Topic: Martingale System - page 14. (Read 11583 times)
variants of martingale will work. if you are willing to lose money to make money. as someone mentioned, martingale ALWAYS fails eventually, but if you have a good system for taking profit on runs, you can beat it. there are better ways to make money, though, imo.
There is nothing for free, worth to remember that.
Well, sure. Time is money and all that. But there are still giveaways in bitcoin and altcoins. They don't pay like they did a couple years ago, but they are there.
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.
No, it's a sure loss. There is no betting system that will make you win 100%. You are better off farming btc from freebitco.in then trying to bet and losing it all.
There is nothing for free, worth to remember that.
Martingale works until it doesn't. The fact is, it is only foolproof if you have an endless bankroll. If you use proper bankroll management, you can ride a luck streak, take profit out, and start again, and may be successful. But ALWAYS take profit when you are ahead. Eventually, you will lose everything, guaranteed.
I tried it on Freebitco to see how they would counter it. They allow it for a few rounds, and then you get the longest loosing streak ever, until your coins are depleted.
Not worth it, they have a system to counter it. Which is a good thing. They would not have survived without it.
If you have coins to dump on them, try it yourself.
Not worth it, they have a system to counter it. Which is a good thing. They would not have survived without it.
If you have coins to dump on them, try it yourself.
As i allready explained somewhere , martingale is not a good system enough, since you have to have like 100 BTC to be able to make 0.001 per day with a really fast script to be on the safe side.
There are a lot of people that can confirm that 34 streaks (non winning numbers) happened , now to transform that in numbers:
1-0.00000001
2-0.00000002
3-0.00000004
4-0.00000008
5-0.00000016
6-0.00000032
7-0.00000064
8-0.00000128
9-0.00000256
10-0.00000512
11-0.00001024
12-0.00002048
13-0.00004096
14-0.00008192
15-0.00016384
16-0.00032768
17-0.00065536
18-0.00131072
19-0.00262144
20-0.00524288
21-0.01048576
22-0.02097152
23-0.04194304
24-0.08388608
25-0.16777216
26-0.33554432
27-0.67108864
28-1.34217728
29-2.68435456
30-5.36870912
31-10.73741824
32-21.47483648
33-42.94967296
34-85.89934592
Sum till this bet is 171.79869183 BTC, Are you still sure you want to do martingale?
There are a lot of people that can confirm that 34 streaks (non winning numbers) happened , now to transform that in numbers:
1-0.00000001
2-0.00000002
3-0.00000004
4-0.00000008
5-0.00000016
6-0.00000032
7-0.00000064
8-0.00000128
9-0.00000256
10-0.00000512
11-0.00001024
12-0.00002048
13-0.00004096
14-0.00008192
15-0.00016384
16-0.00032768
17-0.00065536
18-0.00131072
19-0.00262144
20-0.00524288
21-0.01048576
22-0.02097152
23-0.04194304
24-0.08388608
25-0.16777216
26-0.33554432
27-0.67108864
28-1.34217728
29-2.68435456
30-5.36870912
31-10.73741824
32-21.47483648
33-42.94967296
34-85.89934592
Sum till this bet is 171.79869183 BTC, Are you still sure you want to do martingale?
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.
Before trying that, you may check this long thread https://bitcointalk.org/index.php?topic=610339.0;all
freebitco.in do have very high house edge, even without house edge and you have a very very large bankroll, you will bankrupt in the long run unless you have unlimited bankroll.
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.
If that truly worked, all the casinos in the world would be out of business
One of the reasons it doesn't, is the house's edge.
The true weakness of a martingale strategy is not the house edge (which refers to statistical probability in favor of the casino), but the max bet amount and/or funds available. Even with the house edge, a person could double their bet every interval and eventually win one unit. However, there will be a time when you will hit either the betting limit or your own limit in funds available.
Martingale looks like it works... at first. Then you hit the above scenario and can lose it all. Try the martingale system on a site with practice tokens and you'll see.
Thanks for this. i'll try this system but will not push to the limit.
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.
If that truly worked, all the casinos in the world would be out of business
One of the reasons it doesn't, is the house's edge.
The true weakness of a martingale strategy is not the house edge (which refers to statistical probability in favor of the casino), but the max bet amount and/or funds available. Even with the house edge, a person could double their bet every interval and eventually win one unit. However, there will be a time when you will hit either the betting limit or your own limit in funds available.
Martingale looks like it works... at first. Then you hit the above scenario and can lose it all. Try the martingale system on a site with practice tokens and you'll see.
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.
If that truly worked, all the casinos in the world would be out of business
One of the reasons it doesn't, is the house's edge.
You have a point there, thanks btw.
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.
If that truly worked, all the casinos in the world would be out of business
One of the reasons it doesn't, is the house's edge.
Will work if you have an infinite supply of wealth.
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.
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.
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