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

[uneng]

^ 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.

Why nonsense? Martingale really doesn't guarantee profitability (winnings) on long run, but it can help you making profit for a while. If you are lucky and know when to stop, it's possible to make some profit thanks to this strategy. Martingale looks bad, but playing without martingale can be worse. Or maybe is there a better method to play I am not familiar with?

[xSkylarx]

Martingale is a double-edged strategy. You double your bet everytime you lose and with this strategy you can easily recover your loses from the previous bet in just a single win but if luck is not on your side, your capital can still be all eaten if you keep hitting lose streaks. I've tried this technique when I was new in crypto gambling and it only works once. And if you manage to double your bankroll using this strategy I suggest that to stop playing or else the house will get back what you've won.

[semobo]

^ 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.

Why nonsense? Martingale really doesn't guarantee profitability (winnings) on long run, but it can help you making profit for a while. If you are lucky and know when to stop, it's possible to make some profit thanks to this strategy. Martingale looks bad, but playing without martingale can be worse. Or maybe is there a better method to play I am not familiar with?

You lost once and you are going to double the bet amount if you are following the strategy then you may lose again since you didn't have luck with the first bet so probably the same goes with the second bet which means you are losing more than how much it supposed to be, so its a strategy may work mathematically but really sucks in the reality and there is no such thing called winning strategy.

[uneng]

^ 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.

Why nonsense? Martingale really doesn't guarantee profitability (winnings) on long run, but it can help you making profit for a while. If you are lucky and know when to stop, it's possible to make some profit thanks to this strategy. Martingale looks bad, but playing without martingale can be worse. Or maybe is there a better method to play I am not familiar with?

You lost once and you are going to double the bet amount if you are following the strategy then you may lose again since you didn't have luck with the first bet so probably the same goes with the second bet which means you are losing more than how much it supposed to be, so its a strategy may work mathematically but really sucks in the reality and there is no such thing called winning strategy.

Yes friend, I know about it. But my doubt is what strategy to use instead of martingale?

Because I see everyone blaming martingale, but no one indicates a better method to be used.

[Lakai01]

-snip-
Because I see everyone blaming martingale, but no one indicates a better method to be used.

This has a very simple background: There is no strategy that is always successful in every situation. If there were, then there would be no more casinos because of course everyone uses the strategy and the casinos would be bankrupt in no time.

In the end, it always comes down to the fact that you can't beat the house (the so-called house edge). Some days you go home with profits, many others not. The more you play, the closer your win <-> loss ratio gets to the House Edge (which is eg. 1%).

Martingale works well in some situations, but only takes advantage of the effect that, for example, 7 blacks in a row is very unlikely (but still happens, of course).
Why 7? Imagine you are playing with a 5 dollar bet. If you were unlucky enough to get black 6 times in a row, but you bet on red, you would have to bet almost $60,000 on the 7th game to make up for the loss. You would need a huge stack to accomplish that ...

[Xinarae*]

The Martingale technique is probably the most well known of these techniques. However as a word of caution we would say that you can go deeper before it takes effect in this strategy you are constantly placing the same bet if it is lost you place the same bet for each loss the size of the bet should be doubled eventually, you will even break the sooner you win the point you will recover all your lost points. Betting outside can give you better results when your pockets feel thinner once you have replenished your stocks you can start branching out in risky ways.

[semobo]

Snip--

Because I see everyone blaming martingale, but no one indicates a better method to be used.

There is no such strategy in the gambling, its purely a luck or we can say as coincidence. What we are saying is if you find difficult to recover your loss and decided to go with martingale since you heard that it can help you with recovering the losses but the strategy you are going to cause you more losses if the luck is not on your side.

[jostorres]

Martingale is a double-edged strategy. You double your bet everytime you lose and with this strategy you can easily recover your loses from the previous bet in just a single win but if luck is not on your side, your capital can still be all eaten if you keep hitting lose streaks. I've tried this technique when I was new in crypto gambling and it only works once. And if you manage to double your bankroll using this strategy I suggest that to stop playing or else the house will get back what you've won.

Martingale gives an illusion after a loss that you should win the next bet but the reality is that every bet has the same chance of winning 50% and losing 50% (not considering house edge here) so you despite losing 10 bets cannot feel comfortable rolling the dice 11th time because it can again be lost and in fact has an equal chance in contrast to winning.

It is not a bad strategy either if you are trying to recover from a small loss. Imagine you deposit 0.05BTC and lost some 0.001 then you can easily set the base bet of 0.00001BTC and cover your loss with minimal luck involved. It becomes a problem if you are trying to chase a big loss because it might not work and you will then have an even bigger loss to look at.

[tabas]

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.

Yes, that can be it. When they're curious with a strategy, they want to try it on their own and see what others saying is true or not. But not everyone executes it pretty well.
Because many of those people who tries it out are also sharing the same experience those who have tried it yet it's not effective.

[Saisher]

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.

Until they found out that it will not work, the idea is good but will not work in the long run, I have experienced a long losing streak of 15 and with that number of losing roll it's hard to keep up, so if you are going to use martingale expect a situation where you are going to experience a long streak of loss if you are going to use it prepare to have a huge bankroll.

[2double0]

Until they found out that it will not work, the idea is good but will not work in the long run, I have experienced a long losing streak of 15 and with that number of losing roll it's hard to keep up, so if you are going to use martingale expect a situation where you are going to experience a long streak of loss if you are going to use it prepare to have a huge bankroll.

I call it 'stretch' where the martingale strategy sucks out every inch of your balance and stretches the bets till the complete bankroll busts. I don't like martingale as, because of this strategy, I have lost many btc in the past and the number exceeds 20. 
I was a huge fan of dice games and played at 999dice where I won 20 btc with a bot I applied there. I also withdrew it because btc price was peanuts then, but today I regret that I lost 20 btc at Primedice following this martingale with my base bet of just 100 satoshis.

[Fredomago]

Snip--

Because I see everyone blaming martingale, but no one indicates a better method to be used.

There is no such strategy in the gambling, its purely a luck or we can say as coincidence. What we are saying is if you find difficult to recover your loss and decided to go with martingale since you heard that it can help you with recovering the losses but the strategy you are going to cause you more losses if the luck is not on your side.

Yeah right, not because the strategy works for you means that it will also work to everyone. Martingale though is the most common
and most talk in this field.

So expect that this will be the basis and much being hated especially by those frustrated gamblers who try using this and lose a lot of bankroll.

it's more on bankroll management and how you'll able to manage you emotions during the game.

[smyslov]

Why nonsense? Martingale really doesn't guarantee profitability (winnings) on long run, but it can help you making profit for a while. If you are lucky and know when to stop, it's possible to make some profit thanks to this strategy. Martingale looks bad, but playing without martingale can be worse. Or maybe is there a better method to play I am not familiar with?

unfortunately, not all of us can stop at the right time, some gamblers think that they should hit while the iron is hot to gain all their past losses, they think it's the best time to make a profit after their losses in the past, it's a trap that many of us failed to pass, I've been a victim of this so many times.

[Shasha80]

Snip--

Because I see everyone blaming martingale, but no one indicates a better method to be used.

There is no such strategy in the gambling, its purely a luck or we can say as coincidence. What we are saying is if you find difficult to recover your loss and decided to go with martingale since you heard that it can help you with recovering the losses but the strategy you are going to cause you more losses if the luck is not on your side.

Yeah right, not because the strategy works for you means that it will also work to everyone. Martingale though is the most common
and most talk in this field.

So expect that this will be the basis and much being hated especially by those frustrated gamblers who try using this and lose a lot of bankroll.

it's more on bankroll management and how you'll able to manage you emotions during the game.

Everyone is free to use any strategy when gambling, and usually everyone has a different strategy. Because indeed the strategies we use are
not necessarily successful when used by other people. Therefore, please try all the strategies that we know, then we will be able to judge
for ourselves which strategy suits us. With regard to martingale, it is a general strategy that I believe has been used by most people in
the gambling world. And what we have to know is that there is no single strategy that can be used in the long term when playing gambling.
Because in the end if we don't limit ourselves when playing gambling, then whatever strategy we use, surely we will experience losses until
our capital runs out.

[tabas]

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.

Until they found out that it will not work, the idea is good but will not work in the long run, I have experienced a long losing streak of 15 and with that number of losing roll it's hard to keep up, so if you are going to use martingale expect a situation where you are going to experience a long streak of loss if you are going to use it prepare to have a huge bankroll.

Very true. It's been proven and said that it won't work in the long run and it will just make you dry out of funds. The longer you lose, the higher amount that you need to sustain if you're going to trust the strategy. But as the usual gambler does, if it's too much already, you don't count on it and just try another strategy or just go again with the usual way of gambling that really works.

[radjie]

Martingale is a double-edged strategy. You double your bet everytime you lose and with this strategy you can easily recover your loses from the previous bet in just a single win but if luck is not on your side, your capital can still be all eaten if you keep hitting lose streaks. I've tried this technique when I was new in crypto gambling and it only works once. And if you manage to double your bankroll using this strategy I suggest that to stop playing or else the house will get back what you've won.

The martingale technique is often used by gamblers, even a technique like this is called the classic technique. the goal is to recover losses by multiplying the stakes, but some people believe that this kind of strategy does not guarantee that they can recover losses because most likely if we continue to carry out the existing Martingale strategy will continue to make us curious. but most of these methods only bring us closer to bankruptcy because they can drain capital on an ongoing basis

[ethereumhunter]

Martingale is a double-edged strategy. You double your bet everytime you lose and with this strategy you can easily recover your loses from the previous bet in just a single win but if luck is not on your side, your capital can still be all eaten if you keep hitting lose streaks. I've tried this technique when I was new in crypto gambling and it only works once. And if you manage to double your bankroll using this strategy I suggest that to stop playing or else the house will get back what you've won.

The martingale technique is often used by gamblers, even a technique like this is called the classic technique. the goal is to recover losses by multiplying the stakes, but some people believe that this kind of strategy does not guarantee that they can recover losses because most likely if we continue to carry out the existing Martingale strategy will continue to make us curious. but most of these methods only bring us closer to bankruptcy because they can drain capital on an ongoing basis

It is hard to recover from gambling, even if we try to use any method or strategies because gambling is not designed to give winning to the gamblers. The casino will be the last winner and takes the gambler's money, but if you are lucky, you can recover your losses and profit from gambling. When you feel curious, you can spend more money without remembering how much money you already lost. It is better to have control and not try to recover if we are not ready to lose more money.

[robelneo]

it's more on bankroll management and how you'll able to manage you emotions during the game.

I agree with this, it's hard to implement a martingale with a small bankroll if you can get an allocation of up to 12 losses in the roll you will have a good chance but it's not a guaranty that you can win I have set up 12 bets my bankroll was wiped out although I enjoy my session because it lasted almost an hour, if you want to have fun, martingale is a good method to implement because sometimes the session lasted for hours.

[romero121]

it's more on bankroll management and how you'll able to manage you emotions during the game.

I agree with this, it's hard to implement a martingale with a small bankroll if you can get an allocation of up to 12 losses in the roll you will have a good chance but it's not a guaranty that you can win I have set up 12 bets my bankroll was wiped out although I enjoy my session because it lasted almost an hour, if you want to have fun, martingale is a good method to implement because sometimes the session lasted for hours.

When it comes to gambling, it is all about luck. If we're lucky even with small bank roll we can be successful profiting big. Same time if the luck isn't on our side even with big bank roll we can end up losing big. In simple there are people who have lost big trying the martingale strategy with big bankrolls and ending up bankrupt.

In my opinion it is good to go with random moves than martingale strategy.

[Wexnident]

When it comes to gambling, it is all about luck. If we're lucky even with small bank roll we can be successful profiting big. Same time if the luck isn't on our side even with big bank roll we can end up losing big. In simple there are people who have lost big trying the martingale strategy with big bankrolls and ending up bankrupt.

In my opinion it is good to go with random moves than martingale strategy.

I'd agree with winning in terms of luck, but you can still skew that so that your entire session isn't filled with games that are reliant on luck. You can spread out your games evenly so that your bankroll could give you more chances of getting that 50/50s. It's like the difference between one huge bet with 50/50 chances of winning vs a  multitude of bets with the same chances of winning. Granted that the chances are the same, going for the one with multiple bets instead of one huge bet could help you in minimizing the losses you could possibly gain. Achieving a loss of $50 on the first scenario is a guarantee, but the loss in the second scenario could potentially be $45, or maybe less than, but the maximum would never go past $50 so why not try it right?