Topic: Martingale strategy is a failure if you are consistent with it - page 3. (Read 1117 times)

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.

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.

You are probably right about this the martingale betting system only works those that have unlimited amount of money but no matter how rich you are you wouldn't be able to risk up to a certain amount. Casino games are very unpredictable and some days they might just be out to wreck people. What if you keep on doubling trying to recover and each round you stake on keeps going sideways. The disadvantages of this betting system outweighs the advantages. Gamblers should just stick to betting with what they can comfortably afford to lose

What is going on if you do that experiment is that you have not simulated enough spins of the roulette, so if you were to only simulate a few hundred spins or even a few thousands, there is still a good chance that you could earn money with the martingale strategy, however if you were to simulate one million spins, then regardless of the number of times you ran the simulation, you will always lose, showing that over the long term the martingale strategy always losses.

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.

Yes thats actually true, the strategy is not a failure but the Gambler failed to reap of his profit, but rather continue due to greediness. That is where the problem comes and we often don't admit to it that greed is the most cause of total lose. From $3 -$6 upto $25 if am not mistaken and yet after 4 to 5 consecutive time all was lost to zero. I think if the gambler withdraw his profit when it was high he wouldn't have called it a failed strategy. For me any strategy that multiplies your bankroll to%100 or to %200 above is worthy to be called a good strategy and not a failed strategy. Our problem is greedy because if for example he staked with a higher bankroll $3k instead of$3 when he made that $25 it was supposed to be $25k so it's a nice strategy for me.

If you test Martingale on some simulators, the initial bets of $3-7 with a bankroll of $10,000 and a bet of "always on red" can bring a profit of several hundred dollars. But it seems to me that casino game simulators still differ in real odds from the real game. Casinos have rules that limit the maximum bets. In addition, you can win a good amount of money 30 times and lose it all in one go. This is the Martingale strategy. The main problem is that you can risk a bankroll of $10,000 for a win of a few dollars.

Casinos love the martingale strategy, and that is because while on the short term the martingale strategy may seem to work, since you are recovering your money and a little bit more every single time, eventually if you keep playing long enough, you will lose all the money you had at the casino, as you cannot double your bet anymore, and that is when the gambler will realize that martingale is not the perfect strategy they thought it was, and in fact they will lose way more money with it than if they just kept their bets consistent.

Casinos would really be normally be finding up ways on how to mess up those kind of strategies that could possibly milked up their business and we do know that its been long time that this Martingale strategy isnt something that working in the first place. Never ever on this field or industry on which does proves out that this strategy does really work. It all matters on here on how you would really be able to make yourself that be able to get out or take profits on the time or moment that you are on such condition or simply in winning state. Dont make yourself that being too confident on the moment or time that you will really be winning up
because those winnings would really be totally bust up instantly once you would be able to experience that long losing streak on which this is the only way on blowing up your gambling account balance.

There's no holy grail strategy that could give out advantage towards your gambling sessions because never ever in this industry that they will really be that allowing such strategy could
milk out their business. Somehow there would really be those individuals or lucky gamblers who do make out such big wins without making use of any strategy available but rather
they do simply make out some bets on a casual way and able to hit up some nasty wins.

This system can make or break you, gambling is all about taking risks but it's better to take responsible risks. Using the martingale system in casinos can be very risky,, if you lose a bet and you double up to play the next round what makes you think that the outcome is going to be in your favor. It's 50/50 you might end up losing again and that's going to make you keep trying, multiple trials can empty your account balance.. being consistent with this betting system isn't going to put you in profit, run from it.

If you really loved roulette, you would bet $3.5k, or at least $350. $3.5 looks like a joke towards true gamblers.

Most of the gamblers, after all these activities, either in the direction of profit or in the direction of losses, ultimately come to a similar ending.

Sounds like the slogan of any gambler.

Avoid that Martingale strategy on online casinos games as sometimes it can cause huge losses to the players. I lost so much money in starting days by following that strategy and even modified it to see if that will work or not but to be honest it didn't work even its modified version didn't work for me.

Well, I admit that was something I was not aware of, and don't blame me, I am not a high roller in any way, shape or form...
I have also read that alledgedly casino use other strategies for gamblers not to be able to use Martingale as a successful mathematical strategy to get profits from their sessions. Someone in this forum mentioned it was possible casinos were using three different random number generators at the same time to generate three different numbers for the same outcome of a dice roll, after generated, one of those three is randomly selected to be displayed as the result. I am not a mathematician, but it would seem to be a clever way to break martingale as an strategy, as it is modeled to work with a single dice bring rolled a very high number of times and exponentially increasing one's wager.
It is such a reckless "strategy" and requires such a high wager, that I even doubt rich people would be eager to try it, against their own common sense.

Did he?
I think the martingale strategy is for the greedy people and it's best for those who have deep pockets only. He made mistakes, honestly. In a martingale strategy, once you win you never go back, that's the case for me. You seek another strategy once you have the funds and it's difficult to find a new one.
I've tried it and all I can say is it is not fun when you are losing and there will be a part of you that will say you made a big mistake. Crash is the game I played at that time of testing it and upon watching my balance go down I also saw others doing the same thing having the same result as mine. There's not perfect, accurate, and precise strategy for gambling, all we can do is rely with the system giving us the good results.

Of course , plenty of casinos have quite low limits exactly because of these kind of strategies, some restrict those to $1000 so even if you start rolling with $1 which would be a waste of time anyhow it only takes 10 spins and you're already losing money.

As usual it would be both weird and amazing for casinos to know about this, to be a winning strategy which means they lose money and at the same time for a century to not devise a tactic to nullify them.

Do you mean there would be a time when you have enough money to increase your betting amount while using martingale strategy but the casino will not let you increase the bet? I can remember as I have noticed this on a casino before. You know the time to place money in new round is short which is not more than 15 seconds while on roulette do not let me know what actually happens. Also that I have known martingale strategy to be a way to lose huge amount of money because there are times that someone can go 7 rounds and lose consecutively.

I like seeing those modest bets play out. You’re not being greedy you’re just in it for the fun and that’s honestly when it’s most enjoyable. Good on ya m8 way to show these laddys and ladies how it’s done! I hope you keep winning and I hope we all keep winning, just remember you miss 100% of the shots you don’t take!!

Not even "the rich" can do anything with this strategy, casinos aren't dumb enough to let even that 1% of chance get away from them so they re limiting the bet you can place on a roll, you hit that limit and now you can't double anymore, so even if you're going to win you're still going to lose 50% of your previous bets.
So you're not just competing with pure math, you're doing so on worse terms!


Free games with no money?
If any casino would offer no house edge and simply 50/50 they would be making so little money while the player would be staying there for hours rolling a few dozen $!

I have been playing with a strategy for a while now without knowing its actual name, for me mostly I’m focusing on the Dice game with better chances. I completely forgot the Black/Red option in roulette at first, thinking it might be a better choice until I realized that the 0 number is in Green, meaning it's not a 50% chance of winning the bet. The house edge is actually worse than the dice game I used to play on Freebitco.in.

From my experience, I have learned how risky this strategy can be in a very painful way after draining my balance. You start with just $1 per bet and double it every time you lose, which quickly raises the bet amount in a very short time. I have faced many losses because the actual chances of winning are not 50% and even if they were better chances probably the risk is still high for this strategy.

I'm curious if there's a dice game or any game without a house edge and with a 50% chance of winning. It could be more enjoyable and offer better odds compared to roulette with its lower chances of winning.

This is a false claim. It's not even about consistency and it doesn't work even in theory. You might as well be unlucky and lose with the first try no matter how rich you are. It's not even about being greedy, unless you count everyone losing their gambling budget as too greedy. Why aren't the people who win a lot greedy then?

It's part of the gambler's fallacy and mathematically proven not to work, so i don't understand why people fight math on this.

If you want to read more about why stopping early (not being greedy) doesn't work, here's some quick reading : https://en.wikipedia.org/wiki/Optional_stopping_theorem
In short:

I'll try to simplify why in layman's terms:

In theory martingale only works with unlimited money, but people who say it works even in theory seem to disregard that there's no such thing as unlimited money.
And no matter if you have a networth of Elon or not, you have a change of losing. And more money you have, more you have change to lose. And even if that world richest man started with 10 cent bets, yes, they would have high change to make more pocket money, but eventually, or right away they would risk more and why that would be even worth it? Especially when they get more money pretty much guaranteed by other ways on investing it.