A progressive system is one where you have a in its most simple form 2 possible outcomes and depending on which happens a predetermined structure on how to place your next bet.
These systems can work, although they carry some risk.
They can be slow, sometimes only earning you $1.00 per win and can often risk many times that. However, that said, a person following a progressive betting system is more likely to get in front than a person who is simply making a flat bet.
The most simple work like this.
You place a bet of 1unit on a 2/1 position (colour, 1st 19 and 2nd 19, odds or evens etc.)
If you win you simply place a bet of 1unit again, if you lose you double your bet.
This takes advantage of the fact that you will lose. By doubling your money after each loss when you eventual come to a win you will win all of your money back and when you hit a streak of wins (which i discussed in an early blog entry is defined by the Law of Large Numbers) you will make winnings.
There are a few downfalls of these systems. Firstly, from my personal experience I have seen the same colour come up 18 times.
That means that the 1unit you originally bet has turned into something much larger (if in fact the house will let you make a bet that large)
This can cause you to lose your bankroll and suddenly you cant make a large enough bet to recoup your losses. This is the major downfall of this system and what will most likely stop you from making a profit.
In future posts I will discuss some of the other systems available.
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