Topic: I won 1500 dollars on a ufc fight + quit gambling - page 4. (Read 1716 times)

Not only 8 times other players have 20-plus red streaks. We can read the players' statement on this forum: https://stakecommunity.com/topic/43468-longest-losing-streak-on-dice/.  So I guess he is just new to using Martingale in his strategy.  It is indeed good for a short game but the longer the game goes, the more frequent the red streak is.


Martingale is one of the milking strategies of casinos so why should the casino ban it.  Anything that favors them is ok but anything that make them at a disadvantage isn't like how they ban or kick players suspected of card counting.

Send me a message, I can code you your own casino.

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.

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.

You don't even have to be unlucky for that because no one has enough money to make odds worth it. And to make odds worth it you are gamble with LOT of money.
It might seem highly improbable to lose, lets say 20 times in a row and you are only using a little money for that bet, it won't be worth it after a while.
When you play long enough it will happen sooner or later in the long run, probability kicks in and all you need is big one loss to nullify every past win.

Let's say that you start with $2 and lose the bet, next bet is $4, and after that $8, and after 20 bets you would need a $1,048,576 to put in, and as it's growing exponentially most of us won't have that kind of money. And at some point, no one in this planet has.

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.

I don't really think he was lying about the 9 grand win because he did share proof related to it, but he clearly isn't a professional gambler since he actually feels that a negative progression strategy like Martingale can always beat the house.

True. 7 times is nothing. Personally, I witnessed a 21 losing streak which blew my mind though I bet small units luckily.

Yeah, that's true. That way of thinking is completely wrong. Even if the chances are 50/50 like with a coin toss, your chance to win is always equal to the possibility to lose. Claiming you can't lose 7 times in a row is false. I wonder how he even came up with 7 bets and not 6, 9, or 10? There is nothing special about 7. You can make the right or wrong choice 50 times in a row. It's just statistically unlikely that you will. 

Martingale can become expensive pretty soon, and a casino game can have a maximum wagering requirement. If your initial bet is $5 and you lose 5 times in a row, the 6th bet would have to be $160. And the casino won't allow you to wager that. You have effectively lost your money.

I agree with you. My point, though, is that someone who claims that "There is no way you will fail 7 times and if you do just increase the bet and you will get it back eventually even if you wait 12 times" obviously either hasn't gambled much or is a compulsive liar.

I do hope when OP restarts gambling, he is not so overconfident that he takes undue risks and loses the money. Usually, when people win big in gambling, they think that they can win each and every bet and this leads them to lose whatever they have won.

This is very good that OP after winning a significant amount in ufc fight betting, decide to keep away from gambling. I hope he will spend this money in something constructive and may not try his luck again in gambling with the winning amount.

Martingale works short-term unless you are unlucky enough to get into a losing streak where you no longer have the money to place the next bet or there is a betting restriction that doesn't allow you to wager above a certain amount.

Some time ago, I created two threads where I experimented to see what profits I could get by betting using the Martingale strategy. It's all just theory since no real money was involved. It still shows what is theoretically possible, but also what kind of cash reserves you would need to stay alive and be able to place that next bet that could turn things around.

Take a look:

My Football Gambling System: A Betting Experiment  
Betting Experiment #2: Chasing the Draw

Too many crazy posts coming from him if you ask me. I have also read several posts from him where he talks about his success in gambling and how he likes to play big amounts of money. But he also claims that martingale works and that he found a way to beat the house using martingale. I am not sure if he is just trolling or what. His story sounds totally weird and unbelievable to me.

  - You are right in what you said mate, while a gambler can taste a win, it only gives a signal to the player to play and play gambling because of the unique joy they experience in winning.

But to be honest, I don't believe that OP will stop gambling by 2023, he just said that but he will have a hard time applying it when the year 2023 comes around. You said the majority, it's easy to say the word but hard to do and perform it on the very day we said it at the exact time.

I checked some of his previous posts and observed that he was debt free which clearly implies that he won more than he lost overall. The crazy part here is that he won 9 grand by fluke since he bet 200 bucks on 2% chance in dice by mistake.

Another crazy thing here is that BC.Game let him withdraw the entire amount without asking any KYC though he didn't withdraw it all at once.

It's always a good idea to quit while you are at the top and especially if you end it with a profit. I thought you were quitting gambling altogether and not just until 2023.

You never came back to this thread to answer any questions, so it probably doesn't make sense to ask you anything, but I will try anyways. What was your success rate before those two positive outcomes? Did you gamble much, did you win or lose, and how did you end the year altogether profit-wise? 

Congratz .

But there are couple things in your post that makes me think you might not quit (well maybe until 2023 you can). But first one being the fact you knew for sure. Instead embracing the fact you had luck you went with that. This means you will have these "you know for sure" -hunches in the future too, and since they are sure bets, you might as well just take them. After couple of wins you'll forget that there's a real probability to lose.

I once met a man in a casino who told me that he won $50k from a casino years ago. He quit gambling for a while and spend it on luxury. I congratulated him and imagined what i would have done with that money. He stopped my train of thought and said that at that moment, he didn't realize it was his biggest loss on a bet. What he meant was that human mind isn't build to understand probabilities. He left the casino not thinking he was incredible lucky, but thinking "that was easy". With that mindset he wanted to do it again later in life and failed, so he doubled down and eventually lost more then that 50k. Just because he realized it's possible to do it again, he didn't understand the probability of it happening again.

I am not saying that this would happen to you, i am asking you to realize to remember that this is for fun and luck is involved. Don't bet your house for "being sure". As long as you bet what you can lose you'll be fine.

Anyway, have fun with the money, you earned it.

I congratulate you on your biggest gambling win and not many people have been as lucky as you lately. Regardless of your decision to gamble until next year is a good decision. Usually, this type of gambler is easier to control over what they get and is not greedy in taking advantage of winnings. Although not many of them decide to stop but instead increase the number of bets because the ambition to get a bigger win after the casino gives you the temptation.

This is hard as there are so many gambling elements that we can see anywhere. In the TV, web, magazine, and of course when go outside but nothing is possible if we are truly committed on quitting it. It only becomes hard in the early days but as long as you fight your urge successfully then later days will now be more easier.

For the most of us, it's hard to quit after a big win because the hype is still there and we are not scared to bet for more knowing that there's more balance left. We will also remember our past losses. We think it was still bigger than what we have won recently. In our head, we are saying that this might be the right time to attempt on recovering it.

Maybe next year is only 2 months away but if he plans to quit in the middle of next year, at least he still has 8 months left to be still able to play gambling and still be able to win more winning money. After all, it would still be 2023 if he finally decided to quit.

But I guess it will be difficult to stop gambling, especially if he can't control his desire to leave gambling for good. Maybe he could stop for a while but after a few months had passed, he would come back to gamble.

It is rare when an addict realizes that he is addicted and goes to psychotherapy to overcome his addiction.
The gambler will find it very difficult to stop gambling when he is experiencing a win because getting a win is fun and the gambler will always try to get back to that sensation, but because he got that big win (another thread) by an accident shouldn't prompt him to think he'll get it back so easily next time play.

actually Mate he did not, because days after this post? he again created one about Him winning and this continues for another several threads he created so there is no complete stopping happens   


but yes this is something we must congratulate for Him winning multiple times.

the way he is posting here in forum mate , i doubt that gambling isn't His main source of Income , because check His post history you will find how knowledgeable He is in gambling cryptocurrencies.