Topic: How many Bitcoins needed for martingale - page 4. (Read 1782 times)
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.
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 returns are even worse, because for every "streak" you do, you only win your initial bet.
This also means that if you are at say bet 10, you are risking 1024x your initial bet, just to win your initial bet to start with (and ofcourse the rest that you lost along the way).
That is simply mental. It only works in a vacuum.
I agree to the others, a pure Martingale will never lead to a win in the long-term.
But what does long-term mean?
In my experience, i was able to increase my bankroll from 0.01 to 0.16 in about 3 weeks. I made 10% Profit daily and then quit. Sure, a longer losing streak
can always accure, but if you Play at low bets, it might last for a while.
My Tips?
Change the seeds often. Change bet Odds and starting bets.
But the MOST important...
1. Know when to stop.
It's ok to lose. If a long losing streaks kicks in, it's very likely to kill your whole Balance. Stop it before.
2. Use prerolls.
For example: You decide for a payout of 2. Bet 1 Satoshi and wait for a losing streak of 4 or 5 and THEN start with your main bet. From this Point, Martingale till you win and start again.
3. Change between Dicing sites - i recommend bitsler and primedice.
And last but not least...
YES, I've also lost my whole Balance since i was too greedy
but that's gambling, right? 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.
That might be your opinion on Martingale but in most dice casinos, I've seen people multiplying their balance by multiple folds by using this method. Given that the loss streak doesn't hit, you are guaranteed profit and it doesn't matter if it's 5% because with a 50 BTC bankroll, you're making 2.5 BTC profit which is quite a lot. Also, probability clearly tells that the chances of busting is very low with increase in the number of bets in this method.
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.
Liking or not depends on the person's perspective. For me martingale is a good method, saving you from headaches of thinking strategy. This martingale is no difference than any method since all method need to win against the system. If you know when to quit in martingale, you will alway book a good profit from it but if you do not know when and you keep the dice rollin continously then definitely you will lose everything.
Ive seen people that do this method to win about $10-$50 per day and then they stop for the day. Its just that a lot of people dont know when to quit, which will be my case.
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.
Liking or not depends on the person's perspective. For me martingale is a good method, saving you from headaches of thinking strategy. This martingale is no difference than any method since all method need to win against the system. If you know when to quit in martingale, you will alway book a good profit from it but if you do not know when and you keep the dice rollin continously then definitely you will lose everything.
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.
Well.. we need unlimited of bitcoins to play gambling using strategy martiangle because every time we are lost in gambling,
we must make doubles betting from the first lost and keeps continuous every time losing.
The bad thing from this strategy is no one people around the who have unlimited money, this strategy is never work in gambling
many people have tried this strategy and they just got losing large of money.
Not only you are going to need an unlimited amount of money, no casino allows you to bet an unlimited amount of money, there are limits to how much you can bet in a single roll of a dice so when you come to the point where the amount you need to bet in your martingale system is bigger than the allowed bet then you know that you are going to lose a lot of money. we must make doubles betting from the first lost and keeps continuous every time losing.
The bad thing from this strategy is no one people around the who have unlimited money, this strategy is never work in gambling
many people have tried this strategy and they just got losing large of money.
You need to have a bankroll that you can afford to lose because no one has an unlimited money, otherwise we will not gamble.
Actually martingale is just good looking as a betting system but in reality you will still lose in the long run, dice games generate fast results however there is a house edge that will definitely gonna kill our bankroll in the long run.
Actually martingale is just good looking as a betting system but in reality you will still lose in the long run, dice games generate fast results however there is a house edge that will definitely gonna kill our bankroll in the long run.
It all depends on your starting capital, if your starting Bitcoin value is small you can keep doubling for a long time until you eventually win them. I haven't seen a lopsided game for more than 20 times without playing the opposite so I will suggest a martingale value that you can st least double upto the thirtieth time and you should be fine.
That would be quite a huge amount if you go to x30 but its the same when you do it in btc or fiat. To at least have a decent chance, you need to have a big capital and expect losses along the way. Though i don't trust martingale to really give me profits because itbhas been proven to be a sham especially if you do it for a long time
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: ?
0.1 BTC needed for martingaleNevertheless, 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: ?
Highest known loss sequence on dice game: ? 15 but up to 23 strike loose , if loose x4
Necessary maximum amount for theoretical safe gain: ? 100K sats
It all depends on your starting capital, if your starting Bitcoin value is small you can keep doubling for a long time until you eventually win them. I haven't seen a lopsided game for more than 20 times without playing the opposite so I will suggest a martingale value that you can st least double upto the thirtieth time and you should be fine.
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: ?
0.1 BTC needed for martingaleNevertheless, 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: ?
Highest known loss sequence on dice game: ? 15 but up to 23 strike loose , if loose x4
Necessary maximum amount for theoretical safe gain: ? 100K sats
Wow, you haven't gambled too much have you? You can even check the wizardofodds.com to see facts for yourself. 15 - 23 straight losses are not uncommon. It happens and you would not even believe how quick it will happen. There is really no chance anyone can profit from playing dice using a martin gale system.
the house works with their system 23 streak can also be 27 or more than that so how can you recalculate that if you are already in the middle of the
game so there's no exact amount that you need its luck which you can really relied.
I already tried that in several online gambling sites but it's really not working. Maybe half an hour, you feel like you are controlling the game but a couple of minutes more you are on your maximum bet and poof , all is gone. Huge bankroll also doesn't work because 20x continuing losses only apply but not 20x continuing wins.
it's actually works but in temporary time only. i mean in short term you might have a profitable session , but the greedy always there waiting for you . and guess what usually happened? yeah your desire to get more and more winning lead into bigger lossed than what you have earned before. the conclusion are you won't make money no matter how good you are or how large your bankroll it is. 
There is calculator to enumerate potential to be prepared in martingale. If without limit, the risk we reach is zero balance. Many have proven. I think, if indeed gambler should take another path. And if want to try martingale, you should limit your profits. Because it's make better.
I already tried that in several online gambling sites but it's really not working. Maybe half an hour, you feel like you are controlling the game but a couple of minutes more you are on your maximum bet and poof , all is gone. Huge bankroll also doesn't work because 20x continuing losses only apply but not 20x continuing wins.
I not yet experience 20x loosing streak and I don't want too but if you start at the lower price and if you have more btc I think it might work for some time but not as always.
I already tried that in several online gambling sites but it's really not working. Maybe half an hour, you feel like you are controlling the game but a couple of minutes more you are on your maximum bet and poof , all is gone. Huge bankroll also doesn't work because 20x continuing losses only apply but not 20x continuing wins.
I not yet experience 20x loosing streak and I don't want too but if you start at the lower price and if you have more btc I think it might work for some time but not as always.I already tried that in several online gambling sites but it's really not working. Maybe half an hour, you feel like you are controlling the game but a couple of minutes more you are on your maximum bet and poof , all is gone. Huge bankroll also doesn't work because 20x continuing losses only apply but not 20x continuing wins.
I not yet experience 20x loosing streak and I don't want too but if you start at the lower price and if you have more btc I think it might work for some time but not as always.
I already tried that in several online gambling sites but it's really not working. Maybe half an hour, you feel like you are controlling the game but a couple of minutes more you are on your maximum bet and poof , all is gone. Huge bankroll also doesn't work because 20x continuing losses only apply but not 20x continuing wins.
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: ?
0.1 BTC needed for martingaleNevertheless, 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: ?
Highest known loss sequence on dice game: ? 15 but up to 23 strike loose , if loose x4
Necessary maximum amount for theoretical safe gain: ? 100K sats
Yes 0.1 as your bankroll with x4 on lose and you'll bust very soon. No matter how much your bankroll, martinfail will kill your bankroll sooner or later. Remember that there is a max cap on gambling site, even if you have unlimited bankroll but if you reach the max cap while getting loses streak then you wont be able to continue your martingale.
It requires super luck to make you profitable ,
Otherwise i am sure 99 percents you will always fail to achieve profit no matter how hard you are trying ,
Don't be greedy makes you to use martingale it's completely worst strategy ever.
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