Gambling is for big bag holders - page 10.

Rruchi man

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Quote from: KennyR on July 03, 2022, 03:41:41 AM

Martingale once again a failed strategy when you don't have big bag of money.

I agree with you that the martingale strategy favours those who have money to keep doubling their bets, regardless of losses... but for someone without money the martingale strategy is the surest way of becoming poor. As a gambler before you apply any strategy in gambling, you have to know if it is a strategy designed to work better when you have sufficient capital or not.

Don't just apply any strategy thinking it will work, assumptions they say is the mother of all f*ck ups.

Shinpako09

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Im not a big bag holder but still manage to win before but at some point I agree with you. Those high rollers are the one who often bagged a win. A diamond player in pd once said you must have a balance that can take 60reds and he is doing fine until now but I don't think he is using martingale like you coz for years even a player with right amount of balance will get busted sooner or later. Maybe a different strategy using autobet.

swogerino

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Martingale is well known to not work for a limited balance and now with the limits for the max bet that has been put in online and offline casinos it is well known to be an outdated and not working strategy.What you say is right that the persons with higher balances has higher chances to play longer sessions and thus have a better winning potential but that is not always true,in fact the biggest losers are usually the gamblers with big bags.

It is a normal feeling what you feel and I have been there with slot machines but luckily I have been able to only play once a week,you should try to not gamble with the last available crypto funds,we know how difficult is to collect them.

goaldigger

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Quote from: KennyR on July 03, 2022, 03:41:41 AM

After this experience I believe gambling is for the big bag holders, if you're in urge of making a win. Very much disappointed, because it is the last few dollars I had as a cryptocurrency holding. If I had more funds I wouldn't have encountered this big loss. Martingale once again a failed strategy when you don't have big bag of money.

Everyone lose their money in gambling, even a big time gambler have this kind of experience because there's no strategy to beat the house and this is gambling. Big time gamblers have their own ways to handle this kind of situation, they are more experienced in gambling since they have a lot of spare money to use and that's the only difference. That Martingale strategy doesn't guarantee any return, there's still a risk and you should accept it.

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Quote from: KennyR on July 03, 2022, 03:41:41 AM

After this experience I believe gambling is for the big bag holders, if you're in urge of making a win. Very much disappointed, because it is the last few dollars I had as a cryptocurrency holding. If I had more funds I wouldn't have encountered this big loss. Martingale once again a failed strategy when you don't have big bag of money.

Martingale is a losing strategy mate. It just doesnt work unless you have infinite money. You are bound to be right sometime but you could be wrong 20 times in a row. Depending on how much amount you start with, that is a bankroll crushing loss for anyone using Martingale.

Natalim

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No one possesses infinite money, so whether you hold more or less money, you will still be at risk of losing if you cannot control yourself.

Remember that discipline is very important, and that is regardless of your strategy.
Martingale is known to be a betting strategy that is a recipe for disaster, you should not use that strategy if you cannot control your emotion as it will only bust your bankroll, and also, no gambling site that would allow you to double every time as they have a limit to implement.

Boristhecat

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Quote from: KennyR on July 03, 2022, 03:41:41 AM

After this experience I believe gambling is for the big bag holders, if you're in urge of making a win. Very much disappointed, because it is the last few dollars I had as a cryptocurrency holding. If I had more funds I wouldn't have encountered this big loss. Martingale once again a failed strategy when you don't have big bag of money.

I'm sorry for your loss, but didn't you think that if you had more money and continued to play it would increase your loss? You lost about $380 and that's not a lot of money no matter what country you're from (since the signature campaign pays you a comparable amount per month). If you had a really significant amount to play with and you lost it, it would be much worse. The martingale has never worked.

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Quote from: KennyR on July 03, 2022, 03:41:41 AM

After this experience I believe gambling is for the big bag holders, if you're in urge of making a win. Very much disappointed, because it is the last few dollars I had as a cryptocurrency holding. If I had more funds I wouldn't have encountered this big loss. Martingale once again a failed strategy when you don't have big bag of money.

Sir remember that martingale will be always a bad strategy, because there are more probability that you'll lose instead to win, and once you win, winning is equally to the first bet submitted. You should find other method, but

please avoid this one because it requires giant money sum. Also, if algorithmic find that you've playing with martingale, they will let fail every your bet. So, avoid it.

Despairo

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You're correct gambling using martingale strategy is for big bag holders, but you're wrong if gambling is just for big bag holders since not all gamblers are using martingale strategy. You're gambling to chase winning, that's why you're mad when you didn't get any profit.

I think you need to recover first and view gambling is just for fun, so you don't have any thought to gamble more to recover your previous losses.

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Quote from: KennyR on July 03, 2022, 05:52:56 AM

Agreed and this isn't the first time playing Dice, but this is the first time losing on consecutive bets. If a single bet have won in between, the loss might've got limited. Anyhow it is my bad luck. It is true that Dice brings in win, but the house always wins in the long term. Initially I played with small funds and the win made me go for bigger money. Finally the sad thing has happened.

That also happened to me, whether it's a dice game or even another game like blackjack. So since I experienced the defeat of such a strategy I did not want to repeat it.

As far as I can see, your greed has worked to increase your winnings even more, and hope that this luck will continue. Unfortunately, its direction has changed.

Jemzx00

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Martingale strategy doesn't always work which is what happened on your case. I've tried martingale multiple times and I suffered to many lost using this strategy. Even high rollers lost using this kind of strategy. So no matter how much money you're holding you will still lose and you will lose more than others.

crwth

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I'm sorry for your loss in that game. You probably were using the martingale strategy or something related to that sense? You just had a bad run that made it to the point of continuous losses. Some people have been successful with that because they somehow modified it or have less or more percentage to win, but it doesn't directly move-in according to the same strategy.

Don't ever gamble on something you are unwilling to lose because you will feel lost and sad with what you incurred.

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Quote from: KennyR on July 03, 2022, 03:41:41 AM

After this experience I believe gambling is for the big bag holders, if you're in urge of making a win.

Same thing, you would have lost more even if you had a bigger budget. We already know that Martingale doesn't work often but it was poor management (like what @Maus said) that emptied your account pretty quickly. With that kind betting style, you would probably bet higher amounts per roll if you know you had more money to splurge.

KennyR

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Quote from: Davidvictorson on July 03, 2022, 05:17:18 AM

Quote from: KennyR on July 03, 2022, 03:41:41 AM

If I had more funds I wouldn't have encountered this big loss.

The gambler's fallacy. It influenced your thinking to believe that it is because you didn't have big cash that's why you couldn't win when in fact that is not the case. Good thing you didn't have more cash left because you would have may have lost the next game if you had used it. Just as @Maus0728 already said gambling dice has consistently shown that the house wins in the long term. Is this your first time playing Dice?

Agreed and this isn't the first time playing Dice, but this is the first time losing on consecutive bets. If a single bet have won in between, the loss might've got limited. Anyhow it is my bad luck. It is true that Dice brings in win, but the house always wins in the long term. Initially I played with small funds and the win made me go for bigger money. Finally the sad thing has happened.

goldkingcoiner

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I would not trust ANY online gambling casino with large sums of funds. Why? Because as soon as you want to withdraw your relatively large winnings, the casinos start sweating and try anything, whether legal or not to stop you. Basically the most of them are crooks who cannot handle a large loss because every large enough loss can put them out of business forever.

But as long as you are losing money, they are completely happy to leave your account alone. They even encourage you to put more money into your gamblings funds with cheap incentives.

So basically, gambling is a fun thing to do with small amounts of money. Undecided

Davidvictorson

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Quote from: KennyR on July 03, 2022, 03:41:41 AM

If I had more funds I wouldn't have encountered this big loss.

The gambler's fallacy. It influenced your thinking to believe that it is because you didn't have big cash that's why you couldn't win when in fact that is not the case. Good thing you didn't have more cash left because you would have may have lost the next game if you had used it. Just as @Maus0728 already said gambling dice has consistently shown that the house wins in the long term. Is this your first time playing Dice?

xSkylarx

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Quote from: KennyR on July 03, 2022, 03:41:41 AM

After this experience I believe gambling is for the big bag holders, if you're in urge of making a win.

Gambling is not only for those people you've said. It depends on luck no matter how much money you have. There are others who only have small amount of money but still able to win a huge prize or even hit the jackpot.

Quote from: KennyR on July 03, 2022, 03:41:41 AM

Martingale once again a failed strategy when you don't have big bag of money.

Did you expect that using that strategy is a sure profit? If I have a huge amount of money, that is the strategy I will never use. It's like burying yourself into your own grave everytime you lose.

Maus0728

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Is this yours?

The question at hand isn't whether gambling is good for big bag holders or not. If this is your account, poor bankroll management would be the main culprit because, as you are aware, gambling dice has consistently shown that the house wins in the long term.

I've previously had the same experience as you, where playing dice caused me to lose my hard-earned two-week signature payment instantly. And guess what who's to blame? Of course, it's me who unknowingly bankroll management exist Cry

But yeah! Moving on with this loss could take you days.

KennyR

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After this experience I believe gambling is for the big bag holders, if you're in urge of making a win. Very much disappointed, because it is the last few dollars I had as a cryptocurrency holding. If I had more funds I wouldn't have encountered this big loss. Martingale once again a failed strategy when you don't have big bag of money.

Topic: Gambling is for big bag holders - page 10. (Read 1436 times)