Does Martingale Work?

[freedomgo]

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.

I don't believe in pure luck in gambling because that is not true, 99% chance is for games with house edge, we need at least 100% in order to win.

You might be referring to dice games or other games that has a house edge, martingale strategy can also be useful in different type of gambling and even sports and most of my experience is not successful. I believe it's easier to said that it's successful if we based only in theory but try to apply it and see it for yourself.

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[Tytanowy Janusz]

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.

I don't believe in pure luck in gambling because that is not true, 99% chance is for games with house edge, we need at least 100% in order to win.

You might be referring to dice games or other games that has a house edge, martingale strategy can also be useful in different type of gambling and even sports and most of my experience is not successful. I believe it's easier to said that it's successful if we based only in theory but try to apply it and see it for yourself.

You don't have to apply it by yourself to see if it works - its boring, time consuming and expensive. I simulated situation in which 100 000 gamblers entered casino with the same strategy and 1 mil $. Only 27% of them doubled money. Rest of them zeroed whole wallet. You think that you will have different results by entering casino and doing the same as those 100 000 gamblers?

[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.

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.

Actually it is right, martingale can be disaster for a gambler. But funny fact is, there are a lot of people still use this methode. Maybe for them this is good strategy to beat gambling site and they don't know if gambling site can take their money anytime.

[Harlot]

The worst case scenario for doing the martingale is you went cold and you are a losing streak with limited amounts of cash. Most of the people don't even realize the amount of loss increase everytime they lose consecutively. Martingale works but it still requires luck and big amounts of capital just in case you go into a losing streak.

[mirakal]

The worst case scenario for doing the martingale is you went cold and you are a losing streak with limited amounts of cash. Most of the people don't even realize the amount of loss increase everytime they lose consecutively. Martingale works but it still requires luck and big amounts of capital just in case you go into a losing streak.

That's definitely correct, the amount of risk is higher compared to the amount you will get.
Let's say your initial bet is $100 per bet and you are have a 10 losing streak which would result to a loss of  102,300.00 USD in total and still you want to continue with this method, so you need to bet 102, 400 USD just to win $100, and what if you loss, that would be a total of over $200K.

Are you willing to risk your 102, 400 USD to win 100 USD ?


We would realize it's risk if we will already calculate the possibilities in advance.

[Tytanowy Janusz]

The worst case scenario for doing the martingale is you went cold and you are a losing streak with limited amounts of cash. Most of the people don't even realize the amount of loss increase everytime they lose consecutively. Martingale works but it still requires luck and big amounts of capital just in case you go into a losing streak.

Big amount of capital decrise propability of killing strike but increase amount of lost money if it appear. And this is unporportional as my simulations shows what means that it is better not to have bigger capital and zero wallet at 10 strikes rather that zero 10 times bigger porfolio after 3 more bets.

[izanagi narukami]

AFAIK, martiangle should be consider for short term gambling.
So when you have reach at least 5 or 10% profit, better stop and start tomorrow or change to the other method.

Just like OP did, even if you have done complicated math, the result always same, you will loss at the end !

[BitBustah]

AFAIK, martiangle should be consider for short term gambling.
So when you have reach at least 5 or 10% profit, better stop and start tomorrow or change to the other method.

Just like OP did, even if you have done complicated math, the result always same, you will loss at the end !

IF your playing a game with a house edge which is all of them, the best thing to do is place a small number of bets and walk away when your in profit.  The more you play then the closer the results will be towards the expected odds.

[wuvdoll]

the best thing to do is place a small number of bets and walk away when your in profit.  The more you play then the closer the results will be towards the expected odds.

But, martingale is here for those gamblers who are all focusing something differently always.

• Martingale strategy is not for you when you are targeting profit-making from gambling.
• Martingale strategy is not for the gamblers who are all looking for short stay in gambling.
• Martingale strategy is not for the gamblers who are having limited bankroll/not ready to make use of faucets.

If you want to make some profits and then you plan to leave off gambling then probably you should never gamble because gambling is not meant for that. You people approach gambling with wrong reasons and then crying out for your losses.

[Fredomago]

The worst case scenario for doing the martingale is you went cold and you are a losing streak with limited amounts of cash. Most of the people don't even realize the amount of loss increase everytime they lose consecutively. Martingale works but it still requires luck and big amounts of capital just in case you go into a losing streak.

Big amount of capital decrise propability of killing strike but increase amount of lost money if it appear. And this is unporportional as my simulations shows what means that it is better not to have bigger capital and zero wallet at 10 strikes rather that zero 10 times bigger porfolio after 3 more bets.

Which is really risky to take the call, imagine how huge the possibilities of continuous losing streak than the chances of recovering the amount that you are trying to recover, martingale as short term strategy and acceptance if things won't work should be conditions inside your mindset, if luck permits you then
you can generate profits, if not just accept and quit after being bankrupt.

[Tytanowy Janusz]

the best thing to do is place a small number of bets and walk away when your in profit.  The more you play then the closer the results will be towards the expected odds.

But, martingale is here for those gamblers who are all focusing something differently always.

• Martingale strategy is not for you when you are targeting profit-making from gambling.
• Martingale strategy is not for the gamblers who are all looking for short stay in gambling.
• Martingale strategy is not for the gamblers who are having limited bankroll/not ready to make use of faucets.

If you want to make some profits and then you plan to leave off gambling then probably you should never gamble because gambling is not meant for that. You people approach gambling with wrong reasons and then crying out for your losses.

The only type of person that was not mentioned as "not for ... who" are the one who is into gambling to looose everything he has together with home and familly. For those martingale would work. They will get from gambling what they came for.

Martingale is bad strategy even for those who are comming to casino with 1 mil $ and wanting to exit with 1$ profit. Because you still have propability of loosing 1 mil which is umproportional to 1$ earnings.

[chem96]

Just a newbee question.

Martingal is the same method, egal if you play on a straight number or a colour?

If you play only with a colour with a deep pocket did you not reduce the risks?

how many times have you seen a non-interrupted series of 10 red as example?

[cabalism13]

-snip

IMO, martingale is just a win or lose thing... It doesn't varies on what type of game you're playing with. Every successful winning should be on the same bet if you lose then multiply it until you win.

how many times have you seen a non-interrupted series of 10 red as example?

If that's the case, then you're already being cheated mate. there's no way you can have such the same colour over and oover again unless you're doing something on it or maybe already done something to it.

[chem96]

-snip

how many times have you seen a non-interrupted series of 10 red as example?

If that's the case, then you're already being cheated mate. there's no way you can have such the same colour over and oover again unless you're doing something on it or maybe already done something to it.

exactely. the worst serie I have had was 5 times red. but with my bad money management it was enough to be broke.

[chem96]

-snip

how many times have you seen a non-interrupted series of 10 red as example?

If that's the case, then you're already being cheated mate. there's no way you can have such the same colour over and oover again unless you're doing something on it or maybe already done something to it.

exactely. the worst serie I have had was 5 times red. but with my bad money management it was enough to be broke.

And here a nice example with some sato on satke.com.
all went smooth until a bad serie of 6 reds. then I was broke

[mersal]

I don't trust any strategies while coming because chamling is different from all the other way of money making in this field we need only one thing that is like if you had that you will be the winner at the day but it is not stable also it will be the main disadvantage here.

[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.

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.

I was amazed by this strategy a few years ago when I online casinos where advertised so heavily and offered a lot of high no deposit bonuses.

Like I said I have never won in the end using martingale strategy.

Every time there was a moment when after hours of play I got 7 times 0 in a row or 16 times black or red with 0 in between.

I see people are writing that if you have big bankroll you can be successful with this strategy. No, you don't.

You will lose all in the end when such a moment comes as described above.

[chem96]

I was amazed by this strategy a few years ago when I online casinos where advertised so heavily and offered a lot of high no deposit bonuses.

Like I said I have never won in the end using martingale strategy.

Every time there was a moment when after hours of play I got 7 times 0 in a row or 16 times black or red with 0 in between.

I see people are writing that if you have big bankroll you can be successful with this strategy. No, you don't.

You will lose all in the end when such a moment comes as described above.

Yes I confirm
Tested twice yesterday with a big deep stake.
As you say an uncredible serie has ever come. Then broke...

[peter0425]

I was amazed by this strategy a few years ago when I online casinos where advertised so heavily and offered a lot of high no deposit bonuses.

Like I said I have never won in the end using martingale strategy.

Every time there was a moment when after hours of play I got 7 times 0 in a row or 16 times black or red with 0 in between.

I see people are writing that if you have big bankroll you can be successful with this strategy. No, you don't.

You will lose all in the end when such a moment comes as described above.

Yes I confirm
Tested twice yesterday with a big deep stake.
As you say an uncredible serie has ever come. Then broke...

Ok, so it looks like another player confirmed that it doesn't work even if you have a deep pocket. You better off with just a small streak and then quit. Because we all know that in the long run, probability will catch on you and you will just regret using this strategy.

[whirlcoin]

I've started to learn to code and one of my first programs was Martingale test.

Assumptions:
1- after every lost bet i double
2- after every win bet i go back to initiation bet
3- initiation bet is 1 $
4- when i can't afford for next bet i exit casino with money i have left
5-I do 100 000 test
6- After every win limit is increased by winning amount.


First test with limit of 1000$ (1000 times oryginal bet) - I think that its amount that most of Martingale enthusiasts enter casino (1000 times more money than single bet).


Average gambler was in casino for 4.8 days and was loosing 10.21 $ per hour. The Richest gambler achieved 446 k $ after 5 years in casino - day by day 8 h a day.

Let's test 1 000 000 times original bet (my pc was calculating it for too long so i set nr of test for 10 000 - i think that its enough to get satisfying results)



Again loss. 20$ per hour on average. Average gambler survived 1 mil rolls and exit with 570 000$. The Richest gambler spent 28 years in casino and tripled money - he was not zeroed. He reached limit of rolls set by me to avoid infinite loop. 28 years is in fact maximum for human to spend in casino (btw. tripling in 28 years. Inflation is bigger ).

Well. Maybe strategy was to hardcore - playing untill death and taking what's left. Let's say that you would quit after doubling money or go home with 0. I code that too to see what the chances are.

Lets start easy. We enter casino with 500$ and want to exit with 1000$



Only 39% of them doubled money. Its less than if they enter casino and bet everything on red (~48%).

500$ is too small?

Lets start with 1 000 000 $ again.



Loss again. Even worst - 27% chances to double. That's because with higher limit you have to earn more to double. This simulation shows that Martingale simply don't work and is worse than betting everything on red and going home. Gambling should be considered as fun with luck. Every strategy would destroy you and your brain. Go, bet earn/loos have fun but don't thing that with special strategy you have chance to win repetitively and earn for living. Well you can but due to luck ... net math and strategy.

At the end i'll post few result.



I can share my code but i bet you can all write it by yourself. Its easy after few days of learing. That way you can simply test every possible strategy for free.

yes you are right it will be useful in sometimes but following the strategies in the only chance to get the product is not a right statement in gambling because strategies are always not needed to gamble if you had money the luck will be set the profit of your investment in gambling then no other way will needed for gambling.