The ABC Progressive or 3-Step Chase betting systems are based on a very old betting strategy called a “Martingale.”
In the original Martingale, you basically keep doubling your losing bet indefinitely until you finally win a bet to net a final profit of only 1 unit.
This was originally applied to roulette betting. For example, you choose red and bet 1 unit. If you lose you’ll bet 2 units (to win 1 unit) and if you lose you’ll bet 4 units (to win 1 unit) and so on… In effect, you have to risk your whole bankroll to win 1 unit. A true Martingale can wipe you out very quickly because although red or black have more or less the same odd, long streaks of reds (or blacks) can occur… The longest recorded streak of one color in roulette in American casino history happened in 1943 when the color red won 32 consecutive times. In this case, your bankroll would have to be $2,147,483,648 to win just $1!!!
In sports betting the progression usually stops at the third bet.
So, let’s imagine your betting an average odd of 2.0
- Bet A – You bet 1 unit (If you win, you’ll net 1 unit. But if you lose you progress to bet B)
- Bet B – You bet 2 units (If you win, you’ll net 1 unit. But if you lose you progress to bet B)
- Bet C – You bet 4 units (If you win, you’ll net 1 unit. But if you lose you’ll have a loss of 7 units!)
If you odd is different for 2.0 you may need to adapt the betting units in Bet B and C.
Should you use ABC Progressive Betting systems?
It’s quite risky because if you lose Bet C, you’ll lose 7 units, meaning that you would need 7 wins just to recoup your losses.
If you decide to do, make sure that 7 units it’s only a small percentage of your bankroll.
Usually, my unit is 2% of my total bankroll.
So, if I lose an ABC bet, I’ll lose 14% of my bankroll. Do you want to risk this?
It’s your call.