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Martingale is the death of every serious gambler as it only work if you have unlimited money. Sooner or later you will los it all.
The math of course says it improbable that a 50/50 bet will land on the same side like 15-20 times but experience says otherwise.
Only starting with 0.01$ and lose lets say 15 times on a row you would already be down 328$. But who starts with 1 cent? If you start with 1$ and "only lose 10x in a row you are down 1k already.
The most important aspect is that you always just win you base amount. All the stress and finally win on the 11th try and get your money back, plus 1$ . Totally not worth it.
For those gamblers who have a lot of money, they definitely won't mind this even though they have to lose more money.
Gambling is a place for those who want to take and accept all the risks that could happen.
If gamblers have large amounts of money and want bigger profits then using martingale is not a threat for them because they are ready to lose some money with the aim of getting it back with a bigger amount.
The important aspect of gambling is actually easy, namely being confident in every decision and ability so that in this way gamblers can bet calmly and not easily lose control in playing.
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Is that true, even I highly doubt it. if you assume that using more money, the martinggale strategy will be effective, then that's wrong. Did you know that in every game there is a maximum limit. if each multiple has reached its limit, it means you cannot double the bet for a higher one. So, basically this technique has not been adopted by gamblers for a long time. Except, you can use this technique only occasionally.
To be honest, I'm not too sure there are effective techniques or strategies for us to use in gambling. in particular, casino games which are almost purely luck-based. the martingale technique can be very effective, but with one condition, luck is on your side. IMO, the only thing that is most effective in gambling is, luck. so, play wisely there and make gambling just part of the fun, nothing more.
Yes, I understand and know very well that in every game there is a maximum limit for betting, but have you forgotten that each game has a large enough limit so that it is not easy for gamblers to really bet until they reach the betting limit in each game.
Maybe what you said is true, but games that have quite low maximum limits are those in casinos that are still small and not really big. On the other hand, the martingale strategy can only be carried out by gamblers who have more money and of course gamblers who have more money will use it. Big and trusted casinos are not small casinos, so you don't need to think about the maximum bet amount for the games at stake.
No strategy or technique is really effective, that's true, but using a strategy can at least make gamblers have a greater chance of winning compared to just playing carelessly and waiting for luck to come.