How many Bitcoins needed for martingale - page 6.

bajing

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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: ?

There is no exact value when using martingale because the key to win in martingale is just an estimate. For example you start a bet with 1 satoshi and you think will win on the 15th bet then you just set the balance up till up to the 15th bet.

emberbekas

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When we play with martingale, even though we had for example unlimited bankroll, there will be max profit on every gambling sites hence people mostly will end up losing when they used it very often because such condition (can't place a bet due to exceeding max profit ) will be met if we played it very long.

maeusi

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Quote from: chris200x9 on August 19, 2017, 01:56:58 AM

Quote from: maeusi on August 18, 2017, 08:02:49 AM

Maybe there could be an opportunity to lower the risked amount and play with high risk limited martingale

Ok, with bitcoin it would be difficult when not impossible.
Lets take an example with dogecoin.
Amount: 1000 doge
Bet minimum 0.00000010
Base bet: 0.00000010
Limited to 10 doge bet
Risk 17 %
If win: return to base bet
If loose: Triple (base bet x 3)

Firstly I don't think any site will allow you to bet so small amount in Dogecoin any dice site. If I'm correct the minimum amount should be one Dogecoin in most of the dice sites to bet. To try your above method you may need a lot of coins and still, there is no guaranty one can win. Nothing wrong in trying but don't expect you will win from this method instead just play for fun and if you're lucky then you may win.

There are sites those alllow the very low bet amounts I tried it out and it worked at beginning with luck and then lost the profit

Yes its just for fun. The goal would be to find a strategy where one will stay as long as possible "alive" with his amount, have fun or make profit or both.

chris200x9

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Quote from: maeusi on August 18, 2017, 08:02:49 AM

Maybe there could be an opportunity to lower the risked amount and play with high risk limited martingale

Ok, with bitcoin it would be difficult when not impossible.
Lets take an example with dogecoin.
Amount: 1000 doge
Bet minimum 0.00000010
Base bet: 0.00000010
Limited to 10 doge bet
Risk 17 %
If win: return to base bet
If loose: Triple (base bet x 3)

Firstly I don't think any site will allow you to bet so small amount in Dogecoin any dice site. If I'm correct the minimum amount should be one Dogecoin in most of the dice sites to bet. To try your above method you may need a lot of coins and still, there is no guaranty one can win. Nothing wrong in trying but don't expect you will win from this method instead just play for fun and if you're lucky then you may win.

Thekool1s

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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: ?

Well in my opinion, if you want to do martingale, you should keep these things in mind.

1) Always before each turn generate a new seed, it helps with the randomness. The computers can't truly generate a random number so keep that in mind. The highest loses i got was around 12 loses in a row if i remember correctly. Without generating a new seed for each turn.

2) if you are going to start from 1 Satoshi, the safest bankroll will be 10 btc imo, but that's a huge amount these days and is not worth risking for low profits.

reflector

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Quote from: piloder on August 18, 2017, 12:00:23 AM

Quote from: mrcash02 on August 17, 2017, 10:10:53 PM

With a more than 10 BTC bankroll you can survive for 29 consecutive losses, on the 30º you need to win otherwise you lose all the Bitcoins... It's not a good deal to risk such amount for 1 satoshi profit. Better to mix your gameplay with another strategies.

This proves martingale is just waste of time and money, there is no any strategy that will work for long time including this martingale. I have tried some martingale strategy in bustabit before but I lost more than half bitcoin within 12 hour for 1000 satoshi profit per round. Angry

Dude, it is the one type of gambling system which double the stakes. You said you never been started martingale as your gambling option. It is same doubling option we noticed earlier in this forum.
So don't towards martingale. if you still wish to start this please use the below link.
https://satoshidicebreaker.appspot.com/;jsessionid=Swwbabue2ADPaK5qTH6kXA?0

bitcoinmasterlord

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Quote from: michkima on August 18, 2017, 07:23:04 AM

Quote from: klf on August 18, 2017, 03:23:52 AM

Quote from: preevi on August 18, 2017, 01:27:21 AM

As much as you have, you can use all your bitcoin
Because martingale strategy need much balance to get profit
Not only need big balance you should have big luck
Or you will lose all your balance with this strategy

If you use all your bitcoins in martingale method then mostly you will lose all your bitcoins in one go for sure because in this method no one can tell you how many continuous losses you can get while playing so you should have the unlimited bankroll for that to happen otherwise you will mostly lose all your bankroll. Don't waste your money in experimenting such a dangerous method. Just play with a small bankroll and check your luck.

Yeah it is a waste of time. It is quite better to just bet your money on 50% and all in it than doing martin gale. Doing an all in is quite
just the same as doing a martin gale on your whole amount. It is quicker and a possibly more profitable than just martin gale-ing it.

I will not trust this martingale method in online gambling. But I can trust land based gambling there the house will not cheat players. But in online, this is not safe because we don't know that game is running randomly or some bot will control that game. If they make a program like is anyone start to use martingale method it only favours to the house then that's it you can use your full bankroll you will never get a green number.

maeusi

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Maybe there could be an opportunity to lower the risked amount and play with high risk limited martingale

Ok, with bitcoin it would be difficult when not impossible.
Lets take an example with dogecoin.
Amount: 1000 doge
Bet minimum 0.00000010
Base bet: 0.00000010
Limited to 10 doge bet
Risk 17 %
If win: return to base bet
If loose: Triple (base bet x 3)

michkima

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Quote from: klf on August 18, 2017, 03:23:52 AM

Quote from: preevi on August 18, 2017, 01:27:21 AM

As much as you have, you can use all your bitcoin
Because martingale strategy need much balance to get profit
Not only need big balance you should have big luck
Or you will lose all your balance with this strategy

If you use all your bitcoins in martingale method then mostly you will lose all your bitcoins in one go for sure because in this method no one can tell you how many continuous losses you can get while playing so you should have the unlimited bankroll for that to happen otherwise you will mostly lose all your bankroll. Don't waste your money in experimenting such a dangerous method. Just play with a small bankroll and check your luck.

Yeah it is a waste of time. It is quite better to just bet your money on 50% and all in it than doing martin gale. Doing an all in is quite
just the same as doing a martin gale on your whole amount. It is quicker and a possibly more profitable than just martin gale-ing it.

klf

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Quote from: preevi on August 18, 2017, 01:27:21 AM

As much as you have, you can use all your bitcoin
Because martingale strategy need much balance to get profit
Not only need big balance you should have big luck
Or you will lose all your balance with this strategy

If you use all your bitcoins in martingale method then mostly you will lose all your bitcoins in one go for sure because in this method no one can tell you how many continuous losses you can get while playing so you should have the unlimited bankroll for that to happen otherwise you will mostly lose all your bankroll. Don't waste your money in experimenting such a dangerous method. Just play with a small bankroll and check your luck.

LuanX3

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Quote from: michkima on August 18, 2017, 03:13:15 AM

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: ?

Theoretically you need unlimited amounts of bitcoins to profit from a martin gale system in the long run.

A martin gale system assumes that you can cover the next bet each time you lose. Just to illustrate at your 1 satoshi bet you would only need to lose a straight 30 times and you bet is already at 10 BTC. Using a standard martin gale, that would mean you bet 10 BTC to just get back that 1 satoshi.

It is not worth it really. I tried before to do a martin gale system with the exact parameters. With only 0.1 BTC as bank roll.
I was winning at first and probably got about 1mbtc for it. Then it all went south and I lost everything on the next morning.
Martin gale doesn't work, a lot of people have already proved this.

michkima

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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: ?

Theoretically you need unlimited amounts of bitcoins to profit from a martin gale system in the long run.

A martin gale system assumes that you can cover the next bet each time you lose. Just to illustrate at your 1 satoshi bet you would only need to lose a straight 30 times and you bet is already at 10 BTC. Using a standard martin gale, that would mean you bet 10 BTC to just get back that 1 satoshi.

preevi

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As much as you have, you can use all your bitcoin
Because martingale strategy need much balance to get profit
Not only need big balance you should have big luck
Or you will lose all your balance with this strategy

moooonu

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Any amount of bitcoins aren't enough for martingale as it will end in bust at the end. No matter how safe you feel with lowering the basebet you will still bust in the end. I have seen a player making around 50btc with martingaling day and night for months and then one day loose streak came and he busted almost all.

mrcash02

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Quote from: piloder on August 18, 2017, 12:00:23 AM

Quote from: mrcash02 on August 17, 2017, 10:10:53 PM

With a more than 10 BTC bankroll you can survive for 29 consecutive losses, on the 30º you need to win otherwise you lose all the Bitcoins... It's not a good deal to risk such amount for 1 satoshi profit. Better to mix your gameplay with another strategies.

This proves martingale is just waste of time and money, there is no any strategy that will work for long time including this martingale. I have tried some martingale strategy in bustabit before but I lost more than half bitcoin within 12 hour for 1000 satoshi profit per round. Angry

Yes, especially because at some point you will be risking 1 Bitcoin or more just to earn 1 satoshi profit...

And there is no way to avoid this, if you increase your profit like you did (let's say start betting from 1000 satoshis) you will decrease the number of consecutive losses you can afford. The system works perfectly at house's favour. Cheesy

Quote from: subSTRATA on August 18, 2017, 12:35:20 AM

that's not correct. all you've shown is the bets that would result as the number of losses increases given a 1 satoshi bet on a 50 / 50 roll doubling on loss. first off, you didnt take into account that the bankroll decreases as you lose consecutive bets, and thus your last 'roll' would be a lot lower than you think to present it here.

That is just the amount bet each turn, not the total loss.

To perform that game with 30 rolls you would need more than 10 BTC on your bankroll. I don't know if I understood you correctly...

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Quote from: mrcash02 on August 17, 2017, 10:10:53 PM

With a more than 10 BTC bankroll you can survive for 29 consecutive losses, on the 30º you need to win otherwise you lose all the Bitcoins... It's not a good deal to risk such amount for 1 satoshi profit. Better to mix your gameplay with another strategies.

Quote

0.00000001
0.00000002
0.00000004
0.00000008
0.00000016
0.00000032
0.00000064
0.00000128
0.00000256
0.00000512
0.00001024
0.00002048
0.00004096
0.00008192
0.00016384
0.00032768
0.00065536
0.00131072
0.00262144
0.00524288
0.01048576
0.02097152
0.04194304
0.08388608
0.16777216
0.33554432
0.67108864
1.34217728
2.68435456
5.36870912

that's not correct. all you've shown is the bets that would result as the number of losses increases given a 1 satoshi bet on a 50 / 50 roll doubling on loss. first off, you didnt take into account that the bankroll decreases as you lose consecutive bets, and thus your last 'roll' would be a lot lower than you think to present it here.

Quote from: iram1011 on August 17, 2017, 10:24:17 PM

I don't understand so much love for Martingale strategy.

The only reason for its popularity is that under certain conditions(lots of money and time) it gives a predictable outcome in terms of profits. It’s not a sure bet, but it’s about as close as you can get.

There is no fix amount you would need even if casino doesn't limit it. This strategy would rob you off your time and money. Martingale strategy bring with it a huge chance of getting you broke. So as always said bring the amount you can afford to lose in gambling and if you are lucky enough you can earn in that too.

two things come to mind: gambler's fallacy and that its probably the first strategy that newcomers think of that both automate betting and seems to provide a relatively safe method of stable betting. I think its something that just about everyone that people just getting into the gambling scene try out at least a few times.

serjent05

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The need of the Bitcoin depends on the multiplier, if your multiplier is at the minimum, you need not to have the same amount of BTC you need with the higher multiplier. And this does not mean that you can play martingale infinitely. There are times where you can hit more than 30 losing streak and that means you need bigger bankroll for this. And I think, if you want to play martingale infinitely, the whole BTC won't be enough.

piloder

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Quote from: mrcash02 on August 17, 2017, 10:10:53 PM

With a more than 10 BTC bankroll you can survive for 29 consecutive losses, on the 30º you need to win otherwise you lose all the Bitcoins... It's not a good deal to risk such amount for 1 satoshi profit. Better to mix your gameplay with another strategies.

This proves martingale is just waste of time and money, there is no any strategy that will work for long time including this martingale. I have tried some martingale strategy in bustabit before but I lost more than half bitcoin within 12 hour for 1000 satoshi profit per round. Angry

iram1011

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I don't understand so much love for Martingale strategy.

The only reason for its popularity is that under certain conditions(lots of money and time) it gives a predictable outcome in terms of profits. It’s not a sure bet, but it’s about as close as you can get.

There is no fix amount you would need even if casino doesn't limit it. This strategy would rob you off your time and money. Martingale strategy bring with it a huge chance of getting you broke. So as always said bring the amount you can afford to lose in gambling and if you are lucky enough you can earn in that too.

mrcash02

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With a more than 10 BTC bankroll you can survive for 29 consecutive losses, on the 30º you need to win otherwise you lose all the Bitcoins... It's not a good deal to risk such amount for 1 satoshi profit. Better to mix your gameplay with another strategies.

Quote

0.00000001
0.00000002
0.00000004
0.00000008
0.00000016
0.00000032
0.00000064
0.00000128
0.00000256
0.00000512
0.00001024
0.00002048
0.00004096
0.00008192
0.00016384
0.00032768
0.00065536
0.00131072
0.00262144
0.00524288
0.01048576
0.02097152
0.04194304
0.08388608
0.16777216
0.33554432
0.67108864
1.34217728
2.68435456
5.36870912

Topic: How many Bitcoins needed for martingale - page 6. (Read 1734 times)