A Tutorial in Progressive Wagering

Reply #42

Coin Toss — Thu, 16 Nov 2006 23:40:34 GMT

Well, you can study things right here on this board and improve your chances, but advantage?

If you mean it's to your advantage, sure.....but any lottery that ever offered a game where the player had the advantage would never last long.

Reply #41

Tenaj — Thu, 16 Nov 2006 04:48:25 GMT

Reply #40

Raven62 — Thu, 16 Nov 2006 04:32:15 GMT

You would have an advantage in the Lottery if you developed your skill in interpreting previous drawing results and used them to predict future drawing results.

Reply #39

cps10 — Thu, 16 Nov 2006 03:54:01 GMT

I will have to read more about this and see how I can incorporate this into the progressive wagering.

Reply #38

Coin Toss — Thu, 16 Nov 2006 03:29:48 GMT

Raven62

Advantage? In Lottery?

Please do expound on that one

Reply #37

Raven62 — Thu, 16 Nov 2006 03:15:17 GMT

Proportional Betting: Betting a proportion of your bankroll depending on

your advantage.

Definition of Optimal Proportional Betting: Maximization of the

logarithm of wealth (sometimes called the Kelly criterion).

How you might apply proportional concepts to your betting is something

new to think about. But isn't thinking what it's all about?

The bard, Sumner A Ingmark, thought so when he said:

Folks with preferences exotic,

Esoteric or Quixotic,

Look for more than rules robotic.... [ More ]

Reply #36

cps10 — Wed, 15 Nov 2006 19:01:51 GMT

Proportional? I don't think I've ever heard about that...what is that, Raven

Reply #35

Raven62 — Wed, 15 Nov 2006 18:42:15 GMT

No problem! Do you have any thoughts on Proportional Betting in regard to Playing the Lottery

Reply #34

cps10 — Wed, 15 Nov 2006 16:19:52 GMT

Sorry it's taken so long folks...will get into Singles Doubles sometime soon. Probably not today...maybe tomorrow.

Reply #33

cps10 — Wed, 15 Nov 2006 16:18:39 GMT

CT

March on...I'll see ya at the pour house

Reply #32

Coin Toss — Wed, 15 Nov 2006 05:18:04 GMT

Press - means press up the place bets

Parlay means parlay the hardways, put the winnings right back in action, A thousand dollar dollar - a hard 8 (or 6) parlayed twice off of $1 = $1,000 and down

More beer - that's the only way most people can get up the courage (alcohol balls) tp play like that!

So, Press, Parlay, More Beer

Reply #31

allcash! — Tue, 14 Nov 2006 16:26:43 GMT

thanks thats funny

Reply #30

cps10 — Tue, 14 Nov 2006 16:18:34 GMT

Sit at the craps table, lose your money, yet continue to order more beer

Reply #29

cps10 — Tue, 14 Nov 2006 16:18:11 GMT

That's a great question, CA LotteryGuy.

The specialty bets are treated the same. If you have 2 units down on a regular bet, and you get 8's, split them with 2 units on each hand. If you lose them both, keep track of how far down you are, and just take it from there.

Say for instance, you won a 1-unit hand and now are down 3 units. You have increased your bet to 2 units per Oscar. You get dealt 8's. you split and have 2 units on 1 hand and 2 units on the other. You lose both. You are now d... [ More ]

Reply #28

allcash! — Tue, 14 Nov 2006 16:13:33 GMT

what is the more beer system? just wondering

Reply #27

CA LotteryGuy — Tue, 14 Nov 2006 16:13:07 GMT

cps10...thanks for the detailed review of the Oscar's Grind system.

Quick question: how does this system approach the specialty bets; splitting three and/or eights, doubling down on 11 when the dealer is showing 6, etc.

Reply #26

cps10 — Tue, 14 Nov 2006 16:10:13 GMT

Right...the grind systems are very good though if you set yourself with a low loss-limit.

Of course 24 bets in a row would be a good win for the day :)

I like the more beer system...I play that most often at the riverboats in Cincinnati

Reply #25

Coin Toss — Tue, 14 Nov 2006 15:48:49 GMT

That Oscar's Grind is a variation of a very old grind system called the 31 system...

The bets are

1, 1, 1, 2, 2, 4, 4, 8, 8

(totals 31)....

Same type of play as you mentioned, just different amounts.

Of course, just like justxploring has said about developing a fear about not playing her numbers in the Florida lottery, the day you play one of these grind systems will be the day you catch a streak and win 24 bets in a row!

The best system in the world on a dice table is th... [ More ]

Reply #24

cps10 — Tue, 14 Nov 2006 15:38:52 GMT

CT

Yes...that is true. In the case of a 50/50 chance, you would be in a position to have to play the Martingale progression as you pointed...the doubling up of your bet after a loss. I would NEVER advocate such a strategy. That is the fastest way to ruin imaginable. In the lottery, you aren't playing a 50/50 chance, so your bets increasing would be much flatter than the ultra-steep Martingale.

For instance, I use a technique in blackjack called Oscar's Grind. It involves a scenario whereby... [ More ]

Reply #23

Coin Toss — Tue, 14 Nov 2006 07:16:13 GMT

Thanks.

Human nature is a funny thing - the person so willing to play the double up and catch up method will turn right around and not increase their bets on a winning streak.

When they should be letting the 1-2-4-8-16 etc work to their advantage, they'll reach a point - usually early on and stick with the 'flat bets' mentioned in the OP - when they should be winning hundreds or thousands, they're winning $5 and $10 at a whack.

Of course, with lottery and lottery payoffs, it's diffe... [ More ]

Reply #22

sfilippo — Tue, 14 Nov 2006 01:33:27 GMT

good post

Reply #21

Coin Toss — Tue, 14 Nov 2006 00:42:18 GMT

This is an interesting thread.

I'm kind of surprised at the thouygh of assumoing a win in lotto, even Pick 3 or Pick 4, but a little about progressive systems;

On table games the house limit exists to prevent it from working.

Let's say a player is a $1 bettor and the house limit is $1,000.

The player loses bets of:

1

2

4

8

16

32

64

128

256

512

(As Floyd pinted out, don't think this can't happen- and then some).

The player has lost $1023. His ne... [ More ]

Reply #20

sfilippo — Mon, 13 Nov 2006 23:36:46 GMT

ya know, you guys got me to thinking here..

I can easily try this out with play money at one of those online blackjack casinos.

it never occured to me to progressive bet before at blackjack.. that might just be the ticket

Reply #19

cps10 — Mon, 13 Nov 2006 21:11:34 GMT

Floyd

I agree with every point you have made, and that's why I have laid out the facts so that people can make their own decisions. Sure, there are situations where you could go on such a losing streak that you would get buried eventually. However, if your bankroll can support it, and the shop will take your bet, each win could give you a profit, unlike with flat betting.

The 10 draws was just an example. I could put 100 draws on there. The point is that if you are going to win, win some m... [ More ]

Reply #18

KY Floyd — Mon, 13 Nov 2006 20:54:53 GMT

Progressive betting is a great idea on paper, because when reality doesn't interfere you can just keep playing until you win. In the real world you're up against probability and the people who decide whether or not to accept your bet. You say you only need a bankroll of $690, but that's an artificial limit based on the fantasy that you can't lose more than 9 times in a row. In the real world you can lose even more than probability says is expected, so what happens if you lose the 10th hand?.... [ More ]

Reply #17

cps10 — Mon, 13 Nov 2006 18:37:57 GMT

LL Rick

You are very welcome. There's more to come, so keep your eyes peeled. I have a lot of work here at the office today, so I might not be able to continue until tonight...and then, my Panthers are on MNF, so it might be difficult for Lesson Two tonight, but I will try my hardest.

You guys have helped me a lot since I joined so I want to share some info to you all as well

Reply #16

Rick G — Mon, 13 Nov 2006 17:53:19 GMT

Thanks, Keith

Reply #15

lottaloot — Mon, 13 Nov 2006 17:30:07 GMT

Thanks for sharing CPS10.

This was really informational for me.

Reply #14

cps10 — Mon, 13 Nov 2006 15:41:57 GMT

You are very welcome lucky146

Reply #13

lucky146 — Mon, 13 Nov 2006 15:27:02 GMT

Thanks for posting cps10....interesting stuff.

Reply #12

cps10 — Mon, 13 Nov 2006 15:23:31 GMT

Thanks Steve! I hope you get a lot out of it

Reply #11

sfilippo — Mon, 13 Nov 2006 14:26:14 GMT

Great info, mazk!

you know me.... i'm a pick 4 kinda guy.

i like those online pick 4 box bet payouts of $93.75, $187.50, $375.00, and $562.50

great return for just a $0.25 bet, so i'll be focusing on your pick 4 progression lesson.

Reply #10

cps10 — Mon, 13 Nov 2006 04:09:48 GMT

This will conclude the lesson for tonight. I will continue more either later tonight or tomorrow. I hope you have enjoyed thus far.

In summary, I discussed the differences in Flat Betting and Progressive Betting, as well as the difference between a Positive Progression and a Negative Progression. I also gave an example of a win with a Flat Bet and a win with a Progression. I also pointed out Bankroll differences with Flat Betting vs. Progression Betting.

When I post on here again, I will s... [ More ]

Reply #9

cps10 — Mon, 13 Nov 2006 03:54:20 GMT

Now, under a Progression like noted above, you would only need the $690 in bank the entire time, and you would have a $300 profit after 5 hits to boot!

So it makes sense to use progressive betting if you can afford the extra comfort money in your bankroll.

Reply #8

cps10 — Mon, 13 Nov 2006 03:52:55 GMT

One thing you will notice between these two tables is the If Loss column. After 10 draws in a Flat Betting scheme, you see ($300), meaning if you didn't win after the 10th draw, you would be out $300. So that would be the minimum bankroll needed to sustain 10 draws at 30 numbers at $1 apiece. I recommend using five times your minimum bankroll to be safe.

In the Progression, you would need $690 for this kind of betting, which is over twice the Flat Bet. But look at it this way:

If you play... [ More ]

Reply #7

cps10 — Mon, 13 Nov 2006 03:48:27 GMT

Heck, even in the example above would have you just breaking even if you won after the 5th draw. What's the point in playing, if you are playing to just break even or just lose as little as possible ??

If you aren't playing to win, then why play at all? That's when the fun begins!

You can apply a Negative Betting Progression below and you will win in the 10th draw, or the 3rd, or the 9th or whenever!! Anytime you get a hit, you will get a profit!!!

Check this table. Now remember, each... [ More ]

Reply #6

cps10 — Mon, 13 Nov 2006 03:44:37 GMT

Let's start with a basic example. Suppose you have 30 single (or 6-way) numbers that you want to play (and for simplicity purposes, I am using $1 as a standard unit, and I am using ONLINE PAYOUTS) and you are sure that you are going to hit them soon. A Flat Betting scheme would look like this:

DrawBetUnitsIf LossIf Win

1$30 1($30)$120

2$30 1($60)$90

3$30 1($90)$60

4$30 1($120)$30

5$30 1($150)$0

6$30 1($180)($30)

7$30 1($210)($60)

8$30 1($240)($90)

9$30 1... [ More ]

Reply #5

cps10 — Mon, 13 Nov 2006 03:39:18 GMT

Everyone has a different way of selecting their numbers. For me, I look for ice-cold trends that are ready to heat up. In other words, if I see a set of numbers that have been out 3-8 times their average skip rate, then I am ready to hammer them, and apply a progression, instead of flat betting. I use a Negative Progression as well. To use a progression, you have to be reasonably sure that your numbers are going to come in within the time limits/bankroll limits you have set. Then you can assure

Reply #4

cps10 — Mon, 13 Nov 2006 03:36:40 GMT

tntea

You are very welcome! I can do the wagering, just can't pick the numbers! LOL I will get that part solved soon! Thanks for taking part

Reply #3

tntea — Mon, 13 Nov 2006 03:34:21 GMT

I am ready to learn this.. I can pick the numbers... Got that under my belt..Now for making the bigger bucks..Thanks for your time.

Reply #2

cps10 — Mon, 13 Nov 2006 03:33:49 GMT

There are two types of progressions, the Positive Progression, whereby you increase your bets with each WIN you get, hoping to capitalize on a hot streak, or the Negative Progression, whereby you increase your bets with each LOSS you incur. This allows you to ride out a cold streak and once you win, you are in the money.

The way that I play in lotteries, or even in blackjack, roulette or other games of chance is using a Negative Progression.

Reply #1

cps10 — Mon, 13 Nov 2006 03:31:46 GMT

Everyone knows what Flat Betting is: it is playing a set amount on each number every single time. You might play $1 at the grocery store, or you might play $0.25 at the online stores. Either way, you play that amount every time on your numbers. Your bet size never changes. Your amount of numbers played may change, but your bet remains the same.

Progressive Betting is the art of wagering different amounts of money on your numbers, depending on how much you have lost. No matter when you finally... [ More ]

A Tutorial in Progressive Wagering

cps10 — Mon, 13 Nov 2006 02:23:13 GMT

Good evening fellow Members!

As promised, tonight begins a series of lessons regarding progressions and progressive wagering strategy.

Many of you might know that finding which numbers to play is half the battle. You need to have a solid bankroll management strategy just like with any form of gambling. You might not find that this type of strategy is not for you, and that's fine. I just want to present you with the facts, and you can decide for yourself.

If you have any questions, pleas... [ More ]