Topic: Martingale strategy in casinos - page 7. (Read 1071 times)

this reminds me that in the past, to be more precise when I started to know about bitcoin and altcoins I made faucets, although at that time the faucets gave a lot of satoshis the value when I converted it into dollars was not much, they were just sent because at that time the bitcoin price was around 900$, that's why I decided to play dice to increase my balance of satoshis, I went to see several strategies on youtube, each person said something and I tested it but it didn't work, other people talk about using martigale which consisted of always If you lose, double the value, then change and play normally while you are winning, you would not use the martigale, but in case of losing, you would double the winning value again, reduce the value again, but double the bet, and so on

even using this strategy was useless, after playing for hours I lost everything that took me a whole week to gather, it was very frustrating to spend a week claim satoshi in the faucets and then lose everything in hours playing, at that time I didn't even pay attention that people on youtube were giving those useless strategies because they wanted a lot of views on their channels, they weren't helping people and I really doubt that they used what they were talking about, but I was naive and kept using the martigale strategy

as time went by it became clear to me that there are things one shouldn't do in gambling, things like: " chasing losses ", one should never chase losses and martigale is even meant for people who are chasing losses, and these people always go bankrupt, in my case I don't use martigale and I don't chase losses, even when I lose I keep placing bets normally as I always do, I don't think about the loss in the sense of recovering

On my end, I view this strategy as increasing the risk. Also, this would only work if you have a huge capital in order to sustain your 'double the amount' bets, which is something not advisable. Winning will never be certain to most of the gambling games which is why for me, invalidates the idea of doubling up your losing bet in order to make up for it.Imagine you are just on a losing streak because you are unlucky for that day, and you pushed this strategy; how worse could situations be? This strategy is somehow a way to push through with gambling; like forcing to win against the house. Something which is forced won't end up good. It will always be better to just be aware of your losses in order to control it.

Not everyone knows that this kind of technique has a very big risk. So, it's only natural that there are many gamblers who are still interested in betting on their own luck using the martinggale method, regardless of the type of game. talking about gambling or betting, in fact, the goal is nothing but to win and make money, even we agree with that. even so, everyone has their own and different ways.


Well, here's a problem. that most people don't have a good understanding of gambling itself, understand how a gambling game works, and what to watch out for before gambling. so it's only natural that many of us or gamblers insist on using this technique, although some of them do it with various variations.
But, overall I agree with you. especially with your statement regarding if someone focuses only on making a profit from gambling, then what usually happens is the opposite. well, this is what gamblers, especially beginners, rarely realize. then there is no other word, other than gambling just for fun with money ready to lose. plus, limits that have been set. yes, just make it a fun hobby.

I have to smile a lot to remember one of the strategies in this gambling. To be honest I have lost a lot of money with the strategy talked about, of course that was in the past but of course some people can win bets to some extent.

Martingale is not a strategy to win, but in the long term it can be very detrimental especially when applied to games based on luck. To this day, the average gambler seems to be aware that the martingale strategy is unprofitable, but somehow it is still being tried by some.

That is a very harsh opinion about Martingale, Poker Player.
Out of curiosity, have you ever tried such "strategy" yourself or have you known anyone which used it in pursue of making money out off it in casinos?

The way your talk about it makes me believe you may have some experience with it.
Do you have some story to share about Martingale yourself? 

If you feel like it, of course.

Even having a very large bankroll can't stop you from going bankrupt if you are using Martingale strategy and if the loss streak becomes a little too large, let's say about 10 to 15 consecutive losses, and believe me, when you are out of luck, that happens. I know it doesn't happen every single time but we all know that this is something possible in gambling.

I just had an estimate, if you get 17 to 18 consecutive losses, have a bankroll of $1m, and the initial bet is only $5, you will go bankrupt at the 18th bet if you are doubling your bet after every loss. So it's basically a deadly strategy.

I agree with your statement.

Just to share a personal experience of mine, I used to accompany my brother in f2f casinos pre-covid days. Most of the times, he brings around $200-$300 worth of cash and he uses the Martingale strategy in order to quickly recover his losses upon a losing streak. Of course, this works if you have sufficient capital in order to bet for the next round and most of the time it works.

There was a time, however, where my brother experienced losing 5 times in a row and the money that he had to bet multiplied x5. He did a hail mary bet and luckily, he won and recovered his losses from that night.

He looks serious when it comes to these matters so I think yes he might have his own strategy and this is better than depending on others because you already tested it out yourself and it won't make you feel bad in an extreme way. Your strategy right there seems very risky. Maybe you need to lower that 69% because like @harizen said, the goal in playing luck-based games must be to last long.

For me, I only use 6% increase for each loss that I made and it doesn't seem a lot. I also team it up with the lowest possible bet. Martingale is good at winning back our losses. It's not bad if our goal is to increase our wager but I think it's a bad method to use if our goal is to increase the size of our bankroll.

Some people are using martingale strategy wrongly, an example is when chosing using it for low odds like 2, do not mind me considering 2x as low odds when using martingale strategy, it is because if one game is lost, it may be hard to recover loss if the first game is lost. When using martingale strategy, I go for casino games of at least 3 odds which is better. If I want to play five games with it, I can still recover losses if just a single game is won before the five games. But if no single game is won, it is a big loss.

Exactly because basically gambling is a place for someone to lose the money they have.
Thinking that gambling is a place to make money is a big mistake and I believe this kind of person will only get economic and financial ruin in the end.
It's better to gamble for fun and with what we can afford then luck will side with us without realizing that victory will come by itself but still winning in gambling is just a sweet taste of defeat.
Back to the topic that any strategy can be useful if the gambler can do it well.

Martingale strategy may be tempting to use-- and I actually use it every now and then-- but it is never recommended. That is regardless of whether you are playing in a casino or betting on a sports match or whatever gambling.

How long are your losing streaks could get in gambling? It is not only 2 or 3 or 4 losses; it could be 8 or 9 or 10 losses or even higher. If that happens, can you still continue to double your bet until you win?

For me personally it has never worked and I think it's way of losing more because playing regularly on a game doesn't give you more chances of winning but only reduces the bank balance of your account as you are engaged in aggressive betting.There are some players for whom it may work but for majority I think it has never worked so my choice is not to play with this strategy following your own gameplay with limit control.

don't gamble and make it a permanent job to make money because gambling is not for that, people who consider gambling as a source of income are clearly wrong because of course we will lose a lot of money after gambling. all because of our mindset of targeting victory, if you play without targets and are consistent with small wins, that's enough. just play for fun so that there is no defeat that makes us curious and makes us addicts. the gambling strategy needs to be consistent

What else would you call a strategy in gambling? Betting methods are actually the strategies in gambling since you are the one who would decide how to bet and how to spread your capital into how many games and game sessions and how to manage your bankroll for different games, etc. That is how it works in gambling.

You are right that gambling is all about luck, and to be able to win anything out of it, one must be very lucky, and if one is destined to lose, no strategy can really change that and even if he manages to recover losses at first, the eventual results will be in loss.

It is not a matter of feelings, it is a matter of knowing that Martingale is a fucking garbage strategy that only makes you lose money while you insist on believing that it or any of its variants is a good strategy. You say so yourself:


So deep down, no matter how hard you try to deceive yourself, you know it doesn't work. And no matter how much we explain it to you and insist on it in this thread. It's a cyclical thing. In a week, or a month at the most, we will have again someone opening a thread about Martingale saying that it worked for him or that it didn't work for him because he had bad luck but that it really works and crap like that.

When you consider that it is not going to be really possible to get rich this way, then it becomes a little bit easier to realize that maybe you should do something else instead. People talked about how this is not a method that makes you money, it is a method where you will eventually lose one day or another.

So, why insist? I think it is crucially important not to insist anymore and just focus on how much you could make from this, because if you could just focus on how you can profit from gambling, then you are going to end up being upset eventually. Gambling is something we all lose money if we keep doing it, if you want to keep gambling then you will lose money and that's it, there is no alternative scenario to that.

This is why this strategy is known to work if you have good bankroll to begin with.
But if you are working on a certain amount, then, you will likely end up losing all your funds.
Besides, there's only a period that this strategy will work for you. But if you won't stop playing, then, the house will catch up as remember, there's HE.
Martingale or any other known gambling strategy, will only work for you if you know when to stop. This is why any strategy won't give you a guarantee of winnings.

MartinGale can work with emphasis on can work. If you had infinite money in your bank account and bet 100 times in a row, there is a 99.999% chance that the system will work. But a casino has different limits in Roulette but apart from the roulette table there is another problem and that is also the biggest problem. Namely your bankroll. You normally start with $1 and if you lose 10 times in a row then in your 11th bet you are trying to win $1 while betting something like $2000. If you think about it, that's actually crazy. Yet there are people who still believe in the system and hope and assume that they will not be hit 8 times in a row.

Are people still engaged with the martingale strategy in gambling? I thought they'd learnt from the past. Martingale could help when you are on your lucky day, but could still ruin your day, if not your month if not. A well-planned gambling strategy is better than a martingale with casinos in which the gambler is so aggressive and more risk is expected for more money to be made.

But this as well could work against the gambler in the process, which is the most common outcome of the strategy.

What X were you playing on? I realized one very important thing about martingale, if you have a lot of reds you have to lower X