Losing a martingale is easier than you think

[Supercrypt]

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

Loosing in martingale is actually easy right. But some people use their superb duper strategies ( lol loosing chances aare same ) and really make profit. It can be understood as someone blinding up his 2 btc at 2 odds is much likely to loose than someone doing martingale with 0.01 bas bet and 2 btc bankroll.

[diodio5]

yeah when martiangle eat all my balance
maybe this method work for short term, because i ever make 0.01 to 0.013 in primedice with martiangle
the important thing is dont be greedy

[asuryan180]

yeah when martiangle eat all my balance
maybe this method work for short term, because i ever make 0.01 to 0.013 in primedice with martiangle
the important thing is dont be greedy

It works until it doesn't but you cant say when your luck might switch and keep on rolling just in hope of winning is the biggest mistake or gamblers fallacy.
You can also hit 40 reds in the beginning rolls.Nothing gives you surety to not to hit.

[BTCevo]

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.

I think Detroit is one exception. There is only one in so many team that you have bet. Btw is that team top rank team? I wonder if people keep betting on low rank team and keep martingale it because it will be stupid enough to choose lower rank team to place your bet

[shanem]

Martingale is very risky and I saw in a dice site that losing 10 times in a row at 2 odds is not rare. This is why I have stopped using martingale and just do direct betting instead.

[fox19891989]

LOL, this page is awesome, nice to see so complex math formulas to prove them, but for my personal feeling, it can't be so high almost 20%, only 1% house edge, why so high?

[victoryboy]

I am fully aware of this risk of loosing money when playing with martingale.I have lost sometimes when I got 12 red streaks in a row and I was having 0.10BTC divided on 13 streaks but I didn't reach to that long.You can not relay on martingale to win.

[Xandan]

Everything works till some certain point if you are lucky enough to take your winnings you think that worked for you.Martingale is same it worked for some people but let many without money in the end.

[fravia]

Everything works till some certain point if you are lucky enough to take your winnings you think that worked for you.Martingale is same it worked for some people but let many without money in the end.

martingale can make you lose at the time you just start it, for example you can easily get 20 losses in a row as no one knows how will betting turn out, it would make you loose everything

[Erza]

Martingale is a great and standard skill for everyone to use because it simple enough for everyone to use it but the problem is how are you going to manage your multiplier and on loss and everything to get some profit? This thing is the hardest part and no one still not be able to set it well unless depends on your luck

[hua_hui]

Martingale is a great and standard skill for everyone to use because it simple enough for everyone to use it but the problem is how are you going to manage your multiplier and on loss and everything to get some profit? This thing is the hardest part and no one still not be able to set it well unless depends on your luck

it is just a way to play with your $$. however, as what many have said, the house edge is still against you. so you may reduce the house edge by using martingale but in the long run, you still end up losing to house edge.

[Pony789]

That is an interesting calculator, but I am not sure if it is helpful to convince martingale players to stop using it or to acknowledge its risk. I mean, those who know maths and at least believe in math (dooglus and others have explained it numerous times) would understand martingale is no good long ago. But those who don't know or don't believe in math will not believe the calculator either.

[panjul07]

Martingale is a great and standard skill for everyone to use because it simple enough for everyone to use it but the problem is how are you going to manage your multiplier and on loss and everything to get some profit? This thing is the hardest part and no one still not be able to set it well unless depends on your luck

Martingale is still martingale.
No matter how you set the multiplier, how much your base bet, how much you increase on loss. It will always end in the same "LOSE", especially if you use an auto betting feature.

[pinoycash]

Martingale is a great and standard skill for everyone to use because it simple enough for everyone to use it but the problem is how are you going to manage your multiplier and on loss and everything to get some profit? This thing is the hardest part and no one still not be able to set it well unless depends on your luck

Martingale is still martingale.
No matter how you set the multiplier, how much your base bet, how much you increase on loss. It will always end in the same "LOSE", especially if you use an auto betting feature.

Yes, This is a proven fact, and base on everyone experience, Using manual on Martingale, is the hardest part especially after 8 losing streak you need to decide to go for it or save your bank.

[bering]

i'm done with these strategy because have been did it several times and mostly my bet result is lose although i do martingale for sport betting but it's does not working for me

[LFC_Bitcoin]

I've never thought about pinning my hopes on any kind of betting system, they're all bull shit imo. The house wins more often than not. Just gamble with small amounts & have fun.

Don't try to rely on any kind of system.

[Bugf1x]

Martingale is fun, yesterday I started with 0.002 at PD, got it up to 0.1, was about to deposit but then a couple of secs later I was at almost 0 balance
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.

[panjul07]

Martingale is fun, yesterday I started with 0.0002 at PD, got it up to 0.1, was about to deposit but then a couple of secs later I was at almost 0 balance
Keep in mind that this took a long time, with not a very big bet amount, I lost like 7 times in a row or something.

Could you please share your martingale setting and how long you made that 0.1 just from 0.0002? It is too good to be true, but nothing impossible when you have a great luck.

[mtnsaa]

I mean, honestly I've tried martingale system knowing that it won't work long term but I've used for 20 minutes or so in satoshi mines I remember. I got great results and more than doubled my money. What that means? well I got lucky, but I was at the brink of losing it all many times, so I know if I've kept playing I will lose eventually.

I think this is a system very similar to just bet on black, less than 50%, double your money or lose it all, it's a hailmary attempt. The question is: it better than gambling without a system thinking you will outwin the house? That's what most gamblers do...

[Joel_Jantsen]

I went through the formulas and the approximations given in your link.As the started paragraphs said,its very difficult to determine the winning streaks so whatever answers are derived ,they're on basis of some formulas and approximations.Doesn't necessarily have to be accurate in the gambling case,because the formula assumes find the probability of of a consecutive event at N number of times when the given sample space is "S" which is known.Gambling is quite different,the sample place formerly is not known and there are multiple events .