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Topic: Why the martingale system sucks! (doubling down on losses) - page 16. (Read 3303 times)

legendary
Activity: 3318
Merit: 1128
Martingale isn't a winning strategy, it is one of the way where you get the increased chance of recovery. In simple terms it increases the probability of winning and the same isn't assured. A huge bank roll is a must and the same makes it quite risky, this seems to be the true reason where gamblers face loss applying the martingale state strategy when experiencing consecutive losses.
I think the reason many gamblers assume martingale is not a winning strategy is because it never really worked for them and in my opinion, martingale strategy is not for little gamblers but big time gamblers. If you say it gives chance for recovery, then there should be a great probability for winning but this can only be for those who have enough stakes to sustain the game and I can tell you that an ordinary gambler cannot use this strategy.

I have seen cases where a gambler that is only playing for fun decides to use martingale system believing that it will enable them win their games, Hell NO. It does not work that way. This is the reason many has written off the strategy but at the same time, those professional gamblers are still cashing out daily using the strategy.
full member
Activity: 1638
Merit: 122
Deciding to stop is the key to success here.
self control can help you secure your winnings if you manage to won but if ever you manage to loose , self control can help you limit from loosing big  . both can still be considered as a key to success so your right   .

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But when people get the taste of easy money, people would not stop gambling until they lost it all.
theres no easy money on this world  . you need to work to earn and you are using your hard earned cash to play a gambling but there is no assurance that youl win  .  not all people are desperate to maxed out thier winning but some are wise to stop once they already earn some

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Even though they win and withdraw from one site, they'll eventually lose it on some other.
you are withdrawing to stop and keeping the money in your safe  , you dont stop because you will play on the other gambling site becuase that is a risky move .  withdrawing and stopping doesnt make sense at all  . why play on other casino if you can just play on the ones that your currently using .
legendary
Activity: 3094
Merit: 1069
DGbet.fun - Crypto Sportsbook
Hypothetically if you have an infinite amount and start with a small amount, you'd never loss. But as no one has an infinite amount and the martingale rises more quickly (geometrically), you'll soon reach to your amount limit. Yet, there are few people who insisted they have never lost due to martingale, I believe they didn't bet a lot.
Infinite amount is not really the best word but a very substantial amount; here we are talking about multi million dollars and there are gamblers with this type of money actually. I think that most of the gamblers that might have this type of money to play are not really playing for money, they do it for entertainment and as well they keep on making money.

I have not seen but have heard stories of gamblers that have played using martingale and never lost and from what I learnt they bet but because of the increased amount deposited, it never goes down to them losing, so while recovering there’s a greater chance of winning. This is the reason it’s called a winning strategy but it should be stated winning strategy for rich gamblers.

Deciding to stop is the key to success here. But when people get the taste of easy money, people would not stop gambling until they lost it all.
Even though they win and withdraw from one site, they'll eventually lose it on some other.
legendary
Activity: 2884
Merit: 1117
Hypothetically if you have an infinite amount and start with a small amount, you'd never loss. But as no one has an infinite amount and the martingale rises more quickly (geometrically), you'll soon reach to your amount limit. Yet, there are few people who insisted they have never lost due to martingale, I believe they didn't bet a lot.
Infinite amount is not really the best word but a very substantial amount; here we are talking about multi million dollars and there are gamblers with this type of money actually. I think that most of the gamblers that might have this type of money to play are not really playing for money, they do it for entertainment and as well they keep on making money.

I have not seen but have heard stories of gamblers that have played using martingale and never lost and from what I learnt they bet but because of the increased amount deposited, it never goes down to them losing, so while recovering there’s a greater chance of winning. This is the reason it’s called a winning strategy but it should be stated winning strategy for rich gamblers.
legendary
Activity: 3374
Merit: 1922
Shuffle.com
Not that I am saying that martingale strategy works but there are times I a using this strategy when use auto betting however there is a slight twist on it. Th settings is not normal. I adjust the chance of winning to 89% and set increase bet by 15% when I lost. The chance of loosing is very low at that settings and when you did, bet will increase if you lost 2 times in a row or more.
Betting on 89% winning chance and 15% increase after lose doesn't recover your previous loss, you will get another red streak or more until your bankroll wiped out. Hoping to recover with many greens after a red doesn't helped you at all too.
I could see the strategy work for a few times by only doing a small number of rolls maybe at least 10 - 30 bets and  stop if you're on profit. It will fail if he starts to bet for a long time, i've tried betting at 90% before and with a constant bet amount there's a possibility to profit but I eventually start to lose once the total bet reaches 100+.
legendary
Activity: 2450
Merit: 1047
before I implement that strategy I make sure first that I have enough amount because I will be chasing my lost and it could go 15 or 20 successive losses to get a win, only high rollers are more capable of this, because they have the funds to do it.
legendary
Activity: 2366
Merit: 1130
Not that I am saying that martingale strategy works but there are times I a using this strategy when use auto betting however there is a slight twist on it. Th settings is not normal. I adjust the chance of winning to 89% and set increase bet by 15% when I lost. The chance of loosing is very low at that settings and when you did, bet will increase if you lost 2 times in a row or more.
Betting on 89% winning chance and 15% increase after lose doesn't recover your previous loss, you will get another red streak or more until your bankroll wiped out. Hoping to recover with many greens after a red doesn't helped you at all too.
legendary
Activity: 1834
Merit: 1036
Not that I am saying that martingale strategy works but there are times I a using this strategy when use auto betting however there is a slight twist on it. Th settings is not normal. I adjust the chance of winning to 89% and set increase bet by 15% when I lost. The chance of loosing is very low at that settings and when you did, bet will increase if you lost 2 times in a row or more.
legendary
Activity: 3052
Merit: 1168
Leading Crypto Sports Betting & Casino Platform
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".
full member
Activity: 798
Merit: 109
https://bmy.guide
Martingale strategy is not good for me, especially if you have only a small amount of capital. I admit that I only gamble if there is the spare amount on my bitcoin or just came from my reward on the campaign. But in general, just once in the blue moon, I can able to gamble due to very busy in real life. Lots of funds and spend more time, that's martingale does work.
hero member
Activity: 2996
Merit: 609
Hypothetically if you have an infinite amount and start with a small amount, you'd never loss. But as no one has an infinite amount and the martingale rises more quickly (geometrically), you'll soon reach to your amount limit. Yet, there are few people who insisted they have never lost due to martingale, I believe they didn't bet a lot.
They haven't experienced for sure but once they had faced up that thing they will surely realize that they have been

fucked up by martingale strategy.The feeling on seeing the recovery of your funds+profits when martingale wins but when
losing streaks is already starting then you should be scare off if it do continue because no matter how big your bankroll is,it doesn't guarantee that it wont bust up.
legendary
Activity: 1806
Merit: 1828
I must admit, I don't play on many online casinos. Exactly what are the usual minimum and maximum bets for a dice game? If the minimum bet is 1 satoshi and the maximum is 1 BTC, you would have to lose 23 times in a row to not be able to double your bet anymore. That would be ~ 1 in 5 million streaks. Of course, with an expected profit of only 1 satoshi per series, no one is going to get rich. However, it may keep someone entertained for quite sometime before going bust. (Unless they are extremely unlucky.)
legendary
Activity: 2198
Merit: 1989
฿uy ฿itcoin
Martingale has worked fine for me in the past but it all depends on the odds you're using. I've had pretty long losing streaks when playing 50/50.
sr. member
Activity: 1792
Merit: 264
The martingale technique does not guarantee that you can continue to win many times, this technique is only done when someone continues to lose and then multiplies the bet in the hope of returning the capital that has been spent. for some people who often do martingale techniques, of course he plays full of confidence and is not afraid to experience big losses
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
Martingale system might effectively work if the player has a working strategy applicable in binary option, forex trading but I don't believe it work in gambling where the chances of wining is 50:50 and a bit of luck of course their is no holy grail however doubling your stakes in system in the name of martingale that has no assurance of wining in a row will amount to total loss of income.
Its will be very interesting to see successful gambler who had applied that system to prove its effectiveness.
hero member
Activity: 2254
Merit: 960
100% Deposit Match UP TO €5000!
Thats because you shouldn't double your losses after a lose, you gotta increase your bet 4x fold not 2x that i the secret obviously

I hope english isnt your first language and you got to practice all of that because if it is, you just wasted your time
hero member
Activity: 1372
Merit: 512
In the end every system will be beaten by the house. Marginal can be a good tactic but a big red streak can swipe all your winnings at once.

Some users can wager marginal for days bad making a good profit. Others aren't that lucky and are broke within a few minutes.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
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However, at the end of the day, the results will depend on your luck. Also, if you play long enough, the house will always win.
Well, it is base on luck and the house edge will always have a favor to win. If you have a lot of money and spend more time in the martingale system strategy, if you are in dice you set in auto roll dice. There is a chance that you probably earn profit but this unconditional situation because every betting is unpredictable so that is very hard to conclude. Indeed, it will end up on how lucky you are in gambling space.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
Martingale isn't a winning strategy, it is one of the way where you get the increased chance of recovery. In simple terms it increases the probability of winning and the same isn't assured. A huge bank roll is a must and the same makes it quite risky, this seems to be the true reason where gamblers face loss applying the martingale state strategy when experiencing consecutive losses.

Almost all the casino know about the Martingale strategy and they will detect that you are playing gambling with Martingale strategy. Also many times you will keep on losing on Martingale strategy till your balance become zero. With Martingale strategy, you will not be able to win big amounts.
copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
Martingale has many variations actually, for instance, reverse martingale and Fibonacci martingale. Each "strategy" has its own merit. For example, a simple martingale works as long as you are not in a long losing streak. Fibonacci martingale allows you to play more than a simple martingale. Reverse martingale works best if you are in a winning streak.

However, at the end of the day, the results will depend on your luck. Also, if you play long enough, the house will always win.

There is no guaranteed strategy to win in a casino, just like there is no guaranteed TA strategy to succeed in trading.
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