Topic: Losing a martingale is easier than you think (Read 2326 times)
loosing with a strategy called martingale is really easy on dice games therefore i never use it to play any games that involve money with it, hopefully no one will choose to use it too much
Martingale is fun, yesterday I started with 0.0002 at PD, got it up to 0.1, was about to deposit but then a couple of secs later I was at almost 0 balance 
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
Could you please share your martingale setting and how long you made that 0.1 just from 0.0002? It is too good to be true, but nothing impossible when you have a great luck.
https://i.imgur.com/NuK7IRz.png Seems like my luck has depleted.
you win x50 of your deposit and do not withdraw it.
"Martingale is fun, yesterday I started with 0.0002 at PD, got it up to 0.1 "
People are always greedy
https://snapr.pw/i/466209017c.png I think I should stop betting now.
Martingale is fun, yesterday I started with 0.0002 at PD, got it up to 0.1, was about to deposit but then a couple of secs later I was at almost 0 balance
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
Could you please share your martingale setting and how long you made that 0.1 just from 0.0002? It is too good to be true, but nothing impossible when you have a great luck.
https://i.imgur.com/NuK7IRz.png Seems like my luck has depleted.
you win x50 of your deposit and do not withdraw it.
"Martingale is fun, yesterday I started with 0.0002 at PD, got it up to 0.1 "
People are always greedy
Martingale is fun, yesterday I started with 0.0002 at PD, got it up to 0.1, was about to deposit but then a couple of secs later I was at almost 0 balance
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
Could you please share your martingale setting and how long you made that 0.1 just from 0.0002? It is too good to be true, but nothing impossible when you have a great luck.
https://i.imgur.com/NuK7IRz.png Seems like my luck has depleted.
Martingale is fun, yesterday I started with 0.0002 at PD, got it up to 0.1, was about to deposit but then a couple of secs later I was at almost 0 balance
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
Could you please share your martingale setting and how long you made that 0.1 just from 0.0002? It is too good to be true, but nothing impossible when you have a great luck.
Whatever strategy he used, he had less than 1/500 chances of getting this goal
I went through the formulas and the approximations given in your link.As the started paragraphs said,its very difficult to determine the winning streaks so whatever answers are derived ,they're on basis of some formulas and approximations.Doesn't necessarily have to be accurate in the gambling case,because the formula assumes find the probability of of a consecutive event at N number of times when the given sample space is "S" which is known.Gambling is quite different,the sample place formerly is not known and there are multiple events .
That's true, but seems like you read only the physicist response.
Here what the mathematician said:
"
Mathematician: Want an exact answer without all the hard work and really nasty formulas? Computers were invented for a reason, people.
We want to compute S(N,K), the probability of getting K or more heads in a row out of N independent coin flips (when there is a probability p of each head occurring and a probability of 1-p of each tail occurring). Let’s consider different ways that we could get K heads in a row. One way to do it would be to have our first K coin flips all be heads, and this occurs with a probability p^{K}. If this does not happen, then at least one tail must occur within the first K coin flips. Let’s suppose that j is the position of the first tail, and by assumption it satisfies 1 \le j \le K. Then, the probability of having K or more heads in a row in the entire set of coins (given that the first tail occurred at j \le K) is simply the probability of having K or more heads in a row in the set of coins following the jth coin (since there can’t be a streak of K or more heads starting before the jth coin due to j being smaller or equal to K). But this probability of having a streak of K or more after the jth coin is just S(N-j,K). Now, since the probability that our first tail occurs at position j is the chance that we get j-1 heads followed by one tail, so it is p^{j-1} (1-p) . That means that the chance that the first tail occurs on coin j AND there is a streak of K or more heads is given by p^{j-1} (1-p) S(N-j,K). Hence, the probability that the first K coins are all heads, OR coin one is the first tails and the remainder have K or more heads in a row, OR coin two is the first tails and the remainder have K or more heads in a row, OR coin three is the first tails and…, is given by:
S(N,K) = p^{K} + \sum_{j=1,K} p^{j-1} (1-p) S(N-j,K)
Note that what this allows us to do is to compute S(N,K) by knowing the values of S(N-j,K) for 1 \le j \le K. Hence, this is a recursive formula for S(N,K) which relates harder solutions (with larger N values) to easier solutions (with smaller N values). These easier solutions can then be computed using even easier solutions, until we get to S(A,B) for values of A and B so small that we already know the answer (i.e. S(A,B) is very easy to calculate by hand). These are known as our base cases. In particular, we observe that if we have zero coins then there is a zero probability of getting any positive number of heads is zero, so S(0,K) = 0, and the chance of getting more heads than we have coins is zero, so S(N,K) = 0 for K>N.
All of this can be implemented in a few lines of (python) computer code as follows:"
..the second link I provided is based on this code, not on the " physicist answer" .
I went through the formulas and the approximations given in your link.As the started paragraphs said,its very difficult to determine the winning streaks so whatever answers are derived ,they're on basis of some formulas and approximations.Doesn't necessarily have to be accurate in the gambling case,because the formula assumes find the probability of of a consecutive event at N number of times when the given sample space is "S" which is known.Gambling is quite different,the sample place formerly is not known and there are multiple events .
I mean, honestly I've tried martingale system knowing that it won't work long term but I've used for 20 minutes or so in satoshi mines I remember. I got great results and more than doubled my money. What that means? well I got lucky, but I was at the brink of losing it all many times, so I know if I've kept playing I will lose eventually.
I think this is a system very similar to just bet on black, less than 50%, double your money or lose it all, it's a hailmary attempt. The question is: it better than gambling without a system thinking you will outwin the house? That's what most gamblers do...
I think this is a system very similar to just bet on black, less than 50%, double your money or lose it all, it's a hailmary attempt. The question is: it better than gambling without a system thinking you will outwin the house? That's what most gamblers do...
Martingale is fun, yesterday I started with 0.0002 at PD, got it up to 0.1, was about to deposit but then a couple of secs later I was at almost 0 balance
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
Could you please share your martingale setting and how long you made that 0.1 just from 0.0002? It is too good to be true, but nothing impossible when you have a great luck.
Martingale is fun, yesterday I started with 0.002 at PD, got it up to 0.1, was about to deposit but then a couple of secs later I was at almost 0 balance
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.
I've never thought about pinning my hopes on any kind of betting system, they're all bull shit imo. The house wins more often than not. Just gamble with small amounts & have fun.
Don't try to rely on any kind of system.
Don't try to rely on any kind of system.
i'm done with these strategy because have been did it several times and mostly my bet result is lose although i do martingale for sport betting but it's does not working for me
Martingale is a great and standard skill for everyone to use because it simple enough for everyone to use it but the problem is how are you going to manage your multiplier and on loss and everything to get some profit? This thing is the hardest part and no one still not be able to set it well unless depends on your luck
Martingale is still martingale.
No matter how you set the multiplier, how much your base bet, how much you increase on loss. It will always end in the same "LOSE", especially if you use an auto betting feature.
Martingale is a great and standard skill for everyone to use because it simple enough for everyone to use it but the problem is how are you going to manage your multiplier and on loss and everything to get some profit? This thing is the hardest part and no one still not be able to set it well unless depends on your luck
Martingale is still martingale.
No matter how you set the multiplier, how much your base bet, how much you increase on loss. It will always end in the same "LOSE", especially if you use an auto betting feature.
That is an interesting calculator, but I am not sure if it is helpful to convince martingale players to stop using it or to acknowledge its risk. I mean, those who know maths and at least believe in math (dooglus and others have explained it numerous times) would understand martingale is no good long ago. But those who don't know or don't believe in math will not believe the calculator either.
Martingale is a great and standard skill for everyone to use because it simple enough for everyone to use it but the problem is how are you going to manage your multiplier and on loss and everything to get some profit? This thing is the hardest part and no one still not be able to set it well unless depends on your luck
it is just a way to play with your $$. however, as what many have said, the house edge is still against you. so you may reduce the house edge by using martingale but in the long run, you still end up losing to house edge.
Martingale is a great and standard skill for everyone to use because it simple enough for everyone to use it but the problem is how are you going to manage your multiplier and on loss and everything to get some profit? This thing is the hardest part and no one still not be able to set it well unless depends on your luck
Everything works till some certain point if you are lucky enough to take your winnings you think that worked for you.Martingale is same it worked for some people but let many without money in the end.
martingale can make you lose at the time you just start it, for example you can easily get 20 losses in a row as no one knows how will betting turn out, it would make you loose everything
Everything works till some certain point if you are lucky enough to take your winnings you think that worked for you.Martingale is same it worked for some people but let many without money in the end.
I am fully aware of this risk of loosing money when playing with martingale.I have lost sometimes when I got 12 red streaks in a row and I was having 0.10BTC divided on 13 streaks but I didn't reach to that long.You can not relay on martingale to win.
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