Topic: Does Martingale Work? - page 9. (Read 1352 times)

Sorry but it doesn't work, if there was a way to always beat the casino they wouldn't still be in business.  You will eventually hit a really bad losing streak even though you think it is impossible.  Also casinos always have max bets in place from even attempting this strategy on a large scale.

What do you mean by this? you can't do martingale with a single bet though so how come.

There was a time that I'm using this kind of technique when gambling and really needs a huge amount of balance in able to do it.

Back then, I've got my balance ready for consecutive losses and guess what, I've check the history of my bets and lose 16 consecutive with 49% win rate, so the moral story here is you'll still lose no matter what technique you will be using and if you won't be contented to your winnings as the casino are designed to win over time.

Those threads regarding to martingale all have the same results, in the long stay house will win, either with HE or gamblers greediness,
but I also appreciate your time bringing this here giving ideas for gamblers to try their own code and see how they can see any little edge
against the house.

If ever there's possibilities not to be greed while playing, most of the time gamblers too much attachment always bring
them to suffer loses.

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.

May I know If you include the house edge on your computation? I think it may vary a lot of different outcomes in playing martingale, But perhaps it will just make the same output even though you have changed house edge percentage to 99% I really think it will always end up in a lost, I really think we should play gambling in moderation and should learn to have good feeling on when will you stop playing it and just call it a day then try your luck in another day, there are no tactics in a luck base platform it would only apply to skill based games like poker and Sports Betting that is why I always play those games and luck base games in moderation.

It's not always about the money the person could be gambling for fun at this point.  

If you win in a casino by playing safe other players will take the losses and if you continue betting the numbers will even out until the casino goes back in profit. The casino will always find a way to stay profitable, they only lose once every player stops playing.

On the second simulation it took 28 years to triple the starting balance because the base bet was so low causing the profit to be low as well.

...and who cares about strategies/gambling when one have unlimited money?

Appreciate those codings but I don't know how its being calculated know the years for you to double or triple money as I have seen it do take years and by the way
Martingale strategy doesn't really work for long term unless if you are lucky and cash out for the exact time. There are lots of similar martingale topics in the past.

https://bitcointalksearch.org/topic/does-martingale-really-works-610339
https://bitcointalksearch.org/topic/is-the-martingale-working-or-not-2570086
https://bitcointalksearch.org/topic/how-to-win-using-martingale-system-1751207
https://bitcointalk.org/index.php?topic=2995887.60
https://bitcointalk.org/index.php?topic=610339.520
https://bitcointalksearch.org/topic/why-martingale-is-pure-shit-4963525

thats no make sense at all to gamble if you already have unlimited amounts of cash on your stash  .


no either . i can won several times using martingale method but i was playing safe  .


not really . sometimes i lost the first try after i use martingale . make you sure you have enough money to make an epic comeback


hell yes . greed is not good all the time . martingale is working but do not abuse it because karma can come too fast .

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'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.