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Martingale is commonly used strat to try to make 'profit' in gambling, that is until one falls face first, and the win one anticipates to come to cover one's previous bet losses takes too long to happen and before they realize their entire bankroll is wiped out with one single bet.

Question being, what's longest streak of losses you have gone through while trying martingale? If you remember?

I'd love to answer my own question, but I don't remember  ;D

Edit: I meant 2x multiplier here, and I wrote this thinking dice, but you can share your experience with any game chasing x2 multiplier.

Edit 2: Title.

I am not the kind of guy that believes in gambling strategies but I do know that this strategy takes an unbelievable amount of confidence to pull off. When the losses start piling up and your bets start doubling, you can get in trouble really fast. It’s best to stick to gambling for entertainment purposes.

Neither am I, but before people come to realize that gambling is best taken as entertainment, they will try to make money off it, and in doing so, they'll be trying various strategies and martingale being most common among them.

Over 1 million... When you are chasing x1 million on Limbo, expect a lot of red... Of course, you start by picking a cheap coin and starting from a min bet. You can't use the classic Martingale strategy and raise your bet after every round... instead, you increase it every 1k-10k bets.

I answered the question the way you asked it... I guess you should specify which multiplier you are talking about, and maybe which game... Chasing x2 isn't the same as chasing x99, so you can't use the same setup... especially if you're playing in auto mode.

By the way, the longest streak of losses on x2 over 40 reds... I am not sure if it's 43 or 44, I got busted and didn't have balance for the next bet. For x1.5 over 10 reds is not unusual, and if I remember correctly, once I experienced 15-16 reds. x99 is tricky, and it's over 3k-4k.

Martingale is one of the dumbest strategy to Gamble, which I will never advice anyone to try it. I have never used martingale strategy before, talk more of the duration I have lasted losing a streak. I even knew about the martingale strategy in this forum so I may not be in good position to answer that question but maybe others who do may well come and explain themselves  ;D besides I have never heard any good news from anyone who made it through martingale. If there is then it should be few people.

I can fully remember it. I am playing dice game in BCH.Games because they have the lowest minimum bet and fast paced gameplay, and I actually do create my own Excel file to compute how much I can endure my losses and it's actually around 18-20 consecutive losses. My target is 3x and if I can remember my strategy is I start with the lowest bet 0.00000001 and after I lose I will bet again with the same amount and if I lose again I will add my two previous bet so 1, 1, 2, 3, 5, 8 and so on.

and guess what? There's really a time that I lost but I actually expected it in the first place and it didn't happen on the same day, it actually took me 3-5 days before I encountered that red and to note you, that I am running it continuously on my RDP.

EDIT: I just searched it and it's not Martingale but Fibonacci betting system  ;D but I still want to share it.

I can't exactly recall my longest red streak using Martingale, but maybe 20+ red streaks. I am still using Martingale up to now, but it's very rare. Before, that was actually one of my main strategies. Right now, I don’t like using it. I only use it if all of my strategies fail, and I get days of consecutive losses and can't think of anything that works, then I will use it, but only for a short period of time. If I'm not out of strategies, I won't even use it at all. My balance can't keep up, even with cents as the minimum bet. It doesn't even last an hour or eveb 15mins, and red streaks will come to me. Last year, last quarter, I think that was my most recent longest good streak in Martingale. It lasted more or less a week before it ate up my bankroll and all of what I won in that whole run.

I don't use martingale strategy because it gives you big losses in a fast pace and empty your bankroll before you realize it. I prefer betting the normal way because I am not after making profits when gambling.

I believe that people who uses martingale strategy are those gambling for profit, if not why will you lose your bet and double the amount because you want to win back what you have lost and make profit immediately. It's a strategy that will frustrate you and put you in a regretful state.

That was good response, I felt it was detailed, and I have edited the op.

This "strategy" is literally to double down on every single loss, which is some of the most terrible advice that a gambler will ever encounter. It doesn't require any talent at all but I guess that is the simplicity that captures people's imagination, but anyone that tries it will quickly discover that it is entirely worthless. Not only that, but psychologically it's going to ruin you even if you win because a gambler will always stretch and want more - likely throwing away a winning streak. I've never engaged in martingale, but have seen enough long losing streaks in different games out of sheer bad luck to ever contemplate using it.

I have gone up to consecutive 7 streaks in loses before which was my maximum that I lost all before. I would have gone high but I did not have money anymore at the time. It happened to me I think three times or more than three times. That was when I concluded that martingale is very risky. I have heard of people that have gone higher before and lost.

When I was still new to gambling and dice was the most popular game, I used to believe martingale was the most profitable strategy. I kept experimenting and wouldn’t stop trying different variations. It took me a while to finally accept that no method will ever beat dice when there’s even just a 1% house edge. If I remember right, my worst losing streak using martingale was 15 in a row. Back then, the minimum bet was really cheap, so I could afford it.

But now, the minimum bet is much higher. Even if you start at just $0.05 per roll, a 15-loss streak would make you lose over $1000 just to win that same $0.05 back.
That’s insane if you think about it, a massive risk just to chase a tiny profit.

It's been a while I gambled, and so a few days ago, I decided to try gambling with a few bucks to try my luck on the football simulated league. My first stake was with just $2, and I lost the whole money in a single stake, and then for fun, I decided to try out the martingale strategy (even when I know it's a bad idea) I decided to try it after all to see if the outcome might change my impression about the approach. So I made another stake with another $2 with hopes of doubling the bet and recovering my money, I still lost it, and that was $4 gone, moving forward, I staked another $4 hoping to double it, and just like that, it was gone, and then I had to run before what I hoped to be a fun ride turns into a nightmare. And once again, I had proven to myself that the martingale strategy is the worst ever.

Maybe the better question was what was the biggest loss after a chain of martingale losses, cause someone starting with 1 satoshi and losing 20 times is not even clsoe to someone that started with $1 and slot 15 times.


With what did you initially bet if only 43 got you busted?
2⁴³ is 8796093022208, so if you have started with 1 satoshi, the bet would have been 87960 BTC by the time you got busted plus already 43k lost from the previous one!

Funny how you say, it is the dumbest strategy when you have never tried it before. I dont know how you draw your conclusions on this, perhaps you observed what it did to your friend or maybe close one. Yeah, whatever. All I know is that ay strategy works for someone, to them, it is the best strategy because they use it and they are lucky. You can choose your preferred strategy that works for you, and to someone it might be the dumbest strategy as well.

Baccarat, I don't have deep pockets, but I started with minimum $20.00->$40.00->$80.00->$160.00. So I have bad hands or at least didn't win in those hands so I quit playing baccarat that time and go with other games just to break the bad luck. This is in land base casinos by the way, I don't know, but I just sit on this table with that minimum bet and in just less than 20 minutes, I was hit big hard with this martingale system. So it's obvious that bad luck + this system will get you REKT early.

Although I remember that I was able to bounce back from slot machines, hitting a good multiplier and then bonus round. But I didn't get back at baccarat table that night because of that bad experience.

In real life people have tried using it in a roulette and using a lot of balance starting with 1 dollar bet yet they have come empty handed in the end meaning they had quite some consecutive lost that made them go away from the casino. Now in software controlled casinos it can be even worse, they can go up to over 50 times in a row or even more because they are software controlled. No one has ever come victorious because of Martingale strategy. The only places where such strategy works is in theory or if someone has unlimited balance, something is never the case. I never used or use this strategy from quite a long time and I don't miss it at all.

Martingale is never a good option at all, I have also tried it in sport before. Although I lost and I won but in total, it does not worth it at all. The betting sites set odds are set in a way that will not make it work.

I have also tried it with some casino games before, especially roulettes but the games is of shorter time and I lost so fast. I tried it the first time and I won but after then, I started to lose.

The problem is they with the strategy, if it is loss, the loss will be huge.

I  prefer on the streaks of maximizing my profits with the paroli system of increasing my bets with the intention of making more profits. That limits my risk of loosing more since winning is not going to be guaranteed. So even if I lost it. It will be less for my emotions to hand because it is assumed that I losts more on profit and not my capital.

The martingale strategy is just too risky to hold on to because you are maximizing the risks of loosing more with a point of profit and worse to it is the more you are chasing the looses is the more position you stand to loose more in higher values since you are wagering 2X in chase of looses. I really don't do that shit as it could affect my emotions if I am unlucky on a straight before I opts out.

It's not everyone that actually keeps to record the amount of losses they have had while trying out different strategy that comes to their mind or the one they have also heard somewhere or read about it online. I have lost so much trying out the strategy but I can not actually pinpoint the amount that was totally lost. I didn't  also like to keep record or losses because it tends to make me feel like I have lost a lot already and need to stop, but for the fun, I can't.

Martingale seems like an easy way to always win at first. But it’s not. Sure, you might win a bunch of times in a row, but eventually, you’ll hit a losing streak. And when that happens, you don’t just lose a littleyou lose everything you’ve been doubling up on.

This strategy doesn’t take into account how much money you actually have or the betting limits the casino sets. Plus, it gets stressful when you keep losing. So in the end, Martingale teaches you that it’s not just about luck  it can wipe you out fast.

I think 10 is my limit. That was just me experimenting with the smallest bet amount, and honestly, it’s painful risking a big sum just to win a tiny one. So personally, I don’t think a pure martingale strategy really works if you strictly follow its principle.

In sports betting, I sometimes do a semi-martingale, but I cap it at 5 steps only. Even starting at just $1, five straight losses already put you at $16, and for me, that’s not worth continuing. I’d rather just go back to my base bet. Honestly, the best approach is still flat betting, but it’s only really effective if you have a decent bankroll so you don’t get too frustrated when you hit a losing streak.

I have never gone through a higher amount than x4 of my bet. I am afraid I am going to lose it if I do that. After x4, I reset to 1 and then repeat the process. Still, that doesn't really work, and I was just rushing my losses without even enjoying the games. I mean, the stress will fill you up and you will blow up in rage, feeling cheated by the system.

I don't recommend using this strategy, especially for those who have a budget set up. Might as well just play with your default amount until you lose it all. That way, you might end up enjoying it even if you lose.

In x2 multiplier, the largest I have gone is a 15 lose streak. I  had a large bankroll and started with a minute bet, it was an autobet and it ran for 3 4 days but one day it got busted with straight 15 losses. Except that one single time, most of my martingale at x2 falls at 13th or 14th consecutive loss. That might also mean I don't take large risks but small ones, even though the results are same at the end, it lasts a way longer.
Most of my martingales now are on x1.2 multiplier with variable bets depending on the last result so not exactly comparable.

Why do you even try it?
It is mathematically imposible to win in those conditions, you will be hemorrhaging money at 1/16 ratio, or if we go deeper into math, closer to 5.5 per 100 bets, you're losing more money than betting on either red or black if the house has under 2% cut.
I see now point in trying this, not even increasign your wager requirement cause that nearly 6% loss is larger that what msot RTP slotstake away from you.

I think I stopped at 15, even though I could have gone for three more. I sense that the house advantage is taking over, and I’m at risk of wiping out my bankroll.
The hardest thing about a martingale is going back because there is no turning back; you need to have the nerve to cut your losses, or there is a possibility of losing everything.
It’s fun using a martingale, but you need to set a limit on where you should stop because there is no certainty on where you can break the losing streak.

The martingale system is one of the easiest way to throw your money away because In the long run you are not going to win. I think I've had 3 consecutive losses when I used this strategy since then I stopped. It's unwise to keep doubling your stake to recover what you have lost in the previous rounds, you can't tell if it's going to be successful, that's why it's very risky. This betting system are for those that are extremely rich

I do not play dice much and I dont like martingale strategy as well at the same time but I played it few times only so I cant really remember on how much is my longest lossing streak.
Basically it has been discussed many times in different threads and I have ever heard about more than 30 lossing streak with 2x payout in dice game.
IMO martingale is basically the worst strategy to be used because even if we will eventually win the bet after lossing streak, the profit is only as much as our starting bet amount.

Martingale is a new word to me but as for the longest streak of losses I have had, well I have not had any long streak of loss that would gummed to my memory and I usually forget my losses after a good win. I don’t think keeping the streak of losses you gets you anywhere.
But I will want to know the amount of loss I can take before I take a break.

This martingale strategy is not something a gambler would hope on because at the end of the day you end up losing all at the same time. However, that is exactly why is not advisable for a gambler to think of doubling your money in gambling because is not something to rely heavily since luck have the besic role in determining the final outcome.

Though, once you keep on betting to recover your losses that is how you would still be losing more and more until you finally lost it all. However, noing when to stop when losing is the best way to overcome frequent losses when gambling because there is no guarantee of winnings in gambling.

There has got to be some kind of "stop loss" when doing this martingale strategy or else it can keep going and going. If you are not that wealthy and you can't afford having to spend an infinite amount of money then this might not be the strategy for you. Even if you are just gambling for entertainment, it will be best to stir away from this strategy if you are not confident with your own financial situation.

The highest I have read in here seems to be 15. I feel that I would have given up after 10 at most. It depends on the amount betted as well.

I have gotten into big troubles several using the martingale pattern which make me conclude that it is never a good strategy. Most recently, I was playing one of my favorite slot games and spinning at $1 and for about 100 spins I did not get any free spin, a though ran into my head that the hard luck was over and that the new round of 50 spin will give me jackpot, so I decided to increase the bet to $2. It was painful how I got defeated faster than I could imagine because the free spin or jackpot never happened. Assuming I did not increase the amount, maybe I would have stayed longer and possibly got the jackpot. 

martingale strategy is a bankroll killer, it helps to wipe all bankroll within some few seconds of trying to recover loses. gambling and or betting should be done in a way that we bet with what we can afford to lose. which should be a lesser amount.
 
i cant think of any, as i usually gamble with what i can afford to lose, and not gambling aggressively to recoup my loses. of course that is chasing after loses which is an easy way of getting addicted.

You are right, maybe I can add a few more lines about it to be clearer....

I used to have a lot of fun with cheap coins & autobetting, sometimes to make a profit and sometimes solely for wagering purposes. I didn't play classical martingale most of the time, especially when I wanted to wager a lot... I experimented a lot with different multipliers & different multipliers on loss. In casinos with expert settings, it can be after xxx loses, and many other stuff... In casinos without expert settings, one of my favorite ones was x2.75 with a 55-63% multiplier after every loss... for dice & limbo. You can survive +50 bets with just a few thousand coins. How many Doge did I throw... among other "cheap coins"...

I have burned myself dangerously many times, so it's not something people should do if they are not OK with losing some money... Autobetting is so risky, Flashbets (on Wolf, different names in other casinos) are even crazier and riskier.

Not just martingale but every other strategies also has the ability to wipe out a gambler so fast, the way the strategy makes the person to win some bets is also how it can make the person lose some bets. Winning is 50/50 in gambling but some people doesn't know about it that's why they easily get wiped out because they are having so much hope on the strategy.

I'm well aware that the martingale doesn't work, so my longest streak of losses wasn't following that strategy. It was ten losses in a row, which was extremely unlikely, but that's life (sometimes), and it was a well planned bet, and a loss I could afford.

The best strategy is individual analysis of each bet. It’s clear that everything follows a certain cyclical pattern. But for me, the Martingale strategy seems implausible. I’ve never tried playing with such a strategy, and if you read the opinions in this thread, it’s considered ineffective. I won’t risk using such a strategy.

I have always stood against gambling strategies, never believed in them, ever, so i have never used any, not even the popular Martingale strategy. I have a friend who tried the Martingale strategy, he believed so much in it and was almost addicted, guess who wiped out his bankroll, kept depositing and still losing, until he came to his senses.

I don't like the idea of trying to recoup losses. Every new game for me is a fresh start, i am not thinking of the previous game, or trying to cover its losses. Trying to recoup losses is how people get into a dangerous cycle in gambling.

I’m not really sure about the exact number, but I remember trying the martingale strategy in roulette once, just betting on red or black. I think I went on a losing streak of like 20+ times. After that, I did manage to get back what I lost and make some profit. But yeah, when I tried the martingale again later, it didn’t go well, my balance wasn’t enough to cover 30 losses.

I hope you did the maths on a losing streak of 20, because if you follow a strict martingale strategy and you lose 20 times consecutively you’d have lost a lot of money depending on what your initial bet was. If it was a $0.01 you’d have lost over $10k for 20 losing streaks and I don’t know if it’s true but after a few increments let’s say 5 I think a normal gambler should have realized that it’s becoming less sensible to keep increasing the bet and according to the calculation I got if you won the 21st bet you’d only make a $0.01 profit after all the risks you took - just to realise a profit of $0.01. I think this is the reason why I haven’t even considered trying it out.

The thing is that things with the martingale are like that, it is very difficult to do them and be successful in games, personally where I had always applied them was with dice, even when trading it can be applied, but it is something that is very difficult for one to be able to do and before that you have to know how much balance you should have to lose or be willing to lose, I do not advise it, especially for novice players.

Funny enough, it's one gambling strategy I want to try out just for fun to test my gambling ability. I understand that the martingale strategy is one risky form of gambling, that is why I am going to fix a budget I will be cool with even if I lose. I just want to get that experience.

To this day, I remember the day I lost many satoshis because of Martigale. I don't know why I believed it would work at the time, but the fact is that I was fooled by a YouTube video where someone was playing and using Martigale. He said he won a lot, so I copied him and got into a terrible situation. I lost a lot. That day, I swore never to use Martigale again.

I sincerely hope no one uses it, even if it's in sports betting. I hope people don't use it, because I've seen some people who used Martigale in sports betting and lost everything. It's unbelievable, and they told me they won't stop using it because they were just unlucky. I honestly thought what they told me was absurd.