Is Betting Double After Losing is Really a Good Decision? - page 9.

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Quote from: AakZaki on April 04, 2020, 07:16:24 PM

If the Martingale strategy can be effective the bookies will go bankrupt, because all gambling players will use it.

Definitely. No certain strategy is applicable for betting, Martingale is indeed never considered as an effective strategy. You are right, no betting site can survive to pay all the gamblers if Martingale is proven as an effective strategy. Cheesy

Quote from: AakZaki on April 04, 2020, 07:16:24 PM

I often say that gambling is only based on luck, maybe this word is appropriate for gambling on 1% strategy - 99% luck.

Yep, this is what I also believe in. Most gambling games are based on luck, including betting. In this case, a strategy isn't the main factor to determine winning or losing. So, it sounds a bit funny if someone can state that he has an effective way/strategy to beat betting.

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Quote from: Lucasgabd on April 04, 2020, 12:17:04 PM

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

The thing is you are saying it depends on the game you are playing but in the end you said the house always wins.
Try to realize that not all games has house edge, there are skilled based games where you are not gambling against the house, like sports betting, bettors gambling against each other, house just facilitate the bets.

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Quote from: chaser15 on April 01, 2020, 07:59:00 PM

Martingale is not supposed to be a strategy.
It's a way of betting. No way it will increase winning chances.

If the Martingale strategy can be effective the bookies will go bankrupt, because all gambling players will use it.
I often say that gambling is only based on luck, maybe this word is appropriate for gambling on 1% strategy - 99% luck.

So if someone playing gambling doesn't have the most luck, don't expect to be able to get a lot of money. Using any strategy in gambling must still be wise in making decisions, if the percentage of defeat is better to stop for a moment and come back another time.
Similarly, when winning, do not be complacent before the money is completely used up because of it.

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There's no need to be upset

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

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Quote from: Mumbeeptind1963 on April 04, 2020, 11:33:25 AM

Quote from: South Park on April 01, 2020, 01:55:43 PM

But that is the issue you cannot really control your luck and you will never have that ability so if eventually the results you are getting go against you not only you are going to lose all your profits with that strategy you are also going to be very tempted to try to double your bet right there to try to recover it and you will go through your capital at an amazing speed, this is why I never recommend martingale or any other strategy that is similar because in the heat of the moment you are bound to take decisions you would not normally do and suffer huge consequences because of it.

For me, whatever it is, I would not do that, in gambling you have a 50/50 chance in every bet that you will make, so I think when you do making double your bet can only result in not a good thing, you must control your fund and gameplay as well, so that you may avoid this thing and can have a little loss, because if you do, you will have a triple loss, and can only frustrate and make you bet again and again until you cover all those loses.

I will do the same with you because most of the time there are a lot of people listening to the hoax that if you lose your game try it in a double so you can scare other players but some of them are confident too and agree with the deal so it is got more risk because the only chance of 50 percent to win the deal if you are this kind of person it is better to take some time to decide because it can cause immediately of losing your funds. But if you want to play safe you will not do this kind of double your wage when you lose, but still, it depends on the players luck and confidence if they are trying to risk the money and the game to have a double income.

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Quote from: South Park on April 01, 2020, 01:55:43 PM

But that is the issue you cannot really control your luck and you will never have that ability so if eventually the results you are getting go against you not only you are going to lose all your profits with that strategy you are also going to be very tempted to try to double your bet right there to try to recover it and you will go through your capital at an amazing speed, this is why I never recommend martingale or any other strategy that is similar because in the heat of the moment you are bound to take decisions you would not normally do and suffer huge consequences because of it.

For me, whatever it is, I would not do that, in gambling you have a 50/50 chance in every bet that you will make, so I think when you do making double your bet can only result in not a good thing, you must control your fund and gameplay as well, so that you may avoid this thing and can have a little loss, because if you do, you will have a triple loss, and can only frustrate and make you bet again and again until you cover all those loses.

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Quote from: Danydee on March 31, 2020, 01:11:01 PM

Quote from: skarais on March 31, 2020, 10:46:20 AM

I just think that this strategy still has a 50:50 chance of winning, so still if we are too excited and cant control our emotions, as much as anything capital we have, it will disappear and we will come out empty-handed. Believe me, there is no strategy that always runs smoothly as we wish. I have tried it.

That's sure when you see that you go from 1 to ~16000 just on 15 bets..
~

True. And while 16k sats isn't that much, you go to 130k with just 3 more reds. If you ask me, 130k sats is not what I want to lose in a matter of minutes. I can play in a solid poker tournament with the money for 2-3 hours, with a possible win of 840k sats. Wink

Martingale strategy has drained many gamblers' budgets at some point, mine included. I still think it can be used for entertainment purposes, but before starting one should make sure that his/her balance on the site is not larger than they can afford to lose.

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Well it is not a good idea, because if you double your bets there’s a no change that you would return your loss assets in just simple double it your bets, because it is not a 100% sure if you surely get back your assets. What if you failed again? Instead of double you win, it is double you lose because you did a double betting. For me, it is much better if you single only your bet to prevent you from large lose.

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Quote from: Lakai01 on March 29, 2020, 09:41:26 AM

Snip

That is true. Now, imagine playing roulette using the Martingale system and doubling your bets whenever you lose.
Lets say your starting bet is $2 and you lost 6 times in a row. 2+4+8+16+32+64=126 if my math is correct. You have just lost $126 chasing a minimum win and you need a new bet of $128 to continue the streak and there is absolutely no guarantee that you wont lose a 7th time in a row.
Imagine if your starting bet is $10 or $50 and how big of a bank you would need to keep going. It's just an example.

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Quote from: NavI_027 on April 02, 2020, 01:54:06 AM

Why not?! Live your life to fullest if and only if you are already a billionaire and just gamble for fun and. Just let the fate decide whether your overall wealth will diminish by few coins or added by few coins as well Grin

.

But on the contrary, if you set gambling as a career and think twice, you should consider first the game you are playing with. Maybe doubling the bets after a loss could work more efficiently in strategy based games such as sportsbetting rather than dices, roulettes and lotteries.

Um there are other ways to live life to the fullest and most of them really do not need you to throw all your money away!

I think everyone can afford to enjoy some reckless moments in their lives but very few reckless actions affect only you. Usually they affect others around you in ways that stay a long time.

Enjoy, no need to enjoy recklessly!

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Quote from: skarais on March 31, 2020, 10:46:20 AM

I just think that this strategy still has a 50:50 chance of winning, so still if we are too excited and cant control our emotions, as much as anything capital we have, it will disappear and we will come out empty-handed. Believe me, there is no strategy that always runs smoothly as we wish. I have tried it.

Yes this strategy has a 50:50 chance of winning but the thing is the risk of this strategy goes higher as you are losing your money.

This strategy isn't worth it because if you win on it, you will only get the first initial bet that you put but it can lose your money in a short amount of time.
There is no strategy that will work in gambling. For me, gambling is just a game of luck nothing more Wink

.

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Quote from: Meowth05 on April 02, 2020, 01:37:56 AM

That is the best way to lose money and the worst way to break even, remember that there is a 50/50 chance to win and lose and making a big bet after a loss will likely cause more loss.

Sometimes or most of the time the chance of winning is not 50/50... just like gambling in a gambling site with most games has house edge, you don't get 50% chance of winning with that, you have to be wise, in every game there's an edge, and you have to ensure that the edge is on your favor, otherwise you'll still lose regardless of how hard you try, even using the martingale method.

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Why not?! Live your life to fullest if and only if you are already a billionaire and just gamble for fun and. Just let the fate decide whether your overall wealth will diminish by few coins or added by few coins as well Grin

.

But on the contrary, if you set gambling as a career and think twice, you should consider first the game you are playing with. Maybe doubling the bets after a loss could work more efficiently in strategy based games such as sportsbetting rather than dices, roulettes and lotteries.

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Not at all. If you don't have a strategy, you are just trying out your luck, not skills. Either way it won't work in the long run..

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That is the best way to lose money and the worst way to break even, remember that there is a 50/50 chance to win and lose and making a big bet after a loss will likely cause more loss.

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Quote from: dothebeats on April 01, 2020, 05:16:50 PM

Jokes aside though, there isn't any mathematical proof that the Martingale strategy nets more wins than loss. I am yet to see an actual scenario in which the said strategy would yield similar results after X number of bets with the same odds. In a provably-fair dice game with luck as a major factor, don't expect Martingale to give you wins, or rather save you from your vanishing bankroll as it might even inch you closer to losing all your funds. Martingale is a method to lose money in an extremely fast way IMO, not the other way around.

Martingale is not supposed to be a strategy.

It's a way of betting. No way it will increase winning chances.

Quote from: dothebeats on April 01, 2020, 05:16:50 PM

Martingale is a method to lose money in an extremely fast way IMO, not the other way around.

For dice, yes. But didn't you know there are gambling where Martingale is effective?

Those games are those who aren't face the house-edge. One good example is the physical gambling game called the color-game. It's effective but of course, get out if already winning.

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If you have a few screws loose in the head, then yes.

Jokes aside though, there isn't any mathematical proof that the Martingale strategy nets more wins than loss. I am yet to see an actual scenario in which the said strategy would yield similar results after X number of bets with the same odds. In a provably-fair dice game with luck as a major factor, don't expect Martingale to give you wins, or rather save you from your vanishing bankroll as it might even inch you closer to losing all your funds. Martingale is a method to lose money in an extremely fast way IMO, not the other way around.

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Quote from: KrisAlex18 on April 01, 2020, 04:41:50 PM

Actually we cannot say that our decision is good until the result was given, gambling will only rely on the luck of the person, so if you are thinking that you may win on the next game and you want to double your bet, do not do that unless you are a risk taker and you have so much money.

Having a mindset like that is not really good because you cannot predict the future of the gambling or the result of the game. It is still better if you are just play safe, just bet according on your money, do not take a risk to the things that you are not sure that you may win the game.

All things will vary on risk management and if you dont mind on losing that next bet and doesnt compromise up your life savings then it should be fine but if you do already spending up money
which are intended to be used in future then thats already a bad sign that you are already addicted with it.

Doubling bets after losing is common yet we know that martingale does really work on this way.Knowing the future or do talks on knowing the next results is impossible
specially if we do play luck-based ones but somewhat if in talks of strategic ones then you might have a chance.

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I have heard a lot about this strategy and have tried it more than once. In few occassion it worked for me as I was calculating the pattern and was expecting a positive outcome. But, it is not possible to always keep a track as sometimes the pattern changes abruptly. In such situation you end up losing big. I tried it with dice.

In my opinion it is too risky. It is always better to get small so that you lose small.

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Actually we cannot say that our decision is good until the result was given, gambling will only rely on the luck of the person, so if you are thinking that you may win on the next game and you want to double your bet, do not do that unless you are a risk taker and you have so much money.

Having a mindset like that is not really good because you cannot predict the future of the gambling or the result of the game. It is still better if you are just play safe, just bet according on your money, do not take a risk to the things that you are not sure that you may win the game.

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