Losing a martingale is easier than you think

[zeaderza]

I know martingale is a bad strategy for dice games or casino.
But you can make profit with martingale with sportbets.
I use martingale and bet on number of goals.

[boopy265420]

I already say that martingale doesn't work if you keep playing in long sessions.I always loose whenever I tried martingale.All you need is just luck because if you are lucky enough you will get many green streaks in random bets.Quite a few times I won and all the time was when I placed random bets.

[abonarea]

If you place minimum bets and this way martingale works then too there is no use of it.If would be good if this martingale strategy works for both minimum and big bets.It really didn't work for me never.

[trickshot22]

of course loosing martingale is extremely easy, in order to win big you need to bet big and if you will win big it will fail you in a few rolls, in my opinion its better to avoid it

[Compa]

of course loosing martingale is extremely easy, in order to win big you need to bet big and if you will win big it will fail you in a few rolls, in my opinion its better to avoid it

This is a strategy high risk to use with small amount. But for me in gambling no strategies
It is depends on luck and dont be greedy if you got a profit or you will lose it.

[Chemistry1988]

... indeed, with an house edge of 1% and betting 2x, you have 19.33% of chances to encounter an 8 losing streak in your first 100 bets. 1/5, not so hard...

The math behind this is really hard, I struggled a bit to find it out and I definitely can't understand it, but for people who can here's the link:

http://www.askamathematician.com/2010/07/q-whats-the-chance-of-getting-a-run-of-k-successes-in-n-bernoulli-trials-why-use-approximations-when-the-exact-answer-is-known/


And, for lazy people like me, here you can find a calculator:

http://maxgriffin.net/CalcStreaks.shtml


I'm just sharing, because I was asking thiis question myself for a time, and now I found the answer

The number 19.33% you get is close enough, but it is not correct. With a house edge of 1%, you actually have 50.5% chance to lose a 2x bet, and hence the actual chance for you to get 8 losses in a row in 100 bets is 18.15141%. It seems you have used 51% in your calculation which would implies a 2% house edge instead of 1%.

[fravia]

... indeed, with an house edge of 1% and betting 2x, you have 19.33% of chances to encounter an 8 losing streak in your first 100 bets. 1/5, not so hard...

The math behind this is really hard, I struggled a bit to find it out and I definitely can't understand it, but for people who can here's the link:

http://www.askamathematician.com/2010/07/q-whats-the-chance-of-getting-a-run-of-k-successes-in-n-bernoulli-trials-why-use-approximations-when-the-exact-answer-is-known/


And, for lazy people like me, here you can find a calculator:

http://maxgriffin.net/CalcStreaks.shtml


I'm just sharing, because I was asking thiis question myself for a time, and now I found the answer

i must agree with you, i used to use martingale strategy when i just found out about dice gambling websites and i decided to quit it because it always made me lose, just dont use it

[Nimbulan]

not only martingale is the strategy that will make you loose all the money you have, you should avoid all of them as it will hook you and you will not be able to escape it because of the ideas that you might beat casino

[KingZee]

I'm not sure about the name of this strategy, but it's been said to give you better wins on streaks :

1) Whenever you lose, keep the same base bet.

2) When you win, raise your bet by an increment higher than the base bet.

Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.

[shogdite]

I'm not sure about the name of this strategy, but it's been said to give you better wins on streaks :

1) Whenever you lose, keep the same base bet.

2) When you win, raise your bet by an increment higher than the base bet.

Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.

I don't know the name of the above strategy but i can help you name it. The losing strategy just like the martingale the math was done long ago and i am surprised people still try and work the method out and even use it.

not only martingale is the strategy that will make you loose all the money you have, you should avoid all of them as it will hook you and you will not be able to escape it because of the ideas that you might beat casino

You could not speak the truth more clearly. This is a big part of the casinos profit, gamblers thinking they can beat the house edge with a strategy or method. Before they know it they are addicted and losing everything.

[Chemistry1988]

I'm not sure about the name of this strategy, but it's been said to give you better wins on streaks :

1) Whenever you lose, keep the same base bet.

2) When you win, raise your bet by an increment higher than the base bet.

Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.

I don't know the name of the above strategy but i can help you name it. The losing strategy just like the martingale the math was done long ago and i am surprised people still try and work the method out and even use it.

That sounds like the reverse martingale aka anti-martingale. For your reference: https://en.wikipedia.org/wiki/Martingale_(betting_system)#Anti-martingale Anyway, as KingZee said, it does not work in the long run either, or I should say nothing works in the long run in dice.

[erre]

... indeed, with an house edge of 1% and betting 2x, you have 19.33% of chances to encounter an 8 losing streak in your first 100 bets. 1/5, not so hard...

The math behind this is really hard, I struggled a bit to find it out and I definitely can't understand it, but for people who can here's the link:

http://www.askamathematician.com/2010/07/q-whats-the-chance-of-getting-a-run-of-k-successes-in-n-bernoulli-trials-why-use-approximations-when-the-exact-answer-is-known/


And, for lazy people like me, here you can find a calculator:

http://maxgriffin.net/CalcStreaks.shtml


I'm just sharing, because I was asking thiis question myself for a time, and now I found the answer

The number 19.33% you get is close enough, but it is not correct. With a house edge of 1%, you actually have 50.5% chance to lose a 2x bet, and hence the actual chance for you to get 8 losses in a row in 100 bets is 18.15141%. It seems you have used 51% in your calculation which would implies a 2% house edge instead of 1%.

Thank you for pointing it out

[vendetahome]

I'm not sure about the name of this strategy, but it's been said to give you better wins on streaks :

1) Whenever you lose, keep the same base bet.

2) When you win, raise your bet by an increment higher than the base bet.

Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.

I don't know the name of the above strategy but i can help you name it. The losing strategy just like the martingale the math was done long ago and i am surprised people still try and work the method out and even use it.

not only martingale is the strategy that will make you loose all the money you have, you should avoid all of them as it will hook you and you will not be able to escape it because of the ideas that you might beat casino

You could not speak the truth more clearly. This is a big part of the casinos profit, gamblers thinking they can beat the house edge with a strategy or method. Before they know it they are addicted and losing everything.

usually people who are trying those strategies are newbies who dont really know how gambling works before losing everything a couple of times what makes them to read more about it

[KingZee]

usually people who are trying those strategies are newbies who dont really know how gambling works before losing everything a couple of times what makes them to read more about it

I only gamble what I can afford to lose. This is generally the only rule you need to follow when gambling. Newbies are people who consider gambling some sort of job, and think that there's at least one strategy out there that will always work out for them. So, if you think you know how "gambling works", I feel sorry for you.

[shogdite]

I'm not sure about the name of this strategy, but it's been said to give you better wins on streaks :

1) Whenever you lose, keep the same base bet.

2) When you win, raise your bet by an increment higher than the base bet.

Using this strategy, if you lose 5 times in a row, you only need 2 - 3 more bets to make up for your winnings. And losing 5 times in a row, only costs 5 times the base bet. While on a martingale, losing 5 times in a row can cost you your whole bankroll.

I don't know the name of the above strategy but i can help you name it. The losing strategy just like the martingale the math was done long ago and i am surprised people still try and work the method out and even use it.

not only martingale is the strategy that will make you loose all the money you have, you should avoid all of them as it will hook you and you will not be able to escape it because of the ideas that you might beat casino

You could not speak the truth more clearly. This is a big part of the casinos profit, gamblers thinking they can beat the house edge with a strategy or method. Before they know it they are addicted and losing everything.

usually people who are trying those strategies are newbies who dont really know how gambling works before losing everything a couple of times what makes them to read more about it

That is probably the sad truth but it is also a certain kind of personality that would jump into a method thinking they will win big and even break the house. It is delusional and the sooner they read and work it out the better for their mental health and cash flow. The casinos that have been built to the sky by the suckers should show there is no method. I am not saying i dont gamble because i do i just dont kid myself and as the subject says i realize how easy it is to lose.

[Dannie]

The second link to the calculator comes in handy. I always know it is not that rare to have a long streak but never know how to calculate it myself, and now it becomes very easy for me to do the calculation. Thanks a lot for sharing it.

[buyinbtc]

loosing a martingale is really easy, i think its one of the easiest ways to loose all your money you have, i stay away from it and i never gamble my money with strategies

[pearnapple]

i dont think that it is hard to lose with a martingale strategy, i think that its easier to make a 2x all in than make your balance 2x with a martingale strategy, its just better not to use it in any case

[quadriple7]

i always knew that, thats why i dont like to use it at all, there are a lot of other strategies that might be handy also you can create one yourself

[cancerbola]

I know martingale is a bad strategy for dice games or casino.
But you can make profit with martingale with sportbets.
I use martingale and bet on number of goals.

Have you ever seen a sports team lose all their matches in the season? I have: in 2008, the Detroit Lions lost all of their regular season matches... If you had done a martingale on Detroit Lions winning on the Money Line with a base bet of $1, you would had to bet $65536 on the last week (and would had lost that too).

Just to prove that loss streaks happen in sports, although in my opinion, it won't be that likely to occur compared to plain o' dice, if you know what you're doing.