How many Bitcoins needed for martingale

[maeusi]

Maybe there could be an opportunity to lower the risked amount and play with high risk limited martingale
Ok, with bitcoin it would be difficult when not impossible.
Lets take an example with dogecoin.
Amount: 1000 doge
Bet minimum 0.00000010
Base bet: 0.00000010
Limited to 10 doge bet
Risk 17 %
If win: return to base bet
If loose: Triple (base bet x 3)

[bitcoinmasterlord]

As much as you have,  you can use all your bitcoin
Because martingale strategy need much balance to get profit
Not only need big balance you should have big luck
Or you will lose all your balance with this strategy

If you use all your bitcoins in martingale method then mostly you will lose all your bitcoins in one go for sure because in this method no one can tell you how many continuous losses you can get while playing so you should have the unlimited bankroll for that to happen otherwise you will mostly lose all your bankroll. Don't waste your money in experimenting such a dangerous method. Just play with a small bankroll and check your luck.

Yeah it is a waste of time. It is quite better to just bet your money on 50% and all in it than doing martin gale. Doing an all in is quite
just the same as doing a martin gale on your whole amount. It is quicker and a possibly more profitable than just martin gale-ing it.

I will not trust this martingale method in online gambling. But I can trust land based gambling there the house will not cheat players. But in online, this is not safe because we don't know that game is running randomly or some bot will control that game. If they make a program like is anyone start to use martingale method it only favours to the house then that's it you can use your full bankroll you will never get a green number.

[reflector]

With a more than 10 BTC bankroll you can survive for 29 consecutive losses, on the 30º you need to win otherwise you lose all the Bitcoins... It's not a good deal to risk such amount for 1 satoshi profit. Better to mix your gameplay with another strategies.

This proves martingale is just waste of time and money, there is no any strategy that will work for long time including this martingale. I have tried some martingale strategy in bustabit before but I lost more than half bitcoin within 12 hour for 1000 satoshi profit per round.  

Dude, it is the one type of gambling system which double the stakes. You said you never been started martingale as your gambling option. It is same doubling option we noticed earlier in this forum.
So don't towards martingale. if you still wish to start this please use the below link.
https://satoshidicebreaker.appspot.com/;jsessionid=Swwbabue2ADPaK5qTH6kXA?0

[Thekool1s]

I know that the martingale system could only win if an infinite amount is available and an infinitely high amount is likely to be placed and Casinos are protected against martingale.
Nevertheless, it would be interesting for theory to calculate the amount in relation to the highest known loss sequence.
Example:
Game: Dice Game
Minimum bet: 1 Satoshi
Maximum bet: no limit.
Highest known loss sequence on dice game: ?

Necessary maximum amount for theoretical safe gain: ?

Well in my opinion, if you want to do martingale, you should keep these things in mind.

1) Always before each turn generate a new seed, it helps with the randomness. The computers can't truly generate a random number so keep that in mind. The highest loses i got was around 12 loses in a row if i remember correctly. Without generating a new seed for each turn.

2) if you are going to start from 1 Satoshi, the safest bankroll will be 10 btc imo, but that's a huge amount these days and is not worth risking for low profits.

[chris200x9]

Maybe there could be an opportunity to lower the risked amount and play with high risk limited martingale
Ok, with bitcoin it would be difficult when not impossible.
Lets take an example with dogecoin.
Amount: 1000 doge
Bet minimum 0.00000010
Base bet: 0.00000010
Limited to 10 doge bet
Risk 17 %
If win: return to base bet
If loose: Triple (base bet x 3)

Firstly I don't think any site will allow you to bet so small amount in Dogecoin any dice site. If I'm correct the minimum amount should be one Dogecoin in most of the dice sites to bet. To try your above method you may need a lot of coins and still, there is no guaranty one can win. Nothing wrong in trying but don't expect you will win from this method instead just play for fun and if you're lucky then you may win.

[maeusi]

Maybe there could be an opportunity to lower the risked amount and play with high risk limited martingale
Ok, with bitcoin it would be difficult when not impossible.
Lets take an example with dogecoin.
Amount: 1000 doge
Bet minimum 0.00000010
Base bet: 0.00000010
Limited to 10 doge bet
Risk 17 %
If win: return to base bet
If loose: Triple (base bet x 3)

Firstly I don't think any site will allow you to bet so small amount in Dogecoin any dice site. If I'm correct the minimum amount should be one Dogecoin in most of the dice sites to bet. To try your above method you may need a lot of coins and still, there is no guaranty one can win. Nothing wrong in trying but don't expect you will win from this method instead just play for fun and if you're lucky then you may win.

There are sites those alllow the very low bet amounts I tried it out and it worked at beginning with luck and then lost the profit Yes its just for fun. The goal would be to find a strategy where one will stay as long as possible "alive" with his amount, have fun or make profit or both.

[emberbekas]

When we play with martingale, even though we had for example unlimited bankroll, there will be max profit on every gambling sites hence people mostly will end up losing when they used it very often because such condition (can't place a bet due to exceeding max profit ) will be met if we played it very long.

[bajing]

I know that the martingale system could only win if an infinite amount is available and an infinitely high amount is likely to be placed and Casinos are protected against martingale.
Nevertheless, it would be interesting for theory to calculate the amount in relation to the highest known loss sequence.
Example:
Game: Dice Game
Minimum bet: 1 Satoshi
Maximum bet: no limit.
Highest known loss sequence on dice game: ?

Necessary maximum amount for theoretical safe gain: ?

There is no exact value when using martingale because the key to win in martingale is just an estimate. For example you start a bet with 1 satoshi and you think will win on the 15th bet then you just set the balance up till up to the 15th bet.

[maeusi]

I know that the martingale system could only win if an infinite amount is available and an infinitely high amount is likely to be placed and Casinos are protected against martingale.
Nevertheless, it would be interesting for theory to calculate the amount in relation to the highest known loss sequence.
Example:
Game: Dice Game
Minimum bet: 1 Satoshi
Maximum bet: no limit.
Highest known loss sequence on dice game: ?

Necessary maximum amount for theoretical safe gain: ?

There is no exact value when using martingale because the key to win in martingale is just an estimate. For example you start a bet with 1 satoshi and you think will win on the 15th bet then you just set the balance up till up to the 15th bet.

You mean a kind of limited martingale? So just to limit to 15 loss? That seems to me quite high. Had often over 20 reds.

When we play with martingale, even though we had for example unlimited bankroll, there will be max profit on every gambling sites hence people mostly will end up losing when they used it very often because such condition (can't place a bet due to exceeding max profit ) will be met if we played it very long.

Yes, that is another point, that one can't win with martingale. I am just wondering how that fits to "provably fair" bets, that one can win an amount and up that point will always loose.

[Shinpako09]

I wouldn't use martingale if I have a decent balance. If your base bet is just 1satoshi and ended up having a red streak. Would you ever risk the 5btc for that 1satoshi. Also, even if you have infinite balance, how about the limit per bet. Martingale sucks and it's proven for how many years.

[ewonardo]

I've had streak lose more than 23x and streak win as much as 18x, both streak without doing martingale. For me, it was the most streak i experienced when playing dice. You can calculate it yourself if basebet only 1sat and you use martingale technique. I'm sure, your balance rushed out before take winning.

[bering]

some people had more than 20x losing streak so although you were starting bets with low amount eventually your bets will became so high because martingale strategy needed unlimited bitcoin to do so

[ShowOff]

why there are people that still use martingale nowadays, it is just waste time and you will ad with lose all your money. better use your own luck. there are no strategies in gambling, especially dice

[nizamcc]

Martingale had been one of the worst techniques I've ever tried gambling over dice sites. Even with your mentioned minimum bet, the loss sequence can cross levels where you may find yourself unsuitable to bet and until you realise, you could have already lost too much over the automated betting and that's how house eats your bankroll.

[marlboroza]

Maybe there could be an opportunity to lower the risked amount and play with high risk limited martingale
Ok, with bitcoin it would be difficult when not impossible.
Lets take an example with dogecoin.
Amount: 1000 doge
Bet minimum 0.00000010
Base bet: 0.00000010
Limited to 10 doge bet
Risk 17 %
If win: return to base bet
If loose: Triple (base bet x 3)

You will probably mine more doge if you mine them with your CPU than you will earn by doing martingale with base bet 0.0000001 DOGE.
You will have to win 10,000,000 times to earn 1 DOGE! 10000000 winning rolls for 1 DOGE m8! Do you know how much time is needed for that?
Not worth time and electricity.

[Barbut]

Martingale had been one of the worst techniques I've ever tried gambling over dice sites. Even with your mentioned minimum bet, the loss sequence can cross levels where you may find yourself unsuitable to bet and until you realise, you could have already lost too much over the automated betting and that's how house eats your bankroll.

That is proven, and martingale lead to disaster. But with so many topics about martingale and million comments how martingale is bad strategy people still don`t understand. Like nothing can convince them that martingale is bad idea from the start, and there is no amount of money that can help anyone to win with martingale strategy.
First OP wanted to bet in bitcoins, then in doge coins, its the same casinos are have maximum bet in dollars, convert it in currency you gamble and there is max limit. I think fortune jack is best example of that, I`m not sure is it still like that cause I didn`t play dices there for a while but with bitcoins minimum bet was 0.000001 (or 10 sat.), with litecoins around 1000 litetoshis, and doge was 10 doges or something like that. Anyway point is that with cheap coins you don`t have minimal bets in decimals.
I lost many times with automated betting, I don`t plan to bet like that ever again, even if I have 10 bitcoins, simply no.

[NorrisK]

For martingale to work you need an infinite amount of bitcoin.

That's the only way you can guarantee that you will always be able to make a bet in any losing streak.

Remember, long losing streaks do actually happen.

[Gotottack]

For martingale to work you need an infinite amount of bitcoin.

That's the only way you can guarantee that you will always be able to make a bet in any losing streak.

Remember, long losing streaks do actually happen.

That is absolutely true! Martin gale needs unlimited amounts of money to be able to profit from it indefinitely! Though the problem is that it is not possible to have infinite number of money also there is a limit to the max bet you can do in the casinos. So 2 factors will hinder a perfect martin gale system. Just play, don't use martin gale, it's a stupid strategy.

[MinerHQ]

Maybe there could be an opportunity to lower the risked amount and play with high risk limited martingale
Ok, with bitcoin it would be difficult when not impossible.
Lets take an example with dogecoin.
Amount: 1000 doge
Bet minimum 0.00000010
Base bet: 0.00000010
Limited to 10 doge bet
Risk 17 %
If win: return to base bet
If loose: Triple (base bet x 3)

You will probably mine more doge if you mine them with your CPU than you will earn by doing martingale with base bet 0.0000001 DOGE.
You will have to win 10,000,000 times to earn 1 DOGE! 10000000 winning rolls for 1 DOGE m8! Do you know how much time is needed for that?
Not worth time and electricity.

What you said is correct but I saw OP mentioned that he is using this method for fun and not to make a money. He plans to stay more time in a dice game to play instead of targeting earn money. It all depends on individuals but I also think it is too small amount to bet and not much fun and excitement with such small amount.

[sportbettor]

Examples of the application of the Martingale system in practice can be see here: http://sportstatist.com/the-pitfalls-of-martingale-money-management-strategy/