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Title: Does Martingale Work? Post by: Tytanowy Janusz on February 20, 2019, 10:40:29 AM I've started to learn to code and one of my first programs was Martingale test.
Assumptions: 1- after every lost bet i double 2- after every win bet i go back to initiation bet 3- initiation bet is 1 $ 4- when i can't afford for next bet i exit casino with money i have left 5-I do 100 000 test 6- After every win limit is increased by winning amount. First test with limit of 1000$ (1000 times oryginal bet) - I think that its amount that most of Martingale enthusiasts enter casino (1000 times more money than single bet). https://i.imgur.com/hnf79UO.png Average gambler was in casino for 4.8 days and was loosing 10.21 $ per hour. The Richest gambler achieved 446 k $ after 5 years in casino - day by day 8 h a day. Let's test 1 000 000 times original bet (my pc was calculating it for too long so i set nr of test for 10 000 - i think that its enough to get satisfying results) https://i.imgur.com/zajfuOw.png Again loss. 20$ per hour on average. Average gambler survived 1 mil rolls and exit with 570 000$. The Richest gambler spent 28 years in casino and tripled money - he was not zeroed. He reached limit of rolls set by me to avoid infinite loop. 28 years is in fact maximum for human to spend in casino (btw. tripling in 28 years. Inflation is bigger :) ). Well. Maybe strategy was to hardcore - playing untill death and taking what's left. Let's say that you would quit after doubling money or go home with 0. I code that too to see what the chances are. Lets start easy. We enter casino with 500$ and want to exit with 1000$ https://i.imgur.com/cdYKnG0.png Only 39% of them doubled money. Its less than if they enter casino and bet everything on red (~48%). 500$ is too small? Lets start with 1 000 000 $ again. https://i.imgur.com/TbEz1HO.png Loss again. Even worst - 27% chances to double. That's because with higher limit you have to earn more to double. This simulation shows that Martingale simply don't work and is worse than betting everything on red and going home. Gambling should be considered as fun with luck. Every strategy would destroy you and your brain. Go, bet earn/loos have fun but don't thing that with special strategy you have chance to win repetitively and earn for living. Well you can but due to luck ... net math and strategy. At the end i'll post few result. https://i.imgur.com/ed1dIxF.png I can share my code but i bet you can all write it by yourself. Its easy after few days of learing. That way you can simply test every possible strategy for free. Title: Re: Does Margingale Work? Post by: vennali on February 20, 2019, 11:18:50 AM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing.
Title: Re: Does Margingale Work? Post by: shoreno on February 20, 2019, 11:40:55 AM The only way Martingale works is when you have unlimited amount of money. thats no make sense at all to gamble if you already have unlimited amounts of cash on your stash . Otherwise, the house edge always wins. no either . i can won several times using martingale method but i was playing safe . It works well for the first few times though. not really . sometimes i lost the first try after i use martingale . make you sure you have enough money to make an epic comeback You could get away with profits but if you keep doing it, you are bound to go down with nothing. hell yes . greed is not good all the time . martingale is working but do not abuse it because karma can come too fast . Title: Re: Does Margingale Work? Post by: carlfebz2 on February 20, 2019, 11:51:30 AM Appreciate those codings but I don't know how its being calculated know the years for you to double or triple money as I have seen it do take years and by the way
Martingale strategy doesn't really work for long term unless if you are lucky and cash out for the exact time. There are lots of similar martingale topics in the past. https://bitcointalk.org/index.php?topic=610339.0 https://bitcointalk.org/index.php?topic=2570086.0 https://bitcointalk.org/index.php?topic=1751207.0 https://bitcointalk.org/index.php?topic=2995887.60 https://bitcointalk.org/index.php?topic=610339.520 https://bitcointalk.org/index.php?topic=4963525.0 Title: Re: Does Margingale Work? Post by: libert19 on February 20, 2019, 12:07:58 PM The only way Martingale works is when you have unlimited amount of money. ...and who cares about strategies/gambling when one have unlimited money? Title: Re: Does Margingale Work? Post by: ralle14 on February 20, 2019, 12:42:42 PM The only way Martingale works is when you have unlimited amount of money. thats no make sense at all to gamble if you already have unlimited amounts of cash on your stash .no either . i can won several times using martingale method but i was playing safe . If you win in a casino by playing safe other players will take the losses and if you continue betting the numbers will even out until the casino goes back in profit. The casino will always find a way to stay profitable, they only lose once every player stops playing.Appreciate those codings but I don't know how its being calculated know the years for you to double or triple money as I have seen it do take years and by the way On the second simulation it took 28 years to triple the starting balance because the base bet was so low causing the profit to be low as well. Martingale strategy doesn't really work for long term unless if you are lucky and cash out for the exact time. There are lots of similar martingale topics in the past. Title: Re: Does Margingale Work? Post by: YuginKadoya on February 20, 2019, 01:08:10 PM May I know If you include the house edge on your computation? I think it may vary a lot of different outcomes in playing martingale, But perhaps it will just make the same output even though you have changed house edge percentage to 99% I really think it will always end up in a lost, I really think we should play gambling in moderation and should learn to have good feeling on when will you stop playing it and just call it a day then try your luck in another day, there are no tactics in a luck base platform it would only apply to skill based games like poker and Sports Betting that is why I always play those games and luck base games in moderation.
Title: Re: Does Margingale Work? Post by: swogerino on February 20, 2019, 01:21:10 PM It doesn't work in the long term and what you show through your pictures don't really mean something except pure luck.
Many and many persons have tried in the past to win with this strategy but up to today no one has managed to win with it. A lot of persons have lost a lot of money with it is the most common result of this strategy. Title: Re: Does Margingale Work? Post by: Caladonian on February 20, 2019, 01:23:10 PM Appreciate those codings but I don't know how its being calculated know the years for you to double or triple money as I have seen it do take years and by the way Those threads regarding to martingale all have the same results, in the long stay house will win, either with HE or gamblers greediness,Martingale strategy doesn't really work for long term unless if you are lucky and cash out for the exact time. There are lots of similar martingale topics in the past. https://bitcointalk.org/index.php?topic=610339.0 https://bitcointalk.org/index.php?topic=2570086.0 https://bitcointalk.org/index.php?topic=1751207.0 https://bitcointalk.org/index.php?topic=2995887.60 https://bitcointalk.org/index.php?topic=610339.520 https://bitcointalk.org/index.php?topic=4963525.0 but I also appreciate your time bringing this here giving ideas for gamblers to try their own code and see how they can see any little edge against the house. If ever there's possibilities not to be greed while playing, most of the time gamblers too much attachment always bring them to suffer loses. Title: Re: Does Margingale Work? Post by: leonair on February 20, 2019, 01:34:25 PM not really . sometimes i lost the first try after i use martingale . make you sure you have enough money to make an epic comeback What do you mean by this? you can't do martingale with a single bet though so how come.There was a time that I'm using this kind of technique when gambling and really needs a huge amount of balance in able to do it. Back then, I've got my balance ready for consecutive losses and guess what, I've check the history of my bets and lose 16 consecutive with 49% win rate, so the moral story here is you'll still lose no matter what technique you will be using and if you won't be contented to your winnings as the casino are designed to win over time. Title: Re: Does Margingale Work? Post by: BitBustah on February 20, 2019, 02:02:53 PM Sorry but it doesn't work, if there was a way to always beat the casino they wouldn't still be in business. You will eventually hit a really bad losing streak even though you think it is impossible. Also casinos always have max bets in place from even attempting this strategy on a large scale.
Title: Re: Does Margingale Work? Post by: tokeweed on February 20, 2019, 02:08:19 PM ^ Yup. If anything, you should be betting smaller and smaller as you lose to preserve your bankroll so that you keep yourself in the game until the momentum is on your side.
Title: Re: Does Margingale Work? Post by: Tytanowy Janusz on February 20, 2019, 03:11:38 PM ^ Yup. If anything, you should be betting smaller and smaller as you lose to preserve your bankroll so that you keep yourself in the game until the momentum is on your side. If you are gambling because you like it and you want to have fun than your strategy is great. If you are gambling hoping to earn than mathematically speaking you should not gamble at all and if you still want you should bet all your wallet on red and go home with x2 or - 0. That way you have 48% chance to double. Every other strategy lowers propability. If you don't trust me I can code and run simulation of any strategy. Title: Re: Does Margingale Work? Post by: angel55 on February 20, 2019, 03:31:55 PM I think the best strategy is to place only a few bets in large amounts. The longer you bet the closer the results will be to the expected odds.
Title: Re: Does Margingale Work? Post by: Bitinity on February 20, 2019, 04:41:38 PM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing. You get it really wrong, because there is always max bet allowed in all gambling site. Unlimited balance will be useless once you reach the max allowed bet, as you cant bet higher to recover the losing streak. Martingale or whatever the strategy, it works when you are lucky only. Title: Re: Does Margingale Work? Post by: joeperry on February 20, 2019, 04:56:25 PM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing. I agree with this I've tried to gamble few times and start with a small amount and do a martingale strategy it's really true that at the first few times it works but after some time I started losing and losing and also it's true that you really need a high amount of playing money and a certain amount goal to success in martingale strategy. But I also tried investing a medium amount of crypto to a gambling site but still lose in martingale strategy. :D Title: Re: Does Margingale Work? Post by: crzy on February 20, 2019, 09:29:06 PM It doesn't work in the long term and what you show through your pictures don't really mean something except pure luck. Honestly i tried this one before and the result is also negative since I’m not lucky that time. So for me, this is really not good and it will just make your money lose in the long run. Do you find any gamblers who succeed through this one? I think none. Gambling is still about luck no matter what strategies you are using.Many and many persons have tried in the past to win with this strategy but up to today no one has managed to win with it. A lot of persons have lost a lot of money with it is the most common result of this strategy. Title: Re: Does Martingale Work? Post by: MakeMoneyBtc on February 20, 2019, 09:50:09 PM From my experience sometimes it does work sometimes but not enough to get me in profit on the long term. So I wouldn't advise using only this strategy when betting same as I don't recommend using a single strategy for a very long period. At the end from my opinion it all comes down to luck when playing this kind of strategies, especially when you are aiming for big money.
Title: Re: Does Martingale Work? Post by: leowonderful on February 20, 2019, 10:06:27 PM From my experience sometimes it does work sometimes but not enough to get me in profit on the long term. So I wouldn't advise using only this strategy when betting same as I don't recommend using a single strategy for a very long period. At the end from my opinion it all comes down to luck when playing this kind of strategies, especially when you are aiming for big money. It's not just your opinion. Every strategy in gambling requires at least some amount of luck due to the house edge being in play and sheer luck being against you, especially ones like Martingale, which are mathematically proven to generate a net loss over time. I've seen numerous posts like this over the last few months in this very section of the forum, and the outcome's nearly the same with every test of any method that's based off Martingale- you're going to lose over the medium to long-term. Gambling isn't meant to be profitable for you in the first place. There's really no way to make money consistently from a digital casino unless a game is fundamentally flawed, which rarely happens and is usually patched very quickly in this digital age. Title: Re: Does Martingale Work? Post by: ripplecanavari on February 20, 2019, 10:13:35 PM i lost too much money when i try that strategy i doesn't work for me sadly ... i give up just litte bit luck thats all
Title: Re: Does Margingale Work? Post by: harizen on February 20, 2019, 10:18:42 PM Martingale "does works". If doesn't then the term shouldn't be not existed here in gambling world. It's just that it "doesn't always works" since aside from the betting style, people have to consider the house edge and other factors. There is also a type of gambling where martingale is effective*. Just don't used that style on long term betting or it might wrecked your precious wallet. The only way Martingale works is when you have unlimited amount of money. You can't. Gambling sites does have bet limits. Title: Re: Does Martingale Work? Post by: khaled0111 on February 20, 2019, 11:00:11 PM You should have a huge capital to start with to be able to double the betted ammount if you lose many times in a raw.
Also, you should know when to stop playing, you should not be greedy. Anyway, few are the casinos that will let you use the martingale strategy. Title: Re: Does Martingale Work? Post by: Dreamchaser21 on February 20, 2019, 11:24:58 PM i lost too much money when i try that strategy i doesn't work for me sadly ... i give up just litte bit luck thats all This is the result of this strategy and we should not continue using this one. Almost all the comments here are negative so technically, Martingale is not working well. In gambling your luck is important, no matter what your strategies are you will still ended up losing the money if you’re not lucky.Title: Re: Does Martingale Work? Post by: imstillthebest on February 20, 2019, 11:35:15 PM You should have a huge capital to start with to be able to double the betted ammount if you lose many times in a raw. I use martingale all the time whenever i play dice games but i dont have a huge capital . what i do is i first bet 0.00000001 sats , i roll the dice and wait for it to loose three times in a row after that i then max my bets . if i loose i quit and if i won ill try again . Also, you should know when to stop playing, you should not be greedy. Thats the key to win using any strategy not just only for martingale . Anyway, few are the casinos that will let you use the martingale strategy. All casino allows any strategy but all have different probability of winning . i lost too much money when i try that strategy i doesn't work for me sadly ... i give up just litte bit luck thats all Its either your not doing it right or you are too greedy . or maybe you are just badluck when it comes to gambling . Title: Re: Does Martingale Work? Post by: rodel caling on February 20, 2019, 11:45:35 PM Depends on the lucky day during playing ib casino first roll got loss double the bet isn't good idea for because how about 3x i got loss so 3x i increase my bet ithink that idea isn't advisable those people playing in casino get fun not to find source of income.
Title: Re: Does Martingale Work? Post by: cryptovigi on February 21, 2019, 12:56:25 AM An interesting post ... in theory this strategy seems to be perfect but as many of you already pointed out there is need to have... an unlimited resources and one more thing - possibility of placing unlimited bets ...
It's amazing that starting from $ 1 at the tenth plant in a row we are already at the level of 512 dollars, with the twenties it is 524 thousand dollars and 30 is already half a billion - interesting which casino will accept such a bet (and how many chips will it be ???) but that's all - look at what is happening at the 30th bet - the last bet is on the table - over half a billion (on the way I have already dipped 29 times so I have bet on over $ 1 billion in all these bets if the last 30 bets are won ??? the whole one dollar !!!! - is it a joke???!!! Code: bet worth of bet increasing value real win taking into account that we still have to set up unlimited resources - there is no point doubling the bet - we have to at least triple it - then the win will be half of the last bet, that is, it starts to make sense ... Although in this case the one dollar in the first bet changes into billion in the 20th bet, but the possible win looks much better Code: bet worth of bet increasing value real win i'm wonder how the change from doubling to tripling previous bet would change your test... Title: Re: Does Martingale Work? Post by: Shinpako09 on February 21, 2019, 02:23:11 AM Martingale really works but only in short term. If you used it in the long run, you'll eventually lose even if you have a big bankroll. If martingale works perfectly, online gambling won't boom as of now and many casinos will get bankrupt easily. I've tried it when I was new in dice. The experience was good until I got 20red streak which I thought before is impossible to happen. Since I stopped using it, I didn't used it again up to now and don't want to use it again ever.
Title: Re: Does Martingale Work? Post by: Natalim on February 21, 2019, 05:17:08 AM You don't have to make things complicated, martingale is just a betting strategy what's important is you know how to win and when there is a house edge, there's no way your winning moment will last. Even how many times you will try, I believe you will still end up a loser in the end.
The fact that you don't put any target amount of your max winning, that will make you a loser. Title: Re: Does Martingale Work? Post by: emberbekas on February 21, 2019, 07:35:30 AM Martingale really works but only in short term. If you used it in the long run, you'll eventually lose even if you have a big bankroll. If martingale works perfectly, online gambling won't boom as of now and many casinos will get bankrupt easily. I've tried it when I was new in dice. The experience was good until I got 20red streak which I thought before is impossible to happen. Since I stopped using it, I didn't used it again up to now and don't want to use it again ever. Every betting strategy, if we use it repeatedly, will definitely give us bad results. In gambling, there are times when we are lucky and vice versa. The important stuff is how we manage our money, in the hope of earning profit or at least not losing too much money through gambling. Martingale will work at some points but there is no guarantee that we will get the expected result all the time. Title: Re: Does Martingale Work? Post by: adaseb on February 21, 2019, 07:43:22 AM I've done similiar coding before and tried to find some "holy grail" strategy using Microsoft Excel and had little luck.
Basically with a house edge even at 0.1% , you will always go bust when time -> infinity. I tried to do strategies like "Only bet big after 15 losses in a row", or "Only bet big after 20 losses in a row" and the results were all the same. No actual edge was given. Thanks for posting this. Gave you some merit for your hard work. Title: Re: Does Martingale Work? Post by: cryptovigi on February 21, 2019, 07:54:53 AM ... Every betting strategy, if we use it repeatedly, will definitely give us bad results. In gambling, there are times when we are lucky and vice versa. ... Otherwords... there are no good betting strategy at all... it's always all about the luck... not too good, but maybe that's why we call it gambling? Title: Re: Does Martingale Work? Post by: arco-yabamba on February 21, 2019, 08:32:43 AM n ono n on no n ono no no no n ono n no no no no no n on n on no no no no no no nonon on no
Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on February 21, 2019, 09:22:03 AM i'm wonder how the change from doubling to tripling previous bet would change your test... Code: Limit: It worked well. 43% probability of doubling - 27% in original strategy. Well if by increasing multiplier we increase probability than it would be wise to check what's with x5. Code: ... x10 Code: ... and x100 Code: ... It looks like x2 is extremely unprofitable. Increasing multiplier instantly boost performance until we reach 3. Further increasing is not changing probability significantly. From my observations of different strategies results that every strategy that makes us spend more time in casino in fact lowers our probability to double. It seems that putting all portfolio on red gives 48% probability of doubling and that's optimal strategy. Changing multiplier worked because we actually spend much much less time in Casio (quicker bankruptcy or double). Code: Limit: x3 let us spend in casino 29,8 days on average in compare with 2580 days with x2. Thats close to 100 times less with 50% multiplier increase. Title: Re: Does Martingale Work? Post by: Fredomago on February 21, 2019, 12:44:35 PM ... Every betting strategy, if we use it repeatedly, will definitely give us bad results. In gambling, there are times when we are lucky and vice versa. ... Otherwords... there are no good betting strategy at all... it's always all about the luck... not too good, but maybe that's why we call it gambling? it better unless you are a lucky gambler that be able to quit while some profits still inside your bankroll. Title: Re: Does Martingale Work? Post by: Johnyz on February 21, 2019, 12:53:53 PM n ono n on no n ono no no no n ono n no no no no no n on n on no no no no no no nonon on no Lol. This is too much but yeah its convincing.I also disagree that Martingale works because i lose money before because I tried to do this and then after that, I don’t used any strategies. Maybe in gambling, some strategies will work fine on your first try but it will not last since the house will always win. Title: Re: Does Martingale Work? Post by: arco-yabamba on February 21, 2019, 01:04:01 PM n ono n on no n ono no no no n ono n no no no no no n on n on no no no no no no nonon on no Lol. This is too much but yeah its convincing.I also disagree that Martingale works because i lose money before because I tried to do this and then after that, I don’t used any strategies. Maybe in gambling, some strategies will work fine on your first try but it will not last since the house will always win. You're right, it was too much lol. But there is no other answer. Of course, for new people to the question... it can always be interesting to explore in theory. But we need to be very clear - martingale is not a good real-life idea. Title: Re: Does Margingale Work? Post by: Oceat on February 21, 2019, 01:20:02 PM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing. Nah, i don't believe this because if there is a house you were the one that is going to lose after all. Not if you are so lucky to win, thus betting is by chance of luck though there are some games that don't require luck but only with skills. I guess skills may be a good match of martingale to ensure your winnings.Title: Re: Does Martingale Work? Post by: cryptovigi on February 21, 2019, 01:31:45 PM One idea came to my mind... OP could you modify your application to check how many times in row roulette should give "red" I'd like to see something like: "roulette gave 1 red in row 35.752 times 2 red in row 12.258 times 3 red in row 4.659 times 4 red in row 3.215 times ... 15 red in row 24 times 16 red in row 5 times" could you check it? Thanks in advance.... Title: Re: Does Martingale Work? Post by: Indrawan77 on February 21, 2019, 01:35:34 PM Martingale technique has been proved that it cannot make the gambler win in long term, its because the capital we got is limited, the house edge and the losing chance is bigger if we play for the long time, but if you play safe and know when to stop then you can make profit with martingale, but it won't work every time, set your stop limit will make you got better strategy to make profit
Title: Re: Does Martingale Work? Post by: nydiacaskey01 on February 21, 2019, 02:21:00 PM Loss again. Even worst - 27% chances to double. That's because with higher limit you have to earn more to double. This simulation shows that Martingale simply don't work and is worse than betting everything on red and going home. Gambling should be considered as fun with luck. Every strategy would destroy you and your brain. Go, bet earn/loos have fun but don't thing that with special strategy you have chance to win repetitively and earn for living. Well you can but due to luck ... net math and strategy. I agree! Gambling is a game of chance not a game of strategy. Even if you say you play a poker game which is also a game where you need to have skills in bluffing and reading your opponents body language, still if your opponent gets a better card than yours then no strategy or skill can beat that.Title: Re: Does Martingale Work? Post by: reflector on February 21, 2019, 02:50:05 PM In and of the fact that there is dependably max wagered permitted in all betting site. Boundless parity will be futile once you achieve the maximum permitted wager, as you cannot wager higher to recuperate the losing streak. Martingale or any form of gambling the procedure, it works when you are fortunate as it were. Each procedure in betting requires probably some measure of fortunes because of the house edge being in play and sheer fortunes being against you, particularly ones like Martingale, which are numerically demonstrated to create a total deficit after some time.
Title: Re: Does Martingale Work? Post by: wuvdoll on February 21, 2019, 03:15:26 PM Martingale technique has been proved that it cannot make the gambler win in long term, its because the capital we got is limited, the house edge and the losing chance is bigger if we play for the long time, but if you play safe and know when to stop then you can make profit with martingale, but it won't work every time, set your stop limit will make you got better strategy to make profit Regardless of short-term or long-term, a mathematical formula must work in similar manner. If it is not, something at somewhere is missing out or getting manipulated against us. I'm just talking about the general truth of how a mathematical thing must work. Still we must agree, no one could predict our luck factor how will it behave both in long term as well as in short term.Martingale strategy must work everywhere but it is also influenced by our luck factor because we cannot claim that there will be no chances for having continuous negative things to happen for us in real life too. It may happen or may not happen and no one could tell anything about that. Title: Re: Does Martingale Work? Post by: gabmen on February 21, 2019, 04:36:38 PM Loss again. Even worst - 27% chances to double. That's because with higher limit you have to earn more to double. This simulation shows that Martingale simply don't work and is worse than betting everything on red and going home. Gambling should be considered as fun with luck. Every strategy would destroy you and your brain. Go, bet earn/loos have fun but don't thing that with special strategy you have chance to win repetitively and earn for living. Well you can but due to luck ... net math and strategy. I agree! Gambling is a game of chance not a game of strategy. Even if you say you play a poker game which is also a game where you need to have skills in bluffing and reading your opponents body language, still if your opponent gets a better card than yours then no strategy or skill can beat that.I disagree. You may have a better card in poker but that doesn't autimatically amount to a win. Experienced poker players can beat you even with superior cards. And for martingale, it's a short term strategy. It may not have worked for you but people have utilized that strategy to make a lot of money. A good strategy can always bail you out if you're out of luck. Title: Re: Does Martingale Work? Post by: prtty2gal2 on February 21, 2019, 04:59:25 PM Martingale strategy must work everywhere but it is also influenced by our luck factor because we cannot claim that there will be no chances for having continuous negative things to happen for us in real life too. It may happen or may not happen and no one could tell anything about that. How a mathematical thing will be also influenced by our luck factor ? I mean what will be the relation between a mathematical thing and and our emotional thing ? Only martingale strategy will be influenced by our luck factor or all other strategies also ? I am asking this because I want to know only this strategy will not work for gambling or all other strategies also will not work for our gambling ?In my opinion, when a strategy is a mathematical thing then it should not be influenced by our luck factor. Even it will be influenced by luck than it should not be a strategy it is just another way of gambling and nothing else. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on February 21, 2019, 05:33:05 PM One idea came to my mind... OP could you modify your application to check how many times in row roulette should give "red" I'd like to see something like: "roulette gave 1 red in row 35.752 times 2 red in row 12.258 times 3 red in row 4.659 times 4 red in row 3.215 times ... 15 red in row 24 times 16 red in row 5 times" could you check it? Thanks in advance.... Sure ill code it but i need further informations. This program perform thousands of tests. Every one is similar to 1 gambler entering casino. You want my program to count combos in single test or sum in whole simulation (10 000 - 100 000 tests) or average? You want to test it in first strategy (play until death - if so what limit?) or in second (play until double or death). Title: Re: Does Martingale Work? Post by: cryptovigi on February 21, 2019, 07:55:30 PM .... Sure ill code it but i need further informations. This program perform thousands of tests. Every one is similar to 1 gambler entering casino. You want my program to count combos in single test or sum in whole simulation (10 000 - 100 000 tests) or average? You want to test it in first strategy (play until death - if so what limit?) or in second (play until double or death). I was wodnering what is probability distribution to draw one color repeated many times in a row in a given sample.... I thought that knowing this schedule I will be able to choose a system that will increase the probability of winning - for example, start after drawing black three (or maybe four or five) times in a row and then betting a few times red I used excel spreadsheet to simulate one million draws and saw that shedule is quite simple focusing on red i got such drowns red one time in row: 125.265 red two times in row: 63.066 red three times in row: 31.047 red four times in row: 15.562 red five times in row: 7.820 red six times in row: 3.870 red seven times in row: 1.915 red eight times in row: 920 red nine times in row: 481 ... red nineteen times in row: 1 so in any case, drawing a given color once again is close to 50/50 that means that my theory sucks - starting to bet when one color was already drawn severeal times rather won't rather increase the chances of winning but you could still perform some simulation just to make sure if it has any influence on results.... Title: Re: Does Martingale Work? Post by: beerlover on February 21, 2019, 08:24:46 PM How a mathematical thing will be also influenced by our luck factor ? I mean what will be the relation between a mathematical thing and and our emotional thing ? Only martingale strategy will be influenced by our luck factor or all other strategies also ? I am asking this because I want to know only this strategy will not work for gambling or all other strategies also will not work for our gambling ? Probably he meant that martingale strategy is employed by gamblers against the random number generation of gambling houses. It means if you're lucky enough then you will get your favorable numbers in house's random number generation. Due to this reason we are facing continuous losing streaks when we are using martingale strategy.In my opinion, when a strategy is a mathematical thing then it should not be influenced by our luck factor. Even it will be influenced by luck than it should not be a strategy it is just another way of gambling and nothing else. I agree with you that martingale strategy is providing gamblers a method to gamble against the gambling house. In this method, we need to compete against random number generations. In this part we must need luck so that we will not have long continuous losing streaks. Regarding in this part, martingale strategy has nothing to do. Title: Re: Does Martingale Work? Post by: shield132 on February 21, 2019, 08:57:44 PM When people were creating casino and offering games, it wasn't done blindly. There are a lot of mathematical things done to determine profit, maximeze casino's chance of win and decrease your. That's why casino always wins, you can't see any casino has gone bankrupt, not only casino, even sportsbook.
Btw new mydicebot has option of doing such tests. Title: Re: Does Martingale Work? Post by: StarofBTC on February 21, 2019, 09:26:39 PM Btw new mydicebot has option of doing such tests. This sounds interesting. What is your experience with dicebots ? Are you into profits or at least recovered some money you have spent for this bot (I assume it is not a free one). I just googled and finding many results regarding this dicebot but what I actually looking for this, more real gambler's review. Because that alone will help me to gamble better. If your time permits, kindly share your experience with mydicebot.Title: Re: Does Martingale Work? Post by: perla on February 22, 2019, 02:09:03 AM If people ask does martingale work? Of course it works. But if the question is martingal give profit constantly? i will answer big no. Because like people said about unlimited capital, you wouldn't know when bet site took all your money in 1 click.
Title: Re: Does Martingale Work? Post by: Ipwich on February 22, 2019, 03:44:05 AM If people ask does martingale work? Of course it works. But if the question is martingal give profit constantly? i will answer big no. I don't understand, your statement is contradicting, if it works that means it's profitable. We only need to know if it's profitable or not and there's no reason to discuss this method if this would not give us a profit based on expectation. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on February 22, 2019, 08:47:57 AM but you could still perform some simulation just to make sure if it has any influence on results.... I get similar resoults from 100 mil rolls: Code: 1 times in a row: 12826843 and second test: Code: 1 times in a row: 12827925 Funny thing is that you win without fight in only 12% times. 88% times you need to fight for your win doubling. Quote for example, start after drawing black three (or maybe four or five) Well I don't think it works like this. Starting after 3 reds (4 or 5) makes me feel that some magic force knows what was before your bet and in which combo we are currently. Its not like that. I consider this simulation that its probability of loosing x times in a row not rolling red x times in a row. You can switch from red to black to red and you still have the same (48%) propability of winning and loose x times in a row or stay with red with same propability and get black x times in a row.Title: Re: Does Martingale Work? Post by: el kaka22 on February 22, 2019, 09:29:54 AM We only need to know if it's profitable or not and there's no reason to discuss this method if this would not give us a profit based on expectation. There would be plenty of reasons to discuss regardless of martingale will give us profits or not. On both the cases we must need to enlighten this community and definitely not on only on the case of profit making. I mean even it will not be profitable, we must need to enlighten this community to avoid wasting time and energy, which is the core reason why this community is here and working hard.Like many gambler's review, martingale will be profitable for short term and when we keep pushing we may face long continuous losing streaks which may enforces us bankrupted. Use martingale for manual betting across accounts and sites. You may find yourself profitable. Title: Re: Does Martingale Work? Post by: iMark on February 22, 2019, 09:40:10 AM Loss again. Even worst - 27% chances to double. That's because with higher limit you have to earn more to double. This simulation shows that Martingale simply don't work and is worse than betting everything on red and going home. Gambling should be considered as fun with luck. Every strategy would destroy you and your brain. Go, bet earn/loos have fun but don't thing that with special strategy you have chance to win repetitively and earn for living. Well you can but due to luck ... net math and strategy. I agree! Gambling is a game of chance not a game of strategy. Even if you say you play a poker game which is also a game where you need to have skills in bluffing and reading your opponents body language, still if your opponent gets a better card than yours then no strategy or skill can beat that.Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on February 22, 2019, 09:40:32 AM I thought that knowing this schedule I will be able to choose a system that will increase the probability of winning - for example, start after drawing black three (or maybe four or five) times in a row and then betting a few times red Well I don't think it works like this. Starting after 3 reds (4 or 5) makes me feel that some magic force knows what was before your bet and in which combo we are currently. Its not like that. I consider this simulation that its probability of loosing x times in a row not rolling red x times in a row. You can switch from red to black to red and you still have the same (48%) propability of winning and loose x times in a row or stay with red with same propability and get black x times in a row. Well it would be unprofessional to leave it with just words. I code that and run simulation: To compare i run regular simulation first. Code: Limit: same with playing after 3 black combo betting on red Code: ... The only thing that change is simulation time. It was so long. 3 black combo has 3% probability (3 times in a row: 3035673 out of 100 mil). Means that you play only once per 30 rolls on average. You earn 1 $ per 30 min waiting. Means that this funny guy with 1 mil, who doubled in 28 years now would need 840 years. Title: Re: Does Martingale Work? Post by: cryptovigi on February 22, 2019, 01:31:35 PM ... The only thing that change is simulation time. It was so long. 3 black combo has 3% probability (3 times in a row: 3035673 out of 100 mil). Means that you play only once per 30 rolls on average. You earn 1 $ per 30 min waiting. Means that this funny guy with 1 mil, who doubled in 28 years now would need 840 years. So it wasn't good idea at all... I'm affraid that none of us have so much time to stay in casino ;D by the way, waiting so long for the next betting would also be pretty boring... and took away all the fun out of the game Title: Re: Does Martingale Work? Post by: Caladonian on February 22, 2019, 03:09:44 PM We only need to know if it's profitable or not and there's no reason to discuss this method if this would not give us a profit based on expectation. There would be plenty of reasons to discuss regardless of martingale will give us profits or not. On both the cases we must need to enlighten this community and definitely not on only on the case of profit making. I mean even it will not be profitable, we must need to enlighten this community to avoid wasting time and energy, which is the core reason why this community is here and working hard.Like many gambler's review, martingale will be profitable for short term and when we keep pushing we may face long continuous losing streaks which may enforces us bankrupted. Use martingale for manual betting across accounts and sites. You may find yourself profitable. end effects when using it in the long process, this test simply gives an idea for newbies that still thinking to use this method, giving them possible outlook by providing each of us points and opinions. Experienced will determined what can be the end results from different people who's going to use this method. Title: Re: Does Martingale Work? Post by: Naida_BR on February 22, 2019, 03:29:24 PM If people ask does martingale work? Of course it works. But if the question is martingal give profit constantly? i will answer big no. Because like people said about unlimited capital, you wouldn't know when bet site took all your money in 1 click. Martingale is a tool for casinos in order to make more money and promote that "The house always wins". If you read some statistical surveys you will understand that as much as you play you are more vulnerable in losing your funds. Martingale promotes this statistical model and shows that it doesn't work at least in a long term period. Title: Re: Does Martingale Work? Post by: Ipwich on February 23, 2019, 12:31:16 PM If people ask does martingale work? Of course it works. But if the question is martingal give profit constantly? i will answer big no. Because like people said about unlimited capital, you wouldn't know when bet site took all your money in 1 click. Martingale is a tool for casinos in order to make more money and promote that "The house always wins". If you read some statistical surveys you will understand that as much as you play you are more vulnerable in losing your funds. Martingale promotes this statistical model and shows that it doesn't work at least in a long term period. However, I don't agree with your statement that it was promoted by casino to make more money, even before crypto casino is invented, the martingale method was already here, the difference is in a casino, there's a house edge so no strategy would work. Title: Re: Does Martingale Work? Post by: xvids on February 24, 2019, 11:46:41 AM Martingale would also burn you out if you don't know how to control yourself,
Yeah martingale could give you profit but it doesn't guarantee that you wouldn't lose, You must set some limits to know when to stop. Title: Re: Does Martingale Work? Post by: Vaculin on February 24, 2019, 12:45:48 PM Martingale would also burn you out if you don't know how to control yourself, Same with other method, martingale is just a bankroll management but it does not improve your winning chance, that's the thing Yeah martingale could give you profit but it doesn't guarantee that you wouldn't lose, You must set some limits to know when to stop. every gambler has to understand, martingale is actually very risky to newbie gamblers as they could end up losing their entire bankroll and it can happen in an instant. I am not against on this strategy but I wouldn't promote this one. Title: Re: Does Martingale Work? Post by: JohnBitCo on February 24, 2019, 05:02:55 PM Martingale would also burn you out if you don't know how to control yourself, Yeah martingale could give you profit but it doesn't guarantee that you wouldn't lose, You must set some limits to know when to stop. Martingale may give you some profit but to know when to stop is a universal rule which every gambler must follow if they want to be in the safe zone. martingale is actually very risky to newbie gamblers as they could end up losing their entire bankroll and it can happen in an instant. I am not against on this strategy but I wouldn't promote this one. Well, every methods in gambling are risky, even me, I was once a victim of that method and what it gives is just a zero balance on my account. Though I'm not worried for losing that money, what I'm really worried is making it happen twice. :P I just hope martingale also burns my fats even with my money :D I have never heard that anyone has won big on martingale strategy however it can be tried in few occasions. Title: Re: Does Martingale Work? Post by: crwth on February 24, 2019, 05:09:43 PM The experiment is a great way to share and proving that Martingale doesn't work every time. Like some parts that you included, it's only up to a percent where people come home victorious and a lot more who lost. Maybe it's safe to say that you could still do it but expect the worst. I know people who use it in trading also.
Title: Re: Does Martingale Work? Post by: wwzsocki on February 24, 2019, 06:02:48 PM Never worked for me.
No matter how big my stake was always finally I was drained empty. There will be such a moment that there will be 16 or 20 reds in the row or 7 times 0 one after another and your money will be gone. Title: Re: Does Martingale Work? Post by: akram143 on February 24, 2019, 07:58:26 PM Basically I don't have any confidence about following Strategies for gambling because strategies will not be useful for gambling so I don't trust any other strategy will work here to get the profit more higher.
Title: Re: Does Margingale Work? Post by: alexrossi on February 24, 2019, 08:25:29 PM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing. Merit sent! Imho that's the only real answer, and in my experience using martingales just slow down an eventual zero balance, but in no way attenuate the pot. loss Title: Re: Does Margingale Work? Post by: Questat on February 25, 2019, 05:02:59 AM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing. Merit sent! Imho that's the only real answer, and in my experience using martingales just slow down an eventual zero balance, but in no way attenuate the pot. loss Clearly gambling sites has bigger bankroll compared to gamblers and they are in control of the rules of the game, so they will make sure the favor is on them. Title: Re: Does Margingale Work? Post by: coinplus on February 25, 2019, 06:32:56 AM in short that means it's impossible to win using martingale since no one has unlimited bankroll. Are gambling houses using martingale while we are gambling against them ? I do not think so. I believe they do not need any strategy but a defensive mechanism is enough. It means they do not need an unlimited nor a big bankroll to beat us. In short, they are not not at all playing but they are accommodating us to gamble within them.Clearly gambling sites has bigger bankroll compared to gamblers and they are in control of the rules of the game, so they will make sure the favor is on them. Practically houses are having big bankroll than any gambler at any given time then it will be possible to win using martingale after having a big bankroll than the house ? I mean some sites are opening showing their bankroll stats then if we deposit bigger money than that, it will be possible to beat the house ? I guess at that time, martingale will produce 1000+ continuous losing streak also ::). Title: Re: Does Margingale Work? Post by: Questat on February 26, 2019, 04:37:30 AM in short that means it's impossible to win using martingale since no one has unlimited bankroll. Are gambling houses using martingale while we are gambling against them ? I do not think so. Clearly gambling sites has bigger bankroll compared to gamblers and they are in control of the rules of the game, so they will make sure the favor is on them. does not really put a big bankroll but we just want to win big. We like to use martingale to win but we can never have that, the site might put a limit so even if you have a unlimited bankroll, you cannot beat their system, they know what they are doing. Title: Re: Does Martingale Work? Post by: gribble on February 26, 2019, 05:01:39 AM No in my personal experienced due to it needed alot of money so the martingale does not work for me, i choose other strategy in gambling games than using martingale and it is not needed alot of money, my strategy of gambling is to be house on eosbet it give me passive income although it is just little of money but at least it worked than martingale strategy in gambling games.
Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on February 26, 2019, 12:00:41 PM Never worked for me. No matter how big my stake was always finally I was drained empty. There will be such a moment that there will be 16 or 20 reds in the row or 7 times 0 one after another and your money will be gone. Yep. Just like in my simulation. Even having 1 000 000 times initial bet is not helping. In fact inceasing amount of money decrise propability of double. 39% with 1000 times oryginal bet and 27% with 1 000 000 times oryginal bet and 47% with put all on red strategy in 1 roll. This strategy will alwais kill you in longer period and in shorter you only hope that killing combo won't start with next bet. Title: Re: Does Martingale Work? Post by: michellee on February 26, 2019, 12:36:22 PM Come on everybody, don't be silly winning the game is still depends on the odds and luck, whether they're with you or not. Martingale is just one of these methods just to let ourselves enjoy every game that exists. We win and that gives us joy, we lose then we try again... And never ending story will just go until we reach bankruptcy. I prefer to depend on luck, but that still depends on what games we played because it will make the result different. In one game, martingale can work, but in the other game, martingale won't work. We don't know what the reason is and we still need to find how to make another strategy, and we decide to not always use a martingale for the strategy. But hey, I agree that in the end, some people will lose their money whatever strategy they used. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on February 26, 2019, 02:32:28 PM I prefer to depend on luck, but that still depends on what games we played because it will make the result different. In one game, martingale can work, but in the other game, martingale won't work. We don't know what the reason is and we still need to find how to make another strategy, and we decide to not always use a martingale for the strategy. But hey, I agree that in the end, some people will lose their money whatever strategy they used. Martingale strategy does not work in any game. Its just myth passed from one gambler to another which is based on underestimating probability of loosing n times in a row. And any strategy that needs extra amount of luck to succeed is not strategy. Title: Re: Does Martingale Work? Post by: Fredomago on February 26, 2019, 03:39:49 PM I prefer to depend on luck, but that still depends on what games we played because it will make the result different. In one game, martingale can work, but in the other game, martingale won't work. We don't know what the reason is and we still need to find how to make another strategy, and we decide to not always use a martingale for the strategy. But hey, I agree that in the end, some people will lose their money whatever strategy they used. Martingale strategy does not work in any game. Its just myth passed from one gambler to another which is based on underestimating probability of loosing n times in a row. And any strategy that needs extra amount of luck to succeed is not strategy. basing from experienced, strategy can give you some good hint but not accurate and still possible to make a mistake and loses your money. Title: Re: Does Martingale Work? Post by: playboy654 on February 26, 2019, 03:59:56 PM Martingale would also burn you out if you don't know how to control yourself, yes you are right any strategy will work in sometimes only so doing with limitations with gambling will always been the best idea for every Gambler to save his money and make the next gambling more useful because lots of people with no strategies will definitely lost their money all time.Yeah martingale could give you profit but it doesn't guarantee that you wouldn't lose, You must set some limits to know when to stop. Title: Re: Does Martingale Work? Post by: sufferer123 on February 27, 2019, 06:42:50 AM As previous writers say Martingale is a way of achieving success by finding the right strategy and applying risk reduction strategies. Because you don't have unlimited resources, so house always wins. But if you make the right moves, you can seriously reduce your losing odds and earn serious cash.
Title: Re: Does Martingale Work? Post by: BitcoinHunt3r on February 27, 2019, 09:17:54 AM As previous writers say Martingale is a way of achieving success by finding the right strategy and applying risk reduction strategies. Because you don't have unlimited resources, so house always wins. But if you make the right moves, you can seriously reduce your losing odds and earn serious cash. Maybe if we know when to get out from gambling site after win, we can use martingale and make it strategy to earn a lot in gambling site. But some people, even it is natural still greedy and they don't stop although they already win.Title: Re: Does Martingale Work? Post by: Ipwich on February 27, 2019, 10:11:00 AM As previous writers say Martingale is a way of achieving success by finding the right strategy and applying risk reduction strategies. Because you don't have unlimited resources, so house always wins. But if you make the right moves, you can seriously reduce your losing odds and earn serious cash. Maybe if we know when to get out from gambling site after win, we can use martingale and make it strategy to earn a lot in gambling site. But some people, even it is natural still greedy and they don't stop although they already win.This is just my opinion but I believe this betting method is a recipe for a big disaster as a gambler. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on February 27, 2019, 10:35:49 AM As previous writers say Martingale is a way of achieving success by finding the right strategy and applying risk reduction strategies. Because you don't have unlimited resources, so house always wins. But if you make the right moves, you can seriously reduce your losing odds and earn serious cash. Maybe if we know when to get out from gambling site after win, we can use martingale and make it strategy to earn a lot in gambling site. But some people, even it is natural still greedy and they don't stop although they already win.As my simulation shows there is no way to know when to get out and every bet has propability of beeing first in killing strike. Quote Limit: 100 How manny tests 100000 When you want to quit? 101 Casino lost with 97521 gamblers out of 100000. Each of them took home 101$ With limit equal to 100 x bet 2,5% times you will be hit by killing strike just after entering casino. It means that you will enter casino and your killing strike will start after first bet which will zero your portfolio in 7 rolls. Quote Limit: 1000000 How manny tests 100000000 When you want to quit? 1000001 Casino lost with 99999637 gamblers out of 100000000. Each of them took home 1000001$ With 1 000 000 x bet limit 363 gamblers out of 100 mil will hit killing strike after first bet and wont earn even a dolar. 1 out of 275 000. Thats not even close to luck you have to have to win lottery (1:13 000 000 on most popular one in my country ... and 3 times a week someone is winning :) ). In this strategy propability is against you. Same as in any other. Title: Re: Does Martingale Work? Post by: sufferer123 on February 27, 2019, 11:49:23 AM We will never get out with a win if we are greedy, the fact that we are using martingale, it explains a lot of our behavior. This is just my opinion but I believe this betting method is a recipe for a big disaster as a gambler. Considering that gambling is actually based on 99% chance and with this viewpoint all gambling methods essentially big disasters for gamblers. If we believe that there is a strategy within 1% of gambling, then martingale is one of the most successful of these strategies. Title: Re: Does Martingale Work? Post by: freedomgo on February 27, 2019, 12:08:42 PM We will never get out with a win if we are greedy, the fact that we are using martingale, it explains a lot of our behavior. This is just my opinion but I believe this betting method is a recipe for a big disaster as a gambler. Considering that gambling is actually based on 99% chance and with this viewpoint all gambling methods essentially big disasters for gamblers. If we believe that there is a strategy within 1% of gambling, then martingale is one of the most successful of these strategies. You might be referring to dice games or other games that has a house edge, martingale strategy can also be useful in different type of gambling and even sports and most of my experience is not successful. I believe it's easier to said that it's successful if we based only in theory but try to apply it and see it for yourself. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on February 27, 2019, 02:07:45 PM We will never get out with a win if we are greedy, the fact that we are using martingale, it explains a lot of our behavior. This is just my opinion but I believe this betting method is a recipe for a big disaster as a gambler. Considering that gambling is actually based on 99% chance and with this viewpoint all gambling methods essentially big disasters for gamblers. If we believe that there is a strategy within 1% of gambling, then martingale is one of the most successful of these strategies. You might be referring to dice games or other games that has a house edge, martingale strategy can also be useful in different type of gambling and even sports and most of my experience is not successful. I believe it's easier to said that it's successful if we based only in theory but try to apply it and see it for yourself. You don't have to apply it by yourself to see if it works - its boring, time consuming and expensive. I simulated situation in which 100 000 gamblers entered casino with the same strategy and 1 mil $. Only 27% of them doubled money. Rest of them zeroed whole wallet. You think that you will have different results by entering casino and doing the same as those 100 000 gamblers? Title: Re: Does Martingale Work? Post by: BitcoinHunt3r on February 28, 2019, 04:15:21 AM As previous writers say Martingale is a way of achieving success by finding the right strategy and applying risk reduction strategies. Because you don't have unlimited resources, so house always wins. But if you make the right moves, you can seriously reduce your losing odds and earn serious cash. Maybe if we know when to get out from gambling site after win, we can use martingale and make it strategy to earn a lot in gambling site. But some people, even it is natural still greedy and they don't stop although they already win.This is just my opinion but I believe this betting method is a recipe for a big disaster as a gambler. Title: Re: Does Martingale Work? Post by: Harlot on February 28, 2019, 06:09:11 AM The worst case scenario for doing the martingale is you went cold and you are a losing streak with limited amounts of cash. Most of the people don't even realize the amount of loss increase everytime they lose consecutively. Martingale works but it still requires luck and big amounts of capital just in case you go into a losing streak.
Title: Re: Does Martingale Work? Post by: mirakal on February 28, 2019, 07:16:29 AM The worst case scenario for doing the martingale is you went cold and you are a losing streak with limited amounts of cash. Most of the people don't even realize the amount of loss increase everytime they lose consecutively. Martingale works but it still requires luck and big amounts of capital just in case you go into a losing streak. That's definitely correct, the amount of risk is higher compared to the amount you will get.Let's say your initial bet is $100 per bet and you are have a 10 losing streak which would result to a loss of 102,300.00 USD in total and still you want to continue with this method, so you need to bet 102, 400 USD just to win $100, and what if you loss, that would be a total of over $200K. Are you willing to risk your 102, 400 USD to win 100 USD ? We would realize it's risk if we will already calculate the possibilities in advance. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on February 28, 2019, 12:58:02 PM The worst case scenario for doing the martingale is you went cold and you are a losing streak with limited amounts of cash. Most of the people don't even realize the amount of loss increase everytime they lose consecutively. Martingale works but it still requires luck and big amounts of capital just in case you go into a losing streak. Big amount of capital decrise propability of killing strike but increase amount of lost money if it appear. And this is unporportional as my simulations shows what means that it is better not to have bigger capital and zero wallet at 10 strikes rather that zero 10 times bigger porfolio after 3 more bets. Title: Re: Does Martingale Work? Post by: izanagi narukami on February 28, 2019, 01:08:41 PM AFAIK, martiangle should be consider for short term gambling.
So when you have reach at least 5 or 10% profit, better stop and start tomorrow or change to the other method. Just like OP did, even if you have done complicated math, the result always same, you will loss at the end ! Title: Re: Does Martingale Work? Post by: BitBustah on February 28, 2019, 01:16:56 PM AFAIK, martiangle should be consider for short term gambling. So when you have reach at least 5 or 10% profit, better stop and start tomorrow or change to the other method. Just like OP did, even if you have done complicated math, the result always same, you will loss at the end ! IF your playing a game with a house edge which is all of them, the best thing to do is place a small number of bets and walk away when your in profit. The more you play then the closer the results will be towards the expected odds. Title: Re: Does Martingale Work? Post by: wuvdoll on February 28, 2019, 03:11:55 PM the best thing to do is place a small number of bets and walk away when your in profit. The more you play then the closer the results will be towards the expected odds. But, martingale is here for those gamblers who are all focusing something differently always.
If you want to make some profits and then you plan to leave off gambling then probably you should never gamble because gambling is not meant for that. You people approach gambling with wrong reasons and then crying out for your losses. Title: Re: Does Martingale Work? Post by: Fredomago on February 28, 2019, 03:29:31 PM The worst case scenario for doing the martingale is you went cold and you are a losing streak with limited amounts of cash. Most of the people don't even realize the amount of loss increase everytime they lose consecutively. Martingale works but it still requires luck and big amounts of capital just in case you go into a losing streak. Big amount of capital decrise propability of killing strike but increase amount of lost money if it appear. And this is unporportional as my simulations shows what means that it is better not to have bigger capital and zero wallet at 10 strikes rather that zero 10 times bigger porfolio after 3 more bets. you can generate profits, if not just accept and quit after being bankrupt. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on March 01, 2019, 10:51:06 AM the best thing to do is place a small number of bets and walk away when your in profit. The more you play then the closer the results will be towards the expected odds. But, martingale is here for those gamblers who are all focusing something differently always.
If you want to make some profits and then you plan to leave off gambling then probably you should never gamble because gambling is not meant for that. You people approach gambling with wrong reasons and then crying out for your losses. The only type of person that was not mentioned as "not for ... who" are the one who is into gambling to looose everything he has together with home and familly. For those martingale would work. They will get from gambling what they came for. Martingale is bad strategy even for those who are comming to casino with 1 mil $ and wanting to exit with 1$ profit. Because you still have propability of loosing 1 mil which is umproportional to 1$ earnings. Title: Re: Does Martingale Work? Post by: chem96 on March 01, 2019, 12:38:15 PM Just a newbee question.
Martingal is the same method, egal if you play on a straight number or a colour? If you play only with a colour with a deep pocket did you not reduce the risks? how many times have you seen a non-interrupted series of 10 red as example? Title: Re: Does Martingale Work? Post by: cabalism13 on March 01, 2019, 01:06:42 PM -snip IMO, martingale is just a win or lose thing... It doesn't varies on what type of game you're playing with. Every successful winning should be on the same bet if you lose then multiply it until you win. how many times have you seen a non-interrupted series of 10 red as example? If that's the case, then you're already being cheated mate. there's no way you can have such the same colour over and oover again unless you're doing something on it or maybe already done something to it. Title: Re: Does Martingale Work? Post by: chem96 on March 01, 2019, 02:05:45 PM -snip how many times have you seen a non-interrupted series of 10 red as example? If that's the case, then you're already being cheated mate. there's no way you can have such the same colour over and oover again unless you're doing something on it or maybe already done something to it. exactely. the worst serie I have had was 5 times red. but with my bad money management it was enough to be broke. Title: Re: Does Martingale Work? Post by: chem96 on March 01, 2019, 02:26:01 PM -snip how many times have you seen a non-interrupted series of 10 red as example? If that's the case, then you're already being cheated mate. there's no way you can have such the same colour over and oover again unless you're doing something on it or maybe already done something to it. exactely. the worst serie I have had was 5 times red. but with my bad money management it was enough to be broke. And here a nice example with some sato on satke.com. all went smooth until a bad serie of 6 reds. then I was broke https://i.imgur.com/84yLO8R.png Title: Re: Does Martingale Work? Post by: mersal on March 01, 2019, 10:30:45 PM I don't trust any strategies while coming because chamling is different from all the other way of money making in this field we need only one thing that is like if you had that you will be the winner at the day but it is not stable also it will be the main disadvantage here.
Title: Re: Does Martingale Work? Post by: wwzsocki on March 02, 2019, 02:58:24 AM Never worked for me. No matter how big my stake was always finally I was drained empty. There will be such a moment that there will be 16 or 20 reds in the row or 7 times 0 one after another and your money will be gone. Yep. Just like in my simulation. Even having 1 000 000 times initial bet is not helping. In fact inceasing amount of money decrise propability of double. 39% with 1000 times oryginal bet and 27% with 1 000 000 times oryginal bet and 47% with put all on red strategy in 1 roll. This strategy will alwais kill you in longer period and in shorter you only hope that killing combo won't start with next bet. I was amazed by this strategy a few years ago when I online casinos where advertised so heavily and offered a lot of high no deposit bonuses. Like I said I have never won in the end using martingale strategy. Every time there was a moment when after hours of play I got 7 times 0 in a row or 16 times black or red with 0 in between. I see people are writing that if you have big bankroll you can be successful with this strategy. No, you don't. You will lose all in the end when such a moment comes as described above. Title: Re: Does Martingale Work? Post by: chem96 on March 02, 2019, 04:48:27 AM I was amazed by this strategy a few years ago when I online casinos where advertised so heavily and offered a lot of high no deposit bonuses. Like I said I have never won in the end using martingale strategy. Every time there was a moment when after hours of play I got 7 times 0 in a row or 16 times black or red with 0 in between. I see people are writing that if you have big bankroll you can be successful with this strategy. No, you don't. You will lose all in the end when such a moment comes as described above. Yes I confirm Tested twice yesterday with a big deep stake. As you say an uncredible serie has ever come. Then broke... Title: Re: Does Martingale Work? Post by: peter0425 on March 02, 2019, 03:40:29 PM I was amazed by this strategy a few years ago when I online casinos where advertised so heavily and offered a lot of high no deposit bonuses. Like I said I have never won in the end using martingale strategy. Every time there was a moment when after hours of play I got 7 times 0 in a row or 16 times black or red with 0 in between. I see people are writing that if you have big bankroll you can be successful with this strategy. No, you don't. You will lose all in the end when such a moment comes as described above. Yes I confirm Tested twice yesterday with a big deep stake. As you say an uncredible serie has ever come. Then broke... Title: Re: Does Martingale Work? Post by: whirlcoin on March 02, 2019, 09:36:17 PM I've started to learn to code and one of my first programs was Martingale test. yes you are right it will be useful in sometimes but following the strategies in the only chance to get the product is not a right statement in gambling because strategies are always not needed to gamble if you had money the luck will be set the profit of your investment in gambling then no other way will needed for gambling.Assumptions: 1- after every lost bet i double 2- after every win bet i go back to initiation bet 3- initiation bet is 1 $ 4- when i can't afford for next bet i exit casino with money i have left 5-I do 100 000 test 6- After every win limit is increased by winning amount. First test with limit of 1000$ (1000 times oryginal bet) - I think that its amount that most of Martingale enthusiasts enter casino (1000 times more money than single bet). https://i.imgur.com/hnf79UO.png Average gambler was in casino for 4.8 days and was loosing 10.21 $ per hour. The Richest gambler achieved 446 k $ after 5 years in casino - day by day 8 h a day. Let's test 1 000 000 times original bet (my pc was calculating it for too long so i set nr of test for 10 000 - i think that its enough to get satisfying results) https://i.imgur.com/zajfuOw.png Again loss. 20$ per hour on average. Average gambler survived 1 mil rolls and exit with 570 000$. The Richest gambler spent 28 years in casino and tripled money - he was not zeroed. He reached limit of rolls set by me to avoid infinite loop. 28 years is in fact maximum for human to spend in casino (btw. tripling in 28 years. Inflation is bigger :) ). Well. Maybe strategy was to hardcore - playing untill death and taking what's left. Let's say that you would quit after doubling money or go home with 0. I code that too to see what the chances are. Lets start easy. We enter casino with 500$ and want to exit with 1000$ https://i.imgur.com/cdYKnG0.png Only 39% of them doubled money. Its less than if they enter casino and bet everything on red (~48%). 500$ is too small? Lets start with 1 000 000 $ again. https://i.imgur.com/TbEz1HO.png Loss again. Even worst - 27% chances to double. That's because with higher limit you have to earn more to double. This simulation shows that Martingale simply don't work and is worse than betting everything on red and going home. Gambling should be considered as fun with luck. Every strategy would destroy you and your brain. Go, bet earn/loos have fun but don't thing that with special strategy you have chance to win repetitively and earn for living. Well you can but due to luck ... net math and strategy. At the end i'll post few result. https://i.imgur.com/ed1dIxF.png I can share my code but i bet you can all write it by yourself. Its easy after few days of learing. That way you can simply test every possible strategy for free. Title: Re: Does Martingale Work? Post by: pixie85 on March 02, 2019, 10:21:49 PM Good work OP I gave you merit for that. I knew that was the case but never did proper work to prove it. I tried martingale on a very low bank and very low bet making it possible to lose at least 15 times before going bust and it never worked. I was surprised by the time it took me to lose. It didn't even take an hour for me to hit a 10 losing streak but I don't think that I got a 15 times winning streak. I always thought that casinos are rigged to weed out martingale players but your program proves that they don't even have to be. The player will bust himself anyway.
Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on March 04, 2019, 09:11:32 AM Good work OP I gave you merit for that. I knew that was the case but never did proper work to prove it. I tried martingale on a very low bank and very low bet making it possible to lose at least 15 times before going bust and it never worked. I was surprised by the time it took me to lose. It didn't even take an hour for me to hit a 10 losing streak but I don't think that I got a 15 times winning streak. I always thought that casinos are rigged to weed out martingale players but your program proves that they don't even have to be. The player will bust himself anyway. Yep. Gamblers very often underestimate probability of losing strikes. In fact in 200 bets its: 6 in a row - 96,5% 7 in a row - 80% 8 in a row - 54% 9 in a row - 32% It means that you have 32% probability of loosing 5110$ after 200 bets with initial bet at 10$. How many of us actually want to risk more? In fact its the same risk as betting 5000$ on first dozen and triple or go home. In fact this strategy has better risk/profit ratio. Title: Re: Does Margingale Work? Post by: Lexus19 on March 04, 2019, 09:22:48 AM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing. And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life ;D Title: Re: Does Margingale Work? Post by: Tytanowy Janusz on March 05, 2019, 01:50:49 PM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing. And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life ;D What if you enjoy gambling? I think its the only reason for being in gambling that actually is reasonable because being into gambling to earn is like diving into watter to breath :) What is unlimited amount? 100 000 000 times initial bet? Code: Limit: Still not enought in 1000 tests. 28 years is limit set by me (who could possible spend more?). Richest gambler earned only 2 mil $ in 28 years. Thats how would you like to spend your life having already 100 mil ? :) If you would divide 10090.29 days by 365 we have 27,64 years. It means that almost everyone reached lifetime limit. ALMOST. Because some of gamblers (out of 1000) hit killing strike loosing 100 000 000 $ :) (with initial bet equal to 1$). So martingale is worst strategy even for those who has crazy big porfolio and are into gambling only for fun. Title: Re: Does Margingale Work? Post by: Betwrong on March 05, 2019, 02:11:20 PM ~Because some of gamblers (out of 1000) hit killing strike loosing 100 000 000 $ :) (with initial bet equal to 1$). So martingale is worst strategy even for those who has crazy big porfolio and are into gambling only for fun. No one would risk $100 million in order of winning $1 per bet, even if it was $1 per second. I know, people do crazier things sometimes, but no one in his/her right mind would do that. Gambling is supposed to be for recreation, and constant winning (like in the case of martingale with unlimited bankroll) shouldn't be anyone's goal. Firstly, because there is no such thing as "unlimited bankroll". Secondly, because you can think that your bankroll is big enough and lose it all. And thirdly because martingale only makes you stressed, there's no fun in playing with that strategy. Title: Re: Does Margingale Work? Post by: matchi2011 on March 05, 2019, 02:23:14 PM ~Because some of gamblers (out of 1000) hit killing strike loosing 100 000 000 $ :) (with initial bet equal to 1$). So martingale is worst strategy even for those who has crazy big porfolio and are into gambling only for fun. No one would risk $100 million in order of winning $1 per bet, even if it was $1 per second. I know, people do crazier things sometimes, but no one in his/her right mind would do that. Gambling is supposed to be for recreation, and constant winning (like in the case of martingale with unlimited bankroll) shouldn't be anyone's goal. Firstly, because there is no such thing as "unlimited bankroll". Secondly, because you can think that your bankroll is big enough and lose it all. And thirdly because martingale only makes you stressed, there's no fun in playing with that strategy. you are having a continuous losing streak, there's no fun when you are not getting the satisfactions that you are intending to have while playing, you can play with any strategy of course always find enjoyment. Title: Re: Does Margingale Work? Post by: Tytanowy Janusz on March 07, 2019, 08:20:17 AM No one would risk $100 million in order of winning $1 per bet, even if it was $1 per second. I know, people do crazier things sometimes, but no one in his/her right mind would do that. Gambling is supposed to be for recreation, and constant winning (like in the case of martingale with unlimited bankroll) shouldn't be anyone's goal. Firstly, because there is no such thing as "unlimited bankroll". Secondly, because you can think that your bankroll is big enough and lose it all. And thirdly because martingale only makes you stressed, there's no fun in playing with that strategy. Agreed. Gamble to earn is like diving into water to breath. Its only for fun. And all types of strategies simply destroy fun. In this $100 million simulations i was only trying to show that "unlimited bankroll" is not "big enough bankroll". Its infinite bankroll. I'm still training my coding skill and would love to test next casino strategies. Not only in roulette. If you want to test something just write it here. Casino strategies are good for that because if program return profit after thousands of roll i know that i did something wrong :) Title: Re: Does Margingale Work? Post by: tabas on March 07, 2019, 08:37:06 AM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing. And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life ;D Title: Re: Does Margingale Work? Post by: poptok1 on March 07, 2019, 08:45:24 AM -snip- I'm not even sure if we should call any gambling behaviour a strategy. And all types of strategies simply destroy fun. There is actually no strategic thinking when it comes to pure chance based activities. As you said, it ruins the fun and more to that, this can give us false mechanics understanding and fake sense of security. Gambling approach, technique, style, system but not tactics nor strategy is adequate here. Just semantics one may say but actual impact on losses or gains is possible, just due to proper nomenclature usage. Most of the time it all comes to "try and error" procedure anyway, adding extra ideology to gambling is potentially dangerous and can bring unnecessary losses. Just play and have a blast in the process, forget the cold calculations. Title: Re: Does Martingale Work? Post by: iMark on March 07, 2019, 12:00:35 PM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing. And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life ;D lucky dude. how much your capital, you can lose 10 times in a row, so luck is still needed in this strategy Title: Re: Does Martingale Work? Post by: onrise on March 07, 2019, 12:43:59 PM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing. And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life ;D lucky dude. how much your capital, you can lose 10 times in a row, so luck is still needed in this strategy Luck is always needed everywhere . And in this strategy you require a lot of money too and not practical for many people so for them it will not work and will be based in luck only to make money from this game too . Instead people should enjoy and have fun . Title: Re: Does Martingale Work? Post by: absy on March 07, 2019, 01:59:37 PM The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing. And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life ;D lucky dude. how much your capital, you can lose 10 times in a row, so luck is still needed in this strategy Luck is always needed everywhere . And in this strategy you require a lot of money too and not practical for many people so for them it will not work and will be based in luck only to make money from this game too . Instead people should enjoy and have fun . Title: Re: Does Martingale Work? Post by: efrenbilantok on March 07, 2019, 02:08:30 PM Even if you have a million dollars to play using the martingale method, you have a high probability of winning but not in a long run, you will bust all your money before you know it so nah it doesn't work, keep your eye open for the profit don't be greedy as it's the main enemy.
Title: Re: Does Martingale Work? Post by: BitBustah on March 07, 2019, 02:15:59 PM Even if martingale works for those with a very high bank roll and no maximum bets they would be better of fusing their capital to generate money in other ways. Its simply not worth the time at that point.
Title: Re: Does Martingale Work? Post by: Ipwich on March 08, 2019, 04:31:16 AM Even if martingale works for those with a very high bank roll and no maximum bets they would be better of fusing their capital to generate money in other ways. Its simply not worth the time at that point. It will never work long term, high bankroll that you have is just small compared to the house bank roll. Only when you have unlimited bankroll will you will experience a real win, which in any case would not be possible, unless you are God. Title: Re: Does Martingale Work? Post by: carlfebz2 on March 08, 2019, 02:17:28 PM Even if martingale works for those with a very high bank roll and no maximum bets they would be better of fusing their capital to generate money in other ways. Its simply not worth the time at that point. It will never work long term, high bankroll that you have is just small compared to the house bank roll. Only when you have unlimited bankroll will you will experience a real win, which in any case would not be possible, unless you are God. Martingale doesn't work and probability of losing streaks is high and no matter how big your bankroll is it wont guarantee safe profits or does work for long term. Title: Re: Does Martingale Work? Post by: mirakal on March 09, 2019, 04:28:38 AM Even if martingale works for those with a very high bank roll and no maximum bets they would be better of fusing their capital to generate money in other ways. Its simply not worth the time at that point. It will never work long term, high bankroll that you have is just small compared to the house bank roll. Only when you have unlimited bankroll will you will experience a real win, which in any case would not be possible, unless you are God. Martingale doesn't work and probability of losing streaks is high and no matter how big your bankroll is it wont guarantee safe profits or does work for long term. Winning is possible but should be for long term or if you are lucky winning big in a good timing but only few can do that in gambling since not everyone is lucky. Winning is possible when you are consistent and dice is a game where you can never be consistent because it's the house edge that will make it impossible. Title: Re: Does Martingale Work? Post by: Betwrong on March 10, 2019, 12:23:35 PM ~ Unlimited bankroll do only exist on our dreams and even bullionaires and trillionaires can possibly bust up and lose their money on an instant when tending to play dice. ;D Martingale doesn't work and probability of losing streaks is high and no matter how big your bankroll is it wont guarantee safe profits or does work for long term. We also shouldn't forget that in many places (or rather in most of them) there is a limit on the max bet, so even if you had an unlimited bankroll that wouldn't help you to win (possibly) the next bet since you are not allowed to make it. I personally play with martingale strategy pretty often, but that's for entertainment purposes only, it's really a bad idea to think that you can make money with it. You should play in such a manner that you smile when hitting a long losing streak at how long it is rather than cry about how much you lose. Title: Re: Does Martingale Work? Post by: wwzsocki on March 10, 2019, 02:45:46 PM I was amazed by this strategy a few years ago when I online casinos where advertised so heavily and offered a lot of high no deposit bonuses. Like I said I have never won in the end using martingale strategy. Every time there was a moment when after hours of play I got 7 times 0 in a row or 16 times black or red with 0 in between. I see people are writing that if you have big bankroll you can be successful with this strategy. No, you don't. You will lose all in the end when such a moment comes as described above. Yes I confirm Tested twice yesterday with a big deep stake. As you say an uncredible serie has ever come. Then broke... Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore. Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips. If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on March 11, 2019, 10:53:41 AM Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore. Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips. If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win. With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on March 13, 2019, 09:02:48 AM Just find out that on Bitvest you have Auto-Bet section where you can play martingale automatically and instantly - if you dont trust my program and still want to test this system. With minimum bet equal to 100 sat (~0.4 cent) you can test this system with 10 000x times initial bet limit risking only 40$ without spending years on it.
Title: Re: Does Martingale Work? Post by: Caladonian on March 13, 2019, 12:05:31 PM Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore. Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips. If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win. With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability. a big chance to lose everything after, this system is a well known strategy that mostly failed, some might be lucky to earned the stop and quit to enjoy some little benefits. Title: Re: Does Martingale Work? Post by: Symphonized on March 14, 2019, 01:05:37 AM It works always if the odds are not against you (as in favour of your bet configurations).
You will still need to adapt the way you martingale and make up several new strategies. As long you don't hit those probabilistics red streaks you will end up fine. Using martingale in bets number 1 to 100 and then change to some other strategy type and return back at roll number 110 to martingale does change your odds of losing and you might end up profiting even more with martingale still. Title: Re: Does Martingale Work? Post by: darklus123 on March 14, 2019, 04:59:18 AM I bet its not working , well shall we say if your script is really purely random then that is absolutely fine to try. Yet based on my experience most of the scripts being added on most of the betting site have countered that strategy. In a first few bets everything is doing wel. Until you start losing your money. Sadly that is how it works lol
Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on March 14, 2019, 08:48:23 AM I bet its not working , well shall we say if your script is really purely random then that is absolutely fine to try. Yet based on my experience most of the scripts being added on most of the betting site have countered that strategy. In a first few bets everything is doing wel. Until you start losing your money. Sadly that is how it works lol In fact ... as my program shows ... betting sites don't have to cheat to win against martingale system. But yea if cheating is as easy as adding 1 extra line of code into random number generator than we can assume that some of gambling sites are cheating. Thats why its so important to gamble on trusted casinos. Title: Re: Does Martingale Work? Post by: Janation on March 14, 2019, 09:03:24 AM I don't think martingale work and after comes a lot of losses even if have a lot of money if come a bad series of losing bets you can't get a profit and in long term in my opinion martingale is not a good strategy. You might not know that but there are a lot of people that won because of that strategy. Obviously, it is not the strategy that is important, is the game that you are playing. If you will just be paying those games that require a lot of luck like those roulette games that might even be rigged, you will not win. If you will try gambling games that require your knowledge like sports betting, that would be really a great strategy. Title: Re: Does Martingale Work? Post by: darklus123 on March 14, 2019, 09:14:45 AM In fact ... as my program shows ... betting sites don't have to cheat to win against martingale system. But yea if cheating is as easy as adding 1 extra line of code into random number generator than we can assume that some of gambling sites are cheating. Thats why its so important to gamble on trusted casinos. How are you going to give your trust to casinos? lol even the largest casinos in Vegas (who were actually proud that they are certified by the LGU) is still cheating on you. The only thing you will win their game is to play their game and that requires you to put a lot TAE(Time and Effort) and of course a lot of money. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on March 14, 2019, 10:33:54 AM How are you going to give your trust to casinos? lol even the largest casinos in Vegas (who were actually proud that they are certified by the LGU) is still cheating on you. The only thing you will win their game is to play their game and that requires you to put a lot TAE(Time and Effort) and of course a lot of money. Could you spere any link with proof that the LARGEST casino in Vegas was cheating? I just can't imagine what for. Why risking reputation if you are earning huge amount of money on everyday basics due to statistic advantage in every game. Title: Re: Does Martingale Work? Post by: criz2fer on March 14, 2019, 04:15:50 PM It works always if the odds are not against you (as in favour of your bet configurations). Although you are using martingale, your still gamble you bet by not continuing every bet. Your still relying on pure luck to take profit with this strategy. Meaning, in gambling you should not only use one strategy to take profit because of the red streaks and trust your full instinct . ;DYou will still need to adapt the way you martingale and make up several new strategies. As long you don't hit those probabilistics red streaks you will end up fine. Using martingale in bets number 1 to 100 and then change to some other strategy type and return back at roll number 110 to martingale does change your odds of losing and you might end up profiting even more with martingale still. Title: Re: Does Martingale Work? Post by: wwzsocki on March 14, 2019, 06:10:43 PM How are you going to give your trust to casinos? lol even the largest casinos in Vegas (who were actually proud that they are certified by the LGU) is still cheating on you. The only thing you will win their game is to play their game and that requires you to put a lot TAE(Time and Effort) and of course a lot of money. Could you spere any link with proof that the LARGEST casino in Vegas was cheating? I just can't imagine what for. Why risking reputation if you are earning huge amount of money on everyday basics due to statistic advantage in every game. Is so easy to throw accusations but when it comes to back them up there is no comment. I assume that this member means that casinos use all tricks they can to take the maximum amount of money out of your pocket. Some time ago I have read a book from a high stake gambler and just couldn't believe how strongly casino can influence your behavior and mindset. This is enough to put machines in a specific order to trick people to play at lower chances and so on. Title: Re: Does Martingale Work? Post by: darklus123 on March 15, 2019, 11:59:18 PM How are you going to give your trust to casinos? lol even the largest casinos in Vegas (who were actually proud that they are certified by the LGU) is still cheating on you. The only thing you will win their game is to play their game and that requires you to put a lot TAE(Time and Effort) and of course a lot of money. Could you spere any link with proof that the LARGEST casino in Vegas was cheating? I just can't imagine what for. Why risking reputation if you are earning huge amount of money on everyday basics due to statistic advantage in every game. Is so easy to throw accusations but when it comes to back them up there is no comment. I assume that this member means that casinos use all tricks they can to take the maximum amount of money out of your pocket. Some time ago I have read a book from a high stake gambler and just couldn't believe how strongly casino can influence your behavior and mindset. This is enough to put machines in a specific order to trick people to play at lower chances and so on. Why am I actually saying this? because there was a famous gambler before going live for his daily gambling routine and he just caught how the staff cheats when he switches the color from the wheel if i am not mistaken. I still have to find that video tho so stay tuned. By the way being away for awhile doesn't mean there would be no comment. I am not one of those users who stays 24/7 in this forum Title: Re: Does Martingale Work? Post by: Fredomago on March 16, 2019, 12:31:56 AM It works always if the odds are not against you (as in favour of your bet configurations). Although you are using martingale, your still gamble you bet by not continuing every bet. Your still relying on pure luck to take profit with this strategy. Meaning, in gambling you should not only use one strategy to take profit because of the red streaks and trust your full instinct . ;DYou will still need to adapt the way you martingale and make up several new strategies. As long you don't hit those probabilistics red streaks you will end up fine. Using martingale in bets number 1 to 100 and then change to some other strategy type and return back at roll number 110 to martingale does change your odds of losing and you might end up profiting even more with martingale still. Title: Re: Does Martingale Work? Post by: Pattart on March 16, 2019, 01:29:49 AM Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore. Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips. If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win. With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability. Title: Re: Does Martingale Work? Post by: wwzsocki on March 16, 2019, 09:29:35 AM How are you going to give your trust to casinos? lol even the largest casinos in Vegas (who were actually proud that they are certified by the LGU) is still cheating on you... Could you spere any link with proof that the LARGEST casino in Vegas was cheating?...https://youtu.be/sI2kVJiiu3Y this is just one of the documentary to how corrupt the vegas casinos are. Why am I actually saying this? because there was a famous gambler before going live for his daily gambling routine and he just caught how the staff cheats when he switches the color from the wheel if i am not mistaken. I still have to find that video tho so stay tuned. By the way being away for awhile doesn't mean there would be no comment. I am not one of those users who stays 24/7 in this forum This is actually hilarious because the video You used as a proof for of Your words, that casinos are cheating, actually shows the security guards in the casino at work and how they are protecting casinos and players from cheaters on daily basis ;D ;D ;D This video is pure advertising of how safe casinos are and how much they do to protect themselves and their customers from losing money to cheaters. :o ;D :o You haven't even watched the first minute of this video only made a fast search for a youtube video with "casino" and "cheat" in the title and chosen one which popped up on the first page. The first sentences from the video: "There's always been cheating and there always will be cheating. It's all about the money, you can't do anything to me unless you take our money. We don't prevent cheating, we detect cheating and act on it. Cheating is a subject which every Las Vegas Casino takes seriously. Everybody is trying to take advantage of something in the casino. Hundreds of man-hours are devoted to each year. They're protecting the games from those players who don't play by the rules...." And so on. So stop to be so offended if the post You have written is pure bullshit and you found another pure BS to back this nonsense up. https://i.imgur.com/e3nO2xR.png Title: Re: Does Martingale Work? Post by: ethereumhunter on March 16, 2019, 09:55:20 AM Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore. Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips. If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win. With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability. Not really, I think it will work too if you only use small capital because you have luck in the strategy. Every strategy we have and use will works perfectly if the luck comes to us. And relate with your experience, you don't have luck using that strategy, so it makes you lose 8 times in a row. That happens to me too in the past, and I decide to not use any strategy in every time I gamble because I think there is no perfect strategy for myself. Title: Re: Does Martingale Work? Post by: absy on March 16, 2019, 11:10:16 AM Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore. Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips. If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win. With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability. Not really, I think it will work too if you only use small capital because you have luck in the strategy. Every strategy we have and use will works perfectly if the luck comes to us. And relate with your experience, you don't have luck using that strategy, so it makes you lose 8 times in a row. That happens to me too in the past, and I decide to not use any strategy in every time I gamble because I think there is no perfect strategy for myself. Title: Re: Does Martingale Work? Post by: FIFA worldcup on March 16, 2019, 05:45:33 PM I bet its not working , well shall we say if your script is really purely random then that is absolutely fine to try. Yet based on my experience most of the scripts being added on most of the betting site have countered that strategy. In a first few bets everything is doing wel. Until you start losing your money. Sadly that is how it works lol In fact ... as my program shows ... betting sites don't have to cheat to win against martingale system. But yea if cheating is as easy as adding 1 extra line of code into random number generator than we can assume that some of gambling sites are cheating. Thats why its so important to gamble on trusted casinos. There is no grantee that even the trusted sites are 100% fair and they do not cheat in the back end codes. As far as Martingale strategy is concerned, it does not work well on betting sites. It might work on other games like Dice etc, but not suited for betting ofcourse. Title: Re: Does Martingale Work? Post by: xWolfx on March 17, 2019, 12:51:48 AM With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability. But this approach is precisely what creates addiction my friend. The starting post was pretty good because you are studying the results in a determined amount of time, therefore having a pretty good idea of what will happen in the future if you continue going. I could imagine an assistant robot telling you that with the current rate of each bet you have a determined % to go out winning. The thing from my point of view should be to have fun and for that the more time it takes with a determined amount of money the better. Title: Re: Does Martingale Work? Post by: darklus123 on March 17, 2019, 03:53:04 AM ~ Oops, my bad that is clearly bullshit sorry for that I admit that was a mistake. Here is the video that I actually stated I found on facebook before but this was for the online gambling site but I was sure that I also read an article before with regards to vegas casino cheating I just need to find that sh*t. https://youtu.be/f9xnmh1EGIA Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on March 17, 2019, 09:43:00 AM ~ Oops, my bad that is clearly bullshit sorry for that I admit that was a mistake. Here is the video that I actually stated I found on facebook before but this was for the online gambling site but I was sure that I also read an article before with regards to vegas casino cheating I just need to find that sh*t. https://youtu.be/f9xnmh1EGIA That's just small shady online casino. For sure, they are cheating because they have nothing to lose since they don't have reputation and didn't make any investment to open. Just imagine that you have invested $1 bil into the BIGGEST casino in las vegas. You are earning 1 mil every day. After 3 years your investment is finally making profit and... you was caught on cheating. All your clients are gone. You are going to jail. What for? After next 3 years you could open another casino instead of trying not to drop the soap in prison. Title: Re: Does Martingale Work? Post by: wwzsocki on March 17, 2019, 04:44:12 PM ~ Oops, my bad that is clearly bullshit sorry for that I admit that was a mistake. Here is the video that I actually stated I found on facebook... I just need to find that sh*t.https://youtu.be/f9xnmh1EGIA I like very much that you have the decency @Darklus123 to admit to mistake and apologize. Of course, accepted apologies and there is no problem, I laughed during the investigation ;). Very mature behavior and that's what I miss the most in the crypto world. Simply human honesty and responsibility for your actions and words. Title: Re: Does Martingale Work? Post by: BeGoods on April 09, 2019, 02:18:47 PM Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore. Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips. If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win. With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability. Title: Re: Does Martingale Work? Post by: Johnzky on April 09, 2019, 02:33:59 PM Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore. Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips. If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win. With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability. Title: Re: Does Martingale Work? Post by: Caladonian on April 09, 2019, 02:42:11 PM Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore. Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips. If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win. With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability. Strategy also reflects on how a gamblers knows to control his emotions, gaining little is far better than losing everything. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on April 09, 2019, 04:12:38 PM in the beginning maybe you will win, but in the long run I don't think you will win because casino algorithms and gambling sites will easily know your strategy and you will lose in a row and make your money run out, do it with a quick time! #imo In fact, as my simulation shows, casino don't need to cheat to win against martingale strategy. In fact its more profitable for casino to have bunch of gamblers with strategy that they believe in because they will put much more money into it. Trustful casinos earns much more than shady scam one because they have more gamblers with bigger wallets and they are winning in every game due to statistic advantage. Without cheating. Title: Re: Does Martingale Work? Post by: AjithBtc on April 10, 2019, 06:07:56 AM Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore. Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips. If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win. With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on April 10, 2019, 07:06:58 AM At the beginning we used to win which is a way to keep the user keep playing. Here user needs to make perfect moves to make the winning. Some out of luck wins big, and majority losses out of greed. Always it is good to spend little by little, and further can increase the betting amount. This will keep us travel long even when we are unable to win. In fact that's the worst strategy if your purpose is to win big. https://i.imgur.com/fZoKxYK.png As you can see with every 1000$ bet you end up with 970$ on average. The more bets you put the more statist output you get - you are closer and closer to 970$ output. If you have 1000$ and you put 10$ each betafter 1000 bets sum of your bets is 10 000$ - output 9700$ - 300$ waste. You are left with 700$. (with 1000 bets you will be very close to that because that's enough to be almost sure to hit statistic distribution) The best way to win big is to put all your money on single number. If you win and that's not "big money" for you than put all on single number again. That way you have 1296 times initial bet with 1:1369 probability. All other strategies only decrease probability of winning big. Title: Re: Does Martingale Work? Post by: Probablylikely on April 10, 2019, 08:32:20 AM Martingale does work but not for the long run. Greed is mostly the cause for the failure.
I will normally do martingale for like 2 or 3 game sessions and then stop and reset to 100 times of preroll with a fixed small bet amount. To clear the red streaks that are likely to hit. Title: Re: Does Martingale Work? Post by: Xenrise on April 10, 2019, 09:03:23 AM Assumptions: This is what I do mostly on my gambles. So, this is what it called, Martingale system. I don't know what is the basis of this but I am following this rule. And before I read this thread I am using that system even way back in 2017 or 2018. This system works for me. But, if I go and give it all, sometimes I loss. Maybe after a win maybe the next 2nd or 3rd round can give you win. 1- after every lost bet i double 2- after every win bet i go back to initiation bet 3- initiation bet is 1 $ 4- when i can't afford for next bet i exit casino with money i have left 5-I do 100 000 test 6- After every win limit is increased by winning amount. Title: Re: Does Martingale Work? Post by: virasog on April 10, 2019, 10:56:48 AM Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore. Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips. If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win. With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability. I think if you want to take advantages from Martingale strategy or any other strategy , you should not use it more than once or twice in a day. If you use any strategy in a routine, the gambling site will detect it and they will apply such a mechanism that you will not be able to win again using the same strategy. Title: Re: Does Martingale Work? Post by: palle11 on April 10, 2019, 02:20:16 PM If you use any strategy in a routine, the gambling site will detect it and they will apply such a mechanism that you will not be able to win again using the same strategy. I think from what you have said above can be true and this is the reason that blockchain gambling site is better and I have also seen many of such sites being developed lately. The gambling space is changing for better and you can be sure you won't have a reason for fear of not winning multiple times on a roll. Title: Re: Does Martingale Work? Post by: Malsetid on April 10, 2019, 06:09:25 PM If you use any strategy in a routine, the gambling site will detect it and they will apply such a mechanism that you will not be able to win again using the same strategy. I think from what you have said above can be true and this is the reason that blockchain gambling site is better and I have also seen many of such sites being developed lately. The gambling space is changing for better and you can be sure you won't have a reason for fear of not winning multiple times on a roll. There are sites that allow such strategies. Anyway, to be able to succrssfully apply maryingale, you have to have a huge amount for a capital. And if it's digital gambling you're using this with, you may be surprised that the longer you play the longer your losing streak gets. Title: Re: Does Martingale Work? Post by: Ayiranorea on April 10, 2019, 11:36:01 PM If you use any strategy in a routine, the gambling site will detect it and they will apply such a mechanism that you will not be able to win again using the same strategy. I think from what you have said above can be true and this is the reason that blockchain gambling site is better and I have also seen many of such sites being developed lately. The gambling space is changing for better and you can be sure you won't have a reason for fear of not winning multiple times on a roll. There are sites that allow such strategies. Anyway, to be able to succrssfully apply maryingale, you have to have a huge amount for a capital. And if it's digital gambling you're using this with, you may be surprised that the longer you play the longer your losing streak gets. Title: Re: Does Martingale Work? Post by: FanEagle on April 11, 2019, 08:13:21 AM in the beginning maybe you will win, but in the long run I don't think you will win because casino algorithms and gambling sites will easily know your strategy and you will lose in a row and make your money run out, do it with a quick time! #imo It is nice information you have provided in those pictures. It helps a lot in understanding if it does work. I think it does work but not always. It works when you are having luck in your favor. And even if it does work, you cannot win as much as you have lost. Though it is proved that martingale helps recover the net loss over a period of time, the house’s edge is always more than what you could win in the game.In my experience, martingale had worked for me to gain some entertainment. Before I was dicing without any strategy and purely believing into my luck but after getting aware of martingale I started to gamble with some calculated way. Still, I am not making money but I do found that I can easily pass my leisure time in a thrilled way. Yes, Martingale strategy worked for me to gain different entertainment with my usual dicing. Title: Re: Does Martingale Work? Post by: shoreno on April 11, 2019, 08:21:40 AM In my experience, martingale had worked for me to gain some entertainment. that's strange . i also used martingale for a long time but its feel the same . i dont feel any happines with or without martingale and any other methods . maybe because im only foccusing too much on the prize because im a kind of gambler that only plays for the profit . i have other ways to do if i want to have fun . Quote Before I was dicing without any strategy and purely believing into my luck but after getting aware of martingale I started to gamble with some calculated way but luck is still matter the most even if you are already using a method/martingale . that is the effect of using a strategy , your brain thinks that the game has some kind of a pattern involved but actually its purely random . Title: Re: Does Martingale Work? Post by: ethereumhunter on April 11, 2019, 08:51:20 AM In my experience, martingale had worked for me to gain some entertainment. that's strange . i also used martingale for a long time but its feel the same . i dont feel any happines with or without martingale and any other methods . maybe because im only foccusing too much on the prize because im a kind of gambler that only plays for the profit . i have other ways to do if i want to have fun .Then maybe you need to gamble without thinking about profit so you can feel the happiness inside the games. So far, I can feel the fun things in the gambling games because I don't think about the profit besides that, I can know when to stop the game. That will help you to enjoy the game, and it's better you realize this before you are making a big loss without you know. Title: Re: Does Martingale Work? Post by: Sutters Mill on April 11, 2019, 10:23:40 AM Martingale works until it doesn't and that's when you run out of money in your bankroll. I actually have a funny story about this. When I first started gambling with bitcoin on PrimeDice I literally thought I'd come up with this exact strategy where you double your bet every-time you lose so you would always win your money back if you lost. It kept on working for a few hours and I was up from something like $300 to over $1000. I told my friend about this winning strategy I'd come up with and he's like that's MartinGale you idiot LOL. Anyway, needless to say I kept gambling because I couldn't believe my luck and it was like I was printing money especially since I kept winning and never had any huge losing streaks, then out of no where I lost it all within a matter of minutes after like 15+ losses in a row. Lesson learned.
I've started to learn to code and one of my first programs was Martingale test. Assumptions: 1- after every lost bet i double 2- after every win bet i go back to initiation bet 3- initiation bet is 1 $ 4- when i can't afford for next bet i exit casino with money i have left 5-I do 100 000 test 6- After every win limit is increased by winning amount. -snip- Sorry if I've misunderstood, but did you stick to one outcome or change it for example if betting on roulette you stick to black all the time? I'm no mathematician but I've always thought that there must be some way to expand your chances of winning with Martingale, but then if there was I'm sure a smarter guy than me would have cleaned the casions out by now. When I was gambling I never changed the higher or lower and kept the odds at the default of whatever it was so it was nearly 50/50 (minus house edge) and just kept going but I'm sure there are better ways at doing it. Title: Re: Does Martingale Work? Post by: swogerino on April 11, 2019, 10:36:01 AM Some says it work in sport betting but I have tried it myself and it didn't work there either, before I knew it I was bankrupt ,I had little balance to try but choose ten single games with odd 2.1 and had 10 lost bets.Even if I continued maybe I would have won but still the amount won would only be the double of the initial bet which is not a big sum.
Title: Re: Does Martingale Work? Post by: EastSound on April 11, 2019, 10:44:56 AM It does work but it depends on how lucky you are though. ;D
Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on April 11, 2019, 10:45:06 AM Sorry if I've misunderstood, but did you stick to one outcome or change it for example if betting on roulette you stick to black all the time? I'm no mathematician but I've always thought that there must be some way to expand your chances of winning with Martingale, but then if there was I'm sure a smarter guy than me would have cleaned the casions out by now. When I was gambling I never changed the higher or lower and kept the odds at the default of whatever it was so it was nearly 50/50 (minus house edge) and just kept going but I'm sure there are better ways at doing it. I've tested various of community ideas. Like betting on red only after combo of 3 black in a row appear. Or tripling after lost bet instead of doubling and many more. All inside this topic. F.e. https://bitcointalk.org/index.php?topic=5112216.msg49864179#msg49864179 At the end its all about nr of bets: The more you play the more you loose and the less probability of winning you have. Optimal strategy is to bet all your money in one go and go home with 0 or profit. Title: Re: Does Martingale Work? Post by: cabalism13 on April 11, 2019, 02:05:02 PM Another miserable lost, I can't really escape on using this martingale thing. Now it's on Windice, have played with mBTC and almost won a thousand. I really can control my greediness 😂😂😂
Damn Martingale, I hope you didn't exist :P Somebody teach me another way of winning strats? Will owe you one if I became a Millionaire ;D Title: Re: Does Martingale Work? Post by: Indamuck on April 11, 2019, 02:36:02 PM Another miserable lost, I can't really escape on using this martingale thing. Now it's on Windice, have played with mBTC and almost won a thousand. I really can control my greediness 😂😂😂 Damn Martingale, I hope you didn't exist :P Somebody teach me another way of winning strats? Will owe you one if I became a Millionaire ;D There are winning strategies or there would be no casinos left in business. Anything telling you otherwise is a scam or an exploit. Martingale can be very appealing. People often think it works after testing it out because it can take a very long time to hit one of those big losing streaks. You don't think hitting red 15 times in row will happen, but believe me it will. So the same thing applies to dice games. Title: Re: Does Martingale Work? Post by: StarofBTC on April 12, 2019, 09:52:22 AM Another miserable lost, I can't really escape on using this martingale thing. Now it's on Windice, have played with mBTC and almost won a thousand. I really can control my greediness 😂😂😂 Don’t be deceived mate, I don’t think anyone would be generous enough to give you all the details and strategies to winning, if it exist that means all casino sites would have been closed up by now. I have always mentioned that martingale is not as effective as it is been portrayed. I cannot begin to recount all the losses I made using the method, that was when I knew it was overhyped. Damn Martingale, I hope you didn't exist :P Somebody teach me another way of winning strats? Will owe you one if I became a Millionaire ;D My strategy for you is to just try to be you in the game and lay for fun. Don’t commit too much money when playing and slowly and steadily you will someday become a millionaire and hope you remember me when this happens lol.Title: Re: Does Martingale Work? Post by: boyptc on April 12, 2019, 10:27:21 AM It does work but it depends on how lucky you are though. ;D Although I'm feeling lucky, I don't think that this has been so effective to me. :-\Title: Re: Does Martingale Work? Post by: Sutters Mill on April 12, 2019, 12:00:50 PM Some says it work in sport betting but I have tried it myself and it didn't work there either, before I knew it I was bankrupt ,I had little balance to try but choose ten single games with odd 2.1 and had 10 lost bets.Even if I continued maybe I would have won but still the amount won would only be the double of the initial bet which is not a big sum. Sports betting is much worse to do Martingale on because the games are less predictable and the odds will likely be much higher unless you're betting on something that is 50/50. Sounds like you were probably just trying to chase your losses really. As others have said, there's no real method to winning other than being a good gambler and there are professional ones out there that make a living from doing so but you still need a bit of luck ultimately but if you're smart and know your sports you can probably be in net profit over time but I wouldn't ever look to gambling as a career because you could easily bankrupt yourself and there is certainly more losers than winners when it comes to making money from gambling overall. Title: Re: Does Martingale Work? Post by: FlightyPouch on April 12, 2019, 12:34:46 PM It does work but it depends on how lucky you are though. ;D That is the usual gambler and how they usually think about this strategy but I think Martingale is a really good strategy as long as you are using it in the good game. I am a gambler and I usually play dice games, in that statement, if you are using martingale you should be able to have a good amount of money to gamble. If you don't have enough, better stop quickly. I also bet on sports gambling and I usually use Martingale there not only when I lose but also when I win, for me, it is really great. Title: Re: Does Martingale Work? Post by: Caladonian on April 12, 2019, 02:02:06 PM It does work but it depends on how lucky you are though. ;D Although I'm feeling lucky, I don't think that this has been so effective to me. :-\Title: Re: Does Martingale Work? Post by: boyptc on April 13, 2019, 10:32:31 AM It does work but it depends on how lucky you are though. ;D Although I'm feeling lucky, I don't think that this has been so effective to me. :-\But it has never been effective to me, to be honest. Title: Re: Does Martingale Work? Post by: fasdorcas on April 15, 2019, 12:25:25 PM It does work but it depends on how lucky you are though. ;D That is the usual gambler and how they usually think about this strategy but I think Martingale is a really good strategy as long as you are using it in the good game. I am a gambler and I usually play dice games, in that statement, if you are using martingale you should be able to have a good amount of money to gamble. If you don't have enough, better stop quickly. I also bet on sports gambling and I usually use Martingale there not only when I lose but also when I win, for me, it is really great. I think it’s not for player like me who play for fun because I don’t play with much money, I see gambling as fun and I play with very little amount I can easily afford to lose and I believe there are other days to play again, playing with huge money one day and pausing for the next days or months ahead is not so nice, so I would rather play little by little daily for months. Title: Re: Does Martingale Work? Post by: Tytanowy Janusz on April 15, 2019, 01:39:34 PM It does work but it depends on how lucky you are though. ;D That is the usual gambler and how they usually think about this strategy but I think Martingale is a really good strategy as long as you are using it in the good game. I am a gambler and I usually play dice games, in that statement, if you are using martingale you should be able to have a good amount of money to gamble. If you don't have enough, better stop quickly. I also bet on sports gambling and I usually use Martingale there not only when I lose but also when I win, for me, it is really great. I think it’s not for player like me who play for fun because I don’t play with much money, I see gambling as fun and I play with very little amount I can easily afford to lose and I believe there are other days to play again, playing with huge money one day and pausing for the next days or months ahead is not so nice, so I would rather play little by little daily for months. Read OP before posting! Its not "what you think about martingale". Its "martingale DOES NOT WORK HERE IS PROOF". And it does not work for any amount of money. In fact the more money you have the lower probability of doubling you have. Martingale decrease probability of doubling compared to betting everything on red and going home. Title: Re: Does Martingale Work? Post by: BossMacko on April 16, 2019, 05:00:49 AM Martingale works for a short time only if you are lucky. But in the long run you will end up losing your bankroll. It happened to me lot of times already in different coins, tries gambling with alt coin to have longer roll however in the end i keep seeing red train until it eats all of my coin.
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