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

[Ziskinberg]

When it comes to gambling, it is all about luck.

It's not all about luck for me, otherwise, I would not bother studying and making my strategy in gambling.
I think it's only used as an exchange so we will not feel bad if we lose.

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

Martingale is really sucked if you will follow the entire system, but you can use it in a game where your knowledge and skills will be applied, just like sports betting.

[fiulpro]

What I do believe is that :
The system needs a lot of funds and a lot of bets to be able to make good profit for the long term and honestly no one has unlimited funds, nor do they have a lot of time. There was a YouTuber if I remember he used a lot of money and used a bot to place bets strategically whole night and at the end he was in loss.

Some things are good in theory but in practical they lack a lot of things. Therefore I do believe that the system is not something that you should count on. Use the probability. Simple and trustable.

[romero121]

When it comes to gambling, it is all about luck.

It's not all about luck for me, otherwise, I would not bother studying and making my strategy in gambling.
I think it's only used as an exchange so we will not feel bad if we lose.

What you said won't be applicable all the time. Can you assure of the strategy that you've developed after long study will get you cent percent win on your bets. This isn't possible, and thats the reason I state gambling is all about luck.

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

Martingale is really sucked if you will follow the entire system, but you can use it in a game where your knowledge and skills will be applied, just like sports betting.

Knowledge and skills can be applied on sportsbet, apart from that what is the game in which knowledge and skills play its role.

[Fredomago]

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.

No doubts that you said it right, far better to play randomly than using this strategy that most of those users ended up losing a  lot.

Find some luck with your own ways, whatever game you are into, either sports or casino based gambling, trying to use your own understanding with the game and hope that luck is behind you will give you a much interesting outcome.

When you lose, take the entertainment as a cause while when you win, enjoy your profits of success.

[stomachgrowls]

What I do believe is that :
The system needs a lot of funds and a lot of bets to be able to make good profit for the long term and honestly no one has unlimited funds, nor do they have a lot of time. There was a YouTuber if I remember he used a lot of money and used a bot to place bets strategically whole night and at the end he was in loss.

Some things are good in theory but in practical they lack a lot of things. Therefore I do believe that the system is not something that you should count on. Use the probability. Simple and trustable.

Even though its been known that no strategy works or does exist for you to end up to be profitable or in guaranteed manner but still people who do really hope and make use of these strats and believing that they could
really make out money if they tend to use it.

It is just really making the game long but the odds on busting would be the same so it isnt really worth for you to test it out unless if you are just really playing for the sake of entertainment
and making it long then its up to you but if you are targeting to make profits then better forget about it.

Martingale neither works or not but to think that once losing streak hits you then say goodbye into your account balance.

[abel1337]

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.

No doubts that you said it right, far better to play randomly than using this strategy that most of those users ended up losing a  lot.

Find some luck with your own ways, whatever game you are into, either sports or casino based gambling, trying to use your own understanding with the game and hope that luck is behind you will give you a much interesting outcome.

When you lose, take the entertainment as a cause while when you win, enjoy your profits of success.

Depending on the situation. If I am confident with the bank roll I am having, I would probably use martingale than betting random moves  Of course, luck is a big factor in playing gambling, But using strategy gives me a bit of assurance or confidence to push through a bet rather than playing on random bets.

[swogerino]

What I do believe is that :
The system needs a lot of funds and a lot of bets to be able to make good profit for the long term and honestly no one has unlimited funds, nor do they have a lot of time. There was a YouTuber if I remember he used a lot of money and used a bot to place bets strategically whole night and at the end he was in loss.

Some things are good in theory but in practical they lack a lot of things. Therefore I do believe that the system is not something that you should count on. Use the probability. Simple and trustable.

Even if someone has a really huge number of money and would want to use this strategy to win in gambling it is not possible.It is not possible because the casinos have put a maximum bet limit which you cannot go further and thus making Martingale not effective.

[johhnyUA]

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?

Please, re-read his post and my post. There is pretty clear questions from me to him. I hope he already "answered" to me (I've started to check if it so) because his post is a lot of nonsense, sorry.  

P.S: No. Hope for the best is broken. Noone except you answered to me 

[pilosopotasyo]

Even if someone has a really huge number of money and would want to use this strategy to win in gambling it is not possible.It is not possible because the casinos have put a maximum bet limit which you cannot go further and thus making Martingale not effective.

It is only effective if you know when to stop when you are winning, martingale is not a guaranty to win but there's a situation where you can quit with profit it may not be a big amount, but if you want to make money out of playing martingale that is a situation where you need to stop because if you continue the house edge is going to get you and beat your game and wipe out your bankroll.

[Vaskiy]

Even if someone has a really huge number of money and would want to use this strategy to win in gambling it is not possible.It is not possible because the casinos have put a maximum bet limit which you cannot go further and thus making Martingale not effective.

It is only effective if you know when to stop when you are winning, martingale is not a guaranty to win but there's a situation where you can quit with profit it may not be a big amount, but if you want to make money out of playing martingale that is a situation where you need to stop because if you continue the house edge is going to get you and beat your game and wipe out your bankroll.

With martingale strategy there is limit on spending, so at the end however thi is gonna be a loss. As said in the post, people who know the right time to stop will be benefitting. Here it has got very low success rate, but there are successful people out of this strategy winning consecutive rolls.

[Vaskiy]

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

[stadus]

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

https://i.imgur.com/6v0I8iU.jpg

Cold streak and hot streak do happen in gambling, the martingale method sucks because it does not challenge you, instead of choosing how to win your bet, you are more focused on your bankroll management which is very aggressive. We do not need to complicate things, it's said before and the same truth is what we have until now, and that is your chance to win using this method is only if you have an infinite bankroll and gambling sites does not limit your bet.

[carlfebz2]

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

https://i.imgur.com/6v0I8iU.jpg

Cold streak and hot streak do happen in gambling, the martingale method sucks because it does not challenge you, instead of choosing how to win your bet, you are more focused on your bankroll management which is very aggressive. We do not need to complicate things, it's said before and the same truth is what we have until now, and that is your chance to win using this method is only if you have an infinite bankroll and gambling sites does not limit your bet.

Actually on point and true on where i do have observed that in martingale strategy on where you do really end up on focusing on bankroll management since  you do need to patch up and make out adjustment for your bankroll not to be busted up directly.

When it comes to infinite bankroll then this only exist on dreams and also about limitation is something out since majority of people who would make
use of martingale will surely stick out lowest base bet as possible to utilize their bankroll as possible.

This is a common strategy but lots does have different impression towards this where it do guaranteed profits which is really wrong.

[freedomgo]

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

https://i.imgur.com/6v0I8iU.jpg

Cold streak and hot streak do happen in gambling, the martingale method sucks because it does not challenge you, instead of choosing how to win your bet, you are more focused on your bankroll management which is very aggressive. We do not need to complicate things, it's said before and the same truth is what we have until now, and that is your chance to win using this method is only if you have an infinite bankroll and gambling sites does not limit your bet.

Actually on point and true on where i do have observed that in martingale strategy on where you do really end up on focusing on bankroll management since  you do need to patch up and make out adjustment for your bankroll not to be busted up directly.

When it comes to infinite bankroll then this only exist on dreams and also about limitation is something out since majority of people who would make
use of martingale will surely stick out lowest base bet as possible to utilize their bankroll as possible.

This is a common strategy but lots does have different impression towards this where it do guaranteed profits which is really wrong.

This strategy will lose our discipline, it will make us greedy to chase our losses and win more, that is not the principle to be followed in gambling. Be discipline and gamble only based on your limit, also, winning should not be instant, if we want to be successful, we should be discipline with our bankroll management and choose the game that would give us a chance to use our skills, obviously it should not be a luck-based type of game.

[Fredomago]

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

https://i.imgur.com/6v0I8iU.jpg

Cold streak and hot streak do happen in gambling, the martingale method sucks because it does not challenge you, instead of choosing how to win your bet, you are more focused on your bankroll management which is very aggressive. We do not need to complicate things, it's said before and the same truth is what we have until now, and that is your chance to win using this method is only if you have an infinite bankroll and gambling sites does not limit your bet.

Losing streak always present and by using this method chances of losing everything inside your bankroll is very possible, martingale sucks up everything once red losing streak start to show up.

It's better to have your own way of playing and build a good strategy while managing your bankroll, experienced will help if you are indeed good in controlling your emotions.

Shit happened and most of the gamblers who used martingale method knew about it but continue to try finding their luck.

[KennyR]

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

https://i.imgur.com/6v0I8iU.jpg

Cold streak and hot streak do happen in gambling, the martingale method sucks because it does not challenge you, instead of choosing how to win your bet, you are more focused on your bankroll management which is very aggressive. We do not need to complicate things, it's said before and the same truth is what we have until now, and that is your chance to win using this method is only if you have an infinite bankroll and gambling sites does not limit your bet.

Losing streak always present and by using this method chances of losing everything inside your bankroll is very possible, martingale sucks up everything once red losing streak start to show up.

It's better to have your own way of playing and build a good strategy while managing your bankroll, experienced will help if you are indeed good in controlling your emotions.

Shit happened and most of the gamblers who used martingale method knew about it but continue to try finding their luck.

Rather than losing through a strategy that is successful only for infinite bankroll, it is good to make something new. Martingale is a failed strategy for users who don't have good bankroll. With this amount he could've experimented something new. Gambling is fun, only when you find success in it. So, when you find it isn't bringing success better way is to stand away.

[justdimin]

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

That's really unlucky, losing 10 bets in a row must have hurt especially when the base bet is a dollar and you are doubling the amount each time. This is where martingale stings since you have no option but to keep increasing your bets otherwise you won't be able to recover the losses. Personally, if you ask me, I would have made a few $5 bets after losing like 5 bets to cover some balance and then try for a big one later when I face another bad streak. It's hard to stop though when you are losing because it feels like a win is at the edge.

Now imagine if you had a 10-win streak and you were playing with the same base bet of a dollar, you would have only profited 10 bucks. With 10 losses you already lost around ~$400 so that is where the problem lies with martingale strategy, you win small but lose big with a cold streak.

[Sanitough]

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

That's really unlucky, losing 10 bets in a row must have hurt especially when the base bet is a dollar and you are doubling the amount each time. This is where martingale stings since you have no option but to keep increasing your bets otherwise you won't be able to recover the losses. Personally, if you ask me, I would have made a few $5 bets after losing like 5 bets to cover some balance and then try for a big one later when I face another bad streak. It's hard to stop though when you are losing because it feels like a win is at the edge.

Now imagine if you had a 10-win streak and you were playing with the same base bet of a dollar, you would have only profited 10 bucks. With 10 losses you already lost around ~$400 so that is where the problem lies with martingale strategy, you win small but lose big with a cold streak.

Honestly, I would not think based on luck, I'll think based on probability, martingale is really sucked if you are using it for a huge number of settings as the house edge will still rule, however, if you use it to bet on a certain spot in sports, then I think you'll have success.

Is there anyone here making some experiments in sports betting using the same strategy?

Can you compare it to the outcome of playing the luck-based type of games?

[Natalim]

Today's martingale strategy try. The outcome is really bad, I wasn't lucky enough to make some profit. If I were lucky I could've got atleast a win in between. Kept wagering until the wallet got empty.

That's really unlucky, losing 10 bets in a row must have hurt especially when the base bet is a dollar and you are doubling the amount each time. This is where martingale stings since you have no option but to keep increasing your bets otherwise you won't be able to recover the losses. Personally, if you ask me, I would have made a few $5 bets after losing like 5 bets to cover some balance and then try for a big one later when I face another bad streak. It's hard to stop though when you are losing because it feels like a win is at the edge.

Now imagine if you had a 10-win streak and you were playing with the same base bet of a dollar, you would have only profited 10 bucks. With 10 losses you already lost around ~$400 so that is where the problem lies with martingale strategy, you win small but lose big with a cold streak.

Honestly, I would not think based on luck, I'll think based on probability, martingale is really sucked if you are using it for a huge number of settings as the house edge will still rule, however, if you use it to bet on a certain spot in sports, then I think you'll have success.

Is there anyone here making some experiments in sports betting using the same strategy?

Can you compare it to the outcome of playing the luck-based type of games?

I've done that experiment before using dice games and sports betting as the reference and it does not end well as I lose money on both, but the only difference is that my bankroll got easily busted in dice than in sports betting because the result in dice is instant and in sports betting you can still watch and game and waste some time since you'll just lose your money in the end.

[Saisher]

I've done that experiment before using dice games and sports betting as the reference and it does not end well as I lose money on both, but the only difference is that my bankroll got easily busted in dice than in sports betting because the result in dice is instant and in sports betting you can still watch and game and waste some time since you'll just lose your money in the end.

You have a better chance to win in sports betting than dice and other similar games like slot, the house edge has a factor on these games compare to sports betting where you have a good chance to win by analyzing the game, I have a friend whop wants to make money in gambling and he shifted from playing dice to betting in sports betting and so far he is doing good.