Anyone ever tried progression betting on baseball?

Question

Here's the plan:

I'll start with a $10 bet on a single game. If it wins, I continue to bet $10 on the following day. If it loses, I up it to $30. If it wins, I reset, if I lose, it ups to $70. That is the first level of the progression.

If the $70 bet loses, I double the entire progression ($20, $60, and $140 bets) until I recover the $110 I lost in the first level. This will take 4-6 total wins.

I can dedicate the bankroll to go 3 levels deep, or approximately $770.

I know very little about picking baseball winners, so I will be replying on what I deem to be the most reliable free baseball picks I can find. I will only bet on favorites in close games (i.e., -140 or better) so that my earnings will not get eaten up by the vig.

I know this type of strategy is doomed at most casino games, but I expect it could be effective at sportsbetting since picking winners is a skill, and losing streaks should be much less common than casino table games.

What do you think?

Answer 1

Even though sports wagering is a skill you will still get losing streaks. I do this for a living and I have losing streaks that would bust me under your system and I'm pretty sure I'm better at picking winners than a free site will be.

$770 isn't much money so try it. I don't believe it is a smart bankroll management system but testing it is the best way to know.