Why the martingale system sucks! (doubling down on losses) - page 9.

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Quote from: swogerino on May 25, 2021, 03:39:21 AM

Even if someone has a really huge number of money and would want to use this strategy to win in gambling it is not possible.It is not possible because the casinos have put a maximum bet limit which you cannot go further and thus making Martingale not effective.

It is only effective if you know when to stop when you are winning, martingale is not a guaranty to win but there's a situation where you can quit with profit it may not be a big amount, but if you want to make money out of playing martingale that is a situation where you need to stop because if you continue the house edge is going to get you and beat your game and wipe out your bankroll.

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Quote from: uneng on May 21, 2021, 05:58:00 PM

Quote from: johhnyUA on May 21, 2021, 04:54:44 PM

Whaaaaat?
The most epic nonsense post from all what I've seen by this week.

1. What sense in such strategy if it's not about "winning"?
2. How mathematical probability depends on "what situation you're currently in"? If I'm in bad situation, then Martingale will better fit for me or not? Grin

3. "recover quicker" but wasting all your money with Martingale? Martingale isn't working so I doubt that you can recover even small amount of funds with it.
4. Most gamblers don't use this method. So they no need to know how it called.
5. I won't recommend it in any case if you don't want just to waste all your money in few spins.

Why nonsense? Martingale really doesn't guarantee profitability (winnings) on long run, but it can help you making profit for a while. If you are lucky and know when to stop, it's possible to make some profit thanks to this strategy. Martingale looks bad, but playing without martingale can be worse. Or maybe is there a better method to play I am not familiar with?

Please, re-read his post and my post. There is pretty clear questions from me to him. I hope he already "answered" to me (I've started to check if it so) because his post is a lot of nonsense, sorry.

P.S: No. Hope for the best is broken. Noone except you answered to me Undecided

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Quote from: fiulpro on May 24, 2021, 11:06:35 AM

What I do believe is that :
The system needs a lot of funds and a lot of bets to be able to make good profit for the long term and honestly no one has unlimited funds, nor do they have a lot of time. There was a YouTuber if I remember he used a lot of money and used a bot to place bets strategically whole night and at the end he was in loss.

Some things are good in theory but in practical they lack a lot of things. Therefore I do believe that the system is not something that you should count on. Use the probability. Simple and trustable.

Even if someone has a really huge number of money and would want to use this strategy to win in gambling it is not possible.It is not possible because the casinos have put a maximum bet limit which you cannot go further and thus making Martingale not effective.

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Quote from: Fredomago on May 24, 2021, 01:19:44 PM

Quote from: romero121 on May 24, 2021, 03:00:17 AM

Quote from: robelneo on May 24, 2021, 02:04:58 AM

Quote from: Fredomago on May 23, 2021, 01:44:14 AM

it's more on bankroll management and how you'll able to manage you emotions during the game.

I agree with this, it's hard to implement a martingale with a small bankroll if you can get an allocation of up to 12 losses in the roll you will have a good chance but it's not a guaranty that you can win I have set up 12 bets my bankroll was wiped out although I enjoy my session because it lasted almost an hour, if you want to have fun, martingale is a good method to implement because sometimes the session lasted for hours.

When it comes to gambling, it is all about luck. If we're lucky even with small bank roll we can be successful profiting big. Same time if the luck isn't on our side even with big bank roll we can end up losing big. In simple there are people who have lost big trying the martingale strategy with big bankrolls and ending up bankrupt.

In my opinion it is good to go with random moves than martingale strategy.

No doubts that you said it right, far better to play randomly than using this strategy that most of those users ended up losing a lot.

Find some luck with your own ways, whatever game you are into, either sports or casino based gambling, trying to use your own understanding with the game and hope that luck is behind you will give you a much interesting outcome.

When you lose, take the entertainment as a cause while when you win, enjoy your profits of success.

Depending on the situation. If I am confident with the bank roll I am having, I would probably use martingale than betting random moves Tongue

Of course, luck is a big factor in playing gambling, But using strategy gives me a bit of assurance or confidence to push through a bet rather than playing on random bets.

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Quote from: fiulpro on May 24, 2021, 11:06:35 AM

What I do believe is that :
The system needs a lot of funds and a lot of bets to be able to make good profit for the long term and honestly no one has unlimited funds, nor do they have a lot of time. There was a YouTuber if I remember he used a lot of money and used a bot to place bets strategically whole night and at the end he was in loss.

Some things are good in theory but in practical they lack a lot of things. Therefore I do believe that the system is not something that you should count on. Use the probability. Simple and trustable.

Even though its been known that no strategy works or does exist for you to end up to be profitable or in guaranteed manner but still people who do really hope and make use of these strats and believing that they could
really make out money if they tend to use it.

It is just really making the game long but the odds on busting would be the same so it isnt really worth for you to test it out unless if you are just really playing for the sake of entertainment
and making it long then its up to you but if you are targeting to make profits then better forget about it.

Martingale neither works or not but to think that once losing streak hits you then say goodbye into your account balance.

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Quote from: romero121 on May 24, 2021, 03:00:17 AM

Quote from: robelneo on May 24, 2021, 02:04:58 AM

Quote from: Fredomago on May 23, 2021, 01:44:14 AM

it's more on bankroll management and how you'll able to manage you emotions during the game.

I agree with this, it's hard to implement a martingale with a small bankroll if you can get an allocation of up to 12 losses in the roll you will have a good chance but it's not a guaranty that you can win I have set up 12 bets my bankroll was wiped out although I enjoy my session because it lasted almost an hour, if you want to have fun, martingale is a good method to implement because sometimes the session lasted for hours.

When it comes to gambling, it is all about luck. If we're lucky even with small bank roll we can be successful profiting big. Same time if the luck isn't on our side even with big bank roll we can end up losing big. In simple there are people who have lost big trying the martingale strategy with big bankrolls and ending up bankrupt.

In my opinion it is good to go with random moves than martingale strategy.

No doubts that you said it right, far better to play randomly than using this strategy that most of those users ended up losing a lot.

Find some luck with your own ways, whatever game you are into, either sports or casino based gambling, trying to use your own understanding with the game and hope that luck is behind you will give you a much interesting outcome.

When you lose, take the entertainment as a cause while when you win, enjoy your profits of success.

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Quote from: Ziskinberg on May 24, 2021, 10:05:25 AM

Quote from: romero121 on May 24, 2021, 03:00:17 AM

When it comes to gambling, it is all about luck.

It's not all about luck for me, otherwise, I would not bother studying and making my strategy in gambling.
I think it's only used as an exchange so we will not feel bad if we lose.

What you said won't be applicable all the time. Can you assure of the strategy that you've developed after long study will get you cent percent win on your bets. This isn't possible, and thats the reason I state gambling is all about luck.

Quote from: Ziskinberg on May 24, 2021, 10:05:25 AM

Quote from: romero121 on May 24, 2021, 03:00:17 AM

In my opinion it is good to go with random moves than martingale strategy.

Martingale is really sucked if you will follow the entire system, but you can use it in a game where your knowledge and skills will be applied, just like sports betting.

Knowledge and skills can be applied on sportsbet, apart from that what is the game in which knowledge and skills play its role.

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What I do believe is that :
The system needs a lot of funds and a lot of bets to be able to make good profit for the long term and honestly no one has unlimited funds, nor do they have a lot of time. There was a YouTuber if I remember he used a lot of money and used a bot to place bets strategically whole night and at the end he was in loss.

Some things are good in theory but in practical they lack a lot of things. Therefore I do believe that the system is not something that you should count on. Use the probability. Simple and trustable.

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Quote from: romero121 on May 24, 2021, 03:00:17 AM

When it comes to gambling, it is all about luck.

It's not all about luck for me, otherwise, I would not bother studying and making my strategy in gambling.
I think it's only used as an exchange so we will not feel bad if we lose.

Quote from: romero121 on May 24, 2021, 03:00:17 AM

In my opinion it is good to go with random moves than martingale strategy.

Martingale is really sucked if you will follow the entire system, but you can use it in a game where your knowledge and skills will be applied, just like sports betting.

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Quote from: romero121 on May 24, 2021, 03:00:17 AM

When it comes to gambling, it is all about luck. If we're lucky even with small bank roll we can be successful profiting big. Same time if the luck isn't on our side even with big bank roll we can end up losing big. In simple there are people who have lost big trying the martingale strategy with big bankrolls and ending up bankrupt.

In my opinion it is good to go with random moves than martingale strategy.

I'd agree with winning in terms of luck, but you can still skew that so that your entire session isn't filled with games that are reliant on luck. You can spread out your games evenly so that your bankroll could give you more chances of getting that 50/50s. It's like the difference between one huge bet with 50/50 chances of winning vs a multitude of bets with the same chances of winning. Granted that the chances are the same, going for the one with multiple bets instead of one huge bet could help you in minimizing the losses you could possibly gain. Achieving a loss of $50 on the first scenario is a guarantee, but the loss in the second scenario could potentially be $45, or maybe less than, but the maximum would never go past $50 so why not try it right?

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Quote from: robelneo on May 24, 2021, 02:04:58 AM

Quote from: Fredomago on May 23, 2021, 01:44:14 AM

it's more on bankroll management and how you'll able to manage you emotions during the game.

I agree with this, it's hard to implement a martingale with a small bankroll if you can get an allocation of up to 12 losses in the roll you will have a good chance but it's not a guaranty that you can win I have set up 12 bets my bankroll was wiped out although I enjoy my session because it lasted almost an hour, if you want to have fun, martingale is a good method to implement because sometimes the session lasted for hours.

When it comes to gambling, it is all about luck. If we're lucky even with small bank roll we can be successful profiting big. Same time if the luck isn't on our side even with big bank roll we can end up losing big. In simple there are people who have lost big trying the martingale strategy with big bankrolls and ending up bankrupt.

In my opinion it is good to go with random moves than martingale strategy.

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Quote from: Fredomago on May 23, 2021, 01:44:14 AM

it's more on bankroll management and how you'll able to manage you emotions during the game.

I agree with this, it's hard to implement a martingale with a small bankroll if you can get an allocation of up to 12 losses in the roll you will have a good chance but it's not a guaranty that you can win I have set up 12 bets my bankroll was wiped out although I enjoy my session because it lasted almost an hour, if you want to have fun, martingale is a good method to implement because sometimes the session lasted for hours.

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Quote from: radjie on May 23, 2021, 10:06:59 AM

Quote from: xSkylarx on May 21, 2021, 07:18:55 PM

Martingale is a double-edged strategy. You double your bet everytime you lose and with this strategy you can easily recover your loses from the previous bet in just a single win but if luck is not on your side, your capital can still be all eaten if you keep hitting lose streaks. I've tried this technique when I was new in crypto gambling and it only works once. And if you manage to double your bankroll using this strategy I suggest that to stop playing or else the house will get back what you've won.

The martingale technique is often used by gamblers, even a technique like this is called the classic technique. the goal is to recover losses by multiplying the stakes, but some people believe that this kind of strategy does not guarantee that they can recover losses because most likely if we continue to carry out the existing Martingale strategy will continue to make us curious. but most of these methods only bring us closer to bankruptcy because they can drain capital on an ongoing basis

It is hard to recover from gambling, even if we try to use any method or strategies because gambling is not designed to give winning to the gamblers. The casino will be the last winner and takes the gambler's money, but if you are lucky, you can recover your losses and profit from gambling. When you feel curious, you can spend more money without remembering how much money you already lost. It is better to have control and not try to recover if we are not ready to lose more money.

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Quote from: xSkylarx on May 21, 2021, 07:18:55 PM

Martingale is a double-edged strategy. You double your bet everytime you lose and with this strategy you can easily recover your loses from the previous bet in just a single win but if luck is not on your side, your capital can still be all eaten if you keep hitting lose streaks. I've tried this technique when I was new in crypto gambling and it only works once. And if you manage to double your bankroll using this strategy I suggest that to stop playing or else the house will get back what you've won.

The martingale technique is often used by gamblers, even a technique like this is called the classic technique. the goal is to recover losses by multiplying the stakes, but some people believe that this kind of strategy does not guarantee that they can recover losses because most likely if we continue to carry out the existing Martingale strategy will continue to make us curious. but most of these methods only bring us closer to bankruptcy because they can drain capital on an ongoing basis

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Quote from: Saisher on May 22, 2021, 06:13:53 PM

Quote from: tabas on May 21, 2021, 05:03:37 PM

Yes, it's effectiveness will depend on the person that uses the strategy. If he's aware what shall it bring in the long term, then he's using the strategy well.
But there are a lot of gamblers that do this because they've just heard it and wanting to try it because they've heard that it's going to give them vast of profit.

Until they found out that it will not work, the idea is good but will not work in the long run, I have experienced a long losing streak of 15 and with that number of losing roll it's hard to keep up, so if you are going to use martingale expect a situation where you are going to experience a long streak of loss if you are going to use it prepare to have a huge bankroll.

Very true. It's been proven and said that it won't work in the long run and it will just make you dry out of funds. The longer you lose, the higher amount that you need to sustain if you're going to trust the strategy. But as the usual gambler does, if it's too much already, you don't count on it and just try another strategy or just go again with the usual way of gambling that really works.

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Quote from: Fredomago on May 23, 2021, 01:44:14 AM

Quote from: semobo on May 22, 2021, 02:12:09 AM

Quote from: uneng on May 22, 2021, 12:36:13 AM

Snip--

Because I see everyone blaming martingale, but no one indicates a better method to be used.

There is no such strategy in the gambling, its purely a luck or we can say as coincidence. What we are saying is if you find difficult to recover your loss and decided to go with martingale since you heard that it can help you with recovering the losses but the strategy you are going to cause you more losses if the luck is not on your side.

Yeah right, not because the strategy works for you means that it will also work to everyone. Martingale though is the most common
and most talk in this field.

So expect that this will be the basis and much being hated especially by those frustrated gamblers who try using this and lose a lot of bankroll.

it's more on bankroll management and how you'll able to manage you emotions during the game.

Everyone is free to use any strategy when gambling, and usually everyone has a different strategy. Because indeed the strategies we use are
not necessarily successful when used by other people. Therefore, please try all the strategies that we know, then we will be able to judge
for ourselves which strategy suits us. With regard to martingale, it is a general strategy that I believe has been used by most people in
the gambling world. And what we have to know is that there is no single strategy that can be used in the long term when playing gambling.
Because in the end if we don't limit ourselves when playing gambling, then whatever strategy we use, surely we will experience losses until
our capital runs out.

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Quote from: uneng on May 21, 2021, 05:58:00 PM

Why nonsense? Martingale really doesn't guarantee profitability (winnings) on long run, but it can help you making profit for a while. If you are lucky and know when to stop, it's possible to make some profit thanks to this strategy. Martingale looks bad, but playing without martingale can be worse. Or maybe is there a better method to play I am not familiar with?

unfortunately, not all of us can stop at the right time, some gamblers think that they should hit while the iron is hot to gain all their past losses, they think it's the best time to make a profit after their losses in the past, it's a trap that many of us failed to pass, I've been a victim of this so many times.

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Quote from: semobo on May 22, 2021, 02:12:09 AM

Quote from: uneng on May 22, 2021, 12:36:13 AM

Snip--

Because I see everyone blaming martingale, but no one indicates a better method to be used.

There is no such strategy in the gambling, its purely a luck or we can say as coincidence. What we are saying is if you find difficult to recover your loss and decided to go with martingale since you heard that it can help you with recovering the losses but the strategy you are going to cause you more losses if the luck is not on your side.

Yeah right, not because the strategy works for you means that it will also work to everyone. Martingale though is the most common
and most talk in this field.

So expect that this will be the basis and much being hated especially by those frustrated gamblers who try using this and lose a lot of bankroll.

it's more on bankroll management and how you'll able to manage you emotions during the game.

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Quote from: Saisher on May 22, 2021, 06:13:53 PM

Until they found out that it will not work, the idea is good but will not work in the long run, I have experienced a long losing streak of 15 and with that number of losing roll it's hard to keep up, so if you are going to use martingale expect a situation where you are going to experience a long streak of loss if you are going to use it prepare to have a huge bankroll.

I call it 'stretch' where the martingale strategy sucks out every inch of your balance and stretches the bets till the complete bankroll busts. I don't like martingale as, because of this strategy, I have lost many btc in the past and the number exceeds 20. Cry

I was a huge fan of dice games and played at 999dice where I won 20 btc with a bot I applied there. I also withdrew it because btc price was peanuts then, but today I regret that I lost 20 btc at Primedice following this martingale with my base bet of just 100 satoshis.

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Quote from: tabas on May 21, 2021, 05:03:37 PM

Yes, it's effectiveness will depend on the person that uses the strategy. If he's aware what shall it bring in the long term, then he's using the strategy well.
But there are a lot of gamblers that do this because they've just heard it and wanting to try it because they've heard that it's going to give them vast of profit.

Until they found out that it will not work, the idea is good but will not work in the long run, I have experienced a long losing streak of 15 and with that number of losing roll it's hard to keep up, so if you are going to use martingale expect a situation where you are going to experience a long streak of loss if you are going to use it prepare to have a huge bankroll.

Topic: Why the martingale system sucks! (doubling down on losses) - page 9. (Read 3303 times)