leen93 (OP)
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April 09, 2015, 04:49:22 PM |
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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?
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pedrog
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April 09, 2015, 04:53:58 PM |
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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.
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GrandmaJean
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April 09, 2015, 05:41:40 PM |
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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
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leen93 (OP)
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April 09, 2015, 05:49:12 PM |
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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
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98problems
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April 09, 2015, 06:12:03 PM |
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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
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bitllionaire
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April 09, 2015, 06:37:12 PM |
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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
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kotwica666
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April 09, 2015, 07:40:30 PM |
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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
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luciann
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April 10, 2015, 12:01:55 AM |
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its not bad? well that depends all on the bankroll you have.. if you keep doubling you`ll bound to lose.
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rayhan
Sr. Member
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Activity: 378
Merit: 250
be your self
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April 10, 2015, 12:28:47 AM |
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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
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GMA7
Newbie
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April 10, 2015, 12:34:02 AM |
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if you have 1000BTC bankroll and you have only 1satoshi as base bet then you can win with martingale
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rayhan
Sr. Member
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Merit: 250
be your self
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April 10, 2015, 12:45:02 AM |
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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
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malphite
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April 10, 2015, 12:49:09 AM |
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not bad... is so how much has anyone won from ding this long term.
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dznuts85
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★777Coin.com★ Fun BTC Casino!
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April 10, 2015, 01:08:36 AM |
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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
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waterpile
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April 10, 2015, 01:29:58 AM |
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I started with a .1 BTC bank roll and with the power of martingale
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Light
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April 10, 2015, 01:35:28 AM |
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I started with a .1 BTC 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).
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waterpile
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April 10, 2015, 01:37:37 AM |
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I started with a .1 BTC 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.
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Ingatqhvq
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April 10, 2015, 03:15:10 AM |
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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.
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fox19891989
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April 10, 2015, 03:21:08 AM |
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I started with a .1 BTC 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.
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Bit_Happy
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A Great Time to Start Something!
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April 10, 2015, 03:30:35 AM |
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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)
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bitbaby
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April 10, 2015, 03:33:09 AM |
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I don't know about that. I think mostly you get lucky and you feel that a certain strategy worked. I had quite a bad luck this week, lost about 0.3 BTC playing roulette and dice with Martingay.
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