Gamblers: Please Martingale Carefully! - page 4.

Mobius7

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Quote from: dooglus on November 23, 2014, 01:42:14 AM

Quote from: J3VVL on November 22, 2014, 02:37:36 PM

Quote from: Salmon1989 on November 22, 2014, 06:13:32 AM

Quote from: J3VVL on November 21, 2014, 11:04:41 PM

most sites' nowadaze have martingale detection trip-switch ~ good luck beating the scammers! lol :-D

With a right provably fair implementation, sites won't be able to analyze your playing style and get advantage on it. Also, they don't need to.

sure yeah right : imo any "fair" site will get botted to hell! :-D

Martingale is a losing strategy.

Having a bot Martingale for you just makes you lose faster.

Sites welcome Martingale players because they know they will end up losing. There's absolutely no need (and if the site is designed probably, no way) to cheat them.

+1
You know why dice sites introduce autobet feature? Because it help increase the total wagered amount easily and hence the expected house profit.

sidhujag

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Quote from: crazy-pilot on November 22, 2014, 05:02:45 PM

Quote from: Quinn on November 22, 2014, 04:22:29 PM

Why do people martingale anyways then? i dont get it..

theres a lot of people who use it and say it works..

If there is a large difference between your starting bet and the lesser of your bankroll and the house max bet amount then you will generally be able to make a small amount of money as the chances of having a bad luck spree early on is very low. At the very least you will want to have at least 100x in a bankroll as your starting bet and you potentially can make a small amount of money realistically if you know when to stop.

The problem is that many people get greedy and end up loosing their entire bankroll. At a point martingale somewhat becomes an all or nothing type bet

Ne1 who gambles professionally uses math. Nuff said

sidhujag

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Ne1 who martingales is weak minded

dooglus

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Quote from: J3VVL on November 22, 2014, 02:37:36 PM

Quote from: Salmon1989 on November 22, 2014, 06:13:32 AM

Quote from: J3VVL on November 21, 2014, 11:04:41 PM

most sites' nowadaze have martingale detection trip-switch ~ good luck beating the scammers! lol :-D

With a right provably fair implementation, sites won't be able to analyze your playing style and get advantage on it. Also, they don't need to.

sure yeah right : imo any "fair" site will get botted to hell! :-D

Martingale is a losing strategy.

Having a bot Martingale for you just makes you lose faster.

Sites welcome Martingale players because they know they will end up losing. There's absolutely no need (and if the site is designed probably, no way) to cheat them.

Phildo

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Activity: 1526

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Quote from: crazy-pilot on November 22, 2014, 05:02:45 PM

Quote from: Quinn on November 22, 2014, 04:22:29 PM

Why do people martingale anyways then? i dont get it..

theres a lot of people who use it and say it works..

If there is a large difference between your starting bet and the lesser of your bankroll and the house max bet amount then you will generally be able to make a small amount of money as the chances of having a bad luck spree early on is very low. At the very least you will want to have at least 100x in a bankroll as your starting bet and you potentially can make a small amount of money realistically if you know when to stop.

The problem is that many people get greedy and end up loosing their entire bankroll. At a point martingale somewhat becomes an all or nothing type bet

It's not about getting greedy, it's how martingale works. If you are doing martingale and you lose 10 in a row, is making the 11th bet greedy? Either making the 11th bet is greedy, or martingale failed because you didn't make a profit.

crazy-pilot

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SmartFi - EARN, LEND & TRADE

Quote from: Quinn on November 22, 2014, 04:22:29 PM

Why do people martingale anyways then? i dont get it..

theres a lot of people who use it and say it works..

If there is a large difference between your starting bet and the lesser of your bankroll and the house max bet amount then you will generally be able to make a small amount of money as the chances of having a bad luck spree early on is very low. At the very least you will want to have at least 100x in a bankroll as your starting bet and you potentially can make a small amount of money realistically if you know when to stop.

The problem is that many people get greedy and end up loosing their entire bankroll. At a point martingale somewhat becomes an all or nothing type bet

pureelite

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Activity: 434

Merit: 250

Quote from: Bitzkrieg on November 21, 2014, 08:02:23 AM

Anyone can explain what Martingale is?

martingale is when you increase your bet on loss

martingale = martinfale Wink

Phildo

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Quote from: Quinn on November 22, 2014, 04:22:29 PM

Why do people martingale anyways then? i dont get it..

theres a lot of people who use it and say it works..

Because it works great, until it doesn't. And when it doesn't it does way more damage than you made over the time while it was "working"

Quinn

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Why do people martingale anyways then? i dont get it..

theres a lot of people who use it and say it works..

J3VVL

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Quote from: Salmon1989 on November 22, 2014, 06:13:32 AM

Quote from: J3VVL on November 21, 2014, 11:04:41 PM

most sites' nowadaze have martingale detection trip-switch ~ good luck beating the scammers! lol :-D

With a right provably fair implementation, sites won't be able to analyze your playing style and get advantage on it. Also, they don't need to.

sure yeah right : imo any "fair" site will get botted to hell! :-D

rollingMyCar

member

Activity: 112

Merit: 10

I do not like the martingale.
The money to be put into the game increases exponentially with the launch losers, and we quickly convince that to ensure victory, we should have an infinite capital you can bet, and the dealer also should be willing to accept any items size.
but unfortunately it is not!!!

so .. stay away from martingale strategy!!!!

Wink

Salmon1989

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Quote from: J3VVL on November 21, 2014, 11:04:41 PM

most sites' nowadaze have martingale detection trip-switch ~ good luck beating the scammers! lol :-D

With a right provably fair implementation, sites won't be able to analyze your playing style and get advantage on it. Also, they don't need to.

sandykho47

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Knowledge its everything

I think Martingale Trick is the best & the worst trick to gambling Grin

That's right most amateur people only use martingale trick / gamble all at once

But, i think Martingale is works fine if you only use faucet Grin

yenzae0215

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nice article... experienced some bad luck from martingale too got some 15 losing streaks that drained my money Undecided

panju1

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Quote from: icedicedavid on October 31, 2013, 08:27:45 PM

We wrote an article on martingale, please gamble carefully.

https://ice-dice.com/en/martingale_betting_system

Extremely good article.

J3VVL

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most sites' nowadaze have martingale detection trip-switch ~ good luck beating the scammers! lol :-D

james.lent

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Quote from: Ron~Popeil on November 21, 2014, 12:18:08 PM

Quote from: james.lent on November 21, 2014, 07:58:29 AM

Quote from: cheekychap on November 21, 2014, 03:43:43 AM

Quote from: ComboChris on November 21, 2014, 03:07:48 AM

I feel like as long as you have an amount of money deposited that you don't mind losing, martingale is an okay tactic.

its better just to have a very big bankroll to sustain those big streaks by martingale. And you should start with a less base bet.

every site has a bet cap, so no, that wont work . martingale aka martinfail Shocked

Martinfail is exactly right. If you have the discipline to stop if you are lucky enough to get ahead it can work but there is a very odd psychology to gambling that makes it tough.

Gambler's falacy Cheesy

El Emperador

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Martingale system isn't only extremely risky, but it isn't worth the money because you can win always the first bet amount using this system.

For example:
you bet 2 satoshis to win 4 sat.

1st round:
if you win you get 2 net satoshis.
If you lose and then use the Martingale, even if you play 100 times, if you win at the 101st you win 2 satoshis anyway.

Ron~Popeil

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Quote from: james.lent on November 21, 2014, 07:58:29 AM

Quote from: cheekychap on November 21, 2014, 03:43:43 AM

Quote from: ComboChris on November 21, 2014, 03:07:48 AM

I feel like as long as you have an amount of money deposited that you don't mind losing, martingale is an okay tactic.

its better just to have a very big bankroll to sustain those big streaks by martingale. And you should start with a less base bet.

every site has a bet cap, so no, that wont work . martingale aka martinfail Shocked

Martinfail is exactly right. If you have the discipline to stop if you are lucky enough to get ahead it can work but there is a very odd psychology to gambling that makes it tough.

crazy-pilot

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SmartFi - EARN, LEND & TRADE

Quote from: Bitzkrieg on November 21, 2014, 08:02:23 AM

Anyone can explain what Martingale is?

You will generally bet on something that has roughly 50/50 odds of you winning your bet and a payout of roughly 2:1 (the house edge will need to make either the payout less then 2:1 or the odds worse then 50%).

You start with a small bet. If you win then you bet the original amount. If you lose then you double your bet. If you lose a 2nd time after you lost the 1st bet then you double your bet again, if you win then you reset your next bet to your original bet amount. You repeat this process until you are done betting.

The problem is that you will quickly reach the house max bet and/or your bankroll will not be able to support a larger bet in the event of even a modest loosing spree.

Topic: Gamblers: Please Martingale Carefully! - page 4. (Read 7437 times)