what position size for martingale? | Bitcointalksearch.org

Caladonian

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Quote from: Kevin77 on January 11, 2017, 03:41:18 PM

Quote from: bering on January 10, 2017, 05:29:20 AM

Quote from: btcloi78 on January 08, 2017, 05:28:54 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, 05:29:20 AM

Quote from: btcloi78 on January 08, 2017, 05:28:54 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, 08:23:47 PM

Quote from: rizkyhiw on January 08, 2017, 07:55:35 PM

Quote from: SparkedDev on December 18, 2016, 10:44:07 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, 05:28:54 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, 05:28:54 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, 05:28:54 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 09, 2017, 12:47:27 AM

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

Quote from: rizkyhiw on January 08, 2017, 07:55:35 PM

Quote from: SparkedDev on December 18, 2016, 10:44:07 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, 08:23:47 PM

Quote from: rizkyhiw on January 08, 2017, 07:55:35 PM

Quote from: SparkedDev on December 18, 2016, 10:44:07 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, 07:55:35 PM

Quote from: SparkedDev on December 18, 2016, 10:44:07 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, 10:44:07 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, 05:28:54 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, 05:51:53 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, 05:51:53 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, 12:40:50 PM

Quote from: milewilda on December 16, 2016, 10:41:16 AM

Quote from: chixka000 on December 16, 2016, 10:25:54 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, 09:13:15 AM

Quote from: puremage111 on December 16, 2016, 03:42:02 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, 10:41:16 AM

Quote from: chixka000 on December 16, 2016, 10:25:54 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, 10:25:54 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.

chixka000

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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

dunfida

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Quote from: numanoid on December 16, 2016, 09:13:15 AM

Quote from: puremage111 on December 16, 2016, 03:42:02 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).

Quote from: Script3d on December 16, 2016, 04:01:21 AM

~snip~
this would not work unless you have a huge amount of bankroll like 100.

No matter how big your bankroll, if you using martinshit strategy, you'll ended busted/lose.

28x lossing streak of yours is truly scary and i believe you have a higher bankroll with a less basebet that you could able to sustain upto 28x streak which is very long already and its a very rare thing for me since my max lose streak is only 19-20x on 49.95 chance and that makes my bankroll vanished in an instant.You're right no matter how big or small if you use martingale it doesnt guarantee you.

numanoid

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Quote from: puremage111 on December 16, 2016, 03:42:02 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).

Quote from: Script3d on December 16, 2016, 04:01:21 AM

~snip~
this would not work unless you have a huge amount of bankroll like 100.

No matter how big your bankroll, if you using martinshit strategy, you'll ended busted/lose.

shanem

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I would never ever recommend people to bet using martingale. There have been many cases where people lost their entire bankroll when they lost more than 10 times in a row. You may win bits by bits most of the time but it will take one losing streak to wipe out all of your bankroll. Then it would be too late to regret.

carlfebz2

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Position size for martingale would depend on how much bankroll do you have and losing streaks would depend on how high your multiplier is. I do experience 60x losing streak on dice since I do set the odds to get the multiplier of 60x which could really suffer you from long streak lose because the winning chance is too low. If you are referring on losing streak on 50% then I experience 15x.

Script3d

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Quote from: uoyeparannog on September 02, 2013, 05:19:01 PM

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.

this would not work unless you have a huge amount of bankroll like 100. and your right martingale is bad choice at long round because the site always win on long term martingale. there are alot of strategies out there why would you stick on martingale

puremage111

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Quote from: dooglus on September 03, 2013, 02:18:41 AM

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:

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%

stadus

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I use BTC0.001 as my starting amount in a 5 streak martingale in dice, if that amount will reach to BTC0.01 then stop or if my whole bankroll loses whichever comes first. That is just my way in dice games but in sports betting I do flat betting, with a fix amount and a bigger bets, normally my minimum bet is BTC0.01.

Golftech

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Quote from: Kasabus on December 15, 2016, 04:03:17 AM

Quote from: patt0 on December 13, 2016, 06:30:33 PM

Quote from: gen. specific on September 02, 2013, 01:15:15 PM

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)

To be honest I think you are over thinking it. It's gambling, you will lose in the long run, and there is nothing you can do about it.
You should control you bankroll, so you don't lose money you shouldn't be gambling, but that's about it. The rest is all about trying to get luck, and get out when you get it. I prefer to bet from 5% to 10% of my bank, but I don't do martingale. Yes sometimes I double it, but not doing a strict martingale.

Normally I bet between those amounts I mention, and I try to double or go bust, period xD

Seems like I am not lucky enough in gambling but still I love to do it, I have tried different method in gambling base on the reviews of the people who have experience it and one of them is martingale, however non of them works in the long run. So simply, I just stop the method and just stay on the very conventional way which is flat betting.

Thats should how to treat gambling mate dont trust or use strategy that you arent the one who created it because those practice already been expected by the house sytem better to use your own one and trust your luck martin fails is for short term use for those whos contented with small winnings and can go away after hitting small earnings.

Kasabus

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Quote from: patt0 on December 13, 2016, 06:30:33 PM

Quote from: gen. specific on September 02, 2013, 01:15:15 PM

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)

To be honest I think you are over thinking it. It's gambling, you will lose in the long run, and there is nothing you can do about it.
You should control you bankroll, so you don't lose money you shouldn't be gambling, but that's about it. The rest is all about trying to get luck, and get out when you get it. I prefer to bet from 5% to 10% of my bank, but I don't do martingale. Yes sometimes I double it, but not doing a strict martingale.

Normally I bet between those amounts I mention, and I try to double or go bust, period xD

Seems like I am not lucky enough in gambling but still I love to do it, I have tried different method in gambling base on the reviews of the people who have experience it and one of them is martingale, however non of them works in the long run. So simply, I just stop the method and just stay on the very conventional way which is flat betting.

patt0

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Quote from: gen. specific on September 02, 2013, 01:15:15 PM

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)

To be honest I think you are over thinking it. It's gambling, you will lose in the long run, and there is nothing you can do about it.
You should control you bankroll, so you don't lose money you shouldn't be gambling, but that's about it. The rest is all about trying to get luck, and get out when you get it. I prefer to bet from 5% to 10% of my bank, but I don't do martingale. Yes sometimes I double it, but not doing a strict martingale.

Normally I bet between those amounts I mention, and I try to double or go bust, period xD

dooglus

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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?

smho_16

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If you play games of luck no matter how small your starting bet is you can go losing up to quite a lot of times. I am talking about online casinos as in real life Martingale work wonders (or should I say worked since land casinos put betting limits only to avoid the martingale guys). In real life if you flip your coin it cannot be 100x head or 100x tail as laws of mathematics and statistics don't permit that.

So I think martingale is out of the question that will bring to the user losses and is better to use it only in soccer up to 5-6 times with games with odds 2 or more, very difficult but not impossible.

ethereumhunter

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Quote from: monbux on September 02, 2013, 09:56:30 PM

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

i loss in over than 7 times in a row but only make small winning with small money. i guess i really need my luck to win the money. but maybe i will trying in the other days and i hope my luck is working like the others.

TooMainstream

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And if you need to martingale, have the decency of doing at least 2.1x instead of the classic 2x.
It doesn't seem to change a lot, but in reality with long martingale it has its effects.

jamyr

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<------

Quote from: dooglus on September 03, 2013, 02:18:41 AM

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:

Whenever I encounter 10-12 straight reds, my mouse suffers. I think if I encounter this 20reds, I wont be able to move even an inch of my muscle.

b!z

legendary

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Super martingale Roll Eyes

dooglus

legendary

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Merit: 1333

Quote from: dondon on September 04, 2013, 09:15:24 PM

If you have an unlimited bankroll with no betting limits theoretically you can dig yourself out of a hole if you go on a ridiculous losing streak on the martingale system.

In reality though, using the martingale system on any type of gambling carries risk because not everyone has an unlimited bankroll, and many betting sites or casinos will eventually limit your stakes.

Every casino will eventually limit your stakes. There are only ever going to be 21 million Bitcoins. It only takes 25 doubles to get from 1 BTC to over 21 million BTC. People don't have a good feel for how quickly "doubling" makes a number big.

johnmatrix

sr. member

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Merit: 250

Quote from: dooglus on September 03, 2013, 02:18:41 AM

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:

Seeing so many 9x, the best game here would have been to bet over 99 all those rounds, for a 200x gain.

dondon

newbie

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Merit: 0

If you have an unlimited bankroll with no betting limits theoretically you can dig yourself out of a hole if you go on a ridiculous losing streak on the martingale system.

In reality though, using the martingale system on any type of gambling carries risk because not everyone has an unlimited bankroll, and many betting sites or casinos will eventually limit your stakes.

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

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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

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Bot probably crashed.

dooglus

legendary

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Quote from: KingOfSports on September 03, 2013, 02:21:45 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

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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

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

byronbb

legendary

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HODL OR DIE

ZERO.

BetWithCoins

newbie

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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

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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? (Read 2274 times)