Does Martingale Work?

[wwzsocki]

~

Oops, my bad that is clearly bullshit sorry for that I admit that was a mistake. Here is the video that I actually stated I found on facebook... I just need to find that sh*t.
https://youtu.be/f9xnmh1EGIA

...Just imagine that you have invested $1 bil into the BIGGEST casino in las vegas. You are earning 1 mil every day. After 3 years your investment is finally making profit and... you was caught on cheating...

I like very much that you have the decency @Darklus123 to admit to mistake and apologize.

Of course, accepted apologies and there is no problem, I laughed during the investigation  .

Very mature behavior and that's what I miss the most in the crypto world.

Simply human honesty and responsibility for your actions and words.

[BeGoods]

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.

in the beginning maybe you will win, but in the long run I don't think you will win because casino algorithms and gambling sites will easily know your strategy and you will lose in a row and make your money run out, do it with a quick time! #imo

[Johnzky]

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.

in the beginning maybe you will win, but in the long run I don't think you will win because casino algorithms and gambling sites will easily know your strategy and you will lose in a row and make your money run out, do it with a quick time! #imo

Thats it mate casino developer will not let us win against them as operator they will make sure to create counter attack in every strategy we will use ,at first we can win but later on they will find our strategy and prevent us from winning this is how they play and beating them will be vry tough for us

[Caladonian]

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.

in the beginning maybe you will win, but in the long run I don't think you will win because casino algorithms and gambling sites will easily know your strategy and you will lose in a row and make your money run out, do it with a quick time! #imo

Yeah right, in short period if lucks permits you to win then this strategy might work, but keep using it in the long period of playing will only results into a same outcome, having numerous losing streak will eat up your bankroll and instead of gaining surely it will only results into burning your entire or most of your bankroll.

Strategy also reflects on how a gamblers knows to control his emotions, gaining little is far better than losing everything.

[Tytanowy Janusz]

in the beginning maybe you will win, but in the long run I don't think you will win because casino algorithms and gambling sites will easily know your strategy and you will lose in a row and make your money run out, do it with a quick time! #imo

In fact, as my simulation shows, casino don't need to cheat to win against martingale strategy. In fact its more profitable for casino to have bunch of gamblers with strategy that they believe in because they will put much more money into it.

Trustful casinos earns much more than shady scam one because they have more gamblers with bigger wallets and they are winning in every game due to statistic advantage. Without cheating.

[AjithBtc]

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.

in the beginning maybe you will win, but in the long run I don't think you will win because casino algorithms and gambling sites will easily know your strategy and you will lose in a row and make your money run out, do it with a quick time! #imo

Thats it mate casino developer will not let us win against them as operator they will make sure to create counter attack in every strategy we will use ,at first we can win but later on they will find our strategy and prevent us from winning this is how they play and beating them will be vry tough for us

At the beginning we used to win which is a way to keep the user keep playing. Here user needs to make perfect moves to make the winning. Some out of luck wins big, and majority losses out of greed. Always it is good to spend little by little, and further can increase the betting amount. This will keep us travel long even when we are unable to win.

[Tytanowy Janusz]

At the beginning we used to win which is a way to keep the user keep playing. Here user needs to make perfect moves to make the winning. Some out of luck wins big, and majority losses out of greed. Always it is good to spend little by little, and further can increase the betting amount. This will keep us travel long even when we are unable to win.

In fact that's the worst strategy if your purpose is to win big.



As you can see with every 1000$ bet you end up with 970$ on average. The more bets you put the more statist output you get - you are closer and closer to 970$ output. If you have 1000$ and you put 10$ each betafter 1000 bets sum of your bets is 10 000$ - output 9700$ - 300$ waste. You are left with 700$. (with 1000 bets you will be very close to that because that's enough to be almost sure to hit statistic distribution)

The best way to win big is to put all your money on single number. If you win and that's not "big money" for you than put all on single number again. That way you have 1296 times initial bet with 1:1369 probability. All other strategies only decrease probability of winning big.

[Probablylikely]

Martingale does work but not for the long run. Greed is mostly the cause for the failure.
I will normally do martingale for like 2 or 3 game sessions and then stop and reset to 100 times of preroll with a fixed small bet amount. To clear the red streaks that are likely to hit.

[Xenrise]

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.

This is what I do mostly on my gambles. So, this is what it called, Martingale system. I don't know what is the basis of this but I am following this rule. And before I read this thread I am using that system even way back in 2017 or 2018. This system works for me. But, if I go and give it all, sometimes I loss. Maybe after a win maybe the next 2nd or 3rd round can give you win. 

[virasog]

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.

in the beginning maybe you will win, but in the long run I don't think you will win because casino algorithms and gambling sites will easily know your strategy and you will lose in a row and make your money run out, do it with a quick time! #imo

I think if you want to take advantages from Martingale strategy or any other strategy , you should not use it more than once or twice in a day. If you use any strategy in a routine, the gambling site will detect it and they will apply such a mechanism that you will not be able to win again using the same strategy.

[palle11]

If you use any strategy in a routine, the gambling site will detect it and they will apply such a mechanism that you will not be able to win again using the same strategy.

I think from what you have said above can be true and this is the reason that blockchain gambling site is better and I have also seen many of such sites being developed lately. The gambling space is changing for better and you can be sure you won't have a reason for fear of not winning multiple times on a roll.

[Malsetid]

If you use any strategy in a routine, the gambling site will detect it and they will apply such a mechanism that you will not be able to win again using the same strategy.

I think from what you have said above can be true and this is the reason that blockchain gambling site is better and I have also seen many of such sites being developed lately. The gambling space is changing for better and you can be sure you won't have a reason for fear of not winning multiple times on a roll.

There are sites that allow such strategies. Anyway, to be able to succrssfully apply maryingale, you have to have a huge amount for a capital. And if it's digital gambling you're using this with, you may be surprised that the longer you play the longer your losing streak gets.

[Ayiranorea]

If you use any strategy in a routine, the gambling site will detect it and they will apply such a mechanism that you will not be able to win again using the same strategy.

I think from what you have said above can be true and this is the reason that blockchain gambling site is better and I have also seen many of such sites being developed lately. The gambling space is changing for better and you can be sure you won't have a reason for fear of not winning multiple times on a roll.

There are sites that allow such strategies. Anyway, to be able to succrssfully apply maryingale, you have to have a huge amount for a capital. And if it's digital gambling you're using this with, you may be surprised that the longer you play the longer your losing streak gets.

Martingale is just a way to limit the loss. With this strategy it isn't assured that the loss will be minimized. Here too it has got the possibility for losing. Also it is clear that martingale strategy too cannot assure to win the house edge, upon which it is just a way to minimize loss not a success strategy.

[FanEagle]

in the beginning maybe you will win, but in the long run I don't think you will win because casino algorithms and gambling sites will easily know your strategy and you will lose in a row and make your money run out, do it with a quick time! #imo

It is nice information you have provided in those pictures. It helps a lot in understanding if it does work. I think it does work but not always. It works when you are having luck in your favor. And even if it does work, you cannot win as much as you have lost. Though it is proved that martingale helps recover the net loss over a period of time, the house’s edge is always more than what you could win in the game.

In my experience, martingale had worked for me to gain some entertainment. Before I was dicing without any strategy and purely believing into my luck but after getting aware of martingale I started to gamble with some calculated way. Still, I am not making money but I do found that I can easily pass my leisure time in a thrilled way. Yes, Martingale strategy worked for me to gain different entertainment with my usual dicing.

[shoreno]

In my experience, martingale had worked for me to gain some entertainment.

that's strange . i also used martingale for a long time but its feel the same . i dont feel any happines with or without martingale and any other methods  . maybe because im only foccusing too much on the prize  because im a kind of gambler that only plays for the profit  .  i have other ways to do if i want to have fun  .

Before I was dicing without any strategy and purely believing into my luck but after getting aware of martingale I started to gamble with some calculated way

but luck is still matter the most even if you are already using a method/martingale  . that is the effect of using a strategy ,  your brain thinks that the game has some kind of a pattern involved but actually its purely random  .

[ethereumhunter]

In my experience, martingale had worked for me to gain some entertainment.

that's strange . i also used martingale for a long time but its feel the same . i dont feel any happines with or without martingale and any other methods  . maybe because im only foccusing too much on the prize  because im a kind of gambler that only plays for the profit  .  i have other ways to do if i want to have fun  .

Then maybe you need to gamble without thinking about profit so you can feel the happiness inside the games. So far, I can feel the fun things in the gambling games because I don't think about the profit besides that, I can know when to stop the game. That will help you to enjoy the game, and it's better you realize this before you are making a big loss without you know.

[Sutters Mill]

Martingale works until it doesn't and that's when you run out of money in your bankroll. I actually have a funny story about this. When I first started gambling with bitcoin on PrimeDice I literally thought I'd come up with this exact strategy where you double your bet every-time you lose so you would always win your money back if you lost. It kept on working for a few hours and I was up from something like $300 to over $1000. I told my friend about this winning strategy I'd come up with and he's like that's MartinGale you idiot LOL. Anyway, needless to say I kept gambling because I couldn't believe my luck and it was like I was printing money especially since I kept winning and never had any huge losing streaks, then out of no where I lost it all within a matter of minutes after like 15+ losses in a row. Lesson learned.

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.


-snip-

Sorry if I've misunderstood, but did you stick to one outcome or change it for example if betting on roulette you stick to black all the time? I'm no mathematician but I've always thought that there must be some way to expand your chances of winning with Martingale, but then if there was I'm sure a smarter guy than me would have cleaned the casions out by now. When I was gambling I never changed the higher or lower and kept the odds at the default of whatever it was so it was nearly 50/50 (minus house edge) and just kept going but I'm sure there are better ways at doing it.

[swogerino]

Some says it work in sport betting but I have tried it myself and it didn't work there either, before I knew it I was bankrupt ,I had little balance to try but choose ten single games with odd 2.1 and had 10 lost bets.Even if I continued maybe I would have won but still the amount won would only be the double of the initial bet which is not a big sum.

[EastSound]

It does work but it depends on how lucky you are though.  

[Tytanowy Janusz]

Sorry if I've misunderstood, but did you stick to one outcome or change it for example if betting on roulette you stick to black all the time? I'm no mathematician but I've always thought that there must be some way to expand your chances of winning with Martingale, but then if there was I'm sure a smarter guy than me would have cleaned the casions out by now. When I was gambling I never changed the higher or lower and kept the odds at the default of whatever it was so it was nearly 50/50 (minus house edge) and just kept going but I'm sure there are better ways at doing it.

I've tested various of community ideas. Like betting on red only after combo of 3 black in a row appear. Or tripling after lost bet instead of doubling and many more. All inside this topic.

F.e.
https://bitcointalk.org/index.php?topic=5112216.msg49864179#msg49864179

At the end its all about nr of bets:
The more you play the more you loose and the less probability of winning you have.
Optimal strategy is to bet all your money in one go and go home with 0 or profit.