Bitcoin Forum
December 12, 2024, 01:47:08 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 »  All
  Print  
Author Topic: Biggest streak that you won in the end  (Read 4159 times)
siwakotisaurav (OP)
Sr. Member
****
Offline Offline

Activity: 577
Merit: 283


View Profile
June 10, 2015, 03:44:45 PM
 #1

The title pretty much explains it,
What is your biggest losing streak at martingale which you won in the end?
Rmcdermott927
Legendary
*
Offline Offline

Activity: 2254
Merit: 1140


View Profile
June 10, 2015, 04:14:33 PM
 #2

The title pretty much explains it,
What is your biggest losing streak at martingale which you won in the end?

I lost something ridiculous like 13 times in a row on dice.   I was forunate to not have risked that much total.   I would have been really unhappy if it was a lot more money.   After that, I usually only bet a couple of satoshis initially when doing martingdale.   

xFrostee
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
June 10, 2015, 04:18:47 PM
 #3

The title pretty much explains it,
What is your biggest losing streak at martingale which you won in the end?

Max i got  is 14 and luckily i won on the very next roll but sometimes i cant cover the red streak with my bankroll
newcripto
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


View Profile
June 10, 2015, 04:23:56 PM
 #4

At start I was thinking maximum 10 negative can come and that worked too for me for a while.Later I saw I got even 12 negative and after that I won the bet.Since then I am sure in gambling nothing is 100% everything works till it breaks at some point.Now I am not in this thinking anymore I just place according to the game as few one side and few bets on other side.
Hura
Sr. Member
****
Offline Offline

Activity: 490
Merit: 250



View Profile
June 10, 2015, 04:26:02 PM
Last edit: June 10, 2015, 05:49:26 PM by Hura
 #5

The title pretty much explains it,
What is your biggest losing streak at martingale which you won in the end?

If you're looking for a math answer... use this formula to find the odds:

p = 1 - 0.505 ^ x            and        q = 1 - p

where:

"p" = is the odds that you win at least 1 time in "x" rolls

"1" = 100%

"x" = number of rolls

"0.505" = is the odds that you lose each roll (you can change with your lose chance)

"q" = is the odds that you bust after "x" rolls (you never won in "x" rolls)

So, if you're playing at dice, like i think is Smiley , at 49.5% winning chance (and 50.5% you're losing)...
which is your odds to bust after 20 rolls?

p = 1 - 0.505 ^ 20        =    0.9999988363361    =    99.99988 % (you win at least 1 time in 20 rolls)

q = 1 - p       =    0.0000011636639       =     0.000116 %  (you never won in 20 rolls... you BUST)

it means that it happens  one times  every  1 / q  =  859,354.662


 Grin Good luck

Wolframite
Member
**
Offline Offline

Activity: 96
Merit: 10


View Profile
June 10, 2015, 04:26:34 PM
 #6

The title pretty much explains it,
What is your biggest losing streak at martingale which you won in the end?
The maximum I have lost is 12 times in a rot but in the end I betted a huge amount and won but now I play with caution

romano1
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


have fun


View Profile
June 10, 2015, 04:27:12 PM
 #7

The title pretty much explains it,
What is your biggest losing streak at martingale which you won in the end?

While I was playing at DaDice I had a streak of 7 losses then finally won ( at 50% odds ) , while I had even 10 + loosing streaks on other sites, Now I am playing at 90% chance and only had 2 losses in a row maximum till now.


I lost something ridiculous like 13 times in a row on dice.   I was forunate to not have risked that much total.   I would have been really unhappy if it was a lot more money.   After that, I usually only bet a couple of satoshis initially when doing martingdale.  

13 is really unlucky man Sad , I am happy I never faced such Wink
Bananana
Sr. Member
****
Offline Offline

Activity: 481
Merit: 250



View Profile WWW
June 10, 2015, 04:49:25 PM
 #8

The title pretty much explains it,
What is your biggest losing streak at martingale which you won in the end?

My biggest losing streak is 16 on primedice and won it back on the 17th bet. But after that I lost all my money on 20 losing streak Sad.

romano1
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


have fun


View Profile
June 10, 2015, 04:58:49 PM
 #9

The title pretty much explains it,
What is your biggest losing streak at martingale which you won in the end?

My biggest losing streak is 16 on primedice and won it back on the 17th bet. But after that I lost all my money on 20 losing streak Sad.

I thought I was the only one loosing more than enough on PrimeDice but I am satisfied that there are many more. I now play at DaDice.
cryptworld
Hero Member
*****
Offline Offline

Activity: 714
Merit: 503



View Profile
June 10, 2015, 05:14:14 PM
 #10

I don't usually play martingale I only remember 4 in a row losing,not many losses
boopy265420
Legendary
*
Offline Offline

Activity: 1876
Merit: 1005


View Profile
June 10, 2015, 05:16:28 PM
 #11

Once this happened to me too while I was playing I faced 15 loosing streak in a row and luckily the 16th streak brought not only my loosing amount but also some profit too.There is not any certain figure you can predict about expected loosing streaks but usually this is the range 9-16 loosing what most of the players face.
romano1
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


have fun


View Profile
June 10, 2015, 05:18:03 PM
 #12

Once this happened to me too while I was playing I faced 15 loosing streak in a row and luckily the 16th streak brought not only my loosing amount but also some profit too.There is not any certain figure you can predict about expected loosing streaks but usually this is the range 9-16 loosing what most of the players face.

yeah and this is common if you play at 50% winning chance or less, while if you play over 66% win chance, its tough to loose 15+ bets in a row.
edmundduke
Legendary
*
Offline Offline

Activity: 1624
Merit: 1007


View Profile
June 10, 2015, 05:20:16 PM
 #13

Biggest streak that i won would be:
x1.5 multiplier and i won 19 in a row i think

and for loosing streaks with a win was
x2 multiplier and it was 16-17 in a row i think
PryptoMontreal
Sr. Member
****
Offline Offline

Activity: 588
Merit: 285



View Profile
June 10, 2015, 05:48:52 PM
 #14

Biggest I have won is playing at 1.4x (70%) and won ~15 bets in a row
ajaxmoor
Legendary
*
Offline Offline

Activity: 1372
Merit: 1000


View Profile
June 10, 2015, 06:53:49 PM
 #15

The biggest I have ever risked has been around 2.5 BTC on a martingale. And the strange thing is that the end bet I won wasn't a part of it. I was martingaling from 0.005 and was only part of a 1 or 2 bet series I did. I lost a total of 2.5 BTC and my next bet was supposed to be around 2.9 BTC, and I had only 0.4 in my account left after the last bet which was around 1.3. Luckily, just super luckily, I was frustated and went ahead to bet at 10x with the last 0.4 and hit over 90 instantly giving me 4 BTC. That was just an amazing streak I had had.
siwakotisaurav (OP)
Sr. Member
****
Offline Offline

Activity: 577
Merit: 283


View Profile
June 12, 2015, 04:47:44 PM
 #16

The biggest I have ever risked has been around 2.5 BTC on a martingale. And the strange thing is that the end bet I won wasn't a part of it. I was martingaling from 0.005 and was only part of a 1 or 2 bet series I did. I lost a total of 2.5 BTC and my next bet was supposed to be around 2.9 BTC, and I had only 0.4 in my account left after the last bet which was around 1.3. Luckily, just super luckily, I was frustated and went ahead to bet at 10x with the last 0.4 and hit over 90 instantly giving me 4 BTC. That was just an amazing streak I had had.
Awesome,martingale sometimes sucks though. I once lost 0.1btc martingaling 0.0001btc.
jeannemadrigal2
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250



View Profile
June 12, 2015, 05:03:04 PM
 #17

I never tried martingale because I have bad luck with that.  I hear that sooner or later that you will lose.  I have lost 5 bets in a row before on dice, 50%, so already that is getting pretty big for making a new bet.
XinXan
Hero Member
*****
Offline Offline

Activity: 1064
Merit: 505


View Profile
June 12, 2015, 07:42:06 PM
 #18

I was once betting martingale-ish style at 5% and i kept loosing and loosing, increasing my bet size every 10 bets until i was about to lose everything, it was the last bet, everything or nothing and boom, won bet, that was quite an experience.
anderson00673
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250



View Profile
June 12, 2015, 08:06:01 PM
 #19

I actually used this system on a game called Kingdom of Loathing to bet against other players.  Once it crapped out on me because I didn't have enough meat to back it up (meat is the in game currency).  But the next time I tried it I went through about 5 mils meat to win.  And the profit was so small that I decided that it was a waste of time lol.
grendel25
Legendary
*
Offline Offline

Activity: 2296
Merit: 1031



View Profile
June 13, 2015, 01:10:31 AM
 #20

The title pretty much explains it,
What is your biggest losing streak at martingale which you won in the end?

If you're looking for a math answer... use this formula to find the odds:

p = 1 - 0.505 ^ x            and        q = 1 - p

where:

"p" = is the odds that you win at least 1 time in "x" rolls

"1" = 100%

"x" = number of rolls

"0.505" = is the odds that you lose each roll (you can change with your lose chance)

"q" = is the odds that you bust after "x" rolls (you never won in "x" rolls)

So, if you're playing at dice, like i think is Smiley , at 49.5% winning chance (and 50.5% you're losing)...
which is your odds to bust after 20 rolls?

p = 1 - 0.505 ^ 20        =    0.9999988363361    =    99.99988 % (you win at least 1 time in 20 rolls)

q = 1 - p       =    0.0000011636639       =     0.000116 %  (you never won in 20 rolls... you BUST)

it means that it happens  one times  every  1 / q  =  859,354.662


 Grin Good luck

Hura, my new friend, that is by far one of the best posts I've ever read in this forum.  You took math and explained it in such a way that just about anyone could understand it and more importantly even take notes and apply it.  Very well said, Hura.  I am taking note of your explanation and will use this to better understand probabilities.  Thank you.  

Edit:  And to speak to the OP but also tie in Hura's comment:  I am currently observing two losing streaks of 22 out of about 214,000 rolls.  So it may be mathematically correct that you should not expect to see such large loss streaks but the reality is that it can happen much sooner than once in 859K+ rolls.  In my recent experience I've seen bigger losing streaks in one-quarter the amount of predicted rolls.

..EPICENTRAL .....
..EPIC: Epic Private Internet Cash..
.
.
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄████████████████▀▀█████▄
▄████████████▀▀▀    ██████▄
████████▀▀▀   ▄▀   ████████
█████▄     ▄█▀     ████████
████████▄ █▀      █████████
▀████████▌▐       ████████▀
▀████████ ▄██▄  ████████▀
▀█████████████▄███████▀
▀█████████████████▀
▀▀█████████▀▀
.
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄████████▀█████▀████████▄
▄██████▀  ▀     ▀  ▀██████▄
██████▌             ▐██████
██████    ██   ██    ██████
█████▌    ▀▀   ▀▀    ▐█████
▀█████▄  ▄▄     ▄▄  ▄█████▀
▀██████▄▄███████▄▄██████▀
▀█████████████████████▀
▀█████████████████▀
▀▀█████████▀▀
.
.
[/center]
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!