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

[o48o]

You explained this much better then i could. I have been trying to explain this to my friend and i got the answer: "You just need more money".

[nydiacaskey01]

Not that I am saying that martingale strategy works but there are times I a using this strategy when use auto betting however there is a slight twist on it. Th settings is not normal. I adjust the chance of winning to 89% and set increase bet by 15% when I lost. The chance of loosing is very low at that settings and when you did, bet will increase if you lost 2 times in a row or more.

[janggernaut]

Not that I am saying that martingale strategy works but there are times I a using this strategy when use auto betting however there is a slight twist on it. Th settings is not normal. I adjust the chance of winning to 89% and set increase bet by 15% when I lost. The chance of loosing is very low at that settings and when you did, bet will increase if you lost 2 times in a row or more.

Betting on 89% winning chance and 15% increase after lose doesn't recover your previous loss, you will get another red streak or more until your bankroll wiped out. Hoping to recover with many greens after a red doesn't helped you at all too.

[fortunecrypto]

before I implement that strategy I make sure first that I have enough amount because I will be chasing my lost and it could go 15 or 20 successive losses to get a win, only high rollers are more capable of this, because they have the funds to do it.

[ralle14]

Not that I am saying that martingale strategy works but there are times I a using this strategy when use auto betting however there is a slight twist on it. Th settings is not normal. I adjust the chance of winning to 89% and set increase bet by 15% when I lost. The chance of loosing is very low at that settings and when you did, bet will increase if you lost 2 times in a row or more.

Betting on 89% winning chance and 15% increase after lose doesn't recover your previous loss, you will get another red streak or more until your bankroll wiped out. Hoping to recover with many greens after a red doesn't helped you at all too.

I could see the strategy work for a few times by only doing a small number of rolls maybe at least 10 - 30 bets and  stop if you're on profit. It will fail if he starts to bet for a long time, i've tried betting at 90% before and with a constant bet amount there's a possibility to profit but I eventually start to lose once the total bet reaches 100+.

[FanEagle]

Hypothetically if you have an infinite amount and start with a small amount, you'd never loss. But as no one has an infinite amount and the martingale rises more quickly (geometrically), you'll soon reach to your amount limit. Yet, there are few people who insisted they have never lost due to martingale, I believe they didn't bet a lot.

Infinite amount is not really the best word but a very substantial amount; here we are talking about multi million dollars and there are gamblers with this type of money actually. I think that most of the gamblers that might have this type of money to play are not really playing for money, they do it for entertainment and as well they keep on making money.

I have not seen but have heard stories of gamblers that have played using martingale and never lost and from what I learnt they bet but because of the increased amount deposited, it never goes down to them losing, so while recovering there’s a greater chance of winning. This is the reason it’s called a winning strategy but it should be stated winning strategy for rich gamblers.

[tsaroz]

Hypothetically if you have an infinite amount and start with a small amount, you'd never loss. But as no one has an infinite amount and the martingale rises more quickly (geometrically), you'll soon reach to your amount limit. Yet, there are few people who insisted they have never lost due to martingale, I believe they didn't bet a lot.

Infinite amount is not really the best word but a very substantial amount; here we are talking about multi million dollars and there are gamblers with this type of money actually. I think that most of the gamblers that might have this type of money to play are not really playing for money, they do it for entertainment and as well they keep on making money.

I have not seen but have heard stories of gamblers that have played using martingale and never lost and from what I learnt they bet but because of the increased amount deposited, it never goes down to them losing, so while recovering there’s a greater chance of winning. This is the reason it’s called a winning strategy but it should be stated winning strategy for rich gamblers.

Deciding to stop is the key to success here. But when people get the taste of easy money, people would not stop gambling until they lost it all.
Even though they win and withdraw from one site, they'll eventually lose it on some other.

[imstillthebest]

Deciding to stop is the key to success here.

self control can help you secure your winnings if you manage to won but if ever you manage to loose , self control can help you limit from loosing big  . both can still be considered as a key to success so your right   .

But when people get the taste of easy money, people would not stop gambling until they lost it all.

theres no easy money on this world  . you need to work to earn and you are using your hard earned cash to play a gambling but there is no assurance that youl win  .  not all people are desperate to maxed out thier winning but some are wise to stop once they already earn some

Even though they win and withdraw from one site, they'll eventually lose it on some other.

you are withdrawing to stop and keeping the money in your safe  , you dont stop because you will play on the other gambling site becuase that is a risky move .  withdrawing and stopping doesnt make sense at all  . why play on other casino if you can just play on the ones that your currently using .

[sana54210]

Martingale isn't a winning strategy, it is one of the way where you get the increased chance of recovery. In simple terms it increases the probability of winning and the same isn't assured. A huge bank roll is a must and the same makes it quite risky, this seems to be the true reason where gamblers face loss applying the martingale state strategy when experiencing consecutive losses.

I think the reason many gamblers assume martingale is not a winning strategy is because it never really worked for them and in my opinion, martingale strategy is not for little gamblers but big time gamblers. If you say it gives chance for recovery, then there should be a great probability for winning but this can only be for those who have enough stakes to sustain the game and I can tell you that an ordinary gambler cannot use this strategy.

I have seen cases where a gambler that is only playing for fun decides to use martingale system believing that it will enable them win their games, Hell NO. It does not work that way. This is the reason many has written off the strategy but at the same time, those professional gamblers are still cashing out daily using the strategy.

[davis196]

Despite your post,hundreds of greedy gamblers use the martingale tactic every day.You can't just force them to stop using it.We all know that martingale sucks,but the greed and gambling addiction blinds the poor people,who keep using it until they get broke.The people,who are stupid enough to believe in this martingale  bullshit,usually deserve to lose their money.

[Fredomago]

Despite your post,hundreds of greedy gamblers use the martingale tactic every day.You can't just force them to stop using it.We all know that martingale sucks,but the greed and gambling addiction blinds the poor people,who keep using it until they get broke.The people,who are stupid enough to believe in this martingale  bullshit,usually deserve to lose their money.

Hard realities in gambler's life, using this method blindly let the players to lose money inside the gambling house, there's a lot of bad reviews about this system but in the other hands gamblers are still trying to find luck to win with this strategy, keep doubling and hoping before your bankroll is completely burned win will showed up and bring everything back in shape, but before that time comes you already being empty by that hope inside your mind.

[onrise]

You explained this much better then i could. I have been trying to explain this to my friend and i got the answer: "You just need more money".

Majorly this is the reason and due to which it actually does not work for most of the people as every one has a limited money or can take only limited risk to put some money in the gambling. And in that phase you do not make money you end up losing money .

[robelneo]

You explained this much better then i could. I have been trying to explain this to my friend and i got the answer: "You just need more money".

Majorly this is the reason and due to which it actually does not work for most of the people as every one has a limited money or can take only limited risk to put some money in the gambling. And in that phase you do not make money you end up losing money .

All strategy about gambling needs more money, some strategy is always about chasing your losses so if you are gambling with a mindset and strategy to win then you need a lot of money to back up those strategies, this is the reason why only high rollers can implement that strategy and can prove that it's really working.

[acroman08]

I keep hearing about this on gambling forums over and over so it's time to put an end to this once and for all (at least on Bitcointalk, I'm aware this system has existed for centuries and is not going away any time soon unfortunately)

There are even many people selling bots here that use the martingale system on several sites.

The martingale system entails doubling down your stake upon every loss. So, if your initial stake was, say, $1, then you'd bet $2 if you lost a game, and $4 if you lost another one, and so on until you go broke.

The expectation is that you'll never lose with this method, which I'll debunk mathematically.

The saying "The house always wins" exists because there is always the 'house edge', we'll be generous and assume the house edge is a small 1% (when it usually is 2% or higher).

This means that the probability of you losing a game is 51%. Let's assume your bankroll is $100, and your initial stake is 1% of that, or $1.

After six consecutive losses, you would have lost $63 dollars using the martingale method, and will have a remaining balance of $37, after which you would be unable to double down any further.

Many would say that the probability of losing six in a row is very low. That is indeed correct, however, this is exponentially more likely with more games played.

So, assuming a loss rate of 51%, your chances of losing six in a row are: 1 in [ 1/(0.51^6) ] games, or 1 in 57 games.

So, based on this math, after you have played 56 games, statistically speaking, you have a less than 1% chance that you will not have gone nearly bankrupt.

And this is using calculations which don't even assume a minimum or maximum betting limit. Every single game I know has had a maximum stake limit. You may or may not hit that maximum stake limit before you hit the six losses in a row, in which case, you would have a permanent negative ROI a lot faster than calculated above.


There are also many conspiracy theories that games implement various anti-martingale methods, like deliberately giving people long losing streaks at certain intervals. However, I believe this is largely a hoax. The martingale system is, for the most part, self defeating, and casinos would actually love someone who plays like that, because it means the casino is basically guaranteed a win.

Also, if they did implement anti martingale techniques, then one could simply play with an algorithm that defeats such a pattern. For example, you could play the anti martingale technique which entails doubling down when you win, and halving your stake when you lose. It would be every mathematician's dream come true if casinos did make their games follow a fixed/rigged anti-martingale losses pattern like that. Instead, games scatter wins and losses at a random pattern, combining that with the house edge is effectively a guarantee that the casinos will make money. If you truly want to win in gambling, you have to learn creative ways to defeat the house edge. The martingale method does not reduce the house edge, it merely satisfies you psychologically by changing how you perceive your losses.

martingale only sucks to gamblers who has a small amount to gamble and also most gambling site has a maximum stake limit (just like you said) the reason they put this "limit" is because martingale does work and the  house can lose continuously if they didn't implement the maximum stake limit.

[adzino]

To be successful in martingale system, you will need a huge amount of bankroll. Even having a huge amount of bankroll might make you go bankrupt. You will never lose in martingale strategy if your bankroll was infinite. But then again, why would someone gamble if they had infinite amount of money?
Martingale system would be the best system if the game he is playing had escalating odds, where your odds keep on increasing each time you make a bet and lose. But, that is not the case for most of the gambling games available. They have fixed unchanging odds!

[rdluffy]

I think every gambler already use martingale method once
i admit, I used, but I lost in a short period of time

If you use a system completely fair, and you have a really huge amout of money, or satoshis, you can gain some money, but a completely fair system is almost impossible to find, follow the rule of the house always wins, and you'll never be disappointed   

Play to have fun

[emberbekas]

You explained this much better then i could. I have been trying to explain this to my friend and i got the answer: "You just need more money".

Majorly this is the reason and due to which it actually does not work for most of the people as every one has a limited money or can take only limited risk to put some money in the gambling. And in that phase you do not make money you end up losing money .

As long as they are betting theor money in gambling, they will lose it. Martingale is a great strategy to be honest as long as you have the right amount of money to double your losses to get back all of them. But always remember that if you win one time, losses can always happen the more than once.

Don't forget that the house has a "max profit" policy which means we can not bet with the amount higher than the max profit being set. So, even with the right amount of money, it won't always make our martingale run as expected. Frankly, martingale is a very risky method to use since we have to chase our small lose with the higher amount until we hit the green one.

[carlfebz2]

You explained this much better then i could. I have been trying to explain this to my friend and i got the answer: "You just need more money".

Majorly this is the reason and due to which it actually does not work for most of the people as every one has a limited money or can take only limited risk to put some money in the gambling. And in that phase you do not make money you end up losing money .

As long as they are betting theor money in gambling, they will lose it. Martingale is a great strategy to be honest as long as you have the right amount of money to double your losses to get back all of them. But always remember that if you win one time, losses can always happen the more than once.

Don't forget that the house has a "max profit" policy which means we can not bet with the amount higher than the max profit being set. So, even with the right amount of money, it won't always make our martingale run as expected. Frankly, martingale is a very risky method to use since we have to chase our small lose with the higher amount until we hit the green one.

How big is your bankroll does matter with martingale system which it can possibly hold up a long losing streak.This strategy is the most fastest way on busting or blowing up your account which imagine that you do double your bet on each loss roll.When streak hits you then better be ready the chance to lose up.There no strategy that can give out profitability.

[swogerino]

I think that everyone of us have had that moment when he opened up a web browser and searched for how to win in gambling.I am sure that the first results were some sites with the Martingale strategy and I think any of us have started to try this at least once.The results I think have been the same for all of us,it doesn't work

[rodel caling]

None of these "techniques" is for trying to win the game so in the end they all just differ on how long you remain in the game. If you're particularly unlucky, you'd burn through your money fast using the Martingale.

Basically it's a choice of whether you want to quickly test how lucky you can get or whether you want to only gain small wins and reduce loss.

So meaning using martingale system is depends on the player luck got win or loses consistently. But I still believe skill including luck with instinct  is the way to got success that's way is best technique.