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

[just_Alice]

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.

Some gamblers are saying "If I had an infinite bankroll, I'd be always winning with martingale", but in reality, even infinite bankroll wouldn't save you in the long run. All gambling sites and, I think, all land-based casinos have a limit on the max win. So, at one point your infinite bankroll can become useless because you won't be allowed to make that bet.

[dunfida]

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.

Some gamblers are saying "If I had an infinite bankroll, I'd be always winning with martingale", but in reality, even infinite bankroll wouldn't save you in the long run. All gambling sites and, I think, all land-based casinos have a limit on the max win. So, at one point your infinite bankroll can become useless because you won't be allowed to make that bet.

Infinite bankroll does only exist on dreams and not in reality and this is where people does set out that wrong mindset and when they make use of this strategy then most of the time they do bust out.
No matter how big  your bankroll is and when the time comes that long losing streak strikes then for sure those balance of yours would really be wiped out in an instant.
Martingale doesnt sucks because it is just only a strategy, it is only to the person who had been using which those having that false belief about easy
money with martingale.

[DoublerHunter]

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.

Some gamblers are saying "If I had an infinite bankroll, I'd be always winning with martingale", but in reality, even infinite bankroll wouldn't save you in the long run. All gambling sites and, I think, all land-based casinos have a limit on the max win. So, at one point your infinite bankroll can become useless because you won't be allowed to make that bet.

^ Probably but the bad thing about people is that they interpret things wrong. Martingale's method or strategy was not created to win, it is not a hack that people expect it to be. This won’t make you the richest man alive in gambling. It is only a simple method that is being used by gamblers and that is basically it. It is only the way previous gamblers think, consequences and risk have been set up properly as well so I don’t think people will expect a return from doing it or not try it at all. This has been a cause for other people to go broke during the days so it means that it has to be used appropriately.

[johhnyUA]

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.

Martingale is not appropriated for this case. It's depends too much on probability. You can lose 1000 times in a row, and your bankroll will be empty so you can't continue. Good players trying to not depend on luck and probability, rather on skill and calculations. And they don't play dice or slots, yes. 

[Fatunad]

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.

Martingale is not appropriated for this case. It's depends too much on probability. You can lose 1000 times in a row, and your bankroll will be empty so you can't continue. Good players trying to not depend on luck and probability, rather on skill and calculations. And they don't play dice or slots, yes. 

Even if you do make use of Dogecoin and having a base bet of 10 or whatever the minimum then i do believe that even hitting 20 or 30x losing streak would blown out your account.
Just like what other members been saying above that it isnt bad to make use of martingale if you do just know on when to stop when you are already in gain
because several lost will really be doubling and when you won then you do only get a small portion of profit and repeat the same process
but i dont see for it to be worth.

[tabas]

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

There's no way to win the entire game as in defeating it. We may win some with the use of it but that's not the end of it. There will be another rounds, there will be another days that we're going to play and it's acceptable based on our experiences that it's not always the lucky day for us with this and other strategies.

[johhnyUA]

Even if you do make use of Dogecoin and having a base bet of 10 or whatever the minimum then i do believe that even hitting 20 or 30x losing streak would blown out your account.

To hit x20-x30 you need to bet with probability of winning, i suppose, like 0.1 %. With such prob you will run out of your money much faster than will hit jackpot. Sad but true. 

Just like what other members been saying above that it isnt bad to make use of martingale if you do just know on when to stop when you are already in gain

And what will be if you will run out of your funds BEFORE you bet with success? Eh?

because several lost will really be doubling and when you won then you do only get a small portion of profit and repeat the same process
but i dont see for it to be worth.

It's impossible to do. With martingale on a long term you will don't have any profit.

[just_Alice]

Some gamblers are saying "If I had an infinite bankroll, I'd be always winning with martingale", but in reality, even infinite bankroll wouldn't save you in the long run. All gambling sites and, I think, all land-based casinos have a limit on the max win. So, at one point your infinite bankroll can become useless because you won't be allowed to make that bet.

No matter how big  your bankroll is and when the time comes that long losing streak strikes then for sure those balance of yours would really be wiped out in an instant.

I think the majority of gamblers know that because of bad luck a losing streak can last longer than expected and their balance can be wiped out. But I'm talking about this feeling "if I had enough money for just 2 more bets, I would survive". They even try to borrow money for those 2 bets, in the chat or else(although borrowing money for putting it at risk right away is the worst thing you can do). This myth about the almighty power of infinite bankroll was created by such gamblers(I used to believe it too in the past). But because of the limit on the max profit, they can't bet infinitely, and I think it is very important to understand that martingale wouldn't work even with the infinite bankroll.

[acquafredda]

If one is looking for a way to mathematically lose everything on the long run, then the Martingale Strategy is the way to go. You are guaranteed that given any house edge, eventually, you will lose all your starting bankroll.
You may better be betting everything on a single bet rather than waiting 10 million times to end up loseing everything you have anyway.

[Fortify]

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.

Some gamblers are saying "If I had an infinite bankroll, I'd be always winning with martingale", but in reality, even infinite bankroll wouldn't save you in the long run. All gambling sites and, I think, all land-based casinos have a limit on the max win. So, at one point your infinite bankroll can become useless because you won't be allowed to make that bet.

Infinite bankroll does only exist on dreams and not in reality and this is where people does set out that wrong mindset and when they make use of this strategy then most of the time they do bust out.
No matter how big  your bankroll is and when the time comes that long losing streak strikes then for sure those balance of yours would really be wiped out in an instant.
Martingale doesnt sucks because it is just only a strategy, it is only to the person who had been using which those having that false belief about easy
money with martingale.

The trouble with the martingale and probably the reason it has persisted so long, is it gives gamblers a "crutch" they can lean on to explain why they are losing. They are losing because they fail to understand the mathematical probabilities and that the outcome of the game is totally disassociated with any previous outcome. Believers of the martingale system can always hide behind the excuse "well you didn't bet big enough" because that is the complete end game in the luckiest of situations. If you randomly stringed together a bunch of wins to make a sizable amount and lost it all on the next bet, you simply don't have enough to double up again. It plays into many gamblers fallacies and it is in the interest of gambling institutions to propagate this myth, so beware of anyone selling this idea.

[KTChampions]

I think the majority of gamblers know that because of bad luck a losing streak can last longer than expected and their balance can be wiped out. But I'm talking about this feeling "if I had enough money for just 2 more bets, I would survive". They even try to borrow money for those 2 bets, in the chat or else(although borrowing money for putting it at risk right away is the worst thing you can do). This myth about the almighty power of infinite bankroll was created by such gamblers(I used to believe it too in the past). But because of the limit on the max profit, they can't bet infinitely, and I think it is very important to understand that martingale wouldn't work even with the infinite bankroll.

If we argue in complete isolation from reality - mathematically  , then it is obvious that Martingale is a profitable strategy, but even with super-fast execution of bets, the profit relative to the used bankroll will be equal to zero and will always lose to other ways of earning, even such conservative ones as a bank deposit.

[FatFork]

Even if you do make use of Dogecoin and having a base bet of 10 or whatever the minimum then i do believe that even hitting 20 or 30x losing streak would blown out your account.

To hit x20-x30 you need to bet with probability of winning, i suppose, like 0.1 %. With such prob you will run out of your money much faster than will hit jackpot. Sad but true.  

Clearly that's not what he meant.
Fatunad said "20 or 30x losing streak". In this case, losing streaks refers to the martingale strategy with about 50% chance of winning (or x2 multiplier).

[johhnyUA]

Fatunad said "20 or 30x losing streak". In this case, losing streaks refers to the martingale strategy with almost 50% chance of winning.

Yep, my bad. But whatever, this doesn't change too much. 30x losing streak will empty your pocket as well as 1000x . Especially if we are talking about martingale, where mathematically we have a sum of geometric progression, with "q" as 2. If we starts from 1 dollar, 30x lost strikes will result in 1073741823 dollars lost. Nice?

So this doesn't make sense to talk about "oh, i will lose 30 bets and when with 50 % prob will get my money back"

[FatFork]

Fatunad said "20 or 30x losing streak". In this case, losing streaks refers to the martingale strategy with almost 50% chance of winning.

Yep, my bad. But whatever, this doesn't change too much. 30x losing streak will empty your pocket as well as 1000x . Especially if we are talking about martingale, where mathematically we have a sum of geometric progression, with "q" as 2. If we starts from 1 dollar, 30x lost strikes will result in 1073741823 dollars lost. Nice?

So this doesn't make sense to talk about "oh, i will lose 30 bets and when with 50 % prob will get my money back"

Yes, I totally agree. Hence the title of this topic: "Why the martingale system sucks!" 

[tabas]

If one is looking for a way to mathematically lose everything on the long run, then the Martingale Strategy is the way to go. You are guaranteed that given any house edge, eventually, you will lose all your starting bankroll.
You may better be betting everything on a single bet rather than waiting 10 million times to end up loseing everything you have anyway.

Hehe. This is for real. The strategy itself will make those first timers to realize that it's really a way to lose everything they got. If they win for the first few tries then congratulations to them. But as said, if they continue and do it in the long run, they'll definitely lose entirely their bankroll.

[Ryker1]

If one is looking for a way to mathematically lose everything on the long run, then the Martingale Strategy is the way to go. You are guaranteed that given any house edge, eventually, you will lose all your starting bankroll.
You may better be betting everything on a single bet rather than waiting 10 million times to end up loseing everything you have anyway.

Well, that is exactly what on my mind.
It has been said many times already, but martingale is only for those who have their gambling experience and expertise on the line. Martingale's method is effective when it comes to the efficiency of recovery, but never to newbies that only try to play and want to have fun. This method is only for those who stay or who can stay in gambling for a long period of time. Not for those who can’t even afford to have their bets put at higher risks. So the bottom line is, it sucks, and it's good depending on what type of gambler you are.

[DoublerHunter]

If one is looking for a way to mathematically lose everything on the long run, then the Martingale Strategy is the way to go. You are guaranteed that given any house edge, eventually, you will lose all your starting bankroll.
You may better be betting everything on a single bet rather than waiting 10 million times to end up loseing everything you have anyway.

Hehe. This is for real. The strategy itself will make those first timers to realize that it's really a way to lose everything they got. If they win for the first few tries then congratulations to them. But as said, if they continue and do it in the long run, they'll definitely lose entirely their bankroll.

^ Probably but Martingale's strategy has been created not to become a winning strategy, that is true. This method does not apply anywhere and is depending on what situation you are currently in. It will only be effective when you knew that you are already losing often now and you want to recover quicker than you used to be. Most of the gamblers use this method not even knowing that this has a name. And this is effective if you have your bank secured. Nevertheless, I won’t recommend this if you only gamble for fun and trying out games.

[johhnyUA]

Yes, I totally agree. Hence the title of this topic: "Why the martingale system sucks!" 

It's funny, but many people (especially here) can't get this obvious fact.

^ Probably but Martingale's strategy has been created not to become a winning strategy, that is true. This method does not apply anywhere and is depending on what situation you are currently in. It will only be effective when you knew that you are already losing often now and you want to recover quicker than you used to be. Most of the gamblers use this method not even knowing that this has a name. And this is effective if you have your bank secured. Nevertheless, I won’t recommend this if you only gamble for fun and trying out games.

Whaaaaat?
The most epic nonsense post from all what I've seen by this week.

1. What sense in such strategy if it's not about "winning"?
2. How mathematical probability depends on "what situation you're currently in"? If I'm in bad situation, then Martingale will better fit for me or not? 
3. "recover quicker" but wasting all your money with Martingale? Martingale isn't working so I doubt that you can recover even small amount of funds with it.
4. Most gamblers don't use this method. So they no need to know how it called.
5. I won't recommend it in any case if you don't want just to waste all your money in few spins.

[tabas]

If one is looking for a way to mathematically lose everything on the long run, then the Martingale Strategy is the way to go. You are guaranteed that given any house edge, eventually, you will lose all your starting bankroll.
You may better be betting everything on a single bet rather than waiting 10 million times to end up loseing everything you have anyway.

Hehe. This is for real. The strategy itself will make those first timers to realize that it's really a way to lose everything they got. If they win for the first few tries then congratulations to them. But as said, if they continue and do it in the long run, they'll definitely lose entirely their bankroll.

^ Probably but Martingale's strategy has been created not to become a winning strategy, that is true. This method does not apply anywhere and is depending on what situation you are currently in. It will only be effective when you knew that you are already losing often now and you want to recover quicker than you used to be. Most of the gamblers use this method not even knowing that this has a name. And this is effective if you have your bank secured. Nevertheless, I won’t recommend this if you only gamble for fun and trying out games.

Yes, it's effectiveness will depend on the person that uses the strategy. If he's aware what shall it bring in the long term, then he's using the strategy well.
But there are a lot of gamblers that do this because they've just heard it and wanting to try it because they've heard that it's going to give them vast of profit.

[Oilacris]

If one is looking for a way to mathematically lose everything on the long run, then the Martingale Strategy is the way to go. You are guaranteed that given any house edge, eventually, you will lose all your starting bankroll.
You may better be betting everything on a single bet rather than waiting 10 million times to end up loseing everything you have anyway.

Hehe. This is for real. The strategy itself will make those first timers to realize that it's really a way to lose everything they got. If they win for the first few tries then congratulations to them. But as said, if they continue and do it in the long run, they'll definitely lose entirely their bankroll.

^ Probably but Martingale's strategy has been created not to become a winning strategy, that is true. This method does not apply anywhere and is depending on what situation you are currently in. It will only be effective when you knew that you are already losing often now and you want to recover quicker than you used to be. Most of the gamblers use this method not even knowing that this has a name. And this is effective if you have your bank secured. Nevertheless, I won’t recommend this if you only gamble for fun and trying out games.

Yes, it's effectiveness will depend on the person that uses the strategy. If he's aware what shall it bring in the long term, then he's using the strategy well.
But there are a lot of gamblers that do this because they've just heard it and wanting to try it because they've heard that it's going to give them vast of profit.

Out of curiosity in short!

People are highly reactive into some tips and rumors that a certain strategy does work in gambling and when they able to know then thats the time they would make use of it and some
or lets say majority of them get wrecked due to wrong believe and anticipation.

If someone does have that kind of control on when to take out profits then they are the ones who would mostly been end up on making out without busting their entire balance.

Truth to be told that theres no such strategy does exist on beating up these kind of games, they might work but doesnt guaranteed from time to time.