Martingale strategy in casinos | Bitcointalksearch.org

LUCKMCFLY

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Quote from: Fredomago on May 10, 2023, 05:06:59 PM

Quote from: LUCKMCFLY on May 06, 2023, 12:26:48 AM

The martingala strategy is a very risky way of betting, I personally do not recommend it because it is losing money very quickly and it is not worth doing, you always have to try to save money to spend it wisely and not with emotions or adrenaline, because if the money runs out there is no game, and if there is no game there is no fun, that is something we must understand, for this reason I do not recommend the martingale, I have used it many times , but you always end up losing.

If you will not limit yourself, then for sure in the long run you will end up losing your money, martingale can work if you are lucky and you are wise to quit while you still have some winnings, but if you will push your luck and try to add more with your earnings, the sure thing that will happen is you will lose everything in your wallet.

Unless you are really lucky and that winning streak extends to the point where you are really satisfied and willing to quit your way
to enjoy with the money that you've got.

Yes, obviously the Martingale strategy is not the only solution, but as for some players they still believe deeply in the strategy and that is the reason why the casinos are such a profitable business, they let themselves be carried away by emotions, adrenaline , all this makes things go another way and now, I do not think that things could be so bad, because it is specifically known that many players who take care of their money do not apply this strategy, they bet very little and make their money It is seen as available balance, so these are issues that one should see what each player thinks, unlike casinos, there are some strategies that use the martingale in trading, but I don't know how well they do at it.

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Quote from: adzino on May 27, 2023, 12:12:21 PM

Martingale strategy, where you double-down to cover your losses... It might work in the short term, but remember, you are gambling, and there is no such strategy that would guarantee you profit. The idea that you can keep doubling your bet until you win, and eventually recover your losses sounds good, right? But remember, casinos have a house edge which always helps the casino to win in the long run. And also your wallet doesn't come with infinite funds. So when you keep on losing, you will keep on doubling your bet and eventually will get cleaned real quick.

In the short run we should stop when it is successful. We shouldn't try to use the same strategy further. Martingale strategy brings win, but the risk we take is really big. So, to certain extent it can be tried. Beyond we should be careful handling our funds.

Whether you follow any strategy or you simply gamble, in all means luck is the primary factor. If you're lucky you'll be winning big, if not you're gonna loss. Martingale strategy have got the ability to bring big profit out of small amount, but the loss too happen within few rolls.

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Martingale strategy, where you double-down to cover your losses... It might work in the short term, but remember, you are gambling, and there is no such strategy that would guarantee you profit. The idea that you can keep doubling your bet until you win, and eventually recover your losses sounds good, right? But remember, casinos have a house edge which always helps the casino to win in the long run. And also your wallet doesn't come with infinite funds. So when you keep on losing, you will keep on doubling your bet and eventually will get cleaned real quick.

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Quote from: n0ne on May 26, 2023, 09:52:14 AM

Martingale strategy is something that is being known to most of the gamblers. The success of the strategy is simply low and it is high risky when we don't have big fund to spend. Just think of the situation, you spend $1, and the bet is lost, in the second bet to get back the loss you increase the bet to $2. Here if won you'll get the lost $1 along with $1 as profit. If the bet is lost you'll go for $4 bet where you'll get $3 along with $1 as profit. For mere profit what we risk will be very high. Rather than risking it is always good to go with a bet, if won just try to spend the profit on next bet and not the capital.

Most gamblers always use this strategy because this strategy is easy to use and is also spread everywhere so that many beginners who become gamblers always use this strategy the same as I sometimes use this strategy too, in fact this strategy can be used to earn money as long as we can control ourselves and consistent with the winning target we want to achieve, sometimes when we feel dissatisfied, that's when we will lose in a row and spend our money.

I've tried this and target wins like $10 per day for example so consistently I will stop playing when I get $10, but besides that I also limit losses, when I lose $10 I will stop playing to limit it, gamble if we can't control ourselves it will be difficult to win it, victory is not only measured by the amount of money earned but being able to fight our passions and being able to control our emotions when gambling.

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Quote from: n0ne on May 26, 2023, 09:52:14 AM

Martingale strategy is something that is being known to most of the gamblers. The success of the strategy is simply low and it is high risky when we don't have big fund to spend. Just think of the situation, you spend $1, and the bet is lost, in the second bet to get back the loss you increase the bet to $2. Here if won you'll get the lost $1 along with $1 as profit. If the bet is lost you'll go for $4 bet where you'll get $3 along with $1 as profit. For mere profit what we risk will be very high. Rather than risking it is always good to go with a bet, if won just try to spend the profit on next bet and not the capital.

It's a high risk strategy and you need to have a deep pocket, just like when someone posted above, it might take 1 BTC to run this and you don't know if you are going to be successful or not as it is based on pure luck.

And worst case scenarios, is that you suffered consecutive losses and there's no way that you can recover back unless you pull another 1 BTC from your pocket. So the question is, will you take that chance? or will just play conservatively and just enjoy the game without really chasing for the big win.

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Quote from: len01 on May 26, 2023, 01:51:48 PM

Quote from: n0ne on May 26, 2023, 09:52:14 AM

Martingale strategy is something that is being known to most of the gamblers. The success of the strategy is simply low and it is high risky when we don't have big fund to spend. Just think of the situation, you spend $1, and the bet is lost, in the second bet to get back the loss you increase the bet to $2. Here if won you'll get the lost $1 along with $1 as profit. If the bet is lost you'll go for $4 bet where you'll get $3 along with $1 as profit. For mere profit what we risk will be very high. Rather than risking it is always good to go with a bet, if won just try to spend the profit on next bet and not the capital.

what is certain is that the martingale strategy will fail to be used for gambling even though people say that martingale will succeed if you have unlimited money but in the end it will also fail. for me it is absolutely impossible to use the martingale strategy which in the end will only drain the betting budget faster and not be able to enjoy every betting session.
maybe new gamblers who are just getting to know martingale think it is very profitable even though they don't know that the martingale strategy will only work if it becomes part of their kaisno or bookies.

The reason why you can still lose even you have higher supply is the limit that the house will only allow you to bet, it's another advantage from the house in which you have certain limitations, if you suffer from huge losing streak there's an amount that you can proceed to double your bets but once you already on the accepted pick then you will start back or it will not allow you to exceed from it.

All of the sudden those huge amounts of capital will still lose along the way, unless luck will come up and you are good at controlling yourself to allow taking decent money from the house.

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Quote from: len01 on May 26, 2023, 01:51:48 PM

Quote from: n0ne on May 26, 2023, 09:52:14 AM

Martingale strategy is something that is being known to most of the gamblers. The success of the strategy is simply low and it is high risky when we don't have big fund to spend. Just think of the situation, you spend $1, and the bet is lost, in the second bet to get back the loss you increase the bet to $2. Here if won you'll get the lost $1 along with $1 as profit. If the bet is lost you'll go for $4 bet where you'll get $3 along with $1 as profit. For mere profit what we risk will be very high. Rather than risking it is always good to go with a bet, if won just try to spend the profit on next bet and not the capital.

what is certain is that the martingale strategy will fail to be used for gambling even though people say that martingale will succeed if you have unlimited money but in the end it will also fail. for me it is absolutely impossible to use the martingale strategy which in the end will only drain the betting budget faster and not be able to enjoy every betting session.
maybe new gamblers who are just getting to know martingale think it is very profitable even though they don't know that the martingale strategy will only work if it becomes part of their kaisno or bookies.

I have been reading a lot lately about this first strategy in gambling as Martingale is one of the oldest one in gambling and I follow and read news about sport betting predictions,prediction websites,use freely available info to help me bet a bit better and I have been thinking,what if I can be patient enough to increase my base bet every time I lose a bet and the odd to be 2.50 for the games I would try,even the odd of 2.00 would work but anyway you get the idea.After thinking a lot though I have seen that many casinos have put in place betting limits which make Martingale void as a strategy even in sport betting,so not worth our time anymore.

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Quote from: Eternad on May 26, 2023, 11:29:20 AM

Quote from: tusandii on May 26, 2023, 11:24:34 AM

Quote from: n0ne on May 26, 2023, 09:52:14 AM

Martingale strategy is something that is being known to most of the gamblers. The success of the strategy is simply low and it is high risky when we don't have big fund to spend. Just think of the situation, you spend $1, and the bet is lost, in the second bet to get back the loss you increase the bet to $2. Here if won you'll get the lost $1 along with $1 as profit. If the bet is lost you'll go for $4 bet where you'll get $3 along with $1 as profit. For mere profit what we risk will be very high. Rather than risking it is always good to go with a bet, if won just try to spend the profit on next bet and not the capital.

The martingale strategy is not recommended for trial purposes because of the large risks and with this strategy it is usually used by gamblers who have large amounts of money so that martingale can be used correctly.
Regarding risk, everything involved in gambling has a risk, the only difference is the size of the risk of losing some money.
When I have more money I sometimes use this strategy but if my funds are a little better to gamble normally with less risk.

You can always start on the minimum bet so that your bankroll can withstand a long lose streak. This is really risky if hit lose streak in the early stage of your gambling session but you can also have a huge early profit if you manage to consistently win before the long lose streak occurs. The idea of this strategy is to play as quickly as possible to earn early profit and cash out before the house tanks your bankroll. The longer you play in the casino makes you more exposed to lose due to the house edge and human error.

The risk of using martingale strategy is much more bearable than the risk of being impatient for a very long game that always end up on poor decision making in terms of betting strategy.

What you say is true and I have done this when using the martingale strategy.
In my previous response, I also said the same thing as you, because if you can get a win at the beginning, it will provide a big enough profit so that we can leave the game and move on to another game so that what we get doesn't run out along with all the capital.

Yes, that's true and everything also affects luck because if we are lucky, then with just 2 or 3 bets we can immediately get a win.

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Quote from: n0ne on May 26, 2023, 09:52:14 AM

Martingale strategy is something that is being known to most of the gamblers. The success of the strategy is simply low and it is high risky when we don't have big fund to spend. Just think of the situation, you spend $1, and the bet is lost, in the second bet to get back the loss you increase the bet to $2. Here if won you'll get the lost $1 along with $1 as profit. If the bet is lost you'll go for $4 bet where you'll get $3 along with $1 as profit. For mere profit what we risk will be very high. Rather than risking it is always good to go with a bet, if won just try to spend the profit on next bet and not the capital.

what is certain is that the martingale strategy will fail to be used for gambling even though people say that martingale will succeed if you have unlimited money but in the end it will also fail. for me it is absolutely impossible to use the martingale strategy which in the end will only drain the betting budget faster and not be able to enjoy every betting session.
maybe new gamblers who are just getting to know martingale think it is very profitable even though they don't know that the martingale strategy will only work if it becomes part of their kaisno or bookies.

Slow death

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martigale is the worst strategy, it only encourages people to run after losses and to make matters worse the person loses, but as they think that with this strategy they will eventually succeed so they continue betting using this strategy, the problem is that the person has to continue increasing the value of the bet, maybe this strategy can be good if the person is making a multibet bet and with odds above @6.00 the person could make a profit if he was able to hit a few times, but the problem with that is that in this type of bet bet the games are of great risk making it difficult for the person to get the bet right, but I saw some people who even hit the multibet with odds above @10.00 with ease

but in most of the photos I see about bets with such high odds, people put little money maybe because they have no confidence that they will hit the bet, and I very much doubt that they do martigale strategy, many people who do martigale strategy do it in games of chance that depend on luck, I have hardly seen anyone say that they do martigale in sports betting, anyway this strategy does not work in my opinion, it just leads to misfortune, it reminds me that in the past I lost all my doges coins because of martigale and auto bet

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Quote from: Aikidoka on May 26, 2023, 06:54:01 AM

The Martingale strategy isn't really bad but it is considered highly risky. I have personally tried it a few times and each time I ended up losing. When you continuously employ the Martingale strategy it becomes increasingly dangerous and you'll end up losing at the end. This strategy is implemented on most casino sites because they are aware that gamblers will eventually lose their bets at the end. While it might work for a few rounds if you have a large capital but if you become too greedy and refuse to stop you will likely experience a series of losses that will eventually lead to the complete loss of your money.

Let's assume you start with 1 BTC and apply the Martingale strategy doubling your bet each time. Here's the corrected progression:

Starting with 0.001 BTC:

0.001, 0.002, 0.004, 0.008, 0.016, 0.032, 0.064, 0.128, 0.256, 0.512, ~~1.024~~

So after your 10th loss streak, you'll lose your 1 BTC, and trust me that would happen after hours of repeating this strategy over and over again.

Your take on the Martingale scheme? Fantastic! It's risky, right? It's like a car with bad brakes. Looks fine on a Sunday drive, but let's be real, the risk of a total wreck? Massive.

Looking at probability, Martingale might seem attractive, like a solid gold deal. A streak of losses followed by a win to cover it all. Sounds great, right? But isn't it a fairy tale? Each bet is its own game, and winning or losing is a toss-up every time, right?

And those losing streaks? It's a pitfall. Stakes get higher, losses can skyrocket. Why not choose a strategy that plays it safe, gives steady, small wins? The Martingale's big dream is a win to wipe out all losses. Too hopeful? I'd say so!

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Quote from: Eternad on May 26, 2023, 11:29:20 AM

Quote from: tusandii on May 26, 2023, 11:24:34 AM

Quote from: n0ne on May 26, 2023, 09:52:14 AM

Martingale strategy is something that is being known to most of the gamblers. The success of the strategy is simply low and it is high risky when we don't have big fund to spend. Just think of the situation, you spend $1, and the bet is lost, in the second bet to get back the loss you increase the bet to $2. Here if won you'll get the lost $1 along with $1 as profit. If the bet is lost you'll go for $4 bet where you'll get $3 along with $1 as profit. For mere profit what we risk will be very high. Rather than risking it is always good to go with a bet, if won just try to spend the profit on next bet and not the capital.

The martingale strategy is not recommended for trial purposes because of the large risks and with this strategy it is usually used by gamblers who have large amounts of money so that martingale can be used correctly.
Regarding risk, everything involved in gambling has a risk, the only difference is the size of the risk of losing some money.
When I have more money I sometimes use this strategy but if my funds are a little better to gamble normally with less risk.

You can always start on the minimum bet so that your bankroll can withstand a long lose streak. This is really risky if hit lose streak in the early stage of your gambling session but you can also have a huge early profit if you manage to consistently win before the long lose streak occurs. The idea of this strategy is to play as quickly as possible to earn early profit and cash out before the house tanks your bankroll. The longer you play in the casino makes you more exposed to lose due to the house edge and human error.

The risk of using martingale strategy is much more bearable than the risk of being impatient for a very long game that always end up on poor decision making in terms of betting strategy.

Patience will kill you with this minimum bet. I tried $0.10 minimum bet and doubled my $50 capital in dice for almost a week. You can imagine how patient I was to bet manually then I started increasing my initial to $0.25 because it does look safe.

I took out my capital just incase I'd lose it all and indeed it took just several losing bets. Somehow this strat wil be good if you just have patience.

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Quote from: n0ne on May 26, 2023, 09:52:14 AM

Martingale strategy is something that is being known to most of the gamblers. The success of the strategy is simply low and it is high risky when we don't have big fund to spend. Just think of the situation, you spend $1, and the bet is lost, in the second bet to get back the loss you increase the bet to $2. Here if won you'll get the lost $1 along with $1 as profit. If the bet is lost you'll go for $4 bet where you'll get $3 along with $1 as profit. For mere profit what we risk will be very high. Rather than risking it is always good to go with a bet, if won just try to spend the profit on next bet and not the capital.

Agree, Martingale strategy is very familiar to everyone but it requires a lot of money. Many may think at first that he will apply this strategy with a small amount of money, but the large amount of money needed that will be understood only after losing a few bets. If you lose a few bets consistently you will lose a lot more. Also another thing is suppose you bet 10 usd then if you lose then you have to bet 20 usd. So that you can recover your lost money. But it seems more risky to me if the betting odds decrease further then the bet amount may increase. Those who have enough money can use this method.

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Quote from: tusandii on May 26, 2023, 11:24:34 AM

Quote from: n0ne on May 26, 2023, 09:52:14 AM

Martingale strategy is something that is being known to most of the gamblers. The success of the strategy is simply low and it is high risky when we don't have big fund to spend. Just think of the situation, you spend $1, and the bet is lost, in the second bet to get back the loss you increase the bet to $2. Here if won you'll get the lost $1 along with $1 as profit. If the bet is lost you'll go for $4 bet where you'll get $3 along with $1 as profit. For mere profit what we risk will be very high. Rather than risking it is always good to go with a bet, if won just try to spend the profit on next bet and not the capital.

The martingale strategy is not recommended for trial purposes because of the large risks and with this strategy it is usually used by gamblers who have large amounts of money so that martingale can be used correctly.
Regarding risk, everything involved in gambling has a risk, the only difference is the size of the risk of losing some money.
When I have more money I sometimes use this strategy but if my funds are a little better to gamble normally with less risk.

You can always start on the minimum bet so that your bankroll can withstand a long lose streak. This is really risky if hit lose streak in the early stage of your gambling session but you can also have a huge early profit if you manage to consistently win before the long lose streak occurs. The idea of this strategy is to play as quickly as possible to earn early profit and cash out before the house tanks your bankroll. The longer you play in the casino makes you more exposed to lose due to the house edge and human error.

The risk of using martingale strategy is much more bearable than the risk of being impatient for a very long game that always end up on poor decision making in terms of betting strategy.

tusandii

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Quote from: n0ne on May 26, 2023, 09:52:14 AM

Martingale strategy is something that is being known to most of the gamblers. The success of the strategy is simply low and it is high risky when we don't have big fund to spend. Just think of the situation, you spend $1, and the bet is lost, in the second bet to get back the loss you increase the bet to $2. Here if won you'll get the lost $1 along with $1 as profit. If the bet is lost you'll go for $4 bet where you'll get $3 along with $1 as profit. For mere profit what we risk will be very high. Rather than risking it is always good to go with a bet, if won just try to spend the profit on next bet and not the capital.

The martingale strategy is not recommended for trial purposes because of the large risks and with this strategy it is usually used by gamblers who have large amounts of money so that martingale can be used correctly.
Regarding risk, everything involved in gambling has a risk, the only difference is the size of the risk of losing some money.
When I have more money I sometimes use this strategy but if my funds are a little better to gamble normally with less risk.

n0ne

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Martingale strategy is something that is being known to most of the gamblers. The success of the strategy is simply low and it is high risky when we don't have big fund to spend. Just think of the situation, you spend $1, and the bet is lost, in the second bet to get back the loss you increase the bet to $2. Here if won you'll get the lost $1 along with $1 as profit. If the bet is lost you'll go for $4 bet where you'll get $3 along with $1 as profit. For mere profit what we risk will be very high. Rather than risking it is always good to go with a bet, if won just try to spend the profit on next bet and not the capital.

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Quote from: Aikidoka on May 26, 2023, 06:54:01 AM

The Martingale strategy isn't really bad but it is considered highly risky. I have personally tried it a few times and each time I ended up losing. When you continuously employ the Martingale strategy it becomes increasingly dangerous and you'll end up losing at the end. This strategy is implemented on most casino sites because they are aware that gamblers will eventually lose their bets at the end. While it might work for a few rounds if you have a large capital but if you become too greedy and refuse to stop you will likely experience a series of losses that will eventually lead to the complete loss of your money.

Let's assume you start with 1 BTC and apply the Martingale strategy doubling your bet each time. Here's the corrected progression:

Starting with 0.001 BTC:

0.001, 0.002, 0.004, 0.008, 0.016, 0.032, 0.064, 0.128, 0.256, 0.512, ~~1.024~~

So after your 10th loss streak, you'll lose your 1 BTC, and trust me that would happen after hours of repeating this strategy over and over again.

It will happen, and the fear of losing it is there. Martingale strategy is for those who have deep wallets only, I don't really suggest this kind of strategy to any of my friends. I always just push them to just start sports betting instead, or poker.
Now, if this will be played in dice, I have experienced so many times losing 10 streaks and worst. It's not like the system knows you are losing so many times that they will let you win one time just to get back what you have lost. Their system doesn't work like that and in fact based on my own trial and error, the higher your bet is, the higher the chances of losing too.
I've seen it in dice, slots, and especially in crash original games where if I see someone betting in large amounts, I pass one game and let them play for that round because I know the multiplied amount won't go high if they are betting that high.

piebeyb

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Quote from: Aikidoka on May 26, 2023, 06:54:01 AM

The Martingale strategy isn't really bad but it is considered highly risky. I have personally tried it a few times and each time I ended up losing. When you continuously employ the Martingale strategy it becomes increasingly dangerous and you'll end up losing at the end. This strategy is implemented on most casino sites because they are aware that gamblers will eventually lose their bets at the end. While it might work for a few rounds if you have a large capital but if you become too greedy and refuse to stop you will likely experience a series of losses that will eventually lead to the complete loss of your money.

Let's assume you start with 1 BTC and apply the Martingale strategy doubling your bet each time. Here's the corrected progression:

Starting with 0.001 BTC:

0.001, 0.002, 0.004, 0.008, 0.016, 0.032, 0.064, 0.128, 0.256, 0.512, ~~1.024~~

So after your 10th loss streak, you'll lose your 1 BTC, and trust me that would happen after hours of repeating this strategy over and over again.

Yes you are right, this is not too bad because I have ever managed to try this martingale in the Limbo game and is quite profitable when I tried some techniques as well as this strategy, but unfortunately I was too greedy so that I played and did not stop when the system read my victory, finally capital and My victory that has been collected in 6 hours just run out in 1 minute. it's really annoying, lol

But there are many lessons that I can take from using this strategy, controlling myself when playing when it has reached the target and get a profit should stop then return tomorrow to play again, if it continues to be consistent it might be able to benefit this strategy, but the fact is from 100k people who might have tried this strategy only one person was successful and the rest failed. Grin

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Quote from: Aikidoka on May 26, 2023, 06:54:01 AM

Starting with 0.001 BTC:

0.001, 0.002, 0.004, 0.008, 0.016, 0.032, 0.064, 0.128, 0.256, 0.512, ~~1.024~~

So after your 10th loss streak, you'll lose your 1 BTC, and trust me that would happen after hours of repeating this strategy over and over again.

You don't need to start with 0.001 BTC, you can start as low as 1 Satoshi or 0.00000001 BTC.

0.00000001, 0.00000002, 0.00000004, 0.00000008, 0.00000016, 0.00000032, 0.00000064, 0.00000128, 0.00000256, 0.00000512, 0.00001024, 0.00002048, 0.00004098, 0.00008196, 0.00016392, 0.00032784, 0.00065568, 0.00131136.

Look even you're suffer 18th loss streak, you're still not lose 1 BTC, this is why starting with the lowest amount is a must in martingale strategy. But this doesn't mean martingale strategy will work and good, it's high risk of losing all of your bankroll faster.

Aikidoka

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The Martingale strategy isn't really bad but it is considered highly risky. I have personally tried it a few times and each time I ended up losing. When you continuously employ the Martingale strategy it becomes increasingly dangerous and you'll end up losing at the end. This strategy is implemented on most casino sites because they are aware that gamblers will eventually lose their bets at the end. While it might work for a few rounds if you have a large capital but if you become too greedy and refuse to stop you will likely experience a series of losses that will eventually lead to the complete loss of your money.

Let's assume you start with 1 BTC and apply the Martingale strategy doubling your bet each time. Here's the corrected progression:

Starting with 0.001 BTC:

0.001, 0.002, 0.004, 0.008, 0.016, 0.032, 0.064, 0.128, 0.256, 0.512, ~~1.024~~

So after your 10th loss streak, you'll lose your 1 BTC, and trust me that would happen after hours of repeating this strategy over and over again.

Topic: Martingale strategy in casinos (Read 1071 times)