Topic: Why the martingale system sucks! (doubling down on losses) - page 4. (Read 3306 times)

I agree only whales with a huge bankroll will start at $10 even a $1 can be considered a big amount I usually start with cents and patiently waited for my lucky rolls, a variation of martingale and picking the best time to bet big will give you a good percentage than doing straight martingale.

It's the opposite, martingale will have our session a bit shortcut to losing. A 5X continuous losing streak is already crucial.

Martingale is not actually a strategy for me but more on the betting type. I honestly do that kind of betting but not to the point I will think of it as increasing my winning chance. It's just that sometimes, when I feel luck is just around the corner, why not try to risks some doing that kind of bet.

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.

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.

Would really like burning if you are really aiming for long term on using this strategy because it is never really meant for making profit in the first place.
Martingale is just good for prolonging the game a bit more but not really intended for making money but people does really have that common impression
where they do seek more for more strategy that they do believe that they can make money which is really a very wrong mindset to have.
Enjoy the game no matter what strategy you've been using since this had been the primary motive on why gambling created on the first place.

Mathematically the martingale strategy looks working but in reality people are burning their money much faster than how they are going to be, and they should always remember that risking money in the gambling doesn't guarantee any returns like investment so neber treat the gambling as investment that is why we call it as gambling, lets our luck decides everything while simply enjoy the adrenaline.

$ 10 is a huge starting bet for the Martingale strategy. Even a streak of 5 losses makes you bet $ 320! At the same time, the potential gain does not increase and leaves 10 dollars as before. A strategy with minimal winnings and exponentially increasing risk initially looks repulsive.

I like watching videos of people playing dice using the martingale strategy and the potential for return on investment is very large if the player has a lot of capital
the martingale system is the most effective when playing dice, nothing else because it's a trick anyone can do

Not just 10 many times it happened that gamblers lose more than 20x using this strategy.

There's no system or proven system that really works in the long run, either you are lucky or you understand the game well and quit when you already have decent profits. Other than that mostly the end outcome turned against you, losing your entire bankroll by trying to win huge amount of money.

You have a good description of the Labouchere strategy on the wiki:
https://en.wikipedia.org/wiki/Labouch%C3%A8re_system
and also on the official website of Seuntjie's DiceBot:
https://bot.seuntjie.com/BettingSystem.aspx?id=2

As I mentioned, the strategy is a bit more complicated, so using a bot is preferred, but it can also be done manually with a little help of a pen and paper.

If gamblers have that kind of mindset, then they will not fool themselves into believing that one day they'll find a strategy that could constantly bring them a profit. The only newbie would fall for that martingale strategy as they don't fully understand the risk until they fully experience getting their bankroll busted many times.


I'm not familiar with this one, I think I'll take a look about this strategy.

There is no such thing as a guaranteed always-winning strategy. If such a strategy existed, then any provably fair casino would go bankrupt. We can use different strategies to increase our odds, but sooner or later the house always wins. It's just math.

The Labouchere strategy is also popular. It's a bit more complex than the Martingale and Fibonacci strategies and is also known as the cancelation or split martingale.

That's the reality, doubling every loses is a big risk, some might not see it because they don't believe that they'll lose 10 in a row, which in actual practice using the martingale strategy, that would already result to a huge loses even if you only have a $10 starting bet.

This is a misunderstanding of the Martingale strategy and it just misleads those who try to use this strategy. Mathematically speaking, when you increase your bet there is no retracement, you only increase your risk. Given the fact that your bets sometimes win and you return to the original bet (with a small profit), it seems to you that you are winning by changing the size of the bet, but in reality you are making a small profit only by increasing the risk.

If you stick with 1 sat bet for 99 rolls at x100 payout (win chance 0.99%) you will be positive even if you hit it in the last roll! So how do you come to know the exact number of losses is simple, you set the payout (win chance) and you know what you can expect.... max red streak, after how many streaks you rise bet, and how much you raise/add to bet!
To make it simple let's take x2 payout (win chance 49.5%)... I saw 33 reds, some people talk about even longer red steaks... but that happens rarely, it's usually between 5-20 reds!
So it goes like this... for base bet 1 sat at x2:

-On every streak of 15 losses add to amount 100 sat
-On every streak of 16 losses add to amount 200 sat
-On every streak of 17 losses add to amount 300 sat
...

You can have fun with all this, depending on the payout you choose and your bankroll you can set up your own strategy! As you see from this example, the first 15 bets are 15 sats cost, but your 16 bet is bringing the profit, and depending on your bankroll/base bet/payout you can create a strategy for any losing streak...

You can go with:

-On every streak of 15 increase amount by 1000%
-On every streak of 16 increase amount by 100%
-On every streak of 17 increase amount by 100%

For x 2 it's easy to cover 40 reds if you play with a bunch of "whole coins"... TRX, DOGE, XRP... you can even wait for 20 reds and only then to start rising bets! It's up to you and how risky you want to play it! More risk = higher possible profit, less risk = lower possible profit!

Well, I hope you get the point!

Could you please put some more light on this? Do you mean that you need to stick within 1 satoshi bet for some times before increasing the bet amount? How do you come to know the exact number of "certain number of losses".

For example, if you stick with 1 satoshi bet for 5 rolls, and your 4th roll is positive then you may not get chances to recover your previous losses.

Martingale strategy is all about "immediate recovery of losses before going for another round of betting". It means if your 3rd bet is a negative then you need to go for recovering it from your 4th bet onward until you find a positive roll. So, immediately doubling your base bet from the next roll onward alone will serve the purpose of going for martingale strategy. Keep sticking with same bet amount is definitely not a martingale strategy.

Why do you think that you need to have an unlimited bankroll? With auto betting settings you can make miracles... you can simply play first rolls at 1 satoshi bet, and only after a "certain number of losses" you start rising bets! In this case, you need to use "add amount", not "increase amount"...
You can play to wager, you can play to make a nice profit! But what's important is that you need to find a perfect base bet for your bankroll, and not be greedy with your goals! And it can be effective, just if you stick to that!

Everyone (should) plays aware about the risks, but it doesn't mean we play to lose. We play knowing we may lose, but always trying to increase maximum as possible the probabilities of earning some profit and that is why strategies were developed and adopted. Although they don't assure profit on long run, they increase the chance you are going to profit on short run, and that is what we expect when gambling, isn't it?

That is true, however it's not the main point here.
People are complaining about Martingale and I just would like to know what strategy they use since Martingale doesn't fit their gameplay style.

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.

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.