Gambling is for big bag holders - page 7.

Baofeng

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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 guess you are just too emotional, same here, when I played, I wish I have more capital so that I can wager max bet every game or even in every slots. But it is what it is, we have to take into consideration our budget and we have to play around with it. Specially if you have sort of experience better betting huge because you have big capital back then. But as time goes by, we need to adjust so that we can continue and play. As for the Martingale, it's a hit or miss strategy, it is still have some element of luck in order for this strategy to work.

TopT3ns

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I think this is still very small, do you remember when the price of Dogecoin was still very small and very cheap? at that time many people were gambling and when you saw the Dogecoin exchange rate when it happened a few months ago then you will regret it because the selling value is very high, so when your transaction is recorded in the withdrawal history without you knowing it will make you regret because selling all the gambling results at cheap prices or spending that much money just to gamble.

swogerino

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Quote from: uneng on July 04, 2022, 02:12:08 AM

Oh, that is painful. Sometimes Martingale looks great and gives confidence to the gambler, but in other times it looks a nightmare! Sadly i lost my signature weekly earnings as well last week on diamonds' game and dice right after, in an attempt to recover what I lost previously, also applying Martingale. The worst moment was to lose 3x in a roll with more or less 64% winning chance and then my balance was practically entirely gone.

It seems too much confidence is also a big issue for gamblers...

That can be devastating to believe that you are going to get back your losses.I also have lost several times my complete weekly signature earnings and we know because we are in the same signature that the payout here is one of the best,most of the time surpassing that 100 USD mark.I have done so because I believed deep down in me that the slot machine will give the bonus round so I kept increasing the bet,somewhat of a Martingale system but of course not the same as in dice or roulette and I ended up losing everything.Luckily from quite some weeks now I am able to have great self control and either lose only 10-20 dollars and quit or if I have luck withdraw a good amount surplus to the signature earnings.

danherbias07

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Sorry for your loss.
This is why I just stick with sports gambling. I hate seeing those types of losses that happen in just minutes or hours. I like betting on games that take a lot of time like poker or like I said sports betting.
Bro, you should've been ready about the consequences of this martingale-type strategy. It does require an enormous amount of capital. Well, you could continue from where you left but there's no guarantee it will fall on a win yet.

Dart18

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You used martingale, what do you expect? It really needs a big bag of money until you get the win. If you only have that amount of balance it's possible it may not work. Remember, the house always win so you have the lowest chance to make it while increasing the amount for every bet.
You should've tested it first in some simulation at how much it will cost you before jumping the gun. This ain't recommended for those who just seeks to get lucky, must have a plan.

peter0425

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Not totally for Big bag holders but at least for those who can carry their money and losses constantly and never to seek win continuously .
and also for people who knows their boundary and will not use the desire to get what they wanted but knows how it may ends and when to start .
this is gambling and this is how it works.
for those new in gambling may not understand what this is but eventually as you continues to gamble then this things will come your way.

uneng

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Oh, that is painful. Sometimes Martingale looks great and gives confidence to the gambler, but in other times it looks a nightmare! Sadly i lost my signature weekly earnings as well last week on diamonds' game and dice right after, in an attempt to recover what I lost previously, also applying Martingale. The worst moment was to lose 3x in a roll with more or less 64% winning chance and then my balance was practically entirely gone.

It seems too much confidence is also a big issue for gamblers...

bitterguy28

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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.

martingale is completely a mess if you are a small time gambler , how could you double each bet when you have small amount of funds available .
But telling us about gambling is for Big Bag Holder? I doubt this is true mate , I am still letting my self lose sometime and win sometime but accepting the fact to never expect anything best m instead enjoying the situation while gambling.

Mauser

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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 really understand that screenshot, how is this martingale strategy if you lose such large amounts. How are you going from winning 0.85 cents to losing 6.35 USD and then up to 133 USD. Something seems off on your strategy, either you are jumping too high to quickly with your bet size or you started way to high with your initial bet and don't have enough funds to cover a few losses. The idea behind a martingale strategy is that you increase your bet size to cover any previous losses with one single bet. That's why a martingale strategy should always be a percentage of your total bankroll and not a fixed number. If you work in percentages than you don't need a big bag of money, you can build yourself up.

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Quote from: Jating on July 03, 2022, 10:44:37 PM

I think majority here as small to medium gamblers? at least me personally, I don't consider myself as whales or big bag holders.

Yes, it is. But gambling is not just for big bag holders because gambling is for everyone. But of course, people who want to gamble should pay attention to the other things to prevent the big loss. For small to medium gamblers, losing a big amount is too sad but for big gamblers, that is not a problem as they still have more funds to continue gamble.

If someone can see the loss, he can gamble but should not use the money he can not afford to lose big money because that will make them feel sad seeing the money is gone.

Don Pedro Dinero

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Quote from: Davidvictorson on July 03, 2022, 04:17:18 AM

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

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

The gambler's fallacy.

Aside from this, I just can't understand how people today still believe that martingale is a strategy with which they can beat the house in the long run. I guess because they try it and as in short streaks they have positive results, but where they earn little for what they risk, without understanding the mathematical basis, they think it is a strategy of positive mathematical expectation.

Quote from: bittraffic on July 03, 2022, 10:47:07 PM

It wouldn't stop OP from gambling again, many failed but will still keep trying after earning just few BTC. Its not unusual to see people lose but will chase the loss. Some of those who holds altcoin bags loses money as prices go down but instead of just keep holding, they tend to gamble to try the luck.

I think so. No matter what we explain to the OP about gambler's fallacy or martingale. It doesn't matter. He's going to try to do the same thing again.

Wexnident

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Well, you ARE playing with martingale. It might be a common strategy offered by most people (and it's probably the most known tbf), but it's honestly just for big bag holders. It may be good if luck hits you pretty well and your losses were well within range, but if it maxes out well your entire bankroll is finished in a few bets. Well if you were to do small bets with a big bankroll it could last you longer but yea if luck hits you pretty badly even with martingale you'd still lose them all (which is the case always with gambling anyway).

bittraffic

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Quote from: LogitechMouse on July 03, 2022, 10:28:36 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.

Too harsh

.

It wouldn't stop OP from gambling again, many failed but will still keep trying after earning just few BTC. Its not unusual to see people lose but will chase the loss. Some of those who holds altcoin bags loses money as prices go down but instead of just keep holding, they tend to gamble to try the luck.

He will come back for Revenge!! Cheesy

Honestly, I really think losing such steaks of up to more than 5 seem rigged already.

Jating

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I think majority here as small to medium gamblers? at least me personally, I don't consider myself as whales or big bag holders.

So for us, we can still have some fun and then win if we get lucky. We don't need to be big bettors, just enough for us to bet and then see how it goes. The problem is that there are gamblers who wanted to hit big jackpot and see they play with too much money that they can't afford to lose. And there are no foul-proof strategy, not 100%, if will still be based on luck specially the martingale system.

Darker45

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No, this is wrong. Gambling is not only for big bag holders. Gambling is also for those who only have a small amount to lose. The reason why this impression is developed among some gamblers is probably the urge or perhaps the assumption that we have to chase our losses, that we have to recover them. This is wrong and this is also risky. It has been advised over and over again that we shouldn't chase our losses. And perhaps worse, if we use Martingale for that. Your wallet would be drained very quickly if you do that.

LogitechMouse

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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,
~

I disagree.
Gambling is for everyone but winning isn't for everyone Wink

. Your chances of winning is higher only if you have more money but with you can still gamble even you only have 1$.

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

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

Do you expect a strategy that gives you 100% profit?
Martingale still fails even you have big bag of money so what's the difference? Martingale isn't a strategy that will gives you profit 100%. Just move on if the picture that you posted is yours. Learn from it and don't use martingale anymore because many also loss money by using it.

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.

Too harsh

.

Fundamentals Of

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Lol. Why? Are you still trying to make Martingale work until now? Is there still a gambler until today who wants to prove the worth of the Martingale system? Not only does the Martingale system fail to work if you don't have a big bag of money, it will fail to work if your money is not unlimited. In dice, it is very possible that you would have a losing streak as long as 20. If you don't have unlimited wealth, all your wealth is already eaten up by your 20th loss.

Nrcewker

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Really sad to hear about your loss OP.
I would suggest each and every gambler, that don’t try one strategy for more than once.
In Gambling in order to win or make profit, you don’t need to have a big balance, rather a good luck.
And if you don’t have the capability to bear losses, I would suggest better not to gamble.
The base bet was low I can see that thing in the OP, but the base bet multiplier was high, for which the OP became bankrupt in few rolls.
Nevertheless I would suggest to try sportsbetting rather than casino games. As it requires skills more than lucks.

lienfaye

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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.

Its not only meant for big bag holders, anyone can gamble regardless of how much you have. Anyway if you're not prepared to lose then you should not gamble your crypto in the first place because you really cant guarantee to win knowing how risky gambling is.

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

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

How certain are you? You played dice and its a luck based game.

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

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

Martingale is a risky strategy. Im using this strategy when im running out of funds, sometimes working but most of the time its not. If you have more funds, chances are either you get back what you've lost or you lose more.

ChiBitCTy

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No anyone with a reasonable income who makes enough to money to have some they can “spare” as spending money for entertainment or home run type investing can gamble as long as they measure how much they ate gambling properly. It unfortunately seems you’re gambling out of your means.

Topic: Gambling is for big bag holders - page 7. (Read 1463 times)