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Stay well clear of this staking plan, it is often a plan used by dubious tipsters or the utter garbage systems you find on e-bay to turn ordinary / unprofitable selections into a profitable looking system.

The 'martingale' system is a good example of a loss chaser - origionally designed for roulette, you would put 1 chip on red / black (or odd / even), then if it lost double up and put 2 chips down, then 4 - 8 -16 etc...... doubling the bet after every loser, untill you hit a winner and then return your stake to the origional 1 chip. On the face of it - it does seem profitable, as no matter how many losers you get, just 1 winner will put you in profit. It sound's so simple dosn't it, simple enough to put the casinos out of business. - However thoes huge neon buildings in the desert of Las Vegas wern't built by winning customers now were they? The fact is, that with everything long losing runs are inevitable and with the way this staking plan works, it dosn't take too many losers to rack up huge stakes, and with these large stakes you risk losing your entire bankroll on a long losing run.

It's not just on the roulette that people try to chase losses either, people try to chase losses on every type of betting, i suppose it's to do with the mentality of the punter. Most punters want to win every day, (don't get me wrong - i do too) and will do all that they can to acheive this, wheras a more serious punter can accept the losing days and get on with things.

Loss chasing nearly always leads to wild, uncontrolled staking - which is something to avoid at all costs. But poeple still do it to try and win every day.

This is another staking plan that i am not keen on. Basically you decide on an ammount you want to win per bet £100 for example, then depending upon the odds of selection stake accordingally, it has the advantage of staking more on the shorter odds and less on the longer odds in theory making you risk more on the higher strike rate bets. But it has one major downfall - short prices can devistate your bankroll.

10/1 - £10 stake returns £100 profit

5/1 - £20 stake returns £100 profit

eve - £100 stake returns £100 profit

1/2 - £200 stake returns £100 profit

1/5 - £500 stake returns £100 profit

Now no doupt you would be ok in staking £10 on a 10/1 shot - but how confident would be in staking £500 on a 1/5 shot? even £200 on a 1/2 shot? Think how hard it would be for the bank to recover from getting a long odd's on loser.

This plan may be ok if you are only betting on the longer prices, but betting on shorter prices this plan is very risky.

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This is another form of 'target setting' but instead of setting a target profit per bet - you set it for a particular day's betting. The target could be £100 a day or even a percentage of your bankroll, the percentage of your bankroll idea is a very interesting one, it's a form of  compound daily interest, and a target of just 1% of your bankroll per day can soon add up.

Its not something i really care for though as it's a form of 'loss chasing', I have had many days where everything i bet on has just lost, it's not because the system is broke or anything - it's just that that particular day was a 'bad day' - it happens, but with loss chasing this can devistate your bankroll, which is why i never use these type of plans.