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Author Topic: Gamblers: Please Martingale Carefully!  (Read 7088 times)
james.lent
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November 21, 2014, 05:15:11 AM
 #61

Martingale can work if you have the discipline to stop while you are ahead. The odd psychology of gambling makes that difficult. I remember at just dice watching people go up 30-40 bitcoins at times only to bust and lose their gains plus their original stake. 

Yeah, I remember a guy on JD that would martingale with 0.25 start and would martingale until he made 30 BTC profit. He made 30 BTC everyday for a few weeks and only got to 64 BTC bet once.

wow that is pretty awesome Smiley

as i said martingale can work

but you need a much bigger balance !!!

it works until it doesn't .. better to mix it with some labouchere/ reverse labouchere and some random bets. In the end of the day it all depends on luck.
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ComboChris
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November 21, 2014, 08:07:48 AM
 #62

I feel like as long as you have an amount of money deposited that you don't mind losing, martingale is an okay tactic.
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November 21, 2014, 08:43:43 AM
 #63

I feel like as long as you have an amount of money deposited that you don't mind losing, martingale is an okay tactic.

its better just to have a very big bankroll to sustain those big streaks by martingale. And you should start with a less base bet.

james.lent
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November 21, 2014, 12:58:29 PM
 #64

I feel like as long as you have an amount of money deposited that you don't mind losing, martingale is an okay tactic.

its better just to have a very big bankroll to sustain those big streaks by martingale. And you should start with a less base bet.

every site has a bet cap, so no, that wont work . martingale aka martinfail  Shocked
Bitzkrieg
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November 21, 2014, 01:02:23 PM
 #65

Anyone can explain what Martingale is?

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crazy-pilot
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November 21, 2014, 04:47:55 PM
 #66

Anyone can explain what Martingale is?
You will generally bet on something that has roughly 50/50 odds of you winning your bet and a payout of roughly 2:1 (the house edge will need to make either the payout less then 2:1 or the odds worse then 50%).

You start with a small bet. If you win then you bet the original amount. If you lose then you double your bet. If you lose a 2nd time after you lost the 1st bet then you double your bet again, if you win then you reset your next bet to your original bet amount. You repeat this process until you are done betting.

The problem is that you will quickly reach the house max bet and/or your bankroll will not be able to support a larger bet in the event of even a modest loosing spree.

Ron~Popeil
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November 21, 2014, 05:18:08 PM
 #67

I feel like as long as you have an amount of money deposited that you don't mind losing, martingale is an okay tactic.

its better just to have a very big bankroll to sustain those big streaks by martingale. And you should start with a less base bet.

every site has a bet cap, so no, that wont work . martingale aka martinfail  Shocked

Martinfail is exactly right. If you have the discipline to stop if you are lucky enough to get ahead it can work but there is a very odd psychology to gambling that makes it tough. 

El Emperador
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November 21, 2014, 05:46:39 PM
 #68

Martingale system isn't only extremely risky, but it isn't worth the money because you can win always the first bet amount using this system.

For example:
you bet 2 satoshis to win 4 sat.

1st round:
if you win you get 2 net satoshis.
If you lose and then use the Martingale, even if you play 100 times, if you win at the 101st you win 2 satoshis anyway.

james.lent
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November 22, 2014, 03:49:03 AM
 #69

I feel like as long as you have an amount of money deposited that you don't mind losing, martingale is an okay tactic.

its better just to have a very big bankroll to sustain those big streaks by martingale. And you should start with a less base bet.

every site has a bet cap, so no, that wont work . martingale aka martinfail  Shocked

Martinfail is exactly right. If you have the discipline to stop if you are lucky enough to get ahead it can work but there is a very odd psychology to gambling that makes it tough. 

Gambler's falacy Cheesy
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November 22, 2014, 04:04:41 AM
 #70

most sites' nowadaze have martingale detection trip-switch  ~ good luck beating the scammers! lol :-D

come to www.bitcointalk.org >> Join the revolution
panju1
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November 22, 2014, 04:44:28 AM
 #71

We wrote an article on martingale, please gamble carefully.

https://ice-dice.com/en/martingale_betting_system

Extremely good article.  Smiley

yenzae0215
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November 22, 2014, 05:34:42 AM
 #72

nice article... experienced some bad luck from martingale too got some 15 losing streaks that drained my money  Undecided

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sandykho47
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November 22, 2014, 06:42:46 AM
 #73

I think Martingale Trick is the best & the worst trick to gambling  Grin
That's right most amateur people only use martingale trick / gamble all at once

But, i think Martingale is works fine if you only use faucet  Grin

Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
Salmon1989
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November 22, 2014, 11:13:32 AM
 #74

most sites' nowadaze have martingale detection trip-switch  ~ good luck beating the scammers! lol :-D

With a right provably fair implementation, sites won't be able to analyze your playing style and get advantage on it. Also, they don't need to. Smiley

rollingMyCar
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November 22, 2014, 11:51:42 AM
 #75

I do not like the martingale.
The money to be put into the game increases exponentially with the launch losers, and we quickly convince that to ensure victory, we should have an infinite capital you can bet, and the dealer also should be willing to accept any items size.
but unfortunately it is not!!!

so .. stay away from martingale strategy!!!!

 Wink Wink Wink Wink Wink
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November 22, 2014, 07:37:36 PM
 #76

most sites' nowadaze have martingale detection trip-switch  ~ good luck beating the scammers! lol :-D

With a right provably fair implementation, sites won't be able to analyze your playing style and get advantage on it. Also, they don't need to. Smiley


sure yeah right : imo any "fair" site will get botted to hell! :-D

come to www.bitcointalk.org >> Join the revolution
Quinn
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November 22, 2014, 09:22:29 PM
 #77

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

theres a lot of people who use it and say it works..
Phildo
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November 22, 2014, 09:43:02 PM
 #78

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

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

Because it works great, until it doesn't. And when it doesn't it does way more damage than you made over the time while it was "working"

pureelite
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November 22, 2014, 09:45:24 PM
 #79

Anyone can explain what Martingale is?

martingale is when you increase your bet on loss

martingale = martinfale Wink
crazy-pilot
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November 22, 2014, 10:02:45 PM
 #80

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

theres a lot of people who use it and say it works..
If there is a large difference between your starting bet and the lesser of your bankroll and the house max bet amount then you will generally be able to make a small amount of money as the chances of having a bad luck spree early on is very low. At the very least you will want to have at least 100x in a bankroll as your starting bet and you potentially can make a small amount of money realistically if you know when to stop.

The problem is that many people get greedy and end up loosing their entire bankroll. At a point martingale somewhat becomes an all or nothing type bet

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