When I'm still unaware of this, I'd believe that martingale works but the fact is it doesn't really work. To those folks out there that still believe with this strategy, wake up and don't spread a strategy that really don't work for most unless you want to see misfortune of others.
I think some people would just realize that once they experienced It. When I just got into the gambling world, I thought that gambling could be overcome with the martingale strategy, but as I progress through the days, I learned that it doesn't honestly work in the long run. I'm a strategic martingale user that will not depend on it. 
Topic: A Little Example How Matingale Doesn't Work Even In Sportsbetting and Trading (Read 620 times)
October 11, 2018, 06:02:51 PM
October 10, 2018, 11:55:08 AM
When I'm still unaware of this, I'd believe that martingale works but the fact is it doesn't really work. To those folks out there that still believe with this strategy, wake up and don't spread a strategy that really don't work for most unless you want to see misfortune of others.
The thing is there really isn't any "strategy" If there is then there will be people who will win almost everytime when they gamble. People just want to believe in something so that they can enjoy more and have a positive view on what they are doing. It's in human nature. They tell theirselves what to believe so that they can ignore the fact that gambling is a way to loose money.But even then you cannot go crazy and bet all your money every time because you are going to lose it very fast, and it is my opinion that this is by far one of the biggest reasons of why people fail even when they have an advantage, because even when they have an advantage they decide to risk too much capital in each bet.
October 09, 2018, 11:41:30 AM
When I'm still unaware of this, I'd believe that martingale works but the fact is it doesn't really work. To those folks out there that still believe with this strategy, wake up and don't spread a strategy that really don't work for most unless you want to see misfortune of others.
The thing is there really isn't any "strategy" If there is then there will be people who will win almost everytime when they gamble. People just want to believe in something so that they can enjoy more and have a positive view on what they are doing. It's in human nature. They tell theirselves what to believe so that they can ignore the fact that gambling is a way to loose money. 
October 08, 2018, 07:09:17 PM
When I'm still unaware of this, I'd believe that martingale works but the fact is it doesn't really work. To those folks out there that still believe with this strategy, wake up and don't spread a strategy that really don't work for most unless you want to see misfortune of others.
I think some people would just realize that once they experienced It. When I just got into the gambling world, I thought that gambling could be overcome with the martingale strategy, but as I progress through the days, I learned that it doesn't honestly work in the long run. I'm a strategic martingale user that will not depend on it. October 08, 2018, 05:25:46 PM
When I'm still unaware of this, I'd believe that martingale works but the fact is it doesn't really work. To those folks out there that still believe with this strategy, wake up and don't spread a strategy that really don't work for most unless you want to see misfortune of others.
October 08, 2018, 01:10:46 PM
so martingale is a big NO , chasing the past loss is way too dangerous
also you may say this run is rare , but the tipster confirmed that it's normal and it usually happens once a year ( sometimes twice ) so can you really afford losing that big and busting your bankroll once a year ??
Martingale doesnt work no matter which gambling field it would be used. It isnt bad to use it but we should really know how to control the risk but if you are a type of
person that do always love to chase loss just like on a typical dice game then you would still end on the same fate. Thats losing streak scenario on sports is really rare but once
you have been timing out then busting your entire bankroll would be easy.
October 08, 2018, 08:50:49 AM
so we all know how many topics were created here about martingale , and I guess the majority agreed that it's impossible to win with it longterm when the players are using it with dice or any other -EV game
but also I saw many comments were people were saying that martingale can only be profitable if someone used it with +EV games , like sportsbetting or trading
many people started to mention that in the mega threads about martingale without even realizing how bad it's
in this thread I will try to make it clear how martingale is the worst thing to do even if you are a good sportsbettor or trader
as you know I follow sportstipsters and recently one of the tipsters I follow had a terrible downswing where he just couldn't pick a winner for 16 picks in a row !!
here is a screenshot for the run he/they had :
https://prnt.sc/kxnxt2
so let's assume you are following them with 100 units bankroll , so if you are betting 100 a game you should have 10,000 bankroll
Bet 1 : X1.95 Staked 100 result -100
Bet 2 : X3.95 Staked 67.797 results -167.797
Bet 3 : X1.83 Staked 322.647 results -490.444
Bet 4 : X1.88 Staked 670.959 results -1,161.403
Bet 5 : X2.36 Staked 927.502 results -2,088.905
Bet 6 : X1.76 Staked 2,880.138 results -4,969.043
Bet 7 : X1.87 Staked 5,826.900 results -10,795.943
Busted the whole bankroll , but let's assume the bettor has money lets see how bad chasing that 100 profit will cost him
Bet 8 : X3.40 Staked 4.539.976 results -15,335.919
Bet 9 : X2.00 Staked 15,335.919 results -30,671.838
Bet 10 : X2.19 Staked 25,858.687 results -56,530.525
Bet 11 : X1.65 Staked 87,123.884 results -143,654.409
Bet 12 : X2.34 Staked 107,279.410 results -250,933.819
Bet 13 : X2.50 Staked 167,355.879 results -418,289.698
Bet 14 : VOID
Bet 15 : X2.06 Staked 394,707.262 results -812,996.960
Bet 16 : X1.80 Staked 1,016,371.200 results -1,829,368.160
AND CONGRATULATIONS YOU JUST BUSTED AROUND 2 MILLIONS CHASING AND TRYING TO WIN 100 !!!!
now of course some people may say that no it works , but this tipster may be extremly bad
the answer is no !! the tipster is really good and he is profitable over the long run
here is a screenshot for the overall stats
https://prnt.sc/kxo4l9
so you can see that this tipster is actually profitable and if you followed him betting the way he bets you would end up profiting
so I hope some of people here learned a lesson , the way to win in sportbetting and trading is simply to make good bets and trades
you should stick to strict bankroll management and in case you are really betting or trading good you will end up profiting
so martingale is a big NO , chasing the past loss is way too dangerous
also you may say this run is rare , but the tipster confirmed that it's normal and it usually happens once a year ( sometimes twice ) so can you really afford losing that big and busting your bankroll once a year ??
Anyone who needs examples or explanation on why martingale doesn't work doesn't really know what martingale is. Anyone with their right mind knows what martingale is and how you can lose if you can't win couple times in a row. If you don't win 17 wagers in a row do you really believe martingale can save you? No chance. but also I saw many comments were people were saying that martingale can only be profitable if someone used it with +EV games , like sportsbetting or trading
many people started to mention that in the mega threads about martingale without even realizing how bad it's
in this thread I will try to make it clear how martingale is the worst thing to do even if you are a good sportsbettor or trader
as you know I follow sportstipsters and recently one of the tipsters I follow had a terrible downswing where he just couldn't pick a winner for 16 picks in a row !!
here is a screenshot for the run he/they had :
https://prnt.sc/kxnxt2
so let's assume you are following them with 100 units bankroll , so if you are betting 100 a game you should have 10,000 bankroll
Bet 1 : X1.95 Staked 100 result -100
Bet 2 : X3.95 Staked 67.797 results -167.797
Bet 3 : X1.83 Staked 322.647 results -490.444
Bet 4 : X1.88 Staked 670.959 results -1,161.403
Bet 5 : X2.36 Staked 927.502 results -2,088.905
Bet 6 : X1.76 Staked 2,880.138 results -4,969.043
Bet 7 : X1.87 Staked 5,826.900 results -10,795.943
Busted the whole bankroll , but let's assume the bettor has money lets see how bad chasing that 100 profit will cost him
Bet 8 : X3.40 Staked 4.539.976 results -15,335.919
Bet 9 : X2.00 Staked 15,335.919 results -30,671.838
Bet 10 : X2.19 Staked 25,858.687 results -56,530.525
Bet 11 : X1.65 Staked 87,123.884 results -143,654.409
Bet 12 : X2.34 Staked 107,279.410 results -250,933.819
Bet 13 : X2.50 Staked 167,355.879 results -418,289.698
Bet 14 : VOID
Bet 15 : X2.06 Staked 394,707.262 results -812,996.960
Bet 16 : X1.80 Staked 1,016,371.200 results -1,829,368.160
AND CONGRATULATIONS YOU JUST BUSTED AROUND 2 MILLIONS CHASING AND TRYING TO WIN 100 !!!!
now of course some people may say that no it works , but this tipster may be extremly bad
the answer is no !! the tipster is really good and he is profitable over the long run
here is a screenshot for the overall stats
https://prnt.sc/kxo4l9
so you can see that this tipster is actually profitable and if you followed him betting the way he bets you would end up profiting
so I hope some of people here learned a lesson , the way to win in sportbetting and trading is simply to make good bets and trades
you should stick to strict bankroll management and in case you are really betting or trading good you will end up profiting
so martingale is a big NO , chasing the past loss is way too dangerous
also you may say this run is rare , but the tipster confirmed that it's normal and it usually happens once a year ( sometimes twice ) so can you really afford losing that big and busting your bankroll once a year ??
If you want to win with gambling work than go and start your own casino or invest in an already successful and trusted casino, there is no other way of winning for sure in gambling. House always wins is a saying not just for intimidation but for mathematical reasons. Martingale works until it doesn't.
October 04, 2018, 05:08:22 PM
If it doesn't work on games like dice and color games where they claim martingale works but it doesn't, why try it out on sports betting and specially in trading. In trading, it requires technical analysis and thorough research. It may require a good strategy on when to buy and when to sell but definitely I will not Buy or Sell because of martingale strategy. It just doesn't make sense if used in trading specially on a bear market that we are experiencing right now.
October 04, 2018, 04:49:07 PM
Im just speculous about someone even trying to make it work...
Off course it would not been possible according with those facts.
Off course it would not been possible according with those facts.
October 04, 2018, 11:47:05 AM
This is a very good post by the OP, this shows to everyone that having a winning system at gambling or at any other activity is simply not enough, you need to manage your risk as well and martingale is probably the worst thing that you can do for your risk, for example one of the very first things that you're going to learn if you read a good book about trading is that you need to keep your losses small, once you lose you need to accept that fact, it seems to me that those that like to apply the martingale system do it because they simply cannot accept that they lost a bet or a trade and that is ridiculous, because there is no trader or gambler that wins every single time, as long as you win more than what you lose and you manage your risk effectively you will earn money.
October 03, 2018, 10:52:24 PM
~
When doing martingale we often forgets to stop when we are facing too much loses in a row.
When doing martingale we often forgets to stop when we are facing too much loses in a row.
Actually, we don't forget, but rather we don't want to stop because we already lost a lot and we want to recover with the next bet which we think should be a winning one. I know this from my own experience, it's impossible to stop when you lost almost half of your bankroll.
As you said, optimism in us makes us to bet more in hope of winning the next one. Keep trying will give us a win sooner or later but, to cover the loses we should have a huge bankroll which is not possible for normal gamblers to keep.
Many people talk about huge bankroll which is needed for martingale to be successful, but few of them realize that even very big one wouldn't save them from losing all their balance in a matter of seconds. For example, with just one satoshi as initial bet you can lose over 1.3 BTC when hitting 27 reds in a row.
I agree with you. Even if we are trying to get a small profit on martingale, we are risking a large amount for that.The hope to recover all the risked amount we keep on playing and end up busting entire balance.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
October 03, 2018, 06:57:55 AM
... I remember I said in the past if martingale do really work with +EV games then you would see poker players doing it as well , like playing certain heads up sit n go and if they lose they enter a double buy in game and so on but we all know that professional players stick to the same buy in level that they are playing till they win a certain amount of money then they move up the stakes when they have bigger bankroll to afford the run
Absolutely, I’ve been a member of a couple of poker forums for a while and I read others, like twoplustwo, and I’ve never seen anyone recommending martingale, not even trying it.
October 03, 2018, 05:42:18 AM
so we all know how many topics were created here about martingale , and I guess the majority agreed that it's impossible to win with it longterm when the players are using it with dice or any other -EV game
but also I saw many comments were people were saying that martingale can only be profitable if someone used it with +EV games , like sportsbetting or trading
many people started to mention that in the mega threads about martingale without even realizing how bad it's
in this thread I will try to make it clear how martingale is the worst thing to do even if you are a good sportsbettor or trader
as you know I follow sportstipsters and recently one of the tipsters I follow had a terrible downswing where he just couldn't pick a winner for 16 picks in a row !!
here is a screenshot for the run he/they had :
https://prnt.sc/kxnxt2
so let's assume you are following them with 100 units bankroll , so if you are betting 100 a game you should have 10,000 bankroll
Bet 1 : X1.95 Staked 100 result -100
Bet 2 : X3.95 Staked 67.797 results -167.797
Bet 3 : X1.83 Staked 322.647 results -490.444
Bet 4 : X1.88 Staked 670.959 results -1,161.403
Bet 5 : X2.36 Staked 927.502 results -2,088.905
Bet 6 : X1.76 Staked 2,880.138 results -4,969.043
Bet 7 : X1.87 Staked 5,826.900 results -10,795.943
Busted the whole bankroll , but let's assume the bettor has money lets see how bad chasing that 100 profit will cost him
Bet 8 : X3.40 Staked 4.539.976 results -15,335.919
Bet 9 : X2.00 Staked 15,335.919 results -30,671.838
Bet 10 : X2.19 Staked 25,858.687 results -56,530.525
Bet 11 : X1.65 Staked 87,123.884 results -143,654.409
Bet 12 : X2.34 Staked 107,279.410 results -250,933.819
Bet 13 : X2.50 Staked 167,355.879 results -418,289.698
Bet 14 : VOID
Bet 15 : X2.06 Staked 394,707.262 results -812,996.960
Bet 16 : X1.80 Staked 1,016,371.200 results -1,829,368.160
AND CONGRATULATIONS YOU JUST BUSTED AROUND 2 MILLIONS CHASING AND TRYING TO WIN 100 !!!!
now of course some people may say that no it works , but this tipster may be extremly bad
the answer is no !! the tipster is really good and he is profitable over the long run
here is a screenshot for the overall stats
https://prnt.sc/kxo4l9
so you can see that this tipster is actually profitable and if you followed him betting the way he bets you would end up profiting
so I hope some of people here learned a lesson , the way to win in sportbetting and trading is simply to make good bets and trades
you should stick to strict bankroll management and in case you are really betting or trading good you will end up profiting
so martingale is a big NO , chasing the past loss is way too dangerous
also you may say this run is rare , but the tipster confirmed that it's normal and it usually happens once a year ( sometimes twice ) so can you really afford losing that big and busting your bankroll once a year ??
At the end of the day, as long as you are using martingale to gamble, whether it is real gambling, sport betting, or trading as you so called it, at the end of the day, you are still going to lose as you keep moving on. but also I saw many comments were people were saying that martingale can only be profitable if someone used it with +EV games , like sportsbetting or trading
many people started to mention that in the mega threads about martingale without even realizing how bad it's
in this thread I will try to make it clear how martingale is the worst thing to do even if you are a good sportsbettor or trader
as you know I follow sportstipsters and recently one of the tipsters I follow had a terrible downswing where he just couldn't pick a winner for 16 picks in a row !!
here is a screenshot for the run he/they had :
https://prnt.sc/kxnxt2
so let's assume you are following them with 100 units bankroll , so if you are betting 100 a game you should have 10,000 bankroll
Bet 1 : X1.95 Staked 100 result -100
Bet 2 : X3.95 Staked 67.797 results -167.797
Bet 3 : X1.83 Staked 322.647 results -490.444
Bet 4 : X1.88 Staked 670.959 results -1,161.403
Bet 5 : X2.36 Staked 927.502 results -2,088.905
Bet 6 : X1.76 Staked 2,880.138 results -4,969.043
Bet 7 : X1.87 Staked 5,826.900 results -10,795.943
Busted the whole bankroll , but let's assume the bettor has money lets see how bad chasing that 100 profit will cost him
Bet 8 : X3.40 Staked 4.539.976 results -15,335.919
Bet 9 : X2.00 Staked 15,335.919 results -30,671.838
Bet 10 : X2.19 Staked 25,858.687 results -56,530.525
Bet 11 : X1.65 Staked 87,123.884 results -143,654.409
Bet 12 : X2.34 Staked 107,279.410 results -250,933.819
Bet 13 : X2.50 Staked 167,355.879 results -418,289.698
Bet 14 : VOID
Bet 15 : X2.06 Staked 394,707.262 results -812,996.960
Bet 16 : X1.80 Staked 1,016,371.200 results -1,829,368.160
AND CONGRATULATIONS YOU JUST BUSTED AROUND 2 MILLIONS CHASING AND TRYING TO WIN 100 !!!!
now of course some people may say that no it works , but this tipster may be extremly bad
the answer is no !! the tipster is really good and he is profitable over the long run
here is a screenshot for the overall stats
https://prnt.sc/kxo4l9
so you can see that this tipster is actually profitable and if you followed him betting the way he bets you would end up profiting
so I hope some of people here learned a lesson , the way to win in sportbetting and trading is simply to make good bets and trades
you should stick to strict bankroll management and in case you are really betting or trading good you will end up profiting
so martingale is a big NO , chasing the past loss is way too dangerous
also you may say this run is rare , but the tipster confirmed that it's normal and it usually happens once a year ( sometimes twice ) so can you really afford losing that big and busting your bankroll once a year ??
Someone made an analogy like for instance, you betting 1 satoshi and increasing your bet if you lose every time simply shows, you keep doubling your chances to lose everything quickly over just 1 satoshi winning and looking at the profit and loss ratio when it comes to gambling or martingale, it is something that no one in their sane mind should ever believe would work for them in anything.
October 03, 2018, 04:57:45 AM
I am amazed at how people believe stupid things. If you are able to play EV+ in EV+ games, why the hell are going to try martingale?
yeah mate you can check the threads here in the forum that discuss martingale and you would see many people mentioning that maringale doesn't work just because the game has -EV but it will work with other types of gambling
and as I remember I said in the past if martingale do really work with +EV games then you would see poker players doing it as well , like playing certain heads up sit n go and if they lose they enter a double buy in game and so on but we all know that professional players stick to the same buy in level that they are playing till they win a certain amount of money then they move up the stakes when they have bigger bankroll to afford the run
so it doesn't work with trading , sportsbetting and poker even if the one using it is really good with what he is doing
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
October 03, 2018, 01:24:30 AM
but also I saw many comments were people were saying that martingale can only be profitable if someone used it with +EV games , like sportsbetting or trading
I am amazed at how people believe stupid things. If you are able to play EV+ in EV+ games, why the hell are going to try martingale?
AND CONGRATULATIONS YOU JUST BUSTED AROUND 2 MILLIONS CHASING AND TRYING TO WIN 100 !!!!
That’s the main point, increased risk for reduced profit (compared to the risk, although the potential profit remains the same every bet).
But you know what? People will keep trying martingale, no matter how well you explain it and how many times.
October 02, 2018, 06:48:05 PM
Interesting read. I've used the martingale method in the past with sportsbetting, trading, and dice, yet it's never qutie worked out for me. I always lost money from going on long loss streaks, and I ended up never using the method again. This was back in 2015, and from that point on I always just gambled without using specific, rigid methods, and I've had more fun since then. I know many sites lure in newbies claiming that Martingale and other methods are legitimate based off of crude and often wrong math, but hopefully this thread clears things up and helps people realize that such methods generally don't work.
October 02, 2018, 04:12:24 PM
None of these so called strategies are ever sure fire ways to win time after time. I’ve never seen a broke bookie or casino & that’s for a reason. So many people think they can beat the system & sure it might work for a period but long term gambling is, well, gambling.
Enjoy your times of winning but don’t be stupid & only gamble with what you can afford to lose. No strategy will keep you in the green forever.
Enjoy your times of winning but don’t be stupid & only gamble with what you can afford to lose. No strategy will keep you in the green forever.
while yeah I haven't seen a broke bookie but that doesn't mean that beating them is impossible
there are plenty of professional sportsbettors around , and in this example actually you can see that the tipster had decent ROI over a decent large sample of picks
October 02, 2018, 01:39:36 PM
I don't believe in Martingale too in Sportsbetting and the reason is not that you cannot win in the long run with it but it simply isn't worth it. Some persons on gambling forums in the internet has said to always play the same team with odds of 2.5 whenever it has these odds, and also to keep chasing it, even if it is a team that rarely wins, they say you should hunt them even when playing outside their home with odds like 7.5 and you can use double chance to make it more than 2.
Still I don't think it is worth to risk your bankroll to chase a single win.
Still I don't think it is worth to risk your bankroll to chase a single win.
October 02, 2018, 01:17:25 PM
A simple merit thrown at your way as a gesture of gratitude for this example. 
Why did I say that? That's because many people started a thread like this and almost all of them are with the same topic/concept/idea regarding gambling and martingale but what separated this thread from those generic ones are the examples (screenshots) that he provided. With those screenshots, he provided the evidence that we need to check to verify if his claims are indeed applicable and correct in real life. Those losses are real and proved it point that a losing streak will always graze your path as a gambler and if you're using martingale, you'll definitely lose huge amount of money and will be in deep sh*t.
Good job mate.
Why did I say that? That's because many people started a thread like this and almost all of them are with the same topic/concept/idea regarding gambling and martingale but what separated this thread from those generic ones are the examples (screenshots) that he provided. With those screenshots, he provided the evidence that we need to check to verify if his claims are indeed applicable and correct in real life. Those losses are real and proved it point that a losing streak will always graze your path as a gambler and if you're using martingale, you'll definitely lose huge amount of money and will be in deep sh*t. Good job mate.
October 02, 2018, 01:03:09 PM
No betting strategy works in the long term, they tend to be based on predicted or statistical outcomes, rather than looking at the cold hard odds. All you can do is minimize your risk, most casinos have table limits in place preventing you from really bending the odds to your favor. People should think of betting strategies as loss minimization strategies, rather than winning strategies, because in the end you will eventually lose.
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