Topic: What has been your longest streak of dice losses using martingale ..? - page 5. (Read 1054 times)

Idk what it could be wrong in your numbers bro, as I said I managed to get around 5 extra BTC from my deposit, so the total bankroll was about 10-11 BTC at that point.

I just found this internet, it seems right because I remember that there was no room for a next bet since my balance was pretty much dead already.

https://ibb.co/7KWHSY3 Using my config wich as I said it was multiply my bet by 61.8% after every lose. The multiply/bet odds was 3.

Martingale in the long run needs to have huge amount of funds.  Keep  doubling your stake and with unsure numbers of losing streaks it will burned huge amount of money. I don't have that long losing streak since I don't gamble that much might be 8-10 losing streak if i remember it correctly and after losing everything I stop and forget about doing the same strategy again.

I know martingale will not work for me as I do not have so much enough that keep doubling and keep adding the money to keep gambling it. Also I do not gamble as such to make money so not worth it. Only for people who want to make money or just play for it may be interested provided they can afford so much money to have with them.

I'm a small-time gambler and yes I do martingale but I never go fast 10, or if my small funds will still allow me to go on, the longest I have been on a dice losing streak was only 10 it's hard to keep when you are in your bad day, you have no choice but to stop and only play with funds that you can afford to lose.

I doubt how it will be possible to face such longer streak of 32 losing bets? Because I just do the math and it shows they must need around 42 bitcoins in their bankroll given that they started their first bet with one satoshi. Freebitco.in is offering gambling only in BTC hence there will be no chances for gambling with any other coin .

#   Bet Amt in BTC      Accumulated Amt in BTC
==============================
01   0.00000001      0.00000001
02   0.00000002      0.00000003
03   0.00000004      0.00000007
04   0.00000008      0.00000015
05   0.00000016      0.00000031
06   0.00000032      0.00000063
07   0.00000064      0.00000127
08   0.00000128      0.00000255
09   0.00000256      0.00000511
10   0.00000512      0.00001023
11   0.00001024      0.00002047
12   0.00002048      0.00004095
13   0.00004096      0.00008191
14   0.00008192      0.00016383
15   0.00016384      0.00032767
16   0.00032768      0.00065535
17   0.00065536      0.00131071
18   0.00131072      0.00262143
19   0.00262144      0.00524287
20   0.00524288      0.01048575
21   0.01048576      0.02097151
22   0.02097152      0.04194303
23   0.04194304      0.08388607
24   0.08388608      0.16777215
25   0.16777216      0.33554431
26   0.33554432      0.67108863
27   0.67108864      1.34217727
28   1.34217728      2.68435455
29   2.68435456      5.36870911
30   5.36870912      10.73741823
31   10.73741824    21.47483647
32   21.47483648    42.94967295

Average value of bitcoin in 2018 is around $5000, which means if OP gambled and lost (42*5000) ~$210k then that must be an enough money to hit in prime news channels.

If you use auto roll for 32 times, I think that will not take too long

But if you use manual, maybe that will depend on how long the interval you click the button.

I don't use too much money in dice, especially in freebitco.in but I guess that I tried with 10-15 times but only 3 times that I can win the money. The rest result is losing the money.

There are, without a doubt, plenty of scam casinos and gambling sites out there which are not fair and will give out losing streaks on purpose to rip off their users and maximize their profits. This is by no means unique to users who are using a martingale system, and unfair casinos can rip off anyone who uses them.

You should only be using sites which are provably fair. Most honest bitcoin gambling sites achieve this by generating a secret "server seed", but showing you the hash of the seed before you bet. You generate a "player seed", and the site combines the two seeds (usually by hashing them together), and uses the resulting number to generate the outcome of your roll, flip, spin, card dealt, or whatever it is. To prove fairness, you can reveal the "server seed", which you can check hasn't been altered since you know the hash, combine it with your "player seed", and confirm the final result matches your roll, flip, spin, etc.

I don't have enough balance as the OP did and I have 7 streaks on mine. I can't remember how much I deposited at that month but I managed to gain at least .1 btc at that time and then that 7 losing streaks wreak havoc. After that, I almost lost my profit so I stopped betting and just do a certain amount of bets every day. I still lost all of them though.

Almost every online casino has provably fair mechanism - well at least those that come from crypto world. No one is controlling output. Casino does not need that to earn on statistic advantage over gambler. In fact casino earns as much as it's reputation allows it. That is why it is simply not worth cheating at high level.

Read more about provably fair mechanism based on example - https://bitcointalksearch.org/topic/m.54086701

Some of them probably do.


Losing 32 times in a row in a martingale strategy is not so incredible in the long run. If you ever use a bot and try a martingale with a very low stake, you will probably encounter such a losing streak sooner or later.


It's true. But most casinos rely on the house edge so in the long run, 'the house always wins' regardless of all the 'strategies' that gamblers devise.

Do you think that gambling casino are so intelligent that they detect that a person is going for a martingale kill and for that reason he continue to lose and lose ?  I mean the OP lost 32 consecutive times, that is not normal by any means. Also it depends on which site you are playing as I do not trust all the sites to be fair.

I never have used martingale as a strategy when playing dice or roulette.I hardly play these games but when I do I make sure to not use martingale for the simple reason that the games are controlled by AI software so it can fall 100 times red in roulette or 100 times lower in the dice game.

I think you better stop collecting data on martingale as it will be useless.

Anyone should not let the number to go up, that number it's way to high, my highest was only 10 and if I reached higher than 10 I will just give up I have calculated that I can go up to 15 it depends on my funds, but if you do martingale you need a very large funds to cover your losses, you need to know when to stop and when to continue.

Nice info in those thread, taking that in consideration, I was using the Martingale v4 that it shows there The fibbo progression...

Definitely the risk it doesn’t worth, as I mentioned after put on risk my whole balance the profit was like 1.7 BTC. Horrible risk/reward.
I wasn’t aware of the risk management while betting, I thought it was kinda reserved just for my trading activity, thanks God I din not lose that last roll, but as I mentioned. I never played anymore...

^ Definitely right but you need to manage the high risk. My bag was too small when I started plying dice, too small that is embarrassing to mention anymore. 32 streaks you really have a huge bag back then and it seemed that on your post it is not a big deal anyway I hope you were able to recover all you lose during that time. I seldom play martingale game and when I play I only allotted certain amount that I can use for the entire session, in that case, I can handle my loses and not to have a bad feeling when I lose but of course like everyone my goal is to win also but I can't afford to have 32 streaks. I am allotting a certain amount every time I play gambling because it helps me not to get emotional when I start to lose and that also my way to avoid getting addicted.

This. You may think that with a martingale strategy you reduce your chance of busting everything, but in fact, you do not. The concept of 'losing streaks' is just an example of a gambler's fallacy because individual bets are independent of one another.

In fact there is the same probability of starting killing strike that will wipe out your wallet with every single bet. Every single bet (no matter if first or millionth) can be first bet in killing strike.

I have 2 threads that reveals martingale and 7 variations of martingale - based on simulation with 10 000 - 100 000 synthetic gamblers.

https://bitcointalksearch.org/topic/m.49832531
https://bitcointalksearch.org/topic/m.52217862

Martingale is system that lowers your probability of winning. There is no need to talk about it/ collect data. Just realize that it is a loosing strategy and forget about it.

Just to let you know, having 32 streak loses on 49.5% winning chance is very rare to happens. Even got more than 20 streak lose is rare (the chance to happen will be bigger if you rolling/playing for long run)

Hmm OP stated his bankroll was 5 BTC while he did that


Got it now, you were gamble on 3x or 33% win chance with 61.8% increase afterlose started with 1sat as base bet. Though you were betting on 49.5% win chance or 2x odds and 100% increase after lose

Wow it is a huge capital and so long lose streak.
I only had around 9 or more lose streak since I only spend small amount on gambling.

I limited myself to 10. Not that my bankroll could handle anything higher though tbh. Whenever I reach the 10th streak I try to do it once more without increasing the odds. If I win, I reset and continue the same process but however if I lose, I just accept my loss and stop temporarily. It's not like I could continue gambling, after all, I limit the amount I spend on gambling most of the time anyway. I limited myself to 10 since I had a reaaallly bad experience where I lost my entire bankroll after having a 20 loss streak. It might have even been more tbh, been long since then and really, betting the same amount again like that really scared the hell out of me.