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Topic: Is Betting Double After Losing is Really a Good Decision? (Read 2452 times)

newbie
Activity: 90
Merit: 0
Look at this video (Bet HI vs Bet LO): https://www.youtube.com/watch?v=YGRUGlqni0E

This bot implements an algorithm to choose bet based on history. Numbers can be high or low, but in average, in the long term you will have the same amount of numbers higher than 5000 and numbers lower than 5000. In other words, the average of numbers that you get will tend to 5000.

This bot gives the option of choosing HI or LO depending on the previous numbers (if average is lower than 5000 it will bet HI, if average is higher than 5000 it will bet LO)
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
   Carlisle1 I start with minimal bets, like from 1 sat to 10 sat. Losing 5 bets is just 5-50 sat's. I like to play crash game, and I like to bet
on odds higher than 3. After losing 5 times, I will rise my bet, or option two I will rise odds, I will bet couple times with 100-500 sat's or
I will try to hit over 10 odd. It's a short explanation how I do it. I can't lose a lot because I limit myself when I deposit, losing entire
deposit can't hurt me, but with my strategy I always manage to recover and sometimes I even make profit.

I saw such a strategy on the twitch channel (you can search for this in the slots section). Micro bets with a gradual increase. The deposit amount relative to the initial bet is huge, so the loss does not happen even when playing for a month. But on the other hand, the profit regarding the deposit is practically not visible. In terms of making a profit, this is a pointless strategy, but I think it’s a good way to “safe” feel the taste of the game and excitement.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
If you have money to bet?why not do that because it is your decision and desire
for what to do in your gambling activities of course.
I have tried that kind several time because i have no time to spend when i am
in gambling place so the faster i bet the faster
 my luck will decide.but of course with limitation as i only Bet from 10-30$ each
time i play in it happens only once or twice a week if not busy.


If you only have a limited amount using martingale is a sure way to shorten your time to gamble, you are going to rely on luck to win in martingale and not on the strategy, but anyway it's still a game of luck, you might get it in two to three roles, who knows the most important thing is that you are enjoying it.
And this is yet another problem with martingale, if losing all your money once you have a long losing streak was not enough I am sure that martingale shortens the amount of time you could actually gamble if you just used a strategy of keeping your bet the same size regardless of what happened, which means that not only you will lose money but it will happen even faster and that is a shame especially for those that are only looking to have a good time while they gamble.
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
That is why if you lose 5 streak then luck is not with you and stop for a while if you will continue or go home and back again the next day.

   Carlisle1 I start with minimal bets, like from 1 sat to 10 sat. Losing 5 bets is just 5-50 sat's. I like to play crash game, and I like to bet
on odds higher than 3. After losing 5 times, I will rise my bet, or option two I will rise odds, I will bet couple times with 100-500 sat's or
I will try to hit over 10 odd. It's a short explanation how I do it. I can't lose a lot because I limit myself when I deposit, losing entire
deposit can't hurt me, but with my strategy I always manage to recover and sometimes I even make profit.
asu
legendary
Activity: 1302
Merit: 1136
It depends on your playing style or strategy. Sometimes you just have to click the bet button with the guts and pray what would be the result.

Sometimes, I used a strategy of 120% increased when I loss a bet and the higher loss streaks I've got is 16. It always depends on the your strategy.
legendary
Activity: 1974
Merit: 1150
Martingale is a strategy of doubling every next bet after you lose, no matter how many times you lose. If losing
streak is too long you will lose entire balance.
On the one hand, Martingale is strategy made me feel interested in continuing to play and bet at a later stage, even though I lost. But on the other hand, I must have a lot of capital to implement this strategy, and certainly not an easy matter if we have lost 5 to 7 times in a row.

Without raising bets or odds there's no way to recover after losing, or to make profit, in gambling you need to raise bets and odds, the point is to have a luck and hit the right moment for that!
It is possible that we can increase our chances of winning and restoring balance if this strategy works well, but if not we will not get anything and that means we lose all the balance we have. Whether or not a Strategy is good I think depends on luck and the way we increase opportunities. Dice is a very interesting game for implementing the Martingale strategy. But several times I ran out of balance. Embarrassed
hero member
Activity: 3066
Merit: 629
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I guess that's normal for gamblers, but sometimes we lose control and that's the bad thing of it since most likely, we will just end our gambling session because we already lose everything. .. some people get more aggressive when they are losing, gambling sites like them a lot.
It's normal, I'm only emphasizing the thing about luck that I have my different understanding.

That's why we are gambling because we are trying our luck by risking money, well, as long as we are realistic, this would help us make some realistic decision as well.
Yup, I agree about being realistic. But it's not always that is luck we are trying when we risk money, there's also the strategy.
hero member
Activity: 3052
Merit: 685
The case here is that they are not chasing their luck but they are chasing their losses and wanting to retrieve it back.
I guess that's normal for gamblers, but sometimes we lose control and that's the bad thing of it since most likely, we will just end our gambling session because we already lose everything. .. some people get more aggressive when they are losing, gambling sites like them a lot.

Because it's impossible to know when your luck will come if you are not winning at all.
That's why we are gambling because we are trying our luck by risking money, well, as long as we are realistic, this would help us make some realistic decision as well.
hero member
Activity: 3066
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Vave.com - Crypto Casino

Okay, I got that. At least, they should know that in gambling, they must have luck which they can not always have it. If they can know that, I guess that they will be careful to gamble. But unfortunately, many gamblers chasing their luck until they spend more money, and some of them forget about luck. Let say he has luck in one strategy or method, so that will make him get winning. But in the next chance, although he uses the other strategies if the luck leaves him, the result will lose some money. And that can make him try with the other strategy.
Yes, what you have followed up is correct and I do agree that in gambling there's luck but as I've said don't think that it's the main requirement when you gamble because it is not.
The case here is that they are not chasing their luck but they are chasing their losses and wanting to retrieve it back. Because it's impossible to know when your luck will come if you are not winning at all.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
The decision to increase the number of bets after losing is one of the strategies and efforts to win the bet and I think that is the biggest obsession for gamblers. Strategies like this might be useful if we are lucky men. Gambling always involves luck, even though there are many strategies we can apply.

Martingale is a strategy of doubling bets in hopes of winning and covering previous losses and if this strategy doesnt work properly then I think we will spend more money. The point is that no strategy works perfectly in gambling, although we can win a few bets with it, it does not mean that the strategy will function well on other occasions.

I have tried this strategy in a dice game, but if we cannot win on 5 occasions then try to stop for a moment and come back tomorrow. Tongue

   Martingale is a strategy of doubling every next bet after you lose, no matter how many times you lose. If losing
streak is too long you will lose entire balance.
and this is really not a good idea to manage betting because even how big is your capital still losing streak will make this  zero.
Quote
There are other strategies but this is the most interesting one. I don't
play classic martingale,
yeah this is same logic as mine mate for safer betting.
Quote
I like to bet same bets more than once, no matter did I lose or win, only after 5 loses I start
raising my bets or my odds, to try to recover what I lost and eventually to make some profit.
But if you make 5 consecutive losses means you need to find at least other games instead .
Quote
Without raising bets or
odds there's no way to recover after losing, or to make profit, in gambling you need to raise bets and odds, the point
is to have a luck and hit the right moment for that!
That is why if you lose 5 streak then luck is not with you and stop for a while if you will continue or go home and back again the next day.
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
The decision to increase the number of bets after losing is one of the strategies and efforts to win the bet and I think that is the biggest obsession for gamblers. Strategies like this might be useful if we are lucky men. Gambling always involves luck, even though there are many strategies we can apply.

Martingale is a strategy of doubling bets in hopes of winning and covering previous losses and if this strategy doesnt work properly then I think we will spend more money. The point is that no strategy works perfectly in gambling, although we can win a few bets with it, it does not mean that the strategy will function well on other occasions.

I have tried this strategy in a dice game, but if we cannot win on 5 occasions then try to stop for a moment and come back tomorrow. Tongue

   Martingale is a strategy of doubling every next bet after you lose, no matter how many times you lose. If losing
streak is too long you will lose entire balance. There are other strategies but this is the most interesting one. I don't
play classic martingale, I like to bet same bets more than once, no matter did I lose or win, only after 5 loses I start
raising my bets or my odds, to try to recover what I lost and eventually to make some profit. Without raising bets or
odds there's no way to recover after losing, or to make profit, in gambling you need to raise bets and odds, the point
is to have a luck and hit the right moment for that!
legendary
Activity: 1974
Merit: 1150
The decision to increase the number of bets after losing is one of the strategies and efforts to win the bet and I think that is the biggest obsession for gamblers. Strategies like this might be useful if we are lucky men. Gambling always involves luck, even though there are many strategies we can apply.

Martingale is a strategy of doubling bets in hopes of winning and covering previous losses and if this strategy doesnt work properly then I think we will spend more money. The point is that no strategy works perfectly in gambling, although we can win a few bets with it, it does not mean that the strategy will function well on other occasions.

I have tried this strategy in a dice game, but if we cannot win on 5 occasions then try to stop for a moment and come back tomorrow. Tongue
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
No, it's not a good strategy if you have limited funds I've tried that many times in the past and I always ended up in a losing side, you sometimes win but most of the time you lose, a lot of people have experimented on this strategy and depends on your control and luck you can only extend your playing time but winning I don't think so.
Chance of losing is high and winning is just a tiny piece of chance whenever you do this. And if someone keeps on trying this and keeps on doubling the amount which is known as martingale.
The time that he win then that's already the call and sign that he should stop and keep the profit that he took from that win and don't repeat the cycle.

No matter what the strategy is, if you don't have luck, you will not have a chance to win the games. Even if someone is trying to double the amount, that will not work because we don't know if we will have luck or not, and we don't know what will come out at the end of the game. And yes, if he can win, then that will be the time to quit gambling as soon as possible before it is too late to realize.
You are overrating luck. Luck is there as is but don't overrate it and tell that whichever you use, you won't win. That's simply wrong, let's assume that everyone has their own time to become lucky but don't ignore the strategies that gamblers do.
Experience is building these strategies but if you don't feel crediting it and it's not effective on your part, that's ok.

Okay, I got that. At least, they should know that in gambling, they must have luck which they can not always have it. If they can know that, I guess that they will be careful to gamble. But unfortunately, many gamblers chasing their luck until they spend more money, and some of them forget about luck. Let say he has luck in one strategy or method, so that will make him get winning. But in the next chance, although he uses the other strategies if the luck leaves him, the result will lose some money. And that can make him try with the other strategy.
hero member
Activity: 2268
Merit: 588
You own the pen

No matter what the strategy is, if you don't have luck, you will not have a chance to win the games. Even if someone is trying to double the amount, that will not work because we don't know if we will have luck or not, and we don't know what will come out at the end of the game. And yes, if he can win, then that will be the time to quit gambling as soon as possible before it is too late to realize.

Yeah! it's all about luck when it comes to gambling, the experience will only help you on how to play the game clearly and to be able to win the game, you need to have a massive amount of luck every time you bet. even straight win comes from luck. it has been destined that you will win that game and when you lose it's all about destiny again that you lose that time. the experience will not help at all.
hero member
Activity: 3066
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No, it's not a good strategy if you have limited funds I've tried that many times in the past and I always ended up in a losing side, you sometimes win but most of the time you lose, a lot of people have experimented on this strategy and depends on your control and luck you can only extend your playing time but winning I don't think so.
Chance of losing is high and winning is just a tiny piece of chance whenever you do this. And if someone keeps on trying this and keeps on doubling the amount which is known as martingale.
The time that he win then that's already the call and sign that he should stop and keep the profit that he took from that win and don't repeat the cycle.

No matter what the strategy is, if you don't have luck, you will not have a chance to win the games. Even if someone is trying to double the amount, that will not work because we don't know if we will have luck or not, and we don't know what will come out at the end of the game. And yes, if he can win, then that will be the time to quit gambling as soon as possible before it is too late to realize.
You are overrating luck. Luck is there as is but don't overrate it and tell that whichever you use, you won't win. That's simply wrong, let's assume that everyone has their own time to become lucky but don't ignore the strategies that gamblers do.
Experience is building these strategies but if you don't feel crediting it and it's not effective on your part, that's ok.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
No matter what the strategy is, if you don't have luck, you will not have a chance to win the games.

Luck matters but we should not think that it's only the sole factor that is needed in order to win in gambling.
We keep learning to improve our strategy so we will eventually become consistent with what we are doing and that it would be able to bring us some wins.

Gambling is a game of luck if what we are referring are luck based games,.. hopefully a gambler would see the difference.

Yes, we can always modify or improve our strategy so we can have more chances to win the games. But that doesn't mean you will have a big chance if you success modifying your strategy because there will be a lucky moment in your strategy. Maybe we can modify our strategy for 1000 times, but in the next 1000, you will not know how your chance is to win. We can only hope that every gambler will see that luck factor will be needed in gambling, so they know that they need to break for a while if they lose much money.
sr. member
Activity: 644
Merit: 364
In Code We Trust
It seems to me that doubling a bet is not a good decision after losing, which can lead to even bigger losses! Especially when your budget is limited to a certain amount of money, you need to clearly follow the rules of money management! Otherwise, an attempt to win back and increased risk can lead to a loss of your deposit! Wink

Definitely, there's no assurance that a gambler will win after a round when he losses the game. Perhaps, he might lose again, that is because the platform is being fair, meaning to say, that the platform is just generating random outcomes, and that means that any strategy applied to a random generating outcome system is not effective at all because in the first place, you don't even know the outcome so how could you predict it?

What I think is more important to spend our time into is to how we can control our betting habits. Such as whether to continue or to stop if we lose, or how many loses do we need to experience in order to stop playing.
hero member
Activity: 2716
Merit: 904
No matter what the strategy is, if you don't have luck, you will not have a chance to win the games.

Luck matters but we should not think that it's only the sole factor that is needed in order to win in gambling.
We keep learning to improve our strategy so we will eventually become consistent with what we are doing and that it would be able to bring us some wins.

Gambling is a game of luck if what we are referring are luck based games,.. hopefully a gambler would see the difference.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
No, it's not a good strategy if you have limited funds I've tried that many times in the past and I always ended up in a losing side, you sometimes win but most of the time you lose, a lot of people have experimented on this strategy and depends on your control and luck you can only extend your playing time but winning I don't think so.
Chance of losing is high and winning is just a tiny piece of chance whenever you do this. And if someone keeps on trying this and keeps on doubling the amount which is known as martingale.
The time that he win then that's already the call and sign that he should stop and keep the profit that he took from that win and don't repeat the cycle.

No matter what the strategy is, if you don't have luck, you will not have a chance to win the games. Even if someone is trying to double the amount, that will not work because we don't know if we will have luck or not, and we don't know what will come out at the end of the game. And yes, if he can win, then that will be the time to quit gambling as soon as possible before it is too late to realize.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
No, it's not a good strategy if you have limited funds I've tried that many times in the past and I always ended up in a losing side, you sometimes win but most of the time you lose, a lot of people have experimented on this strategy and depends on your control and luck you can only extend your playing time but winning I don't think so.
Chance of losing is high and winning is just a tiny piece of chance whenever you do this. And if someone keeps on trying this and keeps on doubling the amount which is known as martingale.
The time that he win then that's already the call and sign that he should stop and keep the profit that he took from that win and don't repeat the cycle.
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