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Author Topic: what position size for martingale?  (Read 2041 times)
btcloi78
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January 08, 2017, 09:28:54 PM
 #41

I lossed with martingale strategy on primedice 18 losses in a row this is my record Smiley).
This is my observation about dice sites. losing streak>winning streak
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January 08, 2017, 09:39:20 PM
 #42

I lossed with martingale strategy on primedice 18 losses in a row this is my record Smiley).
This is my observation about dice sites. losing streak>winning streak

Ohh, damn

Sorry to hear that bud!

How much did you lose?

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January 08, 2017, 11:55:35 PM
 #43

I normally start with 0.0000001 - 0.000001 with a 1.25% on lose is normally what i do for plinko 1 drops or dice 80% high.
Is that bet amount not too small? Is it worth to your time? I don't think so
My personal experience says no matter how low your bet to martingale sooner or later you will get busted
I almost lost 10 bitcoin 2 years ago with starting bet at 0.0001
Can you imagine how annoying it is, when you try to chase 0.0001 with martingale but you have to risk almost 10 bitcoin?  It is totally a joke.

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January 09, 2017, 12:23:47 AM
 #44

I normally start with 0.0000001 - 0.000001 with a 1.25% on lose is normally what i do for plinko 1 drops or dice 80% high.
Is that bet amount not too small? Is it worth to your time? I don't think so
My personal experience says no matter how low your bet to martingale sooner or later you will get busted
I almost lost 10 bitcoin 2 years ago with starting bet at 0.0001
Can you imagine how annoying it is, when you try to chase 0.0001 with martingale but you have to risk almost 10 bitcoin?  It is totally a joke.
amen. i made thousands on martingale when i used it in roulette years back when i was a lot younger. but in the end i saw several times black or red or high or low come up 30 or even more times in a row and i stopped while i still had profit. going from 0.0001 to 10 bitcoin takes less than 20 times the same result in a row and it will happen. as many others in this forum have stated your loss is just a matter of time when using martingale.
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January 09, 2017, 04:47:27 AM
 #45

I normally start with 0.0000001 - 0.000001 with a 1.25% on lose is normally what i do for plinko 1 drops or dice 80% high.
Is that bet amount not too small? Is it worth to your time? I don't think so
My personal experience says no matter how low your bet to martingale sooner or later you will get busted
I almost lost 10 bitcoin 2 years ago with starting bet at 0.0001
Can you imagine how annoying it is, when you try to chase 0.0001 with martingale but you have to risk almost 10 bitcoin?  It is totally a joke.
amen. i made thousands on martingale when i used it in roulette years back when i was a lot younger. but in the end i saw several times black or red or high or low come up 30 or even more times in a row and i stopped while i still had profit. going from 0.0001 to 10 bitcoin takes less than 20 times the same result in a row and it will happen. as many others in this forum have stated your loss is just a matter of time when using martingale.
Exactly, it does not guarantee you to win as it primarily depend on your luck. What I believe that is necessary to win in gambling is having the skills to choose the correct bet and second is the right bankroll management. Both should be considered as only one won't work.

Martingale for me is not really that profitable, I have a bad experience getting busted with 10 cold losing steak and that's not fun at all especially when you are starting with a good win.

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Golftech
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January 09, 2017, 05:35:09 AM
 #46

I normally start with 0.0000001 - 0.000001 with a 1.25% on lose is normally what i do for plinko 1 drops or dice 80% high.
Is that bet amount not too small? Is it worth to your time? I don't think so
My personal experience says no matter how low your bet to martingale sooner or later you will get busted
I almost lost 10 bitcoin 2 years ago with starting bet at 0.0001
Can you imagine how annoying it is, when you try to chase 0.0001 with martingale but you have to risk almost 10 bitcoin?  It is totally a joke.
amen. i made thousands on martingale when i used it in roulette years back when i was a lot younger. but in the end i saw several times black or red or high or low come up 30 or even more times in a row and i stopped while i still had profit. going from 0.0001 to 10 bitcoin takes less than 20 times the same result in a row and it will happen. as many others in this forum have stated your loss is just a matter of time when using martingale.
Exactly, it does not guarantee you to win as it primarily depend on your luck. What I believe that is necessary to win in gambling is having the skills to choose the correct bet and second is the right bankroll management. Both should be considered as only one won't work.

Martingale for me is not really that profitable, I have a bad experience getting busted with 10 cold losing steak and that's not fun at all especially when you are starting with a good win.
Its not good to keep using it from time to time maybe you can combined your skills and this strategy while you still got a good bankroll because for sure in a long run keep using martingale will just let you loses you capital without noticing it. Need to be very careful and self control to quit while you still have time.

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January 09, 2017, 05:39:38 AM
 #47

I lossed with martingale strategy on primedice 18 losses in a row this is my record Smiley).
This is my observation about dice sites. losing streak>winning streak

you have to mention your multiplier when you are reporting losing steak on dice and using martingale. it can be normal on a 5x multiplier and abnormal for 1.01x multiplier!
but i am guessing you have been playing with 2x since you said nothing about it and if so, it is still normal since i have had multiple occasions that losing streak went as high as 29-30 losses on a 2x multiplier.

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January 09, 2017, 05:41:56 AM
 #48

I lossed with martingale strategy on primedice 18 losses in a row this is my record Smiley).
This is my observation about dice sites. losing streak>winning streak
Only 18? i had 28 streak loses (Not in Primedice), lol
Your observation is totaly wrong. You should do  millions/billions bets before you judge if losing streak is more than winning streak if you 're playing at 49.5% or 2x multiplier. Losing streak is more than winning streak if you're playing at low win chance (<49.5%), you will having more winning streak if you're playing at high chance (>49,5%)



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January 09, 2017, 10:06:54 AM
 #49

The most times I have lost in a row was about 10-13 and its happened a few times. But I have also won thst many times in a row unfortunately I never put high enough bets to make it count for much.

I ise to do lots of small bets but it makes no difference to the outcome so now I just make bigger ones but fewer and walk away when I make over 10% profit. !much safer thst way. Although I dont gamble much anymore.

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January 10, 2017, 09:29:20 AM
 #50

I lossed with martingale strategy on primedice 18 losses in a row this is my record Smiley).
This is my observation about dice sites. losing streak>winning streak
its' not only you losing their money during use martingale strategy for their gamble and 18 losing streak is good record but i have been experience 25 losing streak and i think mine more worst than yours and regarding this strategy currently people start to leave martingale because the risk more higher rather than other strategy

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January 11, 2017, 03:00:42 PM
 #51

I normally start with 0.0000001 - 0.000001 with a 1.25% on lose is normally what i do for plinko 1 drops or dice 80% high.
Is that bet amount not too small? Is it worth to your time? I don't think so
My personal experience says no matter how low your bet to martingale sooner or later you will get busted
I almost lost 10 bitcoin 2 years ago with starting bet at 0.0001
Can you imagine how annoying it is, when you try to chase 0.0001 with martingale but you have to risk almost 10 bitcoin?  It is totally a joke.
amen. i made thousands on martingale when i used it in roulette years back when i was a lot younger. but in the end i saw several times black or red or high or low come up 30 or even more times in a row and i stopped while i still had profit. going from 0.0001 to 10 bitcoin takes less than 20 times the same result in a row and it will happen. as many others in this forum have stated your loss is just a matter of time when using martingale.
to chase 20 times winning consecutive is an impossible mission
you may can hit it someday, but the chance is very very low
not really suggested to use any form of martingale betting system
it's the worst strategy ever found. nothing can bring you an everlasting win.

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January 11, 2017, 07:41:18 PM
 #52

I lossed with martingale strategy on primedice 18 losses in a row this is my record Smiley).
This is my observation about dice sites. losing streak>winning streak
its' not only you losing their money during use martingale strategy for their gamble and 18 losing streak is good record but i have been experience 25 losing streak and i think mine more worst than yours and regarding this strategy currently people start to leave martingale because the risk more higher rather than other strategy
Martingale may give you profits only when you try it in player vs player games, I have observed many times that we never will be able to tackle the gambling houses with Martingale. It sometimes makes me suspect about the provably fair system too.

Because even with 1 satoshi bet also we never be able to crack profits through Martingale. The continuous losses make the base bet grow bigger than bank roll. (that is the real problem with Martingale)

Maybe Martingale with massive bankroll may cracks profits. Still I guess we need bigger bankroll than house edge and house edge's capacity will not be visible.


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January 11, 2017, 11:03:33 PM
 #53

I lossed with martingale strategy on primedice 18 losses in a row this is my record Smiley).
This is my observation about dice sites. losing streak>winning streak
its' not only you losing their money during use martingale strategy for their gamble and 18 losing streak is good record but i have been experience 25 losing streak and i think mine more worst than yours and regarding this strategy currently people start to leave martingale because the risk more higher rather than other strategy
Martingale may give you profits only when you try it in player vs player games, I have observed many times that we never will be able to tackle the gambling houses with Martingale. It sometimes makes me suspect about the provably fair system too.

Because even with 1 satoshi bet also we never be able to crack profits through Martingale. The continuous losses make the base bet grow bigger than bank roll. (that is the real problem with Martingale)

Maybe Martingale with massive bankroll may cracks profits. Still I guess we need bigger bankroll than house edge and house edge's capacity will not be visible.
I agree with you mate since that i also did this mistake with playing my alt coin inside yobit and even i have really enough i guess for my capital and thinking that playing low and use martingale will allow me to win but it turned to the otherside and give me 19 straight losing streak too bad i didnt manage to quit before i lose everything with my wallet.

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