Martingale Betting Strategy on BlackJack, how effective it is? - page 2.

Gozie51

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Quote from: TheGreatPython on August 03, 2022, 04:29:53 AM

If you don't have a big capital then you can start with a little as 8 sats per bet as I think lower than that won't trigger the martingale anymore. If you are looking forward on playing to have fun then there is no need to use such strategy as that will only make you bust faster.

It is not to be in doubt that martingale is always for those with high level capital and those ready for risk taking because of their risk taking. Small capital players need to avoid the martingale strategy. You don't double your bet when the first has not been cashed out because you need the capital to continue playing instead lose at a goal.

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Quote from: wxa7115 on August 03, 2022, 03:26:19 PM

The martingale strategy is simply a bad strategy, there is no way around that, even if for example you were one of the few players which were able to play with an advantage at sports bets if you do not have a strong money management strategy then you will eventually lose it all anyway.

Why? Because as we know there are times in which you are simply unlucky and you lose a lot of times on a row, and if you cannot endure those losses with most of your capital intact then it does not matter if your sport bets strategy is great you will never make any profits with it, and martingale is a strategy that forces you to raise your bet when you are losing, which is precisely the moment you should not do this.

I get it, it's bad in the long run and that's why I don't really believe in the only strategy for betting.
Every gambler needs luck to win bets. Skill is only a supporting factor and will not determine victory, so nothing is really good if we only rely on strategy and skill to win bets because luck is the last word that will determine.

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Quote from: STT on August 02, 2022, 06:31:23 PM

Martingale is extremely effective if we describe its propagation as an idea, great stuff but as to furthering profits nearly not so much. Its never convinced me beyond the moments when I first heard of it decades ago sitting in a bar, its simple to describe and pass on as an idea. Its more of a virus then a profit making system, common appeal.

True theoretically, the Martingale method is very effective but this is nullified by the house edge, house bet limit, and series of red streaks. So even with an unlimited bankroll, martingale can't be effectively used because of the house bet limit thus once the succeeding bet hit the betting cap, martingale is automatically nullified.

Quote from: STT on August 02, 2022, 06:31:23 PM

Quote

rooted in the idea that you, in theory, will always win eventually.

But the house must be paid so right from the start there is no default right or reasonable expectation in perpetuity to win. If winning was inevitable perhaps it would be a genius thing.

Lol, the one you quoted is believed to be a gambler's fallacy and has proven to do no good to a player if the player believes in that theory. That quotation plus the martingale method= destruction of a player's bankroll.

Quote from: Fredomago on August 02, 2022, 11:12:15 AM

Luck with good self-control. I mean, if you know how to work with luck, you will be able to maximize your profits. Even you have a huge amount of bankroll there's no guarantee that you will be able to win against the house, remember that there's limitation that house implemented for their advantages, once you hit that particular amount you can't continue doubling or increasing your bet.

Which will add frustrations and aggressiveness inside you. Being out of control will favor the house side, un-control betting will lead you to lose your entire bankroll.

I highly agree, knowing how to work with luck will greatly change the players' gambling outcomes. Good self-control is really needed because greed always shrouded our reasoning and judgement so we need to control the greed.

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Quote from: skarais on July 29, 2022, 05:19:06 AM

OP to be honest I have never applied that strategy to a blackjak game but maybe I can say that the martingale strategy will not be effective in the long term. I wouldn't use that strategy for many occasions but it might be worth a try and get some luck on craps, crashes, or maybe sports betting.

So far I'm not familiar with the martingale strategy, so it's definitely not working for me. But anyway, I think it might be good for some very lucky people if they manage to win on their umpteenth try.

The martingale strategy is simply a bad strategy, there is no way around that, even if for example you were one of the few players which were able to play with an advantage at sports bets if you do not have a strong money management strategy then you will eventually lose it all anyway.

Why? Because as we know there are times in which you are simply unlucky and you lose a lot of times on a row, and if you cannot endure those losses with most of your capital intact then it does not matter if your sport bets strategy is great you will never make any profits with it, and martingale is a strategy that forces you to raise your bet when you are losing, which is precisely the moment you should not do this.

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Quote from: KTChampions on August 02, 2022, 12:20:10 PM

Quote from: Fredomago on August 02, 2022, 11:12:15 AM

Luck with good self-control. I mean, if you know how to work with luck, you will be able to maximize your profits. Even you have a huge amount of bankroll there's no guarantee that you will be able to win against the house, remember that there's limitation that house implemented for their advantages, once you hit that particular amount you can't continue doubling or increasing your bet.

Which will add frustrations and aggressiveness inside you. Being out of control will favor the house side, un-control betting will lead you to lose your entire bankroll.

It sounds like if the player keeps his composure it will save his bankroll Roll Eyes

The sad truth is that it won't help. The player will lose his deposit in any case (if he makes enough bets) and Martingale will only speed up this process, since when using this system, the risk grows exponentially, and the potential gain does not grow at all.

Yeah right, it will just speed it up but maybe some luck and good control will also give a gambler a chance to enjoy a small amount of earnings if he manage to quit while he still in a profitable side, though in most cases, it's really tough to quit when you feel that luck is already on your side. Martingale system will entice you more to keep betting and keep trying to increase your potential winnings, but once the red losing streak starts to flow, your aggressiveness will always be triggered.

I see your point and I don't have any argument since in reality the kind of outcome mostly happened when using this strategy.

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Quote from: Reatim on August 01, 2022, 10:45:53 PM

Am not sure if this is applicable in Black jack but it has been proven that Martingale is only for those who have a Big or huge capital to bet in and small time gamblers wont afford doing it so this is only a limited chances .
and also its not promoted for the majority of gamblers as we knew we are mostly looking for happiness and also for small profit and then go out of the table .

As long as there is no law which restricts about what strategy you can use in a blackjack on a site that you are playing then you are good to go of applying the method. See if it is really working for you or not but I think it will work on the early tries and when you feel that the losses is getting consistent then maybe that is the time stop playing and comeback again the next day or two.

If you don't have a big capital then you can start with a little as 8 sats per bet as I think lower than that won't trigger the martingale anymore. If you are looking forward on playing to have fun then there is no need to use such strategy as that will only make you bust faster.

STT

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Martingale is extremely effective if we describe its propagation as an idea, great stuff but as to furthering profits nearly not so much. Its never convinced me beyond the moments when I first heard of it decades ago sitting in a bar, its simple to describe and pass on as an idea. Its more of a virus then a profit making system, common appeal.
The only good use I can think of is to deploy it as some idea attached to advertising or referral bonus system and then maybe its really going to help you get peoples attention and so float your desired objective of getting more customers.

Quote

rooted in the idea that you, in theory, will always win eventually.

But the house must be paid so right from the start there is no default right or reasonable expectation in perpetuity to win. If winning was inevitable perhaps it would be a genius thing.

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Quote from: Fredomago on August 02, 2022, 11:12:15 AM

Quote from: Bitinity on July 30, 2022, 07:52:46 AM

Quote from: acroman08 on July 30, 2022, 05:27:35 AM

Quote from: Sensetive03 on July 30, 2022, 02:41:38 AM

martingale requires high patience. and no one can do that.. in the end the casino wins again

true, it requires patience but what martingale's strategy really requires is an extremely huge fund, without it, you'll eventually lose. also, aside from that, online casinos and physical casinos have put a maximum bet rule on their games which further makes the martingale strategy useless.

Absolutely, even if we have unlimited fund then we will fail while doing martingale strategy once we get a long lose streak and we reach the max bet/profit in the casino. There is no strategy that guarantee us to win in gambling, the only thing that make a strategy works is a luck regardless what game we are playing.

Luck with good self-control. I mean, if you know how to work with luck, you will be able to maximize your profits. Even if you have a huge amount of bankroll there's no guarantee that you will be able to win against the house, remember that there are limitations that the house implemented for their advantages, once you hit that particular amount you can't continue doubling or increasing your bet.

Which will add frustrations and aggressiveness inside you. Being out of control will favor the house side, un-control betting will lead you to lose your entire bankroll.

You can be lucky in gambling but no matter what strategy you may apply, you'll still end up losing if you don't know how to control your emotions and limit yourself. We can never beat the house so we should know when to hit our target goal and when to stop for a while. You'll only ruin your gambling journey if you won't put limitations and control. Strategies won't work with too much greed.

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Quote from: Fredomago on August 02, 2022, 11:12:15 AM

Luck with good self-control. I mean, if you know how to work with luck, you will be able to maximize your profits. Even you have a huge amount of bankroll there's no guarantee that you will be able to win against the house, remember that there's limitation that house implemented for their advantages, once you hit that particular amount you can't continue doubling or increasing your bet.

Which will add frustrations and aggressiveness inside you. Being out of control will favor the house side, un-control betting will lead you to lose your entire bankroll.

It sounds like if the player keeps his composure it will save his bankroll Roll Eyes

The sad truth is that it won't help. The player will lose his deposit in any case (if he makes enough bets) and Martingale will only speed up this process, since when using this system, the risk grows exponentially, and the potential gain does not grow at all.

Fredomago

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Quote from: Bitinity on July 30, 2022, 07:52:46 AM

Quote from: acroman08 on July 30, 2022, 05:27:35 AM

Quote from: Sensetive03 on July 30, 2022, 02:41:38 AM

martingale requires high patience. and no one can do that.. in the end the casino wins again

true, it requires patience but what martingale's strategy really requires is an extremely huge fund, without it, you'll eventually lose. also, aside from that, online casinos and physical casinos have put a maximum bet rule on their games which further makes the martingale strategy useless.

Absolutely, even if we have unlimited fund then we will fail while doing martingale strategy once we get a long lose streak and we reach the max bet/profit in the casino. There is no strategy that guarantee us to win in gambling, the only thing that make a strategy works is a luck regardless what game we are playing.

Luck with good self-control. I mean, if you know how to work with luck, you will be able to maximize your profits. Even you have a huge amount of bankroll there's no guarantee that you will be able to win against the house, remember that there's limitation that house implemented for their advantages, once you hit that particular amount you can't continue doubling or increasing your bet.

Which will add frustrations and aggressiveness inside you. Being out of control will favor the house side, un-control betting will lead you to lose your entire bankroll.

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Quote from: Bitinity on July 30, 2022, 07:52:46 AM

Quote from: acroman08 on July 30, 2022, 05:27:35 AM

Quote from: Sensetive03 on July 30, 2022, 02:41:38 AM

martingale requires high patience. and no one can do that.. in the end the casino wins again

true, it requires patience but what martingale's strategy really requires is an extremely huge fund, without it, you'll eventually lose. also, aside from that, online casinos and physical casinos have put a maximum bet rule on their games which further makes the martingale strategy useless.

Absolutely, even if we have unlimited fund then we will fail while doing martingale strategy once we get a long lose streak and we reach the max bet/profit in the casino. There is no strategy that guarantee us to win in gambling, the only thing that make a strategy works is a luck regardless what game we are playing.

As long as there's a house edge, it's hard to win if we are looking for consistency, but if we are lucky, we have to make sure we go all in so we can have a bigger profit. Winning does not happen most of the time in gambling, we are just gamblers, we are not in the position to make money, we spend and casinos are the ones making money, that's very simple.

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Am not sure if this is applicable in Black jack but it has been proven that Martingale is only for those who have a Big or huge capital to bet in and small time gamblers wont afford doing it so this is only a limited chances .
and also its not promoted for the majority of gamblers as we knew we are mostly looking for happiness and also for small profit and then go out of the table .

Quote from: acroman08 on July 30, 2022, 05:27:35 AM

Quote from: Sensetive03 on July 30, 2022, 02:41:38 AM

martingale requires high patience. and no one can do that.. in the end the casino wins again

true, it requires patience but what martingale's strategy really requires is an extremely huge fund, without it, you'll eventually lose. also, aside from that, online casinos and physical casinos have put a maximum bet rule on their games which further makes the martingale strategy useless.

Yes, because even if you can be patiently waiting for your win yet you already lose the amount for doubling your bet then this strategy will be over .

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Quote from: acroman08 on July 30, 2022, 05:27:35 AM

Quote from: Sensetive03 on July 30, 2022, 02:41:38 AM

martingale requires high patience. and no one can do that.. in the end the casino wins again

true, it requires patience but what martingale's strategy really requires is an extremely huge fund, without it, you'll eventually lose. also, aside from that, online casinos and physical casinos have put a maximum bet rule on their games which further makes the martingale strategy useless.

Absolutely, even if we have unlimited fund then we will fail while doing martingale strategy once we get a long lose streak and we reach the max bet/profit in the casino. There is no strategy that guarantee us to win in gambling, the only thing that make a strategy works is a luck regardless what game we are playing.

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Quote from: acroman08 on July 30, 2022, 05:27:35 AM

Quote from: Sensetive03 on July 30, 2022, 02:41:38 AM

martingale requires high patience. and no one can do that.. in the end the casino wins again

true, it requires patience but what martingale's strategy really requires is an extremely huge fund, without it, you'll eventually lose. also, aside from that, online casinos and physical casinos have put a maximum bet rule on their games which further makes the martingale strategy useless.

You need huge funds if you aim to win because for this you can extend your time and make things right when you are in losing side, but actually if you just want to have fun you can use small amount of money and bet minimum amount for sure you will enjoy the game for sure many players do this.

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Quote from: Sensetive03 on July 30, 2022, 02:41:38 AM

martingale requires high patience. and no one can do that.. in the end the casino wins again

true, it requires patience but what martingale's strategy really requires is an extremely huge fund, without it, you'll eventually lose. also, aside from that, online casinos and physical casinos have put a maximum bet rule on their games which further makes the martingale strategy useless.

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Quote from: adzino on July 30, 2022, 12:41:04 AM

Yeah, I doubt that "strategy" would work. All casino has an house edge, for which in the long run you will be losing your money to the house no matter what strategy you use. Blackjack does depend on some skill, but most of them are based on luck. You might be luck on first few rounds using the martingale strategy, but keep gambling using the same strategy, you will end up with having almost nothing left with you. The best and most effective strategy is to quit when you are winning or if you have lost a lot.

the problem of working or not I think depends on luck too. using a progressive strategy like martingale is actually quite effective in black jack games (with a note of being lucky).

the real problem is self-limitation, sometimes we don't really know when is the right time to stop playing, especially when we are getting consecutive wins, yes this is a common problem regardless of the betting system someone uses when gambling. or even the opposite, we can run out of money before winning.

and some of the fact that houses usually have a minimum bet limit that we might reach if we really have an unfavorable loss and I think it's hard to say to be able to recover all losses.

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The martingale strategy in blackjack does not allow you to beat the casino if you play often.

Yes, if you only play one game, you will most likely win it. But most likely you will want to play a few games. And that will lead you to failure. There are no guaranteed winning strategies in gambling based on luck.

Martingale is a good strategy for players who do not like to lose very often, but like to lose rarely, but large sums of money. Such people can use the martingale strategy.

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Quote from: wxa7115 on July 27, 2022, 04:24:39 AM

Martingale has many flaws but one of the most obvious is the max bet allowed by the casinos<...>

That's not the most obvious flaw. The most obvious one is to think that continuing to double the bet in order to recover the initial bet is a good strategy for anything at all.
Betting $1, then $2, then $4, $8, $16, $32 etc to win $1 net is pretty dickheaded.

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martingale requires high patience. and no one can do that.. in the end the casino wins again

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Quote from: adzino on July 30, 2022, 12:41:04 AM

Yeah, I doubt that "strategy" would work. All casino has an house edge, for which in the long run you will be losing your money to the house no matter what strategy you use. Blackjack does depend on some skill, but most of them are based on luck. You might be luck on first few rounds using the martingale strategy, but keep gambling using the same strategy, you will end up with having almost nothing left with you. The best and most effective strategy is to quit when you are winning or if you have lost a lot.

Martingale is a valid strategy when it comes to gambling, it's not a guaranteed win but it helps to recover all previous losses with winning one game. In Blackjack the most basic strategy has a winning chances of around 42%, with more advanced strategies this can be increased to 45% and higher. But even the best strategy will remain below 50%, only card counting is a valid strategy that will bring our winning chances to above 50% consistently. So the more Blackjack we play the closer our results will be to the average numbers. With that in mind we can run a martingale strategy on top of any advanced Blackjack strategy. The drawbacks of martingale strategies are they require a lot of time to make a decent profit, because of fairly small bet sizes and you need a large bankroll to cover a losing streak. As long as we can avoid a losing streak that is so long that it wipes us out we will be fine. The important thing is to not look at martingale as a strategy that will work 100%, there can be outlier and tail events that will be very costly.

Topic: Martingale Betting Strategy on BlackJack, how effective it is? - page 2. (Read 1021 times)