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coin-investor

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Quote from: vinca BK. on April 21, 2021, 01:15:18 PM

In fact, many now use the Martingale system instead of doing one stroke of luck, and the strange thing is that it is also liable to lose the same "chance" if it plays one betting with all the amount, and the question here is, why do gamblers prefer this system to a single roll?

I'm not confident when playing dice I don't think I can put everything in one roll, I haven't tried I want to win and make money however small it is, so I am employing the best strategy on Dice and the martingale variations is a good one to use sometimes but not all the times, I have fun using martingale win or lose, and I don't think I can have fun trying to risk everything in one roll.

RealMalatesta

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Quote from: SirLancelot on April 24, 2021, 02:48:21 AM

your first attempt may go in your favor and the second one may go against you and third one may go again against you but your fourth attempt may end up in favor of you. In this is gambling situation, if you go with martingale then you will be in profits; if you go with all-in then in your second attempt itself you will get busted.

That explains everything. You need to be careful in gambling against losses which is simply possible if we go through martingale. Why we are switching back to base-bet after a winning bet in Martingale strategy, because we need to save our bankroll even for 10 or 20 attempts to recover one losing bet. When you go with single stroking then you may win or lose and that will end your gambling in matter of seconds. If you look for maximizing the chances to win then never bet with all your bankroll.

There are other strategies are also available to ensure long run but I never across any theory to support single stroke gambling of all bankroll. Even in trading, no one suggest to risk all our capital at a time; reserve something to make use at times.

jrrsparkles

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Quote from: vinca BK. on April 21, 2021, 01:15:18 PM

In fact, many now use the Martingale system instead of doing one stroke of luck, and the strange thing is that it is also liable to lose the same "chance" if it plays one betting with all the amount, and the question here is, why do gamblers prefer this system to a single roll?

If you are playing more longer then there are chances for you to get more lucky as well because the probability will favours you depends on the bet amount but martingale really sucks so don't follow that strategy because it won't take to much time to rekt your balance if you are not lucky on that day.

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Quote from: smyslov on April 24, 2021, 07:06:46 AM

Quote from: danherbias07 on April 24, 2021, 03:49:57 AM

I hate single rolls, it breaks my heart knowing there's no second chance.

Only gamblers with a high appetite for risk will always do that, even you know the fact that you will eventually lose the game you prefer to hang on and try to do a lot of variations so you can just stay longer play longer, it's like you want to have fun and get out from the problems in the office do you think you can do that if you lose everything you've got in just a few minutes in just one roll.

If we can play for many rounds in a gambling game, I think that can give us a chance to win, although that still difficult to win many times in gambling games.
But if you choose single rolls with an all-in of your money, you will not have a chance to play in the next rounds because your money is gone.
But even if we can play gambling games for many rounds, it does not mean we can defend our money with us because once you can feel excited about the games, you will stay for a long time and lead you to use your money to gamble more.
Having fun in gambling will not be a problem, but the real problem is when you can not control yourself and your money.

smyslov

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Quote from: danherbias07 on April 24, 2021, 03:49:57 AM

I hate single rolls, it breaks my heart knowing there's no second chance.

Only gamblers with a high appetite for risk will always do that, even you know the fact that you will eventually lose the game you prefer to hang on and try to do a lot of variations so you can just stay longer play longer, it's like you want to have fun and get out from the problems in the office do you think you can do that if you lose everything you've got in just a few minutes in just one roll.

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Using a Martingale system or any other betting pattern is easier than conducting research on the games you want to bet on. That is why some gamblers prefer to place bets using a familiar system instead of checking current team forms, head-2-head results, injuries, suspensions, weather conditions, and all other stuff that can have an influence on the outcome of a match. With Martingale, all you have to do is bet on the same team or same odds, making sure to double your bet in case you lose until you win or lose it all.

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IMO, there's a combined emotion of not accepting to lose.
With martingale, you win one and you have profits then back to start. The only liability here is the capital.
If you keeps on losing more and unable to fund the next target then it won't be the same strategy anymore. You will just bet everything that you had which is bad gambling for me.
Create a large amount of capital first and stay with the plan. There are occasions when gamblers tries another strategy and didn't stick out with the plan that will end up just losing more.
I hate single rolls, it breaks my heart knowing there's no second chance.

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Quote from: vinca BK. on April 21, 2021, 01:15:18 PM

In fact, many now use the Martingale system instead of doing one stroke of luck, and the strange thing is that it is also liable to lose the same "chance" if it plays one betting with all the amount, and the question here is, why do gamblers prefer this system to a single roll?

Do you always gamble in hurry? What is the need of testing our luck in single stroke?
I agree that winning and losing chances are same; but not on every attempt.

Let's consider a typical gambling scenario:
your first attempt may go in your favor and the second one may go against you and third one may go again against you but your fourth attempt may end up in favor of you. In this is gambling situation, if you go with martingale then you will be in profits; if you go with all-in then in your second attempt itself you will get busted.

mindrust

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I also wonder at the Martingale simulator, technically why does Losing streak increase with the number of bets as a direct correlation?

Why don't you send some sats to freebitco.in and set up an autobet strategy? You will lose more often than your wins because of the house edge. The process might take lots of minutes before your bankroll gets depleted but it will happen anyway. Go on try it and share the results with us.

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Quote from: vinca BK. on April 21, 2021, 01:15:18 PM

In fact, many now use the Martingale system instead of doing one stroke of luck, and the strange thing is that it is also liable to lose the same "chance" if it plays one betting with all the amount, and the question here is, why do gamblers prefer this system to a single roll?

In martingale we could earn back our money and stop when we gain enough profit,
In one time bet or single roll all or nothing after the roll if we lose we couldn't do anything.
And some of us gamble to have fun and enjoy our free time so we choose to do the martingale instead of an all in single bet.

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Quote from: TimeTeller on April 23, 2021, 07:53:41 PM

Quote from: just_Alice on April 23, 2021, 06:32:42 PM

Because people fail to understand the probabilities and like to think of the possibility to "hack the system" and find an ultimate winning strategy. You're absolutely right, the chances of losing while placing a single bet and with Martingale are the same.

It's pure psychology of self-consolation, that does the trick. When placing a single bet a gambler thinks "I might win, or I might lose, it's a 50/50 chance" (with respective odds, of course).

But with Martingale the gamblers are often deluded by the thinking that with each bet the chances of winning increase. They go like "I've already lost 6 times in a row, I will definitely win in the next round". While, in fact, the chances are still the same and they can keep losing.

Your logic makes sense and I believe, a lot of gamblers have that kind of perspective.
This is why some like to use martingale system because of that perception.
Anyway, in my opinion, if the game is luck-based, whether you use martingale or one-time bet, still your chance of losing is always there.
Don't think that you have high chance of winning when you practice either one of these strategies.

I'd have to disagree since technically there's a difference between the two. Yes, they both rely on a 50/50 chance, but Martingale is there to at least make/skew that 50/50 to your side, making it so that you don't lose it all at once like the 50/50 dictates. It's like it's lying to the possibilities by spreading it out evenly. Unlike a one-time bet, now that's a true-to-life 50/50 chance of you losing money. Yes, the chances are the same as always, it doesn't go up nor does it go down, but a spread out 50/50 chance vs a one time 50/50 chance have different results from each other. I guess that's what gamblers go for.

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People still choose to use the Martingale system because they believe that they can recoup their losses faster in that way. Also, not everyone has the actual patience to sit there and click multiple times to roll, hence why they use Martingale system even though it has been proven time and time again to lose you money than the opposite.

I have used the Martingale system on several occasions and it just shortened my time on the platform. I was there to have a good time, win or lose, and I felt that I just lost more money than I actually do because I never enjoyed playing using that strategy.

TimeTeller

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Quote from: just_Alice on April 23, 2021, 06:32:42 PM

Because people fail to understand the probabilities and like to think of the possibility to "hack the system" and find an ultimate winning strategy. You're absolutely right, the chances of losing while placing a single bet and with Martingale are the same.

It's pure psychology of self-consolation, that does the trick. When placing a single bet a gambler thinks "I might win, or I might lose, it's a 50/50 chance" (with respective odds, of course).

But with Martingale the gamblers are often deluded by the thinking that with each bet the chances of winning increase. They go like "I've already lost 6 times in a row, I will definitely win in the next round". While, in fact, the chances are still the same and they can keep losing.

Your logic makes sense and I believe, a lot of gamblers have that kind of perspective.
This is why some like to use martingale system because of that perception.
Anyway, in my opinion, if the game is luck-based, whether you use martingale or one-time bet, still your chance of losing is always there.
Don't think that you have high chance of winning when you practice either one of these strategies.

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Quote from: vinca BK. on April 21, 2021, 01:15:18 PM

In fact, many now use the Martingale system instead of doing one stroke of luck, and the strange thing is that it is also liable to lose the same "chance" if it plays one betting with all the amount, and the question here is, why do gamblers prefer this system to a single roll?

I enjoy playing martingale I started this one and I liked it the first time I played it, it's not really if I am going to be lucky or I will win a lot if I win big time I'm keeping it, so I can play whenever I like playing, I have once tried one time roll and I'm not solved to it, what's the point of losing and winning in one roll, when you can have more fun doing more roll on the martingale, it's the fun I'm really looking for.

just_Alice

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Because people fail to understand the probabilities and like to think of the possibility to "hack the system" and find an ultimate winning strategy. You're absolutely right, the chances of losing while placing a single bet and with Martingale are the same.

It's pure psychology of self-consolation, that does the trick. When placing a single bet a gambler thinks "I might win, or I might lose, it's a 50/50 chance" (with respective odds, of course).

But with Martingale the gamblers are often deluded by the thinking that with each bet the chances of winning increase. They go like "I've already lost 6 times in a row, I will definitely win in the next round". While, in fact, the chances are still the same and they can keep losing.

Ryker1

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Quote from: vinca BK. on April 21, 2021, 01:15:18 PM

In fact, many now use the Martingale system instead of doing one stroke of luck, and the strange thing is that it is also liable to lose the same "chance" if it plays one betting with all the amount, and the question here is, why do gamblers prefer this system to a single roll?

Well, I don’t think Martingale would work with long-term bets. It was designed to be used for short-term gains. However, placing a one-time bet is actually riskier than the Martingale approach. Also, it is still depending on how you manage your overall capital, associating both approaches would be considered and actually the best alternative. In gambling, you will never know what would happen. So I guess, the best way to execute winning is to associate both approaches, trust your pulse and manage your capital well.

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Quote from: mindrust on April 23, 2021, 01:12:45 PM

Quote from: vinca BK. on April 21, 2021, 01:15:18 PM

In fact, many now use the Martingale system instead of doing one stroke of luck, and the strange thing is that it is also liable to lose the same "chance" if it plays one betting with all the amount, and the question here is, why do gamblers prefer this system to a single roll?

Martingale makes you play more. The casino makes its money from the house edge. The more you play, the more you pay for the house edge.

If you play a 50% chance game only 1 time, considering that the house edge is 2% or 1%, you have 48-49% chance to win the round and you may get away with it.

If you play the same game 1000 times, then the house edge will certainly kick in in the long run and that means 52% of the time you will lose. Approximately you will lose 520 of your games out of a 1000 and only win 480 of the games and that's bankruptcy for you.

House do always win as we do know if we do play even on longer runs and there's no way that we can beat it out because thats the reality on gambling.

Martingale system is just really making the game longer but doesnt mean that it would really be putting you out on an advantage but people do still keep on
using up this common strategy on where to believe that they can really beat up the house which is really a wrong mindset to have.
There are people who do like on few bet kind of gambling and doesnt care nor matter if it would really be directly be showing some win or lose.

mindrust

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Quote from: vinca BK. on April 21, 2021, 01:15:18 PM

In fact, many now use the Martingale system instead of doing one stroke of luck, and the strange thing is that it is also liable to lose the same "chance" if it plays one betting with all the amount, and the question here is, why do gamblers prefer this system to a single roll?

Martingale makes you play more. The casino makes its money from the house edge. The more you play, the more you pay for the house edge.

If you play a 50% chance game only 1 time, considering that the house edge is 2% or 1%, you have 48-49% chance to win the round and you may get away with it.

If you play the same game 1000 times, then the house edge will certainly kick in in the long run and that means 52% of the time you will lose. Approximately you will lose 520 of your games out of a 1000 and only win 480 of the games and that's bankruptcy for you.

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Just think of placing all in one bet, if it gives you a win then it is enjoyable. Same time if the roll fails, everything is lost and one can't test his luck anymore. He needs to look for additional funds.

When tried with small amounts followed by martingale strategy the same fund gets used for a longer time period and in between if lucky, the user experiences a massive win. However everything is upon the users self plans and luck.

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Quote from: nakamura12 on April 23, 2021, 05:07:01 AM

It depends on the person who will bet. Some want to prolong their gambling time to have fun even if they win or lose the bet as long as they have the excitement and fun they want compared to one time bet. In one time bet, some doesn't want to bet many times if they know that they will lose or win the bet.

Yes, maybe they will have their reason why they do that. There are many scenarios for the gamblers to use that strategy because if they want to have fun, they will not use a one-time bet instead of using a small amount to prolong their time playing gambling. Maybe we can say that it is wrong to say about the one-time bet to other people and we suggest them to use little money to gamble, but that will depend on them.

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