Does martingale really works? - page 77.

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Spearmint on August 12, 2014, 07:59:16 AM

Aslong as you got enough money and patience it usually works alright, but for me with out the patience and the money it hasnt worked wonders Cheesy

The enough money is usually infinite. It totally depends on the varience, whether you are going to hit a long streak within a period of time or not. In the long term, you should run out of money as the streak is probably going to be as long as 20-30.

Spearmint

member

Activity: 112

Merit: 10

Aslong as you got enough money and patience it usually works alright, but for me with out the patience and the money it hasnt worked wonders Cheesy

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Hfleer on August 12, 2014, 04:24:15 AM

Quote from: deisik on August 12, 2014, 02:53:45 AM

Quote from: Hfleer on August 12, 2014, 02:10:10 AM

Even with unlimited money, you can't kill a casino that uses the kelly criterion. You can simulate that with computers. (Casinos without limits is a different story)

With unlimited money you can buy the casino and then still kill it! Grin

Haha. Thinking outside of the box.

Still martingale never works. Not even in theory.

It may not work in theory, but could work out in practice... Wink

militiariko

member

Activity: 297

Merit: 10

Life is beautiful !

if you win. it just your luck. use martiangale or not. your fortune winning you at that time

rogerdonkey

full member

Activity: 154

Merit: 100

martingale sometimes work if u have many bitcoin

Hfleer

sr. member

Activity: 448

Merit: 250

Changing avatars is currently not possible.

Quote from: deisik on August 12, 2014, 02:53:45 AM

Quote from: Hfleer on August 12, 2014, 02:10:10 AM

Even with unlimited money, you can't kill a casino that uses the kelly criterion. You can simulate that with computers. (Casinos without limits is a different story)

With unlimited money you can buy the casino and then still kill it! Grin

Haha. Thinking outside of the box.

Still martingale never works. Not even in theory.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Hfleer on August 12, 2014, 02:10:10 AM

Even with unlimited money, you can't kill a casino that uses the kelly criterion. You can simulate that with computers. (Casinos without limits is a different story)

With unlimited money you can just buy the casino and then still kill it! Grin

Wendigo

legendary

Activity: 2604

Merit: 1036

I had a losing sequence of 17 bets over 50 so yeah it doesn't work in the long term.

Hfleer

sr. member

Activity: 448

Merit: 250

Changing avatars is currently not possible.

Even with unlimited money, you can't kill a casino that uses the kelly criterion. You can simulate that with computers. (Casinos without limits is a different story)

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: sidhujag on August 12, 2014, 01:24:44 AM

Quote from: deisik on August 11, 2014, 10:49:29 AM

Quote from: DannyElfman on August 09, 2014, 06:44:02 PM

Quote from: snuffish on August 09, 2014, 04:37:02 PM

I made from 0.3 -> 5 BTC in 10 hours with martingale on PrimeDice.
It were so freakin crazy.. that "ride" raised my total wagered to 113 BTC.

Then I cashed out and lost it all back 3 weeks later..

My highest bet were around 1.25 BTC.

Martingale is always a losing strategy in the long-run.. if you don't have unlimited money supply.

If you have unlimited money supply, why would you need "More" money? You already have unlimited.

What about the thrill to ruin the casino? Grin

Do you know who runs the big casinos?

No, I don't. But surely it doesn't matter much for him who has an unlimited supply of money... Grin

Holdaaja

legendary

Activity: 1274

Merit: 1000

It sure works.
If you have unlimited funds and casino has no bet limits.
Otherwise not for long, usually.

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: deisik on August 11, 2014, 10:49:29 AM

Quote from: DannyElfman on August 09, 2014, 06:44:02 PM

Quote from: snuffish on August 09, 2014, 04:37:02 PM

I made from 0.3 -> 5 BTC in 10 hours with martingale on PrimeDice.
It were so freakin crazy.. that "ride" raised my total wagered to 113 BTC.

Then I cashed out and lost it all back 3 weeks later..

My highest bet were around 1.25 BTC.

Martingale is always a losing strategy in the long-run.. if you don't have unlimited money supply.

If you have unlimited money supply, why would you need "More" money? You already have unlimited.

What about the thrill to ruin the casino? Grin

Do you know who runs the big casinos?

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: DannyElfman on August 09, 2014, 06:44:02 PM

Quote from: snuffish on August 09, 2014, 04:37:02 PM

I made from 0.3 -> 5 BTC in 10 hours with martingale on PrimeDice.
It were so freakin crazy.. that "ride" raised my total wagered to 113 BTC.

Then I cashed out and lost it all back 3 weeks later..

My highest bet were around 1.25 BTC.

Martingale is always a losing strategy in the long-run.. if you don't have unlimited money supply.

If you have unlimited money supply, why would you need "More" money? You already have unlimited.

What about the thrill to ruin the casino? Grin

Predict27

member

Activity: 66

Merit: 10

Quote from: guizai on August 11, 2014, 07:08:05 AM

martingale dont not really work on long run.. just need to know when to stop and dont be greedy

Agree, especially if you are willing to use martingale system in online casino, you can lost 20 more times in a row so don't even try It, and in a short run yes you can win so when you made some profit leave.

guizai

member

Activity: 82

Merit: 10

martingale dont not really work on long run.. just need to know when to stop and dont be greedy

militiariko

member

Activity: 297

Merit: 10

Life is beautiful !

somebody says if we play much will loss much and vice versa. with martingale or not

waterpile

hero member

Activity: 602

Merit: 500

martingale will fail you. I've used that when i start gambling and it only busts me in the end

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: snuffish on August 09, 2014, 04:53:45 PM

Yea, but in "theory" martingale would work if you have a unlimited money supply. But not on PrimeDice Tongue

Martingale only works if you have unlimited money AND no house limit. Since every reputable casino has a house limit, having infinite money isn't enough!

DannyElfman

sr. member

Activity: 406

Merit: 250

Quote from: snuffish on August 09, 2014, 04:37:02 PM

I made from 0.3 -> 5 BTC in 10 hours with martingale on PrimeDice.
It were so freakin crazy.. that "ride" raised my total wagered to 113 BTC.

Then I cashed out and lost it all back 3 weeks later..

My highest bet were around 1.25 BTC.

Martingale is always a losing strategy in the long-run.. if you don't have unlimited money supply.

If you have unlimited money supply, why would you need "More" money? You already have unlimited.

Also, no, even then, the expected value is still negaive.

PacoMartin

member

Activity: 70

Merit: 10

Quote from: snuffish on August 09, 2014, 04:53:45 PM

Yea, but in "theory" martingale would work if you have a unlimited money supply.

It's really a mathematical question, but it wouldn't work "in theory". "In theory" if you had an unlimited money supply, then "in theory" your losing streaks could be infinitely long.

Martingale doesn't make the odds any better, nor do they make them any worse. The problem with it is it encourages you to divide up your bankroll into the smallest possible bits. That is bad because it makes it harder to accomplish a given objective (say to double your bankroll).

Just Dice had a martingale player win an unprecedented 32 times in a row. "In theory" those odds are comparable to winning the Mega Millions Jackpot. But he won less than 5 cents because he was playing martingale.

Topic: Does martingale really works? - page 77. (Read 123303 times)