The old progressive staking plan Chestnut [turning lead into gold]. Just remember the maths: If your selection method makes a loss betting flat stakes, it'll make an even bigger loss with ANY progressive staking plan because they all increase both profit AND loss.

It's better to try to make a profit betting flat stakes with your selection process first before considering any progressive staking plan. If that fails, try to improve your selection method rather than lose even more money on staking plan 'Alchemy'.


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No betting system can convert a subfair game into a profitable enterprise... -- Probability and Measure (page 94, second edition) by Patrick Billingsley

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'The number of 'guaranteed' betting (staking) systems, the proliferation of myths and fallacies concerning such systems, and the countless people believing, propagating, venerating, protecting, and swearing by such systems are legion. Betting systems constitute one of the oldest delusions of gambling history. Betting systems votaries are spiritually akin to the proponents of perpetual motion machines, butting their heads against the second law of thermodynamcis'.

-- The Theory of Gambling and Statistical Logic (page 53) by Richard A. Epstein
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