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About LinkBacks
First of all, this system will not win you any money long term. Playing negative EV games, no betting system (other than not placing any bet) will prevent your loss of money. Following this (or any other) system will LOOSE you money.
The motivation for this system is "if you win - you do it ahead (and you should quit)", and it is a progression system. It is designed for a simple chance game of fixed odds, for example Roulette. For even bets it is exactly martingale, but it is also applicable to more (other than even-paid) bets - which is the reason I will call it "meta-martingale".
So here is how it works.
First of all, you need to define a loss limit. Stick to it!
Then, decide on what type of bet you want to play. Say we play Roulette, and I like to play the Corner bet (4 adjacent numbers).
Next thing we need to know how the bet is paying if we win. The payment (the "Odds") is q. The Corner bet pays 8:1, and hence if I win I get 9 times my stake, and q=9. For even money bets (Color, Odd/Even) paying 1:1, it is q=2.
We also should find a suitable unit bet size, say $1. This will also be our initial bet.
Start placing your bet. If you win this bet you are already ahead - and should quit playing for this session (as this is the goal of this system, winning ahead short-time).
If you loose your bet, you place a higher bet, where the bet size is q/(q-1) times larger than your first bet. For the corner bet (q=9) this is 9/8 = 1.125.
So I now bet $1.12. If I win this bet, I'm still ahead (although I lost the first bet). If I loose, I further increase my bet by the factor of q/(q-1) (i.e. 9/8).
If done correctly, once you win a single bet, your RECOVERED all your bets before in this session and won a bit extra. Keep that winning and stop playing for this day (or better for this week).
In short:
Increase your bet by the same factor q/(q-1) after a loss. Keep playing until you win or hit your loss limit. If you have a single win, you immediately quit the session, with an overall win from that session.
For even money games (where q=2), the factor becomes 2/1 = 2.0 and is the famous Martingale progression 1/2/4/8/... which I do not recommend because it is very fast rising.
You should play higher-odds bets, the progression is much much slower then (on the corner bet it is 1/1.12/1.26/1.42/1.60/....) and you will more likely be able to play more time with your given loss limit, hopefully enjoying more of your play (knowing that with any single win you recover completely), so there is no chasing of losses.
Again, this system will not make you any money, because you will eventually hit your loss limit without a win. The house has still the edge, but your money will most likely last longer if played correctly.
What do you guys think ?
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Originally Posted by MangoJ
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