You should ask yourself before the start of the “going after”: do I really need it? Because, while 3-4 iterations the sums of the stakes are rather big, and the lottery is one level less. And if you all the same decided to play the “going after”, you must have a purpose, maybe, to set at the beginning the sum of the wanted lottery from entire “going after” or from only one iteration.
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To play with the use of the “going after” you should at first seriously decide some points. For example, the object of the “going after” (what event and how to go after it), the subject of the “going after” (the team which will be gone after) and the moment of the beginning of the “going after”. Besides you have to determine your bank for the “going after” and your winning (it means what you want to get).
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What is the double “going after”? The sense is the same as it is in the “going after”. But we bet all the time not on one event, but changing them on the opposite.
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The idea is the same as D’ALEMBERT gambling strategy except that fact, that you increase the stake when you’re winning and decreasing – when you’re losing.
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This strategy is also well-known as the Pyramid, and was devoted to the casinos’ games too. Comparing with the Martingale strategy it is less popular, but it is less risked too.
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Invented to play the roulette, for the stakes on “red/black”, and it means, it’s used for the stakes on the events with the coefficient 2. The size of one unit you decide yourself (it can be, for example 20 $ or 5 pounds).
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This is a German strategy, similar to Martingale betting system in some way, and as the most of the progressive strategies, based on the permanent increasing of the stakes’ sizes, at first was made for the casinos.
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The Kelly criterion is used not only in the gambling games, but even at the exchanges. This method is the only one, which has the mathematical basic and that’s why it is used by a lot of different players. But during the use of this method two big problems appear at the same time.
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The experience is very important in the art of the betting in sport. To choose the events for betting right is often the main part of the winning. But this is the most difficult too.
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Continuation about Martingale betting system. Today we’ll talk about Kelly criterion. I will also provide example with good overview ;-).
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