Topic: Why the martingale system sucks! (doubling down on losses) - page 15. (Read 3303 times)

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.

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

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

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.

What is gambling when a strategy is implored to play? It becomes an ordinary uninteresting game and it loses all the entertainment that comes with it.

This is one of the reasons why I never and will try Martingale or any other strategy in gambling.

Martingale technique sucks, it won't make you win in long term theoretically it may seem you have the upper hand, but if you see the proof and count in detail you won't see any chance of winning in long term, you can only win with martingale, if you got unlimited capital and no house edge, but that would be impossible

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.

So meaning using martingale system is depends on the player luck got win or loses consistently. But I still believe skill including luck with instinct  is the way to got success that's way is best technique.

None of these "techniques" is for trying to win the game so in the end they all just differ on how long you remain in the game. If you're particularly unlucky, you'd burn through your money fast using the Martingale.

Basically it's a choice of whether you want to quickly test how lucky you can get or whether you want to only gain small wins and reduce loss.

Don't forget that the house has a "max profit" policy which means we can not bet with the amount higher than the max profit being set. So, even with the right amount of money, it won't always make our martingale run as expected. Frankly, martingale is a very risky method to use since we have to chase our small lose with the higher amount until we hit the green one.

As long as they are betting theor money in gambling, they will lose it. Martingale is a great strategy to be honest as long as you have the right amount of money to double your losses to get back all of them. But always remember that if you win one time, losses can always happen the more than once.

I keep hearing about this on gambling forums over and over so it's time to put an end to this once and for all (at least on Bitcointalk, I'm aware this system has existed for centuries and is not going away any time soon unfortunately)

There are even many people selling bots here that use the martingale system on several sites.

The martingale system entails doubling down your stake upon every loss. So, if your initial stake was, say, $1, then you'd bet $2 if you lost a game, and $4 if you lost another one, and so on until you go broke.

The expectation is that you'll never lose with this method, which I'll debunk mathematically.

The saying "The house always wins" exists because there is always the 'house edge', we'll be generous and assume the house edge is a small 1% (when it usually is 2% or higher).

This means that the probability of you losing a game is 51%. Let's assume your bankroll is $100, and your initial stake is 1% of that, or $1.

After six consecutive losses, you would have lost $63 dollars using the martingale method, and will have a remaining balance of $37, after which you would be unable to double down any further.

Many would say that the probability of losing six in a row is very low. That is indeed correct, however, this is exponentially more likely with more games played.

So, assuming a loss rate of 51%, your chances of losing six in a row are: 1 in [ 1/(0.51^6) ] games, or 1 in 57 games.

So, based on this math, after you have played 56 games, statistically speaking, you have a less than 1% chance that you will not have gone nearly bankrupt.

And this is using calculations which don't even assume a minimum or maximum betting limit. Every single game I know has had a maximum stake limit. You may or may not hit that maximum stake limit before you hit the six losses in a row, in which case, you would have a permanent negative ROI a lot faster than calculated above.


There are also many conspiracy theories that games implement various anti-martingale methods, like deliberately giving people long losing streaks at certain intervals. However, I believe this is largely a hoax. The martingale system is, for the most part, self defeating, and casinos would actually love someone who plays like that, because it means the casino is basically guaranteed a win.

Also, if they did implement anti martingale techniques, then one could simply play with an algorithm that defeats such a pattern. For example, you could play the anti martingale technique which entails doubling down when you win, and halving your stake when you lose. It would be every mathematician's dream come true if casinos did make their games follow a fixed/rigged anti-martingale losses pattern like that. Instead, games scatter wins and losses at a random pattern, combining that with the house edge is effectively a guarantee that the casinos will make money. If you truly want to win in gambling, you have to learn creative ways to defeat the house edge. The martingale method does not reduce the house edge, it merely satisfies you psychologically by changing how you perceive your losses.

Majorly this is the reason and due to which it actually does not work for most of the people as every one has a limited money or can take only limited risk to put some money in the gambling. And in that phase you do not make money you end up losing money .

You explained this much better then i could. I have been trying to explain this to my friend and i got the answer: "You just need more money".

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.