Martingale for win, my own experience

[marsmyname]

I guess that you cannot always win with your martingale strategy because of it still difficult to get this strategies works in a long time no matter you can master the strategies. maybe martingale is work in the short time only and for a long time, I think you need to make another strategy so you can still win in the game. I hope that you can control yourself and not spend too much money if you decide to play in all day long.

Martingale will work if :
1. We have an unlimited balance
2. The casino has no max profit rule, means we can bet with whatever amount we want.

And I guess, those two conditions will be impossible to achieve and that is why I considered martingale isn't the perfect strategy in gambling. It can work if we are lucky enough and know how to stop, otherwise it will fail.

Otherwise, it is not possible for everyone to win bets with the help of this strategy. I highly support your both conditions and everyone knows none of them is possible. So basically, if someone wins a good amount with martingale then definitely it was his luck. Ultimately, gambling is a game of luck and pure luck only. Random games cannot be won by any strategy.

[yugyug]

Gambling is a game of luck some strategies work and some strategies won't and it vary from player to player so sometimes martingale's strategy work for you but if you do it habitually the system might detect your behaviour and  it randomly select a winning strategy that might end up of losing your game. the gambling house is always for the win in any means.

[Pan Troglodytes]

-snip-

I don't want to advocate martingale strategy but for fairness' sake I must say that it can make you a fortune in some scenarios, and here's how. The thing is that sometimes you win your first bet, and the second one, and the third one. When using an automated betting on a dice site with good speed it can bring you $3 per second in the best case scenario, and $1 per second on average. With $256 bankroll you can safely afford 7 reds in a row and it is possible that in a time span, say, of 20 minutes you won't hit 8 reds in a row playing with 49.5% win chance. Thus you can make over $1k in 20 minutes. There were numerous examples of that and that's why this strategy is so attractive. If gamblers were only losing with martingale, this strategy would be forgotten long time ago and we wouldn't be discussing it here.

That being said, it is not improbable that you will lose your $256 during the first five seconds, and it most likely that you will lose everything with thousands and thousands of bets.

Well, for fairness sake, if one must risk all one's bank roll - well, just let one do exactly that. Betting all one's bankroll and starting with 256$ one needs to win only twice to get over 1k. I didn't calculate the odds for both but I bet they are much better than achieving the same with martingales.

No, they are not. In fact, they are absolutely the same. Depending on the House Edge, on a provably fair site, your odds of doubling you bankroll are always the same regardless of what strategy you are using. Say, if the house edge is 1%, then the probability of that is 49.5%; if the house edge is 5% then it's 47.50% and so on. Consequently, the probability of quadrupling your bankroll is 24.75% in the former case, and 23.75% in the latter. You can do martingale for 20 minutes, or you can go all in at once with 25% win chance, it doesn't matter. The probability of increasing your bankroll fourfold (or xfold) is always the same on the same site.

Well I salute your mathematical intuition because on the second thought: you must be right saying that the probabilities are equal. Thanks I will incorporate that into my intuition too

[slasher0489]

I guess that you cannot always win with your martingale strategy because of it still difficult to get this strategies works in a long time no matter you can master the strategies. maybe martingale is work in the short time only and for a long time, I think you need to make another strategy so you can still win in the game. I hope that you can control yourself and not spend too much money if you decide to play in all day long.

Martingale will work if :
1. We have an unlimited balance
2. The casino has no max profit rule, means we can bet with whatever amount we want.

And I guess, those two conditions will be impossible to achieve and that is why I considered martingale isn't the perfect strategy in gambling. It can work if we are lucky enough and know how to stop, otherwise it will fail.

Otherwise, it is not possible for everyone to win bets with the help of this strategy. I highly support your both conditions and everyone knows none of them is possible. So basically, if someone wins a good amount with martingale then definitely it was his luck. Ultimately, gambling is a game of luck and pure luck only. Random games cannot be won by any strategy.

If you know when to stop in a martingale strategy you won't be broke. Indeed it is definitely luck you need in gambling even if you have strategy working for you, it is not enough because it is gambling.

[BartS]

Martingale will never work in the long term, neither in the short term I will think. There will always be that advantage to the house that will make them win sooner or later. Once you lose 5 time there is so much risk to just win a few bucks. Not fun either, I have way more fun playing BlackJack or Roulette. Try some different things because this method doesnt work, sooner or later you will hit a big losing streak.

And that is another problem of martingale it escalates very quickly and you need to bet more and more just to recover your money, if you bet one dollar as your base bet after losing 5 times you are risking 16 dollars just to get one dollar back, it is a system that puts more and more money at risk and while you could get your money back most of the time but the one time you don't will break you, and this applies to all games that have a negative EV, like roulette, craps, dice or sports bets.