Martingale strategy in Sports Betting - page 2.

playboy654

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Quote from: libert19 on February 13, 2019, 03:56:15 AM

In dice game, there isn't any relation between dice rolls so using martingale can incur multiple losses in a raw and wipe out your bankroll but what about sports betting?

You bet on a good team, it will win eventually. No?

In sports betting we have lots of difficulties like we have no confirmation about we are winning and there is no guarantee that team will definitely win at that moment.

Fredomago

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Quote from: libert19 on February 13, 2019, 11:59:37 PM

Y'all seem to have bad experience with it, so I guess I'll just leave it. Thank you for taking time to reply

Yeah right, as this strategy was already been tried many times by some of the forum members, eventually they just all gone without
succeeding with this style of system, martingale is for short time strategy and those who are capable to control after winning small amount
then quit the house.

kenzawak

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I used to bet this way in sports.
Here is my opinion on it :
https://bitcointalksearch.org/topic/sports-bets-how-i-used-to-bet-a-long-time-ago-lol-5100668

Just don't bet expecting one team will win eventually, you have to take in consideration the odds. Let's say you place a bet at 1.08, you have to bet much more to make up for what you lost in your previous bets. So the risk of losing it all is higher.
Like I said in that thread I just posted, I liked to bet on events with relatively high odds like over 2.5 in soccer. If you bet on high scoring teams, in the end, you'll probably have a winning bet soon.
You have to analyse lots of stats if you're gonna bet this way and make sure you don't lose control (be patient, don't overdo it because you're greedy).

Indamuck

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This only works if you have infinite money. There are max bets in place as well to prevent this. I know you think you won't lost 20 times in a row but eventually it will happen. At the point you will be risking a huge amount just to earn a small sum.

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Quote from: Betwrong on February 14, 2019, 07:52:46 AM

Quote from: STT on February 14, 2019, 07:23:16 AM

Quote from: libert19 on February 13, 2019, 03:56:15 AM

You bet on a good team, it will win eventually. No?

No that sounds like the solid foundations to build a great fallacy strategy for betting. Many die hard supporters will have taken this route and suffered. The problem would be teams change, people change and dynamics between teams cant be relied on to repeat between seasons or even games.

I just think its too general and really not a helpful aid to gaining any advantage in betting sorry

I agree with this, and, as I explained earlier(although it seems that no one noticed), martingale in sports betting is no different to that in dice betting. The main flaw of the martingale strategy, applied to any kind of betting, is that it implies that you should win in the end and thus make, not big, but still a profit, and that this profit is guaranteed. If that was possible, no casino would stay afloat till this day. All of them would die out shortly after opening, and there would exist no such thing as gambling.

I would say there is a big difference,,, but you are right all of you,,, not in the end result, but perhaps in how quickly you will reach this end result.

Dice: blind probability.
Sports: somehow good or bad value, plus much higher chance of variance. And a team can be expected to beat any team on given day, plus there is no provably fair Wink

Betwrong

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Quote from: STT on February 14, 2019, 07:23:16 AM

Quote from: libert19 on February 13, 2019, 03:56:15 AM

You bet on a good team, it will win eventually. No?

No that sounds like the solid foundations to build a great fallacy strategy for betting. Many die hard supporters will have taken this route and suffered. The problem would be teams change, people change and dynamics between teams cant be relied on to repeat between seasons or even games.

I just think its too general and really not a helpful aid to gaining any advantage in betting sorry

I agree with this, and, as I explained earlier(although it seems that no one noticed), martingale in sports betting is no different to that in dice betting. The main flaw of the martingale strategy, applied to any kind of betting, is that it implies that you should win in the end and thus make, not big, but still a profit, and that this profit is guaranteed. If that was possible, no casino would stay afloat till this day. All of them would die out shortly after opening, and there would exist no such thing as gambling.

STT

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Quote from: libert19 on February 13, 2019, 03:56:15 AM

You bet on a good team, it will win eventually. No?

No that sounds like the solid foundations to build a great fallacy strategy for betting. Many die hard supporters will have taken this route and suffered. The problem would be teams change, people change and dynamics between teams cant be relied on to repeat between seasons or even games.

I just think its too general and really not a helpful aid to gaining any advantage in betting sorry

imstillthebest

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Quote from: davis196 on February 14, 2019, 02:00:21 AM

Quote from: libert19 on February 13, 2019, 03:56:15 AM

In dice game, there isn't any relation between dice rolls so using martingale can incur multiple losses in a raw and wipe out your bankroll but what about sports betting?

You bet on a good team, it will win eventually. No?

The martingale system is just a trick,created to fool the idiots that they could make some money out of luck based gambling games.This system(and any other system similar to maringale) just doesn't work and this is proven.Betting on a good team doesn't guarantee anything.You have to analyze the team's performance.

lol no . martingale is created by experts a long time ago . you can see it when you search about gambling strategy/methods . im a regular user of martingale and i can say that is working on most time but not all the time as we all know that gambling is a verry hard game to win . it still needs a luck and not just a continuos use of strategy .

MrCrank

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Quote from: Get-Paid.com on February 14, 2019, 01:35:41 AM

Quote from: MrCrank on February 14, 2019, 12:43:31 AM

I tried Martingale strategy. I can say it's works if you have huge bank.
This better for basketball. Bets in each round.

You have to risk 110 to win 100, how could it work?
Even if you do the NBA with higher stakes and find odds of 1.96 (only 4% juice/fee/vig) - how can you make profits by losing 4% of your bankroll regardless of who wins each game?
Doesn't make any sense.

No, I place bets every round.
The betting options for this type of bet are two:
Odd = The total goals scored in the match will be an odd number.
Even = The total goals scored in the match will be an even number.
And use Martingale.
Coefficient 1.8-2

davis196

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Quote from: libert19 on February 13, 2019, 03:56:15 AM

In dice game, there isn't any relation between dice rolls so using martingale can incur multiple losses in a raw and wipe out your bankroll but what about sports betting?

You bet on a good team, it will win eventually. No?

The martingale system is just a trick,created to fool the idiots that they could make some money out of luck based gambling games.This system(and any other system similar to maringale) just doesn't work and this is proven.Betting on a good team doesn't guarantee anything.You have to analyze the team's performance.

Get-Paid.com

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Quote from: MrCrank on February 14, 2019, 12:43:31 AM

I tried Martingale strategy. I can say it's works if you have huge bank.
This better for basketball. Bets in each round.

You have to risk 110 to win 100, how could it work?
Even if you do the NBA with higher stakes and find odds of 1.96 (only 4% juice/fee/vig) - how can you make profits by losing 4% of your bankroll regardless of who wins each game?
Doesn't make any sense.

raven7886

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Quote from: libert19 on February 13, 2019, 03:56:15 AM

In dice game, there isn't any relation between dice rolls so using martingale can incur multiple losses in a raw and wipe out your bankroll but what about sports betting?

You may go for betting as per martingale strategy of doubling your base bet in any type of gambling but you need to make sure many other practical things also in your favor. Like,

1. Sports betting are known for rapidly changing odds hence your lost amount in first attempt may not be covered by the winning in second attempt due to lower odds while you try for second time.

2. Sports betting is not possible for all 24 hours hence you need to wait and try even for paper based gambling too. I mean usually gamblers are not patience enough to test and adjust their strategies hence they are all simply sticking within quick way of gambling which is available to them at their own times.

peter0425

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Quote from: libert19 on February 13, 2019, 11:59:37 PM

Y'all seem to have bad experience with it, so I guess I'll just leave it. Thank you for taking time to reply

Yes mate, sorry to burst the bubble for you, because majority of us, I'm sure have tested this strategy in lots of gambling, personally I tried it in roulette and it doesn't really work and some on NBA betting, still losing in the end. Sad

MrCrank

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I tried Martingale strategy. I can say it's works if you have huge bank.
This better for basketball. Bets in each round.

iMark

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Quote from: libert19 on February 13, 2019, 03:56:15 AM

In dice game, there isn't any relation between dice rolls so using martingale can incur multiple losses in a raw and wipe out your bankroll but what about sports betting?

You bet on a good team, it will win eventually. No?

In dice successive defeats will never occur or rarely occur. thats why Martingel sometimes works for strategy. In sports, using a good team, of course the odds are very small? and it's not worth with the risk I think, because a good team can lose right?

libert19

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Y'all seem to have bad experience with it, so I guess I'll just leave it. Thank you for taking time to reply

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Quote from: libert19 on February 13, 2019, 03:56:15 AM

In dice game, there isn't any relation between dice rolls so using martingale can incur multiple losses in a raw and wipe out your bankroll but what about sports betting?

You bet on a good team, it will win eventually. No?

Martingale strategy is obsolete and i don't think anyone is gaining good profit from it. For the sports betting, it is a common perception that if we bet on the stronger team we will win always. Although it is true but there is no grantee for this also.
I have seen many games where the stronger teams loses on a day and it makes a lot of sports betting people big loss. We should be careful in sport bets and only bet in selected games where we know that a chances of certain team can win are more than 80%.

nydiacaskey01

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I'm thinking of the using this strategy for those NBA teams that are going through a loosing streak like example is the Los Angeles Lakers who is now on a 2 game loosing streak or maybe the Miami Heat which is on a 3 game loosing streak. I'm thinking of placing a bet on their next game. I noticed the stats of New York Knicks and Phoenix Suns, zero wins in the last 10 games.

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Sports bet are easy but little risky too. You may bet on a good team and eventually win but what if you lose? That will be a huge loss, in fact 5/6 times more than your profit. So, you won $100 from 4 bets and lose $150 on one bet. That's the risk.

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For sports betting I feel anti martingale strategy to be better than the martingale strategy, because the loss continues if the strategy doesn't work. With anti martingale the loss at least gets minimized as we go with higher bets only after winning and decrease the bet value whenever we face a loss.

Topic: Martingale strategy in Sports Betting - page 2. (Read 652 times)