18th June 2004, 03:16 PM
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Member
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Join Date: Jan 1970
Posts: 4,365
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Quote:
On 2004-06-18 09:09, Maverick wrote:
Chrome-prince. I've had my first loss with the system yesterday.
For an example if i lose the next 5 times..
then win on my 6th time..my losing streak would be 6....so are you saying if i lose another 6 in the furure i should stop and rethink the sysytem ?? of course i'd be taking into account the actual stake lost as well..
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Maverick,
This is a little different. It really has nothing to do with your longest loss on a day or your profit/loss at the time.
Unfortunately, we aren't allowed to post links on the forum, but search the internet for a losing sequence mathematical calculator.
Work out your average dividend.
Work out your overall strike rate.
A calculator will tell you what your maximum losing sequence should be.
In my opinion, if the losing sequence goes longer than the average, not the maximum, I'd cut back my bets a little to save the bank.
You may miss a good winner, but it could save you from disaster in the long-run. |