Why the martingale system sucks! (doubling down on losses)

[carlisle1]

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

 Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

You need to have that luck and quit while you still have that chance, if you stay longer then expect that the outcome will turned against you.

Lots of gamblers do have the same experienced thinking that they've got that better  chance and luck is already behind them,
but when losing strict start to show up all those early gains together with their bankroll are being suck up.

Martingale will leave you nothing if you'll use it without any good control with both emotions and your balance.

[ethereumhunter]

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

If a gambler can win using the same strategy for a short time, it is better for him to stop gambling, save and withdraw the win money and get out of the casino. But from what I see, we are difficult to win in a short time, so it is not easy for us to win for a long time. But we can stop anytime from playing gambling, especially if we can see that we can not win from the previous rounds.

I will see and observe my first ten rolls and if I see that I can win more than 5-6 rounds, I will continue to play for the next 5 rounds. But after that, if I can only win 2 times in a row, I will quit that game.

No gambler would stop when he is winning unless he wins a big amount like winning in a lottery. We gamblers always aim to win more, we also try to experiment in finding a ways to more consistent in gambling as we believe that once we become consistent in winning, then we can maximize our profit here and this could be the easiest job for us that would fulfill our dreams.

Some gamblers can stop gambling if he wins or loses because they can control themselves better than the other gambler. If he can see how big his chance to win in gambling games, he will consider continuing or stopping gamble. Maybe he stops because he sees his strategy is not working for him, so he decides to break and modify his strategy and try again in the next few days. It is hard to become consistent winning in gambling because we know that will depend on our luck. And we know that luck will not always work beside us every day and every time.

[LUCKMCFLY]

Some gamblers can stop gambling if he wins or loses because they can control themselves better than the other gambler. If he can see how big his chance to win in gambling games, he will consider continuing or stopping gamble. Maybe he stops because he sees his strategy is not working for him, so he decides to break and modify his strategy and try again in the next few days. It is hard to become consistent winning in gambling because we know that will depend on our luck. And we know that luck will not always work beside us every day and every time.

One of the things why the Martingale strategy is so efficient in casinos is because it plays with the emotion of the players, because every player has very high self-esteem when they have a high balance, even with low balances it happens, but In the long term, this strategy is not profitable, many say it is.

In my case, that was the only strategy I knew when I started gambling, but after trying and testing the gains are never greater than the losses, in fact this article affirms it:

For the Martingale strategy to work, you'll need huge amounts of capital at your disposal. Even then, you're counting on the winning trades to offset the losses. You might have winning trades at the onset.

But one losing trade in the future might take out a huge chunk off your account. On the other hand, a winning trade might offset the losses incurred in earlier trades. However, whatever profit is left might be too small to justify your huge investment in that one single trade.

Source: https://www.iqoptionwiki.com/martingale-strategy-trading-iq-option/

Of course, the good or bad luck of the player also influences here, there are some players who do this strategy only 1 or 2 times and it works for them, but they don't do it often, and it gives them results.

[Silberman]

It is a bad strategy unless you set a limit and go with the gamble. Maybe double down five times or so, but it will ultimately make you lose if you repeat that just often enough. It comes down to pretty much the same result as the statistics of OP prove very well.

If you will not set a limit, the gambling site will, and as a gambler, you don't have an unlimited bankroll so you need to manage the bankroll. Doubling down every bet but only up to certain numbers, is not what we called as Martingale method as the martingale method explains that you'll only stop doubling when you win, so if you have like 20 losing streak, you have to continue to double your last bet in order to qualify.

You are correct when you say that what the user that you are quoting is describing is not really martingale as it is clear that in order for the martingale strategy to be used you need to double your bet each time you lose, however it is a betting progression and as we know a betting progression is never going to be enough to beat the casino games because a progression does not change the expected value that you can get out of each bet and as such all of those strategies keep losing money.

[ethereumhunter]

Some gamblers can stop gambling if he wins or loses because they can control themselves better than the other gambler. If he can see how big his chance to win in gambling games, he will consider continuing or stopping gamble. Maybe he stops because he sees his strategy is not working for him, so he decides to break and modify his strategy and try again in the next few days. It is hard to become consistent winning in gambling because we know that will depend on our luck. And we know that luck will not always work beside us every day and every time.

One of the things why the Martingale strategy is so efficient in casinos is because it plays with the emotion of the players, because every player has very high self-esteem when they have a high balance, even with low balances it happens, but In the long term, this strategy is not profitable, many say it is.

If a gambler uses the martingale system and can win the game in the short term, he must stop as soon as possible before he loses because I guess the losses will be bigger than he won before. That is what a gambler must do to avoid a big loss.

Yes, a gambler will feel high self-esteem if they win, no matter how big their balance, but that can make them greedy if they do not stop gambling.

[Reatim]

Some gamblers can stop gambling if he wins or loses because they can control themselves better than the other gambler. If he can see how big his chance to win in gambling games, he will consider continuing or stopping gamble. Maybe he stops because he sees his strategy is not working for him, so he decides to break and modify his strategy and try again in the next few days. It is hard to become consistent winning in gambling because we know that will depend on our luck. And we know that luck will not always work beside us every day and every time.

One of the things why the Martingale strategy is so efficient in casinos is because it plays with the emotion of the players, because every player has very high self-esteem when they have a high balance, even with low balances it happens, but In the long term, this strategy is not profitable, many say it is.

If a gambler uses the martingale system and can win the game in the short term, he must stop as soon as possible before he loses because I guess the losses will be bigger than he won before. That is what a gambler must do to avoid a big loss.

Discipline in gambling activities what will save us always . the longer you gamble is the bigger chance of losing thats the reality and based on my own experience.

Yes, a gambler will feel high self-esteem if they win, no matter how big their balance, but that can make them greedy if they do not stop gambling.

always Put your self as beginners , in which completely contented in small wins , in this way you will never become greedy and will keep your plans small time and never exceed to looking for tons of wins each gambling time.

[Obito]

~snip

The system is not created for you to break even, you started an exact amount then double it if you lose until you win, that's the only process you have to do and you don't use any kind of system as the system itself is very simple to follow. However, is it effective? the answer is yes if you have an unlimited bankroll.

You just described what breaking even is which is what Martingale system does. Also, your answer doesn't make sense because your definition of bankroll is definitely not right plus it's a useless system that makes a quick work of your money because you exponentially increase your bet and end up losing it much faster than usual.

[KTChampions]

If a gambler uses the martingale system and can win the game in the short term, he must stop as soon as possible before he loses because I guess the losses will be bigger than he won before. That is what a gambler must do to avoid a big loss.

Yes, a gambler will feel high self-esteem if they win, no matter how big their balance, but that can make them greedy if they do not stop gambling.

On the one hand, your advice looks reasonable, but if you think it over completely, then you will inevitably come to the conclusion that you should not even start playing 
Probably the best strategy is to set the money that you are willing to lose and play in order to enjoy the game, not in order to win. If the process of the game itself does not give you pleasure, then it is better not even to start.

[BuNga_cute]

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

 Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

You need to have that luck and quit while you still have that chance, if you stay longer then expect that the outcome will turned against you.

Lots of gamblers do have the same experienced thinking that they've got that better  chance and luck is already behind them,
but when losing strict start to show up all those early gains together with their bankroll are being suck up.

Martingale will leave you nothing if you'll use it without any good control with both emotions and your balance.

Martingale without control and used in the long term will only make our capital run out. So I agree when using the martingale strategy we must
be able to control ourselves when to stop, because if it continues after a losing streak, there is a possibility that the results are not what we want.
I believe no matter how big a bankroll we have, if we insist on using the Martingale strategy, our bankroll will also run out. So we do have to limit
when using the martingale strategy, with disciplined control.

[ethereumhunter]

Some gamblers can stop gambling if he wins or loses because they can control themselves better than the other gambler. If he can see how big his chance to win in gambling games, he will consider continuing or stopping gamble. Maybe he stops because he sees his strategy is not working for him, so he decides to break and modify his strategy and try again in the next few days. It is hard to become consistent winning in gambling because we know that will depend on our luck. And we know that luck will not always work beside us every day and every time.

One of the things why the Martingale strategy is so efficient in casinos is because it plays with the emotion of the players, because every player has very high self-esteem when they have a high balance, even with low balances it happens, but In the long term, this strategy is not profitable, many say it is.

If a gambler uses the martingale system and can win the game in the short term, he must stop as soon as possible before he loses because I guess the losses will be bigger than he won before. That is what a gambler must do to avoid a big loss.

Discipline in gambling activities what will save us always . the longer you gamble is the bigger chance of losing thats the reality and based on my own experience.

I admitted that sometimes, we lose the discipline just because we are too feel excited playing the game. Although I am tried to discipline myself, I still lose that for some time. But I keep trying.

Yes, a gambler will feel high self-esteem if they win, no matter how big their balance, but that can make them greedy if they do not stop gambling.

always Put your self as beginners , in which completely contented in small wins , in this way you will never become greedy and will keep your plans small time and never exceed to looking for tons of wins each gambling time.

I hope we can do that because as we got the win, that will turn us become like a pro and forget to control ourselves. That makes us become greedy and still playing gambling to chase the next win. But that will not always happen to us.

On the one hand, your advice looks reasonable, but if you think it over completely, then you will inevitably come to the conclusion that you should not even start playing 
Probably the best strategy is to set the money that you are willing to lose and play in order to enjoy the game, not in order to win. If the process of the game itself does not give you pleasure, then it is better not even to start.

I guess so
Set the money we should use and do not mind if the money loses will be a good idea. But remember that some gamblers can use the other money and deposit it in their account to continue playing even if they do that in the next few days.

[KTChampions]

On the one hand, your advice looks reasonable, but if you think it over completely, then you will inevitably come to the conclusion that you should not even start playing 
Probably the best strategy is to set the money that you are willing to lose and play in order to enjoy the game, not in order to win. If the process of the game itself does not give you pleasure, then it is better not even to start.

I guess so
Set the money we should use and do not mind if the money loses will be a good idea. But remember that some gamblers can use the other money and deposit it in their account to continue playing even if they do that in the next few days.

This will be a violation of the correct strategy and I think the result (losing all the money) will definitely not bring any pleasure 
In principle, we can endlessly talk about how to act, but the problem is that a person is subject to emotions and he can even break the rules that he himself has established. There is hardly anything you can do about it.

[Fredomago]

This will be a violation of the correct strategy and I think the result (losing all the money) will definitely not bring any pleasure  
In principle, we can endlessly talk about how to act, but the problem is that a person is subject to emotions and he can even break the rules that he himself has established. There is hardly anything you can do about it.

There's none unless you really have that special kind of self-control where you can easily kills every emotions inside you and you are good in sticking with how you plan everything,

If such mentality exist, might a small percentage of gamblers or those experienced players who are not being exposed. Gamblers who choose to keep it themselves from the lime light and continue to prosper and enjoy this business.

Oh well, its  case to case in anyhow, martingale system though mostly lead gamblers to lose..

[BITCOIN4X]

Oh well, its  case to case in anyhow, martingale system though mostly lead gamblers to lose..

That strategy is indeed a bit crazier than betting on the same numbers for the lottery for several months. I think we have to have a big bankroll to get big wins with this strategy. But has this martingale never been banned by any gambling site?

[Mahanton]

Oh well, its  case to case in anyhow, martingale system though mostly lead gamblers to lose..

That strategy is indeed a bit crazier than betting on the same numbers for the lottery for several months. I think we have to have a big bankroll to get big wins with this strategy. But has this martingale never been banned by any gambling site?

Dont know on why you said such thing, arent you a gambler? Havent you able to make use of martingale ever since? because it seems you dont have any idea about on what you are saying.

Martingale is never been banned because it was never been a profitable strategy specially if you are using it for long term then you would just basically blown out your account.
Martingale wont really mind of having a big bankroll because it wouldnt guaranteed to make big wins with this strategy just like on what you had said which is
totally on the opposite.

[ethereumhunter]

On the one hand, your advice looks reasonable, but if you think it over completely, then you will inevitably come to the conclusion that you should not even start playing 
Probably the best strategy is to set the money that you are willing to lose and play in order to enjoy the game, not in order to win. If the process of the game itself does not give you pleasure, then it is better not even to start.

I guess so
Set the money we should use and do not mind if the money loses will be a good idea. But remember that some gamblers can use the other money and deposit it in their account to continue playing even if they do that in the next few days.

This will be a violation of the correct strategy and I think the result (losing all the money) will definitely not bring any pleasure 
In principle, we can endlessly talk about how to act, but the problem is that a person is subject to emotions and he can even break the rules that he himself has established. There is hardly anything you can do about it.

When it came to emotion, it will depend on how someone can manage the emotion and if he is a person who can control himself, he will control his emotion and not use more money and break the rules. He will realize that it is no use for him to do that instead will only give him losses. I am sure if he always controls the emotion, he can enjoy playing gambling without afraid of breaking the rules and his rules.

[KTChampions]

This will be a violation of the correct strategy and I think the result (losing all the money) will definitely not bring any pleasure  
In principle, we can endlessly talk about how to act, but the problem is that a person is subject to emotions and he can even break the rules that he himself has established. There is hardly anything you can do about it.

There's none unless you really have that special kind of self-control where you can easily kills every emotions inside you and you are good in sticking with how you plan everything,

If such mentality exist, might a small percentage of gamblers or those experienced players who are not being exposed. Gamblers who choose to keep it themselves from the lime light and continue to prosper and enjoy this business.

I don't know if this is even possible theoretically. If you are doing something, then you are involved in the business and are interested in a positive result, you are emotionally involved. If this activity is gambling, then there is always an element of luck. Is it possible to be indifferent and not give vent to emotions in moments when luck sometimes helps you, and sometimes absolutely rudely destroys you? I doubt it.
Perhaps this is possible in arbitrage and similar techniques, but this is not gambling.

Oh well, its  case to case in anyhow, martingale system though mostly lead gamblers to lose..

100%

[Silberman]

Oh well, its  case to case in anyhow, martingale system though mostly lead gamblers to lose..

That strategy is indeed a bit crazier than betting on the same numbers for the lottery for several months. I think we have to have a big bankroll to get big wins with this strategy. But has this martingale never been banned by any gambling site?

Dont know on why you said such thing, arent you a gambler? Havent you able to make use of martingale ever since? because it seems you dont have any idea about on what you are saying.

Martingale is never been banned because it was never been a profitable strategy specially if you are using it for long term then you would just basically blown out your account.
Martingale wont really mind of having a big bankroll because it wouldnt guaranteed to make big wins with this strategy just like on what you had said which is
totally on the opposite.

Correct, the only techniques that are frowned upon by the casino are those that can actually provide profits to the gambler, strategies like card counting, bonus abuse or arbitrage bets, martingale does not work and the casinos have several measures to make sure that it will never work, one example of this is the table limit, this way it does not matter how much money you have sooner or later you will hit that table limit and you will lose your money and you will have no chance to get it back.

[Kasabus]

Oh well, its  case to case in anyhow, martingale system though mostly lead gamblers to lose..

100%

If this is 100% correct, then why it's still a very popular method, and why gamblers still want to experiment with this. We all use this method, right? Based on my personal experience, there are times that it's working, but most of the time it's not, so I must say you need good timing to make this method effective, otherwise, you'll easily lose your entire bankroll.

[KTChampions]

Oh well, its  case to case in anyhow, martingale system though mostly lead gamblers to lose..

100%

If this is 100% correct, then why it's still a very popular method, and why gamblers still want to experiment with this. We all use this method, right? Based on my personal experience, there are times that it's working, but most of the time it's not, so I must say you need good timing to make this method effective, otherwise, you'll easily lose your entire bankroll.

This method never works. The fact that you do not lose everything at once does not mean that this method "temporarily" works.
The easiest way to test such strategies is to wait for the deposit to double. If you regularly lose your deposit before doubling it using this strategy, then it does not work.  Believe me, doubling your deposit using Martingale is almost impossible.

[tabas]

If this is 100% correct, then why it's still a very popular method, and why gamblers still want to experiment with this. We all use this method, right? Based on my personal experience, there are times that it's working, but most of the time it's not, so I must say you need good timing to make this method effective, otherwise, you'll easily lose your entire bankroll.

This method never works. The fact that you do not lose everything at once does not mean that this method "temporarily" works.
The easiest way to test such strategies is to wait for the deposit to double. If you regularly lose your deposit before doubling it using this strategy, then it does not work.  Believe me, doubling your deposit using Martingale is almost impossible.

That's the reality that it never works. We may see some temporary wins but if you will keep on going, you'll be ending up losing those wins too.
I agree. You'll lose your entire balance before you'd be seeing your money getting doubled through this strategy.