Does martingale really works? - page 22.

plost24

sr. member

Activity: 462

Merit: 250

Quote from: buddu on September 12, 2015, 05:59:26 AM

Quote from: phibay on September 12, 2015, 05:29:19 AM

Quote from: hensi on May 15, 2014, 02:08:09 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 use martingale on dice especially on autobet but its not that effective in the long run, i always end up losing so i decided to stop it. so martingale doesn't work (based on my own experience)

Matingale really doesn't work for players with small bank roll.I ended up at loss just like you when when I tried to use martingale.It works in favor of house when you keep using it.When you use martingale and keep playing it gives the idea to house about your playing strategy and after few winning stakes begin to appear just loosing stakes in a row.

it doesn't work in high bankroll if you are ready to risk 3 btc for 1 satoushi :3 it will be a crazy move Wink

and for the most of site they put a bet limite so it's impossible to win with martingale

nicole7852

full member

Activity: 128

Merit: 100

martingale is a successful strategy assuming if a player has an infinite bankroll for playing /gambling ,cause eventually when he wins he would cover all of his losses and profit on a side note..

but that is real casinos too ,not this rigggid shit.

Bardman

hero member

Activity: 952

Merit: 516

Quote from: Coef on September 12, 2015, 06:53:36 AM

Quote from: buddu on September 12, 2015, 05:59:26 AM

Quote from: phibay on September 12, 2015, 05:29:19 AM

Quote from: hensi on May 15, 2014, 02:08:09 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 use martingale on dice especially on autobet but its not that effective in the long run, i always end up losing so i decided to stop it. so martingale doesn't work (based on my own experience)

Matingale really doesn't work for players with small bank roll.I ended up at loss just like you when when I tried to use martingale.It works in favor of house when you keep using it.When you use martingale and keep playing it gives the idea to house about your playing strategy and after few winning stakes begin to appear just loosing stakes in a row.

Martingale doesn't work in the long run, not because the site will learn about your playing style, but because a long enough loss strategy is just bound to happen in the long run no matter how unlikely the chance it is.
As an example, if you play x2 bets in a 1% house edge site, the chance for you to hit a "10 red streak" in the first 10 bets is 0.10787% but the chance to hit a "10 red streak" in 10000 bets is 99.53229%.

If you are playing on 1% the chance to hit 10 red streaks will always be the same, that 99% is imaginary, that would mean that in 20000 bets i have more than 100% chance to hit the 10 red streak and that is simply not true.

Coef

hero member

Activity: 882

Merit: 1000

Exhausted

Quote from: buddu on September 12, 2015, 05:59:26 AM

Quote from: phibay on September 12, 2015, 05:29:19 AM

Quote from: hensi on May 15, 2014, 02:08:09 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 use martingale on dice especially on autobet but its not that effective in the long run, i always end up losing so i decided to stop it. so martingale doesn't work (based on my own experience)

Matingale really doesn't work for players with small bank roll.I ended up at loss just like you when when I tried to use martingale.It works in favor of house when you keep using it.When you use martingale and keep playing it gives the idea to house about your playing strategy and after few winning stakes begin to appear just loosing stakes in a row.

Martingale doesn't work in the long run, not because the site will learn about your playing style, but because a long enough loss strategy is just bound to happen in the long run no matter how unlikely the chance it is.
As an example, if you play x2 bets in a 1% house edge site, the chance for you to hit a "10 red streak" in the first 10 bets is 0.10787% but the chance to hit a "10 red streak" in 10000 bets is ~~99.53229%~~ 99.53254%.

Edit: I copied the wrong element in my prob matrix. The 99.53229% is in fact the chance to hit a "10 red streak" in 9999 bets and the chance to hit a "10 red streak" in 10000 bets should be 99.53254%.

buddu

hero member

Activity: 700

Merit: 500

Quote from: phibay on September 12, 2015, 05:29:19 AM

Quote from: hensi on May 15, 2014, 02:08:09 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 use martingale on dice especially on autobet but its not that effective in the long run, i always end up losing so i decided to stop it. so martingale doesn't work (based on my own experience)

Matingale really doesn't work for players with small bank roll.I ended up at loss just like you when when I tried to use martingale.It works in favor of house when you keep using it.When you use martingale and keep playing it gives the idea to house about your playing strategy and after few winning stakes begin to appear just loosing stakes in a row.

nicole7852

full member

Activity: 128

Merit: 100

it works with BIG ton bankrollls..

phibay

sr. member

Activity: 448

Merit: 250

Quote from: hensi on May 15, 2014, 02:08:09 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 use martingale on dice especially on autobet but its not that effective in the long run, i always end up losing so i decided to stop it. so martingale doesn't work (based on my own experience)

sidhujag

legendary

Activity: 2044

Merit: 1005

Went to a casino took out $200 martingaled on black white odd even roulette, won 50% or $100.. Went to the bar drank a bit, came back won another $100 usimg same strategy then called it a night.. Won't go back for years anywhoo.

That's the only time when it works.

shanem

legendary

Activity: 1344

Merit: 1000

Quote from: birdcat90 on August 28, 2015, 10:20:54 AM

right now im doing martingale for 10x payout..

and it still running, almost 300k roll...so i will wait how long does this martingale can hold..

Good luck to you.
You should stop now before you lose everything.

Sir_lagsalot

sr. member

Activity: 392

Merit: 251

I would say no. I've lost a few tenths of a bitcoin to martinfail/gay. Cheesy

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

Quote from: hensi on May 15, 2014, 02:08:09 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?

martingale works in the first ... so it is not advisable for a long run gambling..
because if you do it will eat all your btc so you need to be careful about it.

Coef

hero member

Activity: 882

Merit: 1000

Exhausted

Quote from: ranlo on August 31, 2015, 01:44:39 AM

Quote from: adaseb on August 31, 2015, 01:41:10 AM

Quote from: Monopoly on August 30, 2015, 02:58:14 PM

Inverse martingale really works , but not that really , you are thinking ...........

It doesn't work but you have better chances in making money because you are betting more when you are winning and betting less when you are losing.

The best way is to bet small, and get about 20 winners in a row and double your bet each time. Very emotional and stressful to do.

Apparently I'm missing something. Inverse martingale means you increase on wins, decrease on losses. So:

Win 1
Win 2
Win 4
Lose 8 (-1)
Win 1
Win 2
Win 4
Win 8
Lose 16 (-1)

How can that possibly result in a net win?

In "reverse martingale", the player has to first set a quitting point, say for instance, he will quit after getting a 10-bet winning streak.
For each time he loses, he is going to lose 1 unit as shown in your example. And if he gets a 10-bet winning streak, he will win 1023 units and will walk away.

Of course, it doesn't work.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: adaseb on August 31, 2015, 01:41:10 AM

Quote from: Monopoly on August 30, 2015, 02:58:14 PM

Inverse martingale really works , but not that really , you are thinking ...........

It doesn't work but you have better chances in making money because you are betting more when you are winning and betting less when you are losing.

The best way is to bet small, and get about 20 winners in a row and double your bet each time. Very emotional and stressful to do.

Apparently I'm missing something. Inverse martingale means you increase on wins, decrease on losses. So:

Win 1
Win 2
Win 4
Lose 8 (-1)
Win 1
Win 2
Win 4
Win 8
Lose 16 (-1)

How can that possibly result in a net win?

adaseb

legendary

Activity: 3808

Merit: 1723

Up to 300% + 200 FS deposit bonuses

Quote from: Monopoly on August 30, 2015, 02:58:14 PM

Inverse martingale really works , but not that really , you are thinking ...........

It doesn't work but you have better chances in making money because you are betting more when you are winning and betting less when you are losing.

The best way is to bet small, and get about 20 winners in a row and double your bet each time. Very emotional and stressful to do.

Superhitech

legendary

Activity: 1064

Merit: 1000

Quote from: Monopoly on August 30, 2015, 02:58:14 PM

Inverse martingale really works

What do you mean by "inverse martingale"? Could you please elaborate?

Monopoly

hero member

Activity: 546

Merit: 500

Inverse martingale really works , but not that really , you are thinking ...........

RGBKey

hero member

Activity: 854

Merit: 658

rgbkey.github.io/pgp.txt

Martingale just changes the odds of the game you're playing but can never change the house edge to be in your favor. You're changing it so that you have mostly small payouts, but frequently, and then one big loss that will cripple you. It's all in how long you play, the house will win if you play long enough.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: aakashsangwan on August 29, 2015, 04:12:01 AM

Quote from: Zackgeno96 on August 29, 2015, 03:54:28 AM

i've seen it work to peoples advantage before, and it's also been their downfall, the martingale system does hold some weight to why most people use it
but in the long run gambling can't be predicted, unless you can count cards! there are very few people that choose to gamble for a monthly income, most of these people already have money to gamble, but there are some who don't have the money to eat or gamble but do it anyway! ill just SMH here for them now!

Counting cards isn't possible in gambling with bitcoins or in online casinos.
And most of us cant go to casinos because many are under age and many doesn't have a casino nearby.

Card counting also doesn't work in local casinos, as they use 8 decks and shuffle when 2.5 of them are used (meaning at any given point, you can only know 25% of the cards). I've gone as far as counting exact numbers (i.e., keeping up with exactly how many a,2,3,4... came out) and always came up with at MOST a difference of only a couple percent before they shuffle. Not nearly enough to rely on.

aakashsangwan

hero member

Activity: 994

Merit: 1000

PUGG.io

Quote from: Zackgeno96 on August 29, 2015, 03:54:28 AM

i've seen it work to peoples advantage before, and it's also been their downfall, the martingale system does hold some weight to why most people use it
but in the long run gambling can't be predicted, unless you can count cards! there are very few people that choose to gamble for a monthly income, most of these people already have money to gamble, but there are some who don't have the money to eat or gamble but do it anyway! ill just SMH here for them now!

Counting cards isn't possible in gambling with bitcoins or in online casinos.
And most of us cant go to casinos because many are under age and many doesn't have a casino nearby.

Zackgeno96

hero member

Activity: 1778

Merit: 520

i've seen it work to peoples advantage before, and it's also been their downfall, the martingale system does hold some weight to why most people use it
but in the long run gambling can't be predicted, unless you can count cards! there are very few people that choose to gamble for a monthly income, most of these people already have money to gamble, but there are some who don't have the money to eat or gamble but do it anyway! ill just SMH here for them now!

Topic: Does martingale really works? - page 22. (Read 123289 times)