Gamblers: Please Martingale Carefully! - page 2.

dsly

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Quote from: Phildo on November 26, 2014, 09:24:42 AM

Quote from: Omikifuse on November 24, 2014, 07:38:06 PM

Quote from: Phildo on November 24, 2014, 06:18:24 PM

Quote from: jarrick on November 24, 2014, 05:51:55 AM

Quote from: caga on November 24, 2014, 04:53:42 AM

Quote from: ShetKid on November 23, 2014, 07:31:01 PM

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

Maybe, you should only martingale if you have the bankroll. I have seen players who martingales with base bet of few sats, and were betting 5 btc as their last bet. If you keep around 25 losses in mind, you should be fine with martingaling(for a short term)

Martingle is a great system if you have unlimited money. Please see why does the casino has the max bet limit?

But my best strategy ever is never stop playing when you are on winning streak and stop playing when is on losing streak.

I made a little money with it.

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Then no one can martingale in real life, because you can't double your bet forever.

That's why it is a bad idea. You will eventually hit themwx bet or go broke.

The min bet on online casinos is like 1/100 cent, and even doubling up that, you could come up to like 400$. In casinos, min is around 1-5$, so its even harder.

Phildo

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Quote from: Omikifuse on November 24, 2014, 07:38:06 PM

Quote from: Phildo on November 24, 2014, 06:18:24 PM

Quote from: jarrick on November 24, 2014, 05:51:55 AM

Quote from: caga on November 24, 2014, 04:53:42 AM

Quote from: ShetKid on November 23, 2014, 07:31:01 PM

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

Maybe, you should only martingale if you have the bankroll. I have seen players who martingales with base bet of few sats, and were betting 5 btc as their last bet. If you keep around 25 losses in mind, you should be fine with martingaling(for a short term)

Martingle is a great system if you have unlimited money. Please see why does the casino has the max bet limit?

But my best strategy ever is never stop playing when you are on winning streak and stop playing when is on losing streak.

I made a little money with it.

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Then no one can martingale in real life, because you can't double your bet forever.

That's why it is a bad idea. You will eventually hit themwx bet or go broke.

caga

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www.secondstrade.com - 190% return Binary option

Quote from: Daanie on November 26, 2014, 01:05:05 AM

Quote from: mindrust on November 25, 2014, 03:15:03 AM

I got 6 time of reds on a %80 chance win game of PrimeDice,

and on a %49.5 chance game of Freebitco.in i got 25-28 turns of fails.

Martingale is a blackhole.

The best way to gamble is, win as quickly as possible and then run away while you are ahead.

The more you play, the more you lose.

Freebitco.in must be rigged. The last famous person for having a 26 loss streak was in 1908 or something, and someone in JD.

Does it offer a provably fair model? Also, it wasn't in 1908

It was last year, and the longest streak reported on JD was 28.

SueGiant

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Quote from: Daanie on November 26, 2014, 01:05:05 AM

Quote from: mindrust on November 25, 2014, 03:15:03 AM

I got 6 time of reds on a %80 chance win game of PrimeDice,

and on a %49.5 chance game of Freebitco.in i got 25-28 turns of fails.

Martingale is a blackhole.

The best way to gamble is, win as quickly as possible and then run away while you are ahead.

The more you play, the more you lose.

Freebitco.in must be rigged. The last famous person for having a 26 loss streak was in 1908 or something, and someone in JD.

I think that is a scam site.

I heard some "not so good" feedback about them

Daanie

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Quote from: mindrust on November 25, 2014, 03:15:03 AM

I got 6 time of reds on a %80 chance win game of PrimeDice,

and on a %49.5 chance game of Freebitco.in i got 25-28 turns of fails.

Martingale is a blackhole.

The best way to gamble is, win as quickly as possible and then run away while you are ahead.

The more you play, the more you lose.

Freebitco.in must be rigged. The last famous person for having a 26 loss streak was in 1908 or something, and someone in JD.

LOBSTER

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Quote from: caga on November 26, 2014, 12:41:21 AM

Quote from: Seketsuna on November 25, 2014, 07:28:06 AM

i have martingaled before starting with a BR of .04btc and was able to turn it into 1.2btc but the sad thing is my stupidity got the better of me :/

Its actually hard to martingale from 0.04 to 1.2 BTC considering the minimum bet of 1 satoshi. You would be doing well over a million bets I believe to get there, as you will be winning a low base bet each time and 1 bad streak could wipe off everything. You might have been lucky.

It's the same chance to place a 3x bet

caga

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Quote from: Seketsuna on November 25, 2014, 07:28:06 AM

i have martingaled before starting with a BR of .04btc and was able to turn it into 1.2btc but the sad thing is my stupidity got the better of me :/

Its actually hard to martingale from 0.04 to 1.2 BTC considering the minimum bet of 1 satoshi. You would be doing well over a million bets I believe to get there, as you will be winning a low base bet each time and 1 bad streak could wipe off everything. You might have been lucky.

SueGiant

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Quote from: sidhujag on November 25, 2014, 11:59:06 PM

Quote from: J3VVL on November 24, 2014, 12:17:35 PM

Quote from: sidhujag on November 24, 2014, 12:16:56 AM

Quote from: ShetKid on November 23, 2014, 07:31:01 PM

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

I wouldnt doubt that the system just jacked u... Hard to do that in 50/50 its like getting hit by lightning.

U cant even dispute it since they will throw the math book at u.. I wouldnt doubt if these sites detect martingalers and screw the ones over who bet alot of money... I bet u did lose alot and i bet the site got u amd not math.. Although it doesmt always have to be that way just another reason not to use it

truth is anyone who comes with a consistently winning strategy will be flagged by the site operators just as i real life in Vegas if you are some kind of epic card counter .. psychic or something they will chuck you out of the casino so fast lmao Wink

There is a market for trustless gambling games

And theres a lot of them.

And would you believe if some trusted personalities here are behind those scammy games.

sidhujag

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Quote from: J3VVL on November 24, 2014, 12:17:35 PM

Quote from: sidhujag on November 24, 2014, 12:16:56 AM

Quote from: ShetKid on November 23, 2014, 07:31:01 PM

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

I wouldnt doubt that the system just jacked u... Hard to do that in 50/50 its like getting hit by lightning.

U cant even dispute it since they will throw the math book at u.. I wouldnt doubt if these sites detect martingalers and screw the ones over who bet alot of money... I bet u did lose alot and i bet the site got u amd not math.. Although it doesmt always have to be that way just another reason not to use it

truth is anyone who comes with a consistently winning strategy will be flagged by the site operators just as i real life in Vegas if you are some kind of epic card counter .. psychic or something they will chuck you out of the casino so fast lmao Wink

There is a market for trustless gambling games

VulgusMan

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Quote from: knowitnothing on November 07, 2013, 09:10:48 AM

Quote from: pand70 on November 07, 2013, 09:07:00 AM

Quote from: knowitnothing on November 07, 2013, 08:49:53 AM

Just like any -EV gamble, you can profit with this strategy if you can stop after making a profit.

There isn't any guarantee that you will make any profit whatsoever, to stop afterwards.

Your lack of understanding on how probabilities works gives you the illusion that no matter what, you will win at some point soon and then you can stop.

Guess what. Wrong.

Can you highlight the part where I said there were guarantee of profits ? The quote you included is not it, so there must be something somewhere else.

Can you also point out where I got this illusion you mention ?

I think there would have been no problem if in the OP you had talked about that the strategy referred to the martingale

that's all

Wink

Seketsuna

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i have martingaled before starting with a BR of .04btc and was able to turn it into 1.2btc but the sad thing is my stupidity got the better of me :/

LOBSTER

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Nice and true article. I can describe my experience EXACTLY like this!

Daanie

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Quote from: mezmerizer9 on November 24, 2014, 07:44:49 PM

Quote from: Omikifuse on November 24, 2014, 07:38:06 PM

Quote from: Phildo on November 24, 2014, 06:18:24 PM

Quote from: jarrick on November 24, 2014, 05:51:55 AM

Quote from: caga on November 24, 2014, 04:53:42 AM

Quote from: ShetKid on November 23, 2014, 07:31:01 PM

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

Maybe, you should only martingale if you have the bankroll. I have seen players who martingales with base bet of few sats, and were betting 5 btc as their last bet. If you keep around 25 losses in mind, you should be fine with martingaling(for a short term)

Martingle is a great system if you have unlimited money. Please see why does the casino has the max bet limit?

But my best strategy ever is never stop playing when you are on winning streak and stop playing when is on losing streak.

I made a little money with it.

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Then no one can martingale in real life, because you can't double your bet forever.

use martingale system carefully and smart. Don't just start the auto-bet bot and go to facebook. You will surely LOSE. Play until you profit on a larger scale, and as soon as you get to the big bet and win, stop. Otherwise, you will lose all.

There is no smart way to use martingale. The best way is to not gamble at all.

jaberwock

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Quote from: Champ92 on November 25, 2014, 03:23:40 AM

Quote from: JackRipper on November 24, 2014, 08:26:12 PM

Quote from: Phildo on November 24, 2014, 06:18:24 PM

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Playing a Martingale system is a guaranteed way to lose money in the long-term unless you have unlimited funds and there are no table limits. That's the ONLY that the Martingale will work.

Could you martingale in PD?

Of course. There is autobet and the maximum payout is 20 BTC

Champ92

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Quote from: JackRipper on November 24, 2014, 08:26:12 PM

Quote from: Phildo on November 24, 2014, 06:18:24 PM

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Playing a Martingale system is a guaranteed way to lose money in the long-term unless you have unlimited funds and there are no table limits. That's the ONLY that the Martingale will work.

Could you martingale in PD?

mindrust

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I got 6 time of reds on a %80 chance win game of PrimeDice,

and on a %49.5 chance game of Freebitco.in i got 25-28 turns of fails.

Martingale is a blackhole.

The best way to gamble is, win as quickly as possible and then run away while you are ahead.

The more you play, the more you lose.

Marcoser123321

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Sweet been looking for a good one. Going to test it.

sherbyspark

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Quote from: JackRipper on November 24, 2014, 08:26:12 PM

Quote from: Phildo on November 24, 2014, 06:18:24 PM

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Playing a Martingale system is a guaranteed way to lose money in the long-term unless you have unlimited funds and there are no table limits. That's the ONLY that the Martingale will work.

Casino's and gambling sites have table limits, which limit people from continuing their bets even if they have 1000's of BTCs, and this is another edge a lot of casinos have.

Magicman420

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Say what ?? I'm lost?

JackRipper

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Quote from: Phildo on November 24, 2014, 06:18:24 PM

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Playing a Martingale system is a guaranteed way to lose money in the long-term unless you have unlimited funds and there are no table limits. That's the ONLY that the Martingale will work.

Topic: Gamblers: Please Martingale Carefully! - page 2. (Read 7437 times)