Topic: Martingale System (Read 11573 times)
I have seen the craziest stuff happening with people that martingale, I know some 1 that made 200x of what he started with, than he lost it all=P
why does everyone even try it then? 
because it´s easy, it´s fast and it works very well until fail
why does everyone even try it then?
You may better try that system on Freedoge.co.in
It is doesn't work
but this should not be surprise
the martingale system is more of a martinfail system, unless you have a unlimited huge bank roll.
You may better try that system on Freedoge.co.in
With Martingale, you will risk to lose everything.
This is true for all gambling. So don't gamble more than you can afford to lose.
On the long term , the chances of winning are lower than lose.
So you need to set a target and stop when you reach it.
is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.
maybe it worth but u need have many bitcoin before u think play gambling with martiangle... and u know what risk if u gamble
I tried Martingale System and I can say with certainty that Martingale almost allways fail. The main reason is that you need a huge amount of money.
You need an unlimited amount of money and the casino needs to accept unlimited bets.
It doesn't help if the casino has an upper limit on the amount which can be bet.
http://wizardofodds.com/gambling/betting-systems/cancellation/
You still need a very large bankroll to win a very small amount of money. But the probability that you will come out ahead can reach around 99% under realistic conditions.
I tried Martingale System and I can say with certainty that Martingale almost allways fail. The main reason is that you need a huge amount of money.
You need an unlimited amount of money and the casino needs to accept unlimited bets.
It doesn't help if the casino has an upper limit on the amount which can be bet.
With Martingale, you will risk to lose everything. On the long term , the chances of winning are lower than lose.
Well the issue is that you will likely eventually have a bad luck streak as you play for longer periods of times.
Right, but it's very unlikely that you play for longer periods of time.Quote
There is also a greater chance that you have a very long good streak however this does not matter as martingale will only allow you to make small amounts for each win as you have a good winning streak.
That's the whole point. You accept a smaller profit in exchange for a very low chance of loss. Quote
Actually you need an infinite amount(not a pun), as stated in the Wikipedia article.
Of Course, every time when you lose, you need to double your investment. In theory it sounds easy, but when you start play it's not. After every investment you can lose.
For example:
invest:
1 - lose
2 - lose
4 - lose
8 - lose
16 - lose
32 - lose
64 - lose
128 - lose
and so on
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
I tried Martingale System and I can say with certainty that Martingale almost allways fail. The main reason is that you need a huge amount of money.
Actually you need an infinite amount(not a pun), as stated in the Wikipedia article.
I tried Martingale System and I can say with certainty that Martingale almost allways fail. The main reason is that you need a huge amount of money.
sometimes you can do good runs, but eventually, you're gonna lose all because of bad luck..
No, that's not true. That's, in fact, extremely unlikely. You can make it as unlikely as you wish, though the amount you win decreases if you do so.There are a lot of people that can confirm that 34 streaks (non winning numbers) happened , now to transform that in numbers:
Sum till this bet is 171.79869183 BTC, Are you still sure you want to do martingale?
Sum till this bet is 171.79869183 BTC, Are you still sure you want to do martingale?
34 streaks is very bad. Is it possible only on freebetco.in or on any dice site?
Sometimes I have a feeling that probability is different on different sites.
sometimes you can do good runs, but eventually, you're gonna lose all because of bad luck..
No, that's not true. That's, in fact, extremely unlikely. You can make it as unlikely as you wish, though the amount you win decreases if you do so.
have tried martingale system on one of those dice sites with enough balance to cover like 17 loosing streak. And guess what? I've just recorded a 24 loosing streak. The highest ever on that dice site. So, no, Martingale system is not good enough.
true!
sometimes you can do good runs, but eventually, you're gonna lose all because of bad luck..
have tried martingale system on one of those dice sites with enough balance to cover like 17 loosing streak. And guess what? I've just recorded a 24 loosing streak. The highest ever on that dice site. So, no, Martingale system is not good enough.
Presumably when you started betting you accepted that if you were unlucky enough to lose 24 times in a row, you would suffer precisely the losses you suffered. To say it didn't work because you were unlucky is absurd. Martingale's job is not to make you lucky, it's to let you choose precisely the risk/reward/loss characteristics you choose. If you got those characteristics, it worked.Unless you do the math wrong, these systems work perfectly. They let you choose precisely the combinations of risks, reward, and loss you want. If you don't choose them wisely, don't blame the system.
Jump to: