Topic: Is Betting Double After Losing is Really a Good Decision? - page 15. (Read 2429 times)

it is always a bad decision, maybe you will be lucky to win few times in a row, but eventually you will lost two, or more times in a row, and that will certainly be a lot of money, due to progression that double betting has, with more than two lost games in a row, so I would not recommend that at all, or say stay out of the idea, gambling should be fun, not serious condition

It is both good decision and bad decision. It is a good decision to whoever got lucky/very lucky and bad decision to whoever is very unlucky person. After losing then you double it and then the result is satisfying then it's good and you recover the previous money that has been lose and if you lose again then it will only triple the amount that you lose which is not good. Strategies don't work all the time.

This article shows the disadvantages of martingale very well in my opinion. 
Simply put: It has nothing to do with the used currency, martingale busts your stack in no time when you are on a losing strike. Imagine a game/sports bet/... where you start with 2$. After 5 losses you have to wager 32 dollars if you follow the martingale strategy. Doesn't sound that much, right? Beside the fact that your balance has to be twice that amount, 5 losses in a row a pretty common, it happens in 1 of 31 games in a game where chances are 50% that you lose (0,5 ^ 5).

Imagine yourself being very unlucky and lose 10 games in a row (happens in 1 : 1000 games roughly). This is the time when martingale shows its evil side. Your next bet has to be as high as 1024 dollars (2 ^ 10) and you have already lost 1022 dollars in the game. If you lose another you have to wager 2046 dollars and so on. We were talking about a pretty fair game where your chances are 50% that you win, in games where this chance is lower (like betting black or red at roulette eg.) chances are higher that end up with 10 lost games in a row.

Another huge disadvantage of martingale is that games like roulette usually have table limits. If you follow martingale and reach the table limit you wont be able to compensate your losses.

you will win what you lose of course it will work. for sometime. never have i tried 10 loss rolls in a row and this would be very costly using BTC but with altcoins its feasible. TRX is my favorite while doing this strategy. i loss and i win. its gamble still.

You can't apply martingale when you are winning . You can only increase your base staking amount. Martingale works to recover your losses with profit at any time you win. You must have a good equity before applying the strategy so you don't get stuck in the middle in case the losses are many.

It's a really bad decision, and it will indeed have a huge impact on one's funds, just not the good kind of impact. The problem with martingale is that common sense seems to say it's a smart strategy, but the probability theory is not exactly common-sense, so one ends up losing. What makes it especially dangerous is how fast the bet amount becomes huge, and each time after a loss a person basically chooses to lose way more in a mere hope of winning at some point. Doubling the win bets is not great because if you one this bet, it doesn't mean you won't lose the next one. Stay away from martingale or experiment with an extremely small amount of money.

Still you are in great chance of losing the bet again so I will prefer multiple bets over the multiple bet amount which can gives better probability on number of winning bets.So everything ties to your luck so just do what you wanted to do and accept the results as well.Remember multiple high lost bets can make you stressed.

Yes and indeed there is still a chance to lose again after losing and therefore, bets must be fully calculated from the capital owned so that when we lose the first roll we can at least double the bets on several rolls until we get the win to finally start with the initial bet again and so on. This strategy is indeed very risky to lose capital quickly but if we can adjust the rhythm or timing of bets on each roll, then I think a strategy like this is very good to do.

I am sure that it has been discussed many times in this thread that Martingale is not good for long-term as you may eventually end up being bust. In casino games, luck plays a major factor. If you are unlucky you'll have a long streak of loss which will cost you a shit load of money. Martingale Strategy may come in handy if you are good at Sports bets but never for casino games and dices. The best strategy is knowing your profit/loss limits and get out when the limit is reached. Don't press your luck too much. 

Using a martingale strategy is really a risk because you cannot really say whether you can win back all of.your losses by only just doubling your bet, that is why i suggest you better stay on your regular bet to be safe and to avoid having huge amount of money or losses in gambling.

The problem with this strategy is that if you keep on losing and every time you double your bet money, it will make your lose even more. And if you have limited budget, you will soon end up with shortage of funds for this investing double every time. This may work sometimes but one day it will make you lose all your money.

It depends on what kind of game you're playing. Is it skill-based gambling or luck-based gambling? Because the Martingale Strategy is not applicable in all games. As different kind of gambling platform have also different results so you should be careful in making decision before playing. The probability of winning in gambling is not uncertain and for sure it is small compared to the probability of losing. If you will gamble, you need to be strategic and you good decision making in order for you to dominate your next move.


It is applicable if you gamble in skill-based casino because somehow you can control and decrease the probability of losing and you can increase the probability of winning so that if you double your bet, the chances of winning is manipulated. While in luck-based casino, the winning percentage is constant and you can't do something about that but to trust yourself. That's why it is very risky to double your bet and that results to another loss. If you're lucky enough, it is okay, but luck is uncontrollable and unexpected so be careful in making decision so that you will not get stressed and regret doing the Martingale Strategy.

In my own personal opinion, using a martingale strategy is sometime effective to recover all of your winnings, but it is really risky because double your bets can only be good depends on your luck. But if you think that you are not lucky it is much better to stay on your regular bet for you not to lose more money.

For me if you have ample money then only it can work for you else you may lose so much money that you would have to suffer in coming time. Just consider you have a certain amount and couples of times you keep doubling and you keep losing it and in the end you are done with the money so the result is that you ended up losing itself because you never know that quote possible then doubling for 5 -10 times you may win once or so. It’s a risk reward ratio if you own that much money can be worth it.

We have a different techniques how can we make more earnings and profit some of the people makes focus to become play safe they are continuing having a same bet to all of their games and they set a limit of their income only so they still have a profit also there are people that is really a risk taker they make a lot of wage to make more profit easily and some of their techniques is double the wage after they lose and this is one of the basic strategy in gambling but still it depends on your luck how will you manage the situation if you think you are confident it is better to wage more but if you are still doubting about the possible outcome it is better to hold back, being conscious about your money is a weakness it is a strategy how you will make more money.

Depends on your luck, sad to say. There are instances that it would be a good idea to regain your loss but if you won't be lucky enough, the loss would be bigger obviously. So maybe, playinh it 'safe' would be a good idea. But it would depend on your 'feeling', some gamblers do trust that feeling whenever they are playing, it turns out to be a good idea to some and not to others. Bottomline is that, gamble an amount you can afford losing. This should be kept in mind especially if you are highly being affevted by the outcome whenever you gamble. Just enjoy the game and whatever the outcome is, do not have regrets, which would be hard to do if you are really expecting for a win, which could lead to frustrations.

Depends on your balance. The double strategy only works best if you have a very very large balance and your starting bet is quite small. But, there is still no guarantee that that you will be making profit due to the house edge. There might even be a scenario where the next 200 bets you place are all red (though very highly unlikely, but still the chances are never zero and might happen).
Think and try to simulate the calculations mentally and you will see if it is actually going to cause a huge impact on your funds?

Well, most of them are against martingale strategy but perhaps for me, it will depend on how lucky you are. Gambling through dice or even in roulette are base on your luck, --I have never tried this strategy because I know it will require for you to have a huge number of a fund to recover your losses every time you doubled your bet. Indeed, it is always good for you if you will always set a limit that you can afford to lose.
You can try it once because they say that it is the fastest way to earn a profit or something reverse the fastest way to empty your bankroll.

The martingale system or the reverse martingale system(which is basically the idea that you have of doubling your bet when you win and not when you lose) do not work, you have the odds against you and no betting pattern is ever going to change that, if you cannot figure out anything better than that then just accept that it is impossible to make profits in that game for you, also the reverse martingale is very difficult to apply psychologically, imagine that you are getting good profits and after 8 winning bets you lose and you are back at the start, at that point it will be very difficult to not try to apply the martingale system making you to lose your money at an even faster speed.

In the first few losses it could be a good strategy but not recommended because once you've reached five or more losses I think that's where things could go bad as the next bet takes up a big portion of your bankroll.

My experience with the reverse martingale is the same with martingale, you don't lose your bankroll too quickly but it feels like you're going to lose most of the time depending on how far you want to push it if you win several times in a row.