I don't understand what can be discussed here again, Martingale does not work (like any strategy in a casino). This strategy is good only for creating some kind of illusion (given the fact that you start the game with micro stakes, you will be in profit, albeit small, but for quite a long time) that you can beat the casino.
OP didn't disscuss about martingale actually if you really read what he wrote on here. This thread also has been almost 2 years old, so it's basically didn't worth to disscuss anymore. He just shared his thought about how the calculation from martingale strategy. Martingale indeed won't work in long run, but it's also can make you profit if you are lucky. 
Topic: Why the martingale system sucks! (doubling down on losses) - page 12. (Read 3297 times)
I don't understand what can be discussed here again, Martingale does not work (like any strategy in a casino). This strategy is good only for creating some kind of illusion (given the fact that you start the game with micro stakes, you will be in profit, albeit small, but for quite a long time) that you can beat the casino.
Although it doesn't work on long run I don't know any better strategy that could be used to maximize the time a gambler spends playing games like dice. I've already tried an another one called Parlay too, but it was much worse than Martingale. I think when it comes to strategy gamblers don't have much to do besides playing Martingale variances.The truth is that the goal of these strategies isn't to give the gamblers a guaranteed profit after a session of gambling, but to let them play for the longest time as possible without going bankrupt.
I don't understand what can be discussed here again, Martingale does not work (like any strategy in a casino). This strategy is good only for creating some kind of illusion (given the fact that you start the game with micro stakes, you will be in profit, albeit small, but for quite a long time) that you can beat the casino.
Which is an impossible thing to happen thinking off about beating of a casino because it wont really happen and to think off that gambling business wont really exist in the first place if there are really working strategies.People doesnt really get tired into searching into strategies which they thought that it could really happen but its not and for those who do push through then
they do make out realizations when they are already facing the reality of losing too much money on pushing into something to work which it doesnt happen if you arent lucky enough.
I don't understand what can be discussed here again, Martingale does not work (like any strategy in a casino). This strategy is good only for creating some kind of illusion (given the fact that you start the game with micro stakes, you will be in profit, albeit small, but for quite a long time) that you can beat the casino.
Using martingale is the best way on busting up your balance but there are still lots of people been using this common strategy specially on dice where doubling your bet or stake when in loss.
I don't think martingale is that bad but it is just not meant for big wins. Whenever I deposit and play I can easily win 5% of my bankroll via martingale and I know it can fail at times, but if you are aiming to double your money through martingale it will almost never work.Honestly this is really making the situation even more worst because you cant know on how long the losing streak would be and it will also depend on how big your bankroll is or capital.
No matter how big your bankroll is but the house has even bigger bankroll and remember the smaller fishes is eaten alive by the bigger fish and it get's bigger.If it could able to handle a long losing streak or not but if not then you would be having a hard time on making recovery so i dont see for it to be worth.
Recovery through martingale can clean your bankroll entirely so yeah I wouldn't advise chasing your wins by using martingale strategy if at all chase your loss in the first place. Sometimes martingale works for odd numbers,having the right bank roll and choosing the right games. Because if we all claimed it was that bad people would have stopped talking about it way back ,but instead everyday we see a new betting strategy, somewhere in there some one will mention martingale, besides there is the right way and wrong way of using this strategy.
No matter which game you chose and whether it is martingale on odd/even numbers or under/over a particular number. As long as the house has an edge you are going to lose in the long run. Actually, even if we keep aside the house edge I think one would still lose with such strategy because the casino house will have the bigger wallet and will easily beat us unless we get extremely lucky and don't get a bad streak making a million rolls.Strategies people make whether it is martingale or any other are just different ways of wagering money and when you wager money against a house edge you will always have the upper hand. If any single strategy was working, all the casinos would have been cleaned up until now and more importantly, maths wouldn't be a subject anymore.
Sometimes martingale works for odd numbers,having the right bank roll and choosing the right games. Because if we all claimed it was that bad people would have stopped talking about it way back ,but instead everyday we see a new betting strategy, somewhere in there some one will mention martingale, besides there is the right way and wrong way of using this strategy.
That is why I've stopped talking about it when someone asks for strategies to such games where it is applicable. Because in my own experience, it didn't worked for me.But there are other gamblers and they are quite few these days that are still using this strategy because it's working for them. Working for a very few and some but it doesn't for many including me.
Sometimes martingale works for odd numbers,having the right bank roll and choosing the right games. Because if we all claimed it was that bad people would have stopped talking about it way back ,but instead everyday we see a new betting strategy, somewhere in there some one will mention martingale, besides there is the right way and wrong way of using this strategy.
Many gamblers think martingale strategy is the fastest way to recover the losses by doubling your stake but its not really the case.
Doubling your stake can also means of more losses if you're not lucky enough to win. Its a risky strategy with no assurance, thus its not advisable if you lose and looking for effective strategy. Unless if you're prepared for possible further losses and has a money to use for this strategy.
The real trouble with doubling your bet each time is that your losses are growing exponentially and a starting bet of 1 satoshi, having 10 losses in a row can bring you down by 1000 satoshi and imagine the number if you start with 1k satoshi itself.Doubling your stake can also means of more losses if you're not lucky enough to win. Its a risky strategy with no assurance, thus its not advisable if you lose and looking for effective strategy. Unless if you're prepared for possible further losses and has a money to use for this strategy.
So your wins are small as you reset every time on win, basically, you are going to win 1 satoshi each time at best and if you lose, you are going to lose big because each time you lose, you are doubling your money.
I have applied martingale multiple times and multiple variant of it by betting on 90% and increasing the bet by 10x or betting at 66.66% and tripling my bet but honestly nothing works because again wins are small but losses grow exponentially.
Martingale Strat is bad for me because I only have small capital so it could only loss for a couple of rounds.
I also think that it is just a strat that would surely burn your money in the long run.
I don't know but I think it is only for those who really have a huge capital but still really risky at all because we don't know how many consecutive loss you would get.
I mean it does feel that it is rigged sometimes because of the consecutive loss that you would get while playing with almost 50/50 chance right.
I also think that it is just a strat that would surely burn your money in the long run.
I don't know but I think it is only for those who really have a huge capital but still really risky at all because we don't know how many consecutive loss you would get.
I mean it does feel that it is rigged sometimes because of the consecutive loss that you would get while playing with almost 50/50 chance right.
When you do have small capital in gambling then i dont see for using martingale would be recommendable because as said that with few losses then you entire balance would suffer.
Better to play with manual and enjoy those small capital you do have rather than go with automation which it would only be busting up with few bets.
Martingale strategy isnt really bad to use on but the issue here is on the gambler itself on how well he would able to handle himself on allocating his finances.
Its up to someone if he would really be enjoying it or rather chase up for profits.
Martingale Strat is bad for me because I only have small capital so it could only loss for a couple of rounds.
I also think that it is just a strat that would surely burn your money in the long run.
I don't know but I think it is only for those who really have a huge capital but still really risky at all because we don't know how many consecutive loss you would get.
I mean it does feel that it is rigged sometimes because of the consecutive loss that you would get while playing with almost 50/50 chance right.
I also think that it is just a strat that would surely burn your money in the long run.
I don't know but I think it is only for those who really have a huge capital but still really risky at all because we don't know how many consecutive loss you would get.
I mean it does feel that it is rigged sometimes because of the consecutive loss that you would get while playing with almost 50/50 chance right.
This is betting 101. It is not only people recommending martigale out there, it is also that they tend to mix it with other betting systems that are probably as useless - to put it softly - as this one. Doubling the bet does not work in math, does not work in practice and anyone who still holds a doubt about it should play some simulations with monopoly money. As said in the post, not even without betting limits is there any merit on it.
The issue is that is seems kind of intuitive to double the betting and that is why someone might be convinced.
The issue is that is seems kind of intuitive to double the betting and that is why someone might be convinced.
Let them be smarter than you. It's their problem if they are using martingale or not.
Mathematically speaking...yea...probably you won't have a streak of 15-17 bets..but for being able to use martingale long enough your first bets in the line should be very small...
On the other hand in sports betting is useless...bookmakers are not allowing you to place stakes big enough when you are at a stage of 8-10 bet lost...you will reach the max limits or they will limit you first for forcing those bets.
In poker, slots ...blackjack...I have no idea, but in sports betting is not a sustainable staking strategy.
This is betting 101. It is not only people recommending martigale out there, it is also that they tend to mix it with other betting systems that are probably as useless - to put it softly - as this one. Doubling the bet does not work in math, does not work in practice and anyone who still holds a doubt about it should play some simulations with monopoly money. As said in the post, not even without betting limits is there any merit on it.
The issue is that is seems kind of intuitive to double the betting and that is why someone might be convinced.
The issue is that is seems kind of intuitive to double the betting and that is why someone might be convinced.
Using martingale is the best way on busting up your balance but there are still lots of people been using this common strategy specially on dice where doubling your bet or stake when in loss.
Honestly this is really making the situation even more worst because you cant know on how long the losing streak would be and it will also depend on how big your bankroll is or capital.
If it could able to handle a long losing streak or not but if not then you would be having a hard time on making recovery so i dont see for it to be worth.
Honestly this is really making the situation even more worst because you cant know on how long the losing streak would be and it will also depend on how big your bankroll is or capital.
If it could able to handle a long losing streak or not but if not then you would be having a hard time on making recovery so i dont see for it to be worth.
...//...:
I must say it is the worst approach or analysis of Martigale's strategy. Horrible!
It is that you do not have the most absolute idea of the context that you should have had and you mix realities with lies and you manage to finish confusing several that add to your wrong point of view.
...//...,,
The expectation is that you'll never lose with this method, which I'll debunk mathematically.
...//...:
The expectation is that you'll never lose with this method, which I'll debunk mathematically.
...//...:
You can have opinions, but there are unobjectionable truths, it is what the mathematics is for, in fact there is a mathematical foundation behind this strategy, very simple but you should read it.
The first thing you can find there is that you need a bankroll adequate to the size of the bet you make and recommends a finite bankroll to never lose, but as such thing does not exist, it requires that you analyze the variables involved well.
For example, the type of game to which the technique is going to be applied and of course the minimum payment of 2x.
Is important know what in the long term does not serve less than that, I have seen people here applying Martingale to sports betting without looking at the odds, it may be that this applying a personal technique but never Martingale.
On the other hand, you cannot use $ 1 bets if you have a bankroll of $ 100 in any game and neither will any strategy work for you, at least of course you want to have fun, spend some leisure time, etc. It does not work, if he wins, it is a matter of the recreational player who is only interested in having fun.
The non-recreational player who wants to put luck aside, has a correct bankroll management and takes risk according to his experience.
Inform yourself, study your game, analyze your losses, there are many players who come every day to play and never sit down to analyze what type of bets they use, how long they play, how many spins they make daily and a great infinity of statistics that usually with some time one learns to handle them systematically.
The good player does not end his game because he is on a bad streak or retires on a positive streak for fear of losing what he has won, but because it is time.
Become an intelligent player, being a winner requires effort, you have to study, analyze and understand the game and after that comes the skills or do something different, not just leave it to a strategy and if the strategy does not work then we mistakenly blame the strategy.
Please!! Tomorrow is a new good day to play; repeat it everyday.
Save your bankroll, we are in the crypto world and you have up to 8 decimal places to place a bet.
A rookie mistake is thinking that the Martingale strategy is meant to help you win more games, which it really isn't. It's just there to offer you higher recovery chances by always doubling down on your losses next turn. This of course is a user-case basis and if you think you wouldn't be able to afford committing to the Martingale strategy, then you probably really can't. That's just it.
I agree. Many gamblers think martingale strategy is the fastest way to recover the losses by doubling your stake but its not really the case.Doubling your stake can also means of more losses if you're not lucky enough to win. Its a risky strategy with no assurance, thus its not advisable if you lose and looking for effective strategy. Unless if you're prepared for possible further losses and has a money to use for this strategy.
does really exist which isnt really a wrong mindset to have because this will just spark out your greediness which would really result into loss of money since you would really be pushing
off your luck on winning a particular game and talking about martingale then several losing streaks will surely fucked up your entire balance in a blink of an eye.
Therefore its better not to take it seriously nor believe that there's a working strategy in gambling.
A rookie mistake is thinking that the Martingale strategy is meant to help you win more games, which it really isn't. It's just there to offer you higher recovery chances by always doubling down on your losses next turn. This of course is a user-case basis and if you think you wouldn't be able to afford committing to the Martingale strategy, then you probably really can't. That's just it.
I agree. Many gamblers think martingale strategy is the fastest way to recover the losses by doubling your stake but its not really the case.Doubling your stake can also means of more losses if you're not lucky enough to win. Its a risky strategy with no assurance, thus its not advisable if you lose and looking for effective strategy. Unless if you're prepared for possible further losses and has a money to use for this strategy.
Well, I will just repeat what I always say... it's not martingale that fucks you up, it's greediness!
A little example... you can open any crypto site that has a 0.00000001 min bet! That 0.00000001 can be in TRX for example, or you can take any cheap alt that is accepted in your favorite casino! But let's focus on TRX in this example! So $10 = 72 TRX (in the moment of writing)! With a 0.00000001 TRX base bet you can try a lot of strategies, and most of them will probably work, but the profit after all day rolling will be minimal probably (if you wish to be safe all the time)! If you start from this base bet, and you double every next bet, your 31st bet will be 21.47 TRX! So at x2, even the 31st bet (after 30 lost rolls) will bring you minimal profit!
After all, it's about patience I think! You can play "safe" strategies with some bankroll, but profit will be minimal! With patience and a lot of control, I believe it's possible to build a nice bankroll! But at the moment when greediness takes its moment, and we rise base bet because the profit we make is too small, it's the moment when we leave safe play and enter the high risking gambling! And in that moment's anything can happen! We can win big, but we need to be aware that we can lose big too!
A little example... you can open any crypto site that has a 0.00000001 min bet! That 0.00000001 can be in TRX for example, or you can take any cheap alt that is accepted in your favorite casino! But let's focus on TRX in this example! So $10 = 72 TRX (in the moment of writing)! With a 0.00000001 TRX base bet you can try a lot of strategies, and most of them will probably work, but the profit after all day rolling will be minimal probably (if you wish to be safe all the time)! If you start from this base bet, and you double every next bet, your 31st bet will be 21.47 TRX! So at x2, even the 31st bet (after 30 lost rolls) will bring you minimal profit!
After all, it's about patience I think! You can play "safe" strategies with some bankroll, but profit will be minimal! With patience and a lot of control, I believe it's possible to build a nice bankroll! But at the moment when greediness takes its moment, and we rise base bet because the profit we make is too small, it's the moment when we leave safe play and enter the high risking gambling! And in that moment's anything can happen! We can win big, but we need to be aware that we can lose big too!
Satisfaction and moving away from greediness will allow you to win some using this strategy, base from your perspectives using low value coin to set your strategy, the possibilities is always there for you. But once greed overtake your mindset there the problem will start, having a lots of losing streak will place you in the middle of frear and agressions.
Either you go all in or you'll change your system, if luck permits you the you are good to go but if ain't there to rescue you, then expect
losing your bankroll.
Well, I will just repeat what I always say... it's not martingale that fucks you up, it's greediness!
A little example... you can open any crypto site that has a 0.00000001 min bet! That 0.00000001 can be in TRX for example, or you can take any cheap alt that is accepted in your favorite casino! But let's focus on TRX in this example! So $10 = 72 TRX (in the moment of writing)! With a 0.00000001 TRX base bet you can try a lot of strategies, and most of them will probably work, but the profit after all day rolling will be minimal probably (if you wish to be safe all the time)! If you start from this base bet, and you double every next bet, your 31st bet will be 21.47 TRX! So at x2, even the 31st bet (after 30 lost rolls) will bring you minimal profit!
After all, it's about patience I think! You can play "safe" strategies with some bankroll, but profit will be minimal! With patience and a lot of control, I believe it's possible to build a nice bankroll! But at the moment when greediness takes its moment, and we rise base bet because the profit we make is too small, it's the moment when we leave safe play and enter the high risking gambling! And in that moment's anything can happen! We can win big, but we need to be aware that we can lose big too!
A little example... you can open any crypto site that has a 0.00000001 min bet! That 0.00000001 can be in TRX for example, or you can take any cheap alt that is accepted in your favorite casino! But let's focus on TRX in this example! So $10 = 72 TRX (in the moment of writing)! With a 0.00000001 TRX base bet you can try a lot of strategies, and most of them will probably work, but the profit after all day rolling will be minimal probably (if you wish to be safe all the time)! If you start from this base bet, and you double every next bet, your 31st bet will be 21.47 TRX! So at x2, even the 31st bet (after 30 lost rolls) will bring you minimal profit!
After all, it's about patience I think! You can play "safe" strategies with some bankroll, but profit will be minimal! With patience and a lot of control, I believe it's possible to build a nice bankroll! But at the moment when greediness takes its moment, and we rise base bet because the profit we make is too small, it's the moment when we leave safe play and enter the high risking gambling! And in that moment's anything can happen! We can win big, but we need to be aware that we can lose big too!
After my experience, the martingale money management strategy is one of the most dangerous ways of staking. It assumes that after at least 10-11 bets (depending on your bankroll) you will have a winner bet.
I've been value betting for years and I can say that even with the best smart betting strategy you can have a streak of even 13-14 lost bets. Don't ask me how is it possible
but I experienced that.
A more soft way of using martingale probably can help you in decreasing the loss by doubling only every second bet when you lose...but even that can be dangerous.
For those who are searching for a more viable staking strategy, I would suggest a not-so-greedy way of making money. Even using flat stakes can have a less bad effect than martingale.
After my experience, one of the best money management strategies is variable staking (every time the same amount of percentage of your balance). If you are interested have a look at the following simulations I made with different betting strategies focusing on value betting
You might also find useful the following articles about:
Crypto bookmakers and the best crypto bookmakers
I've been value betting for years and I can say that even with the best smart betting strategy you can have a streak of even 13-14 lost bets. Don't ask me how is it possible
but I experienced that. A more soft way of using martingale probably can help you in decreasing the loss by doubling only every second bet when you lose...but even that can be dangerous.
For those who are searching for a more viable staking strategy, I would suggest a not-so-greedy way of making money. Even using flat stakes can have a less bad effect than martingale.
After my experience, one of the best money management strategies is variable staking (every time the same amount of percentage of your balance). If you are interested have a look at the following simulations I made with different betting strategies focusing on value betting
You might also find useful the following articles about:
Crypto bookmakers and the best crypto bookmakers
Jump to: