Why the martingale system sucks! (doubling down on losses) - page 3.

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Quote from: zanezane on July 02, 2021, 03:02:11 AM

No such thing as lucky day, remember that gambling is all math, statistics and probability, we just don't know how to explain it to ourselves that's why we call it luck. Of course anything that is likely to make you lose money is going to hurt you in the long run, I think there's no exceptions to that.

Obviously, some believe in luck, some believe in a higher power, God or a deity, but my point is, if everyone only thought strictly about math and probabilities, no one would never gamble. You cannot deny that sometimes in life you get 'surprises.' Wink

After all, the odds are a totally mathematical number, while randomness or luck is an unseen element. It is random and it happens. The odds do not affect the outcome of the bet; they only serve to predict the probability of success.

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Quote from: Pamadar on July 02, 2021, 02:49:45 AM

Quote from: zanezane on July 02, 2021, 01:53:49 AM

~

We can say that a lucky day gives gamblers opportunities to win using this system,

But in the long run it will end up the same way as how those who suffered from this strategy are saying, house always have the advantage

and with un-control emotions you can lose so much using this system. Best to play some random strategy, who knows when luck permits you and walk away with decent profits.

No such thing as lucky day, remember that gambling is all math, statistics and probability, we just don't know how to explain it to ourselves that's why we call it luck. Of course anything that is likely to make you lose money is going to hurt you in the long run, I think there's no exceptions to that.

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Quote from: zanezane on July 02, 2021, 01:53:49 AM

Quote from: paxmao on July 01, 2021, 04:43:10 PM

It is incredible that people even consider the martingale. Is as old as life and yet still somehow it captures the imagination of players that keep on loosing money either with the original scheme or with many variations aimed to increase the chances. The fact is that:
- Statistically, you may loose an indefinite amount.
- The limit of bets puts an effective limit to the system.
- If it worked, it would be banned. Casinos like wining only.

So, users are either illiterate or they just don´t even bother to google it.

Because it works sometimes for other players that's why they try to spread the word that it works when it's a wolf in sheep's clothing, the concept for this system is that it tries to make you breakeven and you are hoping that in a consecutive loss, you will eventually hit the win and win back all the losses. In reality it's quite stupid to do this because you are basically losing money much faster than a regular unsystematic way of gambling.

We can say that a lucky day gives gamblers opportunities to win using this system,

But in the long run it will end up the same way as how those who suffered from this strategy are saying, house always have the advantage

and with un-control emotions you can lose so much using this system. Best to play some random strategy, who knows when luck permits you and walk away with decent profits.

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Quote from: paxmao on July 01, 2021, 04:43:10 PM

It is incredible that people even consider the martingale. Is as old as life and yet still somehow it captures the imagination of players that keep on loosing money either with the original scheme or with many variations aimed to increase the chances. The fact is that:
- Statistically, you may loose an indefinite amount.
- The limit of bets puts an effective limit to the system.
- If it worked, it would be banned. Casinos like wining only.

So, users are either illiterate or they just don´t even bother to google it.

Because it works sometimes for other players that's why they try to spread the word that it works when it's a wolf in sheep's clothing, the concept for this system is that it tries to make you breakeven and you are hoping that in a consecutive loss, you will eventually hit the win and win back all the losses. In reality it's quite stupid to do this because you are basically losing money much faster than a regular unsystematic way of gambling.

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It is incredible that people even consider the martingale. Is as old as life and yet still somehow it captures the imagination of players that keep on loosing money either with the original scheme or with many variations aimed to increase the chances. The fact is that:
- Statistically, you may loose an indefinite amount.
- The limit of bets puts an effective limit to the system.
- If it worked, it would be banned. Casinos like wining only.

So, users are either illiterate or they just don´t even bother to google it.

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Quote from: Quidat on July 01, 2021, 03:18:43 PM

Quote from: lienfaye on July 01, 2021, 03:12:52 AM

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

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.

Thats true, its easy to said than done. Thats why gambling should not be treated as a money making habit because you will only lose more than winning. I've been there already, I thought its an easy way to double my money but the truth is it can lead you to a worse scenario. The martingale strategy cant help you to get back what you've lost if you're not lucky and its a fact.

When you do really think of gambling to be a main source of income or money then this is where wrong motivation comes in which would really result into those negative or unfortunate events in life.
Dont make yourself believe that gambling could really make your rich or does make out some guaranteed profits because it doesnt really work that way but rather the opposite one.
When it comes to martingale system then this had been the common strategy being used in ages.Lots had been saying that it isnt really working at all or does really bust you easily
but to think that this isnt been created to make profits in the first place. So better be aware on what you are doing in the gambling field.

That's the reality for most of us but not for some gamblers who really made it successful in treating gambling as a source of income. I know only a few would understand as it's not really easy to consider gambling as a source of income, when you are true to that, you need to be smart and thinking gambling could be a source of income, that means you yourself had proven that you have some consistency in winning.

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Quote from: lienfaye on July 01, 2021, 03:12:52 AM

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

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.

Thats true, its easy to said than done. Thats why gambling should not be treated as a money making habit because you will only lose more than winning. I've been there already, I thought its an easy way to double my money but the truth is it can lead you to a worse scenario. The martingale strategy cant help you to get back what you've lost if you're not lucky and its a fact.

When you do really think of gambling to be a main source of income or money then this is where wrong motivation comes in which would really result into those negative or unfortunate events in life.
Dont make yourself believe that gambling could really make your rich or does make out some guaranteed profits because it doesnt really work that way but rather the opposite one.
When it comes to martingale system then this had been the common strategy being used in ages.Lots had been saying that it isnt really working at all or does really bust you easily
but to think that this isnt been created to make profits in the first place. So better be aware on what you are doing in the gambling field.

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There is no "why" in any strategy about how they suck. Strategy doesn't work in gambling, there is a house edge and as long as you keep gambling there is no way that you could actually win, you are going to end up losing. This doesn't mean that you can't have a win in the middle of the road, like let's say you start with 100 bucks, bet one dollar each bet, get to a million dollars, now you think that is a huge win right?

If you withdraw yes that's right, and if you just get out and stop that is right, but as long as you keep gambling with it? Then you are going to lose all of that million dollars.

So there is no strategy that works in the long run, if you ever want to gamble and walk out with money, you have to get lucky first and win something and then you need to stop gambling ever again in your entire life and cash that profit out and never look back, that is the only possible way.

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

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.

Thats true, its easy to said than done. Thats why gambling should not be treated as a money making habit because you will only lose more than winning. I've been there already, I thought its an easy way to double my money but the truth is it can lead you to a worse scenario. The martingale strategy cant help you to get back what you've lost if you're not lucky and its a fact.

ShowOff

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Quote from: jaberwock on July 01, 2021, 12:43:32 AM

This is the reason to conquer by making use of martingale strategy, we must need unlimited bankroll or a bankroll which is bigger than gambling house's Grin

.

No, I've never done that for over $100 and I wouldn't recommend anyone to it even if they had $100K. It's too crazy for anyone to actually want to win all the balance on a gambling site's bankroll because it's like suicide. Grin

Quote from: jaberwock on July 01, 2021, 12:43:32 AM

All jokes apart, when you have a plan of resuming on the next day then probably you will never have a control on your gambling. I mean that you may gamble on next days but that should not be a planned one after a loss. Start a day afresh and with limited bankroll and then forget it for some days and finally resume after a long gap or forget completely by gagging in life's other priorities.

Coming back tomorrow doesn't necessarily mean the next day. But one can do it when they are ready for it. Limiting the amount of money you want to spend, and quitting once one of the target is reached will still be useful to prevent more losses and enjoy winning.

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

quitting after losing limit is reached and coming back tomorrow is a great way to control gambling and money.

This is the reason to conquer by making use of martingale strategy, we must need unlimited bankroll or a bankroll which is bigger than gambling house's Grin

. All jokes apart, when you have a plan of resuming on the next day then probably you will never have a control on your gambling. I mean that you may gamble on next days but that should not be a planned one after a loss. Start a day afresh and with limited bankroll and then forget it for some days and finally resume after a long gap or forget completely by gagging in life's other priorities.

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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.

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Quote from: Wexnident on June 30, 2021, 11:50:02 PM

Quote from: chaser15 on June 30, 2021, 04:39:52 PM

Come back tomorrow with the same betting style and repeat the process. At least, it's not a one-day busted as the bankroll is properly managed. Just pray that luck will always come to them.

Yea because it'll become a multi-day bust for your bankroll Grin

. No kidding though, the only way you'd actually win with martingale if is you stop using it. Martingale isn't a strategy to profit, it's a strategy to even out your losses, meaning to play without losing anything, nothing more, nothing else. Even a decent amount of bankroll would still kill itself given a matter of time. In the end, if you're going to pray for luck, do it big in a way that you'd actually get something. If you're gonna lose it, might as well go for the chance that would let you win, and not one that would let you get nothing (or lose actually)

i do martingale for waggering because it can gain what i lose earlier but its hard if you play for profit using martingale . if we want to profit we can bet the normal way .
when it comes to managing our bankroll , we can do it with or without martingale but all we only need is self control . set aside some balance to play and after you lose it or win it , stop and come back again next time .

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Quote from: chaser15 on June 30, 2021, 04:39:52 PM

Come back tomorrow with the same betting style and repeat the process. At least, it's not a one-day busted as the bankroll is properly managed. Just pray that luck will always come to them.

Yea because it'll become a multi-day bust for your bankroll Grin

. No kidding though, the only way you'd actually win with martingale if is you stop using it. Martingale isn't a strategy to profit, it's a strategy to even out your losses, meaning to play without losing anything, nothing more, nothing else. Even a decent amount of bankroll would still kill itself given a matter of time. In the end, if you're going to pray for luck, do it big in a way that you'd actually get something. If you're gonna lose it, might as well go for the chance that would let you win, and not one that would let you get nothing (or lose actually)

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Quote from: Kyraishi on June 30, 2021, 04:35:19 PM

You're much better off from a time and electricity perspective to just enjoy yourself and YOLO your balance in a few manual bets.

Or the users, if they really want to use martingale, then be brave enough to put some decent amount.

After a winning for let's say on the 4th or 5th bet after the losing streak, don't get too excited or be carried away and just get out and called it done for that day.

Come back tomorrow with the same betting style and repeat the process. At least, it's not a one-day busted as the bankroll is properly managed. Just pray that luck will always come to them.

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Quote

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.

Precisely this.

Given a finite bankroll and infinite events, you are guaranteed to be bankrupt as a matter of time. There is no scenario in which your bankroll will survive playing a negative EV game thousands of times.

You're much better off from a time and electricity perspective to just enjoy yourself and YOLO your balance in a few manual bets. Running a martingale strategy or a variant of the martingale strategy on a paid dicebot simply doesn't make sense - you're wiping away the variance that could make you money in the short term, whilst paying more subscription fees on top of the -EV you're dealing with.

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Quote from: freedomgo on June 28, 2021, 04:02:11 PM

Quote from: Silberman on June 27, 2021, 10:52:48 AM

And even if a player appeared that had more money than the casino itself the casinos have put in place limits to how much money you can use on each bet, which means that if you double your bet each time you lose even if you begin with a bet as small as one satoshi, supposing that you can make a bet that low, eventually you are going to lose enough times to reach that limit guaranteeing that you will lose money with this strategy no matter what you do.

That's the big thing some people missed, they thought they can just use their method without limitation but there is, we are just gambling, we don't create the rules, and that's a disadvantage to us as even if we have unlimited funds, we will never win against a casino who always have the edge over us. They are in business, they would be out of business if they will not protect their interest, that's the simple logic.

Which by the way they are within their rights to do so, some see casinos having an edge over the player as something unfair but they do not understand that every single business gives themselves an edge, after all if you buy a car do you really think that car had the same cost that you are paying? Of course not, the car was cheaper to produce but the seller needs to charge more because they need to obtain profits, compared to that the gambling industry has probably the lowest margins of profits on their favor, so we need to appreciate it and gamble only for fun instead of trying to obtain profits from the activity.

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Quote from: Silberman on June 27, 2021, 10:52:48 AM

Quote from: Mahanton on June 24, 2021, 05:20:07 PM

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

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

The belief in the system is that when you do it, you basically win back all your losses from previous matches so you are basically trying to gamble by just breaking even. That's what I don't get in this system, besides doubling down on losses, you only have one way in this system and that is as I have said, breakeven.

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.

But unlimited bankroll does only exist on dreams and not on real life.No matter how rich you are you would easily get wiped out when using up martingale.
This is why its never been suggested on relying with this kind of strategy because the more losing streak you would have the more deeper losses you would make and that wont really be sustainable as long the game would run plus imagine about doubling losses everytime then having a long streak will surely
blow up your account and this is why this strategy sucks but if you do know how to control yourself on getting out when you are in greens then that would
be a good news.

And even if a player appeared that had more money than the casino itself the casinos have put in place limits to how much money you can use on each bet, which means that if you double your bet each time you lose even if you begin with a bet as small as one satoshi, supposing that you can make a bet that low, eventually you are going to lose enough times to reach that limit guaranteeing that you will lose money with this strategy no matter what you do.

That's the big thing some people missed, they thought they can just use their method without limitation but there is, we are just gambling, we don't create the rules, and that's a disadvantage to us as even if we have unlimited funds, we will never win against a casino who always have the edge over us. They are in business, they would be out of business if they will not protect their interest, that's the simple logic.

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Quote from: Mahanton on June 24, 2021, 05:20:07 PM

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

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

The belief in the system is that when you do it, you basically win back all your losses from previous matches so you are basically trying to gamble by just breaking even. That's what I don't get in this system, besides doubling down on losses, you only have one way in this system and that is as I have said, breakeven.

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.

But unlimited bankroll does only exist on dreams and not on real life.No matter how rich you are you would easily get wiped out when using up martingale.
This is why its never been suggested on relying with this kind of strategy because the more losing streak you would have the more deeper losses you would make and that wont really be sustainable as long the game would run plus imagine about doubling losses everytime then having a long streak will surely
blow up your account and this is why this strategy sucks but if you do know how to control yourself on getting out when you are in greens then that would
be a good news.

And even if a player appeared that had more money than the casino itself the casinos have put in place limits to how much money you can use on each bet, which means that if you double your bet each time you lose even if you begin with a bet as small as one satoshi, supposing that you can make a bet that low, eventually you are going to lose enough times to reach that limit guaranteeing that you will lose money with this strategy no matter what you do.

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Quote from: mirakal on June 26, 2021, 04:16:27 PM

Quote from: KTChampions on June 26, 2021, 08:44:45 AM

It's a delusion. Martingale speeds up the game (brings the loss of the entire depot closer), since very quickly you are forced to risk your entire deposit. Compare Martingale and just single bets - you will see that with 1000 minimum bets you will lose the entire deposit faster using Martingale than if you made these bets separately.

That's definitely right, it's just a delusion as there's really no study (legit study) that says martingale system is a working strategy. In fact, some casinos just put that system integrated because they know bettors like it and they also know it is always in their favor.

This is a very correct observation! Almost all casinos where, for example, there are dice provide an internal interface that allows you to automate gambling - in fact, this is intended for the player to choose one of the Martingale types and watch how his deposit decreases Cheesy

Topic: Why the martingale system sucks! (doubling down on losses) - page 3. (Read 3317 times)