Just another example of Martingale lose

[Patatas]

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.

That is logical.Though I would definitely like to know the entire scenario here.Considering the chances for double payouts are usually 50:50 percent or more accurately 49:50 that behavior of the rolls seems strange to me.

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

I wonder how this assures provably fair when the chances of wins are 50:50.

[Vhern]

If only BTC is easier to obtain for oneself, I would consider playing matingale for a low amount not for that big one see the outcome if he happened to won his 5th bet he can only win a profit of 0.10BTC

[crairezx20]

I can't gamble the same as that.. its a huge money for me if i gamble it.. better to trade if i have 3.8 btc.
Maybe those people have manny bitcoin they are old adopters of bitcoins..

[HeroCat]

It can be, most possible gambling software recognise large bet, therefore you loose. As far as I know, some gambling software recognise that, so if you place small bet, you win, if you place large bet, you loose. 

[lite]

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

Yeah martingale is scary as hell if you don't have sufficient money to face off 30+ reds in a row.

[Shogen]

It can be, most possible gambling software recognise large bet, therefore you loose. As far as I know, some gambling software recognise that, so if you place small bet, you win, if you place large bet, you loose. 

From the look of it, the bets are made on PD which is provably fair. No matter how big or small the bet is, the result is still determined by the same HMAC-sha512 algorithm listed on https://primedice.com/verify with the same client-server seed pair and nonce going up by 1 for each bet until the player choose to have a new seed pair.

[dinda22]

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

it is real evidence, that there is no safe in the gambling game, although you have a lot of capital to do a martingale way, it really does not warrant.

[Falconer]

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

it is real evidence, that there is no safe in the gambling game, although you have a lot of capital to do a martingale way, it really does not warrant.

I think his bet was too much, he should make the bet at least 1% of his total balance. So, if he bet 0.1BTC, then he must prepare 10 BTC as his balance. But I guess he will back to get his money back. Dont have any idea why people love to play dice.

[talkbitcoin]

losing in martingale is always hurtful and losing 3.8 bitcoin on top of that, he must have lost his mind after this loss.
this kind of loss in martingale is always more hurtful because you play all day long and win small amounts but when you hit the losing streak your losses grow so big and so fast that you lose all your money and all your winnings.

[dinda22]

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

it is real evidence, that there is no safe in the gambling game, although you have a lot of capital to do a martingale way, it really does not warrant.

I think his bet was too much, he should make the bet at least 1% of his total balance. So, if he bet 0.1BTC, then he must prepare 10 BTC as his balance. But I guess he will back to get his money back. Dont have any idea why people love to play dice.

This is not a problem too much. but if I were in his position, I would probably do the same thing when using the martingale. but honestly, it was a bad day and was not lucky.

[Frost]

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

It's just math, of course there is no perfect gambling strategy.

[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

Yeah martingale is scary as hell if you don't have sufficient money to face off 30+ reds in a row.

yea,someone told me if he had 32 streak loses in a row on 49.95% chance after rolling a lot of bets.

it is real evidence, that there is no safe in the gambling game, although you have a lot of capital to do a martingale way, it really does not warrant.

yup, just gambling as fast as you can, dont gambling in a long run.

[Sniper44]

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.

wow that is an unlucky guy to lose this much.
this really shows there is no good strategy in dice games that can help you win in these bets you make.
no matter what you do and how much you winning chance is, there will always be a chance that you see a losing streak and as the result of that lose all your bankroll even

[ShowOff]

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.

wow that is an unlucky guy to lose this much.
this really shows there is no good strategy in dice games that can help you win in these bets you make.
no matter what you do and how much you winning chance is, there will always be a chance that you see a losing streak and as the result of that lose all your bankroll even

this is why sometime i hate people that selling trick and then i know that is only martingale strategy , if people can use good strategy in dice game , make money will be easy for all people and some dice site will go bankrupt easily

[tokeweed]

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.

The martingale strategy is the quickest way to lose all your money when gambling.  He should be doing the reverse.  The more and more he loses, his bets should be getting smaller and smaller.  And as he wins, bets should be getting bigger.  To become a consistent winner is to keep your losses small and your winners big.  Your losses will be more compared to your wins, but snce you're only losing small, your big wins will make up for them.

[lalala123456]

I lost over 30 grand with satoshidice. I damned blockchain.info for including it on the dashboard.. glad its removed now.

[Cyaren]

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.

There are lots of those martingale losses around, and they are just tragic to be honest. They are people who still have no idea what mess they're getting themselves into... Even the highrollers do it these days.

3.5 BTC is still relatively small if you compare to someone like AKCoinminer who has the biggest losses.

[Falconer]

This is not a problem too much. but if I were in his position, I would probably do the same thing when using the martingale. but honestly, it was a bad day and was not lucky.

Its a common thing when you using martingale for your bet, which you have prepared enough balance to cover it. If you will do the same, then you also will face the same result. Even though lucky is an absolute thing in gambling, you should know other ways to reduce its risk.

[Shinpako09]

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.

That would be more risky IMO. Your betting big amount in exchange for small amount. Would be better if he bet on a higher multiplier like 2.5x or 3x with big amount.

[Falconer]

That would be more risky IMO. Your betting big amount in exchange for small amount. Would be better if he bet on a higher multiplier like 2.5x or 3x with big amount.

Martingale is not really safe for higher multiplier imo, it could make the risk become bigger and you will lost much more money. Also, with higher multiplier you have to prepare pretty high amount balance to cover it, or lowering your bet.