Martingale betting system - page 5. | Bitcointalksearch.org

bettercrypto

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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

There are many who do the martingale method, but no one has really succeeded in that method; the money will only be put at a big loss when doing it. And the only thing I can see martingale doing in the casino here in crypto gambling is the dice game.

That's why, if you ask me, any gamblers who want to use martingale, I just advise that you should only use a limited amount of money, let's say 50 dollars, use it, and when it runs out immediately, stop it and do not try to deposit money again because, for sure, the amount of your loss should be small. It is possible that your loss will increase, especially in the end, because you are only chasing your loss.

NotATether

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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.

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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

And thus you lose your deposit even faster.

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

when you eventually make profit..it might not be beneficial to everyone

Well, the casino will definitely remain in profit.

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.

The question is whether this could increase losses even further.

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

Exploring this system doesn't always guarantee 100 percent success..

If there is no 100% success from using this system, then this system is not working.

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

many have lost a lot with this system and many have also made a
Lot of profit from it..

So, 50 /50 (many lost / many make profit)? Then what 100% success are you talking about above?

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

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 can afford to give the casino free of charge.

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This is one of those discussions as old as gambling itself. In short, it's not worth it. You're either making a very small bet, or risking running out of money in just 5 or 6 moves. You can also keep winning forever, but that would require a giant bankroll just to win a few bucks.

Let's say you have a million dollars and bet $0.5 - technically you will never get a losing streak long enough to bankrupt you, but who in their right mind would deposit a million to a casino just to win a few dollars every day? You could simply get a few bucks every day by depositing it on a savings account or buying mining hardware with your money. Just buy a nice sports car and rent it out to people for a day and you'll earn more than that.

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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.

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

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

Doing this will make your gambling experience more risky because you will increase your bet whenever you lose unlike playing on fixed bet and just wait for your luck to start take effect on the game to recover your losses.

Although Martingale is a double edge sword since you can win big time when doing this while your luck back up on your game because you can continuously experienced profit even though you lose whenever you manage a one round of successful martingale.

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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

I always warn my friends who are new to gambling about this martingale system but I let them decide if they still want to go for it or experiment with the system, I have proven it not to work while using it when I was a newbie and I don't want them to experience my bad experiences, the system looks simple but when applied to online casinos you will prove that you cannot keep up if you don't have a huge bankroll.

Quote

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 can use it when you advance when you know all the risks associated with using the martingale, you can do a variation and you can control your bet to get good results but if you're a newbie and you don't have a big bankroll better forget it and use other methods.

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That's why they suggest only to gamble what you can afford to lose. It's always luck.

But I did have some luck using the strategy with just $50. I was reluctant after losing many times with the strategy, it didn't stop me from using it out of stubbornness but you can play around still with the minimum amount you have. Who knows you can triple the amount but what is inevitable though is losing when you don't stop pushing your luck.

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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 strategy is not cool to me when gambling because how will I loss my first game and I will still increase my bet do that I can win my loss in the next game. This is a risky practice because gambling shouldn't be for profit making but for fun, and that is why is not good for a gambler to start chasing his losses. I see martingale strategy as a way of fueling loss chasing.

It is better to see gambling as a means of entertainment and gamble for fun, this will enable you to have a healthy gambling life, rather than having regrets and frustration for chasing your losses, that cannot be recovered,

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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.

Quote from: _act_ on December 29, 2023, 10:00:18 AM

It is not only martingale strategy that will fail gamblers, all strategies will fail gamblers. As long as you continue to gamble for long, you will see the house or bookies winning. They have house edge that gamblers can see but some gamblers will still think that they can win the house or the bookies. They are just deceiving themselves.

No. It is the strategy. Martingale is a rubbish strategy in which you risk money increasingly to win only the initial bet.

_act_

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

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.

It is not only martingale strategy that will fail gamblers, all strategies will fail gamblers. As long as you continue to gamble for long, you will see the house or bookies winning. They have house edge that gamblers can see but some gamblers will still think that they can win the house or the bookies. They are just deceiving themselves.

Solosanz

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Even you have "significant bankroll", it doesn't make you able to win using this strategy.

I think people who use martingale strategy or other strategy over and over, they're gamble to earn money instead of fun. You can't make money by gambling, if you want to make money it's better to work or get a job.

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Quote from: paxmao on December 29, 2023, 09:38:47 AM

Nothing based on a martingale is going to work ever. It is in fact something proven to be a sure way of actually losing anything you have, sometimes more than you have. Even systems that take profit early or play against systems with extremely high betting systems tend to fail. I did a computer simulation when I was 12 and since then I understand it very clearly: it´s a no-go no matter how you play it.

Unfortunately, this is something many would never want understand, there are many gamblers who are so be-clouded by the desire to make money through gambling, so the extent that reasoning well is such a huge problem for them.

Martingale is something we have had multiple discussions on, on this forum and this board in particular, as well as the gambling discussion board, but it seems to me that, we are not done wit it and we may never be done with it.

There is no working strategy in gambling, most especially, when what we are talking about is slot or casino in-house games, but many of us will never understand, gambler in their quest for solution to their constant loses in gambling are looking for, and trying things that don't work, but will only cause them more loses and pains.

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Martingale is a well-known betting method, and we all know it doesn't work for the long run, in some point we will lose. But what people don't know is the martingale variants. These two are my favorites.

-Reverse Martingale: Where you double up after a win until you get enough consecutive wins.

-Multiplier Martingale: We add +1 on the multiplier and +1 on the bet.

The multiplier martingale is the name that i give to that logic. I even have a thread about that topic https://bitcointalksearch.org/topic/my-new-favorite-betting-method-5461882 And i like that method because you win faster. Let's say in Martingale if you start with $1 you will end with +$1 at the end of the run, but with the MM you will get $1 for each bet until you win, if the run takes you 10 bets you end with +$10

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Nothing based on a martingale is going to work ever. It is in fact something proven to be a sure way of actually losing anything you have, sometimes more than you have. Even systems that take profit early or play against systems with extremely high betting systems tend to fail. I did a computer simulation when I was 12 and since then I understand it very clearly: it´s a no-go no matter how you play it.

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Quote from: Oshosondy on December 29, 2023, 08:24:13 AM

The more you lose the more you need higher amount of money to continue gambling if you are using martingale strategy. But you should have it in mind not to use the amount of money that you can not afford to lose to gamble. Also have it in mind that you may not need martingale strategy if you want to stay long gambling because it will make you spend little time. You can martingale with just $20 to $50. Go for $5 first, the $10 second, $20 third and $50 as the fifth. If you do not win in any of the 3 or 4 rounds, stop gambling for that week if you are not collecting more than $1000 weekly. If you collect like $500 weekly, make it up to $20 and stop gambling if you do not win in any round. If you won ones, also stop gambling for that day.

I don't think am okay with this type of gambling because what I see here is just someone getting addicted very fast to this type of gambling especially if the person isnt all that strong enough to meet up with decision and believe me there are lots of humans like that which at first start easy but when the gambling gets to their head they just tend forget their selves and let their emotions get to them and of you are that type of gambler then this particular system or pattern of gambling isn't the one that will suit your gambling health.

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

It's very tempting to use this system and why not it is within logic if you're doubling up with every loss there is a chance of recovering all your previous losses, but this could work on online betting I have used it in a color game in our fiesta and I always recover my previous losses, you just need a big bankroll and a good spirit and you can beat the table, but when I tried to apply it on online casinos I have a hard time recovering all my losses.

I even lost $300 doing martingale and I have a hard time recovering from that loss because I'm staking the coins I've lost, I could still make residual income if I hadn't lost that coin because of martingale.
You can use Martingale offline on other betting platforms but if you use it online the house edge will beat you, and you're going to regret it.

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I am definitely not in the position to tell a gambler or gamblers how they should carry out their gambling activities, but then, speaking from my own personal experiences with martingale, first, Ive always believed and will continue to believe that martingale is not a gambling strategy even though we generally refer to it as such, Secondly, martingale is not something or a strategy that an average gambler would want to implore in or to their gambling activity, there is a very high chances that, such player may end losing all of his or her money.

For a small gambler who is managing his or her fund, it's best advised to avoid using martingale or anything that resembles it while you are gambling, except on a special ground that your mind is made up and you are fully ready to take responsibility of whatever happens.

From what I know, 90 to 95 percent of gamblers who use martingale end up losing all their funds if they did not stop along the way, I have no professional data to backup this claim, but it's a fact.

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I have never used or even thought about using Martingale as an strategy when comes to rolling dices or anything. I do not have big enough pockets to do so and honestly the risk of losing all our money in a consecutive string of loses is just to high.
Though, assuming someone has big enough bankroll to afford to run such strategy, I believe it would be a very effective way to increase the amount of thrill one can get out of a single gambling session.

If we look at Martingale form the perspective of entertainment rather than a way to try to get as much money as possible off the casino, I believe there is some value and credit to be given to it, though obviously most people won't see Martingale from that perspective.

In general it is an strategy I would not advice the regular gambler to seek after, only in very situational occasions when the gambler is clear on what to expect from it.

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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 think majority here knows what Martingale (or even reverse Martingale system) is and for regular gamblers it's not going to work. Because obviously you need to have a deeper pocket to be able to pull this off. And if you just get to break-even in the end and chase those losses that you have.

Just a string of 7 consecutive loses, you are done if you used this system to let's say a bacarrat game. So it's not advisable for gamblers who have small funds. The best recourse is to do budgeting your bet for small and average bettors just the rest of us. And it will really deplete your bankroll if you are very unlucky.

Topic: Martingale betting system - page 5. (Read 612 times)