Does Martingale Work?

[Vaculin]

Martingale would also burn you out if you don't know how to control yourself,
Yeah martingale could give you profit but it doesn't guarantee that you wouldn't lose,
You must set some limits to know when to stop.

Same with other method, martingale is just a bankroll management but it does not improve your winning chance, that's the thing
every gambler has to understand, martingale is actually very risky to newbie gamblers as they could end up losing their entire bankroll and it can happen in an instant. I am not against on this strategy but I wouldn't promote this one.

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[JohnBitCo]

Martingale would also burn you out if you don't know how to control yourself,
Yeah martingale could give you profit but it doesn't guarantee that you wouldn't lose,
You must set some limits to know when to stop.

Martingale may give you some profit but to know when to stop is a universal rule which every gambler must follow if they want to be in the safe zone.

martingale is actually very risky to newbie gamblers as they could end up losing their entire bankroll and it can happen in an instant. I am not against on this strategy but I wouldn't promote this one.

Well, every methods in gambling are risky, even me, I was once a victim of that method and what it gives is just a zero balance on my account. Though I'm not worried for losing that money, what I'm really worried is making it happen twice.

I just hope martingale also burns my fats even with my money

I have never heard that anyone has won big on martingale strategy however it can be tried in few occasions.

[crwth]

The experiment is a great way to share and proving that Martingale doesn't work every time. Like some parts that you included, it's only up to a percent where people come home victorious and a lot more who lost. Maybe it's safe to say that you could still do it but expect the worst. I know people who use it in trading also.

[wwzsocki]

Never worked for me.

No matter how big my stake was always finally I was drained empty.

There will be such a moment that there will be 16 or 20 reds in the row or 7 times 0 one after another and your money will be gone.

[akram143]

Basically I don't have any confidence about following Strategies for gambling because strategies will not be useful for gambling so I don't trust any other strategy will work here to get the profit more higher.

[alexrossi]

The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing.

Merit sent! Imho that's the only real answer, and in my experience using martingales just slow down an eventual zero balance, but in no way attenuate the pot. loss

[Questat]

The only way Martingale works is when you have unlimited amount of money. Otherwise, the house edge always wins. It works well for the first few times though. You could get away with profits but if you keep doing it, you are bound to go down with nothing.

Merit sent! Imho that's the only real answer, and in my experience using martingales just slow down an eventual zero balance, but in no way attenuate the pot. loss

He is right, in short that means it's impossible to win using martingale since no one has unlimited bankroll.
Clearly gambling sites has bigger bankroll compared to gamblers and they are in control of the rules of the game, so they will make sure the favor is on them.

[coinplus]

in short that means it's impossible to win using martingale since no one has unlimited bankroll.
Clearly gambling sites has bigger bankroll compared to gamblers and they are in control of the rules of the game, so they will make sure the favor is on them.

Are gambling houses using martingale while we are gambling against them ? I do not think so. I believe they do not need any strategy but a defensive mechanism is enough. It means they do not need an unlimited nor a big bankroll to beat us. In short, they are not not at all playing but they are accommodating us to gamble within them.

Practically houses are having big bankroll than any gambler at any given time then it will be possible to win using martingale after having a big bankroll than the house ? I mean some sites are opening showing their bankroll stats then if we deposit bigger money than that, it will be possible to beat the house ? I guess at that time, martingale will produce 1000+ continuous losing streak also .

[Questat]

in short that means it's impossible to win using martingale since no one has unlimited bankroll.
Clearly gambling sites has bigger bankroll compared to gamblers and they are in control of the rules of the game, so they will make sure the favor is on them.

Are gambling houses using martingale while we are gambling against them ? I do not think so.

I never said thy are using a martingale strategy, I only said they have bigger bankroll so we cannot beat them as gamblers
does not really put a big bankroll but we just want to win big. We like to use martingale to win but we can never have that, the site might put a limit
so even if you have a unlimited bankroll, you cannot beat their system, they know what they are doing.

[gribble]

No in my personal experienced due to it needed alot of money so the martingale does not work for me, i choose other strategy in gambling games than using martingale and it is not needed alot of money, my strategy of gambling is to be house on eosbet it give me passive income although it is just little of money but at least it worked than martingale strategy in gambling games.

[Tytanowy Janusz]

Never worked for me.

No matter how big my stake was always finally I was drained empty.

There will be such a moment that there will be 16 or 20 reds in the row or 7 times 0 one after another and your money will be gone.

Yep. Just like in my simulation. Even having 1 000 000 times initial bet is not helping. In fact inceasing amount of money decrise propability of double.

39% with 1000 times oryginal bet and 27% with 1 000 000 times oryginal bet and 47% with put all on red strategy in 1 roll. This strategy will alwais kill you in longer period and in shorter you only hope that killing combo won't start with next bet.

[michellee]

Come on everybody, don't be silly winning the game is still depends on the odds and luck, whether they're with you or not.

Martingale is just one of these methods just to let ourselves enjoy every game that exists. We win and that gives us joy, we lose then we try again... And never ending story will just go until we reach bankruptcy.

I prefer to depend on luck, but that still depends on what games we played because it will make the result different. In one game, martingale can work, but in the other game, martingale won't work. We don't know what the reason is and we still need to find how to make another strategy, and we decide to not always use a martingale for the strategy. But hey, I agree that in the end, some people will lose their money whatever strategy they used.

[Tytanowy Janusz]

I prefer to depend on luck, but that still depends on what games we played because it will make the result different. In one game, martingale can work, but in the other game, martingale won't work. We don't know what the reason is and we still need to find how to make another strategy, and we decide to not always use a martingale for the strategy. But hey, I agree that in the end, some people will lose their money whatever strategy they used.

Martingale strategy does not work in any game. Its just myth passed from one gambler to another which is based on underestimating probability of loosing n times in a row. And any strategy that needs extra amount of luck to succeed is not strategy.

[Fredomago]

I prefer to depend on luck, but that still depends on what games we played because it will make the result different. In one game, martingale can work, but in the other game, martingale won't work. We don't know what the reason is and we still need to find how to make another strategy, and we decide to not always use a martingale for the strategy. But hey, I agree that in the end, some people will lose their money whatever strategy they used.

Martingale strategy does not work in any game. Its just myth passed from one gambler to another which is based on underestimating probability of loosing n times in a row. And any strategy that needs extra amount of luck to succeed is not strategy.

Pointing the right directions, there's nothing aside from luck who can bring winnings to any gamblers, and any types of gambling,
basing from  experienced, strategy can give you some good hint but not accurate and still possible to make a mistake and
loses your money.

[playboy654]

Martingale would also burn you out if you don't know how to control yourself,
Yeah martingale could give you profit but it doesn't guarantee that you wouldn't lose,
You must set some limits to know when to stop.

yes you are right any strategy will work in sometimes only so doing with limitations with gambling will always been the best idea for every Gambler to save his money and make the next gambling more useful because lots of people with no strategies will definitely lost their money all time.

[sufferer123]

As previous writers say Martingale is a way of achieving success by finding the right strategy and applying risk reduction strategies. Because you don't have unlimited resources, so house always wins. But if you make the right moves, you can seriously reduce your  losing odds and earn serious cash.

[BitcoinHunt3r]

As previous writers say Martingale is a way of achieving success by finding the right strategy and applying risk reduction strategies. Because you don't have unlimited resources, so house always wins. But if you make the right moves, you can seriously reduce your  losing odds and earn serious cash.

Maybe if we know when to get out from gambling site after win, we can use martingale and make it strategy to earn a lot in gambling site. But some people, even it is natural still greedy and they don't stop although they already win.

[Ipwich]

As previous writers say Martingale is a way of achieving success by finding the right strategy and applying risk reduction strategies. Because you don't have unlimited resources, so house always wins. But if you make the right moves, you can seriously reduce your  losing odds and earn serious cash.

Maybe if we know when to get out from gambling site after win, we can use martingale and make it strategy to earn a lot in gambling site. But some people, even it is natural still greedy and they don't stop although they already win.

We will never get out with a win if we are greedy, the fact that we are using martingale, it explains a lot of our behavior.
This is just my opinion but I believe this betting method is a recipe for a big disaster as a gambler.

[Tytanowy Janusz]

As previous writers say Martingale is a way of achieving success by finding the right strategy and applying risk reduction strategies. Because you don't have unlimited resources, so house always wins. But if you make the right moves, you can seriously reduce your  losing odds and earn serious cash.

Maybe if we know when to get out from gambling site after win, we can use martingale and make it strategy to earn a lot in gambling site. But some people, even it is natural still greedy and they don't stop although they already win.

As my simulation shows there is no way to know when to get out and every bet has propability of beeing first in killing strike.

Limit:
100
How manny tests
100000
When you want to quit?
101
Casino lost with 97521 gamblers out of 100000. Each of them took home 101$

With limit equal to 100 x bet 2,5% times you will be hit by killing strike just after entering casino. It means that you will enter casino and your killing strike will start after first bet which will zero your portfolio in 7 rolls.

Limit:
1000000
How manny tests
100000000
When you want to quit?
1000001
Casino lost with 99999637 gamblers out of 100000000. Each of them took home 1000001$

With 1 000 000 x bet limit 363 gamblers out of 100 mil will hit killing strike after first bet and wont earn even a dolar. 1 out of 275 000. Thats not even close to luck you have to have to win lottery (1:13 000 000 on most popular one in my country ... and 3 times a week someone is winning ).

In this strategy propability is against you. Same as in any other.

[sufferer123]

We will never get out with a win if we are greedy, the fact that we are using martingale, it explains a lot of our behavior.
This is just my opinion but I believe this betting method is a recipe for a big disaster as a gambler.

Considering that gambling is actually based on 99% chance and with this viewpoint all gambling methods essentially big disasters for gamblers. If we believe that there is a strategy within 1% of gambling, then martingale is one of the most successful of these strategies.