Why the martingale system sucks! (doubling down on losses) - page 6.

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Quote from: milewilda on June 18, 2021, 02:17:15 PM

Quote from: Pamadar on June 18, 2021, 01:27:38 PM

Quote from: Silberman on June 18, 2021, 10:53:13 AM

The problem with personal experiences is that there is a lot of bias, if another member says that it has worked for them I believe them in the sense that I do not think they have suffered catastrophic losses yet, but the math is clear, martingale has been disproved mathematically over and over again as a technique that works as it does not change at all the probabilities of the game, taking this into account the only reasonable explanation for those that argue that it works is that they have simply not used the strategy long enough.

Not greedy enough to suffer the long losing streak, those who got good balance maintaining their time of playing,

Just like what you have said, there's no correct answer always in between. even if there's someone who claimed that the strategy works for them, it doesn't convinced those who suffered big losses, and coming from majorities this system always bring heavy losses to the gamblers who lean on using this system.

Not really that believing much into those persons who do tell that martingale does work for them.They might able to pull out in the right time but for sure
majority of them does know that martingale strategy do sucks and does really generate more losses than wins and they cant really just accept the truth and trying out to be good looking into other gamblers eyes that it does work for them but the truth is that it doesnt really work.It is really varying on how you would really be handling out yourself on using strategies because theres no such thing on this world that gives out guarantee and that should be always be put up on someones mind so that they wont really be that expecting much.

I have seen crazy streaks in roulette of one color showing up more than 10 times in a row. It is insane, but from a statistical point of view absolutely possible. The OP explained very well how the mathematics work against you if you look at it from the opposite perspective. How many games do you have to apply the method such that your chance to lose is almost 100%, and there you have it. I admit when I was young and started playing a bit I also tried that out and I learned my lesson with cents, which was good for me. I started with a cent, and then two, and then four, and I was shocked how quickly that escalated to my disadvantage. I always thought the casinos were rigged and then did my research accordingly, and the result was exactly what OP explained. For those who don't want to trust in their belief, just trust in maths!

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Quote from: Renampun on June 19, 2021, 03:48:30 PM

Quote from: TheRealAwesome31312 on July 18, 2019, 06:37:37 AM

...

The Martingale system is one of the best tricks when playing dice...

but this trick will only be effective if you have a large capital, if not then don't try this trick too much. although this trick is not suitable for me, I have practiced this trick and I managed to get out of losing. btw, this is a legendary trick that is often used by dice gamblers.

I would not agree with you on that, a trick is only called a trick if it's working, but Martingale will not work in the long run as you don't only need a large capital to make it work, but an unlimited capital which we know is impossible and it's also impossible that betting sites would allow you to exploit them.

The trick here is just to enjoy the game, especially with dice games, you might lose but you'll still become a winner because you are entertained.

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Quote from: TheRealAwesome31312 on July 18, 2019, 06:37:37 AM

...

The Martingale system is one of the best tricks when playing dice...

but this trick will only be effective if you have a large capital, if not then don't try this trick too much. although this trick is not suitable for me, I have practiced this trick and I managed to get out of losing. btw, this is a legendary trick that is often used by dice gamblers.

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Quote from: Botnake on June 18, 2021, 05:44:53 PM

Doubling your bet to recover your losses sometimes works, but it should not be a martingale strategy as you'll not gonna stop betting if until you win or you lose your entire bankroll. Doubling your bet is best applied in games like sports betting, you can see the situation, especially in big games, so you'll never gonna have a long losing streak.

The formula here is simple, don't bet blindly but applied the right bankroll management, doubling your bet, don't use the complete martingale strategy.

Quote from: tabas on June 18, 2021, 06:31:58 PM

It's popular because many are aware of the strategy but after trying it, everyone has their own story how it helped them and as well gave them a lot of losses.
That's not the only strategy to recover your losses. Like if you loss for the day, you can gamble again tomorrow and recover gradually or just forget about your past losses and focus on the new wins that shall come.

Does it mean a half-martingale strategy is the best method to gamble? So you still double your bet on loss, but don't go by the end of your bankroll, always preserving some money in your balance, being possible to come back to play again after some time to recover that initial loss or at least decrease the loss the maximum as possible, through sports betting, for an example.

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Quote from: uneng on June 18, 2021, 05:15:42 PM

I would like to know from gamblers what they do instead of doubling the bet on loss, since martingale is so horrible. If you don't raise your bet after a loss, you are never going to make any profit from gambling. That is my perception on this matter. For this reason people use martingale, because they want to have a chance to make profit at least on short run.

If there were better ways to gamble, would martingale be so popular?

It's popular because many are aware of the strategy but after trying it, everyone has their own story how it helped them and as well gave them a lot of losses.
That's not the only strategy to recover your losses. Like if you loss for the day, you can gamble again tomorrow and recover gradually or just forget about your past losses and focus on the new wins that shall come.

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Quote from: uneng on June 18, 2021, 05:15:42 PM

I would like to know from gamblers what they do instead of doubling the bet on loss, since martingale is so horrible. If you don't raise your bet after a loss, you are never going to make any profit from gambling. That is my perception on this matter. For this reason people use martingale, because they want to have a chance to make profit at least on short run.

If there were better ways to gamble, would martingale be so popular?

Doubling your bet to recover your losses sometimes works, but it should not be a martingale strategy as you'll not gonna stop betting if until you win or you lose your entire bankroll. Doubling your bet is best applied in games like sports betting, you can see the situation, especially in big games, so you'll never gonna have a long losing streak.

The formula here is simple, don't bet blindly but applied the right bankroll management, doubling your bet, don't use the complete martingale strategy.

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I would like to know from gamblers what they do instead of doubling the bet on loss, since martingale is so horrible. If you don't raise your bet after a loss, you are never going to make any profit from gambling. That is my perception on this matter. For this reason people use martingale, because they want to have a chance to make profit at least on short run.

If there were better ways to gamble, would martingale be so popular?

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Quote from: Silberman on June 18, 2021, 10:53:13 AM

The problem with personal experiences is that there is a lot of bias, if another member says that it has worked for them I believe them in the sense that I do not think they have suffered catastrophic losses yet, but the math is clear, martingale has been disproved mathematically over and over again as a technique that works as it does not change at all the probabilities of the game, taking this into account the only reasonable explanation for those that argue that it works is that they have simply not used the strategy long enough.

The problem with personal experiences is that people like to show their strengths and hide their weaknesses, which is why they will brag about winning and keep quiet about losing.
That is simply human nature, we like to display our strengths while hiding our weaknesses.

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Quote from: Pamadar on June 18, 2021, 01:27:38 PM

Quote from: Silberman on June 18, 2021, 10:53:13 AM

The problem with personal experiences is that there is a lot of bias, if another member says that it has worked for them I believe them in the sense that I do not think they have suffered catastrophic losses yet, but the math is clear, martingale has been disproved mathematically over and over again as a technique that works as it does not change at all the probabilities of the game, taking this into account the only reasonable explanation for those that argue that it works is that they have simply not used the strategy long enough.

Not greedy enough to suffer the long losing streak, those who got good balance maintaining their time of playing,

Just like what you have said, there's no correct answer always in between. even if there's someone who claimed that the strategy works for them, it doesn't convinced those who suffered big losses, and coming from majorities this system always bring heavy losses to the gamblers who lean on using this system.

Not really that believing much into those persons who do tell that martingale does work for them.They might able to pull out in the right time but for sure
majority of them does know that martingale strategy do sucks and does really generate more losses than wins and they cant really just accept the truth and trying out to be good looking into other gamblers eyes that it does work for them but the truth is that it doesnt really work.It is really varying on how you would really be handling out yourself on using strategies because theres no such thing on this world that gives out guarantee and that should be always be put up on someones mind so that they wont really be that expecting much.

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Quote from: Silberman on June 18, 2021, 10:53:13 AM

The problem with personal experiences is that there is a lot of bias, if another member says that it has worked for them I believe them in the sense that I do not think they have suffered catastrophic losses yet, but the math is clear, martingale has been disproved mathematically over and over again as a technique that works as it does not change at all the probabilities of the game, taking this into account the only reasonable explanation for those that argue that it works is that they have simply not used the strategy long enough.

Not greedy enough to suffer the long losing streak, those who got good balance maintaining their time of playing,

Just like what you have said, there's no correct answer always in between. even if there's someone who claimed that the strategy works for them, it doesn't convinced those who suffered big losses, and coming from majorities this system always bring heavy losses to the gamblers who lean on using this system.

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Quote from: tabas on June 15, 2021, 06:44:13 PM

Quote from: Silberman on June 15, 2021, 10:59:23 AM

Quote from: tabas on June 12, 2021, 02:34:28 PM

Quote from: Woodie on June 12, 2021, 09:54:10 AM

IMO the martingale strategy sacks because it's not for players on a budget and it never works and if the casino has set a limit on total amount that can be wagered in a single round , this strategy isn't any good.

Some gamblers who used that strategy said that it works for them but it's a fact that the majority who tried it can say that it's not an ideal strategy for us.
But for some, it works for them, they're on the budget and it's true that you need a certain amount of bigger budget for committing this strategy.

Those that argue that it works most likely did not use martingale long enough, people use martingale thinking that since the chances they are going to lose so many times in a row are so low that it is never going to happen, but that is not how probabilities work, the more you do something the more likely it becomes regardless of the chances this event has of happening, which means that sooner or later you are bound to lose that many times in a row and lose all your capital.

Well, can't argue with them if the experience is authentic but it's up for them to decide. If they really think that it's very well working for them then they have to make it work for them because as they say, it works for them.
I'm good with myself and don't want to try it even if they say that it's working for them. There might be some instances that they've actually lost a lot.

The problem with personal experiences is that there is a lot of bias, if another member says that it has worked for them I believe them in the sense that I do not think they have suffered catastrophic losses yet, but the math is clear, martingale has been disproved mathematically over and over again as a technique that works as it does not change at all the probabilities of the game, taking this into account the only reasonable explanation for those that argue that it works is that they have simply not used the strategy long enough.

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Quote from: Silberman on June 15, 2021, 10:59:23 AM

Quote from: tabas on June 12, 2021, 02:34:28 PM

Quote from: Woodie on June 12, 2021, 09:54:10 AM

IMO the martingale strategy sacks because it's not for players on a budget and it never works and if the casino has set a limit on total amount that can be wagered in a single round , this strategy isn't any good.

Some gamblers who used that strategy said that it works for them but it's a fact that the majority who tried it can say that it's not an ideal strategy for us.
But for some, it works for them, they're on the budget and it's true that you need a certain amount of bigger budget for committing this strategy.

Those that argue that it works most likely did not use martingale long enough, people use martingale thinking that since the chances they are going to lose so many times in a row are so low that it is never going to happen, but that is not how probabilities work, the more you do something the more likely it becomes regardless of the chances this event has of happening, which means that sooner or later you are bound to lose that many times in a row and lose all your capital.

Well, can't argue with them if the experience is authentic but it's up for them to decide. If they really think that it's very well working for them then they have to make it work for them because as they say, it works for them.
I'm good with myself and don't want to try it even if they say that it's working for them. There might be some instances that they've actually lost a lot.

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Quote from: Silberman on June 15, 2021, 10:59:23 AM

Quote from: tabas on June 12, 2021, 02:34:28 PM

Quote from: Woodie on June 12, 2021, 09:54:10 AM

IMO the martingale strategy sacks because it's not for players on a budget and it never works and if the casino has set a limit on total amount that can be wagered in a single round , this strategy isn't any good.

Some gamblers who used that strategy said that it works for them but it's a fact that the majority who tried it can say that it's not an ideal strategy for us.
But for some, it works for them, they're on the budget and it's true that you need a certain amount of bigger budget for committing this strategy.

Those that argue that it works most likely did not use martingale long enough, people use martingale thinking that since the chances they are going to lose so many times in a row are so low that it is never going to happen, but that is not how probabilities work, the more you do something the more likely it becomes regardless of the chances this event has of happening, which means that sooner or later you are bound to lose that many times in a row and lose all your capital.

Exactly and those people are just fore telling that it works but actually doesnt have the real experience on using it at all because if you do really make use of this strategy then you would surely tell that this one doesnt work unless if you do get out in profits but due to greed then you would really be asking for more and letting that auto run feature to last to run even more until you do saw your balance had blown away when a streak do happens.
Its not bad to make use of this strategy but for the sake of earning income or profits then better change up your mindset because this one wont
meet out the criteria.

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Quote from: qwertyup23 on June 12, 2021, 05:51:10 PM

While I do agree with some points that you raised, I do think that the Martingale system works for some people but its main purpose is not for profit, but for the realization of a quick recovery from losses.

Realistically speaking, the Martingale system requires a huge amount of capital in order to at least work because it will definitely eat a chunk of your money due to its exponential growth bet per bet. However, what separates this system from other systems is that the recovery that you made after a losing streak can be gained after a single bet. Some people use this system as a 'hail mary' kind of shot where this will be their last resort.

What is betting for if not to make a profit? It certainly isn't the pleasure of losing and it seems a bit naive to claim otherwise. Only a gambler who has lost control of all sense and reason (or maybe never had it in the first place) would see chasing losses with ever increasing amounts as a viable strategy. Due to the very nature of gambling you could easily string together many losses, but it becomes increasingly more unlikely that you will be able to keep doubling your bet before you reach an eventual win. Just like in stock market terms when discussing short selling or other leveraged contracts - "the market can stay irrational longer than you can stay solvent" is pretty much an identical case. There are also limits on the size of the bet that a casino/bookmaker would be willing to accept which would cripple the whole thing at the top level of play. What if you lose a $1 million bet and the house won't accept a $2 million bet for any number of reasons?

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Quote from: tabas on June 12, 2021, 02:34:28 PM

Quote from: Woodie on June 12, 2021, 09:54:10 AM

IMO the martingale strategy sacks because it's not for players on a budget and it never works and if the casino has set a limit on total amount that can be wagered in a single round , this strategy isn't any good.

Some gamblers who used that strategy said that it works for them but it's a fact that the majority who tried it can say that it's not an ideal strategy for us.
But for some, it works for them, they're on the budget and it's true that you need a certain amount of bigger budget for committing this strategy.

Those that argue that it works most likely did not use martingale long enough, people use martingale thinking that since the chances they are going to lose so many times in a row are so low that it is never going to happen, but that is not how probabilities work, the more you do something the more likely it becomes regardless of the chances this event has of happening, which means that sooner or later you are bound to lose that many times in a row and lose all your capital.

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Quote from: carlisle1 on June 14, 2021, 11:30:12 AM

Quote from: mirakal on June 14, 2021, 10:06:44 AM

No strategy that would guarantee you a win, gambling sites would easily adjust based on our fixed strategy, so as they adjust, we also have to change our strategy.

That's for real, gambling site knows how to adjust, there's no way that the system won't detect any working strategy,

better to make sure that you know how to stop when there's already some decent profits from the strategy that you are working.

We can always stop but that doesn't mean we will not come back anymore to gamble.
It's normal for gamblers to come back when he wins or even if he loses, that's why the reality still exist that we will lose in the long run.

Quote from: carlisle1 on June 14, 2021, 11:30:12 AM

Quote

The Martingale system is an old system, it's still currently used but this is the riskiest strategy and would make gamblers with a lack of experience before very greedy until they regret in the end.

Still in use from those who believes that doubling your bets each tie you lose can fasten the recovery of your loss, unknowingly that the numbers of

losing streak is also unknown, not unless you have unlimited bankroll, that's the only thing that it will work surely.

Unlimited bankroll would still not work, as mentioned above, the gambling site will adjust so limiting your bet is their way to battle your unlimited bankroll.

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Quote from: mirakal on June 14, 2021, 10:06:44 AM

No strategy that would guarantee you a win, gambling sites would easily adjust based on our fixed strategy, so as they adjust, we also have to change our strategy.

That's for real, gambling site knows how to adjust, there's no way that the system won't detect any working strategy,

better to make sure that you know how to stop when there's already some decent profits from the strategy that you are working.

Quote

The Martingale system is an old system, it's still currently used but this is the riskiest strategy and would make gamblers with a lack of experience before very greedy until they regret in the end.

Still in use from those who believes that doubling your bets each tie you lose can fasten the recovery of your loss, unknowingly that the numbers of

losing streak is also unknown, not unless you have unlimited bankroll, that's the only thing that it will work surely.

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Quote from: Hamphser on June 13, 2021, 05:40:30 PM

Quote from: tabas on June 13, 2021, 05:23:49 PM

Quote from: iv4n on June 13, 2021, 05:35:04 AM

Quote from: tabas on June 13, 2021, 05:22:12 AM

I've seen somewhere about that making some automatic bets with a good amount of bankroll. But the usual guy like me, it wouldn't work actually.
But I know that some guys who have understood and made the experience worth it, they really can work on it. Not as effective as others but somehow they can make profit it depending on the experience.

It's not about a good amount of bankroll, it's about making a good strategy for your bankroll, with an adequate base bet! So these guys I know, and I can call them professionals... they have VPS's, they run strategies 24/7! Can you imagine a strategy that works for the whole month?! They change strategy from time to time, but they never stop milking! Yea, they call it like that, milking coins... usually low-value coins, and when you think it's like mining!
It's hard to start something, it's even harder when you are short on money... but I strongly believe that with patience and dedication you can build your bankroll over time!

That's crazy to know that these professionals really are running something that I didn't know. That's good to know that there really are folks that have been making crazy moves like that.
It's like whenever the strategy they had didn't work, they'll just turn for the next one that they have and like rinse and repeat strategy whichever works for them.

Really hard to believe with those pro words in gambling or simply talks about strategy since using martingale wont really be giving out any guarantees that you would win even if you do let the VPS running and leave it right there because in martingale theres no such thing about infinite bankroll.

Only a few could make money out of martingale and only into those people who do get out when they are already in profits.

Always put up in mind that this strategy will surely wipe out your balance if a nasty losing streak would hit out.

No strategy that would guarantee you a win, gambling sites would easily adjust based on our fixed strategy, so as they adjust, we also have to change our strategy. The Martingale system is an old system, it's still currently used but this is the riskiest strategy and would make gamblers with a lack of experience before very greedy until they regret in the end.

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Quote from: tabas on June 13, 2021, 05:23:49 PM

Quote from: iv4n on June 13, 2021, 05:35:04 AM

Quote from: tabas on June 13, 2021, 05:22:12 AM

I've seen somewhere about that making some automatic bets with a good amount of bankroll. But the usual guy like me, it wouldn't work actually.
But I know that some guys who have understood and made the experience worth it, they really can work on it. Not as effective as others but somehow they can make profit it depending on the experience.

It's not about a good amount of bankroll, it's about making a good strategy for your bankroll, with an adequate base bet! So these guys I know, and I can call them professionals... they have VPS's, they run strategies 24/7! Can you imagine a strategy that works for the whole month?! They change strategy from time to time, but they never stop milking! Yea, they call it like that, milking coins... usually low-value coins, and when you think it's like mining!
It's hard to start something, it's even harder when you are short on money... but I strongly believe that with patience and dedication you can build your bankroll over time!

That's crazy to know that these professionals really are running something that I didn't know. That's good to know that there really are folks that have been making crazy moves like that.
It's like whenever the strategy they had didn't work, they'll just turn for the next one that they have and like rinse and repeat strategy whichever works for them.

Really hard to believe with those pro words in gambling or simply talks about strategy since using martingale wont really be giving out any guarantees that you would win even if you do let the VPS running and leave it right there because in martingale theres no such thing about infinite bankroll.

Only a few could make money out of martingale and only into those people who do get out when they are already in profits.

Always put up in mind that this strategy will surely wipe out your balance if a nasty losing streak would hit out.

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Quote from: iv4n on June 13, 2021, 05:35:04 AM

Quote from: tabas on June 13, 2021, 05:22:12 AM

I've seen somewhere about that making some automatic bets with a good amount of bankroll. But the usual guy like me, it wouldn't work actually.
But I know that some guys who have understood and made the experience worth it, they really can work on it. Not as effective as others but somehow they can make profit it depending on the experience.

It's not about a good amount of bankroll, it's about making a good strategy for your bankroll, with an adequate base bet! So these guys I know, and I can call them professionals... they have VPS's, they run strategies 24/7! Can you imagine a strategy that works for the whole month?! They change strategy from time to time, but they never stop milking! Yea, they call it like that, milking coins... usually low-value coins, and when you think it's like mining!
It's hard to start something, it's even harder when you are short on money... but I strongly believe that with patience and dedication you can build your bankroll over time!

That's crazy to know that these professionals really are running something that I didn't know. That's good to know that there really are folks that have been making crazy moves like that.
It's like whenever the strategy they had didn't work, they'll just turn for the next one that they have and like rinse and repeat strategy whichever works for them.

Topic: Why the martingale system sucks! (doubling down on losses) - page 6. (Read 3297 times)