Does martingale really works? - page 45.

pooya87

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Quote from: shanem on June 01, 2015, 08:52:08 AM

Quote from: pooya87 on June 01, 2015, 08:48:55 AM

Quote from: Joca97 on May 31, 2015, 09:04:21 AM

There is a saying,go big or go home,thats what im doing

if you leave on your pc also all day,house edge will eat you at some point

yes , exactly. i used to use martingale before when i started gambling bitcoin but is you start small, you will never get to a considerable profit. and after the loosing streaks start to happen, then you suddenly see all your money is gone since you double the bet every time!

if you bet with any other method at least you can have the fun and win big Wink

Martingale is just way to re-assure yourself that you can't keep losing with the same bet at 50% chance.
This is dice. It is not impossible to to lose 10 times in a row.

but it is not guaranteed that you will win after 10 losses in a row, you might go on losing after that too. i've had near 20 losses in a row back when i was using martingale method to gamble.
and every lose doubles your total loss and eventually you either lose all your deposit or you need a very very deep pocket to win back all your losses.

neoneros

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I can draw your avatar!

It is indeed better to set your own goals and limits and make sure you know when to stop. Make sure you know the maximum loss you can have and try your luck, make it an amount you would not care to lose anyway, so you can try to win big numbers, or if all is lost, no bad feelings. relying in systems only works if the system is flawless. But casino's would not thrive and be profitable to exploit if the system was flawless. In a way it is flawless, the house edge makes it the casino always wins! It is more fun and less frustrating when you have your automated system lose big, you blame the system or the one inventing it. The problem is with you, being gullyble enough to believe it might work.

shanem

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Quote from: pooya87 on June 01, 2015, 08:48:55 AM

Quote from: Joca97 on May 31, 2015, 09:04:21 AM

There is a saying,go big or go home,thats what im doing

if you leave on your pc also all day,house edge will eat you at some point

yes , exactly. i used to use martingale before when i started gambling bitcoin but is you start small, you will never get to a considerable profit. and after the loosing streaks start to happen, then you suddenly see all your money is gone since you double the bet every time!

if you bet with any other method at least you can have the fun and win big Wink

Martingale is just way to re-assure yourself that you can't keep losing with the same bet at 50% chance.
This is dice. It is not impossible to to lose 10 times in a row.

pooya87

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Quote from: Joca97 on May 31, 2015, 09:04:21 AM

There is a saying,go big or go home,thats what im doing

if you leave on your pc also all day,house edge will eat you at some point

yes , exactly. i used to use martingale before when i started gambling bitcoin but is you start small, you will never get to a considerable profit. and after the loosing streaks start to happen, then you suddenly see all your money is gone since you double the bet every time!

if you bet with any other method at least you can have the fun and win big Wink

Coef

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Exhausted

Quote from: steven.G999 on May 31, 2015, 10:48:32 AM

Quote from: Xialla on May 31, 2015, 08:16:56 AM

Quote from: steven.G999 on May 31, 2015, 08:15:20 AM

martingale really worked for me but I usually stop when getting to a profit of 50% because if continued surely eventually lost

this.

for short term it somehow works but in long-term you will loose just because you don't have infinite funds.)

yes right, I usually play with capital 0.01BTC not too much. just take advantage 0.005-0.01BTC.

If your target is to get a profit of 50%, it is better to play one single x1.5 bet than to play thousands of martingale bets as you will have a better chance to make it.

Assuming the site has 1% house edge, you have 66% chance to win a x1.5 bet.
On the other hand, if you play with martingale and set your base bet as 1 satoshi, you will be busted with 20 consecutive losses. The chance to win 1 satoshi is 1-0.505^20 = 0.9999988363361 and the chance to win 0.005 btc is 0.9999988363361^500000 = 55.887%.

adaseb

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Quote from: steven.G999 on May 31, 2015, 10:48:32 AM

Quote from: Xialla on May 31, 2015, 08:16:56 AM

Quote from: steven.G999 on May 31, 2015, 08:15:20 AM

martingale really worked for me but I usually stop when getting to a profit of 50% because if continued surely eventually lost

this.

for short term it somehow works but in long-term you will loose just because you don't have infinite funds.)

yes right, I usually play with capital 0.01BTC not too much. just take advantage 0.005-0.01BTC.

Yeah I used to do something similar but no matter do you bet small or large, eventually you will get into a huge losing streak and lose more then you've won.

steven.G999

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Quote from: Xialla on May 31, 2015, 08:16:56 AM

Quote from: steven.G999 on May 31, 2015, 08:15:20 AM

martingale really worked for me but I usually stop when getting to a profit of 50% because if continued surely eventually lost

this.

for short term it somehow works but in long-term you will loose just because you don't have infinite funds.)

yes right, I usually play with capital 0.01BTC not too much. just take advantage 0.005-0.01BTC.

Grand_Voyageur

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Quote from: arallmuus on May 31, 2015, 08:48:41 AM

Quote from: BTCevo on May 31, 2015, 06:44:48 AM

There will be no pure luck and no pure strategy

Indeed there is no. that is a why a "strategy" exist. Basically it will help you in reducing the chance for the you to lose which martingale is one of it but do note that there is no "winning strategy".
The bolded part is for clarification , most people do think that martingale is a winning strategy and complain later on if they are busted. The same thing for any other strategy known there. For more logic reason, casino is created with edge which means that player will mostly lose

+1. As anyone with common sense could argue, There is no such thing as a free lunch and if a winning strategy would really exist in our world we would already have got a plenty of bags of free money for everybody. Actually, the only sensible choice is to be casino (or to be invested in one of such establishments) to earn a share of profit. However, everyone should bear in mind that bigger gains are double linked to big risks and big risks lead to big losses. Again, There is no such thing as a free lunch!

Quote from: jjacob on May 31, 2015, 09:07:52 AM

Quote from: steven.G999 on May 31, 2015, 08:15:20 AM

martingale really worked for me but I usually stop when getting to a profit of 50% because if continued surely eventually lost

With Martingale, you are supposed to stop when you get to a profit.
And then start over again, with the lowest possible bet.

+1. Do it for the fun, not for the money, and always bear in mind that There is no such thing as a free lunch!

jjacob

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Quote from: steven.G999 on May 31, 2015, 08:15:20 AM

martingale really worked for me but I usually stop when getting to a profit of 50% because if continued surely eventually lost

With Martingale, you are supposed to stop when you get to a profit.
And then start over again, with the lowest possible bet.

Joca97

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Quote from: pooya87 on May 31, 2015, 08:26:25 AM

Quote from: SyGambler on May 31, 2015, 03:35:35 AM

Quote from: Joca97 on May 31, 2015, 02:06:35 AM

Quote from: catena5260 on May 30, 2015, 06:29:34 PM

Quote from: real789 on May 29, 2015, 07:47:21 PM

Not perfect work
we need more capital to try that

I try in primedice for 1 satosi martiangle I lose 0.1BTC
in 999dice and freebitcoin (multiple) I try martiangle too but iam still lose

lost 0.1 BTC martigaling with 1 satoshi base?

sorry for your bad luck Sad

sdçl lçad a oqwṕeknc cak

Was your odd 2.00 ? if you increased like that i still dont know what profit you get,just dust,but you can lose really much,better if you risked it then going 1 satoshi bets

it's not about the profit Joca
there are some people think that the martinagle is the cash machine
when I started playing dice I thought the same way
so yes even if u r betting 1 satoshi and turning on your PC all the day this will combine
but of course the universe doesn't work like that Grin

i think if you are going to leave your PC on all day long and leave the betting going from 1 satoshi, even if you win all the time and not lose all your winnings+profit in one roll; the price that you are going to pay for electricity is going to be much higher than your winnings.

i find risking high amounts more ammusing and rewarding, you know it is all in the thrill of risking to win big time Cheesy

although you might lose big time too Wink

There is a saying,go big or go home,thats what im doing

if you leave on your pc also all day,house edge will eat you at some point

arallmuus

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Quote from: BTCevo on May 31, 2015, 06:44:48 AM

There will be no pure luck and no pure strategy

Indeed there is no. that is a why a "strategy" exist. Basically it will help you in reducing the chance for the you to lose which martingale is one of it but do note that there is no "winning strategy".
The bolded part is for clarification , most people do think that martingale is a winning strategy and complain later on if they are busted. The same thing for any other strategy known there. For more logic reason, casino is created with edge which means that player will mostly lose

pooya87

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Quote from: SyGambler on May 31, 2015, 03:35:35 AM

Quote from: Joca97 on May 31, 2015, 02:06:35 AM

Quote from: catena5260 on May 30, 2015, 06:29:34 PM

Quote from: real789 on May 29, 2015, 07:47:21 PM

Not perfect work
we need more capital to try that

I try in primedice for 1 satosi martiangle I lose 0.1BTC
in 999dice and freebitcoin (multiple) I try martiangle too but iam still lose

lost 0.1 BTC martigaling with 1 satoshi base?

sorry for your bad luck Sad

sdçl lçad a oqwṕeknc cak

Was your odd 2.00 ? if you increased like that i still dont know what profit you get,just dust,but you can lose really much,better if you risked it then going 1 satoshi bets

it's not about the profit Joca
there are some people think that the martinagle is the cash machine
when I started playing dice I thought the same way
so yes even if u r betting 1 satoshi and turning on your PC all the day this will combine
but of course the universe doesn't work like that Grin

i think if you are going to leave your PC on all day long and leave the betting going from 1 satoshi, even if you win all the time and not lose all your winnings+profit in one roll; the price that you are going to pay for electricity is going to be much higher than your winnings.

i find risking high amounts more ammusing and rewarding, you know it is all in the thrill of risking to win big time Cheesy

although you might lose big time too Wink

Kiritsugu

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In my experience, martingale only works in short bursts, not in the long-term. Increase your bet a few times until you profit, then quit while you're ahead. I've never been too keen on using martingale, but I should probably use it more often.

Xialla

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/dev/null

Quote from: steven.G999 on May 31, 2015, 08:15:20 AM

martingale really worked for me but I usually stop when getting to a profit of 50% because if continued surely eventually lost

this.

for short term it somehow works but in long-term you will loose just because you don't have infinite funds.)

steven.G999

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martingale really worked for me but I usually stop when getting to a profit of 50% because if continued surely eventually lost

real789

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If you can't understand my post please report it

Quote from: Joca97 on May 31, 2015, 02:06:35 AM

Quote from: catena5260 on May 30, 2015, 06:29:34 PM

Quote from: real789 on May 29, 2015, 07:47:21 PM

Not perfect work
we need more capital to try that

I try in primedice for 1 satosi martiangle I lose 0.1BTC
in 999dice and freebitcoin (multiple) I try martiangle too but iam still lose

lost 0.1 BTC martigaling with 1 satoshi base?

sorry for your bad luck Sad

sdçl lçad a oqwṕeknc cak

Was your odd 2.00 ? if you increased like that i still dont know what profit you get,just dust,but you can lose really much,better if you risked it then going 1 satoshi bets

Yes odd 2.00 also i try 4.00 with increase 50% if i lose start at 2satosi

BTCevo

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Quote from: vendetahome on May 31, 2015, 05:01:27 AM

Quote from: DiamondCardz on May 31, 2015, 04:34:54 AM

Of course everyone thinks martingale is an amazing tactic, but they forget that due to its nature you will experience exponential growth of your wager, and once your wager is like 25x times your starting bet you will feel the heat. It's not a fun tactic to use for more than a minute.

with some luck martingale can give you chance to multiply your funds fast so i dont think its a bad strategy if you know how to use it

But how are you going to get this luck? How are your going to play with this method if in the end you are always in lose. There will be no pure luck and no pure strategy it depends on how are you going play it anyway so being luck just can't give you back what you have lost. The eager to win the lose you got. That is what gambling is

DiamondCardz

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Quote from: vendetahome on May 31, 2015, 05:01:27 AM

with some luck

All betting strategies work "with some luck" because gambling is literally a hobby that requires just that - luck.

Quote from: vendetahome on May 31, 2015, 05:01:27 AM

martingale can give you chance to multiply your funds fast so i dont think its a bad strategy if you know how to use it

There is no way for someone to correctly "use" martingale, you either martingale or you don't. All gambling strategies can multiply your funds fast, that's because you're gambling. Your points apply to all gambling methods equally.

vendetahome

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Quote from: DiamondCardz on May 31, 2015, 04:34:54 AM

Of course everyone thinks martingale is an amazing tactic, but they forget that due to its nature you will experience exponential growth of your wager, and once your wager is like 25x times your starting bet you will feel the heat. It's not a fun tactic to use for more than a minute.

with some luck martingale can give you chance to multiply your funds fast so i dont think its a bad strategy if you know how to use it

DiamondCardz

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Of course everyone thinks martingale is an amazing tactic, but they forget that due to its nature you will experience exponential growth of your wager, and once your wager is like 25x times your starting bet you will feel the heat. It's not a fun tactic to use for more than a minute.

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