Martingale strategy is a failure if you are consistent with it - page 5.

piebeyb

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

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.

Those who use this strategy will only lose when they experience a 20x series of losses and that will drain more money, I have experienced that so my money immediately runs out, I have never seen more than a 20x series of losses as if the casino wanted my money and beat me with a crushing defeat, that's why since then I have never used a strategy like this it will only make me bankrupt, maybe using it just to make a little more money is not a problem because if you are greedy don't expect to win and beat them.

I am a gambler who never believes in a system that is provably fair even though it can be checked by the server seed, but somehow I think it is still not something that proves that I can beat the dealer, I am aware that the casino and the dealer will always win so from then on I prefer allocate almost 90% in sports betting and the remaining 10% of my budget for casino games and have fun because I know I won't win it even if I win I will consider it a bonus not an achievement that I should chase except in sports betting, but it's true that anyone should never try This strategy even though you have more capital, the dealer will always win.

btc_angela

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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.

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Quote from: stompix on May 18, 2024, 07:35:31 AM

Quote from: Porfirii on May 15, 2024, 08:49:00 AM

Eleven times in a row seems almost impossible, but I lost once ten times in a row too. It that's hard to bear in general, so imagine if you followed the martingale strategy...

The record is 39 times for European roulette.
Just a heads up, if you start with 1$ by the time it hit that you would have had to put 2 billion! on the table to win 1!
But never mind that, most casinos have limits on how much you can bet because they are not stupid, so it's usually in the 1k to 10k, meaning you reached that limit even if you win you still lose overall.

Martingale is a strategy I'm sure casinos advertise themselves because it's mathematically impossible to win in the long run!

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.

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Quote from: swogerino on May 18, 2024, 06:04:43 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.

Well,5 times consecutive lost is nothing nowadays,the games are software controlled and they can even make you lose like 100 out of 100 plays,in real life if you toss the dice 100 times to red at least 1 time will come red if not much more or in the black,during roulette playing that is why they have put limits to martingale strategy as if you have unlimited budget you can increase it by playing all day and doubling your amount,so to make a long story short martingale works only in theory,in practice gambling houses and casinos have put limits in place to make it not work,so in other words martingale as a strategy only works in an ideal world,which unfortunately does not exist for any of us.

I also have the feeling they have a script that looks for people who try to martingale and counter that somehow because many people, me included (back in the day) have tried that and had similar results. I wanted to check it purely for entertainment and chose a very very small starting bet with auto betting on, so it automatically doubled my bet with each loss and I had enough money for at least 16 consecutive losses and eventually got liquidated. It took maybe an hour or two, I don't remember, but eventually it came down to 17 losses in a row and I've seen people with even more than that. It's really hard to get even 5 in a row when you don't martingale, but try this strat and casinos will single you out and bankrupt you.

stompix

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Quote from: Porfirii on May 15, 2024, 08:49:00 AM

Eleven times in a row seems almost impossible, but I lost once ten times in a row too. It that's hard to bear in general, so imagine if you followed the martingale strategy...

The record is 39 times for European roulette.
Just a heads up, if you start with 1$ by the time it hit that you would have had to put 2 billion! on the table to win 1!
But never mind that, most casinos have limits on how much you can bet because they are not stupid, so it's usually in the 1k to 10k, meaning you reached that limit even if you win you still lose overall.

Martingale is a strategy I'm sure casinos advertise themselves because it's mathematically impossible to win in the long run!

Quote from: Casdinyard on May 16, 2024, 06:16:45 PM

If Martingale Strat fails on you, that means you're not up for it.

Martingale is a losing strategy!
No matter how much money you have you will end up losing it, you can't defy or outsmart math!

Rabata

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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.

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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.

Well martingale only ever works if you have an infinite amount of money for your bankroll. That's just how martingale naturally rolls. It's a strategy simply because in theory, you're able to recoup your losses as long as you can afford it. And if you can, the few instances you win instantly translate into profit. Outside of that, it's anything other than consistent lol. That's why if I ever do try to martingale due to laziness, I'd always go microscopic in terms of amount. Say I have $100 total to bet, I'd probably bet with 1$ increments only or so, lower even if possible.

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Quote from: _act_ on May 18, 2024, 06:20:22 AM

Quote from: swogerino on May 18, 2024, 06:04:43 AM

Well,5 times consecutive lost is nothing nowadays,the games are software controlled and they can even make you lose like 100 out of 100 plays,in real life if you toss the dice 100 times to red at least 1 time will come red if not much more or in the black,during roulette playing that is why they have put limits to martingale strategy as if you have unlimited budget you can increase it by playing all day and doubling your amount,so to make a long story short martingale works only in theory,in practice gambling houses and casinos have put limits in place to make it not work,so in other words martingale as a strategy only works in an ideal world,which unfortunately does not exist for any of us.

Not even only martingale strategy. I have tried many other strategies and all have the same end result which is failure. What I noticed about the strategies including martingale strategy was that if you try them for short period of time, you can win little amount of money, but after you continue to use it, you will notice that you lost all the money and losses become high. I have looked for many strategies in the past but all failed and I relent because I finally knew that gambling should be for entertaining yourself because it is like the gambling sites are rendering you services to only take your money.

I think you should start with analyzing the game you are playing, if there is a house edge, then for sure no bankroll management or betting strategy that will work in your favor in the long run. You gotta be smart to determine that you are just wasting your time if you intend to succeed in a game that has a house edge. you are right that you can only be profitable in short term but in the long run, everyone losses.

So the point here is, choose a game that does not have a house edge if you want to succeed, or if you just want to have fun and would complely rely on your luck, then you can choose to play in a game with house edge.

_act_

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Quote from: swogerino on May 18, 2024, 06:04:43 AM

Well,5 times consecutive lost is nothing nowadays,the games are software controlled and they can even make you lose like 100 out of 100 plays,in real life if you toss the dice 100 times to red at least 1 time will come red if not much more or in the black,during roulette playing that is why they have put limits to martingale strategy as if you have unlimited budget you can increase it by playing all day and doubling your amount,so to make a long story short martingale works only in theory,in practice gambling houses and casinos have put limits in place to make it not work,so in other words martingale as a strategy only works in an ideal world,which unfortunately does not exist for any of us.

Not even only martingale strategy. I have tried many other strategies and all have the same end result which is failure. What I noticed about the strategies including martingale strategy was that if you try them for short period of time, you can win little amount of money, but after you continue to use it, you will notice that you lost all the money and losses become high. I have looked for many strategies in the past but all failed and I relent because I finally knew that gambling should be for entertaining yourself because it is like the gambling sites are rendering you services to only take your money.

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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.

Well,5 times consecutive lost is nothing nowadays,the games are software controlled and they can even make you lose like 100 out of 100 plays,in real life if you toss the dice 100 times to red at least 1 time will come red if not much more or in the black,during roulette playing that is why they have put limits to martingale strategy as if you have unlimited budget you can increase it by playing all day and doubling your amount,so to make a long story short martingale works only in theory,in practice gambling houses and casinos have put limits in place to make it not work,so in other words martingale as a strategy only works in an ideal world,which unfortunately does not exist for any of us.

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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 with the Martingale strategy is that you really have to prepare a huge capital if you were to implement this technique.

The Martingale strategy requires a person to double their next bet on the value of their initial bet. For example, if a person bets $2 and lost, the next bet should be $4... and so on. Sure, there is that possibility of doubling your money or even recovering all your previous losses from a single bet but this quickly compounds into a huge amount especially if you are on a losing streak.

Take advantage of every winnings that you have when you use this kind of strategy. As soon as you recovered your losses and started winning, plan ahead on the value that you would exit for maximum profitability.

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Quote from: Casdinyard on May 16, 2024, 06:16:45 PM

If it fails on you that means you're literally not financially sufficient enough to support the strat and keep up with the process, cause it requires you to always have a stake no matter how big the losses you incurred are.

I went 5 rounds consecutively and I lost all the money. Did you understand by what I said 5 times consecutively? I meant that I played the game for 5 different times in a roll and I lost the 5 whole times. What if I have gone 6 or 7 times and I continue to lose. If I can lost 5 times consecutively, that means it is possible I can lose more if I continue. It is not about how much money that you have, it is about using just little amount of money to gamble because the house still has upper hand to win your money than for you to win them.

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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.

If Martingale Strat fails on you, that means you're not up for it. The idea behind that strat is to accumulate as much losses as possible in the hopes that in your next roll, you win it all with some more, and then from there reset, which will at the end of the day earn you more money in the long run. If it fails on you that means you're literally not financially sufficient enough to support the strat and keep up with the process, cause it requires you to always have a stake no matter how big the losses you incurred are.

So yeah, it's not for everyone, and it's exceptionally not for people who aren't able to go on a high roll cause this will always require you to go on a high roll. Try and seek out a different win strat that wouldn't require you doubling your bets after losing.

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I must say that you had fun, bro. As you already thought to have doubled your winnings to $25 if the 5 loss you had was successful, even if you won that $25, I feel you would still have had the urge to keep gambling, and you may still end up losing all your money. The first day I played a slot game, I won, but due to how persistent I was, I thought I could win more with whatever strategy was running through my head, but at the end, I lost everything. It happened the day I played Crash. This is the reason why if someone says they are addicted to gambling, I just get this word, "Yeah, it is what it is," running through my head.

Oshosondy

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Quote from: coin-investor on May 15, 2024, 09:16:34 AM

Martingale is so popular among newbies because newbies, when they start to play will search for a method to play or they will discover all by themselves the theory of doubling until you recover your losses, Even when these newbies discover or read articles about martingale they will still ignore the warning because they are attracted on the idea more than the established results.

I did not know about martingale strategy before until I came to this forum. I saw some people that suggested it on this forum but I have not really been using it until yesterday because I am not a person that is using gambling to look for money. I just prefer to visit casinos not quite often at all and I play roulette with just little amount of money. I just decided to try roulette yesterday to see if what people have said about it is true or not but I saw that the strategy can increase the chance for someone to win but also it can increase the chance for someone to lose.

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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 same strategy but may have a different experience, however, if we look at the chances, all of us will still lose in the long run. We are lucky now, but overall we will lose because there's no way to beat the house edge regardless of what strategy we are using. In fact, base on my experience, "martingale strategy" only makes me an irresponsible gambler because I don't accept losses and I want to chase until I'll be in the profitable side.

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Quote from: Sunderland on May 15, 2024, 04:27:41 PM

Quote from: Porfirii on May 15, 2024, 08:49:00 AM

Quote from: Davidvictorson on May 15, 2024, 05:16:22 AM

<...>

-snip-
Dont forget that the previous results will not influence the future outcome, e.g:
(Roulette) Red has won 9 times and for the next round the chances of Red and Black are still the same 50-50.
-snip-

I have found this really difficult to explain to some friends in real life in the past. And they weren't illiterate, one of them even had a degree in chemistry, so he didn't only know about about probabilities and statistics, but also high level calculus.

It seems that it is counter-intuitive, but it is really that easy: every time you gamble, the chances reset after every result.

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Playing roulette is interesting and addictive, especially if we never win. But we have to remember that no matter how much money we use to play roulette, it will be difficult for us to win if we don't have luck. We just hand over our money to the dealer and cannot win the game easily.

But if you can enjoy the game, even if you lose, it's still fun. Unfortunately, many people become eager to try to win and they will use more of their money. It's hard for them to win if they've lost their minds.

The important thing is that you know how much money you can afford to lose. By having that thought, you will take care of yourself and try to reduce the number of large losses. You are just trying to get pleasure from the gambling game you play. After that, you can stop immediately without any problems.

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I am absolutely supporting this because most comments says Martingale will only succeed if you have large capital to sustain the continuity of your bet but for me ? this will be effective once you understand how and when to stand up the table because in gambling the longer you stay is the bigger chances of losing and this is based on my own experience over the years.

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Quote from: Julien_Olynpic on May 15, 2024, 09:44:50 PM

Quote from: lienfaye on May 15, 2024, 05:44:07 PM

In my case, I only use martingale when already desperate to gain back fast what I already lost. It would be good if the outcome is what you expected it to be however we know the chances are 50-50 (i'm playing baccarat btw). If you use this strategy, might as well be prepared to lose and refrain from having a high expectation. This is from my experience before since I rarely gamble nowadays due to loads of work. Often, i'm just playing once a week depending if I have a capital.

I would say that all people use the Martingale strategy mostly out of desperation. The Martingale strategy is based on the desire to win back. However, such a desire very rarely leads to the required results. More precisely, this can sometimes lead to positive results, but it would be better if this did not happen. A person who won thanks to the Martingale strategy won by chance, but it begins to seem to him that this is not so, that there is a pattern in his winnings that can be repeated. In the end, that's what he tries to do. As a result, he faces inevitable collapse.

Maybe it is valid if the set up is high but it can still take more than 1 bets. If a gambler is truly desperate, they will do a max bet / YOLO / all-in, instead. There are gambling strategies who made for us to wager high even by using a small capital/bet but whatever gambling strategy was it, there is only one thing in our head and that is to win.

For those who play for fun, I think they don't need a strategy anymore. With or without a strategy but once a greedy person tastes a profit, they will surely come back. There are still people that even if they don't win at their first try, they still come back because they are only after the entertainment factor of it.

Topic: Martingale strategy is a failure if you are consistent with it - page 5. (Read 1126 times)