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Topic: Does martingale really works? - page 2. (Read 123253 times)

legendary
Activity: 1176
Merit: 1001
The most Professional Cryptocurrency Casino
November 04, 2016, 05:10:25 PM
If you consider using Martingale or any other method to win at gambling then you should make sure not to continue on that in the long run. Because it will work for sometime and then will end up is loss. This is because the math is based on the assumption that bankroll being infinite, which is rarely true in real life gambling.
I guess we don't need to consider to using martingale due we has know what the result we get even though sometimes it working well but most of that's lossing you will got.
legendary
Activity: 1932
Merit: 2270
November 04, 2016, 02:06:31 PM
Sooner or later everyone lose money with martingale. Lets say you play dice 1.1X with 90% chance of winning 10% losing. Roll 10000 numbers, there will be in perfect conditions 9000 hits and 1000 miss. So theoretically you can miss 1000 rolls in row and nobody has that big bankroll to cover that. Not to say most of dice sites have some max win limits.
hero member
Activity: 1134
Merit: 502
November 04, 2016, 11:19:56 AM
Yes it do works in a short period of time but if you keep doing martingale you will end up losing everything. Even when you start with 1 sat and do martingale sooner or later red train will come until you do not have enough balance for your next bet. It always happens to me in dice.
hero member
Activity: 742
Merit: 526
November 04, 2016, 11:10:51 AM
If you consider using Martingale or any other method to win at gambling then you should make sure not to continue on that in the long run. Because it will work for sometime and then will end up is loss. This is because the math is based on the assumption that bankroll being infinite, which is rarely true in real life gambling.

Apart from that, every legitimate casino sets a limit on a maximum bet you can wager. Therefore, even with an infinite bankroll, martingale will eventually turn into a series of bets with maximum allowed amount. Why then make a fuss over increasing your bets along the way till you get there if you could just bet that amount right from the start?

The lesson to take home is that if you want a happy marriage, you should marry a casino owner. And if your family life is not quite on track, you can always file for a divorce and theoretically grab half of the bankroll with a single roll. In this fashion, marriage should work better than martingale in the long run.

So in other words.. moving this to the real life, you suggest to invest in casino bankroll and have earnings from House edge? Smiley
I have the same opinion. In long run everyone who play martingale will burn.

Home! Sweet home!
legendary
Activity: 2002
Merit: 1016
November 04, 2016, 10:38:36 AM
Martingale is like marriage it works until it don't

hahaha good analogy!
After a hundred pages of discussion we came to this .. Everyone is trying martingale / marriage even we know how it will end .. All or at least most of players should already realize this.. in both ways .Wink

You made my day man!  Grin

The lesson to take home is that if you want a happy marriage, you should marry a casino owner. And if your family life is not quite on track, you can always file for a divorce and theoretically grab half of the bankroll with a single roll. In this fashion, marriage should work better than martingale in the long run.

So in other words.. moving this to the real life, you suggest to invest in casino bankroll and have earnings from House edge? Smiley
I have the same opinion. In long run everyone who play martingale will burn.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
November 04, 2016, 10:32:53 AM
If you consider using Martingale or any other method to win at gambling then you should make sure not to continue on that in the long run. Because it will work for sometime and then will end up is loss. This is because the math is based on the assumption that bankroll being infinite, which is rarely true in real life gambling.
legendary
Activity: 1302
Merit: 1018
Cashback 15%
November 04, 2016, 10:26:54 AM
Martingale is like marriage it works until it don't

That is funny but it looking realistic so that is good example, martingale is like that it works until we got busted than realize that it's worst method for any game, that is why I also will do agree with you martingale is not good strategy.

Yes, its a funny example but does have  sense though.  martingale does work  only for the first time and  you should really know how to get  out with  it  if you are  gaining profits  because  martingale  would really  bust  in the  long  run and all of those  winnings you gained  would  be  lost  including  your capital and  thats really a sad thing   when using this strategy.
hero member
Activity: 686
Merit: 500
November 04, 2016, 10:02:09 AM
Martingale is like marriage it works until it don't

That is funny but it looking realistic so that is good example, martingale is like that it works until we got busted than realize that it's worst method for any game, that is why I also will do agree with you martingale is not good strategy.
hero member
Activity: 742
Merit: 526
November 04, 2016, 09:51:32 AM
Martingale is like marriage it works until it don't

hahaha good analogy!
After a hundred pages of discussion we came to this .. Everyone is trying martingale / marriage even we know how it will end .. All or at least most of players should already realize this.. in both ways .Wink

You made my day man!  Grin

The lesson to take home is that if you want a happy marriage, you should marry a casino owner. And if your family life is not quite on track, you can always file for a divorce and theoretically grab half of the bankroll with a single roll. In this fashion, marriage should work better than martingale in the long run.
hero member
Activity: 756
Merit: 500
November 04, 2016, 09:13:00 AM
Martingale is like marriage it works until it don't

hahaha good analogy!
After a hundred pages of discussion we came to this .. Everyone is trying martingale / marriage even we know how it will end .. All or at least most of players should already realize this.. in both ways .Wink

You made my day man!  Grin
Use it with your own precaution i think martinfail will only give some earnings if you are still lucky since we cant really assess what will happen from our bet especially if we are playing dice or some casino games its between our luck and our aim we need to be contented even in a small amount of earnings instead of allowing our self to be burned when losing streak hits our bets.
legendary
Activity: 2002
Merit: 1016
November 04, 2016, 08:53:50 AM
Martingale is like marriage it works until it don't

hahaha good analogy!
After a hundred pages of discussion we came to this .. Everyone is trying martingale / marriage even we know how it will end .. All or at least most of players should already realize this.. in both ways .Wink

You made my day man!  Grin
hero member
Activity: 686
Merit: 500
November 04, 2016, 08:01:59 AM
For some gamblers martingale works and for some they are saying it is not working so in conclusion it is a 50/50.

But for me, I would say whatever strategy you are going to use it is still going to depend on how you gamble properly.

Because even you have strategy but you are becoming angry easily and you can't manage your emotion then you are going to lose.

You mean martingale is working for you or I don't understand well what you want to say there, playing with self control is other thing than martingale when we put 2x amount on every lose than how can we control our emotion with gambling?
full member
Activity: 182
Merit: 100
November 04, 2016, 07:22:37 AM
For some gamblers martingale works and for some they are saying it is not working so in conclusion it is a 50/50.

But for me, I would say whatever strategy you are going to use it is still going to depend on how you gamble properly.

Because even you have strategy but you are becoming angry easily and you can't manage your emotion then you are going to lose.
legendary
Activity: 1288
Merit: 1000
October 15, 2016, 11:36:49 PM
Martingale only works for very short term & if you have luck
You will lose faster if you play at site which have bigger house edge Sad

I better try all-in with 1.1x for 3 times & withdraw
If you have luck then your every strategy even the most biased and unrealistic one could work, for example:
"make 4 bets with 1.3x, then switch to 1.2x make 2 bets, then withdraw - it works every time!"
Mathematics wise martingale is not better than flat betting, that is a scientific fact.
hero member
Activity: 896
Merit: 1000
October 15, 2016, 10:56:38 PM
Martingale is like marriage it works until it don't
member
Activity: 88
Merit: 10
October 15, 2016, 03:32:11 PM
Martingale does not work if you have 0.02 btc and want to make 2 btc with it, though if you have 5 BTC and want small profit then u can easily win some with martingale.
legendary
Activity: 1400
Merit: 1009
October 15, 2016, 03:17:39 PM
Martingale only works for very short term & if you have luck
You will lose faster if you play at site which have bigger house edge Sad

I better try all-in with 1.1x for 3 times & withdraw
That's way more riskier i think lol, i get scared of betting high amount on x1.1. i always think what if i lose all my balance in a single shot/first try, it's better to try luck with small amounts with large multiplier.
hero member
Activity: 882
Merit: 500
October 15, 2016, 03:01:09 PM
No, doesn't. Matingale strategy on gambling is not works, it is needs much money and must be has unlimited money it is not efective because there are not people who has unlimited money in the world.

I have tried to use martingale and instead of winning it just made me lose a lot of my bitcoins. That is why I don't depend on any strategy anymore, as long as I want to gamble I will just accept the fact that I will going to lose if ever I will not going to be wise as I play. SO even small amount of profit, I will going to stop already if I reached it.

LOL. how do play wise if you didn't use strategy in the gambling? Martingle is just a constant strategy but there is a lot of strategy that have no name. So if you are playing wise, i think it is consider as a strategy. For me gambling is just a matter of luck and how it can gave entertainment to the user, Never mind the profit, it will just come if your lucky
Yes, even cashing out money once you reach small profits is itself a strategy because strategy is anything that can be repeated over time in the same manner.
The best strategy though I think is not to gamble or gamble as low as possible.
hero member
Activity: 700
Merit: 500
October 15, 2016, 02:46:17 PM
Everyone who has been a part of any gambling site must have tried martingale. so i just wanted to know your experience that have u ever gained profit from martingale? or its name should be changed to martinfail?
I think, martiangle it is one strategy gambling profitable .. we can get a lot of victory of this strategy. but you must be careful because it could have this strategy failed in the game you because also very risky
I think we should make a goal of 10% income daily with our money and then it can be profitable, once we reach a specified goal we must cash out the money and then repeat the strategy next day, still I think if we have 1 bad day in a week we will still be in loss. But in gambling, profits and losses will occur alternatively, no strategy will guarantee for only profits.
legendary
Activity: 3122
Merit: 1140
October 15, 2016, 11:30:49 AM
For me yes ,it really works as you do it you will earn a profit ahead but you will need a good amount of money to follow the flow of this stratedgy because when you are run out of money you will surely lose .

No martingale would not even with infinite bankroll too, when you will reach the maximum bet amount limit than you will start losing to the house, actually martingale strategy designed by casino owners to let people quickly to their bankroll and this make profit for the owners.

It works only when he is so lucky or he start martingale with so small amount base bet. Lets say he have 100btc bankroll then he start with 1 satoshi basebet. But it is not worth to try because no one willing to risk 100btc just for small amount of profit.
Like crytoboost said even with infinite bankroll it wouldnt work. No matter how low your base bet are or how big is your bankroll it wont work. So even you have the smallest base bet martingale wont work unless you got lucky like what you've said.

Thinking having a  big bankroll  would  not  bust on using  martingale is  such a bad  idea because  this thing would really break  your hopes and expectations and as you said  no matter how small your base bet you would surely suffer super  long  lossing  streaks that would surely sip out  your balance.
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