Martingale for win, my own experience - page 2.

BartS

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Quote from: CryptoProphet on February 22, 2018, 12:49:35 AM

Hi,
I try to play on http://oddevenbets.com

I want try martingale strategy now..

My next 10 bets!
Great result, 7 win, 3 lose Grin

Look this! Martingale works fine Grin

That is your proof? You just won a few bets and that is enough for you? The longer you play the greater the chances that you will lose, I do not care if you need to lose a 100 times in order for your martingale system to be beaten, it may sound impossible for that to happen but as long as you keep playing that will eventually happen, if you like to gamble I will recommend to you that you try some games that you can actually beat like poker or sports bets.

Pan Troglodytes

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Quote from: FlightyPouch on August 16, 2018, 07:19:28 AM

Quote from: Pan Troglodytes on August 16, 2018, 05:38:18 AM

Quote from: FlightyPouch on August 16, 2018, 05:23:13 AM

Quote from: abel1337 on August 16, 2018, 03:06:38 AM

Correct , We know that martingale technique is so risky that if you run out of money you will totally lose the game , But this technique is effective on a persons that has a very large bank roll. But it is isnt effective on a small ones. Just remember that dont over spend your time on playing gamble because you will all lose in the end.

That is obvious, if you run out of money that is the signal that you lose, does it mean anything else? Martingale is a great strategy really for an individual that has a lot of number in his bank roll. Don't try this strategy if you just have some number that can be gambled on your wallet since you will not just lose but you will be losing it in a blink of an eye.

The whole point I was making was to show that it is NOT a great strategy ESPECIALLY for an individual with a long bankroll. That particular individual would be eventually risking his whole money just to win a single stake 1$ profit. It is lunacy!

Well, I am not having an argument about your post unless you are abel1337 user. Hmmm Roll Eyes

No I don't know him. Why? EDIT: OK I am dumb

Quote from: FlightyPouch on August 16, 2018, 07:19:28 AM

High risk, high return, that is the usual saying of these gamblers, not only them but also these investors investing on a lot of great crypto currencies. I am not saying that it is a good thing I am just saying that it can be a good thing.

High risk&high return is OK, buying crypto is just that - high risk&high return, where high risk enables high rewards. But again: martingale is all about high risk and low return

kurian

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Quote from: Pan Troglodytes on August 16, 2018, 02:46:29 AM

Quote from: kurian on August 16, 2018, 01:36:48 AM

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 Huh

[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) .

Betwrong

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Quote from: Pan Troglodytes on August 16, 2018, 02:46:29 AM

Quote from: kurian on August 16, 2018, 01:36:48 AM

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 Huh

[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.

FlightyPouch

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Quote from: Pan Troglodytes on August 16, 2018, 05:38:18 AM

Quote from: FlightyPouch on August 16, 2018, 05:23:13 AM

Quote from: abel1337 on August 16, 2018, 03:06:38 AM

Correct , We know that martingale technique is so risky that if you run out of money you will totally lose the game , But this technique is effective on a persons that has a very large bank roll. But it is isnt effective on a small ones. Just remember that dont over spend your time on playing gamble because you will all lose in the end.

That is obvious, if you run out of money that is the signal that you lose, does it mean anything else? Martingale is a great strategy really for an individual that has a lot of number in his bank roll. Don't try this strategy if you just have some number that can be gambled on your wallet since you will not just lose but you will be losing it in a blink of an eye.

The whole point I was making was to show that it is NOT a great strategy ESPECIALLY for an individual with a long bankroll. That particular individual would be eventually risking his whole money just to win a single stake 1$ profit. It is lunacy!

Well, I am not having an argument about your post unless you are abel1337 user. Hmmm Roll Eyes

High risk, high return, that is the usual saying of these gamblers, not only them but also these investors investing on a lot of great crypto currencies. I am not saying that it is a good thing I am just saying that it can be a good thing.

Pan Troglodytes

member

Activity: 392

Merit: 39

Quote from: FlightyPouch on August 16, 2018, 05:23:13 AM

Quote from: abel1337 on August 16, 2018, 03:06:38 AM

Correct , We know that martingale technique is so risky that if you run out of money you will totally lose the game , But this technique is effective on a persons that has a very large bank roll. But it is isnt effective on a small ones. Just remember that dont over spend your time on playing gamble because you will all lose in the end.

That is obvious, if you run out of money that is the signal that you lose, does it mean anything else? Martingale is a great strategy really for an individual that has a lot of number in his bank roll. Don't try this strategy if you just have some number that can be gambled on your wallet since you will not just lose but you will be losing it in a blink of an eye.

The whole point I was making was to show that it is NOT a great strategy ESPECIALLY for an individual with a long bankroll. That particular individual would be eventually risking his whole money just to win a single stake 1$ profit. It is lunacy!

FlightyPouch

sr. member

Activity: 1638

Merit: 300

Quote from: abel1337 on August 16, 2018, 03:06:38 AM

Correct , We know that martingale technique is so risky that if you run out of money you will totally lose the game , But this technique is effective on a persons that has a very large bank roll. But it is isnt effective on a small ones. Just remember that dont over spend your time on playing gamble because you will all lose in the end.

That is obvious, if you run out of money that is the signal that you lose, does it mean anything else? Martingale is a great strategy really for an individual that has a lot of number in his bank roll. Don't try this strategy if you just have some number that can be gambled on your wallet since you will not just lose but you will be losing it in a blink of an eye.

Pan Troglodytes

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Activity: 392

Merit: 39

Quote from: vd309 on August 16, 2018, 02:58:30 AM

Quote from: Pan Troglodytes on August 16, 2018, 02:46:29 AM

Quote from: kurian on August 16, 2018, 01:36:48 AM

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$, and you have a chance to win 1$ back.
Next you loose those 2$, and you now stake 4$. You already lost 3$ total, and you have a chance to win 1$ back.
Next you loose those 4$, and you now stake 8$. You already lost 7$ total, and you have a chance to win 1$ back.
Next you loose those 8$, and you now stake 16$. You already lost 15$ total, and you have a chance to win 1$ back.
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 Huh

No, you have a chance to win your 15$ back + 1$ more. This is the nature of martingale, whenever you hit win to clear all accumulated loses and be on profit.

Yes, I thought this is what I wrote. You have a chance to win what you have lost back and be 1 dollar on profit. So you risk all your money to be +1 dollar in the end.

There are two possible outcomes after all is done:
1. you are +1 dollar
2. you lost all your money

It makes sense to stake one dollar with chances to win one dollar. But staking all your money on slim chances to win one dollar doesn't look like a way to win a fortune to me. This was my point.

Now, on the second reading, I admit my initial post maybe was ambiguous and I have edited it to remove this ambiguity.

abel1337

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Quote from: vd309 on August 16, 2018, 02:58:30 AM

Quote from: Pan Troglodytes on August 16, 2018, 02:46:29 AM

Quote from: kurian on August 16, 2018, 01:36:48 AM

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$, and you have a chance to win 1$ back.
Next you loose those 2$, and you now stake 4$. You already lost 3$ total, and you have a chance to win 1$ back.
Next you loose those 4$, and you now stake 8$. You already lost 7$ total, and you have a chance to win 1$ back.
Next you loose those 8$, and you now stake 16$. You already lost 15$ total, and you have a chance to win 1$ back.
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 Huh

No, you have a chance to win your 15$ back + 1$ more. This is the nature of martingale, whenever you hit win to clear all accumulated loses and be on profit.

Correct , We know that martingale technique is so risky that if you run out of money you will totally lose the game , But this technique is effective on a persons that has a very large bank roll. But it is isnt effective on a small ones. Just remember that dont over spend your time on playing gamble because you will all lose in the end.

vd309

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Activity: 445

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Quote from: Pan Troglodytes on August 16, 2018, 02:46:29 AM

Quote from: kurian on August 16, 2018, 01:36:48 AM

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$, and you have a chance to win 1$ back.
Next you loose those 2$, and you now stake 4$. You already lost 3$ total, and you have a chance to win 1$ back.
Next you loose those 4$, and you now stake 8$. You already lost 7$ total, and you have a chance to win 1$ back.
Next you loose those 8$, and you now stake 16$. You already lost 15$ total, and you have a chance to win 1$ back.
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 Huh

No, you have a chance to win your 15$ back + 1$ more. This is the nature of martingale, whenever you hit win to clear all accumulated loses and be on profit.

Pan Troglodytes

member

Activity: 392

Merit: 39

Quote from: kurian on August 16, 2018, 01:36:48 AM

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 Huh

[Post was edited to remove ambiguity]

Caladonian

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Quote from: kurian on August 16, 2018, 01:36:48 AM

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.

No questions about that, from any other form of strategy chances of hitting your luck will permits you to win from your gambling activity while greediness will place you in your danger zone while possibly you lose everything you have when the red ones strikes, remember that it's depend from each types of gamblers to take advantages from any working strategy that they have and gain profits.

kurian

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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.

Quidat

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Quote from: Betwrong on August 15, 2018, 06:45:13 AM

Martingale works fine until it doesn't and you lose all your balance with unexpected additional reds. Nevertheless, all of us try this strategy from to time because with small amount of bets and sufficient bankroll it works mostly. But you should never overuse it because with thousands of bets made the probability of hitting a really long losing streak increases. Also keep in mind that it is not improbable to hit that streak from your very first bets. Once I won 750k sats in an hour doing 2x martingale on a dice site, but in other days I was losing with it, and I can say that my overall profit from using martingale is negative.

This is actually the fact and it had been said for a thousand times that martingale wont really be effective anytime because sooner or later it will bust you out even no matter how big your bank roll is. There are really times that it will really give you out confidence when you do see that you are profiting but as being said not all the times you would be profitable because losing streak can possibly occur anytime which will turn those profits into a thin air in an instant.

Sukut

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Quote from: CryptoProphet on February 22, 2018, 12:49:35 AM

Hi,
I try to play on http://oddevenbets.com

I want try martingale strategy now..

My next 10 bets!
Great result, 7 win, 3 lose Grin

Look this! Martingale works fine Grin

10 bets? Ya fuck long run shit. Cheesy

who cares, 10 is a good sample size.

Betwrong

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I stand with Ukraine.

Martingale works fine until it doesn't and you lose all your balance with unexpected additional reds. Nevertheless, all of us try this strategy from to time because with small amount of bets and sufficient bankroll it works mostly. But you should never overuse it because with thousands of bets made the probability of hitting a really long losing streak increases. Also keep in mind that it is not improbable to hit that streak from your very first bets. Once I won 750k sats in an hour doing 2x martingale on a dice site, but in other days I was losing with it, and I can say that my overall profit from using martingale is negative.

reactorjuno

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Quote from: Bitcotalk on July 17, 2018, 02:57:36 AM

Mathematically speaking martingale will keep you winning for a long time, unless you get a big bad streak right at the beginning. I remember a time where I had a winning streak of 2 months I literally paid bunch of stuff with the winning.

Of course that was until the inevitable loss streak and I have lost everything. I had a 17!! loss streak, which at the time I tought was impossible to lose 17 in a row. I managed to do it and now I am only doing half and half and keep doing it with same amount, will I be lucky or not depends on the games.

I would not call a 2 months streak a "long" winning period. If you are careful it's possible to have a 12 month winning period. Had two positive years in the past (2014 and 2017), ended up losing all the following year of course Cheesy

Bitcotalk

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Mathematically speaking martingale will keep you winning for a long time, unless you get a big bad streak right at the beginning. I remember a time where I had a winning streak of 2 months I literally paid bunch of stuff with the winning.

Of course that was until the inevitable loss streak and I have lost everything. I had a 17!! loss streak, which at the time I tought was impossible to lose 17 in a row. I managed to do it and now I am only doing half and half and keep doing it with same amount, will I be lucky or not depends on the games.

marsmyname

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Quote from: ethereumhunter on July 06, 2018, 10:06:54 PM

Quote from: francesyrus on July 06, 2018, 06:06:19 PM

Yeah martingale is the best method to win in a dice game site, but always make sure you stop everytime you win already because time will come your profit and bankroll will be eaten by house edge. By the way congrats on your winnings and have more luck to come.

with the best method and of course, with having a luck, you can win in any of gambling games so you can win the money. and I see that he can win a nice winning in a dice game. but he needs to always remember that he doesn't have to play for a long time and he should know when the time to stop the games and get the money. and if he cannot do this then he needs to know that his chance of getting lost is wide open.

I have been here for long time and seeing these posts, one thing I just get. You all know the consequences of gambling and you all know you would be getting huge losses here. But you are only depending on luck. You don’t know whether you are lucky today or not and you just get in this game and lose big values and numbers and then regret over your lifetime and ruining your lives.

sana54210

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Quote from: Shinpako09 on July 05, 2018, 09:06:56 AM

Quote from: kurian on July 05, 2018, 08:17:02 AM

Martingale is not a safe strategy. You would bust all your balance in no time. When i started gambling, Martingale was my favorite strategy but, it didn't last for long. You won big because luck was on your side. My suggestion is to try some other strategies too. Martingale is good for a start, the longer you play there would be more losing streaks. If you don't have a big balance to cover the losses then, it'll end up busting all your money.

Gamblers also called martingale as martinfail. Agreed with that, martingale is only good at the start followed by red streak that will turn your balance into zero, just like that. Those long time gambler, only few used that strategy now. Mostly newbie used it.

Either you call it this name or that name, results can’t be concealed. No body have got satisfaction with this gambling. Anyone who was the expert gambler of his time, that was good only for that time only. And now he is advising people not to come here in this game because this is fatal. People have lost their lives and kids and houses and everything they had just because of its addiction.

Topic: Martingale for win, my own experience - page 2. (Read 1185 times)