Martingale strategy is a failure if you are consistent with it - page 4.

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Quote from: bering on July 22, 2024, 05:12:56 AM

I thought people have already to leave this strategy because for the current online casinos martingale is very useless however talking about martingale this strategy can be considered as old school strategy because before online casinos very famous just like now people have been using this strategy usually for card game such as blackjack or roulette but we all know using martingale method can only make your money run out faster when gambling

Sports are different from casino games, so maybe this Martingale strategy might work. We can't compare it to casino games and conclude; maybe we should try to make an experiment ourselves to see if it's really effective. I haven't been fully implementing this Martingale strategy in managing my bankroll, but I do something similar with a limit. I might Martingale for three games, and if I lose, I go back to the base amount. Sometimes it works, sometimes it fails, but it's not really a bad strategy if you aren't greedy.

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I thought people have already to leave this strategy because for the current online casinos martingale is very useless however talking about martingale this strategy can be considered as old school strategy because before online casinos very famous just like now people have been using this strategy usually for card game such as blackjack or roulette but we all know using martingale method can only make your money run out faster when gambling

Few years ago i have seen some people talking about to using this strategy to playing dice and some of them even share their own method which they says it can guarantee will be successfull and gets profit but after losing several times using martingale then eventually those people have been realized their mistakes because it's impossible to always win with using one strategy only to playing gambling

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I thought it had already been established in with this gambling community that while gambling, using martingale as some kind of "strategy" to try to seek for money at dices or casinos is rather a faster way to lose ones money.
Besides, since martingale needs the gambler to continuously to increase the wager to make up for the loss, it is easy to come to the conclusion this is a way of gambling which won't be easily adopted by the average gambler out there in the wild. This is rather a way for the rich to experiment new ways to gamble and see if they can land on profit, not a "guaranteed" way for anyone to make a quick buck off the casino.
It has been very few occasions I have witnessed someone here posting positive experiences with them using martingale, actually

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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.

Martingale as a strategy has been working for ages now, but as we all know, it has its pros and cons; it's basically about increasing your stakes upon the number of tickets for every round until you're able to secure a win... The beautiful thing about it is that you stand a chance of bagging a huge win afterwards. It's a general knowledge that whatever has an advantage must definitely have a disadvantage; on that note, you're also open to loses that may drain you in no time, just like what happened to you... So it's safe to say that the strategy isn't meant for the poor.

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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.

There's no way you won't lose money in gambling.. infact, the more you try to not lose much, as long as you're in play, you're certainly losing everything... You just need a little more time.

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Quote from: Findingnemo on July 21, 2024, 03:39:52 PM

Casino games are not controlled by anyone, it's the way it works the probability of winning gives edge to the house let's say succession of rolling a dice is 1/6 which means house has probability of winning 5/6.

Martingale strategy has been proven more often that it does bad than good to anyone who tries whether it's short or long term and I bet people can't even think of it for very long time cause it doesn't take a small losing streak to wipe your entire casino balance.

And most gamblers will say, if only they had more bankroll to continue their game. But that's not it, even if you had, you will surely lose it all because you won't stop playing even if you already hit some good winnings. The usual tendency of the gambler is to push thru his luck up until he wiped out all his bankroll. Because as you level up and so your amount of bet is getting higher, and the chance of losing it all is also very higher.

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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 can be alluring: easy to grasp, and pledging speedy triumphs. Nonetheless, as you have likely found out first-hand, the threat of bid adieu to your entire stash looms large when losses line up one after another in quick succession.

Playing roulette is an entertaining leisure activity and easily accessible by anyone; however, it is advisable that you have self-control when participating. Instead of depending on such high-risk strategies as Martingale, one possible alternative might be to establish a daily gambling budget: once you exhaust the set amount, cease any further plays.

Take pleasure in the gameplay itself, not just fixating on victory. In this manner, you can relish the game without the concern of losing a significant amount of money. Keep in mind that gambling ought to be viewed as a form of entertainment, rather than a source that induces stress or financial adversities.

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Quote from: DaNNy001 on July 21, 2024, 03:19:22 PM

This system actually works for some people but it's very risky, you can't really predict what happens next
Especially if you are into casino games, casino games are controlled by the bookmakers, increasing your stake after losing might be
Disastrous...the martingale system is basically used to recover losses which isn't always advised in gambling
Chasing your losses might only result to you losing more. I agree with you on this, if this system of betting is practiced consistently
It will not be profitable in the end
Always have a specified amount that you shouldn't exceed whether you win or lose

Casino games are not controlled by anyone, it's the way it works the probability of winning gives edge to the house let's say succession of rolling a dice is 1/6 which means house has probability of winning 5/6.

Martingale strategy has been proven more often that it does bad than good to anyone who tries whether it's short or long term and I bet people can't even think of it for very long time cause it doesn't take a small losing streak to wipe your entire casino balance.

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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.

This system actually works for some people but it's very risky, you can't really predict what happens next
Especially if you are into casino games, casino games are controlled by the bookmakers, increasing your stake after losing might be
Disastrous...the martingale system is basically used to recover losses which isn't always advised in gambling
Chasing your losses might only result to you losing more. I agree with you on this, if this system of betting is practiced consistently
It will not be profitable in the end
Always have a specified amount that you shouldn't exceed whether you win or lose

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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.

So basically Martingale is basically useless because infinite fund is basically not a real thing? I think that it's a stupid way to play gambling, doubling your bet when you're losing is a recipe for disaster and it's a bad idea to be doing this anyway, this is how gamblers that are chasing losses basically lose so quickly, they try to make the recovery as fast as possible which is really stupid, I'm sure that it might work in some cases but it's not that often that it's worth doing it. I guess, if we gamble, we shouldn't worry too much about how to do those gambling system, it's probably in our best interest if we just play it how we normally play things, that's much more fun and it will extend your game for a satisfactory duration.

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Quote from: alegotardo on May 15, 2024, 05:49:26 PM

Martingale is a very interesting strategy, but it only works if you combine it with very strict risk management.

Imagine that you have a bankroll of $50, if you start by betting $15 the first time, on the second try you will have already bet more than half of your budget. I say from experience that you need to have a budget to sustain losses of at least 10 consecutive bets.

It is necessary to recognize that the Martingale strategy is not miraculous, it does not last forever and it is often better to leave the game and make the profit while it still exists.

Another way to minimize Martingale risks is to set a maximum multiplication value and whenever you reach it, save half the value or return to the initial bet. Make sure you don't risk the money you earn.

It doesn't work even if you combine it with strict risk management techniques, it will still make you lose everything at the end.

Whether you start with a bankroll of $50 or $5,000, and whether you start betting with $15 or $0.5, you will eventually hit a loss streak big enough to eat up all your funds and leave you with nothing, and this happens, one shouldn't think that they can't lose 20 consecutive bets because it happens in gambling.

I have seen people experiencing loss streaks with 25 bets or more, and I wonder how much money they would have lost if they were using the martingale strategy because if you keep multiplying your bet after each loss, even if you start with as low as $1, after 15 consecutive losses and multiplying the bet, you will be betting $32,768 for the 15th bet.

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Quote from: YOSHIE on May 19, 2024, 09:35:51 AM

Maybe if you want to try to overcome the risks of the Martingale Strategy, there are several strategies that you can maintain and implement.
For example:
1. For example, if you experience an initial win, try to maintain the lot/bet amount of your initial bet, don't be tempted to double the lot/bet, initial position.
2. And conversely, if you lose the bet, consider doubling your lot/bet in the next round.

Bruh, this is how Martingale works, if you lose you double the money, if you win you start with your usual bet!
Your strategy to improve it is the basics of the whole system, you won't change the outcome one bit with those.!

Quote from: YOSHIE on May 19, 2024, 09:35:51 AM

3. Try repeating methods 1 and 2 several times in the position you believe will be the final round.

I''m really curious how would you play Martingale without repeating them cause if you do so you can claim you have invested a new system.

Quote from: Yatsan on May 19, 2024, 11:30:27 AM

I never believed that this strategy would work to majority of gamblers.

It will never work long-term for anyone, no matter how large your pockets are no matter what strategy you employ, incremental bets when you don't win every other single bet you put down are going to make you lose in the end.

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I never believed that this strategy would work to majority of gamblers. The idea is to double the amount you lost on the previous game, for your next bet. What's the assurance that you'd win on the next game? What if you lose? Consistency will just make you suffer from bigger loss. Managing the risk will be best for long run gambling habits. The ones where this strategy could work, but still uncertain of the result, are those who have large bankroll to sustain the increment with betting amount. If you happened to lose consistently then it wouldn't be a surprilse to see you struggling.

Quote from: panjul07 on May 19, 2024, 08:34:42 AM

No matter what kind of strategy you use in gambling especially in luck based game, not only martingale, it will be a failure if you are out of luck.
The more you play, the higher chance you will fail with the strategy although there is also a chance to win but losing chance is bigger.
The main problem is that there are still some gamblers (especially newbies) who are looking for winning strategy because they believe that there is a strategy to beat the house.

Definitely although in other gambling games, strategies, analysis, and assessing the odds of winning will help, everything will still fall on the idea of knowing and determining the result or possible team/player winner but being unlucky will also be a big factor.

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

Martingale strategy is a failure if you are consistent with it

As far as I know, the Martingale Strategy, if you don't control and consider the calculations carefully, for example just one position, the risk could make you go bankrupt in the gambling arena, This generally occurs in the types of Roulette and Crash games where users often use a double bet mechanism, increasing the number of bets means we are increasing the risk that occurs.

Maybe if you want to try to overcome the risks of the Martingale Strategy, there are several strategies that you can maintain and implement.
For example:
1. For example, if you experience an initial win, try to maintain the lot/bet amount of your initial bet, don't be tempted to double the lot/bet, initial position.
2. And conversely, if you lose the bet, consider doubling your lot/bet in the next round.
3. Try repeating methods 1 and 2 several times in the position you believe will be the final round.

Remember, the Martingale Strategy is a risky gambling practice. If you are in doubt, never use a method like the Martingale Strategy. Remember, whatever the strategy in the gambling arena, the risk is still there. For me, betting a small amount will reduce the risk that will occur.

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Quote from: panjul07 on May 19, 2024, 08:34:42 AM

No matter what kind of strategy you use in gambling especially in luck based game, not only martingale, it will be a failure if you are out of luck.
The more you play, the higher chance you will fail with the strategy although there is also a chance to win but losing chance is bigger.
The main problem is that there are still some gamblers (especially newbies) who are looking for winning strategy because they believe that there is a strategy to beat the house.

Yes it's true that every gambling game in a casino is based on luck so it won't be useful to look for any strategy in the end result you will still lose against the dealer, because the dealer always wins and the casino makes money because of the carelessness of its users, gambling is not only about strategy and luck but that It all depends on how the gambler can control himself when gambling, sometimes if a gambler controls himself properly he will know when to stop gambling when he wins.

That's why smart gamblers know when they have to stop playing and when they have to gamble, usually beginners who look for strategies and experience wins will never be satisfied because they can't control themselves well, so they become addicted to gambling and can't stop, eventually losing. to bankruptcy, luck and strategy are needed but it all also depends on how the gambler manages his emotions and controls himself when he wins or loses, knows what to do, we are also not hypocritical about this, sometimes when we win we don't try to stop gambling, instead we want to continue gamble and end up losing.

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No matter what kind of strategy you use in gambling especially in luck based game, not only martingale, it will be a failure if you are out of luck.
The more you play, the higher chance you will fail with the strategy although there is also a chance to win but losing chance is bigger.
The main problem is that there are still some gamblers (especially newbies) who are looking for winning strategy because they believe that there is a strategy to beat the house.

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Quote from: bettercrypto on May 18, 2024, 08:13:17 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.

I've also experienced that martingale method, where you are happy at first when you win, but when you lose one after another, it's the kind of thing where you can throw stones at things you suddenly grab.

Then the worst thing I experienced was 15x, and every time I lost, I did it if the amount was x3. Of course, when it's x15, that's a big amount, but your starting size is not like that; of course mine is only a small amount.

Its important not to rely on this strategy since we know that any methods we use cannot give us any winning guarantee that's why sometimes its better to explore other things that what can make you feel enjoy your game. Since if you focus to use that strategy for thinking that you can earn a lot of money then for sure you will just get disappointed once bad luck hits and whatever you do a losing streak will occur.

I didn't experience to encounter 15x especially when I'm losing since if I experience maybe more than 5 bad streaks I immediately end my game since it didn't give me any comfortable feeling since I always think about that I could lose more if I continue since the bad luck sign is showing so its better to quit than feel sorry for the huge lose we encounter.

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Quote from: Hirose UK on May 18, 2024, 10:57:52 PM

I personally believe that Martingale is much more confident that the more money use to continue betting, will definitely win.
For example, in the roulette game with red and black color options, when we bet money with the martingale strategy for one red color and actually win, it will definitely happen because it is impossible if it only falls on black.

So why aren't you right now in your 3000 room mansion in the Bahamas counting your 1 million BTC?
You've just managed to find out a strategy which is impossible to lose, why don't you apply it in real life? Oh wait!

Quote from: Eternad on May 18, 2024, 07:41:12 AM

On point. Casino set the max bet so that whale players can’t manage to recover quickly using their huge size bankroll but rather force them to engage on long term gambling to slowly recover their huge losses which in theory they will just keep losing due to house edge.
Max bet and Max win is the way for the casino protect their business against high roller players that has a huge size bankroll.

Seems like almost nobody here is aware of this, and the number of guys that still preach about Martingale being a good strategy if you have "enough" money makes me think that most of the people here don't even gamble and don't even have a clue about gambling, they post things they think are true or have heard/read before. If Martingale had been a winning strategy you would have thousands of rich gamblers and hundreds of bankrupt casinos, yet none of that is happening, because you can't defy math and probabilities, simple as that!

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Quote from: btc_angela on May 18, 2024, 07:44:02 AM

Quote from: Rabata on May 18, 2024, 07:17:57 AM

According to calculations, Martingale method can be profitable but must be played according to that style. Many people worry about their bankroll after placing a few bets on the Martingale method. Moreover, this method can be more risky for those with smaller bankrolls. If they lose several bets in a row, they lose the ability to place the next bet. If there is enough money then I support this degree but it is not very suitable for those who do not have financial support. Whatever strategy we use there is no way to ignore luck in gambling.

Profitable in a martingale system = luck as well. Of course, if you are going to used this strategy, you might as well be looking at your bankroll, and the bigger the better. But in the end, if you are unlucky then regardless how much big your bankroll is, you will end up losing everything if you suffered consecutive losing streak.

That's why even if this is a famous strategy it doesn't mean that you will have a guaranteed winning with it. This is just for you to at least get break even if you losses like x times and then win just one game. But still really depends on how big your bankroll on how you much is your starting bet.

A gambler will always have confidence, those who believe they will win with certain strategy will really pursue it or try to win by using that strategy.
Like martingale, which is betting strategy to increase chances of winning with bigger returns, really have to prepare large amount of money for this strategy.
Regarding luck, no one can argue that without luck there is only defeat, but those who are truly gamblers at heart don't care about that because they believe that after losing streak there is also victory.

I personally believe that Martingale is much more confident that the more money use to continue betting, will definitely win.
For example, in the roulette game with red and black color options, when we bet money with the martingale strategy for one red color and actually win, it will definitely happen because it is impossible if it only falls on black.

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Quote from: bettercrypto on May 18, 2024, 08:13:17 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.

I've also experienced that martingale method, where you are happy at first when you win, but when you lose one after another, it's the kind of thing where you can throw stones at things you suddenly grab.

it's mostly the emotion that we failed to carry. losing streak is bad, more so that you are using a martingale strategy, it doesn't make sense at all because you'll feel the high pressure in betting the higher your losing streak are. That's why I recomment flat betting, just choose the right pick and win most of them, at least that way you can enjoy a profit and you'll not build an attitude of beting greedy.

Quote from: bettercrypto on May 18, 2024, 08:13:17 AM

Then the worst thing I experienced was 15x, and every time I lost, I did it if the amount was x3. Of course, when it's x15, that's a big amount, but your starting size is not like that; of course mine is only a small amount.

15? That's too unlucky of you. I'm wondering what was your starting bet?

just imagine this 10 losing streak with $10 starting bet.
https://www.gamingtoday.com/tools/martingale/

Quote

$10 ($0)
$20 ($10)
$40 ($30)
$80 ($70)
$160 ($150)
$320 ($310)
$640 ($630)
$1280 ($1,270)
$2,560 ($2,550)
$5,120 ($5,110)

you need to wager $5k just to win $10? How would you feel if you are in that situation?

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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.

I've also experienced that martingale method, where you are happy at first when you win, but when you lose one after another, it's the kind of thing where you can throw stones at things you suddenly grab.

Then the worst thing I experienced was 15x, and every time I lost, I did it if the amount was x3. Of course, when it's x15, that's a big amount, but your starting size is not like that; of course mine is only a small amount.

Topic: Martingale strategy is a failure if you are consistent with it - page 4. (Read 1117 times)