And if you are saying that short term means doubling it only few times, the odds get significantly more against you and that defeats the whole idea of martingale.
If Martingale was a winning strategy it would be illegal. All casinos and sportsbooks would have automated systems that can detect that your are doubling down on your losses and they could simply ban you or kick you out if they wanted to. But the odds remain the same. It's just a matter of luck.
I checked the results of my experiment that I mentioned in a previous post. OP was talking about how unlikely it is to lose 7 times in a row. It isn't at all. I lost 8 times in a row at one time and only won the 9th round. At that point, I needed $768 just for another chance to make profit. The initial stake was $3.
Martingale might not be an illegal strategy however it is one way to minimize loss especially if you have an enormous bankroll and patience. But you will need still need luck when doing that strategy as it does not guarantee a win every time. To be honest, this is one of my favorite strategies when playing dice as you can just set it on the automated rolled or bot on the casino itself.
It is pretty common to have a losing streak every time for more than 5-8 times, and you will most likely win afterward however the longer you do this strategy the higher the chance you'll encounter a higher loss streak. I've experimented with this strategy to know how long it will run by doing a base bet of 1 satoshi only and I've experienced a 17-20 losing streak.
Well I have been making bets, few in the UFC but in other sports yes, for me this is one of the things that we have as players to be able to recover, and although the martingale is one of the most reckless strategies for any player, it is difficult because when we enter a normal casino to play dice, roulette, slots, even poker itself, it is too risky to implement a strategy like martingale, but in sports betting I have not done it, the novelty does not turn out to be so bad, no It sounds bad, and I have to try it, in football I have not tried this, normally in football I usually make several bets at the same time.
