Bitcoin Forum
April 19, 2024, 02:55:31 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 »  All
  Print  
Author Topic: Is Martingale Profitable ???  (Read 7565 times)
Mist
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250

:)


View Profile
February 29, 2016, 11:47:33 PM
 #121

Not impossible to stop while ahead? I see people with 25k sat go to 300k and then stop and its easy profit.
1713495331
Hero Member
*
Offline Offline

Posts: 1713495331

View Profile Personal Message (Offline)

Ignore
1713495331
Reply with quote  #2

1713495331
Report to moderator
1713495331
Hero Member
*
Offline Offline

Posts: 1713495331

View Profile Personal Message (Offline)

Ignore
1713495331
Reply with quote  #2

1713495331
Report to moderator
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Raimonn
Legendary
*
Offline Offline

Activity: 1456
Merit: 1001


View Profile
February 29, 2016, 11:50:56 PM
 #122

Martingale can be profitable given you have an incredibly large bankroll to back it and don't hit the max bet on a site.
Actually you might be right but sometimes even if you have more bankroll than even the whole site, still you might not get big profits and end up on the winning side of martingale, because you have to understand that they have a max bet option.
Martingale basically depends how many losses in a row you can survive,If you can survive ike 20-30 losses ( very tough though ) then you would easily profit in short term at least.

Not, you can't be sure that after 30 looses row it will change your luck and you will win. Its strange at our mind, but we can loose on 31, 32, .... 50 and more. And provably you will not have money enough to test if next could be the winner or not.
Cyaren
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250



View Profile
February 29, 2016, 11:52:06 PM
 #123

Not at all... I just busted another 0.0005 tip, while running martingale strategy.

Seriously, with martingale you're risking your whole balance for 0.5% profit on your balance. Not worth it.
DeDordtenaar
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
March 01, 2016, 12:44:08 AM
 #124

Not impossible to stop while ahead? I see people with 25k sat go to 300k and then stop and its easy profit.
Yeah for short term. if you have luck you can get small profit with easy. so short term is the best way to do


                ,╓▄▄▄▄▄▄▄▄▄╓                 
            ╓▄█████████████████▄╖           
         ╓▄█████▀▀'▒,,,,,╠'▀▀█████▄,         
       ,▓███▀╜,▄▄███████████▄▄,╙▀████╖       
      ▄███▀ ▄█████▀▀"``╙"▀▀█████▄ ▀███▄     
     ▓███╜╓████▀ ,▄▄█████▄▄, ▀████,╙███▌     
    ▓███`╔███▀ ╓▓███▀▀▀▀▀████╖ ▀███@"███▌   
   ]███▌┌███▌ ▐███         ███▄ ▐███ ▐███,   
   ▐███ ▐███ .███           ███  ███▌ ███▌   
   ▐███ ▐███ '███           ███  ███▌ ███▌   
   ]███@╙███@ ▀██▌        ,▄██▌ ▐███ ▐███`   
    ▓███ ▐███▄ ╙██▀╩     9███╜ ╔███▀,███▌   
     ████,╙███▌               ▓███╜,████     
      ▀███▄ ▀╜                 ▀▀ ▄███▌     
       ╙████▄,                 ╓▄████╜       
         ╙█████▄▄╓,       ,╓▄▄█████▀         
            ▀▀█████████████████▀▀           
                '▀▀▀▀▀▀▀▀▀▀▀'

CloakCoin | Private, Secure & Untraceable Cryptocurrency |  Enigma
Forum | Bitcointalk | Twitter | Slack |  Facebook |  VK |  Reddit |  CloakTV |  Instagram |  IRC-Chat |  Faucet
23dzmaz
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
March 01, 2016, 12:56:44 AM
 #125

Not at all... I just busted another 0.0005 tip, while running martingale strategy.

Seriously, with martingale you're risking your whole balance for 0.5% profit on your balance. Not worth it.

Martingale strategy can make you get profit if you use it short-term, don't ever use long-term because provably fair is so rigged and not fair for me.
JasonXG
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


View Profile
March 01, 2016, 02:39:00 AM
 #126

In the short term it is unless you increadibly unlucky but normally people want more and greed sets in. Anyway bascically eventually you will lose, the odds slowly catch up. Having said that if you had infinite btc this method would always work as you could always double your last bet.
gon
Sr. Member
****
Offline Offline

Activity: 460
Merit: 251


View Profile
March 01, 2016, 02:49:01 AM
 #127

If theory you could have infinite winning and infinite loosing stakes. So in the end always winner is the casino. Because you don't have infinite money.
shintosai
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile
March 01, 2016, 03:16:10 AM
 #128

If theory you could have infinite winning and infinite loosing stakes. So in the end always winner is the casino. Because you don't have infinite money.

This one use logic if you have money as the banker have you will win it using martingale but for sure you don't have it so no sense of using it, if you just playing for fun you can use it and save some when you are starting to see that you are losing it.

fullypak
Legendary
*
Offline Offline

Activity: 1456
Merit: 1005



View Profile
March 04, 2016, 03:21:43 AM
 #129

Not impossible to stop while ahead? I see people with 25k sat go to 300k and then stop and its easy profit.
Yeah for short term. if you have luck you can get small profit with easy. so short term is the best way to do

This method only works some times but no guaranty whether it will work even of short time for every one because they will keep winning and losing steaks may be same % but you will get losing streaks more at one time but winning streaks will less. So just use this method for fun.   
rio3233
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
March 04, 2016, 03:44:04 AM
 #130

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.
klf
Legendary
*
Offline Offline

Activity: 1344
Merit: 1000


View Profile
March 05, 2016, 02:59:29 AM
 #131

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.
rizkyhiw
Legendary
*
Offline Offline

Activity: 1484
Merit: 1004



View Profile
March 05, 2016, 03:29:32 AM
 #132

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.
It's hard to stop playing when you realize and think martingale are working perfectly.
You will only think to play bigger bet and bigger until you lost it again.
That is simple concept doing martingale, make you lost money in simple way too.
pocarime32
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250



View Profile
March 05, 2016, 03:35:43 AM
 #133

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.

Yes, greedy always make lose gambler. Especially when using martingale, the risk double. When people earn much, they never stop to enjoy their earning, they want more and more.
pooya87
Legendary
*
Offline Offline

Activity: 3430
Merit: 10489



View Profile
March 05, 2016, 05:41:07 AM
 #134

Not at all... I just busted another 0.0005 tip, while running martingale strategy.

Seriously, with martingale you're risking your whole balance for 0.5% profit on your balance. Not worth it.

Martingale strategy can make you get profit if you use it short-term, don't ever use long-term because provably fair is so rigged and not fair for me.

short term or long term doesn't make any difference in gambling. it is just dependent on chance and your luck. it doesn't matter what strategy you are using, if you are unlucky you can hit that losing streak and lose all your bankroll in the first try (short term that you mention). this is what happens if the system is provably fair ofcourse not rigged to let you win at first and lose after a long time.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
nostal02
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
March 05, 2016, 05:51:33 AM
 #135

Martingale is much more profitable in real life gambling rather than use it online...
When a program is built to win and not to lose any other tactics wont gain you any profit...
Erza
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000


View Profile
March 05, 2016, 08:55:35 AM
 #136

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
StrokeOfLife
Full Member
***
Offline Offline

Activity: 165
Merit: 100

Hello there!


View Profile
March 05, 2016, 09:40:50 AM
 #137

What about a 50% chance, x2 payout, 0 house edge dice game? Any strategy?
fullypak
Legendary
*
Offline Offline

Activity: 1456
Merit: 1005



View Profile
March 11, 2016, 03:16:38 AM
 #138

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.
Shinpako09
Legendary
*
Offline Offline

Activity: 1974
Merit: 1015


View Profile
March 11, 2016, 04:26:33 AM
 #139

I guess all gamblers here tried martingale and I'd guess only few of them can really say that they make a profit by that. I myself tried it before but it makes my bankroll back to zero.
23dzmaz
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
March 11, 2016, 05:33:38 AM
 #140

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.
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!