Just another example of Martingale lose

gogodr

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Quote from: NUFCrichard on June 13, 2016, 02:04:52 AM

Quote from: gogodr on June 13, 2016, 01:57:18 AM

Martingale works, his bets were just too big for his bankroll. You need to have enough to take 10 losses at least before you win one.

You are half right. He was betting far too big for his bank, so the inevitable big loss came quicker than should have been the case.

Even if he had bet small or had a massive bank, he would lose it all eventually. Martingale is just pushing the losses back, until eventually the odds catch up with you and you lose it all!

Well not even martingale can save you from that. When you are up you need to walk away and add to you bankroll so you can continue to see another day. But yeah, way too big bets for such a tiny bankroll.

NUFCrichard

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Quote from: gogodr on June 13, 2016, 01:57:18 AM

Martingale works, his bets were just too big for his bankroll. You need to have enough to take 10 losses at least before you win one.

You are half right. He was betting far too big for his bank, so the inevitable big loss came quicker than should have been the case.

Even if he had bet small or had a massive bank, he would lose it all eventually. Martingale is just pushing the losses back, until eventually the odds catch up with you and you lose it all!

gogodr

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Martingale works, his bets were just too big for his bankroll. You need to have enough to take 10 losses at least before you win one.

Vongola

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There are alot people who lost when trying martingale strat. Better try find other strat which more safe than martingale

naidray

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Quote from: tsaroz on June 06, 2016, 10:26:41 PM

Don't know who this guy is but he lost over 3.8 BTC within a minute playing dice with martingale strategy. One of the largest lose I have encountered.

-snip-

3+ BTC lose on playing dice with martingale strategy!!! Mr.hohnsohn had a big heart I guess. I just saw first time who lose this kind of big amount on dice game. Hope he can afford and come as a professional gambler. I tried to play dice with little amounts but at the end I lose all. I think there is nothing possible there, you will never win at the end. So keep you away from this kind of game.

marlboroza

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Quote from: tsaroz on June 06, 2016, 10:26:41 PM

Don't know who this guy is but he lost over 3.8 BTC within a minute playing dice with martingale strategy. One of the largest lose I have encountered.

I always say - don't play marginal! And this guy is perfect example of my words!
Gambling with 2500$ to get only 65$, and I am asking you is 65$ worth of losing all?

Semidetached

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Quote from: Barbut on June 12, 2016, 12:32:30 PM

Quote from: tsaroz on June 06, 2016, 10:26:41 PM

Don't know who this guy is but he lost over 3.8 BTC within a minute playing dice with martingale strategy. One of the largest lose I have encountered.

6 reds on x 2. Seems so ordinary, I had 20 and more in some cases on that bet. So I`m not surprised at all with this loss. And what is most funny here even if he won on his 6th bet, how much would he won? Nothing, so question is how much he risk and how much he can gain from that risk?
Dices are good game when you chase big payouts, x 2 is just a trick. I lost to many times like that on dices, cause of that I stopped playing dices and now from time to time I chase some big payouts with small amounts. If it comes it comes, if not who cares.
What else to say, people be careful when you play dices. And martingale is just one stupid strategy, better find something else.

He would have won about half of his overall losses back. Looks like another guy who became a victim to putting good money in after bad. RIP in pieces his bitcoin wallet.

Falconer

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Quote from: Bitinity on June 12, 2016, 11:14:18 AM

Quote from: Falconer on June 12, 2016, 10:09:05 AM

Quote from: adaseb on June 11, 2016, 07:31:59 AM

This actually happens all the time. I have seen people betting like 0.00000100 sats on martingale and they end up losing like 2-3 BTC because they hit huge losing streaks. Its very dangerous.

With that amount of his bet and how much he lose, then I guess the problem is he took high multiplier, maybe over 2.0, so thats why he hit big losing streaks. Like I said before, martingale isnt suitable for bet on high multiplier and those who dont have enough balance to cover it.

No matter how much is the multiplier, martingale is still martingale that may give you such losing streaks. With that amount above, someone may lose 3btc in 26 losing streaks with 2x multiplier and 100% increase on lose.
The same if you choose lower multiplier, because when someone choose low multiplier and do martingale he will increase more than 100% on lose.
Overall, martingale is not suitable for any multipliers if you ask me.

Sorry I want to correct my post, 2x multiplier is still safe for martingale, I haven't seen many losing streaks over than 10 in a row, so with .000001BTC, if you lose 10times in a row, you still lost at least 1mBTC. Then I realized that guy who lost 2-3BTC made multiplier higher than 10.

Barbut

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★Bitvest.io★ Play Plinko or Invest!

Quote from: tsaroz on June 06, 2016, 10:26:41 PM

Don't know who this guy is but he lost over 3.8 BTC within a minute playing dice with martingale strategy. One of the largest lose I have encountered.

6 reds on x 2. Seems so ordinary, I had 20 and more in some cases on that bet. So I`m not surprised at all with this loss. And what is most funny here even if he won on his 6th bet, how much would he won? Nothing, so question is how much he risk and how much he can gain from that risk?
Dices are good game when you chase big payouts, x 2 is just a trick. I lost to many times like that on dices, cause of that I stopped playing dices and now from time to time I chase some big payouts with small amounts. If it comes it comes, if not who cares.
What else to say, people be careful when you play dices. And martingale is just one stupid strategy, better find something else.

DarkThrones

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That's only a 6 bet loss streak lol. You can run into twice amounts of that pretty often. Imagine a 12 loss streak. I've hit 20 or so multiple times before. Martingale is not your friend.

pocarime32

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Quote from: tsaroz on June 06, 2016, 10:26:41 PM

Don't know who this guy is but he lost over 3.8 BTC within a minute playing dice with martingale strategy. One of the largest lose I have encountered.

Oh my, it's so pain looking that image. Martingale strategy and provably fair are worst, 50% chance to win y got losing streak 6 times. I'm so sorry to him, it must be very sucks.

Bitinity

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Quote from: Falconer on June 12, 2016, 10:09:05 AM

Quote from: adaseb on June 11, 2016, 07:31:59 AM

This actually happens all the time. I have seen people betting like 0.00000100 sats on martingale and they end up losing like 2-3 BTC because they hit huge losing streaks. Its very dangerous.

With that amount of his bet and how much he lose, then I guess the problem is he took high multiplier, maybe over 2.0, so thats why he hit big losing streaks. Like I said before, martingale isnt suitable for bet on high multiplier and those who dont have enough balance to cover it.

No matter how much is the multiplier, martingale is still martingale that may give you such losing streaks. With that amount above, someone may lose 3btc in 26 losing streaks with 2x multiplier and 100% increase on lose.
The same if you choose lower multiplier, because when someone choose low multiplier and do martingale he will increase more than 100% on lose.
Overall, martingale is not suitable for any multipliers if you ask me.

crairezx20

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Quote from: mindrust on June 12, 2016, 10:44:53 AM

Yeah that's the example why martigale is a useless strategy. People are warning gamblers about the martingale but every noob out there approaces to martingale like they invented it and nobody have never thought about it before.

Martingale is a poison.

Btw there are no strategies when it comes to dice games. No skills required= No strategies.

Over martingale is not poison and i think this methods works in other gamblers and also this method works in other game not only dice game can use this strategy.. we know its always depends in luck not in strategy but martingale works for me not in online gambling casiono but its working to me in color game..

mindrust

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Yeah that's the example why martigale is a useless strategy. People are warning gamblers about the martingale but every noob out there approaces to martingale like they invented it and nobody have never thought about it before.

Martingale is a poison.

Btw there are no strategies when it comes to dice games. No skills required= No strategies.

RoommateAgreement

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Bazinga!

martingale method is always a terrible method of gambling in dice games. there are a lot of ifs and buts in it when you want to win, which is why we will always end up losing in the end.

for example a big if in martingale is that if you have a very huge bankroll you can have chance of being sure you never lose which is also impossible.

Falconer

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Quote from: adaseb on June 11, 2016, 07:31:59 AM

This actually happens all the time. I have seen people betting like 0.00000100 sats on martingale and they end up losing like 2-3 BTC because they hit huge losing streaks. Its very dangerous.

With that amount of his bet and how much he lose, then I guess the problem is he took high multiplier, maybe over 2.0, so thats why he hit big losing streaks. Like I said before, martingale isnt suitable for bet on high multiplier and those who dont have enough balance to cover it.

elyas772

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too greedy start of 0.1BTC, and it seems he did not take into account the capital. perhaps it would be better if it started from 0.01BTC

JasonXG

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Quote from: tsaroz on June 06, 2016, 10:26:41 PM

Don't know who this guy is but he lost over 3.8 BTC within a minute playing dice with martingale strategy. One of the largest lose I have encountered.

The saddest part is he lost it all trying to make a measly 0.10 . lost everything just to gain a small 2% or so. Silly.

shanem

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It is not very rare to have such losing streak with 50% winning change. When I use dust from faucet to roll dice at minimum bet, it would take less than 100 rolls to get a lose streak of 6 times. I don't have faith in using martingale anymore.

reuschman

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Quote from: Barcode_ on June 11, 2016, 07:21:09 AM

Martingale doesn't really guarantee a 100% win for dice, Luck matters a lot in gambling Cheesy

Luck? also MATH! Because it's so statically impossible win against the house Tongue

Topic: Just another example of Martingale lose (Read 1845 times)