Martingale strategy in casinos - page 10.

TimeTeller

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Quote from: crzy on April 08, 2023, 04:26:15 PM

Quote from: sashapan on April 08, 2023, 01:46:51 PM

Martingale strategy in casinos. How do you feel about it? Huh

My little experience sometimes comes with a good result) but more often the result is negative

Many already tried this strategy but didn’t succeed as well because the house always win.
As I can see with your result, losing are still inevitable despite of using this strategy that proves that Martingale is not worth it in the long run and this is also why I decided not to use this and only bet within my limit.

Any known strategy, when you don't know when to stop, you will end up losing.
Martingale or any other strategy, will only work for quite some time.
If you will continue playing even after winnings, the house will definitely catch up until you lose your winnings again.
But those strategies work, only to certain degree. Not all the time. You should know how to manage the winnings if you got to such point.

crzy

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Quote from: sashapan on April 08, 2023, 01:46:51 PM

Martingale strategy in casinos. How do you feel about it? Huh

My little experience sometimes comes with a good result) but more often the result is negative

Many already tried this strategy but didn’t succeed as well because the house always win.
As I can see with your result, losing are still inevitable despite of using this strategy that proves that Martingale is not worth it in the long run and this is also why I decided not to use this and only bet within my limit.

hosseinimr93

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With using martingale strategy, you decrease your chance of winning.

Let's say you have 1 BTC and you want to double it in a casino with the house edge of 1%. If you bet your whole balance in a single bet, the chance of winning would be 49%.
If you start with 1 satoshi, double the bet amount every time you lose and set the bet amount to 1 satoshi every time you win, the chance to double your 1 BTC before losing so many times in a row so that you can no longer double the bet amount would be less than 28%.

robelneo

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There are a lot of topics and discussions about martingale not only here in Bitcointalk but on other platforms but all of the discussion points to martingale as a useless strategy, you can use it for entertainment just to see if it's your lucky session you've used the word sometimes and most of the times, in favor of the casino, it will continue like that if you continue using martingale in the end your losses is bigger than your winning, if you're not a whale with big bankroll forget the idea of using martingale but if you want to enjoy playing then, by all means, do it, just don't overdo it, use only amount you allocate maybe up to 10 rolls based on your calculation is already good

lionheart78

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Martingale strategy is often a failed strategy but there are some people who are successful in using it. I think this kind of strategy is dependent on how a player can be able to determine when to reset his bet within the number of losing streak, or when a player decides to stop his gambling session in order to bag the winnings brought by the martingale strategy.

I believe Martingale is good for a short session but devastating if a player is into a long session gameplay because the longer the player plays the longer the losing streak that may appear. This long losing streak may drain the bankroll even before the winning roll pops up. So in the end, martingale often makes the player's bankroll depleted faster.

Stalker22

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Well, Martingale may work in the short term, but in the long run, the house always wins. It's a bit like trying to outrun a cheetah in flip flops - you may get a few steps ahead, but eventually, you'll be caught. So, my advice would be to enjoy the thrill of the game, but don't count on any betting strategy to make you rich.

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Quote from: blockman on April 08, 2023, 03:33:59 PM

Of what you've said. That's basically the description of it. It's not going to work in the long run, well, might work for some but talking about its accuracy for your wins then it's not going to give you positive signs.

It does not work for some people because they do not plan it very well, or when they lose they continue to gamble more and more after the strategy that has been used and failed, instead not to gamble for that time again they will continue to gamble. It may not work also if you are using too much money to gamble.

If you use the strategy, it should be in a way that you win and leave. If you first lose, you use the money that is enough to win the second after losing the first and win much more than the money lost at first and so on until the amount of money that you can use for that period of time has been exhausted, and you should not gamble again. But before the money is used up, you should have won at one time which is enough to cover the loss at once and quit for that time.

But just that many people do use the strategy very well but using it wrongly, or they continue to gamble after falling to win.

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Quote from: sashapan on April 08, 2023, 01:46:51 PM

Martingale strategy in casinos. How do you feel about it?

My little experience sometimes comes with a good result) but more often the result is negative

I already dumped it, like you I sometimes have good results but most of the time I'm frustrated with the results, if you're using a martingale and thinking of making a profit, better forget this idea it just won't work if you cannot keep up with a bankroll you'll end up losing everything.
Martingale's scheme looks good on logic if you double up you could end up recovering all your previous losses, but you also have to consider that the losing streak could go as high as 20, this is how I lose a huge portion of the token I got from the bounty campaign, it hurts because I could have used that token for staking.

DoublerHunter

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Quote from: sashapan on April 08, 2023, 01:46:51 PM

Martingale strategy in casinos. How do you feel about it? Huh

^I don't like it, because it always gave me a negative result.
But you have a beautiful graph which is it works for you, martingale strategy is also based on luck, if you don't have this luck you will not survive in a long term, besides, the martingale strategy needs more funds to recover your loss. One advantage of the martingale strategy is that it can help you recoup your losses quickly IF you experience a winning streak and still you have funds to beat the house edge. You can keep folding bet your losses to recoup your losses and of course, it need more capital to do that.

blockman

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Of what you've said. That's basically the description of it. It's not going to work in the long run, well, might work for some but talking about its accuracy for your wins then it's not going to give you positive signs.
Take it from the majority that did it and ended up with the same results as yours. Speaking from your experience, you know that it's not a good strategy to lean on because it will just dwell you in losses.
You may come up with another strategy but even then, that won't suffice your desire to have a lot of winning because it's just not really going to give you stable results.

ryzaadit

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I don't like it.

I more like it a martingale system on "win". As you know, If you are on unlucky section this is just gonna to blow up your balance. Why, I more prefer on win? because on gambling section cooperation between Good & Bad Section is always like 1:10.

1 Good Section & 10 Bad Section. If, I find some momentum on win I always double up to 3x times and gonna to bring a lot money at the time on good section.

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Quote from: sashapan on April 08, 2023, 01:46:51 PM

Martingale strategy in casinos. How do you feel about it? Huh

My little experience sometimes comes with a good result) but more often the result is negative

I remember a day I was using martingale strategy why playing roulette on an online casino. Normally I used to play like three times and anytime I win before the three times play, I just take my money. If I have enough money, I can make good calculations and go five times. Anytime I win, I do not bet again.

But there was a day that I lost during the five rounds, I have no option than to just quite gambling that day. It was an unusual day for me. But normally martingale strategy is working for me. I am not an addict and I only gamble just like 2 days weekly which is also helping me because the more someone is gambling the likely the person can lose. I am gambling less often and the strategies I am using is helping, especially the martingale strategy.

But while using it, you still have to be careful, because if you lose at the later round of the bet, the loss is very huge.

Silberman

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Quote from: sashapan on April 08, 2023, 01:46:51 PM

Martingale strategy in casinos. How do you feel about it? Huh

My little experience sometimes comes with a good result) but more often the result is negative

If you are trying the martingale strategy just to get some fun then that is fine, however if you are expecting positive results from it then I am sorry to disappoint you as this will not happen, the idea behind martingale is attractive, if you lose and you double the amount of money at risk during the next bet not only you can win your bet but you can recover the money you have lost previously, however casinos know about this strategy and they do not fear it, do you know why? Because over the long term you will lose enough times in a row and lose all your capital.

sashapan

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Quote from: Wapfika on April 08, 2023, 01:59:12 PM

Martingale strategy is useless if you didn’t know exactly how to manage your bankroll through assigning the right initial bet amount in proportion to your total bankroll with consideration to the lose streak probability that you are playing.

Don’t get me wrong. Martingale strategy is not bad it can help you to gamble disciplined by just following the strategy for bet increase unlike when you are just playing with emotion and losing that always result to all-in bet just to recover quickly. I have a lot of negative experience on this strategy way back when I’m still addicted on dice game.

I absolutely agree with you playing this strategy must have good brakes) And most importantly, I realized that in this strategy, you should never go all the way ... and even better to reduce X

bitbollo

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Just take in count this progression with Martingale... starting from 1 unit you can lost more of 900 units in just 10 runs see below:
1-2-4-8-16-32-64-128-256-512
and the start was just 1 unit! You are literally forced to play at higher amount each time...

Plus, if you count a win that help to "recover" a loss, at the end you have achieved ... the same amount you have spent!
So if you are really lucky you can win your unit (first step of martingale).
If you're unlucky... you can loss a much much more of the first unit you were playing.
Use some calculators and then you realize how big is the risk/ratio for this betting strategy.

Hispo

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That is a pretty graph you got there.

I do not think it is useful as a gambling strategy for most of people who wish to try it, because the management of funds one's need to have in order to continue to increase the wager and compensate the previous losses.

For the regular gambler who have a limited gambling budget, it could mean to get drained before seeing a change to profit or break even at the end of the session. This is something we have discussed before around here, by the way.

It is better for those who have much money to spare to try it.

Wapfika

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Martingale strategy is useless if you didn’t know exactly how to manage your bankroll through assigning the right initial bet amount in proportion to your total bankroll with consideration to the lose streak probability that you are playing.

Don’t get me wrong. Martingale strategy is not bad it can help you to gamble disciplined by just following the strategy for bet increase unlike when you are just playing with emotion and losing that always result to all-in bet just to recover quickly. I have a lot of negative experience on this strategy way back when I’m still addicted on dice game.

sashapan

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Martingale strategy in casinos. How do you feel about it? Huh

My little experience sometimes comes with a good result) but more often the result is negative

Topic: Martingale strategy in casinos - page 10. (Read 1071 times)