Why martingale is PURE SHIT.

[StarofBTC]

Most these strategies don’t work. This is just another such example where logic is impeded by greed.

Logic impeded by greed indeed. Everything about trying to find a strategy all balls down to people or gamblers consoling themselves on a solution that can work and a reason to gamble further.

Logically and in reality, gambling is meant to make the gambler lose money, otherwise it would never be a profitable venture for the casino or gambling platform owners and I believe that is one thing a lot of greedy gamblers do not get to think about before they go ahead gambling.

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[geopolisch]

On prediction games, Martingale is not the only failed strategy. Every other strategy would turn into pure shit if we use it for long term. When we use martingale, it works for some time and we keep on playing then, busting all our balance at the end. It is us who make martingale a 'pure shit'. We understand the outcomes of using same strategy for long and we keep on doing it.

Exactly! This is gambling and it is not like some business venture or some service you want to render and would require you to make use of some skills or strategies to get the best of it. This is centered on pure basic luck and if anyone gets too cozy making use of strategy, whether martingale, labouchere, taking craps odds or whatsoever strategy you think you have, you will still end up losing at the end of it all.

Like you said, a lot of people still understand this but they just keep hoping that one day it would work for them. That is like repeating the same thing and expecting different results.

[Don Pedro Dinero]

Gamblers want (and need!) to have the illusion they can influence the outcome of the game. And it's part of the fun (or addiction) of playing.

Mathematically, the best thing to do is lower the house edge. That means don't wager the same money more than once. Martingale leads to a large house edge, meaning on average you win more.
The best way to get the lowest possible house edge is to place only one YOLO bet (all-in) at any multiplier you desire. After that, win or lose, don't ever come back!
But that's math, not fun, and most gamblers don't play for the best chances based on math.

The funny thing about Martingale is that new gamblers all think they've invented it I've been there too: "wait a minute, if I just double this, I can win back everything and turn a profit!"

I totally agree, and I’ve said that some times on this board, although using other terms. And I’ve sometimes done it: I’m not too keen on casino games as I play poker where I have edge vs other players and I know I don’t have edge vs the casino but at certain times I’ve made one or two low-odds high-reward bets just to try my luck. Other “strategies” apart from that one will lose money long term.

If you play for fun or entertainment and you get some money from time to time (although losing long-term) it is different matter entirely.

[Janation]

Pure shit for people who don't have that much funds to use martingale efficiently. If you have a lot of money, then it cam be pretty profitable. Though i agree that it isn't for an extemded time.

Even if people say that there are a lot of funds in your account, you can't ensure a win using martingale since you will be just going home quickly when using this strategy, though I also agree that it is a great strategy for people who really wants to earn money but you will never know the lose streak of your gambling activity so don't follow your emotions or feelings since it might be the reason of your loss.

If you are really in a losing streak, always think about stopping or going back to your starting bet since the more you losing streak, the more you are losing. That is how dangerous this gambling strategy is.

[squatz1]

In theory martingale is probably the best method out there as of right now, because the only two variables that should stop it from working is the fact that you'd either run out of money or the bankroll of the gambling site is going to run out of money (or there will be a max bet of some sort)

Though I don't think people should think it's foolproof because it's far from it...

Gambling is a game of chance, and the odds are stacked against you.

[crwth]

For those who are addicted to gambling, it surely is a need to understand the martingale strategy. A need to satisfy their game cravings (idea to win). But for those rest, it’s not actually a “need”. It’s more like, “why” use it. Gambling addicts tend to use, and they need to gamble. They cannot avoid it, and it's one of the most popular strategies. Some gamble for fun, or out of curiosity and sometimes even because they want to widen their ideas with the approach of it or even connections to a network of people.

[imsotiredofmoviereboots]

It's very risky when  you are on many levels of your bet but I can say that if you are betting using the martingale strategy with less than $100 then I could say it will work and not just a stupid strategy. It's fun on that level but your heart slows its beat when you have now multiplied your bets into $1k.

[Indrawan77]

For the one that still beginners they thought that they are impossible to lose because they never see a 20 times lose streak, but they don't know that if you played a lot of times there will be a chance that it happened, and I agree martingale is not worth it at all, you spend a big amount just to win a little money, and for long term we will never win because the casino got house edge advantage, and the casino also got bigger capital

[TheUltraElite]

It's very risky when  you are on many levels of your bet but I can say that if you are betting using the martingale strategy with less than $100 then I could say it will work and not just a stupid strategy. It's fun on that level but your heart slows its beat when you have now multiplied your bets into $1k.

You seriously need to try it out yourself and see what happens. In gambling what will be the number of red streaks does not depend on your strategy. When gambling based on martingale method, you can face an endless red streak of more than 32reds and this will wipe out a lot or maybe your entire balance. Does that mean its going to be the method of ultimate profit? In fact there is no such method which can give profits on every roll. Its just luck.

Anything is possible in gambling and so no strategy is going to be fool-proof or full-proof. If you manage to get lucky you may win but you may also lose if you are unlucky.

[btctalk4life]

It's very risky when  you are on many levels of your bet but I can say that if you are betting using the martingale strategy with less than $100 then I could say it will work and not just a stupid strategy. It's fun on that level but your heart slows its beat when you have now multiplied your bets into $1k.

You seriously need to try it out yourself and see what happens. In gambling what will be the number of red streaks does not depend on your strategy. When gambling based on martingale method, you can face an endless red streak of more than 32reds and this will wipe out a lot or maybe your entire balance. Does that mean its going to be the method of ultimate profit? In fact there is no such method which can give profits on every roll. Its just luck.

Anything is possible in gambling and so no strategy is going to be fool-proof or full-proof. If you manage to get lucky you may win but you may also lose if you are unlucky.

That's why you never use martingale strategy for long run, once you use it for long run, you will get that 32reds endless streak. So, before that happen, stop when you think its enough.

[nl247]

It's very risky when  you are on many levels of your bet but I can say that if you are betting using the martingale strategy with less than $100 then I could say it will work and not just a stupid strategy. It's fun on that level but your heart slows its beat when you have now multiplied your bets into $1k.

You seriously need to try it out yourself and see what happens. In gambling what will be the number of red streaks does not depend on your strategy. When gambling based on martingale method, you can face an endless red streak of more than 32reds and this will wipe out a lot or maybe your entire balance. Does that mean its going to be the method of ultimate profit? In fact there is no such method which can give profits on every roll. Its just luck.

Anything is possible in gambling and so no strategy is going to be fool-proof or full-proof. If you manage to get lucky you may win but you may also lose if you are unlucky.

That's why you never use martingale strategy for long run, once you use it for long run, you will get that 32reds endless streak. So, before that happen, stop when you think its enough.

You should not even start being comfortable with it in the first place. Martingale is just a strategy to prolong the game a bit but not for winning. Even in the short run whether you like it or not, it is still going to end up hitting you hard.

Even on a betting start amount of 1 sats, depending on your bankroll which I believe no sane individual will be gambling with what they can't afford to lose, just 13 to 15 streaks of losses is enough to wipe your account over just a satoshi. That is ridiculous!

[milewilda]

It's very risky when  you are on many levels of your bet but I can say that if you are betting using the martingale strategy with less than $100 then I could say it will work and not just a stupid strategy. It's fun on that level but your heart slows its beat when you have now multiplied your bets into $1k.

You seriously need to try it out yourself and see what happens. In gambling what will be the number of red streaks does not depend on your strategy. When gambling based on martingale method, you can face an endless red streak of more than 32reds and this will wipe out a lot or maybe your entire balance. Does that mean its going to be the method of ultimate profit? In fact there is no such method which can give profits on every roll. Its just luck.

Anything is possible in gambling and so no strategy is going to be fool-proof or full-proof. If you manage to get lucky you may win but you may also lose if you are unlucky.

That's why you never use martingale strategy for long run, once you use it for long run, you will get that 32reds endless streak. So, before that happen, stop when you think its enough.

You should not even start being comfortable with it in the first place. Martingale is just a strategy to prolong the game a bit but not for winning. Even in the short run whether you like it or not, it is still going to end up hitting you hard.

Even on a betting start amount of 1 sats, depending on your bankroll which I believe no sane individual will be gambling with what they can't afford to lose, just 13 to 15 streaks of losses is enough to wipe your account over just a satoshi. That is ridiculous!

When you do focused on 2x payout then holding up long losing streaks will be possible depending on how much money you do have but mostly i have seen 25+ streaks and your money is gone even putting up 1 sats on your bet. Martingale strategy is classic and been used still upto nowadays but for newbie or new gamblers they do have different mindset and appreciation with this common strategy.They do saw some people who make big profits but they dont know that theres always a very big risk behind it before they do attain those amounts.

[Theb]

Even if you have a lot of money to start with, there is no guarantee that one of your bets will win first before you run out of money. The problem here is a lot of people who tried this technique where they put a lot of money in their bets turns out losing them all as they got into a losing slump. And of course these persons complaining will start blaming the gambling casino for their misfortune but the real ones to blame are themselves as they are using an unproven strategy for their bets.

[Barcode_]

That is one of the reason I always avoid interacting with people who claims they are able to beat the casino with their martingale strategy in the chat room. In my opinion, the people who claims to have a winning strategy in gambling is obviously fake as they would be a millionaire themselves using that strategy, all the games in the casino would always have a house edge against the players, and this house edge advantage on the casino side would gives the casino a higher chance to beat the gamblers in the long run.

[kurian]

I have found a well explained post from an another topic which would obviously make you understand why Martingale won't work for long. It is not worth to risk a large amount of money for a small profit. No matter how much bankroll you have, this strategy could wipe out the entire balance as simple as that.

To prove how much you're going to be risking just to earn a small amount of money in martingaling, let's do the whole math to this:

(since the basebet = 1 satoshi, I didn't include it in the formula. The formula should have been, 1 satoshi x 2^0, 1 satoshi x 2^1, 1 satoshi x 2^2, and so on.)

Bet Number	Formula	Amount (satoshi)
Bet 1	2^0	1
Bet 2	2^1	2
Bet 3	2^2	4
Bet 4	2^3	8
Bet 5	2^4	16
Bet 6	2^5	32
Bet 7	2^6	64
Bet 8	2^7	128
Bet 9	2^8	256
Bet 10	2^9	512
Bet 11	2^10	1024
Bet 12	2^11	2048
Bet 13	2^12	4096
Bet 14	2^13	8192
Bet 15	2^14	16384
Bet 16	2^15	32768
Bet 17	2^16	65536
Bet 18	2^17	131072
Bet 19	2^18	262144
Bet 20	2^19	524288
Bet 21	2^20	1048576
Bet 22	2^21	2097152
Bet 23	2^22	4194304
Bet 24	2^23	8388608
Bet 25	2^24	16777216
Bet 26	2^25	33554432
Bet 27	2^26	67108864
Bet 28	2^27	134217728
Bet 29	2^28	268435456
Bet 30	2^29	536870912
Bet 31	2^30	1073741824
Bet 32	2^31	2147483648
Bet 33	2^32	4294967296
Bet 34	2^33	8589934592
Bet 35	2^34	17179869184
Bet 36	2^35	34359738368
Bet 37	2^36	68719476736

The total is exactly 137,438,953,471 satoshis (~1,374.39BTC) to recover from 36 loss streak. As I'm typing this, the value of that is $9,438,000. It seems like you can do a lot more with that amount of money and someone who's in possession of that amount of money can surely afford a private mentor or tutor which can teach him where to use the money either invest in business or simply becoming a better spender so he doesn't lose that amount of money over purchases that aren't so practical.

As you can see, we came up with these huge numbers because the growth in your bet in martingale method is exponential. At first, it doesn't seem much. But as the losing streak is increasing, your bet just to earn back your losses and that additional 1 satoshi "profit" is becoming more and more ridiculous. Gambling sites are known to have tremendous number for losing streaks in x2 multiplier and it's the reason why martingale never really worked in the long run.

To put an end to your desire of using the technique martingale, think about this. 50k sats per day is 0.0005BTC per day which is $3.43. Is $9,438,000 worth risking for $3.43 a day? And since the people who wants to gamble with a "mathematical formula" likes to treat gambling as a business, you're obviously a bad business man.

[Symphonized]

You can also use martingale just for bumping small bet loses like 1k, you would martingale from 500 -> 1000 -> 2000 and so on it would be simple.
But this is one smaller case.

[TheUltraElite]

That's why you never use martingale strategy for long run, once you use it for long run, you will get that 32reds endless streak. So, before that happen, stop when you think its enough.

Thats why you should never use any strategy to gamble. If you are looking at the long term effect then the house will always wins. In short if you mathematically simulate the proabability of the losses then you will find out that the loss is always going to happen. If you get lucky using a strategy then better withdraw it and stop playing because the red streak is going to come soon.

For addicted gambler though when they see a green streak they just want to bet more and more and keep on multiplying their wins. Sadly it always ends up the wrong way

[emberbekas]

That is one of the reason I always avoid interacting with people who claims they are able to beat the casino with their martingale strategy in the chat room. In my opinion, the people who claims to have a winning strategy in gambling is obviously fake as they would be a millionaire themselves using that strategy, all the games in the casino would always have a house edge against the players, and this house edge advantage on the casino side would gives the casino a higher chance to beat the gamblers in the long run.

Gambling business already exists and is able to survive for a long time, which means, no strategy has been able to defeat it. Of course, if there is people who claim he has a strategy that can beat the house, surely the person is lying. We as active gamblers have many limitations that certainly won't go in our favor at the long run.

[BALIK]

I'm legit sick of hearing people talking about their dice strategy, or their blackjack strategy etc. There is absolutely nothing you can do to defeat the house edge on these games other than cheating, face it people, your strategy is bullshit, you just go completely lucky and you will get rekt eventually if you continue with your delusions.

[Betwrong]

I am pretty sure we all fell for the easy martingale trick, especially when it comes to dice.

We all played with 50/50 win rate and whenever we got a loss, we doubled our bet until we won and broke-even. It was almost like free money until we got like 15 nasty red losses in a row.

Basically a better strategy is to just do reverse martingale and if you get lucky you can win some huge amounts with little risk.

Bet 10 Satoshi's and if you win... bet 20 Satoshi's. If you lose, you keep betting 10 Satoshi's and never more. If you win and lose again, then you only lose 10 Satoshi's and no more.

This way you can control your losses and if you get lucky with 20 wins in a row your 10 Satoshi base bet will be a huge winner on the 19th win. However many emotions to do this one right because most will stop playing after 7-8 wins.

I can confirm that reverse martingale is a fun strategy to play with. Actually, that's how I earned/won my very first 100k satoshis. The faucet on a dice site was around 1k sats at the moment and I was playing with 2x multiplier (not knowing that one can play with any multiplier they want). I remember maxing after every win until reaching to over 100k sats on my balance. It's fun to play with strategy from time to time, but don't put it on autobet.