Pages:
Author

Topic: Martingale revisited - page 3. (Read 2536 times)

hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
May 01, 2020, 12:41:02 PM
Some fellas here reported that you could squeeze around 8 bets per second at Bitsler (or some other casino, don't remember which exactly), but I don't think you would be able to get more than 10 bets a second via web interface. With API things may be different, though I didn't try that route
8 bets per second is decent, but I have heard about certain sites that actually offer way faster speeds(100 per sec etc) though majority of those sites turned out to be scams.

Sites like Luckygames, 999dice and Duckdice provide crazy betting speeds based on my research, but all 3 of them have scammed their customers. Am waiting for a site that offers crazy speeds along with a low min bet like Wolf.bet.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
May 01, 2020, 08:00:03 AM
The minimum bet amount at wolf.bet is indeed 0.00000001 doges, but it doesn't in the least follow that you are somehow forced to use it as your base bet amount. You can use whatever you like up to the highest possible bet at 8M doges, with a max win limit set at 2M doges (last time I checked).
This is easily one of the best gambling threads in this forum in my opinion though I thought it was dead in 2019. Good to see it alive again

Martingale is never gonna die, so this thread will continue to rise from the dead periodically

Coming to the topic itself, the base bet with Dogecoin in Wolf.bet could probably survive a 30+ losing streak, but there is no point since the amount earned is negligible

That depends on your appetite

If we are able to earn like 10% on a month-to-month basis, this could be considered a good result if you ask me. Well, it may be a bad idea to think of this endeavor as an investment of sorts in the first place, but if you are looking for fun and excitement mostly, i.e. what everyone should be looking for in gambling, it may be worth your time and effort after all

The only way this would be profitable is if we could place 100 bets per second or something. Does Wolf.bet offer such insane speeds? If not, is there an alternative?

Actually, I have already asked a similar question in another topic. Some fellas here reported that you could squeeze around 8 bets per second at Bitsler (or some other casino, don't remember which exactly), but I don't think you would be able to get more than 10 bets a second via web interface. With API things may be different, though I didn't try that route
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
May 01, 2020, 06:31:43 AM
The minimum bet amount at wolf.bet is indeed 0.00000001 doges, but it doesn't in the least follow that you are somehow forced to use it as your base bet amount. You can use whatever you like up to the highest possible bet at 8M doges, with a max win limit set at 2M doges (last time I checked).
This is easily one of the best gambling threads in this forum in my opinion though I thought it was dead in 2019. Good to see it alive again.

Coming to the topic itself, the base bet with Dogecoin in Wolf.bet could probably survive a 30+ losing streak, but there is no point since the amount earned is negligible.

The only way this would be profitable is if we could place 100 bets per second or something. Does Wolf.bet offer such insane speeds? If not, is there an alternative?
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
May 01, 2020, 05:39:48 AM
Thanks for sharing your suggestion, I was also looking for the high limit martingale gambling platform with proper money management. Unfortunately, the 0.nDOGEcoin will not be the best bet as a starting balance and the real use of these limits will be in purpose of demo betting. On every ladder of martingale, the winning amount will stay same and this amount is tooo small for making proper analysis which will be useful for increasing the bet amount.

It seems that you have misunderstood something here

The minimum bet amount at wolf.bet is indeed 0.00000001 doges, but it doesn't in the least follow that you are somehow forced to use it as your base bet amount. You can use whatever you like up to the highest possible bet at 8M doges, with a max win limit set at 2M doges (last time I checked). Whether the winning amount should stay the same at each step or otherwise is entirely up to you. But personally, I tend to think that using martingale in this manner would be an exercise in stupidity and futility (no offense intended)
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
May 01, 2020, 04:40:59 AM
Technically, you don't even need to read anything at all there. Just browse the last few pages and look for the screenshots I posted reflecting the milestones of my martingale journey. I started with free dogecoins, which are available through the 7-day streak faucet at wolf.bet, and earned around 100 dollars in total

I can't actually say that it was a risk-free strategy at first as I was on the verge of busting a couple of times, but then, as my profits grew, I became more and conservative as well as risk-aware. Since I was running autobet, the time was a non-issue obviously, even though I was taking a peek at how things were going on there now and then

But I still ended up reading most of it after you mentioned there were screenshots of your results. it was an interesting and great thread and I learned a lot. I'm glad you had a successful experiment. is there a chance that you might do this again on a different altcoin? also, it's such a shame that crypto-games only allow 1 dogecoin as the minimum bet. it would have been interesting to see how much difference the outcome might have been

At wolf.bet the minimum bet amount is 0.00000001 doges (I hope I didn't miss a couple of zeroes)

That's why it is one of the best casinos to implement a properly balanced martingale setup, apart from a pretty impressive betting speed there (which is another important factor for autobet). Other than that, it doesn't really matter what coin you are going to use as long as the following conditions are met

First, your minimum bet should be small enough to allow for long losing streaks without draining your balance completely dry. Second, the maximum bet (profit) amount should also be high enough and for exactly the same reason. In other words, you should be able to realize, utilize and enjoy the full potential of your martingale "recipe"
Thanks for sharing your suggestion, I was also looking for the high limit martingale gambling platform with proper money management. Unfortunately, the 0.nDOGEcoin will not be the best bet as a starting balance and the real use of these limits will be in purpose of demo betting. On every ladder of martingale, the winning amount will stay same and this amount is tooo small for making proper analysis which will be useful for increasing the bet amount.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
May 01, 2020, 03:44:01 AM
Technically, you don't even need to read anything at all there. Just browse the last few pages and look for the screenshots I posted reflecting the milestones of my martingale journey. I started with free dogecoins, which are available through the 7-day streak faucet at wolf.bet, and earned around 100 dollars in total

I can't actually say that it was a risk-free strategy at first as I was on the verge of busting a couple of times, but then, as my profits grew, I became more and conservative as well as risk-aware. Since I was running autobet, the time was a non-issue obviously, even though I was taking a peek at how things were going on there now and then

But I still ended up reading most of it after you mentioned there were screenshots of your results. it was an interesting and great thread and I learned a lot. I'm glad you had a successful experiment. is there a chance that you might do this again on a different altcoin? also, it's such a shame that crypto-games only allow 1 dogecoin as the minimum bet. it would have been interesting to see how much difference the outcome might have been

At wolf.bet the minimum bet amount is 0.00000001 doges (I hope I didn't miss a couple of zeroes)

That's why it is one of the best casinos to implement a properly balanced martingale setup, apart from a pretty impressive betting speed there (which is another important factor for autobet). Other than that, it doesn't really matter what coin you are going to use as long as the following conditions are met

First, your minimum bet should be small enough to allow for long losing streaks without draining your balance completely dry. Second, the maximum bet (profit) amount should also be high enough and for exactly the same reason. In other words, you should be able to realize, utilize and enjoy the full potential of your martingale "recipe"
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
December 29, 2019, 04:26:16 AM
Edit: Hence, it better for the casino to let it be, there is winner, and the winner is a case study to prove that their system is fair

They couldn't care less

They care about only their own skin in the game (read, their profits). If you decide to publish your code and it is really worth it so that many casinos have to ban such smart users (read, ruin their reputation), they still wouldn't give a slightest fuck about that. The reason is quite simple. They are already doing all that nasty stuff you mention anyway (exploit of a bug, abuse of something, not complying to T&C, refusing to KYC, or anything to that tune) and for just lucky users who chanced to win big, not someone making use of the martingale system in a really smart way
jr. member
Activity: 225
Merit: 4
December 29, 2019, 01:15:05 AM
I have a key stat which is the rate of earning per total wagered amount (currently at 8%+), as long as i keep it higher than the house edge, the final result should come out possitive since a common house edge is 1% the casino is expected to earn from me 1% of wagered amount, however since my rate is 8%, there is still a big gap of 7% so that the house edge can't eat my capital+ earning (unless the casino decided to raise it house edge to above 8% which is likely a NEVER happening thing)

All good but be aware that you are supposed to lose

I mean the casino expects you to lose eventually. If, on the other hand, you are not losing and going on, actually sucking in money from the casino instead, they may not quite like it. As long as the amount thus lost by the casino is not great, they may turn a blind eye to your actions as other people trying to follow the approaches described in this thread could compensate for the casino loss through their own loses. However, if you are winning big, don't be surprised to get kicked out at the end of the day, and probably not in the way you may like it or at least find acceptable and appropriate (read, prepare yourself for really ugly and nasty things)

Yeah, that's the major problem but I don't worry too much since that will just prove the fact that there is a way to win and really is. The casino might one day ban me for being winning too much with a common reason that people would believe such as exploit of bug, abuse of something, not complying to T&C or any kind of things related. However that would be also a draw back since the method is kept secret but then I might getting mad and publish it, include the open source code to Github for other experts to come and verify....once it is verified and users are jumping into it the end of the casino is set up.

Edit: Hence, it better for the casino to let it be, there is winner, and the winner is a case study to prove that their system is fair.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
December 27, 2019, 01:17:14 AM
I have a key stat which is the rate of earning per total wagered amount (currently at 8%+), as long as i keep it higher than the house edge, the final result should come out possitive since a common house edge is 1% the casino is expected to earn from me 1% of wagered amount, however since my rate is 8%, there is still a big gap of 7% so that the house edge can't eat my capital+ earning (unless the casino decided to raise it house edge to above 8% which is likely a NEVER happening thing)

All good but be aware that you are supposed to lose

I mean the casino expects you to lose eventually. If, on the other hand, you are not losing and going on, actually sucking in money from the casino instead, they may not quite like it. As long as the amount thus lost by the casino is not great, they may turn a blind eye to your actions as other people trying to follow the approaches described in this thread could compensate for the casino loss through their own loses. However, if you are winning big, don't be surprised to get kicked out at the end of the day, and probably not in the way you may like it or at least find acceptable and appropriate (read, prepare yourself for really ugly and nasty things)

Yeah that's true that always be the case  Cheesy as long as the house is not losing a lot, they will let you win and make you feel you are having your lucky day, but expect them to get back at you at any point of time, maybe tomorrow maybe the next day, they are not in a hurry to make profit out of you, but they always will

And what's the bottom line, huh?

Right, we should stay below their radar at all times, and that would probably mean spreading our operation across a few "trusted" casinos. In this way, we could squeeze the maximum amount of profits without attracting too much attention lest we get kicked out. I would consider it an entirely new level at building our gambling empire. Now that we have beaten the house, it's time to beat the entire gambling industry
sr. member
Activity: 2030
Merit: 269
December 26, 2019, 09:46:26 AM
I have a key stat which is the rate of earning per total wagered amount (currently at 8%+), as long as i keep it higher than the house edge, the final result should come out possitive since a common house edge is 1% the casino is expected to earn from me 1% of wagered amount, however since my rate is 8%, there is still a big gap of 7% so that the house edge can't eat my capital+ earning (unless the casino decided to raise it house edge to above 8% which is likely a NEVER happening thing)

All good but be aware that you are supposed to lose

I mean the casino expects you to lose eventually. If, on the other hand, you are not losing and going on, actually sucking in money from the casino instead, they may not quite like it. As long as the amount thus lost by the casino is not great, they may turn a blind eye to your actions as other people trying to follow the approaches described in this thread could compensate for the casino loss through their own loses. However, if you are winning big, don't be surprised to get kicked out at the end of the day, and probably not in the way you may like it or at least find acceptable and appropriate (read, prepare yourself for really ugly and nasty things)

Yeah that's true that always be the case  Cheesy as long as the house is not losing a lot, they will let you win and make you feel you are having your lucky day, but expect them to get back at you at any point of time, maybe tomorrow maybe the next day, they are not in a hurry to make profit out of you, but they always will.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
December 26, 2019, 07:29:36 AM
I have a key stat which is the rate of earning per total wagered amount (currently at 8%+), as long as i keep it higher than the house edge, the final result should come out possitive since a common house edge is 1% the casino is expected to earn from me 1% of wagered amount, however since my rate is 8%, there is still a big gap of 7% so that the house edge can't eat my capital+ earning (unless the casino decided to raise it house edge to above 8% which is likely a NEVER happening thing)

All good but be aware that you are supposed to lose

I mean the casino expects you to lose eventually. If, on the other hand, you are not losing and going on, actually sucking in money from the casino instead, they may not quite like it. As long as the amount thus lost by the casino is not great, they may turn a blind eye to your actions as other people trying to follow the approaches described in this thread could compensate for the casino loss through their own loses. However, if you are winning big, don't be surprised to get kicked out at the end of the day, and probably not in the way you may like it or at least find acceptable and appropriate (read, prepare yourself for really ugly and nasty things)
jr. member
Activity: 225
Merit: 4
December 26, 2019, 01:21:12 AM
Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.

That's because you follow the major, what I can tell is it work, just don't be greedy and be persistence.

FYI: https://imgur.com/Zec47lS

Greed and impatience are killing the wannabe martingalers

Anyone seriously considering using martingale should honestly ask themselves what they are actually looking for. Martingale is a long-distance journey which requires a great deal of patience. In simple terms, it is not a hit-and-run strategy, so if you are greedy and impatient (apart from lacking an ability to correctly assess your chances to stay in the game), this approach is probably not your thing

Guess the most users thinks the profit goes to slow and start playing to big compared with their balance.

That's the major issue of why most of the players are losing, to success the player must have enough patient and perisistence. With some programming skill anyone can make a betting strategy that fit them in which they will not lose in a specific time frame, the thing is how each of the players define that time frame. I personally bind it to the bet count, in which current target is not losing after 500,000,000 bets and to translate it to actual time required 500,000,000 / 4 / 3600 / 24 = 1446 days (where 4 is the desired bet per second according to my network connection speed to the casino site), long enough to enjoy the game, and who know by that time, the earning during the process can help to last longer (aka ability to beat a bigger losing streak that is unlikely to occur). There is an important key measure is the "earning speed" in which if you can earn fast enough in a given time frame so that in the event of an extremely rare losing streak occur the earning + initial capital is large enough to help to beat that rare losing streak. I have a key stat which is the rate of earning per total wagered amount (currently at 8%+), as long as i keep it higher than the house edge, the final result should come out possitive since a common house edge is 1% the casino is expected to earn from me 1% of wagered amount, however since my rate is 8%, there is still a big gap of 7% so that the house edge can't eat my capital+ earning (unless the casino decided to raise it house edge to above 8% which is likely a NEVER happening thing).



hero member
Activity: 1372
Merit: 512
December 15, 2019, 12:54:57 PM
Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.

That's because you follow the major, what I can tell is it work, just don't be greedy and be persistence.

FYI: https://imgur.com/Zec47lS

Greed and impatience are killing the wannabe martingalers

Anyone seriously considering using martingale should honestly ask themselves what they are actually looking for. Martingale is a long-distance journey which requires a great deal of patience. In simple terms, it is not a hit-and-run strategy, so if you are greedy and impatient (apart from lacking an ability to correctly assess your chances to stay in the game), this approach is probably not your thing

Guess the most users thinks the profit goes to slow and start playing to big compared with their balance.
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
December 15, 2019, 02:44:34 AM
Anyone seriously considering using martingale should honestly ask themselves what they are actually looking for. Martingale is a long-distance journey which requires a great deal of patience. In simple terms, it is not a hit-and-run strategy, so if you are greedy and impatient (apart from lacking an ability to correctly assess your chances to stay in the game), this approach is probably not your thing
I agree. Martingale does work in the short term and can even work in the long term if implemented in a smart manner through various tweaks. This strategy will never provide a 100% win rate due to the HE, but it can help you come out on top overall.

So many people tend to underestimate how powerful this strategy truly is if coupled with tweaks. Progression strategies like Martingale are meant to help gamblers use their bankroll smartly though tweaks are necessary.
jr. member
Activity: 225
Merit: 4
December 13, 2019, 05:30:47 AM

docthsinh also have point, but I think it will also differ on how you do it your martingale strategy. I saw some different martingale strategy online, like they modified it or have some tweaks, but I still keep losing, lol.

Btw,  V1saya, can you share what kind of martingale you using or how it works?

FYI a certain thing is what every strategy posted online will not work for your case. Simple thinking is that why would one would publish it for everyone to benefit from. As for my case I wrote a program my own, implement logics and calculations my own which is unique, and to tell that would it ever be published then the answer is no unless i can find a way to bind it to my benefit and also need to limit the spreading of it.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
December 13, 2019, 04:07:20 AM
Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.

That's because you follow the major, what I can tell is it work, just don't be greedy and be persistence.

FYI: https://imgur.com/Zec47lS

Greed and impatience are killing the wannabe martingalers

Anyone seriously considering using martingale should honestly ask themselves what they are actually looking for. Martingale is a long-distance journey which requires a great deal of patience. In simple terms, it is not a hit-and-run strategy, so if you are greedy and impatient (apart from lacking an ability to correctly assess your chances to stay in the game), this approach is probably not your thing
legendary
Activity: 2338
Merit: 1354
December 12, 2019, 05:40:11 PM
Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.

That's because you follow the major, what I can tell is it work, just don't be greedy and be persistence.

FYI: https://imgur.com/Zec47lS

It's currently passed 50 million bets mark and is this a non work case?, and if you are still around i will show you once it get to 100m mark and still in bigger profit.
docthsinh also have point, but I think it will also differ on how you do it your martingale strategy. I saw some different martingale strategy online, like they modified it or have some tweaks, but I still keep losing, lol.

Btw,  V1saya, can you share what kind of martingale you using or how it works?
jr. member
Activity: 225
Merit: 4
December 12, 2019, 03:51:16 PM
Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.

That's because you follow the major, what I can tell is it work, just don't be greedy and be persistence.

FYI: https://imgur.com/Zec47lS

It's currently passed 50 million bets mark and is this a non work case?, and if you are still around i will show you once it get to 100m mark and still in bigger profit.
hero member
Activity: 1050
Merit: 508
December 12, 2019, 08:21:42 AM
Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.
legendary
Activity: 2716
Merit: 1017
Join the world-leading crypto sportsbook NOW!
December 12, 2019, 08:18:04 AM
Hi just want to share my experience.  Grin

Martingale strategy works for me, but not in a dice game, it works for me in a crash game where every player is against the house. At first, I am afraid to use this strategy because I will likely to lose in the long term. But surprisingly, I won and tripled my money, so I cash out my winnings and return to my base capital. The losing streak is just hitting the maximum of 8, after that, it will automatically win. That's what happens to me until now I am using it, maybe after I got emptied, I will stop on betting on that site, but yeah, it's a win for me.
I don't think it works on the Crash game because using that strategy is the same when you play the Dice game and others. You are only lucky in that game, I don't know how you play but if you play in each round you can lose 8 times in a row, it is not guaranteed after waiting 8 times losing streak on the next bet you will win, the chance of losing still exists even more than that.
Pages:
Jump to: