Does martingale really works? - page 3.

Shinpako09

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Quote from: Bitinity on October 15, 2016, 03:40:37 AM

Quote from: crytoboost on October 15, 2016, 03:16:38 AM

Quote from: SilverPunk on October 14, 2016, 11:22:04 PM

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.

jhenfelipe

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Quote from: 2double0 on October 15, 2016, 04:44:32 AM

IMHO, Martingale doesn't work ever as a strategy if followed, but it will only make you lose double of what you have already lost before.
So, don't follow this strategy unless you are so sure of winning the next bet you will be making.

Bold statement is impossible to happen. If a person will be so sure of the bet result, he will be rich already. Sure thing is that no one will ever know what the result will be. Gamblers are just hoping for the best of it. However, for me, your first statement is indeed possible to happen. If luck is not on your side during bet, you can lose all your capital. Of course, with martingale you'll always double the bet, and it's not good to lose consistently.

tee-rex

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Quote from: Bitinity on October 15, 2016, 03:40:37 AM

Quote from: crytoboost on October 15, 2016, 03:16:38 AM

Quote from: SilverPunk on October 14, 2016, 11:22:04 PM

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.

Such usage of martingale is rather dull, when with each roll you can win only the base bet. A hypothetically more "profitable" strategy consists in increasing the bet amount after a loss in such a way that you not only cover your previous losses combined in the last losing streak but also earn as much. Indeed, it means as well that your bankroll may get wiped away faster. Would it be proper to call such a strategy double-martingale (or double-fail)?

buddu

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I had good experience hardly couple of times when it worked for me. After that it never went the way again. After having horrible sessions few times I stopped believing in so called strategies. Martingale or any other way which is claimed as strategy is not working. Martingale works for house surely but not for player.

2double0

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Quote from: Punggawa on October 14, 2016, 04:41:14 PM

I don't think martingale really works, I have my experience is not working for me in gambling
I've already used this strategy and dump! lost all my money in dice games.

IMHO, Martingale doesn't work ever as a strategy if followed, but it will only make you lose double of what you have already lost before.
So, don't follow this strategy unless you are so sure of winning the next bet you will be making.

ethereumhunter

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Quote from: Punggawa on October 14, 2016, 04:41:14 PM

I don't think martingale really works, I have my experience is not working for me in gambling
I've already used this strategy and dump! lost all my money in dice games.

maybe we don't have a good luck while we playing gambling so we are just got loss everything. every strategy i think will be work if we are have a good luck, but if there are no luck, then we can win the games.

bastw055

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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

Bavarian Illuminati

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What martingale does is to create "very high win chance" bets.

With a strategy of base amount 0.001, 2x on loss, total budget 1.024 (busted in 10 consecutive losses), what you are really betting is 99.89% (=1-0.505^10) win chance bets.

So, you are just hoping you will never see a rare event happens (10 consecutive losses in this case).

Bitinity

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Quote from: crytoboost on October 15, 2016, 03:16:38 AM

Quote from: SilverPunk on October 14, 2016, 11:22:04 PM

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.

crytoboost

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Quote from: SilverPunk on October 14, 2016, 11:22:04 PM

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.

MWesterweele

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Quote from: hensi on May 15, 2014, 01:08:09 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?

Martiangale doesn't mean you are going to win big profit here sometimes when your luck is with you and it really amazing that you can win that stright the eagerness of playing with gambling is going to mkae more money because sometimes we are beeing to much greedy.

Noctis Connor

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Nope not for me but i think everyone has a technique on how they get the perfect bet and settings for this one for me sometimes i get 16 straight lose in the game and actually fail in the end i don't think so that this will recommended to use by anyone you will lose lots of money for sure.

Xenophoto

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Quote from: SilverPunk on October 14, 2016, 11:22:04 PM

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 .

That is certainly true if you have an infinite bankroll and the gambling site that you're playing in doesn't have a maximum bet amount. I think nobody has an infinite bankroll and all gambling sites have a maximum bet amount to avoid getting bankrupt by those big bettors. In reality, nobody actually has made money out of martingale. Maybe those who have stopped when they were still in profit. But if you continue to run it, eventually your bankroll cannot keep up with the bet amount.

SilverPunk

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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 .

RealPhotoshoper

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Quote from: Punggawa on October 14, 2016, 04:41:14 PM

I don't think martingale really works, I have my experience is not working for me in gambling
I've already used this strategy and dump! lost all my money in dice games.

the discussion about this martingale betting system will never end.
unless everyone say agree that doubling bets are the most dumb action in gambling.
as housed edge always against you and you always following what the house want and the result you bust in very short time.

upsidedown75

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Quote from: buddu on October 12, 2016, 06:19:46 AM

I would say martingale doesn't work for long session playing. You are going to be victim of your own strategy sooner or later as long as you are in game. There is only way of escape is make withdraw little or much doesn't matter. You need really few loosing streaks to reach the level where did you start from.

The only way martingale works is take the small bankroll and get merged with the bigger one, we gamblers take a small bankroll and start gambling and the sites have much big bankroll, hence our small bankroll is merged with the bigger one ( the site's bankroll ). Yes, martingale works in favor of gambling house always. There was no successful usage of it for me personally.

Punggawa

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I don't think martingale really works, I have my experience is not working for me in gambling
I've already used this strategy and dump! lost all my money in dice games.

crairezx20

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Quote from: agustina2 on October 14, 2016, 11:27:50 AM

Quote from: maxhor on October 14, 2016, 09:26:39 AM

Quote from: agustina2 on October 14, 2016, 08:52:32 AM

Quote from: naidray on October 14, 2016, 08:05:29 AM

When I first thought about that idea that wow when we loose we double and when we loose we keep same I felt that this strategy would make me a millioner but when I actually tried it yes it worked well and gave me some profits but eventually all the money along with profits was lost.

It will actually make us millionaire, let's say a person has a bankroll of $99999999999999999999 or it will take care all the doubles that will be lose but the gambling site itself won't make it happen since there is a betting limit to take care of that martingale type of betting.

So in those dice or slots game, never used martingale as it is not effective especially in a long run.

I also will do agree with you martingale can stop working any time when someone start thinking it's very profitable, even on slots and dice game too because it's really hard to get recover even with unlimited bankroll too, gambling sites have some limit for maximum profit and we will lost our money there.

Martingale is not appropriate when it used to dice and slots as house will kill you.

Much better if we use it on sports betting because it's proven to be effective than doing martingale in those slots and dice games.

Yeah i experience that martingale its not working in other activity but in sports betting its more chance to make a good profit in martingale in sports betting because its more chance to hit win than lose..

Whosdaddy

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Quote from: doraemon1 on October 12, 2016, 05:51:06 AM

If find that martingale works until it doesn't, once you have one bad streak you lose a lot. It is one of the better ways because of the reduced risk that the system provides but it is not perfect so there is still a chance that you will lose.

Well, the reason behind loosing with martingale is that the wins are base bets and when we loose the money is doubled and keep on getting doubled on loose so 8 wins = 0.0008 btc ( suppose min bet 0.0001 ) and on loosing 8 bets you will I am sure reach around 0.01 lost.

tee-rex

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Quote from: pratap11 on October 14, 2016, 05:48:27 AM

Quote from: newcripto on October 12, 2016, 07:20:41 AM

I will disagree with you on the point of big bankroll can help you win much money or can help martingale to make you profit in dice. I will say big bankroll means you are exposed to bigger loss since you can have even 20 or more loosing streaks and sites have also limits of rolling the dice of maximum amount. In theory it looks good and true but it is not practical solution in dice as general.

Yes i agree with you that big bankroll cannot help winning more money while using martiangle strategy with or even its a huge risk to take because bigger the bankroll bigger the chance of a huge loss and when you have a unlucky day surely you can loose all the money with this strategy no matter how much bigger is bankroll.

You should compare things in equal conditions and on the same footing.

If all other things are kept either the same or constant (for example, starting bet amount, total number of bets, etc), your chances of winning on a bigger bankroll actually increase for the simple reason that with a bigger bankroll you can withstand longer losing streaks. But longer losing streaks have obviously lower chances of occurring than shorter ones. Consequently, the losing streaks that would otherwise wipe your account clean with a smaller bankroll will not be fatal with a bigger one.

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