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Author Topic: Is Martingale Profitable ???  (Read 7180 times)
23dzmaz
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March 11, 2016, 05:33:38 AM
 #141

Not impossible to stop while ahead? I see people with 25k sat go to 300k and then stop and its easy profit.

I really agree with you. Better you stop when you get much profit using martingale strategy. make 300k satoshi from 25k is really good imo.

But very less people will withdraw there winnings in gambling because of greediness most of the people end up all there money again back to casino. That's why today all casino's becoming rich and gamblers are becoming poor. This martingale strategy will not always works for every one because this method needs a luck to win money.

I guess not all gambler are becoming so poor, some of them still can earn a lot or even become millionaire after gambling for quite some time. This is matter of luck though. And btw martingale system will become profitable if you know how to manage your balance and your base bet well enough. Most of them just used martingale and hope to earn more with small balance thats why they keep on losing and luck is play a role in every gambling game for sure so without luck you wont get good profit

I really don't know many people has become millionaire by gambling everyday. But martingale method will not work if you play for long hours continuously with any kind of balances unless you manage manually and if you know when to stop it and take the cut of either profit or loss.

People who become millionaire from gambling always shut up and never talk. Not like people who lose gambling, they will keep complaining. and i think martingale will works on sportsbook.
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March 11, 2016, 05:40:02 AM
 #142

I have only bad experience with martingale. Always going busto Sad
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March 11, 2016, 01:53:46 PM
 #143

I have only bad experience with martingale. Always going busto Sad

That's normal, even if they say that martingale is a strategy, though I think its not, you still need luck.. its just good to hear that when your small bet was busted you have to double it and you will gain back your loses, but you don't know if until when your bank roll can sustain it..

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March 11, 2016, 02:08:42 PM
 #144

There's no profitable method in gambling that's why it's called gamble because if there is, it should be renamed to investment Smiley

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March 25, 2016, 07:40:52 AM
 #145

There's no profitable method in gambling that's why it's called gamble because if there is, it should be renamed to investment Smiley

I have said this many times. Follow a good tipster, that you know his/her winning history is great. Bet always double the amount, no matter the odd being lower than 2, in the long run this is called investment and not gambling. But one true point here for Martingale is to be able to control yourself and have a large bankroll. I am talking about sportsbook.
Now finding that right tipster is extremely difficult, and thats the most difficult part of when trying to apply this system.
I know many people have lost even when following tipsters but thats because of their greed, greed destroys everything everywhere, in gambling or not.

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March 25, 2016, 08:15:11 AM
 #146

First time I used Martingale I thought I invented it.  Smiley I thought now I know how to make money, not much but a small guaranteed amount every day. Several days it was working fine for me until one day when I had 14 reds in a row betting with 50% win chance. Of course I lost everything I won previously.

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March 25, 2016, 08:57:28 AM
 #147

last time i'm using a sort of martingale whit dice, i start bet higher when i hit 5x consecutive green, after that i switch the side (if it was under 49.50 i put over 50.50), in 2 days i made about 0.10 whit a max bet of 0.04. Thsi won'twork forever, so i stopped and i'm happy
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March 25, 2016, 09:06:01 AM
 #148

How many of you have used the Martingale System for Gambling ?
Is it profitable ?
Share your experiences with it below !
No, but it depends on your luck. If you are lucky, then yes. I occasionally use martingale system, and I found that it is not profitable if you do not have big bankroll. Well, it still depends on your luck, though.

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March 25, 2016, 09:43:34 AM
 #149

last time i'm using a sort of martingale whit dice, i start bet higher when i hit 5x consecutive green, after that i switch the side (if it was under 49.50 i put over 50.50), in 2 days i made about 0.10 whit a max bet of 0.04. Thsi won'twork forever, so i stopped and i'm happy

how much bitcoin did you start with? i mean the initial bet amounts

i sometimes do a similar thing just to mix things up with martingale strategy and sometimes i have a better luck, but important part is to get out after a short time before you start seeing losing red all the time.

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April 13, 2016, 06:21:59 AM
 #150

Martingale is profitable indeed. But if you have a very low bankroll, I doubt it will continue to profit. Your bet in martingale is rising exponentially, and you know that's too much even if you start with the lowest bet (i.e. 1 bit), it will still go super high when you encounter a loss streak.
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April 13, 2016, 07:01:30 AM
 #151

First of all let me say this. On the long run, you WILL bust. The only way for you not to bust is having an infinite bank roll with no limitations (as max profit per bet) in place by the casino you are playing. It can be profitable short term but again (as with any "strategy"/"method") on the long run if you continue rolling you will reach a streak that will bust you. So you need to know when to stop for it to be profitable.

 

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April 13, 2016, 07:34:56 AM
 #152

How many more and these threads does there have to be? Martingale is only profitable in the short term, eventually you will hit 20x losing streaks and get cleaned out.

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April 13, 2016, 09:07:46 AM
 #153

Martingale is just an illusion. I have run a lot of tests on dice sites and there is absolutely no difference how big of a bankroll you are going to use sooner or later you will hit a big losing streak and everything will be gone. I have even tried to run a test overnight with a starting amount of 1 satoshi and in the morning there was always a red spree that had wiped out all profit.

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April 13, 2016, 09:28:12 PM
 #154

Martingale is just an illusion. I have run a lot of tests on dice sites and there is absolutely no difference how big of a bankroll you are going to use sooner or later you will hit a big losing streak and everything will be gone. I have even tried to run a test overnight with a starting amount of 1 satoshi and in the morning there was always a red spree that had wiped out all profit.
That actually is right, I see some people who think like this : If we have lost 10 bets consecutively they think that winning next ( 11th bet ) is almost certain. But in actual that has winning chance of the odds ( usually 50% ).

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April 13, 2016, 11:14:39 PM
 #155

I have tried this system many times and it brings me and overall positive result. Mostly I use this in dice, but for analytical purposes I am gonna share my knowledge about this system. I believe that this system is not profitable as long as their is a house edge.

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Rune
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April 14, 2016, 12:00:39 AM
 #156

The martingale gives very little profits at a very good odds
but it eventually always loses because you keep doing it

the martin gale is a terrible system if you have enough funds to do it right and you need a lot
why would you care about winning such a small amount of funds


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richjohn
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April 14, 2016, 12:05:01 AM
 #157

The martingale gives very little profits at a very good odds
but it eventually always loses because you keep doing it

the martin gale is a terrible system if you have enough funds to do it right and you need a lot
why would you care about winning such a small amount of funds
It is not really profitable because you only win a small amount and have the possibility to lose all your money. I think the best way to such dice game is not to be greedy enough.
kshyzer
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April 14, 2016, 12:37:00 AM
 #158

no, -EV will give you negative profit, don't matter what type of method you using
adaseb
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April 14, 2016, 12:42:43 AM
 #159

The martingale gives very little profits at a very good odds
but it eventually always loses because you keep doing it

the martin gale is a terrible system if you have enough funds to do it right and you need a lot
why would you care about winning such a small amount of funds

It can give you very large profits also at good odds but if gamblers keep relying on this method, in the long run they might lose their bankroll.

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rindo
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April 14, 2016, 01:24:12 AM
 #160

The martingale gives very little profits at a very good odds
but it eventually always loses because you keep doing it

the martin gale is a terrible system if you have enough funds to do it right and you need a lot
why would you care about winning such a small amount of funds

It can give you very large profits also at good odds but if gamblers keep relying on this method, in the long run they might lose their bankroll.

I think that a lot bankroll is strategy of martingale
but it hit a lot to gain slightly

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