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Author Topic: Is Martingale Profitable ???  (Read 7186 times)
cjmoles
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February 26, 2016, 07:49:50 AM
 #41

It is not a good idea to use the Martingale system in any type of long term profit building progression, especially in a game that has an house edge (-EV).  I wouldn't recommend using the Martingale system in any situation; however, if the game is fair, the odds are even, the bankroll is huge, and the profit expectation is very low in proportion to the bankroll, then I can see how it may be an attractive gamble for a single win session.

In my opinion, the key to becoming a profitable player is to adhere to a sound bank roll management criterion and the Martingale system is not a sound system in that regard.

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bittrojan
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February 26, 2016, 08:05:38 AM
 #42

Martingale will work and produce a good profit if you use it on sports betting instead provably fair gaming .
In sports you will not get 10x consecutive lost if you stick in one team/player but in provably gaming you can get 20x consecutive lost which it's enough to make you frustrating.

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February 26, 2016, 08:08:10 AM
 #43

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

Everytime I use martingale, I end up busting. I usually set it up so that I can survive 10+ reds, but over time that huge wall of reds can, and will come. You're basically testing the house's patience with martingale. I wouldn't at all recommend it.
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February 26, 2016, 08:18:57 AM
 #44

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

Everytime I use martingale, I end up busting. I usually set it up so that I can survive 10+ reds, but over time that huge wall of reds can, and will come. You're basically testing the house's patience with martingale. I wouldn't at all recommend it.


Ive also used martingale on diff site but i also end up being busted by the house...
You will need  a lot of money before the martingale can be profitable or some luck with the house...
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February 26, 2016, 08:19:59 AM
 #45

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

Everytime I use martingale, I end up busting. I usually set it up so that I can survive 10+ reds, but over time that huge wall of reds can, and will come. You're basically testing the house's patience with martingale. I wouldn't at all recommend it.


Ive also used martingale on diff site but i also end up being busted by the house...
You will need  a lot of money before the martingale can be profitable or some luck with the house...

You'll never be profitable with martingale. Even if you have a large bankroll you're risking hundreds of dollars for cents every bet.

Again, I'd advise everyone to stay away from martingay.
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February 26, 2016, 08:54:04 AM
 #46

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

Everytime I use martingale, I end up busting. I usually set it up so that I can survive 10+ reds, but over time that huge wall of reds can, and will come. You're basically testing the house's patience with martingale. I wouldn't at all recommend it.


Ive also used martingale on diff site but i also end up being busted by the house...
You will need  a lot of money before the martingale can be profitable or some luck with the house...

You'll never be profitable with martingale. Even if you have a large bankroll you're risking hundreds of dollars for cents every bet.

Again, I'd advise everyone to stay away from martingay.

You could in an unrealistic scenario. Imagine you had a balance of 10Btc and bets started off with 1 satoshi. It would take the biggest loosing streak to bust.

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cjmoles
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February 26, 2016, 09:09:26 AM
 #47


You could in an unrealistic scenario. Imagine you had a balance of 10Btc and bets started off with 1 satoshi. It would take the biggest loosing streak to bust.

It would take losing about 30 bets in a row to go broke....somewhere in there it would make more sense to bet the whole bankroll then continue with the progression if expected value is considered.  You're right, it would be ridiculous to put 10 BTC at risk to win 1 satoshi.

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February 26, 2016, 10:04:01 AM
 #48


You could in an unrealistic scenario. Imagine you had a balance of 10Btc and bets started off with 1 satoshi. It would take the biggest loosing streak to bust.

It would take losing about 30 bets in a row to go broke....somewhere in there it would make more sense to bet the whole bankroll then continue with the progression if expected value is considered.  You're right, it would be ridiculous to put 10 BTC at risk to win 1 satoshi.
To loose 30 (50/50 or 33/67) bets is possible. You would need terrible luck.

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February 26, 2016, 12:10:28 PM
 #49

Martingale can only be profitable if you have infinite bankroll. As said in previous post once in a while you'll be unlucnky enought to loose those 20 bets in a row and bust your entire bankroll.
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February 26, 2016, 12:33:39 PM
 #50

I have been doing martingale when I am still has the time to gamble, there is no special in martingale, you will still be busted, the only thing I notice is when you start to bet small, there is a chance to win but as you continue with the martingale, the bigger your bet, the smaller chance that you can sustain in the game, and you will start all over again so it is not profitable..

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February 26, 2016, 12:41:11 PM
 #51

Nah martingale never can be profitable in long term of gambling, i am sure it always lead to get busted in the end, i think using martingale in gambling is like to have suicide attempt much risky method as per my experience. Tongue
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February 27, 2016, 01:32:28 AM
 #52

Martingale can only be profitable if you have infinite bankroll. As said in previous post once in a while you'll be unlucnky enought to loose those 20 bets in a row and bust your entire bankroll.

Infinite bankroll will not work if you start with big amount, because there is always max profit/bet amount per bet in all sites. Once you reach the max profit, you'll not able to recover the previous losing streak.
Infinite bankroll may work if you start with very small amount which will not worth enough to do it.

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February 27, 2016, 06:48:24 AM
 #53

martingale is only good for bitcoin since you can bet from .0001-1+ btc so that can be more then 10+ turns and if you don't win after 10+ turns then it has to be rigged to lose more then that is crazy but you might as well be using more electricity then its worth if your betting 1 penny at a time
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February 27, 2016, 06:58:28 AM
 #54

All systems that have a negative and a positive impact. So in my opinion, martingale system it can also benefit and also get a loss.

How do I so that the martingale system can benefit..?? , the answer is you have to have a good strategy and you must also use a very effective bet to get an advantage. Typically, the martingale system would have resulted in a profit if you do bet very small amounts

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February 27, 2016, 07:14:34 AM
 #55

martingale is only good for bitcoin since you can bet from .0001-1+ btc so that can be more then 10+ turns and if you don't win after 10+ turns then it has to be rigged to lose more then that is crazy but you might as well be using more electricity then its worth if your betting 1 penny at a time

i don't know what that number you wrote means but in dice you can start from 1 satoshi and bet with 2x martingale strategy. and the maximum losing streak that i have heard is possible in ~50% chance is 30 red losses in a row so you are going to need >3BTC if you don't want to lose

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February 27, 2016, 07:37:20 AM
 #56

I played with a few bots and manually and the only martingale that kinds of profitable is doing it in reverse, but it takes a really long time and sometimes right after 6-7 wins in a row you withdraw profits but if you stayed in, you could of made like a few BTC with risking only like 100 sats.

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February 27, 2016, 07:41:35 AM
 #57

Well not really as a strategy in gambling never works for long time.I ran fown losing 0.04 in nitrogen sports martingaling with 0.001 btc per bet at 50% win chance.See anything can happen in  gambling,so the basic point is to keep up changing win chance and your bet increase strategy which will lead to a nice win.

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klf
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February 27, 2016, 10:29:11 AM
 #58

Well not really as a strategy in gambling never works for long time.I ran fown losing 0.04 in nitrogen sports martingaling with 0.001 btc per bet at 50% win chance.See anything can happen in  gambling,so the basic point is to keep up changing win chance and your bet increase strategy which will lead to a nice win.

All those points what you explained will work for some time but at the end casino house will win in dice games. So it is better to gamble just for fun and with small amounts and if we win than lucky or just forget it and go on with other things. In gambling we shouldn't try to play for winning because it can give you very huge loses.

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nickaizoku
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February 27, 2016, 10:33:36 AM
 #59

martingale never profited if long run and have little fund in account..
can busted very soon if unlucky enough.. so if only you have alot of fund maybe like never finish funds Grin its worth to try martingale

jakelyson
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February 27, 2016, 11:09:56 AM
 #60

I tried martingale before but never had the luck. You need a large of capital for a very small return. Now, I use YOLO, you lose big if you lose but win big if you win on a single roll.


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