Martingale strategy is a failure if you are consistent with it - page 2.

TravelMug

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Quote from: shield132 on September 20, 2024, 02:56:30 AM

Quote from: tsaroz on May 15, 2024, 04:43:59 AM

I have a similar experience with martingale. Ideally martingale works if you have infinite fund to start with, if you keep double or covering the last bet loss with every new bet. The reason why our martingale stops is we don't have enough money or patience.
Back than there used to be a gambling site that allowed auto running strategies and let us go as below as 1 satoshi per bet. I had enough bitcoins and did started my bet on 1 satoshi. Running it all day, I earned something 3000ish satoshi everyday. But running it as such for such small profit was frustrating. I got bored and increased the minimum to 100 satoshi busting it in a few hours.

No, martingale doesn't work even if you have an infinite amount of money. Years ago, on Fortunejack you could play with as low as 0.00000001 Dogecoin. Back then the price of 1 Doge was as low as 0.0002 USD. I was playing with as many as 2000 doge coins with the lowest bet of 0.00000001 doge. I left a dice game on automatic, traditional martingale strategy. After 12 hours of unstoppable gambling sessions, I lost 2000 dogecoin. During that moment I was upset but now I realise that that was expected to happen because the dice game has 1% house edge which gives the casino an advantage and the odds are 49/51 against you. Long-term, it gives a guaranteed profit to the casino. It doesn't matter how much money you have, the more time you spend playing martingale, the higher the chance for a casino to end with profit.

Yes, I think gamblers already know that kind of odds, the longer you play, the higher chance that you are going to be busted by the casinos. And that's why martingale is not going to work in the long run, even if you have a lot of money.

Personally, I just tried martingale and it's really worst when you thought that you can recover from early losses, so just imagine after 5 consecutive loss (if you are really that unlucky), your bet will be very large just to recover. And then there is also the table limit, so even if you have a lot of money, if there is a bet limit on the game you play, then it will really affect your chance to win back, making it impossible to recover losses using this system.

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

Quote from: shield132 on September 20, 2024, 02:56:30 AM

No, martingale doesn't work even if you have an infinite amount of money. ....

You can't beat a casino that has a house edge, and even if you had infinite money (which is impossible), you still couldn’t win against the casino. Why? Because they set limits, and you can’t argue with that, it’s part of their rules.

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.

You probably overlooked what you quoted because you are both describing that you can’t beat the house using martingale.

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.

Questat

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Quote from: shield132 on September 20, 2024, 02:56:30 AM

No, martingale doesn't work even if you have an infinite amount of money. ....

You can't beat a casino that has a house edge, and even if you had infinite money (which is impossible), you still couldn’t win against the casino. Why? Because they set limits, and you can’t argue with that, it’s part of their rules.

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.

shield132

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Quote from: tsaroz on May 15, 2024, 04:43:59 AM

I have a similar experience with martingale. Ideally martingale works if you have infinite fund to start with, if you keep double or covering the last bet loss with every new bet. The reason why our martingale stops is we don't have enough money or patience.
Back than there used to be a gambling site that allowed auto running strategies and let us go as below as 1 satoshi per bet. I had enough bitcoins and did started my bet on 1 satoshi. Running it all day, I earned something 3000ish satoshi everyday. But running it as such for such small profit was frustrating. I got bored and increased the minimum to 100 satoshi busting it in a few hours.

No, martingale doesn't work even if you have an infinite amount of money. Years ago, on Fortunejack you could play with as low as 0.00000001 Dogecoin. Back then the price of 1 Doge was as low as 0.0002 USD. I was playing with as many as 2000 doge coins with the lowest bet of 0.00000001 doge. I left a dice game on automatic, traditional martingale strategy. After 12 hours of unstoppable gambling sessions, I lost 2000 dogecoin. During that moment I was upset but now I realise that that was expected to happen because the dice game has 1% house edge which gives the casino an advantage and the odds are 49/51 against you. Long-term, it gives a guaranteed profit to the casino. It doesn't matter how much money you have, the more time you spend playing martingale, the higher the chance for a casino to end with profit.

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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.

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

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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.

Every "gambling strategy" fails in the long run. Maybe that's why some gamblers decide to switch different gambling strategies or play with martingale for a bet or two. I've seen people on forums like Cracked and Nulled promoting an auto-betting script for the website Coinscrash.
The script basically switches martingale and with reverse martingale and other betting strategies, so that it keeps "consistent" wins. I think that this might be a scam, but it's being promoted for free. Some people claim that the script has been created by AI, but I don't believe this.
Anyway, just bet small amounts and play for fun with martingale or any other "betting strategy".

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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.

Hahaha...it turned into a boring day simply because you lost but fun simply because you were winning.

Jokes apart, you should make sure you maintain a low budget if you indeed want to gamble for fun, otherwise, it will ruin the party for you, and it gets annoying as well if one cannot tame his emotion but continue to gamble unstoppably. It won't be cool if the money now increased and he later lost it, which is why we should preplan our sessions too and limit it as much as possible. We should always be conscious that we are playing against an algorithm that we can never beat. So if the system can relax at times for us to be lucky, let us maximize the luck and take a reasonable break ASAP.

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Quote from: fruktik on September 20, 2024, 01:14:23 AM

Quote from: Oasisman on September 19, 2024, 10:47:30 PM

We all know that martingale is not actually a strategy that really works, in fact it is actually a trap on how to run out of funds in no time. There are still people who believe it works maybe because they win some without even realizing how many times they have lost with the same strategy. But then again, they can ignore it due to the fact that martingale is the fastest way to recover losses and win some all at the same time. I think they're fond with the saying "huge risk, huge return". But! it's a huge lose as well most of the time lol.

It's still funny when the Martingale strategy is applied to gambling. Well, it doesn't work and that's it. How many proofs and examples can you give? You can find similar information on the Internet yourself.

I tried to apply it to various games for several years, but all to no avail. In the end, I was left with empty pockets. It's sad that I had to go through this personally. It's good that I managed to gain such experience. Believe me, it's priceless.

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

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Quote from: Oasisman on September 19, 2024, 10:47:30 PM

We all know that martingale is not actually a strategy that really works, in fact it is actually a trap on how to run out of funds in no time. There are still people who believe it works maybe because they win some without even realizing how many times they have lost with the same strategy. But then again, they can ignore it due to the fact that martingale is the fastest way to recover losses and win some all at the same time. I think they're fond with the saying "huge risk, huge return". But! it's a huge lose as well most of the time lol.

It's still funny when the Martingale strategy is applied to gambling. Well, it doesn't work and that's it. How many proofs and examples can you give? You can find similar information on the Internet yourself.

I tried to apply it to various games for several years, but all to no avail. In the end, I was left with empty pockets. It's sad that I had to go through this personally. It's good that I managed to gain such experience. Believe me, it's priceless.

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Quote from: Fortify on August 06, 2024, 03:21:04 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.

Calling martingale a strategy is like calling burning money a strategy. Most people gamble because they want to get rich, which suggests that they are starting with a comparatively small pool of money, and most big casinos will have quite large reserves which are many times bigger than the average player. If we are considering that every play is equivalent to a 50/50 chance of winning (it's not - the house always has at least a slight advantage), then you are guaranteed to run out of money long before the casino runs out of money, it's a simple numbers game. It also relies on greed, which is where the casino always makes it's money back - a player simply doesn't know when to take the money and run.

I agree with what you said, if you say every game opportunity is equal to 50/50 it is not true because in any case in all existing games there is a dealer who certainly has a greater advantage than the player, therefore the chances of winning for the player tend to be smaller, even with them using any strategy I think it cannot exceed the chances of winning owned by the dealer. So in essence the dealer will still win even though the player has a strategy that is considered accurate. The victory or profit that can be obtained by the player is not certain, therefore they will not know when they will be able to withdraw with their victory, besides gambling is basically an entertainment so do not expect too much that we can always get profit from every gambling that is done, because that is possible it will only make things worse.

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Quote from: Poker Player on September 19, 2024, 10:04:27 PM

We have explained this repeatedly and it is very simple, but no matter what, there are always people who insist that it works, or that they have found a variant that works. Just look at some people in this thread. They are quite profitable for casinos, lol.

We all know that martingale is not actually a strategy that really works, in fact it is actually a trap on how to run out of funds in no time. There are still people who believe it works maybe because they win some without even realizing how many times they have lost with the same strategy. But then again, they can ignore it due to the fact that martingale is the fastest way to recover losses and win some all at the same time. I think they're fond with the saying "huge risk, huge return". But! it's a huge lose as well most of the time lol.

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Quote from: Jaycoinz on September 19, 2024, 03:20:36 PM

The martingale strategy is a common betting system that gamblers use to try to recover their losses, but do you think using this strategy is worth it. First of all consider the risks of doubling your stakes to try and chase your losses don't you think it would end up being a double loss? Casino games are quite tricky, you can't predict the outcome of the next round after losing the initial round, instead it's wise for you to maintain the same stake or consider even going below it so you don't end up losing everything you have trying to chase what is already gone

It's not worth it to use this strategy for recovering. You're holding a double-edged sword by choosing this as your way to recover. Because if someone uses martingale and then losses everything and another set of this strategy is to follow up those losses, I don't know what kind of gambler that is but an obvious addicted gambler and it's hard to control on that situation when losses are followed by losses as well and in the end it become much bigger.

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We have explained this repeatedly and it is very simple, but no matter what, there are always people who insist that it works, or that they have found a variant that works. Just look at some people in this thread. They are quite profitable for casinos, lol.

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Purely theoretically, the Martingale strategy always has a chance to earn a fairly large amount of money for the player. After all, if there can be long series of losses, then why can't there be a long series of wins? This can very well happen. The author of the topic, as far as I understand, makes quite a few attempts to catch this long series of wins. However, for some reason it seems to me that before the first such win, the author will lose a fairly large amount of money. This happens because long series of wins are an extremely rare event.

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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.

The problem I had too m8! I started with 10 and got to 180 and got cocky in roulette and out it all on black and lost it all lol. 😂 oh well. The 10 I can get back but man I wish I had that 180 at the time still

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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.

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Quote from: Oshosondy on September 19, 2024, 03:05:29 PM

I have been gambling in casino for more than a year or two now, this is true. I have tried many strategies but I noticed that I lost money than win. Thank goodness that I am using small amount of money for it. Martingale strategy was the first strategy that I tried out and it went into a failure. I tried some other strategies and all failed also. It is good to always know that once you deposit money on a casino, the chance to win and withdraw money is very low. Most likely the money deposited will end up as loss.

It's worst in slots. You get like 10-20 wins out of 100 rounds which means a gambler must have those high multiplier wins to receive the ROI. So if we input the Martingale strategy here, we are just going to lose more if that high multiplier will not come out and it's based on the algorithm set of the game provider which we know nothing about.

I can only see Martingale being successful in short runs with high RTP games and they are very rare. We must get out once we get that win and probably switch to a new game afterward. Because long term using this strategy is just going to ruin your capital and it will just frustrate us in the end on why we still tried to continue on.

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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.

The martingale strategy is a common betting system that gamblers use to try to recover their losses, but do you think using this strategy is worth it. First of all consider the risks of doubling your stakes to try and chase your losses don't you think it would end up being a double loss? Casino games are quite tricky, you can't predict the outcome of the next round after losing the initial round, instead it's wise for you to maintain the same stake or consider even going below it so you don't end up losing everything you have trying to chase what is already gone

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Quote from: milewilda on September 19, 2024, 02:57:52 PM

Every strategy doesnt give out assurance that it would really be something give that iwnning thing on which means that you should be wary at least that no strategy does give out that sure profits or winning.
I do agree into the words you've said about burning money strategy when we do speak or talk about martingale on which this is indeed true because on the moment that you would be losing up a roll
then you would be doubling up your base bet and so on. Yes, it could be profitable but once that losing streaks hit you up then it would really be something that will be ending up on a blown gambling account
or simply your gambling capital or bankroll would vanished in thin air. I have that worst experience on using up this strategy on which i could say that this is the fastest way on blowing up your gambling bankroll. lol

Actually this is something a strategy that is commonly used on dice,crash games and other casino based type of games. Being consistent with it? Its not bad as long you do have that budget
allocation for gambling session and wouldnt be ending up on depositing more on the time that you have blown it all. Play according into your leisure needs and never intend to chase up loses
because this is something that will make things even more messier.

Yes, that's right bro, we shouldn't be too fanatical about strategies that you yourself are not sure about, the tricks and strategies are better than yourself because we are not the ones doing it all, maybe their strategy is profitable for themselves but not for us. profit and luck are in each of us, so remain careful in gambling, don't get caught up in failure which will make us lose a lot of money, sometimes we can stop in the middle when we are on a losing streak, maybe not today good luck comes to us, we can try again tomorrow, don't be lustful on the same day after being defeated in a row, we are left sleeping in losses.

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Quote from: milewilda on September 19, 2024, 02:57:52 PM

Quote from: Fortify on August 06, 2024, 03:21:04 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.

Calling martingale a strategy is like calling burning money a strategy. Most people gamble because they want to get rich, which suggests that they are starting with a comparatively small pool of money, and most big casinos will have quite large reserves which are many times bigger than the average player. If we are considering that every play is equivalent to a 50/50 chance of winning (it's not - the house always has at least a slight advantage), then you are guaranteed to run out of money long before the casino runs out of money, it's a simple numbers game. It also relies on greed, which is where the casino always makes it's money back - a player simply doesn't know when to take the money and run.

Every strategy doesnt give out assurance that it would really be something give that iwnning thing on which means that you should be wary at least that no strategy does give out that sure profits or winning.
I do agree into the words you've said about burning money strategy when we do speak or talk about martingale on which this is indeed true because on the moment that you would be losing up a roll
then you would be doubling up your base bet and so on. Yes, it could be profitable but once that losing streaks hit you up then it would really be something that will be ending up on a blown gambling account
or simply your gambling capital or bankroll would vanished in thin air. I have that worst experience on using up this strategy on which i could say that this is the fastest way on blowing up your gambling bankroll. lol

I have been gambling in casino for more than a year or two now, this is true. I have tried many strategies but I noticed that I lost money than win. Thank goodness that I am using small amount of money for it. Martingale strategy was the first strategy that I tried out and it went into a failure. I tried some other strategies and all failed also. It is good to always know that once you deposit money on a casino, the chance to win and withdraw money is very low. Most likely the money deposited will end up as loss.

Topic: Martingale strategy is a failure if you are consistent with it - page 2. (Read 1126 times)