Originally Posted by
Lightning
Yes - partly. You go all in, but the odds do not have to be $1.20-$1.30. They can be anything you want. The guy above has primarily just picked selections with those odds.
It's a little hard to follow when they use the american system, but if you start with $10:
$10 on your first bet of $1.5. Assuming that wins, you now have $15.
You then put $15 (original $10 + your $5 winnings) on your next bet of $2. If that wins, you have $30.
You then put your $30 (original $10 + $5 first bet winnings + $15 second bet winnings) on your next bet and so on and so forth.