Topic: Why the martingale system sucks! (doubling down on losses) - page 8. (Read 3297 times)

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.

If we want to make a profit, I really agree that sports betting is much better than Dice or Slots, because if we have good knowledge and experience
in the world of sports. The opportunity to make a profit is much greater than playing Dice or Slot. That's why I always say playing Dice or Slots is
just for entertainment and not to make money. Because the winning percentage is 50-50, so there is no effective strategy to win when playing Dice or Slot.

Nothing beats out on strategic kind of games when it comes to sustainability in terms of profits because strategic based ones does have much higher chance on earning profit depending on how you do make out bets and your winning rate.There are people whom do really mind on making money rather than on getting some entertainment and also there are people whom do love to see profits in a short time scale than on longer one and this is why they do play on fast pace games
which would give out instant result and using up countless numbers of strategies where they do believe that it might work.

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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,

You've compared a game of luck/probability to a game that needs analysis but still with a need of luck because you'll also hope that the team or person you bet must win. But it is true that your chance of winning in sports betting is higher than in those games of luck.

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.

I've also some friends who are doing well in sports betting and they keep on sharing their wins including their losses. And their stats are incredible.

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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.

If we want to make a profit, I really agree that sports betting is much better than Dice or Slots, because if we have good knowledge and experience
in the world of sports. The opportunity to make a profit is much greater than playing Dice or Slot. That's why I always say playing Dice or Slots is
just for entertainment and not to make money. Because the winning percentage is 50-50, so there is no effective strategy to win when playing Dice or Slot.

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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.

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.

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Quote from: Sanitough on June 11, 2021, 05:22:22 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.

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Quote from: justdimin on June 08, 2021, 07:23:45 AM

Quote from: justdimin on June 08, 2021, 07:23:45 AM

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

That's really unlucky, losing 10 bets in a row must have hurt especially when the base bet is a dollar and you are doubling the amount each time. This is where martingale stings since you have no option but to keep increasing your bets otherwise you won't be able to recover the losses. Personally, if you ask me, I would have made a few $5 bets after losing like 5 bets to cover some balance and then try for a big one later when I face another bad streak. It's hard to stop though when you are losing because it feels like a win is at the edge.

Now imagine if you had a 10-win streak and you were playing with the same base bet of a dollar, you would have only profited 10 bucks. With 10 losses you already lost around ~$400 so that is where the problem lies with martingale strategy, you win small but lose big with a cold streak.

Honestly, I would not think based on luck, I'll think based on probability, martingale is really sucked if you are using it for a huge number of settings as the house edge will still rule, however, if you use it to bet on a certain spot in sports, then I think you'll have success.

Is there anyone here making some experiments in sports betting using the same strategy?

Can you compare it to the outcome of playing the luck-based type of games?

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.

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Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

That's really unlucky, losing 10 bets in a row must have hurt especially when the base bet is a dollar and you are doubling the amount each time. This is where martingale stings since you have no option but to keep increasing your bets otherwise you won't be able to recover the losses. Personally, if you ask me, I would have made a few $5 bets after losing like 5 bets to cover some balance and then try for a big one later when I face another bad streak. It's hard to stop though when you are losing because it feels like a win is at the edge.

Now imagine if you had a 10-win streak and you were playing with the same base bet of a dollar, you would have only profited 10 bucks. With 10 losses you already lost around ~$400 so that is where the problem lies with martingale strategy, you win small but lose big with a cold streak.

Honestly, I would not think based on luck, I'll think based on probability, martingale is really sucked if you are using it for a huge number of settings as the house edge will still rule, however, if you use it to bet on a certain spot in sports, then I think you'll have success.

Is there anyone here making some experiments in sports betting using the same strategy?

Can you compare it to the outcome of playing the luck-based type of games?

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Quote from: Fredomago on June 07, 2021, 04:52:27 PM

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

That's really unlucky, losing 10 bets in a row must have hurt especially when the base bet is a dollar and you are doubling the amount each time. This is where martingale stings since you have no option but to keep increasing your bets otherwise you won't be able to recover the losses. Personally, if you ask me, I would have made a few $5 bets after losing like 5 bets to cover some balance and then try for a big one later when I face another bad streak. It's hard to stop though when you are losing because it feels like a win is at the edge.

Now imagine if you had a 10-win streak and you were playing with the same base bet of a dollar, you would have only profited 10 bucks. With 10 losses you already lost around ~$400 so that is where the problem lies with martingale strategy, you win small but lose big with a cold streak.

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Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

https://i.imgur.com/6v0I8iU.jpg

Cold streak and hot streak do happen in gambling, the martingale method sucks because it does not challenge you, instead of choosing how to win your bet, you are more focused on your bankroll management which is very aggressive. We do not need to complicate things, it's said before and the same truth is what we have until now, and that is your chance to win using this method is only if you have an infinite bankroll and gambling sites does not limit your bet.

Losing streak always present and by using this method chances of losing everything inside your bankroll is very possible, martingale sucks up everything once red losing streak start to show up.

It's better to have your own way of playing and build a good strategy while managing your bankroll, experienced will help if you are indeed good in controlling your emotions.

Shit happened and most of the gamblers who used martingale method knew about it but continue to try finding their luck.

Rather than losing through a strategy that is successful only for infinite bankroll, it is good to make something new. Martingale is a failed strategy for users who don't have good bankroll. With this amount he could've experimented something new. Gambling is fun, only when you find success in it. So, when you find it isn't bringing success better way is to stand away.

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Quote from: carlfebz2 on June 07, 2021, 04:48:41 PM

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

https://i.imgur.com/6v0I8iU.jpg

Cold streak and hot streak do happen in gambling, the martingale method sucks because it does not challenge you, instead of choosing how to win your bet, you are more focused on your bankroll management which is very aggressive. We do not need to complicate things, it's said before and the same truth is what we have until now, and that is your chance to win using this method is only if you have an infinite bankroll and gambling sites does not limit your bet.

Losing streak always present and by using this method chances of losing everything inside your bankroll is very possible, martingale sucks up everything once red losing streak start to show up.

It's better to have your own way of playing and build a good strategy while managing your bankroll, experienced will help if you are indeed good in controlling your emotions.

Shit happened and most of the gamblers who used martingale method knew about it but continue to try finding their luck.

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Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

https://i.imgur.com/6v0I8iU.jpg

Cold streak and hot streak do happen in gambling, the martingale method sucks because it does not challenge you, instead of choosing how to win your bet, you are more focused on your bankroll management which is very aggressive. We do not need to complicate things, it's said before and the same truth is what we have until now, and that is your chance to win using this method is only if you have an infinite bankroll and gambling sites does not limit your bet.

Actually on point and true on where i do have observed that in martingale strategy on where you do really end up on focusing on bankroll management since you do need to patch up and make out adjustment for your bankroll not to be busted up directly.

When it comes to infinite bankroll then this only exist on dreams and also about limitation is something out since majority of people who would make
use of martingale will surely stick out lowest base bet as possible to utilize their bankroll as possible.

This is a common strategy but lots does have different impression towards this where it do guaranteed profits which is really wrong.

This strategy will lose our discipline, it will make us greedy to chase our losses and win more, that is not the principle to be followed in gambling. Be discipline and gamble only based on your limit, also, winning should not be instant, if we want to be successful, we should be discipline with our bankroll management and choose the game that would give us a chance to use our skills, obviously it should not be a luck-based type of game.

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Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

https://i.imgur.com/6v0I8iU.jpg

Cold streak and hot streak do happen in gambling, the martingale method sucks because it does not challenge you, instead of choosing how to win your bet, you are more focused on your bankroll management which is very aggressive. We do not need to complicate things, it's said before and the same truth is what we have until now, and that is your chance to win using this method is only if you have an infinite bankroll and gambling sites does not limit your bet.

Actually on point and true on where i do have observed that in martingale strategy on where you do really end up on focusing on bankroll management since you do need to patch up and make out adjustment for your bankroll not to be busted up directly.

When it comes to infinite bankroll then this only exist on dreams and also about limitation is something out since majority of people who would make
use of martingale will surely stick out lowest base bet as possible to utilize their bankroll as possible.

This is a common strategy but lots does have different impression towards this where it do guaranteed profits which is really wrong.

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