What has been your longest streak of dice losses using martingale ..? - page 3.

robelneo

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Quote from: Alucard1 on January 30, 2021, 04:51:36 AM

I only have 5 times lose streak ever in my dice losses, I cannot handle continuous losses so I will quit playing if it seems to be a long losing streak, I don't want to add a losing streak to my gambling experience, and don't want to make my balance zero. If it seems so unlucky for this day then I can do it again for tomorrow and try again my luck. I just wonder how you handle a 32 lose streak, I don't know if you are saying the truth about it.

You are a responsible gamer because you can control yourself, it's not easy controlling your emotion, there's always a temptation to continue and try to recover your losses because every bet is a mystery, it could either make or break, the martingale is a big trap it's hard to control the next roll you can only control your emotion to avoid losses.

Alucard1

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I only have 5 times lose streak ever in my dice losses, I cannot handle continuous losses so I will quit playing if it seems to be a long losing streak, I don't want to add a losing streak to my gambling experience, and don't want to make my balance zero. If it seems so unlucky for this day then I can do it again for tomorrow and try again my luck. I just wonder how you handle a 32 lose streak, I don't know if you are saying the truth about it.

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Quote from: romero121 on January 30, 2021, 12:22:49 AM

There are successful people out of the martingale strategy. This requires huge bankroll and luck, I don't remember the length of the losing streak, but I failed continuously starting from the value of $10, I kept increasing the bet value and the final bet value was about $330. In that losing streak the total loss was about $2700 worth of ethereum when the price of ethereum was around $1350.

Wow, that is a very impressive winning amount, from a small amount and it turns to a big amount of money. I guess I can do martingale betting on dice and once I hit the 5 winnings streak I will quit, lol. The martingale betting on dice is very risky, in just one loss it will wipe out all your balance. It is good if you have a big capital amount to support the bankroll if ever you fail the first capital you put in.

For me, I experienced 10 winning streaks in a row, in every roll of the dice, I stop breathing and cross my fingers that hoping I will win, luckily I have reached until 10 win streak and I decided to stop. I think that is good then too much greed.

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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.

Honestly I have one of the shocking ones as well, sure we have seen bigger numbers before but actually living it is something else. I had a 22 loss streak, and that was one of the worst days of my life, I actually tried to calculate my wager based on 20 loss streak would not bankrupt me, so that means I had chance to lose as much as 20 and still would recover on 21st bet if I won, and somehow I still managed to lose 21 in a row, and had a payment coming my way during that time and deposited there as well and lost that too right back so it became 22 in a row loss.

I have to say I would agree that it was provably fair, it was just-dice back in 2014 or so when it became super popular with their first off-chain betting system (either them or primedice was the first) and I gambled for many times before I had that 22 loss streak, but life happens, what can I do.

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There are successful people out of the martingale strategy. This requires huge bankroll and luck, I don't remember the length of the losing streak, but I failed continuously starting from the value of $10, I kept increasing the bet value and the final bet value was about $330. In that losing streak the total loss was about $2700 worth of ethereum when the price of ethereum was around $1350.

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Quote from: iamsheikhadil on January 29, 2021, 11:39:11 PM

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.

Even with a limited bankroll, if you bet with really very little amount, you can still get the profits slowly racked up using this strategy. The problem that happens with me is when I win little by little and the strategy starts to work perfectly (giving me consecutive or win after one or two losses), I start to bet big since I can't control temptation and somehow the casino gets to know it lmao and I lose in a losing streak.

Sometimes it looks like we are being watched when playing , because i have the same experiences mate because i sometimes try beiing .01-.05 per roll and starts to win straight but when i am carried away for the game then i starts betting Higher and ending ? lose everything in a short time while i start building up winning for long .
Even if this Luck or cheat ? the thing is never come too greedy .

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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.

Even with a limited bankroll, if you bet with really very little amount, you can still get the profits slowly racked up using this strategy. The problem that happens with me is when I win little by little and the strategy starts to work perfectly (giving me consecutive or win after one or two losses), I start to bet big since I can't control temptation and somehow the casino gets to know it lmao and I lose in a losing streak.

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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.

You really never know if the next roll will be in your favor that's what I'm always thinking, we will feel bad not to try to recover your losses, the temptation is really high to try your luck and win back your losses, on the auto you can set your stop loss but on the manual which I sometimes experimented, it's hard to stop yourself the what if keeps playing on your mind and it's hard to deal with it.

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Quote from: Vaculin on January 29, 2021, 08:29:27 AM

Mine I never lose more than 10 streak because my bankroll is only enough for 10 losing streak before I will go bankrupt.

How small is your bankroll or how can you decide that it's enough for only 10 losing streaks? Are you betting with 10 satoshies?

The worst experience that I have ever seen was on freebitco. But the curiosity starts when I left 0.05 bitcoin running of automated dice rolls and it was rolling on its own for 2-3 hours, imagine, 2-3 hours nonstop dice bets and I doubled the money. Before withdraw, I tried to just bet 1 satoshi until I would lose 25 bet in a row. Somehow, that lose time came very quickly but there wasn't a significant lose in overall, just some bucks. It was years ago, when I wasn't registered on bitcointalk and freebitco was the rising star.

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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.

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Quote from: Mahanton on January 29, 2021, 02:44:27 PM

Not really a big time gambler thats why the maximum i had able to experience is 12-13x loss in a row until my capital bust into thin air.This really proves out that
martingale doesnt really work in any ways and this is the fastest way on burning up your money if you do believe that it would really just work or be an advantage into your side.
To think off on the amount that you can profit after having a series of losses isnt really just worth in any angle but hence people do still keep using this
very old and classic way of strategy into their gambling activity.

I guess this depends on the gambler, right? There are still a lot of gamblers that still uses this betting system even though they know the risk that comes with it. Most of them have a huge fund that they can lose that the reason why they continue using it. Still, I read a lot of stories about them having a huge amount and still lost using this.

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The most is probably around 20 losses. That's about how much it would have taken to wipe out my balance at the places I usually play. I might've tried martingale with DOGE or LTC but when I was testing bot scripts with modified martingale strategy but I really don't remember my biggest loss streak because I just let it run without paying too close attention.

It is really a bad strategy and I do not recommend anyone use it but when you're an inexperienced gambler it is probably the first thing that you will try out.

Botnake

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I think I have 12, I'm not really sure with it as I have already stopped playing dice seriously for quite sometime. Usually I do small bets in dice only, so even at a high losing streak it will not hurt my bankroll a lot, but I realized that martingale is not really an effective strategy in dice, actually no strategy is effective since this is a luck based game, our only way to win is just a pure luck regardless of the strategy we are using.

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Quote from: Vaculin on January 29, 2021, 08:29:27 AM

Mine I never lose more than 10 streak because my bankroll is only enough for 10 losing streak before I will go bankrupt.

I only have a small bankroll as I just make an experiment, honestly, this kind of experiment is just a waste of time as not all the time when you stop you are in profit, sometimes you are force to stop because you don't have anything to play anymore due to your losing streak has busted your entire bankroll.

And most of the time instead of quitting while you already have quite decent earnings you are force to continue due to your greediness, thinking that it will add more.

And you already found a winning patterns, not knowing that the house are just playing with your emotions, allowing you to feel comfortable without knowing that you are putting your guard down and in just a glimpse of an eye you'll lose everything.

This martingale pattern can push up to more than 20 losing streak if you become aggressive in chasing your loses
you'll just ending up losing your entire bankroll.

Mahanton

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Not really a big time gambler thats why the maximum i had able to experience is 12-13x loss in a row until my capital bust into thin air.This really proves out that
martingale doesnt really work in any ways and this is the fastest way on burning up your money if you do believe that it would really just work or be an advantage into your side.
To think off on the amount that you can profit after having a series of losses isnt really just worth in any angle but hence people do still keep using this
very old and classic way of strategy into their gambling activity.

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32 times is definitely the longest I know so far I would really shift from rollunder to rollover when a streak happens 3-4 times already. because by it it changes whatever the program had planned for the series of bets you are about to do.

I wouldn't want to lose more after doubling the amount every time. change your stance if you lose 3-4 times and then if lose again you still will have to double the amount anyway.

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Quote from: xSkylarx on January 28, 2021, 10:07:27 PM

14 lose streak if I remember way back 2018. I won some amounts before hitting that losing streak. I manage to double my capital that time but greediness won at that moment and in just a few seconds my bankroll becomes 0. I even attempted to recover it but ended in a failure. I feel very bad that time thinking that if I did not get greedy maybe I could buy something I want for myself.

Wow, that is a long streak.

I've been doing some auto bets in the past and as far as I know, the longest I have is that 7, or 8 streaks. That bet is also doubling up every time I lost so that is a huge amount when I was already taken back what I've lost. It is not that much of a bet but I think if those losses continue for more than two rolls, I will be emptying my funds.

Vaculin

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Winding down.

Mine I never lose more than 10 streak because my bankroll is only enough for 10 losing streak before I will go bankrupt.

I only have a small bankroll as I just make an experiment, honestly, this kind of experiment is just a waste of time as not all the time when you stop you are in profit, sometimes you are force to stop because you don't have anything to play anymore due to your losing streak has busted your entire bankroll.

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Quote from: milewilda on January 29, 2021, 07:43:25 AM

but the most common multipliers are on 2x and on using neither 1sat -100sats- 1000 sats or depending on whats the most minimal amount that a gambling site do had.
Basing off on experience then i do experience 23-25 losing streak using 2x multiplier and i remember i do have 0.1 btc capital.

So with a starting bet of only a single satoshi, after 23 loses in a row your next bet needs to be 0.08388608 BTC and you will already have spent 0.08388307 BTC. So after 23 losses in a row your strategy would have failed with a bankroll of 0.1 BTC and a starting bet of 1 satoshi and you wouldn't have the bankroll to continue.
To be able to accept 25 losses in a row and still make the 26th roll with a starting bet of 1 satoshi, you need a bankroll of 0.67108863 BTC.

A huge amount to risk given that when you win, you only end up in profit of a single satoshi.

Quote from: mu_enrico on January 29, 2021, 06:21:12 AM

There was a discussion here about the 67 losing streaks.

Slightly different since he says he was using a 2.1x multiplier, which due to the house edge of FreeBitco.in gives a ~45% chance of winning. So although still a very unlucky streak, it's a bit less rare than a 67 streak loss on a standard Martingale, but still goes to show why Martingale is a terrible strategy.

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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

32 rolls are very bad and you will lose everything you have, I never experienced that and I guess I will not I'm only good at 15, the longest streak I've had was 20 enough to wipe out all I've got I left that gambling site, because it happens to me three times on that gambling site will not mention it because I'm still playing here but not on dice.

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