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1  Economy / Gambling discussion / Re: Where to seek help if you need; concerned with gambling addiction. on: June 20, 2021, 09:16:28 PM
It could seem like an unortodox way for stopping being addicted to gambling, but sometimes an easy way out of this addiction could be to learn smart betting strategies.
I mean if you are addicted, you won't stop betting, but at least you will have the chance to generate money from it. I know it's hard for someone who is addicted to follow rules, but at least for some of these players could be a way out.

You can read the following articles if you are interested.
Recover from gambling losses
Why do gamblers always lose

2  Economy / Gambling discussion / Re: Why the martingale system sucks! (doubling down on losses) on: May 12, 2021, 11:47:42 AM
This is betting 101. It is not only people recommending martigale out there, it is also that they tend to mix it with other betting systems that are probably as useless - to put it softly - as this one. Doubling the bet does not work in math, does not work in practice and anyone who still holds a doubt about it should play some simulations with monopoly money. As said in the post, not even without betting limits is there any merit on it.

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


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

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

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

In poker, slots ...blackjack...I have no idea, but in sports betting is not a sustainable staking strategy.
3  Economy / Gambling discussion / Re: Why the martingale system sucks! (doubling down on losses) on: May 11, 2021, 07:44:24 PM
After my experience, the martingale money management strategy is one of the most dangerous ways of staking. It assumes that after at least 10-11 bets (depending on your bankroll) you will have a winner bet.
I've been value betting for years and I can say that even with the best smart betting strategy you can have a streak of even 13-14 lost bets. Don't ask me how is it possible  Cheesy Cheesy but I experienced that.
A more soft way of using martingale probably can help you in decreasing the loss by doubling only every second bet when you lose...but even that can be dangerous.

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


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