for another hour, and now I find myself up to $300.

After  20 more minutes I get bored and decide to put $290 on my favorite number.  I figure I came in with $10, and now I am up by 30 times that amount.

But it's still not my money until I cash in... This is why Casino's encourage people to keep playing - so they have a chance to win back "their" money.

So I put $290 on number 7.  At this point, I am risking nothing.  I came with $10, and I'll leave with that same $10.

So number 7 comes up, and my $290 bet returns me $10, 440.

Whoever is risking the most money by playing is the one to whom it belongs.  If I risk $10, and the Casino risks $10,000, then I am most certainly playing with their money - if I choose to keep playing. 

If I decide instead to cash in, and then come back the next day with that same $10,000, now you can be sure I'm playing with my money if I bet it all on number 7 again.

[nullified]

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