advice 
Topic: Martingale System - page 7. (Read 11565 times)
Better you take care of your money. Don't even start to gamble because if sometime you will get Millions of BTC you will loose it on gambling advice
advice I like the martingale system in which you increase the bet a little bit more than 1x each time you loose. Additionally, I never double my bet after the first loss, I just keep it at the same amount, to get back the money from the original bet. Any thoughts on this?
Probably you'll lose money, even if you win before bursting, depending on how small is the 1.x. Your gain will be equal to your your first bet, if you make the first bet right, and less and less in the following ones, but your lose still will be exponential, and you still will wish to die when you burst.
I like the martingale system in which you increase the bet a little bit more than 1x each time you loose. Additionally, I never double my bet after the first loss, I just keep it at the same amount, to get back the money from the original bet. Any thoughts on this?
Even if you win half of the times betting at 50% the house has an edge meaning you don't get paid exactly as much as you spend, so that's not a strategy that's gonna give you any profits.
I like the martingale system in which you increase the bet a little bit more than 1x each time you loose. Additionally, I never double my bet after the first loss, I just keep it at the same amount, to get back the money from the original bet. Any thoughts on this?
Recently tried a modified Martingale script of freebitco.in (not the regular one you can find anywhere). Worked out great to begin with, made constant profit, until I wanted the script to bet faster. I increased the speed by tons, and sure enough, turns out in the end you lose, no matter what. All earnings were gone within 30 seconds.
The amounts that you bet do not make a difference. It is the fact that the difference between the minimum and maximum bet is usually too small for it to work as you would need to bet exponential greater amounts as you lose
Even if you have a very high balance and can afford many losses consecutively , it is still not a good idea to use martingale at all, because you will still get busted sooner or later with a very long losing streak.
The more you play the more you lose because the casino has an edge. Period. Gamble responsably to have fun and enjoy while it lasts
+1.
With 1% house edge, you would lose 1% of your total wagered amount on average.
With the martingale strategy, you are going to risk a high amount for a small profit, and so the total wagered amount would be huge.
Thats what they call edge on the house , house edge will take you down .
No matter how much you have unless unlimited fund you will go broke in 24 streak that happen once in 500k roll .
Even if you have unlimited fund, you can't get more than 21 million bitcoin lol.
The amounts that you bet do not make a difference. It is the fact that the difference between the minimum and maximum bet is usually too small for it to work as you would need to bet exponential greater amounts as you lose
Even if you have a very high balance and can afford many losses consecutively , it is still not a good idea to use martingale at all, because you will still get busted sooner or later with a very long losing streak.
The more you play the more you lose because the casino has an edge. Period. Gamble responsably to have fun and enjoy while it lasts
+1.
With 1% house edge, you would lose 1% of your total wagered amount on average.
With the martingale strategy, you are going to risk a high amount for a small profit, and so the total wagered amount would be huge.
Thats what they call edge on the house , house edge will take you down .
No matter how much you have unless unlimited fund you will go broke in 24 streak that happen once in 500k roll .
The amounts that you bet do not make a difference. It is the fact that the difference between the minimum and maximum bet is usually too small for it to work as you would need to bet exponential greater amounts as you lose
Even if you have a very high balance and can afford many losses consecutively , it is still not a good idea to use martingale at all, because you will still get busted sooner or later with a very long losing streak.
The more you play the more you lose because the casino has an edge. Period. Gamble responsably to have fun and enjoy while it lasts
+1.
With 1% house edge, you would lose 1% of your total wagered amount on average.
With the martingale strategy, you are going to risk a high amount for a small profit, and so the total wagered amount would be huge.
The amounts that you bet do not make a difference. It is the fact that the difference between the minimum and maximum bet is usually too small for it to work as you would need to bet exponential greater amounts as you lose
Even if you have a very high balance and can afford many losses consecutively , it is still not a good idea to use martingale at all, because you will still get busted sooner or later with a very long losing streak.
The more you play the more you lose because the casino has an edge. Period. Gamble responsably to have fun and enjoy while it lasts
The amounts that you bet do not make a difference. It is the fact that the difference between the minimum and maximum bet is usually too small for it to work as you would need to bet exponential greater amounts as you lose
Even if you have a very high balance and can afford many losses consecutively , it is still not a good idea to use martingale at all, because you will still get busted sooner or later with a very long losing streak.
The more you play the more you lose because the casino has an edge. Period. Gamble responsably to have fun and enjoy while it lasts
+1.
With 1% house edge, you would lose 1% of your total wagered amount on average.
With the martingale strategy, you are going to risk a high amount for a small profit, and so the total wagered amount would be huge.
The amounts that you bet do not make a difference. It is the fact that the difference between the minimum and maximum bet is usually too small for it to work as you would need to bet exponential greater amounts as you lose
Even if you have a very high balance and can afford many losses consecutively , it is still not a good idea to use martingale at all, because you will still get busted sooner or later with a very long losing streak.
The more you play the more you lose because the casino has an edge. Period. Gamble responsably to have fun and enjoy while it lasts
The amounts that you bet do not make a difference. It is the fact that the difference between the minimum and maximum bet is usually too small for it to work as you would need to bet exponential greater amounts as you lose
Even if you have a very high balance and can afford many losses consecutively , it is still not a good idea to use martingale at all, because you will still get busted sooner or later with a very long losing streak.
What about the freedogeco.in? you get about 5-6 doge and betting with martingale wouldn't be so bad. Min bet to be like 0.02 or safer 0.001 and leave the bot to loop over night. Lesser chances to go bankrupt and there is a chance on the long runs.
Your returns would be too low, one doge is around 60 satoshis, at this rate you can make around 100Satoshi, if you are fast with a very very high chance of busting. In the long run nothing works, the house edge there is even higher than other places.
i dont think that martingale works so dont lose you money just keep it and use it.. or if you want to lose send to me :d joking ..
Why is this thread so popular? 
People looking for easy money.
Amazon has a couple of good reads on betting systems, I read one on the way to Vegas once and laughed.
If you want to win, find a casino off the strip and play single or double deck blackjack.
I am no longer allowed to gamble at Bellagio or it's affiliates, I'll just leave it at that
People looking for easy money.Amazon has a couple of good reads on betting systems, I read one on the way to Vegas once and laughed.
If you want to win, find a casino off the strip and play single or double deck blackjack.
I am no longer allowed to gamble at Bellagio or it's affiliates, I'll just leave it at that
Bitcoin gambling went on fire, that's why it's popular. Can you explain why you are banned from Bellagio ? Do they use only 4 sets of cars for Blackjack?
When I was younger they used to have single to quad deck tables. It's very easy to count. Obviously you need to be quick with the math, but it comes with practice. I am still allowed to stay there, I just can't get a rewards card from Hilton and I am effectively banned from the higher tables.
It's OK though, craps has pretty good odds as long as you're not playing snake eyes or something like that.
What about the freedogeco.in? you get about 5-6 doge and betting with martingale wouldn't be so bad. Min bet to be like 0.02 or safer 0.001 and leave the bot to loop over night. Lesser chances to go bankrupt and there is a chance on the long runs.
Your returns would be too low, one doge is around 60 satoshis, at this rate you can make around 100Satoshi, if you are fast with a very very high chance of busting. In the long run nothing works, the house edge there is even higher than other places. 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 is not worth a try at all....
think about it, after three losses you are risking 8x your base bet just to win that amount
if you are going to martingale, start smaller and use 2.5x payouts so at least the more you lose, the more you win unlike martingale you simply win your base bet amount
Martingale will fail every time. But once, on some free PrimeDice rolls, I grinded it up to over .15 (from like .02) and eventually turned it into > 1 BTC from trading alts.
What about the freedogeco.in? you get about 5-6 doge and betting with martingale wouldn't be so bad. Min bet to be like 0.02 or safer 0.001 and leave the bot to loop over night. Lesser chances to go bankrupt and there is a chance on the long runs.
No matter which system you use, the house edge stays the same. However with martingale you either win big or lose bigger.
Not true - you do not win big with the Martingale system, do the math. As you keep doubling down you are only ahead by the amount of your original bet. So when you finally win, you only win the amount of the first bet. When you lose, you can lose your entire bankroll. Since people can't seem to understand this on this thread, here is an example following the Martingale system (doubling your bet after every loss):
Bet 1: 5
Result: Lose
Loss/profit so far: -5
Bet 2: 10
Result: Lose
Loss/profit so far: -15
Bet 3: 20
Result: Lose
Loss/profit so far: -35
Bet 4: 40
Result: Lose
Loss/profit so far: -75
Bet 5: 80
Result: Lose
Loss/profit so far: -155
Bet 6: 160
Result: Win
Loss/profit so far: 5
So you can see that you end up putting down bets as high as 160 (and risking over 300) just to earn 5 in the end. And if the bet maximum would have been 100 for example, this person would have been screwed, just to try and earn 5.
Martingale is a crap system. End this thread.
What i mean is that for example if you would have 1000 persons and each of these 1000 persons would have $255 and they make bets of $1 and use martingale. And each person would make 100 bets, than either they would make about $50 or they would lose everything. If you combines all the value than the net. result is a loss (if we assume a house edge). But some of the individuals may have gained a large profit, much larger than anyone could ever get by betting flat rate.
What i am saying is that the expected profit with any system or betting pattern does not increase, but that does not mean the distribution does not change. In fact all the martingale system does is increase the spread of the distribution moving it from a normal distribution to something else entirely.
as you can clearly see, both the chance of winning as well as the amount won increases a lot by using martingale, however the downside is that when you lose, you lose big. While with flat betting you either lose a little or win a little, the results are much more controlled. However no matter which system you use the expected profit is ALWAYS 100%-house edge
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