Bitcoin Forum
May 25, 2024, 09:47:00 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3] 4 »  All
  Print  
Author Topic: Tell me how this strategy losses?  (Read 1525 times)
vh
Hero Member
*****
Offline Offline

Activity: 699
Merit: 666


View Profile
July 01, 2017, 09:20:11 PM
 #41

I remember reading somewhere that the odds of flipping a coin 1 million times and getting 20 heads in a row at least once, is about 38%.

Think about how many times that roulette table has spun since the casino opened (at least a few dozen million times) and how many time 20 back-to-back black has occurred.

Probably never, nor does past results matter, yet it could just happen to be as soon as you apply this strategy.

mrcash02
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 525

CryptoTalk.Org - Get Paid for every Post!


View Profile
July 01, 2017, 11:52:03 PM
 #42

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?



Table limites and your bankroll limit that I'm sure it's not infinity. It's a risky Martingale system, x3 on losses. You never know if the next bet will give you the profit to start again, it's like the online gambling, the house always have some advantage and in this case besides the table limits they have one green house, the zero, their house edge.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
MinerHQ
Legendary
*
Offline Offline

Activity: 1456
Merit: 1023


View Profile
July 02, 2017, 12:58:38 AM
 #43

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?



Table limites and your bankroll limit that I'm sure it's not infinity. It's a risky Martingale system, x3 on losses. You never know if the next bet will give you the profit to start again, it's like the online gambling, the house always have some advantage and in this case besides the table limits they have one green house, the zero, their house edge.

Yes, that is correct. If winning is so simple than by now, we should have seen many millionaires from gambling and most of the gambling houses under loss or closing the site. But we see many losses in gambling that means all these methods will never work in the longer run. Even with a huge bankroll, people tend to make a mistake of going with bigger bets then lose all the bankrolls. Always gamble only for fun and not earn money from it.
moooonu
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
July 02, 2017, 05:01:10 AM
 #44

what you are referring is called martingale(modified) in terms of dice gambling site. As per my experience in dice site it is the worst strategy to use as you win a little and you loose a lot with this strategy.
Mike Mayor
Hero Member
*****
Offline Offline

Activity: 966
Merit: 535


View Profile
July 02, 2017, 11:32:13 PM
 #45

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?



This is stopping you - bet size: 10$-30$-90$-270$-810$-2430$-7290$-21870$-65610$-196830$-590490$-1,771,470$=2,657,000$
After only 12 reds.

It's stupid to risk millions of dollars to catch 10$ loss.

It's not ten dollars. The more he loses the more he will win in the next roll. Buy you right 12 reds and it's all over. Doesn't seem like a good idea. Once you hit tabke limit you screwed. You can make profit because you will hit black eventually but you will never double what you began with

Pettuh4
Sr. Member
****
Offline Offline

Activity: 812
Merit: 251


View Profile
July 03, 2017, 01:44:59 AM
 #46

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?



This is stopping you - bet size: 10$-30$-90$-270$-810$-2430$-7290$-21870$-65610$-196830$-590490$-1,771,470$=2,657,000$
After only 12 reds.

It's stupid to risk millions of dollars to catch 10$ loss.

It's not ten dollars. The more he loses the more he will win in the next roll. Buy you right 12 reds and it's all over. Doesn't seem like a good idea. Once you hit tabke limit you screwed. You can make profit because you will hit black eventually but you will never double what you began with

Well I guess you must have an infinite amount of money in order to feel safe applying this strategy because you could crash anywhere if you're out of money and where is this 38% statistics coming from? Does it have any credible basis?
HEWRA
Full Member
***
Offline Offline

Activity: 157
Merit: 100


View Profile
July 03, 2017, 02:08:33 AM
 #47

You should always remember that there is no strategy which will guarantee you to win, all is about the odds and the balance that you can afford on one gambling session. If it is not high enough, then you will always loose, even with great "technique".
Oilacris
Hero Member
*****
Offline Offline

Activity: 3038
Merit: 616


Seabet.io | Crypto-Casino


View Profile
July 03, 2017, 03:52:22 AM
 #48

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?



This is stopping you - bet size: 10$-30$-90$-270$-810$-2430$-7290$-21870$-65610$-196830$-590490$-1,771,470$=2,657,000$
After only 12 reds.

It's stupid to risk millions of dollars to catch 10$ loss.

It's not ten dollars. The more he loses the more he will win in the next roll. Buy you right 12 reds and it's all over. Doesn't seem like a good idea. Once you hit tabke limit you screwed. You can make profit because you will hit black eventually but you will never double what you began with

Well I guess you must have an infinite amount of money in order to feel safe applying this strategy because you could crash anywhere if you're out of money and where is this 38% statistics coming from? Does it have any credible basis?
The idea here that why would triple bet if you lost the first $10 bet? No one would really risk up millions on this one and 12 streaks in a row is possible on casino thats why its not good to make use of this strategy no matter how rich or big your balance is, you will surely be wrecked up if you did let your greediness control you. Risk on the amount that you can afford to lose.

momagic
Full Member
***
Offline Offline

Activity: 152
Merit: 100


View Profile
July 03, 2017, 04:03:20 AM
 #49

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?


Almost actually, No one can predict how much will  the strake will be so that you can earn as long as you are not greedy or you know when to stop. If you keep playing, of course you will lose.
digaran
Copper Member
Hero Member
*****
Offline Offline

Activity: 1330
Merit: 899

🖤😏


View Profile
July 03, 2017, 05:01:25 AM
 #50

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?


In theory and on paper and in reality where the system is truly producing random outcomes every single time this can be the ace strategy to win.
But when you enter a casino, the cheating will start, you're not a mathematician to figure out the lengthy process behind the provably fair system so fooling you is the easiest thing in the world.
Now you should try this instead:

You bet $1 win or lose you again bet $2 win or lose you again bet $4 win or lose you again bet $8 win/lose bet $16 win/lose bet $35 win/lose bet $80 win/lose bet $170 win/lose bet $350 win/lose bet $740 and you could continue until reaching the table limit or you could try it on dice but if every single time you lose then you should realize that they're cheating. lol

🖤😏
megynacuna
Sr. Member
****
Offline Offline

Activity: 756
Merit: 253


View Profile
July 03, 2017, 08:18:47 PM
 #51

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?


In theory and on paper and in reality where the system is truly producing random outcomes every single time this can be the ace strategy to win.
But when you enter a casino, the cheating will start, you're not a mathematician to figure out the lengthy process behind the provably fair system so fooling you is the easiest thing in the world.
Now you should try this instead:

You bet $1 win or lose you again bet $2 win or lose you again bet $4 win or lose you again bet $8 win/lose bet $16 win/lose bet $35 win/lose bet $80 win/lose bet $170 win/lose bet $350 win/lose bet $740 and you could continue until reaching the table limit or you could try it on dice but if every single time you lose then you should realize that they're cheating. lol

But who will have that much money to risk like that, I think this formular looks like the martingale and with that kind of strategy you need an unending bankroll which will be difficult to come by.
michaelch
Sr. Member
****
Offline Offline

Activity: 283
Merit: 250



View Profile
July 08, 2017, 12:29:52 AM
 #52

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?



This is the martingale strategy. You'll eventually lose. The bankroll you'll need to keep this going is extremely large.
Kimi80
Sr. Member
****
Offline Offline

Activity: 750
Merit: 252


View Profile
July 13, 2017, 11:36:36 PM
 #53

I've tried this once with electronic roulette but I doubled every next bet. I bet on red and got me 8 blacks. I didn't have more money to continue. It was so fast and sadly funny. I did smile instantly. Never tried it again.
A zero can make a small problem in there too.
People who bet on soccer games use that progressive strategy placing bets on draw. Odds are always over 2.5-2.7 and eventually and mathematically you should win but string could be very very long. And off course table limits can make you a problem too if you start with big amount.
freebutcaged
Hero Member
*****
Offline Offline

Activity: 588
Merit: 541


View Profile
July 14, 2017, 12:23:55 AM
 #54

In theory and on paper and in reality where the system is truly producing random outcomes every single time this can be the ace strategy to win.
But when you enter a casino, the cheating will start, you're not a mathematician to figure out the lengthy process behind the provably fair system so fooling you is the easiest thing in the world.
Now you should try this instead:

You bet $1 win or lose you again bet $2 win or lose you again bet $4 win or lose you again bet $8 win/lose bet $16 win/lose bet $35 win/lose bet $80 win/lose bet $170 win/lose bet $350 win/lose bet $740 and you could continue until reaching the table limit or you could try it on dice but if every single time you lose then you should realize that they're cheating. lol
Don't act like a newbie idiot bro, why would you keep betting double when you actually win once? with that strategy once you win it's like

You have hit your goal, then you should reset and start from $1 however if you are not lucky then it's not about them cheating your just

Unlucky as fuck, if all the casinos were cheating no one would've played there by now, how about you trying a real casino and betting on red

Or black only with that method to see who's cheating? people here are poor as fuck, they can't afford to gamble with more than $10.
Caladonian
Hero Member
*****
Offline Offline

Activity: 1302
Merit: 540


View Profile
July 14, 2017, 01:08:42 AM
 #55

I've tried this once with electronic roulette but I doubled every next bet. I bet on red and got me 8 blacks. I didn't have more money to continue. It was so fast and sadly funny. I did smile instantly. Never tried it again.
A zero can make a small problem in there too.
People who bet on soccer games use that progressive strategy placing bets on draw. Odds are always over 2.5-2.7 and eventually and mathematically you should win but string could be very very long. And off course table limits can make you a problem too if you start with big amount.
martin fails always have a big role with betting inside a luck base game and i think most of us loses eventually since the system already knew what we are doing and they upgrade continuously to avoid loses from the gamblers so i think never to rely from this strategy. go with your instinct and quit whenever you got some wins.
chris200x9
Legendary
*
Offline Offline

Activity: 1316
Merit: 1011


View Profile
July 14, 2017, 01:44:39 AM
 #56

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?



This is the martingale strategy. You'll eventually lose. The bankroll you'll need to keep this going is extremely large.

I don't think even with very high bankroll also you can't make sure that you will win money from this dice strategy. If you that possible then by now gambling sites should have been closed. But it is not happening means this method or any other methods will never work in the longer term in gambling so don't waste your money in gambling instead invest in some other investments to grow your money.
michkima
Hero Member
*****
Offline Offline

Activity: 896
Merit: 514


View Profile
July 14, 2017, 06:58:48 AM
 #57

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?



This is the martingale strategy. You'll eventually lose. The bankroll you'll need to keep this going is extremely large.

I don't think even with very high bankroll also you can't make sure that you will win money from this dice strategy. If you that possible then by now gambling sites should have been closed. But it is not happening means this method or any other methods will never work in the longer term in gambling so don't waste your money in gambling instead invest in some other investments to grow your money.

Because in martin gale you assume that you have unlimited bankroll and that the casino does not have limits to your bets. If those two are not present then that would mean martin gale will fail all the time. The problem is that both those factors are never present in any gambling game.
paul00
Sr. Member
****
Offline Offline

Activity: 854
Merit: 257


View Profile
July 14, 2017, 07:44:52 AM
 #58

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?



This is the martingale strategy. You'll eventually lose. The bankroll you'll need to keep this going is extremely large.

I don't think even with very high bankroll also you can't make sure that you will win money from this dice strategy. If you that possible then by now gambling sites should have been closed. But it is not happening means this method or any other methods will never work in the longer term in gambling so don't waste your money in gambling instead invest in some other investments to grow your money.

Because in martin gale you assume that you have unlimited bankroll and that the casino does not have limits to your bets. If those two are not present then that would mean martin gale will fail all the time. The problem is that both those factors are never present in any gambling game.
Martingale strategy will be effective as they said if you have an unlimited money on the bank but I assure you that It is impossible to win easy in a casino base but if you are lucky well then you got it.
Shinpako09
Legendary
*
Offline Offline

Activity: 2002
Merit: 1015


View Profile
July 14, 2017, 07:52:28 AM
 #59

It is because of the limited balance and the long streak of loss. If you had a bad streak your balance can't cover it until all of your funds/depo will disappear. It is sure the most popular strat that exist but also the worst and only few have been using it.
Fulmand
Sr. Member
****
Offline Offline

Activity: 568
Merit: 250



View Profile
July 14, 2017, 08:18:32 AM
Last edit: July 14, 2017, 08:34:19 AM by Fulmand
 #60

It is because of the limited balance and the long streak of loss. If you had a bad streak your balance can't cover it until all of your funds/depo will disappear. It is sure the most popular strat that exist but also the worst and only few have been using it.
Don't say into final conclusions yet, because even if few were using it; the price is still higher with it's value. That bad streak will not work eversince,  due to low profit gains and funds is really losing in the long run. Even the best strategy you could and you have no proper gaming skills and patience  of the game; you really lose it.
Pages: « 1 2 [3] 4 »  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!