Make money with martingale applied to dice game ? - page 2.

TheUltraElite

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Quote from: Batman_Bitman on December 01, 2018, 04:53:35 AM

That seems like an unreasonable risk to be taking, thinking you will have a huge chance in the long run. At the end of the day, you will still end up on the wrong side of gambling which is loss.

Mathematically it is possible to win a huge amount if and only if you have a huge bankroll, actually infinite bankroll and the maximum bet payout from the house is also infinite. Both of these in real life and impossible and ideal situations that wont exist. So even if you try to run it anyway you want after some greens reds will follow.

Its not important to run a strategy and in fact there is no guaranteed winning method in games of chance, rather its important to manage your bankroll properly.

livingfree

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Quote from: iMark on November 26, 2018, 04:38:12 AM

Yeah losing strikes 20 times in a row maybe it really won't happen in dice,

It happens,I've seen rare post of it before that shared his disappointment in dice. I barely remember if its on this forum or from another.

Quote from: iMark on November 26, 2018, 04:38:12 AM

but who is the person who wants to risk big money to use that method? because the risk is very close to you if you use that method? you can just lose all your money in a short time with this method?

There are this type of person that are willing to go on risk with big money and these people doesn't have anything to do with their money so they are all in for this strategy. But for average gamblers, we won't use this strategy anymore.

Oilacris

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Quote from: Betwrong on November 28, 2018, 10:44:40 AM

Quote from: izanagi narukami on November 28, 2018, 09:28:30 AM

Quote from: Oilacris on November 27, 2018, 12:02:48 PM

Martingale isn't a great strategy but rather a very common way on how to play on automation which most player do make use and it doesn't really matter on how big your bankroll is
since the results or outcome would really be just still the same as long you are fighting with House edge then losing money is inevitable unless if you are lucky to win and able to get out
to secure those funds.

It's useful when you want to make quick profit in short term.
Like I'm ever did few months ago, I'm using 0.01 and earn 100.000 sat in 5 min and I stop gamble to prevent loss in long term. I know it's small amount but believe me, 10% already more than enough for me especially when you're daily gambler

I agree that increasing your bankroll by 10% is very likely with martingale, but we shouldn't forget that it is as likely as with almost any other betting strategy. For example, you could bet your 0.01 at once with 90% win chance and win 100k sats in one second. Or you could make 10 bets with 99% win chance and obtain the same result within 10 seconds.

As long as it takes for you 5 min I presume you are using martingale on autobet with 50% win chance and 100 sats as initial bet. It would take only 12-13 reds in a row to lose all your balance. Odds of losing 13 bets in a row at 49.5% win chance are once every 7198 bets, or, in other words, with a probability of 10%(the probability of losing all your balance at once in my first example) you can hit the losing streak within 720 bets, and to earn 100k sats you'd need to make at least 1,500 bets.

I don't think so with these calculations are precise ones yet in all of my experiences on using martingale those probability wont really able to hit up anytime specially
you do talk some number of bets which I didn't able to hit those bets but I do still able to hit that losing streak no matter what.This proves out that
theres no assurance if you do wait up for those number of bets.

Janation

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Quote from: hahay on November 28, 2018, 02:46:56 PM

Quote from: panjul07 on November 28, 2018, 01:46:34 PM

Quote from: Indamuck on November 28, 2018, 12:33:02 PM

If there was any method that always made a guaranteed profit casinos would go out of business and there would be no where to gamble. It just comes down to luck and there will always be winners and losers. Don't try to over think it because the house will always have the advantage, you may be able to increase your odds a bit but it will never be in your favor.

Absolutely, but too bad there are still many people believe that there is a strategy to win in a luck based game gambling. It is probably because they are new gamblers who start gamble because they watch some videos of winning strategy or article about such strategy. In fact what they watch and read, usually aimed to get referrals. That's why many people shares a story when they are winning while using a strategy but obviously they wont share when they are losing money.

Right, if there is a kind of strategy that will always win you, it will probably make everyone continue to gamble with the same strategy. Lol! the one that makes you win in gambling is pure luck, while a strategy is only a plus for those who have experience.

I agree on that.

If there is something that will make a lot of gamblers win a lot of money in gambling, there will no gambling sites nor casinos that will continue to function since they will just always lose in that kind of business. In reality, a lot of people want to open their gambling places since a lot of people are wanting to earn money out of it but it is really hard. It is usually the owner that win more than those who wishes and gamble to win. Martingale is a great strategy but don't get me wrong, 100% lose streak is also a possibility and you will not know when will this hit you.

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Quote from: coolcoinz on November 26, 2018, 01:36:17 PM

Quote from: Superfrankyyy on November 16, 2018, 09:36:56 AM

Hello, I know martingale is useless for long term for dice game but if you have a big bank and can support 1 serie of 20 loose, you will always win no ,?
The world record for the roulette is one serie of 26 red , it will never happen again,the odd are just very low
So if we do martingale with a bank that can support 20-25 loose, we will definitly make money.

Fine, but how long will it take. Say, you have a bankroll for 25 losses, your starting bet will have to be very low compared to the bankroll. If you play with a bet of 1 dollar 11 losses will make you bet 2k USD, then 4k, then 8k, and we aren't even half way. Now if you finally win betting 16k(?) all you've managed to do is zero your wins and losses. You've spent some time playing, risked more than 20k USD to win 1$, but you've failed and still have 0. That's a hell of a plan!

So many people usually do not always understand that and they think with some strategy, you can simply just keep beating the house edge to it. It is plain simple; martingale exposes you to more chances of losing than winning. Let's say for instance you are starting with a base of 1, you keep doubling it up on every loss, and at the end of the day, all the losses put together will only end up giving you just 1 satoshi. That seems like an unreasonable risk to be taking, thinking you will have a huge chance in the long run. At the end of the day, you will still end up on the wrong side of gambling which is loss.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Oilacris on November 27, 2018, 12:02:48 PM

Martingale isn't a great strategy but rather a very common way on how to play on automation which most player do make use and it doesn't really matter on how big your bankroll is since the results or outcome would really be just still the same as long you are fighting with House edge then losing money is inevitable unless if you are lucky to win and able to get out to secure those funds.

You are correct because people who want to try their hands in gambling attempt to google search something like best gambling strategies and the first site that opens has a referral link to the biggest bitcoins casinos out there and a proper description of most probably MartinFail and some others. Fueled by the false idea that gambling can make them rich within seconds and getting such a "strategy" they start to roll their dice.

What they fail to realize is bankroll management and it soon ends with the same balance they started with before depositing.

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Quote from: panjul07 on November 28, 2018, 01:46:34 PM

Quote from: Indamuck on November 28, 2018, 12:33:02 PM

If there was any method that always made a guaranteed profit casinos would go out of business and there would be no where to gamble. It just comes down to luck and there will always be winners and losers. Don't try to over think it because the house will always have the advantage, you may be able to increase your odds a bit but it will never be in your favor.

Absolutely, but too bad there are still many people believe that there is a strategy to win in a luck based game gambling. It is probably because they are new gamblers who start gamble because they watch some videos of winning strategy or article about such strategy. In fact what they watch and read, usually aimed to get referrals. That's why many people shares a story when they are winning while using a strategy but obviously they wont share when they are losing money.

Right, if there is a kind of strategy that will always win you, it will probably make everyone continue to gamble with the same strategy. Lol! the one that makes you win in gambling is pure luck, while a strategy is only a plus for those who have experience.

panjul07

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Quote from: Indamuck on November 28, 2018, 12:33:02 PM

If there was any method that always made a guaranteed profit casinos would go out of business and there would be no where to gamble. It just comes down to luck and there will always be winners and losers. Don't try to over think it because the house will always have the advantage, you may be able to increase your odds a bit but it will never be in your favor.

Absolutely, but too bad there are still many people believe that there is a strategy to win in a luck based game gambling. It is probably because they are new gamblers who start gamble because they watch some videos of winning strategy or article about such strategy. In fact what they watch and read, usually aimed to get referrals. That's why many people shares a story when they are winning while using a strategy but obviously they wont share when they are losing money.

shield132

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Quote from: Superfrankyyy on November 16, 2018, 09:36:56 AM

Hello, I know martingale is useless for long term for dice game but if you have a big bank and can support 1 serie of 20 loose, you will always win no ,?
The world record for the roulette is one serie of 26 red , it will never happen again,the odd are just very low
So if we do martingale with a bank that can support 20-25 loose, we will definitly make money

Yes OP, you'll definitely make money and casino will go bankrupt, somehow that doesn't happen despite the fact that a lot of people had that idea if not even better, you aren't the only one in this universe who came with that "excelent" idea. If you want profit from casino, then you are in a very wrong way. Only casino owners can profit. If you want to gamble, then just do it for fun, not for profit.

Indamuck

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If there was any method that always made a guaranteed profit casinos would go out of business and there would be no where to gamble. It just comes down to luck and there will always be winners and losers. Don't try to over think it because the house will always have the advantage, you may be able to increase your odds a bit but it will never be in your favor.

Betwrong

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Quote from: izanagi narukami on November 28, 2018, 09:28:30 AM

Quote from: Oilacris on November 27, 2018, 12:02:48 PM

Martingale isn't a great strategy but rather a very common way on how to play on automation which most player do make use and it doesn't really matter on how big your bankroll is
since the results or outcome would really be just still the same as long you are fighting with House edge then losing money is inevitable unless if you are lucky to win and able to get out
to secure those funds.

It's useful when you want to make quick profit in short term.
Like I'm ever did few months ago, I'm using 0.01 and earn 100.000 sat in 5 min and I stop gamble to prevent loss in long term. I know it's small amount but believe me, 10% already more than enough for me especially when you're daily gambler

I agree that increasing your bankroll by 10% is very likely with martingale, but we shouldn't forget that it is as likely as with almost any other betting strategy. For example, you could bet your 0.01 at once with 90% win chance and win 100k sats in one second. Or you could make 10 bets with 99% win chance and obtain the same result within 10 seconds.

As long as it takes for you 5 min I presume you are using martingale on autobet with 50% win chance and 100 sats as initial bet. It would take only 12-13 reds in a row to lose all your balance. Odds of losing 13 bets in a row at 49.5% win chance are once every 7198 bets, or, in other words, with a probability of 10%(the probability of losing all your balance at once in my first example) you can hit the losing streak within 720 bets, and to earn 100k sats you'd need to make at least 1,500 bets.

izanagi narukami

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Quote from: Oilacris on November 27, 2018, 12:02:48 PM

Martingale isn't a great strategy but rather a very common way on how to play on automation which most player do make use and it doesn't really matter on how big your bankroll is
since the results or outcome would really be just still the same as long you are fighting with House edge then losing money is inevitable unless if you are lucky to win and able to get out
to secure those funds.

It's useful when you want to make quick profit in short term.
Like I'm ever did few months ago, I'm using 0.01 and earn 100.000 sat in 5 min and I stop gamble to prevent loss in long term. I know it's small amount but believe me, 10% already more than enough for me especially when you're daily gambler

el kaka22

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Quote from: Shinpako09 on November 26, 2018, 05:13:19 PM

even 1satoshi base bet, you're going to lose at the end. When I was new in dice, many are using martingale even HR but nowadays it's rare to see someone using martingale especially HR. We know how deadly that martingale is. No one would risk, let's say 5-10btc for 1satoshi.

There is no two ways about it; there is no amount of strategy that will ever give anyone an edge when it comes to gambling.
As long as it is gambling, there is nothing you can do that will give you any huge reward from it except to face reality and know that there is absolutely no way you can use martingale forever without ending up screwed at some point in the long run.

Making an effort by all means to win in gambling is one of the reasons why a lot of people tend to make horrific mistake of exposing themselves to huge loss and high level of addiction in gambling and that is one thing that needs to be carefully considered.

Oilacris

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Quote from: Janation on November 27, 2018, 04:41:44 AM

Quote from: iMark on November 26, 2018, 04:38:12 AM

Quote from: gabmen on November 18, 2018, 09:29:59 AM

Well i don't think there are a lot of streaks that go 20 rolls, whether it's a win or not. If you have enough money to play for 20 losses, and that would be a considerably big amount, you have higher chances than most dice players.

Yeah losing strikes 20 times in a row maybe it really won't happen in dice, but who is the person who wants to risk big money to use that method? because the risk is very close to you if you use that method? you can just lose all your money in a short time with this method?

It is not a bad idea but I don't think it will ensure you a good profit as we know how martingale quickly erase your money.

Martingale is a great strategy, a lot of gambler won a lot of money using the same strategy. The only problem with this strategy is that it needs a lot of money to be gambled with as you bet and lose, you will be doubling the amount of your bet in which let's say you are gambling and using a BTC. You are in a losing streak with 20 bets and you are gamble starting with .01, just imagine how much you are betting now with that losing streak.

Martingale isn't a great strategy but rather a very common way on how to play on automation which most player do make use and it doesn't really matter on how big your bankroll is
since the results or outcome would really be just still the same as long you are fighting with House edge then losing money is inevitable unless if you are lucky to win and able to get out
to secure those funds.

Janation

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Quote from: iMark on November 26, 2018, 04:38:12 AM

Quote from: gabmen on November 18, 2018, 09:29:59 AM

Well i don't think there are a lot of streaks that go 20 rolls, whether it's a win or not. If you have enough money to play for 20 losses, and that would be a considerably big amount, you have higher chances than most dice players.

Yeah losing strikes 20 times in a row maybe it really won't happen in dice, but who is the person who wants to risk big money to use that method? because the risk is very close to you if you use that method? you can just lose all your money in a short time with this method?

It is not a bad idea but I don't think it will ensure you a good profit as we know how martingale quickly erase your money.

Martingale is a great strategy, a lot of gambler won a lot of money using the same strategy. The only problem with this strategy is that it needs a lot of money to be gambled with as you bet and lose, you will be doubling the amount of your bet in which let's say you are gambling and using a BTC. You are in a losing streak with 20 bets and you are gamble starting with .01, just imagine how much you are betting now with that losing streak.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: iMark on November 26, 2018, 04:38:12 AM

Yeah losing strikes 20 times in a row maybe it really won't happen in dice, but who is the person who wants to risk big money to use that method?

It can and will happen eventually. Anything is possible in an game of chance and you will lose your money if you play for the long term. Since in the long term all the probable odds are going to appear considering the rolls are totally random, this is very much possible.

Quote

because the risk is very close to you if you use that method?

Risk is there in every method. Lower the risk and you will lower the reward as well. Its all a risk vs reward scheme in every luck based game. Grin

Quote

you can just lose all your money in a short time with this method?

You can even lose your money in a single roll is you are not lucky enough. We have seen people rolls 25bitcoins and lose it in the first and then they never came back. Embarrassed

maydna

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Quote from: emberbekas on November 26, 2018, 12:35:20 AM

Quote from: maydna on November 26, 2018, 12:02:15 AM

Quote from: yugyug on November 25, 2018, 06:44:35 PM

This strategy will not work most of the time, a 20-25 loss betting is still keep you getting loose ad it is very risky to applied this method since most online dice casino has limitation on betting. Huge bankroll does not guarantee to have profit of this strategy.

Yes, unless that person has a big luck in the dice game. I am sure that in every gambling game, we can win the game if we have the best luck and I think we don't have to use any strategy to win the game because of we have a luck inside us. But maybe that person can win the game and I hope that he has a luck too. For me, to play the dice game, I don't need any strategy to win because my chance to win is not too big and I think I only get lost so it's better to enjoy the game only.

Luck won't come everytime. So even though a person has the luck while playing dice but if he is greed enough, don't want to stop while ahead, for sure the bad luck can occur and ruinned his balance. Luck itself won't help. The ability to control emotions/greed must be there as complementary.

Yes, there are many other things that we need to know when we were playing gambling. The greediness will come too besides the luck and always tempting us to continue the games and say that we can win in the next round. And if we are tempted then we will continue and finally, we cannot win the game but we are losing much money. Perhaps, martingale can gives winning to the person but he still needs to have luck because gambling does not depend on the strategy only.

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Quote from: coolcoinz on November 26, 2018, 01:36:17 PM

Quote from: Superfrankyyy on November 16, 2018, 09:36:56 AM

Hello, I know martingale is useless for long term for dice game but if you have a big bank and can support 1 serie of 20 loose, you will always win no ,?
The world record for the roulette is one serie of 26 red , it will never happen again,the odd are just very low
So if we do martingale with a bank that can support 20-25 loose, we will definitly make money.

Fine, but how long will it take. Say, you have a bankroll for 25 losses, your starting bet will have to be very low compared to the bankroll. If you play with a bet of 1 dollar 11 losses will make you bet 2k USD, then 4k, then 8k, and we aren't even half way. Now if you finally win betting 16k(?) all you've managed to do is zero your wins and losses. You've spent some time playing, risked more than 20k USD to win 1$, but you've failed and still have 0. That's a hell of a plan!

Agreed, even 1satoshi base bet, you're going to lose at the end. When I was new in dice, many are using martingale even HR but nowadays it's rare to see someone using martingale especially HR. We know how deadly that martingale is. No one would risk, let's say 5-10btc for 1satoshi.

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Quote from: Superfrankyyy on November 16, 2018, 09:36:56 AM

Hello, I know martingale is useless for long term for dice game but if you have a big bank and can support 1 serie of 20 loose, you will always win no ,?
The world record for the roulette is one serie of 26 red , it will never happen again,the odd are just very low
So if we do martingale with a bank that can support 20-25 loose, we will definitly make money.

Fine, but how long will it take. Say, you have a bankroll for 25 losses, your starting bet will have to be very low compared to the bankroll. If you play with a bet of 1 dollar 11 losses will make you bet 2k USD, then 4k, then 8k, and we aren't even half way. Now if you finally win betting 16k(?) all you've managed to do is zero your wins and losses. You've spent some time playing, risked more than 20k USD to win 1$, but you've failed and still have 0. That's a hell of a plan!

Betwrong

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Quote from: Superfrankyyy on November 16, 2018, 09:36:56 AM

Hello, I know martingale is useless for long term for dice game but if you have a big bank and can support 1 serie of 20 loose, you will always win no ,?
The world record for the roulette is one serie of 26 red , it will never happen again,the odd are just very low
So if we do martingale with a bank that can support 20-25 loose, we will definitly make money

Not definitely but most likely. But do you know what money you are talking about, and how much you would have to risk while making the "money"? Well, I can present you with a rough estimation. By using AUTO bet you can make around 10,000 satoshis per hour with this method while risking to lose 0.33 BTC in 10 seconds. Now tell me is it worth it? If it is still not clear, I can give you more details. Playing 10 hours per day you'll be making 100k sats per day, so you'll need almost a year to make 0.33 BTC, but during that period of time you will most likely hit 26 reds in a row.

Topic: Make money with martingale applied to dice game ? - page 2. (Read 913 times)