Martingale strategy is a failure if you are consistent with it

Solosanz

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Quote from: Woodie on September 21, 2024, 06:28:43 AM

For martingale to work, you need the capital to support the strategy because sometimes the losing streak can go over 10 times without it paying you out and I would advice you play some kind of live games to avoid feeling cheated after you lose...and don't try to rely on beginners luck to win at a casino , you will certainly lose.

Otherwise this strategy if for players with deep pockets ,and don't start big too because when you start chasing the win you have to commit till you catch it .

You don't really need to have a big capital to play martingale strategy, you can play as low as 1 Satoshi, so if you deposit $10, it's already enough to try martingale strategy. If you start from 1 Satoshi, you only spent around 1,000 Satoshi if you lose 10 times, while $10 is worth for 16,000 Satoshi.

Martingale isn't a guarantee strategy to make money, you will ended up wasting time as you keep waiting you will earn from this strategy.

adzino

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It is true that the martingale strategy might seem like a good idea at first, but it's pretty bad in the long run. Unless you have got infinite money, you're eventually going to hit a losing streak that will wipe out your whole balance. The idea of doubling your bet after every loss sounds very clever and somewhat fool proof, but if you lose like 5 or 6 times in a row (which happens more often than you would think), you'll be betting huge amounts just to recover a small initial bet. And once you start losing those huge amounts, you are done for good. People fall for this strategy all because they think '' I already lost 3 in a row, there is no way I will be losing the next bet''. But the truth is each bet is independent of the previous one. The odds don't change no matter what happened before. So relying on this strategy is kinda like chasing your losses, which is the worst thing you can do in gambling. And don't forget about casino bet limits on each bet. Eventually you will reach the bet limit which wont help you anymore to recover your previous loss.

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Quote from: Adbitco on September 21, 2024, 08:11:13 AM

Quote from: GreatArkansas on September 19, 2024, 07:13:00 PM

Quote from: Adbitco on July 26, 2024, 02:04:03 AM

Martingale methods works mostly when you have enough enough funds in your account but using only the initial deposited fund to gamble may not give you exact what you wanted, let say if wanna do that 10$ deposit can't actually solve it maybe depending on your pocket or how much you made deposit to start playing bet.
To me I don't really follow that principle because I don't fund above my budget why because it's easily create ways for lost except you have discovered easy way to keep winning which I know there is no easy way than being luck.

Even with how huge your wallet is, it's still not guaranteed. It depends on your initial bet also and still luck. Even if you have huge funds and you will get a long lose streak, those funds will vanish in just a short period of time.
OP actually has a point about using the Martingale strategy for a longer period, which will just make you high risk and high reward. I already experienced it multiple times, I lost most of the time every time I stayed longer using this Martingale strategy. Maybe it also depends on the game I am playing.

I also believe that it depends on the games people playing, sometimes you can do that with sport betting or roulette. These games are mostly easy to apply this principles but still they depends on luck as initially Said, even though you have a enough funds or a rollover to keep playing the game it would still results to losing if not careful played.

This is the fastest way that you would really be able to make yourself be busted up and this is something that someone should really be able to realize on and never make yourself
believe that there would really be some holy grail or method that could exploit out casinos on which we know that this is really that impossible.Its not really that bad on making up use of this kind of strategy
but make it sure that you are wary about on the risks of it when it comes on busting up overall your balance on which we know that it could happen in a snap.

Yes, it could be profitable on the moment that you will be able to recover those loses on doubling your bet on loss or whatever % you would be setting out bust just like on what
everyone is really that pointing out that once that losing streaks would hit you hard then this is something that will really be putting you on trouble and this is something
you must consider it out to watch on.

Adbitco

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Quote from: GreatArkansas on September 19, 2024, 07:13:00 PM

Quote from: Adbitco on July 26, 2024, 02:04:03 AM

Martingale methods works mostly when you have enough enough funds in your account but using only the initial deposited fund to gamble may not give you exact what you wanted, let say if wanna do that 10$ deposit can't actually solve it maybe depending on your pocket or how much you made deposit to start playing bet.
To me I don't really follow that principle because I don't fund above my budget why because it's easily create ways for lost except you have discovered easy way to keep winning which I know there is no easy way than being luck.

Even with how huge your wallet is, it's still not guaranteed. It depends on your initial bet also and still luck. Even if you have huge funds and you will get a long lose streak, those funds will vanish in just a short period of time.
OP actually has a point about using the Martingale strategy for a longer period, which will just make you high risk and high reward. I already experienced it multiple times, I lost most of the time every time I stayed longer using this Martingale strategy. Maybe it also depends on the game I am playing.

I also believe that it depends on the games people playing, sometimes you can do that with sport betting or roulette. These games are mostly easy to apply this principles but still they depends on luck as initially Said, even though you have a enough funds or a rollover to keep playing the game it would still results to losing if not careful played.

Woodie

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For martingale to work, you need the capital to support the strategy because sometimes the losing streak can go over 10 times without it paying you out and I would advice you play some kind of live games to avoid feeling cheated after you lose...and don't try to rely on beginners luck to win at a casino , you will certainly lose.

Otherwise this strategy if for players with deep pockets ,and don't start big too because when you start chasing the win you have to commit till you catch it .

Rabata

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Quote from: Victorybit1 on September 20, 2024, 02:19:53 AM

Quote from: Oshosondy on May 15, 2024, 04:28:41 AM

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10. From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25. It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

It's definitely a failure if you continue with it because this is something I have tried on aviator games, after losing I kept on doubling my stake so I can recover my losses and also have some profits but it went wrong, I ended up losing a lot of money. Using this strategy for casinos or sports betting whatever the case maybe isn't really advisable you might lose a lot of money. It's better to just stake a decent amount so you don't end up throwing your funds away

There is no specific strategy in gambling by which a gambler can achieve regular or guaranteed wins. Many people describe Martingale method as a good gambling strategy but if luck is not helpful then this method will not be of much use and the chances of losing will increase. My advice to anyone who wants to try this Martingale method is to start with a small amount. It may not be possible for many people to bet consistently in this method if a large amount of money is used at first. As a gambler it is certainly good to apply strategy but I do not intend to gamble on martingale theory. This can increase loss. Many can win because of luck. But don't bet specifically depending on this strategy.

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Quote from: $weetne$$ on September 21, 2024, 01:45:02 AM

Martingale is already considered a risky strategy and it would not be recommended by many mentors or people that know alot about gambling. You are always going to lose therefore we should not use it. Why will you be doubling your wager when you are winning and losing. You should not make decisions based on your past wins when gambling or you will be giving back all the money that you have won and also you capital back to the bookies and casinos depending on which platform that you are using to gamble. Do not see gambling as an investment that you will have to develop a strategy to use. Gambling as a form of fun and if you get lucky to win, you celebrate your win and stop playing so that go do not get tempted to continue gambling and increasing you wager, you are going to lose if you that.

People should know which one they use so they can prevent the lose because gambling is about have fun and not lose too much money. But mostly people will not think about this and still gambling until they win.
No matters what strategy they use, if they can not prevent the lose, they will lose because they don't have a big chance to win. People should consider that they can playing gambling but only with limitation to prevent the big lose.
They can not trying to doubling their wager to chase the win because no one will know if they can win or lose. When we lose, we will difficult to recover our lose and only gives more losses without we realizes.

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Quote from: Su-asa on September 20, 2024, 02:10:57 PM

Anything that has to do with doubling or tripling my stakes I don't really do it because of the risks involved, this martingale system isn't profitable in the long run because you might end up having double losses, I will always stake what I can afford to lose whether I'm winning or losing, gamblers use this losing strategy to quickly recover their losses but the more you chase your losses the more you lose more money, even if there's a slim chance of getting your losses back don't do it

Martingale is already considered a risky strategy and it would not be recommended by many mentors or people that know alot about gambling. You are always going to lose therefore we should not use it. Why will you be doubling your wager when you are winning and losing. You should not make decisions based on your past wins when gambling or you will be giving back all the money that you have won and also you capital back to the bookies and casinos depending on which platform that you are using to gamble. Do not see gambling as an investment that you will have to develop a strategy to use. Gambling as a form of fun and if you get lucky to win, you celebrate your win and stop playing so that go do not get tempted to continue gambling and increasing you wager, you are going to lose if you that.

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Quote from: fruktik on September 21, 2024, 12:15:56 AM

Quote from: bering on September 20, 2024, 01:39:16 AM

I have to says martingale strategy is old fashion strategy which used in gambling and i am sure most of gamblers have already know and used this strategy and several years ago martingale was very popular to be used even some people has successfully to earn money from this method but this strategy cannot be used repetitively because if people didn't luck then their money will run out very quickly so that's why people called martingale is risky strategy which used in gambling and this condition makes people have started not using this method anymore and i personally too never used this strategy anymore because previously i have similar experience just like you that i have been attempts to apply to different games but i always be lost my money during used this strategy

So I wrote that I have exactly the same situation with this strategy. I lost a decent amount of money, trusting this method. No, it will not help in the long run. I can say this with confidence.

I remember the moment when I was happy that I learned about Martingale. My happiness knew no bounds, but everything turned upside down when a black streak of profits began. Then I realized that this was nonsense and nothing more. I no longer applied this approach to games.

Too focused on what we can get in doing this strategy, we ignore the big risks that we will feel. Our brain forces us to only think about winning, and indeed when we only think about it then it is something that makes us more motivated to do it. Here lies the problem because we ignore the risk too much. Victory will come when luck arrives, and when luck does not come then in an instant our money will run out using this strategy. I myself prefer to increase the bet amount when the money I bring has increased, and even then I do it with limits. If that limit is touched I will return to my initial bet amount, although sometimes a little disappointed when lowering the bet amount luck comes. But that's gambling. Cheesy

fruktik

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Quote from: bering on September 20, 2024, 01:39:16 AM

I have to says martingale strategy is old fashion strategy which used in gambling and i am sure most of gamblers have already know and used this strategy and several years ago martingale was very popular to be used even some people has successfully to earn money from this method but this strategy cannot be used repetitively because if people didn't luck then their money will run out very quickly so that's why people called martingale is risky strategy which used in gambling and this condition makes people have started not using this method anymore and i personally too never used this strategy anymore because previously i have similar experience just like you that i have been attempts to apply to different games but i always be lost my money during used this strategy

So I wrote that I have exactly the same situation with this strategy. I lost a decent amount of money, trusting this method. No, it will not help in the long run. I can say this with confidence.

I remember the moment when I was happy that I learned about Martingale. My happiness knew no bounds, but everything turned upside down when a black streak of profits began. Then I realized that this was nonsense and nothing more. I no longer applied this approach to games.

Koadharber

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Quote from: Su-asa on September 20, 2024, 02:10:57 PM

Quote from: Oshosondy on May 15, 2024, 04:28:41 AM

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10. From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25. It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

Anything that has to do with doubling or tripling my stakes I don't really do it because of the risks involved, this martingale system isn't profitable in the long run because you might end up having double losses, I will always stake what I can afford to lose whether I'm winning or losing, gamblers use this losing strategy to quickly recover their losses but the more you chase your losses the more you lose more money, even if there's a slim chance of getting your losses back don't do it

There are moments that using martingale would really be having that kind of profitability on the moment that you arent that get struck with some losing streaks and just like the
rest been saying that on the time or moment that you do able to get out or withdraw when you are green then you can consider it out that you had made out some profits but we do all know
that human beings are natural greedy on which they wont really be that get contented on what they had able to obtain. As long they've seen that they do still have the money that they could be able to play
then they would be continuing and would really be that asking for more on which this is really a common approach for most gamblers and thats why they would really be losing up big time.

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Quote from: Oshosondy on May 15, 2024, 04:28:41 AM

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10. From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25. It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

Anything that has to do with doubling or tripling my stakes I don't really do it because of the risks involved, this martingale system isn't profitable in the long run because you might end up having double losses, I will always stake what I can afford to lose whether I'm winning or losing, gamblers use this losing strategy to quickly recover their losses but the more you chase your losses the more you lose more money, even if there's a slim chance of getting your losses back don't do it

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Quote from: nimogsm on September 20, 2024, 08:29:03 AM

Quote from: DiMarxist on September 20, 2024, 07:18:38 AM

Quote from: Oshosondy on May 15, 2024, 04:28:41 AM

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10. From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25. It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

.
When I was new to Gambling I didn't know it was actually called martingale strategy but I was familiar with it because it was a system that I was using in sports betting but I figured out that the longer I continued doing it the higher the chance of losing
I really don't advice anyone to use this strategy but you can try if you have an unlimited bankroll but no one on this planet has that kind of money no matter how rich you are everyone has a limit
Always stick to Gambling with what you can afford to lose, remember that its a game of luck

Probably every player used this method at the beginning of his gambling history. I was immediately convinced that the martingale system does not work at long distances, this can be easily verified in a game like "dice" the game will eat up the balance and the player will quickly spend his entire deposit doubling the bet on winning. Doubling bets is a systematically correct path to 0 on the balance, personally verified.

Even if you do make use of that smallest base bet which is available neither on a crash game or a dice game on which no matter how big your bankroll is, but on the moment or time that long losing streaks would be hitting you then that big capital or bankroll of yours would really vanished into thin air. There's no way on beating up the house on which they would really be always win in the end. There's no such thing about holy grail
method that could be able to abuse or milk out the house on which this one is really that impossible. Somehow there would really be still those gamblers who do make use of this method on which quite that absurd if they would really be keeping on making use of it, knowing that this doesnt give out any guarantees. The key on here on making use of this method is that you should really know on when to get out.

Usually gamblers wont really be that easily get contented on what they do earn or gained on the moment that they do make use of this method and on the moment that they are on green
then they would really be continuing to play and wanting to have more profits and this is something which is a very common gambler behavior.

Natalim

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Quote from: shield132 on September 20, 2024, 07:21:36 AM

Casino with a small bankroll offers a small maximum win limit. For example, a casino with a 100 BTC bankroll will offer you max 10 BTC win on a bet. If you bet 20 BTC with a 2x multiplier and win, you should be paid 20 BTC but the casino will only pay you 10 BTC because that's their maximum winning limit. It doesn't make any sense that a casino will stand with a small bankroll and will not set a limit on winning.

Is this for real? It sounds like a scam. Why not just adjust the system so that if someone places a bet, they limit how much can be accepted? Not everyone reads or fully understands the fine print, and most people think if they bet $100 for a 2x return, they should get $200 back (including the initial bet).

I don’t have 10 BTC either...way too much~~~but casinos should make their rules simpler and easier to understand. Otherwise, people get surprised when they bet above the limit and only win within that cap. Casinos like that might be misleading their gamblers, and that’s just not fair.

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Quote from: DiMarxist on September 20, 2024, 07:18:38 AM

Quote from: Oshosondy on May 15, 2024, 04:28:41 AM

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10. From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25. It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

.
When I was new to Gambling I didn't know it was actually called martingale strategy but I was familiar with it because it was a system that I was using in sports betting but I figured out that the longer I continued doing it the higher the chance of losing
I really don't advice anyone to use this strategy but you can try if you have an unlimited bankroll but no one on this planet has that kind of money no matter how rich you are everyone has a limit
Always stick to Gambling with what you can afford to lose, remember that its a game of luck

Probably every player used this method at the beginning of his gambling history. I was immediately convinced that the martingale system does not work at long distances, this can be easily verified in a game like "dice" the game will eat up the balance and the player will quickly spend his entire deposit doubling the bet on winning. Doubling bets is a systematically correct path to 0 on the balance, personally verified.

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Quote from: Questat on September 20, 2024, 03:07:51 AM

IMO, Martingale is more useful in games with a low house edge, or better yet, if there’s no house edge at all. I’ve used this method in sports betting, and I’ve found some success with it. However, I haven’t tried it using a decent amount of money, so I can’t say for sure if it would work if I took my betting to the next level.

Martingale is not useful anywhere!
It's pure math, if there is a chance of a succession of events happening it will do so, no matter the low odds such a thing will eventually become possible if you play enough rounds, and when it happens no matter the odds you play on 1/2, 1/4, 1/8 it will equivalavet will all your possible gains to date.

Martingale is flawed from the start, even with no house edge you will still lose, roulette, sports gambling, or anything, as long there is a possibility to lose that is proportionate to your potential winnings, you might feel safe by playing with 1 satoshi and you think you will never make it t one whole BTC in betting but you're still making 1 satoshi per win, you will still need 100 million game wins to compensate for such a possible loss.

I sometimes feel like casinos are advertising this method themselves by tricking players into believing it's a bulletproof strategy.

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Thread about Martingale's strategy also exists previously, even as far as I know there are some, and the conclusions that can be drawn are Martingale strategies can sometimes work well so as to provide profit but for the long run even though with unlimited capital can still make players suffer losses.
I use this strategy some times and can be said this is even more risky, especially if played by auto bet, and one thing that can make us finally lose because when got profit the results remain unsatisfactory so that it continues the game and can be ascertained in the long run martingale strategy will only give losses.

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Quote from: DiMarxist on September 20, 2024, 07:18:38 AM

Quote from: Oshosondy on May 15, 2024, 04:28:41 AM

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10. From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25. It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

.
When I was new to Gambling I didn't know it was actually called martingale strategy but I was familiar with it because it was a system that I was using in sports betting but I figured out that the longer I continued doing it the higher the chance of losing
I really don't advice anyone to use this strategy but you can try if you have an unlimited bankroll but no one on this planet has that kind of money no matter how rich you are everyone has a limit
Always stick to Gambling with what you can afford to lose, remember that its a game of luck

For me, this was my very first experience in gambling a long time ago, and I felt like a genius when I started using this strategy. I thought that I was the only one so smart and there was no one smarter than me. Now it’s very funny to remember this, because everyone knows about this strategy. But at that moment I was interested and the excitement completely captured me. I was making bets until at one point I realized that the biggest bet remained, my entire deposit, and then I realized that I was one step away from losing all my money. And this happened, after that I did not play gambling for a long time, I remembered this game. I still remember it, and now I understand perfectly well how it works. But the temptation to make 3-4 bets on martingale is always present for me, I understand that I can’t play forever, because we will lose in any case.

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Quote from: Wapfika on September 20, 2024, 03:14:47 AM

All the point that you provide is accurate especially the max bet amount set by the casino will automatically end the martingale strategy once it reach that limit. However having an infinite amount of money can give you the possibility to win against a casino with small bankroll since you have unlimited resources to beat the house assuming their max bet set was the general max bet of the game provider itself.

No, when you talk about infinite money, you don't consider that casino has a finite winning. Casino with a small bankroll offers a small maximum win limit. For example, a casino with a 100 BTC bankroll will offer you max 10 BTC win on a bet. If you bet 20 BTC with a 2x multiplier and win, you should be paid 20 BTC but the casino will only pay you 10 BTC because that's their maximum winning limit. It doesn't make any sense that a casino will stand with a small bankroll and will not set a limit on winning.

That's why I wrote Doge's example. When the coin is worth 0.0002 USD and the casino lets you bet as low as 0.00000001 coin, this way we are near to testing the infinite money theory that can possibly done in the casino.

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Quote from: Oshosondy on May 15, 2024, 04:28:41 AM

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10. From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25. It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

.
When I was new to Gambling I didn't know it was actually called martingale strategy but I was familiar with it because it was a system that I was using in sports betting but I figured out that the longer I continued doing it the higher the chance of losing
I really don't advice anyone to use this strategy but you can try if you have an unlimited bankroll but no one on this planet has that kind of money no matter how rich you are everyone has a limit
Always stick to Gambling with what you can afford to lose, remember that its a game of luck

Topic: Martingale strategy is a failure if you are consistent with it (Read 1117 times)