Topic: Martingale Betting Strategy on BlackJack, how effective it is? - page 6. (Read 1021 times)
I don't know how to play blackjack so I can't say if this article is right or not. but speaking of sports betting this martingale strategy does not work in sports betting, at least in my opinion. for example in sports betting games with odds of @1.50 are good, because in a way the bookmakers are already favoring the team with odds of @1.50, but from a profitable point of view in the long term these odds do not pay off and if if we add martingale to this equation then the person will be bankrupt in a few days. I just gave a small example that martingale is dangerous in sports betting, I don't know if blackjack works or not. I can't say that because I don't play blackjack, but I can say with conviction that using martingale in sports betting is a ruin
As long as you keep winning it's no problem. But you have to keep in mind that there are sites that work with a certain limit on their casino. And if, for example, you can only bet $ 500, then you can no longer double from 1,2,4,8,16,32,64,128,512. So you would already be stuck there. You could also use a martingale principle at a basketball game or football game with more or less than that many goals scored. But you can also lose 10 times in a row and then what?
I've seen a lot of people on YouTube at brick and mortar casinos be able to stream for 10 hours+ and still end up withdrawing $7-9k in chips with an initial $10k down on the table (often playing with 2 or 3 hands too).
Pretty sure that they wont be playing all BJ for 10+ hours of stream but yeah it varies though. Most streamers tend to play on BJ because the main point on streaming is to prolong the stream thus getting more revenue from the stream therefore playing on a game with low house edge tend to be the best strategy for them and also viewers love it
A total of $10230 loss ! You would risk such a sum to really win what amount? The initial 10 dollars?
Eactly, every martingale is just pure stupidity though
it can be a devastating strategy.
it is not unusual to get long "trails" of unfavorable hands.
Imagine you take 10 consecutive losing hands. Starting at $ 10, the first hand will get you:
-10
-20
-40
it is not unusual to get long "trails" of unfavorable hands.
Imagine you take 10 consecutive losing hands. Starting at $ 10, the first hand will get you:
-10
-20
-40
Yup this is definitely one of the worst strategies to do martingale (even though all will eventually cause a large loss some ideas like resetting every 8 bets greatly increases the time it takes for you to lose your entire bankroll).
The safest way to play blackjack seems to be by using the same size bet each time - I've seen a lot of people on YouTube at brick and mortar casinos be able to stream for 10 hours+ and still end up withdrawing $7-9k in chips with an initial $10k down on the table (often playing with 2 or 3 hands too).
If the Martingale strategy worked, the big players would constantly beat the casino, but it does not happen because the casino limits the maximum bet. In addition, you should understand that each successive bet has nothing to do with the previous one, so it may happen that a row of very many losses. Just enough so that you run out of money. At least it happened to me just like that. So don't count on this strategy to lead you to winnings.
Martingale is not a winning strategy at any casino, and casinos are not that stupid. Any player who thinks they can win this way will lose their money in no time.no accurate strategy can beat the casino, and if there is one. As you said, there will be a lot of people using that strategy or any strategy that will put the casino out of business.
if anything, it's probably down to luck or really getting the hang of it and doesn't mean never losing.
In the end of it, it all boils down to bankroll. for it to work, you would need an incredible amount of bankroll so you wouldn't run out of money while you are on a losing streak. and if you are a high roller you should hope that you wouldn't hit the maximum bet limit(which almost all casinos may it be online or not have) while you are on a losing streak since you'd have no choice but to either keep betting on their maximum bet until you win a round, start the strategy again or completely abandon the strategy.
it can be a devastating strategy.
it is not unusual to get long "trails" of unfavorable hands.
Imagine you take 10 consecutive losing hands. Starting at $ 10, the first hand will get you:
-10
-20
-40
-80
-160
-320
-640
-1280
-2560
-5120
A total of $10230 loss ! You would risk such a sum to really win what amount? The initial 10 dollars?
In practice you would always play to make up for a previous disadvantage and never to "increase" your real win.
it seems to me a destructive game mode ...
it is not unusual to get long "trails" of unfavorable hands.
Imagine you take 10 consecutive losing hands. Starting at $ 10, the first hand will get you:
-10
-20
-40
-80
-160
-320
-640
-1280
-2560
-5120
A total of $10230 loss ! You would risk such a sum to really win what amount? The initial 10 dollars?
In practice you would always play to make up for a previous disadvantage and never to "increase" your real win.
it seems to me a destructive game mode ...
If the Martingale strategy worked, the big players would constantly beat the casino, but it does not happen because the casino limits the maximum bet. In addition, you should understand that each successive bet has nothing to do with the previous one, so it may happen that a row of very many losses. Just enough so that you run out of money. At least it happened to me just like that. So don't count on this strategy to lead you to winnings.
a good example is if we roll the dice in roulette 100 times based on the law of probability it is impossible to fall 100 times red or 100 times black on a physical casino
No it isn't. It is unlikely, yes, but it isn't impossible by any means.so out of 100 bets we should be able to win one in order to get back all the money plus the initial small bet winnings.
If you double your bet every time you lose you do with Martingale, even if your first bet was only a single satoshi, then you can only make 50 losing bets before you breach the 21 million coin limit of all the bitcoin in existence. And even if you win a bet, your maximum winnings is still only ever going to be a single satoshi.Martingale only makes sense if you have infinite money. Since nobody does, you will lose everything if you run it for long enough.
Martingale as a betting strategy in the core should work.What I mean by that is that if we have a huge balance and start from the lowest possible bet and keep increasing the bet after each loss then one time we will win,a good example is if we roll the dice in roulette 100 times based on the law of probability it is impossible to fall 100 times red or 100 times black on a physical casino so out of 100 bets we should be able to win one in order to get back all the money plus the initial small bet winnings.This works in an ideal world where betting limits are not in place but unfortunately they are both in online casinos and offline casinos.The same is in place for Blackjack.
Starting with just $0.10 if possible or with altcoin like TRX and it might just save the gambler from big loss. Probably for dice, blackjack has higher minimum bet so a gambler is set to lose big. $1000 is not enough balance to play this strategy but you win when you stop after luck favors you. Not a recommended strategy nor this game.
Martingale as a betting strategy in the core should work.What I mean by that is that if we have a huge balance and start from the lowest possible bet and keep increasing the bet after each loss then one time we will win,a good example is if we roll the dice in roulette 100 times based on the law of probability it is impossible to fall 100 times red or 100 times black on a physical casino so out of 100 bets we should be able to win one in order to get back all the money plus the initial small bet winnings.This works in an ideal world where betting limits are not in place but unfortunately they are both in online casinos and offline casinos.The same is in place for Blackjack.
there is no strategy that really works in gambling especially playing blackjack, whatever the formula, or the strategy if someone plays for unlimited time and bets with the house, then I make sure you will lose a lot of money. Actually there is nothing wrong with the Martingale strategy, it's just that one has to limit betting and stop when enough regardless of losing or winning. The most influential factor in gambling is luck nothing else.
I am still hesitant about this betting strategy but my rationality thinks it is possible, at least martingale on blackjack is way better than martingale on any luck/chance-based games. How about you what is your thought on Martingale betting strategy used on blackjack? Is it effective for this type of game?
If it's possible then give it a try but of course, it should be your own choice to try it, so far it's being frowned upon by the community, it's hard to prove that martingale has a good winning ratio on any game of chance or even skill, we have to take gambling as it is, have some fun be entertained don't force your way to win, gambling should be fun so when you got up you feel relaxed and not stress because of the money you lose.
Before anything else, I would like to define Blackjack as a game of skill or skill-based gambling game. Means we have more grasp on winnings the more skilled we are in this game. With this I happen to read an article Titled: The Three Best Blackjack Betting Strategies. I was somehow surprised when I see that Martingale betting strategy is one of the best betting strategies for Blackjack, I was kinda hesitant to believe it until I realized that BlackJack isn't a game of chance so it is sensible that Martingale Betting will give a better percentage in winning a gambling session. Here is what the article explains about this strategy.
I am still hesitant about this betting strategy but my rationality thinks it is possible, at least martingale on blackjack is way better than martingale on any luck/chance-based games. How about you what is your thought on Martingale betting strategy used on blackjack? Is it effective for this type of game?
[1] https://kiowacasino.com/the-three-best-blackjack-betting-strategies/other references:
https://upswingpoker.com/the-best-blackjack-betting-strategy-basic-explanation/
https://www.casinoreports.ca/blackjack/best-blackjack-systems/
Quote
Martingale Betting Strategy
The Martingale System is a negative-progression blackjack strategy rooted in the idea that you, in theory, will always win eventually. In this strategy, each time you lose, you double your bet. And before you leave us here, hang on. Successful play of this riskier strategy could pay off big.
Here’s how it works. Say you started with a $5 bet and lost. You would then bet $10 on your next hand — and $20 on the next if you lost again. Eventually, after progressively making higher wagers, you are more likely to win, leaving you with a much higher payout than if you had bet a consistent amount.
Caution: this approach is best reserved for high rollers though. In blackjack, it’s not uncommon to have a losing streak of ten or more hands in a row. Without a large bankroll, continually doubling your bet to that degree could leave you with a wounded wallet.
The Martingale System is a negative-progression blackjack strategy rooted in the idea that you, in theory, will always win eventually. In this strategy, each time you lose, you double your bet. And before you leave us here, hang on. Successful play of this riskier strategy could pay off big.
Here’s how it works. Say you started with a $5 bet and lost. You would then bet $10 on your next hand — and $20 on the next if you lost again. Eventually, after progressively making higher wagers, you are more likely to win, leaving you with a much higher payout than if you had bet a consistent amount.
Caution: this approach is best reserved for high rollers though. In blackjack, it’s not uncommon to have a losing streak of ten or more hands in a row. Without a large bankroll, continually doubling your bet to that degree could leave you with a wounded wallet.
I am still hesitant about this betting strategy but my rationality thinks it is possible, at least martingale on blackjack is way better than martingale on any luck/chance-based games. How about you what is your thought on Martingale betting strategy used on blackjack? Is it effective for this type of game?
[1] https://kiowacasino.com/the-three-best-blackjack-betting-strategies/other references:
https://upswingpoker.com/the-best-blackjack-betting-strategy-basic-explanation/
https://www.casinoreports.ca/blackjack/best-blackjack-systems/
I don't think that Martingale would be good as betting strategy, because you need a fat wallet to sustain it. Anyway, Blackjack is also a game of strategy and patience, so, I don't think that this kind of strategy would be
cool with that kind of game (You've also to consider that I'm not a lover of martingale because there are many risk of loss).
Depending on the gambler, if he is good at blackjack games then he can easily use any strategy including Martingale, Blackjack is not a difficult game but also not easy even though this game only focuses on dealer cards. I mean when going to hit but previous you must predict a closed dealer card, Increasing the bet when you lose is also not bad, it's even better to get a card that can be split.
I've used martingale strategy in bj for many years, i had some success with it for some time but also had some major losses as loosing 8 to 12 hands in a row tends to happen quite a bit especially during daily long sessions, that would usually put a big dent on my bankroll.
True, everything is still based on luck, although others may argue that Black Jack is more of a skill base or at least if you have skills like card counting but still not guarantee that you can win specially if you have like 8 or more hands that you lost already. Also depends on the bank roll itself, obviously. So there's no perfect strategy as others say, really depends on how you are going to manage your bankroll. If you win base don this system then good, but it's not going to be like this always, sooner or later the house edge will caught up on you.
I've used martingale strategy in bj for many years, i had some success with it for some time but also had some major losses as loosing 8 to 12 hands in a row tends to happen quite a bit especially during daily long sessions, that would usually put a big dent on my bankroll.
To be honest, the martingale strategy really sucks when you are playing a luck based game.
The amount of losses considering the house edge will eat up all your balance in your account.
But since you mentioned that you are playing black jack which involve skills then it also depends on how good you are at the game.
If you think you are pretty good at the game then you can try your luck with this strategy.
I would recommend to go for it but with smaller amounts and gradually increase your base bets after a few consecutive wins.
The amount of losses considering the house edge will eat up all your balance in your account.
But since you mentioned that you are playing black jack which involve skills then it also depends on how good you are at the game.
If you think you are pretty good at the game then you can try your luck with this strategy.
I would recommend to go for it but with smaller amounts and gradually increase your base bets after a few consecutive wins.
Of course, lately I also often see articles and hear about martingale, this system is used by gambling bettors in blackjack or roulette games.
I once asked my friends, how does the Martingale system actually work, or how to do it, they also don't know for sure the Martingale system, he has also just heard of systems like the Martingale being effective in blackjack betting.
But to prove and dispel my curiosity about the Martingale system, I tried to find several sources, finally I got as below.
• The Martingale Myth: Does This Betting System Really Work?
Of course, I can conclude, if the Martingale system is in fact what I quoted, it means that the risk is greater and what many people say does not fully work the Martingale system, contrary to what we have heard so far.
I might stick to my strategy as usual, if I'm playing blackjack and roulette.
I once asked my friends, how does the Martingale system actually work, or how to do it, they also don't know for sure the Martingale system, he has also just heard of systems like the Martingale being effective in blackjack betting.
But to prove and dispel my curiosity about the Martingale system, I tried to find several sources, finally I got as below.
• The Martingale Myth: Does This Betting System Really Work?
Quote
in the reality of the gaming world it’s full of problems. The main issue with Martingale is that it requires an extremely large bankroll.
To illustrate this, consider our pervious example where $10 was the opening wager. In this situation you’d need to bet $640 as your opening stake after just six losing hands. This is obviously far beyond the finances of many players and the main reason why this betting strategy doesn’t really work in reality.
To illustrate this, consider our pervious example where $10 was the opening wager. In this situation you’d need to bet $640 as your opening stake after just six losing hands. This is obviously far beyond the finances of many players and the main reason why this betting strategy doesn’t really work in reality.
Of course, I can conclude, if the Martingale system is in fact what I quoted, it means that the risk is greater and what many people say does not fully work the Martingale system, contrary to what we have heard so far.
I might stick to my strategy as usual, if I'm playing blackjack and roulette.
Well, you're more likely to break even with it since you have some form of control or idea of knowing when you're about to lose or win, but profiting? Honestly, I don't even think it matters that much, Martingale isn't a strategy even for actually profiting, it's just for breaking even at most imo. So with that and the existence of house edge, no matter what the gambler would still lose out in the long run.
This process is Martingale, but the end result is kinda different? Is the writer of the article even familiar with or knows how to use at the very least Martingale? You are NOT likely to win imo, chances always reset to 50/50, and as o_e_l_e_o said, the big win at the end would only ultimately cancel out the losses you needed to reach that win, it's not a profit that would be worth it imo.
Quote
Here’s how it works. Say you started with a $5 bet and lost. You would then bet $10 on your next hand — and $20 on the next if you lost again. Eventually, after progressively making higher wagers, you are more likely to win, leaving you with a much higher payout than if you had bet a consistent amount.
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