Topic: Does Martingale Work? (Read 1417 times)

Martingale works for a short time only if you are lucky. But in the long run you will end up losing your bankroll. It happened to me lot of times already in different coins, tries gambling with alt coin to have longer roll however in the end i keep seeing red train until it eats all of my coin.

Read OP before posting! Its not "what you think about martingale". Its "martingale DOES NOT WORK HERE IS PROOF". And it does not work for any amount of money. In fact the more money you have the lower probability of doubling you have. Martingale decrease probability of doubling compared to betting everything on red and going home.

I am glad you added the clause, have enough money if you must use the martingale strategy. This is what most gamblers won’t do, they only mention that the strategy works very well but they won’t state that it is important to have plenty of money.

I think it’s not for player like me who play for fun because I don’t play with much money, I see gambling as fun and I play with very little amount I can easily afford to lose and I believe there are other days to play again, playing with huge money one day and pausing for the next days or months ahead is not so nice, so I would rather play little by little daily for months.

I admire those gamblers who told that it has been effective to them, I'm not sure if I'll believe them and what they say is true.

But it has never been effective to me, to be honest.

Most of us feels that way, martingale as it is will bring something to a lucky gamblers but not for everyone, mostly it will just ends up nothing and let you lose unmeasurable amount of money thinking that it will bring you something if you have a larger funds, lets be real and enjoy the essence of gambling, avoid trying this method thinking that it will bring you decent earnings, still luck and whatever strategy you have you need lots of luck to win over the house.

That is the usual gambler and how they usually think about this strategy but I think Martingale is a really good strategy as long as you are using it in the good game. I am a gambler and I usually play dice games, in that statement, if you are using martingale you should be able to have a good amount of money to gamble. If you don't have enough, better stop quickly. I also bet on sports gambling and I usually use Martingale there not only when I lose but also when I win, for me, it is really great.

Sports betting is much worse to do Martingale on because the games are less predictable and the odds will likely be much higher unless you're betting on something that is 50/50. Sounds like you were probably just trying to chase your losses really. As others have said, there's no real method to winning other than being a good gambler and there are professional ones out there that make a living from doing so but you still need a bit of luck ultimately but if you're smart and know your sports you can probably be in net profit over time but I wouldn't ever look to gambling as a career because you could easily bankrupt yourself and there is certainly more losers than winners when it comes to making money from gambling overall.

Although I'm feeling lucky, I don't think that this has been so effective to me. 

Don’t be deceived mate, I don’t think anyone would be generous enough to give you all the details and strategies to winning, if it exist that means all casino sites would have been closed up by now. I have always mentioned that martingale is not  as effective as it is been portrayed. I cannot begin to recount all the losses I made using the method, that was when I knew it was overhyped.

My strategy for you is to just try to be you in the game and lay for fun. Don’t commit too much money when playing and slowly and steadily you will someday become a millionaire and hope you remember me when this happens lol.

There are winning strategies or there would be no casinos left in business.   Anything telling you otherwise is a scam or an exploit.  Martingale can be very appealing.  People often think it works after testing it out because it can take a very long time to hit one of those big losing streaks.  You don't think hitting red 15 times in row will happen, but believe me it will.  So the same thing applies to dice games.

Another miserable lost, I can't really escape on using this martingale thing. Now it's on Windice, have played with mBTC and almost won a thousand. I really can control my greediness 😂😂😂

Damn Martingale, I hope you didn't exist

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Somebody teach me another way of winning strats? Will owe you one if I became a Millionaire 

I've tested various of community ideas. Like betting on red only after combo of 3 black in a row appear. Or tripling after lost bet instead of doubling and many more. All inside this topic.

F.e.
https://bitcointalksearch.org/topic/m.49864179

At the end its all about nr of bets:
The more you play the more you loose and the less probability of winning you have.
Optimal strategy is to bet all your money in one go and go home with 0 or profit.

It does work but it depends on how lucky you are though.  

Some says it work in sport betting but I have tried it myself and it didn't work there either, before I knew it I was bankrupt ,I had little balance to try but choose ten single games with odd 2.1 and had 10 lost bets.Even if I continued maybe I would have won but still the amount won would only be the double of the initial bet which is not a big sum.

Martingale works until it doesn't and that's when you run out of money in your bankroll. I actually have a funny story about this. When I first started gambling with bitcoin on PrimeDice I literally thought I'd come up with this exact strategy where you double your bet every-time you lose so you would always win your money back if you lost. It kept on working for a few hours and I was up from something like $300 to over $1000. I told my friend about this winning strategy I'd come up with and he's like that's MartinGale you idiot LOL. Anyway, needless to say I kept gambling because I couldn't believe my luck and it was like I was printing money especially since I kept winning and never had any huge losing streaks, then out of no where I lost it all within a matter of minutes after like 15+ losses in a row. Lesson learned.


Sorry if I've misunderstood, but did you stick to one outcome or change it for example if betting on roulette you stick to black all the time? I'm no mathematician but I've always thought that there must be some way to expand your chances of winning with Martingale, but then if there was I'm sure a smarter guy than me would have cleaned the casions out by now. When I was gambling I never changed the higher or lower and kept the odds at the default of whatever it was so it was nearly 50/50 (minus house edge) and just kept going but I'm sure there are better ways at doing it.

Then maybe you need to gamble without thinking about profit so you can feel the happiness inside the games. So far, I can feel the fun things in the gambling games because I don't think about the profit besides that, I can know when to stop the game. That will help you to enjoy the game, and it's better you realize this before you are making a big loss without you know.

that's strange . i also used martingale for a long time but its feel the same . i dont feel any happines with or without martingale and any other methods  . maybe because im only foccusing too much on the prize  because im a kind of gambler that only plays for the profit  .  i have other ways to do if i want to have fun  .


but luck is still matter the most even if you are already using a method/martingale  . that is the effect of using a strategy ,  your brain thinks that the game has some kind of a pattern involved but actually its purely random  .

It is nice information you have provided in those pictures. It helps a lot in understanding if it does work. I think it does work but not always. It works when you are having luck in your favor. And even if it does work, you cannot win as much as you have lost. Though it is proved that martingale helps recover the net loss over a period of time, the house’s edge is always more than what you could win in the game.

In my experience, martingale had worked for me to gain some entertainment. Before I was dicing without any strategy and purely believing into my luck but after getting aware of martingale I started to gamble with some calculated way. Still, I am not making money but I do found that I can easily pass my leisure time in a thrilled way. Yes, Martingale strategy worked for me to gain different entertainment with my usual dicing.

Martingale is just a way to limit the loss. With this strategy it isn't assured that the loss will be minimized. Here too it has got the possibility for losing. Also it is clear that martingale strategy too cannot assure to win the house edge, upon which it is just a way to minimize loss not a success strategy.

There are sites that allow such strategies. Anyway, to be able to succrssfully apply maryingale, you have to have a huge amount for a capital. And if it's digital gambling you're using this with, you may be surprised that the longer you play the longer your losing streak gets.