goose20
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December 15, 2014, 01:05:11 PM |
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Every time losing with Martingale I blame myself and promise never use it again. But... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Martingale is the best if there is no limits and you have infinite funds. But since no one has infinite funds and casinos set max limit per play - martingale system is dangerous and inevitably leeds to a complete bust. Use with care
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lili song
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December 15, 2014, 01:20:23 PM |
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Every time losing with Martingale I blame myself and promise never use it again. But... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Martingale is a poison.
Someone cares to explain what even that martingale is? example : You're betting BTC0.0012 -> loseYou're betting BTC0.0024 -> loseYou're betting BTC0.0048 -> loseYou're betting BTC0.0096 -> loseYou're betting BTC0.0192 -> you won this is how the martiangle works and you get 0.0012 profit because of this martiangle
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angeloanggam
Sr. Member
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Activity: 252
Merit: 250
Ace of ♠♠♠♠
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December 15, 2014, 01:29:28 PM |
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Every time losing with Martingale I blame myself and promise never use it again. But... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Martingale is a poison.
Someone cares to explain what even that martingale is? example : You're betting BTC0.0012 -> loseYou're betting BTC0.0024 -> loseYou're betting BTC0.0048 -> loseYou're betting BTC0.0096 -> loseYou're betting BTC0.0192 -> you won this is how the martiangle works and you get 0.0012 profit because of this martiangle Try playing that way and roll just 100 times or even 50, you will eventually lose.
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moreia
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December 15, 2014, 01:30:07 PM |
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Every time losing with Martingale I blame myself and promise never use it again. But... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Martingale is a poison.
Someone cares to explain what even that martingale is? example : You're betting BTC0.0012 -> loseYou're betting BTC0.0024 -> loseYou're betting BTC0.0048 -> loseYou're betting BTC0.0096 -> loseYou're betting BTC0.0192 -> you won this is how the martiangle works and you get 0.0012 profit because of this martiangle you make .0012 and risk over .03BTC, over 30x what you're looking at winning and that's only over 5 losses. People run into 10, 15, and sometimes even 20 loss streaks and people have the nerve to use the martingale system.
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Josepht
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December 15, 2014, 01:35:42 PM |
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Every time losing with Martingale I blame myself and promise never use it again. But... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Martingale is a poison.
Someone cares to explain what even that martingale is? example : You're betting BTC0.0012 -> loseYou're betting BTC0.0024 -> loseYou're betting BTC0.0048 -> loseYou're betting BTC0.0096 -> loseYou're betting BTC0.0192 -> you won this is how the martiangle works and you get 0.0012 profit because of this martiangle Try playing that way and roll just 100 times or even 50, you will eventually lose. I don't think you'll lose if you roll only 50 or 100 times. Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024. I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls.
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Shogen
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December 15, 2014, 02:06:43 PM |
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Every time losing with Martingale I blame myself and promise never use it again. But... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Martingale is a poison.
Someone cares to explain what even that martingale is? example : You're betting BTC0.0012 -> loseYou're betting BTC0.0024 -> loseYou're betting BTC0.0048 -> loseYou're betting BTC0.0096 -> loseYou're betting BTC0.0192 -> you won this is how the martiangle works and you get 0.0012 profit because of this martiangle Try playing that way and roll just 100 times or even 50, you will eventually lose. I don't think you'll lose if you roll only 50 or 100 times. Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024. I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls. I am curious about the chance for that to actually happen, but it is a bit more difficult than I thought. Any one know a simple formula or calculator to calculate the chance of having n losses in a row within m rolls?
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hui
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December 15, 2014, 04:52:50 PM |
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Every time losing with Martingale I blame myself and promise never use it again. But... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Martingale is a poison.
Someone cares to explain what even that martingale is? example : You're betting BTC0.0012 -> loseYou're betting BTC0.0024 -> loseYou're betting BTC0.0048 -> loseYou're betting BTC0.0096 -> loseYou're betting BTC0.0192 -> you won this is how the martiangle works and you get 0.0012 profit because of this martiangle Try playing that way and roll just 100 times or even 50, you will eventually lose. I don't think you'll lose if you roll only 50 or 100 times. Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024. I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls. I am curious about the chance for that to actually happen, but it is a bit more difficult than I thought. Any one know a simple formula or calculator to calculate the chance of having n losses in a row within m rolls? you might want to look at this thread over at reddit and especially the explanation of motherlover: http://www.reddit.com/r/Primedice/comments/2m6oi1/probability_question_for_the_math_people_warm_up/
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NeuroticFish
Legendary
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Looking for campaign manager? Contact icopress!
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December 15, 2014, 04:57:54 PM |
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Try playing that way and roll just 100 times or even 50, you will eventually lose.
I can vouch for that. I've played like that when I started gambling a little more. It was the "best" losing "strategy". I even started thinking that the sites have some code especially built to detect and make you lose if you do this. Since then.. I've done some changes in my strategy and .. "I've got better" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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tspacepilot
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I may write code in exchange for bitcoins.
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December 15, 2014, 06:06:35 PM |
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Every time losing with Martingale I blame myself and promise never use it again. But... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Martingale is a poison.
Someone cares to explain what even that martingale is? Not to turn away your invitation to discussion, but there's been so much ink spilled already over what martingale is, whether it works, etc that I think it makes sense just to suggest that you google "martingale" or start with the wikipedia article on it.
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mindrust
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December 15, 2014, 10:21:58 PM |
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Every time losing with Martingale I blame myself and promise never use it again. But... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Martingale is a poison.
Someone cares to explain what even that martingale is? example : You're betting BTC0.0012 -> loseYou're betting BTC0.0024 -> loseYou're betting BTC0.0048 -> loseYou're betting BTC0.0096 -> loseYou're betting BTC0.0192 -> you won this is how the martiangle works and you get 0.0012 profit because of this martiangle Try playing that way and roll just 100 times or even 50, you will eventually lose. I don't think you'll lose if you roll only 50 or 100 times. Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024. I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls. The chance of happening 10 loses in a row is a lot more common than 1/1024. I don't know how you get that number but do you realize that every single bet is independent from each other? It seems you don't, like %90 of matingale users.That means you cant exactly predict the time of that +10 losing serie(s). You may get 10+ loses in your first session. than bam. you re out.
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msc
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December 15, 2014, 11:02:21 PM |
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The chance of happening 10 loses in a row is a lot more common than 1/1024. I don't know how you get that number but do you realize that every single bet is independent from each other? It seems you don't, like %90 of matingale users.That means you cant exactly predict the time of that +10 losing serie(s). You may get 10+ loses in your first session. than bam. you re out.
At the 50% level, the chance of losing 10 times in a row is 0.5^10, which is 0.098%, or 1/1024. But that's just an average. It could happen at any time, or even multiple times. Also remember that whether you're betting manually or automatically, you can rack up 1024 rolls more quickly than you might think.
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lastlove9091
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December 16, 2014, 09:51:25 AM |
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chance is only chance.. i met up at least 5 time of 23 red streaks of 2.0x per 10k bet ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Josepht
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December 16, 2014, 01:49:32 PM |
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I don't think you'll lose if you roll only 50 or 100 times. Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024.
I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls.
The chance of happening 10 loses in a row is a lot more common than 1/1024. I don't know how you get that number but do you realize that every single bet is independent from each other? It seems you don't, like %90 of matingale users.That means you cant exactly predict the time of that +10 losing serie(s). You may get 10+ loses in your first session. than bam. you re out. Of course it can happen in the first session, but it might as well happen in the 2000th session. Yes, I do kno w each roll is independent. That's how I calculated the chance of 1/1048 of losing in a single session. Assuming you have a 50% chance, 10 losses in a row will be the chance of 0.5^10=1/1024 So if you would try unlimited times, on average you'll lose 10 times in a row after 1024 times. Please prove me where I'm wrong.
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mindrust
Legendary
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December 16, 2014, 05:00:53 PM |
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I don't think you'll lose if you roll only 50 or 100 times. Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024.
I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls.
The chance of happening 10 loses in a row is a lot more common than 1/1024. I don't know how you get that number but do you realize that every single bet is independent from each other? It seems you don't, like %90 of matingale users.That means you cant exactly predict the time of that +10 losing serie(s). You may get 10+ loses in your first session. than bam. you re out. Of course it can happen in the first session, but it might as well happen in the 2000th session. Yes, I do kno w each roll is independent. That's how I calculated the chance of 1/1048 of losing in a single session. Assuming you have a 50% chance, 10 losses in a row will be the chance of 0.5^10=1/1024 So if you would try unlimited times, on average you'll lose 10 times in a row after 1024 times. Please prove me where I'm wrong. I assure you, it will happen way before the 2000th game:) I am the voice of experience. You are wrong because, you broke the law of Murphy. This is his world and in his world, majority always lose. If you think you are "the one" thats another story.
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Josepht
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December 16, 2014, 05:45:02 PM |
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I don't think you'll lose if you roll only 50 or 100 times. Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024.
I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls.
The chance of happening 10 loses in a row is a lot more common than 1/1024. I don't know how you get that number but do you realize that every single bet is independent from each other? It seems you don't, like %90 of matingale users.That means you cant exactly predict the time of that +10 losing serie(s). You may get 10+ loses in your first session. than bam. you re out. Of course it can happen in the first session, but it might as well happen in the 2000th session. Yes, I do kno w each roll is independent. That's how I calculated the chance of 1/1048 of losing in a single session. Assuming you have a 50% chance, 10 losses in a row will be the chance of 0.5^10=1/1024 So if you would try unlimited times, on average you'll lose 10 times in a row after 1024 times. Please prove me where I'm wrong. I assure you, it will happen way before the 2000th game:) I am the voice of experience. You are wrong because, you broke the law of Murphy. This is his world and in his world, majority always lose. If you think you are "the one" thats another story. Your 'experience' is just based on a few games you played. I am talking about endless games. On average there will be a 10 times losing streak every 1024 bets. I'm sorry bro, math is on my side here.
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Coef
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December 16, 2014, 05:48:46 PM |
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The chance of happening 10 loses in a row is a lot more common than 1/1024. I don't know how you get that number but do you realize that every single bet is independent from each other? It seems you don't, like %90 of matingale users.That means you cant exactly predict the time of that +10 losing serie(s). You may get 10+ loses in your first session. than bam. you re out.
At the 50% level, the chance of losing 10 times in a row is 0.5^10, which is 0.098%, or 1/1024. But that's just an average. It could happen at any time, or even multiple times. Also remember that whether you're betting manually or automatically, you can rack up 1024 rolls more quickly than you might think. The chance of having 10 losses in the coming 10 bets is 1/1024, but it is not when you play thousands of bets on auto betting.
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mindrust
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December 16, 2014, 06:15:32 PM |
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I don't think you'll lose if you roll only 50 or 100 times. Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024.
I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls.
The chance of happening 10 loses in a row is a lot more common than 1/1024. I don't know how you get that number but do you realize that every single bet is independent from each other? It seems you don't, like %90 of matingale users.That means you cant exactly predict the time of that +10 losing serie(s). You may get 10+ loses in your first session. than bam. you re out. Of course it can happen in the first session, but it might as well happen in the 2000th session. Yes, I do kno w each roll is independent. That's how I calculated the chance of 1/1048 of losing in a single session. Assuming you have a 50% chance, 10 losses in a row will be the chance of 0.5^10=1/1024 So if you would try unlimited times, on average you'll lose 10 times in a row after 1024 times. Please prove me where I'm wrong. I assure you, it will happen way before the 2000th game:) I am the voice of experience. You are wrong because, you broke the law of Murphy. This is his world and in his world, majority always lose. If you think you are "the one" thats another story. Your 'experience' is just based on a few games you played. I am talking about endless games. On average there will be a 10 times losing streak every 1024 bets. I'm sorry bro, math is on my side here. The problem is, you dont make countless times of bets. Not an average person does that. = Majority. Even you make "0" bets you ll get bored evetually. This is not math. This is gambling. And when you gamble math is not on your side. Sorry for the hard truth.
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Josepht
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December 16, 2014, 07:27:50 PM |
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I don't think you'll lose if you roll only 50 or 100 times. Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024.
I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls.
The chance of happening 10 loses in a row is a lot more common than 1/1024. I don't know how you get that number but do you realize that every single bet is independent from each other? It seems you don't, like %90 of matingale users.That means you cant exactly predict the time of that +10 losing serie(s). You may get 10+ loses in your first session. than bam. you re out. Of course it can happen in the first session, but it might as well happen in the 2000th session. Yes, I do kno w each roll is independent. That's how I calculated the chance of 1/1048 of losing in a single session. Assuming you have a 50% chance, 10 losses in a row will be the chance of 0.5^10=1/1024 So if you would try unlimited times, on average you'll lose 10 times in a row after 1024 times. Please prove me where I'm wrong. I assure you, it will happen way before the 2000th game:) I am the voice of experience. You are wrong because, you broke the law of Murphy. This is his world and in his world, majority always lose. If you think you are "the one" thats another story. Your 'experience' is just based on a few games you played. I am talking about endless games. On average there will be a 10 times losing streak every 1024 bets. I'm sorry bro, math is on my side here. The problem is, you dont make countless times of bets. Not an average person does that. = Majority. Even you make "0" bets you ll get bored evetually. This is not math. This is gambling. And when you gamble math is not on your side. Sorry for the hard truth. Indeed, no one makes countless bets. It is however the closest we can come to reality. You said that a 10 times losing streak happens more often then once in 1024 bets, based on your experience. At least my calculation is closer to the truth then your 'experience'. Can anyone maybe help me explain to this guy how it really works? It seems that he has a hard time understanding it.
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mindrust
Legendary
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Activity: 3360
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December 16, 2014, 07:32:31 PM |
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I don't think you'll lose if you roll only 50 or 100 times. Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024.
I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls.
The chance of happening 10 loses in a row is a lot more common than 1/1024. I don't know how you get that number but do you realize that every single bet is independent from each other? It seems you don't, like %90 of matingale users.That means you cant exactly predict the time of that +10 losing serie(s). You may get 10+ loses in your first session. than bam. you re out. Of course it can happen in the first session, but it might as well happen in the 2000th session. Yes, I do kno w each roll is independent. That's how I calculated the chance of 1/1048 of losing in a single session. Assuming you have a 50% chance, 10 losses in a row will be the chance of 0.5^10=1/1024 So if you would try unlimited times, on average you'll lose 10 times in a row after 1024 times. Please prove me where I'm wrong. I assure you, it will happen way before the 2000th game:) I am the voice of experience. You are wrong because, you broke the law of Murphy. This is his world and in his world, majority always lose. If you think you are "the one" thats another story. Your 'experience' is just based on a few games you played. I am talking about endless games. On average there will be a 10 times losing streak every 1024 bets. I'm sorry bro, math is on my side here. The problem is, you dont make countless times of bets. Not an average person does that. = Majority. Even you make "0" bets you ll get bored evetually. This is not math. This is gambling. And when you gamble math is not on your side. Sorry for the hard truth. Indeed, no one makes countless bets. It is however the closest we can come to reality. You said that a 10 times losing streak happens more often then once in 1024 bets, based on your experience. At least my calculation is closer to the truth then your 'experience'. Can anyone maybe help me explain to this guy how it really works? It seems that he has a hard time understanding it. I give up. You are right. You get a 10loses serie once in a 1024. Got it. That's math it is the absolute truth. Go on. Keep it. Good luck in your life.
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mordekaiser
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December 16, 2014, 10:38:04 PM |
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do you know if pd happy hour will ever be back?
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