With horse betting, or any kind of betting, anything other than flat betting is in fact a kind of progression . . . but the subject in this article is (as it should be) a bit controversial: Raising bets after losses.  allbet

“Gamblers Ruin” is a term (not quite as scary as it sounds) used to denote a loss of betting bankroll. Though that is something that should be avoided at all cost – it really isn’t actually the “ruin” of the horse bettor – but it will put him out of the game until a new betting bankroll has been scraped together.

The surest way to “Gamblers Ruin” is the infamous “Martingale” method of doubling up after each loss. A gambler sticking to one of the even money bets in – say Roulette – will only be operating at about a 1.5 percent disadvantage. If that player has a huge bankroll and starts with a minimum bet, he might be able to make a true “Martingale” betting method work for days, weeks, even months – who knows?

Sooner or later, however, a vicious and prolonged losing streak will come along which will take the gambler past his ability to make the next bet – either because his bankroll has been severely depleted, or because he doesn’t have the nerve to make the next bet.

Example: Say his minimum starting bet is $5.00 – and he encounters a losing streak of 15 in a row. Here are the required bets for doubling up on each loss: