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

[perfect999]

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.

The real trouble with doubling your bet each time is that your losses are growing exponentially and a starting bet of 1 satoshi, having 10 losses in a row can bring you down by 1000 satoshi and imagine the number if you start with 1k satoshi itself.

So your wins are small as you reset every time on win, basically, you are going to win 1 satoshi each time at best and if you lose, you are going to lose big because each time you lose, you are doubling your money.

I have applied martingale multiple times and multiple variant of it by betting on 90% and increasing the bet by 10x or betting at 66.66% and tripling my bet but honestly nothing works because again wins are small but losses grow exponentially.

[Woodie]

Sometimes martingale works for odd numbers,having the right bank roll and choosing the right games. Because if we all claimed it was that bad people would have stopped talking about it way back ,but instead everyday we see a new betting strategy, somewhere in there some one will mention martingale, besides there is the right way and wrong way of using this strategy.

[passwordnow]

Sometimes martingale works for odd numbers,having the right bank roll and choosing the right games. Because if we all claimed it was that bad people would have stopped talking about it way back ,but instead everyday we see a new betting strategy, somewhere in there some one will mention martingale, besides there is the right way and wrong way of using this strategy.

That is why I've stopped talking about it when someone asks for strategies to such games where it is applicable. Because in my own experience, it didn't worked for me.
But there are other gamblers and they are quite few these days that are still using this strategy because it's working for them. Working for a very few and some but it doesn't for many including me.

[darewaller]

Sometimes martingale works for odd numbers,having the right bank roll and choosing the right games. Because if we all claimed it was that bad people would have stopped talking about it way back ,but instead everyday we see a new betting strategy, somewhere in there some one will mention martingale, besides there is the right way and wrong way of using this strategy.

No matter which game you chose and whether it is martingale on odd/even numbers or under/over a particular number. As long as the house has an edge you are going to lose in the long run. Actually, even if we keep aside the house edge I think one would still lose with such strategy because the casino house will have the bigger wallet and will easily beat us unless we get extremely lucky and don't get a bad streak making a million rolls.

Strategies people make whether it is martingale or any other are just different ways of wagering money and when you wager money against a house edge you will always have the upper hand. If any single strategy was working, all the casinos would have been cleaned up until now and more importantly, maths wouldn't be a subject anymore.

[lixer]

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.

I don't think martingale is that bad but it is just not meant for big wins. Whenever I deposit and play I can easily win 5% of my bankroll via martingale and I know it can fail at times, but if you are aiming to double your money through martingale it will almost never work.

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.

No matter how big your bankroll is but the house has even bigger bankroll and remember the smaller fishes is eaten alive by the bigger fish and it get's bigger.

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.

Recovery through martingale can clean your bankroll entirely so yeah I wouldn't advise chasing your wins by using martingale strategy if at all chase your loss in the first place.

[KTChampions]

I don't understand what can be discussed here again, Martingale does not work (like any strategy in a casino). This strategy is good only for creating some kind of illusion (given the fact that you start the game with micro stakes, you will be in profit, albeit small, but for quite a long time) that you can beat the casino.

[Fatunad]

I don't understand what can be discussed here again, Martingale does not work (like any strategy in a casino). This strategy is good only for creating some kind of illusion (given the fact that you start the game with micro stakes, you will be in profit, albeit small, but for quite a long time) that you can beat the casino.

Which is an impossible thing to happen thinking off about beating of a casino because it wont really happen and to think off that gambling business wont really exist in the first place if there are
really working strategies.People doesnt really get tired into searching into strategies which they thought that it could really happen but its not and for those who do push through then
they do make out realizations when they are already facing the reality of losing too much money on pushing into something to work which it doesnt happen if you arent lucky enough.

[uneng]

I don't understand what can be discussed here again, Martingale does not work (like any strategy in a casino). This strategy is good only for creating some kind of illusion (given the fact that you start the game with micro stakes, you will be in profit, albeit small, but for quite a long time) that you can beat the casino.

Although it doesn't work on long run I don't know any better strategy that could be used to maximize the time a gambler spends playing games like dice. I've already tried an another one called Parlay too, but it was much worse than Martingale. I think when it comes to strategy gamblers don't have much to do besides playing Martingale variances.
The truth is that the goal of these strategies isn't to give the gamblers a guaranteed profit after a session of gambling, but to let them play for the longest time as possible without going bankrupt.

[janggernaut]

I don't understand what can be discussed here again, Martingale does not work (like any strategy in a casino). This strategy is good only for creating some kind of illusion (given the fact that you start the game with micro stakes, you will be in profit, albeit small, but for quite a long time) that you can beat the casino.

OP didn't disscuss about martingale actually if you really read what he wrote on here. This thread also has been almost 2 years old, so it's basically didn't worth to disscuss anymore. He just shared his thought about how the calculation from martingale strategy. Martingale indeed won't work in long run, but it's also can make you profit if you are lucky.

[Kittygalore]

Martingale system is believing that the odds in your favor when in reality it isn't and you still ignore that fact because you believe that you are going to hit the win anytime soon, you just need to double down every time you lose. This is a strategy that is made by people that owns a gambling business.

[madnessteat]

Sometimes martingale works for odd numbers,having the right bank roll and choosing the right games. Because if we all claimed it was that bad people would have stopped talking about it way back ,but instead everyday we see a new betting strategy, somewhere in there some one will mention martingale, besides there is the right way and wrong way of using this strategy.

The standard Martingale strategy links the previous and the next step in the game, but in fact they are not linked by any mathematical or probability characteristics. The probability that every time you flip a coin, the same side will come up is 1/2. Therefore it is impossible to exclude the possibility of n number of one side falling out. Since the player's bankroll is finite, he will lose sooner or later.

[KTChampions]

I don't understand what can be discussed here again, Martingale does not work (like any strategy in a casino). This strategy is good only for creating some kind of illusion (given the fact that you start the game with micro stakes, you will be in profit, albeit small, but for quite a long time) that you can beat the casino.

Although it doesn't work on long run I don't know any better strategy that could be used to maximize the time a gambler spends playing games like dice. I've already tried an another one called Parlay too, but it was much worse than Martingale. I think when it comes to strategy gamblers don't have much to do besides playing Martingale variances.
The truth is that the goal of these strategies isn't to give the gamblers a guaranteed profit after a session of gambling, but to let them play for the longest time as possible without going bankrupt.

But Martingale is a strategy that quickly leads to a loss, to increase the game time, you just need to use money management, and regardless of the chosen strategy, your game time will be quite long.

OP didn't disscuss about martingale actually if you really read what he wrote on here. This thread also has been almost 2 years old, so it's basically didn't worth to disscuss anymore. He just shared his thought about how the calculation from martingale strategy. Martingale indeed won't work in long run, but it's also can make you profit if you are lucky.

I immediately drew attention to the date the topic was created and after that I read the discussion a little and as you understand, I was a little annoyed by raising this topic from the depths of the forum, so my post turned out to be so edgy.

[Sanitough]

Sometimes martingale works for odd numbers,having the right bank roll and choosing the right games. Because if we all claimed it was that bad people would have stopped talking about it way back ,but instead everyday we see a new betting strategy, somewhere in there some one will mention martingale, besides there is the right way and wrong way of using this strategy.

The standard Martingale strategy links the previous and the next step in the game, but in fact they are not linked by any mathematical or probability characteristics. The probability that every time you flip a coin, the same side will come up is 1/2. Therefore it is impossible to exclude the possibility of n number of one side falling out. Since the player's bankroll is finite, he will lose sooner or later.

It's a risky strategy and I don't use this for my bankroll management, it's teaching us to be greedy and there's no fixed strategy in gambling that could give us a consistent win, we have to adjust and I would still prefer very conservative bankroll management than this kind of approach.

most of the comments I read about this system are negative, so it should not be encouraged, especially to the newbies in gambling.

[mu_enrico]

Only a newbie use this martingale strategy. It won't give you big win, but only small win with a higher risk of busted.
Let's say you have $100 bankroll, $0.1 starting bet, and use martingale. It only needs $0.1, $0.2, $0.4, $0.8, $1.6, $3.2, $6.4, $12.8, $25.6 -> nine times until you wager half of your balance. And all of these only to get +$0.1

Use reverse martingale instead, so if you get nine consecutive wins, you will get +$51.1 (not sure if my math is correct, but you should get the idea). You can also get out at five, six, seven, etc. consecutive wins.

[romero121]

Only a newbie use this martingale strategy. It won't give you big win, but only small win with a higher risk of busted.
Let's say you have $100 bankroll, $0.1 starting bet, and use martingale. It only needs $0.1, $0.2, $0.4, $0.8, $1.6, $3.2, $6.4, $12.8, $25.6 -> nine times until you wager half of your balance. And all of these only to get +$0.1

Use reverse martingale instead, so if you get nine consecutive wins, you will get +$51.1 (not sure if my math is correct, but you should get the idea). You can also get out at five, six, seven, etc. consecutive wins.

This is a true statement. Quite often I used to try this strategy even after losing big, because at times it has helped in increasing the wallet balance. However the martingale is meant for gamblers who have the ability to spend unlimited fund on gambling. Even today lost all my month's bonus using this strategy.

[Poker Player]

I have also explained in several posts why martingale sucks. There is always someone who thinks they have found a good system, which after all is a variant of martingale. They are systems that do not work, as no strategy works against the casino, because they are EV-games. If you play casino games, do it to pass the time and knowing that the potential return is negative. If you then get lucky in the short term, that's what you get.

[Smartprofit]

I have also explained in several posts why martingale sucks. There is always someone who thinks they have found a good system, which after all is a variant of martingale. They are systems that do not work, as no strategy works against the casino, because they are EV-games. If you play casino games, do it to pass the time and knowing that the potential return is negative. If you then get lucky in the short term, that's what you get.

The Martingale game strategy works only in theory.

I read a detective novel about Russian detective Erast Fandorin.  One of the main characters in this novel is a top-class assassin.  In his spare time, he played in Swiss casinos using the Martingale gaming strategy.  This killer possessed incredible self-control and composure, so the use of this strategy always brought him a win. 

However, this only happens in fiction novels.  In practice, it is impossible to beat the casino. 

The most realistic strategy is playing on the side of the casino against another large and solvent player.  Because the casino always wins.

[carlfebz2]

Martingale is a common strategy on where most people been using, not only into those noobs who do believe on it but also into older players as well.

Even myself is been using martingale when dicing or other games which this strategy can be applied.Thing here is that you shouldnt really expect about profits because
dealing with these type of games cant really ensure your profitability.

Strategy are only good for prolonging the game and not on winning the game and this you should have in mind.

[BITCOIN4X]

The martingale strategy suck because in the end there is nothing they can win with this strategy in the long run. While many of us believe that all of those strategies are ultimately unprofitable within that time frame, martingale will probably be a strategy experienced gamblers will avoid. I ignored this strategy after I realized it wouldn't do me much good in the long run.

[Fredomago]

The martingale strategy suck because in the end there is nothing they can win with this strategy in the long run.

Using it in a longer timespan surely endangered your bankroll, knowing that HE is always against you, then losing streak are  unpredicted.

While many of us believe that all of those strategies are ultimately unprofitable within that time frame, martingale will probably be a strategy experienced gamblers will avoid.

There are some experienced gamblers who understand the risk and still capable of working on it by simply alterring this system, those who are good in timing and capable to quit once they are already gained certain targets.

I ignored this strategy after I realized it wouldn't do me much good in the long run.

If you it that way, it's wise to move away or not to use it out, you can always build your own one that will make you more comfortable
playing around.