Martingale for win, my own experience

[FlightyPouch]

Correct , We know that martingale technique is so risky that if you run out of money you will totally lose the game , But this technique is effective on a persons that has a very large bank roll. But it is isnt effective on a small ones. Just remember that dont over spend your time on playing gamble because you will all lose in the end.

That is obvious, if you run out of money that is the signal that you lose, does it mean anything else? Martingale is a great strategy really for an individual that has a lot of number in his bank roll. Don't try this strategy if you just have some number that can be gambled on your wallet since you will not just lose but you will be losing it in a blink of an eye.

The whole point I was making was to show that it is NOT a great strategy ESPECIALLY for an individual with a long bankroll. That particular individual would be eventually risking his whole money just to win a single stake 1$ profit. It is lunacy!

Well, I am not having an argument about your post unless you are abel1337 user. Hmmm 

High risk, high return, that is the usual saying of these gamblers, not only them but also these investors investing on a lot of great crypto currencies. I am not saying that it is a good thing I am just saying that it can be a good thing.

[Betwrong]

Many people here saying that martingale is not good but, one way or other we tried this strategy at least one. I have not good experience with the strategy. Anyway, in the long run no strategy is safe. Some might get lucky to make a fortune from it, some don't. Happy for this guy.

It does not work and even if it did it would NOT give you a fortune. You get one dollar back risking all your money each time, because if the strategy fails it means you ran out of money.

Have a look at this example:

• Say, you loose 1$, so you now stake 2$. You already lost 1$, and you have a chance to win 1$ profit.
• Next you loose those 2$, and you now stake 4$. You already lost 3$ total, and you have a chance to win 1$ profit.
• Next you loose those 4$, and you now stake 8$. You already lost 7$ total, and you have a chance to win 1$ profit.
• Next you loose those 8$, and you now stake 16$. You already lost 15$ total, and you have a chance to win 1$ profit.
• and so on

As you can see, even assuming the strategy doesn't break (=you run out of money = total bankruptsy) you risk all your money to win one dollar back. How can that make you a fortune

[Post was edited to remove ambiguity]

I don't want to advocate martingale strategy but for fairness' sake I must say that it can make you a fortune in some scenarios, and here's how. The thing is that sometimes you win your first bet, and the second one, and the third one. When using an automated betting on a dice site with good speed it can bring you $3 per second in the best case scenario, and $1 per second on average. With $256 bankroll you can safely afford 7 reds in a row and it is possible that in a time span, say, of 20 minutes you won't hit 8 reds in a row playing with 49.5% win chance. Thus you can make over $1k in 20 minutes. There were numerous examples of that and that's why this strategy is so attractive. If gamblers were only losing with martingale, this strategy would be forgotten long time ago and we wouldn't be discussing it here.

That being said, it is not improbable that you will lose your $256 during the first five seconds, and it most likely that you will lose everything with thousands and thousands of bets.

[kurian]

Many people here saying that martingale is not good but, one way or other we tried this strategy at least one. I have not good experience with the strategy. Anyway, in the long run no strategy is safe. Some might get lucky to make a fortune from it, some don't. Happy for this guy.

It does not work and even if it did it would NOT give you a fortune. You get one dollar back risking all your money each time, because if the strategy fails it means you ran out of money.

Have a look at this example:

• Say, you loose 1$, so you now stake 2$. You already lost 1$, and you have a chance to win 1$ profit.
• Next you loose those 2$, and you now stake 4$. You already lost 3$ total, and you have a chance to win 1$ profit.
• Next you loose those 4$, and you now stake 8$. You already lost 7$ total, and you have a chance to win 1$ profit.
• Next you loose those 8$, and you now stake 16$. You already lost 15$ total, and you have a chance to win 1$ profit.
• and so on

As you can see, even assuming the strategy doesn't break (=you run out of money = total bankruptsy) you risk all your money to win one dollar back. How can that make you a fortune

[Post was edited to remove ambiguity]

Well said. I totally agree with you. I didn't say martingale is a sure win. What i was trying to convey was, I am happy for this guy and he did made some profit using this strategy.
and about making a fortune from this strategy, If a highroller bets with big amount and he somehow managed to get winning bet after two or three loses for some time then, he would definitely make some fortune from it.. (Even it sounds unbelievable, it's probable right) .

[Pan Troglodytes]

Correct , We know that martingale technique is so risky that if you run out of money you will totally lose the game , But this technique is effective on a persons that has a very large bank roll. But it is isnt effective on a small ones. Just remember that dont over spend your time on playing gamble because you will all lose in the end.

That is obvious, if you run out of money that is the signal that you lose, does it mean anything else? Martingale is a great strategy really for an individual that has a lot of number in his bank roll. Don't try this strategy if you just have some number that can be gambled on your wallet since you will not just lose but you will be losing it in a blink of an eye.

The whole point I was making was to show that it is NOT a great strategy ESPECIALLY for an individual with a long bankroll. That particular individual would be eventually risking his whole money just to win a single stake 1$ profit. It is lunacy!

Well, I am not having an argument about your post unless you are abel1337 user. Hmmm  

No I don't know him. Why? EDIT: OK I am dumb

High risk, high return, that is the usual saying of these gamblers, not only them but also these investors investing on a lot of great crypto currencies. I am not saying that it is a good thing I am just saying that it can be a good thing.

High risk&high return is OK, buying crypto is just that - high risk&high return, where high risk enables high rewards. But again: martingale is all about high risk and low return

[BartS]

Hi,
I try to play on http://oddevenbets.com

I want try martingale strategy now..


My next 10 bets!
Great result, 7 win, 3 lose


Look this! Martingale works fine

That is your proof? You just won a few bets and that is enough for you? The longer you play the greater the chances that you will lose, I do not care if you need to lose a 100 times in order for your martingale system to be beaten, it may sound impossible for that to happen but as long as you keep playing that will eventually happen, if you like to gamble I will recommend to you that you try some games that you can actually beat like poker or sports bets.

[Forever_F7]

You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.

[Symphonized]

You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.

Well there are always other martingale based strategies, just need to calculate some of them

[Forever_F7]

You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.

Well there are always other martingale based strategies, just need to calculate some of them

Indeed, calculation is aslo good idea but you cannot often calculate and sometimes your calculations aren't go right cause of house edge

[nydiacaskey01]

You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.

If the site is provably fair, martingale will not work, what happens is just pure coincidence. Martingale is not a loop hole that applies to all dice or online casino site. Its nothing but a glorified strategy that some claims works for them but didn't make them rich at the end of the day because if it is true and working, how come they are still playing and using the so called strategy?

[crwth]

You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.

If the site is provably fair, martingale will not work, what happens is just pure coincidence. Martingale is not a loop hole that applies to all dice or online casino site. Its nothing but a glorified strategy that some claims works for them but didn't make them rich at the end of the day because if it is true and working, how come they are still playing and using the so called strategy?

It's coincidence with the hint of luck. It's really just that, the martingale is awesome, but if you do it too much and play for a long time, you are going to lose it. There are reports about it, and it wouldn't really work. In the end, it's just for the entertainment and "hoping" that it could work and we all should know that it's not the Holy Grail.

[KenChanYu]

You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale. And don't forget martingales work not only for you they works for website as well.

If the site is provably fair, martingale will not work, what happens is just pure coincidence. Martingale is not a loop hole that applies to all dice or online casino site. Its nothing but a glorified strategy that some claims works for them but didn't make them rich at the end of the day because if it is true and working, how come they are still playing and using the so called strategy?

It's coincidence with the hint of luck. It's really just that, the martingale is awesome, but if you do it too much and play for a long time, you are going to lose it. There are reports about it, and it wouldn't really work. In the end, it's just for the entertainment and "hoping" that it could work and we all should know that it's not the Holy Grail.

That's reality to always possibly will happen when we played too much and not even thinking the negative results. Martingale was so good, but you need to control yourselves so that you won't be losing your bets. If you see it not profitable for the main time don't rush it all, because there's another chance and you can come back for the other days.

[ethereumhunter]

I guess that you cannot always win with your martingale strategy because of it still difficult to get this strategies works in a long time no matter you can master the strategies. maybe martingale is work in the short time only and for a long time, I think you need to make another strategy so you can still win in the game. I hope that you can control yourself and not spend too much money if you decide to play in all day long.

[Pan Troglodytes]

Many people here saying that martingale is not good but, one way or other we tried this strategy at least one. I have not good experience with the strategy. Anyway, in the long run no strategy is safe. Some might get lucky to make a fortune from it, some don't. Happy for this guy.

It does not work and even if it did it would NOT give you a fortune. You get one dollar back risking all your money each time, because if the strategy fails it means you ran out of money.

Have a look at this example:

• Say, you loose 1$, so you now stake 2$. You already lost 1$, and you have a chance to win 1$ profit.
• Next you loose those 2$, and you now stake 4$. You already lost 3$ total, and you have a chance to win 1$ profit.
• Next you loose those 4$, and you now stake 8$. You already lost 7$ total, and you have a chance to win 1$ profit.
• Next you loose those 8$, and you now stake 16$. You already lost 15$ total, and you have a chance to win 1$ profit.
• and so on

As you can see, even assuming the strategy doesn't break (=you run out of money = total bankruptsy) you risk all your money to win one dollar back. How can that make you a fortune

[Post was edited to remove ambiguity]

I don't want to advocate martingale strategy but for fairness' sake I must say that it can make you a fortune in some scenarios, and here's how. The thing is that sometimes you win your first bet, and the second one, and the third one. When using an automated betting on a dice site with good speed it can bring you $3 per second in the best case scenario, and $1 per second on average. With $256 bankroll you can safely afford 7 reds in a row and it is possible that in a time span, say, of 20 minutes you won't hit 8 reds in a row playing with 49.5% win chance. Thus you can make over $1k in 20 minutes. There were numerous examples of that and that's why this strategy is so attractive. If gamblers were only losing with martingale, this strategy would be forgotten long time ago and we wouldn't be discussing it here.

That being said, it is not improbable that you will lose your $256 during the first five seconds, and it most likely that you will lose everything with thousands and thousands of bets.

Well, for fairness sake, if one must risk all one's bank roll - well, just let one do exactly that. Betting all one's bankroll and starting with 256$ one needs to win only twice to get over 1k. I didn't calculate the odds for both but I bet they are much better than achieving the same with martingales.

[emberbekas]

I guess that you cannot always win with your martingale strategy because of it still difficult to get this strategies works in a long time no matter you can master the strategies. maybe martingale is work in the short time only and for a long time, I think you need to make another strategy so you can still win in the game. I hope that you can control yourself and not spend too much money if you decide to play in all day long.

Martingale will work if :
1. We have an unlimited balance
2. The casino has no max profit rule, means we can bet with whatever amount we want.

And I guess, those two conditions will be impossible to achieve and that is why I considered martingale isn't the perfect strategy in gambling. It can work if we are lucky enough and know how to stop, otherwise it will fail.

[Betwrong]

Many people here saying that martingale is not good but, one way or other we tried this strategy at least one. I have not good experience with the strategy. Anyway, in the long run no strategy is safe. Some might get lucky to make a fortune from it, some don't. Happy for this guy.

It does not work and even if it did it would NOT give you a fortune. You get one dollar back risking all your money each time, because if the strategy fails it means you ran out of money.

Have a look at this example:

• Say, you loose 1$, so you now stake 2$. You already lost 1$, and you have a chance to win 1$ profit.
• Next you loose those 2$, and you now stake 4$. You already lost 3$ total, and you have a chance to win 1$ profit.
• Next you loose those 4$, and you now stake 8$. You already lost 7$ total, and you have a chance to win 1$ profit.
• Next you loose those 8$, and you now stake 16$. You already lost 15$ total, and you have a chance to win 1$ profit.
• and so on

As you can see, even assuming the strategy doesn't break (=you run out of money = total bankruptsy) you risk all your money to win one dollar back. How can that make you a fortune

[Post was edited to remove ambiguity]

I don't want to advocate martingale strategy but for fairness' sake I must say that it can make you a fortune in some scenarios, and here's how. The thing is that sometimes you win your first bet, and the second one, and the third one. When using an automated betting on a dice site with good speed it can bring you $3 per second in the best case scenario, and $1 per second on average. With $256 bankroll you can safely afford 7 reds in a row and it is possible that in a time span, say, of 20 minutes you won't hit 8 reds in a row playing with 49.5% win chance. Thus you can make over $1k in 20 minutes. There were numerous examples of that and that's why this strategy is so attractive. If gamblers were only losing with martingale, this strategy would be forgotten long time ago and we wouldn't be discussing it here.

That being said, it is not improbable that you will lose your $256 during the first five seconds, and it most likely that you will lose everything with thousands and thousands of bets.

Well, for fairness sake, if one must risk all one's bank roll - well, just let one do exactly that. Betting all one's bankroll and starting with 256$ one needs to win only twice to get over 1k. I didn't calculate the odds for both but I bet they are much better than achieving the same with martingales.

No, they are not. In fact, they are absolutely the same. Depending on the House Edge, on a provably fair site, your odds of doubling you bankroll are always the same regardless of what strategy you are using. Say, if the house edge is 1%, then the probability of that is 49.5%; if the house edge is 5% then it's 47.50% and so on. Consequently, the probability of quadrupling your bankroll is 24.75% in the former case, and 23.75% in the latter. You can do martingale for 20 minutes, or you can go all in at once with 25% win chance, it doesn't matter. The probability of increasing your bankroll fourfold (or xfold) is always the same on the same site.

[gabmen]

I guess that you cannot always win with your martingale strategy because of it still difficult to get this strategies works in a long time no matter you can master the strategies. maybe martingale is work in the short time only and for a long time, I think you need to make another strategy so you can still win in the game. I hope that you can control yourself and not spend too much money if you decide to play in all day long.

Martingale will work if :
1. We have an unlimited balance
2. The casino has no max profit rule, means we can bet with whatever amount we want.

And I guess, those two conditions will be impossible to achieve and that is why I considered martingale isn't the perfect strategy in gambling. It can work if we are lucky enough and know how to stop, otherwise it will fail.

It isn't the perfect strayegy yes, though it probably is the most efficient for dice given that you have a pretty big capital. And i don't think there's really any fool proof way to win in dice, whatever strategy you use unless you're extremely lucky.

[reactorjuno]

Just to the guys who think you cannot lose using martingale in the short term, just two weeks ago there was horse winning a race, traded at 1000/1 on Betfair before the race started > https://www.racingpost.com/news/in-running-carnage-as-125-1-shot-feel-glorious-stuns-goodwood/341070

Feel Glorious was matched for £249 at the maximum 1,000 on Betfair

Feel Glorious, who had been comfortably beaten in novice contests at Brighton and Kempton, was matched for £249 at the maximum 1,000 on Betfair, with the large majority traded before the race.

Runner-up Alhakmah, who was sent off at 4-1, ran an extraordinary race, also trading at 1,000 before crashing to a low of 1.03 when flying home.

Ridden in mid-division, Feel Glorious stayed on strongly to hit the front 100 yards out under Pat Cosgrave and stuck her neck out well to deny Alhakmah.


Betfair's Barry Orr said: "Glorious Goodwood is always a massive betting event and, as far as I'm aware, the £249 that was matched pre-race on Feel Glorious at Betfair’s ceiling price of 1,000 is a record for the Exchange."

[Oceat]

Many people here saying that martingale is not good but, one way or other we tried this strategy at least one. I have not good experience with the strategy. Anyway, in the long run no strategy is safe. Some might get lucky to make a fortune from it, some don't. Happy for this guy.

It does not work and even if it did it would NOT give you a fortune. You get one dollar back risking all your money each time, because if the strategy fails it means you ran out of money.

Have a look at this example:

• Say, you loose 1$, so you now stake 2$. You already lost 1$, and you have a chance to win 1$ profit.
• Next you loose those 2$, and you now stake 4$. You already lost 3$ total, and you have a chance to win 1$ profit.
• Next you loose those 4$, and you now stake 8$. You already lost 7$ total, and you have a chance to win 1$ profit.
• Next you loose those 8$, and you now stake 16$. You already lost 15$ total, and you have a chance to win 1$ profit.
• and so on

As you can see, even assuming the strategy doesn't break (=you run out of money = total bankruptsy) you risk all your money to win one dollar back. How can that make you a fortune

[Post was edited to remove ambiguity]

Well said. I totally agree with you. I didn't say martingale is a sure win. What i was trying to convey was, I am happy for this guy and he did made some profit using this strategy.
and about making a fortune from this strategy, If a highroller bets with big amount and he somehow managed to get winning bet after two or three loses for some time then, he would definitely make some fortune from it.. (Even it sounds unbelievable, it's probable right) .

For some games it won't work that way without any experience and luck, you'll need your experiences in some gambling games before you make a living with the martingale strategy. It will takes some years of gambling for some people to literally use gambling as a way of their living which makes them a good profit in the future.

[reactorjuno]

For some games it won't work that way without any experience and luck, you'll need your experiences in some gambling games before you make a living with the martingale strategy. It will takes some years of gambling for some people to literally use gambling as a way of their living which makes them a good profit in the future.

you'll need your experiences in some gambling games before you make a living with the martingale strategy.

That was a hilarious post.

[JesVarez]

Martingale will never work in the long term, neither in the short term I will think. There will always be that advantage to the house that will make them win sooner or later. Once you lose 5 time there is so much risk to just win a few bucks. Not fun either, I have way more fun playing BlackJack or Roulette. Try some different things because this method doesnt work, sooner or later you will hit a big losing streak.