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We wrote an article on martingale, please gamble carefully.

https://ice-dice.com/en/martingale_betting_system

Overall good, informative article for new dice gamblers, but I hope you don't mind if I point out a few grammar mistakes.

Sentence 1: When a gambling amateur first discovers the Martingale strategy, he might easily feel like he found a little piece of heaven.

Sentence 3: If you have never heard of this idea either, it goes something like this:

Great Write Up David Ice Dice =
http://i39.tinypic.com/dczxvc.jpg

Thanks, fixed!


Thats exactly what we want to tell gamblers, things like that can happen.

corrected your response!  ;D

Does the usage of bots like Ice Dice use strip the "provable gaming" concept? I was advised there is another way provable gaming can be distorted just curious on your thoughts

Using the bet is still provably fair. the code for the bot is javascript you anyone can read the code. all it does is click the button for you automatically. In fact from the server side, we can't tell the difference between a auto roll and a manual roll because it's the same.

Great tip. We will be posting a new article on common betting progressions on BCR soon. :)

@aksplace, I recommend you take the time to learn how the cryptography behind provably fair gambling works.

Also, we at Ice-Dice do not want to take your life savings. It's not fun for anyone.

I mean sure, we do want to make a profit, I'm not going to lie on that, but we truly do want people to have fun.

If you feel like you might have any kind of gambling problem and don't know what to do, please send us an email. I will direct you to places and people that can and will help you.

Nobody wants to see you lose it all.

It's important to know that there's a fine line between entertainment and addiction. Gamble responsibly.

I drained my account.

That's a good article. It reminds me of when my maths teacher first explained the Martingale to me 25 years ago.  ;D

I'd only add that an understanding of probability, what are the odds of losing x times in a row, is essential before trying to use it. Also note that is why casinos have table limits.

If you want to practise your strategy you can do it for free and win real coin here http://freebitco.in/?r=178

Martindale can be tricky. Best to start small and get comfortable before going big and serious.

Oh look, another ice dice thread...

Excellent article. Thanks for sharing.

Thank you for sharing, this is what exactly i feel when i discover Martingale system..

With martingale is certain that you will lose your money eventually.
And it is worst than just gambling because it gives you a false feeling of using a strategy...

Gambling on -EV is certain that you will lose your money eventually, there you go.

Somehow people think Martingale is at fault here, it looks like someone just found out about this particular strategy and noticed it doesn't guarantee profits (huh ? really ?). Just like any -EV gamble, you can profit with this strategy if you can stop after making a profit. You can also profit without using any particular strategy, as long as you stop before you lose.

There isn't any guarantee that you will make any profit whatsoever, to stop afterwards.

Your lack of understanding on how probabilities works gives you the illusion that no matter what, you will win at some point soon and then you can stop.

Guess what. Wrong.

Can you highlight the part where I said there were guarantee of profits ? The quote you included is not it, so there must be something somewhere else.

Can you also point out where I got this illusion you mention ?

Hmm...
Looks like your post was about "stop after making a profit", "stop before you lose" and other highly technical stuff...
My bad...

So much content in your reply... 4chan welcomes all your idiotic sarcasm.

Oops... i think you accidentally replied from an alt account!  :-X

I wish I had as much free time as you think I do. If you have anything concrete to reply, please do so (including the previous allegations about my illusions).

There are no accident in my replies, are you sure you didn't confuse this forum with 4chan ?

Stop posting from two different accounts. It makes you look ridiculous.

Or at least do it right. Don't post with just 2 minutes delay between your accounts.  :'(

Oh the bitcoin land so full of wisdom.

Martingale is not for the weak hearted.  >:(. Once it gets past 7 UH OH.

7 is too few, target for 25 or more. Start as low as 1 satoshi, if you have the patience.

we just lowered the minimum bet to 0.00001 btc to give more room for the martingalers

It's a terrible feeling.

or just don't be a degenerate and stop gambling

Random serious note: If you do feel like you have a gambling problem (and by "you, I mean whoever is reading this"), please please please don't be afraid to ask for help!

That said, Gambling can be fun and rewarding if you are responsible!

We have developed automated script that uses modified Martingale's betting system.

Our users have made over 0.76 BTC income in last 3 days.

We give it for free here http://phptaskforce.uk.to
But if you registered account using our referral link you can get over 500 satoshi's every day, depending on daily referral commissions.
Video proof: http://www.youtube.com/watch?v=QwgiED-TZlU

Good luck, and use it wisely BTC

"Even if he starts with the absolute minimum bet, he could still run out of money after losing thirty, fifty, a hundred times or more in a row. "


If the site you're gambling at gives you a 30 loss streak in less than 1 million rolls it is rigged.

Play more  martingale make the casinos rich and you can live in a cardboard box under a bridge and shower and shave in the public toilets  ;D

Yes, in a real life "House always wins", but situation here is different.
You should really try this out, then come back here and we'll see if you changed your opinion  8)
Script can be found here : http://phptaskforce.uk.to

*facepalm* It is irrelevant the size of the losing streak - it does not prove that a casino is rigged, only that variance thus far has been a huge dick to you. To prove something is rigged you actually need to find a piece of code that is changing the outcome of your rolls such that you lose, until then the best you can say is that the site is extremely suspicious.

as many bet you made the higher chance you lose all

Yeah?

How about getting 30 loss streaks multiple times within a week (at 49.5%)? Would you consider that dice site rigged?


Better yet how about hitting a 34 loss streak out of 50 rolls?

Excellent article, thanks for sharing!

How do you shave in public toilets?  ???

We are not rigged. All bets are provably fair.

Usually such streaks happen over a long period of time, but that long period could also be a short period, incase that streak happen initially in that seed.

First time I know martiangle,
It was a good strategy when I'm betting on dice  8)

But after I experience it myself,
martiangle is Not good as I thought.
In fact, I loss so much  :'(  :'(

Anyway if you tired of martiangle system,
you can try other site that not use any martiangle system  ;)

even a 100 loss streak can happen

There is no such thing as martingaling safely. You can just as easily lose everything on your first streak; essentially risking your entire bankroll to win pennies.

When you play in a casino, although there is Martingale, you still lose.

You can opt to martingale in a casino, but no it doesn't necessarily mean, that you will lose. I have had over 5000$ on me a couple of times, and have martingaled starting with a base bet of 100$. I have done this around 10 times, and haven't busted yet :)Up until Last time I tried it, I won on my last bet of 2500, as I was out of money. Took a loss of around 500$, but was up overall, so I have never tried it again. It kills you when you are getting a long losing streak and betting 30 times your base bet.

Yeah, martingale is very dangerous and eventually will cause you to lose your entire bankroll. I know from experience xD

Short: you  will earn dust some time(your win is always your initial bet), then all of sudden you bust and lose everything.


You risk all you have for a little gain

not safetly, carefuly was the word.

I have tried martingale strategy. I have got some profit in beginning then I increased the betting amount and lost all my funds. It is very risky.

It might be better to reduce to base bet. This will allow you more longer streaks. However, over the long run a bad streak will happen.

Because of the presence of house edge, the higher your wagered amount, the less desirable it is to the player. And martingale is very bad in that sense as you will wager a lot to get a little profit.

yes must carefully use martingale. i have bad story when use martingale, i lost my money play dice use strategy martingale.

this killed me many times

but martingale still is one of the best methods i know of

x9900?
 ;D

Martingale can work if you have the discipline to stop while you are ahead. The odd psychology of gambling makes that difficult. I remember at just dice watching people go up 30-40 bitcoins at times only to bust and lose their gains plus their original stake. 

Yeah, I remember a guy on JD that would martingale with 0.25 start and would martingale until he made 30 BTC profit. He made 30 BTC everyday for a few weeks and only got to 64 BTC bet once.

wow that is pretty awesome :)

as i said martingale can work

but you need a much bigger balance !!!

it works until it doesn't .. better to mix it with some labouchere/ reverse labouchere and some random bets. In the end of the day it all depends on luck.

I feel like as long as you have an amount of money deposited that you don't mind losing, martingale is an okay tactic.

its better just to have a very big bankroll to sustain those big streaks by martingale. And you should start with a less base bet.

every site has a bet cap, so no, that wont work . martingale aka martinfail  :o

Anyone can explain what Martingale is?

You will generally bet on something that has roughly 50/50 odds of you winning your bet and a payout of roughly 2:1 (the house edge will need to make either the payout less then 2:1 or the odds worse then 50%).

You start with a small bet. If you win then you bet the original amount. If you lose then you double your bet. If you lose a 2nd time after you lost the 1st bet then you double your bet again, if you win then you reset your next bet to your original bet amount. You repeat this process until you are done betting.

The problem is that you will quickly reach the house max bet and/or your bankroll will not be able to support a larger bet in the event of even a modest loosing spree.

Martinfail is exactly right. If you have the discipline to stop if you are lucky enough to get ahead it can work but there is a very odd psychology to gambling that makes it tough. 

Martingale system isn't only extremely risky, but it isn't worth the money because you can win always the first bet amount using this system.

For example:
you bet 2 satoshis to win 4 sat.

1st round:
if you win you get 2 net satoshis.
If you lose and then use the Martingale, even if you play 100 times, if you win at the 101st you win 2 satoshis anyway.

Gambler's falacy :D

most sites' nowadaze have martingale detection trip-switch  ~ good luck beating the scammers! lol :-D

Extremely good article.  :)

nice article... experienced some bad luck from martingale too got some 15 losing streaks that drained my money  :-\

I think Martingale Trick is the best & the worst trick to gambling  ;D
That's right most amateur people only use martingale trick / gamble all at once

But, i think Martingale is works fine if you only use faucet  ;D

With a right provably fair implementation, sites won't be able to analyze your playing style and get advantage on it. Also, they don't need to. :)

I do not like the martingale.
The money to be put into the game increases exponentially with the launch losers, and we quickly convince that to ensure victory, we should have an infinite capital you can bet, and the dealer also should be willing to accept any items size.
but unfortunately it is not!!!

so .. stay away from martingale strategy!!!!

 ;) ;) ;) ;) ;)

sure yeah right : imo any "fair" site will get botted to hell! :-D

Why do people martingale anyways then? i dont get it..

theres a lot of people who use it and say it works..

Because it works great, until it doesn't. And when it doesn't it does way more damage than you made over the time while it was "working"

martingale is when you increase your bet on loss

martingale = martinfale ;)

If there is a large difference between your starting bet and the lesser of your bankroll and the house max bet amount then you will generally be able to make a small amount of money as the chances of having a bad luck spree early on is very low. At the very least you will want to have at least 100x in a bankroll as your starting bet and you potentially can make a small amount of money realistically if you know when to stop.

The problem is that many people get greedy and end up loosing their entire bankroll. At a point martingale somewhat becomes an all or nothing type bet

It's not about getting greedy, it's how martingale works. If you are doing martingale and you lose 10 in a row, is making the 11th bet greedy? Either making the 11th bet is greedy, or martingale failed because you didn't make a profit.

Martingale is a losing strategy.

Having a bot Martingale for you just makes you lose faster.

Sites welcome Martingale players because they know they will end up losing. There's absolutely no need (and if the site is designed probably, no way) to cheat them.

Ne1 who martingales is weak minded

Ne1 who gambles professionally uses math. Nuff said

+1
You know why dice sites introduce autobet feature? Because it help increase the total wagered amount easily and hence the expected house profit.

designed "probably" <---- you nailed it! ha :-D

Happened to me few times. First you win and get more comfortable, raise bets and bam. Everythings gone. Be careful when you gamble!

Dooglus probably made a typo there when trying to type "properly".

^it's a traaaaap! ;-D

I don't get it .. I guess I'm simple minded :/

It may work a 100 times.... and then you lose all your money.  ;D

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

I wouldnt doubt that the system just jacked u... Hard to do that in 50/50 its like getting hit by lightning.

U cant even dispute it since they will throw the math book at u.. I wouldnt doubt if these sites detect martingalers and screw the ones over who bet alot of money... I bet u did lose alot and i bet the site got u amd not math.. Although it doesmt always have to be that way just another reason not to use it

Maybe, you should only martingale if you have the bankroll. I have seen players who martingales with base bet of few sats, and were betting 5 btc as their last bet. If you keep around 25 losses in mind, you should be fine with martingaling(for a short term)

Martingle is a great system if you have unlimited money. Please see why does the casino has the max bet limit?

But my best strategy ever is never stop playing when you are on winning streak and stop playing when is on losing streak.

I made a little money with it.

Honestly this is just common sense. Learn stats or probability.


When you martingale more and more , eventually you will be cleaned out.

Very true, and the main point of gambling IMO is you need to know when to stop both when you are up and you are down. :)

In term of probability, martingale maybe the same with betting on high win chance. But martingale allows you to control when to stop.

it's pretty common to have 20+ loss streaks at 49.5% on dicesites. If your basebet is 1mBtc using that method, 40 BTc won't be enough.

truth is anyone who comes with a consistently winning strategy will be flagged by the site operators just as i real life in Vegas if you are some kind of epic card counter .. psychic or something they will chuck you out of the casino so fast lmao ;)

do your choise..
but if, remeber IF, you will fail...
let me tell you "I told you so"

 ;D ;D ;D ;D ;D ;D

Martingale: the best way to lose many in the hope to win few, very few

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Then no one can martingale in real life, because you can't double your bet forever.

use martingale system carefully and smart. Don't just start the auto-bet bot and go to facebook. You will surely LOSE. Play until you profit on  a larger scale, and as soon as you get to the big bet and win, stop. Otherwise, you will lose all.

Playing a Martingale system is a guaranteed way to lose money in the long-term unless you have unlimited funds and there are no table limits. That's the ONLY that the Martingale will work.

Say what ?? I'm lost?

Casino's and gambling sites have table limits, which limit people from continuing their bets even if they have 1000's of BTCs, and this is another edge a lot of casinos have.

Sweet been looking for a good one. Going to test it.

I got 6 time of reds on a %80 chance win game of PrimeDice,

and on a %49.5 chance game of Freebitco.in i got 25-28 turns of fails.

Martingale is a blackhole.

The best way to gamble is, win as quickly as possible and then run away while you are ahead.

The more you play, the more you lose.

Could you martingale in PD?

Of course. There is autobet and the maximum payout is 20 BTC

There is no smart way to use martingale. The best way is to not gamble at all.

Nice and true article. I can describe my experience EXACTLY like this!

 i have martingaled before starting with a BR of .04btc and was able to turn it into 1.2btc but the sad thing is my stupidity got the better of me :/

I think there would have been no problem if in the OP you had talked about that the strategy referred to the martingale

that's all

 ;) ;) ;) ;) ;) ;)

There is a market for trustless gambling games

And theres a lot of them.

And would you believe if some trusted personalities here are behind those scammy games.

Its actually hard to martingale from 0.04 to 1.2 BTC considering the minimum bet of 1 satoshi. You would be doing well over a million bets I believe to get there, as you will be winning a low base bet each time and 1 bad streak could wipe off everything. You might have been lucky.

It's the same chance to place a 3x bet

Freebitco.in must be rigged. The last famous person for having a 26 loss streak was in 1908 or something, and someone in JD.

I think that is a scam site.

I heard some "not so good" feedback about them

Does it offer a provably fair model? Also, it wasn't in 1908 :)
It was last year, and the longest streak reported on JD was 28.

That's why it is a bad idea. You will eventually hit themwx bet or go broke.

The min bet on online casinos is like 1/100 cent, and even doubling up that, you could come up to like 400$. In casinos, min is around 1-5$, so its even harder.

Which ones are trustless?

@sidhujag, just play on the trusted ones, no point in trying out new sites.

Getting from 0.04 to 1.2 is a whooping 30x rather than 3x, of course it is a lot harder than winning a 3x bet lol. ;D

U dont get it... Trustless != community standing

is martingale worth it still though? like when do we should we stop using it?

trusted ones are sites that are around for years without story of scams of dishonest behavior.

untrusted ones are the rest.

That simply

You stop when you're winning  :D. Keep going and you'll bust soon enough. It often works in the short term providing you've got a big enough bankroll, but you'll hit a big loss streak eventually and lose your entire funds within a minute.

But the only problem with this argument is when to stop. I guess, the gambler could set a goal of sorts and stop when that is achieved.

But that is the question of all gambling - when to stop? Martingale is to easy to get sucked into because you're covering your back with each bet and when you start you'll naively think you're just making free money... that is until your luck runs out which it soon will. When to stop all depends on your own goals that you should set yourself and stick to, though obviously it's never quite as easy as that.

Greed gets the best of most of them( i would probably fall into it as well). Another user on the forum, posted about a strategy to beat the system but was ultimately using martingale , and lost over 30 btc .

If your base bet is 1 satoshi you would need about 150.000.000 bets to get to 1.2 btc

Not always the case, it also depends on the multiplier and the win chance. If I put the multiplier @ 110% increase each time I lose or If I'm using the 34% win chance not the usual 50%.

Yeah, that is why I only play on PD and Win88.

I think that should usually depend on what kind of martingale strategy you are using.
Some people martingale at 50%. Some also matingale at 10% or at 90%.
They just increase their base bets by different ratios.
Also, at 90% a martingale of 7-8 would get you at >1 BTC.

Well, you could always have a bad streak in the early stage. But if you set yourself a goal and stop at that, then maybe you will end profitable. I have seen players start with a bankroll of 5 BTC,  and stopping at a profit of 2 BTC. Also, once you have a big profit, you could potentially end your streaks at a smaller amount, so you are still profitable, and you are over with your bad streaks. But again, it is always a gamble.

I dont see how you can use 90% at 1 satoshi bet, that means you would win like what 0.1 satoshi each win?
And anyways it would be the same at any ratio

Nope, the minimum bet incase you are betting at 90% would be 10 satoshi to win 1 satoshi.
And would follow, 10,100,1000,10000...

Anyone tried to do it and got some kind of warning about the returns?

The rounding problem is an issue in the martingale strategy and should be take into account.

The rounding problem does happen with 1 satishi. But betting 1 satoshi to win 0.1 satoshi is not worth it. Also, betting at 90% is an extremely slow strategy and people can have losing streaks up to 7 or 8.
I have had 7 myself.

Same with me several and several times and noe out of dice and casinos.
Starting with some trading :)