Topic: is the martingale working or not ? (Read 566 times)

this is risky indeed and to avoid consecutive loses martingale will needed unlimited supply of money too because usually martingale system will failed if we discover 10 losing streak or more but there is no guarantee too that use big money and use martingale will sucessfully and earn profit in my view rather than play gamble with this method then just gambling normal and rely on our luck

wow ithink the best of using martingale is sportsbet coz its not fully random if u know statistic or can see a bad line bet its really works.. 3-4 lose in row its common but never have 6-8 streak, if u do maybe u can read statistic in sports

Yes, that is inevitable. If there weren't house edge it could be possible to have more balanced chances to make profit on long term with Martingale. On the currently situation you don't depend only on luck to make profit, so it's a worthless effort to keep playing hoping to make profit and recover previous losses. Gambling games were very well determinated to give house profit and to take money from most gamblers in a legit way.

Martingale is just a strategy to double up bet until you get a winning game and everything still balls down on the bank roll of the gambler and the starting amount for a bet and just like you have said, long streaks is all that it would take to clear out the whole money in the gambler's account. There is absolutely no strategy that can help in such cases and the only thing to rely on is luck and knows that you are only playing a game with a lot of chances that you can easily lose.

Usually, nothing works in gambling except your luck and the fact that you cannot always beat the house edge as your chances are quite slim is enough to let anyone know that it should be a no go area if you are thinking of making profit or earning because it is not an investment but a game and you can lose bad.

All people have tried martingale and the only thing it can do is to reduce your chances to may be play dice for a long time before you get nabbed, but that does not mean long streaks of losses cannot just easily get you nabbed.

I played roulette and I place a bet on red, it was black. In next 20 and more roulette spins I saw 4 time's green zero and the rest were black. I lost more then 0.4 BTC in that time, that was long time ago, and I believe you can find more about it in some of my comments. My last bet was around 0.15 BTC, all that is left and I started with 100 satoshis bet of I remember correctly.
Martingale works for some time, but sooner or later you will experience in long losing streak, in most of the games, there is no rule when will it happen and on which odds.

Martingale strategy is not work in any format of gambling games this is true, but i think in roulette game you will not get more loses like how we get in a dice game. I did not try this in an online game, but in offline game surely you will win back your loss in 5 or 6 moves. But making a profit is difficult you can enjoy your time that's it.

Martingale is not a smart investment method. If you are in a bad run, 8-9 loss in a row, than you might stake 1000unit to win 10-20 unit.. Just cover your losses..

It is better to split your stakes or create %2-%3-%4 Stakes, depends on your Bankroll.

I dont agree with you, as if you are playing in martingale then all games will come to loss at the end and their will be one result for 10 or 20 streaks also. You are lucky that you did not faced this problem in roulette game.

I agree even to you that even if we had a lot of money we to roll there are no assurance that we will gain profit and most of the time we ended busted. So i can say martingle is a fail strategy me myself tried it and I ended busted.

For you to be able to maximize martingale, you have to have a very big capital because you're just going to waste money if not. And even with a big capital, you're not assured that your last bet result would be positive. Martingale is flawed nomatter what people say about it. The more you play the bigger your chances of losing all your money

This is certainly not the only way of using the martingale approach. You may tweak it and set the amount you bet each round in such a way that you win twice as much as you lose at previous rounds combined. Indeed, in this way you may run out of money faster, but it at least makes sense and you can start rolling at the lowest allowed amount at that. Though I definitely agree with you that if you have unlimited funds, you can just buy the casino itself and get done with that.

Talking about the duration of results then dice would really be more faster than on roullettes which it is really prone or do have high chance on reaching out 10 losing streaks in a short period of time.The thing on here when we do play dice is that we can do make set on the lowest possible base bet which is usually on 1 - 10 sats unlike on roulletes base bets are high but actually i havent still experienced being hit by 10 losing streak on this game.

Martingale strategy works with gambling, at the same time it is not that effective with every event. We can make use of the martingale strategy, this doesn't mean that implementating the strategy will give promised growth. This can be used as an opportunity to get out of loss, but winning is not assured.

If you chances of winning is set to 50/50 then thats 50/50, no martingale can change the outcome of your bet. I think even in real life gambling martingale will not work, it will just push you to bet some more until you are able to beat the house but will lose again, its a cycle that will not make you notice how much money you are losing already because you are more focused on applying the strategy.

Yes, and it's really funny, because if you have an unlimited anount of money, then why would you even need to bet at all.
Maritiangle main goal is to profit the starting bet, which means that after a succesful round you are going to end up with your Previous Stack+Starting bet.
If your Previous stack is unlimited, then even if you end up succeeding in the round, your stack will remains unlimited, so even if you have an unlimted amount of money you are still not gaining anything.

A short answer is no, it doesn't work, and it looks like there have been a pretty long thread with a thorough discussion of this topic, so if you are really interested in understanding why martingale can't and won't work, you should read it first. And then, probably, you wouldn't have to ask this question again. Anyway, most dice sites nowadays have set a minimum bet amount way above 1 satoshi, while having a losing streak of 20 bets at 50% probability, which roughly matches black and red, is not uncommon, so you shouldn't really expect this system to be of any use at dice sites.

1.bro if u play roullete in online casino(but not live betting) u can saw 10 losses in a row in red/black...cause, one round on a live roulette game can take up to 10 minutes
2.from my experience in online dice game..sometime i saw 30 red in po 2x(49.5% chance) luckily i just betting with small amount of dogecoin lol

*cmiiw

The only time martingale (or any other gambling strategy) will work is when you have unlimited amount of money and the maximum bet amount in the website that you are playing in is also unlimited. First, no one has an unlimited amount of money because money is still limited despite of the ridiculous quantity that it has. Secondly, all websites have their maximum bet amount. Well honestly even if they don't have, your money isn't unlimited anyways.

For the amount that you're going to earn for every time you hit Green, the capital that you're going to be needing is just too much. You can't only recover 10 losses, you have to be able to recover a lot more. And since the growth of the bet amount for every time you lose is exponential (x2 x2 x2), then the capital has to be around basebet * (2^20 + 2^19 + 2^18...) and so on. That's a lot of money.

So to answer your question.. Martingale doesn't work just like how any other betting techniques don't work. They were all made by delusional people that thought they can take down a gambling site using a particular algorithm. If there's a technique that actually works, gambling sites will simply counter it. It is even possible that martingale used to work for some time so they increased the amount of loss streak a user can have so they would need bigger, unlimited even, bank rolls.

I agree, if you happen to have a long series of loses and you won, better not to continue, best thing to do is to stop and quit.  I had experience this kind of scenario several times, and the thing I observed is that.. if we push our luck with martingale method, we end up losing.  It seems the house have a limiter on this kind of strategy.  So the thing is.. martingale works but not for a long session gambling.

i think everybody here had experience playing dice with martingale method and won but that's only for temporary because martingale method will works if you're have good luck but very unfortunate this method usually cannot be repeated and with 10 or 20 losing streak will destroy this method and rapidly you will losing your money