Does Martingale Work? - page 6. | Bitcointalksearch.org

Tytanowy Janusz

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Quote from: wwzsocki on February 24, 2019, 01:02:48 PM

Never worked for me.

No matter how big my stake was always finally I was drained empty.

There will be such a moment that there will be 16 or 20 reds in the row or 7 times 0 one after another and your money will be gone.

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.

gribble

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No in my personal experienced due to it needed alot of money so the martingale does not work for me, i choose other strategy in gambling games than using martingale and it is not needed alot of money, my strategy of gambling is to be house on eosbet it give me passive income although it is just little of money but at least it worked than martingale strategy in gambling games.

Questat

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Quote from: coinplus on February 25, 2019, 01:32:56 AM

Quote from: Questat on February 25, 2019, 12:02:59 AM

in short that means it's impossible to win using martingale since no one has unlimited bankroll.
Clearly gambling sites has bigger bankroll compared to gamblers and they are in control of the rules of the game, so they will make sure the favor is on them.

Are gambling houses using martingale while we are gambling against them ? I do not think so.

I never said thy are using a martingale strategy, I only said they have bigger bankroll so we cannot beat them as gamblers
does not really put a big bankroll but we just want to win big. We like to use martingale to win but we can never have that, the site might put a limit
so even if you have a unlimited bankroll, you cannot beat their system, they know what they are doing.

coinplus

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Quote from: Questat on February 25, 2019, 12:02:59 AM

in short that means it's impossible to win using martingale since no one has unlimited bankroll.
Clearly gambling sites has bigger bankroll compared to gamblers and they are in control of the rules of the game, so they will make sure the favor is on them.

Are gambling houses using martingale while we are gambling against them ? I do not think so. I believe they do not need any strategy but a defensive mechanism is enough. It means they do not need an unlimited nor a big bankroll to beat us. In short, they are not not at all playing but they are accommodating us to gamble within them.

Practically houses are having big bankroll than any gambler at any given time then it will be possible to win using martingale after having a big bankroll than the house ? I mean some sites are opening showing their bankroll stats then if we deposit bigger money than that, it will be possible to beat the house ? I guess at that time, martingale will produce 1000+ continuous losing streak also Roll Eyes

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Questat

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Quote from: alexrossi on February 24, 2019, 03:25:29 PM

Quote from: vennali on February 20, 2019, 06:18:50 AM

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.

Merit sent! Imho that's the only real answer, and in my experience using martingales just slow down an eventual zero balance, but in no way attenuate the pot. loss

He is right, in short that means it's impossible to win using martingale since no one has unlimited bankroll.
Clearly gambling sites has bigger bankroll compared to gamblers and they are in control of the rules of the game, so they will make sure the favor is on them.

alexrossi

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Quote from: vennali on February 20, 2019, 06:18:50 AM

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.

Merit sent! Imho that's the only real answer, and in my experience using martingales just slow down an eventual zero balance, but in no way attenuate the pot. loss

akram143

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Basically I don't have any confidence about following Strategies for gambling because strategies will not be useful for gambling so I don't trust any other strategy will work here to get the profit more higher.

wwzsocki

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Never worked for me.

No matter how big my stake was always finally I was drained empty.

There will be such a moment that there will be 16 or 20 reds in the row or 7 times 0 one after another and your money will be gone.

crwth

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The experiment is a great way to share and proving that Martingale doesn't work every time. Like some parts that you included, it's only up to a percent where people come home victorious and a lot more who lost. Maybe it's safe to say that you could still do it but expect the worst. I know people who use it in trading also.

JohnBitCo

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Quote from: xvids on February 24, 2019, 06:46:41 AM

Martingale would also burn you out if you don't know how to control yourself,
Yeah martingale could give you profit but it doesn't guarantee that you wouldn't lose,
You must set some limits to know when to stop.

Martingale may give you some profit but to know when to stop is a universal rule which every gambler must follow if they want to be in the safe zone.

Quote from: ?? on ??

Quote from: Vaculin on February 24, 2019, 07:45:48 AM

martingale is actually very risky to newbie gamblers as they could end up losing their entire bankroll and it can happen in an instant. I am not against on this strategy but I wouldn't promote this one.

Well, every methods in gambling are risky, even me, I was once a victim of that method and what it gives is just a zero balance on my account. Though I'm not worried for losing that money, what I'm really worried is making it happen twice. Tongue

I just hope martingale also burns my fats even with my money Cheesy

I have never heard that anyone has won big on martingale strategy however it can be tried in few occasions.

Vaculin

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Quote from: xvids on February 24, 2019, 06:46:41 AM

Martingale would also burn you out if you don't know how to control yourself,
Yeah martingale could give you profit but it doesn't guarantee that you wouldn't lose,
You must set some limits to know when to stop.

Same with other method, martingale is just a bankroll management but it does not improve your winning chance, that's the thing
every gambler has to understand, martingale is actually very risky to newbie gamblers as they could end up losing their entire bankroll and it can happen in an instant. I am not against on this strategy but I wouldn't promote this one.

xvids

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Martingale would also burn you out if you don't know how to control yourself,
Yeah martingale could give you profit but it doesn't guarantee that you wouldn't lose,
You must set some limits to know when to stop.

Ipwich

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Quote from: Naida_BR on February 22, 2019, 10:29:24 AM

Quote from: perla on February 21, 2019, 09:09:03 PM

If people ask does martingale work? Of course it works. But if the question is martingal give profit constantly? i will answer big no. Because like people said about unlimited capital, you wouldn't know when bet site took all your money in 1 click.

Martingale is a tool for casinos in order to make more money and promote that "The house always wins".
If you read some statistical surveys you will understand that as much as you play you are more vulnerable in losing your funds. Martingale promotes this statistical model and shows that it doesn't work at least in a long term period.

The martingale will destroy your bankroll because you are increase your bets, it's risky compared to flat betting.
However, I don't agree with your statement that it was promoted by casino to make more money, even before crypto casino
is invented, the martingale method was already here, the difference is in a casino, there's a house edge so no strategy would work.

Naida_BR

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Quote from: perla on February 21, 2019, 09:09:03 PM

If people ask does martingale work? Of course it works. But if the question is martingal give profit constantly? i will answer big no. Because like people said about unlimited capital, you wouldn't know when bet site took all your money in 1 click.

Martingale is a tool for casinos in order to make more money and promote that "The house always wins".
If you read some statistical surveys you will understand that as much as you play you are more vulnerable in losing your funds. Martingale promotes this statistical model and shows that it doesn't work at least in a long term period.

Caladonian

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Quote from: el kaka22 on February 22, 2019, 04:29:54 AM

Quote from: Ipwich on February 21, 2019, 10:44:05 PM

We only need to know if it's profitable or not and there's no reason to discuss this method if this would not give us a profit based on expectation.

There would be plenty of reasons to discuss regardless of martingale will give us profits or not. On both the cases we must need to enlighten this community and definitely not on only on the case of profit making. I mean even it will not be profitable, we must need to enlighten this community to avoid wasting time and energy, which is the core reason why this community is here and working hard.

Like many gambler's review, martingale will be profitable for short term and when we keep pushing we may face long continuous losing streaks which may enforces us bankrupted. Use martingale for manual betting across accounts and sites. You may find yourself profitable.

An open discussions basing from one gamblers experienced to another, we do have different positions but one thing in common, we all knew the
end effects when using it in the long process, this test simply gives an idea for newbies that still thinking to use this method, giving them possible
outlook by providing each of us points and opinions.

Experienced will determined what can be the end results from different people who's going to use this method.

cryptovigi

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Quote from: Tytanowy Janusz on February 22, 2019, 04:40:32 AM

...
The only thing that change is simulation time. It was so long. 3 black combo has 3% probability (3 times in a row: 3035673 out of 100 mil). Means that you play only once per 30 rolls on average. You earn 1 $ per 30 min waiting. Means that this funny guy with 1 mil, who doubled in 28 years now would need 840 years.

So it wasn't good idea at all... I'm affraid that none of us have so much time to stay in casino Grin

by the way, waiting so long for the next betting would also be pretty boring... and took away all the fun out of the game

Tytanowy Janusz

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Quote from: cryptovigi on February 21, 2019, 02:55:30 PM

I thought that knowing this schedule I will be able to choose a system that will increase the probability of winning - for example, start after drawing black three (or maybe four or five) times in a row and then betting a few times red

Quote from: Tytanowy Janusz on February 22, 2019, 03:47:57 AM

Well I don't think it works like this. Starting after 3 reds (4 or 5) makes me feel that some magic force knows what was before your bet and in which combo we are currently. Its not like that. I consider this simulation that its probability of loosing x times in a row not rolling red x times in a row. You can switch from red to black to red and you still have the same (48%) propability of winning and loose x times in a row or stay with red with same propability and get black x times in a row.

Well it would be unprofessional to leave it with just words. I code that and run simulation:

To compare i run regular simulation first.

Code:

Limit:
10000
How manny tests
100000
When you want to quit?
20000
Casino lost with 34480 gamblers out of 100000. Each of them took home 20000$

same with playing after 3 black combo betting on red

Code:

...
Casino lost with 34340 gamblers out of 100000. Each of them took home 20000$

The only thing that change is simulation time. It was so long. 3 black combo has 3% probability (3 times in a row: 3035673 out of 100 mil). Means that you play only once per 30 rolls on average. You earn 1 $ per 30 min waiting. Means that this funny guy with 1 mil, who doubled in 28 years now would need 840 years.

iMark

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Quote from: nydiacaskey01 on February 21, 2019, 09:21:00 AM

Quote from: Tytanowy Janusz on February 20, 2019, 05:40:29 AM

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.

I agree! Gambling is a game of chance not a game of strategy. Even if you say you play a poker game which is also a game where you need to have skills in bluffing and reading your opponents body language, still if your opponent gets a better card than yours then no strategy or skill can beat that.

I don't think it's entirely true, some games need strategies to increase the chance to win. Even in dice some strategies can provide big profits. including martingel. because we know that losing continuously is a rare thing, so sometimes this strategy works

el kaka22

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Quote from: Ipwich on February 21, 2019, 10:44:05 PM

We only need to know if it's profitable or not and there's no reason to discuss this method if this would not give us a profit based on expectation.

There would be plenty of reasons to discuss regardless of martingale will give us profits or not. On both the cases we must need to enlighten this community and definitely not on only on the case of profit making. I mean even it will not be profitable, we must need to enlighten this community to avoid wasting time and energy, which is the core reason why this community is here and working hard.

Like many gambler's review, martingale will be profitable for short term and when we keep pushing we may face long continuous losing streaks which may enforces us bankrupted. Use martingale for manual betting across accounts and sites. You may find yourself profitable.

Tytanowy Janusz

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Quote from: cryptovigi on February 21, 2019, 02:55:30 PM

but you could still perform some simulation just to make sure if it has any influence on results....

I get similar resoults from 100 mil rolls:

Code:

1 times in a row: 12826843
2 times in a row: 6241320
3 times in a row: 3036052
4 times in a row: 1473572
5 times in a row: 719091
6 times in a row: 349064
7 times in a row: 170951
8 times in a row: 83080
9 times in a row: 40392
10 times in a row: 19546
11 times in a row: 9581
12 times in a row: 4622
13 times in a row: 2253
14 times in a row: 1099
15 times in a row: 553
16 times in a row: 263
17 times in a row: 135
18 times in a row: 58
19 times in a row: 29
20 times in a row: 20
21 times in a row: 7
22 times in a row: 3
23 times in a row: 1
24 times in a row: 1
25 times in a row: 1

and second test:

Code:

1 times in a row: 12827925
2 times in a row: 6241473
3 times in a row: 3035673
4 times in a row: 1475769
5 times in a row: 720407
6 times in a row: 348755
7 times in a row: 170139
8 times in a row: 83273
9 times in a row: 40272
10 times in a row: 19610
11 times in a row: 9566
12 times in a row: 4553
13 times in a row: 2249
14 times in a row: 1120
15 times in a row: 547
16 times in a row: 234
17 times in a row: 142
18 times in a row: 70
19 times in a row: 31
20 times in a row: 15
21 times in a row: 6
22 times in a row: 3
23 times in a row: 3
25 times in a row: 1

Funny thing is that you win without fight in only 12% times. 88% times you need to fight for your win doubling.

Quote

for example, start after drawing black three (or maybe four or five)

Well I don't think it works like this. Starting after 3 reds (4 or 5) makes me feel that some magic force knows what was before your bet and in which combo we are currently. Its not like that. I consider this simulation that its probability of loosing x times in a row not rolling red x times in a row. You can switch from red to black to red and you still have the same (48%) propability of winning and loose x times in a row or stay with red with same propability and get black x times in a row.

Topic: Does Martingale Work? - page 6. (Read 1433 times)