what position size for martingale? - page 3.

uoyeparannog

member

Activity: 72

Merit: 10

Drunk Lunatic

Quote

More advices and tips on Martingale is welcome

Change system. Martingale will eat Your soul and money almost always - it's good only for short sessions. Try some non-progressive (or less "damaging" progressive) beting system. Labouchere is very good to make small profits with very low risk, d'Alembert often leads to loses, but if You know when to stop it's good too. Even Fibonacci leads to profit near Martingale with lower risk (anyway risk is still bit big). Just several examples - explore, learn and do some science.

moreia

sr. member

Activity: 350

Merit: 250

Martingale is absolutely dangerous to play.

I´m looking for a way to play with it securely until now without success.
We know that when you have a big bankroll you increase your chances of have a return of your last bet. But, if the lucky is against you may lost but a huge part (when not all) of your bankroll trying to do the last recovery bet.

Even, if probability shows you have for example a extremely low probability for a loosing strike of 18 bets (0,00038% (1/ 2^18)), the true is that it may happens. And when it happens you are loosing not all but 65% of you whole capital. It Is disastrous and painful.

More advices and tips on Martingale is welcome

vlees

full member

Activity: 196

Merit: 100

Bot probably crashed.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: KingOfSports on September 03, 2013, 01:21:45 AM

If you look closely doog, obviously this user could not FULLY afford the 21st bet, thus losing a couple bitcents still. Lucky all in bet congrats to that user, probably got the blood rushing.

Oh yeah, I hadn't noticed.

Check the timestamps too - that last bet was an hour and a half later than the other 20.

KingOfSports

hero member

Activity: 602

Merit: 500

Acc bought - used solely for signature testing

If you look closely doog, obviously this user could not FULLY afford the 21st bet, thus losing a couple bitcents still. Lucky all in bet congrats to that user, probably got the blood rushing.

dooglus

legendary

Activity: 2940

Merit: 1333

I saw a streak of 20 losses yesterday at 49.5% chance to win per roll.

It happened on Just-Dice, so I know the rolls are fair (I wrote the code).

Luckily the player was able to afford a 21st roll, and ended up winning:

uoyeparannog

member

Activity: 72

Merit: 10

Drunk Lunatic

Quote

18 streak is 2^18 so nearly 1:250,000

Odds for 18 loses streak assumung that win chance is 50% is exactly 0.0003814697265625%. Anyway, that's odds for streak within 18 tries. Relyin on that simple math for 1000 or so series is - plainly - stupid. If You'll bust after 18 loses in row and each "roll" gives You 50% win chance, within 1000 "rolls" You'll be busted for 0.19% (cool anyway), within 10 000 rolls - 1.89%, within 100 000 rolls (if using some bots or so) - 17.36%. How much rolls You made? (by roll I mean single game).

_{SpAm SpAm SpAm <3}

monbux

legendary

Activity: 1736

Merit: 1029

Lost over 30x in a row. Welcome to earth lol

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

ZERO.

BetWithCoins

newbie

Activity: 43

Merit: 0

I start on 6, and have enough to cover 18 streak

18 streak is 2^18 so nearly 1:250,000

marcovaldo

sr. member

Activity: 350

Merit: 250

I have had 12 or 13 losing streak.
I start with a few satoshi. (1 - 10)

uoyeparannog

member

Activity: 72

Merit: 10

Drunk Lunatic

Everything is possible with long Martini session. Not only bet size matters, but also - according to Deep Math - amount of "rolls" (vide CPC). Usualy I use even as low bet as 0.01% of bankroll. IMO Martini is bad choice for long run, like all other progression-based systems by the way.

gen. specific

member

Activity: 86

Merit: 10

Hey guys, what position size do you use for martingales

so far I've only ever had a 6x losing streak before I have to switch to random walk, this is because my position size starts out at 1% of the gambling capital

do you guys bet with .5% or even smaller? this would let you get to 7 or 8 losing but it also requires more turns to make any decent winnings, increasing your personal odds of getting a longer losing streak if you haven't encountered it before (although I understand the losing streak can happen at any time since this is all luck)

Topic: what position size for martingale? - page 3. (Read 2283 times)