What has been your longest streak of dice losses using martingale ..?

StartupAnalyst

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Quote from: babygun on February 07, 2021, 12:54:06 PM

Quote from: robelneo on January 31, 2021, 10:21:26 AM

Just hours ago I lose half of my BFG tokens playing from Betfury which I stake for daily profit, I have things calculated I am doing it manually and have set up a stop loss, but due to greed I opted to go on, thinking that I need to recover my BFG tokens, glad that I control myself in time and reset my betting, glad I did because if not I could have lost everything, martingale and greed can wipe everything you have.

I have had the same before. You loose a bet, want to recover it and place a higher bet. You again loose and keep increasing and increasing your betsize until you go bankrupt. I think every gambler can relate to this feeling. Luckily you have controlled yourself and didn't loose everything.

My longest negative streak was 13 and lost already everything thanks to martingale Sad

. So I know that martingale doesn't work in the long end, but still play it from time to time.

Yes, that can happen. You can become bankrupt sooner or later. Although this scheme works with other games. But the chances of losing everything are always there. Especially when the excitement makes you stop thinking rationally.

My biggest losing streak was at 17, and by some miracle I almost got it all back.

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Quote from: StartupAnalyst on February 08, 2021, 11:23:14 AM

Quote from: babygun on February 07, 2021, 12:54:06 PM

Quote from: robelneo on January 31, 2021, 10:21:26 AM

Just hours ago I lose half of my BFG tokens playing from Betfury which I stake for daily profit, I have things calculated I am doing it manually and have set up a stop loss, but due to greed I opted to go on, thinking that I need to recover my BFG tokens, glad that I control myself in time and reset my betting, glad I did because if not I could have lost everything, martingale and greed can wipe everything you have.

I have had the same before. You loose a bet, want to recover it and place a higher bet. You again loose and keep increasing and increasing your betsize until you go bankrupt. I think every gambler can relate to this feeling. Luckily you have controlled yourself and didn't loose everything.

My longest negative streak was 13 and lost already everything thanks to martingale Sad

. So I know that martingale doesn't work in the long end, but still play it from time to time.

Yes, that can happen. You can become bankrupt sooner or later. Although this scheme works with other games. But the chances of losing everything are always there. Especially when the excitement makes you stop thinking rationally.

My biggest losing streak was at 17, and by some miracle I almost got it all back.

Good thing that you almost recover those losses, better than losing everything. You are correct, once excitement and greed feds up you'll almost forget to think rationally, thinking that luck is always there and keeps you in the winning side. Only to realize that everything just went out and your losing streak emptied your funds.

Luck plus good timing gives you privilege to win over the house, you need to think wiser and always ahead. small
earnings is better than losing your money, the way martingale provides is for short run with small gain, expect that
in the long run it will sucked up better to expect to avoid losing everything,.

ethereumhunter

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Quote from: 2double0 on February 07, 2021, 02:54:31 PM

I once had 12 btc on my account at primedice (very old days) and managed to double it. Then I don't know what happened to my mind and I suddenly changed it to auto, where I kept the base bet at 125 sats and did martingale, I got a long losing streak of 24 bets which ate my 21 btc and left me with just 3 btc and I lost them too by manually gambling and trying to recover the loss. Cry

If you still have that 12 btc or at least 7 btc, that will make a lot of money. I am sure you can learn from the mistake, and you do not try to recover your losses because to recover 12 btc will need a long time and needs huge money to start. But if you have luck, you can get 12 btc in a short time.

We all have the biggest losses we got from gambling, but that does not mean we should recover the losses because that can add more losses to us. We should think about the future that we want to change, and if we are still playing gambling, the chance for us to get better will not be too big.

magneto

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Why does this matter?

The answer depends entirely on the house edge that the player plays on and his luck on the day. Just because someone hasn't hit 40 reds in a row doesn't mean that it won't happen probabilistically.

I've personally only seen around 17-18 reds in a row at max for 50/50, but I've heard stories of way worse. Remember that you cannot "plan" your bankroll to absorb these losses and expect to turn a profit by using martingale - your EV at the end of the day is still the same.

qwertyup23

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Quote from: Sativanaka on May 02, 2020, 05:06:10 PM

I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

Greetings

I remember, me and my brother visited a casino in our home country. We just received our monthly savings from our parents and my brother decided to gamble half of his savings since we will be going on a vacation on the next day. He had around $500 at that time and he started gambling $2 from betting either RED, BLACK, or GREEN colors. He lost 8 consecutive times which amounted to $256. At his last bet, he used his personal money and he actually won $1024 and from there, we stopped playing.

I usually recommend the martingale strategy of betting if you have sufficient capital to fund your every bet. The reason on why you bet twice the amount every time you loss is that you can recover such losses in one bet. Though risky if you have a losing streak, but as long as you have the money to fund every bet, then I highly recommend this strategy.

TheGreatPython

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Quote from: robelneo on January 31, 2021, 10:21:26 AM

Just hours ago I lose half of my BFG tokens playing from Betfury which I stake for daily profit, I have things calculated I am doing it manually and have set up a stop loss, but due to greed I opted to go on, thinking that I need to recover my BFG tokens, glad that I control myself in time and reset my betting, glad I did because if not I could have lost everything, martingale and greed can wipe everything you have.

You are so right and its not easy to stop when you are losing because frustration creeps into mind and I have had countless nights in past when I was gambling and once I start losing I get more and more frustrated and sometimes I just kept betting because I felt now since I have lost so much there is a good chance to win back some.

Martingale is deadly and 7-8 lose streak is easy and very common to get either on winning side or losing. The real problem is that if you get lets say 10 wins in a row and you are betting 100 satoshi then you only win 1k satoshi but the same happens during losing then you will lose 51.2k satoshi which is humongous!

2double0

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I once had 12 btc on my account at primedice (very old days) and managed to double it. Then I don't know what happened to my mind and I suddenly changed it to auto, where I kept the base bet at 125 sats and did martingale, I got a long losing streak of 24 bets which ate my 21 btc and left me with just 3 btc and I lost them too by manually gambling and trying to recover the loss. Cry

Mauser

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Quote from: babygun on February 07, 2021, 12:54:06 PM

Quote from: robelneo on January 31, 2021, 10:21:26 AM

Just hours ago I lose half of my BFG tokens playing from Betfury which I stake for daily profit, I have things calculated I am doing it manually and have set up a stop loss, but due to greed I opted to go on, thinking that I need to recover my BFG tokens, glad that I control myself in time and reset my betting, glad I did because if not I could have lost everything, martingale and greed can wipe everything you have.

I have had the same before. You loose a bet, want to recover it and place a higher bet. You again loose and keep increasing and increasing your betsize until you go bankrupt. I think every gambler can relate to this feeling. Luckily you have controlled yourself and didn't loose everything.

My longest negative streak was 13 and lost already everything thanks to martingale Sad

. So I know that martingale doesn't work in the long end, but still play it from time to time.

Experiencing a loss streak of 13 and higher us just devastating and might ruin your hole bankroll. It's hard to know when to stop because with only 1 win we would recover all our previous losses. In the end there is so much luck involved in gambling. We need a regular beside our gambling activities to cover our potential loses and help us to keep playing on a regular basis. However if we don't play we don't have the upside potential at all.

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Quote from: robelneo on February 07, 2021, 09:50:17 AM

Quote from: BuNga_cute on January 29, 2021, 06:45:04 AM

I myself experienced 23 losses streak, this has been terrible for me. Especially for gamblers who experience above that number, I find it hard to imagine
how much bankroll to spend. Therefore, my advice is that if you get a large enough profit when playing dice, stop immediately. Because if it continues
it will definitely end badly.

I will agonize if it reaches that number my longest was 20 I just can not stop because I've already lost a lot, might as well gamble everything I've got, after you got in the 10th it's hard to resist to stop you are in a position of no return and hoping that the next roll will show a positive outcome, this is where you realize that the house edge has overtaken the game.

It's often useful to cut back on the funds that are easily available to you for gambling.
I like to put most of my crypt on some form of cold storage, like a hardware wallet, so I won't be tempted to lose control and gamble it all.

When it comes to gambling, we have to be creative to defeat our own alter ego.

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Quote from: robelneo on January 31, 2021, 10:21:26 AM

Just hours ago I lose half of my BFG tokens playing from Betfury which I stake for daily profit, I have things calculated I am doing it manually and have set up a stop loss, but due to greed I opted to go on, thinking that I need to recover my BFG tokens, glad that I control myself in time and reset my betting, glad I did because if not I could have lost everything, martingale and greed can wipe everything you have.

I have had the same before. You loose a bet, want to recover it and place a higher bet. You again loose and keep increasing and increasing your betsize until you go bankrupt. I think every gambler can relate to this feeling. Luckily you have controlled yourself and didn't loose everything.

My longest negative streak was 13 and lost already everything thanks to martingale Sad

. So I know that martingale doesn't work in the long end, but still play it from time to time.

onrise

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Quote from: robelneo on February 07, 2021, 09:50:17 AM

Quote from: BuNga_cute on January 29, 2021, 06:45:04 AM

I myself experienced 23 losses streak, this has been terrible for me. Especially for gamblers who experience above that number, I find it hard to imagine
how much bankroll to spend. Therefore, my advice is that if you get a large enough profit when playing dice, stop immediately. Because if it continues
it will definitely end badly.

I will agonize if it reaches that number my longest was 20 I just can not stop because I've already lost a lot, might as well gamble everything I've got, after you got in the 10th it's hard to resist to stop you are in a position of no return and hoping that the next roll will show a positive outcome, this is where you realize that the house edge has overtaken the game.

It really require courage to even reach till 20, though it depends upon how value of worth you started with as doubling in every game will end up with big amount even after 10 so till 20 can understand you might lose a lot of money . In Martinangle always better to set before start of game that only will play till those many rounds and afford to lose that much max as their is no guarantee after how many rounds you will end up winning .

robelneo

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Quote from: BuNga_cute on January 29, 2021, 06:45:04 AM

I myself experienced 23 losses streak, this has been terrible for me. Especially for gamblers who experience above that number, I find it hard to imagine
how much bankroll to spend. Therefore, my advice is that if you get a large enough profit when playing dice, stop immediately. Because if it continues
it will definitely end badly.

I will agonize if it reaches that number my longest was 20 I just can not stop because I've already lost a lot, might as well gamble everything I've got, after you got in the 10th it's hard to resist to stop you are in a position of no return and hoping that the next roll will show a positive outcome, this is where you realize that the house edge has overtaken the game.

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Quote from: RealMalatesta on February 06, 2021, 11:24:41 AM

Quote from: Mauser on January 31, 2021, 05:10:10 AM

One time in a casino I saw at the roulette table that at least 10 times in a row the number was red. Two friends of mine and me decided to go over to the table and just all our money to bet on Black with a martingale strategy. In the end we lost all, in total we saw 15 times Red and one time the 0. I m just glad we didn't have so much money left that evening to begin with.

The real life casinos are rigged in some cases so did you checked for the magnet below the table? Cheesy

.

15 times getting red is quite strange because I know each time they spin the chances are basically 50% or maybe 48% since there is a green 0 on the table mostly. But even then 15 times is too much and now since you mentioned it was a real life casino, I am actually starting to think it was surely rigged.

Personally I don't use martingale strategy too much but I had a losing streak of around 12 on PrimeDice long time ago and that is where I actually learned how provably fair works.

Or maybe he was just that unlucky. 15 times may be a huge amount, but it isn't that realistic since in the sense that the chances of winning should reset to 50/50 every round, the chances of losing should also reset to 50. So taking that into account, assuming that you lost 15 times is weird because you lost continuously already defeats the concept of probability of dice, the probability of having a 50/50 chances of winning or losing. It isn't like the more you lose, the chances of you winning increase with the next roll after all.

ShowOff

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The Martingale strategy is one of the gambling strategies I have tried before and on several occasion I have found it very useful. But in my opinion this strategy will not be useful in the long run because whatever strategy we use, the house will always win in the end.

A little note from me about this strategy that previously I only lost 13 consecutive attempt and it was the highest number of losses before I finally won in 14 attempt. This strategy on the one hand is fun, but if you don't have enough capital then I'm sure all will be gone in no time.

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Quote from: RealMalatesta on February 06, 2021, 11:24:41 AM

15 times getting red is quite strange because I know each time they spin the chances are basically 50% or maybe 48% since there is a green 0 on the table mostly. But even then 15 times is too much and now since you mentioned it was a real life casino, I am actually starting to think it was surely rigged.

15 times is not strange. It was bound to happen even with less than 1% house edge so just imagine the chances for that to happen on a much higher house edge like Freebitco or Yobit dice (not promoting this to be clear, just an example). Same goes for the physical casinos.

Martingale is good for those who win. Martingale is bad for those who lose. That's the impression of the martingale form of betting.

just_Alice

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Quote from: RealMalatesta on February 06, 2021, 11:24:41 AM

Quote from: Mauser on January 31, 2021, 05:10:10 AM

One time in a casino I saw at the roulette table that at least 10 times in a row the number was red. Two friends of mine and me decided to go over to the table and just all our money to bet on Black with a martingale strategy. In the end we lost all, in total we saw 15 times Red and one time the 0. I m just glad we didn't have so much money left that evening to begin with.

The real life casinos are rigged in some cases so did you checked for the magnet below the table? Cheesy

.

15 times getting red is quite strange because I know each time they spin the chances are basically 50% or maybe 48% since there is a green 0 on the table mostly. But even then 15 times is too much and now since you mentioned it was a real life casino, I am actually starting to think it was surely rigged.

Personally I don't use martingale strategy too much but I had a losing streak of around 12 on PrimeDice long time ago and that is where I actually learned how provably fair works.

Speaking from personal experience - 16 unfortunate bets in a row are possible! That's my experience with Martingale..never used any "betting strategies" since then. At first, I earned around 20$ very quickly, but then I lost it all in like 5 minutes, plus lost the 40$ I had in there deposited, it was on the PrimeDice too, by the way. Wait, are you implying that PrimeDice is rigged? Or have I missed something? Cheesy

But just theoretically speaking, from a probability point of view it can happen, however, the odds of that (if playing 50/50 chance, as I did, or in the case of roulette red/black) are, if my math is correct, 1 in 65,536, which seems rather rear...

RealMalatesta

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Quote from: Mauser on January 31, 2021, 05:10:10 AM

One time in a casino I saw at the roulette table that at least 10 times in a row the number was red. Two friends of mine and me decided to go over to the table and just all our money to bet on Black with a martingale strategy. In the end we lost all, in total we saw 15 times Red and one time the 0. I m just glad we didn't have so much money left that evening to begin with.

The real life casinos are rigged in some cases so did you checked for the magnet below the table? Cheesy

.

15 times getting red is quite strange because I know each time they spin the chances are basically 50% or maybe 48% since there is a green 0 on the table mostly. But even then 15 times is too much and now since you mentioned it was a real life casino, I am actually starting to think it was surely rigged.

Personally I don't use martingale strategy too much but I had a losing streak of around 12 on PrimeDice long time ago and that is where I actually learned how provably fair works.

Oilacris

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Quote from: imstillthebest on February 04, 2021, 01:44:03 PM

Quote from: FlightyPouch on January 31, 2021, 10:44:59 AM

Quote from: ?? on ??

In dice games, I have experienced up to 20X being busted when I tried to use Vps when playing a dice game to find out how many long reds occurred as a sample. but what really affects is the game seed. I have also tried to use Payout 1.01 Never been up to 4X red. My advice if you intend to bet for a long time, do the calculation on your base bet before you make a bet

I don't think VPNs would affect your gambling activities on a gambling site unless they are not permitting you to use those VPNs. At that point, I don't think you would be able to have access to the site if they are not allowing VPNs. What happened to you is not because of the VPN but maybe just because you are unlucky that day.

not sure if he means vpn because what he wrote is vps and he was doing a testing but we dont need a vps or a vpn to know if how much losses we got because every casino has a history tab where you can check all data's .
we dont need to worry about him because it was just a sample but if he will try playing for real his luck can change and can win the bet this time .
1.01x payout has a high chance of winning and its normal that you cant get crazy number of reds but 3 to 4 reds is unavoidable .

Vps? For what reason? Maybe he do make out those very minimal multiplier and didnt have ample time to check out everytime on whats the status specially if he had really need to turn off
his pc or away from keyboard and since he do make use of VPS then that would really be continuing to run.

Overall, i dont see for the relevance of its usage since we can really indeed test out and see for ourselves in regards with stats or history of your best.

Im not really that confident enough on betting 1.01x multiplier even the high chance wont really give out guarantee.Losing streak doesnt really only
limit out to 3-4x into this odds.

imstillthebest

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Quote from: FlightyPouch on January 31, 2021, 10:44:59 AM

Quote from: ?? on ??

In dice games, I have experienced up to 20X being busted when I tried to use Vps when playing a dice game to find out how many long reds occurred as a sample. but what really affects is the game seed. I have also tried to use Payout 1.01 Never been up to 4X red. My advice if you intend to bet for a long time, do the calculation on your base bet before you make a bet

I don't think VPNs would affect your gambling activities on a gambling site unless they are not permitting you to use those VPNs. At that point, I don't think you would be able to have access to the site if they are not allowing VPNs. What happened to you is not because of the VPN but maybe just because you are unlucky that day.

not sure if he means vpn because what he wrote is vps and he was doing a testing but we dont need a vps or a vpn to know if how much losses we got because every casino has a history tab where you can check all data's .
we dont need to worry about him because it was just a sample but if he will try playing for real his luck can change and can win the bet this time .
1.01x payout has a high chance of winning and its normal that you cant get crazy number of reds but 3 to 4 reds is unavoidable .

South Park

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Quote from: dothebeats on January 29, 2021, 05:07:15 PM

21, and I called it a day. That was a bad streak IMO and since then, I swore to myself that I would never, ever, play Martingale or any such similar strategy ever again. While on paper it actually is a sensible idea to double it until you recoup the losses, in practice it isn't, especially if you are working on a very limited bankroll, Perhaps employing some stop-losses or brakes after X amount of loss would be fine before proceeding to your normal bet, though I get that the urge to win the money back is extremely high.

There are several reasons why something like martingale will never work, the first one is the one you stated which is as there is a limit to your capital then as long as you keep playing there it will come a point in which you will lose enough times in a row to lose all your capital, the second problem is that casinos have limits about how much money you can make in a single bet and the moment you reach that limit is when you cannot use martingale any longer and your losses are assured, and finally it is also known no betting pattern changes the probabilities of the game and you are bound to lose anyway over the long term.

Topic: What has been your longest streak of dice losses using martingale ..? (Read 1044 times)