How many Bitcoins needed for martingale - page 2.

Bluestreet

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Quote from: maeusi on August 17, 2017, 05:24:38 PM

I know that the martingale system could only win if an infinite amount is available and an infinitely high amount is likely to be placed and Casinos are protected against martingale.
Nevertheless, it would be interesting for theory to calculate the amount in relation to the highest known loss sequence.
Example:
Game: Dice Game
Minimum bet: 1 Satoshi
Maximum bet: no limit.
Highest known loss sequence on dice game: ?

Necessary maximum amount for theoretical safe gain: ?

You can't do martingale forever as there is a limit on maximum amount of bitcoins that you can bet in a single game, so at last you will definitely loose in martingale too.
As far as I know I play on bustabit and there is a maximum limit of 1 BTC there.

Linuld

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Quote from: Omega Weapon on September 12, 2017, 12:49:06 PM

Quote from: pixie85 on September 10, 2017, 03:06:12 PM

Quote from: MANCRYPTOS on September 03, 2017, 05:29:23 AM

2) To play with Martingale you need unlimited balance to recover losses

Not true. You only need enough to allow you for a certain number of multiplied bets. That number is usually at least 30, preferably more. If you start with 0,0001, a 10 bets will bring you up to over 0.1, 15 bets to over 3 btc and so on. Being able to make ~30 bets in a row should keep you safe, but still nobody does that. You'd need to trust the site with a lot of coins and the reward wouldn't be that high anyway.

Something no matter how unlikely if you gave it enough time is going to eventually happen, having enough money to 30 bets is not enough, having money for 40 or 50 bets is not enough, if you keep playing is going to happen, this is why you see stories of people losing a fortune in the casino because they think it is never going to happen to them, that they are never going to lose 31 times in a row, but it happens all the time.

How many bets are not mattered, while using martingale method the betting amount continuously increasing. sometimes you are ready to play with the high amount to win martingale run. for this reason only all the sites will put one limit you can not place more than that limit. so you must accept your defeat. investing in martingale method is a waste of money.

Omega Weapon

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Quote from: pixie85 on September 10, 2017, 03:06:12 PM

Quote from: MANCRYPTOS on September 03, 2017, 05:29:23 AM

2) To play with Martingale you need unlimited balance to recover losses

Not true. You only need enough to allow you for a certain number of multiplied bets. That number is usually at least 30, preferably more. If you start with 0,0001, a 10 bets will bring you up to over 0.1, 15 bets to over 3 btc and so on. Being able to make ~30 bets in a row should keep you safe, but still nobody does that. You'd need to trust the site with a lot of coins and the reward wouldn't be that high anyway.

Something no matter how unlikely if you gave it enough time is going to eventually happen, having enough money to 30 bets is not enough, having money for 40 or 50 bets is not enough, if you keep playing is going to happen, this is why you see stories of people losing a fortune in the casino because they think it is never going to happen to them, that they are never going to lose 31 times in a row, but it happens all the time.

Bitinity

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Quote from: janeparamas on September 11, 2017, 12:58:47 AM

Quote from: pixie85 on September 10, 2017, 03:06:12 PM

Quote from: MANCRYPTOS on September 03, 2017, 05:29:23 AM

2) To play with Martingale you need unlimited balance to recover losses

Not true. You only need enough to allow you for a certain number of multiplied bets. That number is usually at least 30, preferably more. If you start with 0,0001, a 10 bets will bring you up to over 0.1, 15 bets to over 3 btc and so on. Being able to make ~30 bets in a row should keep you safe, but still nobody does that. You'd need to trust the site with a lot of coins and the reward wouldn't be that high anyway.

We can't say it's not true, he's right actually. If you have many bitcoins on your wallet, you can using martingale strategy for long run even with 10+ streak lose you still can cover it. That's why without many bitcoins, its better to not use martingale strategy. It's really risky though using this strategy.

Dude, remember the max profit on every sites. This limit will not let you win even if you have unlimited bankroll, 10+ streak is still a usual one, how if you meet 20+ or even 30+? Nothing is better, no matter you have many bitcoins or only small amount. Dont do martingale unless you are ready to lose all your money.

TeejayTJ

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Matingfail more likely. Will depend on BB Payout and Increase on lose. 2x on 1 sat BB at 100% increase on lose will need lots of time and bankroll. Longest streak I had on 2x on dice without increase on lose is 28. That is on bitsler. Imagine if you play on Freebitco.in with a house edge of 5.

janeparamas

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Quote from: pixie85 on September 10, 2017, 03:06:12 PM

Quote from: MANCRYPTOS on September 03, 2017, 05:29:23 AM

2) To play with Martingale you need unlimited balance to recover losses

Not true. You only need enough to allow you for a certain number of multiplied bets. That number is usually at least 30, preferably more. If you start with 0,0001, a 10 bets will bring you up to over 0.1, 15 bets to over 3 btc and so on. Being able to make ~30 bets in a row should keep you safe, but still nobody does that. You'd need to trust the site with a lot of coins and the reward wouldn't be that high anyway.

We can't say it's not true, he's right actually. If you have many bitcoins on your wallet, you can using martingale strategy for long run even with 10+ streak lose you still can cover it. That's why without many bitcoins, its better to not use martingale strategy. It's really risky though using this strategy.

RealPhotoshoper

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Quote from: pixie85 on September 10, 2017, 03:49:45 PM

Quote from: Skarner21 on September 10, 2017, 03:38:10 PM

Quote from: pixie85 on September 10, 2017, 03:06:12 PM

Quote from: MANCRYPTOS on September 03, 2017, 05:29:23 AM

2) To play with Martingale you need unlimited balance to recover losses

Not true. You only need enough to allow you for a certain number of multiplied bets. That number is usually at least 30, preferably more. If you start with 0,0001, a 10 bets will bring you up to over 0.1, 15 bets to over 3 btc and so on. Being able to make ~30 bets in a row should keep you safe, but still nobody does that. You'd need to trust the site with a lot of coins and the reward wouldn't be that high anyway.

I think also betting sytem like in dice game has limited of maximum of sometimes 0.1 maximum bets to 1 btc so unlimited will never recover your loses you will just losing all of your money and bitcoin for nothing using martingale and gambling is just for lucky person if you are not lucky you will not make any profit..
So better to gamble that you can afford to lose play for entertainment or fun not for making dream and make a large profit in gambling..

You're right. It only makes things more interesting. Instead of betting the same amount all the time you're varying bets based on the outcome of the previous rolls, but in reality your chances remain the same. Martingale gives players fake hope.

Martingale will always be anticipated by every single casino.
You might win in the first or second rolls , but keep getting losing streaks in the end.
Don't ever try martingle , you will have a lot of regret , that is what people have experienced , and i just told you guys , it is the most attractive and dangerous strategy.

Darklinkz

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Martingale is still not a perfect strategy because you are playing it online so the odds are still in favor of those casinos.

pixie85

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Quote from: Skarner21 on September 10, 2017, 03:38:10 PM

Quote from: pixie85 on September 10, 2017, 03:06:12 PM

Quote from: MANCRYPTOS on September 03, 2017, 05:29:23 AM

2) To play with Martingale you need unlimited balance to recover losses

Not true. You only need enough to allow you for a certain number of multiplied bets. That number is usually at least 30, preferably more. If you start with 0,0001, a 10 bets will bring you up to over 0.1, 15 bets to over 3 btc and so on. Being able to make ~30 bets in a row should keep you safe, but still nobody does that. You'd need to trust the site with a lot of coins and the reward wouldn't be that high anyway.

I think also betting sytem like in dice game has limited of maximum of sometimes 0.1 maximum bets to 1 btc so unlimited will never recover your loses you will just losing all of your money and bitcoin for nothing using martingale and gambling is just for lucky person if you are not lucky you will not make any profit..
So better to gamble that you can afford to lose play for entertainment or fun not for making dream and make a large profit in gambling..

You're right. It only makes things more interesting. Instead of betting the same amount all the time you're varying bets based on the outcome of the previous rolls, but in reality your chances remain the same. Martingale gives players fake hope.

Skarner21

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Massive price drop coming...

Quote from: pixie85 on September 10, 2017, 03:06:12 PM

Quote from: MANCRYPTOS on September 03, 2017, 05:29:23 AM

2) To play with Martingale you need unlimited balance to recover losses

Not true. You only need enough to allow you for a certain number of multiplied bets. That number is usually at least 30, preferably more. If you start with 0,0001, a 10 bets will bring you up to over 0.1, 15 bets to over 3 btc and so on. Being able to make ~30 bets in a row should keep you safe, but still nobody does that. You'd need to trust the site with a lot of coins and the reward wouldn't be that high anyway.

I think also betting sytem like in dice game has limited of maximum of sometimes 0.1 maximum bets to 1 btc so unlimited will never recover your loses you will just losing all of your money and bitcoin for nothing using martingale and gambling is just for lucky person if you are not lucky you will not make any profit..
So better to gamble that you can afford to lose play for entertainment or fun not for making dream and make a large profit in gambling..

pixie85

hero member

Activity: 2170

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Quote from: MANCRYPTOS on September 03, 2017, 05:29:23 AM

2) To play with Martingale you need unlimited balance to recover losses

Not true. You only need enough to allow you for a certain number of multiplied bets. That number is usually at least 30, preferably more. If you start with 0,0001, a 10 bets will bring you up to over 0.1, 15 bets to over 3 btc and so on. Being able to make ~30 bets in a row should keep you safe, but still nobody does that. You'd need to trust the site with a lot of coins and the reward wouldn't be that high anyway.

hatshepsut93

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Quote from: maeusi on August 17, 2017, 05:24:38 PM

I know that the martingale system could only win if an infinite amount is available and an infinitely high amount is likely to be placed and Casinos are protected against martingale.
Nevertheless, it would be interesting for theory to calculate the amount in relation to the highest known loss sequence.
Example:
Game: Dice Game
Minimum bet: 1 Satoshi
Maximum bet: no limit.
Highest known loss sequence on dice game: ?

Necessary maximum amount for theoretical safe gain: ?

It doesn't really matter how you bet, there will never be a safe bet (that would mean free money for players and free loss for casino). The safest bet you can get on dice sites would have 98-99% chance to win, but the payout would be extremely small, so to get any decent returns, you would have to make huge bets, and with each bet you will be risking to lose it all. And your Expected Value will always be the same, not matter which strategy do you use, so in the long run you can expect pretty close results from all strategies.

buyinbtc

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Quote from: maeusi on August 17, 2017, 05:24:38 PM

I know that the martingale system could only win if an infinite amount is available and an infinitely high amount is likely to be placed and Casinos are protected against martingale.
Nevertheless, it would be interesting for theory to calculate the amount in relation to the highest known loss sequence.
Example:
Game: Dice Game
Minimum bet: 1 Satoshi
Maximum bet: no limit.
Highest known loss sequence on dice game: ?

Necessary maximum amount for theoretical safe gain: ?

I really wouldn't recommend you to use martingale strategy, even if you had 10 bitcoins to bet. It is simple too risky and time wasting... It is faster to simply do all in on 50/50 and ether win or lose. I saw people got 25 and more lose streaks which made them to lose everything.

rickadone

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Quote from: chris200x9 on September 08, 2017, 11:05:02 PM

Quote from: treather on September 04, 2017, 01:49:56 AM

All the bitcoins in the world is not enough for the martingale system. It is a failed and very dangerous system. If you have a large amount of coins, hold it
It is far better than martingale.

What you said is correct. We need unlimited Bitcoin or any other coins to play martingale method because no one knows how many maximum continuous losses you can get while using this method. That's why always gambling houses make money and players lose. Spend only limited money on these games don't be greedy to earn an easy money.

Those folks who think that martingales or any other strategy can win those bitcoins in random games like the dice or slots are just wasting their time. This strategy does not guarantee you victory but it is just a way to recover your losses and earn profit if you are lucky to win at least one shot.

chris200x9

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Quote from: treather on September 04, 2017, 01:49:56 AM

All the bitcoins in the world is not enough for the martingale system. It is a failed and very dangerous system. If you have a large amount of coins, hold it
It is far better than martingale.

What you said is correct. We need unlimited Bitcoin or any other coins to play martingale method because no one knows how many maximum continuous losses you can get while using this method. That's why always gambling houses make money and players lose. Spend only limited money on these games don't be greedy to earn an easy money.

Omega Weapon

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Quote from: EdenHazard on September 03, 2017, 03:03:25 AM

Quote from: BossMacko on September 01, 2017, 11:58:55 PM

In a 49% chance expect a losing streak 50+ even 1 BTC is not enough if you are going to use martingale as your strategy even if you start with 1 satoshi. There are many better strategies than martingale. Sometimes you need to combine some of strategies to make a better one but you can only use it sometimes because if you will do it everyday in the end you will lose every balance you have.

yes that is true , people should realize soon about the danger using martingale.

otherwise your money will get burned no matter how much available. keep doubling your bet are not the best and smart way to gamble , it is just make your situation even more messed up. everybody nowadays have know already about this , don't get greedy and make a stupid martingale useless strategy.

People get fooled very easily thanks to their greed, some promote martingale as a strategy that wins 99% of the time, people see this and get excited and think they have found a way to beat the casino, but what those people never tell you is that when you hit that 1% you are going to lose your entire bankroll and that is why we got so many stories about people losing their money with such a flawed strategy.

gabmen

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Quote from: treather on September 04, 2017, 01:49:56 AM

All the bitcoins in the world is not enough for the martingale system. It is a failed and very dangerous system. If you have a large amount of coins, hold it
It is far better than martingale.

If you're that greedy then yeah you're right. You're just going to keep on betting and betting whether you win or not. You're certain to win with martingale but the problem is up until when are you will to play? Because every round, the bets keep on increasing so you risk losing a bigger amount the next time you bet

BitcoinSupremo

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If you have let's say about 100.000 bitcoins and start the game with 0.01 btc per bet in sport betting with odds 2 or more, I am pretty sure you will come out as a winner but the amount will be low and all the stress you will be having until you have a win it is not worth it. Martingale works when you have a really large bankroll and only in sport betting , used to work on roulette but many casinos have betting limits there so you can't use it.

treather

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All the bitcoins in the world is not enough for the martingale system. It is a failed and very dangerous system. If you have a large amount of coins, hold it
It is far better than martingale.

sukamasoto

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Black Panther

Just stop when you feel it's time to stop since martiangle will make you loss if you keep running them in long term.
Martiangle usually provide quick profit on short term so even with 1 satoshi, you're able win up to 0.01 which I'm consider as " enough " rather than regret

Topic: How many Bitcoins needed for martingale - page 2. (Read 1732 times)