Is Betting Double After Losing is Really a Good Decision? - page 2.

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Quote from: Casdinyard on March 28, 2020, 07:54:17 AM

In short, is the martingale strategy in betting in such gambling games such as roulette and dice do really is effective strategy? For example, what if you are winning, and every time you win, you double your bets, and basically apply the martingale strategy, which is to double your bet when you lose.

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.

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Quote from: rodskee on April 22, 2020, 03:36:52 AM

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.

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Quote from: South Park on April 25, 2020, 02:12:29 PM

Gamblers apply this strategy because they see that they will be a able to win 99% of the time with it and they think they cannot go broke with that strategy when the opposite is the truth, what they do not think about is that if they play long enough they are going to eventually reach that 1% in which they lose and when that happens you lose all your capital, as such it is better to think of gambling just as another form of entertainment in which you pay some money to get access to the games instead of a potential way of making money.

I think it would be useful to make such people solve mathematical problems with specific numbers - not all people understand abstract concepts and formulas. But any gambler will understand that you do not need to play a game where 99 out of 100 bets bring a profit of $ 100 in total, but one remaining bet brings a loss of $ 200.

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for me that's a bad decision, why? you are not controlling your emotion, remember in gambling you should not make your emotion dictates the tempo in gambling, lets say you win you just got lucky, 90% of the time you'll loose, there are other ways to bet small but the risk is slim , i suggest you try other ways, because its too risky.

Gamblers apply this strategy because they see that they will be a able to win 99% of the time with it and they think they cannot go broke with that strategy when the opposite is the truth, what they do not think about is that if they play long enough they are going to eventually reach that 1% in which they lose and when that happens you lose all your capital, as such it is better to think of gambling just as another form of entertainment in which you pay some money to get access to the games instead of a potential way of making money.

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Quote from: Questat on April 22, 2020, 07:01:41 AM

Quote from: rodskee on April 22, 2020, 03:36:52 AM

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.

With your limit, you can't use martingale on it, maybe you can double when you lose but when you lose again, that would be costly to you if you will still double. So sticking with flat betting, I guess that's the best strategy if you only have a limited amount to gamble.

Agree with you if you are gaming you cannot put double amount to get more profit once you see that you are getting nothing but only lose. So be ready and find good ways to get profit in gambling. Get real sites only and be with limited amount those who try to earn bigger with spending huge amount so they should keep things in mind that in gambling you have 50/50 chance to win or lose.

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Quote from: pakhitheboss on April 18, 2020, 01:23:46 AM

Quote from: DarkDays on April 17, 2020, 01:34:12 PM

If you have got the bankroll to handle it, and are not aversed to losing large amounts before recouping your money, then the Martingale strategy should eventually return players to parity.

Correct if you have the bank roll then you can give it a try. But, I would never recommend it to anyone as it might not work on most of the occasion. I have tried it multiple times and failed on most of the occasion.

The same as me. I will not recommend it especially for below middle class people that are also gamblers. Think of what will happen if you lose. Set aside the winning part because there will be no problem at all. There are ways in gambling, it is not just betting double. Losing even if it little already affects us. Sometimes it makes us sad. What more of we lose double ? Depression ?

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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

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Quote from: rodskee on April 22, 2020, 03:36:52 AM

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.

With your limit, you can't use martingale on it, maybe you can double when you lose but when you lose again, that would be costly to you if you will still double. So sticking with flat betting, I guess that's the best strategy if you only have a limited amount to gamble.

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Quote from: kawetsriyanto on April 20, 2020, 06:40:20 PM

Quote from: Russlenat on April 20, 2020, 05:52:03 PM

You can use any strategy if you are lucky, martingale is good for people who are not lucky in picking bets so they want to try many times and if they'll win one bet, they'll win back all their loses, and I would say this is a bad strategy for unlucky people especially if they don't have the discipline.

Your statement is quite confusing. How can you mesh strategy and luck, they are much different! If you can win only based on the luck, it means you don't need any strategies. Regarding martingale, I don't think it is an effective strategy for betting. Some gamblers even got more losses by using that strategy. I suggest to learn it more before you conclude it is good or not to use.

Meaning most win or have small losses(referring to the bolded part)?
Well, I guess it's called a strategy because it's probably not really based on luck. Maybe few can become successful with the strategy by learning or practicing it. Could be somewhat skill-based strategy? I guess those who are consistently successful in the strategy or are at least earning a living from it, can confirm here.

rodskee

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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.

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Quote from: joshy23 on April 21, 2020, 10:24:55 AM

Quote from: ?? on ??

for me that's a bad decision, why? you are not controlling your emotion, remember in gambling you should not make your emotion dictates the tempo in gambling, lets say you win you just got lucky, 90% of the time you'll loose, there are other ways to bet small but the risk is slim , i suggest you try other ways, because its too risky.

In gambling, emotions really ruined your game. Each time you deal with your bet and suddenly you use this kind of strategy then losing streak followed up with you it will surely bust your funds. Make sure to analyze and know how to deal with any adjustments to take. If you seen that your strategy is not working quit pushing and changed up or quit for the day to avoid losing big.

Gambling is not for everyone and for those who cannot control their emotions or does not have self-discipline it would be worst for this people once they start gambling as they would like to continue it for longer time and if they just want to make money then higher chances that they may end up losing lot of money along with some side effects like bad relationship, adverse effect on health etc. Doubling is another bad thing that could happen if you do it and lose that money also. People actually take loan to gamble which is the worst decision as per me.

inanilujimi

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not good to do repeatedly, there is a greater risk waiting if you fail to get a win, even though his intention to cut back can backfire and spend your own funds, my advice do not do this strategy.

michellee

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Quote from: ?? on ??

I don't think it is a good decision, I have been caught doing such things many times, you can't win a single match if you play with anger anxiety. This further increases the risk of losing. When I lose, I just stop playing, I try to find my lacking and set up my mind for next day. It is working for me, anyone can try.

Yes, stop playing for a while will give us time to take a deep breath and analyze what's wrong with ourselves. Maybe that is a good step to avoid another loss, and we can safe the money to be used in another day. But betting double will not recommend, especially if you already play for some rounds because that can make you get big to lose in one round. Besides that, you can prevent the addiction that can come to you anytime.

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Quote from: seleme on April 21, 2020, 05:27:02 PM

The loss sequence can go forever while the possibility of this event is under 0.0000001%. An unlimited bankroll is needed for covering the next bet after each loss, the dusted balance is inevitable, in this case. Btw, there is a table limit and VIP French roulette has the $50000 bet limit, IIRC.

And the worst of all, you will only win the "first bet" amount no matter how many times you double your bets (except in cases where your odds are over 2.5x or more per bet). But people mostly use martingale with a 2x as they have got fear of losing their bankroll completely if they go for higher odds and if their luck doesn't favor them. Even if you have what it takes, i.e.; the bankroll we are talking about, still if that highest amount per bet cap is reached, then you'll start losing more than the possibility of gaining (though that happens very, very rarely).

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Quote from: KTChampions on April 21, 2020, 03:41:08 PM

Quote from: Gyfts on April 19, 2020, 10:31:50 PM

Quote from: KTChampions on April 19, 2020, 04:55:12 PM

How are sports bets fundamentally different from casino bets? Martingale is bad both here and there. In sports quite often there are win-win or series without wins, even for teams from which it was difficult to expect. And there is an additional unpleasant moment: there is always a break between sporting events, so the money that you invested in the Martingale strategy leaves you for long periods of time.

Because it's easier to make terrible calls on sportsbetting if you don't know what you're doing oppose to a defined probability of winning. If you're playing roulette, betting on red each time has a predictable outcome and you can calculate the chance of losing n times in a row. You can do the same thing with sports betting, but again, sports betting can also involve terrible calls because it isn't inherently about pure luck. Most of the times it is, but again, the point is about maintaining well defined odds and a game like roulette gives that to you easier than sports betting.

Terrible events also happen in roulette (in terms of surprise) - for example, red drops 30 times in a row. Fundamentally, this does not change anything - at a distance such events dissolve into more "logical" results. The same thing happens in betting - the more bets the less the influence of some "unusual" events on the overall result.

The loss sequence can go forever while the possibility of this event is under 0.0000001%. An unlimited bankroll is needed for covering the next bet after each loss, the dusted balance is inevitable, in this case. Btw, there is a table limit and VIP French roulette has the $50000 bet limit, IIRC.

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Martingale had never been a good strategy for those who don't even know that they're walking on a burnt coal by using this strategy in their dice gambling. This needs to be very safely done and with only small amounts that you can afford to lose because big values from the beginning may cause you huge losses. The fact that I'm saying this is because, there's no guarantee that you'll even win if a losing streak takes place (maybe the website is rigged or not provably fair or something is programmed in such a manner that once you reach n amount of profits, it'll start ripping you off badly), the streak may cause you to lose for around 15-20 times in a row and it may even eat your entire deposit without you even see it being stumbled already as you just get addicted to that "Roll" button.

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Quote from: Gyfts on April 19, 2020, 10:31:50 PM

Quote from: KTChampions on April 19, 2020, 04:55:12 PM

How are sports bets fundamentally different from casino bets? Martingale is bad both here and there. In sports quite often there are win-win or series without wins, even for teams from which it was difficult to expect. And there is an additional unpleasant moment: there is always a break between sporting events, so the money that you invested in the Martingale strategy leaves you for long periods of time.

Because it's easier to make terrible calls on sportsbetting if you don't know what you're doing oppose to a defined probability of winning. If you're playing roulette, betting on red each time has a predictable outcome and you can calculate the chance of losing n times in a row. You can do the same thing with sports betting, but again, sports betting can also involve terrible calls because it isn't inherently about pure luck. Most of the times it is, but again, the point is about maintaining well defined odds and a game like roulette gives that to you easier than sports betting.

Terrible events also happen in roulette (in terms of surprise) - for example, red drops 30 times in a row. Fundamentally, this does not change anything - at a distance such events dissolve into more "logical" results. The same thing happens in betting - the more bets the less the influence of some "unusual" events on the overall result.

joshy23

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Quote from: ?? on ??

for me that's a bad decision, why? you are not controlling your emotion, remember in gambling you should not make your emotion dictates the tempo in gambling, lets say you win you just got lucky, 90% of the time you'll loose, there are other ways to bet small but the risk is slim , i suggest you try other ways, because its too risky.

In gambling, emotions really ruined your game. Each time you deal with your bet and suddenly you use this kind of strategy then losing streak followed up with you it will surely bust your funds. Make sure to analyze and know how to deal with any adjustments to take. If you seen that your strategy is not working quit pushing and changed up or quit for the day to avoid losing big.

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Quote from: joshy23 on April 20, 2020, 02:06:29 PM

Quote from: blockman on April 20, 2020, 10:21:06 AM

Quote from: peter0425 on April 20, 2020, 12:56:42 AM

10 sat doubling is not a bad idea ,but 100 sat to 200 sat is abused if you have limited budget.

This amount is acceptable. If you double 10 -20- 40- 80 up to 100, that's still an acceptable amount. Just look how much you have and weigh how much huge and small to you.
We're talking about satoshis here and they aren't that much if the figure is even lower and doubling it wouldn't matter to you.

Analyze and observe your behaviors, if you are getting aggressive it's means that you are prone to lose bigger amount of money. There's always a good practice in checking how capable you are with this strategy and how good you are managing your fund.
Martingale type of strategy can be good if you are lucky but if you are not expect much damage to your money.

The control of your emotions is given and must be taken into consideration. But as long as the amount still fits your style of betting means that it wouldn't hurt you that much.
The chance of repeating your bets when you lose is high even if you double the bets or not. Martingale for huge amounts, I won't use it because I know my capacity.

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Quote from: kawetsriyanto on April 20, 2020, 06:40:20 PM

Quote from: Russlenat on April 20, 2020, 05:52:03 PM

You can use any strategy if you are lucky, martingale is good for people who are not lucky in picking bets so they want to try many times and if they'll win one bet, they'll win back all their loses, and I would say this is a bad strategy for unlucky people especially if they don't have the discipline.

Your statement is quite confusing. How can you mesh strategy and luck, they are much different! If you can win only based on the luck, it means you don't need any strategies. Regarding martingale, I don't think it is an effective strategy for betting. Some gamblers even got more losses by using that strategy. I suggest to learn it more before you conclude it is good or not to use.

I agree the martingale strategy is old news now.Martingale can work only in theory based on the fact that you cannot lose forever and by keep doubling your bet eventually you will win double of your initial bet which is not that big of amount.However in reality we have limits in sport betting,slots and other table games so it does not work.Based on that by doubling your bet is not a good strategy at all.

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