Why the martingale system sucks! (doubling down on losses) - page 7.

shield132

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Quote from: qwertyup23 on June 12, 2021, 04:51:10 PM

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.

If you are going to implement this you should know the risk and the number of losses that you can take before you regain all your losses, the beauty of martingale is you just need one roll to regain all your previous losses even if it takes up to 15 rolls as long as you have enough bankroll to counter the loss rolls, whales and high rollers are already doing this.

Do you really think that there is just a blind structure and nice name behind the casino games? There is the mathematics behind everything. You really play with luck against the casino, not with your high bankroll.

Anyone can download MyDiceBot and test martingale or any other strategy with unlimited bankroll and bets. But you guys forgot one thing, 1% house edge is here and it's not going to run away. Mathematically, you can't beat the house edge. You can only win with fortune.

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

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!

The hardest thing to do when you are using martingale is bankroll, you cannot do it with a small amount, you should be ready to lose in a small bankroll you are lucky if you profit with a small amount, I never do martingale if I can only reach 10 succeedings loses it should be above ten, or you will be wiped out but if you want to have fun and take a chance then it's good to try it.

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Quote from: tabas on June 13, 2021, 04:22:12 AM

Quote from: iv4n on June 12, 2021, 04:06:36 PM

Quote from: tabas on June 12, 2021, 01:34:28 PM

Quote from: Woodie on June 12, 2021, 08:54:10 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!

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Quote from: iv4n on June 12, 2021, 04:06:36 PM

Quote from: tabas on June 12, 2021, 01:34:28 PM

Quote from: Woodie on June 12, 2021, 08:54:10 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.

It can be bad if you have a small bankroll and high base bet! With martingale, it's all about bankroll/base bet ratio! Now, most casinos offer very low minimum bet, so even with 10-20 dollars you can play some strategy and make some profit! But if you wish to be safe that profit will be small! With the lower base bet, you can be safer, but that also means a lower profit!
And people who like dices should check casinos with more settings for auto betting! It's hard to create and run a good strategy with just a few settings for auto betting!!

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.

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Quote from: bittraffic on June 12, 2021, 11:39:07 PM

I'm quite surprised to learn that the martingale strategy is also used in sports betting. I have never done that before, it's usually just for dice that I tried doing it. And do you consider the bettings odds, how do you calculate that for the strategy?

It's always going to be luck combined with strategy if you have one. Martingale is actually a calculated strategy, it works for some and it doesn't for others.

The idea is the same.

If you are betting on a game where your potential profit is 100%, you double your wager next time if you lose.

Let's say it is a football game.

Team A's win pays x1.2
Draw pays x3
Team B's win pays x2

If you bet on Team B and lose, next time you find another game that pays the same amount but double your wager till you win.

I can't say it is a brilliant strategy though.

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Quote from: bittraffic on June 12, 2021, 11:39:07 PM

I'm quite surprised to learn that the martingale strategy is also used in sports betting. I have never done that before, it's usually just for dice that I tried doing it. And do you consider the bettings odds, how do you calculate that for the strategy?

It's always going to be luck combined with strategy if you have one. Martingale is actually a calculated strategy, it works for some and it doesn't for others.

I'm actually also quite curious about this. Sports betting often changes odds depending on who the team is against so it isn't really that easy to actually do the martingale strategy, since the amount of money that is lost and won would differ by game. Also, I'd really say that Martingale isn't a strategy that works for some and doesn't for others, the only factor here that really affects whether the strategy works is if you have a big enough bankroll. It always works, that's guaranteed, theoretically anyway. It just differs from person to person due to the circumstances they started the strategy with.

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Quote from: BuNga_cute on June 12, 2021, 01:58:16 AM

Usually people who use the Martingale strategy to pursue losses that have been experienced, and hopes to make up for the loss by doubling
the amount of the bet. But the fact is that many people end up losing all their money, because they use the Martingale strategy. At least I lost
thousands of dollars because I used the martingale strategy, and I have to admit that learning to gamble had to be the hard way. No exception
with sports betting, quite a lot of people use the martingale strategy. After the bet on the first match is lost, in the next match will double the bet,
until finally the capital owned runs out. If anyone succeeds in using the martingale strategy, it is only because that person is lucky. But if used
in the long term it will eventually lose too.

I'm quite surprised to learn that the martingale strategy is also used in sports betting. I have never done that before, it's usually just for dice that I tried doing it. And do you consider the bettings odds, how do you calculate that for the strategy?

It's always going to be luck combined with strategy if you have one. Martingale is actually a calculated strategy, it works for some and it doesn't for others.

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Quote from: qwertyup23 on June 12, 2021, 04:51:10 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.

The Martingale strategy is not meant to be used long term. Now many people have misunderstood that there really isn't a really reliable strategy
when playing gambling. If anyone succeeds in using the Martingale strategy, they should immediately stop playing gambling right away.
Because if we continue, we will suffer losses in the end, we can even lose all the money we have. And using a large amount of capital when using
the Martingale strategy does not guarantee success. I say that because I experienced it myself, I have tried the martingale strategy in several
gambling games and it ended badly. So some people who have been successful using that martingale strategy are just lucky to stop at the right time,
if continued in the long term will eventually lose too.

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Quote from: qwertyup23 on June 12, 2021, 04:51:10 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.

This makes no sense.

Sure, with one bet you could recover your streak of losses, but how did you end up in this predicament in the first place? It was through the martingale system, and doubling down on each of your previous losses.

Your EV is precisely the same whether or not you play through the martingale system. Your chances of recovering from a loss does not change whatsoever. The speed at which you do so does not change either.

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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.

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Quote from: tabas on June 12, 2021, 01:34:28 PM

Quote from: Woodie on June 12, 2021, 08:54:10 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.

as it's not for a long run strategy it really don't usually works like that, did this many times when I was still playing dice games,I also told everybody it worked for me and having many funds is the key still I didn't enjoy doing that after sometime, that's one of the reason why I switched on playing slots as it also never gave me a better winning unlike what slots have gave me this past months,...

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Quote from: tabas on June 12, 2021, 01:34:28 PM

Quote from: Woodie on June 12, 2021, 08:54:10 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.

It can be bad if you have a small bankroll and high base bet! With martingale, it's all about bankroll/base bet ratio! Now, most casinos offer very low minimum bet, so even with 10-20 dollars you can play some strategy and make some profit! But if you wish to be safe that profit will be small! With the lower base bet, you can be safer, but that also means a lower profit!
And people who like dices should check casinos with more settings for auto betting! It's hard to create and run a good strategy with just a few settings for auto betting!!

tabas

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Quote from: Woodie on June 12, 2021, 08:54:10 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.

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Quote from: Saisher on June 11, 2021, 04:48:13 PM

Quote from: Natalim on June 11, 2021, 04:40:37 PM

I've done that experiment before using dice games and sports betting as the reference and it does not end well as I lose money on both, but the only difference is that my bankroll got easily busted in dice than in sports betting because the result in dice is instant and in sports betting you can still watch and game and waste some time since you'll just lose your money in the end.

You have a better chance to win in sports betting than dice and other similar games like slot, the house edge has a factor on these games compare to sports betting where you have a good chance to win by analyzing the game, I have a friend whop wants to make money in gambling and he shifted from playing dice to betting in sports betting and so far he is doing good.

While it is true that you can use your knowledge about a particular sport to increase your chances of winning at the same time you need to understand that the house edge of each match can be different so if you like to bet on markets that are not really popular the house edge is going to be higher than what you find in the game of dice and this means that you could lose your money even faster in terms of the number of bets that you make than in the game of dice.

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Quote from: Sanitough on June 12, 2021, 10:50:11 AM

Quote from: acquafredda on June 12, 2021, 08:48:50 AM

The worst thing that happens with the martingale is that, especially if you start with a large bankroll, you create that false perception of security that the OP talks about and that is nothing but the psychological mechanism that then leads one to lose everything he has.
So, once and for all, absolutely avoid the martingale as a strategy.

Avoid it if you don't have the discipline, but the fact that you have a huge bankroll should mean you are also ready to lose your entire bankroll when you get a cold streak, well, it could happen in gambling so be realistic with that.

This kind of bankroll management is very risky, it's a high-risk strategy that could make us stop as soon as it consumes our entire bankroll.

Actually, I also got busted many times in the past using this strategy, but I'm still using it but not completely the martingale method.

Been using up several type of martingale system and im really a fan on finding out on how a certain strategy do make out some ways on how to make profits.

Double on loss is something way more riskier rather than on simply make out 2x multiplier bets and you can really tell the differences between strategies until you
do realized that nothing do works for long term.

Thing here is that you do know on how to accept the reality and don't force out that there is really a working strategy because nothing could really works on
gambling field. Everything would really be mattering on chances.

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Basically every system in the Roulette scene is loss making. it may go well for a while, but sooner or later it goes wrong. And then things go wrong. The martingale system has already been tested and tried by many people. The biggest problems people often encounter are the limits. If it hits red 10 times in a row, then you have a serious problem. And if you then calculate how much money you have to bet the 11th time to win it back. The idea behind the system is good, but in the long run the house always wins. You should see that more as entertainment entertainment.

ya.ya.yo!

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Quote from: acquafredda on June 12, 2021, 08:48:50 AM

The worst thing that happens with the martingale is that, especially if you start with a large bankroll, you create that false perception of security that the OP talks about and that is nothing but the psychological mechanism that then leads one to lose everything he has.
So, once and for all, absolutely avoid the martingale as a strategy.

Avoid it if you don't have the discipline, but the fact that you have a huge bankroll should mean you are also ready to lose your entire bankroll when you get a cold streak, well, it could happen in gambling so be realistic with that.

This kind of bankroll management is very risky, it's a high-risk strategy that could make us stop as soon as it consumes our entire bankroll.

Actually, I also got busted many times in the past using this strategy, but I'm still using it but not completely the martingale method.

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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.

Quote

You have a better chance to win in sports betting than dice and other similar games like slot, the house edge has a factor on these games compare to sports betting where you have a good chance to win by analyzing the game,

If you apply this on sports betting you are likely to chase your losses, because if you are to win consistently then it has to be the smaller odds and secondly these don't always win Tongue

.
Everything pretty much points at having luck on your side and not strategies.

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The worst thing that happens with the martingale is that, especially if you start with a large bankroll, you create that false perception of security that the OP talks about and that is nothing but the psychological mechanism that then leads one to lose everything he has.
So, once and for all, absolutely avoid the martingale as a strategy.

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Quote from: Hypnosis00 on June 12, 2021, 06:37:56 AM

Quote from: smyslov on June 12, 2021, 01:09:09 AM

Quote from: FatFork on June 11, 2021, 05:00:58 PM

Sports betting can be more successful than dice gambling, but generalizing it like that is wrong. It's impossible to say someone will be more successful at sports betting than dice gambling.
Sports betting requires expertise, dedication, and knowledge in order to be able to gamble successfully. Otherwise, it all comes down to mere luck just like with dice gambling.

Sports betting is good if you have the time but people gamble because of the urgency to satisfy their feelings, I'm not into sports betting but I play dice anytime and wats to know if I can make money right away on sports bettings sometimes you'll have to wait for hours and days to get the results, sports bettings is for those who want to make money while games like dice are for the gambler who wants quick results.

It depends on your game and interest, if you love sports betting then it will certainly give you satisfaction. The good thing with sports betting is you can verify it by watching the game and it will give more entertainment which will make you also more confident on the amount you'll stake.

Regardless of the game, bankroll management is very important.

If you are using a martingale strategy, then it should not give you a problem if you just follow the rule which is to gamble what you can afford to lose only. As a responsible gambler we should know that and since we have our personal interest, no one can judge us that what we are doing is not gonna made us win.

Topic: Why the martingale system sucks! (doubling down on losses) - page 7. (Read 3306 times)