The most popular system used in gambling (also in horse racing) is the Progression. It is a fallacious type of play which does not win. It consists of the principle of doubling on losses until initial stake is regained. Then the initial stake is played again. For example, in a game of chance in which the probability is evens or almost evens, such as red and black in roulette or high and low, the player stakes a small sum, say 25 cents. If he wins, he plays again the initial stake, 25 cents; if he loses, he doubles the stake, playing 50 cents. If he wins this time, he begins over again with 25 cents; but, if he loses, he doubles, and keeps doubling until a win occurs.

This impossible system always results in ruin to the player. In eight tosses of a coin, for example, a certain profit may be anticipated by doubling. But, the probability of winning that sum is equivalent to the probability that the profit will be lost because of the occurrence of runs.

Progression systems are also used in horse racing with the same disastrous results. The same horse will be wagered on over a long period of time, doubling the bet until the horse wins. In some cases the horse fails to win for so long a time that the backer is unable to wager the large sum necessary to support previous losses. In cases where the horse is a frequent winner the odds offered on the horse are "odds on," that is, less than even money, and the wager must be trebled or quadrupled to recoup a loss. Under such circumstances the supporting bet may increase to an enormous sum.

When employing a progression system based on the predictions of public handicappers, the bettor assumes that since leading handicappers pick winners about once in four times, the doubling system should not fail. But, here, too, the player does not consider the fact that even our best public handicappers have had as many as 25 consecutive bad guesses. And in turf betting, the average player is unable to withstand more than six or seven consecutive losses if he doubles or trebles his losses. Post favourites win about 1 in 3 times.

Betting on a favourite will positively result in ruin. In one racing season at a popular track the post favourite lost for 16 consecutive times. Only a huge fortune could finance a bet on 16 consecutive losses, doubling each bet. In the case of favourites, doubling would be. insufficient since they are mostly quoted at less than even money.

To make money in gambling, whether it be horse racing, greyhounds, or any form sports betting a system must make a Level Stake Profit. Only then can some form of progressive staking be used. And this would be done to increase profits, not chase losses.

At Banned Systems we have systems for all types of betting that make level stakes profits. All our systems have been tried and tested and all have a long track record of success. We also have staking plans that can be used to significantly increase the level stakes profits these systems make.

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Banned Systems