
12th February 2007, 10:00 AM
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Suspended.
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Join Date: Jan 1970
Location: gippsland lakes/vic
Posts: 5,104
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Sorry Bagman, I can't counter 'Special Pleading' arguments for Progressive Staking that avoids all unfavorable evidence [especially any maths]. Life's just too short!
Can a horse be made to run faster by a punter altering their staking method? With a bit of Special Pleading reasoning, well why not?
I think you might fit nicely as a betting system Votary so well described below by Epstein:-)
"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 thermodynamics".
-- The Theory of Gambling and Statistical Logic (page 53) by Richard A. Epstein. [2nd reprint 2003]
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