Topic: How many Bitcoins needed for martingale - page 3. (Read 1782 times)
About the results of applying Martingale's method In practice can be read here: http://sportstatist.com/the-pitfalls-of-martingale-money-management-strategy/
It depends on your bet amount you told you will start from 1 satoshi then 0.1 bitcoin would be sufficient you surely need to set a stop profit amount if you don't do that you will make nice profit but just one lost roll can ruin everything don't be greedy with this strategy and don't forget to set a stop profit
I think for martingale method you must have an unlimited bankroll to make sure you will win always otherwise no way you can win money from this method. You don't know when your losing streak will start in this method and eat away you 0.1 bankroll. Dice game is only good for fun not for making money and no methods will work in this game.
1) Martingale for me is not method because it is an easy X2 double only
2) To play with Martingale you need unlimited balance to recover losses
3) The martingale is for short usage betting
4) My suggestion is not used martingale. Better is to use low % win chance
2) To play with Martingale you need unlimited balance to recover losses
3) The martingale is for short usage betting
4) My suggestion is not used martingale. Better is to use low % win chance
Martingle is the worst strategy in gambling it's impossible to win with this strategy these strategies are free money for the site or the casino martingle strategy doesn't provide much chances of winning and if you try it with few funds after every win no matter what you get 2 losses which will take up all your bankroll
It's one of the best method and I think it's one of the popular in betting method in gambling, in dice I use martingale but I do realize this does not gonna work in a longer period of time because the house edge is something we cannot beat whatever method we have. This would work if you are lucky and you have a decent bankroll at the same time, but it's only for short term so you have to be discipline to execute your short term plan and stop outright when you win.
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.
Martingle is the worst strategy in gambling it's impossible to win with this strategy these strategies are free money for the site or the casino martingle strategy doesn't provide much chances of winning and if you try it with few funds after every win no matter what you get 2 losses which will take up all your bankroll
It depends on your bet amount you told you will start from 1 satoshi then 0.1 bitcoin would be sufficient you surely need to set a stop profit amount if you don't do that you will make nice profit but just one lost roll can ruin everything don't be greedy with this strategy and don't forget to set a stop profit
I think for martingale method you must have an unlimited bankroll to make sure you will win always otherwise no way you can win money from this method. You don't know when your losing streak will start in this method and eat away you 0.1 bankroll. Dice game is only good for fun not for making money and no methods will work in this game.
Unlimited bankroll will not make you always win doing martingale, there will come the time when you reach the max profit per bet on the casino and you will need to start again and again.
It depends on your bet amount you told you will start from 1 satoshi then 0.1 bitcoin would be sufficient you surely need to set a stop profit amount if you don't do that you will make nice profit but just one lost roll can ruin everything don't be greedy with this strategy and don't forget to set a stop profit
I think for martingale method you must have an unlimited bankroll to make sure you will win always otherwise no way you can win money from this method. You don't know when your losing streak will start in this method and eat away you 0.1 bankroll. Dice game is only good for fun not for making money and no methods will work in this game.
Unlimited bankroll will not make you always win doing martingale, there will come the time when you reach the max profit per bet on the casino and you will need to start again and again.
It depends on your bet amount you told you will start from 1 satoshi then 0.1 bitcoin would be sufficient you surely need to set a stop profit amount if you don't do that you will make nice profit but just one lost roll can ruin everything don't be greedy with this strategy and don't forget to set a stop profit
I think for martingale method you must have an unlimited bankroll to make sure you will win always otherwise no way you can win money from this method. You don't know when your losing streak will start in this method and eat away you 0.1 bankroll. Dice game is only good for fun not for making money and no methods will work in this game.
It depends on your bet amount you told you will start from 1 satoshi then 0.1 bitcoin would be sufficient you surely need to set a stop profit amount if you don't do that you will make nice profit but just one lost roll can ruin everything don't be greedy with this strategy and don't forget to set a stop profit
Stop profit? Do you know if you set up that in one moment you will lose most of you chips and auto betting will just stop on your loss. 0.1 is sufficient for martingale strategy but its perfectly good amount for betting. With that amount I would play some more serious game, black jack, roulette, slots. Dices are interesting game but I wouldn't risk more then 10 mBTC on that game ever again, I lost much more bitcoins then I won in that game and I said it to myself no more. Now I play dices just for fun, and if I make double I immediately stop and withdraw, I play without specific strategy, I watch history and I try to hit numbers that I didn't see with highest possible odd, and I play with every next bet doubled, and sometimes ibhsve luck sometimes not, that are dices tricky game.
It depends on your bet amount you told you will start from 1 satoshi then 0.1 bitcoin would be sufficient you surely need to set a stop profit amount if you don't do that you will make nice profit but just one lost roll can ruin everything don't be greedy with this strategy and don't forget to set a stop profit
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.
I do not recommend this martingale method, the return or the profit is too small compared to what you can afford to lose, you can lose all of your balance in matter of minutes just to win about 5% of your entire balance, theres better methods out there but I never liked this martingale one. Good luck if you decide otherwise.
The martingale method is very bad because the more money you bet the greater you are affected by the house edge, if the house edge is 2% and your average bet is 0.001BTC then supposing you make 10 bets every minute then you are going to lose 0.002 BTC on average every ten minutes but with martingale your average bet is going to go through the roof and with it your losses.Well martingale can be good if you only have an unlimited bankroll because the game cannot keep bringing a single outcome throughout the day it will definitely change its lines and so if you have s lot of money that you can be doubling after every loss then martingale will work for you else just forget about it because you can get bankrupt along the way.
I do not recommend this martingale method, the return or the profit is too small compared to what you can afford to lose, you can lose all of your balance in matter of minutes just to win about 5% of your entire balance, theres better methods out there but I never liked this martingale one. Good luck if you decide otherwise.
The martingale method is very bad because the more money you bet the greater you are affected by the house edge, if the house edge is 2% and your average bet is 0.001BTC then supposing you make 10 bets every minute then you are going to lose 0.002 BTC on average every ten minutes but with martingale your average bet is going to go through the roof and with it your losses.Well martingale can be good if you only have an unlimited bankroll because the game cannot keep bringing a single outcome throughout the day it will definitely change its lines and so if you have s lot of money that you can be doubling after every loss then martingale will work for you else just forget about it because you can get bankrupt along the way.
How long is a piece of string ? It depends how long you want to play for really. The more you have the longer it takes to eventually bust. So you must hope for good luck you make good profits before then and then decide if it's enough or not and if you want to carry on.
So there really is no real answer. I think the best answer to the question would be that it depends on what you willing to lose.
So there really is no real answer. I think the best answer to the question would be that it depends on what you willing to lose.
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: ?
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: ?
Are you sure with that minimum bet 1 satoshi ? That is really small and your profit will be small too, even its more safety using that way. Actually more higher your bankroll, more safety that you got. Because you still can run even you got 10 lose streak or even more. I think the minimum balance is 1-5bitcoin and with base bet 0.001, you can do it for long run.
I do not recommend this martingale method, the return or the profit is too small compared to what you can afford to lose, you can lose all of your balance in matter of minutes just to win about 5% of your entire balance, theres better methods out there but I never liked this martingale one. Good luck if you decide otherwise.
The martingale method is very bad because the more money you bet the greater you are affected by the house edge, if the house edge is 2% and your average bet is 0.001BTC then supposing you make 10 bets every minute then you are going to lose 0.002 BTC on average every ten minutes but with martingale your average bet is going to go through the roof and with it your losses.Well martingale can be good if you only have an unlimited bankroll because the game cannot keep bringing a single outcome throughout the day it will definitely change its lines and so if you have s lot of money that you can be doubling after every loss then martingale will work for you else just forget about it because you can get bankrupt along the way.
I think it depends on how long of consecutive lost are you planning to beat. YOu just simply calculate the base bet and the multiplier then add all of them. That is the amount you need to widthstand a certain losing streak.
It doesn't just depend on the consecutive losing streak, because no one can predict how long a losing streak anyone can lose in a martin gale system.
Even if you set something like 10 losses and that is it, it doesn't guarantee you will not lose on the very first few bets you make.
I do not recommend this martingale method, the return or the profit is too small compared to what you can afford to lose, you can lose all of your balance in matter of minutes just to win about 5% of your entire balance, theres better methods out there but I never liked this martingale one. Good luck if you decide otherwise.
The martingale method is very bad because the more money you bet the greater you are affected by the house edge, if the house edge is 2% and your average bet is 0.001BTC then supposing you make 10 bets every minute then you are going to lose 0.002 BTC on average every ten minutes but with martingale your average bet is going to go through the roof and with it your losses. I think it depends on how long of consecutive lost are you planning to beat. YOu just simply calculate the base bet and the multiplier then add all of them. That is the amount you need to widthstand a certain losing streak.
It doesn't just depend on the consecutive losing streak, because no one can predict how long a losing streak anyone can lose in a martin gale system.
Even if you set something like 10 losses and that is it, it doesn't guarantee you will not lose on the very first few bets you make.
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