Why the martingale system sucks! (doubling down on losses) - page 2.

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Quote from: carlisle1 on July 05, 2021, 10:43:10 AM

Quote from: ene1980 on July 04, 2021, 05:16:04 PM

Quote from: Hamphser on July 04, 2021, 04:58:26 PM

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

You need to have that luck and quit while you still have that chance, if you stay longer then expect that the outcome will turned against you.

Lots of gamblers do have the same experienced thinking that they've got that better chance and luck is already behind them,
but when losing strict start to show up all those early gains together with their bankroll are being suck up.

Martingale will leave you nothing if you'll use it without any good control with both emotions and your balance.

Martingale without control and used in the long term will only make our capital run out. So I agree when using the martingale strategy we must
be able to control ourselves when to stop, because if it continues after a losing streak, there is a possibility that the results are not what we want.
I believe no matter how big a bankroll we have, if we insist on using the Martingale strategy, our bankroll will also run out. So we do have to limit
when using the martingale strategy, with disciplined control.

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Quote from: ethereumhunter on July 06, 2021, 11:04:14 PM

If a gambler uses the martingale system and can win the game in the short term, he must stop as soon as possible before he loses because I guess the losses will be bigger than he won before. That is what a gambler must do to avoid a big loss.

Yes, a gambler will feel high self-esteem if they win, no matter how big their balance, but that can make them greedy if they do not stop gambling.

On the one hand, your advice looks reasonable, but if you think it over completely, then you will inevitably come to the conclusion that you should not even start playing Grin

Probably the best strategy is to set the money that you are willing to lose and play in order to enjoy the game, not in order to win. If the process of the game itself does not give you pleasure, then it is better not even to start.

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Quote from: Questat on June 24, 2021, 03:56:15 PM

Quote from: Obito on June 22, 2021, 09:37:28 PM

~snip

The system is not created for you to break even, you started an exact amount then double it if you lose until you win, that's the only process you have to do and you don't use any kind of system as the system itself is very simple to follow. However, is it effective? the answer is yes if you have an unlimited bankroll.

You just described what breaking even is which is what Martingale system does. Also, your answer doesn't make sense because your definition of bankroll is definitely not right plus it's a useless system that makes a quick work of your money because you exponentially increase your bet and end up losing it much faster than usual.

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Quote from: ethereumhunter on July 06, 2021, 11:04:14 PM

Quote from: LUCKMCFLY on July 06, 2021, 10:26:32 AM

Quote from: ethereumhunter on July 05, 2021, 11:03:59 PM

Some gamblers can stop gambling if he wins or loses because they can control themselves better than the other gambler. If he can see how big his chance to win in gambling games, he will consider continuing or stopping gamble. Maybe he stops because he sees his strategy is not working for him, so he decides to break and modify his strategy and try again in the next few days. It is hard to become consistent winning in gambling because we know that will depend on our luck. And we know that luck will not always work beside us every day and every time.

One of the things why the Martingale strategy is so efficient in casinos is because it plays with the emotion of the players, because every player has very high self-esteem when they have a high balance, even with low balances it happens, but In the long term, this strategy is not profitable, many say it is.

If a gambler uses the martingale system and can win the game in the short term, he must stop as soon as possible before he loses because I guess the losses will be bigger than he won before. That is what a gambler must do to avoid a big loss.

Discipline in gambling activities what will save us always . the longer you gamble is the bigger chance of losing thats the reality and based on my own experience.

Quote

Yes, a gambler will feel high self-esteem if they win, no matter how big their balance, but that can make them greedy if they do not stop gambling.

always Put your self as beginners , in which completely contented in small wins , in this way you will never become greedy and will keep your plans small time and never exceed to looking for tons of wins each gambling time.

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Quote from: LUCKMCFLY on July 06, 2021, 10:26:32 AM

Quote from: ethereumhunter on July 05, 2021, 11:03:59 PM

Some gamblers can stop gambling if he wins or loses because they can control themselves better than the other gambler. If he can see how big his chance to win in gambling games, he will consider continuing or stopping gamble. Maybe he stops because he sees his strategy is not working for him, so he decides to break and modify his strategy and try again in the next few days. It is hard to become consistent winning in gambling because we know that will depend on our luck. And we know that luck will not always work beside us every day and every time.

One of the things why the Martingale strategy is so efficient in casinos is because it plays with the emotion of the players, because every player has very high self-esteem when they have a high balance, even with low balances it happens, but In the long term, this strategy is not profitable, many say it is.

If a gambler uses the martingale system and can win the game in the short term, he must stop as soon as possible before he loses because I guess the losses will be bigger than he won before. That is what a gambler must do to avoid a big loss.

Yes, a gambler will feel high self-esteem if they win, no matter how big their balance, but that can make them greedy if they do not stop gambling.

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Quote from: freedomgo on July 04, 2021, 04:15:22 PM

Quote from: mv1986 on July 03, 2021, 12:45:18 PM

It is a bad strategy unless you set a limit and go with the gamble. Maybe double down five times or so, but it will ultimately make you lose if you repeat that just often enough. It comes down to pretty much the same result as the statistics of OP prove very well.

If you will not set a limit, the gambling site will, and as a gambler, you don't have an unlimited bankroll so you need to manage the bankroll. Doubling down every bet but only up to certain numbers, is not what we called as Martingale method as the martingale method explains that you'll only stop doubling when you win, so if you have like 20 losing streak, you have to continue to double your last bet in order to qualify.

You are correct when you say that what the user that you are quoting is describing is not really martingale as it is clear that in order for the martingale strategy to be used you need to double your bet each time you lose, however it is a betting progression and as we know a betting progression is never going to be enough to beat the casino games because a progression does not change the expected value that you can get out of each bet and as such all of those strategies keep losing money.

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Quote from: ethereumhunter on July 05, 2021, 11:03:59 PM

Some gamblers can stop gambling if he wins or loses because they can control themselves better than the other gambler. If he can see how big his chance to win in gambling games, he will consider continuing or stopping gamble. Maybe he stops because he sees his strategy is not working for him, so he decides to break and modify his strategy and try again in the next few days. It is hard to become consistent winning in gambling because we know that will depend on our luck. And we know that luck will not always work beside us every day and every time.

One of the things why the Martingale strategy is so efficient in casinos is because it plays with the emotion of the players, because every player has very high self-esteem when they have a high balance, even with low balances it happens, but In the long term, this strategy is not profitable, many say it is.

In my case, that was the only strategy I knew when I started gambling, but after trying and testing the gains are never greater than the losses, in fact this article affirms it:

Quote

For the Martingale strategy to work, you'll need huge amounts of capital at your disposal. Even then, you're counting on the winning trades to offset the losses. You might have winning trades at the onset.

But one losing trade in the future might take out a huge chunk off your account. On the other hand, a winning trade might offset the losses incurred in earlier trades. However, whatever profit is left might be too small to justify your huge investment in that one single trade.

Source: https://www.iqoptionwiki.com/martingale-strategy-trading-iq-option/

Of course, the good or bad luck of the player also influences here, there are some players who do this strategy only 1 or 2 times and it works for them, but they don't do it often, and it gives them results.

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Quote from: Ziskinberg on July 05, 2021, 08:13:04 AM

Quote from: ethereumhunter on July 05, 2021, 02:00:43 AM

Quote from: ene1980 on July 04, 2021, 05:16:04 PM

Quote from: Hamphser on July 04, 2021, 04:58:26 PM

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

If a gambler can win using the same strategy for a short time, it is better for him to stop gambling, save and withdraw the win money and get out of the casino. But from what I see, we are difficult to win in a short time, so it is not easy for us to win for a long time. But we can stop anytime from playing gambling, especially if we can see that we can not win from the previous rounds.

I will see and observe my first ten rolls and if I see that I can win more than 5-6 rounds, I will continue to play for the next 5 rounds. But after that, if I can only win 2 times in a row, I will quit that game.

No gambler would stop when he is winning unless he wins a big amount like winning in a lottery. We gamblers always aim to win more, we also try to experiment in finding a ways to more consistent in gambling as we believe that once we become consistent in winning, then we can maximize our profit here and this could be the easiest job for us that would fulfill our dreams.

Some gamblers can stop gambling if he wins or loses because they can control themselves better than the other gambler. If he can see how big his chance to win in gambling games, he will consider continuing or stopping gamble. Maybe he stops because he sees his strategy is not working for him, so he decides to break and modify his strategy and try again in the next few days. It is hard to become consistent winning in gambling because we know that will depend on our luck. And we know that luck will not always work beside us every day and every time.

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Quote from: ene1980 on July 04, 2021, 05:16:04 PM

Quote from: Hamphser on July 04, 2021, 04:58:26 PM

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

You need to have that luck and quit while you still have that chance, if you stay longer then expect that the outcome will turned against you.

Lots of gamblers do have the same experienced thinking that they've got that better chance and luck is already behind them,
but when losing strict start to show up all those early gains together with their bankroll are being suck up.

Martingale will leave you nothing if you'll use it without any good control with both emotions and your balance.

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Quote from: Ziskinberg on July 05, 2021, 08:13:04 AM

Quote from: ethereumhunter on July 05, 2021, 02:00:43 AM

Quote from: ene1980 on July 04, 2021, 05:16:04 PM

Quote from: Hamphser on July 04, 2021, 04:58:26 PM

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

If a gambler can win using the same strategy for a short time, it is better for him to stop gambling, save and withdraw the win money and get out of the casino. But from what I see, we are difficult to win in a short time, so it is not easy for us to win for a long time. But we can stop anytime from playing gambling, especially if we can see that we can not win from the previous rounds.

I will see and observe my first ten rolls and if I see that I can win more than 5-6 rounds, I will continue to play for the next 5 rounds. But after that, if I can only win 2 times in a row, I will quit that game.

No gambler would stop when he is winning unless he wins a big amount like winning in a lottery. We gamblers always aim to win more, we also try to experiment in finding a ways to more consistent in gambling as we believe that once we become consistent in winning, then we can maximize our profit here and this could be the easiest job for us that would fulfill our dreams.

In most cases, when an user is experiencing continued winning he/she'll go for a high amount betting which is what makes them end the game emptying the wallet. Being consistent in gambling is really a tough think, because when we face loss automatically we'll go out of control. Maybe a very few take the right exit and comes back after a break.

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Quote from: Ziskinberg on July 05, 2021, 08:13:04 AM

No gambler would stop when he is winning unless he wins a big amount like winning in a lottery.

Exactly, but our chance in the lottery is very slim, lower than 1%, or probably only 1 will win for every 1 million people, or maybe that's not a conservative analysis. The thing is, it always depends on our mindset, if we think of gambling as a source of income, so we will continue to gamble because of that belief, but we also have to be smart at the same time as that's the only way we can make it possible, unfortunately, most of us who have that kind of aim are not smart.

Quote from: Ziskinberg on July 05, 2021, 08:13:04 AM

We gamblers always aim to win more, we also try to experiment in finding a ways to more consistent in gambling as we believe that once we become consistent in winning, then we can maximize our profit here and this could be the easiest job for us that would fulfill our dreams.

It's also necessary to choose the right game, any game with a house edge is not a good game to focus on, you'll never have the consistency there as it's the house who are consistent due to their house edge.

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Quote from: ethereumhunter on July 05, 2021, 02:00:43 AM

Quote from: ene1980 on July 04, 2021, 05:16:04 PM

Quote from: Hamphser on July 04, 2021, 04:58:26 PM

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

If a gambler can win using the same strategy for a short time, it is better for him to stop gambling, save and withdraw the win money and get out of the casino. But from what I see, we are difficult to win in a short time, so it is not easy for us to win for a long time. But we can stop anytime from playing gambling, especially if we can see that we can not win from the previous rounds.

I will see and observe my first ten rolls and if I see that I can win more than 5-6 rounds, I will continue to play for the next 5 rounds. But after that, if I can only win 2 times in a row, I will quit that game.

No gambler would stop when he is winning unless he wins a big amount like winning in a lottery. We gamblers always aim to win more, we also try to experiment in finding a ways to more consistent in gambling as we believe that once we become consistent in winning, then we can maximize our profit here and this could be the easiest job for us that would fulfill our dreams.

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Quote from: ene1980 on July 04, 2021, 05:16:04 PM

Quote from: Hamphser on July 04, 2021, 04:58:26 PM

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

If a gambler can win using the same strategy for a short time, it is better for him to stop gambling, save and withdraw the win money and get out of the casino. But from what I see, we are difficult to win in a short time, so it is not easy for us to win for a long time. But we can stop anytime from playing gambling, especially if we can see that we can not win from the previous rounds.

I will see and observe my first ten rolls and if I see that I can win more than 5-6 rounds, I will continue to play for the next 5 rounds. But after that, if I can only win 2 times in a row, I will quit that game.

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Quote from: Hamphser on July 04, 2021, 04:58:26 PM

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

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Quote from: freedomgo on July 04, 2021, 04:15:22 PM

Quote from: mv1986 on July 03, 2021, 12:45:18 PM

It is a bad strategy unless you set a limit and go with the gamble. Maybe double down five times or so, but it will ultimately make you lose if you repeat that just often enough. It comes down to pretty much the same result as the statistics of OP prove very well.

If you will not set a limit, the gambling site will, and as a gambler, you don't have an unlimited bankroll so you need to manage the bankroll. Doubling down every bet but only up to certain numbers, is not what we called as Martingale method as the martingale method explains that you'll only stop doubling when you win, so if you have like 20 losing streak, you have to continue to double your last bet in order to qualify.

Simply double on loss because doubling on the time you win is reverse martingale as we all know but i havent tried it out though even using up martingale is really risky if you dont know

on when to get out.I dont see the worthiness on doubling bet on losses as you hit some wins then you do earn back on what you bet and of course a little bit amount of win.

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

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Quote from: mv1986 on July 03, 2021, 12:45:18 PM

It is a bad strategy unless you set a limit and go with the gamble. Maybe double down five times or so, but it will ultimately make you lose if you repeat that just often enough. It comes down to pretty much the same result as the statistics of OP prove very well.

If you will not set a limit, the gambling site will, and as a gambler, you don't have an unlimited bankroll so you need to manage the bankroll. Doubling down every bet but only up to certain numbers, is not what we called as Martingale method as the martingale method explains that you'll only stop doubling when you win, so if you have like 20 losing streak, you have to continue to double your last bet in order to qualify.

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Quote from: MCobian on July 02, 2021, 05:43:12 PM

Quote from: Peanutswar on July 02, 2021, 05:16:27 PM

There are a lot of people trying to do this kind of strategy double your wage when you lose one time in some cases it works because I saw different gamblers online doing this kind of strategy well and it's quite effective but in some cases, they need to wage up to 3 - 5 times base on my experience before they taking back their profit which is too much money to lose but still it's on the risk of the player. Some of them are trying to check the round when they win and they are trying to make a speculation on that time they will win again which is just a risky play to do.

However, the risk is very high using the double your wage strategy, because we can lose large amounts of money if we fail. If our goal is to play
gambling just for entertainment, I really don't recommend using the martingale system which can indeed make very big losses. Which based on
my own experience using the martingale strategy only made my money run out in a short time. I admit I have also managed to recover my losses
several times with the martingale strategy, but that is very rare. The conclusion is that the martingale strategy is very risky and my advice should
not be used in the long term.

It is a bad strategy unless you set a limit and go with the gamble. Maybe double down five times or so, but it will ultimately make you lose if you repeat that just often enough. It comes down to pretty much the same result as the statistics of OP prove very well.

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Quote from: ShowOff on July 01, 2021, 12:11:23 AM

Whatever strategy is used for the purpose of winning, it may never be suitable for use in the long run. The Martingale is one of the most popular strategies among many other gambling strategies. I use that strategy most of the time in dice games, but I can never get out of the bet with a win. Quitting after winning, quitting after losing limit is reached and coming back tomorrow is a great way to control gambling and money.

Everyone wants to win bet and not a few of them continue to chase victory even though they have lost many times. When gambling has become a place to make money, then that's when problems will come for gamblers. It might be easy to say that I can control it, but the truth is it's not at all as easy as it sounds.

There are strategies that can be used to win at the casino, the casinos know about them but they are there, an example of this is card counting in blackjack in which you assign numbers to certain cards and you begin to count them and once the count is in your favor then you have greater chances to get good cards and if you raise your bet during those instances then you have chances to beat the house, but any strategy that depends on betting patterns is never going to change the EV of the game and as such is useless.

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Quote from: Peanutswar on July 02, 2021, 05:16:27 PM

There are a lot of people trying to do this kind of strategy double your wage when you lose one time in some cases it works because I saw different gamblers online doing this kind of strategy well and it's quite effective but in some cases, they need to wage up to 3 - 5 times base on my experience before they taking back their profit which is too much money to lose but still it's on the risk of the player. Some of them are trying to check the round when they win and they are trying to make a speculation on that time they will win again which is just a risky play to do.

However, the risk is very high using the double your wage strategy, because we can lose large amounts of money if we fail. If our goal is to play
gambling just for entertainment, I really don't recommend using the martingale system which can indeed make very big losses. Which based on
my own experience using the martingale strategy only made my money run out in a short time. I admit I have also managed to recover my losses
several times with the martingale strategy, but that is very rare. The conclusion is that the martingale strategy is very risky and my advice should
not be used in the long term.

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There are a lot of people trying to do this kind of strategy double your wage when you lose one time in some cases it works because I saw different gamblers online doing this kind of strategy well and it's quite effective but in some cases, they need to wage up to 3 - 5 times base on my experience before they taking back their profit which is too much money to lose but still it's on the risk of the player. Some of them are trying to check the round when they win and they are trying to make a speculation on that time they will win again which is just a risky play to do.

Topic: Why the martingale system sucks! (doubling down on losses) - page 2. (Read 3306 times)