Topic: Why the martingale system sucks! (doubling down on losses) - page 14. (Read 3303 times)

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.

Darker45

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Activity: 2576

Merit: 1860

Quote from: darewaller on July 26, 2019, 11:28:58 AM

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.

redsun114

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Merit: 585

Leading Crypto Sports Betting & Casino Platform

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.

In my opinion, the problem is not with gambling or its strategies that fail to work but with the players, from your story, how can someone borrow money just to play games. Irrespective of the assurance, the number one rule of gambling which I learnt since the first day I began playing is never gamble what you cannot afford to lose and what this meant to me was SPARE money. Borrowing money for me, is going to the extreme because I feel it’s not worth it, so we can’t blame this on the system.

Like you have said, whoever that made the martingale system understands it better, I have read testimonies of those it worked for and to those whom it disappointed, maybe contentment is all they need to learn to succeed in gambling.

Best Dreams

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Quote from: FanEagle on July 26, 2019, 08:48:31 AM

Quote from: FIFA worldcup on July 26, 2019, 12:28:20 PM

It seems to me that even today, many people using the browser are looking for opportunities to win gambling. But why look so far and risk your own money if we already have everything on bitcointalk. Best of all, this particular forum provides a sufficiently large amount of information for a gambler.

I think the problem is, not everyone that comes on this forum are here to learn. I think some people just come to play around if there’s anything like that because, I have seen it on so many occasions where gamblers have been advised against the use of some strategies, also there are times gamblers are been warned of visiting some sites and its always surprising to see that some gamblers will still fall into this trap and come back to complain.

Truth be told, Bitcoin forum has really helped a lot of gamblers like me in differentiating between wrong and right. Also, it was one of the topics I read here sometimes ago I got to learn that martingale strategy isn’t for small gamblers and since then I never used it.

Double down your winning is good while you invest and there are some chances of lose you can double your investment but some people says it has allot of risk because if there are chances to win at the same time there are few chances for the game to change at once so it can cause lose but if the gambler has faith and confidence in his skills he can overcome your lose.

Spaffin

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Activity: 1316

Merit: 108

Quote from: syamster on July 23, 2019, 12:38:06 PM

Quote from: swogerino on July 20, 2019, 04:13:08 PM

I think that everyone of us have had that moment when he opened up a web browser and searched for how to win in gambling.I am sure that the first results were some sites with the Martingale strategy and I think any of us have started to try this at least once.The results I think have been the same for all of us,it doesn't work

Indeed, because the martingale system is not intended for gambling, I believe the system on the gambling platform has provided anti-martiangle, so anyone who uses this system will lose even if he uses martiangle up to level 10. If you play gambling, it is better to use a parlay system, where we bet from previous advantage. Martiangle only works for trade.

For me as according to the rules of martingale I guess it is applicable as this way the person who is loosing can double the investment and the first loss can help to be recovered but the only thing people use to say that it is not for gambling is because no one knows as the chances to hit the loss or profit is 50/50.

It seems to me that even today, many people using the browser are looking for opportunities to win gambling. But why look so far and risk your own money if we already have everything on bitcointalk. Best of all, this particular forum provides a sufficiently large amount of information for a gambler.

People do come in gambling to win, to apply different strategy like martingale etc but they end up losing. Whether you invest more money to chase your loss or you reinvest your profits in gambling, You lose in gambling in both ways. The only winner in gambling is who is not greedy and also who has the power to bear the small loses and not chase them which might turn into big loses.

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.

FIFA worldcup

full member

Activity: 1134

Merit: 105

Quote from: syamster on July 23, 2019, 12:38:06 PM

Quote from: swogerino on July 20, 2019, 04:13:08 PM

I think that everyone of us have had that moment when he opened up a web browser and searched for how to win in gambling.I am sure that the first results were some sites with the Martingale strategy and I think any of us have started to try this at least once.The results I think have been the same for all of us,it doesn't work

Indeed, because the martingale system is not intended for gambling, I believe the system on the gambling platform has provided anti-martiangle, so anyone who uses this system will lose even if he uses martiangle up to level 10. If you play gambling, it is better to use a parlay system, where we bet from previous advantage. Martiangle only works for trade.

For me as according to the rules of martingale I guess it is applicable as this way the person who is loosing can double the investment and the first loss can help to be recovered but the only thing people use to say that it is not for gambling is because no one knows as the chances to hit the loss or profit is 50/50.

It seems to me that even today, many people using the browser are looking for opportunities to win gambling. But why look so far and risk your own money if we already have everything on bitcointalk. Best of all, this particular forum provides a sufficiently large amount of information for a gambler.

People do come in gambling to win, to apply different strategy like martingale etc but they end up losing. Whether you invest more money to chase your loss or you reinvest your profits in gambling, You lose in gambling in both ways. The only winner in gambling is who is not greedy and also who has the power to bear the small loses and not chase them which might turn into big loses.

darewaller

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Activity: 2926

Merit: 640

Quote from: Zicadis on July 23, 2019, 12:53:12 PM

Quote from: ?? on ??

Martingale is not a win strategy, people should search another strategy, a lot of friend tried martingale strategy and didn't bring nothing good and make them lose a lot, i preffer bet as it is and choose odds close to 2 or over.

People shouldn't search for any strategy obviously, they don't work in the long run.

You are clearly a complete moron who thinks that some magic strategy can somehow defy the law of odds.

If you want a winning strategy, take your profits and leave, that's the only way.

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.

mich

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Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

This is a famous gambling strategy but you can do a google search for the actual truth about this system
'Doubling down' is not a good mentality to have with gambling regardless if its a game of chance or if its a sports bet
I will be honest that when I play on some casino sites I also find myself 'doubling down' but once I convince myself its a losing venture I am able to control my desire to continue.
People only need to gamble for entertainment not for a means of salary

https://wizardofodds.com/gambling/betting-systems/
'The Martingale'

FanEagle

legendary

Activity: 2884

Merit: 1117

It seems to me that even today, many people using the browser are looking for opportunities to win gambling. But why look so far and risk your own money if we already have everything on bitcointalk. Best of all, this particular forum provides a sufficiently large amount of information for a gambler.

I think the problem is, not everyone that comes on this forum are here to learn. I think some people just come to play around if there’s anything like that because, I have seen it on so many occasions where gamblers have been advised against the use of some strategies, also there are times gamblers are been warned of visiting some sites and its always surprising to see that some gamblers will still fall into this trap and come back to complain.

Truth be told, Bitcoin forum has really helped a lot of gamblers like me in differentiating between wrong and right. Also, it was one of the topics I read here sometimes ago I got to learn that martingale strategy isn’t for small gamblers and since then I never used it.

Shinpako09

legendary

Activity: 2058

Merit: 1015

So far, it's one of the most famous strategy and being used by most of newbies and script user and also the worst strategy. Well, most of strategies sucks at long run. I also used martingale in the start of my gambling time and had only good run for a short period of time. After consecutive losses with martingale, I stop using it until now for how many years.

iMark

sr. member

Activity: 1162

Merit: 251

There is only one strategy which works %100 of the time (provided that the casinos you play on are trusted);

Sure betting. (or arbitrage betting)

Similar to what you do between exchanges with your coins, you do it between casinos.

Quote from: https://en.wikipedia.org/wiki/Arbitrage_betting

When conditions allow, by placing one bet per each outcome with different betting companies, the bettor can make a profit regardless of the outcome.

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.

Indeed, especially if you use this strategy in a long time, losing 7 times in a row is something that is definitely to happen at gambling, martingale will eat all your capital after that and you will end up with bankruptcy. if you want to use this strategy, make sure that you are prepared for losses and could leave at the right time (when you get profit already)

Zicadis

legendary

Activity: 1372

Merit: 1027

Dump it!!!

Quote from: FanEagle on July 22, 2019, 01:44:39 AM

There is only one strategy which works %100 of the time (provided that the casinos you play on are trusted);

Sure betting. (or arbitrage betting)

Similar to what you do between exchanges with your coins, you do it between casinos.

Quote from: https://en.wikipedia.org/wiki/Arbitrage_betting

When conditions allow, by placing one bet per each outcome with different betting companies, the bettor can make a profit regardless of the outcome.

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.

Unfortunately arbitrage betting only works with sportsbooks and other event-based bets, you can't perform arbitrage bets at something like a dice site or casino.

That being said, even arbitrage betting can get you screwed sometimes, such as when one side of the bet cancels all betting due to a mistake, leaving you stuck with a potentially losing bet on the other sportsbook.

daarul50

legendary

Activity: 1596

Merit: 1034

Almost every gambling uses this martingale system. Everyone thinks that doubling the bets of a losing experience can make lost bets return. But, sometimes it doesn't work as we thought.

I also hope that there will be a new system that can replace this system which is truly a solution when we get defeat.

mindrust

legendary

Activity: 3276

Merit: 2442

There is only one strategy which works %100 of the time (provided that the casinos you play on are trusted);

Sure betting. (or arbitrage betting)

Similar to what you do between exchanges with your coins, you do it between casinos.

Quote from: https://en.wikipedia.org/wiki/Arbitrage_betting

When conditions allow, by placing one bet per each outcome with different betting companies, the bettor can make a profit regardless of the outcome.

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.

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: davis196 on July 20, 2019, 06:21:23 AM

Despite your post,hundreds of greedy gamblers use the martingale tactic every day.You can't just force them to stop using it.We all know that martingale sucks,but the greed and gambling addiction blinds the poor people,who keep using it until they get broke.The people,who are stupid enough to believe in this martingale bullshit,usually deserve to lose their money. Sad

I am sorry to say but you really do not sound so intelligent with this post. What do you mean by gambler using strategies has been greedy? Is this your definition of greed? Are you aware that gambling is someone’s profession and this is where most bills are been paid? So trying all available strategies to win is inevitable in this game and this is the reason a lot of us have given this and many other strategies a trial

It hurts that martingale is not really for small gamblers and it has been overhyped. The first time I read about its effectiveness, I was lured to play with a large amount, although I still lost it all because it’s not the kind of amount required for such strategy.

Is gambling really designed to be someone’s profession? Will those gamblers who take it for profession still not survive if there was no gambling and lastly how can a game of uncertainty pass as profession? Please do well to give answers to my question okay.

I am not in support of any player using strategies to play, even gamblers that play for entertainment, are not doing any good to the game using strategies. Personally I would say that anyone that uses strategies in gambling is greedy. It’s just like not following the right procedures, if strategies were to be part of the game, then the operators of each game would one as a guide. As long as there is nothing like this, then I would say that it’s illegal to play using strategies and it’s against gambling policy.

Spaffin

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Quote from: syamster on July 23, 2019, 12:38:06 PM

Quote from: swogerino on July 20, 2019, 04:13:08 PM

I think that everyone of us have had that moment when he opened up a web browser and searched for how to win in gambling.I am sure that the first results were some sites with the Martingale strategy and I think any of us have started to try this at least once.The results I think have been the same for all of us,it doesn't work

Indeed, because the martingale system is not intended for gambling, I believe the system on the gambling platform has provided anti-martiangle, so anyone who uses this system will lose even if he uses martiangle up to level 10. If you play gambling, it is better to use a parlay system, where we bet from previous advantage. Martiangle only works for trade.

For me as according to the rules of martingale I guess it is applicable as this way the person who is loosing can double the investment and the first loss can help to be recovered but the only thing people use to say that it is not for gambling is because no one knows as the chances to hit the loss or profit is 50/50.

It seems to me that even today, many people using the browser are looking for opportunities to win gambling. But why look so far and risk your own money if we already have everything on bitcointalk. Best of all, this particular forum provides a sufficiently large amount of information for a gambler.

Zicadis

legendary

Activity: 1372

Merit: 1027

Dump it!!!

Quote from: ?? on ??

Martingale is not a win strategy, people should search another strategy, a lot of friend tried martingale strategy and didn't bring nothing good and make them lose a lot, i preffer bet as it is and choose odds close to 2 or over.

People shouldn't search for any strategy obviously, they don't work in the long run.

You are clearly a complete moron who thinks that some magic strategy can somehow defy the law of odds.

If you want a winning strategy, take your profits and leave, that's the only way.

syamster

hero member

Activity: 1078

Merit: 501

Quote from: swogerino on July 20, 2019, 04:13:08 PM

I think that everyone of us have had that moment when he opened up a web browser and searched for how to win in gambling.I am sure that the first results were some sites with the Martingale strategy and I think any of us have started to try this at least once.The results I think have been the same for all of us,it doesn't work

Indeed, because the martingale system is not intended for gambling, I believe the system on the gambling platform has provided anti-martiangle, so anyone who uses this system will lose even if he uses martiangle up to level 10. If you play gambling, it is better to use a parlay system, where we bet from previous advantage. Martiangle only works for trade.

For me as according to the rules of martingale I guess it is applicable as this way the person who is loosing can double the investment and the first loss can help to be recovered but the only thing people use to say that it is not for gambling is because no one knows as the chances to hit the loss or profit is 50/50.

mirakal

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Quote from: Haunebu on July 23, 2019, 06:54:02 AM