Posted: 3/8/2011 11:55:41 PM
Just my two cents; IMO the main problem with your system is what to do when you do lose 6 in a row. You're now down about 100 units and only making 1 unit back per win if you start over. The real key is to never end the chase, but most of us aren't blessed with an infinite bankroll.
I've currently been doing a labby-line for the past 3 months and it has been (luckily) very successful. I have experienced, however, a loss of 7 in a row during that stretch and made it back on that 8th bet. If I didn't make that bet I might be down money for the duration, but b/c of continuing the chase I have quadrupled my bankroll since I started. Hopefully you never do lose 6 in a row, but believe me it's possible. At least with a labby-line you only need to hit more than 33.3% to ensure an eventual profit.
Labby-line 101 in case you're not familiar:
Start with a line of 5 one unit bets, let's say $10.
First bet is made by taking the first and last numbers in the sequence and betting to win that amount (ex: $22 to win $20). If you win, cross off those two numbers and move to the next 'first' and 'last' numbers for your next bet. Alternatively, if the first bet loses, you simply add that one number you bet to the end of the line:
Again, take the first and last numbers and bet to win that amount (22+10=32. Ex: bet $40 to win $32). And so on and so on. Each time you win you are crossing off two numbers whereas when you lose you are only adding one. Once a line is cleared you create another one and that previous profit is banked, never to be chased again (using the example above each line you clear would be $50).
The downside is the longer it takes to clear a line the more you will end up needing to bet, thus the unit size you choose and bankroll you have are keys b/c the system cannot be interrupted or started over without demolishing your profits. Starting with a small unit size is pretty much mandatory until you build up a bankroll sufficient to sustain a losing streak, but you are guaranteeing you will only need to hit more than 33.3% to profit.
BOL to you and everyone else on whatever system works for you.