what position size for martingale? | Bitcointalksearch.org

Caladonian

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Quote from: Kevin77 on January 11, 2017, 02:41:18 PM

Quote from: bering on January 10, 2017, 04:29:20 AM

Quote from: btcloi78 on January 08, 2017, 04:28:54 PM

I lossed with martingale strategy on primedice 18 losses in a row this is my record

).
This is my observation about dice sites. losing streak>winning streak

its' not only you losing their money during use martingale strategy for their gamble and 18 losing streak is good record but i have been experience 25 losing streak and i think mine more worst than yours and regarding this strategy currently people start to leave martingale because the risk more higher rather than other strategy

Martingale may give you profits only when you try it in player vs player games, I have observed many times that we never will be able to tackle the gambling houses with Martingale. It sometimes makes me suspect about the provably fair system too.

Because even with 1 satoshi bet also we never be able to crack profits through Martingale. The continuous losses make the base bet grow bigger than bank roll. (that is the real problem with Martingale)

Maybe Martingale with massive bankroll may cracks profits. Still I guess we need bigger bankroll than house edge and house edge's capacity will not be visible.

I agree with you mate since that i also did this mistake with playing my alt coin inside yobit and even i have really enough i guess for my capital and thinking that playing low and use martingale will allow me to win but it turned to the otherside and give me 19 straight losing streak too bad i didnt manage to quit before i lose everything with my wallet.

Kevin77

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Quote from: bering on January 10, 2017, 04:29:20 AM

Quote from: btcloi78 on January 08, 2017, 04:28:54 PM

I lossed with martingale strategy on primedice 18 losses in a row this is my record

).
This is my observation about dice sites. losing streak>winning streak

its' not only you losing their money during use martingale strategy for their gamble and 18 losing streak is good record but i have been experience 25 losing streak and i think mine more worst than yours and regarding this strategy currently people start to leave martingale because the risk more higher rather than other strategy

Martingale may give you profits only when you try it in player vs player games, I have observed many times that we never will be able to tackle the gambling houses with Martingale. It sometimes makes me suspect about the provably fair system too.

Because even with 1 satoshi bet also we never be able to crack profits through Martingale. The continuous losses make the base bet grow bigger than bank roll. (that is the real problem with Martingale)

Maybe Martingale with massive bankroll may cracks profits. Still I guess we need bigger bankroll than house edge and house edge's capacity will not be visible.

rizkyhiw

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Quote from: Neogeon on January 08, 2017, 07:23:47 PM

Quote from: rizkyhiw on January 08, 2017, 06:55:35 PM

Quote from: SparkedDev on December 18, 2016, 09:44:07 PM

I normally start with 0.0000001 - 0.000001 with a 1.25% on lose is normally what i do for plinko 1 drops or dice 80% high.

Is that bet amount not too small? Is it worth to your time? I don't think so
My personal experience says no matter how low your bet to martingale sooner or later you will get busted
I almost lost 10 bitcoin 2 years ago with starting bet at 0.0001
Can you imagine how annoying it is, when you try to chase 0.0001 with martingale but you have to risk almost 10 bitcoin? It is totally a joke.

amen. i made thousands on martingale when i used it in roulette years back when i was a lot younger. but in the end i saw several times black or red or high or low come up 30 or even more times in a row and i stopped while i still had profit. going from 0.0001 to 10 bitcoin takes less than 20 times the same result in a row and it will happen. as many others in this forum have stated your loss is just a matter of time when using martingale.

to chase 20 times winning consecutive is an impossible mission
you may can hit it someday, but the chance is very very low
not really suggested to use any form of martingale betting system
it's the worst strategy ever found. nothing can bring you an everlasting win.

bering

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Quote from: btcloi78 on January 08, 2017, 04:28:54 PM

I lossed with martingale strategy on primedice 18 losses in a row this is my record

).
This is my observation about dice sites. losing streak>winning streak

its' not only you losing their money during use martingale strategy for their gamble and 18 losing streak is good record but i have been experience 25 losing streak and i think mine more worst than yours and regarding this strategy currently people start to leave martingale because the risk more higher rather than other strategy

JasonXG

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The most times I have lost in a row was about 10-13 and its happened a few times. But I have also won thst many times in a row unfortunately I never put high enough bets to make it count for much.

I ise to do lots of small bets but it makes no difference to the outcome so now I just make bigger ones but fewer and walk away when I make over 10% profit. !much safer thst way. Although I dont gamble much anymore.

numanoid

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Quote from: btcloi78 on January 08, 2017, 04:28:54 PM

I lossed with martingale strategy on primedice 18 losses in a row this is my record

).
This is my observation about dice sites. losing streak>winning streak

Only 18? i had 28 streak loses (Not in Primedice), lol
Your observation is totaly wrong. You should do millions/billions bets before you judge if losing streak is more than winning streak if you 're playing at 49.5% or 2x multiplier. Losing streak is more than winning streak if you're playing at low win chance (<49.5%), you will having more winning streak if you're playing at high chance (>49,5%)

pooya87

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Quote from: btcloi78 on January 08, 2017, 04:28:54 PM

I lossed with martingale strategy on primedice 18 losses in a row this is my record

).
This is my observation about dice sites. losing streak>winning streak

you have to mention your multiplier when you are reporting losing steak on dice and using martingale. it can be normal on a 5x multiplier and abnormal for 1.01x multiplier!
but i am guessing you have been playing with 2x since you said nothing about it and if so, it is still normal since i have had multiple occasions that losing streak went as high as 29-30 losses on a 2x multiplier.

Golftech

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Quote from: Japinat on January 08, 2017, 11:47:27 PM

Quote from: Neogeon on January 08, 2017, 07:23:47 PM

Quote from: rizkyhiw on January 08, 2017, 06:55:35 PM

Quote from: SparkedDev on December 18, 2016, 09:44:07 PM

I normally start with 0.0000001 - 0.000001 with a 1.25% on lose is normally what i do for plinko 1 drops or dice 80% high.

Is that bet amount not too small? Is it worth to your time? I don't think so
My personal experience says no matter how low your bet to martingale sooner or later you will get busted
I almost lost 10 bitcoin 2 years ago with starting bet at 0.0001
Can you imagine how annoying it is, when you try to chase 0.0001 with martingale but you have to risk almost 10 bitcoin? It is totally a joke.

amen. i made thousands on martingale when i used it in roulette years back when i was a lot younger. but in the end i saw several times black or red or high or low come up 30 or even more times in a row and i stopped while i still had profit. going from 0.0001 to 10 bitcoin takes less than 20 times the same result in a row and it will happen. as many others in this forum have stated your loss is just a matter of time when using martingale.

Exactly, it does not guarantee you to win as it primarily depend on your luck. What I believe that is necessary to win in gambling is having the skills to choose the correct bet and second is the right bankroll management. Both should be considered as only one won't work.

Martingale for me is not really that profitable, I have a bad experience getting busted with 10 cold losing steak and that's not fun at all especially when you are starting with a good win.

Its not good to keep using it from time to time maybe you can combined your skills and this strategy while you still got a good bankroll because for sure in a long run keep using martingale will just let you loses you capital without noticing it. Need to be very careful and self control to quit while you still have time.

Japinat

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Quote from: Neogeon on January 08, 2017, 07:23:47 PM

Quote from: rizkyhiw on January 08, 2017, 06:55:35 PM

Quote from: SparkedDev on December 18, 2016, 09:44:07 PM

I normally start with 0.0000001 - 0.000001 with a 1.25% on lose is normally what i do for plinko 1 drops or dice 80% high.

Is that bet amount not too small? Is it worth to your time? I don't think so
My personal experience says no matter how low your bet to martingale sooner or later you will get busted
I almost lost 10 bitcoin 2 years ago with starting bet at 0.0001
Can you imagine how annoying it is, when you try to chase 0.0001 with martingale but you have to risk almost 10 bitcoin? It is totally a joke.

amen. i made thousands on martingale when i used it in roulette years back when i was a lot younger. but in the end i saw several times black or red or high or low come up 30 or even more times in a row and i stopped while i still had profit. going from 0.0001 to 10 bitcoin takes less than 20 times the same result in a row and it will happen. as many others in this forum have stated your loss is just a matter of time when using martingale.

Exactly, it does not guarantee you to win as it primarily depend on your luck. What I believe that is necessary to win in gambling is having the skills to choose the correct bet and second is the right bankroll management. Both should be considered as only one won't work.

Martingale for me is not really that profitable, I have a bad experience getting busted with 10 cold losing steak and that's not fun at all especially when you are starting with a good win.

Neogeon

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Quote from: rizkyhiw on January 08, 2017, 06:55:35 PM

Quote from: SparkedDev on December 18, 2016, 09:44:07 PM

I normally start with 0.0000001 - 0.000001 with a 1.25% on lose is normally what i do for plinko 1 drops or dice 80% high.

Is that bet amount not too small? Is it worth to your time? I don't think so
My personal experience says no matter how low your bet to martingale sooner or later you will get busted
I almost lost 10 bitcoin 2 years ago with starting bet at 0.0001
Can you imagine how annoying it is, when you try to chase 0.0001 with martingale but you have to risk almost 10 bitcoin? It is totally a joke.

amen. i made thousands on martingale when i used it in roulette years back when i was a lot younger. but in the end i saw several times black or red or high or low come up 30 or even more times in a row and i stopped while i still had profit. going from 0.0001 to 10 bitcoin takes less than 20 times the same result in a row and it will happen. as many others in this forum have stated your loss is just a matter of time when using martingale.

rizkyhiw

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Quote from: SparkedDev on December 18, 2016, 09:44:07 PM

I normally start with 0.0000001 - 0.000001 with a 1.25% on lose is normally what i do for plinko 1 drops or dice 80% high.

Is that bet amount not too small? Is it worth to your time? I don't think so
My personal experience says no matter how low your bet to martingale sooner or later you will get busted
I almost lost 10 bitcoin 2 years ago with starting bet at 0.0001
Can you imagine how annoying it is, when you try to chase 0.0001 with martingale but you have to risk almost 10 bitcoin? It is totally a joke.

iluvbitcoins

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Freedom&Honor

Quote from: btcloi78 on January 08, 2017, 04:28:54 PM

I lossed with martingale strategy on primedice 18 losses in a row this is my record

).
This is my observation about dice sites. losing streak>winning streak

Ohh, damn

Sorry to hear that bud!

How much did you lose?

btcloi78

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I lossed with martingale strategy on primedice 18 losses in a row this is my record

).
This is my observation about dice sites. losing streak>winning streak

EdenHazard

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Quote from: dooglus on December 13, 2016, 04:51:53 PM

Quote from: ?? on ??

You can try martingale on our site http://crazybtrade.com

Please use 1.85x coef.
Chance of winning is really 50/50.

Good luck!

Are you saying you pay out 1.85 times the stake for a 50% chance of winning?

That's a huge 7.5% house edge.

Why would anyone want to play on such a site when every other site (except satoshidice) is offering 1% house edge games or better?

lol yes it must be at 1.98 for 50/50 chance if you have 1 percent house edge like any other provably fair games , nobody will play on a game with that high house edge and do martingale on it , it just a really bad idea.

except slots machine with around 10 to 20 percent house edge, but still will never work for any martingale betting system.

jamyr

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<------

Quote from: dooglus on December 13, 2016, 04:51:53 PM

Quote from: ?? on ??

You can try martingale on our site http://crazybtrade.com

Please use 1.85x coef.
Chance of winning is really 50/50.

Good luck!

Are you saying you pay out 1.85 times the stake for a 50% chance of winning?

That's a huge 7.5% house edge.

Why would anyone want to play on such a site when every other site (except satoshidice) is offering 1% house edge games or better?

Answers to why,

1. Not everybody is well informed of alternatives.
Ex. Facebook user post a false win, attracts player, newbies most of the time.
2. Money talks.
Signature campaign of crazybtrade.

I wish this guy cr__y_t__de go on vacation instead of Dean.

milewilda

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Quote from: Golftech on December 16, 2016, 11:40:50 AM

Quote from: milewilda on December 16, 2016, 09:41:16 AM

Quote from: chixka000 on December 16, 2016, 09:25:54 AM

I love to use martiangle and add the paroli system this can reduce my losing streak. For example paroli system usually came in when you win 3x streak or lose one time. But when you add the two things up. starting betting a higher amount bet 3x whether a win or lose then go back to base bet i don't why but i just love this type of tactic

Using paroli system together with martingale do work sometimes or shall we say most of the time depending on how you use it but still you will got busted on the long run.I do also use this kind of tactics in the past but i lost too much because i become too greedy when im using this method because i do experience huge lossing streak then im trying to chase up thats why i lose even more.Martingale or any other methods doesn't work in the long run.

Lets face it if we are playing luck games we wont be able to succeed using martingale or any other strategy that same goal but if we can manage to keep changing your style even its look like the same way but the amount of earnings or winning has been change then provably if we can quit right away and enjoy the success of your own ways of martingale to take your winnings.

It really depends on what kind of gambler you are and on how you gonna utilize or combine those ways or methods.It may really work since we could do adjustments on our bets and could decide on which method you will use on a particular situation.It may work for sometime and does also depend on your luck most of the time.

BlockEye

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Quote from: numanoid on December 16, 2016, 08:13:15 AM

Quote from: puremage111 on December 16, 2016, 02:42:02 AM

~snip~
wow i never thought of losingn 20 time straight at rate of almost 1/2. the max losing streak i ever had is just 16 at 53.1%

Get 20 streak loses at 49.95% or 2x multiplier is normal. I had 28 streak loses at that win chance back then (The highest streak loses is 32 from someone until now).

I think it is not 32. I already experience 40 loes streak on PD. I'm just lucky that i didn't used martingle that time and just bet on a fixed price. The number of losing streak is unpredictable. It can be a long and exceeds based on what we expected because it is just a probability game.

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

personally i didn't recommend martingle for long run strategy. But i used it just for a short period with huge bet. once i double my money then i stop using it. I'm just holding on my luck. Grin

SparkedDev

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I normally start with 0.0000001 - 0.000001 with a 1.25% on lose is normally what i do for plinko 1 drops or dice 80% high.

Golftech

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Quote from: milewilda on December 16, 2016, 09:41:16 AM

Quote from: chixka000 on December 16, 2016, 09:25:54 AM

I love to use martiangle and add the paroli system this can reduce my losing streak. For example paroli system usually came in when you win 3x streak or lose one time. But when you add the two things up. starting betting a higher amount bet 3x whether a win or lose then go back to base bet i don't why but i just love this type of tactic

Using paroli system together with martingale do work sometimes or shall we say most of the time depending on how you use it but still you will got busted on the long run.I do also use this kind of tactics in the past but i lost too much because i become too greedy when im using this method because i do experience huge lossing streak then im trying to chase up thats why i lose even more.Martingale or any other methods doesn't work in the long run.

Lets face it if we are playing luck games we wont be able to succeed using martingale or any other strategy that same goal but if we can manage to keep changing your style even its look like the same way but the amount of earnings or winning has been change then provably if we can quit right away and enjoy the success of your own ways of martingale to take your winnings.

milewilda

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Quote from: chixka000 on December 16, 2016, 09:25:54 AM

I love to use martiangle and add the paroli system this can reduce my losing streak. For example paroli system usually came in when you win 3x streak or lose one time. But when you add the two things up. starting betting a higher amount bet 3x whether a win or lose then go back to base bet i don't why but i just love this type of tactic

Using paroli system together with martingale do work sometimes or shall we say most of the time depending on how you use it but still you will got busted on the long run.I do also use this kind of tactics in the past but i lost too much because i become too greedy when im using this method because i do experience huge lossing streak then im trying to chase up thats why i lose even more.Martingale or any other methods doesn't work in the long run.

Topic: what position size for martingale? (Read 2283 times)