Martingale System

[iggi9]

I tried Martingale System and I can say with certainty that Martingale almost allways fail. The main reason is that you need a huge amount of money.

[Remember remember the 5th of November]

I tried Martingale System and I can say with certainty that Martingale almost allways fail. The main reason is that you need a huge amount of money.

Actually you need an infinite amount(not a pun), as stated in the Wikipedia article.

[iggi9]

Actually you need an infinite amount(not a pun), as stated in the Wikipedia article.

Of Course, every time when you lose, you need to double your investment. In theory it sounds easy, but when you start play it's not. After every investment you can lose.

For example:
invest:
1 - lose
2 - lose
4 - lose
8 - lose
16 - lose
32 - lose
64 - lose
128 - lose

and so on

[JoelKatz]

Well the issue is that you will likely eventually have a bad luck streak as you play for longer periods of times.

Right, but it's very unlikely that you play for longer periods of time.

There is also a greater chance that you have a very long good streak however this does not matter as martingale will only allow you to make small amounts for each win as you have a good winning streak.

That's the whole point. You accept a smaller profit in exchange for a very low chance of loss.

[mullerdan]

With Martingale, you will risk to lose everything. On the long term , the chances of winning are lower than lose.

[jjacob]

I tried Martingale System and I can say with certainty that Martingale almost allways fail. The main reason is that you need a huge amount of money.

You need an unlimited amount of money and the casino needs to accept unlimited bets.
It doesn't help if the casino has an upper limit on the amount which can be bet.

[JoelKatz]

I tried Martingale System and I can say with certainty that Martingale almost allways fail. The main reason is that you need a huge amount of money.

You need an unlimited amount of money and the casino needs to accept unlimited bets.
It doesn't help if the casino has an upper limit on the amount which can be bet.

That can be fixed with trivial adjustments to the betting system.
http://wizardofodds.com/gambling/betting-systems/cancellation/

You still need a very large bankroll to win a very small amount of money. But the probability that you will come out ahead can reach around 99% under realistic conditions.

[bajing]

is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.

maybe it worth but u need have many bitcoin before u think play gambling with martiangle... and u know what risk if u gamble

[Pkofet]

With Martingale, you will risk to lose everything.

This is true for all gambling. So don't gamble more than you can afford to lose.

On the long term , the chances of winning are lower than lose.

So you need to set a target and stop when you reach it.

[El Emperador]

You may better try that system on Freedoge.co.in

[karthus]

the martingale system is more of a martinfail system, unless you have a unlimited huge bank roll.

[BigBill]

You may better try that system on Freedoge.co.in

It is doesn't work but this should not be surprise

[kassadin]

why does everyone even try it then? 

[ligeros]

why does everyone even try it then? 

because it´s easy, it´s fast and it works very well until fail

[cryptasm]

I have seen the craziest stuff happening with people that martingale, I know some 1 that made 200x of what he started with, than he lost it all=P