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I keep hearing about this on gambling forums over and over so it's time to put an end to this once and for all (at least on Bitcointalk, I'm aware this system has existed for centuries and is not going away any time soon unfortunately)

There are even many people selling bots here that use the martingale system on several sites.

The martingale system entails doubling down your stake upon every loss. So, if your initial stake was, say, $1, then you'd bet $2 if you lost a game, and $4 if you lost another one, and so on until you go broke.

The expectation is that you'll never lose with this method, which I'll debunk mathematically.

The saying "The house always wins" exists because there is always the 'house edge', we'll be generous and assume the house edge is a small 1% (when it usually is 2% or higher).

This means that the probability of you losing a game is 51%. Let's assume your bankroll is $100, and your initial stake is 1% of that, or $1.

After six consecutive losses, you would have lost $63 dollars using the martingale method, and will have a remaining balance of $37, after which you would be unable to double down any further.

Many would say that the probability of losing six in a row is very low. That is indeed correct, however, this is exponentially more likely with more games played.

So, assuming a loss rate of 51%, your chances of losing six in a row are: 1 in [ 1/(0.51^6) ] games, or 1 in 57 games.

So, based on this math, after you have played 56 games, statistically speaking, you have a less than 1% chance that you will not have gone nearly bankrupt.

And this is using calculations which don't even assume a minimum or maximum betting limit. Every single game I know has had a maximum stake limit. You may or may not hit that maximum stake limit before you hit the six losses in a row, in which case, you would have a permanent negative ROI a lot faster than calculated above.


There are also many conspiracy theories that games implement various anti-martingale methods, like deliberately giving people long losing streaks at certain intervals. However, I believe this is largely a hoax. The martingale system is, for the most part, self defeating, and casinos would actually love someone who plays like that, because it means the casino is basically guaranteed a win.

Also, if they did implement anti martingale techniques, then one could simply play with an algorithm that defeats such a pattern. For example, you could play the anti martingale technique which entails doubling down when you win, and halving your stake when you lose. It would be every mathematician's dream come true if casinos did make their games follow a fixed/rigged anti-martingale losses pattern like that. Instead, games scatter wins and losses at a random pattern, combining that with the house edge is effectively a guarantee that the casinos will make money. If you truly want to win in gambling, you have to learn creative ways to defeat the house edge. The martingale method does not reduce the house edge, it merely satisfies you psychologically by changing how you perceive your losses.

Martingale isn't a winning strategy, it is one of the way where you get the increased chance of recovery. In simple terms it increases the probability of winning and the same isn't assured. A huge bank roll is a must and the same makes it quite risky, this seems to be the true reason where gamblers face loss applying the martingale state strategy when experiencing consecutive losses.

None of these "techniques" is for trying to win the game so in the end they all just differ on how long you remain in the game. If you're particularly unlucky, you'd burn through your money fast using the Martingale.

Basically it's a choice of whether you want to quickly test how lucky you can get or whether you want to only gain small wins and reduce loss.

Your recovery chances are short-lived and your chances of recovering are not any greater than your chances of winning any random bet.


No, it does not increase your probability of winning. Your win probability stays the same.


Even with a bankroll of 1 million dollars, if you were staking $1 per bet, 19 losses in a row would wipe out your entire bankroll. So you would have lost a million dollars trying to chase an initial loss of $1, after 19 consecutive losses. With a 51% loss rate, the chances of 19 losses in a row are 1 in 359887 games. So if you play 100 games a day, you would have lost $1,000,000 in 9 years. If instead you are lucky, you would instead make $359,887 in the same 9 years. Horrible risk to benefit ratio.

We already have a lot of discussions around the same subject. Please visit those threads to know what other are thinking about martingale strategy. Let me give you few links for your reference,
   
Subject: is the martingale working or not ?
Link: https://bitcointalk.org/index.php?topic=2570086.0

Subject: How do you define the Martingale effect?
Link: https://bitcointalk.org/index.php?topic=5115069.0;all

Subject: Does Martingale really works?
Link: https://bitcointalk.org/index.php?topic=610339.0

Hope these threads will give you more insights about Martingale strategy.

Hypothetically if you have an infinite amount and start with a small amount, you'd never loss. But as no one has an infinite amount and the martingale rises more quickly (geometrically), you'll soon reach to your amount limit. Yet, there are few people who insisted they have never lost due to martingale, I believe they didn't bet a lot.

^ That's right, not only infinite of a huge amount and also infinite of a huge amount to start as capital and also you must have a literally infinite bankroll and absolutely no betting limits. Can you do that? Well, here is the fact that the bankroll is undefeatable, maybe you can but I think that is your luck just because the truth is the house still has an edge. Analytically speaking, just enjoy and have fun on gambling and set only that you can afford.

I have to give you merit for giving us a good analysis about this martingale, actually, there is a thread like that and OP boosted that you can get rich doing that, he cannot show proof that he really doing this and making a killing, yours is back up by sound logic.

Almost all of the common gambling strategies people use in -EV gambling games such as the martingale as being mentioned here are pretty clearly faulty as you've pointed out here, sucks that it's getting so much attention and people are clearly trying it out pretty often as evidenced by the number of threads in this part of the forum regarding gambling strategies.

All these games (except sometimes during promotions) are -EV which means you're going to lose money in the long run while gambling, and unless you find using these strategies fun, you do not gain anything like an edge by using them.

Martingale has many variations actually, for instance, reverse martingale and Fibonacci martingale. Each "strategy" has its own merit. For example, a simple martingale works as long as you are not in a long losing streak. Fibonacci martingale allows you to play more than a simple martingale. Reverse martingale works best if you are in a winning streak.

However, at the end of the day, the results will depend on your luck. Also, if you play long enough, the house will always win.

There is no guaranteed strategy to win in a casino, just like there is no guaranteed TA strategy to succeed in trading.

Almost all the casino know about the Martingale strategy and they will detect that you are playing gambling with Martingale strategy. Also many times you will keep on losing on Martingale strategy till your balance become zero. With Martingale strategy, you will not be able to win big amounts.

Well, it is base on luck and the house edge will always have a favor to win. If you have a lot of money and spend more time in the martingale system strategy, if you are in dice you set in auto roll dice. There is a chance that you probably earn profit but this unconditional situation because every betting is unpredictable so that is very hard to conclude. Indeed, it will end up on how lucky you are in gambling space.

In the end every system will be beaten by the house. Marginal can be a good tactic but a big red streak can swipe all your winnings at once.

Some users can wager marginal for days bad making a good profit. Others aren't that lucky and are broke within a few minutes.

Thats because you shouldn't double your losses after a lose, you gotta increase your bet 4x fold not 2x that i the secret obviously

I hope english isnt your first language and you got to practice all of that because if it is, you just wasted your time

Martingale system might effectively work if the player has a working strategy applicable in binary option, forex trading but I don't believe it work in gambling where the chances of wining is 50:50 and a bit of luck of course their is no holy grail however doubling your stakes in system in the name of martingale that has no assurance of wining in a row will amount to total loss of income.
Its will be very interesting to see successful gambler who had applied that system to prove its effectiveness.

The martingale technique does not guarantee that you can continue to win many times, this technique is only done when someone continues to lose and then multiplies the bet in the hope of returning the capital that has been spent. for some people who often do martingale techniques, of course he plays full of confidence and is not afraid to experience big losses

Martingale has worked fine for me in the past but it all depends on the odds you're using. I've had pretty long losing streaks when playing 50/50.

I must admit, I don't play on many online casinos. Exactly what are the usual minimum and maximum bets for a dice game? If the minimum bet is 1 satoshi and the maximum is 1 BTC, you would have to lose 23 times in a row to not be able to double your bet anymore. That would be ~ 1 in 5 million streaks. Of course, with an expected profit of only 1 satoshi per series, no one is going to get rich. However, it may keep someone entertained for quite sometime before going bust. (Unless they are extremely unlucky.)

They haven't experienced for sure but once they had faced up that thing they will surely realize that they have been

fucked up by martingale strategy.The feeling on seeing the recovery of your funds+profits when martingale wins but when
losing streaks is already starting then you should be scare off if it do continue because no matter how big your bankroll is,it doesn't guarantee that it wont bust up.

Martingale strategy is not good for me, especially if you have only a small amount of capital. I admit that I only gamble if there is the spare amount on my bitcoin or just came from my reward on the campaign. But in general, just once in the blue moon, I can able to gamble due to very busy in real life. Lots of funds and spend more time, that's martingale does work.

You explained this much better then i could. I have been trying to explain this to my friend and i got the answer: "You just need more money".

Not that I am saying that martingale strategy works but there are times I a using this strategy when use auto betting however there is a slight twist on it. Th settings is not normal. I adjust the chance of winning to 89% and set increase bet by 15% when I lost. The chance of loosing is very low at that settings and when you did, bet will increase if you lost 2 times in a row or more.

Betting on 89% winning chance and 15% increase after lose doesn't recover your previous loss, you will get another red streak or more until your bankroll wiped out. Hoping to recover with many greens after a red doesn't helped you at all too.

before I implement that strategy I make sure first that I have enough amount because I will be chasing my lost and it could go 15 or 20 successive losses to get a win, only high rollers are more capable of this, because they have the funds to do it.

I could see the strategy work for a few times by only doing a small number of rolls maybe at least 10 - 30 bets and  stop if you're on profit. It will fail if he starts to bet for a long time, i've tried betting at 90% before and with a constant bet amount there's a possibility to profit but I eventually start to lose once the total bet reaches 100+.

Infinite amount is not really the best word but a very substantial amount; here we are talking about multi million dollars and there are gamblers with this type of money actually. I think that most of the gamblers that might have this type of money to play are not really playing for money, they do it for entertainment and as well they keep on making money.

I have not seen but have heard stories of gamblers that have played using martingale and never lost and from what I learnt they bet but because of the increased amount deposited, it never goes down to them losing, so while recovering there’s a greater chance of winning. This is the reason it’s called a winning strategy but it should be stated winning strategy for rich gamblers.

Deciding to stop is the key to success here. But when people get the taste of easy money, people would not stop gambling until they lost it all.
Even though they win and withdraw from one site, they'll eventually lose it on some other.

self control can help you secure your winnings if you manage to won but if ever you manage to loose , self control can help you limit from loosing big  . both can still be considered as a key to success so your right   .

theres no easy money on this world  . you need to work to earn and you are using your hard earned cash to play a gambling but there is no assurance that youl win  .  not all people are desperate to maxed out thier winning but some are wise to stop once they already earn some

you are withdrawing to stop and keeping the money in your safe  , you dont stop because you will play on the other gambling site becuase that is a risky move .  withdrawing and stopping doesnt make sense at all  . why play on other casino if you can just play on the ones that your currently using .

I think the reason many gamblers assume martingale is not a winning strategy is because it never really worked for them and in my opinion, martingale strategy is not for little gamblers but big time gamblers. If you say it gives chance for recovery, then there should be a great probability for winning but this can only be for those who have enough stakes to sustain the game and I can tell you that an ordinary gambler cannot use this strategy.

I have seen cases where a gambler that is only playing for fun decides to use martingale system believing that it will enable them win their games, Hell NO. It does not work that way. This is the reason many has written off the strategy but at the same time, those professional gamblers are still cashing out daily using the strategy.

Despite your post,hundreds of greedy gamblers use the martingale tactic every day.You can't just force them to stop using it.We all know that martingale sucks,but the greed and gambling addiction blinds the poor people,who keep using it until they get broke.The people,who are stupid enough to believe in this martingale  bullshit,usually deserve to lose their money. :(

Hard realities in gambler's life, using this method blindly let the players to lose money inside the gambling house, there's a lot of bad reviews about this system but in the other hands gamblers are still trying to find luck to win with this strategy, keep doubling and hoping before your bankroll is completely burned win will showed up and bring everything back in shape, but before that time comes you already being empty by that hope inside your mind.

Majorly this is the reason and due to which it actually does not work for most of the people as every one has a limited money or can take only limited risk to put some money in the gambling. And in that phase you do not make money you end up losing money .

All strategy about gambling needs more money, some strategy is always about chasing your losses so if you are gambling with a mindset and strategy to win then you need a lot of money to back up those strategies, this is the reason why only high rollers can implement that strategy and can prove that it's really working.

martingale only sucks to gamblers who has a small amount to gamble and also most gambling site has a maximum stake limit (just like you said) the reason they put this "limit" is because martingale does work and the  house can lose continuously if they didn't implement the maximum stake limit.

To be successful in martingale system, you will need a huge amount of bankroll. Even having a huge amount of bankroll might make you go bankrupt. You will never lose in martingale strategy if your bankroll was infinite. But then again, why would someone gamble if they had infinite amount of money?
Martingale system would be the best system if the game he is playing had escalating odds, where your odds keep on increasing each time you make a bet and lose. But, that is not the case for most of the gambling games available. They have fixed unchanging odds!

I think every gambler already use martingale method once
i admit, I used, but I lost in a short period of time

If you use a system completely fair, and you have a really huge amout of money, or satoshis, you can gain some money, but a completely fair system is almost impossible to find, follow the rule of the house always wins, and you'll never be disappointed   ;D

Play to have fun

Don't forget that the house has a "max profit" policy which means we can not bet with the amount higher than the max profit being set. So, even with the right amount of money, it won't always make our martingale run as expected. Frankly, martingale is a very risky method to use since we have to chase our small lose with the higher amount until we hit the green one.

How big is your bankroll does matter with martingale system which it can possibly hold up a long losing streak.This strategy is the most fastest way on busting or blowing up your account which imagine that you do double your bet on each loss roll.When streak hits you then better be ready the chance to lose up.There no strategy that can give out profitability.

I think that everyone of us have had that moment when he opened up a web browser and searched for how to win in gambling.I am sure that the first results were some sites with the Martingale strategy and I think any of us have started to try this at least once.The results I think have been the same for all of us,it doesn't work

So meaning using martingale system is depends on the player luck got win or loses consistently. But I still believe skill including luck with instinct  is the way to got success that's way is best technique.

Yes it all depends on individual luck and the more you bet, the more your luck goes down as probability comes into action. You can't beat the maths on long run. Martingale has been tested for centuries and if it was successful, we would not have any gambling sites.

That is not true because the martingle system was never completed, it was just an idea which was never developed that we got a lot of Technologies and even AI in this generation we can overcome a lot of problems without even spending a penny on them. I know it someone is going to use the martingle system they can win the game in the short run but casinos make money in the long run. And martingle system ensures that is a player can you get multiple chances to win the same bet. That is simple words is going to make you lose everything you have so we need to just avoid the system and not leave the system completely.

I am sorry to say but you really do not sound so intelligent with this post. What do you mean by gambler using strategies has been greedy? Is this your definition of greed?  Are you aware that gambling is someone’s profession and this is where most bills are been paid? So trying all available strategies to win is inevitable in this game and this is the reason a lot of us have given this and many other strategies a trial


It hurts that martingale is not really for small gamblers and it has been overhyped. The first time I read about its effectiveness, I was lured to play with a large amount, although I still lost it all because it’s not the kind of amount required for such strategy.

It is good that the strategy sucks and I am glad it is not reliable, what this clearly means is that no gamblers need any form of strategy to succeed. It is against the laws covering gambling. Gambling is a game of fun and gamblers are meant to enjoy the game not depending on any kind of strategy to win but some set of gamblers decided to go through the back door to create short cuts to winning, simply because they have taken gambling for a profession. No wonder the strategies never work. Even though it works for a short term but will never be permanent.

What is gambling when a strategy is implored to play? It becomes an ordinary uninteresting game and it loses all the entertainment that comes with it. This is one of the reasons why I never and will try Martingale or any other strategy in gambling.

this is the same on video games when you cheated on them or when you use walkthroughs  . the game becomes boring however on gambling it doesnt become boring if your goal is to earn  . deploying a strategy on gambling also makes you more creative and it becomes interisting imho  .

you dont need to follow the trend that you see  . its still better to follow your own strategy if you think you can win by using it 

The martingale strategy has been discussed in this forum over and over already. And most would agree that it never work. Most of the gamblers also have done it at least once in any casino. I guess this topic will always pop up as long as there are new gamblers who would want a sure way to win against the house.


You can only surely win in martingale is when you have an infinite amount of money to play with. No one has that money and online casinos have limits on the amount you can bet.

It will work if you will be blessed by luck mate because strategy with luck is sure win in gambling but as we know this is not happening for everyone and not anytime there’s only limited chance for people to earn this both

Indeed, because the martingale system is not intended for gambling, I believe the system on the gambling platform has provided anti-martiangle, so anyone who uses this system will lose even if he uses martiangle up to level 10. If you play gambling, it is better to use a parlay system, where we bet from previous advantage. Martiangle only works for trade.

Parlays are just as useless as the Martingale system in the long term. All these parlay bets were designed to provide an edge to the bookies and I would never recommend any of these systems apart from the Alphabet system.

The Alphabet system ensures you get back a good portion of your money even if several teams which you selected end up losing which is a sweet deal.

True but don't you think there is still a small chance of back to back losses and ultimately a nil balance. Sometimes also some guys get panic in between that they just stop a significant portion of their big bankroll. It might be easy to say but from gamblers perspective I feel it's too much to risk.

Escalating odds might give gamblers a good favour but IMO that alone also doesn't eliminates the chance of red streak at whole.

Both are a bad strategy if you use it on a regular basis.

For me, I'm not a fan of martingale method anymore but I like to do parlay bets from time to time, especially if I have some extra money to bet.
If I have to bet, I focus on one odds only as that gives better chance of winning for me, but in general really, all kind of betting strategy won't work permanently, we are just bettors, they control the system and they can adjust when necessary.

For me as according to the rules of martingale I guess it is applicable as this way the person who is loosing can double the investment and the first loss can help to be recovered but the only thing people use to say that it is not for gambling is because no one knows as the chances to hit the loss or profit is 50/50.

People shouldn't search for any strategy obviously, they don't work in the long run.

You are clearly a complete moron who thinks that some magic strategy can somehow defy the law of odds.

If you want a winning strategy, take your profits and leave, that's the only way.

It seems to me that even today, many people using the browser are looking for opportunities to win gambling.  But why look so far and risk your own money if we already have everything on bitcointalk.  Best of all, this particular forum provides a sufficiently large amount of information for a gambler.

Is gambling really designed to be someone’s profession? Will those gamblers who take it for profession still not survive if there was no gambling and lastly how can a game of uncertainty pass as profession? Please do well to give answers to my question okay.

I am not in support of any player using strategies to play, even gamblers that play for entertainment, are not doing any good to the game using strategies.  Personally I would say that anyone that uses strategies in gambling is greedy. It’s just like not following the right procedures, if strategies were to be part of the game, then the operators of each game would one as a guide. As long as there is nothing like this, then I would say that it’s illegal to play using strategies and it’s against gambling policy.

There is only one strategy which works %100 of the time (provided that the casinos you play on are trusted);

Sure betting. (or arbitrage betting)

Similar to what you do between exchanges with your coins, you do it between casinos.


Here is a calculator:
https://www.betburger.com/surebet-calculator

With martingale every game has its own chance and they are independent from the previous results. Liverpool may win 20 times before they lose a game and you'll lose all your capital by then.

1st game:  1
2nd game: 2
3rd game: 4
4th game: 8
5th game: 16
6th game: 32
7th game: 64
8th game: 128

If you lose 7 times in a row, by the time you get to the 8th game, you'll have to invest x128 of what you originally invested and if thats a %50 chance game, you are only going to profit 1 unit.

You'll need to invest 128 units at the 8th game to win only 1 unit.

This is the most retarded shit you are getting yourself into.

Going all in makes more sense.

Almost every gambling uses this martingale system. Everyone thinks that doubling the bets of a losing experience can make lost bets return. But, sometimes it doesn't work as we thought.

I also hope that there will be a new system that can replace this system which is truly a solution when we get defeat.

Unfortunately arbitrage betting only works with sportsbooks and other event-based bets, you can't perform arbitrage bets at something like a dice site or casino.

That being said, even arbitrage betting can get you screwed sometimes, such as when one side of the bet cancels all betting due to a mistake, leaving you stuck with a potentially losing bet on the other sportsbook.

Indeed, especially if you use this strategy in a long time, losing 7 times in a row is something that is definitely to happen at gambling, martingale will eat all your capital after that and you will end up with bankruptcy. if you want to use this strategy, make sure that you are prepared for losses and could leave at the right time (when you get profit already)

So far, it's one of the most famous strategy and being used by most of newbies and script user and also the worst strategy. Well, most of strategies sucks at long run. I also used martingale in the start of my gambling time and had only good run for a short period of time. After consecutive losses with martingale, I stop using it until now for how many years.

I think the problem is, not everyone that comes on this forum are here to learn. I think some people just come to play around if there’s anything like that because, I have seen it on so many occasions where gamblers have been advised against the use of some strategies, also there are times gamblers are been warned of visiting some sites and its always surprising to see that some gamblers will still fall into this trap and come back to complain.

Truth be told, Bitcoin forum has really helped a lot of gamblers like me in differentiating between wrong and right. Also, it was one of the topics I read here sometimes ago I got to learn that martingale strategy isn’t for small gamblers and since then I never used it.

This is a famous gambling strategy but you can do a google search for the actual truth about this system
'Doubling down' is not a good mentality to have with gambling regardless if its a game of chance or if its a sports bet
I will be honest that when I play on some casino sites I also find myself 'doubling down' but once I convince myself its a losing venture I am able to control my desire to continue.
People only need to gamble for entertainment not for a means of salary

https://wizardofodds.com/gambling/betting-systems/
'The Martingale'

Well said bro, I keep wondering why people believe there is a winning strategy in gambling. This has never crossed my mind because I understand that beating the odd is absolutely impossible. It has been made to be in favor of the site. Like you said and I completely agree, take your little profit after each win and go home. Don’t ever think of double betting or recovering loses, this way you are opening doors for more loses.

I have and will always be against martingale strategy. It has never favored anyone I know and whoever came up with this strategy obviously did it to deceive gamblers because it really sucks and has led many gamblers into debts. I know of a gambler that borrowed money from his family to gamble believing that martingale system will enable him win, he lost it all completely and went into depression at the end.

People do come in gambling to win, to apply different strategy like martingale etc but they end up losing. Whether you invest more money to chase your loss or you reinvest your profits in gambling, You lose in gambling in both ways.  The only winner in gambling is who is not greedy and also who has the power to bear the small loses and not chase them which might turn into big loses.

I think that the only winner in gambling is the owner and investor.  ;D But I really agree with you that you can not go on about their dependence on gambling.  If you managed to get a win, you do not need to abuse your success.

Double down your winning is good while you invest and there are some chances of lose you can double your investment but some people says it has allot of risk because if there are chances to win at the same time there are few chances for the game to change at once so it can cause lose but if the gambler has faith and confidence in his skills he can overcome your lose.

In my opinion, the problem is not with gambling or its strategies that fail to work but with the players, from your story, how can someone borrow money just to play games. Irrespective of the assurance, the number one rule of gambling which I learnt since the first day I began playing is never gamble what you cannot afford to lose and what this meant to me was SPARE money. Borrowing money for me, is going to the extreme because I feel it’s not worth it, so we can’t blame this on the system.

Like you have said, whoever that made the martingale system understands it better, I have read testimonies of those it worked for and to those whom it disappointed, maybe contentment is all they need to learn to succeed in gambling.

You hit the cherry, mate!

The question now is, by the time you are realizing that, I mean after you lost the 7th consecutive game, do you still have the 128 units to bet? By the time you are somehow enlightened and finally go for the all in, does your capital still support you? If yes, that's good for you. You may start back to step 1.

It doesn't really matter whether you have have 128 units or not at this point tbh. It becomes ridiculously retarded to wager that 128 units even if you have them.

What is going to happen if you lose again? Then you'll lose another 128 units added to your previous 127 lost units.

If you win, you only get 1.

Of course, getting 1 unit is better than losing 127 units but we play to make money remember? We don't play to minimize our losses.

Oh yes! Aside from the fun, it has to be about the money. Take the money away and perhaps the fun will also evaporate.

Anyway, I think Martingale remains a strategy until today because some gamblers, or perhaps a lot, would surely choose to regain all their losses in a single bet rather than little by little. Spell impatience.

The 1 unit may seem very little and certainly not worth the 128 units bet. But considering the respite after finally taking back the 127 lost units after 7 consecutive losses, that must be a little heaven. That must definitely count.  And if that fails, well, there's always a 356 bet that follows.  ;D

The system you are talking about is certainly not a gain method. When this system is used, there is only one winner, as we all would have guessed, the winner. Although this system makes sense in the process of winning, it actually causes many players to lose more money. Although there are some players who make money by chance using this method, we see that there are more players who lose when generalizing. It is also a case that this system was created to fill the pocket of the player, not to make a profit. Although it may seem logical to players, we are talking about a method that works entirely for the safe.

very good analysis and very clear, but still many people implement this I sometimes implement this and we have one thread here that tells us that he uses this to get rich which we doubt because he did not come back to show us proof, operators know this and they want us to do this in the hope that they can really bring down the house.

Maybe some have that luck to win some from the house but to completely bankrupt the house using this system will be next to impossible as before you can push your luck in a long run striking wins you'll suffer loses along the way, losing streak will break all your momentum and build aggressiveness inside you, making you to bet higher than the usual and lose everything after.

A good explanation and that is why I always ended up losing whenever I use Martingale strategy. There is just 30-40% chance of winning. And the moment I doubled my bet, reds are hunting me. Why not revise the strategy and just divide your bet until you get back the loses? Anyway, I've tried so many strategies but luck is only the reason why I win. And its true that the house edge always win, we have to accept that fact.

These strategies never assure a win. To be successful a perfect fund managing is a must. Most of the time in dice I've the limits on roll as well spending. This way of gambling keeps me limited from loss and success at times. Finally my capital won't be getting disturbed.

Somehow house get its edge, and house gets a bigger edge when we go back getting back the lost amount instantly. This might succeed once or twice, for the same we should not continue risking.

Obviously and the reason why martingale won't work in the long run is because casino's have the right to limit your bet, and no gambler has an unlimited bankroll. 10 losing streak is possible, and once you are on it streak and you are starting with a decent amount, you'll feel the pain in the last loss.

Actually it is not entirely the fault of the martingale system, it is more a mistake in each of them. Many of the gamblers chase martiangle with high emotional states, especially when the first martiangle they lose, it will spur chaos and even add to the defeat.

The martingle system still works well in my opinion, only if the gambler can wisely use this system. It's useless if many systems are used but can't manage bets after losses.

Like me, I combined the parlay and martingle system and so far it's good for me. Of course I am not risking what I cannot afford to lose and I am managing all profits and losses well.

Of course, luck is the only reason we can win and no matter we modify the strategy, when we don't have luck, then we will end in a short time. Although we double the bets in many times, it doesn't give us guarantee to win, and for this, I have the experience, but if I count, I think I don't have many times to win. But if you have luck, and you are using martingale strategy or another strategy, you can win the game with ease.

Every bet you put, you are already betting against a site with a house edge and even if the house edge is very small, that is still an edge and you have lesser chance of winning every round. The longer you play that will bring down to the possibility that you will still loss, and even if you are lucky, you will still loss int he long run as luck alone can't bring your consistency and any game as long as there is a house edge, no method would work in the long run, even martingale.

People here are talking about doubling your bet everytime you lose as that is what Martingale is all about but for this you need an almost infinite bankroll and you will only win the double of your initial bet.Risking all your money with this strategy is not worthy and it doesn't work at all.

When I made my own Martingale script for dice I just added 10% after each losing bet instead of 100%, which makes your bankroll last much longer, but the end result is the same: eventually the house edge will get you and slowly take everything from you. Nevertheless, winning streaks feel fun, and make you feel like you're doing something right.

I suppose the best strategy is to only place 1 bet, and that's it. If you win, great! You double your money. If you lose, well that sucks, but you have to quit right there and then, not chasing the loss. Of course its not very much fun, but it is technically the best strategy when engaging in anything with a rigid house edge.

It might sound funny but it’s very true, this is what I think because I can’t imagine a situation where a game defies all strategies, if strategies don’t work, then what does because this is a big question that needs urgent answers. Winning is has now become even  more difficult, this is no longer a matter of abusing the win,  maybe it’s only happening to me alone but this game has really been frustrating.

For now, I think the best we can do is to accept gambling as a game of entertainment, then focus on having fun rather than hoping on making profit that never works. Maybe gambling was indeed never meant for profit making, if it were I believe the odds will be fair to both parties rather than on the side of the site alone.

Hi,

i wrote a js multiprocess calculator for martingale, where you can test your strategies.
It's not yet documente well, but you can try with.. and finally understand that you need to risk a big capital to win.

strategy=1, (0 1 or 2)
min_losses=1 (if you put 4, it will wait 4 losses in a raw before to play martingale),
tot rolls at 1 million, 
then set odds/increase as you like (there is another calculator on the website to find the minimum incr to martingale on different odds)
cunk size put at max 20000, it's the size of the chunk executed by a single process...

https://www.bitso.me/hi-lo-calc.php

hope you enjoy

Martingale sucks if your odds in the game that you are playing is really low no matter where you put your bet on but if it has a mixed one then it doesn't really suck that bad. I think that it is a shitty strategy but I think that I can't speak for everyone since it works for other people.

A rookie mistake is thinking that the Martingale strategy is meant to help you win more games, which it really isn't. It's just there to offer you higher recovery chances by always doubling down on your losses next turn. This of course is a user-case basis and if you think you wouldn't be able to afford committing to the Martingale strategy, then you probably really can't. That's just it.

It works for others who can keep up doubling their bet up to twenty bets, but if you have a big bankroll you will be tempted to triple your bets, martingale is an unpredictable strategy, if you are going to try it be sure you have a big bankroll and you stick your strategy, you'll get bored but one mistake can wipe out everything.

Not a lot of people knows that they think that it is a way to win against the house. For me, you can only do this effectively if you have the money to go on for long because you are going to incur a lot of losses in this strategy but the payout will be good if you hit the win because you will be able to take some wins and get a break even.

The martingale system is here to help us control our bets. If we follow the fixed set of rules our strategy will make us win in the long run. We know that to recover all our previous losses all we need is to win one time. Also the chances to lose our money is much smaller. When doing a coin flip we face 50/50 chances, but if we keep doing it for 10 games in a row the chances are much smaller. The big problem for many with the strategy is that they don't have enough bankroll to start with and use to large initial bets.

Yeah, I forgot that you also should have a big bankroll which defeats the purpose of gambling for fun because you are putting a lot of funds. Martingale makes you gamble because you need to make money and not to have fun.

After my experience, the martingale money management strategy is one of the most dangerous ways of staking. It assumes that after at least 10-11 bets (depending on your bankroll) you will have a winner bet.
I've been value betting for years and I can say that even with the best smart betting strategy you can have a streak of even 13-14 lost bets. Don't ask me how is it possible  :D :D but I experienced that.
A more soft way of using martingale probably can help you in decreasing the loss by doubling only every second bet when you lose...but even that can be dangerous.

For those who are searching for a more viable staking strategy, I would suggest a not-so-greedy way of making money. Even using flat stakes can have a less bad effect than martingale.
After my experience, one of the best money management strategies is variable staking (every time the same amount of percentage of your balance). If you are interested have a look at the following simulations I made with different betting strategies focusing on value betting (https://sportssmartbetting.com/how-much-can-you-make-from-value-betting/)
You might also find useful the following articles about:
Crypto bookmakers (https://sportssmartbetting.com/anonymous-crypto-sports-betting-gambling-site/) and the best crypto bookmakers (https://sportssmartbetting.com/anonymous-crypto-sports-betting-gambling-site/)

Well, I will just repeat what I always say... it's not martingale that fucks you up, it's greediness!

A little example... you can open any crypto site that has a 0.00000001 min bet! That 0.00000001 can be in TRX for example, or you can take any cheap alt that is accepted in your favorite casino! But let's focus on TRX in this example! So $10 = 72 TRX (in the moment of writing)! With a 0.00000001 TRX base bet you can try a lot of strategies, and most of them will probably work, but the profit after all day rolling will be minimal probably (if you wish to be safe all the time)! If you start from this base bet, and you double every next bet, your 31st bet will be 21.47 TRX! So at x2, even the 31st bet (after 30 lost rolls) will bring you minimal profit!

After all, it's about patience I think! You can play "safe" strategies with some bankroll, but profit will be minimal! With patience and a lot of control, I believe it's possible to build a nice bankroll! But at the moment when greediness takes its moment, and we rise base bet because the profit we make is too small, it's the moment when we leave safe play and enter the high risking gambling! And in that moment's anything can happen! We can win big, but we need to be aware that we can lose big too!

Satisfaction and moving away from greediness will allow you to win some using this strategy, base from your perspectives using low value coin to set your strategy, the possibilities is always there for you. But once greed overtake your mindset there the problem will start, having a lots of losing streak will place you in the middle of frear and agressions.

Either you go all in or you'll change your system, if luck permits you the you are good to go but if ain't there to rescue you, then expect
losing your bankroll.

I agree. Many gamblers think martingale strategy is the fastest way to recover the losses by doubling your stake but its not really the case.

Doubling your stake can also means of more losses if you're not lucky enough to win. Its a risky strategy with no assurance, thus its not advisable if you lose and looking for effective strategy. Unless if you're prepared for possible further losses and has a money to use for this strategy.

One of the most common mistake impression towards martingale and other strategies that do exist online towards gambling where people do really believe that strategies that do work
does really exist which isnt really a wrong mindset to have because this will just spark out your greediness which would really result into loss of money since you would really be pushing
off your luck on winning a particular game and talking about martingale then several losing streaks will surely fucked up your entire balance in a blink of an eye.
Therefore its better not to take it seriously nor believe that there's a working strategy in gambling.

I must say it is the worst approach or analysis of Martigale's strategy. Horrible!

It is that you do not have the most absolute idea of the context that you should have had and you mix realities with lies and you manage to finish confusing several that add to your wrong point of view.


You can have opinions, but there are unobjectionable truths, it is what the mathematics is for, in fact there is a mathematical foundation behind this strategy, very simple but you should read it.

The first thing you can find there is that you need a bankroll adequate to the size of the bet you make and recommends a finite bankroll to never lose, but as such thing  does not exist, it requires that you analyze the variables involved well.

For example, the type of game to which the technique is going to be applied and of course the minimum payment of 2x.

Is important know what in the long term does not serve less than that, I have seen people here applying Martingale to sports betting without looking at the odds, it may be that this applying a personal technique but never Martingale.

On the other hand, you cannot use $ 1 bets if you have a bankroll of $ 100 in any game and neither will any strategy work for you, at least of course you want to have fun, spend some leisure time, etc. It does not work, if he wins, it is a matter of the recreational player who is only interested in having fun.

The non-recreational player who wants to put luck aside, has a correct bankroll management and takes risk according to his experience.

Inform yourself, study your game, analyze your losses, there are many players who come every day to play and never sit down to analyze what type of bets they use, how long they play, how many spins they make daily and a great infinity of statistics that usually with some time one learns to handle them systematically.

The good player does not end his game because he is on a bad streak or retires on a positive streak for fear of losing what he has won, but because it is time.

Become an intelligent player, being a winner requires effort, you have to study, analyze and understand the game and after that comes the skills or do something different, not just leave it to a strategy and if the strategy does not work then we mistakenly blame the strategy.

Please!! Tomorrow is a new good day to play; repeat it everyday.

Save your bankroll, we are in the crypto world and you have up to 8 decimal places to place a bet.

Using martingale is the best way on busting up your balance but there are still lots of people been using this common strategy specially on dice where doubling your bet or stake when in loss.

Honestly this is really making the situation even more worst because you cant know on how long the losing streak would be and it will also depend on how big your bankroll is or capital.

If it could able to handle a long losing streak or not but if not then you would be having  a hard time on making recovery so i dont see for it to be worth.

This is betting 101. It is not only people recommending martigale out there, it is also that they tend to mix it with other betting systems that are probably as useless - to put it softly - as this one. Doubling the bet does not work in math, does not work in practice and anyone who still holds a doubt about it should play some simulations with monopoly money. As said in the post, not even without betting limits is there any merit on it.

The issue is that is seems kind of intuitive to double the betting and that is why someone might be convinced.

Let them be smarter than you. It's their problem if they are using martingale or not.

Mathematically speaking...yea...probably you won't have a streak of 15-17 bets..but for being able to use martingale long enough your first bets in the line should be very small...

On the other hand in sports betting is useless...bookmakers are not allowing you to place stakes big enough when you are at a stage of 8-10 bet lost...you will reach the max limits or they will limit you first for forcing those bets.

In poker, slots ...blackjack...I have no idea, but in sports betting is not a sustainable staking strategy.

Martingale Strat is bad for me because I only have small capital so it could only loss for a couple of rounds.
I also think that it is just a strat that would surely burn your money in the long run.
I don't know but I think it is only for those who really have a huge capital but still really risky at all because we don't know how many consecutive loss you would get.
I mean it does feel that it is rigged sometimes because of the consecutive loss that you would get while playing with almost 50/50 chance right.

When you do have small capital in gambling then i dont see for using martingale would be recommendable because as said that with few losses then you entire balance would suffer.
Better to play with manual and enjoy those small capital you do have rather than go with automation which it would only be busting up with few bets.
Martingale strategy isnt really bad to use on but the issue here is on the gambler itself on how well he would able to handle himself on allocating his finances.
Its up to someone if he would really be enjoying it or rather chase up for profits.

The real trouble with doubling your bet each time is that your losses are growing exponentially and a starting bet of 1 satoshi, having 10 losses in a row can bring you down by 1000 satoshi and imagine the number if you start with 1k satoshi itself.

So your wins are small as you reset every time on win, basically, you are going to win 1 satoshi each time at best and if you lose, you are going to lose big because each time you lose, you are doubling your money.

I have applied martingale multiple times and multiple variant of it by betting on 90% and increasing the bet by 10x or betting at 66.66% and tripling my bet but honestly nothing works because again wins are small but losses grow exponentially.

Sometimes martingale works for odd numbers,having the right bank roll and choosing the right games. Because if we all claimed it was that bad people would have stopped talking about it way back ,but instead everyday we see a new betting strategy, somewhere in there some one will mention martingale, besides there is the right way and wrong way of using this strategy.

That is why I've stopped talking about it when someone asks for strategies to such games where it is applicable. Because in my own experience, it didn't worked for me.
But there are other gamblers and they are quite few these days that are still using this strategy because it's working for them. Working for a very few and some but it doesn't for many including me.

No matter which game you chose and whether it is martingale on odd/even numbers or under/over a particular number. As long as the house has an edge you are going to lose in the long run. Actually, even if we keep aside the house edge I think one would still lose with such strategy because the casino house will have the bigger wallet and will easily beat us unless we get extremely lucky and don't get a bad streak making a million rolls.

Strategies people make whether it is martingale or any other are just different ways of wagering money and when you wager money against a house edge you will always have the upper hand. If any single strategy was working, all the casinos would have been cleaned up until now and more importantly, maths wouldn't be a subject anymore.

I don't think martingale is that bad but it is just not meant for big wins. Whenever I deposit and play I can easily win 5% of my bankroll via martingale and I know it can fail at times, but if you are aiming to double your money through martingale it will almost never work.

No matter how big your bankroll is but the house has even bigger bankroll and remember the smaller fishes is eaten alive by the bigger fish and it get's bigger.

Recovery through martingale can clean your bankroll entirely so yeah I wouldn't advise chasing your wins by using martingale strategy if at all chase your loss in the first place.

I don't understand what can be discussed here again, Martingale does not work (like any strategy in a casino). This strategy is good only for creating some kind of illusion (given the fact that you start the game with micro stakes, you will be in profit, albeit small, but for quite a long time) that you can beat the casino.

Which is an impossible thing to happen thinking off about beating of a casino because it wont really happen and to think off that gambling business wont really exist in the first place if there are
really working strategies.People doesnt really get tired into searching into strategies which they thought that it could really happen but its not and for those who do push through then
they do make out realizations when they are already facing the reality of losing too much money on pushing into something to work which it doesnt happen if you arent lucky enough.

Although it doesn't work on long run I don't know any better strategy that could be used to maximize the time a gambler spends playing games like dice. I've already tried an another one called Parlay too, but it was much worse than Martingale. I think when it comes to strategy gamblers don't have much to do besides playing Martingale variances.
The truth is that the goal of these strategies isn't to give the gamblers a guaranteed profit after a session of gambling, but to let them play for the longest time as possible without going bankrupt.

OP didn't disscuss about martingale actually if you really read what he wrote on here. This thread also has been almost 2 years old, so it's basically didn't worth to disscuss anymore. He just shared his thought about how the calculation from martingale strategy. Martingale indeed won't work in long run, but it's also can make you profit if you are lucky.

Martingale system is believing that the odds in your favor when in reality it isn't and you still ignore that fact because you believe that you are going to hit the win anytime soon, you just need to double down every time you lose. This is a strategy that is made by people that owns a gambling business.

The standard Martingale strategy links the previous and the next step in the game, but in fact they are not linked by any mathematical or probability characteristics. The probability that every time you flip a coin, the same side will come up is 1/2. Therefore it is impossible to exclude the possibility of n number of one side falling out. Since the player's bankroll is finite, he will lose sooner or later.

But Martingale is a strategy that quickly leads to a loss, to increase the game time, you just need to use money management, and regardless of the chosen strategy, your game time will be quite long.


I immediately drew attention to the date the topic was created and after that I read the discussion a little and as you understand, I was a little annoyed by raising this topic from the depths of the forum, so my post turned out to be so edgy.

It's a risky strategy and I don't use this for my bankroll management, it's teaching us to be greedy and there's no fixed strategy in gambling that could give us a consistent win, we have to adjust and I would still prefer very conservative bankroll management than this kind of approach.

most of the comments I read about this system are negative, so it should not be encouraged, especially to the newbies in gambling.

Only a newbie use this martingale strategy. It won't give you big win, but only small win with a higher risk of busted.
Let's say you have $100 bankroll, $0.1 starting bet, and use martingale. It only needs $0.1, $0.2, $0.4, $0.8, $1.6, $3.2, $6.4, $12.8, $25.6 -> nine times until you wager half of your balance. And all of these only to get +$0.1

Use reverse martingale instead, so if you get nine consecutive wins, you will get +$51.1 (not sure if my math is correct, but you should get the idea). You can also get out at five, six, seven, etc. consecutive wins.

This is a true statement. Quite often I used to try this strategy even after losing big, because at times it has helped in increasing the wallet balance. However the martingale is meant for gamblers who have the ability to spend unlimited fund on gambling. Even today lost all my month's bonus using this strategy.

I have also explained in several posts why martingale sucks. There is always someone who thinks they have found a good system, which after all is a variant of martingale. They are systems that do not work, as no strategy works against the casino, because they are EV-games. If you play casino games, do it to pass the time and knowing that the potential return is negative. If you then get lucky in the short term, that's what you get.

The Martingale game strategy works only in theory.

I read a detective novel about Russian detective Erast Fandorin.  One of the main characters in this novel is a top-class assassin.  In his spare time, he played in Swiss casinos using the Martingale gaming strategy.  This killer possessed incredible self-control and composure, so the use of this strategy always brought him a win. 

However, this only happens in fiction novels.  In practice, it is impossible to beat the casino. 

The most realistic strategy is playing on the side of the casino against another large and solvent player.  Because the casino always wins.

Martingale is a common strategy on where most people been using, not only into those noobs who do believe on it but also into older players as well.

Even myself is been using martingale when dicing or other games which this strategy can be applied.Thing here is that you shouldnt really expect about profits because
dealing with these type of games cant really ensure your profitability.

Strategy are only good for prolonging the game and not on winning the game and this you should have in mind.

The martingale strategy suck because in the end there is nothing they can win with this strategy in the long run. While many of us believe that all of those strategies are ultimately unprofitable within that time frame, martingale will probably be a strategy experienced gamblers will avoid. I ignored this strategy after I realized it wouldn't do me much good in the long run.

Using it in a longer timespan surely endangered your bankroll, knowing that HE is always against you, then losing streak are  unpredicted.

There are some experienced gamblers who understand the risk and still capable of working on it by simply alterring this system, those who are good in timing and capable to quit once they are already gained certain targets.

If you it that way, it's wise to move away or not to use it out, you can always build your own one that will make you more comfortable
playing around.

Some gamblers are saying "If I had an infinite bankroll, I'd be always winning with martingale", but in reality, even infinite bankroll wouldn't save you in the long run. All gambling sites and, I think, all land-based casinos have a limit on the max win. So, at one point your infinite bankroll can become useless because you won't be allowed to make that bet.

Infinite bankroll does only exist on dreams and not in reality and this is where people does set out that wrong mindset and when they make use of this strategy then most of the time they do bust out.
No matter how big  your bankroll is and when the time comes that long losing streak strikes then for sure those balance of yours would really be wiped out in an instant.
Martingale doesnt sucks because it is just only a strategy, it is only to the person who had been using which those having that false belief about easy
money with martingale.

^ Probably but the bad thing about people is that they interpret things wrong. Martingale's method or strategy was not created to win, it is not a hack that people expect it to be. This won’t make you the richest man alive in gambling. It is only a simple method that is being used by gamblers and that is basically it. It is only the way previous gamblers think, consequences and risk have been set up properly as well so I don’t think people will expect a return from doing it or not try it at all. This has been a cause for other people to go broke during the days so it means that it has to be used appropriately.

Martingale is not appropriated for this case. It's depends too much on probability. You can lose 1000 times in a row, and your bankroll will be empty so you can't continue. Good players trying to not depend on luck and probability, rather on skill and calculations. And they don't play dice or slots, yes. 

Even if you do make use of Dogecoin and having a base bet of 10 or whatever the minimum then i do believe that even hitting 20 or 30x losing streak would blown out your account.
Just like what other members been saying above that it isnt bad to make use of martingale if you do just know on when to stop when you are already in gain
because several lost will really be doubling and when you won then you do only get a small portion of profit and repeat the same process
but i dont see for it to be worth.

There's no way to win the entire game as in defeating it. We may win some with the use of it but that's not the end of it. There will be another rounds, there will be another days that we're going to play and it's acceptable based on our experiences that it's not always the lucky day for us with this and other strategies.

To hit x20-x30 you need to bet with probability of winning, i suppose, like 0.1 %. With such prob you will run out of your money much faster than will hit jackpot. Sad but true. 


And what will be if you will run out of your funds BEFORE you bet with success? Eh?


It's impossible to do. With martingale on a long term you will don't have any profit.

I think the majority of gamblers know that because of bad luck a losing streak can last longer than expected and their balance can be wiped out. But I'm talking about this feeling "if I had enough money for just 2 more bets, I would survive". They even try to borrow money for those 2 bets, in the chat or else(although borrowing money for putting it at risk right away is the worst thing you can do). This myth about the almighty power of infinite bankroll was created by such gamblers(I used to believe it too in the past). But because of the limit on the max profit, they can't bet infinitely, and I think it is very important to understand that martingale wouldn't work even with the infinite bankroll.

If one is looking for a way to mathematically lose everything on the long run, then the Martingale Strategy is the way to go. You are guaranteed that given any house edge, eventually, you will lose all your starting bankroll.
You may better be betting everything on a single bet rather than waiting 10 million times to end up loseing everything you have anyway.

The trouble with the martingale and probably the reason it has persisted so long, is it gives gamblers a "crutch" they can lean on to explain why they are losing. They are losing because they fail to understand the mathematical probabilities and that the outcome of the game is totally disassociated with any previous outcome. Believers of the martingale system can always hide behind the excuse "well you didn't bet big enough" because that is the complete end game in the luckiest of situations. If you randomly stringed together a bunch of wins to make a sizable amount and lost it all on the next bet, you simply don't have enough to double up again. It plays into many gamblers fallacies and it is in the interest of gambling institutions to propagate this myth, so beware of anyone selling this idea.

If we argue in complete isolation from reality - mathematically  ;D , then it is obvious that Martingale is a profitable strategy, but even with super-fast execution of bets, the profit relative to the used bankroll will be equal to zero and will always lose to other ways of earning, even such conservative ones as a bank deposit.

Clearly that's not what he meant.
Fatunad said "20 or 30x losing streak". In this case, losing streaks refers to the martingale strategy with about 50% chance of winning (or x2 multiplier).

Yep, my bad. But whatever, this doesn't change too much. 30x losing streak will empty your pocket as well as 1000x . Especially if we are talking about martingale, where mathematically we have a sum of geometric progression, with "q" as 2. If we starts from 1 dollar, 30x lost strikes will result in 1073741823 dollars lost. Nice?

So this doesn't make sense to talk about "oh, i will lose 30 bets and when with 50 % prob will get my money back"

Yes, I totally agree. Hence the title of this topic: "Why the martingale system sucks!"  ;)

Hehe. This is for real. The strategy itself will make those first timers to realize that it's really a way to lose everything they got. If they win for the first few tries then congratulations to them. But as said, if they continue and do it in the long run, they'll definitely lose entirely their bankroll.

Well, that is exactly what on my mind.
It has been said many times already, but martingale is only for those who have their gambling experience and expertise on the line. Martingale's method is effective when it comes to the efficiency of recovery, but never to newbies that only try to play and want to have fun. This method is only for those who stay or who can stay in gambling for a long period of time. Not for those who can’t even afford to have their bets put at higher risks. So the bottom line is, it sucks, and it's good depending on what type of gambler you are.

^ Probably but Martingale's strategy has been created not to become a winning strategy, that is true. This method does not apply anywhere and is depending on what situation you are currently in. It will only be effective when you knew that you are already losing often now and you want to recover quicker than you used to be. Most of the gamblers use this method not even knowing that this has a name. And this is effective if you have your bank secured. Nevertheless, I won’t recommend this if you only gamble for fun and trying out games.

It's funny, but many people (especially here) can't get this obvious fact.


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

1. What sense in such strategy if it's not about "winning"?
2. How mathematical probability depends on "what situation you're currently in"? If I'm in bad situation, then Martingale will better fit for me or not?  ;D
3. "recover quicker" but wasting all your money with Martingale? Martingale isn't working so I doubt that you can recover even small amount of funds with it.
4. Most gamblers don't use this method. So they no need to know how it called.
5. I won't recommend it in any case if you don't want just to waste all your money in few spins.

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

Out of curiosity in short!

People are highly reactive into some tips and rumors that a certain strategy does work in gambling and when they able to know then thats the time they would make use of it and some
or lets say majority of them get wrecked due to wrong believe and anticipation.

If someone does have that kind of control on when to take out profits then they are the ones who would mostly been end up on making out without busting their entire balance.

Truth to be told that theres no such strategy does exist on beating up these kind of games, they might work but doesnt guaranteed from time to time.

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

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

You lost once and you are going to double the bet amount if you are following the strategy then you may lose again since you didn't have luck with the first bet so probably the same goes with the second bet which means you are losing more than how much it supposed to be, so its a strategy may work mathematically but really sucks in the reality and there is no such thing called winning strategy.

Yes friend, I know about it. But my doubt is what strategy to use instead of martingale?

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

This has a very simple background: There is no strategy that is always successful in every situation. If there were, then there would be no more casinos because of course everyone uses the strategy and the casinos would be bankrupt in no time.

In the end, it always comes down to the fact that you can't beat the house (the so-called house edge). Some days you go home with profits, many others not. The more you play, the closer your win <-> loss ratio gets to the House Edge (which is eg. 1%).

Martingale works well in some situations, but only takes advantage of the effect that, for example, 7 blacks in a row is very unlikely (but still happens, of course).
Why 7? Imagine you are playing with a 5 dollar bet. If you were unlucky enough to get black 6 times in a row, but you bet on red, you would have to bet almost $60,000 on the 7th game to make up for the loss. You would need a huge stack to accomplish that ...

The Martingale technique is probably the most well known of these techniques. However as a word of caution we would say that you can go deeper before it takes effect in this strategy you are constantly placing the same bet if it is lost you place the same bet for each loss the size of the bet should be doubled eventually, you will even break the sooner you win the point you will recover all your lost points. Betting outside can give you better results when your pockets feel thinner once you have replenished your stocks you can start branching out in risky ways.

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

Martingale gives an illusion after a loss that you should win the next bet but the reality is that every bet has the same chance of winning 50% and losing 50% (not considering house edge here) so you despite losing 10 bets cannot feel comfortable rolling the dice 11th time because it can again be lost and in fact has an equal chance in contrast to winning.

It is not a bad strategy either if you are trying to recover from a small loss. Imagine you deposit 0.05BTC and lost some 0.001 then you can easily set the base bet of 0.00001BTC and cover your loss with minimal luck involved. It becomes a problem if you are trying to chase a big loss because it might not work and you will then have an even bigger loss to look at.

Yes, that can be it. When they're curious with a strategy, they want to try it on their own and see what others saying is true or not. But not everyone executes it pretty well.
Because many of those people who tries it out are also sharing the same experience those who have tried it yet it's not effective.

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

I call it 'stretch' where the martingale strategy sucks out every inch of your balance and stretches the bets till the complete bankroll busts. I don't like martingale as, because of this strategy, I have lost many btc in the past and the number exceeds 20.  :'(
I was a huge fan of dice games and played at 999dice where I won 20 btc with a bot I applied there. I also withdrew it because btc price was peanuts then, but today I regret that I lost 20 btc at Primedice following this martingale with my base bet of just 100 satoshis.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

What you said won't be applicable all the time. Can you assure of the strategy that you've developed after long study will get you cent percent win on your bets. This isn't possible, and thats the reason I state gambling is all about luck.
Knowledge and skills can be applied on sportsbet, apart from that what is the game in which knowledge and skills play its role.

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

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

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

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

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

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

Depending on the situation. If I am confident with the bank roll I am having, I would probably use martingale than betting random moves  :P Of course, luck is a big factor in playing gambling, But using strategy gives me a bit of assurance or confidence to push through a bet rather than playing on random bets.

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

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

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

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

With martingale strategy there is limit on spending, so at the end however thi is gonna be a loss. As said in the post, people who know the right time to stop will be benefitting. Here it has got very low success rate, but there are successful people out of this strategy winning consecutive rolls.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

I've done that experiment before using dice games and sports betting as the reference and it does not end well as I lose money on both, but the only difference is that my bankroll got easily busted in dice than in sports betting because the result in dice is instant and in sports betting you can still watch and game and waste some time since you'll just lose your money in the end.

You have a better chance to win in sports betting than dice and other similar games like slot, the house edge has a factor on these games compare to sports betting where you have a good chance to win by analyzing the game, I have a friend whop wants to make money in gambling and he shifted from playing dice to betting in sports betting and so far he is doing good.

Sports betting can be more successful than dice gambling, but generalizing it like that is wrong. It's impossible to say someone will be more successful at sports betting than dice gambling.
Sports betting requires expertise, dedication, and knowledge in order to be able to gamble successfully. Otherwise, it all comes down to mere luck just like with dice gambling.

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

You've compared a game of luck/probability to a game that needs analysis but still with a need of luck because you'll also hope that the team or person you bet must win. But it is true that your chance of winning in sports betting is higher than in those games of luck.
I've also some friends who are doing well in sports betting and they keep on sharing their wins including their losses. And their stats are incredible.

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

There are always people who are concerned with making money rather than entertainment when playing gambling. Because some people still believe
that gambling is an activity that can provide profits in a short time. It's people like that who end up making gambling look bad, but not all gamblers
are like that. So a forum like this is needed that can educate many people, that it is very dangerous to make gambling as a source of income.
Playing gambling should only be for entertainment, that's what many people need to know, especially for newbies who are just starting to
play online gambling.

It's the reason why we gamble in the first place. Its about earning money through the games we play which we come up with a strategy like this martingale.

Sports is a good way to gamble for there are somehow safe bets. It's not a common idea because there are betting odds but I wonder if there are people who use Martingale in sports like if he loses money from one match last week then doubling the amount he bet the next match?

Sports betting is good if you have the time but people gamble because of the urgency to satisfy their feelings, I'm not into sports betting but I play dice anytime and wats to know if I can make money right away on sports bettings sometimes you'll have to wait for hours and days to get the results, sports bettings is for those who want to make money while games like dice are for the gambler who wants quick results.

Usually people who use the Martingale strategy to pursue losses that have been experienced, and hopes to make up for the loss by doubling
the amount of the bet. But the fact is that many people end up losing all their money, because they use the Martingale strategy. At least I lost
thousands of dollars because I used the martingale strategy, and I have to admit that learning to gamble had to be the hard way. No exception
with sports betting, quite a lot of people use the martingale strategy. After the bet on the first match is lost, in the next match will double the bet,
until finally the capital owned runs out. If anyone succeeds in using the martingale strategy, it is only because that person is lucky. But if used
in the long term it will eventually lose too.

It depends on your game and interest, if you love sports betting then it will certainly give you satisfaction. The good thing with sports betting is you can verify it by watching the game and it will give more entertainment which will make you also more confident on the amount you'll stake.

Regardless of the game, bankroll management is very important.

If you are using a martingale strategy, then it should not give you a problem if you just follow the rule which is to gamble what you can afford to lose only. As a responsible gambler we should know that and since we have our personal interest, no one can judge us that what we are doing is not gonna made us win.

The worst thing that happens with the martingale is that, especially if you start with a large bankroll, you create that false perception of security that the OP talks about and that is nothing but the psychological mechanism that then leads one to lose everything he has.
So, once and for all, absolutely avoid the martingale as a strategy.

IMO the martingale strategy sacks because it's not for players on a budget and it never works and if the casino  has set a limit on total amount that can be wagered in a single round , this strategy isn't any good.


If you apply this on sports betting you are likely to chase your losses,  because if you are to win consistently then it has to be the smaller odds and secondly these don't always win  :P.
Everything pretty much points at having luck on your side and not strategies.

Avoid it if you don't have the discipline, but the fact that you have a huge bankroll should mean you are also ready to lose your entire bankroll when you get a cold streak, well, it could happen in gambling so be realistic with that.

This kind of bankroll management is very risky, it's a high-risk strategy that could make us stop as soon as it consumes our entire bankroll.

Actually, I also got busted many times in the past using this strategy, but I'm still using it but not completely the martingale method.

Basically every system in the Roulette scene is loss making. it may go well for a while, but sooner or later it goes wrong. And then things go wrong. The martingale system has already been tested and tried by many people. The biggest problems people often encounter are the limits. If it hits red 10 times in a row, then you have a serious problem. And if you then calculate how much money you have to bet the 11th time to win it back. The idea behind the system is good, but in the long run the house always wins. You should see that more as entertainment entertainment.

ya.ya.yo!

Been using up several type of martingale system and im really a fan on finding out on how a certain strategy do make out some ways on how to make profits.

Double on loss is something way more riskier rather than on simply make out 2x  multiplier bets and you can really tell the differences between strategies until you
do realized that nothing do works for long term.

Thing here is that you do know on how to accept the reality and don't force out that there is really a working strategy because nothing could really works on
gambling field. Everything would really be mattering on chances.

While it is true that you can use your knowledge about a particular sport to increase your chances of winning at the same time you need to understand that the house edge of each match can be different so if you like to bet on markets that are not really popular the house edge is going to be higher than what you find in the game of dice and this means that you could lose your money even faster in terms of the number of bets that you make than in the game of dice.

Some gamblers who used that strategy said that it works for them but it's a fact that the majority who tried it can say that it's not an ideal strategy for us.
But for some, it works for them, they're on the budget and it's true that you need a certain amount of bigger budget for committing this strategy.

It can be bad if you have a small bankroll and high base bet! With martingale, it's all about bankroll/base bet ratio! Now, most casinos offer very low minimum bet, so even with 10-20 dollars you can play some strategy and make some profit! But if you wish to be safe that profit will be small! With the lower base bet, you can be safer, but that also means a lower profit!
And people who like dices should check casinos with more settings for auto betting! It's hard to create and run a good strategy with just a few settings for auto betting!!

as it's not for a long run strategy it really don't usually works like that, did this many times when I was still playing dice games,I also told everybody it worked for me and having many funds is the key still I didn't enjoy doing that after sometime, that's one of the reason why I switched on playing slots as it also never gave me a better winning unlike what slots have gave me this past months,...

While I do agree with some points that you raised, I do think that the Martingale system works for some people but its main purpose is not for profit, but for the realization of a quick recovery from losses.

Realistically speaking, the Martingale system requires a huge amount of capital in order to at least work because it will definitely eat a chunk of your money due to its exponential growth bet per bet. However, what separates this system from other systems is that the recovery that you made after a losing streak can be gained after a single bet. Some people use this system as a 'hail mary' kind of shot where this will be their last resort.

This makes no sense.

Sure, with one bet you could recover your streak of losses, but how did you end up in this predicament in the first place? It was through the martingale system, and doubling down on each of your previous losses.

Your EV is precisely the same whether or not you play through the martingale system. Your chances of recovering from a loss does not change whatsoever. The speed at which you do so does not change either.

The Martingale strategy is not meant to be used long term. Now many people have misunderstood that there really isn't a really reliable strategy
when playing gambling. If anyone succeeds in using the Martingale strategy, they should immediately stop playing gambling right away.
Because if we continue, we will suffer losses in the end, we can even lose all the money we have. And using a large amount of capital when using
the Martingale strategy does not guarantee success. I say that because I experienced it myself, I have tried the martingale strategy in several
gambling games and it ended badly. So some people who have been successful using that martingale strategy are just lucky to stop at the right time,
if continued in the long term will eventually lose too.

I'm quite surprised to learn that the martingale strategy is also used in sports betting. I have never done that before, it's usually just for dice that I tried doing it. And do you consider the bettings odds, how do you calculate that for the strategy?

It's always going to be luck combined with strategy if you have one. Martingale is actually a calculated strategy, it works for some and it doesn't for others.

I'm actually also quite curious about this. Sports betting often changes odds depending on who the team is against so it isn't really that easy to actually do the martingale strategy, since the amount of money that is lost and won would differ by game. Also, I'd really say that Martingale isn't a strategy that works for some and doesn't for others, the only factor here that really affects whether the strategy works is if you have a big enough bankroll. It always works, that's guaranteed, theoretically anyway. It just differs from person to person due to the circumstances they started the strategy with.

The idea is the same.

If you are betting on a game where your potential profit is 100%, you double your wager next time if you lose.

Let's say it is a football game.

Team A's win pays x1.2
Draw pays x3
Team B's win pays x2

If you bet on Team B and lose, next time you find another game that pays the same amount but double your wager till you win.

I can't say it is a brilliant strategy though.

I've seen somewhere about that making some automatic bets with a good amount of bankroll. But the usual guy like me, it wouldn't work actually.
But I know that some guys who have understood and made the experience worth it, they really can work on it. Not as effective as others but somehow they can make profit it depending on the experience.

It's not about a good amount of bankroll, it's about making a good strategy for your bankroll, with an adequate base bet! So these guys I know, and I can call them professionals... they have VPS's, they run strategies 24/7! Can you imagine a strategy that works for the whole month?! They change strategy from time to time, but they never stop milking! Yea, they call it like that, milking coins... usually low-value coins, and when you think it's like mining!
It's hard to start something, it's even harder when you are short on money... but I strongly believe that with patience and dedication you can build your bankroll over time!

The hardest thing to do when you are using martingale is bankroll, you cannot do it with a small amount, you should be ready to lose in a small bankroll you are lucky if you profit with a small amount, I never do martingale if I can only reach 10 succeedings loses it should be above ten, or you will be wiped out but if you want to have fun and take a chance then it's good to try it.

Do you really think that there is just a blind structure and nice name behind the casino games? There is the mathematics behind everything. You really play with luck against the casino, not with your high bankroll.

Anyone can download MyDiceBot and test martingale or any other strategy with unlimited bankroll and bets. But you guys forgot one thing, 1% house edge is here and it's not going to run away. Mathematically, you can't beat the house edge. You can only win with fortune.

That's crazy to know that these professionals really are running something that I didn't know. That's good to know that there really are folks that have been making crazy moves like that.
It's like whenever the strategy they had didn't work, they'll just turn for the next one that they have and like rinse and repeat strategy whichever works for them.

Really hard to believe with those pro words in gambling or simply talks about strategy since using martingale wont really be giving out any guarantees that you would win even if you do let the VPS running and leave it right there because in martingale theres no such thing about infinite bankroll.

Only a few could make money out of martingale and only into those people who do get out when they are already in profits.

Always put up in mind that this strategy will surely wipe out your balance if a nasty losing streak would hit out.

No strategy that would guarantee you a win, gambling sites would easily adjust based on our fixed strategy, so as they adjust, we also have to change our strategy. The Martingale system is an old system, it's still currently used but this is the riskiest strategy and would make gamblers with a lack of experience before very greedy until they regret in the end.

That's for real, gambling site knows how to adjust, there's no way that the system won't  detect any working strategy,

better to make sure that you know how to stop when there's already some decent profits from the strategy that you are working.


Still in use from those who believes that doubling your bets each tie you lose can fasten the recovery of your loss, unknowingly that the numbers of

losing streak is also unknown, not unless you have unlimited bankroll, that's the only thing that it will work surely.

We can always stop but that doesn't mean we will not come back anymore to gamble.
It's normal for gamblers to come back when he wins or even if he loses, that's why the reality still exist that we will lose in the long run.



Unlimited bankroll would still not work, as mentioned above, the gambling site will adjust so limiting your bet is their way to battle your unlimited bankroll.

Those that argue that it works most likely did not use martingale long enough, people use martingale thinking that since the chances they are going to lose so many times in a row are so low that it is never going to happen, but that is not how probabilities work, the more you do something the more likely it becomes regardless of the chances this event has of happening, which means that sooner or later you are bound to lose that many times in a row and lose all your capital.

What is betting for if not to make a profit? It certainly isn't the pleasure of losing and it seems a bit naive to claim otherwise. Only a gambler who has lost control of all sense and reason (or maybe never had it in the first place) would see chasing losses with ever increasing amounts as a viable strategy. Due to the very nature of gambling you could easily string together many losses, but it becomes increasingly more unlikely that you will be able to keep doubling your bet before you reach an eventual win. Just like in stock market terms when discussing short selling or other leveraged contracts - "the market can stay irrational longer than you can stay solvent" is pretty much an identical case. There are also limits on the size of the bet that a casino/bookmaker would be willing to accept which would cripple the whole thing at the top level of play. What if you lose a $1 million bet and the house won't accept a $2 million bet for any number of reasons?

Exactly and those people are just fore telling that it works but actually doesnt have the real experience on using it at all because if you do really make use of this strategy then you would surely tell that this one doesnt work unless if you do get out in profits but due to greed then you would really be asking for more and letting that auto run feature to last to run even more until you do saw your balance had blown away when a streak do happens.
Its not bad to make use of this strategy but for the sake of earning income or profits then better change up your mindset because this one wont
meet out the criteria.

Well, can't argue with them if the experience is authentic but it's up for them to decide. If they really think that it's very well working for them then they have to make it work for them because as they say, it works for them.
I'm good with myself and don't want to try it even if they say that it's working for them. There might be some instances that they've actually lost a lot.

The problem with personal experiences is that there is a lot of bias, if another member says that it has worked for them I believe them in the sense that I do not think they have suffered catastrophic losses yet, but the math is clear, martingale has been disproved mathematically over and over again as a technique that works as it does not change at all the probabilities of the game, taking this into account the only reasonable explanation for those that argue that it works is that they have simply not used the strategy long enough.

Not greedy enough to suffer the long losing streak, those who got good balance maintaining their time of playing,

Just like what you have said, there's no correct answer always in between. even if there's someone who claimed that the strategy works for them, it doesn't convinced those who suffered big losses, and coming from majorities this system always bring heavy losses to the gamblers who lean on using this system.

Not really that believing much into those persons who do tell that martingale does work for them.They might able to pull out in the right time but for sure
majority of them does know that martingale strategy do sucks and does really generate more losses than wins and they cant really just accept the truth and trying out to be good looking into other gamblers eyes that it does work for them but the truth is that it doesnt really work.It is really varying on how you would really be handling out yourself on using strategies because theres no such thing on this world that gives out guarantee and that should be always be put up on someones mind so that they wont really be that expecting much.

The problem with personal experiences is that people like to show their strengths and hide their weaknesses, which is why they will brag about winning and keep quiet about losing.
That is simply human nature, we like to display our strengths while hiding our weaknesses.

I would like to know from gamblers what they do instead of doubling the bet on loss, since martingale is so horrible. If you don't raise your bet after a loss, you are never going to make any profit from gambling. That is my perception on this matter. For this reason people use martingale, because they want to have a chance to make profit at least on short run.

If there were better ways to gamble, would martingale be so popular?

Doubling your bet to recover your losses sometimes works, but it should not be a martingale strategy as you'll not gonna stop betting if until you win or you lose your entire bankroll. Doubling your bet is best applied in games like sports betting, you can see the situation, especially in big games, so you'll never gonna have a long losing streak.

The formula here is simple, don't bet blindly but applied the right bankroll management, doubling your bet, don't use the complete martingale strategy.

It's popular because many are aware of the strategy but after trying it, everyone has their own story how it helped them and as well gave them a lot of losses.
That's not the only strategy to recover your losses. Like if you loss for the day, you can gamble again tomorrow and recover gradually or just forget about your past losses and focus on the new wins that shall come.

Does it mean a half-martingale strategy is the best method to gamble? So you still double your bet on loss, but don't go by the end of your bankroll, always preserving some money in your balance, being possible to come back to play again after some time to recover that initial loss or at least decrease the loss the maximum as possible, through sports betting, for an example.

The Martingale system is one of the best tricks when playing dice...

but this trick will only be effective if you have a large capital, if not then don't try this trick too much. although this trick is not suitable for me, I have practiced this trick and I managed to get out of losing. btw, this is a legendary trick that is often used by dice gamblers.

I would not agree with you on that, a trick is only called a trick if it's working, but Martingale will not work in the long run as you don't only need a large capital to make it work, but an unlimited capital which we know is impossible and it's also impossible that betting sites would allow you to exploit them.

The trick here is just to enjoy the game, especially with dice games, you might lose but you'll still become a winner because you are entertained.

I have seen crazy streaks in roulette of one color showing up more than 10 times in a row. It is insane, but from a statistical point of view absolutely possible. The OP explained very well how the mathematics work against you if you look at it from the opposite perspective. How many games do you have to apply the method such that your chance to lose is almost 100%, and there you have it. I admit when I was young and started playing a bit I also tried that out and I learned my lesson with cents, which was good for me. I started with a cent, and then two, and then four, and I was shocked how quickly that escalated to my disadvantage. I always thought the casinos were rigged and then did my research accordingly, and the result was exactly what OP explained. For those who don't want to trust in their belief, just trust in maths!

It doesn't mean that whether it's full or half, it's the best method but in reality for some it is the best. But, for many of us it isn't the best. There's no such as best method because it's just our way how we're going to manage our bankrollls as we gamble.
If we're good at it then you may say that it's the best method and strategy.

10 times in a row is not crazy streak lol  ;) This is a common sequence that you see almost every time you play and place a large number of bets. The real madness is when you play dice (<> 49.5%) and get 40 losing bets in a row. It happened to me, but I tested different strategies and made a huge number of bets, and to see such a sequence, perhaps several hundred thousand bets were made.

25 losses in a row at 49.5, I guess make it to the world record series! That was my worst result ever with martingale and I thank God I was using play money on crypto-games only to have som fun to test a variation in the strategy (when switching low/high, what to do after 5 reds in a row etc.)
Never underestimate the power of randomness, it will always and I mean, always, surprise you. Mostly for the bad, almost never for the good.

In theory it could work, however many people forget that a roulette table has no memory and so you could in fact take black or red, or even/odd, randomly every time. A ball can go wrong 10 times in a row, then you have to bet a lot in round 11 to win it back. That's really not logical at all. 25 losses in a row, it could be possible, that is about 25 losses losing a coin toss, yeah hard bad luck

So, you say that there is a guy that comes with 100 bitcoin, starts with the lowest amount and doubles on every loss. Finally, because of his high budget, he is able to take the wins and have a nice day at Ibiza during the whole summer. Cmon, if someone wins, that's because of luck! You can't beat mathematics with your budget, 1% house edge means that you have a disadvantage and in long term, the casino is guaranteed to profit!

And who said that you should profit from gambling? Every casino warns you to play for fun, not for profit. If you want to profit, then go work, do something.
Why is martingale popular? It's the simplest strategy that comes close to the humans minds. People think: When I lose, the chance of win next time increases, so let's double and get the loss back + some profit. Simple and easy, right?

Not even close to record  :D
In terms of mathematics, in order to get such a series, you should do on average 2^(25+1) - 2 = 67108862 bets.
I calculated the probability for my streak (40) and it turned out that in order to get it I had to make more than 2 trillion bets  ;D

Another reason why they are not yet experiencing this is, they have a big wager that can cover a long roll and they know when to stop, the worse thing is to get caught by the house edge, you could be lucky when you are starting out because the house edge id not caught you yet but when they do even if you can cover 20 rolls you will eventually lose.

It is hard to profit from gambling because all of that will depend on luck and the skills that we have. People are playing gambling using the easiest thing or strategy that is no need many things to prepare. Most people who gamble do not want to learn too many details. If you are reason to play gambling because you enjoy the game, you do not have to raise the bet just to chase the win, but you only click the roll button and let the number show.

Yes yes I concur with you absolutely! I just wanted to demonstrate that for someone who has no experience or is reluctant to accept maths or too dumb to understand it, a streak of 10 in a row of something seems so out of reach for them that they are the ones going to lose exactly because the think the martingale system MUST BE bullet proof. :D

I've never played dice a lot, but I feel you, trust me! :D These nights at the poker table and so on. I'm surprised I have never smashed a keyboard. I must be a calm guy! Haha!

As I've said for others, they're saying that it works for them but not for me and for you and for the others too. I agree that the casino in the long term will always be the winner.
That's why house edge has been set and even it's just 1%, that's already a huge thing to profit with by the casino.

Path of least resistance this is known as, its the average determiner for many things especially outcomes and probability analysis.  The only way really to beat the odds is to do the hard work or take the long road in method to achieve a result thats not expected ie. a win for the operator is the usual outcome to expect normally.

Martingale is popular for its simplicity to comprehend, pass on as an urban legend and also execution is quite simple.   If we have a quite effective method its not likely absolute in its logic but a series of wins and losses that gives a net result that is a possible profit.   Its very hard to beat a house advantage, the best chance is vs other players in some shape or form and just know the game better.  Obviously there is poker for a direct game or sports betting is a bit more indirect and probably a few other games, I recommend all of those choices vs another attempt to make this 'system' work.

Even if it's smaller than that if gamblers will keeps on playing using this system end results will still favor the house, not unless gamer knows how to work with both emotions and time,

You need to know if your own system will work in times that you are working with martingale,  chances of losing when you disregard setting up both your money and your spend time is high, leading you to miscalculates your chances and ended you up burning up your
bankroll.

The Martingale gaming system cannot guarantee the player a win. 

Yes, in many casinos the use of this system is limited.  Therefore, many believe that the martingale gambling system is very effective.  In fact, this is not the case.  The casino provides itself with insurance in advance against all troubles.  The casino has essentially an unlimited supply of money. 

The player plays with real money.  The casino only promises to pay out the winnings. 

This is the fundamental difference.

Correct, and we only need to take a look at social media to see this is the truth, most people are going to post things about their life but most of it is going to be positive as they want to project a positive image over their life, occasionally they crack down and let their real selves to show up but this is rare, the problem with this is that people begin to deceive themselves thinking that in fact there is nothing wrong with their lives and the same kind of logic applies here as well.

They only do that for the sake of views, a lot of people are interested in this strategy and they would not watch if this strategy is not working. Everything that we saw in social media, especially on youtube could be biased, remember that the main intention of the uploader is just to increase his views to make more money. Maybe we just need to experience it ourselves so we can tell based on our real experience, but I'm sure this would not work to anyone.

Correct at some point.

There are even agreements between sites and streamers as it can introduce the site to a large audience - which is the purpose of the influencers. The audience wants that kind of video reference since they like to see first how's the experience of playing on the site before they will play.

And the fact that these influencers make a video for it, the audience will think of it as a good website.

Influencers always takes the benefits, either way they can make money. Some websites pays for advertisements and that's the intentions from the influencers, taking advantage of that opportunities sucking money out from the house. They create video to bring audience to the site and like what mirakal said some are bias and most of the time they've won a lot and showing the luxuries of taking decent profits.


You need to carefully assess each gambling sites, or even the strategy those influencers shared if you want to avoid busting all your bankroll. Strategy like martingale or enhance martingale are present when video was created, be wise or else, it cause you a lot losing money from following those influencers.

Those who are using the strategy might be aware of it and they're going to stop if it no longer works for them. They know how to deal with it and if they keep on losing, they'll stop.
I'm one of those that have tried it with few times but stop quickly because I've already concluded that this strategy won't work for me even in short or long time. But for the others who keep on using it, they probably can control things under the heat.

The belief in the system is that when you do it, you basically win back all your losses from previous matches so you are basically trying to gamble by just breaking even. That's what I don't get in this system, besides doubling down on losses, you only have one way in this system and that is as I have said, breakeven.

But this is my issue, it is not necessary to go through personal experiences in order to find out that martingale does not work, in fact you only need a spreadsheet software and a few formulas and you can see by yourself that martingale does not work, you could run a simulation for as long as you need and you will see that in every single scenario your money will run out and reach zero, but since many people do not understand the math they prefer to follow the personal experiences of others or their own generating disastrous results.

The system is not created for you to break even, you started an exact amount then double it if you lose until you win, that's the only process you have to do and you don't use any kind of system as the system itself is very simple to follow. However, is it effective? the answer is yes if you have an unlimited bankroll.

But unlimited bankroll does only exist on dreams and not on real life.No matter how rich you are you would easily get wiped out when using up martingale.
This is why its never been suggested on relying with this kind of strategy because the more losing streak you would have the more deeper losses you would make and that wont really be sustainable as long the game would run plus imagine about doubling losses everytime then having a long streak will surely
blow up your account and this is why this strategy sucks but if you do know how to control yourself on getting out when you are in greens then that would
be a good news.

Everyone (should) plays aware about the risks, but it doesn't mean we play to lose. We play knowing we may lose, but always trying to increase maximum as possible the probabilities of earning some profit and that is why strategies were developed and adopted. Although they don't assure profit on long run, they increase the chance you are going to profit on short run, and that is what we expect when gambling, isn't it?

That is true, however it's not the main point here.
People are complaining about Martingale and I just would like to know what strategy they use since Martingale doesn't fit their gameplay style.

Why do you think that you need to have an unlimited bankroll? With auto betting settings you can make miracles... you can simply play first rolls at 1 satoshi bet, and only after a "certain number of losses" you start rising bets! In this case, you need to use "add amount", not "increase amount"...
You can play to wager, you can play to make a nice profit! But what's important is that you need to find a perfect base bet for your bankroll, and not be greedy with your goals! And it can be effective, just if you stick to that!

Could you please put some more light on this? Do you mean that you need to stick within 1 satoshi bet for some times before increasing the bet amount? How do you come to know the exact number of "certain number of losses".

For example, if you stick with 1 satoshi bet for 5 rolls, and your 4th roll is positive then you may not get chances to recover your previous losses.

Martingale strategy is all about "immediate recovery of losses before going for another round of betting". It means if your 3rd bet is a negative then you need to go for recovering it from your 4th bet onward until you find a positive roll. So, immediately doubling your base bet from the next roll onward alone will serve the purpose of going for martingale strategy. Keep sticking with same bet amount is definitely not a martingale strategy.

If you stick with 1 sat bet for 99 rolls at x100 payout (win chance 0.99%) you will be positive even if you hit it in the last roll! So how do you come to know the exact number of losses is simple, you set the payout (win chance) and you know what you can expect.... max red streak, after how many streaks you rise bet, and how much you raise/add to bet!
To make it simple let's take x2 payout (win chance 49.5%)... I saw 33 reds, some people talk about even longer red steaks... but that happens rarely, it's usually between 5-20 reds!
So it goes like this... for base bet 1 sat at x2:

-On every streak of 15 losses add to amount 100 sat
-On every streak of 16 losses add to amount 200 sat
-On every streak of 17 losses add to amount 300 sat
...

You can have fun with all this, depending on the payout you choose and your bankroll you can set up your own strategy! As you see from this example, the first 15 bets are 15 sats cost, but your 16 bet is bringing the profit, and depending on your bankroll/base bet/payout you can create a strategy for any losing streak...

You can go with:

-On every streak of 15 increase amount by 1000%
-On every streak of 16 increase amount by 100%
-On every streak of 17 increase amount by 100%

For x 2 it's easy to cover 40 reds if you play with a bunch of "whole coins"... TRX, DOGE, XRP... you can even wait for 20 reds and only then to start rising bets! It's up to you and how risky you want to play it! More risk = higher possible profit, less risk = lower possible profit!

Well, I hope you get the point! :)

This is a misunderstanding of the Martingale strategy and it just misleads those who try to use this strategy. Mathematically speaking, when you increase your bet there is no retracement, you only increase your risk. Given the fact that your bets sometimes win and you return to the original bet (with a small profit), it seems to you that you are winning by changing the size of the bet, but in reality you are making a small profit only by increasing the risk.

That's the reality, doubling every loses is a big risk, some might not see it because they don't believe that they'll lose 10 in a row, which in actual practice using the martingale strategy, that would already result to a huge loses even if you only have a $10 starting bet.

There is no such thing as a guaranteed always-winning strategy. If such a strategy existed, then any provably fair casino would go bankrupt. We can use different strategies to increase our odds, but sooner or later the house always wins. It's just math.

The Labouchere strategy is also popular. It's a bit more complex than the Martingale and Fibonacci strategies and is also known as the cancelation or split martingale.

If gamblers have that kind of mindset, then they will not fool themselves into believing that one day they'll find a strategy that could constantly bring them a profit. The only newbie would fall for that martingale strategy as they don't fully understand the risk until they fully experience getting their bankroll busted many times.


I'm not familiar with this one, I think I'll take a look about this strategy.

You have a good description of the Labouchere strategy on the wiki:
https://en.wikipedia.org/wiki/Labouch%C3%A8re_system
and also on the official website of Seuntjie's DiceBot:
https://bot.seuntjie.com/BettingSystem.aspx?id=2

As I mentioned, the strategy is a bit more complicated, so using a bot is preferred, but it can also be done manually with a little help of a pen and paper.

Not just 10 many times it happened that gamblers lose more than 20x using this strategy.

There's no system or proven system that really works in the long run, either you are lucky or you understand the game well and quit when you already have decent profits. Other than that mostly the end outcome turned against you, losing your entire bankroll by trying to win huge amount of money.

I like watching videos of people playing dice using the martingale strategy and the potential for return on investment is very large if the player has a lot of capital
the martingale system is the most effective when playing dice, nothing else because it's a trick anyone can do

$ 10 is a huge starting bet for the Martingale strategy. Even a streak of 5 losses makes you bet $ 320! At the same time, the potential gain does not increase and leaves 10 dollars as before. A strategy with minimal winnings and exponentially increasing risk initially looks repulsive.

Mathematically the martingale strategy looks working but in reality people are burning their money much faster than how they are going to be, and they should always remember that risking money in the gambling doesn't guarantee any returns like investment so neber treat the gambling as investment that is why we call it as gambling, lets our luck decides everything while simply enjoy the adrenaline.

Would really like burning if you are really aiming for long term on using this strategy because it is never really meant for making profit in the first place.
Martingale is just good for prolonging the game a bit more but not really intended for making money but people does really have that common impression
where they do seek more for more strategy that they do believe that they can make money which is really a very wrong mindset to have.
Enjoy the game no matter what strategy you've been using since this had been the primary motive on why gambling created on the first place.

It's a delusion. Martingale speeds up the game (brings the loss of the entire depot closer), since very quickly you are forced to risk your entire deposit. Compare Martingale and just single bets - you will see that with 1000 minimum bets you will lose the entire deposit faster using Martingale than if you made these bets separately.

That's definitely right, it's just a delusion as there's really no study (legit study) that says martingale system is a working strategy. In fact, some casinos just put that system integrated because they know bettors like it and they also know it is always in their favor.

It's the opposite, martingale will have our session a bit shortcut to losing. A 5X continuous losing streak is already crucial.

Martingale is not actually a strategy for me but more on the betting type. I honestly do that kind of betting but not to the point I will think of it as increasing my winning chance. It's just that sometimes, when I feel luck is just around the corner, why not try to risks some doing that kind of bet.

I agree only whales with a huge bankroll will start at $10 even a $1 can be considered a big amount I usually start with cents and patiently waited for my lucky rolls, a variation of martingale and picking the best time to bet big will give you a good percentage than doing straight martingale.

This is a very correct observation! Almost all casinos where, for example, there are dice provide an internal interface that allows you to automate gambling - in fact, this is intended for the player to choose one of the Martingale types and watch how his deposit decreases  :D

And even if a player appeared that had more money than the casino itself the casinos have put in place limits to how much money you can use on each bet, which means that if you double your bet each time you lose even if you begin with a bet as small as one satoshi, supposing that you can make a bet that low, eventually you are going to lose enough times to reach that limit guaranteeing that you will lose money with this strategy no matter what you do.

That's the big thing some people missed, they thought they can just use their method without limitation but there is, we are just gambling, we don't create the rules, and that's a disadvantage to us as even if we have unlimited funds, we will never win against a casino who always have the edge over us. They are in business, they would be out of business if they will not protect their interest, that's the simple logic.

Which by the way they are within their rights to do so, some see casinos having an edge over the player as something unfair but they do not understand that every single business gives themselves an edge, after all if you buy a car do you really think that car had the same cost that you are paying? Of course not, the car was cheaper to produce but the seller needs to charge more because they need to obtain profits, compared to that the gambling industry has probably the lowest margins of profits on their favor, so we need to appreciate it and gamble only for fun instead of trying to obtain profits from the activity.

Precisely this.

Given a finite bankroll and infinite events, you are guaranteed to be bankrupt as a matter of time. There is no scenario in which your bankroll will survive playing a negative EV game thousands of times.

You're much better off from a time and electricity perspective to just enjoy yourself and YOLO your balance in a few manual bets. Running a martingale strategy or a variant of the martingale strategy on a paid dicebot simply doesn't make sense - you're wiping away the variance that could make you money in the short term, whilst paying more subscription fees on top of the -EV you're dealing with.

Or the users, if they really want to use martingale, then be brave enough to put some decent amount.

After a winning for let's say on the 4th or 5th bet after the losing streak, don't get too excited or be carried away and just get out and called it done for that day.

Come back tomorrow with the same betting style and repeat the process. At least, it's not a one-day busted as the bankroll is properly managed. Just pray that luck will always come to them.

Yea because it'll become a multi-day bust for your bankroll ;D. No kidding though, the only way you'd actually win with martingale if is you stop using it. Martingale isn't a strategy to profit, it's a strategy to even out your losses, meaning to play without losing anything, nothing more, nothing else. Even a decent amount of bankroll would still kill itself given a matter of time. In the end, if you're going to pray for luck, do it big in a way that you'd actually get something. If you're gonna lose it, might as well go for the chance that would let you win, and not one that would let you get nothing (or lose actually)

i do martingale for waggering because it can gain what i lose earlier but its hard if you play for profit using martingale  . if we want to profit we can bet the normal way  .
when it comes to managing our bankroll , we can do it with or without martingale but all we only need is self control . set aside some balance to play and after you lose it or win it , stop and come back again next time .

Whatever strategy is used for the purpose of winning, it may never be suitable for use in the long run. The Martingale is one of the most popular strategies among many other gambling strategies. I use that strategy most of the time in dice games, but I can never get out of the bet with a win. Quitting after winning, quitting after losing limit is reached and coming back tomorrow is a great way to control gambling and money.

Everyone wants to win bet and not a few of them continue to chase victory even though they have lost many times. When gambling has become a place to make money, then that's when problems will come for gamblers. It might be easy to say that I can control it, but the truth is it's not at all as easy as it sounds.

This is the reason to conquer by making use of martingale strategy, we must need unlimited bankroll or a bankroll which is bigger than gambling house's ;D ;D. All jokes apart, when you have a plan of resuming on the next day then probably you will never have a control on your gambling. I mean that you may gamble on next days but that should not be a planned one after a loss. Start a day afresh and with limited bankroll and then forget it for some days and finally resume after a long gap or forget completely by gagging in life's other priorities.

No, I've never done that for over $100 and I wouldn't recommend anyone to it even if they had $100K. It's too crazy for anyone to actually want to win all the balance on a gambling site's bankroll because it's like suicide. ;D

Coming back tomorrow doesn't necessarily mean the next day. But one can do it when they are ready for it. Limiting the amount of money you want to spend, and quitting once one of the target is reached will still be useful to prevent more losses and enjoy winning.

Thats true, its easy to said than done. Thats why gambling should not be treated as a money making habit because you will only lose more than winning. I've been there already, I thought its an easy way to double my money but the truth is it can lead you to a worse scenario. The martingale strategy cant help you to get back what you've lost if you're not lucky and its a fact.

There is no "why" in any strategy about how they suck. Strategy doesn't work in gambling, there is a house edge and as long as you keep gambling there is no way that you could actually win, you are going to end up losing. This doesn't mean that you can't have a win in the middle of the road, like let's say you start with 100 bucks, bet one dollar each bet, get to a million dollars, now you think that is a huge win right?

If you withdraw yes that's right, and if you just get out and stop that is right, but as long as you keep gambling with it? Then you are going to lose all of that million dollars.

So there is no strategy that works in the long run, if you ever want to gamble and walk out with money, you have to get lucky first and win something and then you need to stop gambling ever again in your entire life and cash that profit out and never look back, that is the only possible way.

When you do really think of gambling to be a main source of income or money then this is where wrong motivation comes in which would really result into those negative or unfortunate events in life.
Dont make yourself believe that gambling could really make your rich or does make out some guaranteed profits because it doesnt really work that way but rather the opposite one.
When it comes to martingale system then this had been the common strategy being used in ages.Lots had been saying that it isnt really working at all or does really bust you easily
but to think that this isnt been created to make profits in the first place. So better be aware on what you are doing in the gambling field.

That's the reality for most of us but not for some gamblers who really made it successful in treating gambling as a source of income. I know only a few would understand as it's not really easy to consider gambling as a source of income, when you are true to that, you need to be smart and thinking gambling could be a source of income, that means you yourself had proven that you have some consistency in winning.

It is incredible that people even consider the martingale. Is as old as life and yet still somehow it captures the imagination of players that keep on loosing money either with the original scheme or with many variations aimed to increase the chances. The fact is that:
- Statistically, you may loose an indefinite amount.
- The limit of bets puts an effective limit to the system.
- If it worked, it would be banned. Casinos like wining only.

So, users are either illiterate or they just don´t even bother to google it.

Because it works sometimes for other players that's why they try to spread the word that it works when it's a wolf in sheep's clothing, the concept for this system is that it tries to make you breakeven and you are hoping that in a consecutive loss, you will eventually hit the win and win back all the losses. In reality it's quite stupid to do this because you are basically losing money much faster than a regular unsystematic way of gambling.

We can say that a lucky day gives gamblers opportunities to win using this system,

But in the long run it will end up the same way as how those who suffered from this strategy are saying, house always have the advantage

and with un-control emotions you can lose so much using this system. Best to play some random strategy, who knows when luck permits you and walk away with decent profits.

No such thing as lucky day, remember that gambling is all math, statistics and probability, we just don't know how to explain it to ourselves that's why we call it luck. Of course anything that is likely to make you lose money is going to hurt you in the long run, I think there's no exceptions to that.

Obviously, some believe in luck, some believe in a higher power, God or a deity, but my point is, if everyone only thought strictly about math and probabilities, no one would never gamble. You cannot deny that sometimes in life you get 'surprises.'  ;)

After all, the odds are a totally mathematical number, while randomness or luck is an unseen element. It is random and it happens. The odds do not affect the outcome of the bet; they only serve to predict the probability of success.

There are a lot of people trying to do this kind of strategy double your wage when you lose one time in some cases it works because I saw different gamblers online doing this kind of strategy well and it's quite effective but in some cases, they need to wage up to 3 - 5 times base on my experience before they taking back their profit which is too much money to lose but still it's on the risk of the player. Some of them are trying to check the round when they win and they are trying to make a speculation on that time they will win again which is just a risky play to do.

However, the risk is very high using the double your wage strategy, because we can lose large amounts of money if we fail. If our goal is to play
gambling just for entertainment, I really don't recommend using the martingale system which can indeed make very big losses. Which based on
my own experience using the martingale strategy only made my money run out in a short time. I admit I have also managed to recover my losses
several times with the martingale strategy, but that is very rare. The conclusion is that the martingale strategy is very risky and my advice should
not be used in the long term.

There are strategies that can be used to win at the casino, the casinos know about them but they are there, an example of this is card counting in blackjack in which you assign numbers to certain cards and you begin to count them and once the count is in your favor then you have greater chances to get good cards and if you raise your bet during those instances then you have chances to beat the house, but any strategy that depends on betting patterns is never going to change the EV of the game and as such is useless.

It is a bad strategy unless you set a limit and go with the gamble. Maybe double down five times or so, but it will ultimately make you lose if you repeat that just often enough. It comes down to pretty much the same result as the statistics of OP prove very well.

If you will not set a limit, the gambling site will, and as a gambler, you don't have an unlimited bankroll so you need to manage the bankroll. Doubling down every bet but only up to certain numbers, is not what we called as Martingale method as the martingale method explains that you'll only stop doubling when you win, so if you have like 20 losing streak, you have to continue to double your last bet in order to qualify.

Simply double on loss because doubling on the time you win is reverse martingale as we all know but i havent tried it out though even using up martingale is really risky if you dont know

on when to get out.I dont see the worthiness on doubling bet on losses as you hit some wins then you do earn back on what you bet and of course a little bit amount of win.

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

 Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

If a gambler can win using the same strategy for a short time, it is better for him to stop gambling, save and withdraw the win money and get out of the casino. But from what I see, we are difficult to win in a short time, so it is not easy for us to win for a long time. But we can stop anytime from playing gambling, especially if we can see that we can not win from the previous rounds.

I will see and observe my first ten rolls and if I see that I can win more than 5-6 rounds, I will continue to play for the next 5 rounds. But after that, if I can only win 2 times in a row, I will quit that game.

No gambler would stop when he is winning unless he wins a big amount like winning in a lottery. We gamblers always aim to win more, we also try to experiment in finding a ways to more consistent in gambling as we believe that once we become consistent in winning, then we can maximize our profit here and this could be the easiest job for us that would fulfill our dreams.

Exactly, but our chance in the lottery is very slim, lower than 1%, or probably only 1 will win for every 1 million people, or maybe that's not a conservative analysis. The thing is, it always depends on our mindset, if we think of gambling as a source of income, so we will continue to gamble because of that belief, but we also have to be smart at the same time as that's the only way we can make it possible, unfortunately, most of us who have that kind of aim are not smart.

It's also necessary to choose the right game, any game with a house edge is not a good game to focus on, you'll never have the consistency there as it's the house who are consistent due to their house edge.

In most cases, when an user is experiencing continued winning he/she'll go for a high amount betting which is what makes them end the game emptying the wallet. Being consistent in gambling is really a tough think, because when we face loss automatically we'll go out of control. Maybe a very few take the right exit and comes back after a break.

You need to have that luck and quit while you still have that chance, if you stay longer then expect that the outcome will turned against you.

Lots of gamblers do have the same experienced thinking that they've got that better  chance and luck is already behind them,
but when losing strict start to show up all those early gains together with their bankroll are being suck up.

Martingale will leave you nothing if you'll use it without any good control with both emotions and your balance.

Some gamblers can stop gambling if he wins or loses because they can control themselves better than the other gambler. If he can see how big his chance to win in gambling games, he will consider continuing or stopping gamble. Maybe he stops because he sees his strategy is not working for him, so he decides to break and modify his strategy and try again in the next few days. It is hard to become consistent winning in gambling because we know that will depend on our luck. And we know that luck will not always work beside us every day and every time.

One of the things why the Martingale strategy is so efficient in casinos is because it plays with the emotion of the players, because every player has very high self-esteem when they have a high balance, even with low balances it happens, but In the long term, this strategy is not profitable, many say it is.

In my case, that was the only strategy I knew when I started gambling, but after trying and testing the gains are never greater than the losses, in fact this article affirms it:

Source: https://www.iqoptionwiki.com/martingale-strategy-trading-iq-option/ (https://www.iqoptionwiki.com/martingale-strategy-trading-iq-option/)

Of course, the good or bad luck of the player also influences here, there are some players who do this strategy only 1 or 2 times and it works for them, but they don't do it often, and it gives them results.

You are correct when you say that what the user that you are quoting is describing is not really martingale as it is clear that in order for the martingale strategy to be used you need to double your bet each time you lose, however it is a betting progression and as we know a betting progression is never going to be enough to beat the casino games because a progression does not change the expected value that you can get out of each bet and as such all of those strategies keep losing money.

If a gambler uses the martingale system and can win the game in the short term, he must stop as soon as possible before he loses because I guess the losses will be bigger than he won before. That is what a gambler must do to avoid a big loss.

Yes, a gambler will feel high self-esteem if they win, no matter how big their balance, but that can make them greedy if they do not stop gambling.

Discipline in gambling activities what will save us always . the longer you gamble is the bigger chance of losing thats the reality and based on my own experience.

always Put your self as beginners , in which completely contented in small wins , in this way you will never become greedy and will keep your plans small time and never exceed to looking for tons of wins each gambling time.

You just described what breaking even is which is what Martingale system does. Also, your answer doesn't make sense because your definition of bankroll is definitely not right plus it's a useless system that makes a quick work of your money because you exponentially increase your bet and end up losing it much faster than usual.

On the one hand, your advice looks reasonable, but if you think it over completely, then you will inevitably come to the conclusion that you should not even start playing  ;D
Probably the best strategy is to set the money that you are willing to lose and play in order to enjoy the game, not in order to win. If the process of the game itself does not give you pleasure, then it is better not even to start.

Martingale without control and used in the long term will only make our capital run out. So I agree when using the martingale strategy we must
be able to control ourselves when to stop, because if it continues after a losing streak, there is a possibility that the results are not what we want.
I believe no matter how big a bankroll we have, if we insist on using the Martingale strategy, our bankroll will also run out. So we do have to limit
when using the martingale strategy, with disciplined control.

I admitted that sometimes, we lose the discipline just because we are too feel excited playing the game. Although I am tried to discipline myself, I still lose that for some time. But I keep trying.

I hope we can do that because as we got the win, that will turn us become like a pro and forget to control ourselves. That makes us become greedy and still playing gambling to chase the next win. But that will not always happen to us.

I guess so ;D
Set the money we should use and do not mind if the money loses will be a good idea. But remember that some gamblers can use the other money and deposit it in their account to continue playing even if they do that in the next few days.

This will be a violation of the correct strategy and I think the result (losing all the money) will definitely not bring any pleasure  ;D
In principle, we can endlessly talk about how to act, but the problem is that a person is subject to emotions and he can even break the rules that he himself has established. There is hardly anything you can do about it.

There's none unless you really have that special kind of self-control where you can easily kills every emotions inside you and you are good in sticking with how you plan everything,

If such mentality exist, might a small percentage of gamblers or those experienced players who are not being exposed. Gamblers who choose to keep it themselves from the lime light and continue to prosper and enjoy this business.

Oh well, its  case to case in anyhow, martingale system though mostly lead gamblers to lose..

That strategy is indeed a bit crazier than betting on the same numbers for the lottery for several months. I think we have to have a big bankroll to get big wins with this strategy. But has this martingale never been banned by any gambling site?

Dont know on why you said such thing, arent you a gambler? Havent you able to make use of martingale ever since? because it seems you dont have any idea about on what you are saying.

Martingale is never been banned because it was never been a profitable strategy specially if you are using it for long term then you would just basically blown out your account.
Martingale wont really mind of having a big bankroll because it wouldnt guaranteed to make big wins with this strategy just like on what you had said which is
totally on the opposite.

When it came to emotion, it will depend on how someone can manage the emotion and if he is a person who can control himself, he will control his emotion and not use more money and break the rules. He will realize that it is no use for him to do that instead will only give him losses. I am sure if he always controls the emotion, he can enjoy playing gambling without afraid of breaking the rules and his rules.

I don't know if this is even possible theoretically. If you are doing something, then you are involved in the business and are interested in a positive result, you are emotionally involved. If this activity is gambling, then there is always an element of luck. Is it possible to be indifferent and not give vent to emotions in moments when luck sometimes helps you, and sometimes absolutely rudely destroys you? I doubt it.
Perhaps this is possible in arbitrage and similar techniques, but this is not gambling.


100%

Correct, the only techniques that are frowned upon by the casino are those that can actually provide profits to the gambler, strategies like card counting, bonus abuse or arbitrage bets, martingale does not work and the casinos have several measures to make sure that it will never work, one example of this is the table limit, this way it does not matter how much money you have sooner or later you will hit that table limit and you will lose your money and you will have no chance to get it back.

If this is 100% correct, then why it's still a very popular method, and why gamblers still want to experiment with this. We all use this method, right? Based on my personal experience, there are times that it's working, but most of the time it's not, so I must say you need good timing to make this method effective, otherwise, you'll easily lose your entire bankroll.

This method never works. The fact that you do not lose everything at once does not mean that this method "temporarily" works.
The easiest way to test such strategies is to wait for the deposit to double. If you regularly lose your deposit before doubling it using this strategy, then it does not work.  Believe me, doubling your deposit using Martingale is almost impossible.

That's the reality that it never works. We may see some temporary wins but if you will keep on going, you'll be ending up losing those wins too.
I agree. You'll lose your entire balance before you'd be seeing your money getting doubled through this strategy.

Getting doubled is already a challenge for martingale  strategy and this is the time that you should really know on when to take profits and call it a day but since gamblers are typically
greedy then you would expect that they would really be continuing until they do bust out their entire balance.Surprising thing? no its not.
Martingale doesnt suck if you do just know as a player or user on when to get or secure profits and when to move on and dont add up more when you do lost.

And what is your opinion on the correct exit from the game when using Martingale? 10%? 20% profit? And what if from the first bets you find yourself on a losing streak and, for example, your balance drops by -30% of the deposit? Depending on the size of the deposit, this is a frequent occurrence.

It is not surprising and also, there will be times that even how hard you keep on trying but if luck isn't with you. You are just going to be out of your balance and run out of funds.
That has happened a lot of times to those that have tried it.

That is an interesting question, I really think that part of the answer to that is that people do not understand probabilities at all, many sites recommend martingale as a winning strategy either because they do not know better or just as away to try to incite people to gamble, but make no mistake martingale does not work, even if you have a 99.99% chance to win every single bet and a 0.01% chance of losing if you bet for long enough you are bound to lose and when you lose you will lose all of your capital.

I think it was a year ago when I become active in gambling that I participated in a discussion of a newbie exploring martingale it looks and sounds logical because you have to just double your bet every time you lose and you will eventually recover all your losses for the last ten rolls, it's very attractive for newbies but if you asked those who are very much into dice there are losing rolls that can go up to 20, I haven't reached that, my highest was 16th but with a house edge in favor of the gambling site, it will eventually catch you.

This has happened to me and in the end what happens is that you are out of money unless, you have more money to play with and add funds to the site and make it double. But once you cross 10-12 reds the amount to bet becomes higher and its difficult for many to take more chance beyond that unless you are rich to bare the further loss in case if still the red keep on coming for 15-20 rolls continuously. Better to set a limit by yourself that beyond x max red you will not bet it.

10-12 streaks are too much to bear, i start with $1 and it's still something to think about when you experienced the successive 5 loss, sometimes when this happens while playing with dice, i'll just try from roll under to roll over. sometimes it breaks the 6th.  i think i've read this strategy here as well.  but then you got to learn when to stop though. always remember that the odds are always in favor of the house.

That's already 16 USD as your base bet if you look at 5 streaks, it may not be too big but if you get into 12 streak max, that would be 2048 USD bet to win 1 USD, the question is, are you willing to take that risk?