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Topic: ㅤ - page 3. (Read 822 times)

sr. member
Activity: 1596
Merit: 335
August 21, 2020, 05:48:43 AM
#28
I usually use the Martingale system. It's true that none of these systems lessen the risk or even increases your chance of winning. Bankroll management, luck, and patience are needed if you really want to enjoy gambling. I always end up losing all my money when I lose my patience. Just enjoy gambling and feel free to use your own strategy.
hero member
Activity: 491
Merit: 1259
Nihil impunitum
August 21, 2020, 05:29:33 AM
#27
If think globally all betting systems could be divided into two big categories - centralized  and p2p which is truly decentralised.  My mood is currently shifting to p2p betting which relies on blockchain or DAG technologies. Just recently, for betting on  European Champion League events,   I have tried p2p sport betting bot developed on Obyte platform and should say it rocks. After that me likely will never return to centralized betting.  
hero member
Activity: 2982
Merit: 610
August 21, 2020, 05:11:31 AM
#26
The Paroli Betting System and The Martingale Betting System, there are the most common used betting system I guess.
Usually in dice betting, gamblers uses The Martingale Betting System which is very risky, at first if you haven't tried it you, you will be convince with the system as you'll think you'll never have a losing streak of 10, but it does happen in dice, I tried it many times and it has wipe out all my bankroll.

Tried this in sports betting too but I don't fully implement this system as it's no fun using it regularly, also the result is the same, what's needed is just to win by choosing the pick with right analysis.
legendary
Activity: 2562
Merit: 1978
Leading Crypto Sports Betting & Casino Platform
August 21, 2020, 04:56:20 AM
#25
Interesting topic, thanks! (although the information is not new to me).
I thought about this: from the point of view of mathematics, all these systems are equally unprofitable. That is, if you take a long distance, then the result when applying these strategies will be the same. Roughly speaking, with the same amount of bets for each strategy, the losses will be the same, which means that it is impossible to control the loss/profitability of the game on the part of the player. Has anyone tested this reasoning in practice?

Thank you, Mister.  Cheesy

Interesting opinion. I heard something similar from you about strategies in trading and led to the conclusion that trading, like betting, has a random loss / win result. This is the question we need to ask a betting guru with 20 years of experience who lives in our locale.  Grin

I think that my point of view has a right to life, because from the point of view of mathematics, trading is a zero-sum game: your income is someone else's loss and vice versa.
As for the betting guru, I understood who you are talking about, but I cannot understand his thoughts because I don’t read his posts  Grin
sr. member
Activity: 644
Merit: 364
In Code We Trust
August 19, 2020, 12:34:55 AM
#24
This article is really helpful, I realized that when we are gambling, we need to have a significantly good amount of funds largely divided in order for us to apply these techniques. Meaning, an all-in bet at the beginning of our game will not give us a promising profit in gambling.

These techniques somehow imply that even in gambling, there's no easy win as you need to experience a winning streak to celebrate while applying the techniques.

I could be biased here but the negative progression betting or for me is what mostly called Martingale strategy, is quite a losing strategy as there's not always an instance that we win after we lose, we could have losing streak and when this happens, doubling our bet exponentially lead us to bankruptcy.
hero member
Activity: 2940
Merit: 715
August 17, 2020, 03:36:02 AM
#23
This is a good read however all of the mentioned systems have a proven record of not working.I think these systems are good only to help addicted gamblers to lower their dose of gambling.
No, it's only a betting system and there's no betting system that could give you a constant win.
What would give you a win here is if you are good in choosing a winning bets, and use a betting system that you use constantly.

The only one which functions only in theory is Martingale and for it to function you need to have an infinite or a huge bankroll.Casinos have set limits that is why it doesn’t work anymore.

Martingale is still a betting system, and it could function even though you don't have an infinite bankroll because that condition of yours is quite impossible since no one gambles with infinite bankroll, otherwise, gambling is not challenging to them anymore.

With proper timing, martingale could be a useful betting system, but it doesn't mean if it works for me, it will also work for you.
Like I said, the most important is choosing a winning bet, you can't use a betting system by betting blindly.
full member
Activity: 1190
Merit: 117
August 17, 2020, 03:06:34 AM
#22
The explanation of betting systems in the opening post is very helpful for newbies who are new to the world of gambling.
For me, who has been playing gambling for 3 years, I have tried all types of casino betting systems. I can assure you that
there is no betting system that can give you a win in the long run, because in the end the house will become winner. Therefore,
we shouldn't be greedy, when we manage to get a large enough profit from gambling. We have to stop playing gambling,
if we continue playing it will lose.
legendary
Activity: 3514
Merit: 1280
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August 17, 2020, 02:53:39 AM
#21
Betting systems wouldn't make you win in whatever game, although it might bring you to a positive net at the end of your gambling session. However, as the case mostly is, it still boils down to whether luck is on your side or not

To be clear, I'm not challenging this point

But what is luck, either good or bad? What we call luck is essentially variance. What is the opposite of variance in the gambling context? Right, the house edge. So what it seemingly comes down to is the stand-off between variance and the house edge. What does it tell us in practical terms? That to successfully work against the house edge we should employ variance

However, variance itself is a two-edged sword. Recall, there is good luck and there is bad luck. But if we think in terms of variance, we will immediately see that it is a false dichotomy or dilemma, as searching for luck is not the same as keeping variance bridled -- unleashed enough to overcome the house edge and still restrained so as not to become bad luck
legendary
Activity: 2562
Merit: 1978
Leading Crypto Sports Betting & Casino Platform
August 16, 2020, 11:59:53 AM
#20
Interesting topic, thanks! (although the information is not new to me).
I thought about this: from the point of view of mathematics, all these systems are equally unprofitable. That is, if you take a long distance, then the result when applying these strategies will be the same. Roughly speaking, with the same amount of bets for each strategy, the losses will be the same, which means that it is impossible to control the loss/profitability of the game on the part of the player. Has anyone tested this reasoning in practice?
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
August 16, 2020, 11:13:11 AM
#19
I tried some of those betting systems mentioned above but I always set myself that the money that I am gambling will lose anytime. So if I win, I consider it as the bonus of my game. Even if some of them works if you know how to strategize, still it is not good reason to use somebody else's money or money for your basic needs. This is my opinion on this matter.  Tongue
And it is not difficult to understand why, betting patterns or strategies do not really change the odds of the game at all, so it does not matter what you do at the end you are always going to lose to the house if you play long enough.

However despite this being common knowledge people are always trying their luck with betting systems and that is because no matter how many times it is demonstrated that this does not work many of those systems like martingale seem to give the impression that they work as they can allow you to have long winning streaks making it seem as a perfect way to make money only to lose all your capital once you lose enough times in a row.
hero member
Activity: 1218
Merit: 557
August 16, 2020, 10:38:02 AM
#18
One should not be using any startegy blindly, since some may work, and some may not work. Also, the risk-taking ability of each person is different so what works for me may not be same for you. It is always good to set aside budget for gambling which you can afford to lose or say in a way it’s for fun and entertainment you can spend. And once you win you can add that to gamble or just keep it aside depends on every individual.
sr. member
Activity: 2380
Merit: 366
August 16, 2020, 08:21:05 AM
#17
Betting systems wouldn't make you win in whatever game, although it might bring you to a positive net at the end of your gambling session. However, as the case mostly is, it still boils down to whether luck is on your side or not.

Sometimes it is much better to trust your gut feeling over any betting system. You never know for example whether a single loss is the start of a losing streak or not. Or you may double your next bet to get back your previous loss only to end up losing again and decided to get back to your base bet only to end up winning. Or you doubled your bet after a win and end up losing for the next 5 rounds.
hero member
Activity: 2954
Merit: 672
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August 16, 2020, 07:35:21 AM
#16
I read this kind of information int he past, it's a strategy in betting but it's really hard to find the strategy to win.
These are just basics, at least we know the basics when we are gambling to increase our chances and minimize the risk of losing.

Martingale method is one of the most popular betting system, but this is one of the worst betting strategy as we can lose everything we have if we don't have the discipline. Anyway, still thank you for sharing, reading it again is worth spending my time.
full member
Activity: 1540
Merit: 219
August 16, 2020, 06:27:37 AM
#15
Categories Of Betting Systems

- Positive Progression Betting: This is the most popular betting system purely because gamblers don’t need to have a big bankroll to start the casino game. With the positive progression betting technique, gamblers progressively increase their bets after each win and progressively decrease their bets with each loss.
The theory behind the positive progression betting technique is that you have the greatest opportunity to maximize your profits when you are experiencing a winning streak at the casino game. Additionally, if you are experiencing a losing streak, employing a positive progression betting method will help you to minimize your losses. Positive Progression Betting is a relatively harmless betting technique that offers the opportunity to strike it rich when you are enjoying a winning streak. Always remember that you are not guaranteed a winning streak and should not expect one when playing at the casino.

This Positive Progression Betting is somehow much better than Negative Progression betting. This only applicable if you're lucky on that day, because the momentum for you in winning a betting is there. If this is utilize properly in an actual game, this can really make you have a big winnings and minimize losses. This feels like you will just wait for a proper timing on when to bet with a huge amount and bet in a small amount, just like good decision making.

- Negative Progression Betting: This is a more risky betting system, purely because gamblers require a bigger bankroll at the beginning and a strong will to put this system into practice. With the negative progression betting technique, gamblers progressively increase their bets after each loss with a hopeful expectation of recovering their losses with a single winning bet. Gamblers also decrease their bets when they experience a win.
The theory behind the negative progression betting technique is that even though you have lost the last wager, you are destined to win in the near future. And when that win eventually comes, you would have covered up your losses and made a handsome profit in the process. As enticing as this strategy sounds, it is not suggested for gamblers as it may encourage a risky downward spiral in your casino experience.

Source: https://blog.bc.game/betting-systems-do-they-work/

All i can say about this betting system is that most of the time, it can multiply your losses. This is never effective, it will just recover your losses but it is guaranteed a loss every time people do this.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
August 16, 2020, 05:55:24 AM
#14
This is a good read however all of the mentioned systems have a proven record of not working.I think these systems are good only to help addicted gamblers to lower their dose of gambling.The only one which functions only in theory is Martingale and for it to function you need to have an infinite or a huge bankroll.Casinos have set limits that is why it doesn’t work anymore.
sr. member
Activity: 1638
Merit: 300
August 16, 2020, 05:34:39 AM
#13
Bettings will not work all the time. I have tried using the martingale betting system, there are times that I earn good profit and there are also times that I lose all the time until my capital run out. So, what I did is I am not thinking about winning all the time instead I enjoy betting.

Based on the OP

Quote
The Martingale Betting System is great for short term play, and is not recommended for long term strategy. Gamblers find that they often make great risks for little reward when employing this system.

It is also a Negative Progression Betting hence needing a huge amount of bankroll. We all thought it would work but as losing streaks keep on rolling, that would also increase the risk as your bets keep on getting bigger. I am using a strategy for a while but I do not know the name of it but reading the OPs post it is The Reverse D’Alembert System. You should also try it.
sr. member
Activity: 574
Merit: 272
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August 16, 2020, 05:26:27 AM
#12
Bettings will not work all the time. I have tried using the martingale betting system, there are times that I earn good profit and there are also times that I lose all the time until my capital run out. So, what I did is I am not thinking about winning all the time instead I enjoy betting.

Martingale will and can only work if your bankroll is big enough to substain the long streaks of losses. Which of course can happen in betting.

I tried the martingale myself, it worked good for a while but my bets were too big at one point.

I just bet units now, and bet bigger if I am more confident or less if its a high odd bet with not so much confidence.
hero member
Activity: 2268
Merit: 669
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August 16, 2020, 05:07:59 AM
#11
Bettings will not work all the time. I have tried using the martingale betting system, there are times that I earn good profit and there are also times that I lose all the time until my capital run out. So, what I did is I am not thinking about winning all the time instead I enjoy betting.
sr. member
Activity: 1232
Merit: 379
August 16, 2020, 03:39:45 AM
#10
Does this kind of betting system actually works? Beacuase gamblers had been using their ways of betting and it had worked for them in a different dimensions without leaning considering on the betting system op laid out. I have never heard of these but it seems interesting if its applicable to most betting strategies.
No, I'm not the author, I just highlighted the main thing in the author's article and decided to share it here. Since I was not previously interested in any betting systems, this material seemed to me interesting to read. Also, the opinions of more experienced players on this matter are interesting. Smiley
You wouldn't have done a copy paste thing actually, but quite the article and provide source link as simple as that, thanks anyway for sharing this article with gamblers.
sr. member
Activity: 1162
Merit: 450
August 16, 2020, 03:30:29 AM
#9

No, I'm not the author, I just highlighted the main thing in the author's article and decided to share it here. Since I was not previously interested in any betting systems, this material seemed to me interesting to read. Also, the opinions of more experienced players on this matter are interesting. Smiley

I think it is better to rather quote the article than to copy paste it. Though you mentioned the main article link, that wouldn't mean that you somehow plagiarized it. I do suggest that you only indicate certain points and explain it with your own words or simply paraphrase everything in the article.

But with regards to the topic, I'm thinking of making an infographic poster out of this article to showcase such strategies.
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