Topic: Does Martingale Work? - page 4. (Read 1417 times)

That's a very smart answer mate , if you have unlimited money you don't need to gamble anymore lol. martingel works if you're
lucky dude. how much your capital, you can lose 10 times in a row, so luck is still needed in this strategy

And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life   

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And all types of strategies simply destroy fun.

And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life   

No one would risk $100 million in order of winning $1 per bet, even if it was $1 per second. I know, people do crazier things sometimes, but no one in his/her right mind would do that. Gambling is supposed to be for recreation, and constant winning (like in the case of martingale with unlimited bankroll) shouldn't be anyone's goal. Firstly, because there is no such thing as "unlimited bankroll". Secondly, because you can think that your bankroll is big enough and lose it all. And thirdly because martingale only makes you stressed, there's no fun in playing with that strategy.

No one would risk $100 million in order of winning $1 per bet, even if it was $1 per second. I know, people do crazier things sometimes, but no one in his/her right mind would do that. Gambling is supposed to be for recreation, and constant winning (like in the case of martingale with unlimited bankroll) shouldn't be anyone's goal. Firstly, because there is no such thing as "unlimited bankroll". Secondly, because you can think that your bankroll is big enough and lose it all. And thirdly because martingale only makes you stressed, there's no fun in playing with that strategy.

~Because some of gamblers (out of 1000) hit killing strike loosing 100 000 000 $ (with initial bet equal to 1$). So martingale is worst strategy even for those who has crazy big porfolio and are into gambling only for fun.

And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life  

The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing.

Good work OP I gave you merit for that. I knew that was the case but never did proper work to prove it. I tried martingale on a very low bank and very low bet making it possible to lose at least 15 times before going bust and it never worked. I was surprised by the time it took me to lose. It didn't even take an hour for me to hit a 10 losing streak but I don't think that I got a 15 times winning streak. I always thought that casinos are rigged to weed out martingale players but your program proves that they don't even have to be. The player will bust himself anyway.

I've started to learn to code and one of my first programs was Martingale test.

Assumptions:
1- after every lost bet i double
2- after every win bet i go back to initiation bet
3- initiation bet is 1 $
4- when i can't afford for next bet i exit casino with money i have left
5-I do 100 000 test
6- After every win limit is increased by winning amount.


First test with limit of 1000$ (1000 times oryginal bet) - I think that its amount that most of Martingale enthusiasts enter casino (1000 times more money than single bet).


Average gambler was in casino for 4.8 days and was loosing 10.21 $ per hour. The Richest gambler achieved 446 k $ after 5 years in casino - day by day 8 h a day.

Let's test 1 000 000 times original bet (my pc was calculating it for too long so i set nr of test for 10 000 - i think that its enough to get satisfying results)



Again loss. 20$ per hour on average. Average gambler survived 1 mil rolls and exit with 570 000$. The Richest gambler spent 28 years in casino and tripled money - he was not zeroed. He reached limit of rolls set by me to avoid infinite loop. 28 years is in fact maximum for human to spend in casino (btw. tripling in 28 years. Inflation is bigger ).

Well. Maybe strategy was to hardcore - playing untill death and taking what's left. Let's say that you would quit after doubling money or go home with 0. I code that too to see what the chances are.

Lets start easy. We enter casino with 500$ and want to exit with 1000$



Only 39% of them doubled money. Its less than if they enter casino and bet everything on red (~48%).

500$ is too small?

Lets start with 1 000 000 $ again.



Loss again. Even worst - 27% chances to double. That's because with higher limit you have to earn more to double. This simulation shows that Martingale simply don't work and is worse than betting everything on red and going home. Gambling should be considered as fun with luck. Every strategy would destroy you and your brain. Go, bet earn/loos have fun but don't thing that with special strategy you have chance to win repetitively and earn for living. Well you can but due to luck ... net math and strategy.

At the end i'll post few result.



I can share my code but i bet you can all write it by yourself. Its easy after few days of learing. That way you can simply test every possible strategy for free.

Yes I confirm
Tested twice yesterday with a big deep stake.
As you say an uncredible serie has ever come. Then broke...

I was amazed by this strategy a few years ago when I online casinos where advertised so heavily and offered a lot of high no deposit bonuses.

Like I said I have never won in the end using martingale strategy.

Every time there was a moment when after hours of play I got 7 times 0 in a row or 16 times black or red with 0 in between.

I see people are writing that if you have big bankroll you can be successful with this strategy. No, you don't.

You will lose all in the end when such a moment comes as described above.

Yep. Just like in my simulation. Even having 1 000 000 times initial bet is not helping. In fact inceasing amount of money decrise propability of double.

39% with 1000 times oryginal bet and 27% with 1 000 000 times oryginal bet and 47% with put all on red strategy in 1 roll. This strategy will alwais kill you in longer period and in shorter you only hope that killing combo won't start with next bet.

exactely. the worst serie I have had was 5 times red. but with my bad money management it was enough to be broke.

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If that's the case, then you're already being cheated mate. there's no way you can have such the same colour over and oover again unless you're doing something on it or maybe already done something to it.

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how many times have you seen a non-interrupted series of 10 red as example?