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Title: What has been your longest streak of dice losses using martingale ..? Post by: Sativanaka on May 02, 2020, 10:06:10 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.
In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: janggernaut on May 02, 2020, 10:42:21 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. I "only" ever had around 16 streak loses, and it was wiped out all of my balance too since i thought i wouldn't facemore than 16 streak losses just in few bets after i started gambling, but it happened. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings 32streak losses? How big your bankroll back then to able survive more than 30 streak losses? Even if you only started with 1 sat, it will required so huge bankroll to do that Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: noormcs5 on May 02, 2020, 10:57:01 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings So what happened in the 33rd time ? Did you won the 33rd game and recovered all your loss or did you got busted because of no further balance left. I never play martingale games for long and if i did not win within the 10th time, i quit. I think the more longer you go with martingale , there is a big chance that you will lose big money. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Sativanaka on May 02, 2020, 11:13:04 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. I "only" ever had around 16 streak loses, and it was wiped out all of my balance too since i thought i wouldn't facemore than 16 streak losses just in few bets after i started gambling, but it happened. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings 32streak losses? How big your bankroll back then to able survive more than 30 streak losses? Even if you only started with 1 sat, it will required so huge bankroll to do that Not that big, I made a deposit near to 5 BTC months before, lucky or no I managed to get around 10BTC. For the ones who asked, yes, thank God I did won. After that day I NEVER played anymore. Worse feeling I ever had it was think that I can lose all my BTC but if I decided to don’t bet higher I was accepting to loss around 75% of my whole bag. Things escalated really fast. Scary, truly scary. The main reason is to know the biggest streak, things has change since 2018, there is more casino who accept cryptocurrencies like XLM, RVN, DGB, so I gues your bankroll is “bigger” since the value of the coin is not that big. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: janggernaut on May 02, 2020, 11:50:35 PM Not that big, I made a deposit near to 5 BTC months before, lucky or no I managed to get around 10BTC. For the ones who asked, yes, thank God I did won. After that day I NEVER played anymore. Worse feeling I ever had it was think that I can lose all my BTC but if I decided to don’t bet higher I was accepting to loss around 75% of my whole bag. Things escalated really fast. Scary, truly scary. The main reason is to know the biggest streak, things has change since 2018, there is more casino who accept cryptocurrencies like XLM, RVN, DGB, so I gues your bankroll is “bigger” since the value of the coin is not that big. Fyi, freebitcoin has 5% House Edge, in theory, you could have "more" red streak actually Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: carlfebz2 on May 02, 2020, 11:52:03 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings You can read lots of response on these old threads with similar topic. https://bitcointalk.org/index.php?topic=2192044.0 https://bitcointalk.org/index.php?topic=5172529.0 https://bitcointalk.org/index.php?topic=1417931.0 might not be talking with martingale purely but you would have idea with others responses. In my case the longest streak i have experience was 25x in dice.It will vary because base bets will differ on each gambler. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: SaShiRaJaVu on May 02, 2020, 11:59:37 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. As carlfebz2 mentioned there is a thread for you collect more information, for the response i usually use a bot with a lower base bet and 16 loosing streak is common and then rarely you will get 32 plus loosing streaks and my record is 40 and busting everything, these are way back in 2016 in bitsler and primedice.In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Sativanaka on May 03, 2020, 12:13:56 AM Not that big, I made a deposit near to 5 BTC months before, lucky or no I managed to get around 10BTC. For the ones who asked, yes, thank God I did won. After that day I NEVER played anymore. Worse feeling I ever had it was think that I can lose all my BTC but if I decided to don’t bet higher I was accepting to loss around 75% of my whole bag. Things escalated really fast. Scary, truly scary. The main reason is to know the biggest streak, things has change since 2018, there is more casino who accept cryptocurrencies like XLM, RVN, DGB, so I gues your bankroll is “bigger” since the value of the coin is not that big. Fyi, freebitcoin has 5% House Edge, in theory, you could have "more" red streak actually It was 1 sat as a base bet. In my naive mind at that point the plan was leave it in auto “forever” and start betting manually after 18 lose streak. That’s why it was so painful, I was doing the last bets and losing one after another in manual mode. I was increasing my bet after each loss by 61.8% with 3 as bet odds... Beside the scary moment what make me decided to never do it again it was the profit. After all that mental pain I earn less than 1.7 BTC.. the risk, the money on the table was way bigger by that point. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: MCobian on May 03, 2020, 03:00:04 AM Dice is my favorite gambling game, it's true that with Martingale strategy we often experience the longest streak of losses.
You have 5 BTC, it's only natural to experience 32 streak losses, because my bankroll is small so I only have around 11 streak losses. That also feels very scary, but that is interesting gambling feeling that tension stimulates our adrenaline. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: aioc on May 03, 2020, 03:57:51 AM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings Mine was 12 glad I had no repeat of that again but wow 32times is such a huge number I could have stopped at 15 and will be depressed if I have twenty, you must have a huge amount if you are going for that long streak. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Wexnident on May 03, 2020, 05:02:28 AM I limited myself to 10. Not that my bankroll could handle anything higher though tbh. Whenever I reach the 10th streak I try to do it once more without increasing the odds. If I win, I reset and continue the same process but however if I lose, I just accept my loss and stop temporarily. It's not like I could continue gambling, after all, I limit the amount I spend on gambling most of the time anyway. I limited myself to 10 since I had a reaaallly bad experience where I lost my entire bankroll after having a 20 loss streak. It might have even been more tbh, been long since then and really, betting the same amount again like that really scared the hell out of me.
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Ailurophile on May 03, 2020, 05:52:21 AM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. I "only" ever had around 16 streak loses, and it was wiped out all of my balance too since i thought i wouldn't facemore than 16 streak losses just in few bets after i started gambling, but it happened. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings 32streak losses? How big your bankroll back then to able survive more than 30 streak losses? Even if you only started with 1 sat, it will required so huge bankroll to do that Not that big, I made a deposit near to 5 BTC months before, lucky or no I managed to get around 10BTC. For the ones who asked, yes, thank God I did won. After that day I NEVER played anymore. Worse feeling I ever had it was think that I can lose all my BTC but if I decided to don’t bet higher I was accepting to loss around 75% of my whole bag. Things escalated really fast. Scary, truly scary. The main reason is to know the biggest streak, things has change since 2018, there is more casino who accept cryptocurrencies like XLM, RVN, DGB, so I gues your bankroll is “bigger” since the value of the coin is not that big. I only had around 9 or more lose streak since I only spend small amount on gambling. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: janggernaut on May 03, 2020, 05:54:50 AM Dice is my favorite gambling game, it's true that with Martingale strategy we often experience the longest streak of losses. Just to let you know, having 32 streak loses on 49.5% winning chance is very rare to happens. Even got more than 20 streak lose is rare (the chance to happen will be bigger if you rolling/playing for long run)You have 5 BTC, it's only natural to experience 32 streak losses, because my bankroll is small so I only have around 11 streak losses. That also feels very scary, but that is interesting gambling feeling that tension stimulates our adrenaline. I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings Mine was 12 glad I had no repeat of that again but wow 32times is such a huge number I could have stopped at 15 and will be depressed if I have twenty, you must have a huge amount if you are going for that long streak. It was 1 sat as a base bet. In my naive mind at that point the plan was leave it in auto “forever” and start betting manually after 18 lose streak. That’s why it was so painful, I was doing the last bets and losing one after another in manual mode. I was increasing my bet after each loss by 61.8% with 3 as bet odds... Beside the scary moment what make me decided to never do it again it was the profit. After all that mental pain I earn less than 1.7 BTC.. the risk, the money on the table was way bigger by that point. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Tytanowy Janusz on May 03, 2020, 06:13:27 AM I think the more longer you go with martingale , there is a big chance that you will lose big money. In fact there is the same probability of starting killing strike that will wipe out your wallet with every single bet. Every single bet (no matter if first or millionth) can be first bet in killing strike. I have 2 threads that reveals martingale and 7 variations of martingale - based on simulation with 10 000 - 100 000 synthetic gamblers. https://bitcointalk.org/index.php?topic=5112216.msg49832531#msg49832531 https://bitcointalk.org/index.php?topic=5177375.msg52217862#msg52217862 Martingale is system that lowers your probability of winning. There is no need to talk about it/ collect data. Just realize that it is a loosing strategy and forget about it. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: FatFork on May 03, 2020, 08:23:28 AM Martingale is system that lowers your probability of winning. There is no need to talk about it/ collect data. Just realize that it is a loosing strategy and forget about it. This. You may think that with a martingale strategy you reduce your chance of busting everything, but in fact, you do not. The concept of 'losing streaks' is just an example of a gambler's fallacy because individual bets are independent of one another. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: DoublerHunter on May 03, 2020, 10:11:37 AM Martingale is system that lowers your probability of winning. There is no need to talk about it/ collect data. Just realize that it is a loosing strategy and forget about it. This. You may think that with a martingale strategy you reduce your chance of busting everything, but in fact, you do not. The concept of 'losing streaks' is just an example of a gambler's fallacy because individual bets are independent of one another. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Sativanaka on May 03, 2020, 11:05:42 AM I think the more longer you go with martingale , there is a big chance that you will lose big money. In fact there is the same probability of starting killing strike that will wipe out your wallet with every single bet. Every single bet (no matter if first or millionth) can be first bet in killing strike. I have 2 threads that reveals martingale and 7 variations of martingale - based on simulation with 10 000 - 100 000 synthetic gamblers. https://bitcointalk.org/index.php?topic=5112216.msg49832531#msg49832531 https://bitcointalk.org/index.php?topic=5177375.msg52217862#msg52217862 Martingale is system that lowers your probability of winning. There is no need to talk about it/ collect data. Just realize that it is a loosing strategy and forget about it. Nice info in those thread, taking that in consideration, I was using the Martingale v4 that it shows there The fibbo progression... Definitely the risk it doesn’t worth, as I mentioned after put on risk my whole balance the profit was like 1.7 BTC. Horrible risk/reward. Martingale is system that lowers your probability of winning. There is no need to talk about it/ collect data. Just realize that it is a loosing strategy and forget about it. This. You may think that with a martingale strategy you reduce your chance of busting everything, but in fact, you do not. The concept of 'losing streaks' is just an example of a gambler's fallacy because individual bets are independent of one another. I wasn’t aware of the risk management while betting, I thought it was kinda reserved just for my trading activity, thanks God I din not lose that last roll, but as I mentioned. I never played anymore... Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: fortunecrypto on May 03, 2020, 11:07:05 AM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings Anyone should not let the number to go up, that number it's way to high, my highest was only 10 and if I reached higher than 10 I will just give up I have calculated that I can go up to 15 it depends on my funds, but if you do martingale you need a very large funds to cover your losses, you need to know when to stop and when to continue. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: swogerino on May 03, 2020, 11:32:15 AM I never have used martingale as a strategy when playing dice or roulette.I hardly play these games but when I do I make sure to not use martingale for the simple reason that the games are controlled by AI software so it can fall 100 times red in roulette or 100 times lower in the dice game.
I think you better stop collecting data on martingale as it will be useless. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: virasog on May 03, 2020, 11:33:22 AM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings Anyone should not let the number to go up, that number it's way to high, my highest was only 10 and if I reached higher than 10 I will just give up I have calculated that I can go up to 15 it depends on my funds, but if you do martingale you need a very large funds to cover your losses, you need to know when to stop and when to continue. Do you think that gambling casino are so intelligent that they detect that a person is going for a martingale kill and for that reason he continue to lose and lose ? I mean the OP lost 32 consecutive times, that is not normal by any means. Also it depends on which site you are playing as I do not trust all the sites to be fair. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: FatFork on May 03, 2020, 12:01:44 PM Do you think that gambling casino are so intelligent that they detect that a person is going for a martingale kill and for that reason he continue to lose and lose ? Some of them probably do. I mean the OP lost 32 consecutive times, that is not normal by any means. Losing 32 times in a row in a martingale strategy is not so incredible in the long run. If you ever use a bot and try a martingale with a very low stake, you will probably encounter such a losing streak sooner or later. Also it depends on which site you are playing as I do not trust all the sites to be fair. It's true. But most casinos rely on the house edge so in the long run, 'the house always wins' regardless of all the 'strategies' that gamblers devise. ;) Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Tytanowy Janusz on May 03, 2020, 12:13:49 PM I never have used martingale as a strategy when playing dice or roulette.I hardly play these games but when I do I make sure to not use martingale for the simple reason that the games are controlled by AI software so it can fall 100 times red in roulette or 100 times lower in the dice game. I think you better stop collecting data on martingale as it will be useless. Almost every online casino has provably fair mechanism - well at least those that come from crypto world. No one is controlling output. Casino does not need that to earn on statistic advantage over gambler. In fact casino earns as much as it's reputation allows it. That is why it is simply not worth cheating at high level. Read more about provably fair mechanism based on example - https://bitcointalk.org/index.php?topic=5235045.msg54086701#msg54086701 Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: FlightyPouch on May 03, 2020, 01:24:16 PM I don't have enough balance as the OP did and I have 7 streaks on mine. I can't remember how much I deposited at that month but I managed to gain at least .1 btc at that time and then that 7 losing streaks wreak havoc. After that, I almost lost my profit so I stopped betting and just do a certain amount of bets every day. I still lost all of them though.
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: o_e_l_e_o on May 03, 2020, 01:49:28 PM Do you think that gambling casino are so intelligent that they detect that a person is going for a martingale kill and for that reason he continue to lose and lose ? I mean the OP lost 32 consecutive times, that is not normal by any means. Also it depends on which site you are playing as I do not trust all the sites to be fair. There are, without a doubt, plenty of scam casinos and gambling sites out there which are not fair and will give out losing streaks on purpose to rip off their users and maximize their profits. This is by no means unique to users who are using a martingale system, and unfair casinos can rip off anyone who uses them.You should only be using sites which are provably fair. (https://en.wikipedia.org/wiki/Provably_fair) Most honest bitcoin gambling sites achieve this by generating a secret "server seed", but showing you the hash of the seed before you bet. You generate a "player seed", and the site combines the two seeds (usually by hashing them together), and uses the resulting number to generate the outcome of your roll, flip, spin, card dealt, or whatever it is. To prove fairness, you can reveal the "server seed", which you can check hasn't been altered since you know the hash, combine it with your "player seed", and confirm the final result matches your roll, flip, spin, etc. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: ethereumhunter on May 03, 2020, 02:23:15 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings If you use auto roll for 32 times, I think that will not take too long ;D But if you use manual, maybe that will depend on how long the interval you click the button. I don't use too much money in dice, especially in freebitco.in but I guess that I tried with 10-15 times but only 3 times that I can win the money. The rest result is losing the money. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: bitgolden on May 03, 2020, 02:34:06 PM Do you think that gambling casino are so intelligent that they detect that a person is going for a martingale kill and for that reason he continue to lose and lose ? I mean the OP lost 32 consecutive times, that is not normal by any means. Also it depends on which site you are playing as I do not trust all the sites to be fair. I doubt how it will be possible to face such longer streak of 32 losing bets? Because I just do the math and it shows they must need around 42 bitcoins in their bankroll given that they started their first bet with one satoshi. Freebitco.in is offering gambling only in BTC hence there will be no chances for gambling with any other coin ::).# Bet Amt in BTC Accumulated Amt in BTC ============================== 01 0.00000001 0.00000001 02 0.00000002 0.00000003 03 0.00000004 0.00000007 04 0.00000008 0.00000015 05 0.00000016 0.00000031 06 0.00000032 0.00000063 07 0.00000064 0.00000127 08 0.00000128 0.00000255 09 0.00000256 0.00000511 10 0.00000512 0.00001023 11 0.00001024 0.00002047 12 0.00002048 0.00004095 13 0.00004096 0.00008191 14 0.00008192 0.00016383 15 0.00016384 0.00032767 16 0.00032768 0.00065535 17 0.00065536 0.00131071 18 0.00131072 0.00262143 19 0.00262144 0.00524287 20 0.00524288 0.01048575 21 0.01048576 0.02097151 22 0.02097152 0.04194303 23 0.04194304 0.08388607 24 0.08388608 0.16777215 25 0.16777216 0.33554431 26 0.33554432 0.67108863 27 0.67108864 1.34217727 28 1.34217728 2.68435455 29 2.68435456 5.36870911 30 5.36870912 10.73741823 31 10.73741824 21.47483647 32 21.47483648 42.94967295 Average value of bitcoin in 2018 is around $5000, which means if OP gambled and lost (42*5000) ~$210k then that must be an enough money to hit in prime news channels. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: pilosopotasyo on May 03, 2020, 02:43:14 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings I'm a small-time gambler and yes I do martingale but I never go fast 10, or if my small funds will still allow me to go on, the longest I have been on a dice losing streak was only 10 it's hard to keep when you are in your bad day, you have no choice but to stop and only play with funds that you can afford to lose. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: onrise on May 03, 2020, 02:49:39 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings I'm a small-time gambler and yes I do martingale but I never go fast 10, or if my small funds will still allow me to go on, the longest I have been on a dice losing streak was only 10 it's hard to keep when you are in your bad day, you have no choice but to stop and only play with funds that you can afford to lose. I know martingale will not work for me as I do not have so much enough that keep doubling and keep adding the money to keep gambling it. Also I do not gamble as such to make money so not worth it. Only for people who want to make money or just play for it may be interested provided they can afford so much money to have with them. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: matchi2011 on May 03, 2020, 03:24:18 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings I'm a small-time gambler and yes I do martingale but I never go fast 10, or if my small funds will still allow me to go on, the longest I have been on a dice losing streak was only 10 it's hard to keep when you are in your bad day, you have no choice but to stop and only play with funds that you can afford to lose. I know martingale will not work for me as I do not have so much enough that keep doubling and keep adding the money to keep gambling it. Also I do not gamble as such to make money so not worth it. Only for people who want to make money or just play for it may be interested provided they can afford so much money to have with them. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Sativanaka on May 03, 2020, 03:33:28 PM Do you think that gambling casino are so intelligent that they detect that a person is going for a martingale kill and for that reason he continue to lose and lose ? I mean the OP lost 32 consecutive times, that is not normal by any means. Also it depends on which site you are playing as I do not trust all the sites to be fair. I doubt how it will be possible to face such longer streak of 32 losing bets? Because I just do the math and it shows they must need around 42 bitcoins in their bankroll given that they started their first bet with one satoshi. Freebitco.in is offering gambling only in BTC hence there will be no chances for gambling with any other coin ::).# Bet Amt in BTC Accumulated Amt in BTC ============================== 01 0.00000001 0.00000001 02 0.00000002 0.00000003 03 0.00000004 0.00000007 04 0.00000008 0.00000015 05 0.00000016 0.00000031 06 0.00000032 0.00000063 07 0.00000064 0.00000127 08 0.00000128 0.00000255 09 0.00000256 0.00000511 10 0.00000512 0.00001023 11 0.00001024 0.00002047 12 0.00002048 0.00004095 13 0.00004096 0.00008191 14 0.00008192 0.00016383 15 0.00016384 0.00032767 16 0.00032768 0.00065535 17 0.00065536 0.00131071 18 0.00131072 0.00262143 19 0.00262144 0.00524287 20 0.00524288 0.01048575 21 0.01048576 0.02097151 22 0.02097152 0.04194303 23 0.04194304 0.08388607 24 0.08388608 0.16777215 25 0.16777216 0.33554431 26 0.33554432 0.67108863 27 0.67108864 1.34217727 28 1.34217728 2.68435455 29 2.68435456 5.36870911 30 5.36870912 10.73741823 31 10.73741824 21.47483647 32 21.47483648 42.94967295 Average value of bitcoin in 2018 is around $5000, which means if OP gambled and lost (42*5000) ~$210k then that must be an enough money to hit in prime news channels. Idk what it could be wrong in your numbers bro, as I said I managed to get around 5 extra BTC from my deposit, so the total bankroll was about 10-11 BTC at that point. I just found this internet, it seems right because I remember that there was no room for a next bet since my balance was pretty much dead already. https://ibb.co/7KWHSY3 Using my config wich as I said it was multiply my bet by 61.8% after every lose. The multiply/bet odds was 3. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Tytanowy Janusz on May 04, 2020, 06:37:23 AM I wasn’t aware of the risk management while betting, I thought it was kinda reserved just for my trading activity, thanks God I din not lose that last roll, but as I mentioned. I never played anymore... Risk management is useless in gambling with luck-based games. It does not matter if you place a bet with 1% of your gambling wallet or 100% you still have the same odds of winning and reward if proportional to risk. Risk/money management is necessary only with games in which your opponent does not have statistic advantage over your. F.e Poker. That's why we have professional Poker players and 0 professional roulette players. Because with luck-based games there is only one factor that determines how much you win/lose - that's luck. Nice info in those thread, taking that in consideration, I was using the Martingale v4 that it shows there The fibbo progression... Fibbo progression had one of the worse results. Fibbo is too slow in compare to accumulated lost. Well i don't have impressive results. Code: Limit: How about lower limits? Code: Limit: Only 3,46% gamblers was able to double. With original martingale 39% gamblers beat casino. That's because Fibonacci function grow too slow. Means that after 10 lost bets next bet will be 89. Total loss will be 232 what gives net loss. That way you are constantly going down with your wallet. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Kong Hey Pakboy on May 04, 2020, 11:59:46 AM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. Well. My longest lose streak in a dice game using a martingale strategy is only 12. I suddenly stop when i lose in my 12th bet because i had enough losing more money, so i just prevented myself to lose all of my profit in just one day.In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: BitcoinTurk on May 04, 2020, 12:22:54 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings Generally, when I am gambling, if I start losing, I do not continue any longer, but in some cases, I may be continuing due to psychological factors and in this case I am constantly losing. I'm not entirely sure, but I remember I lost around 10-12 in a row the way you mentioned, because for more, either I can't afford it, or I manage to stop myself from playing more. Unfortunately, even though I know how to stop myself, I always lose long-term and spend my money by gambling. That's why when I am gambling, I deposit a small amount of money in my account in order not to spend a lot of money. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: deisik on May 04, 2020, 01:05:16 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in freebitco.in has an insane house edge of 5% or something to that tune So it is no surprise that you can lose 32 bets in a row on x2 multiplier (provided you have that much money in the first place). With a regular house edge of 1%, I've seen streaks of 28-29 losses, although on a somewhat higher multiplier (like 40% winning chance). People anecdotally report and I can confirm that variance (which is responsible for longer losing streaks) is surging with odds below 37% up to a point where it becomes completely unmanageable (read, don't try your luck and practice martingale at odds lower than 37%) Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: TheUltraElite on May 15, 2020, 06:07:06 AM Essentially the answer to your OP question is infinite. You can get as many reds/greens as the universe can give on any betting streak regardless of whether it is martingale or not. This is called luck and you cannot use martingale to evade your bad luck. If there was such a method then casinos would have gone bankrupt a long time ago. A real martingale assumes that the bankroll is infinite and that the maximum bet outcome is infinite too, which is false in real life gambling and so it will fail at one point, which site is the game on, is irrelevant.
In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. You should consider yourself lucky that it did not go beyond that.Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: 20kevin20 on May 15, 2020, 08:34:56 AM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. OP, if you'd be starting from 0.00000001 BTC with martingale means you'd need a total balance of 85.89934591 BTC to wager. Are you sure you've lost 32 times in a row? ;DIn my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings My largest loss streak was from 1 sat to .025 BTC. Hurt as hell to see the loss streak although it was when BTC was under $1k. Martingale is an ensured loss.. :D Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: bitcoin31 on May 15, 2020, 10:09:48 AM The longest streak of losses that I experinced that I remembered is only 10 plus if I estumated in the dice game.
Actually I did not count the losses because I focus in the winning amount of money not the longest break losses . Im shocked the others is 20 plus and for sure they lose more money on that day . Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: onrise on May 15, 2020, 10:16:29 AM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings I'm a small-time gambler and yes I do martingale but I never go fast 10, or if my small funds will still allow me to go on, the longest I have been on a dice losing streak was only 10 it's hard to keep when you are in your bad day, you have no choice but to stop and only play with funds that you can afford to lose. I know martingale will not work for me as I do not have so much enough that keep doubling and keep adding the money to keep gambling it. Also I do not gamble as such to make money so not worth it. Only for people who want to make money or just play for it may be interested provided they can afford so much money to have with them. A normal person would not be able to keep doubling the money and keep losing for 8-10 times in a straight go. If one is rationale, they know you can't keep losing money when that money is important for you and unless you are rich and even if lost some couple of thousand or hundred dollars it is not going to make any impact to you. then you can keep playing that way else one should be moving out of it. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: deisik on May 15, 2020, 10:31:40 AM Essentially the answer to your OP question is infinite. You can get as many reds/greens as the universe can give on any betting streak regardless of whether it is martingale or not. This is called luck and you cannot use martingale to evade your bad luck. If there was such a method then casinos would have gone bankrupt a long time ago Casinos don't go bankrupt for two major reasons And none of these reasons has anything to do with the requirement of an infinite bankroll of the gambler. The first reason is that casinos limit the amount you can win (yeah, regardless of whether it is martingale or not). And the second reason is that only a small (more like tiny) fraction of gamblers are using martingale in a way that could and would ruin a casino in the blink of an eye if there were no restrictions To keep it simple, just imagine there is only one player with a huge bankroll and a small house edge versus a huge number of small players with tiny bankrolls but still comparable to the first player's if added up. In this case, you could further reduce the showdown to just two players with equal bankrolls, one of which is using martingale against the other to overcome the latter's house edge. Who is going to bust sooner? Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: mmassad on January 28, 2021, 05:27:44 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. OP, if you'd be starting from 0.00000001 BTC with martingale means you'd need a total balance of 85.89934591 BTC to wager. Are you sure you've lost 32 times in a row? ;DIn my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings My largest loss streak was from 1 sat to .025 BTC. Hurt as hell to see the loss streak although it was when BTC was under $1k. Martingale is an ensured loss.. :D Hey, i was in 4% win-chance and it caught me on 316 rolls in a row! I was rolling about 7 days, made from 0.005 to 0.11. On 8º day i got 2 times stopped with the same initial amount. We cant beat the house, but it doesnt mean that we cant increase our chance to be lucky. Maybe if you got some dice settings that gives you a balanced double or nothing "strategy", and the loss or win of it is balanced, what about you divide your bankroll into, idk, 10, or even 20 sessions of martingaling the bankroll? At first look your chances to be successfull are higher than only setting some win chance and martingale increase. I think you have to be a lucky guy and stop about 10% of your bankroll with dice settings that goes in your favor the most, to have some chance to fight the casino as everybody tries. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Twentyonepaylots on January 28, 2021, 10:26:44 PM With martingale my longest lose streak was around 16. with my initial balance reaching at least 0.025 BTC if my mind serves me correctly. Definitely a big loss considering how high bitcoin would reach nowadays when I did this when it was still around 9k January 2020 or something. I rarely see people ever winning anyway in FreeBitcoin as that site is a sham. They literally do false advertisements where they say you're earning this and that but in reality, you're earning nothing because of very high house edge.
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: xSkylarx on January 29, 2021, 03:07:27 AM 14 lose streak if I remember way back 2018. I won some amounts before hitting that losing streak. I manage to double my capital that time but greediness won at that moment and in just a few seconds my bankroll becomes 0. I even attempted to recover it but ended in a failure. I feel very bad that time thinking that if I did not get greedy maybe I could buy something I want for myself.
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Genemind on January 29, 2021, 03:35:30 AM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. I "only" ever had around 16 streak loses, and it was wiped out all of my balance too since i thought i wouldn't facemore than 16 streak losses just in few bets after i started gambling, but it happened. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings 32streak losses? How big your bankroll back then to able survive more than 30 streak losses? Even if you only started with 1 sat, it will required so huge bankroll to do that Not that big, I made a deposit near to 5 BTC months before, lucky or no I managed to get around 10BTC. For the ones who asked, yes, thank God I did won. After that day I NEVER played anymore. Worse feeling I ever had it was think that I can lose all my BTC but if I decided to don’t bet higher I was accepting to loss around 75% of my whole bag. Things escalated really fast. Scary, truly scary. The main reason is to know the biggest streak, things has change since 2018, there is more casino who accept cryptocurrencies like XLM, RVN, DGB, so I gues your bankroll is “bigger” since the value of the coin is not that big. That is a huge bankroll, the longest one I had as far as I remember was 13 losing streak, I started with the lowest bet possible, and as far as I can remember my bankroll was just about $100, but I am not too certain about this since I stopped gambling for almost a year now because of my losing streak. If you are using martingale everything escalates fast and your hand sweats as your losing streak increases. LOL! Good thing you had your thrill and won on your last bet and stopped after winning. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: shoreno on January 29, 2021, 04:46:10 AM With martingale my longest lose streak was around 16. with my initial balance reaching at least 0.025 BTC if my mind serves me correctly. Definitely a big loss considering how high bitcoin would reach nowadays when I did this when it was still around 9k January 2020 or something. what was the settings of your martingale and how much is your starting bet and capital? reaching 0.025btc in just 16 bets sounds like your base bet and increase on loss is kinda bit high and why didnt you stop after reaching 0.02btc ? thats already a nice amount but i understand that greed can interfere in the wayI rarely see people ever winning anyway in FreeBitcoin as that site is a sham. They literally do false advertisements where they say you're earning this and that but in reality, you're earning nothing because of very high house edge. sham ? shame ? or you mean scam ? . freebitco is legit and i already win on their hi lo for a few times and if you can check on the freebitco thread there are also winners . Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: iamsheikhadil on January 29, 2021, 05:08:32 AM 32 losses consecutively?! That's pretty disastrously insane! I guess that's the reason we say no strategy works when it comes to sweet cool gambling ;D I tried martingale system in past and I guess I busted always my balance within 10-12 losses because I was playing big as compared to my bank roll. I never tried this strategy after because it's always so risky and gut wrenching!
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: mu_enrico on January 29, 2021, 11:21:12 AM There was a discussion here about the 67 losing streaks (https://bitcointalk.org/index.php?topic=5238015.msg56192251#msg56192251). Too bad the guy was necrobumping. He should have posted here for the lul as he said he lost 0.2 BTC with this.
Anyway, if you play long enough, and it's doable because of the rolling speed on auto mode, you can get more than 67. Scary? Well, if he used reverse martingale, he could be rich af. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: robelneo on January 29, 2021, 11:44:41 AM There was a discussion here about the 67 losing streaks (https://bitcointalk.org/index.php?topic=5238015.msg56192251#msg56192251). Too bad the guy was necrobumping. He should have posted here for the lul as he said he lost 0.2 BTC with this. Anyway, if you play long enough, and it's doable because of the rolling speed on auto mode, you can get more than 67. Scary? Well, if he used reverse martingale, he could be rich af. So far I'm all good now with my martingale strategy I'm doing this on Betfury I'm using straight martingale and doing it manually so I can track the movement and the combination, there's no exact strategy every time I gain my losses by doubling up I refresh and start over again, my longest losing streak was 12 I almost lost all my earned BFG token id it goes straight 15, just lucky it stopped on the 12th on the other gambling sites my longest was 20 and when you have this number you are wiped out. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: BuNga_cute on January 29, 2021, 11:45:04 AM I've been playing the Dice game since 2017, until now I haven't found an effective strategy. Mostly if we play long run we will definitely lose.
Indeed, the algorithm in the Dice game will make us lose if we play in the long run. For those who like playing Dice, the martingale strategy is what many gamblers use when playing Dice. But the problem experienced by gamblers when using the Martingale strategy, will experience a different longest streak of losses. I myself experienced 23 losses streak, this has been terrible for me. Especially for gamblers who experience above that number, I find it hard to imagine how much bankroll to spend. Therefore, my advice is that if you get a large enough profit when playing dice, stop immediately. Because if it continues it will definitely end badly. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: bitterguy28 on January 29, 2021, 12:04:54 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. Serious mate ?> freebitco.in is pointing very clear about their Probably fairness specially in their multiplier HI-LO game.In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings I have not try playing in their Dice but i have at least 18 straight losses in that HI-LO game. There was a discussion here about the 67 losing streaks (https://bitcointalk.org/index.php?topic=5238015.msg56192251#msg56192251). Too bad the guy was necrobumping. He should have posted here for the lul as he said he lost 0.2 BTC with this. What ? 67 straight failure ? that was very Bad and i hate this coming to me.Anyway, if you play long enough, and it's doable because of the rolling speed on auto mode, you can get more than 67. Scary? Well, if he used reverse martingale, he could be rich af. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: milewilda on January 29, 2021, 12:43:25 PM 32 losses consecutively?! That's pretty disastrously insane! I guess that's the reason we say no strategy works when it comes to sweet cool gambling ;D I tried martingale system in past and I guess I busted always my balance within 10-12 losses because I was playing big as compared to my bank roll. I never tried this strategy after because it's always so risky and gut wrenching! Losing streak length would really vary on the base bet and what multiplier you've been aiming and the amount of capital that you had.So results would really vary but the most common multipliers are on 2x and on using neither 1sat -100sats- 1000 sats or depending on whats the most minimal amount that a gambling site do had. Basing off on experience then i do experience 23-25 losing streak using 2x multiplier and i remember i do have 0.1 btc capital. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: plr on January 29, 2021, 01:16:52 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings 32 rolls are very bad and you will lose everything you have, I never experienced that and I guess I will not I'm only good at 15, the longest streak I've had was 20 enough to wipe out all I've got I left that gambling site, because it happens to me three times on that gambling site will not mention it because I'm still playing here but not on dice. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: o_e_l_e_o on January 29, 2021, 01:18:35 PM but the most common multipliers are on 2x and on using neither 1sat -100sats- 1000 sats or depending on whats the most minimal amount that a gambling site do had. So with a starting bet of only a single satoshi, after 23 loses in a row your next bet needs to be 0.08388608 BTC and you will already have spent 0.08388307 BTC. So after 23 losses in a row your strategy would have failed with a bankroll of 0.1 BTC and a starting bet of 1 satoshi and you wouldn't have the bankroll to continue.Basing off on experience then i do experience 23-25 losing streak using 2x multiplier and i remember i do have 0.1 btc capital. To be able to accept 25 losses in a row and still make the 26th roll with a starting bet of 1 satoshi, you need a bankroll of 0.67108863 BTC. A huge amount to risk given that when you win, you only end up in profit of a single satoshi. There was a discussion here about the 67 losing streaks (https://bitcointalk.org/index.php?topic=5238015.msg56192251#msg56192251). Slightly different since he says he was using a 2.1x multiplier, which due to the house edge of FreeBitco.in gives a ~45% chance of winning. So although still a very unlucky streak, it's a bit less rare than a 67 streak loss on a standard Martingale, but still goes to show why Martingale is a terrible strategy.Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Vaculin on January 29, 2021, 01:29:27 PM Mine I never lose more than 10 streak because my bankroll is only enough for 10 losing streak before I will go bankrupt.
I only have a small bankroll as I just make an experiment, honestly, this kind of experiment is just a waste of time as not all the time when you stop you are in profit, sometimes you are force to stop because you don't have anything to play anymore due to your losing streak has busted your entire bankroll. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Janation on January 29, 2021, 02:43:42 PM 14 lose streak if I remember way back 2018. I won some amounts before hitting that losing streak. I manage to double my capital that time but greediness won at that moment and in just a few seconds my bankroll becomes 0. I even attempted to recover it but ended in a failure. I feel very bad that time thinking that if I did not get greedy maybe I could buy something I want for myself. Wow, that is a long streak. I've been doing some auto bets in the past and as far as I know, the longest I have is that 7, or 8 streaks. That bet is also doubling up every time I lost so that is a huge amount when I was already taken back what I've lost. It is not that much of a bet but I think if those losses continue for more than two rolls, I will be emptying my funds. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: cabron on January 29, 2021, 05:56:42 PM 32 times is definitely the longest I know so far I would really shift from rollunder to rollover when a streak happens 3-4 times already. because by it it changes whatever the program had planned for the series of bets you are about to do. I wouldn't want to lose more after doubling the amount every time. change your stance if you lose 3-4 times and then if lose again you still will have to double the amount anyway. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Mahanton on January 29, 2021, 07:44:27 PM Not really a big time gambler thats why the maximum i had able to experience is 12-13x loss in a row until my capital bust into thin air.This really proves out that
martingale doesnt really work in any ways and this is the fastest way on burning up your money if you do believe that it would really just work or be an advantage into your side. To think off on the amount that you can profit after having a series of losses isnt really just worth in any angle but hence people do still keep using this very old and classic way of strategy into their gambling activity. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Fredomago on January 29, 2021, 07:47:32 PM Mine I never lose more than 10 streak because my bankroll is only enough for 10 losing streak before I will go bankrupt. I only have a small bankroll as I just make an experiment, honestly, this kind of experiment is just a waste of time as not all the time when you stop you are in profit, sometimes you are force to stop because you don't have anything to play anymore due to your losing streak has busted your entire bankroll. And most of the time instead of quitting while you already have quite decent earnings you are force to continue due to your greediness, thinking that it will add more. And you already found a winning patterns, not knowing that the house are just playing with your emotions, allowing you to feel comfortable without knowing that you are putting your guard down and in just a glimpse of an eye you'll lose everything. This martingale pattern can push up to more than 20 losing streak if you become aggressive in chasing your loses you'll just ending up losing your entire bankroll. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Botnake on January 29, 2021, 09:36:03 PM I think I have 12, I'm not really sure with it as I have already stopped playing dice seriously for quite sometime. Usually I do small bets in dice only, so even at a high losing streak it will not hurt my bankroll a lot, but I realized that martingale is not really an effective strategy in dice, actually no strategy is effective since this is a luck based game, our only way to win is just a pure luck regardless of the strategy we are using.
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: FinneysTrueVision on January 29, 2021, 09:53:06 PM The most is probably around 20 losses. That's about how much it would have taken to wipe out my balance at the places I usually play. I might've tried martingale with DOGE or LTC but when I was testing bot scripts with modified martingale strategy but I really don't remember my biggest loss streak because I just let it run without paying too close attention.
It is really a bad strategy and I do not recommend anyone use it but when you're an inexperienced gambler it is probably the first thing that you will try out. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: FlightyPouch on January 29, 2021, 10:04:07 PM Not really a big time gambler thats why the maximum i had able to experience is 12-13x loss in a row until my capital bust into thin air.This really proves out that martingale doesnt really work in any ways and this is the fastest way on burning up your money if you do believe that it would really just work or be an advantage into your side. To think off on the amount that you can profit after having a series of losses isnt really just worth in any angle but hence people do still keep using this very old and classic way of strategy into their gambling activity. I guess this depends on the gambler, right? There are still a lot of gamblers that still uses this betting system even though they know the risk that comes with it. Most of them have a huge fund that they can lose that the reason why they continue using it. Still, I read a lot of stories about them having a huge amount and still lost using this. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: dothebeats on January 29, 2021, 10:07:15 PM 21, and I called it a day. That was a bad streak IMO and since then, I swore to myself that I would never, ever, play Martingale or any such similar strategy ever again. While on paper it actually is a sensible idea to double it until you recoup the losses, in practice it isn't, especially if you are working on a very limited bankroll, Perhaps employing some stop-losses or brakes after X amount of loss would be fine before proceeding to your normal bet, though I get that the urge to win the money back is extremely high.
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: shield132 on January 29, 2021, 10:19:33 PM Mine I never lose more than 10 streak because my bankroll is only enough for 10 losing streak before I will go bankrupt. How small is your bankroll or how can you decide that it's enough for only 10 losing streaks? Are you betting with 10 satoshies? The worst experience that I have ever seen was on freebitco. But the curiosity starts when I left 0.05 bitcoin running of automated dice rolls and it was rolling on its own for 2-3 hours, imagine, 2-3 hours nonstop dice bets and I doubled the money. Before withdraw, I tried to just bet 1 satoshi until I would lose 25 bet in a row. Somehow, that lose time came very quickly but there wasn't a significant lose in overall, just some bucks. It was years ago, when I wasn't registered on bitcointalk and freebitco was the rising star. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: coin-investor on January 30, 2021, 01:50:40 AM 21, and I called it a day. That was a bad streak IMO and since then, I swore to myself that I would never, ever, play Martingale or any such similar strategy ever again. While on paper it actually is a sensible idea to double it until you recoup the losses, in practice it isn't, especially if you are working on a very limited bankroll, Perhaps employing some stop-losses or brakes after X amount of loss would be fine before proceeding to your normal bet, though I get that the urge to win the money back is extremely high. You really never know if the next roll will be in your favor that's what I'm always thinking, we will feel bad not to try to recover your losses, the temptation is really high to try your luck and win back your losses, on the auto you can set your stop loss but on the manual which I sometimes experimented, it's hard to stop yourself the what if keeps playing on your mind and it's hard to deal with it. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: iamsheikhadil on January 30, 2021, 04:39:11 AM 21, and I called it a day. That was a bad streak IMO and since then, I swore to myself that I would never, ever, play Martingale or any such similar strategy ever again. While on paper it actually is a sensible idea to double it until you recoup the losses, in practice it isn't, especially if you are working on a very limited bankroll, Perhaps employing some stop-losses or brakes after X amount of loss would be fine before proceeding to your normal bet, though I get that the urge to win the money back is extremely high. Even with a limited bankroll, if you bet with really very little amount, you can still get the profits slowly racked up using this strategy. The problem that happens with me is when I win little by little and the strategy starts to work perfectly (giving me consecutive or win after one or two losses), I start to bet big since I can't control temptation and somehow the casino gets to know it lmao and I lose in a losing streak. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: bitterguy28 on January 30, 2021, 05:11:00 AM 21, and I called it a day. That was a bad streak IMO and since then, I swore to myself that I would never, ever, play Martingale or any such similar strategy ever again. While on paper it actually is a sensible idea to double it until you recoup the losses, in practice it isn't, especially if you are working on a very limited bankroll, Perhaps employing some stop-losses or brakes after X amount of loss would be fine before proceeding to your normal bet, though I get that the urge to win the money back is extremely high. Even with a limited bankroll, if you bet with really very little amount, you can still get the profits slowly racked up using this strategy. The problem that happens with me is when I win little by little and the strategy starts to work perfectly (giving me consecutive or win after one or two losses), I start to bet big since I can't control temptation and somehow the casino gets to know it lmao and I lose in a losing streak. Even if this Luck or cheat ? the thing is never come too greedy . Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: romero121 on January 30, 2021, 05:22:49 AM There are successful people out of the martingale strategy. This requires huge bankroll and luck, I don't remember the length of the losing streak, but I failed continuously starting from the value of $10, I kept increasing the bet value and the final bet value was about $330. In that losing streak the total loss was about $2700 worth of ethereum when the price of ethereum was around $1350.
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: RealMalatesta on January 30, 2021, 08:00:35 AM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. Honestly I have one of the shocking ones as well, sure we have seen bigger numbers before but actually living it is something else. I had a 22 loss streak, and that was one of the worst days of my life, I actually tried to calculate my wager based on 20 loss streak would not bankrupt me, so that means I had chance to lose as much as 20 and still would recover on 21st bet if I won, and somehow I still managed to lose 21 in a row, and had a payment coming my way during that time and deposited there as well and lost that too right back so it became 22 in a row loss.In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. I have to say I would agree that it was provably fair, it was just-dice back in 2014 or so when it became super popular with their first off-chain betting system (either them or primedice was the first) and I gambled for many times before I had that 22 loss streak, but life happens, what can I do. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: ReiMomo on January 30, 2021, 09:14:40 AM There are successful people out of the martingale strategy. This requires huge bankroll and luck, I don't remember the length of the losing streak, but I failed continuously starting from the value of $10, I kept increasing the bet value and the final bet value was about $330. In that losing streak the total loss was about $2700 worth of ethereum when the price of ethereum was around $1350. Wow, that is a very impressive winning amount, from a small amount and it turns to a big amount of money. I guess I can do martingale betting on dice and once I hit the 5 winnings streak I will quit, lol. The martingale betting on dice is very risky, in just one loss it will wipe out all your balance. It is good if you have a big capital amount to support the bankroll if ever you fail the first capital you put in.For me, I experienced 10 winning streaks in a row, in every roll of the dice, I stop breathing and cross my fingers that hoping I will win, luckily I have reached until 10 win streak and I decided to stop. I think that is good then too much greed. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Alucard1 on January 30, 2021, 09:51:36 AM I only have 5 times lose streak ever in my dice losses, I cannot handle continuous losses so I will quit playing if it seems to be a long losing streak, I don't want to add a losing streak to my gambling experience, and don't want to make my balance zero. If it seems so unlucky for this day then I can do it again for tomorrow and try again my luck. I just wonder how you handle a 32 lose streak, I don't know if you are saying the truth about it.
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: robelneo on January 30, 2021, 01:26:40 PM I only have 5 times lose streak ever in my dice losses, I cannot handle continuous losses so I will quit playing if it seems to be a long losing streak, I don't want to add a losing streak to my gambling experience, and don't want to make my balance zero. If it seems so unlucky for this day then I can do it again for tomorrow and try again my luck. I just wonder how you handle a 32 lose streak, I don't know if you are saying the truth about it. You are a responsible gamer because you can control yourself, it's not easy controlling your emotion, there's always a temptation to continue and try to recover your losses because every bet is a mystery, it could either make or break, the martingale is a big trap it's hard to control the next roll you can only control your emotion to avoid losses. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Cling18 on January 30, 2021, 02:36:08 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. I "only" ever had around 16 streak loses, and it was wiped out all of my balance too since i thought i wouldn't facemore than 16 streak losses just in few bets after i started gambling, but it happened. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings 32streak losses? How big your bankroll back then to able survive more than 30 streak losses? Even if you only started with 1 sat, it will required so huge bankroll to do that Not that big, I made a deposit near to 5 BTC months before, lucky or no I managed to get around 10BTC. For the ones who asked, yes, thank God I did won. After that day I NEVER played anymore. Worse feeling I ever had it was think that I can lose all my BTC but if I decided to don’t bet higher I was accepting to loss around 75% of my whole bag. Things escalated really fast. Scary, truly scary. The main reason is to know the biggest streak, things has change since 2018, there is more casino who accept cryptocurrencies like XLM, RVN, DGB, so I gues your bankroll is “bigger” since the value of the coin is not that big. That was a smart strategy. It's actually isn't about being a coward or not having the willingness to take the risks but it's about assuring your profit. Sometimes, we should really know when to stop, and to be honest, 10 BTC isn't a joke anymore. It's a good idea that you didn't risk your 10BTC to bet again because you'll surely have a big regret if you'll lose it again. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Natsuu on January 30, 2021, 02:40:05 PM Whoa, this thread calls me really poor in different languages.
I've done 5 lose streaks, and Im done for it. I've never used the strat as I believed that 5 lose streak is enough for me to see that there is no way that this will give me winnings. And yeah, I have no regrets and been doing different bets ever since. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: fiulpro on January 30, 2021, 05:10:55 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings Hi What I do know is this stuff is quite common but loosing 32 times ? This is actually very tough. I did have like 100$ and I kept on loosing for like 8+ times and used most of my balance and then I literally stopped after that. So I didn't really count how more it would go further but the only thing that made me go this far was the fact that I did win a couple of times in the beginning but after that it was all sad. I guess it just depends on the luck and nothing else. Therefore I do believe that you should pause for a while , clear your cookies, you can even try making sure you play after a while. Might just be a bad luck. Whoa, this thread calls me really poor in different languages. That's really good. You did realize after 5 streaks that the luck was not on your side and made a good decision therefore I believe it was a really wise decision. I've done 5 lose streaks, and Im done for it. I've never used the strat as I believed that 5 lose streak is enough for me to see that there is no way that this will give me winnings. And yeah, I have no regrets and been doing different bets ever since. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Hamphser on January 30, 2021, 06:56:16 PM Whoa, this thread calls me really poor in different languages. Im also doing random bets when it comes to multipliers that i do set.Sometimes i do go for double or even hunting for 99x or even more.So it will vary into my mood I've done 5 lose streaks, and Im done for it. I've never used the strat as I believed that 5 lose streak is enough for me to see that there is no way that this will give me winnings. And yeah, I have no regrets and been doing different bets ever since. on where i do tend to switch it between multipliers.When it comes on streaks then the most unforgettable one is on hitting 18 streaks which did really wipe off my balance in short time.Im not using up any martingale though because if i do then that wouldnt really be lasting so long.Im enjoying on doing manual roll push buttons rather than going for automation. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: electronicash on January 30, 2021, 07:24:15 PM when you experience the longest losing streak even to a casino, will you ever still come back to try out the martingale or seriously think that the casino is not fair? i have had to share the same losing streak up to 10 but not more than that, i usually stop when i see that I'm losing consecutively because i rapidly roll the dice one after another. but i sure would think the losing streak seem a plat to take all my coins. i would likely try to verify the fairness after. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: CarnagexD on January 30, 2021, 10:38:38 PM Longest streak I ever had at losing was around 16 to 20. At some point in losing you just lose hope, you just want to see how it will pan out in the end that's why I let it slide that far and that many a games before I said quits. That's why I devised a plan to stop, always stop evrtytime I lose 3 games. Not more or less than 3, that way I can control my spendings and I don't mess with my mentals by keeping up an already lost cause to carry on.
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: robelneo on January 31, 2021, 01:40:53 AM when you experience the longest losing streak even to a casino, will you ever still come back to try out the martingale or seriously think that the casino is not fair? i have had to share the same losing streak up to 10 but not more than that, i usually stop when i see that I'm losing consecutively because i rapidly roll the dice one after another. but i sure would think the losing streak seem a plat to take all my coins. i would likely try to verify the fairness after. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: panganib999 on January 31, 2021, 05:59:32 AM Longest streak I ever had at losing was around 16 to 20. At some point in losing you just lose hope, you just want to see how it will pan out in the end that's why I let it slide that far and that many a games before I said quits. That's why I devised a plan to stop, always stop evrtytime I lose 3 games. Not more or less than 3, that way I can control my spendings and I don't mess with my mentals by keeping up an already lost cause to carry on. Wow. That's a lot or a long streak of losing. I think for me, I can say my longest losing streak was estimatedly 8 or 9 to 10. I don't know when was that. I can't barely remember because it is a long time ago but it is that low because that time I used to read and asked some people who are gambling. I asked them about it and asked some knowledge for them to help me. I didn't know what could possibly happen to me if I am not that aware in that time but I can say that it surely help me to avoid a long such streak of losing. But of course these loses also make me what I am today, a simple gambler who always been careful for its profits. And I believe losing is a experience and experience will always be the best profit. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: robelneo on January 31, 2021, 06:35:32 AM I guess this depends on the gambler, right? There are still a lot of gamblers that still uses this betting system even though they know the risk that comes with it. Most of them have a huge fund that they can lose that the reason why they continue using it. Still, I read a lot of stories about them having a huge amount and still lost using this. If you are new to the dice game, the temptation to use martingale is very tempting it will just present it to you while you are playing because the idea of doubling up every time you lose is very tempting, until now there is no guarantee that you can beat martingale even if you have a big bankroll, it's better to do a lot of variation than the straight martingale, and if you are doing auto be sure you know where you stop loss amount and you are comfortable on it. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Yamifoud on January 31, 2021, 07:06:55 AM Five consecutive times straight losses, I'd have to step back and relax. That simply means bad luck for me and have to wait for that long before stopping. Because sometimes, I've been lucky later part of the game that was I supposed to wait.
I can't imagine gamblers who really wanted to keep the whole day in losses and the same scenario by tomorrow. That ripping me out and I can't afford myself doing like that, losing my money, might better to stop and take a breath. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: newwest on January 31, 2021, 08:48:40 AM I guess this depends on the gambler, right? There are still a lot of gamblers that still uses this betting system even though they know the risk that comes with it. Most of them have a huge fund that they can lose that the reason why they continue using it. Still, I read a lot of stories about them having a huge amount and still lost using this. If you are new to the dice game, the temptation to use martingale is very tempting it will just present it to you while you are playing because the idea of doubling up every time you lose is very tempting, until now there is no guarantee that you can beat martingale even if you have a big bankroll, it's better to do a lot of variation than the straight martingale, and if you are doing auto be sure you know where you stop loss amount and you are comfortable on it. For martingale only if you have big money it may work else you may end up losing a lot. Again it depends the risk taking ability, like for example I lost badly as got 6 around straight losses and then dint had more money to put do double that amount so in the end had to stop and accept with bigger loss rather than me stopping at 2-3 straight losses their itself. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: JohnBitCo on January 31, 2021, 08:59:00 AM I guess this depends on the gambler, right? There are still a lot of gamblers that still uses this betting system even though they know the risk that comes with it. Most of them have a huge fund that they can lose that the reason why they continue using it. Still, I read a lot of stories about them having a huge amount and still lost using this. If you are new to the dice game, the temptation to use martingale is very tempting it will just present it to you while you are playing because the idea of doubling up every time you lose is very tempting, until now there is no guarantee that you can beat martingale even if you have a big bankroll, it's better to do a lot of variation than the straight martingale, and if you are doing auto be sure you know where you stop loss amount and you are comfortable on it. In early days when i started gambling i also thought that martingale is a strategy through which one cannot lose if one have a big bankroll. I used to use this martingale strategy until one day i got rekt with it and lose all my balance. After that day, i avoid this strategy in dice. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Mauser on January 31, 2021, 10:10:10 AM One time in a casino I saw at the roulette table that at least 10 times in a row the number was red. Two friends of mine and me decided to go over to the table and just all our money to bet on Black with a martingale strategy. In the end we lost all, in total we saw 15 times Red and one time the 0. I m just glad we didn't have so much money left that evening to begin with.
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Shasha80 on January 31, 2021, 11:55:54 AM ~snip~ If you are new to the dice game, the temptation to use martingale is very tempting it will just present it to you while you are playing because the idea of doubling up every time you lose is very tempting, until now there is no guarantee that you can beat martingale even if you have a big bankroll, it's better to do a lot of variation than the straight martingale, and if you are doing auto be sure you know where you stop loss amount and you are comfortable on it. What you experience is done by most of the people when they first play Dice games too, relying on the martingale strategy. And supposing a large bankroll can be successful with a martingale strategy, but in fact it will definitely deplete the entire bankroll. Indeed, there is no effective strategy when playing Dice, in the end gamblers will always lose. But there is no need to avoid the martingale strategy. Sometimes we really need to use the martingale strategy, but we have to limit its use. And must be varied with other strategies. And important advice for those who want to succeed in getting a profit when playing Dice is that we have to be able to stop when we win. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: pawanjain on January 31, 2021, 01:43:50 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings 32 times ? What The holy F*** That must have been terrible ! So even if you started with 1 and used a martingale of 2x on lose your total loss would have been around 30 - 60 BTC That's some insane amount. And you would have got just 1 satoshi if you would win on 32x streak. That's just absolute craziness. Either you are lying or that is the craziest shit every happened bro. I have tried martingale too but on lower levels. I had decreased my profit ratio to increase my chances of winning and lost about 7-8 times in a streak. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Fredomago on January 31, 2021, 01:49:37 PM In dice games, I have experienced up to 20X being busted when I tried to use Vps when playing a dice game to find out how many long reds occurred as a sample. but what really affects is the game seed. I have also tried to use Payout 1.01 Never been up to 4X red. My advice if you intend to bet for a long time, do the calculation on your base bet before you make a bet It will work if luck permits you, but even how hard you'll going to calculate your base bet once losing streak start to appear it can't be controlled and chances that you'll be busted along the way. You need to assess each games that you'll going to do, there's no certainty in terms of losing and winning streak it's just how you handle each opportunities that you've got and well you also accept defeats as part of this gambling activity. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: robelneo on January 31, 2021, 03:21:26 PM Just hours ago I lose half of my BFG tokens playing from Betfury which I stake for daily profit, I have things calculated I am doing it manually and have set up a stop loss, but due to greed I opted to go on, thinking that I need to recover my BFG tokens, glad that I control myself in time and reset my betting, glad I did because if not I could have lost everything, martingale and greed can wipe everything you have.
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: FlightyPouch on January 31, 2021, 03:44:59 PM In dice games, I have experienced up to 20X being busted when I tried to use Vps when playing a dice game to find out how many long reds occurred as a sample. but what really affects is the game seed. I have also tried to use Payout 1.01 Never been up to 4X red. My advice if you intend to bet for a long time, do the calculation on your base bet before you make a bet I don't think VPNs would affect your gambling activities on a gambling site unless they are not permitting you to use those VPNs. At that point, I don't think you would be able to have access to the site if they are not allowing VPNs. What happened to you is not because of the VPN but maybe just because you are unlucky that day. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Fredomago on January 31, 2021, 05:25:48 PM Just hours ago I lose half of my BFG tokens playing from Betfury which I stake for daily profit, I have things calculated I am doing it manually and have set up a stop loss, but due to greed I opted to go on, thinking that I need to recover my BFG tokens, glad that I control myself in time and reset my betting, glad I did because if not I could have lost everything, martingale and greed can wipe everything you have. Better than losing everything. You said it right, greed using martingale will ends you up losing a lot or even busted everything, controlling your emotion is very important. If you got aggressive and unable to manage to stop, the worst thing may happened. For now you still have some and if you are planning to play again, you needed to plan more and focus with any strategy that you are thinking to use, staying with your pattern will give you small chances to win, not exactly high but if you stay with it there's some that may take place for you to recover. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Mahdirakib on January 31, 2021, 06:36:07 PM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. 32 times ? ~In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings That must have been terrible ! So even if you started with 1 and used a martingale of 2x on lose your total loss would have been around 30 - 60 BTC That's some insane amount. And you would have got just 1 satoshi if you would win on 32x streak. That's just absolute craziness. ~ Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: South Park on January 31, 2021, 07:09:11 PM 21, and I called it a day. That was a bad streak IMO and since then, I swore to myself that I would never, ever, play Martingale or any such similar strategy ever again. While on paper it actually is a sensible idea to double it until you recoup the losses, in practice it isn't, especially if you are working on a very limited bankroll, Perhaps employing some stop-losses or brakes after X amount of loss would be fine before proceeding to your normal bet, though I get that the urge to win the money back is extremely high. There are several reasons why something like martingale will never work, the first one is the one you stated which is as there is a limit to your capital then as long as you keep playing there it will come a point in which you will lose enough times in a row to lose all your capital, the second problem is that casinos have limits about how much money you can make in a single bet and the moment you reach that limit is when you cannot use martingale any longer and your losses are assured, and finally it is also known no betting pattern changes the probabilities of the game and you are bound to lose anyway over the long term.Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: imstillthebest on February 04, 2021, 06:44:03 PM In dice games, I have experienced up to 20X being busted when I tried to use Vps when playing a dice game to find out how many long reds occurred as a sample. but what really affects is the game seed. I have also tried to use Payout 1.01 Never been up to 4X red. My advice if you intend to bet for a long time, do the calculation on your base bet before you make a bet I don't think VPNs would affect your gambling activities on a gambling site unless they are not permitting you to use those VPNs. At that point, I don't think you would be able to have access to the site if they are not allowing VPNs. What happened to you is not because of the VPN but maybe just because you are unlucky that day. not sure if he means vpn because what he wrote is vps and he was doing a testing but we dont need a vps or a vpn to know if how much losses we got because every casino has a history tab where you can check all data's . we dont need to worry about him because it was just a sample but if he will try playing for real his luck can change and can win the bet this time . 1.01x payout has a high chance of winning and its normal that you cant get crazy number of reds but 3 to 4 reds is unavoidable . Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Oilacris on February 04, 2021, 07:48:40 PM In dice games, I have experienced up to 20X being busted when I tried to use Vps when playing a dice game to find out how many long reds occurred as a sample. but what really affects is the game seed. I have also tried to use Payout 1.01 Never been up to 4X red. My advice if you intend to bet for a long time, do the calculation on your base bet before you make a bet I don't think VPNs would affect your gambling activities on a gambling site unless they are not permitting you to use those VPNs. At that point, I don't think you would be able to have access to the site if they are not allowing VPNs. What happened to you is not because of the VPN but maybe just because you are unlucky that day. not sure if he means vpn because what he wrote is vps and he was doing a testing but we dont need a vps or a vpn to know if how much losses we got because every casino has a history tab where you can check all data's . we dont need to worry about him because it was just a sample but if he will try playing for real his luck can change and can win the bet this time . 1.01x payout has a high chance of winning and its normal that you cant get crazy number of reds but 3 to 4 reds is unavoidable . Vps? For what reason? Maybe he do make out those very minimal multiplier and didnt have ample time to check out everytime on whats the status specially if he had really need to turn off his pc or away from keyboard and since he do make use of VPS then that would really be continuing to run. Overall, i dont see for the relevance of its usage since we can really indeed test out and see for ourselves in regards with stats or history of your best. Im not really that confident enough on betting 1.01x multiplier even the high chance wont really give out guarantee.Losing streak doesnt really only limit out to 3-4x into this odds. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: RealMalatesta on February 06, 2021, 04:24:41 PM One time in a casino I saw at the roulette table that at least 10 times in a row the number was red. Two friends of mine and me decided to go over to the table and just all our money to bet on Black with a martingale strategy. In the end we lost all, in total we saw 15 times Red and one time the 0. I m just glad we didn't have so much money left that evening to begin with. The real life casinos are rigged in some cases so did you checked for the magnet below the table? :D.15 times getting red is quite strange because I know each time they spin the chances are basically 50% or maybe 48% since there is a green 0 on the table mostly. But even then 15 times is too much and now since you mentioned it was a real life casino, I am actually starting to think it was surely rigged. Personally I don't use martingale strategy too much but I had a losing streak of around 12 on PrimeDice long time ago and that is where I actually learned how provably fair works. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: just_Alice on February 06, 2021, 11:58:58 PM One time in a casino I saw at the roulette table that at least 10 times in a row the number was red. Two friends of mine and me decided to go over to the table and just all our money to bet on Black with a martingale strategy. In the end we lost all, in total we saw 15 times Red and one time the 0. I m just glad we didn't have so much money left that evening to begin with. The real life casinos are rigged in some cases so did you checked for the magnet below the table? :D.15 times getting red is quite strange because I know each time they spin the chances are basically 50% or maybe 48% since there is a green 0 on the table mostly. But even then 15 times is too much and now since you mentioned it was a real life casino, I am actually starting to think it was surely rigged. Personally I don't use martingale strategy too much but I had a losing streak of around 12 on PrimeDice long time ago and that is where I actually learned how provably fair works. Speaking from personal experience - 16 unfortunate bets in a row are possible! That's my experience with Martingale..never used any "betting strategies" since then. At first, I earned around 20$ very quickly, but then I lost it all in like 5 minutes, plus lost the 40$ I had in there deposited, it was on the PrimeDice too, by the way. Wait, are you implying that PrimeDice is rigged? Or have I missed something? :D But just theoretically speaking, from a probability point of view it can happen, however, the odds of that (if playing 50/50 chance, as I did, or in the case of roulette red/black) are, if my math is correct, 1 in 65,536, which seems rather rear... Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: chaser15 on February 07, 2021, 12:24:07 AM 15 times getting red is quite strange because I know each time they spin the chances are basically 50% or maybe 48% since there is a green 0 on the table mostly. But even then 15 times is too much and now since you mentioned it was a real life casino, I am actually starting to think it was surely rigged. 15 times is not strange. It was bound to happen even with less than 1% house edge so just imagine the chances for that to happen on a much higher house edge like Freebitco or Yobit dice (not promoting this to be clear, just an example). Same goes for the physical casinos. Martingale is good for those who win. Martingale is bad for those who lose. That's the impression of the martingale form of betting. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: ShowOff on February 07, 2021, 12:52:48 AM The Martingale strategy is one of the gambling strategies I have tried before and on several occasion I have found it very useful. But in my opinion this strategy will not be useful in the long run because whatever strategy we use, the house will always win in the end.
A little note from me about this strategy that previously I only lost 13 consecutive attempt and it was the highest number of losses before I finally won in 14 attempt. This strategy on the one hand is fun, but if you don't have enough capital then I'm sure all will be gone in no time. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Wexnident on February 07, 2021, 01:04:03 AM One time in a casino I saw at the roulette table that at least 10 times in a row the number was red. Two friends of mine and me decided to go over to the table and just all our money to bet on Black with a martingale strategy. In the end we lost all, in total we saw 15 times Red and one time the 0. I m just glad we didn't have so much money left that evening to begin with. The real life casinos are rigged in some cases so did you checked for the magnet below the table? :D.15 times getting red is quite strange because I know each time they spin the chances are basically 50% or maybe 48% since there is a green 0 on the table mostly. But even then 15 times is too much and now since you mentioned it was a real life casino, I am actually starting to think it was surely rigged. Personally I don't use martingale strategy too much but I had a losing streak of around 12 on PrimeDice long time ago and that is where I actually learned how provably fair works. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: robelneo on February 07, 2021, 02:50:17 PM I myself experienced 23 losses streak, this has been terrible for me. Especially for gamblers who experience above that number, I find it hard to imagine how much bankroll to spend. Therefore, my advice is that if you get a large enough profit when playing dice, stop immediately. Because if it continues it will definitely end badly. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: onrise on February 07, 2021, 04:53:54 PM I myself experienced 23 losses streak, this has been terrible for me. Especially for gamblers who experience above that number, I find it hard to imagine how much bankroll to spend. Therefore, my advice is that if you get a large enough profit when playing dice, stop immediately. Because if it continues it will definitely end badly. It really require courage to even reach till 20, though it depends upon how value of worth you started with as doubling in every game will end up with big amount even after 10 so till 20 can understand you might lose a lot of money . In Martinangle always better to set before start of game that only will play till those many rounds and afford to lose that much max as their is no guarantee after how many rounds you will end up winning . Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: babygun on February 07, 2021, 05:54:06 PM Just hours ago I lose half of my BFG tokens playing from Betfury which I stake for daily profit, I have things calculated I am doing it manually and have set up a stop loss, but due to greed I opted to go on, thinking that I need to recover my BFG tokens, glad that I control myself in time and reset my betting, glad I did because if not I could have lost everything, martingale and greed can wipe everything you have. I have had the same before. You loose a bet, want to recover it and place a higher bet. You again loose and keep increasing and increasing your betsize until you go bankrupt. I think every gambler can relate to this feeling. Luckily you have controlled yourself and didn't loose everything. My longest negative streak was 13 and lost already everything thanks to martingale :(. So I know that martingale doesn't work in the long end, but still play it from time to time. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: FatFork on February 07, 2021, 06:44:39 PM I myself experienced 23 losses streak, this has been terrible for me. Especially for gamblers who experience above that number, I find it hard to imagine how much bankroll to spend. Therefore, my advice is that if you get a large enough profit when playing dice, stop immediately. Because if it continues it will definitely end badly. It's often useful to cut back on the funds that are easily available to you for gambling. I like to put most of my crypt on some form of cold storage, like a hardware wallet, so I won't be tempted to lose control and gamble it all. When it comes to gambling, we have to be creative to defeat our own alter ego. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Mauser on February 07, 2021, 07:36:24 PM Just hours ago I lose half of my BFG tokens playing from Betfury which I stake for daily profit, I have things calculated I am doing it manually and have set up a stop loss, but due to greed I opted to go on, thinking that I need to recover my BFG tokens, glad that I control myself in time and reset my betting, glad I did because if not I could have lost everything, martingale and greed can wipe everything you have. I have had the same before. You loose a bet, want to recover it and place a higher bet. You again loose and keep increasing and increasing your betsize until you go bankrupt. I think every gambler can relate to this feeling. Luckily you have controlled yourself and didn't loose everything. My longest negative streak was 13 and lost already everything thanks to martingale :(. So I know that martingale doesn't work in the long end, but still play it from time to time. Experiencing a loss streak of 13 and higher us just devastating and might ruin your hole bankroll. It's hard to know when to stop because with only 1 win we would recover all our previous losses. In the end there is so much luck involved in gambling. We need a regular beside our gambling activities to cover our potential loses and help us to keep playing on a regular basis. However if we don't play we don't have the upside potential at all. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: 2double0 on February 07, 2021, 07:54:31 PM I once had 12 btc on my account at primedice (very old days) and managed to double it. Then I don't know what happened to my mind and I suddenly changed it to auto, where I kept the base bet at 125 sats and did martingale, I got a long losing streak of 24 bets which ate my 21 btc and left me with just 3 btc and I lost them too by manually gambling and trying to recover the loss. :'(
Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: TheGreatPython on February 07, 2021, 08:57:14 PM Just hours ago I lose half of my BFG tokens playing from Betfury which I stake for daily profit, I have things calculated I am doing it manually and have set up a stop loss, but due to greed I opted to go on, thinking that I need to recover my BFG tokens, glad that I control myself in time and reset my betting, glad I did because if not I could have lost everything, martingale and greed can wipe everything you have. You are so right and its not easy to stop when you are losing because frustration creeps into mind and I have had countless nights in past when I was gambling and once I start losing I get more and more frustrated and sometimes I just kept betting because I felt now since I have lost so much there is a good chance to win back some.Martingale is deadly and 7-8 lose streak is easy and very common to get either on winning side or losing. The real problem is that if you get lets say 10 wins in a row and you are betting 100 satoshi then you only win 1k satoshi but the same happens during losing then you will lose 51.2k satoshi which is humongous! Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: qwertyup23 on February 08, 2021, 03:24:46 AM I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users. In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in. Greetings I remember, me and my brother visited a casino in our home country. We just received our monthly savings from our parents and my brother decided to gamble half of his savings since we will be going on a vacation on the next day. He had around $500 at that time and he started gambling $2 from betting either RED, BLACK, or GREEN colors. He lost 8 consecutive times which amounted to $256. At his last bet, he used his personal money and he actually won $1024 and from there, we stopped playing. I usually recommend the martingale strategy of betting if you have sufficient capital to fund your every bet. The reason on why you bet twice the amount every time you loss is that you can recover such losses in one bet. Though risky if you have a losing streak, but as long as you have the money to fund every bet, then I highly recommend this strategy. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: magneto on February 08, 2021, 06:11:58 AM Why does this matter?
The answer depends entirely on the house edge that the player plays on and his luck on the day. Just because someone hasn't hit 40 reds in a row doesn't mean that it won't happen probabilistically. I've personally only seen around 17-18 reds in a row at max for 50/50, but I've heard stories of way worse. Remember that you cannot "plan" your bankroll to absorb these losses and expect to turn a profit by using martingale - your EV at the end of the day is still the same. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: ethereumhunter on February 08, 2021, 12:04:40 PM I once had 12 btc on my account at primedice (very old days) and managed to double it. Then I don't know what happened to my mind and I suddenly changed it to auto, where I kept the base bet at 125 sats and did martingale, I got a long losing streak of 24 bets which ate my 21 btc and left me with just 3 btc and I lost them too by manually gambling and trying to recover the loss. :'( If you still have that 12 btc or at least 7 btc, that will make a lot of money. I am sure you can learn from the mistake, and you do not try to recover your losses because to recover 12 btc will need a long time and needs huge money to start. But if you have luck, you can get 12 btc in a short time. We all have the biggest losses we got from gambling, but that does not mean we should recover the losses because that can add more losses to us. We should think about the future that we want to change, and if we are still playing gambling, the chance for us to get better will not be too big. Title: Re: What has been your longest streak of dice losses using martingale ..? Post by: Fredomago on February 08, 2021, 08:40:01 PM Just hours ago I lose half of my BFG tokens playing from Betfury which I stake for daily profit, I have things calculated I am doing it manually and have set up a stop loss, but due to greed I opted to go on, thinking that I need to recover my BFG tokens, glad that I control myself in time and reset my betting, glad I did because if not I could have lost everything, martingale and greed can wipe everything you have. I have had the same before. You loose a bet, want to recover it and place a higher bet. You again loose and keep increasing and increasing your betsize until you go bankrupt. I think every gambler can relate to this feeling. Luckily you have controlled yourself and didn't loose everything. My longest negative streak was 13 and lost already everything thanks to martingale :(. So I know that martingale doesn't work in the long end, but still play it from time to time. Yes, that can happen. You can become bankrupt sooner or later. Although this scheme works with other games. But the chances of losing everything are always there. Especially when the excitement makes you stop thinking rationally. My biggest losing streak was at 17, and by some miracle I almost got it all back. Good thing that you almost recover those losses, better than losing everything. You are correct, once excitement and greed feds up you'll almost forget to think rationally, thinking that luck is always there and keeps you in the winning side. Only to realize that everything just went out and your losing streak emptied your funds. Luck plus good timing gives you privilege to win over the house, you need to think wiser and always ahead. small earnings is better than losing your money, the way martingale provides is for short run with small gain, expect that in the long run it will sucked up better to expect to avoid losing everything,. |