Topic: This is why you shouldn't use martingale - page 3. (Read 2563 times)
See as long as there is a max profit you cant beat the house. its not only edge that effects you, is the Max limit, the amount of money you have to bet. if the investment is 31,000 you will need a max cap of 1 million to beat the house. Since Dice sites have limites I dont bet is only good to do small bets
Strange, although it doesn't change anything it's unlike the human mind to decide that after getting a low your best bet is to bet low the 2nd time round. If she didn't change at all that losing streak wouldn't have happened.
Was the 64 one the final roll? Should have started out smaller if that's all she had for martingale.
Well, I guess if you gamble with >100 BTC you know that there is the risk of losing it all, right?
Then I don't feel so bad, also she had 100 BTC to begin with, can't be that poor!
Then I don't feel so bad, also she had 100 BTC to begin with, can't be that poor!
Poor mary lou...
What a tragedy: thousands of $$$ turned into dust within seconds... 
Into dust? Is is transferred to the investors of the site.
What a tragedy: thousands of $$$ turned into dust within seconds...
What a highly unlikely loss streak.
I would go ahead and carefully double check the "provably fair values".
It is going to be alright, I would still double check ... "just in case".
I would go ahead and carefully double check the "provably fair values".
It is going to be alright, I would still double check ... "just in case".
Why is this highly unlikely? Losing 8 times in a row is just normal. It happens on average once every 256 times.
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all i can say is OUCH..
That's pretty insane. A martingale
Fixed that for you
That's pretty insane. A martingale with base value at 0.5 btc.
ouch, That's some serious money. I wondered where all the profit came from this morning, I guess this is my answer!
That's not even my money and I still feel a little bit sick looking at that 
I went through a (very short) phase of trying gambling systems but fortunately it was a lot less than $60k lost to stop :p
I went through a (very short) phase of trying gambling systems but fortunately it was a lot less than $60k lost to stop :p
Wow, she just lost 127.5 BTC in 30 seconds
Well that's degenerate gambling for you. I mean she literally burned $60,000 USD in under a minute which I'm pretty sure some people would explode over. Anyways, it only goes to show there's never a 'system' mathematics and probability will always get you in the long term unless you manage to get out with a profit and run.
Unless you are the house, and probability will be on your side
Wow, she just lost 127.5 BTC in 30 seconds
Well that's degenerate gambling for you. I mean she literally burned $60,000 USD in under a minute which I'm pretty sure some people would explode over. Anyways, it only goes to show there's never a 'system' mathematics and probability will always get you in the long term unless you manage to get out with a profit and run.
Wow, she just lost 127.5 BTC in 30 seconds
I don't know if this is the right place, but I wanted to share this with you.
I want to give you a little advice: don't use the martingale betting system.
I just visited just-dice.com and noticed this user:
I want to give you a little advice: don't use the martingale betting system.
I just visited just-dice.com and noticed this user:
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