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

[dunfida]

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.

Getting doubled is already a challenge for martingale  strategy and this is the time that you should really know on when to take profits and call it a day but since gamblers are typically
greedy then you would expect that they would really be continuing until they do bust out their entire balance.Surprising thing? no its not.
Martingale doesnt suck if you do just know as a player or user on when to get or secure profits and when to move on and dont add up more when you do lost.

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[KTChampions]

Getting doubled is already a challenge for martingale  strategy and this is the time that you should really know on when to take profits and call it a day but since gamblers are typically
greedy then you would expect that they would really be continuing until they do bust out their entire balance.Surprising thing? no its not.
Martingale doesnt suck if you do just know as a player or user on when to get or secure profits and when to move on and dont add up more when you do lost.

And what is your opinion on the correct exit from the game when using Martingale? 10%? 20% profit? And what if from the first bets you find yourself on a losing streak and, for example, your balance drops by -30% of the deposit? Depending on the size of the deposit, this is a frequent occurrence.

[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.

Getting doubled is already a challenge for martingale  strategy and this is the time that you should really know on when to take profits and call it a day but since gamblers are typically
greedy then you would expect that they would really be continuing until they do bust out their entire balance.Surprising thing? no its not.
Martingale doesnt suck if you do just know as a player or user on when to get or secure profits and when to move on and dont add up more when you do lost.

It is not surprising and also, there will be times that even how hard you keep on trying but if luck isn't with you. You are just going to be out of your balance and run out of funds.
That has happened a lot of times to those that have tried it.

[Silberman]

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.

That is an interesting question, I really think that part of the answer to that is that people do not understand probabilities at all, many sites recommend martingale as a winning strategy either because they do not know better or just as away to try to incite people to gamble, but make no mistake martingale does not work, even if you have a 99.99% chance to win every single bet and a 0.01% chance of losing if you bet for long enough you are bound to lose and when you lose you will lose all of your capital.

[Vaskiy]

Once again Martingale Strategy try and the failure losing more than $600

[robelneo]

That is an interesting question, I really think that part of the answer to that is that people do not understand probabilities at all, many sites recommend martingale as a winning strategy either because they do not know better or just as away to try to incite people to gamble, but make no mistake martingale does not work, even if you have a 99.99% chance to win every single bet and a 0.01% chance of losing if you bet for long enough you are bound to lose and when you lose you will lose all of your capital.

I think it was a year ago when I become active in gambling that I participated in a discussion of a newbie exploring martingale it looks and sounds logical because you have to just double your bet every time you lose and you will eventually recover all your losses for the last ten rolls, it's very attractive for newbies but if you asked those who are very much into dice there are losing rolls that can go up to 20, I haven't reached that, my highest was 16th but with a house edge in favor of the gambling site, it will eventually catch you.

[newwest]

That is an interesting question, I really think that part of the answer to that is that people do not understand probabilities at all, many sites recommend martingale as a winning strategy either because they do not know better or just as away to try to incite people to gamble, but make no mistake martingale does not work, even if you have a 99.99% chance to win every single bet and a 0.01% chance of losing if you bet for long enough you are bound to lose and when you lose you will lose all of your capital.

I think it was a year ago when I become active in gambling that I participated in a discussion of a newbie exploring martingale it looks and sounds logical because you have to just double your bet every time you lose and you will eventually recover all your losses for the last ten rolls, it's very attractive for newbies but if you asked those who are very much into dice there are losing rolls that can go up to 20, I haven't reached that, my highest was 16th but with a house edge in favor of the gambling site, it will eventually catch you.

This has happened to me and in the end what happens is that you are out of money unless, you have more money to play with and add funds to the site and make it double. But once you cross 10-12 reds the amount to bet becomes higher and its difficult for many to take more chance beyond that unless you are rich to bare the further loss in case if still the red keep on coming for 15-20 rolls continuously. Better to set a limit by yourself that beyond x max red you will not bet it.

[electronicash]

That is an interesting question, I really think that part of the answer to that is that people do not understand probabilities at all, many sites recommend martingale as a winning strategy either because they do not know better or just as away to try to incite people to gamble, but make no mistake martingale does not work, even if you have a 99.99% chance to win every single bet and a 0.01% chance of losing if you bet for long enough you are bound to lose and when you lose you will lose all of your capital.

I think it was a year ago when I become active in gambling that I participated in a discussion of a newbie exploring martingale it looks and sounds logical because you have to just double your bet every time you lose and you will eventually recover all your losses for the last ten rolls, it's very attractive for newbies but if you asked those who are very much into dice there are losing rolls that can go up to 20, I haven't reached that, my highest was 16th but with a house edge in favor of the gambling site, it will eventually catch you.

This has happened to me and in the end what happens is that you are out of money unless, you have more money to play with and add funds to the site and make it double. But once you cross 10-12 reds the amount to bet becomes higher and its difficult for many to take more chance beyond that unless you are rich to bare the further loss in case if still the red keep on coming for 15-20 rolls continuously. Better to set a limit by yourself that beyond x max red you will not bet it.

10-12 streaks are too much to bear, i start with $1 and it's still something to think about when you experienced the successive 5 loss, sometimes when this happens while playing with dice, i'll just try from roll under to roll over. sometimes it breaks the 6th.  i think i've read this strategy here as well.  but then you got to learn when to stop though. always remember that the odds are always in favor of the house.

[Botnake]

That is an interesting question, I really think that part of the answer to that is that people do not understand probabilities at all, many sites recommend martingale as a winning strategy either because they do not know better or just as away to try to incite people to gamble, but make no mistake martingale does not work, even if you have a 99.99% chance to win every single bet and a 0.01% chance of losing if you bet for long enough you are bound to lose and when you lose you will lose all of your capital.

I think it was a year ago when I become active in gambling that I participated in a discussion of a newbie exploring martingale it looks and sounds logical because you have to just double your bet every time you lose and you will eventually recover all your losses for the last ten rolls, it's very attractive for newbies but if you asked those who are very much into dice there are losing rolls that can go up to 20, I haven't reached that, my highest was 16th but with a house edge in favor of the gambling site, it will eventually catch you.

This has happened to me and in the end what happens is that you are out of money unless, you have more money to play with and add funds to the site and make it double. But once you cross 10-12 reds the amount to bet becomes higher and its difficult for many to take more chance beyond that unless you are rich to bare the further loss in case if still the red keep on coming for 15-20 rolls continuously. Better to set a limit by yourself that beyond x max red you will not bet it.

10-12 streaks are too much to bear, i start with $1 and it's still something to think about when you experienced the successive 5 loss, sometimes when this happens while playing with dice, i'll just try from roll under to roll over. sometimes it breaks the 6th.  i think i've read this strategy here as well.  but then you got to learn when to stop though. always remember that the odds are always in favor of the house.

That's already 16 USD as your base bet if you look at 5 streaks, it may not be too big but if you get into 12 streak max, that would be 2048 USD bet to win 1 USD, the question is, are you willing to take that risk?