Is Betting Double After Losing is Really a Good Decision? - page 3.

ethereumhunter

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Quote from: Gheka on April 20, 2020, 08:24:51 AM

And as usual, luck will lead us to a result in gambling, winning or losing will greatly depend on our fate that day but that's a case where the luck factor exists, if the casino can get rid of every outside element like luck and technology, double betting after losing only gives us a single result, we will lose or be led to a bigger loss. This is also a warning to those who ask this question, luckiness will be a factor that can be arranged in gambling, since joining, we have lost control of luck and are going into a loss

That is what we will get into gambling, and no matter what is the result, we should accept it, and don't complain if we lose because we are not lucky than the other people. If you are not ready to get the loss in a big-money by betting double, you don't have to use double but use little money is enough for you. We need to control ourselves not to tempt for placing betting double because the chance is not too big while we also don't know how good our luck at that time.

Russlenat

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Quote from: kawetsriyanto on April 20, 2020, 05:40:20 PM

Quote from: Russlenat on April 20, 2020, 04:52:03 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!

They are different because strategy is what you follow when you are gambling and you could either win if you are lucky and lose if you are not, that if you are believing that winning is based on your luck, if not, you won't consider it, just a pure strategy and wait for the result which is you will lose or win.

Quote from: kawetsriyanto on April 20, 2020, 05:40:20 PM

If you can win only based on the luck, it means you don't need any strategies.

what I'm saying is you can use any strategy and you will in if you are lucky.

Quote from: kawetsriyanto on April 20, 2020, 05:40:20 PM

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.

You can follow the strategy but the result varies from user, some are using it effectively while some are not.. you are saying that is not a good strategy but that is only based on your experience or opinion.

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Quote from: Nissan-GTR on April 20, 2020, 11:10:00 PM

Good thing that you realize that your chances of winning are slim thus making this strategy useless even though the chances that you will win large amount of money you are still an idiot. This kind of strategy are popularized by people who owns a gambing site or investor to rack up more profits from gullible players.

Probably, the reason why they popularized this kind of strategy is because their gambling game's system is focused on providing wining bet after a player losses. So to make things positive on the side of the bettor, the house is implementing such system for the players to win. But if you are really pushing the idea that gambling site owner creates this strategy, then the odds of winning for the gamblers is lower than losing in a large number games. In short, it was meant to deceive gamblers to believe they can always win which is in fact, the system is programmed to make the house win in the end. Is this what your point is?

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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.

That's not what it is, you can double your bet in gambling when you lose if that is your strategy, not able to control means when you are not playing anymore based on your game plan, that's clearly the right picture of "out of control".

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Quote from: Casdinyard on March 28, 2020, 06:54:17 AM

Would that make a huge impact to your funds? I haven't tried it so far, but for me, I don't that is really effective as if we lose, we aren't really going to win right after, because there is still a possibility of losing once again.

Good thing that you realize that your chances of winning are slim thus making this strategy useless even though the chances that you will win large amount of money you are still an idiot. This kind of strategy are popularized by people who owns a gambing site or investor to rack up more profits from gullible players.

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Quote from: Russlenat on April 20, 2020, 04:52:03 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.

Russlenat

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Quote from: joshy23 on April 20, 2020, 01:06:29 PM

Martingale type of strategy can be good if you are lucky but if you are not expect much damage to your money.

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.

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Quote from: blockman on April 20, 2020, 09:21:06 AM

Quote from: peter0425 on April 19, 2020, 11:56:42 PM

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.

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Quote from: TheGreatPython on April 17, 2020, 03:11:17 PM

Never and I literally mean NEVER consider anyone who says mathematically impossible is possible. When you are gambling on double down remember this, you bet 1 and you get 1.98 when you win, but you lose 1 when you lose, which means you are losing that small percentage each time, when you want to recover small by small you are actually losing more and more, and not really recouping back all your money.

This means overtime mathematically it is IMPOSSIBLE to make money with martingale, literally IMPOSSIBLE, if someone says it can be done, they are either lying or they are not aware that it is impossible. Sure you could make a quick buck in some tries and even maybe back to back days, but know that no matter how much you make a profit from it, ALL of that will be gone eventually because that is how house edge works.

People simply put do not understand probabilities, they think that since there is always a chance to get their money back with martingale they are going to try it since they feel that somehow the world revolves around them and they should get their desired results despite the math that says it is not possible to do it over the long run, and when you add that in the short term martingale may seem to work by allowing to recover their money each time they try the strategy it is easy to see why they disregard the odds, until the day it does not work and they lose their entire capital and then they say the games are rigged when what actually happened was simply inevitable and a mathematical certainty.

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Quote from: KnightElite on April 20, 2020, 09:48:18 AM

Quote from: blockman on April 20, 2020, 09:21:06 AM

Quote from: peter0425 on April 19, 2020, 11:56:42 PM

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.

If it is just a satoshis then it is applicable, when it comes about gambling with huge amount of money; doubling after a lose is not a good decision because it is a 50-50 chance. It is whether you regain your losses or it is whether you double your losses, that is why we should avoid it especially if we bet with huge amount of bitcoin.

There are a lot of people who regretted their decision when they lose because they did double their bets after they lose, it is proven that we should stay away with that kind of strategy because it can lead to greed that can lead to major more losses.

As long as the amount is good as you can accept it to lose, that will not matter that much even if your strategy is doubling it. A known strategy that we know totally has a rule like this but it's not as effective to most.
Discern if you are ok doubling it but if not, then don't do it.

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Quote from: wozzek23 on April 19, 2020, 10:44:56 AM

Basically, martingale strategy is all about recovering our losses which will be possible only when we double the betting. So, if you hit profits then you must move on to test your luck again. If you hit losses then you should work on recovering your losses. So, it makes sense to double the betting after losses and sticking with same bet after profits.

This must be one of the best explanation about what is martingale strategy. I just want to add a little more from what I have observed with this strategy. If you notice, almost all the strategies are working on eliminating losses but making profit is just based on our skill or luck factors.

This is because if you are able to recover the losses somehow then you can keep making profits. This is how exactly martingale strategy is working. So, doubling the betting after a loss is really a good decision. If you do not recover losses immediately then how you could focus on making profits. I just believe martingale strategy must be one of the greatest invention of mankind but unfortunately it is not working in this crypto gambling world.

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Quote from: blockman on April 20, 2020, 09:21:06 AM

Quote from: peter0425 on April 19, 2020, 11:56:42 PM

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.

If it is just a satoshis then it is applicable, when it comes about gambling with huge amount of money; doubling after a lose is not a good decision because it is a 50-50 chance. It is whether you regain your losses or it is whether you double your losses, that is why we should avoid it especially if we bet with huge amount of bitcoin.

There are a lot of people who regretted their decision when they lose because they did double their bets after they lose, it is proven that we should stay away with that kind of strategy because it can lead to greed that can lead to major more losses.

blockman

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Quote from: peter0425 on April 19, 2020, 11:56:42 PM

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.

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Quote from: ethereumhunter on April 20, 2020, 06:26:23 AM

Quote from: wozzek23 on April 19, 2020, 10:44:56 AM

I have seen people who are complaining about why we do not go for doubling the base bet even when we are hitting profits.

If there are people who ask about that again, you can suggest them to try by themselves and see what the result for them is but don't forget to suggest them not too greedy and chase the win money. If somehow, they win the games, yes, they have their luck. But if it's not, they don't have to complain because they decide to bet double and if they lose, they cannot say anything to other people because we already warn them.

And as usual, luck will lead us to a result in gambling, winning or losing will greatly depend on our fate that day but that's a case where the luck factor exists, if the casino can get rid of every outside element like luck and technology, double betting after losing only gives us a single result, we will lose or be led to a bigger loss. This is also a warning to those who ask this question, luckiness will be a factor that can be arranged in gambling, since joining, we have lost control of luck and are going into a loss

ethereumhunter

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Quote from: wozzek23 on April 19, 2020, 10:44:56 AM

I have seen people who are complaining about why we do not go for doubling the base bet even when we are hitting profits.

If there are people who ask about that again, you can suggest them to try by themselves and see what the result for them is but don't forget to suggest them not too greedy and chase the win money. If somehow, they win the games, yes, they have their luck. But if it's not, they don't have to complain because they decide to bet double and if they lose, they cannot say anything to other people because we already warn them.

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Quote from: peter0425 on April 19, 2020, 11:56:42 PM

I use this when i am still hooked in gambling,because i am not contented in small winning and i hate seeing my losses.
all i want is to earn more and more thats why i don't care of the money.
i only stops win i lose all in my pocket and will come back once i again have capital to gamble.

Same here, but this strategy brings nothing but more losses,

Especially if you are more concern with more winnings and you stop thinking about other things like saving your money or having a new strategy.

Quote from: peter0425 on April 19, 2020, 11:56:42 PM

Quote from: btcltcdigger on April 19, 2020, 12:47:19 PM

Well yes and no, but it all comes down to luck.

For example, start with a 10 satoshi bet.
On loose double it.
Theoretically, you can easily get a bad streak od 25 losses in a row, and you loose 1BTC+

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

Even if you have an unlimited budget, even if it is small I think this is still an abused if you double your bet since it is like you are rushing into things and that will become the reason for you to lose more.

peter0425

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I use this when i am still hooked in gambling,because i am not contented in small winning and i hate seeing my losses.
all i want is to earn more and more thats why i don't care of the money.
i only stops win i lose all in my pocket and will come back once i again have capital to gamble.

Quote from: btcltcdigger on April 19, 2020, 12:47:19 PM

Well yes and no, but it all comes down to luck.

For example, start with a 10 satoshi bet.
On loose double it.
Theoretically, you can easily get a bad streak od 25 losses in a row, and you loose 1BTC+

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

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Quote from: btcltcdigger on April 19, 2020, 12:47:19 PM

Well yes and no, but it all comes down to luck.

For example, start with a 10 satoshi bet.
On loose double it.
Theoretically, you can easily get a bad streak od 25 losses in a row, and you loose 1BTC+

25 losses in a row does not happen all the time. It happens once in a blue moon, but then the fact remains that it happens. We are talking about 50% chance of winning here. The question is: is it gonna be worthy chasing that 10 Sats base prize up to the point of betting 8 million times more in the process? That is the ultimate goal in this martingale example. At some point you will have to wager like 0.8306 BTC in order to get back to step 1 and win 10 Sats.

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Quote from: KTChampions on April 19, 2020, 03:55:12 PM

Quote from: Gyfts on April 19, 2020, 04:48:32 AM

You can use martingale on Sports betting but ideally the strategy works when you know what the odds are and can win at a flat rate. So usually you're talking about using it on something like roulette and betting on a single color over and over again. Sports betting is a bit more complicated because it's easier to go on a losing streak with shitty calls.

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.

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Quote from: Gyfts on April 19, 2020, 04:48:32 AM

You can use martingale on Sports betting but ideally the strategy works when you know what the odds are and can win at a flat rate. So usually you're talking about using it on something like roulette and betting on a single color over and over again. Sports betting is a bit more complicated because it's easier to go on a losing streak with shitty calls.

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.

Topic: Is Betting Double After Losing is Really a Good Decision? - page 3. (Read 2452 times)