Topic: Losing a martingale is easier than you think - page 2. (Read 2292 times)
LOL, this page is awesome, nice to see so complex math formulas to prove them, but for my personal feeling, it can't be so high almost 20%, only 1% house edge, why so high?
Martingale is very risky and I saw in a dice site that losing 10 times in a row at 2 odds is not rare. This is why I have stopped using martingale and just do direct betting instead.
I know martingale is a bad strategy for dice games or casino.
But you can make profit with martingale with sportbets.
I use martingale and bet on number of goals.
But you can make profit with martingale with sportbets.
I use martingale and bet on number of goals.
Have you ever seen a sports team lose all their matches in the season? I have: in 2008, the Detroit Lions lost all of their regular season matches... If you had done a martingale on Detroit Lions winning on the Money Line with a base bet of $1, you would had to bet $65536 on the last week (and would had lost that too).
Just to prove that loss streaks happen in sports, although in my opinion, it won't be that likely to occur compared to plain o' dice, if you know what you're doing.
I think Detroit is one exception. There is only one in so many team that you have bet. Btw is that team top rank team? I wonder if people keep betting on low rank team and keep martingale it because it will be stupid enough to choose lower rank team to place your bet
yeah when martiangle eat all my balance 
maybe this method work for short term, because i ever make 0.01 to 0.013 in primedice with martiangle
the important thing is dont be greedy
It works until it doesn't but you cant say when your luck might switch and keep on rolling just in hope of winning is the biggest mistake or gamblers fallacy.maybe this method work for short term, because i ever make 0.01 to 0.013 in primedice with martiangle
the important thing is dont be greedy
You can also hit 40 reds in the beginning rolls.Nothing gives you surety to not to hit.
yeah when martiangle eat all my balance
maybe this method work for short term, because i ever make 0.01 to 0.013 in primedice with martiangle
the important thing is dont be greedy
maybe this method work for short term, because i ever make 0.01 to 0.013 in primedice with martiangle
the important thing is dont be greedy
of course loosing martingale is extremely easy, in order to win big you need to bet big and if you will win big it will fail you in a few rolls, in my opinion its better to avoid it
Loosing in martingale is actually easy right. But some people use their superb duper strategies ( lol loosing chances aare same ) and really make profit. It can be understood as someone blinding up his 2 btc at 2 odds is much likely to loose than someone doing martingale with 0.01 bas bet and 2 btc bankroll.
I know martingale is a bad strategy for dice games or casino.
But you can make profit with martingale with sportbets.
I use martingale and bet on number of goals.
But you can make profit with martingale with sportbets.
I use martingale and bet on number of goals.
Have you ever seen a sports team lose all their matches in the season? I have: in 2008, the Detroit Lions lost all of their regular season matches... If you had done a martingale on Detroit Lions winning on the Money Line with a base bet of $1, you would had to bet $65536 on the last week (and would had lost that too).
Just to prove that loss streaks happen in sports, although in my opinion, it won't be that likely to occur compared to plain o' dice, if you know what you're doing.
i always knew that, thats why i dont like to use it at all, there are a lot of other strategies that might be handy also you can create one yourself
i dont think that it is hard to lose with a martingale strategy, i think that its easier to make a 2x all in than make your balance 2x with a martingale strategy, its just better not to use it in any case
loosing a martingale is really easy, i think its one of the easiest ways to loose all your money you have, i stay away from it and i never gamble my money with strategies
The second link to the calculator comes in handy. I always know it is not that rare to have a long streak but never know how to calculate it myself, and now it becomes very easy for me to do the calculation. Thanks a lot for sharing it.
I'm not sure about the name of this strategy, but it's been said to give you better wins on streaks :
1) Whenever you lose, keep the same base bet.
2) When you win, raise your bet by an increment higher than the base bet.
Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.
I don't know the name of the above strategy but i can help you name it. The losing strategy just like the martingale the math was done long ago and i am surprised people still try and work the method out and even use it.1) Whenever you lose, keep the same base bet.
2) When you win, raise your bet by an increment higher than the base bet.
Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.
not only martingale is the strategy that will make you loose all the money you have, you should avoid all of them as it will hook you and you will not be able to escape it because of the ideas that you might beat casino
You could not speak the truth more clearly. This is a big part of the casinos profit, gamblers thinking they can beat the house edge with a strategy or method. Before they know it they are addicted and losing everything.
usually people who are trying those strategies are newbies who dont really know how gambling works before losing everything a couple of times what makes them to read more about it
I only gamble what I can afford to lose. This is generally the only rule you need to follow when gambling. Newbies are people who consider gambling some sort of job, and think that there's at least one strategy out there that will always work out for them. So, if you think you know how "gambling works", I feel sorry for you.
I'm not sure about the name of this strategy, but it's been said to give you better wins on streaks :
1) Whenever you lose, keep the same base bet.
2) When you win, raise your bet by an increment higher than the base bet.
Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.
I don't know the name of the above strategy but i can help you name it. The losing strategy just like the martingale the math was done long ago and i am surprised people still try and work the method out and even use it.1) Whenever you lose, keep the same base bet.
2) When you win, raise your bet by an increment higher than the base bet.
Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.
not only martingale is the strategy that will make you loose all the money you have, you should avoid all of them as it will hook you and you will not be able to escape it because of the ideas that you might beat casino
You could not speak the truth more clearly. This is a big part of the casinos profit, gamblers thinking they can beat the house edge with a strategy or method. Before they know it they are addicted and losing everything.
... indeed, with an house edge of 1% and betting 2x, you have 19.33% of chances to encounter an 8 losing streak in your first 100 bets. 1/5, not so hard...
The math behind this is really hard, I struggled a bit to find it out and I definitely can't understand it, but for people who can here's the link:
http://www.askamathematician.com/2010/07/q-whats-the-chance-of-getting-a-run-of-k-successes-in-n-bernoulli-trials-why-use-approximations-when-the-exact-answer-is-known/
And, for lazy people like me, here you can find a calculator:
http://maxgriffin.net/CalcStreaks.shtml
I'm just sharing, because I was asking thiis question myself for a time, and now I found the answer
The math behind this is really hard, I struggled a bit to find it out and I definitely can't understand it, but for people who can here's the link:
http://www.askamathematician.com/2010/07/q-whats-the-chance-of-getting-a-run-of-k-successes-in-n-bernoulli-trials-why-use-approximations-when-the-exact-answer-is-known/
And, for lazy people like me, here you can find a calculator:
http://maxgriffin.net/CalcStreaks.shtml
I'm just sharing, because I was asking thiis question myself for a time, and now I found the answer
The number 19.33% you get is close enough, but it is not correct. With a house edge of 1%, you actually have 50.5% chance to lose a 2x bet, and hence the actual chance for you to get 8 losses in a row in 100 bets is 18.15141%. It seems you have used 51% in your calculation which would implies a 2% house edge instead of 1%.
Thank you for pointing it out
I'm not sure about the name of this strategy, but it's been said to give you better wins on streaks :
1) Whenever you lose, keep the same base bet.
2) When you win, raise your bet by an increment higher than the base bet.
Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.
I don't know the name of the above strategy but i can help you name it. The losing strategy just like the martingale the math was done long ago and i am surprised people still try and work the method out and even use it.1) Whenever you lose, keep the same base bet.
2) When you win, raise your bet by an increment higher than the base bet.
Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.
That sounds like the reverse martingale aka anti-martingale. For your reference: https://en.wikipedia.org/wiki/Martingale_(betting_system)#Anti-martingale Anyway, as KingZee said, it does not work in the long run either, or I should say nothing works in the long run in dice.
I'm not sure about the name of this strategy, but it's been said to give you better wins on streaks :
1) Whenever you lose, keep the same base bet.
2) When you win, raise your bet by an increment higher than the base bet.
Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.
I don't know the name of the above strategy but i can help you name it. The losing strategy just like the martingale the math was done long ago and i am surprised people still try and work the method out and even use it.1) Whenever you lose, keep the same base bet.
2) When you win, raise your bet by an increment higher than the base bet.
Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.
not only martingale is the strategy that will make you loose all the money you have, you should avoid all of them as it will hook you and you will not be able to escape it because of the ideas that you might beat casino
You could not speak the truth more clearly. This is a big part of the casinos profit, gamblers thinking they can beat the house edge with a strategy or method. Before they know it they are addicted and losing everything.
I'm not sure about the name of this strategy, but it's been said to give you better wins on streaks :
1) Whenever you lose, keep the same base bet.
2) When you win, raise your bet by an increment higher than the base bet.
Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.
1) Whenever you lose, keep the same base bet.
2) When you win, raise your bet by an increment higher than the base bet.
Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.
not only martingale is the strategy that will make you loose all the money you have, you should avoid all of them as it will hook you and you will not be able to escape it because of the ideas that you might beat casino
... indeed, with an house edge of 1% and betting 2x, you have 19.33% of chances to encounter an 8 losing streak in your first 100 bets. 1/5, not so hard...
The math behind this is really hard, I struggled a bit to find it out and I definitely can't understand it, but for people who can here's the link:
http://www.askamathematician.com/2010/07/q-whats-the-chance-of-getting-a-run-of-k-successes-in-n-bernoulli-trials-why-use-approximations-when-the-exact-answer-is-known/
And, for lazy people like me, here you can find a calculator:
http://maxgriffin.net/CalcStreaks.shtml
I'm just sharing, because I was asking thiis question myself for a time, and now I found the answer
i must agree with you, i used to use martingale strategy when i just found out about dice gambling websites and i decided to quit it because it always made me lose, just dont use it The math behind this is really hard, I struggled a bit to find it out and I definitely can't understand it, but for people who can here's the link:
http://www.askamathematician.com/2010/07/q-whats-the-chance-of-getting-a-run-of-k-successes-in-n-bernoulli-trials-why-use-approximations-when-the-exact-answer-is-known/
And, for lazy people like me, here you can find a calculator:
http://maxgriffin.net/CalcStreaks.shtml
I'm just sharing, because I was asking thiis question myself for a time, and now I found the answer
Jump to: