Martingale betting system - page 3. | Bitcointalksearch.org

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Quote from: Sir_Garry55 on December 29, 2023, 08:01:19 AM

This is a common system that some that are into gambling use... it's a system where you double your bet after each loss in hopes of getting back or recovering previous losses when you eventually make profit..it might not be beneficial to everyone
Before venturing into this system make sure you have a significant bankroll, cause you may need to stake larger amounts to recover losses
You can't do this without having enough funds to spare.
Exploring this system doesn't always guarantee 100 percent success..many have lost a lot with this system and many have also made a
Lot of profit from it.. remember to always stake what you can afford and set limits for yourself
I would like get more ideas from my readers
Thanks for reading

My gambling experience is not very long but the few times I have participated in gambling I have won some bets. I have always participated in sports betting for which I have mostly won. But I never take up gambling professionally I always take up gambling as entertainment. But I don't have much experience in gambling, I don't know about martingale system. Also to many this martingale system seems simple but to me it seems very difficult due to lack of knowledge. I want to be clear first of all, what is this martingale system? Please explain me martingale system in simple way.

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now I want to ask a question about your statement that you must have large funds, how large an amount do you mean?
what I know from my experience is that the martingale strategy will never be recommended by anyone unless you have an unlimited money budget because if we just say you have to have a big budget it will still never work because luck is still an important role here and it also depends on how much the bet to be used.
I once tried this in a roulette game with basic bets, tried with the smallest bet amount and it seemed like luck was not on my side and losing streaks always happened and the budget I had was not enough to carry out this martingale strategy.

I'm sure even though I haven't read all the replies here but they will say the same thing that this strategy is not recommended.

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Quote from: Ojima-ojo on December 29, 2023, 04:29:47 PM

But anyways, good luck to whom ever will be applying Martingale in their gambling, for me, this remains a no go area.

Martingale is still a dangerous way to gamble. For a loser who implores martingale, he is likely to still gamble or bet in the same direction that he had earlier making him less likely to win the bet. He will only be hopeful that the bet favours him at the long run. His analysis will not be any where near "accurate" because of tension to chase his losses. I think it is better to let some losses go to start again in the beginning, so to start afresh is better than to keep patching already bad game.

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Quote from: Sir_Garry55 on December 29, 2023, 08:01:19 AM

This is a common system that some that are into gambling use... it's a system where you double your bet after each loss in hopes of getting back or recovering previous losses when you eventually make profit..it might not be beneficial to everyone
Before venturing into this system make sure you have a significant bankroll, cause you may need to stake larger amounts to recover losses
You can't do this without having enough funds to spare.
Exploring this system doesn't always guarantee 100 percent success..many have lost a lot with this system and many have also made a
Lot of profit from it.. remember to always stake what you can afford and set limits for yourself
I would like get more ideas from my readers
Thanks for reading

I also used that method before; at the beginning, it was quite effective, but in the end, I still did not fail to get a profit in the casino using that martingale. And in my few years here, I recently realized that in order for you to get a big profit in a martingale, there must be a limit to how much you should double your bet when you lose.

And when you reach that and still lose, you must go back to the beginning of the lowest amount you bet and repeat it until you hit again. When that happens, go back to the beginning.

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Quote from: Yatsan on January 02, 2024, 10:18:46 AM

Quote from: goaldigger on December 30, 2023, 12:16:46 PM

Quote from: adzino on December 30, 2023, 11:49:51 AM

Doesn't matter what "betting system" or strategy you use. The casino always has an edge, so in the long run, you will end up being defeated by the house. Same goes for martingale strategy. In paper, it might sound like it is a fool proof strategy, but it isn't. There are still risks. The higher your losing streak is, the more you will be risking. You won't even notice how you get wiped out within few seconds. You can say martingale strategy is risk free only if you have an infinite balance, but if you have infinite money, why would you want to be gambling using strategies? You could just throw money away. Strategies will help you control your losses, but it won't help you beat the casino.

You can beat the casino by just playing and if you won that is over your capital, then you can just leave the casino for good and this is the only way for you to beat the house. Strategies will work in sports betting but in a game like slots, I believe its useless and even if martingale claims to be a good one, in reality its not and you are just increasing the risk of losing everything. Don't be greedy and just bet slowly but surely, its more fun to gamble without rushing things.

You will never beat the casino if you will force pushing through unless you are lucky and that doesn't come on a daily basis. Even with lotteries; people are betting for years consistently but not all bettors are hitting the jackpot. You are not betting against the casino but your fortune; not all casinos are rigged. We just tend to think that casinos are literally winning over us but it is our luck who is often absent which results to loss.

You have a good point here guys, but I do not agree at all, i mean, the casino has a house edge, and is hard to beat the casino, but you need to understand there is a natural enemy of casinos and it is called VARIANCE. But what does variace mean?

let's say the casino has a house edge of 1%, and we are betting on 50% chance to win, so, in theory, we will win 49 of each 100 bets, but the variance is the amount that we are betting, if we lose with low bets and win with the big ones that will send the casino to red numbers.

And if we can't beat the casino is not only for the house edge, we can't do it because the casino has a huge bankroll. So, if we have $10 and play flip coin versus someone who has $1000 on $1 bets, the one who has $10 will lose all in the long run because he can only lose 10 bets while the other one has to lose 1000 bets.

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Not a system but mote of a strategy. Definition is correct and personally I won't recommend this even if you have a large bankroll, and if you are into casino games or pure luck games. The purpose of this strategy is indeed good which is to regain your loss from previous bet however, how sure are you that you'd win the next bet wherein amount is doubled from the previous one? Given that there's no such thing as certainty of the outcome then you are just pushing your luck too much. Double it up 'til you have nothing left in your bankroll. Better to focus on managing your wager and the amount you could engage in one sitting to assure that no regrets will be there even if you end up badly for that day. Profit will just follow because of efficiency on bankroll management.

Quote from: goaldigger on December 30, 2023, 12:16:46 PM

Quote from: adzino on December 30, 2023, 11:49:51 AM

Doesn't matter what "betting system" or strategy you use. The casino always has an edge, so in the long run, you will end up being defeated by the house. Same goes for martingale strategy. In paper, it might sound like it is a fool proof strategy, but it isn't. There are still risks. The higher your losing streak is, the more you will be risking. You won't even notice how you get wiped out within few seconds. You can say martingale strategy is risk free only if you have an infinite balance, but if you have infinite money, why would you want to be gambling using strategies? You could just throw money away. Strategies will help you control your losses, but it won't help you beat the casino.

You can beat the casino by just playing and if you won that is over your capital, then you can just leave the casino for good and this is the only way for you to beat the house. Strategies will work in sports betting but in a game like slots, I believe its useless and even if martingale claims to be a good one, in reality its not and you are just increasing the risk of losing everything. Don't be greedy and just bet slowly but surely, its more fun to gamble without rushing things.

You will never beat the casino if you will force pushing through unless you are lucky and that doesn't come on a daily basis. Even with lotteries; people are betting for years consistently but not all bettors are hitting the jackpot. You are not betting against the casino but your fortune; not all casinos are rigged. We just tend to think that casinos are literally winning over us but it is our luck who is often absent which results to loss.

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Quote from: Ojima-ojo on December 29, 2023, 04:29:47 PM

But anyways, good luck to whom ever will be applying Martingale in their gambling, for me, this remains a no go area.

Yes, it all depends on luck, but believe me, no one has ever been lucky and really succeeded in using this Martingale strategy, because I have tried using that strategy and I have even tried to adjust the settings so that it can be more profitable. Still, I understand now that the dealer will always win. although I have thousands of strategies though, so I wouldn't consider it a place to win games and make money now.

Currently I enjoy the game more without having to think about whether I will succeed and win using that strategy, never try Martingale because I'm sure the result will end up being the same as me just losing money like that, the average beginner always uses that strategy as a starting point because of their experience and in fact they still failed in the end.

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Quote from: Don Pedro Dinero on December 29, 2023, 10:04:39 AM

Quote from: Porfirii on December 29, 2023, 08:30:58 AM

Martingale is well known as a strategy that doesn't work. You can find a lot of information in Internet in that regard (in Wikipedia without going any further) or look for it in Taleb's Black Swan for a more detailed explanation.

The variants mentioned by Oshosondy can work in the short term, but as I said it is a losing strategy in the long term, if you keep applying it ad perpetuum, as nobody has enough bankroll to recover from a losing spree that sooner or later will happen.

No matter how many times we have explained it on this forum, my friend Porfirii, every now and then we have someone saying that they have found a variant of the martingale that works or threads like this one where the author has not realised that the martingale has been known not to work since at least the 19th century. But hundreds of years go by and people still believe that they have found a system to win at the casino, be it this one or others.

In fact, and you know it well too, in Spain we have this expression, "una martingala", which literally means according to the Spanish Royal Academy:

Quote

1. An artifice or a cunning to deceive someone, or for some other purpose.

So when we say (in Spanish) "don't come with martingales", the martingales would be little cheats to distort victim's reality.

Anybody could think that the author of the martingale would be the wise man according to the expression, but according to science it would be more on the contrary like: you were deceived because you thought the martingale was a winning strategy.

Either way, what is clear is that the expression has a pejorative meaning, for one reason. So, those who say that the martingale works, at least you are warned.

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Everybody hates Martingale, but nobody can gamble without applying it to their gameplay. You may not double your bets on every loss, but you increase it anyway, so you are applying Martingale concept in your game, in every case.

Martingale has a limited benefical effect in our gambling session, but it's necessary on short run, otherwise we don't reach anywhere through repeating bets without adjusting their size on winnings and losses. Gamblers making short time profit are achieving this through this method, so it has its advantages. Even in sports betting this strategy can be applied.

And in fact, among every strategies I've already seen on the internet, Martingale is the one which best worked for me, making my bankroll grow and last for longer, although losses were inevitable after all. If you think it's bad, that is because you haven't tried others yet, like: reverse Martingale, Labouchere, Paroli, Fibonacci, D’Alembert...

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Quote from: adzino on December 30, 2023, 11:49:51 AM

Doesn't matter what "betting system" or strategy you use. The casino always has an edge, so in the long run, you will end up being defeated by the house. Same goes for martingale strategy. In paper, it might sound like it is a fool proof strategy, but it isn't. There are still risks. The higher your losing streak is, the more you will be risking. You won't even notice how you get wiped out within few seconds. You can say martingale strategy is risk free only if you have an infinite balance, but if you have infinite money, why would you want to be gambling using strategies? You could just throw money away. Strategies will help you control your losses, but it won't help you beat the casino.

You can beat the casino by just playing and if you won that is over your capital, then you can just leave the casino for good and this is the only way for you to beat the house. Strategies will work in sports betting but in a game like slots, I believe its useless and even if martingale claims to be a good one, in reality its not and you are just increasing the risk of losing everything. Don't be greedy and just bet slowly but surely, its more fun to gamble without rushing things.

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Quote from: adzino on December 30, 2023, 11:49:51 AM

Doesn't matter what "betting system" or strategy you use. The casino always has an edge, so in the long run, you will end up being defeated by the house. Same goes for martingale strategy. In paper, it might sound like it is a fool proof strategy, but it isn't. There are still risks. The higher your losing streak is, the more you will be risking. You won't even notice how you get wiped out within few seconds. You can say martingale strategy is risk free only if you have an infinite balance, but if you have infinite money, why would you want to be gambling using strategies? You could just throw money away. Strategies will help you control your losses, but it won't help you beat the casino.

This is right. The more you play the game means you have high risk on losing especially when it comes to martingale strategy. The number of loss streak increases as the number of total increase too.

The only additional input I can add here is you can successfully beat a casino too using martingale strategy without using infinite bankroll is by having a bankroll higher than the casino itself. This is the reason why casino place max bet or max win so that people potential winning has cap and force to play longer using small bet because they knew that they will have an advantage for long term games due to house edge and bankroll difference.

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Doesn't matter what "betting system" or strategy you use. The casino always has an edge, so in the long run, you will end up being defeated by the house. Same goes for martingale strategy. In paper, it might sound like it is a fool proof strategy, but it isn't. There are still risks. The higher your losing streak is, the more you will be risking. You won't even notice how you get wiped out within few seconds. You can say martingale strategy is risk free only if you have an infinite balance, but if you have infinite money, why would you want to be gambling using strategies? You could just throw money away. Strategies will help you control your losses, but it won't help you beat the casino.

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There is no strategy that will truly guarantee win and of course strategy is only way to increase opportunities, not necessarily result in victory.
Martingale is type of strategy that is quite popular and martingale is strategy that can produce multiple profits if successful and lucky.
The martingale strategy reminds me of one of my experiences with the Crazytime game and made me lose quite large amount of money, initially with only $100 in capital and then made me lose control until I deposited back around $200.
Everything was gone without any leftovers and it was clear that day was not lucky day for me.
However, what is quite annoying is when at the end of betting there is remaining balance of around $1 and I decide to bet it, but this last bet can result in win.
Imagine if the balance was still large enough, wouldn't that be the right time to get big win?

What everyone needs to always remember is that the martingale strategy requires more money or you could say that the martingale strategy must have spare money if you want to use it.
It just necessary to always be careful and aware of your own control because when applying the martingale it can make gambler experience increased emotions and do careless things.

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Quote from: Sir_Garry55 on December 29, 2023, 08:01:19 AM

Before venturing into this system make sure you have a significant bankroll, cause you may need to stake larger amounts to recover losses
You can't do this without having enough funds to spare.

I have to agree with you on this, I was short of my bankroll to recover all my losses using this martingale system, this martingale is for those who can keep up if you cannot keep up you will eventually lose, it's better to play with your choice than doing martingale with doing with your own choice you have full control and you will feel better knowing you lose because it's your own choice not a failed system you use to try to succeed.
Gamblers should always listen or read methods so they will not suffer the same fate as those who tried and failed.

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I have never heard of a person who managed to get a lot of profit because of the martingale strategy but I have always seen or heard people saying that they have lost all their money because of it as when you start losing, the loss streak keeps getting bigger and bigger and eventually eats up all your bankroll.

Having a high bankroll cannot keep you safe from getting completely liquidated by this strategy, if that were a possibility, I'm pretty sure casinos would go bankrupt in no time because it's not difficult for a person to borrow money or take a loan if they knew it is a guaranteed way to gain money.

So, one should never rely on things such as strategies and stuff but instead, accept the fact that gambling is not a way to earn money, and no matter how hard you try, you are eventually going to lose the money.

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Quote from: Sir_Garry55 on December 29, 2023, 08:01:19 AM

This is a common system that some that are into gambling use... it's a system where you double your bet after each loss in hopes of getting back or recovering previous losses when you eventually make profit..it might not be beneficial to everyone
Before venturing into this system make sure you have a significant bankroll, cause you may need to stake larger amounts to recover losses
You can't do this without having enough funds to spare.
Exploring this system doesn't always guarantee 100 percent success..many have lost a lot with this system and many have also made a
Lot of profit from it.. remember to always stake what you can afford and set limits for yourself
I would like get more ideas from my readers
Thanks for reading

This method is the fastest way of getting broke. It is not sustainable and will always end in depression. Instead of doubling the bet after each loss, it is best to reduce the bet so you don't lose all the capital in a day. Being able to manage the capital is as important as anything in the gambling circle. Without proper money management, there will be no capital to use when luck is finally on the side of the gambler. The system described above is definitely not a good money management process.

Furthermore, this pattern of doubling the bet after each lose is another form of gambling addiction because it is only an addict that will continue gambling when it is obvious luck is not on his side. Those who have overcame addiction will stop for the day after few losses, probably to re-examine their style of betting and possibly use a different approach.

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Quote from: Sir_Garry55 on December 29, 2023, 08:01:19 AM

~snip~

Martingale strategy is a strategy that leads almost every gambler who uses it to lose. It does not work as you think, because each previous round is not related to the next. You can get as many as many losses in a row. I would not recommend using this strategy in the hope of 100% winnings, because it is not true. In gambling there is no one strategy that leads only to winning.

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Quote from: Kemarit on December 29, 2023, 07:15:13 PM

But still though, in the long run it's not going to work right?

And as you have said, "sometimes", that is the keyword there, and most of the gamblers here doesn't have the capital to run this strategy. I have abandoned it years ago just for that reason and as the experienced of others.

You could be one of those really lucky person who uses it short term and then make profit.

The fact is that this strategy helped me earn profit in the short-term in a couple of sites though I never used that strategy in those sites ever again which is why I did get lucky as you mentioned.

This particular logic applies to several gambling strategies like yolo gambling, fixed unit gambling etc.

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Quote from: 3kpk3 on December 29, 2023, 11:10:33 AM

People who think that Martingale doesn't work don't really know much about it. It does work sometimes only in the short-term as long as you set proper profit and loss targets in a smart and calculated manner

It always fails in the long-term primarily thanks to the house edge factor and table limits.

But still though, in the long run it's not going to work right?

And as you have said, "sometimes", that is the keyword there, and most of the gamblers here doesn't have the capital to run this strategy. I have abandoned it years ago just for that reason and as the experienced of others.

You could be one of those really lucky person who uses it short term and then make profit.

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Quote from: 3kpk3 on December 29, 2023, 11:10:33 AM

People who think that Martingale doesn't work don't really know much about it. It does work sometimes only in the short-term as long as you set proper profit and loss targets in a smart and calculated manner

It always fails in the long-term primarily thanks to the house edge factor and table limits.

It sounds like you are the one who know much about it. Because this not about our opinion of it. It's mathematically proven not to work. Saying it works shot term is like saying you most likely win a bet with 1.1 multiplier, which is basically same thing. It's just more unlikely to win it 10 times in a row. Sure, you can win with that tactic, but you will risk more then it comes to doubling your bet enough times. It's just a matter of probability. Obviously if you know something none of people do, please by all means prove it mathematically https://en.wikipedia.org/wiki/Martingale_(probability_theory)

Topic: Martingale betting system - page 3. (Read 610 times)