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Hi guys is there anyone knowing anything about Martingale strategy? I'm new on it and i'd like to start to use it in online roulettes. Do u think that it worth trying using it if my budget is roughly 2k£? I found this guide https://casino.guru/roulette-scam-strategies (https://casino.guru/roulette-scam-strategies) and they say it's better not to use it; but i have friends who won real money thanks to that.
Can anyone giving me any further info about? Thanks very much  :) :) :) :)

Well, based from my experience, if you don't have unlimited money to use in that strategy, using Martingale will just make you lose all of your money. Many people got rekt by that strategy and only a very few got any profit out of it. If what you're saying is true regarding your friends winning using that strat, why don't you just ask them for help? But personally, I would stay away from it and just try other strategies out there that have real evidence of having decent profit.

Well, Martingale strategies typically require a large amount of small bets which might be easier implement in games with a lower minimum bet than roulette (such as dice games).
But I guess it is possible with roulette if you want to.

I've used this method in the past and busted, but gambling's still luck in the end no matter what method you use, so I could have just been extremely unlucky (but mathematically you're guaranteed to lose eventually).

I do like the fact that this guide does at least a brief introduction to house edge and RTP, as I often see people just assuming you're guaranteed to win with some methods (which obviously can't happen), and AFAIK the math is correct. Good balance of understandability and detail, especially the analogy to betting on a favorite.

In the end, I tend to stray away from methods and just play what I feel is fun. It's inevitable that you'll lose in gambling, and having fun with what you have is more fun than executing a boring method for something like roulette and losing.

Great link, play all those in reverse.  You might have to dig yourself our of a whole once in a while, but there is more room for strategy with reverse strategies I think. The link you provided is so good I don't think anyone can provide more info, like personal experience maybe. Personal experience is, stay away from martingale, or at least play it cautiously.

All those strategies in their original form are casino friendly strategies, often surrounded by casino affiliate links and banners.  Gambling is for gambling, not making money, a true gambler will play with a million dollars in the bank, the only reason I recommended reverse or progressive strategies is because I think it is a better way to gamble, not a way to make money.  

If gambling excites you and you love to win even if you loose it back later, and you're playing with what you can afford to loose, and it doesn't hurt when you do loose, than you can try any strategy, progressive, regressive, combination of both, but if you are looking for that one strategy to make some money, a loss is likely and will probably hurt.  

Roulette type of gambling is playing against the house. House always win in long run so you will only rely on your luck if you used martingale or whatever strategy you have there. There is no strategy to win in any house edge gambling games because it will be pure luck. Yes others won using that method but still that's luck. And even you have lots of money, "AFAIK" there is a betting limit to that.

Out of your question but I sees martingale is effective in sportsbetting in my case. In here you will not rely on your luck alone because there are factors to increase winning. Chances of losing for let's say 5 to 7 times in a row is so unusual so with the proper odds and selection, a guaranteed profit awaits. Well of course only do it on a sports you have really have knowledge.

Yeah it goes without saying that there are no risk free strategies when it comes to gambling. You should be aware that the main feature of a martingale strategy is concentrating the risk of a loss onto very improbable but in that case also quite catastrophic events  :P

You can also used Martingale on roulette but I guess you can apply them in the color bet: red/black and it depends how much you are going to put on your first bet. I'm sure that you know how it works but if you are unlucky, you can't go even further than 7 losing streak (at least in my experienced).

You might want to try it to see how it goes but remember that roulette is based on pure luck so if you got unlucky just like me, you will be busted in just a couple of spins.

Using martingale on Roulette is no different than using martingale on regular dice.

Basically all these methods have resulted in alot of people (including myself) getting their accounts emptied because they ended up with 20 reds in a row on something like a 50/50 win rate.

If you do it on Roulette it will be no different. Eventually you will have a huge losing stream and you will run out of money.

Any method can implement if you have a money but OP is asking whether he can make a money from this method. I don't think any method will work in the long run in gambling because we can't be lucky every time and every day we play these games. Yes, if one just want to play these games for fun then we can try any method but if the purpose is to make money then I would say chances are very less.

Not because your friend wins and it will also happen to you, martingale can give you chance to earned a little but it will also attract you to engage too much, and the greediness inside your minds will eat you up and let you to burned out every single penny of your bankroll, before you begin your sessions
better to think twice and review more, personal experience wise mate..

Martingale strategy always works on any kind of gambling including roulette but never use it for a long run, because it's really dangerous to use it for long run. You can busted easily, so just use it for a short run like 10-20 minutes or until you get a nice profit.

Hey Martingale is a old and tried and tested strategy, Martingale you'll find every second gambler has either tried it or will recommend based on his experience. Normally I'm not a big fan of this strategy as in the long run you go bust, plus this strategy has been tried mostly on dice not roulettes. While the guide is definitely good, I would advise you not to follow it as the probalties of you incurring looses are higher. As for your friend it could be purely a stroke of luck, as gambling requires loads of luck irrespective of the strategy.

Martingale, tho a good strategy for some, it comes with a high risk so I wouldn't be surprised if they don't recommend it. I personally simetimes play with this strategy on dice games and blackjack but I do not think it's profitable if you're not that lucky. Yes, I said lucky becuase imo you need luck to win any gamble even when you are using any strategies.

Martingale is always a risky strategy, as are all other strategies. However, if you're lucky and you stick to your limits, they'll all can work and if you're not lucky all strategies will fail.

Last week we've witnessed an epic session of someone on roulette, who not only used the black/white bets, but also placed very risky bets surrounding/attacking certain numbers, which worked very well. And the guy walked away with over 3200 ETH (value in USD was 1.3 million that day).

Here's an example of one of his big hits:

https://i.imgur.com/xKeIzaH.png

In theory this action allows a very high risk, but the risk can be controlled by the trader in dealing with it, the most important is a plan that must be clear, not from opening a new position and preparing money management to deal with the possibility of a long trend can occur. The conclusion is that all the strategies / methods are good but nothing is perfect, surely has advantages and disadvantages, so learn and find out the shortcomings related to which conditions will bring losses.

Martingale is a negative progression betting system, it also means that you need to double your bet every time you lose.
If u do the martingale strategy.. no matter how much you will bet what will be your profit will always be your initial bet.

Example:

1     L
2     L
4     L
8     L
16    L
32    W
-------------

L: 1+2+4+8+16   = 31
W: 32               = 32
------------------------

PROFIT: 32-31 = 1

You need also to consider the house edge, bet limits and your budget/capital to gamble

Except I would add that you might tend to get higher house edges on Roulette than on dice (where the industry standard is 1%, if not lower). Your chances of prolonging your gameplay (essential to a martingale strategy I suppose) is also better playing at a Bitcoin Casino.

GBP 2,000 on fiat probably only lets you have a min bet of $0.10 (that I've seen) and max bets won't allow you to maximise your bankroll. Probably only allow you to get a max of 10/11 streaks on martingale.

Coverth those sterling to Bitcoin and you have around 0.4 BTC at today's rate. Any decent dice site will let you start at 1 satoshi, so that bankroll gets you up to 20 streaks on a simple 50% martingale.

Not that you have a guarantee of winnings of course. This is just making it unlikelier for you to bust quickly, is all.

matingale discussion has been active since ages here and in short words no it doesn't work , but I see some people believe that it may work on sprotsbetting or trading here
actually IMO martingale is the worst strategy even if you have the edge , so it's not good even in trading and sportsbetting even if you are making good trades or bets

in short words a good trader should be making more good trades than the bad ones and the same applies for a good sports bettor
so let's say a trader usually makes his trades aiming for 20% profit and stop loss of 20% as well , he should be doing good as long as he have 50% or more success rate ( a little bit more due to exchange fees ) now if he is martingaling even his good trades may end up eating his bankroll due to a really bad swing

so in general the only way to make money in trading and gambling is to do good value bets and trades , you will have success using these without the need of betting more cause a streak may happen that will eat your bankroll
by doing just value bets and trades you will be minimizing the risk and in the long run you will end up profitable without the need of wagering more and more when you are losing

Dont waste up that money for a short period of time yet martingale can bust you out on a blink of an eye when losing streaks do hits you. This would matter on luck and for those friends of yours do make use of this method might be lucky on that day but as we all know not all the times we are lucky. It can turn upside down and take those winnings from you. Use for your own risk and dont expect too much because roulette and dice martingale strategy has no difference at all. Just others said this had been discussed for how many  years already.

martingale not work
pure math say this

i do an example

you have 37 numbers and the win is x36 for winning number
math said, for infinite round of play, your balance going to 0 (zero)

Forget about martingale, the method of martingale is not going to make you win, there are a lot of gambler losing huge amount of money using martingale technique, no matter how big is your capital, if you are using martingale in the long run you will busted, the one that able to make money from martingale is a very lucky gambler, but if the gambler continue to used the martingale, he will lose the money, it doesn't matter what is the game, martingale is not going to work

There was a long discussion about martingale and you can find it here https://bitcointalk.org/index.php?topic=610339.0
There you will see comments about their experience on using it in different kind of games. Some claims it works, but some also says its not. I tried it as well but it didn't work for me. There is no such thing as strategy in online gambling because if there's a loophole, for sure site owners and developers will find it and fix it.

Incredible. Did the guy talk to anyone after that win? I have never sat down for 4 hours to gamble like that and since roulette is manual, I guess this guy was really the one sitting there making those bets.

I always martingale, I guess everyone does, sooner or later. Strategies always work out for a long time of course if you walk away before the ultimate fail ;) but if you have the right patience, right discipline and right bankroll, I guess a bit of luck means you can make it big.

Millionaire and the price is even not ATH.

I agree. I still use martingale quite a bit in casino gambling but I'd say that's almost 100% for dice games and maybe some rounds of blackjack when I feel like shooting the wind. Almost all my "serious" gambling (but even that's more like a hobby I have a budget for) lies in sportsbook. Looking for what I feel are good value bets. This is generally backed by my own research on football but sometimes also taking a bet where the odds are significantly better than what all other bookies are having (rare but small fiat bets on bookies with promos and price boosts are always great)... that's a good strategy for small wins. Nothing to make you rich or anything but always nice to win beer money from backing different teams at different price boosts.

I am guilty of martingaling football sometimes (keep betting on a team to win or score above X for more than 2x until the bet wins). Terrible strategy unless you are sure your team's on form or has had a bad streak you know will soon snap.

people who are accustomed to playing gambling surely they do this strategy to be able to double their victory when they experience defeat, but if we are not sure to do things like that we must think again about the actions we will take so as not to experience defeat and cause bankruptcy.

As I know if you are going to play martingale on roulette, this wont happen because the number you are hunting and the payout you get are not worth, if you said about dice or other game may be it is possible thing but when it comes to this game what you need to do is luck and try to martingale on zero if you have enough balance. I can't guarantee when it hits but somehow I found out that it is able to martingale from there and it is worth enough

I don't think you know what you're talking about. Have you ever played roulette yourself?

You can martingale on red/black, odd/even, manque/passe (high/low) which all give x2 payout. And you can even choose 18 numbers yourself and double your bet on loss (that's what martingale is). There are plenty of possibilities to martingale on roulette, you can even choose less numbers to make the payout higher. I've even seen people being lucky with martingale with bets on first, second or third dozen. That's the same as doing martingale on x3 payout on dice. Of course roulette has a higher House Edge, so it's more risky than dice, but the good part of roulette is that you can choose your own lucky numbers.

And why would you suggest people to martingale on zero? I mean, zero gives the same payout as any other single number, which on European Roulette is x36. And how exactly would you suggest them to martingale on a single number? I mean, how much should the player raise in %? And how would he be able to do that? Or are you suggesting people to double their bets on loss while they hunt a x36 payout? That's kinda stupid, isn't it?

No, don't use it, it's a trap. I've tried to play using it for 2 years and had to stop, because realized that this strategy will eventually demolish me. If you play it for a short period of time (like 2-3 weeks) and you have a lot of money you might have a lucky break, but you won't win much with this strategy if your initial betting amount isn't high. And if it is high - you will be surprised how fast and suddenly your betting amount can reach the number of all of your assets in the game. E.g. your initial betting amount if $5, you get 5 unlucky bets in a row (which is not that rare) and that's already $640! And what if it's more than 5, 9 let's say - that number jumps to $2,560, you definitely wasn't counting on that. And sky is the limit, the longer you play - the higher that number goes, I've played to 16 unlucky bets in a row. So, if you don't want to lose everything eventually - don't play with this strategy.

Very interesting. I also used Martingale but in a real casino (with a dealer) and I would say that its very effective strategy for me so far. Specially with the black/white bets and I say that I got like x4-x5 on my initial bankroll and money keeps rolling fairly quit. But when I try to used in in a machine operated roullete inside a land based casino, martingale doesn't work for me. I guess it has do with with the machine reading my bet or something and I quickly get out because I know that I will lose everything.

Play casino is always risky.. casinos dont gift money

Play only for fun with fixed and limited amount of money

If you want money, get a job

This right here.

You're either going to get maxed out by the system (with something like a max bet) or you're going to be unable to continue as your bankroll (your personal betting money) now has no money left to play.

That's the way the gambling world works, it's a game of luck and NEVER a game of skill. If you understand that, then you're never going to want to gamble again.

There are two ways to do it in my opinion:

• Luck: start with small-medium amount and leave the table when in profit. You should set profit target before starting to play
• Altcoins, low house edge casino & bot(s): find dice site with lowest house edge that allows you to play with small amounts of lower value altcoins. Then use your bot(s) to play with very small amounts of coin. Make sure that your bot will validate bets as only dice site I know that fullfils these requirements has been accused of cheating.

I agree but that should be done with all casino games where you play against the house, not just with roulette trying martingale. When you play against the house, the house is going to win in the long term, so you’d better do that. Or you can take it as a way to pass the time and waste your money,

Well said, this "strategy" will destroy your bankroll all the while you're sitting there waiting for that big hit.

Not going to happen in roulette.

Of course I played but not something like red and black things, I played mostly European roulette when I always bet on single numbers but of course you really need to have some balance to cover your bet. This is gambling, so you will never know when you are going to hit that aingle number or even zero at that time

Let say you get your money there and place on X number and martingale it, double on loss when you hit the number the payout is really good. And when you lose it, just get away from it and do not continue to martingale it. Usually I use martingale strategy up to 8 times or sometimes lower than that depends on your balance as well. Btw are you even betting there with your bankroll? I think this isnpretty common strategy to bet on roulette

Martingale doesn't work and especially in roulette it is one of the worst strategies. I am talking about online roulettes as in offline ones you can't  apply it because you need a massive bankroll to just win pennies. I have read here that some people talk about martingale that should work in sport betting, but I think it will not work there either. This so called strategy has failed and made people lose a lot of money over time that I think it should not be discussed here anymore at all.

Not just martingale, almost all the strategies are not good enough to crack profits against gambling-houses. I know a lot of people have their opinions when it comes to gambling anyway, but as far as I am concerned, the only way strategy can help may be in calculating how much you have won overall or how much you have lost overall.

Every other thing are just prediction game and unless someone may tell me how they use math to call the next move in dice game as to whether it would be lo or high and come out 100% right, then the idea of some people saying math can help them win is absurd. To win against a house, we must need to guess out what algorithm they are using which is not at all possible with any strategy. We may try out any level of calculations and probability theories but the final results may not change from the beginning one.

Martingale doesn`t work in long run, everybody knows that. In every game playing with huge bankroll is advantage, but even with that you have maximum bet, how high that maximum bet is depends from casino. In gambling if you wish to win you need to have aggressive moments, you test the game with few low bets, but next bets needs to be higher. Example of martingale in roulette is you bet on red you lose, again on red but x2, and like that until you win, but that losing streak can be very long sometimes. In sports betting is the same, if you bet all the time on same thing, you will have losing streak in one moment. In my experience in gambling you need to change you playing strategies all the time, more random they are that better, but in one moment you will have to rise bets and to just believe in huge win, you need to be brave to make that bet that will give you back all that you lost and plus huge profit, if you don`t have balls for that you will end up with zero in the end.

well..got it =D. I would've liked to give it a try but, since apparently bankruptcy is almost guaranteed, i guess i'll invest my budget somewhere else.
Thank you again guys  :) :) :) :) :)

Because there isn't really a strategy you can depend on other than your luck especially when you play a pure luck based game like roulette. (it is self explanatory ) You are either lucky or not. 1 or 0.

If you are going to play roulette and have the money that you don't need or can afford to lose, just go all in because the result will be same either you spend the money in 5 hours or 1 second. Actually in 5 hours your chances of getting anything worthwhile is way lesser (also losing all your money, because you can always stop playing at the 2nd or 3rd hour.)

Since you are already ready to sacrifice the money just bang it away on one game.

Probably the people you know use the Martingale strategy have been lucky and probably has a limit to how much they are going to gamble meaning they stop when they reach a certain amount of money. I think that’s a great way to limit with yourself and once you have been successful, just stop.

That is clever of you. Honestly, if you are destined to lose money, nothing can save you or you can say that if home has decided to snatch your money, you cannot defeat them. Investing your money is the right thing to do with it. Your money is a hard earned one so you must be careful while consuming it. I will suggest you going for bitcoin trading or altcoin trading.

If you still like to stick within gambling industry then you may opt for investment options of few gambling houses with their bankroll. To maximize the bankroll of houses, some crypto-based gambling sites offering such facility. You may try them. But take your final decision after analyzing those sites' recent performances and other investors' ROI.

Back to base bet when you do already hit up a winning bet which is really common even on a automated martingale settings which same as you said this is just a common strategy being used.
If you do tend to use it then you would always end up on depending on how your bankroll can able to handle losing streaks. We are all aware on that one but this doesnt really make a difference.

Anecdotes do not cancel the math, many people hear stories about people doing something against the probabilities and winning but whenever that happens is just an anomaly, over the long term you will be a loser if you go against the probabilities.

The martingale system seems to work precisely because of that, people see that with the martingale system they can only lose their money if they lose several times in a row and when they see that they think it is impossible for that to happen, but it is not, and when you finally lose enough times to break the system you will lose all your money, so please before betting in the roulette take the time to read more about it, since it has been proven that the martingale system simply does not work.

I wouldn't even think of using that strategy in any type of game. There was a thread about Martingale strategy and you can read from there different experience of different gamblers who tried to use Martingale strategy in different games. Bottom line, it didn't work. They ended up losing. Remember, it's a game of chance, no strategy can beat that or else it will be a game of strategies.

Actually it works for a short time like in the first 10-20minutes depends on your luck but if you use martingale strategy for a long run, you will be dead because martingale for a long run is a big no for me and usually you will ended with lose.

In long run in any game generally you will end up losing in the gambling. This is what statistics has proved and thus so it is said that people should quit as soon as possible if they win in the start itself rather than playing for longer and then losing the winning amount as well.

Just for the purpose of gaining some data I've made a block of 100k dice bets using martingale with stop loss and stop win amounts and I was positive 1.7 % on the wagered amount. 2nd block I was aiming for 100k bets again but I was down around 5% on wagered after 40k bets and I gave up.

It was pointed out that this strategy can be useful not to WIN much but to make sure your playing time is longer, for example to eat up wagering requirements or to build up wager amounts for loyalty programs and I agree here.

For example, if you have enough bankroll to make 15x streaks martingale, you can set it autobet to maximum 8 times loss, and just keep using that strategy to build up your wagers. This can be to get/activate a bonus or to just build up points. If you take into account cashback it all adds up.

If you are lucky, you end up even with small profit from the bonus. If you are playing on normal luck, you can finish the bankroll, but it is sort of an investment to get higher levels or have.

I wouldn’t bother analysing specific strategies too much, most of them are a load of shit. If you find yourself in a casino desperately trying to follow somebody else’s strategy you’ll likely end up doing worse than you would have without said strategy.

Just gamble with an amount you don’t mind losing if it goes to shit & you’re unlucky.

In roulette I find simply picking your favourite 5 or 6 numbers & splitting your chips across those number & the one to the left or right of them works as well as any strategy.

It’s all luck any way, if you’re meant to do well on a specific day you’ll do well. Good luck everybody but gamble responsibly.

 

I used to believe in martingale but on dice rather than roluette, I never tried to gamble on roluette to be honest because of the zeroes, if I saw a roulette with no zero than I might have given a chance at that too. Seeing how the chances are similar I think my dice gambling with martingale can actually be used as an example here. I used to gamble with about 1 bitcoin (back when bitcoin worth like 150 bucks) and made it to 2.2 with gambling either 0.01 or 0.02 start and just martingale my way to 2.2 btc.

I felt that martingale was the best strategy and I could never lose with this. However I was left with zero bitcoins as soon as I hit a streak of losses (I think 17 in a row? Forgot the actual number). Martingale works almost always, except that one big bad loss streak.

IMO roulette have more complex way to bet and martiangle IMO do not fit on roulette type except you're choosing between red and black gameplay.
I'm ever do martiangle on roulette and the result will make you won't try for second attempt.

Better martiangle on dice, as simple as that !

Why would anyone want to share their winning strategy if it works 100% against the casino, your friends might have won some money using that martingale strategy, but the main reason is because they are on a lucky day while gambling on the roulette game that specific day, so I would strongly advise everyone to take caution when gambling with any strategy that claims to be able to beat the casino.

A big LOL to this one. For the others, long as you have a big bankroll, you can make profit. That's it. Just have an infinitely big bankroll :D

Now that I am thinking about it, I wonder if there's a casino with the biggest possible wager that would allow to maximize such a Martingale strategy? I know 999dice has 40 BTC max profit so that's 40 BTC on a x2 martingale which means you could go for a 36-streak martingale on x2 payout, starting at 1 satoshi and 36th bet at 34.36 BTC.

I suppose you could go all day autobet. Chances of hitting a losing streak 36 times in a row is 1 in 34 billion or something because of house edge.

If you can do 100k bets a day = 50,000 satoshi profit  average daily.

Chances then become that you bust 1 every 34,360 days, almost 100 years.

So if you only play for 1 year, you have a 1 in 100 chance of busting that. If you get away with this. you make BTC 0.1825

Worth risking 40 BTC?

math said work never, short or long
if you dont use martigale and choice random, you have similar %

i'll show you

first bet: you choice RED on roulette: you have 50% of win (in real you have 36/2 on 37) -> result BLACK -> you lose
second bet: you choice RED on roulette with (x2): you have too 50% of win!!!!

is always 50%
- if you play for less minutes
- if you play for 1hour
- if you play for days

That's true, many people under impression that they will mostly win in the beginning and only start losing after that but that is not correct. One time I got more than 10 continuous losses in dice, not in the roulette game. I agree with you that whether you play for long or short there is no guarantee.

Well it would be 50% but if you add provably fair on the casinos, the advantage they have, it would seem like less than 5% of the advantage of the casino is against the player. And the more you play the more larger that percentage is and that’s what I think is going on if you play in the long run.

I think it's not worth to try with 2k£ in the gambling games and it is better you do with another thing except you have a lot of money to spend. and if you want to start to playing gambling, I think you don't have to use a big money because you don't have a chance to win in any gambling games but you have a big chance to get lost all of your money. so I hope that you can be wise to think about this and will consider using the small money to see what will you've got in the gambling games.

of course we imagine a fair casino.. but if we have starting hash for provably fair..
much casino (i mean fiat casino) dont have provably fair :)

sometime finance police of italy bust not honest video poker holder (they crack machine for decrease % of win)

I think I had tried martingale just for fun once with tiny amounts of money. It just plain doesn't work unless you have an infinite amount of money.

The problem is exponential growth of bets.

If your first bet is black.... You have a more than 50% chance of losing it right away.

Even if you win 3 times in a row, you can easily lose everything on the 4th time.

Say that you win 3 times.... take profit and then try it all over again. You're still relying on luck. You still haven't won anything unless you remove the winnings from your budget and you still only won because you were lucky against the odds.

True, at first the system may seem to work and even to seem flawless, but for the martingale system to finally break you will have to play for a long time, this is why those that only employed the system a few times indicated good results but for those that actually adopted the system and used the system for a long time the system eventually failed and their losses probably amounted to all their capital.

This is one the good things of math, many think of math just as a hard subject they learn at school not understand they can predict outcomes with it and improve their lives if they choose the better ones, and using the martingale system is definitely a mistake when gambling.

IMO martiangle on roulette is not fit because the range is too far.
Simple gamble type like dice is the suitable one.
Even the experienced gamblers, I can guarantee that many of them dislike using martiangle on their gameplay

yes, I think the martingale strategy is more suitable for playing dice because by doing this strategy we can manage the betting money we have well even though this strategy is quite risky but this strategy has been widely used by gamblers

It's not. Martingale works in your normal life, but it doesn't work in online gambling where wins are calculated by a computer that does it for all players at once every second.
If you throw a coin and martingale the strategy will seem to work. Try doing it in online gambling like dice and you'll go broke.

Most of the casinos will have a maximum bet limit so even though you have an infinite amount, not sure you will win in the long run. Once you lose few times in a row that maximum bet than not sure how long you may need to roll to get back that money. So this method is only good for fun not to make money.

About examples of application of the Martingale theory in practice, you can read here: http://sportstatist.com/the-pitfalls-of-martingale-money-management-strategy/

If you will play for a short time martingale will be effective to you, you can search it in YouTube how martingale works. Don't play long term and also have a reset bet don't martingale loses you have. There are lots of strategy martingale is not one of the best so I prefer you look for other strategy other than martingale.

A billionaire could easily bankrupt a casino if there wasn't a maximum bet.  It's nearly impossible to lose 40+ bets in a row so the martingale strategy is sound in theory but the casino limits make it not plausible.

The only casino game I know of that ever had odds over 50% was when card counters used to play blackjack, this has been pretty much dead since casinos added multiple deck shoes.

They used to work a long time ago in offline casinos. Together Martingale plus Roulette and a real big amount of cash in your hands would have made you to come out victorious from the casino. Since betting limits were in place this strategy won't work anymore and everyone knows this.

In online casinos everything is controlled electronically and even if you place 100 bets on red the results may be 100 times black, something impossible in real life.

Well i don't think there's actually any method that will work for you if you plan on making gambling your bread and butter. Gambling just isn't meant to be that way i think. And casinos won't let you beat them as well.

Nothing much may work just think how will it decide which color will come next whether red or black? It can be any random color depending upon the luck or may be if their is any trick done by the owner then accordingly it will come and bets would be lost majority of them so that owner can make money.

That's the thing about gambling sites, they are made as so that the dealer will eventually win. That's one of the reason why martingale is a not so good betting strategy in gambling. If you want to win, there really isn't what they called strategy. It all comes to the same ending if a gambler doesn't know when to stop.

In martingale the longer you play, the lesser the chances you have on winning. That means more money that you'll likely lose in just a short period of time. Not at all fun, if you ask me.

It is obvious they are not going to allow that, the casinos know very well the math behind their games and they know that the minimum bet and the maximum bet limit your ability to use any kind of betting system to beat the house in the long term.

However I will disagree when you say that it is almost impossible to lose 40 times in a row, the chances of that happening are very low but it is not impossible, a person that gambled long enough will eventually see that result eventually emerge, just to give you an example I have seen the same number on the roulette appearing 5 times in a row and I do not think it was a roulette that was manipulated.

Martingale is suicidal even if you have lots of money. The table limit will prevent you from martingale to a very high stake and I have seen streaks that last over ten times in a row. A better way is to wait for a trend to emerge and bet on the trend. I have better luck doing this than martingale.

Phrase in bold is true cruel reality
Martingale is prevented by bet limit

Imagine, you are a casinò.. you have many players, its easy make statistics and setup a right bet limit

What do you think about this?

It had been hundred or more times also concluded by many gamblers here that martingale works the best only in theory and when comes into real playing due to different limitations and unexpected behaviors of house, martingale is failing to produce our preferred results. I did see that many gamblers argue that 20+ losing streaks are not possible anywhere at the same time some gamblers have shared in real life also they have faced 40+ continuous losing bets.

I am not seeing any possibility for martingale to work different for roulette from dice gambling. In dicing, we need infinite bank roll to withstand whereas in roulette we must have no table limit to have high stakes. Both are impossible in real life scenarios.

In summary, a mathematical formula (here we do call as strategy) will not have different behavior just due to different environment (due to roulette gambling). Martingale and Roulette is same as Martingale and Dicing.

First of, you need more than 40 BTC in your balance for using this strategy. To beat a losing streak of 36 times in a row with 1 satoshi as initial bet you need to have 2 to the power of 36 sats:

2^36 = 68,719,476,736

So, as you can see, it's 687 BTC which is much more than 40.

Secondly, although no less significantly, is wearing-out of your equipment working 24/7.

Although we can neglect the power consumption because it is $0.5 per day max for a laptop, I think no one would risk 687 BTC in order to earn 50k sats daily.

The 687BTC is actually for the 37th bet, not the 36th bet as you need 37 bets in order to recover from a 36 loss streak although the formula 2^36 is correct.

To prove how much you're going to be risking just to earn a small amount of money in martingaling, let's do the whole math to this:

(since the basebet = 1 satoshi, I didn't include it in the formula. The formula should have been, 1 satoshi x 2^0, 1 satoshi x 2^1, 1 satoshi x 2^2, and so on.)

Bet Number	Formula	Amount (satoshi)
Bet 1	2^0	1
Bet 2	2^1	2
Bet 3	2^2	4
Bet 4	2^3	8
Bet 5	2^4	16
Bet 6	2^5	32
Bet 7	2^6	64
Bet 8	2^7	128
Bet 9	2^8	256
Bet 10	2^9	512
Bet 11	2^10	1024
Bet 12	2^11	2048
Bet 13	2^12	4096
Bet 14	2^13	8192
Bet 15	2^14	16384
Bet 16	2^15	32768
Bet 17	2^16	65536
Bet 18	2^17	131072
Bet 19	2^18	262144
Bet 20	2^19	524288
Bet 21	2^20	1048576
Bet 22	2^21	2097152
Bet 23	2^22	4194304
Bet 24	2^23	8388608
Bet 25	2^24	16777216
Bet 26	2^25	33554432
Bet 27	2^26	67108864
Bet 28	2^27	134217728
Bet 29	2^28	268435456
Bet 30	2^29	536870912
Bet 31	2^30	1073741824
Bet 32	2^31	2147483648
Bet 33	2^32	4294967296
Bet 34	2^33	8589934592
Bet 35	2^34	17179869184
Bet 36	2^35	34359738368
Bet 37	2^36	68719476736

The total is exactly 137,438,953,471 satoshis (~1,374.39BTC) to recover from 36 loss streak. As I'm typing this, the value of that is $9,438,000. It seems like you can do a lot more with that amount of money and someone who's in possession of that amount of money can surely afford a private mentor or tutor which can teach him where to use the money either invest in business or simply becoming a better spender so he doesn't lose that amount of money over purchases that aren't so practical.

As you can see, we came up with these huge numbers because the growth in your bet in martingale method is exponential. At first, it doesn't seem much. But as the losing streak is increasing, your bet just to earn back your losses and that additional 1 satoshi "profit" is becoming more and more ridiculous. Gambling sites are known to have tremendous number for losing streaks in x2 multiplier and it's the reason why martingale never really worked in the long run.

To put an end to your desire of using the technique martingale, think about this. 50k sats per day is 0.0005BTC per day which is $3.43. Is $9,438,000 worth risking for $3.43 a day? :) And since the people who wants to gamble with a "mathematical formula" likes to treat gambling as a business, you're obviously a bad business man.

That's a good effort you have put to explain how it works. No one wants to risk $1000 for just $10. But when we use martingale strategy we keep on betting in hope of recovering back in next bet.

I always go for some some specific strategy like mid square bet, on some specific numbers always so win ALOT, then if i see its getting harder i change strategy into other square.

Math never go wrong
Your example is perfect.. demostrate: martingale not work

Martingale is risky method even though you will use it for different games while gamble then possibility to lost you money will pretty much high and gambling required luck then i suggest to you do not use that method and just gambling as usual because i'm pretty sure most of people here already the victim of martingale method so don't ever use that if you don't want lost your money immediatelly

Indeed, you'd be far better off just investing that amount of Bitcoin in a casino, than to use martingale.
Actually, you can do just about anything and it'll probably be way less risky.

Using martingale can be fun sometimes, but I really hate it when people portray it as some sort of guaranteed money making scheme.

You can also use it just for recovering small loses and eventualy come on top

There is actually no single strategy that is not risky at any point in time and if what someone wants to be concentrating on is the provabial fair path, then, they should watch out when the system would be ready to hit them huge no matter their strategy.

I have never seen anyone with a strategy that has not eventually come out to tell you how the lost it all eventually relying on such strategy.

Just like Fatanut pretty much placed it, on a long losing streak, you are going to be losing more than you are winning and in this case you are sacrificing so much for so little, which is what I see gambling as. There are so much great ways to make money in life for someone who is smart; gambling should never be one of them.

Don’t deceive yourself; there is no specific strategy that would give you an edge when it comes to gambling. As long as you are still gambling and everything depends on luck, you are still bound to lose a lot anyway.

Martingale is just a way to divert some people's attention into thinking they can use that to cheat the house edge, try having a long streak of losses and see how far you are bound to lose everything just because of some few satoshis. To me, that is an insensible risk to ever be taking.

I've made a 100k bets with martingale to share the results. I thought 100k bets are enough to be pretty close to the expected value, but I guess luck is still big factor in that big of a sample.

Here is the parameters I used

Game: dice with 1% edge
starting bet: 0.00001
chance:49.5
multiplier on loss: 2
stoploss: 14 - this means that whenever 14 losses in a row happened I took the loss and start again from 0.00001

Here is the graph and some stats: https://imgur.com/a/RnLeLAg (https://imgur.com/a/RnLeLAg)

That looks great, for now. ;D Most martingalers do good at the beginning but eventually lose it all. At some point you really have to stop betting and just enjoy the profits. If you keep on betting, it will result to losing all of it. I've seen people consider their strategies as something that works wonders and have actually made profit for them. But eventually they just get busted. Not sure about the 14th loss stop. It takes quite some time to generate it back and you shouldn't hit another 14 losing streak on the process. Otherwise, you're going to be recovering even more funds. I guess it's better than the normal martingale. Keep us posted! (altho I really don't think that would work forever)

This was purely for research purposes. I have no joy gamble like that. Still may run another 100k block just to see the difference I'd get between them.

Oh, I just remembered that some guy used to play martingale on betting draws on some lower Italian football league and I think he was quite successful with it.
Why draws? Because they offer best payout in football.
Why that particular league? Because there were a lot of draws there, hmmm, I think he picked few teams which matches ended as draw pretty often.

That's good although only 10 games a week and possibly 3-4 times to bet because some may start at the same time. On a lose multiplier is less then 2x because draws are usually 30-35% hit.  The common problem it may occur is when he goes into thousands that a lot of bookies won't take that big of action on the low leagues. The other thing when using martingale on sports is that you can't start with small bets if you want to make some money, because action is way slowly - only might do 4-5 bets a day if mixing sports.

Martingale actually works but not on  roulettes because roulettes are totally random  . ive tried martingale method on hi ' lo gmes and dice games ,   i did manage to win several times when compared of playing randomly .   though there are also times that martingale method wont work , maybe because the gambling site are already detected the strategy that ive been using . 

It doesn't matter how much math you know and how you like to play.

There is NO way to win to the house, and we all are aware of that.

So better to keep your funds safe and do not put it into roulette or any other thing that can easily make you lose your money in a few minutes

It is almost impossible to beat the house and in case if people try to do that they should be aware that their is always a chance that they might lose all their money in the process and thus it could be a big loss to them. Instead if they enjoy the gambling and have a good time with friends this could become a good memory rather than having those bad memory of losses.

It can work on roulette if you play red/black because there's equal number of black and red squares on the wheel. Martingale works great with game that only have 2 viable options like heads or tails. It doesn't work on games driven by algorithms that calculate odds for many players at the same time, so you can't successfully use it in online dice. A few wins don't prove anything. Some people get lucky and it has nothing to do with their strategy. To know if it's the strategy you need enough rolls.

Don't forget the "zero". It's neither black nor red, but green. On long term the house will have this little advantage over the gambler.
Independent if it's Roulette or Dice, on the practice they are very similar.

Zero is advantage for house, you can`t bet red or black, there is always a chance to be green. Martingale is strategy that you can use almost everywhere in anything, but it has one flaw, sooner or later you will run on losing streak, this strategy should be used from time to time, and to be combined with other strategies, using this strategy alone is a bad idea. Believe in my words my friends, after so many trying I have a lot of experience in that, good luck!

Martingale and any other strategy never works due to the pure mathematics at work with house edge in play and many more factors affecting the outcome of a game. There's been plenty of research and experimentation that shows a long-term loss with the strategy and even experiments with real money on real casinos if you still don't think all this is true. You might initially incur a net profit, but this entire method is luck-based and gains only show up in the short term with this method and never in the long term.

Unless an online casino is internally faulty, any methods won't work. If you're trying to get money, stay away from gambling and try working or investing as a lower-risk option compared to gambling. I see there's still lots of discussion here, and I'd like to reiterate the things I said in my first post here as well as a few more points.

If you open dice site, roulette, or any other lucky based game, and for example you bet just on odd numbers its some kind of strategy. You can bet two times on red, one on black, two times over 51 one time under 49, there are many strategies in luck based games. Luck based games are just patterns, to win you need to use right pattern in the right time, everything can be worked out to be strategy, and my experience tells me that you need to be flexible and to change the way you play as much as you can, that gives us more chance to win.

I cant deny with that pattern thing yet this is a usual stuff would be done when we do play these luck based games which we do adjust the settings which we do saw that would give out some effective
winnings.I dont believe that theres an exact pattern but somehow you can still possible have an edge as long you do know how to get out on some situation and secure profits then it would be an advantage.
Flexibility and control would be needed.

You can adjust the percentage or chance of winning in your favor but the problem with adjusting the chances to your favor will also decrease the pot money. Those who has a lot of time do this and they will just around and hit roll and win. Maybe out of 10 bets in dice sites, you can win 8-9 times granting that you adjusted the chance of winning.

Whether you are changing sides or sticking to one particular side it doesn't matter. What matters is the win chance. For example, odds of losing 10 bets in a row at 49% win chance(2% house edge, as is in your example) are once every 840 bets, regardless of whether you are changing sides or not. The notion that you can improve your chances of success by changing sides is an illusion.

In real games it happens more often than 1 per 840 because the site doesn't calculate your odds at 50%, then wipe it, 50% wipe it and so on. It calculates the odds for all players who are rolling at the same time. If you were rolling alone you'd never get such long chains. You can try it with a coin if you don't believe me or with real dice. Pick a side of a coin and throw it 300 times, writing the wins and losses on a piece of paper. You will not get a chain of 10 wins or 10 losses at all. If you martingale in an online dice game you'll have a much different result.

Martingale doesn't work anymore and even when it did work it required you to spend a lot of money for small micro profit, this was happening a few years ago in different casinos when betting limits were not implemented at that time.

Some persons here I have seen referring it as a winning strategy but it is not, it will only lead to frustration and a big lost amount of money in a very short amount of time.

Of course I agree with you regarding that it's never exactly 840 bets. You can hit the losing streak within the first 20 bets and, on the other hand, you can make thousands of rolls without hitting it. When the former happens, people usually start complaining that the site is rigged, and if the latter happens people make good profits and start thinking that martingale works perfectly for them. But I disagree that with a coin or with a real dice the situation would be different, because as long as it is based on math it  must be the same. The thing is that it's pretty hard to check with a real coin or dice because for the experiment to be more or less legitimate we would have to make thousands and thousands of flips.

Martingale online is the worst anyone can do. Trust me at this point as an IT professional I know online games are computer controlled and will never be the same in real life. In real life probablility that you throw your dice on red 100 times is less than 0 which means impossible to fall 100 times on red. On a computer it can happen, this is a simple difference because computers are 0 and ones and depending how you program the software they can even roll 1000 times on red, in theory speaking of course.

I think any discussion on Martingale is worthless nowadays, this doesn't work, point.

To give you my insight, I don't think that martingale works as a roulette strategy. I have also heard and read that there are many people that have made some money by following it when playing roulette but there are many obstacles to do it. First of all, there are 33,333% to win (correct me if I am mistaken). Also, casinos have min bets which are kinda high, thus you need a good many reserve to gamble in order to sustain some losses. This is the main reason that casinos have their min bets high, in order to discourage people to follow martingale.

We know that it doesn’t work much even if many gamblers still believe on this one. Actually, this is a great way to invite people but I think you can’t get anyone here on your link.

Any strategies on gambling will not work, because its a game of luck and its hard to say even martingale is not working too. Many tried this one and they lose money, so whatever strategies do you have it still not good if you don’t have control over it.

are you simply promoting your site ? but dont worry because your site is still helpful since it was only a strategy or guides to help gamblers play better  . it was a good idea to apply martingale method on roullets because before i think martingale was only applicable on dice game's but why not on roullete right ? dice and roullete were still close to each other because both games are somehow luck dependent  . you just need to prepare a big balance because martingale is risky on low bankrolls  .

Not really against the promotion but certainly there are no strategies in gambling world to win random games. Dice and roulette are the famous gambling games that totally depend on luck. With these games, no one can make a claim to hit a trick of winning. Not only luck, sometimes the house also manipulates outcomes as per its desires. Martingale does not work at all and is more of a recovery idea.

I think Swog is giving you a good heads up there, computers are a simulation of factors that in aggregate will result in some provably fair results but the dynamics are not the same as real world spinning a roulette wheel which is very much physics and to some extent wear and tear of the equipment.   Over time a roulette wheel will develop bias, every casino has to be careful on this point and the busy ones will sometimes allow factors to slip and some find will find easier betting there.   All those things dont happen with computers, it'll always be perfect in its own way.

I see, because I believe today, the casinos particularly the online casinos are run by trusted computer systems which ensures fair but still favors the house. In this case, if we are to conduct a martingale, then we are like wasting our funds since there are no openings or holes of the platform that we could take advantage.

When I was just starting out in my gambling I thought Martingale is a sure win strategy, but all the variations I've used only lead me to lose my funds, but it was fun, you sometimes hit the jackpot and sometimes do not, you are left guessing if the martingale variations you've picked will be the one to beat the house, sometimes it is, sometimes it's not but it's fun.

The chances of gaining from this kind of strategy is already been populated and for sure every house take their counter strategy to continue favoring their business. It's a complete waste of time and money better to play to enjoy than trying to break the house system and losses every single penny from your bankroll. Take it into account that house always have its edge, the very reason why there's a lots of business owners who keep opening new casinos.

You've just bumped an old thread which its last reply was 9 months ago.You should know how to read up dates before necrobumping a thread.
Havent you aware that OP is long time offline or gone?Yes, its clear that hes just promoting something but its bad to discussed and bumped this old thread since
majority on here does know that money making or guaranteed profit strategies doesnt exist on real life.

Mods should probably lock this thread as there are enough martingale topics already


Isn't it the same with land-based casinos?

Personally, I don't see a lot of difference between online and "offline" casinos, at least as long as bets are not rigged (in either). I mean land-based casinos are as "digital" (in terms of outcomes, like odd or even, black or red, etc) as online ones. If you refer to bet outcomes and their randomness, then I would likely agree with you. However, if an online casino uses a hardware random number generator based on some physical process, there should be no particular difference in this regard, i.e. how random the outcomes are (if that was your point)


Was it not worthless "back then"?

You know, roulette usually have the worst edge because dice offers 1% edge but in case of roulette its much higher. You have numbers from 0 to 36 and they are mixed as red and black mostly. But, the number 0 is the house edge, you cannot bet on it in most roulette games and the edge becomes around 3% because of that.

I tell you something here, the roulette games that are not provably fair are sometimes rigged, I remember playing somewhere where the green number 0 would come almost every 15 rolls while it is supposed to arrive much lesser. So, martingale on roulette is not the smartest strategy.

Roulette is basically same as a dice but you need to calculate the odds yourself and you'll get them in fractions.
Red and black and Odd and evens are 50-50, not exactly as there's a green house edge. The house edge differs as smaller wheels have larger house edge while large wheels have smaller(for same number of greens). The groups, rows and choices offers smaller probability and you can combine them to get your own custom number.