Gambling is for big bag holders - page 3.

kamvreto

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Quote from: jakelyson on July 07, 2022, 10:27:55 PM

Do not use martingale strat in gambling. It is doomed to fail, trust me. Been there. You never know how long your losing streak will be and each loss will double your stakes the next bid. It is a very high risk, very low reward gambling strategy. Even if you start at 1 dollar, in just 10 loss streak you'll be hundreds of dollars in losses. It is hard to recover from that.

My advice, just do a minimum bet and enjoy the game. There is no sure win strategy but you will not feel a loser even if you are losing if you are enjoying the game.

The Martingale strategy does have a high risk, because it expects every possibility to get a big profit in one win. But if you don't have capital resilience, there will be a lot of losses.
It's better to gamble with a minimum bet and enjoy the game, don't indulge your lust to keep winning and winning, because defeat will continue to overshadow.

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Quote from: Oasisman on July 08, 2022, 02:03:21 AM

Quote from: KennyR on July 03, 2022, 02:41:41 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 don't understand how a big bag of money could make martingale strategy to work. It's not guaranteed though.
When you're betting with huge amount of money and martingale fails again like what happened to your bank roll, then I guess you're now facing with a bigger consequences for lossing that huge amount of money.
Besides, martingale is not only a strategy to win or make your losses even, but it can also cause you to lose everything in an instant.

Martingale per se as a strategy is a working one if you have unlimited bankroll and casinos didn't put in place betting limits,because if you keep betting on red on roulette it is a sure thing that 1 in 100 rolls will be red thus making double of your initial amount.

Unfortunately though,there are betting limits in place from all the casinos,as all of them now do this and thus making this strategy void/null.Some guys from what I have heard have applied successfully this one by being really patient,betting on the last team of England League 1 or League 2,which the odds were always more than 2 and in like 30 games or so they are going to win a couple of them,thus making it a good one for making money,sport betting has a much higher betting limit so it can somewhat work here,but you have to be patient,extremely patient.Personally though I would not suggest you do it even in sport betting.

Oasisman

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Quote from: KennyR on July 03, 2022, 02:41:41 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 don't understand how a big bag of money could make martingale strategy to work. It's not guaranteed though.
When you're betting with huge amount of money and martingale fails again like what happened to your bank roll, then I guess you're now facing with a bigger consequences for lossing that huge amount of money.
Besides, martingale is not only a strategy to win or make your losses even, but it can also cause you to lose everything in an instant.

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Sometimes we really experience having a down in playing gambling because it is a yes that in some point that the gambling is for huge amount of funds by that they can get more chance to play and get a good jackpot at the end of the day also they have the chance to get their losses back but still it is all about the risk of the player no matter how much amount you have still it is your decision making to play or not if you feel and experience not good outcome with the game why not stop an try another game or next time to play with. Feels sad to your losses its part of the game.

jakelyson

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Do not use martingale strat in gambling. It is doomed to fail, trust me. Been there. You never know how long your losing streak will be and each loss will double your stakes the next bid. It is a very high risk, very low reward gambling strategy. Even if you start at 1 dollar, in just 10 loss streak you'll be hundreds of dollars in losses. It is hard to recover from that.

My advice, just do a minimum bet and enjoy the game. There is no sure win strategy but you will not feel a loser even if you are losing if you are enjoying the game.

X-ray

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How big your bag didn't matters. If you're loosing from gambling like that and then you shall not need to blame how big your bag to play gambling. The fact that if you are also aware about that multiple your urgent money from gambling it is a very bad decision.
You can't think like you can win easily from gambling your money and doubled your funds. that's not how gambling works. Sometime you win and sometime you lose.

BitcoinPanther

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Quote from: milewilda on July 07, 2022, 05:47:20 PM

Chasing losses and recovery is never been ideal when you do deal with gambling on where you would really be making yourself desperate and we know that there's no such thing about unlimited funds.
Its true that the more money you do have the more chances for you to make recovery since you could win big or simply being versatile which you could test out different strategies since you do have the funds on doing so unlike when you do only have small amount where you cant really do much with those balances. Same goes for promotions and perks which you could possibly get as a big time player
which is an add up for you to at least getting some amounts even if you do lost up something.

I agree aside from possible big financial losses, chasing losses also gives huge stress to the player. The pressure of "must-win" in the person's mind will greatly affect his gambling decision. We might think that we are cautious during our loss chasing but the truth is we are getting careless because we are getting aggressive the larger money we try to recover just like what happen to OP.

agustina2

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If OP still wants to continue his gambling activity at the dice game, he should bet based on the amount he is willing to risk per round. Don't go x2 bet for every loss but instead make it a simple and smooth run since the bankroll is not that much.

The house edge will crash his bankroll in the long run if he goes for every x2 increase bet amount for every loss. Even a whale is not doing a martingale method since they already know the risks of using it.

OP should also realize that gambling is not easy. Therefore, profit is not easy too.

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Quote from: passwordnow on July 07, 2022, 04:50:13 PM

Quote from: milewilda on July 06, 2022, 03:14:42 PM

Quote from: passwordnow on July 06, 2022, 03:07:34 PM

There's an "IF" on what OP has said and I agree to do that. If you have the goal of winning with the games that you've chosen like in dice, you should really allocate huge money on it if you will apply martingale. But, the question of it is how much will satisfy you each win?
If you're just the type that you're ok with any amount as long as you're win and the records show that they're all green, that won't be a matter to you.

People are different when it comes to approach on particular things specially on gambling where its normal that people would really be neither be contented on getting huge or small wins but its impossible for someone to ignore when they do know that they do have huge bankroll or capital that they do have which its normal that they will really be coming after for huge wins and this is where behavior changes .Gambling is for everyone and there's no such restriction whether you are a whale or a shrimp it wont matter because its free for everybody but we know on what are the advantage into those people
who do have bigger financial capability which its really obvious in talking about strategies applied and on the behavior that they do have on dealing with gambling activity.

There is the big advantage for those that have bigger bankrolls and they can go as much as they can without having that fear of losing them money. Well, if they lose and since they seemed prepared for it and has a lot of money, they'll go back anytime they want.
But for the small gamblers and like having a loss today is already big, it's harder for them to go back and even the recovery process is much harder.

I think when that person becomes a bankroll then it will provide a lot of benefits, it's just that at this time there are still few people who understand bankrolls and prefer to be ordinary gamblers, they are risking money with a small nominal and they have realized that the winning percentage is very small so it doesn't work. dare to use big bets. losses in the world of gambling will always be there, therefore we as users must be able to manage financial conditions as well as possible so as not to be depressed when we lose and lose a lot of money.

milewilda

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Quote from: TimeTeller on July 07, 2022, 05:28:55 PM

Quote from: passwordnow on July 07, 2022, 04:50:13 PM

Quote from: milewilda on July 06, 2022, 03:14:42 PM

Quote from: passwordnow on July 06, 2022, 03:07:34 PM

There's an "IF" on what OP has said and I agree to do that. If you have the goal of winning with the games that you've chosen like in dice, you should really allocate huge money on it if you will apply martingale. But, the question of it is how much will satisfy you each win?
If you're just the type that you're ok with any amount as long as you're win and the records show that they're all green, that won't be a matter to you.

People are different when it comes to approach on particular things specially on gambling where its normal that people would really be neither be contented on getting huge or small wins but its impossible for someone to ignore when they do know that they do have huge bankroll or capital that they do have which its normal that they will really be coming after for huge wins and this is where behavior changes .Gambling is for everyone and there's no such restriction whether you are a whale or a shrimp it wont matter because its free for everybody but we know on what are the advantage into those people
who do have bigger financial capability which its really obvious in talking about strategies applied and on the behavior that they do have on dealing with gambling activity.

There is the big advantage for those that have bigger bankrolls and they can go as much as they can without having that fear of losing them money. Well, if they lose and since they seemed prepared for it and has a lot of money, they'll go back anytime they want.
But for the small gamblers and like having a loss today is already big, it's harder for them to go back and even the recovery process is much harder.

What I noticed also, is if you have enough bankroll, you can also recover your losses in time.
However, you should know what games you need to play not to lose a lot.
If you have small bankroll, upon losing, would be hard to recover unless, you will deposit more.
So if you want to keep your losses small, just play what you think you can afford to lose, without having the thought of recovering it.

Chasing losses and recovery is never been ideal when you do deal with gambling on where you would really be making yourself desperate and we know that there's no such thing about unlimited funds.
Its true that the more money you do have the more chances for you to make recovery since you could win big or simply being versatile which you could test out different strategies since you do have the funds on doing so unlike when you do only have small amount where you cant really do much with those balances. Same goes for promotions and perks which you could possibly get as a big time player
which is an add up for you to at least getting some amounts even if you do lost up something.

TimeTeller

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Quote from: passwordnow on July 07, 2022, 04:50:13 PM

Quote from: milewilda on July 06, 2022, 03:14:42 PM

Quote from: passwordnow on July 06, 2022, 03:07:34 PM

There's an "IF" on what OP has said and I agree to do that. If you have the goal of winning with the games that you've chosen like in dice, you should really allocate huge money on it if you will apply martingale. But, the question of it is how much will satisfy you each win?
If you're just the type that you're ok with any amount as long as you're win and the records show that they're all green, that won't be a matter to you.

People are different when it comes to approach on particular things specially on gambling where its normal that people would really be neither be contented on getting huge or small wins but its impossible for someone to ignore when they do know that they do have huge bankroll or capital that they do have which its normal that they will really be coming after for huge wins and this is where behavior changes .Gambling is for everyone and there's no such restriction whether you are a whale or a shrimp it wont matter because its free for everybody but we know on what are the advantage into those people
who do have bigger financial capability which its really obvious in talking about strategies applied and on the behavior that they do have on dealing with gambling activity.

There is the big advantage for those that have bigger bankrolls and they can go as much as they can without having that fear of losing them money. Well, if they lose and since they seemed prepared for it and has a lot of money, they'll go back anytime they want.
But for the small gamblers and like having a loss today is already big, it's harder for them to go back and even the recovery process is much harder.

What I noticed also, is if you have enough bankroll, you can also recover your losses in time.
However, you should know what games you need to play not to lose a lot.
If you have small bankroll, upon losing, would be hard to recover unless, you will deposit more.
So if you want to keep your losses small, just play what you think you can afford to lose, without having the thought of recovering it.

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Quote from: chaser15 on July 07, 2022, 04:27:08 PM

Quote from: serjent05 on July 03, 2022, 06:37:36 PM

Quote from: chaser15 on July 03, 2022, 05:11:06 PM

Quote from: KennyR on July 03, 2022, 02:41:41 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.

You are just a failed gambler.

Lol don't be too harsh, OP is just frustrated and needs to vent out his frustration. So please go easy on him.

Apology to OP if it looked at that way but sometimes we need to go hard on a person just to realize his mistakes.

That's not even a harsh statement, to begin with. In OP's story, instead of realizing that he did a mistake, he still ends up at the conclusion that bag holders can take advantage of the martingale which is not. Even how large our bankroll is, martingale will surely wreck that large bankroll.

A whale is surely starting on above $1 minimum bet or even more if they will use martingale. Just do the math for consecutive losses. The house edge also plays a big role and betting in the long run, we already know what happened next in most cases.

It's true nobody can manage to make martingale work on long run, but the probability someone with a large bankroll can make profit and last longer alive on game is much superior than someone who is playing on low budget. For a big bag holder, it's simple to profit decently on short run, because he can place more expensive bets, with higher winning chances and receive a reasonable profit back or can simply endure severe loss streaks without going busted. For wealthy investors the key point is to know when to stop, so they won't be caught by the house edge.

Moreover, as soon as profit is made, it should be invested and grown, so the gambling activity can continue being recurrent, without risking the entire gambler's funds in counterpart.

passwordnow

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Quote from: milewilda on July 06, 2022, 03:14:42 PM

Quote from: passwordnow on July 06, 2022, 03:07:34 PM

There's an "IF" on what OP has said and I agree to do that. If you have the goal of winning with the games that you've chosen like in dice, you should really allocate huge money on it if you will apply martingale. But, the question of it is how much will satisfy you each win?
If you're just the type that you're ok with any amount as long as you're win and the records show that they're all green, that won't be a matter to you.

People are different when it comes to approach on particular things specially on gambling where its normal that people would really be neither be contented on getting huge or small wins but its impossible for someone to ignore when they do know that they do have huge bankroll or capital that they do have which its normal that they will really be coming after for huge wins and this is where behavior changes .Gambling is for everyone and there's no such restriction whether you are a whale or a shrimp it wont matter because its free for everybody but we know on what are the advantage into those people
who do have bigger financial capability which its really obvious in talking about strategies applied and on the behavior that they do have on dealing with gambling activity.

There is the big advantage for those that have bigger bankrolls and they can go as much as they can without having that fear of losing them money. Well, if they lose and since they seemed prepared for it and has a lot of money, they'll go back anytime they want.
But for the small gamblers and like having a loss today is already big, it's harder for them to go back and even the recovery process is much harder.

chaser15

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Quote from: serjent05 on July 03, 2022, 06:37:36 PM

Quote from: chaser15 on July 03, 2022, 05:11:06 PM

Quote from: KennyR on July 03, 2022, 02:41:41 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.

You are just a failed gambler.

Lol don't be too harsh, OP is just frustrated and needs to vent out his frustration. So please go easy on him.

Apology to OP if it looked at that way but sometimes we need to go hard on a person just to realize his mistakes.

That's not even a harsh statement, to begin with. In OP's story, instead of realizing that he did a mistake, he still ends up at the conclusion that bag holders can take advantage of the martingale which is not. Even how large our bankroll is, martingale will surely wreck that large bankroll.

A whale is surely starting on above $1 minimum bet or even more if they will use martingale. Just do the math for consecutive losses. The house edge also plays a big role and betting in the long run, we already know what happened next in most cases.

darkangel11

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I don't get what kind of martingale this is, but OP couldn't even follow a simple strategy. First he doubled the bet after winning once, which he shouldn't do as you want to have your starting bet as low as possible to give you the most double rolls. Then, after winning twice, he upped the bet by more than 7 times and lost and he begun to double the bets from there which gave him just a few more bets because he had very low money for this to work.

Martingale is a high risk, low reward strat and you neeed to make the bet so low to have at least 15 rolls because I had 8 losses in a row many times. It happens often with dice. You need maybe 20+ to feel safe but for that your bet has to be very low. You have to start with 0.1 USD per roll to have a chance in case 10+ red hits you. With money for 7 bets you're fucked.

Oilacris

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Quote from: Joca97 on July 07, 2022, 02:44:00 PM

Everybody experiences big losses no matter if you have money or not. If you are a whale or not you can lose. Especially in casino games you can lose where it all depends on the house. Martingale is also really risky you need to play it smart

Losing in gambling having no exemptions which you had said whether you do have a big bankroll or not you are still prone to risk which people should really be reminding themselves.

Gambling is for entertainment but shouldnt really make yourself on spending much just to seek out for leisure.People do play mostly on making money which we know that it cant
really be always having that win so dont anticipate for having this way.Losses are always in next in line thats why we should be careful.

Martingale and other strategies doesnt really work in longer runs because a long losing streak could fucked you up easily.

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Quote from: KennyR on July 03, 2022, 02:41:41 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.

Everybody experiences big losses no matter if you have money or not. If you are a whale or not you can lose. Especially in casino games you can lose where it all depends on the house. Martingale is also really risky you need to play it smart

Theones

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Quote from: dothebeats on July 06, 2022, 11:11:45 PM

Gambling is for people responsible enough to know when to stop and not to chase losses. Even frugal gamblers can make bank through their luck and self-control, which clearly you do not possess right now. I see that you tried to chase your losses a couple of times and come to the conclusion that this is only for big bag holders. If you have been so conservative on your bets and just kept it steady, you could have breakeven, and perhaps you can even profit if a luck streak comes to your way.

I think everything is for big bag holders. The life, the entertainment, the fun, the sports everything. People like me only live paycheck to paycheck - keep earning and paying bills and that is their life.
For every entertainment or fun we have to make plans and budget. Lets hope one day - I too enjoy without worrying about money.

dothebeats

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Gambling is for people responsible enough to know when to stop and not to chase losses. Even frugal gamblers can make bank through their luck and self-control, which clearly you do not possess right now. I see that you tried to chase your losses a couple of times and come to the conclusion that this is only for big bag holders. If you have been so conservative on your bets and just kept it steady, you could have breakeven, and perhaps you can even profit if a luck streak comes to your way.

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Quote from: KennyR on July 03, 2022, 02:41:41 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.

-snip-

Martingale will always be a failed strategy. Even people with very "big" bags will end up losing everything eventually in the long run. To successfully run a martingale strategy you will need to have unlimited balance or number of coins. But why would someone with infinite money would want to gamble? They already have all the money they need.
Sad to see you lost everything. Why gamble with money that you can't afford to lose?

Topic: Gambling is for big bag holders - page 3. (Read 1465 times)