What is Progressive Betting?
Progressive betting is a system in which the bettor adheres to a set amount for each bet, and increases the amount as they gain profit. In addition to sports betting, progressive betting systems are also used in other gambling activities, such as blackjack and poker. This type of betting is more common among sports fans that are interested in making money from betting on a regular basis; not the occasional $50 – $100 bet on your favorite team or the championship game. Here is a video outlining what progressive betting is.
Positive and Negative Progression
Progressive betting is broken down into two basic systems, known as positive and negative progression. These systems determine how the bet is adjusted, based on which one is being used. The systems are simple and straightforward. If the positive progression system is being used, stakes are increased when the bettor wins, and decreased when the bettor loses. However, if the negative progression system is being used, stakes are increased when the bettor loses, and decreased when the bettor wins. While these systems are popular among casino gambling, they can be applied to other forms of gambling, including sports betting.
The basic idea behind why the positive progression system should be successful (in theory), is that profits will be maximized during a winning streak, and losses should be minimal during a losing streak. Using the positive progression system is simple. The bettor starts out with a base amount (stake). The amount increases by that same amount when a wager or bet is won. When a bet or wager is lost, the stake remains the same as the base amount. For example, if the initial stake is $15 and a wager is won, the amount of the stake would then increase by $15. However, if the wager results in a loss, the stake returns to just $15.
Negative Progression System
The negative progression system operates just as simply as the positive progression system, but in the opposite way. This strategy also seems to be the riskier of the two systems. Unlike the positive system, this system is based on the theory that winning will happen at some point. The danger in this system, is that it implies that continuing to increase the stake when losing will eventually result in larger profit when the losing streak finally ends. However, the time when the losing streak will end cannot be determined. Some of the known negative progression systems are: Martingale, Labouchere, D’Alembert, and Fibonacci.
Of course gambling and betting in any type of sport or game presents a risk. Although it can be harmless fun in some settings, it is advised that these betting systems be used with discretion, and careful consideration.