Just another example of Martingale lose

[tsaroz]

Don't know who this guy is but he lost over 3.8 BTC within a minute playing dice with martingale strategy. One of the largest lose I have encountered.

[bitkilo]

Just goes to show that there are no perfect gambling strategies for winning, hope he could afford to loose it.

[DarkStar_]

Ouch, really sad to see someone losing 3+ bitcoin while trying to win 0.1 BTC (assuming that was his base bet). He should have just done a 3 BTC bet on a 1.04 multiplier, as it is faster and safer. Hopefully he could afford the logs and just wanted to have some fun, but it easily could have been someone who was dumb enough to think it would actually work. At least he made Stunna happy.

[cjrosero]

just seeing the red text and big amount of bitcoin loosing make my heart pounds. i hope he knows what he is doing. who ever you are hohnsohn.

Ouch, really sad to see someone losing 3+ bitcoin while trying to win 0.1 BTC (assuming that was his base bet). He should have just done a 3 BTC bet on a 1.04 multiplier, as it is faster and safer. Hopefully he could afford the logs and just wanted to have some fun, but it easily could have been someone who was dumb enough to think it would actually work. At least he made Stunna happy.

yeah im also hoping that he could afford losing that bunch of bitcoin, if were him, if want to have fun ill just spend those bitcoin with my friends and party.

[Caladonian]

another victim of martinfail strategy, that a huge amount he might be a rich person or a professional gambler
afford to lose that amount I guess he knows what his doing, I can't see myself losing that much in any gambling
game.

[panjul07]

Ouch, really sad to see someone losing 3+ bitcoin while trying to win 0.1 BTC (assuming that was his base bet). He should have just done a 3 BTC bet on a 1.04 multiplier, as it is faster and safer. Hopefully he could afford the logs and just wanted to have some fun, but it easily could have been someone who was dumb enough to think it would actually work. At least he made Stunna happy.

All in 3btc on 1.04 multiplier is also risky because he could lose in his first bet. Although his chance to lose is low but it is not safer bet imo, he was just in a bad luck to lose those 3+btc.

[Snorek]

Another gambler bankrupted by martingale, why I am not surprised much?
People often tend to forget how with initial 0.01 BTC bet after couple loses you will be betting thousand of dollars.
From my experience martingale is a 'strategy' that seems to result in the most incidents of losing entire bankrolls of all betting progression systems.

[Indrawan77]

Never try to play martingale, it will never give any profit to gambler, i ever used the technique several times but in the end i always lose all of my money
So i suggested  to stay away from martingale, you will never  win using martingale

[bering]

this is terrible lose and that's why many people wouldn't recommend martingale strategy for playing dice because this is would make your money lost with faster and just forget martingale and similar strategy in gambling because these strategy wouldn't working well again to us

[crytoboost]

Oh that is another sad story which happened due to perfect winning strategy for gambling, i am quite sure when someone start playing with martingale than he think losing streak will never happen to him and that why he start taking big risk to just few cents and in the end lost all of his just in a seconds to the house edge.

[janggernaut]

Don't know who this guy is but he lost over 3.8 BTC within a minute playing dice with martingale strategy. One of the largest lose I have encountered.

i ever saw someone who lost 300 btc because martingale too, this strat really scary

[Sir_lagsalot]

Just goes to show how terrible it is to lose this way. Losing faster than you ever could, and not having the reaction time to stop it.

Martingale should only be done if your bankroll can sustain more than 15 losses in a row, at the minimum.

[LiQuidx]

Just goes to show how terrible it is to lose this way. Losing faster than you ever could, and not having the reaction time to stop it.

Martingale should only be done if your bankroll can sustain more than 15 losses in a row, at the minimum.

I agree but I think 15 is still low as a minimum. I'd say 20 as minimum and always set a target of the overall profit in order to stop, let's say half your bank or if you want to be riskier x2. You can't run it for long and the more you do so the higher the probability it will bite you in the ass.

[JasonXG]

Don't know who this guy is but he lost over 3.8 BTC within a minute playing dice with martingale strategy. One of the largest lose I have encountered.

That's so much to lose wow. I think you should have left the wager the same so of you pass the next roll you break even. This will give you about 3x more rolls. I understand you could miss a good roll but you can also win your money back and use of as a form of safety net.

[eternalgloom]

another victim of martinfail strategy, that a huge amount he might be a rich person or a professional gambler
afford to lose that amount I guess he knows what his doing, I can't see myself losing that much in any gambling
game.

Professional gamblers would not use martingale strategy, they tend to go for sportbetting or other games where you have the chance of beating the odds.

[Patatas]

That's so much to lose wow. I think you should have left the wager the same so of you pass the next roll you break even. This will give you about 3x more rolls. I understand you could miss a good roll but you can also win your money back and use of as a form of safety net.

Mind reading the post again ? Loser is not OP himself but some random guy over the site.So the "you" you're referring to doesn't make sense here.

Also,that is a terrible strategy regardless of whatever it is.Well,please tell me the site he was rolling the dice at was provably fair because its certainly doesn't seem like that.I'm assuming the win chances would be 70:30 but its not plausible to see him losing straight in a row and I'm not even talking about the strategy he used here.

[pearl11]

Don't know who this guy is but he lost over 3.8 BTC within a minute playing dice with martingale strategy. One of the largest lose I have encountered.

Only one thing i can say ,"it hurts to loose that big amount of btc"
How i wish that 3.8btc is nothing compare to him.

[ndnh]

Ouch, really sad to see someone losing 3+ bitcoin while trying to win 0.1 BTC (assuming that was his base bet). He should have just done a 3 BTC bet on a 1.04 multiplier, as it is faster and safer. Hopefully he could afford the logs and just wanted to have some fun, but it easily could have been someone who was dumb enough to think it would actually work. At least he made Stunna happy.

We don't know if 0.1 is the base bet. it could be even 0.0125 or less. I am guessing the image was taken from the highrollers tab and you know only bets/profit bigger than set would be shown there.

Also,that is a terrible strategy regardless of whatever it is.Well,please tell me the site he was rolling the dice at was provably fair because its certainly doesn't seem like that.I'm assuming the win chances would be 70:30 but its not plausible to see him losing straight in a row and I'm not even talking about the strategy he used here.

It is entirely possible to lose even 30 times a row. We are talking about 6 here

[SyGambler]

well no need to post more stories i guess we all know that nothing will work in the long run , but that doesn't make martingale bad cause in general when you decide to gamble on -EV games you already made a bad decision
martingale will only help you to reach you goal or bust faster
also the sample is small , if 0.1 BTC is his base bet then it's really normal thing to happen

[Dannie]

Well,please tell me the site he was rolling the dice at was provably fair because its certainly doesn't seem like that.I'm assuming the win chances would be 70:30 but its not plausible to see him losing straight in a row and I'm not even talking about the strategy he used here.

If someone makes a large number of rolls, I am sure he will see many long streaks (both the green ones and the red ones). Without knowing how many rolls he has played, and overall how many bets he has won and lost, I don't think any conclusion can be made at all.