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

[nutildah]

When I made my own Martingale script for dice I just added 10% after each losing bet instead of 100%, which makes your bankroll last much longer, but the end result is the same: eventually the house edge will get you and slowly take everything from you. Nevertheless, winning streaks feel fun, and make you feel like you're doing something right.

I suppose the best strategy is to only place 1 bet, and that's it. If you win, great! You double your money. If you lose, well that sucks, but you have to quit right there and then, not chasing the loss. Of course its not very much fun, but it is technically the best strategy when engaging in anything with a rigid house edge.

[bitgolden]

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.

It might sound funny but it’s very true, this is what I think because I can’t imagine a situation where a game defies all strategies, if strategies don’t work, then what does because this is a big question that needs urgent answers. Winning is has now become even  more difficult, this is no longer a matter of abusing the win,  maybe it’s only happening to me alone but this game has really been frustrating.

For now, I think the best we can do is to accept gambling as a game of entertainment, then focus on having fun rather than hoping on making profit that never works. Maybe gambling was indeed never meant for profit making, if it were I believe the odds will be fair to both parties rather than on the side of the site alone.

[dany1980]

Hi,

i wrote a js multiprocess calculator for martingale, where you can test your strategies.
It's not yet documente well, but you can try with.. and finally understand that you need to risk a big capital to win.

strategy=1, (0 1 or 2)
min_losses=1 (if you put 4, it will wait 4 losses in a raw before to play martingale),
tot rolls at 1 million, 
then set odds/increase as you like (there is another calculator on the website to find the minimum incr to martingale on different odds)
cunk size put at max 20000, it's the size of the chunk executed by a single process...

https://www.bitso.me/hi-lo-calc.php

hope you enjoy

[Kong Hey Pakboy]

Martingale sucks if your odds in the game that you are playing is really low no matter where you put your bet on but if it has a mixed one then it doesn't really suck that bad. I think that it is a shitty strategy but I think that I can't speak for everyone since it works for other people.

[Twentyonepaylots]

A rookie mistake is thinking that the Martingale strategy is meant to help you win more games, which it really isn't. It's just there to offer you higher recovery chances by always doubling down on your losses next turn. This of course is a user-case basis and if you think you wouldn't be able to afford committing to the Martingale strategy, then you probably really can't. That's just it.

[plr]

Martingale sucks if your odds in the game that you are playing is really low no matter where you put your bet on but if it has a mixed one then it doesn't really suck that bad. I think that it is a shitty strategy but I think that I can't speak for everyone since it works for other people.

It works for others who can keep up doubling their bet up to twenty bets, but if you have a big bankroll you will be tempted to triple your bets, martingale is an unpredictable strategy, if you are going to try it be sure you have a big bankroll and you stick your strategy, you'll get bored but one mistake can wipe out everything.

[Lorence.xD]

A rookie mistake is thinking that the Martingale strategy is meant to help you win more games, which it really isn't. It's just there to offer you higher recovery chances by always doubling down on your losses next turn. This of course is a user-case basis and if you think you wouldn't be able to afford committing to the Martingale strategy, then you probably really can't. That's just it.

Not a lot of people knows that they think that it is a way to win against the house. For me, you can only do this effectively if you have the money to go on for long because you are going to incur a lot of losses in this strategy but the payout will be good if you hit the win because you will be able to take some wins and get a break even.

[Mauser]

A rookie mistake is thinking that the Martingale strategy is meant to help you win more games, which it really isn't. It's just there to offer you higher recovery chances by always doubling down on your losses next turn. This of course is a user-case basis and if you think you wouldn't be able to afford committing to the Martingale strategy, then you probably really can't. That's just it.

Not a lot of people knows that they think that it is a way to win against the house. For me, you can only do this effectively if you have the money to go on for long because you are going to incur a lot of losses in this strategy but the payout will be good if you hit the win because you will be able to take some wins and get a break even.

The martingale system is here to help us control our bets. If we follow the fixed set of rules our strategy will make us win in the long run. We know that to recover all our previous losses all we need is to win one time. Also the chances to lose our money is much smaller. When doing a coin flip we face 50/50 chances, but if we keep doing it for 10 games in a row the chances are much smaller. The big problem for many with the strategy is that they don't have enough bankroll to start with and use to large initial bets.

[Kong Hey Pakboy]

Martingale sucks if your odds in the game that you are playing is really low no matter where you put your bet on but if it has a mixed one then it doesn't really suck that bad. I think that it is a shitty strategy but I think that I can't speak for everyone since it works for other people.

It works for others who can keep up doubling their bet up to twenty bets, but if you have a big bankroll you will be tempted to triple your bets, martingale is an unpredictable strategy, if you are going to try it be sure you have a big bankroll and you stick your strategy, you'll get bored but one mistake can wipe out everything.

Yeah, I forgot that you also should have a big bankroll which defeats the purpose of gambling for fun because you are putting a lot of funds. Martingale makes you gamble because you need to make money and not to have fun.

[Sportssmartbetting]

After my experience, the martingale money management strategy is one of the most dangerous ways of staking. It assumes that after at least 10-11 bets (depending on your bankroll) you will have a winner bet.
I've been value betting for years and I can say that even with the best smart betting strategy you can have a streak of even 13-14 lost bets. Don't ask me how is it possible   but I experienced that.
A more soft way of using martingale probably can help you in decreasing the loss by doubling only every second bet when you lose...but even that can be dangerous.

For those who are searching for a more viable staking strategy, I would suggest a not-so-greedy way of making money. Even using flat stakes can have a less bad effect than martingale.
After my experience, one of the best money management strategies is variable staking (every time the same amount of percentage of your balance). If you are interested have a look at the following simulations I made with different betting strategies focusing on value betting
You might also find useful the following articles about:
Crypto bookmakers and the best crypto bookmakers

[iv4n]

Well, I will just repeat what I always say... it's not martingale that fucks you up, it's greediness!

A little example... you can open any crypto site that has a 0.00000001 min bet! That 0.00000001 can be in TRX for example, or you can take any cheap alt that is accepted in your favorite casino! But let's focus on TRX in this example! So $10 = 72 TRX (in the moment of writing)! With a 0.00000001 TRX base bet you can try a lot of strategies, and most of them will probably work, but the profit after all day rolling will be minimal probably (if you wish to be safe all the time)! If you start from this base bet, and you double every next bet, your 31st bet will be 21.47 TRX! So at x2, even the 31st bet (after 30 lost rolls) will bring you minimal profit!

After all, it's about patience I think! You can play "safe" strategies with some bankroll, but profit will be minimal! With patience and a lot of control, I believe it's possible to build a nice bankroll! But at the moment when greediness takes its moment, and we rise base bet because the profit we make is too small, it's the moment when we leave safe play and enter the high risking gambling! And in that moment's anything can happen! We can win big, but we need to be aware that we can lose big too!

[Fredomago]

Well, I will just repeat what I always say... it's not martingale that fucks you up, it's greediness!

A little example... you can open any crypto site that has a 0.00000001 min bet! That 0.00000001 can be in TRX for example, or you can take any cheap alt that is accepted in your favorite casino! But let's focus on TRX in this example! So $10 = 72 TRX (in the moment of writing)! With a 0.00000001 TRX base bet you can try a lot of strategies, and most of them will probably work, but the profit after all day rolling will be minimal probably (if you wish to be safe all the time)! If you start from this base bet, and you double every next bet, your 31st bet will be 21.47 TRX! So at x2, even the 31st bet (after 30 lost rolls) will bring you minimal profit!

After all, it's about patience I think! You can play "safe" strategies with some bankroll, but profit will be minimal! With patience and a lot of control, I believe it's possible to build a nice bankroll! But at the moment when greediness takes its moment, and we rise base bet because the profit we make is too small, it's the moment when we leave safe play and enter the high risking gambling! And in that moment's anything can happen! We can win big, but we need to be aware that we can lose big too!

Satisfaction and moving away from greediness will allow you to win some using this strategy, base from your perspectives using low value coin to set your strategy, the possibilities is always there for you. But once greed overtake your mindset there the problem will start, having a lots of losing streak will place you in the middle of frear and agressions.

Either you go all in or you'll change your system, if luck permits you the you are good to go but if ain't there to rescue you, then expect
losing your bankroll.

[lienfaye]

A rookie mistake is thinking that the Martingale strategy is meant to help you win more games, which it really isn't. It's just there to offer you higher recovery chances by always doubling down on your losses next turn. This of course is a user-case basis and if you think you wouldn't be able to afford committing to the Martingale strategy, then you probably really can't. That's just it.

I agree. Many gamblers think martingale strategy is the fastest way to recover the losses by doubling your stake but its not really the case.

Doubling your stake can also means of more losses if you're not lucky enough to win. Its a risky strategy with no assurance, thus its not advisable if you lose and looking for effective strategy. Unless if you're prepared for possible further losses and has a money to use for this strategy.

[Mahanton]

A rookie mistake is thinking that the Martingale strategy is meant to help you win more games, which it really isn't. It's just there to offer you higher recovery chances by always doubling down on your losses next turn. This of course is a user-case basis and if you think you wouldn't be able to afford committing to the Martingale strategy, then you probably really can't. That's just it.

I agree. Many gamblers think martingale strategy is the fastest way to recover the losses by doubling your stake but its not really the case.

Doubling your stake can also means of more losses if you're not lucky enough to win. Its a risky strategy with no assurance, thus its not advisable if you lose and looking for effective strategy. Unless if you're prepared for possible further losses and has a money to use for this strategy.

One of the most common mistake impression towards martingale and other strategies that do exist online towards gambling where people do really believe that strategies that do work
does really exist which isnt really a wrong mindset to have because this will just spark out your greediness which would really result into loss of money since you would really be pushing
off your luck on winning a particular game and talking about martingale then several losing streaks will surely fucked up your entire balance in a blink of an eye.
Therefore its better not to take it seriously nor believe that there's a working strategy in gambling.

[famososMuertos]

...//...:

I must say it is the worst approach or analysis of Martigale's strategy. Horrible!

It is that you do not have the most absolute idea of the context that you should have had and you mix realities with lies and you manage to finish confusing several that add to your wrong point of view.

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

You can have opinions, but there are unobjectionable truths, it is what the mathematics is for, in fact there is a mathematical foundation behind this strategy, very simple but you should read it.

The first thing you can find there is that you need a bankroll adequate to the size of the bet you make and recommends a finite bankroll to never lose, but as such thing  does not exist, it requires that you analyze the variables involved well.

For example, the type of game to which the technique is going to be applied and of course the minimum payment of 2x.

Is important know what in the long term does not serve less than that, I have seen people here applying Martingale to sports betting without looking at the odds, it may be that this applying a personal technique but never Martingale.

On the other hand, you cannot use $ 1 bets if you have a bankroll of $ 100 in any game and neither will any strategy work for you, at least of course you want to have fun, spend some leisure time, etc. It does not work, if he wins, it is a matter of the recreational player who is only interested in having fun.

The non-recreational player who wants to put luck aside, has a correct bankroll management and takes risk according to his experience.

Inform yourself, study your game, analyze your losses, there are many players who come every day to play and never sit down to analyze what type of bets they use, how long they play, how many spins they make daily and a great infinity of statistics that usually with some time one learns to handle them systematically.

The good player does not end his game because he is on a bad streak or retires on a positive streak for fear of losing what he has won, but because it is time.

Become an intelligent player, being a winner requires effort, you have to study, analyze and understand the game and after that comes the skills or do something different, not just leave it to a strategy and if the strategy does not work then we mistakenly blame the strategy.

Please!! Tomorrow is a new good day to play; repeat it everyday.

Save your bankroll, we are in the crypto world and you have up to 8 decimal places to place a bet.

[Oilacris]

Using martingale is the best way on busting up your balance but there are still lots of people been using this common strategy specially on dice where doubling your bet or stake when in loss.

Honestly this is really making the situation even more worst because you cant know on how long the losing streak would be and it will also depend on how big your bankroll is or capital.

If it could able to handle a long losing streak or not but if not then you would be having  a hard time on making recovery so i dont see for it to be worth.

[paxmao]

This is betting 101. It is not only people recommending martigale out there, it is also that they tend to mix it with other betting systems that are probably as useless - to put it softly - as this one. Doubling the bet does not work in math, does not work in practice and anyone who still holds a doubt about it should play some simulations with monopoly money. As said in the post, not even without betting limits is there any merit on it.

The issue is that is seems kind of intuitive to double the betting and that is why someone might be convinced.

[Sportssmartbetting]

This is betting 101. It is not only people recommending martigale out there, it is also that they tend to mix it with other betting systems that are probably as useless - to put it softly - as this one. Doubling the bet does not work in math, does not work in practice and anyone who still holds a doubt about it should play some simulations with monopoly money. As said in the post, not even without betting limits is there any merit on it.

The issue is that is seems kind of intuitive to double the betting and that is why someone might be convinced.

Let them be smarter than you. It's their problem if they are using martingale or not.

Mathematically speaking...yea...probably you won't have a streak of 15-17 bets..but for being able to use martingale long enough your first bets in the line should be very small...

On the other hand in sports betting is useless...bookmakers are not allowing you to place stakes big enough when you are at a stage of 8-10 bet lost...you will reach the max limits or they will limit you first for forcing those bets.

In poker, slots ...blackjack...I have no idea, but in sports betting is not a sustainable staking strategy.

[acener]

Martingale Strat is bad for me because I only have small capital so it could only loss for a couple of rounds.
I also think that it is just a strat that would surely burn your money in the long run.
I don't know but I think it is only for those who really have a huge capital but still really risky at all because we don't know how many consecutive loss you would get.
I mean it does feel that it is rigged sometimes because of the consecutive loss that you would get while playing with almost 50/50 chance right.

[milewilda]

Martingale Strat is bad for me because I only have small capital so it could only loss for a couple of rounds.
I also think that it is just a strat that would surely burn your money in the long run.
I don't know but I think it is only for those who really have a huge capital but still really risky at all because we don't know how many consecutive loss you would get.
I mean it does feel that it is rigged sometimes because of the consecutive loss that you would get while playing with almost 50/50 chance right.

When you do have small capital in gambling then i dont see for using martingale would be recommendable because as said that with few losses then you entire balance would suffer.
Better to play with manual and enjoy those small capital you do have rather than go with automation which it would only be busting up with few bets.
Martingale strategy isnt really bad to use on but the issue here is on the gambler itself on how well he would able to handle himself on allocating his finances.
Its up to someone if he would really be enjoying it or rather chase up for profits.