Well that's too bad, I still think it was pretty great achievement he almost made it to 100% ROI using this method, but ok maybe some ppl are right and it would be smarter to just bet regular way and not martingale it
Not sure how doing exactly what any math textbook says will happen if you try martingale is an accomplishment.
It's a great way to win a few bucks at a time, until it doesn't work and you lose all that money that you won and then some more.
I guess it was nice to see a real life example so hopefully the next person doesn't do it, but why did someone have to burn some cash to figure it out?
Because Carles can afford to lose that money, and it's always good to try an experiment.
Also, the experiment could have payed off well if it worked. Unfortunately, it didn't, but at least now we found a way that doesn't work. I look forward to Carles' next method and attempt.
It's not good to try an experiment for something that is known (unless you are doing a 6th grade science fair project.) Anyone who has a taken a statistics class knew what the result of this experiment would be.
Yes, but if Carles was really lucky, he could've come out on top. It's like his all in strategy he used to do; we all know that going all in will eventually lead to a loss, but Carles wants to see if he has enough luck and skill to win enough in a row. It would've been possible in theory. Of course, if he did it for too long, it would eventually lead to a loss, which it did.
You don't win at sports betting by being lucky, you win by being good. And no matter how lucky he could have been, he would have ended up better off financially (which is what matters when we are talking about sports betting) by picking a strategy that isn't proven to be useless.
How anyone would set out on a strategy where 5 wins in a row nets you 25 bucks and five losses in a row costs you $125 is beyond me.
Yes, you are right; sports betting is won by being good, however it does take a bit of luck as well.
If more of his picks were correct, the martingale could've worked. However, I think that you are right that his strategy wasn't the most viable, that's probably why he has stopped and is probably now thinking of a different strategy to use.
But he discovered for himself that it really doesn't work, which I guess is good too. The all in strategy wasn't great either, but like I said, I think he just wanted to find out for himself if it could've paid off. Anyways, I'm going to wait and see what Carles tries next.