Bitcoin Forum
October 20, 2017, 03:22:41 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 [6] 7 8 »  All
  Print  
Author Topic: Gamblers: Please Martingale Carefully!  (Read 7087 times)
rollingMyCar
Member
**
Offline Offline

Activity: 112


View Profile
November 24, 2014, 07:50:32 PM
 #101

Why do people martingale anyways then? i dont get it..

theres a lot of people who use it and say it works..

do your choise..
but if, remeber IF, you will fail...
let me tell you "I told you so"

 Grin Grin Grin Grin Grin Grin
1508469761
Hero Member
*
Offline Offline

Posts: 1508469761

View Profile Personal Message (Offline)

Ignore
1508469761
Reply with quote  #2

1508469761
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508469761
Hero Member
*
Offline Offline

Posts: 1508469761

View Profile Personal Message (Offline)

Ignore
1508469761
Reply with quote  #2

1508469761
Report to moderator
Brewins
Legendary
*
Offline Offline

Activity: 1092



View Profile
November 24, 2014, 08:45:46 PM
 #102

Martingale: the best way to lose many in the hope to win few, very few
Phildo
Legendary
*
Offline Offline

Activity: 1302



View Profile
November 24, 2014, 11:18:24 PM
 #103

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

Maybe, you should only martingale if you have the bankroll. I have seen players who martingales with base bet of few sats, and were betting 5 btc as their last bet. If you keep around 25 losses in mind, you should be fine with martingaling(for a short term)

Martingle is a great system if you have unlimited money. Please see why does the casino has the max bet limit?

But my best strategy ever is never stop playing when you are on winning streak and stop playing when is on losing streak.

I made a little money with it.

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Omikifuse
Legendary
*
Offline Offline

Activity: 1190


View Profile
November 25, 2014, 12:38:06 AM
 #104

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

Maybe, you should only martingale if you have the bankroll. I have seen players who martingales with base bet of few sats, and were betting 5 btc as their last bet. If you keep around 25 losses in mind, you should be fine with martingaling(for a short term)

Martingle is a great system if you have unlimited money. Please see why does the casino has the max bet limit?

But my best strategy ever is never stop playing when you are on winning streak and stop playing when is on losing streak.

I made a little money with it.

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Then no one can martingale in real life, because you can't double your bet forever.

         ▄█▄  ▄▄▄▄
          ▀ ▄██████▄
    ▄▄▄   ▄███▀▀███
  ▄█████▄ ▀█▀ ███▄ ▀▀
 ███▀  ▀██▄    ████▄   
 █▀ ▄██▄ ▀█▀ ▄██▀ ▀█▀ ▄██
  ▄██▀     ▄██▀     ▄██▀
 ██▀ ▄█▄ ▄██▀ ▄█▄  ██▀ ▄▄
      ▀███▀    ▀██▄  ▄██▀
     ▄▄ ▀██▄ ▄█▄ ▀█████▀
     ███▄▄██▀   ▀▀
      ▀██████▀
        ▀▀▀▀   ██▀

  █
  █
  █
████
  █
████
  █
████
  █
  █
  █


▄███▄    ▄███▄
███  ██▄ █▀▀▄
████████  ███▀
██▀ ▄███       
████████▄▄  ▄█▀
 ██████▀▀██▀▀
  ▀███▀▄▄   ▄
   ▀██▄██ ▄█▀
     ▀▀██▀▀
FULLY
ANONYMOUS

━━━━━
/

    ██▄▄              ▄▄██
   █▀  ▀█▄ ▄▄▄▄████▄██▀  ▀█
  █▀   ▄███▀▀▀       █▄   ▀█
 █▀   ▄███▄ ▄▄█▄▄     █▄   ▀█
██▄  ▄████████████▄▄  █▄  ▄██
  ▀▀██▀███████████████▄███▀▀
      ▀█▄█▀███████████▀▀
        ▀███▀███████▀
           ▀▀▀▀██▀▀
INSTANT
TRANSFER

━━━━
/

     ▄████▄
 ▄▄▄████████▄▄▄
▄██████████████▄
▀██▀ ▀█  ▀█ ███▀
 ██ ▀ █ ▀▄█ ███
▄██▄█▄█▄███▄███▄
▀██████████████▀
 ▀▀▀████████▀▀▀
     ▀████▀
API FOR YOUR
PROJECTS

━━━━

  █
  █
  █
████
  █
████
  █
████
  █
  █
  █
PARTNER PROGRAM
TOR MIRROR
MIX WALLET
.FAQ
ANN THREAD
TELEGRAM
mezmerizer9
Hero Member
*****
Offline Offline

Activity: 787


View Profile
November 25, 2014, 12:44:49 AM
 #105

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

Maybe, you should only martingale if you have the bankroll. I have seen players who martingales with base bet of few sats, and were betting 5 btc as their last bet. If you keep around 25 losses in mind, you should be fine with martingaling(for a short term)

Martingle is a great system if you have unlimited money. Please see why does the casino has the max bet limit?

But my best strategy ever is never stop playing when you are on winning streak and stop playing when is on losing streak.

I made a little money with it.

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Then no one can martingale in real life, because you can't double your bet forever.

use martingale system carefully and smart. Don't just start the auto-bet bot and go to facebook. You will surely LOSE. Play until you profit on  a larger scale, and as soon as you get to the big bet and win, stop. Otherwise, you will lose all.


███████████████████████████████████████
███████████████████████████████████████
█████████████████████████████
██████████████████████████
████████████████████████
███████████████████████
█████████████████?7?3████
███████████████████████
████████████████████████
██████████████████████████
█████████████████████████████
███████████████████████████████████████
███████████████████████████████████████
DECENT
FOUNDATION



██
██
██
██
██
██
██
██
██

██
██
██


[D]ecentralized application
[E]liminated third parties
[C]ontent distribution       



██
██
██
██
██
██
██
██
██

██
██
██


[E]ncrypted & secure
[N]o borders
[T]imeless reputation 



██
██
██
██
██
██
██
██
██

██
██
██



██
██
██
██
██
██
██
██
██

██
██
██

JackRipper
Full Member
***
Offline Offline

Activity: 210



View Profile
November 25, 2014, 01:26:12 AM
 #106


If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Playing a Martingale system is a guaranteed way to lose money in the long-term unless you have unlimited funds and there are no table limits. That's the ONLY that the Martingale will work.

Magicman420
Sr. Member
****
Offline Offline

Activity: 309


View Profile
November 25, 2014, 05:48:58 AM
 #107

Say what ?? I'm lost?
sherbyspark
Hero Member
*****
Offline Offline

Activity: 910


View Profile
November 25, 2014, 06:05:47 AM
 #108


If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Playing a Martingale system is a guaranteed way to lose money in the long-term unless you have unlimited funds and there are no table limits. That's the ONLY that the Martingale will work.

Casino's and gambling sites have table limits, which limit people from continuing their bets even if they have 1000's of BTCs, and this is another edge a lot of casinos have.
Marcoser123321
Full Member
***
Offline Offline

Activity: 126


View Profile
November 25, 2014, 07:45:27 AM
 #109

Sweet been looking for a good one. Going to test it.

mindrust
Hero Member
*****
Offline Offline

Activity: 854


Vegeta, What does the scouter say!?


View Profile
November 25, 2014, 08:15:03 AM
 #110

I got 6 time of reds on a %80 chance win game of PrimeDice,

and on a %49.5 chance game of Freebitco.in i got 25-28 turns of fails.

Martingale is a blackhole.

The best way to gamble is, win as quickly as possible and then run away while you are ahead.

The more you play, the more you lose.

Champ92
Member
**
Offline Offline

Activity: 112

☯YIN YANG KING☯


View Profile
November 25, 2014, 08:23:40 AM
 #111


If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Playing a Martingale system is a guaranteed way to lose money in the long-term unless you have unlimited funds and there are no table limits. That's the ONLY that the Martingale will work.

Could you martingale in PD?

jaberwock
Legendary
*
Offline Offline

Activity: 1232


View Profile
November 25, 2014, 08:29:03 AM
 #112


If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Playing a Martingale system is a guaranteed way to lose money in the long-term unless you have unlimited funds and there are no table limits. That's the ONLY that the Martingale will work.

Could you martingale in PD?

Of course. There is autobet and the maximum payout is 20 BTC

Daanie
Full Member
***
Offline Offline

Activity: 154


View Profile
November 25, 2014, 12:03:17 PM
 #113

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

Maybe, you should only martingale if you have the bankroll. I have seen players who martingales with base bet of few sats, and were betting 5 btc as their last bet. If you keep around 25 losses in mind, you should be fine with martingaling(for a short term)

Martingle is a great system if you have unlimited money. Please see why does the casino has the max bet limit?

But my best strategy ever is never stop playing when you are on winning streak and stop playing when is on losing streak.

I made a little money with it.

If you stop on a losing streak you are not doing martingale.

Also, if you have unlimited money you don't need to go to the casino.

Then no one can martingale in real life, because you can't double your bet forever.

use martingale system carefully and smart. Don't just start the auto-bet bot and go to facebook. You will surely LOSE. Play until you profit on  a larger scale, and as soon as you get to the big bet and win, stop. Otherwise, you will lose all.


There is no smart way to use martingale. The best way is to not gamble at all.

LOBSTER
Hero Member
*****
Offline Offline

Activity: 560


View Profile
November 25, 2014, 12:22:11 PM
 #114

Nice and true article. I can describe my experience EXACTLY like this!
Seketsuna
Sr. Member
****
Offline Offline

Activity: 266


View Profile
November 25, 2014, 12:28:06 PM
 #115

 i have martingaled before starting with a BR of .04btc and was able to turn it into 1.2btc but the sad thing is my stupidity got the better of me :/
VulgusMan
Full Member
***
Offline Offline

Activity: 126


View Profile
November 25, 2014, 07:45:14 PM
 #116

Just like any -EV gamble, you can profit with this strategy if you can stop after making a profit.

There isn't any guarantee that you will make any profit whatsoever, to stop afterwards.

Your lack of understanding on how probabilities works gives you the illusion that no matter what, you will win at some point soon and then you can stop.

Guess what. Wrong.


Can you highlight the part where I said there were guarantee of profits ? The quote you included is not it, so there must be something somewhere else.

Can you also point out where I got this illusion you mention ?

I think there would have been no problem if in the OP you had talked about that the strategy referred to the martingale

that's all

 Wink Wink Wink Wink Wink Wink

sidhujag
Legendary
*
Offline Offline

Activity: 1610


View Profile
November 26, 2014, 04:59:06 AM
 #117

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.
I wouldnt doubt that the system just jacked u... Hard to do that in 50/50 its like getting hit by lightning.

U cant even dispute it since they will throw the math book at u.. I wouldnt doubt if these sites detect martingalers and screw the ones over who bet alot of money... I bet u did lose alot and i bet the site got u amd not math.. Although it doesmt always have to be that way just another reason not to use it


truth is anyone who comes with a consistently winning strategy will be flagged by the site operators just as i real life in Vegas if you are some kind of epic card counter .. psychic or something they will chuck you out of the casino so fast lmao Wink

There is a market for trustless gambling games

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
SueGiant
Member
**
Offline Offline

Activity: 116


View Profile
November 26, 2014, 05:02:48 AM
 #118

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.
I wouldnt doubt that the system just jacked u... Hard to do that in 50/50 its like getting hit by lightning.

U cant even dispute it since they will throw the math book at u.. I wouldnt doubt if these sites detect martingalers and screw the ones over who bet alot of money... I bet u did lose alot and i bet the site got u amd not math.. Although it doesmt always have to be that way just another reason not to use it


truth is anyone who comes with a consistently winning strategy will be flagged by the site operators just as i real life in Vegas if you are some kind of epic card counter .. psychic or something they will chuck you out of the casino so fast lmao Wink

There is a market for trustless gambling games

And theres a lot of them.

And would you believe if some trusted personalities here are behind those scammy games.
caga
Full Member
***
Offline Offline

Activity: 238

www.secondstrade.com - 190% return Binary option


View Profile
November 26, 2014, 05:41:21 AM
 #119

i have martingaled before starting with a BR of .04btc and was able to turn it into 1.2btc but the sad thing is my stupidity got the better of me :/

Its actually hard to martingale from 0.04 to 1.2 BTC considering the minimum bet of 1 satoshi. You would be doing well over a million bets I believe to get there, as you will be winning a low base bet each time and 1 bad streak could wipe off everything. You might have been lucky.

LOBSTER
Hero Member
*****
Offline Offline

Activity: 560


View Profile
November 26, 2014, 05:43:17 AM
 #120

i have martingaled before starting with a BR of .04btc and was able to turn it into 1.2btc but the sad thing is my stupidity got the better of me :/

Its actually hard to martingale from 0.04 to 1.2 BTC considering the minimum bet of 1 satoshi. You would be doing well over a million bets I believe to get there, as you will be winning a low base bet each time and 1 bad streak could wipe off everything. You might have been lucky.

It's the same chance to place a 3x bet
Pages: « 1 2 3 4 5 [6] 7 8 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!