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Topic: Martingale strategy is a failure if you are consistent with it - page 7. (Read 1117 times)

legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
This strategy doesn't really suit me since I got to know gambling until now it has never been profitable in fact I'm sure almost all beginners use this strategy to gamble because there are several automatic features in casinos that provide buttons with this martingale strategy, that's why people always try it in the end. lost and ran out of a lot of money, I even tried changing it in such a way as to regulate the number of rounds and increase the bet when I lost, but it didn't last long, in the end I lost again, so don't ever try this unless it's just for fun.

But when you try it in a demo game with fake money, the game using this strategy looks easy and you can win easily, maybe that's what is called marketing from the casino so that we can enter using real money and gamble using their automatic spin feature and use this martingale strategy then end up losing the money even until it runs out, even though there are limits to stopping the game when limiting the number of wins and losses, but I'm sure it won't be used by gamblers because they want to try to win big from the results of this strategy even though this isn't really true. profitable even if the gambler has enough money. My advice is don't try it
member
Activity: 224
Merit: 42
Martingale can be practice consistently for those with enough liquid funds assign for gambling, but for some looking to win at least have a small profit before closing for the day. I strongly suggest after you have recovered your loss or have any winning, return to the normal strategy than allowing the quest for more take you down.

Another thing is that OP was, expecting more after all the recovery he was still firing though he has learnt.
 One of my rules is after recovery quit.
hero member
Activity: 2996
Merit: 598
Leading Crypto Sports Betting & Casino Platform
I can agree with your assessment the longer you play using Martingale, the more likely you are to lose money Martingale sounds good but when implemented, you will see how bad it is, and yet we are attracted to it because it is backed by logic, I can't remember how many times I used it and I even employ from time to time out of curiosity or I just want to play just for the sake of playing.

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.
full member
Activity: 434
Merit: 202
Duelbits.com
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 fact thst you knew when to stop and probably exit the casino was across a very good one because some persons actually don't get to know when to stop playing rather they just keep playing because they were able to get few wins at the first trial, they will just tend to continue and not know when to stop tull they end up loosing all of their funds to the casino and that becomes a problem to them because they no longer have the capacity to continue a d in some cases have nothing to fall back a lt again after probably loosing almost all they have got to the casino as at that time. After exiting for thst day, you can try another day and very likely you could get lucky and be able to win .

Gambling isn't something thst should be done to make money buy for fun just you did mentioned you don and rhst way it helps you gamble even ber and in some cases increasing your chances of winning because you place informed bets.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
You did well. Martingale roulette wins are exciting, right? However, every streak (winning or losing) ends. Gamblers who enjoy themselves are the finest. Gambling's fun, people! You must be smart about it, like everything else in life. wager within your means, know when you're up, and never wager more than you can afford to lose.

Your experience is a great self-control lesson. Self-control is crucial to winning at the casino, in business, and in politics. I know my stuff. Next time, plan beforehand. Determine how much you're willing to win and, more crucially, lose. You can keep the pleasure going without breaking the pocketbook. I promise thats the finest strategy to defeat the house, and winners do it!
legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
Thank you Oshosondy for sharing your experience. As for me, the first time I went to a online casino, I mate played roulette, and because I had heard so much about the Martingale strategy, I decided to test it. I lost 11 times in a row. I came to the conclusion that this strategy is good for quick in and out betting but long term the odds remain the same. It’s still the best overall approach. Just realize that when you start with $2, you lose in a succession. All those bets are simply to win back your initial $2 which I consider a slow growth.

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...

If you are lucky you can beat the house in a few games, but the longer you play the bigger the chances to lose. The problem is that if you go all-in you don't enjoy the game, and there is no second chance if you lose, but if you play infinite times big numbers theory states that you will end up losing for sure. So the clue is in the balance, and martingale doesn't work because it is not balanced: it tempts fate too many times.
legendary
Activity: 1708
Merit: 1280
Top Crypto Casino
This strategy is double the wage to gain back the losses and double the losses once you fail to win the game, I do strategy of martingale is once I won after lose streak I make another bet from the start like if I wage and lose I use this strategy and then once I earned back my loses and take at least small amount of profit ill go back to the original strategy, well sometimes its quite effective in my part but sometimes of course not, so I keep changing games than taking this strategy.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
That's why this is a strategy for those with deep pockets. It will never work for an average Joe with an average money. Grin I am not saying you are but many are.
There will be a part where it gets scary like what happened to you. We will be scared to lose more money in the process because it will grow to an amount that we cannot afford to lose anymore. I bet even those with deep pockets will be reluctant to continue on if they see the amount they will lose if ever it goes south.
I have done this strategy only once in my life and it's through the game Crash in Stake.com originals. I was so scared that it might not hit x2 so I cashed out at x1.30 only which means I have not gained back what I lost completely, just a part of it. And that is where it becomes a problem for those who are using that strategy.
hero member
Activity: 2086
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
I think every gambler has tried the Martingale method once, and in theory it's perfect  Cheesy

I remember a few years ago I tested it with dice, and as I used cryptos, I had enough decimal places so I didn't need to have such a high value, but it was a considerable amount
At first it worked well, but I had a losing streak, I think it was 12 or 16 I don't remember exactly, and I lost my entire bankroll hahaha
It seems impossible to lose 12 or 16 bets in a row, but it's not
I learned martingale strats on youtube thought that it was a great strat to earn money.
I think all of us knew the result that I got, I left it running and continue my day since that is what I saw on youtube.
When I come back I laugh and learned not to trust all video online.
legendary
Activity: 2366
Merit: 1408
I think every gambler has tried the Martingale method once, and in theory it's perfect  Cheesy

I remember a few years ago I tested it with dice, and as I used cryptos, I had enough decimal places so I didn't need to have such a high value, but it was a considerable amount
At first it worked well, but I had a losing streak, I think it was 12 or 16 I don't remember exactly, and I lost my entire bankroll hahaha
It seems impossible to lose 12 or 16 bets in a row, but it's not
legendary
Activity: 2562
Merit: 3477
Martingale is interesting because there are very long sequences of winning or losing, in which you can either win a large amount or lose a large amount. This is always a fun statistical and math experiment. It sometimes happened to me that there were sequences of several dozen losses in a row and several dozen wins. But, naturally, this was for small amounts, because Martingale is generally unsafe. But in general, I would like to know what attracts people to Martingale? Why do such fairly simple actions bring so much emotion to people?
hero member
Activity: 938
Merit: 605
Leading Crypto Sports Betting & Casino Platform
I am someone that's very frugal  with exhausting money at a go, and I can say it vividly, martingale strategy in gambling is not for the low budget gamblers and maybe when we all know this we will know peace and stick to the lane that will be favourable with our budget while we tend to be consistent with it.

The few weeks I incorporated the martingale strategy for the first time into my gambling just to test how profitable it could be, I lost more than I could imagine and I concluded that it's not a strategy for a low budget gambler like me. It's a strategy that if you are not cautious with it can drive you into loss chasing without you knowing because, It's a strategy that demands you still  be consistent even under a streaks of losses...  how possible is that?

legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
Nope its not actually a failure but rather it depends on the person who's using it since if they have a attitude where this people became so greedy when getting good profits on one of their gambling activities done then provably this will really result to a failure since greedy individuals are usually goes broke because they don't have something to follow and they lack of discipline so result is really bad for them.
Martingale is a good strategy but it is also a bad strategy. It is good because it can increase the chance of a gambler to later win huge amount of money if he still have bank roll that is enough to win huge, but ones you lose like 5 times continuously, it would be a big loss. The best is to not gamble for money because martingale strategy is likely to fail and it would be a big loss for the gambler in a way he may not be able to recover the losses ever again. I prefer to gamble with just little amount of money and not go for strategies that I know will bring me problem of money loss.
sr. member
Activity: 1022
Merit: 277
★Bitvest.io★ Play Plinko or Invest!
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.

we can apply the martingale strategy if we have enough money or funds that can sustain our gambling session on that day, because doing this strategy we need a sufficient amount but if we feel that martingale doesn't work for us anymore, much better if we should stop and change our strategy because we will only run out of money if we always lose and every time we lose, we double our bet because of the idea that maybe once we win, it is possible for us to gain a lot of money in return.
legendary
Activity: 3248
Merit: 1179
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.

As the title of your thread says, any strategy fails if overused, but as you can see a bigger problem than choosing a strategy is our greed. If I understood correctly you started with $3.5 and managed to get to $18, that should have been a nice game and that's the moment when you should have stopped the game. But greed is what we all face and often lose because of it, I think something like this has happened many times to each of us, at least to all of us who gamble often. Many times I also made x2 and much more, but I did not know/want/wished to stop and I lost both profit and deposit. It's gambling and when we are excited it's easy for us to get carried away and to believe that we can win even more...

You don't need to have a boring day just because you lost some money... you enjoyed the game and you lost, next time try to stop on time and everything will be fine. It's something we all need to learn, and more importantly to remember to apply that in the heat of the game.
hero member
Activity: 1148
Merit: 796
By theory, martingale strategy will work if you have a lot of money, while in this case you didn't have a lot and you try to use martingale strategy, it's why your money can run out fast. I'm not saying that martingale strategy is a legit strategy to win in gambling, but you didn't meet the requirement to use martingale strategy, so we don't know how it will goes when you have a lot money.
hero member
Activity: 2632
Merit: 833
I have used it many times in the past, and I have had the same results, sometimes good, most of the time bad. If you're going to use it, be sure you know when to quit. It's not a good strategy if you want to make a profit, and it's tiresome to think you are spending more bets and taking time to recover your initial amount. The chances are not that high.

Your bankroll should be high enough for you to recover and win. The longer you play using martingale, the slimmer your chances to win or recover your loses.

Right, it just shows that there's no perfect strategy in gambling, and it's really hard to gauge how long this strategy is going to work, thus we should all know when to stop and quit as to not to lose any more money. Bankroll should be high enough for you to make a run and then stop the bleeding to recover with that one win. But if you continue to used this strategy and you don't have that bankroll, for sure all your money will be eaten in just a couple of rolls regardless if it is baccarat, dice or roulette games. And we have heard stories like what the OP describe or his frustrations using this martingale or even reverse martingale.
hero member
Activity: 2926
Merit: 567
I have used it many times in the past, and I have had the same results, sometimes good, most of the time bad. If you're going to use it, be sure you know when to quit. It's not a good strategy if you want to make a profit, and it's tiresome to think you are spending more bets and taking time to recover your initial amount. The chances are not that high.

Your bankroll should be high enough for you to recover and win. The longer you play using martingale, the slimmer your chances to win or recover your loses.
sr. member
Activity: 504
Merit: 254
Yeah. That was just me because I have been on that martingale strategies in several times.
I would usually have a target to win and when I wins, I will always want to upgrade to win higher amount and while chasing the higher price I lost it all.

I will reinforce and bet again to recover my lost and just live but once I am lucky to the recovery, I will still dare the game to win up to the initial amount I won before, of I am also lucky, I will still want to win higher and higher and my consistence on chasing this higher prices and recovery my lost always causes me to lost more and only self discipline and determinations would let me walk out and stop gaming at that moment.
hero member
Activity: 1120
Merit: 887
Livecasino.io
Thank you Oshosondy for sharing your experience. As for me, the first time I went to a online casino, I mate played roulette, and because I had heard so much about the Martingale strategy, I decided to test it. I lost 11 times in a row. I came to the conclusion that this strategy is good for quick in and out betting but long term the odds remain the same. It’s still the best overall approach. Just realize that when you start with $2, you lose in a succession. All those bets are simply to win back your initial $2 which I consider a slow growth.


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