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Author Topic: how Do you Define the martingale effect?  (Read 174 times)
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February 27, 2019, 08:58:55 PM
 #1

I have looked at all these PDF's from online about the Martingale. It makes no sense. Do you Have a simple expainaition??

In the PDFs they wrote it like a Science project. It is like you need a PHD in Math to understand it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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February 27, 2019, 11:54:33 PM
 #2

You just need to double your money every time you bet and if you have the money to go to the end, you always win.

 
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March 03, 2019, 11:44:50 PM
Merited by mjglqw (2)
 #3

Martingale is a betting method. Each time you lose, you must put double the amount of the bet. I'll try to explain it easily.
Suppose that we playing roulette. We put 20$ on the red and we lose. We should put 40$ at this turn. We lose again and put 80$. İf we lose this again we should put 160$.
Last turn we won and now we have 160$ profit. let's calculate;
first turn: -20 $
second turn: -40$
third turn: -80$
total = -140$.

fourth turn: +160$.

160$ - 140$ = 20$ net profit.

looks like a nice method, doesn't it?


Assume that we have lost 8 consecutive times. every lost will double the bet amount that we will put. calculate;

1. -20$
2. -40$
3. -80$
4. -160$
5. -320$
6. -640$
7. -1280$
8. -2560$
Total = -5100$
Now we have to 5120$ to make a profit at the ninth turn.

9. +5120$

5120$ - 5100$ = 20$ net profit.


We started with a small amount as 20 dollars, but if we lose 8 times, the amount will be really high to put on the bet.
It's not hard to lose eight consecutive times. I have experienced and seen many times Smiley but if you have a lot of money and trust yourself is a very profitable and beautiful method, I've made a lot of profits with martingale and I'm still doing this method sometimes at gambling.



R.R.L.
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March 04, 2019, 02:23:35 AM
 #4

I think it's the idea of possibly never-ending continuous bets to secure that You could always win. That's the effect of knowing that you could just continuously bet on a gambling site or whichever you prefer, then try to see how it affects you in the long run. Plus, there's the casino edge that everyone is talking about. You do not need a Ph.D. in Math in order to understand it, you need to check the theory behind it and the actual application of it. That's just it. Maybe re-read the PDF that you say you have then check how it works. The post above me explains it well.



It's a simple google search and there is a lot of referenced material behind it.

https://en.wikipedia.org/wiki/Martingale_(betting_system)


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March 04, 2019, 05:04:38 AM
 #5

I have looked at all these PDF's from online about the Martingale. It makes no sense. Do you Have a simple expainaition??

In the PDFs they wrote it like a Science project. It is like you need a PHD in Math to understand it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I see a lot of people talk about bet, but actually martingale is not that simple, in trading martingale usually used by people include me to get out when price of a coin down. It it like we buy higher amount of coin in lower price, so to make it BEP we don't need to get price that we bought for first time.

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March 04, 2019, 08:59:28 AM
 #6

I think it's really very difficult for ordinary people to understand, and it seems we really need that title to read and understand it.

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March 04, 2019, 09:36:55 AM
 #7

I think it's really very difficult for ordinary people to understand, and it seems we really need that title to read and understand it.

What are you talking about? It's simply doubling one's bet after losing until a win is achieved.

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March 04, 2019, 10:08:37 AM
 #8

Martingale is a betting method. Each time you lose, you must put double the amount of the bet. I'll try to explain it easily.
Suppose that we playing roulette. We put 20$ on the red and we lose. We should put 40$ at this turn. We lose again and put 80$. İf we lose this again we should put 160$.
Last turn we won and now we have 160$ profit. let's calculate;
first turn: -20 $
second turn: -40$
third turn: -80$
total = -140$.

fourth turn: +160$.

160$ - 140$ = 20$ net profit.

looks like a nice method, doesn't it?


Assume that we have lost 8 consecutive times. every lost will double the bet amount that we will put. calculate;

1. -20$
2. -40$
3. -80$
4. -160$
5. -320$
6. -640$
7. -1280$
8. -2560$
Total = -5100$
Now we have to 5120$ to make a profit at the ninth turn.

9. +5120$

5120$ - 5100$ = 20$ net profit.


We started with a small amount as 20 dollars, but if we lose 8 times, the amount will be really high to put on the bet.
It's not hard to lose eight consecutive times. I have experienced and seen many times Smiley but if you have a lot of money and trust yourself is a very profitable and beautiful method, I've made a lot of profits with martingale and I'm still doing this method sometimes at gambling.



This is really a risky strategy. It is only for people with lots of money and courage. I really don't like betting because I think there is a fraud system and wallet so we can't win.
I know you have won Martingale but you will not anticipate the risks it brings. Stop playing and preserve your money. betting never makes us rich. Wink

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March 04, 2019, 09:37:18 PM
 #9

This method is often used by different investing funds to make their graph of deposit changes look much better for investors. Yes, this graph will go smoothly up but in one moment it can make a huge losses.
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March 04, 2019, 10:02:04 PM
 #10

You just need to double your money every time you bet and if you have the money to go to the end, you always win.

You can't always win, just increase the probability of your winning streak to last longer with a larger balance.

I remember from back in 2014 how one person lost an insane number of consecutive rolls, where he ended up losing his entire balance. Martingale works till it doesn't. In the end, whether it's with trading or gambling, people will become greedy and up the trades/bets where like 5-10 consecutive losses will clear their entire balance. Greed is a bitch.

If there was a way for people with large balances to always win casinos would go broke one by one.

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March 04, 2019, 10:11:35 PM
 #11

Martingale method of trading is very good for people who have very good capital to take up the risk of doubling your investment anytime you lose. Is sweet and I have tasted it, it gives you hope and a chance to pick back your losses anytime you have a win.

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March 04, 2019, 10:17:19 PM
 #12

This is really a risky strategy. It is only for people with lots of money and courage. I really don't like betting because I think there is a fraud system and wallet so we can't win.
I know you have won Martingale but you will not anticipate the risks it brings. Stop playing and preserve your money. betting never makes us rich. Wink

It is indeed a risky strategy but it does not only relates to gambling. This strategy is used massively is trading as well, especially in forex and binary trading.

Also it doesn't increase your chance if winning. It just increases the probability to recover your losses if you get lucky at any point of time! Gambling is a game of luck and no strategy can ensure winning in gambling. Rather martingale can make you go bankrupt within a short period of time if you don't keep track of your finances very closely when used in autobet scripts.

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March 05, 2019, 12:17:01 PM
 #13

-snip
This martingale effect is really for those that have enough cash to waste hoping to double it and not for dummies or beginners, based on your explanation of this effect, it is not so easy for anyone with just 50 usd to really bet if I have to start betting from 10 usd, before I get to the 8 consecutive times.

I think I would have lost the 50 dollars already with no hope of getting money to further add. I will say this effect is martingale method is for those that are very reach and can afford to loose if the worst come.

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March 05, 2019, 03:04:20 PM
 #14

Just like the above said it is just doubling every bet you made. This strategy is not for people who have a limited bankroll because it is too risky to use in gambling. You have to count your money before you want to do the martingale strategy and how long do you expect you will gain that profit in the long run.



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March 05, 2019, 03:41:01 PM
 #15

I think it's the idea of possibly never-ending continuous bets to secure that You could always win. That's the effect of knowing that you could just continuously bet on a gambling site or whichever you prefer, then try to see how it affects you in the long run. Plus, there's the casino edge that everyone is talking about. You do not need a Ph.D. in Math in order to understand it, you need to check the theory behind it and the actual application of it. That's just it. Maybe re-read the PDF that you say you have then check how it works. The post above me explains it well.
Honestly, I really don’t buy into this martingale effect that much if the idea is just to keep betting until you win. Everyone has a limit and has certain amount of money to bet with which might be as low as 20 usd.

Hence, if I am to bet using martingale now, I will keep doubling the bet amount till I win, what if all what I have is that 20 usd and I bet at 5usd per bet, it then means my money would have completely gone and not enough to get to the 8 consecutive times as explained by a mate in some post above yours. Well, I prefer my normal way of betting to this.

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March 05, 2019, 04:51:59 PM
 #16

Martingale is a betting method. Each time you lose, you must put double the amount of the bet. I'll try to explain it easily.
Suppose that we playing roulette. We put 20$ on the red and we lose. We should put 40$ at this turn. We lose again and put 80$. İf we lose this again we should put 160$.
Last turn we won and now we have 160$ profit. let's calculate;
first turn: -20 $
second turn: -40$
third turn: -80$
total = -140$.

fourth turn: +160$.

160$ - 140$ = 20$ net profit.

looks like a nice method, doesn't it?


Assume that we have lost 8 consecutive times. every lost will double the bet amount that we will put. calculate;

1. -20$
2. -40$
3. -80$
4. -160$
5. -320$
6. -640$
7. -1280$
8. -2560$
Total = -5100$
Now we have to 5120$ to make a profit at the ninth turn.

9. +5120$

5120$ - 5100$ = 20$ net profit.


We started with a small amount as 20 dollars, but if we lose 8 times, the amount will be really high to put on the bet.
It's not hard to lose eight consecutive times. I have experienced and seen many times Smiley but if you have a lot of money and trust yourself is a very profitable and beautiful method, I've made a lot of profits with martingale and I'm still doing this method sometimes at gambling.



This is really a risky strategy. It is only for people with lots of money and courage. I really don't like betting because I think there is a fraud system and wallet so we can't win.
I know you have won Martingale but you will not anticipate the risks it brings. Stop playing and preserve your money. betting never makes us rich. Wink
You called it a risky strategy but in the gambling sphere it is called martingale strategy because thats the way things goes with martingale system but the fact about the game is that concept behind it is pretty simple and easy to win. However, the risk involving is high.

Mind you, there's no fraud in gambling business and it logical that the house will win but not always.

OP, this thread ought to be in gambling section.

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March 09, 2019, 09:34:31 PM
 #17

most people who carry out martiangle techniques in cryptocurrency trading can get greater benefits if they focus on growing the types of coins to be traded and have good potential for the future because in this way they try to cover the losses they experience and expect big profits when market prices rise. However, for now it is very difficult to apply the martiangle technique in cryptocurrency trading because market price movements tend to be more stable at low prices and have not been able to rise sharply

martingale techniques are usually only carried out by gamblers and are rarely carried out by traders

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March 09, 2019, 10:33:16 PM
 #18

I have looked at all these PDF's from online about the Martingale. It makes no sense. Do you Have a simple expainaition??

In the PDFs they wrote it like a Science project. It is like you need a PHD in Math to understand it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Why do you really want to learn the martingale method?
Whatever may be your reason, gambling or trading or just curious to learn, I would like to suggest you stay away from the beautiful looking martingale method.

Martingale method is highly seductive and those who fall into its trap has burned themselves without having time to think the second time.

You have been warned!

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|ROULETTE
MINES
TOWERS
DICE
CRASH
──── ─── ─
NikolasDanoff
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March 25, 2019, 09:49:57 AM
 #19

Martingale is really a betting strategy, not a trading one! It is crap and not worth unless you want to have some fun and then cry all day long. If you double your bet size and respectively risk per trade with every consecutive loss, you bet that the chances you will get the direction of the price right the next trade is getting higher after a losing streak of let say: 1-2-3 consecutive losses, but probabilities don't work this way.

If you don't do any kind of advanced research for your trade and simply bet on your favorite direction, chances are still 50/50 even after several consecutive losses. It seems extremely rare to have 5 losing trades in a raw but it is not! If you increase your trade size with each losing trade you will hit your limits sooner than you think.

What I do is trade fixed sizes every single trade, this way you will avoid unnecessary risk-taking and will avoid your total bankruptcy.
Tytanowy Janusz
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March 25, 2019, 10:11:44 AM
 #20

Forget about martingale. It does not work. I've tested it in my simulation that I've coded.
https://bitcointalk.org/index.php?topic=5112216.msg49832531#msg49832531
This strategy is based on underestimating propability of killing strikes. In fact that propability is quite high. 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%

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