Does Martingale Work?

[pixie85]

Good work OP I gave you merit for that. I knew that was the case but never did proper work to prove it. I tried martingale on a very low bank and very low bet making it possible to lose at least 15 times before going bust and it never worked. I was surprised by the time it took me to lose. It didn't even take an hour for me to hit a 10 losing streak but I don't think that I got a 15 times winning streak. I always thought that casinos are rigged to weed out martingale players but your program proves that they don't even have to be. The player will bust himself anyway.

[Tytanowy Janusz]

Good work OP I gave you merit for that. I knew that was the case but never did proper work to prove it. I tried martingale on a very low bank and very low bet making it possible to lose at least 15 times before going bust and it never worked. I was surprised by the time it took me to lose. It didn't even take an hour for me to hit a 10 losing streak but I don't think that I got a 15 times winning streak. I always thought that casinos are rigged to weed out martingale players but your program proves that they don't even have to be. The player will bust himself anyway.

Yep. Gamblers very often underestimate probability of losing strikes. In fact in 200 bets its:
6 in a row - 96,5%
7 in a row - 80%
8 in a row - 54%
9 in a row - 32%

It means that you have 32% probability of loosing 5110$ after 200 bets with initial bet at 10$. How many of us actually want to risk more? In fact its the same risk as betting 5000$ on first dozen and triple or go home. In fact this strategy has better risk/profit ratio.

[Lexus19]

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.

And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life   

[Tytanowy Janusz]

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.

And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life  

What if you enjoy gambling? I think its the only reason for being in gambling that actually is reasonable because being into gambling to earn is like diving into watter to breath

What is unlimited amount? 100 000 000 times initial bet?

Code:

Limit: 
100000000
How manny tests
1000
average rolls 4843387.62 average out 9.806127697E7
average loss -1938723 in 10090.39 days (one bet per minute, 8h daily), which is -24.02 per hour
richest: 102435795 after 28 years

Still not enought in 1000 tests. 28 years is limit set by me (who could possible spend more?).  Richest gambler earned only 2 mil $ in 28 years. Thats how would you like to spend your life having already 100 mil ? If you would divide 10090.29 days by 365 we have 27,64 years. It means that almost everyone reached lifetime limit. ALMOST. Because some of gamblers (out of 1000) hit killing strike loosing 100 000 000 $ (with initial bet equal to 1$). So martingale is worst strategy even for those who has crazy big porfolio and are into gambling only for fun.

[Betwrong]

~Because some of gamblers (out of 1000) hit killing strike loosing 100 000 000 $ (with initial bet equal to 1$). So martingale is worst strategy even for those who has crazy big porfolio and are into gambling only for fun.

No one would risk $100 million in order of winning $1 per bet, even if it was $1 per second. I know, people do crazier things sometimes, but no one in his/her right mind would do that. Gambling is supposed to be for recreation, and constant winning (like in the case of martingale with unlimited bankroll) shouldn't be anyone's goal. Firstly, because there is no such thing as "unlimited bankroll". Secondly, because you can think that your bankroll is big enough and lose it all. And thirdly because martingale only makes you stressed, there's no fun in playing with that strategy.

[matchi2011]

~Because some of gamblers (out of 1000) hit killing strike loosing 100 000 000 $ (with initial bet equal to 1$). So martingale is worst strategy even for those who has crazy big porfolio and are into gambling only for fun.

No one would risk $100 million in order of winning $1 per bet, even if it was $1 per second. I know, people do crazier things sometimes, but no one in his/her right mind would do that. Gambling is supposed to be for recreation, and constant winning (like in the case of martingale with unlimited bankroll) shouldn't be anyone's goal. Firstly, because there is no such thing as "unlimited bankroll". Secondly, because you can think that your bankroll is big enough and lose it all. And thirdly because martingale only makes you stressed, there's no fun in playing with that strategy.

Reading those reasons and I see the relevance, martingales will make you stress when trying to win small amount while risking your money when
you are having a continuous losing streak, there's no fun when you are not getting the satisfactions that you are intending to have while playing,
you can play with any strategy of course always find enjoyment.

[Tytanowy Janusz]

No one would risk $100 million in order of winning $1 per bet, even if it was $1 per second. I know, people do crazier things sometimes, but no one in his/her right mind would do that. Gambling is supposed to be for recreation, and constant winning (like in the case of martingale with unlimited bankroll) shouldn't be anyone's goal. Firstly, because there is no such thing as "unlimited bankroll". Secondly, because you can think that your bankroll is big enough and lose it all. And thirdly because martingale only makes you stressed, there's no fun in playing with that strategy.

Agreed. Gamble to earn is like diving into water to breath. Its only for fun. And all types of strategies simply destroy fun. In this $100 million simulations i was only trying to show that "unlimited bankroll" is not "big enough bankroll". Its infinite bankroll.

I'm still training my coding skill and would love to test next casino strategies. Not only in roulette. If you want to test something just write it here. Casino strategies are good for that because if program return profit after thousands of roll i know that i did something wrong

[tabas]

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.

And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life   

What's the sense of having unlimited money if you're just going to gamble it? Martingale for me doesn't really work and I reckon what lexus said, we just have to enjoy our lives if we are on that moment of our lives when we have unlimited money.

[poptok1]

-snip-
And all types of strategies simply destroy fun.

I'm not even sure if we should call any gambling behaviour a strategy.
There is actually no strategic thinking when it comes to pure chance based activities. As you said, it ruins the fun and more to that, this can give us false mechanics understanding and fake sense of security. Gambling approach, technique, style, system but not tactics nor strategy is adequate here. Just semantics one may say but actual impact on losses or gains is possible, just due to proper nomenclature usage. Most of the time it all comes to "try and error" procedure anyway, adding extra ideology to gambling is potentially dangerous and can bring unnecessary losses. Just play and have a blast in the process, forget the cold calculations.    

[iMark]

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.

And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life   

That's a very smart answer mate , if you have unlimited money you don't need to gamble anymore lol. martingel works if you're
lucky dude. how much your capital, you can lose 10 times in a row, so luck is still needed in this strategy

[onrise]

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.

And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life   

That's a very smart answer mate , if you have unlimited money you don't need to gamble anymore lol. martingel works if you're
lucky dude. how much your capital, you can lose 10 times in a row, so luck is still needed in this strategy

Luck is always needed everywhere . And in this strategy you require a lot of money too and not practical for many people so for them it will not work and will be based in luck only to make money from this game too . Instead people should enjoy and have fun .

[absy]

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.

And then you have unlimited amount of money you dont need play any gambling you can just enjoy your life   

That's a very smart answer mate , if you have unlimited money you don't need to gamble anymore lol. martingel works if you're
lucky dude. how much your capital, you can lose 10 times in a row, so luck is still needed in this strategy

Luck is always needed everywhere . And in this strategy you require a lot of money too and not practical for many people so for them it will not work and will be based in luck only to make money from this game too . Instead people should enjoy and have fun .

Theoretically large money prevents from busting using martingale but in practice it isn't true . Just 2-3 more losing bets will bust hell lot of money . The probability might be very very very less but still its easier to lose tons of money in this strategy.

[efrenbilantok]

Even if you have a million dollars to play using the martingale method, you have a high probability of winning but not in a long run, you will bust all your money before you know it so nah it doesn't work, keep your eye open for the profit don't be greedy as it's the main enemy.

[BitBustah]

Even if martingale works for those with a very high bank roll and no maximum bets they would be better of fusing their capital to generate money in other ways.  Its simply not worth the time at that point.

[Ipwich]

Even if martingale works for those with a very high bank roll and no maximum bets they would be better of fusing their capital to generate money in other ways.  Its simply not worth the time at that point.

It will never work long term, high bankroll that you have is just small compared to the house bank roll.
Only when you have unlimited bankroll will you will experience a real win, which in any case would not be possible, unless you are God.

[carlfebz2]

Even if martingale works for those with a very high bank roll and no maximum bets they would be better of fusing their capital to generate money in other ways.  Its simply not worth the time at that point.

It will never work long term, high bankroll that you have is just small compared to the house bank roll.
Only when you have unlimited bankroll will you will experience a real win, which in any case would not be possible, unless you are God.

Unlimited bankroll do only exist on our dreams and even bullionaires and trillionaires can possibly bust up and lose their money on an instant when tending to play dice. 
Martingale doesn't work and probability of losing streaks is high and no matter how big your bankroll is it wont guarantee safe profits or does work for long term.

[mirakal]

Even if martingale works for those with a very high bank roll and no maximum bets they would be better of fusing their capital to generate money in other ways.  Its simply not worth the time at that point.

It will never work long term, high bankroll that you have is just small compared to the house bank roll.
Only when you have unlimited bankroll will you will experience a real win, which in any case would not be possible, unless you are God.

Unlimited bankroll do only exist on our dreams and even bullionaires and trillionaires can possibly bust up and lose their money on an instant when tending to play dice. 
Martingale doesn't work and probability of losing streaks is high and no matter how big your bankroll is it wont guarantee safe profits or does work for long term.

That means martingale would not really work for long term due to the fact that no one possess unlimited bankroll.
Winning is possible but should be for long term or if you are lucky winning big in a good timing but only few can do that in gambling since not everyone is lucky.

Winning is possible when you are consistent and dice is a game where you can never be consistent because it's the house edge that will make it impossible.

[Betwrong]

~
Unlimited bankroll do only exist on our dreams and even bullionaires and trillionaires can possibly bust up and lose their money on an instant when tending to play dice.  
Martingale doesn't work and probability of losing streaks is high and no matter how big your bankroll is it wont guarantee safe profits or does work for long term.

We also shouldn't forget that in many places (or rather in most of them) there is a limit on the max bet, so even if you had an unlimited bankroll that wouldn't help you to win (possibly) the next bet since you are not allowed to make it.

I personally play with martingale strategy pretty often, but that's for entertainment purposes only, it's really a bad idea to think that you can make money with it. You should play in such a manner that you smile when hitting a long losing streak at how long it is rather than cry about how much you lose.

[wwzsocki]

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.

Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore.

Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips.

If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win.

[Tytanowy Janusz]

Additionally, I see lately that casinos try to stop people from using Martingale and tight their rules to net let anybody test this strategy anymore.

Like I said and other users confirmed even with big bankroll you will lose using Martingale in the long run but still if one doesn't have any other better strategy, a martingale is still something to try in short period games to add some chips.

If one is lucky enough you can have your golden winning strike and should and take the winnings this is the only way to win.

With big bankroll (1000 times initial bet) you will spend few days in casino to double with lower propability than puting all money on red and going home. This strategy consume time only not giving extra propability in return. In fact decrising propability.