Martingale will never work in the long term, neither in the short term I will think. There will always be that advantage to the house that will make them win sooner or later. Once you lose 5 time there is so much risk to just win a few bucks. Not fun either, I have way more fun playing BlackJack or Roulette. Try some different things because this method doesnt work, sooner or later you will hit a big losing streak.
And that is another problem of martingale it escalates very quickly and you need to bet more and more just to recover your money, if you bet one dollar as your base bet after losing 5 times you are risking 16 dollars just to get one dollar back, it is a system that puts more and more money at risk and while you could get your money back most of the time but the one time you don't will break you, and this applies to all games that have a negative EV, like roulette, craps, dice or sports bets. 
Topic: Martingale for win, my own experience (Read 1115 times)
I guess that you cannot always win with your martingale strategy because of it still difficult to get this strategies works in a long time no matter you can master the strategies. maybe martingale is work in the short time only and for a long time, I think you need to make another strategy so you can still win in the game. I hope that you can control yourself and not spend too much money if you decide to play in all day long.
Martingale will work if :
1. We have an unlimited balance
2. The casino has no max profit rule, means we can bet with whatever amount we want.
And I guess, those two conditions will be impossible to achieve and that is why I considered martingale isn't the perfect strategy in gambling. It can work if we are lucky enough and know how to stop, otherwise it will fail.
-snip-
I don't want to advocate martingale strategy but for fairness' sake I must say that it can make you a fortune in some scenarios, and here's how. The thing is that sometimes you win your first bet, and the second one, and the third one. When using an automated betting on a dice site with good speed it can bring you $3 per second in the best case scenario, and $1 per second on average. With $256 bankroll you can safely afford 7 reds in a row and it is possible that in a time span, say, of 20 minutes you won't hit 8 reds in a row playing with 49.5% win chance. Thus you can make over $1k in 20 minutes. There were numerous examples of that and that's why this strategy is so attractive. If gamblers were only losing with martingale, this strategy would be forgotten long time ago and we wouldn't be discussing it here.
That being said, it is not improbable that you will lose your $256 during the first five seconds, and it most likely that you will lose everything with thousands and thousands of bets.
Well, for fairness sake, if one must risk all one's bank roll - well, just let one do exactly that. Betting all one's bankroll and starting with 256$ one needs to win only twice to get over 1k. I didn't calculate the odds for both but I bet they are much better than achieving the same with martingales.
No, they are not. In fact, they are absolutely the same. Depending on the House Edge, on a provably fair site, your odds of doubling you bankroll are always the same regardless of what strategy you are using. Say, if the house edge is 1%, then the probability of that is 49.5%; if the house edge is 5% then it's 47.50% and so on. Consequently, the probability of quadrupling your bankroll is 24.75% in the former case, and 23.75% in the latter. You can do martingale for 20 minutes, or you can go all in at once with 25% win chance, it doesn't matter. The probability of increasing your bankroll fourfold (or xfold) is always the same on the same site.
Gambling is a game of luck some strategies work and some strategies won't and it vary from player to player so sometimes martingale's strategy work for you but if you do it habitually the system might detect your behaviour and it randomly select a winning strategy that might end up of losing your game. the gambling house is always for the win in any means.
I guess that you cannot always win with your martingale strategy because of it still difficult to get this strategies works in a long time no matter you can master the strategies. maybe martingale is work in the short time only and for a long time, I think you need to make another strategy so you can still win in the game. I hope that you can control yourself and not spend too much money if you decide to play in all day long.
Martingale will work if :
1. We have an unlimited balance
2. The casino has no max profit rule, means we can bet with whatever amount we want.
And I guess, those two conditions will be impossible to achieve and that is why I considered martingale isn't the perfect strategy in gambling. It can work if we are lucky enough and know how to stop, otherwise it will fail.
Martingale will never work in the long term, neither in the short term I will think. There will always be that advantage to the house that will make them win sooner or later. Once you lose 5 time there is so much risk to just win a few bucks. Not fun either, I have way more fun playing BlackJack or Roulette. Try some different things because this method doesnt work, sooner or later you will hit a big losing streak.
For some games it won't work that way without any experience and luck, you'll need your experiences in some gambling games before you make a living with the martingale strategy. It will takes some years of gambling for some people to literally use gambling as a way of their living which makes them a good profit in the future.
you'll need your experiences in some gambling games before you make a living with the martingale strategy.
That was a hilarious post.
Many people here saying that martingale is not good but, one way or other we tried this strategy at least one. I have not good experience with the strategy. Anyway, in the long run no strategy is safe. Some might get lucky to make a fortune from it, some don't. Happy for this guy.
It does not work and even if it did it would NOT give you a fortune. You get one dollar back risking all your money each time, because if the strategy fails it means you ran out of money.Have a look at this example:
- Say, you loose 1$, so you now stake 2$. You already lost 1$, and you have a chance to win 1$ profit.
- Next you loose those 2$, and you now stake 4$. You already lost 3$ total, and you have a chance to win 1$ profit.
- Next you loose those 4$, and you now stake 8$. You already lost 7$ total, and you have a chance to win 1$ profit.
- Next you loose those 8$, and you now stake 16$. You already lost 15$ total, and you have a chance to win 1$ profit.
- and so on
As you can see, even assuming the strategy doesn't break (=you run out of money = total bankruptsy) you risk all your money to win one dollar back. How can that make you a fortune
[Post was edited to remove ambiguity]
Well said. I totally agree with you. I didn't say martingale is a sure win. What i was trying to convey was, I am happy for this guy and he did made some profit using this strategy.
and about making a fortune from this strategy, If a highroller bets with big amount and he somehow managed to get winning bet after two or three loses for some time then, he would definitely make some fortune from it.. (Even it sounds unbelievable, it's probable right) .
Just to the guys who think you cannot lose using martingale in the short term, just two weeks ago there was horse winning a race, traded at 1000/1 on Betfair before the race started > https://www.racingpost.com/news/in-running-carnage-as-125-1-shot-feel-glorious-stuns-goodwood/341070
Quote
Feel Glorious was matched for £249 at the maximum 1,000 on Betfair
Feel Glorious, who had been comfortably beaten in novice contests at Brighton and Kempton, was matched for £249 at the maximum 1,000 on Betfair, with the large majority traded before the race.
Runner-up Alhakmah, who was sent off at 4-1, ran an extraordinary race, also trading at 1,000 before crashing to a low of 1.03 when flying home.
Ridden in mid-division, Feel Glorious stayed on strongly to hit the front 100 yards out under Pat Cosgrave and stuck her neck out well to deny Alhakmah.
Betfair's Barry Orr said: "Glorious Goodwood is always a massive betting event and, as far as I'm aware, the £249 that was matched pre-race on Feel Glorious at Betfair’s ceiling price of 1,000 is a record for the Exchange."
Feel Glorious, who had been comfortably beaten in novice contests at Brighton and Kempton, was matched for £249 at the maximum 1,000 on Betfair, with the large majority traded before the race.
Runner-up Alhakmah, who was sent off at 4-1, ran an extraordinary race, also trading at 1,000 before crashing to a low of 1.03 when flying home.
Ridden in mid-division, Feel Glorious stayed on strongly to hit the front 100 yards out under Pat Cosgrave and stuck her neck out well to deny Alhakmah.
Betfair's Barry Orr said: "Glorious Goodwood is always a massive betting event and, as far as I'm aware, the £249 that was matched pre-race on Feel Glorious at Betfair’s ceiling price of 1,000 is a record for the Exchange."
I guess that you cannot always win with your martingale strategy because of it still difficult to get this strategies works in a long time no matter you can master the strategies. maybe martingale is work in the short time only and for a long time, I think you need to make another strategy so you can still win in the game. I hope that you can control yourself and not spend too much money if you decide to play in all day long.
Martingale will work if :
1. We have an unlimited balance
2. The casino has no max profit rule, means we can bet with whatever amount we want.
And I guess, those two conditions will be impossible to achieve and that is why I considered martingale isn't the perfect strategy in gambling. It can work if we are lucky enough and know how to stop, otherwise it will fail.
It isn't the perfect strayegy yes, though it probably is the most efficient for dice given that you have a pretty big capital. And i don't think there's really any fool proof way to win in dice, whatever strategy you use unless you're extremely lucky.
Many people here saying that martingale is not good but, one way or other we tried this strategy at least one. I have not good experience with the strategy. Anyway, in the long run no strategy is safe. Some might get lucky to make a fortune from it, some don't. Happy for this guy.
It does not work and even if it did it would NOT give you a fortune. You get one dollar back risking all your money each time, because if the strategy fails it means you ran out of money.Have a look at this example:
- Say, you loose 1$, so you now stake 2$. You already lost 1$, and you have a chance to win 1$ profit.
- Next you loose those 2$, and you now stake 4$. You already lost 3$ total, and you have a chance to win 1$ profit.
- Next you loose those 4$, and you now stake 8$. You already lost 7$ total, and you have a chance to win 1$ profit.
- Next you loose those 8$, and you now stake 16$. You already lost 15$ total, and you have a chance to win 1$ profit.
- and so on
As you can see, even assuming the strategy doesn't break (=you run out of money = total bankruptsy) you risk all your money to win one dollar back. How can that make you a fortune
[Post was edited to remove ambiguity]
I don't want to advocate martingale strategy but for fairness' sake I must say that it can make you a fortune in some scenarios, and here's how. The thing is that sometimes you win your first bet, and the second one, and the third one. When using an automated betting on a dice site with good speed it can bring you $3 per second in the best case scenario, and $1 per second on average. With $256 bankroll you can safely afford 7 reds in a row and it is possible that in a time span, say, of 20 minutes you won't hit 8 reds in a row playing with 49.5% win chance. Thus you can make over $1k in 20 minutes. There were numerous examples of that and that's why this strategy is so attractive. If gamblers were only losing with martingale, this strategy would be forgotten long time ago and we wouldn't be discussing it here.
That being said, it is not improbable that you will lose your $256 during the first five seconds, and it most likely that you will lose everything with thousands and thousands of bets.
Well, for fairness sake, if one must risk all one's bank roll - well, just let one do exactly that. Betting all one's bankroll and starting with 256$ one needs to win only twice to get over 1k. I didn't calculate the odds for both but I bet they are much better than achieving the same with martingales.
No, they are not. In fact, they are absolutely the same. Depending on the House Edge, on a provably fair site, your odds of doubling you bankroll are always the same regardless of what strategy you are using. Say, if the house edge is 1%, then the probability of that is 49.5%; if the house edge is 5% then it's 47.50% and so on. Consequently, the probability of quadrupling your bankroll is 24.75% in the former case, and 23.75% in the latter. You can do martingale for 20 minutes, or you can go all in at once with 25% win chance, it doesn't matter. The probability of increasing your bankroll fourfold (or xfold) is always the same on the same site.
I guess that you cannot always win with your martingale strategy because of it still difficult to get this strategies works in a long time no matter you can master the strategies. maybe martingale is work in the short time only and for a long time, I think you need to make another strategy so you can still win in the game. I hope that you can control yourself and not spend too much money if you decide to play in all day long.
Martingale will work if :
1. We have an unlimited balance
2. The casino has no max profit rule, means we can bet with whatever amount we want.
And I guess, those two conditions will be impossible to achieve and that is why I considered martingale isn't the perfect strategy in gambling. It can work if we are lucky enough and know how to stop, otherwise it will fail.
Many people here saying that martingale is not good but, one way or other we tried this strategy at least one. I have not good experience with the strategy. Anyway, in the long run no strategy is safe. Some might get lucky to make a fortune from it, some don't. Happy for this guy.
It does not work and even if it did it would NOT give you a fortune. You get one dollar back risking all your money each time, because if the strategy fails it means you ran out of money.Have a look at this example:
- Say, you loose 1$, so you now stake 2$. You already lost 1$, and you have a chance to win 1$ profit.
- Next you loose those 2$, and you now stake 4$. You already lost 3$ total, and you have a chance to win 1$ profit.
- Next you loose those 4$, and you now stake 8$. You already lost 7$ total, and you have a chance to win 1$ profit.
- Next you loose those 8$, and you now stake 16$. You already lost 15$ total, and you have a chance to win 1$ profit.
- and so on
As you can see, even assuming the strategy doesn't break (=you run out of money = total bankruptsy) you risk all your money to win one dollar back. How can that make you a fortune
[Post was edited to remove ambiguity]
I don't want to advocate martingale strategy but for fairness' sake I must say that it can make you a fortune in some scenarios, and here's how. The thing is that sometimes you win your first bet, and the second one, and the third one. When using an automated betting on a dice site with good speed it can bring you $3 per second in the best case scenario, and $1 per second on average. With $256 bankroll you can safely afford 7 reds in a row and it is possible that in a time span, say, of 20 minutes you won't hit 8 reds in a row playing with 49.5% win chance. Thus you can make over $1k in 20 minutes. There were numerous examples of that and that's why this strategy is so attractive. If gamblers were only losing with martingale, this strategy would be forgotten long time ago and we wouldn't be discussing it here.
That being said, it is not improbable that you will lose your $256 during the first five seconds, and it most likely that you will lose everything with thousands and thousands of bets.
Well, for fairness sake, if one must risk all one's bank roll - well, just let one do exactly that. Betting all one's bankroll and starting with 256$ one needs to win only twice to get over 1k. I didn't calculate the odds for both but I bet they are much better than achieving the same with martingales.
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I guess that you cannot always win with your martingale strategy because of it still difficult to get this strategies works in a long time no matter you can master the strategies. maybe martingale is work in the short time only and for a long time, I think you need to make another strategy so you can still win in the game. I hope that you can control yourself and not spend too much money if you decide to play in all day long.
You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.
If the site is provably fair, martingale will not work, what happens is just pure coincidence. Martingale is not a loop hole that applies to all dice or online casino site. Its nothing but a glorified strategy that some claims works for them but didn't make them rich at the end of the day because if it is true and working, how come they are still playing and using the so called strategy?
You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.
If the site is provably fair, martingale will not work, what happens is just pure coincidence. Martingale is not a loop hole that applies to all dice or online casino site. Its nothing but a glorified strategy that some claims works for them but didn't make them rich at the end of the day because if it is true and working, how come they are still playing and using the so called strategy?You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.
If the site is provably fair, martingale will not work, what happens is just pure coincidence. Martingale is not a loop hole that applies to all dice or online casino site. Its nothing but a glorified strategy that some claims works for them but didn't make them rich at the end of the day because if it is true and working, how come they are still playing and using the so called strategy? You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.
Well there are always other martingale based strategies, just need to calculate some of them
You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.
Well there are always other martingale based strategies, just need to calculate some of them
You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.
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