Martingale betting system - page 4. | Bitcointalksearch.org

Heartilly

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Quote from: Sir_Garry55 on December 29, 2023, 09:01:19 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

To conclude what you are saying, never ever consider that betting system as a strategy.

Others might have been successful doing that betting sequence but they will only tell those success bets but will not mentioned their losses. Just always think of an obvious thing where if that betting method is really effective "in the long run", how come it's not even popular as an effective strategy? It's because it's not a strategy in the first place.

If others think that even starting from 1 satoshi will always yield a good profit, they should understand how provably fair works.

Johnyz

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Quote from: ryzaadit on December 29, 2023, 01:55:12 PM

Use these but on winning.

You will ended with a rich balance ~XD. I playing blackjack everytime win, raise my bet 50% from the original bet and doing these with 3-4x bet after that the bet balance will be no change until we lose.

Last few days got a good streak win on BJ, around 5x times betting around 100$+ ended profit around 2000-2500$ with just 5x bet.

This can be a rewarding strategy but still, Martingale is a risky decision to make and you will still need luck in order for you to enjoy this kind of scenario. Tried many times using Martingale and still ended up with the same result which was a big loss for me. Some may find this as a good strategy but there’s still no proof that this can beat the house and its not a consistent result.

Ojima-ojo

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Martingale is not a strategy I will advice anybody or gambler to apply in their gambling activity, except the gambler fully understands the risks that comes with such practise as this, and he or she is fully ready to take full responsibility of the outcome of his or her action.

Martingale does work in gambling, but I still advice and discourage gambler from making use of it, as it most times act as the much need fire which will burn entire bankroll in a couple of minutes, leaving the gambler with nothing.

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

Quidat

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Quote from: acroman08 on December 29, 2023, 05:11:13 PM

this topic has been discussed a lot of time over the years here in the forum. it doesn't work if you have limited funds and plans to do a normal gambling session and it won't work even if you have an extremely large amount of funds when the casino has a max bet limit.

Quote from: Sir_Garry55 on December 29, 2023, 09:01:19 AM

I would like get more ideas from my readers

if you are curious, you might want to check this thread out Martingale revisited, one of forum member did an experiment on the martingale strategy, you'd be surprised at the result of his experiment.

This had been a long time topic that people are already been that discussing over and over on which its true that there's no such thing about unlimited funds and there's no way that you could really be having an advantage because just like we do all know that once that losing streaks hit you hard then you would be losing all of those balance in a blink of an eye. This is why its never been that recommended if you dont like on busting your entire balance on a snap. I would really be preferring to see or play dice or crash games on having that typical 2x odds rather than on
running automation on having that martingale system on which it is really the easiest and fastest way on losing the entire balance you do have.

acroman08

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this topic has been discussed a lot of time over the years here in the forum. it doesn't work if you have limited funds and plans to do a normal gambling session and it won't work even if you have an extremely large amount of funds when the casino has a max bet limit.

Quote from: Sir_Garry55 on December 29, 2023, 09:01:19 AM

I would like get more ideas from my readers

if you are curious, you might want to check this thread out Martingale revisited, one of the forum member did an experiment on the martingale strategy, you'd be surprised at the result of his experiment.

Hamphser

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Quote from: Sir_Garry55 on December 29, 2023, 09:01:19 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

Martingale is already that a long time known strategy on which adding up a % on every loss that you are taking on which it would really be able to recover up once you do able to hit up a win. Yes, its really that ideal
but its not something a guarantee that you could make money in the end. This is why making use of this strategy would really be that important that you should really know on when to get out specially when you are winning or in greens because usually people do stop their gambling thing only into those times that they had already bust up their bankroll.

The issue on martingale that this is one indeed one of the known strategies on which you could earn quick bucks but only when you are luck and able to pull it out early but we know the risk is high.
It wont really be worth on getting a peanut return on risking out even on the lowest best on which increasing out 100% in every roll. The issue on here is that on the time that you
would be experiencing those consecutive losses then this is where things do start to blown up. Grin

iv4n

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While many members here speak very negatively about Martingale I will try to shed some positive light... after all, we can't run away from Martingale, one way or another. Simply, after a streak of losses, we will raise bets or odds, and when we do that it's martingale, whatever game we are playing. The good thing about Martingale and some lucky-based games is that we can start from very low min bets, in that case, we can survive longer, but the bad part is that profit will be very low.

Martingale betting system is wrong when the base bet is high, it's stupid to push with high bets if you don't have the balance for that. But when it comes to betting with low amounts and some auto-betting strategies I think that we can't run away from Martingale. That doesn't need to be doubling after every loss, it means that we will raise the bet after losing "some amount" of bets. People who like to set-up auto betting strategies like I do understand what I am talking about.

famososMuertos

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No, don't use the motto "only do it with money you can afford to lose"

They use that motto badly, they use it for those who tell them they are addicts, it doesn't work for addicts and it doesn't work for martingale either. It is incredible to read how badly that phrase is used, that phrase is to have confidence in the day-to-day life of your game, it is not "insurance" of funds nor does it prevent you from being addicted, as I have read in other posts.

MArtingale is used for those who have infinite funds and want to make large bets, and the return always has to be 2:1...(1:2)

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Quote from: Porfirii on December 29, 2023, 09:30:58 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.

Why I do not like the Martingale strategy is that it is built on the assumption that the gamblers budget is so Large that the money cannot be used up which is very terrible. Another flaw with this strategy is that it forgets that no matter what, the house always wins. The house has the edge. Somin the end you a gambler who follows this strategy would lose all his money, runs into debt, be depressed and unhappy. It is not a responsible gambling method.
Have a budget, be disciplined enough to stick with it. If you have a losing streak do not wait until it is the fourth or fifth loss, leave.

blockman

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Quote from: Sir_Garry55 on December 29, 2023, 09:01:19 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

You don't need any more ideas about martingale because you are aware of it fully. It's not a good strategy in the long run because it will just make you lose a lot. But if you think that you have no worries with this strategy and it is giving you more profit then that's so much good for you. Because for the majority of us, this really doesn't work at all. We've tried to do this and then thought that it's going to end up with so great results but no, we were wrong about it and if you haven't tried it. You'll see what we are saying so better not to try it and just listen to the experience of other gamblers.

darkangel11

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Quote from: NotATether on December 29, 2023, 12:14:45 PM

No, do not ever use Martingale, it is stupid and will make you lose everything you got in the bank.

In the past, I have personally been burned by making Martingale bets on games with low odds, and blew through my entire balance on casinos like that. Fortunately, it was no more than a few dozen dollars or like that, because I would never even think about gambling with big money.

I can confirm. Martingale looks great on paper but once you start betting it turns into a nightmare.
I feel like the way online casinos work with many seeds mixed together and the system choosing winners from a group of players every time you roll makes martingale strategy useless.
Martingale will work when you flip a coin, but it won't work when you play 49% dice. It's a completely different game and people who think they can make money martingaling usually get hit by harsh reality.

If you don't believe me, try it with extremely low bet, like 0,00001BTC and see how you do. I bet you'll make less than $50 before you go bust and lose all your bankroll which is more than $100.

alankasman

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Quote from: Sir_Garry55 on December 29, 2023, 09:01:19 AM

~snip

I would like get more ideas from my readers
Thanks for reading

The Martingale system is suitable as a strategy in roulette and blackjack gambling games because the Martingale strategy allows players to double their bets.
But using Martingale means, as you said, that players must have a large amount of capital because every time they lose they will increase their bet amount.
In this Martingale strategy, players also need patience. Personally, I am not ready to gamble using the Martingale system.

bitzizzix

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The Martingale strategy is a type of betting strategy that originated in France in the 18th century, and I think almost all gamblers know about the martingale.
And the martingale betting strategy involves doubling your bet after each loss, until you finally win and it also requires great skill. However, the Martingale method can be very dangerous if used incorrectly, and you also have to have quite a lot of capital to do it. It is true that the Martingale strategy looks easy with the support of large capital, but in reality it is not as easy as you imagine.

Mate2237

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Martingale Betting is just like a normal thing in the gambling industry. Gamblers always have that mindset to win big when they loss a game and increase their bet to see if they can really win the jackpot (win big) and I don't think the gambler needs a big bankroll to win big. But all is just a luck. If he has luck he can win just small increase of the stake and win big to recover his lost again. For the gambler to have enough funds as backup is just to stake continuously until he win the lottery (big).

In this method, when you loss you loss greatly and if you even win you can't win to recover all you loses so you are still at the losing side of the method.

lionheart78

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@OP I think you already grasp the idea about the Martingale betting system. I believe there is no more to add any explanation about what the Martingale betting system can inflict on the gambler who uses the strategy specially when the gambler is playing a luck-based gambling game. I think Martingale can be useful if a player knows when to stop or when to reset his bet if he suffers consecutive losses.

Quote from: ryzaadit on December 29, 2023, 01:55:12 PM

Use these but on winning.

You will ended with a rich balance ~XD. I playing blackjack everytime win, raise my bet 50% from the original bet and doing these with 3-4x bet after that the bet balance will be no change until we lose.

Last few days got a good streak win on BJ, around 5x times betting around 100$+ ended profit around 2000-2500$ with just 5x bet.

I guess you got lucky this time since you got consecutive good cards. Anyway, congratulations on your good session winning a huge amount on BJ,( that I assume that you stopped after hitting 5x in a row). I wonder how you feel during those consecutive bets, when you are all-inning your wins...

SamReomo

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Martingate betting system is the worst strategy that a gambler follows because this strategy can empty your accounts within minutes if you apply it on online casinos. I have seen some players who applied Martingale strategy on Aviator, Crash, and Plinko and instead of winning they have lost thousands of dollars.

They began their bets with just $5 but due to many consecutive losses their bets went to $1000's and in the end they emptied their accounts with this strategy. This strategy can only work for those gamblers who don't go beyond $100 and if someones goes beyond that then the losses can be so high for the gambler.

ryzaadit

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Use these but on winning.

You will ended with a rich balance ~XD. I playing blackjack everytime win, raise my bet 50% from the original bet and doing these with 3-4x bet after that the bet balance will be no change until we lose.

Last few days got a good streak win on BJ, around 5x times betting around 100$+ ended profit around 2000-2500$ with just 5x bet.

OgNasty

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As others have mentioned, there are no ways to beat the system. The house has the odds and the longer you play the more likely you are to lose. This is the problem with the Martingale system. It works until it doesn’t work anymore and when it stops working you lose everything. So it’s a game of whether or not you can quit when you’re ahead before you lose everything.

robelneo

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Quote from: Sir_Garry55 on December 29, 2023, 09:01:19 AM

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

Martingale is the most explored and most discussed system in gambling, I remember a few years ago about a newbie shouting Eureka that he found a way to win on dice, and it's Martingale so many newbies fall to this system until they found out the bad news, martingale is good to adopt if you know the truth about it and you're not expecting anything spectacular like newbies do.
It's the favorite of high rollers. They can attempt to beat the house because they have a big bankroll to challenge the house's edge but for average bettors like us you have to start with the lowest and hope that luck will be on your side, and it is better to use manual than auto when using a martingale and change the setting from time to time, good idea? no, sometimes it works most of the time it's not.

Unsoldier

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In theory, the Martingale system may seem attractive because of the idea of quick loss recovery. However, in practice, it can lead to serious financial losses. In addition, some casinos may have limits on maximum bets, so a gambler may not be able to increase bets indefinitely to recover his losses.

Topic: Martingale betting system - page 4. (Read 545 times)