Martingale isn't that bad

[leen93]

Am I right that when I want to make 1 btc profit from eg. 7 btc it is better to start doing this with a martingale strategy from 1 btc instead of going all in on a lower odd to earn this. Since with this strategy you wager on average less (1, 3 or 7 btc) than with the all-in strategy (7btc) I should on average lose less so I should have a higher chance making 8 btc from 7 btc using martingale than from an all-in bet?

[1715624701]

1715624701

[pedrog]

Yes, but with the amount of your bets approaching huge values like 1,000,000 the probability of you busting all your balance is going to 1, so eventually it will happen.

[GrandmaJean]

isnt that the same possibility to get 1 btc because of the house edge? you would have to make more bets with lower wins or 1 bet with bigger win

[RHavar]

Am I right that when I want to make 1 btc profit from eg. 7 btc it is better to start doing this with a martingale strategy from 1 btc instead of going all in on a lower odd to earn this. Since with this strategy you wager on average less (1, 3 or 7 btc) than with the all-in strategy (7btc) I should on average lose less so I should have a higher chance making 8 btc from 7 btc using martingale than from an all-in bet?

With a fixed house edge, yes, you are better to martingale. Your expected losses are based on how much you wager, and done properly a martingale will greatly reduce the amount you wager compared to an all-in bet, and thus improve your chances of winning.

[leen93]

felt bored and calculated it
so imagine you have 7 btc and want to make it 8 btc and there is a house edge of 2%
chance you'll be able to do this with martingale is 86.375%
chance you'll be able to do this with a bet of 7 btc is 85.75%
just a difference for exactly the same outcome

[98problems]

felt bored and calculated it
so imagine you have 7 btc and want to make it 8 btc and there is a house edge of 2%
chance you'll be able to do this with martingale is 86.375%
chance you'll be able to do this with a bet of 7 btc is 85.75%
just a difference for exactly the same outcome

so theres just no point to gamble small bets and waste your time on it. just do one bet and thats it

[bitllionaire]

martingale is not a bad strategy in ideal conditions, but if you have the house edge and a limited bank( it has to be really big related to your bets) you will finish losing you whole bank. If you think it is a win strategy,go and try it,and come to tell us your results

[kotwica666]

Someone checked, that you can lose up to 32 times in a row, so count how much you need to protect such a strategy .. The truth is that there is no 100% strategy to win. It is just luck ..Which I don't have

[luciann]

its not bad? well that depends all on the bankroll you have.. if you keep doubling you`ll bound to lose.

[rayhan]

martingale sucks, never using method like this again, no matter how much of bitcoin which i had always gone when using this method .. martingale can only be done on sports betting

[GMA7]

if you have 1000BTC bankroll and you have only 1satoshi as base bet then you can win with martingale

[rayhan]

if you have 1000BTC bankroll and you have only 1satoshi as base bet then you can win with martingale

how could anyone willing to waste the time only for 1 satoshi if he had 1kbtc

[malphite]

not bad... is so how much has anyone won from ding this long term.

[dznuts85]

from my own personal experiece, martingale isnt bad really, i sometimes use martingale and i profit most of the time. i think it only depends on how you control your betting, just dont go to "waiting the red streaks to come".. if you know what i mean

[waterpile]

 I started with a .1BTC bank roll and with the power of martingale

[Light]

I started with a .1BTC bank roll and with the power of martingale

TBH, you could've also lost all of that in a series of losses. Martingale always make you feel good because you think you have a winning strategy when in fact all it does is convince you to keep playing until you lose it all. That's why it's so profitable to run a large dice site (and why Stunna can lose 200 BTC due to exploits without blinking an eye).

[waterpile]

I started with a .1BTC bank roll and with the power of martingale

TBH, you could've also lost all of that in a series of losses. Martingale always make you feel good because you think you have a winning strategy when in fact all it does is convince you to keep playing until you lose it all. That's why it's so profitable to run a large dice site (and why Stunna can lose 200 BTC due to exploits without blinking an eye).

I think all methods and strategies can lead to a series of losses. I'm just pointing out that martingale and like all other strategies have no differences.


edit*

Its about knowing when to stop, when you hit your target profit.

[Ingatqhvq]

If you lose one time, it always happened, no matter how less chance it is, you may lost all your money. Martingale strategy doesn't work all the times.

[fox19891989]

I started with a .1BTC bank roll and with the power of martingale

Congrats, you got good luck. 0.1btc to 1+ btc, that's very nice profit.

Martingale system working when someone has good luck and big bankroll. Don't forget risk and bankroll management, when you loses in a row just stop and withdraw.

[Bit_Happy]

Am I right that when I want to make 1 btc profit from eg. 7 btc it is better to start doing this with a martingale strategy from 1 btc instead of going all in on a lower odd to earn this. Since with this strategy you wager on average less (1, 3 or 7 btc) than with the all-in strategy (7btc) I should on average lose less so I should have a higher chance making 8 btc from 7 btc using martingale than from an all-in bet?

Martingale isn't that bad if you (for example) start with ~0.03 BTC and treat it like 3 Million units.
Betting small amounts you can have winning streaks that last over 8 to 10 days, just make sure the effort is worth your time (and money if you lose)