How a $.30 martingale strategy can quickly get out of hand.

[simplydt]

 user: mary beth (227670) date: 2013-11-13 17:21:36 betid: 247839218 lucky: 91.0289 target: >50.4999 bet: 0.20480000 payout: 2x profit: +0.20480000
 user: mary beth (227670) date: 2013-11-13 17:21:30 betid: 247839134 lucky: 40.7850 target: >50.4999 bet: 0.10240000 payout: 2x profit: -0.10240000
 user: mary beth (227670) date: 2013-11-13 17:21:24 betid: 247839053 lucky: 24.3775 target: >50.4999 bet: 0.05120000 payout: 2x profit: -0.05120000
 user: mary beth (227670) date: 2013-11-13 17:21:22 betid: 247839006 lucky: 38.4816 target: >50.4999 bet: 0.02560000 payout: 2x profit: -0.02560000
 user: mary beth (227670) date: 2013-11-13 17:21:21 betid: 247838941 lucky: 18.2283 target: >50.4999 bet: 0.01280000 payout: 2x profit: -0.01280000
 user: mary beth (227670) date: 2013-11-13 17:21:20 betid: 247838903 lucky: 21.3087 target: >50.4999 bet: 0.00640000 payout: 2x profit: -0.00640000
 user: mary beth (227670) date: 2013-11-13 17:21:19 betid: 247838864 lucky: 08.0217 target: >50.4999 bet: 0.00320000 payout: 2x profit: -0.00320000
 user: mary beth (227670) date: 2013-11-13 17:21:18 betid: 247838813 lucky: 42.2545 target: >50.4999 bet: 0.00160000 payout: 2x profit: -0.00160000
 user: mary beth (227670) date: 2013-11-13 17:21:17 betid: 247838739 lucky: 34.0222 target: >50.4999 bet: 0.00080000 payout: 2x profit: -0.00080000
 user: mary beth (227670) date: 2013-11-13 17:21:16 betid: 247838702 lucky: 51.4909 target: >50.4999 bet: 0.00080000 payout: 2x profit: +0.00080000

Just for the reference of anyone who thinks they can win a lot of money with this. Probably not Ouch! Got lucky on that last roll. Betting  $60 to win $.30...

[FanEagle]

2x is the most risky you can choose. I mean, that's a little more than a cointoss... if you really need a cointoss go for 1.95x

[Sindelar1938]

Ouch!

A much needed cautionary tale

God is on your side, amigo

[Remember remember the 5th of November]

user: mary beth (227670) date: 2013-11-13 17:21:36 betid: 247839218 lucky: 91.0289 target: >50.4999 bet: 0.20480000 payout: 2x profit: +0.20480000
 user: mary beth (227670) date: 2013-11-13 17:21:30 betid: 247839134 lucky: 40.7850 target: >50.4999 bet: 0.10240000 payout: 2x profit: -0.10240000
 user: mary beth (227670) date: 2013-11-13 17:21:24 betid: 247839053 lucky: 24.3775 target: >50.4999 bet: 0.05120000 payout: 2x profit: -0.05120000
 user: mary beth (227670) date: 2013-11-13 17:21:22 betid: 247839006 lucky: 38.4816 target: >50.4999 bet: 0.02560000 payout: 2x profit: -0.02560000
 user: mary beth (227670) date: 2013-11-13 17:21:21 betid: 247838941 lucky: 18.2283 target: >50.4999 bet: 0.01280000 payout: 2x profit: -0.01280000
 user: mary beth (227670) date: 2013-11-13 17:21:20 betid: 247838903 lucky: 21.3087 target: >50.4999 bet: 0.00640000 payout: 2x profit: -0.00640000
 user: mary beth (227670) date: 2013-11-13 17:21:19 betid: 247838864 lucky: 08.0217 target: >50.4999 bet: 0.00320000 payout: 2x profit: -0.00320000
 user: mary beth (227670) date: 2013-11-13 17:21:18 betid: 247838813 lucky: 42.2545 target: >50.4999 bet: 0.00160000 payout: 2x profit: -0.00160000
 user: mary beth (227670) date: 2013-11-13 17:21:17 betid: 247838739 lucky: 34.0222 target: >50.4999 bet: 0.00080000 payout: 2x profit: -0.00080000
 user: mary beth (227670) date: 2013-11-13 17:21:16 betid: 247838702 lucky: 51.4909 target: >50.4999 bet: 0.00080000 payout: 2x profit: +0.00080000

Just for the reference of anyone who thinks they can win a lot of money with this. Probably not Ouch! Got lucky on that last roll. Betting  $60 to win $.30...

That's nothing. Lost 2.15 btc martingaling once.

[exstasie]

Yeah, martingale works in theory, but after a lot of plays you are bound to hit 11-12 incorrect in a row.

[Zeek_W]

I like to call it 'Margin Tail'

Like a dog chasing his tail to get a profit margin.

[Remember remember the 5th of November]

I like to call it 'Margin Tail'

Like a dog chasing his tail to get a profit margin.

Most people call it Margin Fail though, as it's bound to fail.

[MaxBTC1]

You only ever win your initial bet..its only works if you have unlimited funds

pro-tip: no one does, so don't try it

[gadman2]

Use the labouchere system... Set a limit on loss and ride it.

[exstasie]

A better method would be just give me 1/2 of your bet. Win win for everyone!

[monbux]

user: mary beth (227670) date: 2013-11-13 17:21:36 betid: 247839218 lucky: 91.0289 target: >50.4999 bet: 0.20480000 payout: 2x profit: +0.20480000
 user: mary beth (227670) date: 2013-11-13 17:21:30 betid: 247839134 lucky: 40.7850 target: >50.4999 bet: 0.10240000 payout: 2x profit: -0.10240000
 user: mary beth (227670) date: 2013-11-13 17:21:24 betid: 247839053 lucky: 24.3775 target: >50.4999 bet: 0.05120000 payout: 2x profit: -0.05120000
 user: mary beth (227670) date: 2013-11-13 17:21:22 betid: 247839006 lucky: 38.4816 target: >50.4999 bet: 0.02560000 payout: 2x profit: -0.02560000
 user: mary beth (227670) date: 2013-11-13 17:21:21 betid: 247838941 lucky: 18.2283 target: >50.4999 bet: 0.01280000 payout: 2x profit: -0.01280000
 user: mary beth (227670) date: 2013-11-13 17:21:20 betid: 247838903 lucky: 21.3087 target: >50.4999 bet: 0.00640000 payout: 2x profit: -0.00640000
 user: mary beth (227670) date: 2013-11-13 17:21:19 betid: 247838864 lucky: 08.0217 target: >50.4999 bet: 0.00320000 payout: 2x profit: -0.00320000
 user: mary beth (227670) date: 2013-11-13 17:21:18 betid: 247838813 lucky: 42.2545 target: >50.4999 bet: 0.00160000 payout: 2x profit: -0.00160000
 user: mary beth (227670) date: 2013-11-13 17:21:17 betid: 247838739 lucky: 34.0222 target: >50.4999 bet: 0.00080000 payout: 2x profit: -0.00080000
 user: mary beth (227670) date: 2013-11-13 17:21:16 betid: 247838702 lucky: 51.4909 target: >50.4999 bet: 0.00080000 payout: 2x profit: +0.00080000

Just for the reference of anyone who thinks they can win a lot of money with this. Probably not Ouch! Got lucky on that last roll. Betting  $60 to win $.30...

That's nothing. Lost 2.15 btc martingaling once.

I feel yah bro.  Lost whole bankroll of 5 BTC with martingale.
But, they were only $60/BTC  then... ;/