What this DOES do is help people bet smarter, but if they play long enough they will lose about 98% of their money. But in the short run it helps bet smarter and have more fun (IMHO).

I dare to disagree on that as well. At least for the chance of winning & 'betting smarter' part, fun is subjective and I'll leave that to anyone's free choice

If you play long enough (regardless of what system you follow, or none at all) you will lose 100% of your money.

As for improving your odds in the short term, here is what actually happens:

- normally, each round, almost half of the players will win 100% (i.e. double their stake, they bet 1 BTC and get 2 in return) and the rest will lose their stake 100%
- with a scheme like this, almost 95% of the players will win 5% (i.e. they bet 1 BTC and get 1.05 in return) and the rest will lose their stake 100%

So there's still a chance of losing all your money (which

*will* happen eventually if you keep playing) but this chance is reduced, at the cost of a much lower winning rate.