Does Martingale Work? - page 8. | Bitcointalksearch.org

cryptovigi

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Quote from: emberbekas on February 21, 2019, 03:35:30 AM

...
Every betting strategy, if we use it repeatedly, will definitely give us bad results. In gambling, there are times when we are lucky and vice versa.
...

Otherwords... there are no good betting strategy at all... it's always all about the luck...
not too good, but maybe that's why we call it gambling?

adaseb

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I've done similiar coding before and tried to find some "holy grail" strategy using Microsoft Excel and had little luck.

Basically with a house edge even at 0.1% , you will always go bust when time -> infinity.

I tried to do strategies like "Only bet big after 15 losses in a row", or "Only bet big after 20 losses in a row" and the results were all the same. No actual edge was given.

Thanks for posting this. Gave you some merit for your hard work.

emberbekas

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Quote from: Shinpako09 on February 20, 2019, 10:23:11 PM

Martingale really works but only in short term. If you used it in the long run, you'll eventually lose even if you have a big bankroll. If martingale works perfectly, online gambling won't boom as of now and many casinos will get bankrupt easily. I've tried it when I was new in dice. The experience was good until I got 20red streak which I thought before is impossible to happen. Since I stopped using it, I didn't used it again up to now and don't want to use it again ever.

Every betting strategy, if we use it repeatedly, will definitely give us bad results. In gambling, there are times when we are lucky and vice versa. The important stuff is how we manage our money, in the hope of earning profit or at least not losing too much money through gambling. Martingale will work at some points but there is no guarantee that we will get the expected result all the time.

Natalim

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You don't have to make things complicated, martingale is just a betting strategy what's important is you know how to win and when there is a house edge, there's no way your winning moment will last. Even how many times you will try, I believe you will still end up a loser in the end.
The fact that you don't put any target amount of your max winning, that will make you a loser.

Shinpako09

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Martingale really works but only in short term. If you used it in the long run, you'll eventually lose even if you have a big bankroll. If martingale works perfectly, online gambling won't boom as of now and many casinos will get bankrupt easily. I've tried it when I was new in dice. The experience was good until I got 20red streak which I thought before is impossible to happen. Since I stopped using it, I didn't used it again up to now and don't want to use it again ever.

cryptovigi

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An interesting post ... in theory this strategy seems to be perfect but as many of you already pointed out there is need to have... an unlimited resources and one more thing - possibility of placing unlimited bets ...

It's amazing that starting from $ 1 at the tenth plant in a row we are already at the level of 512 dollars, with the twenties it is 524 thousand dollars and 30 is already half a billion - interesting which casino will accept such a bet (and how many chips will it be Huh

)
but that's all - look at what is happening at the 30th bet - the last bet is on the table - over half a billion (on the way I have already dipped 29 times so I have bet on over $ 1 billion in all these bets if the last 30 bets are won Huh

the whole one dollar !!!! - is it a joke???!!!

Code:

bet worth of bet increasing value real win
1 $1,00 $1,00    $1,00
2 $2,00 $3,00    $1,00
3 $4,00 $7,00    $1,00
4 $8,00 $15,00    $1,00
5 $16,00 $31,00 $1,00
6 $32,00 $63,00 $1,00
7 $64,00 $127,00 $1,00
8 $128,00 $255,00 $1,00
9 $256,00 $511,00 $1,00
10 $512,00 $1 023,00 $1,00
11 $1 024,00 $2 047,00 $1,00
12 $2 048,00 $4 095,00 $1,00
13 $4 096,00 $8 191,00 $1,00
14 $8 192,00 $16 383,00 $1,00
15 $16 384,00 $32 767,00 $1,00
16 $32 768,00 $65 535,00 $1,00
17 $65 536,00 $131 071,00 $1,00
18 $131 072,00 $262 143,00 $1,00
19 $262 144,00 $524 287,00 $1,00
20 $524 288,00 $1 048 575,00 $1,00
21 $1 048 576,00 $2 097 151,00 $1,00
22 $2 097 152,00 $4 194 303,00 $1,00
23 $4 194 304,00 $8 388 607,00 $1,00
24 $8 388 608,00 $16 777 215,00 $1,00
25 $16 777 216,00 $33 554 431,00 $1,00
26 $33 554 432,00 $67 108 863,00 $1,00
27 $67 108 864,00 $134 217 727,00 $1,00
28 $134 217 728,00 $268 435 455,00 $1,00
29 $268 435 456,00 $536 870 911,00 $1,00
30 $536 870 912,00 $1 073 741 823,00    $1,00

taking into account that we still have to set up unlimited resources - there is no point doubling the bet - we have to at least triple it - then the win will be half of the last bet, that is, it starts to make sense ...
Although in this case the one dollar in the first bet changes into billion in the 20th bet, but the possible win looks much better

Code:

bet worth of bet increasing value real win
1 $1,00 $1,00 $1,00
2 $3,00 $4,00 $2,00
3 $9,00 $13,00 $5,00
4 $27,00 $40,00 $14,00
5 $81,00 $121,00 $41,00
6 $243,00 $364,00 $122,00
7 $729,00 $1 093,00 $365,00
8 $2 187,00 $3 280,00 $1 094,00
9 $6 561,00 $9 841,00 $3 281,00
10 $19 683,00 $29 524,00 $9 842,00
11 $59 049,00 $88 573,00 $29 525,00
12 $177 147,00 $265 720,00 $88 574,00
13 $531 441,00 $797 161,00 $265 721,00
14 $1 594 323,00 $2 391 484,00 $797 162,00
15 $4 782 969,00 $7 174 453,00 $2 391 485,00
16 $14 348 907,00 $21 523 360,00 $7 174 454,00
17 $43 046 721,00 $64 570 081,00 $21 523 361,00
18 $129 140 163,00 $193 710 244,00 $64 570 082,00
19 $387 420 489,00 $581 130 733,00 $193 710 245,00
20 $1 162 261 467,00 $1 743 392 200,00 $581 130 734,00

i'm wonder how the change from doubling to tripling previous bet would change your test...

rodel caling

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Depends on the lucky day during playing ib casino first roll got loss double the bet isn't good idea for because how about 3x i got loss so 3x i increase my bet ithink that idea isn't advisable those people playing in casino get fun not to find source of income.

imstillthebest

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Quote from: khaled0111 on February 20, 2019, 07:00:11 PM

You should have a huge capital to start with to be able to double the betted ammount if you lose many times in a raw.

I use martingale all the time whenever i play dice games but i dont have a huge capital . what i do is i first bet 0.00000001 sats , i roll the dice and wait for it to loose three times in a row after that i then max my bets . if i loose i quit and if i won ill try again .

Quote from: khaled0111 on February 20, 2019, 07:00:11 PM

Also, you should know when to stop playing, you should not be greedy.

Thats the key to win using any strategy not just only for martingale .

Quote from: khaled0111 on February 20, 2019, 07:00:11 PM

Anyway, few are the casinos that will let you use the martingale strategy.

All casino allows any strategy but all have different probability of winning .

Quote from: ripplecanavari on February 20, 2019, 06:13:35 PM

i lost too much money when i try that strategy i doesn't work for me sadly ... i give up just litte bit luck thats all

Its either your not doing it right or you are too greedy . or maybe you are just badluck when it comes to gambling .

Dreamchaser21

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Quote from: ripplecanavari on February 20, 2019, 06:13:35 PM

i lost too much money when i try that strategy i doesn't work for me sadly ... i give up just litte bit luck thats all

This is the result of this strategy and we should not continue using this one. Almost all the comments here are negative so technically, Martingale is not working well. In gambling your luck is important, no matter what your strategies are you will still ended up losing the money if you’re not lucky.

khaled0111

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You should have a huge capital to start with to be able to double the betted ammount if you lose many times in a raw.
Also, you should know when to stop playing, you should not be greedy.
Anyway, few are the casinos that will let you use the martingale strategy.

harizen

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Martingale "does works". If doesn't then the term shouldn't be not existed here in gambling world.

It's just that it "doesn't always works" since aside from the betting style, people have to consider the house edge and other factors.

There is also a type of gambling where martingale is effective*. Just don't used that style on long term betting or it might wrecked your precious wallet.

Quote from: vennali on February 20, 2019, 07:18:50 AM

The only way Martingale works is when you have unlimited amount of money.

You can't. Gambling sites does have bet limits.

ripplecanavari

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i lost too much money when i try that strategy i doesn't work for me sadly ... i give up just litte bit luck thats all

leowonderful

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Quote from: MakeMoneyBtc on February 20, 2019, 05:50:09 PM

From my experience sometimes it does work sometimes but not enough to get me in profit on the long term. So I wouldn't advise using only this strategy when betting same as I don't recommend using a single strategy for a very long period. At the end from my opinion it all comes down to luck when playing this kind of strategies, especially when you are aiming for big money.

It's not just your opinion. Every strategy in gambling requires at least some amount of luck due to the house edge being in play and sheer luck being against you, especially ones like Martingale, which are mathematically proven to generate a net loss over time. I've seen numerous posts like this over the last few months in this very section of the forum, and the outcome's nearly the same with every test of any method that's based off Martingale- you're going to lose over the medium to long-term.

Gambling isn't meant to be profitable for you in the first place. There's really no way to make money consistently from a digital casino unless a game is fundamentally flawed, which rarely happens and is usually patched very quickly in this digital age.

MakeMoneyBtc

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From my experience sometimes it does work sometimes but not enough to get me in profit on the long term. So I wouldn't advise using only this strategy when betting same as I don't recommend using a single strategy for a very long period. At the end from my opinion it all comes down to luck when playing this kind of strategies, especially when you are aiming for big money.

crzy

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Quote from: swogerino on February 20, 2019, 09:21:10 AM

It doesn't work in the long term and what you show through your pictures don't really mean something except pure luck.

Many and many persons have tried in the past to win with this strategy but up to today no one has managed to win with it. A lot of persons have lost a lot of money with it is the most common result of this strategy.

Honestly i tried this one before and the result is also negative since I’m not lucky that time. So for me, this is really not good and it will just make your money lose in the long run. Do you find any gamblers who succeed through this one? I think none. Gambling is still about luck no matter what strategies you are using.

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Quote from: vennali on February 20, 2019, 07:18:50 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.

I agree with this I've tried to gamble few times and start with a small amount and do a martingale strategy it's really true that at the first few times it works but after some time I started losing and losing and also it's true that you really need a high amount of playing money and a certain amount goal to success in martingale strategy.

But I also tried investing a medium amount of crypto to a gambling site but still lose in martingale strategy. Cheesy

Bitinity

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Quote from: vennali on February 20, 2019, 07:18:50 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.

You get it really wrong, because there is always max bet allowed in all gambling site. Unlimited balance will be useless once you reach the max allowed bet, as you cant bet higher to recover the losing streak. Martingale or whatever the strategy, it works when you are lucky only.

angel55

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I think the best strategy is to place only a few bets in large amounts. The longer you bet the closer the results will be to the expected odds.

Tytanowy Janusz

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Quote from: tokeweed on February 20, 2019, 10:08:19 AM

^ Yup. If anything, you should be betting smaller and smaller as you lose to preserve your bankroll so that you keep yourself in the game until the momentum is on your side.

If you are gambling because you like it and you want to have fun than your strategy is great. If you are gambling hoping to earn than mathematically speaking you should not gamble at all and if you still want you should bet all your wallet on red and go home with x2 or - 0. That way you have 48% chance to double. Every other strategy lowers propability. If you don't trust me I can code and run simulation of any strategy.

tokeweed

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^ Yup. If anything, you should be betting smaller and smaller as you lose to preserve your bankroll so that you keep yourself in the game until the momentum is on your side.

Topic: Does Martingale Work? - page 8. (Read 1352 times)