Why the martingale system sucks! (doubling down on losses) - page 13.

Kong Hey Pakboy

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Quote from: plr on May 10, 2021, 09:48:39 PM

Quote from: Kong Hey Pakboy on May 06, 2021, 12:37:06 AM

Martingale sucks if your odds in the game that you are playing is really low no matter where you put your bet on but if it has a mixed one then it doesn't really suck that bad. I think that it is a shitty strategy but I think that I can't speak for everyone since it works for other people.

It works for others who can keep up doubling their bet up to twenty bets, but if you have a big bankroll you will be tempted to triple your bets, martingale is an unpredictable strategy, if you are going to try it be sure you have a big bankroll and you stick your strategy, you'll get bored but one mistake can wipe out everything.

Yeah, I forgot that you also should have a big bankroll which defeats the purpose of gambling for fun because you are putting a lot of funds. Martingale makes you gamble because you need to make money and not to have fun.

Mauser

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Quote from: Lorence.xD on May 11, 2021, 03:23:10 AM

Quote from: Twentyonepaylots on May 10, 2021, 08:45:27 PM

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.

Not a lot of people knows that they think that it is a way to win against the house. For me, you can only do this effectively if you have the money to go on for long because you are going to incur a lot of losses in this strategy but the payout will be good if you hit the win because you will be able to take some wins and get a break even.

The martingale system is here to help us control our bets. If we follow the fixed set of rules our strategy will make us win in the long run. We know that to recover all our previous losses all we need is to win one time. Also the chances to lose our money is much smaller. When doing a coin flip we face 50/50 chances, but if we keep doing it for 10 games in a row the chances are much smaller. The big problem for many with the strategy is that they don't have enough bankroll to start with and use to large initial bets.

Lorence.xD

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Quote from: Twentyonepaylots on May 10, 2021, 08:45:27 PM

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.

Not a lot of people knows that they think that it is a way to win against the house. For me, you can only do this effectively if you have the money to go on for long because you are going to incur a lot of losses in this strategy but the payout will be good if you hit the win because you will be able to take some wins and get a break even.

plr

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Quote from: Kong Hey Pakboy on May 06, 2021, 12:37:06 AM

Martingale sucks if your odds in the game that you are playing is really low no matter where you put your bet on but if it has a mixed one then it doesn't really suck that bad. I think that it is a shitty strategy but I think that I can't speak for everyone since it works for other people.

It works for others who can keep up doubling their bet up to twenty bets, but if you have a big bankroll you will be tempted to triple your bets, martingale is an unpredictable strategy, if you are going to try it be sure you have a big bankroll and you stick your strategy, you'll get bored but one mistake can wipe out everything.

Twentyonepaylots

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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.

Kong Hey Pakboy

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Martingale sucks if your odds in the game that you are playing is really low no matter where you put your bet on but if it has a mixed one then it doesn't really suck that bad. I think that it is a shitty strategy but I think that I can't speak for everyone since it works for other people.

dany1980

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Hi,

i wrote a js multiprocess calculator for martingale, where you can test your strategies.
It's not yet documente well, but you can try with.. and finally understand that you need to risk a big capital to win.

strategy=1, (0 1 or 2)
min_losses=1 (if you put 4, it will wait 4 losses in a raw before to play martingale),
tot rolls at 1 million,
then set odds/increase as you like (there is another calculator on the website to find the minimum incr to martingale on different odds)
cunk size put at max 20000, it's the size of the chunk executed by a single process...

https://www.bitso.me/hi-lo-calc.php

hope you enjoy

bitgolden

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Quote from: Spaffin on July 26, 2019, 02:50:43 PM

I think that the only winner in gambling is the owner and investor. Grin

But I really agree with you that you can not go on about their dependence on gambling. If you managed to get a win, you do not need to abuse your success.

It might sound funny but it’s very true, this is what I think because I can’t imagine a situation where a game defies all strategies, if strategies don’t work, then what does because this is a big question that needs urgent answers. Winning is has now become even more difficult, this is no longer a matter of abusing the win, maybe it’s only happening to me alone but this game has really been frustrating.

For now, I think the best we can do is to accept gambling as a game of entertainment, then focus on having fun rather than hoping on making profit that never works. Maybe gambling was indeed never meant for profit making, if it were I believe the odds will be fair to both parties rather than on the side of the site alone.

nutildah

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When I made my own Martingale script for dice I just added 10% after each losing bet instead of 100%, which makes your bankroll last much longer, but the end result is the same: eventually the house edge will get you and slowly take everything from you. Nevertheless, winning streaks feel fun, and make you feel like you're doing something right.

I suppose the best strategy is to only place 1 bet, and that's it. If you win, great! You double your money. If you lose, well that sucks, but you have to quit right there and then, not chasing the loss. Of course its not very much fun, but it is technically the best strategy when engaging in anything with a rigid house edge.

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Quote from: stadus on July 29, 2019, 08:44:38 AM

Quote from: ?? on ??

The reason why martingale won’t work it’s because in gambling you rely mostly on luck and the longer you play the closer you’ll get to the house edge and when that happens you chances of winning is very small and no matter what strategy you use once your already close to the house edge it will not work, you’ll end up losing.

Every bet you put, you are already betting against a site with a house edge and even if the house edge is very small, that is still an edge and you have lesser chance of winning every round. The longer you play that will bring down to the possibility that you will still loss, and even if you are lucky, you will still loss int he long run as luck alone can't bring your consistency and any game as long as there is a house edge, no method would work in the long run, even martingale.

People here are talking about doubling your bet everytime you lose as that is what Martingale is all about but for this you need an almost infinite bankroll and you will only win the double of your initial bet.Risking all your money with this strategy is not worthy and it doesn't work at all.

stadus

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Quote from: ?? on ??

The reason why martingale won’t work it’s because in gambling you rely mostly on luck and the longer you play the closer you’ll get to the house edge and when that happens you chances of winning is very small and no matter what strategy you use once your already close to the house edge it will not work, you’ll end up losing.

Every bet you put, you are already betting against a site with a house edge and even if the house edge is very small, that is still an edge and you have lesser chance of winning every round. The longer you play that will bring down to the possibility that you will still loss, and even if you are lucky, you will still loss int he long run as luck alone can't bring your consistency and any game as long as there is a house edge, no method would work in the long run, even martingale.

michellee

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Quote from: Moiyah on July 29, 2019, 02:52:15 AM

A good explanation and that is why I always ended up losing whenever I use Martingale strategy. There is just 30-40% chance of winning. And the moment I doubled my bet, reds are hunting me. Why not revise the strategy and just divide your bet until you get back the loses? Anyway, I've tried so many strategies but luck is only the reason why I win. And its true that the house edge always win, we have to accept that fact.

Of course, luck is the only reason we can win and no matter we modify the strategy, when we don't have luck, then we will end in a short time. Although we double the bets in many times, it doesn't give us guarantee to win, and for this, I have the experience, but if I count, I think I don't have many times to win. But if you have luck, and you are using martingale strategy or another strategy, you can win the game with ease.

MonsterV

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Quote from: darewaller on July 26, 2019, 12:28:58 PM

Well said bro, I keep wondering why people believe there is a winning strategy in gambling. This has never crossed my mind because I understand that beating the odd is absolutely impossible. It has been made to be in favor of the site. Like you said and I completely agree, take your little profit after each win and go home. Don’t ever think of double betting or recovering loses, this way you are opening doors for more loses.

I have and will always be against martingale strategy. It has never favored anyone I know and whoever came up with this strategy obviously did it to deceive gamblers because it really sucks and has led many gamblers into debts. I know of a gambler that borrowed money from his family to gamble believing that martingale system will enable him win, he lost it all completely and went into depression at the end.

Actually it is not entirely the fault of the martingale system, it is more a mistake in each of them. Many of the gamblers chase martiangle with high emotional states, especially when the first martiangle they lose, it will spur chaos and even add to the defeat.

The martingle system still works well in my opinion, only if the gambler can wisely use this system. It's useless if many systems are used but can't manage bets after losses.

Like me, I combined the parlay and martingle system and so far it's good for me. Of course I am not risking what I cannot afford to lose and I am managing all profits and losses well.

Botnake

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Quote from: Vaskiy on July 29, 2019, 03:20:52 AM

Somehow house get its edge, and house gets a bigger edge when we go back getting back the lost amount instantly. This might succeed once or twice, for the same we should not continue risking.

Obviously and the reason why martingale won't work in the long run is because casino's have the right to limit your bet, and no gambler has an unlimited bankroll. 10 losing streak is possible, and once you are on it streak and you are starting with a decent amount, you'll feel the pain in the last loss.

Vaskiy

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Quote from: Moiyah on July 29, 2019, 02:52:15 AM

A good explanation and that is why I always ended up losing whenever I use Martingale strategy. There is just 30-40% chance of winning. And the moment I doubled my bet, reds are hunting me. Why not revise the strategy and just divide your bet until you get back the loses? Anyway, I've tried so many strategies but luck is only the reason why I win. And its true that the house edge always win, we have to accept that fact.

These strategies never assure a win. To be successful a perfect fund managing is a must. Most of the time in dice I've the limits on roll as well spending. This way of gambling keeps me limited from loss and success at times. Finally my capital won't be getting disturbed.

Somehow house get its edge, and house gets a bigger edge when we go back getting back the lost amount instantly. This might succeed once or twice, for the same we should not continue risking.

Moiyah

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A good explanation and that is why I always ended up losing whenever I use Martingale strategy. There is just 30-40% chance of winning. And the moment I doubled my bet, reds are hunting me. Why not revise the strategy and just divide your bet until you get back the loses? Anyway, I've tried so many strategies but luck is only the reason why I win. And its true that the house edge always win, we have to accept that fact.

Fredomago

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Quote from: aioc on July 28, 2019, 10:32:10 AM

very good analysis and very clear, but still many people implement this I sometimes implement this and we have one thread here that tells us that he uses this to get rich which we doubt because he did not come back to show us proof, operators know this and they want us to do this in the hope that they can really bring down the house.

Maybe some have that luck to win some from the house but to completely bankrupt the house using this system will be next to impossible as before you can push your luck in a long run striking wins you'll suffer loses along the way, losing streak will break all your momentum and build aggressiveness inside you, making you to bet higher than the usual and lose everything after.

aioc

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very good analysis and very clear, but still many people implement this I sometimes implement this and we have one thread here that tells us that he uses this to get rich which we doubt because he did not come back to show us proof, operators know this and they want us to do this in the hope that they can really bring down the house.

BitcoinTurk

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The system you are talking about is certainly not a gain method. When this system is used, there is only one winner, as we all would have guessed, the winner. Although this system makes sense in the process of winning, it actually causes many players to lose more money. Although there are some players who make money by chance using this method, we see that there are more players who lose when generalizing. It is also a case that this system was created to fill the pocket of the player, not to make a profit. Although it may seem logical to players, we are talking about a method that works entirely for the safe.

Darker45

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Quote from: mindrust on July 28, 2019, 08:19:52 AM

Quote from: Darker45 on July 28, 2019, 07:34:28 AM

Quote from: mindrust on July 23, 2019, 03:35:42 PM

Here is a calculator:
https://www.betburger.com/surebet-calculator

With martingale every game has its own chance and they are independent from the previous results. Liverpool may win 20 times before they lose a game and you'll lose all your capital by then.

1st game: 1
2nd game: 2
3rd game: 4
4th game: 8
5th game: 16
6th game: 32
7th game: 64
8th game: 128

If you lose 7 times in a row, by the time you get to the 8th game, you'll have to invest x128 of what you originally invested and if thats a %50 chance game, you are only going to profit 1 unit.

You'll need to invest 128 units at the 8th game to win only 1 unit.

This is the most retarded shit you are getting yourself into.

Going all in makes more sense.

You hit the cherry, mate!

The question now is, by the time you are realizing that, I mean after you lost the 7th consecutive game, do you still have the 128 units to bet? By the time you are somehow enlightened and finally go for the all in, does your capital still support you? If yes, that's good for you. You may start back to step 1.

It doesn't really matter whether you have have 128 units or not at this point tbh. It becomes ridiculously retarded to wager that 128 units even if you have them.

What is going to happen if you lose again? Then you'll lose another 128 units added to your previous 127 lost units.

If you win, you only get 1.

Of course, getting 1 unit is better than losing 127 units but we play to make money remember? We don't play to minimize our losses.

Oh yes! Aside from the fun, it has to be about the money. Take the money away and perhaps the fun will also evaporate.

Anyway, I think Martingale remains a strategy until today because some gamblers, or perhaps a lot, would surely choose to regain all their losses in a single bet rather than little by little. Spell impatience.

The 1 unit may seem very little and certainly not worth the 128 units bet. But considering the respite after finally taking back the 127 lost units after 7 consecutive losses, that must be a little heaven. That must definitely count. And if that fails, well, there's always a 356 bet that follows. Grin

Topic: Why the martingale system sucks! (doubling down on losses) - page 13. (Read 3297 times)