Progression betting, for those who aren’t clear on the topic, is a strategy you can use in respect to games that are played against the house. In other words, this doesn’t work on poker. If you’re interested in trying it out on craps and roulette, it would be more difficult with the number of bets on the board, but you can try.
Progression betting is exactly what it sounds like – betting on a progression scale. The scale can alter, depending upon what your strategy is and it’s completely legal at casinos. It doesn’t require you to count cards, but it does require you to increase your bet as you go along. Here’s an examples:
- Start with the base bet (let’s say it’s $25)
- If you win, take that $25 win and add it to your present bet (now your bet is $50)
- If you win again, take 1/2 of the winnings back ($25) and the other half add to your bet (now your bet is $75)
- If you win again, again, take 1/2 of the winnings back ($37.50) and the other half add to your bet (now your bet is $112.50)
- Repeat #4 until you’ve lost and then restart the progression.
There are other variations. Some include doubling up on a slower rate, some faster, however all versions have the same premise: to play with the house’s money. Once you have paid yourself back from the investment, make sure you don’t dip your hand back into that cookie jar. If you find yourself doing so again, be certain that you only play what you can afford. Anything else should be null in void.