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This is my opinion, that i find regression much better and solid then flat betting.
First you always keep a profit when you win and you capitalize when the distribution goes zig zag ... or hitting strikes ...
I would put it like this based upon my experience, regression puts you more into the positive side of things and flat betting more into the even.

Cheers

The logic of the maths is simple enough. Flat betting tends to even out. Capitalizing on the good sessions with regression is the way to go. But we still have to be ahead flat prior to attempt regression to boost winnings. It is the same path as this Victor discussion is taking: http://betselection.cc/general-discussion/the-'holy-grail'-should-be-realistic/msg12555/#msg12555
it is worth a look into.
Cheers