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There are a lot of topic about martingale now, and I'm sure many of us employ their own version of Martingale,
This is my own version of Martingale it's actually time-consuming, but I'm not going to make a living in gambling I just want to be entertained and have some fun and I want to extend my enjoyment.

My strategy is I started off with 10 sats I just add or double my bet the next time if I lose so if I lose 5 straight and win on my 6th I started my bet again on the bottom.

My reason is I want to extend my funds so every time I regain my losses I just started my bet to the minimum again
I've done it over and over again and I can extend my funds for 3 to 4 hours sometimes I made money but I never make a withdrawal
I just call it a day and come back tomorrow with additional funds and a possible extension of time having fun.

Its a bad strategy long term

Would better be suited for gambling discussion.
What makes it unique to you? The low bets? It seems like the traditional martingale to me.
Unless you have an infinite bank roll to spin with, eventually it will eat you up.

This is literally classic Martingale.

It's funny though, everyone at some point thinks they've invented Martingale, until they realize everybody knows it, and we have a name for it.

I did not invented and do not claim I'm the only one doing it, I just had a discussion with my friend about a version of martingale his version is very different he never pushes down his betting, if he wins on his 6th he will not set it to the minimum again he will just go on, and one of my friends also has his own version he does martingale in on his first three rolls then he tosses a coin, if he wants to extend or change his bet.

Everyone has his own version and that does not mean they invented it.

Isn't any strategy bad in the long term ;-)= the more rolls you make, the more chance the casino will get you.

May I ask what's the usual way of martingale you have known? Since you have your own version, it means there is an original version.

Or you are confused about martingale? What you did is the usual martingale. Nothing different.

I don't understand how it becomes your own version. In the end, it will not work in the long run and kind of a waste of time for 10 sats capital and 3 to 4 hours playing and you will only earn pennies in return.

I think OP means the one he uses because, in reality, it's hard to create your own original version of version of Martingale, everything has been explored on the martingale on how to use it extensively, some gamblers only knows martingale and some do a variation but in the end you still going to lose, OP just want to extend his losing time.

Only by stopping at some point doesn't make "your own version" so different, so don't be surprised that people don't agree with this.
On the other side, if you make the fun last longer, why not? You can get one day and maybe win a bigger % of the bets. No breakthrough, no expectations for super wins and, for some it may be boring.

My strategy is rather random. Basically I don't necessarily double up after a lose, instead, keeping it the same a few more bets and if I get 3-4 loses in a row then increase the betting amount 10-20 times. Sometimes it works out, sometimes not. It's clearly probably still something like Martingale because I somehow rely on the "statistics" that increase the odds of winning after a number of loses, although that's not necessarily right. On the other hand, it's more fun than yours ;)

I use martingale at lower than 49.5% win chance, sometimes i use 40%, 33% or even 20% (this was crazy), i started with lowest bet (1 sats). Sometimes i use higher than 49.5% win chance too, 66%, 75% and even 90%, but ofcourse i use high increase after lose like 200% - 3000% on that winning chance

Might as well-tried that too, I'm still looking for more variations and versions that will extend my time playing and be entertained, I now that with Martingale you will eventually lose, I accept that fact, but I am more on playing to have some fun, worse thing that can happen to me is I have funds for 20 bets but I ended with 20 losing roll, and I only spend a couple of minutes playing.

As much as possible I want to play an hour or two after a day of work and while waiting for my time to post here.

This is indeed the classic martingale. Your starting amount is actually depended on the amount of coins you have.
For a classic martingale to run, people generally have coins to manage 10 to 20 losses. But as people keep on wining for hours, they feel the starting bet is low and increases it bringing the number of loses you could cover down leading to bust of the strategy.

Isn't that the same as martingale? I don't see any difference or "version" that you mentioned or am I missing something?
my understanding about martingale is that you double your bet every time you lose and reset from the start when you win.

This is the most popular version of martingale. Any other deviation from it could be called a modified martingale.
Martingale is the strategy of gaining back your loss by increasing the amount you bet after each loss.
If you bet on 1.1 odds, you should increase your amount by 1000% on loss and if you bet on 1.01% you could increase it by 1%.

Well, so how is this "your own" version of martingale? its the same old martingale shit which suxx big time. If you want real chances when "gambling", learn poker.

Sports is also a good option, though quite a bit harder. Martingale with a low multiplier is never worth it as you'll very likely wager more to hit a certain profit target (ex 100%) compared to a straight all-in bet (2x multiplier if you're shooting for 100% profit). The more you wager, the more likely you are to lose as your theoretical losses increase. Otherwise, you're better off with a 9900x martingale strategy (https://bitcointalk.org/index.php?topic=939776.msg10529739#msg10529739) to get the highest change to double your money (~49.65% chance with a 1% house edge compared to 49.5% with a straight bet)

Yeah - sports is also possible but I also think its even harder than poker thats why I didnt mention it. Nice explanation as to why martingale is just old but definitely not gold...

I am pretty sure this is the martingale I am doing and I did not do well with it for months. I did that with some small funds I left in that wallet and I am done betting in just some minutes. Martingale really is so risky since you are doubling up the risk everytime you lose.

Yes you are absolutely right that each person has their own version of martingale. My version of martingale is the same as yours. I start from lowest best and increase or double the amount until I win and start from the starting amount that I start with. Sometimes when I won I still did not set the bet amount to the starting amount that I started but if I won the second time I will make it back to the starting amount that I bet.

I thimk we have our own variations but I think it is still the classic martingale.

To be honest I am doing the same bets since I am not using my own money but I do love to get some free Satoshis on the site's faucet and use that to gamble using this strategy. Sometimes I won but most of time, I lose that is fine though but I am wasting a lot of time doing that but it is fun.

The problem with the martingale is the pay-off and reward to risk ratios:
both in trading and in betting, you should usually be creating scenarios for yourself where you are shooting to WIN big while risking to lose small amounts.

The standard Martingale, including the version you are describing is the exact opposite, so you are setting yourself up to win very small amounts while risking to lose your entire bankroll...

So if you lose on the 6th bet even, you go home and try again another day ?     If thats the case and you start with 10 SAT then fair enough, its not too much and you tried your best.     If you find this strategy results in a loss over a month then quit it and dont use it again.    If its tried with small amounts every day then I dont think anyone can criticize the attempt, just dont ramp up the amounts and hope it'd work any better.

    I had a friend from work describe a similar strategy to me sitting in a casino about 20 years ago.    I heard it and it seemed a reasonable proposition but theres nothing special in this idea, it doesn't give an advantage.   The main problem to avoid it is the risks of loss are too great on continual doubling.   If the rule is quit after 6 doubles and to start small I agree, thats slightly better.    
   People always repeat this one because its so simple and somehow it appeals to our basic ideas of how the game deserves to give us a win sometime, sadly justice is not a feature of gambling.

We all want to extend our enjoyment if we came to the game to enjoy the excitement brought about by gambling, we never care if we win or lose, but it's different if you comin in to make a profit, it's time-consuming doin git manually, you will lose then win then lose again, just to extend playing, not recommended for profit gambler.

How will you handle if you will lose more than 5 or 6 rolls/game?

Because for what I experienced recently, which is really a hell bloody. 51% winning chance on dice, and using Martingale style on dice game, hell yeah 9 straight lose and all my funds lost, so on my 10th roll, it is still not sure if I will win since my funds last only on the 9th roll with that kind of style.

Be cautious. Don't get in habit of gambling, you get nothing useful,  plus waste of time.

Wanna know best strategy? Just go all in on first bet, win or go home and move on with your life.

Oh my God,another post about martingale... :'(
10 satoshis?What's the point to even bother gambling with such low amount?Do you gamble for fun?Obviously not,because you are using martingale.The only point of martingale is to fool the gamblers,making them think that their odds to win big have increased,using this stupid "strategy",while actually the odds of losing are the same with or without martingale.

Your own version of martingale and what martingale is, is just the same. But I think the "own version" of martingale can be applied depending on how each person would use that strategy in gambling.

Btw, I agree with op that don't make a living with gambling and only gamble for entertainment and fun.

I think that is only martingale with very low bet.  ;D I know it is work because if we lose we will take long time although with 50k satoshi as capital. But the fact is, a lot of people is aim from winning prize in bet. But for what you already done, i will just say have fun with it and hope you not get bored.  ;D

It differs in how people use it; maybe you could compare how much time you use it. Like for a day, how many hours, etc. because there could be a lot of variations towards how it's going to be used (the strategy). Maybe players do this strategy because they want the idea of continuous winning, which is theoretically, Martingale Answers.

If I were to compare my experience towards yours, I wouldn't say that I'm having pleasure in watching my balance decrease. I don't know if I were to repeat it. 

If you're just using a small amount of non-essential funds and you're enjoying running your martingale strategy, I don't see anything wrong with this. I'm really not one for running strategies on casinos because you're just going to lose in the long run anyways and I'd much rather just place my own bets with my own discretion, but as long as you realize the risks associated with this strategy, this is fine.

Useless, the best strategy is doing 1 rotation/sequence of the martingale, it gives you better odds than just betting all your money at once and also much faster than a normal martingale strategy or other strategies that require you to bet thousands of times for no reason.

People will continue to gamble not because they believe their lifetime livelihood is based on that but because they will always like to catch fun from gambling. The number of those gambling to be entertained are quite higher than those who play for the money, so let’s just say that basically there no way a market would evolve that will make players that are being entertained stop gambling.

I personally do not see anything in the world that would stop me from gambling especially considering the entertaining aspect of the game, most times when I am down, the first thing I reach out to do is to play games and I immediately feel relieved.

It can lengthen your gameplay but it can also shorten it.  You can lose your fund in a matter of minutes if your unlucky. More than 16 straight losses can eat all your funds unless you really have a huge fund for it.  But, well it is rare to encounter such thing during the start of a gambling session.  So I guess it is really a good plan after all since your aim is to play longer not to win.

That was what I thought when I read his post. He thinks it's his version of martingale but it's not. He's starting with a very low bet which is fine because it will take a lot of losses for him to go bust but he won't win anything big.

The only point of doing it is to see how long it will last but there's more. He's not withdrawing anything. At some point he will have a bad day and loses everything he kept winning for months :D

Reality is that you are risking your bankroll to have small profits from this strategy and if you careless and too aggressive you will burned everything, you'll be able to find it out after you don't have anything left as losing strick is unpredictable, be very careful and have a good control of your emotions to enjoy your chances and to avoid bigger loses.

That's not bad if the purpose is just to have fun as no matter how you innovate that martingale and regardless of the amount you bet, you will still loss in the end. I don't know if you can still sustain that having fun in the long run because based on my experience, I sometimes aim for fun but later on I when I got bored, I began searching for profit, so the strategy to just have fun will not anymore work for me.

Anyway, just stay discipline and always have fun, what's what you have to do to be safe.

That's pretty much a conventional martingale strategy. Good for short term rolls. You'd easily lose you entire capital once your losses hit more than 7 bad rolls. Though it seems you're really just playing for the fun of it and to pass time. I don't think that would hurt, so it's probably okay. Anf the fact that you get to start the next day sometimes with a bigger bankroll is good to hear.

Martingale method is explorable you can do an experiment on what works for you on a given time if your goal is to extend your time that you are going to lose your funds, I also do some variation, so it's will not become boring because of repetition, this is how you make it fun and enjoyable by exploring a lot.

Thats the main reason not to use it but I'd venture thats a bad idea for any idea, any scheme or strategy.   Dont be in a game especially doing new things and leave open the door where you have to walk home and have no money left for food that week.    The best purpose for money is security, if theres nothing left to fall back on then the game was played wrongly and possibly rashly.  If we play games with money then its fine so long as it remains a game not a Russian roulette attempt at riches with no prior practice, its too obvious a mistake to make.   Some things are way cheaper to pay up front, laying out money to play and lose in possibility seems the best counter to many open ended risks.

There are so many different ways to use a martingale strategy, i have tried several by myself... any time, you will get on the point where you lose it all if you don't know when to stop. A lot of martingale strategies work some days / weeks. As more as you play, the odds that you get a punch in the face are increase dramatically.

I think it's still classic martingel, everyone knows that after you win, the funds will be reset to the initial capital again. only people who are brave when they win but not reset to the initial capital back, and I don't call it martingel if after winning you doesnt use 10 satoshi again (reset)

It is a failing strategy and you don’t even need a long time before failing,anyone can lose five bets pretty easily in today games.For fun or not martingale is proven to not work during many years as it is one of the oldest gambling strategies.

But I guess the most of us used that strategy in the beginning. Just let the beginners learn it and they will find out it is one of the worst strategies.  ::)

I've tried similar to your method but you are right you will just prolong your playing time if you are going to do it manually, it's only recommended for players who want to enjoy the game and do not necessarily like to make a profit, there are strategies to prolong your game, you have to do a lot of variation to prolong, because no one strategy can give you long winning streak.

there are strategies that can make you win most of the times  but they can only give you lesser profit so its not really worth the try but those are still beneficial like for example for waggering contest or if you want to roll for some specific numbers  . there are gambing site that have those kind of side quest or side games that can make you earn extra income   . in my case  ,  i have tried different martingale variations but none of them seem to work bettter on me  .

My martingale strategy similar such as you have and i think it's common used for almost every people when they gamble using martingale system but indeed the amount of satoshi when i started slightly different depend on my initial money when i starting gambling but often too this strategy facing worst scenario when sometimes i got 10 consecutive lost or more and that's only makes my money dry rapidly

Experimenting is part of the entertainment we will get in gambling because this way we will be able to explore new method that we think would help us to win, especially this method but then it's just later when we realize that it's not working anymore as a long term strategy.

For me, we can call this betting strategy as part of the bankroll management as well since everytime we bet, we risk our money and this ins't really gonna work for long term, what's important to win in gambling is to ensure that we have more wins than our loses so we will end up on the profit side.

I believe OP is aware of that and hence the reason he clearly and plainly explained that he only plays to be entertained, that is to explain that a winner or anyone who plays with the intention of making money, would not even consider it as an option for gambling.

I am not against the strategy since I have never used it all my years gambling and I will say that the negative review about the strategy is more than positive reviews because obviously, out of one or two witnesses truth is confirmed. Everyone says that the strategy is a bomb waiting to explode as it always fails in the long run, that means using this strategy, the player should be prepared for long run loses which is terrible.

Well I stopped using martingale since it never bring me profits but losses from the very beginning,I don’t know if it’s my timing or me has the problem

But maybe because I am not really that good in online gambling instead I am in local gambling’s in which I played since I was little boy

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And I also believe that in gambling it’s not the strategy that will made you a winner but the attitude and how you treat gambling if it’s a game or a profiteering place

Martingale, would never make a person profitable since the more you lose, the bigger you will risk just to win a small amount.
The problem here is people does not believe in losing streak that's why they think that Martingale will give them a win all day.

Here's the truth, no man has an infinite bankroll, gambling sites can limit you, and losing streak even 20 is possible, so it could bust you out.

I agree, martingale strategy is not helpful in the long run it will drain most of your bankroll if not control properly. It's not just the martingale strategy would fail but other strategy too when used in the long run. You may have to use any different kinds of methods and strategy for a certain game in order to gain.

I've already written how I've lost a lot of money with this very strategy. The most interesting thing is that such a strategy works if you have enough capital to bet when you have at least 20 losses in a row. If you do not have such funds, sooner or later you will all lose. Recently, more and more people are saying that the strategy of the game on Martingeyl does not work in the casino.

I'm pretty sure many high rollers are using and experiencing with Martingale, they have the funds they can extend and fight the house edge if it really is a Provably Fair then they will eventually win the game as long as they can keep up with the funds.
A martingale is a good tool for high rollers but you will need big luck if you are going to use it with a limited funds to bet.

Some high rollers use it with some big bets and just for a few rolls. They don't use it with a base bet of 100 sat.

Martingale is not always profitable.
You have to own a lot of capital if you want to use it and it doesn't worth as it provides low returns for big risks. Try other strategies and get away from martingale.

Like you said in the OP it is just a slower version to lose your money. More FUN, but more time wasted. Is that all you have to do with your time? Can't you do something else, something more productive maybe? I'm not here to teach you anything, but hours spent on gambling doesn't seem right to me, but each person is different after all  ;D