Does martingale really works? - page 39.

brendasmith982

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Quote from: vendetahome on June 12, 2015, 08:37:45 AM

Quote from: steven.G999 on June 12, 2015, 08:06:52 AM

I tried martingale on the new website(luckyballs.io) and it is working with a chance 81.8% and multiplier 1.21x Grin

of course its working for a few bets though if you would do it for a long time you would loose your whole balance, also shouldnt you do x5 as possibilty to win is 80 per cent?

5x is 80%? 80% win only gives 1.21x multiplier

vendetahome

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Quote from: steven.G999 on June 12, 2015, 08:06:52 AM

I tried martingale on the new website(luckyballs.io) and it is working with a chance 81.8% and multiplier 1.21x Grin

of course its working for a few bets though if you would do it for a long time you would loose your whole balance, also shouldnt you do x5 as possibilty to win is 80 per cent?

steven.G999

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I tried martingale on the new website(luckyballs.io) and it is working with a chance 81.8% and multiplier 1.21x Grin

siwakotisaurav

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Never try martingale, really slow earnings if you go safe(which is not safe after all considering things like Provably fair) and really fast earnings but really dangerous high base bets. My biggest lose was 0.05btc with martingale. Base bet from 1k(cause i don't like to go safe)

pooya87

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Quote from: jmurjeff on June 11, 2015, 03:50:46 PM

How often can you lose 10 times in a row? Or 20 times in a row with odds of let us say 49.5%.

it varies. mostly i lose 1-2 times in a row and after a while one 5-6 times comes and at the end there is a big 20 losing streak coming up that leaves me bankrupt Cheesy

xiionqz

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Quote from: JoelKatz on June 11, 2015, 11:19:09 PM

Quote from: xiionqz on June 11, 2015, 11:06:42 PM

martingale also have a risk
even though you have a lot of coin
its just a matter of time that you will hit 20+ lose in a row

That assumes that you keep betting until that happens. The most important thing about a progressive betting system is deciding ahead of time when you'll stop and understanding what your odds of losing are.

sometimes it will happen when you just start betting
everything is possible

XinXan

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Quote from: real789 on June 11, 2015, 11:33:27 PM

Quote from: elusive1 on June 11, 2015, 11:01:10 PM

Likely the top website in the world for casino and sportsbook odds explained. Here is a link for Martingale.

http://wizardofodds.com/gambling/betting-systems/

martingale have more potential win than flat hemmmm i like the fact about it

Well of course it has more potential if the bet size is the same but as you can see in the graphic it also makes you lose more and the ratio in the end its the same, you can read that a few lines after the graphic.

real789

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If you can't understand my post please report it

Quote from: elusive1 on June 11, 2015, 11:01:10 PM

Likely the top website in the world for casino and sportsbook odds explained. Here is a link for Martingale.

http://wizardofodds.com/gambling/betting-systems/

martingale have more potential win than flat hemmmm i like the fact about it

JoelKatz

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Democracy is vulnerable to a 51% attack.

Quote from: xiionqz on June 11, 2015, 11:06:42 PM

martingale also have a risk
even though you have a lot of coin
its just a matter of time that you will hit 20+ lose in a row

That assumes that you keep betting until that happens. The most important thing about a progressive betting system is deciding ahead of time when you'll stop and understanding what your odds of losing are.

orryde

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Re-Evolution

Quote from: xiionqz on June 11, 2015, 11:06:42 PM

martingale also have a risk
even though you have a lot of coin
its just a matter of time that you will hit 20+ lose in a row

Or be better if you have good feeling to use martingale maybe will likely get a bit lost

xiionqz

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martingale also have a risk
even though you have a lot of coin
its just a matter of time that you will hit 20+ lose in a row

elusive1

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Likely the top website in the world for casino and sportsbook odds explained. Here is a link for Martingale.

http://wizardofodds.com/gambling/betting-systems/

dooglus

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Quote from: Valanor on June 10, 2015, 01:39:17 AM

any 1 get Profit with martiangle ?
real profit not only calculation ?
Please share your SS

i want to try martiangle on Lucky dice

Here's a screenshot of martingale working for me on Satoshidice almost 3 years ago now:

That was the end of my Satoshidice playing - I nearly lost a bunch of BTC on that run and scared myself.

XinXan

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Quote from: jmurjeff on June 11, 2015, 03:50:46 PM

How often can you lose 10 times in a row? Or 20 times in a row with odds of let us say 49.5%.

To calculate such things you have to use this formula, lets say 50% to be easier, you take the loosing chance (50%) and divide it by 100 so 50/100 = 0.50 now for lets say 10 in a row you simply do 0.50 ^ 10 which is 0.0009765625 now you multiply that amount x 100 so ~ 0.098% or in other words 1 in 1000 approximately

arallmuus

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Quote from: Raimonn on June 11, 2015, 10:02:10 AM

Martingale works 100% only if you have infinite bitcoins, if not you can loose as much as you invest.

Theoretically yes it works with two conditions which one of it is infinite bankroll and the second one would be infinite bet amount .
The fact is that it is not possible to have an infinite bankroll and even if you have an "infinite" bankroll it will still not be possible to win by using it because all site has its own maximum win/ maximum payout which at the peak point your martingale will not be working because it exceed the maximum eligible amount

jmurjeff

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How often can you lose 10 times in a row? Or 20 times in a row with odds of let us say 49.5%.

mordekaiser

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Each time

Quote from: XinXan on June 10, 2015, 11:52:24 AM

Quote from: trafficolaa on June 10, 2015, 08:15:26 AM

Quote from: XinXan on June 10, 2015, 07:53:35 AM

Quote from: trafficolaa on June 10, 2015, 07:07:42 AM

Quote from: Valanor on June 10, 2015, 01:39:17 AM

any 1 get Profit with martiangle ?
real profit not only calculation ?
Please share your SS

i want to try martiangle on Lucky dice

For me with 90% win chance that strategy working on lose increase your base x10, big bankroll needed to play at any dice than you can get some slow profit, with that method i had almost double my deposited amount and took withdraw till now all in green Cheesy

Im just going to say this, the bigger your bankroll the bigger your loss will be and thats a fact, if you want to get profit fast, bet everything on 5% chance, if you win you get a lot of money if you lose, well at least you saved some time.

Well i have tried bets with different win chances but i think luck is on my side in these, my bankroll can resist up to 5 red streak in row with 90% chance and that is impossible to happen at any provably fair dice site, so that is easy profit in spare time at dice sites.

From the photo i see you are using 0.001 as initial bet, you said you can cover up 5 losses in a row meaning that you have a little bit more than 10 btc to gamble, it is true that 5 losses in a row at 90% is rare but impossible? Not even close. The odds are 0.001% ironically which is 1 in 100.000 so not even close to impossible, in fact its quite possible.

That 90% is about to bust, just saying...

If you think it works, it doesnt cause everyone would be spamming at 90%.

XinXan

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Quote from: Raimonn on June 11, 2015, 10:02:10 AM

Martingale works 100% only if you have infinite bitcoins, if not you can loose as much as you invest.

No shit sherlock, thank you for your great informational post..

Quote from: jason miner on June 11, 2015, 09:57:13 AM

yeah, "near 50/50 chance" means that it slightly favors the house. this is enough to make sure that the house comes out ahead of all of these schemes.

Yep but they have to be careful not to offer too low house edge or they might end up not profiting, one lucky guy who bets a lot of money can fuck up a casino that has a super low house edge, 999dice survived because they scammed, its obvious now, thats why they are the only (i think) 0.1% house edge casino.

Martingale would still not work at 0% house edge

Raimonn

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Martingale works 100% only if you have infinite bitcoins, if not you can loose as much as you invest.

jason miner

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yeah, "near 50/50 chance" means that it slightly favors the house. this is enough to make sure that the house comes out ahead of all of these schemes.

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