Topic: Martingale isn't that bad - page 3. (Read 2000 times)
martangle startagy is good but had some errors i am working on it
thats the problem with martaingale. it lulls you into believing that it is a winning stratagey and makes you think of the endless amounts of bitcoins you can earn. Thats all great until that run of 14 reds come out and your bankroll is gone. I believe it does work in the short run, atleast for me it does. But once you to get to where you are making 100000 rolls the chances of losing it all are getting bigger, you keep going it will happen.
I don't know about that. I think mostly you get lucky and you feel that a certain strategy worked. I had quite a bad luck this week, lost about 0.3 BTC playing roulette and dice with Martingay.
Am I right that when I want to make 1 btc profit from eg. 7 btc it is better to start doing this with a martingale strategy from 1 btc instead of going all in on a lower odd to earn this. Since with this strategy you wager on average less (1, 3 or 7 btc) than with the all-in strategy (7btc) I should on average lose less so I should have a higher chance making 8 btc from 7 btc using martingale than from an all-in bet?
Martingale isn't that bad if you (for example) start with ~0.03 BTC and treat it like 3 Million units.
Betting small amounts you can have winning streaks that last over 8 to 10 days, just make sure the effort is worth your time (and money if you lose)
I started with a .1BTC bank roll and with the power of martingale
Congrats, you got good luck. 0.1btc to 1+ btc, that's very nice profit.
Martingale system working when someone has good luck and big bankroll. Don't forget risk and bankroll management, when you loses in a row just stop and withdraw.
If you lose one time, it always happened, no matter how less chance it is, you may lost all your money. Martingale strategy doesn't work all the times.
I started with a .1BTC bank roll and with the power of martingale
TBH, you could've also lost all of that in a series of losses. Martingale always make you feel good because you think you have a winning strategy when in fact all it does is convince you to keep playing until you lose it all. That's why it's so profitable to run a large dice site (and why Stunna can lose 200 BTC due to exploits without blinking an eye).
I think all methods and strategies can lead to a series of losses. I'm just pointing out that martingale and like all other strategies have no differences.
edit*
Its about knowing when to stop, when you hit your target profit.
I started with a .1BTC bank roll and with the power of martingale
TBH, you could've also lost all of that in a series of losses. Martingale always make you feel good because you think you have a winning strategy when in fact all it does is convince you to keep playing until you lose it all. That's why it's so profitable to run a large dice site (and why Stunna can lose 200 BTC due to exploits without blinking an eye).
I started with a .1BTC bank roll and with the power of martingale
from my own personal experiece, martingale isnt bad really, i sometimes use martingale and i profit most of the time. i think it only depends on how you control your betting, just dont go to "waiting the red streaks to come".. if you know what i mean 
not bad... is so how much has anyone won from ding this long term.
if you have 1000BTC bankroll and you have only 1satoshi as base bet then you can win with martingale 
how could anyone willing to waste the time only for 1 satoshi if he had 1kbtc
if you have 1000BTC bankroll and you have only 1satoshi as base bet then you can win with martingale
martingale sucks, never using method like this again, no matter how much of bitcoin which i had always gone when using this method .. martingale can only be done on sports betting
its not bad? well that depends all on the bankroll you have.. if you keep doubling you`ll bound to lose.
Someone checked, that you can lose up to 32 times in a row, so count how much you need to protect such a strategy .. The truth is that there is no 100% strategy to win. It is just luck 
..Which I don't have
..Which I don't have
martingale is not a bad strategy in ideal conditions, but if you have the house edge and a limited bank( it has to be really big related to your bets) you will finish losing you whole bank. If you think it is a win strategy,go and try it,and come to tell us your results
felt bored and calculated it
so imagine you have 7 btc and want to make it 8 btc and there is a house edge of 2%
chance you'll be able to do this with martingale is 86.375%
chance you'll be able to do this with a bet of 7 btc is 85.75%
just a difference for exactly the same outcome
so theres just no point to gamble small bets and waste your time on it. just do one bet and thats it so imagine you have 7 btc and want to make it 8 btc and there is a house edge of 2%
chance you'll be able to do this with martingale is 86.375%
chance you'll be able to do this with a bet of 7 btc is 85.75%
just a difference for exactly the same outcome
felt bored and calculated it
so imagine you have 7 btc and want to make it 8 btc and there is a house edge of 2%
chance you'll be able to do this with martingale is 86.375%
chance you'll be able to do this with a bet of 7 btc is 85.75%
just a difference for exactly the same outcome
so imagine you have 7 btc and want to make it 8 btc and there is a house edge of 2%
chance you'll be able to do this with martingale is 86.375%
chance you'll be able to do this with a bet of 7 btc is 85.75%
just a difference for exactly the same outcome
Am I right that when I want to make 1 btc profit from eg. 7 btc it is better to start doing this with a martingale strategy from 1 btc instead of going all in on a lower odd to earn this. Since with this strategy you wager on average less (1, 3 or 7 btc) than with the all-in strategy (7btc) I should on average lose less so I should have a higher chance making 8 btc from 7 btc using martingale than from an all-in bet?
With a fixed house edge, yes, you are better to martingale. Your expected losses are based on how much you wager, and done properly a martingale will greatly reduce the amount you wager compared to an all-in bet, and thus improve your chances of winning.
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