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

[FanEagle]

It seems to me that even today, many people using the browser are looking for opportunities to win gambling.  But why look so far and risk your own money if we already have everything on bitcointalk.  Best of all, this particular forum provides a sufficiently large amount of information for a gambler.

I think the problem is, not everyone that comes on this forum are here to learn. I think some people just come to play around if there’s anything like that because, I have seen it on so many occasions where gamblers have been advised against the use of some strategies, also there are times gamblers are been warned of visiting some sites and its always surprising to see that some gamblers will still fall into this trap and come back to complain.

Truth be told, Bitcoin forum has really helped a lot of gamblers like me in differentiating between wrong and right. Also, it was one of the topics I read here sometimes ago I got to learn that martingale strategy isn’t for small gamblers and since then I never used it.

[mich]

This is a famous gambling strategy but you can do a google search for the actual truth about this system
'Doubling down' is not a good mentality to have with gambling regardless if its a game of chance or if its a sports bet
I will be honest that when I play on some casino sites I also find myself 'doubling down' but once I convince myself its a losing venture I am able to control my desire to continue.
People only need to gamble for entertainment not for a means of salary

https://wizardofodds.com/gambling/betting-systems/
'The Martingale'

[darewaller]

Martingale is not a win strategy, people should search another strategy, a lot of friend tried martingale strategy and didn't bring nothing good and make them lose a lot, i preffer bet as it is and choose odds close to 2 or over.

People shouldn't search for any strategy obviously, they don't work in the long run.

You are clearly a complete moron who thinks that some magic strategy can somehow defy the law of odds.

If you want a winning strategy, take your profits and leave, that's the only way.

Well said bro, I keep wondering why people believe there is a winning strategy in gambling. This has never crossed my mind because I understand that beating the odd is absolutely impossible. It has been made to be in favor of the site. Like you said and I completely agree, take your little profit after each win and go home. Don’t ever think of double betting or recovering loses, this way you are opening doors for more loses.

I have and will always be against martingale strategy. It has never favored anyone I know and whoever came up with this strategy obviously did it to deceive gamblers because it really sucks and has led many gamblers into debts. I know of a gambler that borrowed money from his family to gamble believing that martingale system will enable him win, he lost it all completely and went into depression at the end.

[FIFA worldcup]

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

Indeed, because the martingale system is not intended for gambling, I believe the system on the gambling platform has provided anti-martiangle, so anyone who uses this system will lose even if he uses martiangle up to level 10. If you play gambling, it is better to use a parlay system, where we bet from previous advantage. Martiangle only works for trade.

For me as according to the rules of martingale I guess it is applicable as this way the person who is loosing can double the investment and the first loss can help to be recovered but the only thing people use to say that it is not for gambling is because no one knows as the chances to hit the loss or profit is 50/50.

It seems to me that even today, many people using the browser are looking for opportunities to win gambling.  But why look so far and risk your own money if we already have everything on bitcointalk.  Best of all, this particular forum provides a sufficiently large amount of information for a gambler.

People do come in gambling to win, to apply different strategy like martingale etc but they end up losing. Whether you invest more money to chase your loss or you reinvest your profits in gambling, You lose in gambling in both ways.  The only winner in gambling is who is not greedy and also who has the power to bear the small loses and not chase them which might turn into big loses.

[Spaffin]

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

Indeed, because the martingale system is not intended for gambling, I believe the system on the gambling platform has provided anti-martiangle, so anyone who uses this system will lose even if he uses martiangle up to level 10. If you play gambling, it is better to use a parlay system, where we bet from previous advantage. Martiangle only works for trade.

For me as according to the rules of martingale I guess it is applicable as this way the person who is loosing can double the investment and the first loss can help to be recovered but the only thing people use to say that it is not for gambling is because no one knows as the chances to hit the loss or profit is 50/50.

It seems to me that even today, many people using the browser are looking for opportunities to win gambling.  But why look so far and risk your own money if we already have everything on bitcointalk.  Best of all, this particular forum provides a sufficiently large amount of information for a gambler.

People do come in gambling to win, to apply different strategy like martingale etc but they end up losing. Whether you invest more money to chase your loss or you reinvest your profits in gambling, You lose in gambling in both ways.  The only winner in gambling is who is not greedy and also who has the power to bear the small loses and not chase them which might turn into big loses.

I think that the only winner in gambling is the owner and investor.  But I really agree with you that you can not go on about their dependence on gambling.  If you managed to get a win, you do not need to abuse your success.

[Best Dreams]

It seems to me that even today, many people using the browser are looking for opportunities to win gambling.  But why look so far and risk your own money if we already have everything on bitcointalk.  Best of all, this particular forum provides a sufficiently large amount of information for a gambler.

I think the problem is, not everyone that comes on this forum are here to learn. I think some people just come to play around if there’s anything like that because, I have seen it on so many occasions where gamblers have been advised against the use of some strategies, also there are times gamblers are been warned of visiting some sites and its always surprising to see that some gamblers will still fall into this trap and come back to complain.

Truth be told, Bitcoin forum has really helped a lot of gamblers like me in differentiating between wrong and right. Also, it was one of the topics I read here sometimes ago I got to learn that martingale strategy isn’t for small gamblers and since then I never used it.

Double down your winning is good while you invest and there are some chances of lose you can double your investment but some people says it has allot of risk because if there are chances to win at the same time there are few chances for the game to change at once so it can cause lose but if the gambler has faith and confidence in his skills he can overcome your lose.

[redsun114]

I keep wondering why people believe there is a winning strategy in gambling. This has never crossed my mind because I understand that beating the odd is absolutely impossible. It has been made to be in favor of the site. Like you said and I completely agree, take your little profit after each win and go home. Don’t ever think of double betting or recovering loses, this way you are opening doors for more loses.

I have and will always be against martingale strategy. It has never favored anyone I know and whoever came up with this strategy obviously did it to deceive gamblers because it really sucks and has led many gamblers into debts. I know of a gambler that borrowed money from his family to gamble believing that martingale system will enable him win, he lost it all completely and went into depression at the end.

In my opinion, the problem is not with gambling or its strategies that fail to work but with the players, from your story, how can someone borrow money just to play games. Irrespective of the assurance, the number one rule of gambling which I learnt since the first day I began playing is never gamble what you cannot afford to lose and what this meant to me was SPARE money. Borrowing money for me, is going to the extreme because I feel it’s not worth it, so we can’t blame this on the system.

Like you have said, whoever that made the martingale system understands it better, I have read testimonies of those it worked for and to those whom it disappointed, maybe contentment is all they need to learn to succeed in gambling.

[Darker45]

Here is a calculator:
https://www.betburger.com/surebet-calculator

With martingale every game has its own chance and they are independent from the previous results. Liverpool may win 20 times before they lose a game and you'll lose all your capital by then.

1st game:  1
2nd game: 2
3rd game: 4
4th game: 8
5th game: 16
6th game: 32
7th game: 64
8th game: 128

If you lose 7 times in a row, by the time you get to the 8th game, you'll have to invest x128 of what you originally invested and if thats a %50 chance game, you are only going to profit 1 unit.

You'll need to invest 128 units at the 8th game to win only 1 unit.

This is the most retarded shit you are getting yourself into.

Going all in makes more sense.

You hit the cherry, mate!

The question now is, by the time you are realizing that, I mean after you lost the 7th consecutive game, do you still have the 128 units to bet? By the time you are somehow enlightened and finally go for the all in, does your capital still support you? If yes, that's good for you. You may start back to step 1.

[mindrust]

Here is a calculator:
https://www.betburger.com/surebet-calculator

With martingale every game has its own chance and they are independent from the previous results. Liverpool may win 20 times before they lose a game and you'll lose all your capital by then.

1st game:  1
2nd game: 2
3rd game: 4
4th game: 8
5th game: 16
6th game: 32
7th game: 64
8th game: 128

If you lose 7 times in a row, by the time you get to the 8th game, you'll have to invest x128 of what you originally invested and if thats a %50 chance game, you are only going to profit 1 unit.

You'll need to invest 128 units at the 8th game to win only 1 unit.

This is the most retarded shit you are getting yourself into.

Going all in makes more sense.

You hit the cherry, mate!

The question now is, by the time you are realizing that, I mean after you lost the 7th consecutive game, do you still have the 128 units to bet? By the time you are somehow enlightened and finally go for the all in, does your capital still support you? If yes, that's good for you. You may start back to step 1.

It doesn't really matter whether you have have 128 units or not at this point tbh. It becomes ridiculously retarded to wager that 128 units even if you have them.

What is going to happen if you lose again? Then you'll lose another 128 units added to your previous 127 lost units.

If you win, you only get 1.

Of course, getting 1 unit is better than losing 127 units but we play to make money remember? We don't play to minimize our losses.

[Darker45]

Here is a calculator:
https://www.betburger.com/surebet-calculator

With martingale every game has its own chance and they are independent from the previous results. Liverpool may win 20 times before they lose a game and you'll lose all your capital by then.

1st game:  1
2nd game: 2
3rd game: 4
4th game: 8
5th game: 16
6th game: 32
7th game: 64
8th game: 128

If you lose 7 times in a row, by the time you get to the 8th game, you'll have to invest x128 of what you originally invested and if thats a %50 chance game, you are only going to profit 1 unit.

You'll need to invest 128 units at the 8th game to win only 1 unit.

This is the most retarded shit you are getting yourself into.

Going all in makes more sense.

You hit the cherry, mate!

The question now is, by the time you are realizing that, I mean after you lost the 7th consecutive game, do you still have the 128 units to bet? By the time you are somehow enlightened and finally go for the all in, does your capital still support you? If yes, that's good for you. You may start back to step 1.

It doesn't really matter whether you have have 128 units or not at this point tbh. It becomes ridiculously retarded to wager that 128 units even if you have them.

What is going to happen if you lose again? Then you'll lose another 128 units added to your previous 127 lost units.

If you win, you only get 1.

Of course, getting 1 unit is better than losing 127 units but we play to make money remember? We don't play to minimize our losses.

Oh yes! Aside from the fun, it has to be about the money. Take the money away and perhaps the fun will also evaporate.

Anyway, I think Martingale remains a strategy until today because some gamblers, or perhaps a lot, would surely choose to regain all their losses in a single bet rather than little by little. Spell impatience.

The 1 unit may seem very little and certainly not worth the 128 units bet. But considering the respite after finally taking back the 127 lost units after 7 consecutive losses, that must be a little heaven. That must definitely count.  And if that fails, well, there's always a 356 bet that follows. 

[BitcoinTurk]

The system you are talking about is certainly not a gain method. When this system is used, there is only one winner, as we all would have guessed, the winner. Although this system makes sense in the process of winning, it actually causes many players to lose more money. Although there are some players who make money by chance using this method, we see that there are more players who lose when generalizing. It is also a case that this system was created to fill the pocket of the player, not to make a profit. Although it may seem logical to players, we are talking about a method that works entirely for the safe.

[aioc]

very good analysis and very clear, but still many people implement this I sometimes implement this and we have one thread here that tells us that he uses this to get rich which we doubt because he did not come back to show us proof, operators know this and they want us to do this in the hope that they can really bring down the house.

[Fredomago]

very good analysis and very clear, but still many people implement this I sometimes implement this and we have one thread here that tells us that he uses this to get rich which we doubt because he did not come back to show us proof, operators know this and they want us to do this in the hope that they can really bring down the house.

Maybe some have that luck to win some from the house but to completely bankrupt the house using this system will be next to impossible as before you can push your luck in a long run striking wins you'll suffer loses along the way, losing streak will break all your momentum and build aggressiveness inside you, making you to bet higher than the usual and lose everything after.

[Moiyah]

A good explanation and that is why I always ended up losing whenever I use Martingale strategy. There is just 30-40% chance of winning. And the moment I doubled my bet, reds are hunting me. Why not revise the strategy and just divide your bet until you get back the loses? Anyway, I've tried so many strategies but luck is only the reason why I win. And its true that the house edge always win, we have to accept that fact.

[Vaskiy]

A good explanation and that is why I always ended up losing whenever I use Martingale strategy. There is just 30-40% chance of winning. And the moment I doubled my bet, reds are hunting me. Why not revise the strategy and just divide your bet until you get back the loses? Anyway, I've tried so many strategies but luck is only the reason why I win. And its true that the house edge always win, we have to accept that fact.

These strategies never assure a win. To be successful a perfect fund managing is a must. Most of the time in dice I've the limits on roll as well spending. This way of gambling keeps me limited from loss and success at times. Finally my capital won't be getting disturbed.

Somehow house get its edge, and house gets a bigger edge when we go back getting back the lost amount instantly. This might succeed once or twice, for the same we should not continue risking.

[Botnake]

Somehow house get its edge, and house gets a bigger edge when we go back getting back the lost amount instantly. This might succeed once or twice, for the same we should not continue risking.

Obviously and the reason why martingale won't work in the long run is because casino's have the right to limit your bet, and no gambler has an unlimited bankroll. 10 losing streak is possible, and once you are on it streak and you are starting with a decent amount, you'll feel the pain in the last loss.

[MonsterV]

Well said bro, I keep wondering why people believe there is a winning strategy in gambling. This has never crossed my mind because I understand that beating the odd is absolutely impossible. It has been made to be in favor of the site. Like you said and I completely agree, take your little profit after each win and go home. Don’t ever think of double betting or recovering loses, this way you are opening doors for more loses.

I have and will always be against martingale strategy. It has never favored anyone I know and whoever came up with this strategy obviously did it to deceive gamblers because it really sucks and has led many gamblers into debts. I know of a gambler that borrowed money from his family to gamble believing that martingale system will enable him win, he lost it all completely and went into depression at the end.

Actually it is not entirely the fault of the martingale system, it is more a mistake in each of them. Many of the gamblers chase martiangle with high emotional states, especially when the first martiangle they lose, it will spur chaos and even add to the defeat.

The martingle system still works well in my opinion, only if the gambler can wisely use this system. It's useless if many systems are used but can't manage bets after losses.

Like me, I combined the parlay and martingle system and so far it's good for me. Of course I am not risking what I cannot afford to lose and I am managing all profits and losses well.

[michellee]

A good explanation and that is why I always ended up losing whenever I use Martingale strategy. There is just 30-40% chance of winning. And the moment I doubled my bet, reds are hunting me. Why not revise the strategy and just divide your bet until you get back the loses? Anyway, I've tried so many strategies but luck is only the reason why I win. And its true that the house edge always win, we have to accept that fact.

Of course, luck is the only reason we can win and no matter we modify the strategy, when we don't have luck, then we will end in a short time. Although we double the bets in many times, it doesn't give us guarantee to win, and for this, I have the experience, but if I count, I think I don't have many times to win. But if you have luck, and you are using martingale strategy or another strategy, you can win the game with ease.

[stadus]

The reason why martingale won’t work it’s because in gambling you rely mostly on luck and the longer you play the closer you’ll get to the house edge and when that happens you chances of winning is very small and no matter what strategy you use once your already close to the house edge it will not work, you’ll end up losing.

Every bet you put, you are already betting against a site with a house edge and even if the house edge is very small, that is still an edge and you have lesser chance of winning every round. The longer you play that will bring down to the possibility that you will still loss, and even if you are lucky, you will still loss int he long run as luck alone can't bring your consistency and any game as long as there is a house edge, no method would work in the long run, even martingale.

[swogerino]

The reason why martingale won’t work it’s because in gambling you rely mostly on luck and the longer you play the closer you’ll get to the house edge and when that happens you chances of winning is very small and no matter what strategy you use once your already close to the house edge it will not work, you’ll end up losing.

Every bet you put, you are already betting against a site with a house edge and even if the house edge is very small, that is still an edge and you have lesser chance of winning every round. The longer you play that will bring down to the possibility that you will still loss, and even if you are lucky, you will still loss int he long run as luck alone can't bring your consistency and any game as long as there is a house edge, no method would work in the long run, even martingale.

People here are talking about doubling your bet everytime you lose as that is what Martingale is all about but for this you need an almost infinite bankroll and you will only win the double of your initial bet.Risking all your money with this strategy is not worthy and it doesn't work at all.