Why martingale is PURE SHIT. - page 2.

crwth

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Quote from: Kevin77 on September 12, 2018, 04:07:37 AM

Quote from: kurian on September 06, 2018, 01:05:51 PM

I have found a well explained post from an another topic which would obviously make you understand why Martingale won't work for long. It is not worth to risk a large amount of money for a small profit. No matter how much bankroll you have, this strategy could wipe out the entire balance as simple as that.

A well explained post indeed, I must say. I have argued with certain people in the past about things like this and how long streak of losses can hit your game and then you are left with nothing, this certainly is a mathematical representation of what happens with just only 20 streaks which is something that can easily be seen and a lot of people tend to discard. At 20 streaks of losses, such individual is already at a loss of a total of 1048575sats, over pursuing 1 satoshi. That is like taking a lot of risk over something insubstantial.

I do see many gambler here are sharing about their 30+ losing streaks also. Still, I am not seeing any possibilities for such things to happen in real life but more frequently happening with online environments. I mean where is the actual problem is occurring ? Concluding this mathematical formula as not suitable will ignore the basics of probabilities and permutation ?

Mathematical things will never react based on environments. But unfortunately, by keeping the full faith on those gambling houses, we do get ready to call one mathematical formula as a pure shit. Ridiculous gamblers Shocked

.

Well I guess what happens happens whether it should be positive or negative, it happened already and you can never get it back. And what caused it? When gambling, it’s greediness and it doesn’t serve anyone or anything else. Risking everything would mean total devastation of your balance. For mathematics, it just happens to be that lucky strike.

Kevin77

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Quote from: kurian on September 06, 2018, 01:05:51 PM

I have found a well explained post from an another topic which would obviously make you understand why Martingale won't work for long. It is not worth to risk a large amount of money for a small profit. No matter how much bankroll you have, this strategy could wipe out the entire balance as simple as that.

A well explained post indeed, I must say. I have argued with certain people in the past about things like this and how long streak of losses can hit your game and then you are left with nothing, this certainly is a mathematical representation of what happens with just only 20 streaks which is something that can easily be seen and a lot of people tend to discard. At 20 streaks of losses, such individual is already at a loss of a total of 1048575sats, over pursuing 1 satoshi. That is like taking a lot of risk over something insubstantial.

I do see many gambler here are sharing about their 30+ losing streaks also. Still, I am not seeing any possibilities for such things to happen in real life but more frequently happening with online environments. I mean where is the actual problem is occurring ? Concluding this mathematical formula as not suitable will ignore the basics of probabilities and permutation ?

Mathematical things will never react based on environments. But unfortunately, by keeping the full faith on those gambling houses, we do get ready to call one mathematical formula as a pure shit. Ridiculous gamblers Shocked

.

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Quote from: BALIK on September 11, 2018, 12:13:49 PM

I'm legit sick of hearing people talking about their dice strategy, or their blackjack strategy etc. There is absolutely nothing you can do to defeat the house edge on these games other than cheating, face it people, your strategy is bullshit, you just go completely lucky and you will get rekt eventually if you continue with your delusions.

Yeah dice is a game of streaks and whether people accept it or not, it's not them or their strategies that'll determine the outcome but pure luck. A couple of losing streaks could use up all your money with martingale.

Betwrong

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Quote from: adaseb on August 30, 2018, 03:07:31 AM

I am pretty sure we all fell for the easy martingale trick, especially when it comes to dice.

We all played with 50/50 win rate and whenever we got a loss, we doubled our bet until we won and broke-even. It was almost like free money until we got like 15 nasty red losses in a row.

Basically a better strategy is to just do reverse martingale and if you get lucky you can win some huge amounts with little risk.

Bet 10 Satoshi's and if you win... bet 20 Satoshi's. If you lose, you keep betting 10 Satoshi's and never more. If you win and lose again, then you only lose 10 Satoshi's and no more.

This way you can control your losses and if you get lucky with 20 wins in a row your 10 Satoshi base bet will be a huge winner on the 19th win. However many emotions to do this one right because most will stop playing after 7-8 wins.

I can confirm that reverse martingale is a fun strategy to play with. Actually, that's how I earned/won my very first 100k satoshis. The faucet on a dice site was around 1k sats at the moment and I was playing with 2x multiplier (not knowing that one can play with any multiplier they want). I remember maxing after every win until reaching to over 100k sats on my balance. It's fun to play with strategy from time to time, but don't put it on autobet.

BALIK

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I'm legit sick of hearing people talking about their dice strategy, or their blackjack strategy etc. There is absolutely nothing you can do to defeat the house edge on these games other than cheating, face it people, your strategy is bullshit, you just go completely lucky and you will get rekt eventually if you continue with your delusions.

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Quote from: Barcode_ on September 05, 2018, 06:10:43 AM

That is one of the reason I always avoid interacting with people who claims they are able to beat the casino with their martingale strategy in the chat room. In my opinion, the people who claims to have a winning strategy in gambling is obviously fake as they would be a millionaire themselves using that strategy, all the games in the casino would always have a house edge against the players, and this house edge advantage on the casino side would gives the casino a higher chance to beat the gamblers in the long run.

Gambling business already exists and is able to survive for a long time, which means, no strategy has been able to defeat it. Of course, if there is people who claim he has a strategy that can beat the house, surely the person is lying. We as active gamblers have many limitations that certainly won't go in our favor at the long run.

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Quote from: btctalk4life on September 04, 2018, 04:45:57 AM

That's why you never use martingale strategy for long run, once you use it for long run, you will get that 32reds endless streak. So, before that happen, stop when you think its enough.

Thats why you should never use any strategy to gamble. If you are looking at the long term effect then the house will always wins. In short if you mathematically simulate the proabability of the losses then you will find out that the loss is always going to happen. If you get lucky using a strategy then better withdraw it and stop playing because the red streak is going to come soon.

For addicted gambler though when they see a green streak they just want to bet more and more and keep on multiplying their wins. Sadly it always ends up the wrong way

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You can also use martingale just for bumping small bet loses like 1k, you would martingale from 500 -> 1000 -> 2000 and so on it would be simple.
But this is one smaller case.

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That is one of the reason I always avoid interacting with people who claims they are able to beat the casino with their martingale strategy in the chat room. In my opinion, the people who claims to have a winning strategy in gambling is obviously fake as they would be a millionaire themselves using that strategy, all the games in the casino would always have a house edge against the players, and this house edge advantage on the casino side would gives the casino a higher chance to beat the gamblers in the long run.

Theb

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Even if you have a lot of money to start with, there is no guarantee that one of your bets will win first before you run out of money. The problem here is a lot of people who tried this technique where they put a lot of money in their bets turns out losing them all as they got into a losing slump. And of course these persons complaining will start blaming the gambling casino for their misfortune but the real ones to blame are themselves as they are using an unproven strategy for their bets.

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Quote from: nl247 on September 04, 2018, 11:27:21 AM

Quote from: btctalk4life on September 04, 2018, 04:45:57 AM

Quote from: TheUltraElite on September 04, 2018, 03:49:09 AM

Quote from: imsotiredofmoviereboots on September 02, 2018, 09:14:28 PM

It's very risky when you are on many levels of your bet but I can say that if you are betting using the martingale strategy with less than $100 then I could say it will work and not just a stupid strategy. It's fun on that level but your heart slows its beat when you have now multiplied your bets into $1k.

You seriously need to try it out yourself and see what happens. In gambling what will be the number of red streaks does not depend on your strategy. When gambling based on martingale method, you can face an endless red streak of more than 32reds and this will wipe out a lot or maybe your entire balance. Does that mean its going to be the method of ultimate profit? In fact there is no such method which can give profits on every roll. Its just luck.

Anything is possible in gambling and so no strategy is going to be fool-proof or full-proof. If you manage to get lucky you may win but you may also lose if you are unlucky.

That's why you never use martingale strategy for long run, once you use it for long run, you will get that 32reds endless streak. So, before that happen, stop when you think its enough.

You should not even start being comfortable with it in the first place. Martingale is just a strategy to prolong the game a bit but not for winning. Even in the short run whether you like it or not, it is still going to end up hitting you hard.

Even on a betting start amount of 1 sats, depending on your bankroll which I believe no sane individual will be gambling with what they can't afford to lose, just 13 to 15 streaks of losses is enough to wipe your account over just a satoshi. That is ridiculous!

When you do focused on 2x payout then holding up long losing streaks will be possible depending on how much money you do have but mostly i have seen 25+ streaks and your money is gone even putting up 1 sats on your bet. Martingale strategy is classic and been used still upto nowadays but for newbie or new gamblers they do have different mindset and appreciation with this common strategy.They do saw some people who make big profits but they dont know that theres always a very big risk behind it before they do attain those amounts.

nl247

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Quote from: btctalk4life on September 04, 2018, 04:45:57 AM

Quote from: TheUltraElite on September 04, 2018, 03:49:09 AM

Quote from: imsotiredofmoviereboots on September 02, 2018, 09:14:28 PM

It's very risky when you are on many levels of your bet but I can say that if you are betting using the martingale strategy with less than $100 then I could say it will work and not just a stupid strategy. It's fun on that level but your heart slows its beat when you have now multiplied your bets into $1k.

You seriously need to try it out yourself and see what happens. In gambling what will be the number of red streaks does not depend on your strategy. When gambling based on martingale method, you can face an endless red streak of more than 32reds and this will wipe out a lot or maybe your entire balance. Does that mean its going to be the method of ultimate profit? In fact there is no such method which can give profits on every roll. Its just luck.

Anything is possible in gambling and so no strategy is going to be fool-proof or full-proof. If you manage to get lucky you may win but you may also lose if you are unlucky.

That's why you never use martingale strategy for long run, once you use it for long run, you will get that 32reds endless streak. So, before that happen, stop when you think its enough.

You should not even start being comfortable with it in the first place. Martingale is just a strategy to prolong the game a bit but not for winning. Even in the short run whether you like it or not, it is still going to end up hitting you hard.

Even on a betting start amount of 1 sats, depending on your bankroll which I believe no sane individual will be gambling with what they can't afford to lose, just 13 to 15 streaks of losses is enough to wipe your account over just a satoshi. That is ridiculous!

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Quote from: TheUltraElite on September 04, 2018, 03:49:09 AM

Quote from: imsotiredofmoviereboots on September 02, 2018, 09:14:28 PM

It's very risky when you are on many levels of your bet but I can say that if you are betting using the martingale strategy with less than $100 then I could say it will work and not just a stupid strategy. It's fun on that level but your heart slows its beat when you have now multiplied your bets into $1k.

You seriously need to try it out yourself and see what happens. In gambling what will be the number of red streaks does not depend on your strategy. When gambling based on martingale method, you can face an endless red streak of more than 32reds and this will wipe out a lot or maybe your entire balance. Does that mean its going to be the method of ultimate profit? In fact there is no such method which can give profits on every roll. Its just luck.

Anything is possible in gambling and so no strategy is going to be fool-proof or full-proof. If you manage to get lucky you may win but you may also lose if you are unlucky.

That's why you never use martingale strategy for long run, once you use it for long run, you will get that 32reds endless streak. So, before that happen, stop when you think its enough.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: imsotiredofmoviereboots on September 02, 2018, 09:14:28 PM

It's very risky when you are on many levels of your bet but I can say that if you are betting using the martingale strategy with less than $100 then I could say it will work and not just a stupid strategy. It's fun on that level but your heart slows its beat when you have now multiplied your bets into $1k.

You seriously need to try it out yourself and see what happens. In gambling what will be the number of red streaks does not depend on your strategy. When gambling based on martingale method, you can face an endless red streak of more than 32reds and this will wipe out a lot or maybe your entire balance. Does that mean its going to be the method of ultimate profit? In fact there is no such method which can give profits on every roll. Its just luck.

Anything is possible in gambling and so no strategy is going to be fool-proof or full-proof. If you manage to get lucky you may win but you may also lose if you are unlucky.

Indrawan77

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For the one that still beginners they thought that they are impossible to lose because they never see a 20 times lose streak, but they don't know that if you played a lot of times there will be a chance that it happened, and I agree martingale is not worth it at all, you spend a big amount just to win a little money, and for long term we will never win because the casino got house edge advantage, and the casino also got bigger capital

imsotiredofmoviereboots

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It's very risky when you are on many levels of your bet but I can say that if you are betting using the martingale strategy with less than $100 then I could say it will work and not just a stupid strategy. It's fun on that level but your heart slows its beat when you have now multiplied your bets into $1k.

crwth

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For those who are addicted to gambling, it surely is a need to understand the martingale strategy. A need to satisfy their game cravings (idea to win). But for those rest, it’s not actually a “need”. It’s more like, “why” use it. Gambling addicts tend to use, and they need to gamble. They cannot avoid it, and it's one of the most popular strategies. Some gamble for fun, or out of curiosity and sometimes even because they want to widen their ideas with the approach of it or even connections to a network of people.

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In theory martingale is probably the best method out there as of right now, because the only two variables that should stop it from working is the fact that you'd either run out of money or the bankroll of the gambling site is going to run out of money (or there will be a max bet of some sort)

Though I don't think people should think it's foolproof because it's far from it...

Gambling is a game of chance, and the odds are stacked against you.

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Quote from: gabmen on August 29, 2018, 01:35:39 PM

Pure shit for people who don't have that much funds to use martingale efficiently. If you have a lot of money, then it cam be pretty profitable. Though i agree that it isn't for an extemded time.

Even if people say that there are a lot of funds in your account, you can't ensure a win using martingale since you will be just going home quickly when using this strategy, though I also agree that it is a great strategy for people who really wants to earn money but you will never know the lose streak of your gambling activity so don't follow your emotions or feelings since it might be the reason of your loss.

If you are really in a losing streak, always think about stopping or going back to your starting bet since the more you losing streak, the more you are losing. That is how dangerous this gambling strategy is.

Topic: Why martingale is PURE SHIT. - page 2. (Read 2144 times)