Bitcoin Forum

How many of you have used the Martingale System for Gambling ?
Is it profitable ?
Share your experiences with it below !

It is profitable for the casino where you play at because you will lose all your money.  :)

I've made something like 400k rolls 'martingaling', could lose 22 in a row, if I recall correctly, didn't bust, but with so many rolls the probability of busting is already quite high.

it can be profitable if you're lucky and know when to stop. most of the time it is not profitable though.


I got 26 losses in a row once. granted it happened on a questionable site (999dice). but I still think that's possible. lost about 1.5BTC (iirc) that I got from the same site.

When I first try it i won but in the long run, i lost in overall. I dont know but maybe its in configurations etc. You have to test in minimal amount and observed. I know someone who win using Martingale.

I think the record on just-dice was 34 losses at 49.5%. Technically, you could have infinite losses, but this is not very probable.

Mathematically it isn't. According to my experience it can be profitable is the short term, but certainly not in the long (or even medium) term.

wow. that's got to be a lot of losses even if you start with 1 satoshi. if you multiply by 2 on each loss you'll bust, how much, around 150 300BTC? my head hurts just thinking about that.

I lost 17 consecutive times using martingale system on a 1% house edge a year ago so I guess it can profitable at one point but be careful on using it too much for it will hit you hard.

It depends on your luck mate. I your lucky then it can.
Martingale is risky tho. If you have a low bankroll, you can eventually loose everything with martingle if you got consecjtive looses.

Martingale can be bot profitable and not profitable, it depends on one factor only called by "luck". When you have a good luck, so you will get some profit but if you have bad luck the you will lose all your money in some losses streak.

all gambling strategy based of your luck and for Martingale strategy i had use this strategy several times but my bets results is lost and might be i don't have much luck during use Martingale strategy

Initially it is profitable, but henceforth always lose. and really work on short-term.

It depend of your luck if you can make profit with martingale in my experience  some times i can make profit but not always.. You can always lose if you do martingale everyday.. martingale is the best for sports betting because its easy to predict than use it in dice game..

no. no no no no no. no.
it's still depends on your luck. you can bust on the first try. so no, it doesn't really work on short-term.

At first it will works for a while the bookmakers will let you enjoy winning but greediness was built in with us, so in the long run you will lose it all, martingale will only profitable to those who knows when to stop even in the small amount of winning.

As most people have said on here.  It is probably profitably in the very short term, but in the long run you are more and more likely to lose x amount of hands in a row so you will more than likely lose all your money before you gain a good amount or enough to quit.

Even when martingale work in short term, many people lure to do it continuously which make it long term = not work.
So basically doing martingale system wouldn't earn you any profit, never try it because I have tried it in 50/50 chance game like roulette, baccarat etc. And lost all of my money.

Well it did work to some but the percentage of those people who succeeded is very small compared to those who lost using the same system.

Martingale in my opinion is system not designed to make you win as many people would think, but rather designed to diminish your loses.
And that's it. Be extremely careful about using martingale it can ruin you and eat your whole bankroll during extended sessions.

In my experience not only Martingale but what ever strategy you are using in Dice will not be profitable in long term, only short term profit will be their . I used to play dice but i use to change the strategy frequently according to the game going, that is why i come out in profit in short and stop playing for that day and start next day with new strategy. Like this way you can be in profit if you change your strategy and play in gambling.

It is very profitable for gambling site owners - fast profit without any problem.  ;) With martingale you can looose fast and effective, except if you have several hundreds BTC for playing - but even then I think you can loose them fast with martingale.  ;D

i have used martingale method for almost all of my gamblings on dice, and i have to say that there is always a big losing streak around the corner waiting to happen which will bankrupt you.

I can say that martiangle can make easy profit in short term and not long term. But if you're in bad luck, you're also experience loss.
As far as my experience playing martiangle, I'm obtain some profit but in low amount since I'm ever experience that I'm loss all of my profit.
So my advice are : make your goal profit with reasonable amount, stay away from greed and Good Luck that profit will come without being expected !

Instead of martingale I would rather recommend using another variation of similar (in theory) system - Paroli.
Paroli is a system, which rather than decreasing the wager on a win like the Martingale method, increases the wager after a win.
It involves doubling your wager after a win and resetting it back to your original wager after a loss, and after 3 consecutive wins, going back to your original wager.
I prefer this method because it is less risky than martingale and I like small but consistent wins.

I've seen a lot of high rollers do that (people call that reverse martingale. same thing?). some of them win big and others lost miserably. still not much different from martingale as it relies on a winning streak and losing even once can cost a lot (in martingale one long losing streak can do the job but it is less likely to happen.).

Martingale ouuchh martingale who dumb enough practice this useless method, it's just will suck your money.
Even einstein said “No one can possibly win at roulette unless he steals money from the table while the croupier isn’t looking.” when there is a trend people use martingale betting system.
See that? martingale = suicide

Yes, that is right Paroli is called a reverse Martingale. And both systems are flawed and risky.
The major problem is that the chance of you losing at any one given time doesn't change.
But if someone isn't experienced with probability, the plan seems great. After all what is the chance of you losing 5, 10, 15 times in a row?

martingale is profitable in short term not long term because in the end the house always win.

This one work if gamers knew the limitation of gambling, much better than martigales in the sense of you already won the price you just have to stop and not being greedy to seek for a bigger winnings, maybe after 2 or 3 consecutive winnings you need to stop.

martingale its a beutifull lady that when the time come will eat your money and soul :)

I saw some dicer make profit using martingale 24/7 taking big risk on a small profit. Martingale can be profitable if you have a big bankroll like you can survive 45 lose streak. Plus bonus wagered commision if you are smart enough ☺

In my experience, it would only be profitable if the bet is so small, but when it is big and you can't support til what multiplier you will end, for sure, it is a failure..

it can be profitable.
martingale method is a way of ensuring your profit if you follow the rules of the method you will surely profit on the last win of each cycle. but the problem is that your losing streak can go on, so you run out of funds and lose.

While martingaler's are statistically profitable for the house, they're the opposite of fast profits. People who flat-bet make for much better customers :P

I know this method for a long time but I just know the name is Paroli. Thanks for the information. Anyway how can this is less risky? Because you keep on double your money when you are winning and after 3 consecutive win you will go back to your original wager. So when someone already hit until 1 btc so he will keep doubling it balance until lose or 3 consecutive win? I think this is more risky than usual martingale

That is very true. If this concept is working than by now all dice sites should have been closed already. Since it is not working, only people lose money at the end. Because of house edge don't know when you will get continuous losing streak to lose all your money.

it was discussed many times here in the forum and answer is no
don't expect to make money in the long run when you are playing any -EV games , cause no strategy will work
martinagle won't work also in +EV games , cause you will be killing your edge by doubling when you lose

Profitable of yours is biggest amount or a bit?... U have 9000BTC and u bet only 1 satoshi per game at 2x rate =)) yỏur martigale is so about 400-500bet lose streak. but profit only 1 per bet :).. do u agree?

If you have  a balance of 1.0 Btc, and start bets with 0.0000001, then you could make small profit.
But most people (incl. myself) get impatient when you gamble and tend to up the ante.

I lost about 0.3 in my Bitcoin because of Martingale method.

No it's not profitable according to my experience, i lose every time i go for martingaling my bets.  if you want to try martingale system you must have sufficient balance(larger the profit you want larger the bank roll should be) and should be ready lose 20+ bets in a row.

It is not a good idea to use the Martingale system in any type of long term profit building progression, especially in a game that has an house edge (-EV).  I wouldn't recommend using the Martingale system in any situation; however, if the game is fair, the odds are even, the bankroll is huge, and the profit expectation is very low in proportion to the bankroll, then I can see how it may be an attractive gamble for a single win session.

In my opinion, the key to becoming a profitable player is to adhere to a sound bank roll management criterion and the Martingale system is not a sound system in that regard.

Martingale will work and produce a good profit if you use it on sports betting instead provably fair gaming .
In sports you will not get 10x consecutive lost if you stick in one team/player but in provably gaming you can get 20x consecutive lost which it's enough to make you frustrating.

Everytime I use martingale, I end up busting. I usually set it up so that I can survive 10+ reds, but over time that huge wall of reds can, and will come. You're basically testing the house's patience with martingale. I wouldn't at all recommend it.

Ive also used martingale on diff site but i also end up being busted by the house...
You will need  a lot of money before the martingale can be profitable or some luck with the house...

You'll never be profitable with martingale. Even if you have a large bankroll you're risking hundreds of dollars for cents every bet.

Again, I'd advise everyone to stay away from martingay.

You could in an unrealistic scenario. Imagine you had a balance of 10Btc and bets started off with 1 satoshi. It would take the biggest loosing streak to bust.

It would take losing about 30 bets in a row to go broke....somewhere in there it would make more sense to bet the whole bankroll then continue with the progression if expected value is considered.  You're right, it would be ridiculous to put 10 BTC at risk to win 1 satoshi.

To loose 30 (50/50 or 33/67) bets is possible. You would need terrible luck.

Martingale can only be profitable if you have infinite bankroll. As said in previous post once in a while you'll be unlucnky enought to loose those 20 bets in a row and bust your entire bankroll.

I have been doing martingale when I am still has the time to gamble, there is no special in martingale, you will still be busted, the only thing I notice is when you start to bet small, there is a chance to win but as you continue with the martingale, the bigger your bet, the smaller chance that you can sustain in the game, and you will start all over again so it is not profitable..

Nah martingale never can be profitable in long term of gambling, i am sure it always lead to get busted in the end, i think using martingale in gambling is like to have suicide attempt much risky method as per my experience. :P

Infinite bankroll will not work if you start with big amount, because there is always max profit/bet amount per bet in all sites. Once you reach the max profit, you'll not able to recover the previous losing streak.
Infinite bankroll may work if you start with very small amount which will not worth enough to do it.

martingale is only good for bitcoin since you can bet from .0001-1+ btc so that can be more then 10+ turns and if you don't win after 10+ turns then it has to be rigged to lose more then that is crazy but you might as well be using more electricity then its worth if your betting 1 penny at a time

All systems that have a negative and a positive impact. So in my opinion, martingale system it can also benefit and also get a loss.

How do I so that the martingale system can benefit..?? , the answer is you have to have a good strategy and you must also use a very effective bet to get an advantage. Typically, the martingale system would have resulted in a profit if you do bet very small amounts

i don't know what that number you wrote means but in dice you can start from 1 satoshi and bet with 2x martingale strategy. and the maximum losing streak that i have heard is possible in ~50% chance is 30 red losses in a row so you are going to need >3BTC if you don't want to lose

I played with a few bots and manually and the only martingale that kinds of profitable is doing it in reverse, but it takes a really long time and sometimes right after 6-7 wins in a row you withdraw profits but if you stayed in, you could of made like a few BTC with risking only like 100 sats.

Well not really as a strategy in gambling never works for long time.I ran fown losing 0.04 in nitrogen sports martingaling with 0.001 btc per bet at 50% win chance.See anything can happen in  gambling,so the basic point is to keep up changing win chance and your bet increase strategy which will lead to a nice win.

All those points what you explained will work for some time but at the end casino house will win in dice games. So it is better to gamble just for fun and with small amounts and if we win than lucky or just forget it and go on with other things. In gambling we shouldn't try to play for winning because it can give you very huge loses.

martingale never profited if long run and have little fund in account..
can busted very soon if unlucky enough.. so if only you have alot of fund maybe like never finish funds ;D its worth to try martingale

I tried martingale before but never had the luck. You need a large of capital for a very small return. Now, I use YOLO, you lose big if you lose but win big if you win on a single roll.

That is sad.That's not how you gamble or use martingle.This is a terrible approach towards gambling.You should quit before you make losses that you cannot recover.Try sports betting a very good option.You can't win big on a roll if the winning chances are at 2x ,its still a slow procedure which progresses slowly.Even if you want to win big,you have to bet with a very big amount.

Only as a example what can happens.

2 sites 2 Accounts same strategie used based on Martingale

http://i382.photobucket.com/albums/oo265/B_UN1T/marti_zps5wyuw2qy.png (http://s382.photobucket.com/user/B_UN1T/media/marti_zps5wyuw2qy.png.html)

http://i382.photobucket.com/albums/oo265/B_UN1T/marti_zpskhhpuhqt.png (http://s382.photobucket.com/user/B_UN1T/media/marti_zpskhhpuhqt.png.html)

That's how it is with me. I only roll my salary once. If I win I doubled my salary for the week. But if I loose, I earned nothing for the week.

sometimes yes but for long time it's very bad because you can lose all of your money at 1 boot ::)
better stop trading after winning bet

theoretically speaking, martingale should be profitable. but in reality what happens is that you never have enough funds to cover the number of losses you sustain. so there is always a bad luck which leads to total loss.

I somehow disagree, as in the end it all evens out, and you might even end up at a greater loss if you can no longer continue betting double. It's just a matter of when to stop - and the best time of course is if you're in a profit.

not really but if you are lucky you can make some money out of it

i have used martingale in dice many times. and since i usually don't have much bankroll for my martingale bets i start from 1 satoshi and set the multiplier to 2x (the normal thing) so far it is profitable but because of the small starting amount the profit is very tiny.

Hear what you say 45 losing streaks such things only happen when they program them. They give you in the start more green and give all the red together so they can steal your bankroll. Fine people talk about provable fair but I don't call programmed losing fair at all.

Is it profitable? It can be, or you can go bust. It depends on your bankroll, your luck and how greedy you are. On BetterBets.io, I got pretty lucky with martingale and got my 4k RUBIES up to 10K RUBIES on Betterbets.io. Eventually, though, you will go bust as the house edge will hurt more over time. If you quit early with a good profit, then yeah you can profit. It's gambling - anything could happen. You could even go bust on your lose chain!

Gamble smartly.

---

Not true. Lets pretend I made 100 trillion bets on a 49.5% win chance. Do you think I would get a 45 losing streak? Probably.

Of course it isn't fair, but the rolls aren't rigged. The house needs and edge to make a good long term profit. The point of gambling sites are to make money! If the house edge was 0 or negative, the EV would be 0 or more! That basically means no profit expected for the house. Also, you can always verify your bets if you want. The house can't give the rig the rolls if it has a good provably fair system. After all, you are the one that decides the outcome with your client seed.

green means go/again. and red means stops. if you already got it for 10x ++ red. Better you sign out and back again tomorrow.
Patience is the great weapon to avoid big lose in a raw.

Only if you can make +ev sports bets will it actually work and if that were the case there really is no need to martingale and cause massive exposure to your bankroll should you go on a unlucky run.

Yes if the algorithm of site is not too much greedy to gamblers or you knew the game well.

I made a martingale simulator a while ago, feel free to do some simulations before gambling for real :)

https://nixtren.net/bitcoin/runMartingale/

P.S: You will lose sooner or later.

Thanks for sharing will check it out maybe I can do some effort with this.

It's profitable for the casino. Read the other 100 page thread.

For a fun math hw. Go to your favorite dice site, calculate the odds of winning x in a row or losing x in a row, then figure out how much you would win using martingale and compare that to how much you would lose during that time using martingale.

The odds will be close to the same, and you will lose much more than you would win for a streak with the same odds. that's why martingale is stupid.

If you're going to Martingale... start low, have a massive bankroll, and stop after you hit following a large/profitable loss streak and thank your lucky stars you didn't bust.  :D

171.7986918 is how much you'd lose in total if you lost 34 times. That's equivalent to (with the current price of a bitcoin being around 431.28 [coindesk]) approximately 74000 USD that you lose. That right there is a LOT of money to lose. However, if the bets there were with 0.00000001 clams as a starting basis, we can calculate that to be... about 0.335 BTC at current prices, and it would be a loss of 141 USD. That's a lot less than if you were to bet with satoshi, you know.

I hate the martingale because the numbers dont care how much you lost in a row.

its still 50/50 everytime (or less cause of house edge/juice)

I think As long as you use this strategy for a short period of time may be for some time or multiple bets. you could have a considerable profit

Martingale can be profitable given you have an incredibly large bankroll to back it and don't hit the max bet on a site.

martingale is profitable but it is so dangerous!
since you have to increase your amount of bet each time you lose, the losses amount are growing exponentially and finally it will lead to a very big loss and leave you with a portion of your bankroll that you can't continue next bet with that amount anymore.

yeah agree. if you only have a small bankroll better, not doing martingale. it will only harm you for a short time

I am regular autobetter ,, I always autobet ,, and yes martingale is profitable ,, if you know when to stop ,, and different users use different strategy , I use c40 , its going quite well ,, but you have to remember , the house always wins ,, so dont be too greedy ,,, stop the bet at right time ,,

obviously no

It is dangerous because you dont know how to set it. If you set it well I think it sure profitable, the problem is how much do you need to earn X coin? That is always been problem to everyone since they want to earn more without sacrifice more money

Yes, martingale will profitable IF you have big bankroll and i advice you to not bet on dice sites. Better you use martingale strategy on sportsbook, it's more safe than dice sites.

IIRC, the highest recorded lost streak for a 2x run on a bitcoin casino was about 30.

Now let's calculate how much that guy lost: assuming he start with 1 satoshi as his base bet: He would had to bet 2 ^ 30 satoshis, or 1,073,741,824 satoshis on the 30th bet. (10 BTC, which is 3000$)

And that's not including the previous bets! So no, martingale is not profitable, but it's a simple strategy many newbies at gambling do..

i am talking about just in theory.

you should win with an unlimited (or at least a very big) bankroll so when the bets get bigger, you don't lose and there is still more money left to double the bet and continue.

that is why i said theoretically it should work but not in practice.

Another requirement for that theory to work: the house should accept all bets, no matter how much the wager is. Otherwise, it just cuts you off at like 10 BTC and leaves you in a big loss.

absolutely true.. dice is the only thing for many gamblers ,, but for me ,, Its sports betting rather than dice .. I use martingale on sports betting .. we can make far more profits ,

I've used Martingale several times with Satoshidice.  Everytime it would work for a while, but if you play it long enough you always loose everything.  I usually play too long :)  The house odds are always against you.  No matter what strategy you use, you will always loose in the long run.

For some it is and for some it is not, those who play too much with it, its not for them and those who do with limited and controlled manner , it is profitable for them. So, you can not call it one sided whether it is martingale or other strategy.

It is absolutely not profitable for me, I have lost so many time because of martingale, i even ever lost 20 times in a row, so i have quit gambling using martingale

I think there is a thread that people already do some research that large bankroll doesnt guarantee you will have profit in a long term because each site always have house edge which is in a long term you will always lose although you have a huge bankroll. But you can minimize the loss by set your loss limit and win limit

It is impossible to profit from martingale in the long term. Sure you may win every now and then using this method but eventually you will bust your capital when a long losing streak comes. It is not worth to win a small amount when you can potentially lose everything.

Its profitable in the short run... you will need to set a goal and whenever you reach that goal withdraw and play again... stopping is the hardest decisions

With infinite bankroll you could diminish your loses, and break even, always. But nobody has infinite bankroll!
But some people don't get that martingale is unreliable system which doesn't take into account that your chances of winning are constant.

I think its depends in our luck that you can make profit with martingale strategy .There's a old thread here in gambling section he won 41 BTC using martingale.. So its depends in our luck that how can we make bitcoin. If we see that we win of 41 do you think you will still greed it? for me no i will withdraw because i won it and i don't want to lose it all....

Martingale is the very basic strategy of gambling, if you do it properly you may get some profit. But now I have seen people prefer to bet on low odds and high profits. I think martingale is good but surely not the best one when it comes to dice strategies.

How does that affect the profit or loss ? Its actually based on luck . If you are lucky and not get many losses, you will end up as a winner, else if you dont have luck, you will only and only loose always.

Luck can't beat math.

If the bet has a negative expected value, doing it over and over again (like with martingale) has only one possible outcome.

Well, you cannot compare yourself as unlucky as the highest looking streaks, but yeah I often play at primedice and get some 8-10 bets loosing streaks pretty easily. Though when playing on bitdice and others I never get even 5 in a row.

Nice share, It is correct that while trying your luck using martingale you didn't realized that you are losing all of your money and ends up losing in the long run. better think twice before using it.

Your best bet using Martingale to come out as a winner in the long run is:

Follow a good tipster in Sportsbook, with good history (not to be arrogant, but I am one of them so far :) )
Make sure to have a very very good bankroll, I recommend 1 BTC.
Start your bet with 0.01 BTC and double everytime.
A good tipster extremely rarely will lose 6 time in consecutive order.


No other ways to have Martingale profitable other than this. The larger the bankroll, the more chances to be profitable in the long run.

Yes Martingale can be profitable if you are lucky or I should say not too unlucky on a given day. Like you can win many bets but what basically you have to ask is that you dont get 10-15 losses in a row.

Whit martingale you will only test your luck, on the long run it's impossible to win whit a limited bankroll. If you are smart and stop in the righ moment you can have profit.

Martiangle ultimately will only make you went bankrupt

Well, OP might not believe, unless OP experienced being busted in martingale.. at first you will win, specially in small bets, but in the long run and bigger bets, it will fail you..

Actually you might be right but sometimes even if you have more bankroll than even the whole site, still you might not get big profits and end up on the winning side of martingale, because you have to understand that they have a max bet option.

yeah it will happen if you were very greedy and did not want to stop when it is already profitable

Very true when we bet small we win, when we start betting big we always lose. no method/strategy works out for me ever i always lose. :-\

It will affect the winnings because if the algorithm is not fairly coded for webmaster and gamblers. For sure, the only one who will have the most profit was the webmaster and the gamblers will lose it all.

well if you are playing a game on a provably fair casino website then winning or losing does not depend on the amount of your bet. although sometimes it feels like it, i had the same feeling too but checking the bets numbers and realizing that it is a game of chance makes me feel better.

Why do people keep saying this?

How do you stop when you are in the middle of a losing streak and claim to be using martingale?

he is telling not to stop when you are in losing streak , read properly he is clearly telling that when you are using martingale and winning and are in profitable and when you are started to lose that time what ever you have winning profit just stop for that day and start fresh next day , but i wont suggest to use the same strategy on next day as you id the site owner will be knowing the strategy of your winning and will change it immediately and you will lose what you won and your bankroll also.

Martingale basically depends how many losses in a row you can survive,If you can survive ike 20-30 losses ( very tough though ) then you would easily profit in short term at least.

so after 30 loses in a row, that's mean number bet 31 you will win? not sure with that because i've 35-40 loses in a row. that's sick man

I played this strategie for some time on Primedice. I always got busted around 30 000 played hands with a new roll.

But martingale involves going on and on when you are in a losing streak.

It's impossible to say stop when you are ahead, because if you hit that losing streak you are going to lose a boatlaod of money. Martingale is a great wa to win a little bit of money and a great way to lose a ton of money.

Not impossible to stop while ahead? I see people with 25k sat go to 300k and then stop and its easy profit.

Not, you can't be sure that after 30 looses row it will change your luck and you will win. Its strange at our mind, but we can loose on 31, 32, .... 50 and more. And provably you will not have money enough to test if next could be the winner or not.

Not at all... I just busted another 0.0005 tip, while running martingale strategy.

Seriously, with martingale you're risking your whole balance for 0.5% profit on your balance. Not worth it.

Yeah for short term. if you have luck you can get small profit with easy. so short term is the best way to do

Martingale strategy can make you get profit if you use it short-term, don't ever use long-term because provably fair is so rigged and not fair for me.

In the short term it is unless you increadibly unlucky but normally people want more and greed sets in. Anyway bascically eventually you will lose, the odds slowly catch up. Having said that if you had infinite btc this method would always work as you could always double your last bet.

If theory you could have infinite winning and infinite loosing stakes. So in the end always winner is the casino. Because you don't have infinite money.

This one use logic if you have money as the banker have you will win it using martingale but for sure you don't have it so no sense of using it, if you just playing for fun you can use it and save some when you are starting to see that you are losing it.

This method only works some times but no guaranty whether it will work even of short time for every one because they will keep winning and losing steaks may be same % but you will get losing streaks more at one time but winning streaks will less. So just use this method for fun.   

I really agree with you. Better you stop when you get much profit using martingale strategy. make 300k satoshi from 25k is really good imo.

But very less people will withdraw there winnings in gambling because of greediness most of the people end up all there money again back to casino. That's why today all casino's becoming rich and gamblers are becoming poor. This martingale strategy will not always works for every one because this method needs a luck to win money.

It's hard to stop playing when you realize and think martingale are working perfectly.
You will only think to play bigger bet and bigger until you lost it again.
That is simple concept doing martingale, make you lost money in simple way too.

Yes, greedy always make lose gambler. Especially when using martingale, the risk double. When people earn much, they never stop to enjoy their earning, they want more and more.

short term or long term doesn't make any difference in gambling. it is just dependent on chance and your luck. it doesn't matter what strategy you are using, if you are unlucky you can hit that losing streak and lose all your bankroll in the first try (short term that you mention). this is what happens if the system is provably fair ofcourse not rigged to let you win at first and lose after a long time.

Martingale is much more profitable in real life gambling rather than use it online...
When a program is built to win and not to lose any other tactics wont gain you any profit...

I guess not all gambler are becoming so poor, some of them still can earn a lot or even become millionaire after gambling for quite some time. This is matter of luck though. And btw martingale system will become profitable if you know how to manage your balance and your base bet well enough. Most of them just used martingale and hope to earn more with small balance thats why they keep on losing and luck is play a role in every gambling game for sure so without luck you wont get good profit

What about a 50% chance, x2 payout, 0 house edge dice game? Any strategy?

I really don't know many people has become millionaire by gambling everyday. But martingale method will not work if you play for long hours continuously with any kind of balances unless you manage manually and if you know when to stop it and take the cut of either profit or loss.

I guess all gamblers here tried martingale and I'd guess only few of them can really say that they make a profit by that. I myself tried it before but it makes my bankroll back to zero.

People who become millionaire from gambling always shut up and never talk. Not like people who lose gambling, they will keep complaining. and i think martingale will works on sportsbook.

I have only bad experience with martingale. Always going busto :(

That's normal, even if they say that martingale is a strategy, though I think its not, you still need luck.. its just good to hear that when your small bet was busted you have to double it and you will gain back your loses, but you don't know if until when your bank roll can sustain it..

There's no profitable method in gambling that's why it's called gamble because if there is, it should be renamed to investment :)

I have said this many times. Follow a good tipster, that you know his/her winning history is great. Bet always double the amount, no matter the odd being lower than 2, in the long run this is called investment and not gambling. But one true point here for Martingale is to be able to control yourself and have a large bankroll. I am talking about sportsbook.
Now finding that right tipster is extremely difficult, and thats the most difficult part of when trying to apply this system.
I know many people have lost even when following tipsters but thats because of their greed, greed destroys everything everywhere, in gambling or not.

First time I used Martingale I thought I invented it.  :) I thought now I know how to make money, not much but a small guaranteed amount every day. Several days it was working fine for me until one day when I had 14 reds in a row betting with 50% win chance. Of course I lost everything I won previously.

last time i'm using a sort of martingale whit dice, i start bet higher when i hit 5x consecutive green, after that i switch the side (if it was under 49.50 i put over 50.50), in 2 days i made about 0.10 whit a max bet of 0.04. Thsi won'twork forever, so i stopped and i'm happy

No, but it depends on your luck. If you are lucky, then yes. I occasionally use martingale system, and I found that it is not profitable if you do not have big bankroll. Well, it still depends on your luck, though.

how much bitcoin did you start with? i mean the initial bet amounts

i sometimes do a similar thing just to mix things up with martingale strategy and sometimes i have a better luck, but important part is to get out after a short time before you start seeing losing red all the time.

Martingale is profitable indeed. But if you have a very low bankroll, I doubt it will continue to profit. Your bet in martingale is rising exponentially, and you know that's too much even if you start with the lowest bet (i.e. 1 bit), it will still go super high when you encounter a loss streak.

First of all let me say this. On the long run, you WILL bust. The only way for you not to bust is having an infinite bank roll with no limitations (as max profit per bet) in place by the casino you are playing. It can be profitable short term but again (as with any "strategy"/"method") on the long run if you continue rolling you will reach a streak that will bust you. So you need to know when to stop for it to be profitable.

How many more and these threads does there have to be? Martingale is only profitable in the short term, eventually you will hit 20x losing streaks and get cleaned out.

Martingale is just an illusion. I have run a lot of tests on dice sites and there is absolutely no difference how big of a bankroll you are going to use sooner or later you will hit a big losing streak and everything will be gone. I have even tried to run a test overnight with a starting amount of 1 satoshi and in the morning there was always a red spree that had wiped out all profit.

That actually is right, I see some people who think like this : If we have lost 10 bets consecutively they think that winning next ( 11th bet ) is almost certain. But in actual that has winning chance of the odds ( usually 50% ).

I have tried this system many times and it brings me and overall positive result. Mostly I use this in dice, but for analytical purposes I am gonna share my knowledge about this system. I believe that this system is not profitable as long as their is a house edge.

The martingale gives very little profits at a very good odds
but it eventually always loses because you keep doing it

the martin gale is a terrible system if you have enough funds to do it right and you need a lot
why would you care about winning such a small amount of funds

It is not really profitable because you only win a small amount and have the possibility to lose all your money. I think the best way to such dice game is not to be greedy enough.

no, -EV will give you negative profit, don't matter what type of method you using

It can give you very large profits also at good odds but if gamblers keep relying on this method, in the long run they might lose their bankroll.

I think that a lot bankroll is strategy of martingale
but it hit a lot to gain slightly

You can easily bust with martingale in the long run. The short run might give some profit, but that is all luck right there. As I saw some other people say on dice sites. "Don't do martinfail." But who knows you could get lucky, but its the same as normally gambling.

There are a lot of conditions that will halt martingale to be profitable especially at the long run. Martingale needs a huge balance to be able to cover the previous lose. Mostly, people will stop martingale when he/she ran out of balance and in the next session he/she will start from bottom again and not continued his/her last streaks. The max profit on the house will halt martingale aswell.

There is a reason that all gambling tables or websites put a MAX BET, and that is so that you can't keep doubling until you win!
However it is still in the real of possibilities that the roulette spin hits 25 blacks in a row, or that you lose 25 hands of blackjack in a row. So always be careful!

I tried this method for winning but it was hit and miss for me.
I don't find it profitable as it designed if you are lucky which is not a strategy at all.
I found that if it hits the same color, card, or symbol that does not mean it will hit the next or opposite one in the next hand/roll/spin or in the next 3. This is not a guaranteed way to place your bets or wagering any amount of money cause you are susceptible to falling into the hole just as easily as not using this method.

Yes it can be depending on your luck. But whenever you do martingale you must have patience because it's more profitable when your base bets are low from which you can take 30-40 times losing streak without losing your whole balance. Well it already worked for me but I lose my patience and got greedy to bet higher amount and i lost in 13streaks.

nah, luck or not you will be busted by the house edge after all  :P can't win against the house bruh

it is not about the amount of money you have. even if you have cash to withstand 30-40times, it will still eventually happen when u bet in the long run. And the amount that you gain will be so insignificantly small that you will feel it is kind of pointless.

I have experience with Martingale. I've played for more than 3 hours of capital  0.02 and win 0.1BTC.
but for now it really hard, even not strong enough to play a very long time.

I feel you with this the first time I use martingale from yobit dice it's give at least some profit but now a days martingale is easy to be detected by the script so you can be lose as many as 25 time in a row thinking that you needed at least big capital to use the martingale system that's why for me this one can only be use with luck.

Warning! Don't use this tactic on primedice they take all your bankroll. They programmed that you will lose each time all your bankroll. Have tried it more then once and always it ends in empty roll. This can work first 30 000 hands after that it's ending for sure.

I think when we sit to gamble we all play progressive. We need to double, triple our bets to make something. Its true what most people think about it, nothing work on long run.
When I gamble now I don't gamble for long, sit a bit on dice game, change to roulette, poker or anything else. Play 5 - 10 minutes and that's it. I have much better results now then before when I wanted to win so much and forced every game.
For me any strategy can be profitable if you don't use it all day every day. Gambling require patience and self control.
So its not so much about strategy, its more up to you and how you feel the game! Good luck.

You can do that or you can simple double your winnings, and then triple, quadruple if you get multiple winners. This way you are risking a small amount and can win big.

when using martingale method you won't win triple, quadruple,... it is based on your multiplier and if it is 2x then you will always win 2x of what you have bet. triple, quadruple,... is the amount that you lose or in other words you have to increase your bet amount on each bet in order to cover the previous loss totals.

I think not only primedice but all sites will also do the same. site will know the same of your tactics so that they will know it quickly and you will immediately lose. better not to use it for a long time

after I tried with several different methods. turns out it also depends on the method. if you want to play it safe with a small base bet or a little larger with quick profits and short-term.

no, it will still be depending on your luck no matter what you do.
that's the problem with these methods (all of them) gamblers make a couple of bets with these methods and then decide based on them.
but if you make thousands of bets you will realize that it really doesn't matter how long you play but your luck and how big is your bankroll.

I will say not every single method works for everyone inclusive martingale.I have played dice on some different sites but martingale never worked for me.At start it was seeming to be in work but I made more money by random bets than martingale.Actually everyone has own experience and working trick not method.

Martingale is one of the worst strategy ever it is like to make suicide attempt there, i had very bad experience with martingale so that i would like to advise stay away from that kind of tricks.

I tried Martingale several times always had pitiful results. with martingale one risks too much just for little gain

It is impossible to make profit using martingale maybe in short time of period we will win something but if we keep continue this practice and doing gambling with any kind of martingale strategy than it will bring very painful result.

not a good idea to use the Martingale system in any type of long term profit building progression, especially in a game that has an house edge (-EV).

I also think it is impossible as i had terrible experience with martingale on dice and roulette, both games have same behavior when start using martingale on any gambling site, in the end we got busted for sure.

I have experience also that if you leave the martingale or any other bot and dont watch the at some point you will lose everything as the house will be watching all users activity so according to that they change the system . So what ever if you are sitting and playing with bot you can earn but martingale no possible for long term.

I think someone who has a high luck will not even be able to win from the house in the long term. you can not use Martiangle continuously certainly house will mark you and will soon make you lose. probably for the near future that can give a great profitable. better use of it.

Yeah, better just using martingale strategy for short term and when you get much profit from it, just leave that dice sites and come back tomorrow. I think it's a save play to using martingale strategy.

I tried to play on the Martingale system in "multiply BTC" on faucet "freebitco". I found instructions in a network. I started with 10,000 Satoshi. Yes, at first I was getting a small profit, but reaching 30,000 Satoshi I started to  lose.
So nothing good I can not say enough about this system.

In the long term its not profitable. You will lose all your money.

As long as the house has an edge the odds always favors to them. Martingale can be profitable in a single game but in the long run your might loss your entire bank roll.

Yeah but you at least didn't actually lose anything since you started with a faucet, and if you kept playing you could of gotten 100,000 Satoshi and withdrew from there and started over.

Martingale is not good in any game, either in one game or many..if you are using martingale and you were carried away, even in single game, all your bankroll will be gone...

I tried martingale a few times in dice and it did not bring me any fortune gambling in casino is all about luck and no other way of wining to it.

Yeaaa basically martingale will bust all your money and bankroll in a game with house edge.
How about a game without house edge like sports betting? And poker? Will the martingale work?

No strategy, including Martingale, is profitable. All strategies will fail in the long run because most gambling sites are programmed to have loss streaks.

Just think of it this way, if you're the admin of the gambling site, would you let users win by just doing some easy martingale? Of course not. ::)

depending on the method, sites and luck. sometimes I try the same method in different sites and the result is different.

I think unless game is skil based u cant win in martingale

I took martin points where each person has their luck masihng
karma very full role in martin so keep it up ;D

Every strategy is profitable - until you lose it all.
With a small starting bet and a large wallet Martingale can last for weeks, months or years. At some point you'll risk fortunes for very small wins, and in the end you'll lose based on the house edge.
No matter what strategy: the chance to double your initial balance is smaller than the chance to lose it all.
But it can be fun while it lasts :D I've seen people use it for months in a row, slowly going up in profit all the time.

They just have some pure luck when doing martin but many have lost so much money doing martin and there is really no strategy that you can do over casino game play.

Sometimes I think theoretically it is profitable. Take a dice game. How many times in a row you might have reds with 50% winning chance? At first I thought not more than 7 times. Played with that strategy, was winning some, but lost in the end having 12 reds. Then I thought well it couldn't be more than 12 reds. Played with that strategy, was winning some, but lost in the end having 16 reds. ... After that I stopped. )

i think that is how everybody leaves martingale method and also leaves playing dice behind.
i have had the same thing happening to me, you think the losing streak is not going to be big but when you see all those reds you realise you were wrong, i had 18 reds in a row before i quit for good.

Actually martingale is too profitable but if only you stay at low bets the only thing why people lose in martingale is because of losing their patience and making their base bets go higher which make them lose.

What makes you think there is a maximum to the reds you can get? The next roll doesn't depend on the previous roll. So if you have had 16 reds, chances of the next one being red are exactly the same as after having 16 greens.

The more bets you place, the longer your win/loss-streaks will be.
Assuming 50% chance and 2 bets, chances are one is red, one is green.
With 2^10 bets (1000 bets) chances are pretty big you hit 10 red or 10 green in a row.
Place 1 million (2^20) bets, and 20 in a row becomes very likely.

With the martingale strategy we will just lose more and more because the red will always out number the green ones and if we manage to hit a large bet then we will play again to win more and in the end we lose our money with martingale.

Believe it or not but each of us play for a short period of less than 10min most people experience a sizable victory.
I've done this experiment. I play with the bot with 1000 satoshi bet amount. and I play within 10 minutes. I have benefited more satoshi 150k. and then I pass up a few minutes ago I ran out of my money. dont use same PROVE its strategy for long term

No matter how small you start, it could still end up losing big if you hit a very long losing streak. The bet could easily go high because you double your bet each time you lose. It is not a good strategy since you only earn very small amount each time you win but you lose very big if you hit a streak.

Martingale is a losing strategy in short-term and in long-term. You can't anticipate when you will hit a big losing streak. This streak can happen in the very beginning of your session or near the end just before you are getting ready to finish for the day in profit but this bad spree happens and everything you have won is gone. Martingale gives you an illusion of safety betting and my advice is to stay away from it.

That is true, this strategy will not work either for short term or long term but most of the gamblers believe that it will give them big profits. In this method people can make money only if they are really lucky but they continue to play for some time surely they will end up losing all there money back to the site. So just play for some time to enjoy the fun and don't target to make any big profits from this method.

Martingale is not a strategy - it is a way to diminish you loses, and it works only if you are playing really low or have huge bankroll.
The problem is that it is easier than you think to lose several bets in a row and run out of betting money after you've doubled it all away.
You realize if you start with $1 bet you will have to spend $255 - which is enough to cover 8 losses in a row?

Very well said, in every techniques or strategy if requires only one thing the word "discipline" . Using martingale can be profitable sometimes but the long run like I said it's not profitable due to house edge or juice if you are into sports betting.

yep, and to counter the edge you need a really HUGE bankroll, who knows that maybe you will get a 12 losses in a row??

Yes, you might win one time because of your huge bankroll. The important think is you set your target and if you reach it go away. However, lots of gambler does not have a satisfaction and they will come back tomorrow to get more.

No, martingale will only make you bankrupt palyed around 3times using martingale end up losing all my money, its not profitable at all
If martingale is working the dice gambling will disable the bot function for martingale

From player point of view: No, Martinagale strategy is not profitable. It will soon or later leads to complete lost for player.
Player is wining very low value and in case of lost increase of stake is necessary to cover it.

From House point of view: Yes, house edge will work and player will lost all.

Yes, I know. every playing gambling all really depends on luck. but right, the method is also very decisive and also bankroll.

Martiangle can make profit if you stop play on short term ! So once you reach profit, you can stop betting and try to continue on the next day.
I have experience this with my friend recently over a week , I can make BTC 0.01 !

It doesn't matter if the bets are low or high, it matters how many bets are placed in total because of the house edge.

Yes, I know and exactly that's why I thought if I make less then 1000 bets to get more than 12 reds in a row is very unlikely. So what I did was I devided all my balance by 2 13 times thus estimating what my base bet should be. ... But I had 16 reds in a row and lost all.

Continuing after a win is what gets you eventually. If you start with 1 bitcoin it is quite likely to get 1.1 bitcoin using martingale with small bets. But it is (a bit) more likely getting that by going all-in at 90% chance once. Martingale indeed gives the idea of being safe, while there is no safe way to gamble.

A more fun is "green martingale": start with a small bet, and double on win. Now instead of losing 10 times in a row, you try to win 10 times in a row.

i made the same mistake a couple of times too i made a guess how many is possible and then set it up with losses +1 and each time the number grew and i add +1 for safety.
but this only lead to me losing money multiple times, the total reds were 21 and i asked around and somebody said i had record of 28 and that is when i gave up martingale and dice....

Seeing all these threads about martingale and various gambling systems. All I want to tell you is:

Gambling systems have been around for as long as gambling has. Yet no system has ever been proven to work.

Betting systems, are just gimmicks: Martingale, Parole, cancellation betting system etc. - everything in the end is as good as flat betting.

Couldnt agree more sir,there is no profitable way to gamble and no strategy there is to win in gambling,gambling is just base on luck.

that is right but these methods are not without their own benefits either.

they are a good way for sticking to some rules in gambling which is good to prevent loss.

There is no benefit with these systems. At the end of the day, the house edge is still there and you can't get rid of it.

You will lose more than you win in gambling no matter what system you use.

But sometimes there is still a system that will work in the very beginning. That you will be able to make some profit after that you will loss again.

 can easily bust with martingale in the long run. The short run might give some profit, but that is all luck right there. As I saw some other people say on dice sites. "Don't do martinfail." (for me)

There is not guarantee that any one can make profit even in short term from this method because no one can predict when the continuous loses can eat way all your funds. So I don't think either for short or long term this method is good to use. Just play manually for some time to enjoy the fun and get out as soon as possible, otherwise one may lose more money in this game.

as far as i can remember i always lose everytime i use this technique but at first i will win some and then in the end i will eventually lose it all, its just feeding your lust to win at the beginning and will make it hard to stop until yuou lose all your capital.

Capital means bankroll in the gambling world. Every system is profitable depending on the techniques of the gamblers. While you are right that martingale system can exhaust your bankroll but it always depends on the gamblers method. 

in the short term may be a lot of people suggest this strategy. but most people are too often used this way in the long term so that they lose and lose.
you should know. when to stop using this method

That's what you called control or discipline if you know when to stop using a particular betting method. Apparently, no betting strategy that will last forever because gambling sites adjust to it so they can ensure profit.

You hit it bro.. Sometimes I use this method to ensure winning in dice , however due to its huge bankroll requirement I cannot stand my losing streak anymore that is why sometimes it kills the entire amount of my bankroll. So I say that it is not profitable based on my experience.

martingale is profitable. since you have to increase your amount of bet each time you lose, the losses amount are growing exponentially and finally it will lead to a very big loss and leave you with a portion of your bankroll.,

Yep its very profitable, that is if your Bankroll can cover your your losses in case streak lose strikes

Don't get greedy, play within your means

As long as you do it with discipline then  you are good to go. As i said earlier, set you limits of wining and losses so you know when to stop betting. In betting in order for you to be successful you should have a balance life so you cannot be frustrated in the event you will experience huge losses.

When doing martingale you need to have a large capital since you are doubling every bet that you are taking if you dont have enough capital then dont try it.

I want to add, it will also depend on the amount you wagered per bet. If you bet like .001BTC per roll in a dice or per game in sports betting and you want to martingale it with 50 games then you need a huge bankroll.

Usually people do martingale with high odds to keep on roll it until it hits then they stop it. For 2x martingale usually they just using manual betting because it is easier rather than waiting on for examples like 1000 odds or any higher odds. Most of them thought that every martingale will fail but wrong calculation that make it fails so if you can calculate it well and have enough balance I dont think it will fail

In my opinion, martingale with luck is very profitable, i earned 200k satoshis everyday without loss, just dont get caught by the house edge mates.

Well some part i agree but i think that martingale may not work even if you have big balance .In gambling everything is possible (high loss/high profit).The thing that lies around is the time for how much you put on that strategy.In just a small time it may work but in long time i dont think so that it will work most of the time.You can try it ,for me i already tried it but I tried with lower bankroll but put up a low amt. of bet as well.

If theory you could have infinite winning and infinite loosing stakes. So in the end always winner is the casino.

Use martingale in sports betting and you will have a good chance of winnings. For example the Mavs vs the OKC. if you bet on MAVS the 1st game and loss then double you bet in the 2nd game then win. So as of now, you already have a profit.

It's not a good tactic to use martingale in sports betting. There's a chances that the team you choose keep on loosing 3-4 times in a row. But, it's still your choice if you use it. You should have a big amount of BTC if you use martingale on sports betting.

No profitable method in gambling. Butyou still need luck.. its just good to hear that when your small bet was busted you have to double it and you will gain back your loses.

I loss 0.016 today using martingale strategy playing dice on primedice, my temper got me again  :'(

Another proof that martingale is not a good strategy. I'm sorry for your loss, sir. :)

Maybe you should increase your bankroll then, It is really not advisable to use martingale if you don't have a decent bankroll as you cannot stand streak losses that would result to a drain of your bankroll. I have experience this once and lost that's why now I already still to flat betting.

in my experience increasing the bankroll is just increasing your chance of not striking out but it is still there and you may lose all of it anyways.

unless you are planning on starting with 1 satoshi bets and have a bankroll of 200BTC there is no way.

more bankroll added , more desire to bet bigger to double . bad idea at all to use martingale in every gambling games which had a house. they always seeking for a martingale gambler to make profit!

it will give you a deep hurt once you hit a straight lost without a single win.

Increasing your bankroll only leads to greater loss. Do not use martingale. Try pluscouping if you've got a decent amount of bankroll.

Martingale's strategy increases your bet twice per loss. There's a possibility that you bust 20x+. Not to mention that if this happens, your bet will reach the maximum bet, even if you win 1x, you can't get back all of your money.

It can only be profitable if you have infinite bankroll otherwise at the end you will loose everything!

Martingale is not profitable , specially for online gambling (some online casinos has  cheaty sec system that identify martingale and you can have 20 to 30 time the same color at roulette ) , in real casino , you can't have 20 times same color = impossible :) So it can work in real casinos , not online !

Martingale for me has been like a nightmare and I surely cant think of a reason to suggest it to anyone. Its in short like you keep trying to loose and wait till it actually happens.

Martingale is not profitable as the house will win you in the long run or some 10 - 20 lose streak catches you. Is kinda of stupid as most online gambling system can identify martingale. Gamble well and Good luck!

Every online casino has been program to recognized any martingale attempts and all games that you play in an online casino is program to always win so no matter how many winnings bets that you have the ration or losing will always be bigger.

Martingale is surely not profitable.
All my attempts to use this system failed. Don't waste your money on that.

Yes it happens, I have also burned a significant amount of money using the martingale and I know how it hurts, in fact I shouted at some chatbox and said scam and such when I was new. Its hard to digest such losses.

No the method is not profitable at all I really lost a lot of money because of this method.
I really think that this method is sucking and I also know that more people have lost a lot of dollars because of this method so that is in my opinion already saying enough.

With luck, every strategy works ;)
The house edge is always around, but it is important to note that is is an average only. You can win or lose with or without the house edge, the only thing the house edge does is make your winnings a bit lower.

I can recommend doing the math on some bets manually (or in a spreadsheet), it gives a clear understanding of how it works. Just try to reproduce the winnings the casino gives you in a spreadsheet.

don't be greedy and know when you must stop maybe the main  key for martingale , how much your capital to get 200k satoshis everyday ?

Every method can be successful but the only thing that would affect the gambler in a negative way is when they become greedy, when they are affected with their emotions. A gambler can only win if you treat gambling as your business and not just an entertainment.