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Topic: Is Martingale Profitable ??? - page 11. (Read 7608 times)

sr. member
Activity: 336
Merit: 254
February 27, 2016, 07:17:51 AM
#62
Only as a example what can happens.

2 sites 2 Accounts same strategie used based on Martingale



legendary
Activity: 1750
Merit: 1115
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February 27, 2016, 07:14:14 AM
#61
I tried martingale before but never had the luck. You need a large of capital for a very small return. Now, I use YOLO, you lose big if you lose but win big if you win on a single roll.
That is sad.That's not how you gamble or use martingle.This is a terrible approach towards gambling.You should quit before you make losses that you cannot recover.Try sports betting a very good option.You can't win big on a roll if the winning chances are at 2x ,its still a slow procedure which progresses slowly.Even if you want to win big,you have to bet with a very big amount.
legendary
Activity: 2240
Merit: 1069
February 27, 2016, 07:09:56 AM
#60
I tried martingale before but never had the luck. You need a large of capital for a very small return. Now, I use YOLO, you lose big if you lose but win big if you win on a single roll.
sr. member
Activity: 308
Merit: 250
❃ CyberNick ❃
February 27, 2016, 06:33:36 AM
#59
martingale never profited if long run and have little fund in account..
can busted very soon if unlucky enough.. so if only you have alot of fund maybe like never finish funds Grin its worth to try martingale
klf
legendary
Activity: 1344
Merit: 1000
February 27, 2016, 06:29:11 AM
#58
Well not really as a strategy in gambling never works for long time.I ran fown losing 0.04 in nitrogen sports martingaling with 0.001 btc per bet at 50% win chance.See anything can happen in  gambling,so the basic point is to keep up changing win chance and your bet increase strategy which will lead to a nice win.

All those points what you explained will work for some time but at the end casino house will win in dice games. So it is better to gamble just for fun and with small amounts and if we win than lucky or just forget it and go on with other things. In gambling we shouldn't try to play for winning because it can give you very huge loses.
legendary
Activity: 3094
Merit: 1469
February 27, 2016, 03:41:35 AM
#57
Well not really as a strategy in gambling never works for long time.I ran fown losing 0.04 in nitrogen sports martingaling with 0.001 btc per bet at 50% win chance.See anything can happen in  gambling,so the basic point is to keep up changing win chance and your bet increase strategy which will lead to a nice win.
legendary
Activity: 3808
Merit: 1723
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February 27, 2016, 03:37:20 AM
#56
I played with a few bots and manually and the only martingale that kinds of profitable is doing it in reverse, but it takes a really long time and sometimes right after 6-7 wins in a row you withdraw profits but if you stayed in, you could of made like a few BTC with risking only like 100 sats.
legendary
Activity: 1946
Merit: 1137
February 27, 2016, 03:14:34 AM
#55
martingale is only good for bitcoin since you can bet from .0001-1+ btc so that can be more then 10+ turns and if you don't win after 10+ turns then it has to be rigged to lose more then that is crazy but you might as well be using more electricity then its worth if your betting 1 penny at a time

i don't know what that number you wrote means but in dice you can start from 1 satoshi and bet with 2x martingale strategy. and the maximum losing streak that i have heard is possible in ~50% chance is 30 red losses in a row so you are going to need >3BTC if you don't want to lose
hero member
Activity: 756
Merit: 520
February 27, 2016, 02:58:28 AM
#54
All systems that have a negative and a positive impact. So in my opinion, martingale system it can also benefit and also get a loss.

How do I so that the martingale system can benefit..?? , the answer is you have to have a good strategy and you must also use a very effective bet to get an advantage. Typically, the martingale system would have resulted in a profit if you do bet very small amounts
member
Activity: 85
Merit: 10
February 27, 2016, 02:48:24 AM
#53
martingale is only good for bitcoin since you can bet from .0001-1+ btc so that can be more then 10+ turns and if you don't win after 10+ turns then it has to be rigged to lose more then that is crazy but you might as well be using more electricity then its worth if your betting 1 penny at a time
legendary
Activity: 3500
Merit: 1354
February 26, 2016, 09:32:28 PM
#52
Martingale can only be profitable if you have infinite bankroll. As said in previous post once in a while you'll be unlucnky enought to loose those 20 bets in a row and bust your entire bankroll.

Infinite bankroll will not work if you start with big amount, because there is always max profit/bet amount per bet in all sites. Once you reach the max profit, you'll not able to recover the previous losing streak.
Infinite bankroll may work if you start with very small amount which will not worth enough to do it.
hero member
Activity: 714
Merit: 500
February 26, 2016, 08:41:11 AM
#51
Nah martingale never can be profitable in long term of gambling, i am sure it always lead to get busted in the end, i think using martingale in gambling is like to have suicide attempt much risky method as per my experience. Tongue
hero member
Activity: 798
Merit: 500
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February 26, 2016, 08:33:39 AM
#50
I have been doing martingale when I am still has the time to gamble, there is no special in martingale, you will still be busted, the only thing I notice is when you start to bet small, there is a chance to win but as you continue with the martingale, the bigger your bet, the smaller chance that you can sustain in the game, and you will start all over again so it is not profitable..
full member
Activity: 180
Merit: 100
February 26, 2016, 08:10:28 AM
#49
Martingale can only be profitable if you have infinite bankroll. As said in previous post once in a while you'll be unlucnky enought to loose those 20 bets in a row and bust your entire bankroll.
hero member
Activity: 742
Merit: 500
February 26, 2016, 06:04:01 AM
#48

You could in an unrealistic scenario. Imagine you had a balance of 10Btc and bets started off with 1 satoshi. It would take the biggest loosing streak to bust.

It would take losing about 30 bets in a row to go broke....somewhere in there it would make more sense to bet the whole bankroll then continue with the progression if expected value is considered.  You're right, it would be ridiculous to put 10 BTC at risk to win 1 satoshi.
To loose 30 (50/50 or 33/67) bets is possible. You would need terrible luck.
legendary
Activity: 1176
Merit: 1017
February 26, 2016, 05:09:26 AM
#47

You could in an unrealistic scenario. Imagine you had a balance of 10Btc and bets started off with 1 satoshi. It would take the biggest loosing streak to bust.

It would take losing about 30 bets in a row to go broke....somewhere in there it would make more sense to bet the whole bankroll then continue with the progression if expected value is considered.  You're right, it would be ridiculous to put 10 BTC at risk to win 1 satoshi.
hero member
Activity: 742
Merit: 500
February 26, 2016, 04:54:04 AM
#46
How many of you have used the Martingale System for Gambling ?
Is it profitable ?
Share your experiences with it below !

Everytime I use martingale, I end up busting. I usually set it up so that I can survive 10+ reds, but over time that huge wall of reds can, and will come. You're basically testing the house's patience with martingale. I wouldn't at all recommend it.


Ive also used martingale on diff site but i also end up being busted by the house...
You will need  a lot of money before the martingale can be profitable or some luck with the house...

You'll never be profitable with martingale. Even if you have a large bankroll you're risking hundreds of dollars for cents every bet.

Again, I'd advise everyone to stay away from martingay.

You could in an unrealistic scenario. Imagine you had a balance of 10Btc and bets started off with 1 satoshi. It would take the biggest loosing streak to bust.
sr. member
Activity: 266
Merit: 250
Invulner
February 26, 2016, 04:19:59 AM
#45
How many of you have used the Martingale System for Gambling ?
Is it profitable ?
Share your experiences with it below !

Everytime I use martingale, I end up busting. I usually set it up so that I can survive 10+ reds, but over time that huge wall of reds can, and will come. You're basically testing the house's patience with martingale. I wouldn't at all recommend it.


Ive also used martingale on diff site but i also end up being busted by the house...
You will need  a lot of money before the martingale can be profitable or some luck with the house...

You'll never be profitable with martingale. Even if you have a large bankroll you're risking hundreds of dollars for cents every bet.

Again, I'd advise everyone to stay away from martingay.
member
Activity: 112
Merit: 10
February 26, 2016, 04:18:57 AM
#44
How many of you have used the Martingale System for Gambling ?
Is it profitable ?
Share your experiences with it below !

Everytime I use martingale, I end up busting. I usually set it up so that I can survive 10+ reds, but over time that huge wall of reds can, and will come. You're basically testing the house's patience with martingale. I wouldn't at all recommend it.


Ive also used martingale on diff site but i also end up being busted by the house...
You will need  a lot of money before the martingale can be profitable or some luck with the house...
sr. member
Activity: 266
Merit: 250
Invulner
February 26, 2016, 04:08:10 AM
#43
How many of you have used the Martingale System for Gambling ?
Is it profitable ?
Share your experiences with it below !

Everytime I use martingale, I end up busting. I usually set it up so that I can survive 10+ reds, but over time that huge wall of reds can, and will come. You're basically testing the house's patience with martingale. I wouldn't at all recommend it.
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