Is Martingale Profitable ???

[HeroCat]

It is very profitable for gambling site owners - fast profit without any problem.  With martingale you can looose fast and effective, except if you have several hundreds BTC for playing - but even then I think you can loose them fast with martingale. 

[talkbitcoin]

Who many of you have used the Martingale System for Gambling ?
Is it profitable ?
Share your experiences with it below !

i have used martingale method for almost all of my gamblings on dice, and i have to say that there is always a big losing streak around the corner waiting to happen which will bankrupt you.

[btc-facebook]

I can say that martiangle can make easy profit in short term and not long term. But if you're in bad luck, you're also experience loss.
As far as my experience playing martiangle, I'm obtain some profit but in low amount since I'm ever experience that I'm loss all of my profit.
So my advice are : make your goal profit with reasonable amount, stay away from greed and Good Luck that profit will come without being expected !

[maku]

Instead of martingale I would rather recommend using another variation of similar (in theory) system - Paroli.
Paroli is a system, which rather than decreasing the wager on a win like the Martingale method, increases the wager after a win.
It involves doubling your wager after a win and resetting it back to your original wager after a loss, and after 3 consecutive wins, going back to your original wager.
I prefer this method because it is less risky than martingale and I like small but consistent wins.

[--Encrypted--]

Instead of martingale I would rather recommend using another variation of similar (in theory) system - Paroli.
Paroli is a system, which rather than decreasing the wager on a win like the Martingale method, increases the wager after a win.
It involves doubling your wager after a win and resetting it back to your original wager after a loss, and after 3 consecutive wins, going back to your original wager.
I prefer this method because it is less risky than martingale and I like small but consistent wins.

I've seen a lot of high rollers do that (people call that reverse martingale. same thing?). some of them win big and others lost miserably. still not much different from martingale as it relies on a winning streak and losing even once can cost a lot (in martingale one long losing streak can do the job but it is less likely to happen.).

[Boosterious]

Martingale ouuchh martingale who dumb enough practice this useless method, it's just will suck your money.
Even einstein said “No one can possibly win at roulette unless he steals money from the table while the croupier isn’t looking.” when there is a trend people use martingale betting system.
See that? martingale = suicide

[maku]

Instead of martingale I would rather recommend using another variation of similar (in theory) system - Paroli.
Paroli is a system, which rather than decreasing the wager on a win like the Martingale method, increases the wager after a win.
It involves doubling your wager after a win and resetting it back to your original wager after a loss, and after 3 consecutive wins, going back to your original wager.
I prefer this method because it is less risky than martingale and I like small but consistent wins.

I've seen a lot of high rollers do that (people call that reverse martingale. same thing?). some of them win big and others lost miserably. still not much different from martingale as it relies on a winning streak and losing even once can cost a lot (in martingale one long losing streak can do the job but it is less likely to happen.).

Yes, that is right Paroli is called a reverse Martingale. And both systems are flawed and risky.
The major problem is that the chance of you losing at any one given time doesn't change.
But if someone isn't experienced with probability, the plan seems great. After all what is the chance of you losing 5, 10, 15 times in a row?

[Coaxme]

martingale is profitable in short term not long term because in the end the house always win.

[shintosai]

Instead of martingale I would rather recommend using another variation of similar (in theory) system - Paroli.
Paroli is a system, which rather than decreasing the wager on a win like the Martingale method, increases the wager after a win.
It involves doubling your wager after a win and resetting it back to your original wager after a loss, and after 3 consecutive wins, going back to your original wager.
I prefer this method because it is less risky than martingale and I like small but consistent wins.

I've seen a lot of high rollers do that (people call that reverse martingale. same thing?). some of them win big and others lost miserably. still not much different from martingale as it relies on a winning streak and losing even once can cost a lot (in martingale one long losing streak can do the job but it is less likely to happen.).

Yes, that is right Paroli is called a reverse Martingale. And both systems are flawed and risky.
The major problem is that the chance of you losing at any one given time doesn't change.
But if someone isn't experienced with probability, the plan seems great. After all what is the chance of you losing 5, 10, 15 times in a row?

This one work if gamers knew the limitation of gambling, much better than martigales in the sense of you already won the price you just have to stop and not being greedy to seek for a bigger winnings, maybe after 2 or 3 consecutive winnings you need to stop.

[PapoXxX]

martingale its a beutifull lady that when the time come will eat your money and soul

[bitraine]

I saw some dicer make profit using martingale 24/7 taking big risk on a small profit. Martingale can be profitable if you have a big bankroll like you can survive 45 lose streak. Plus bonus wagered commision if you are smart enough ☺

[Mr. Big]

In my experience, it would only be profitable if the bet is so small, but when it is big and you can't support til what multiplier you will end, for sure, it is a failure..

[Herbert2020]

it can be profitable.
martingale method is a way of ensuring your profit if you follow the rules of the method you will surely profit on the last win of each cycle. but the problem is that your losing streak can go on, so you run out of funds and lose.

[RHavar]

It is very profitable for gambling site owners - fast profit without any problem. 

While martingaler's are statistically profitable for the house, they're the opposite of fast profits. People who flat-bet make for much better customers

[Erza]

Instead of martingale I would rather recommend using another variation of similar (in theory) system - Paroli.
Paroli is a system, which rather than decreasing the wager on a win like the Martingale method, increases the wager after a win.
It involves doubling your wager after a win and resetting it back to your original wager after a loss, and after 3 consecutive wins, going back to your original wager.
I prefer this method because it is less risky than martingale and I like small but consistent wins.

I know this method for a long time but I just know the name is Paroli. Thanks for the information. Anyway how can this is less risky? Because you keep on double your money when you are winning and after 3 consecutive win you will go back to your original wager. So when someone already hit until 1 btc so he will keep doubling it balance until lose or 3 consecutive win? I think this is more risky than usual martingale

[fullypak]

Who many of you have used the Martingale System for Gambling ?
Is it profitable ?
Share your experiences with it below !

i have used martingale method for almost all of my gamblings on dice, and i have to say that there is always a big losing streak around the corner waiting to happen which will bankrupt you.

That is very true. If this concept is working than by now all dice sites should have been closed already. Since it is not working, only people lose money at the end. Because of house edge don't know when you will get continuous losing streak to lose all your money.

[SyGambler]

it was discussed many times here in the forum and answer is no
don't expect to make money in the long run when you are playing any -EV games , cause no strategy will work
martinagle won't work also in +EV games , cause you will be killing your edge by doubling when you lose

[casinobonus]

Profitable of yours is biggest amount or a bit?... U have 9000BTC and u bet only 1 satoshi per game at 2x rate =)) yỏur martigale is so about 400-500bet lose streak. but profit only 1 per bet .. do u agree?

[Equinoxx]

If you have  a balance of 1.0 Btc, and start bets with 0.0000001, then you could make small profit.
But most people (incl. myself) get impatient when you gamble and tend to up the ante.

I lost about 0.3 in my Bitcoin because of Martingale method.

[lite]

How many of you have used the Martingale System for Gambling ?
Is it profitable ?
Share your experiences with it below !

No it's not profitable according to my experience, i lose every time i go for martingaling my bets.  if you want to try martingale system you must have sufficient balance(larger the profit you want larger the bank roll should be) and should be ready lose 20+ bets in a row.