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

[FatFork]

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.

Sports betting can be more successful than dice gambling, but generalizing it like that is wrong. It's impossible to say someone will be more successful at sports betting than dice gambling.
Sports betting requires expertise, dedication, and knowledge in order to be able to gamble successfully. Otherwise, it all comes down to mere luck just like with dice gambling.

[BuNga_cute]

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.

If we want to make a profit, I really agree that sports betting is much better than Dice or Slots, because if we have good knowledge and experience
in the world of sports. The opportunity to make a profit is much greater than playing Dice or Slot. That's why I always say playing Dice or Slots is
just for entertainment and not to make money. Because the winning percentage is 50-50, so there is no effective strategy to win when playing Dice or Slot.

[tabas]

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,

You've compared a game of luck/probability to a game that needs analysis but still with a need of luck because you'll also hope that the team or person you bet must win. But it is true that your chance of winning in sports betting is higher than in those games of luck.

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.

I've also some friends who are doing well in sports betting and they keep on sharing their wins including their losses. And their stats are incredible.

[Fatunad]

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.

If we want to make a profit, I really agree that sports betting is much better than Dice or Slots, because if we have good knowledge and experience
in the world of sports. The opportunity to make a profit is much greater than playing Dice or Slot. That's why I always say playing Dice or Slots is
just for entertainment and not to make money. Because the winning percentage is 50-50, so there is no effective strategy to win when playing Dice or Slot.

Nothing beats out on strategic kind of games when it comes to sustainability in terms of profits because strategic based ones does have much higher chance on earning profit depending on how you do make out bets and your winning rate.There are people whom do really mind on making money rather than on getting some entertainment and also there are people whom do love to see profits in a short time scale than on longer one and this is why they do play on fast pace games
which would give out instant result and using up countless numbers of strategies where they do believe that it might work.

[BuNga_cute]

If we want to make a profit, I really agree that sports betting is much better than Dice or Slots, because if we have good knowledge and experience
in the world of sports. The opportunity to make a profit is much greater than playing Dice or Slot. That's why I always say playing Dice or Slots is
just for entertainment and not to make money. Because the winning percentage is 50-50, so there is no effective strategy to win when playing Dice or Slot.

Nothing beats out on strategic kind of games when it comes to sustainability in terms of profits because strategic based ones does have much higher chance on earning profit depending on how you do make out bets and your winning rate.There are people whom do really mind on making money rather than on getting some entertainment and also there are people whom do love to see profits in a short time scale than on longer one and this is why they do play on fast pace games
which would give out instant result and using up countless numbers of strategies where they do believe that it might work.

There are always people who are concerned with making money rather than entertainment when playing gambling. Because some people still believe
that gambling is an activity that can provide profits in a short time. It's people like that who end up making gambling look bad, but not all gamblers
are like that. So a forum like this is needed that can educate many people, that it is very dangerous to make gambling as a source of income.
Playing gambling should only be for entertainment, that's what many people need to know, especially for newbies who are just starting to
play online gambling.

[bittraffic]

If we want to make a profit, I really agree that sports betting is much better than Dice or Slots, because if we have good knowledge and experience
in the world of sports. The opportunity to make a profit is much greater than playing Dice or Slot. That's why I always say playing Dice or Slots is
just for entertainment and not to make money. Because the winning percentage is 50-50, so there is no effective strategy to win when playing Dice or Slot.

Nothing beats out on strategic kind of games when it comes to sustainability in terms of profits because strategic based ones does have much higher chance on earning profit depending on how you do make out bets and your winning rate.There are people whom do really mind on making money rather than on getting some entertainment and also there are people whom do love to see profits in a short time scale than on longer one and this is why they do play on fast pace games
which would give out instant result and using up countless numbers of strategies where they do believe that it might work.

There are always people who are concerned with making money rather than entertainment when playing gambling. Because some people still believe
that gambling is an activity that can provide profits in a short time. It's people like that who end up making gambling look bad, but not all gamblers
are like that. So a forum like this is needed that can educate many people, that it is very dangerous to make gambling as a source of income.
Playing gambling should only be for entertainment, that's what many people need to know, especially for newbies who are just starting to
play online gambling.

It's the reason why we gamble in the first place. Its about earning money through the games we play which we come up with a strategy like this martingale.

Sports is a good way to gamble for there are somehow safe bets. It's not a common idea because there are betting odds but I wonder if there are people who use Martingale in sports like if he loses money from one match last week then doubling the amount he bet the next match?

[smyslov]

Sports betting can be more successful than dice gambling, but generalizing it like that is wrong. It's impossible to say someone will be more successful at sports betting than dice gambling.
Sports betting requires expertise, dedication, and knowledge in order to be able to gamble successfully. Otherwise, it all comes down to mere luck just like with dice gambling.

Sports betting is good if you have the time but people gamble because of the urgency to satisfy their feelings, I'm not into sports betting but I play dice anytime and wats to know if I can make money right away on sports bettings sometimes you'll have to wait for hours and days to get the results, sports bettings is for those who want to make money while games like dice are for the gambler who wants quick results.

[BuNga_cute]

~

~

There are always people who are concerned with making money rather than entertainment when playing gambling. Because some people still believe
that gambling is an activity that can provide profits in a short time. It's people like that who end up making gambling look bad, but not all gamblers
are like that. So a forum like this is needed that can educate many people, that it is very dangerous to make gambling as a source of income.
Playing gambling should only be for entertainment, that's what many people need to know, especially for newbies who are just starting to
play online gambling.

It's the reason why we gamble in the first place. Its about earning money through the games we play which we come up with a strategy like this martingale.

Sports is a good way to gamble for there are somehow safe bets. It's not a common idea because there are betting odds but I wonder if there are people who use Martingale in sports like if he loses money from one match last week then doubling the amount he bet the next match?

Usually people who use the Martingale strategy to pursue losses that have been experienced, and hopes to make up for the loss by doubling
the amount of the bet. But the fact is that many people end up losing all their money, because they use the Martingale strategy. At least I lost
thousands of dollars because I used the martingale strategy, and I have to admit that learning to gamble had to be the hard way. No exception
with sports betting, quite a lot of people use the martingale strategy. After the bet on the first match is lost, in the next match will double the bet,
until finally the capital owned runs out. If anyone succeeds in using the martingale strategy, it is only because that person is lucky. But if used
in the long term it will eventually lose too.

[Hypnosis00]

Sports betting can be more successful than dice gambling, but generalizing it like that is wrong. It's impossible to say someone will be more successful at sports betting than dice gambling.
Sports betting requires expertise, dedication, and knowledge in order to be able to gamble successfully. Otherwise, it all comes down to mere luck just like with dice gambling.

Sports betting is good if you have the time but people gamble because of the urgency to satisfy their feelings, I'm not into sports betting but I play dice anytime and wats to know if I can make money right away on sports bettings sometimes you'll have to wait for hours and days to get the results, sports bettings is for those who want to make money while games like dice are for the gambler who wants quick results.

It depends on your game and interest, if you love sports betting then it will certainly give you satisfaction. The good thing with sports betting is you can verify it by watching the game and it will give more entertainment which will make you also more confident on the amount you'll stake.

[freedomgo]

Sports betting can be more successful than dice gambling, but generalizing it like that is wrong. It's impossible to say someone will be more successful at sports betting than dice gambling.
Sports betting requires expertise, dedication, and knowledge in order to be able to gamble successfully. Otherwise, it all comes down to mere luck just like with dice gambling.

Sports betting is good if you have the time but people gamble because of the urgency to satisfy their feelings, I'm not into sports betting but I play dice anytime and wats to know if I can make money right away on sports bettings sometimes you'll have to wait for hours and days to get the results, sports bettings is for those who want to make money while games like dice are for the gambler who wants quick results.

It depends on your game and interest, if you love sports betting then it will certainly give you satisfaction. The good thing with sports betting is you can verify it by watching the game and it will give more entertainment which will make you also more confident on the amount you'll stake.

Regardless of the game, bankroll management is very important.

If you are using a martingale strategy, then it should not give you a problem if you just follow the rule which is to gamble what you can afford to lose only. As a responsible gambler we should know that and since we have our personal interest, no one can judge us that what we are doing is not gonna made us win.

[acquafredda]

The worst thing that happens with the martingale is that, especially if you start with a large bankroll, you create that false perception of security that the OP talks about and that is nothing but the psychological mechanism that then leads one to lose everything he has.
So, once and for all, absolutely avoid the martingale as a strategy.

[Woodie]

IMO the martingale strategy sacks because it's not for players on a budget and it never works and if the casino  has set a limit on total amount that can be wagered in a single round , this strategy isn't any good.

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,

If you apply this on sports betting you are likely to chase your losses,  because if you are to win consistently then it has to be the smaller odds and secondly these don't always win  .
Everything pretty much points at having luck on your side and not strategies.

[Sanitough]

The worst thing that happens with the martingale is that, especially if you start with a large bankroll, you create that false perception of security that the OP talks about and that is nothing but the psychological mechanism that then leads one to lose everything he has.
So, once and for all, absolutely avoid the martingale as a strategy.

Avoid it if you don't have the discipline, but the fact that you have a huge bankroll should mean you are also ready to lose your entire bankroll when you get a cold streak, well, it could happen in gambling so be realistic with that.

This kind of bankroll management is very risky, it's a high-risk strategy that could make us stop as soon as it consumes our entire bankroll.

Actually, I also got busted many times in the past using this strategy, but I'm still using it but not completely the martingale method.

[yayayo]

Basically every system in the Roulette scene is loss making. it may go well for a while, but sooner or later it goes wrong. And then things go wrong. The martingale system has already been tested and tried by many people. The biggest problems people often encounter are the limits. If it hits red 10 times in a row, then you have a serious problem. And if you then calculate how much money you have to bet the 11th time to win it back. The idea behind the system is good, but in the long run the house always wins. You should see that more as entertainment entertainment.

ya.ya.yo!

[Lanatsa]

The worst thing that happens with the martingale is that, especially if you start with a large bankroll, you create that false perception of security that the OP talks about and that is nothing but the psychological mechanism that then leads one to lose everything he has.
So, once and for all, absolutely avoid the martingale as a strategy.

Avoid it if you don't have the discipline, but the fact that you have a huge bankroll should mean you are also ready to lose your entire bankroll when you get a cold streak, well, it could happen in gambling so be realistic with that.

This kind of bankroll management is very risky, it's a high-risk strategy that could make us stop as soon as it consumes our entire bankroll.

Actually, I also got busted many times in the past using this strategy, but I'm still using it but not completely the martingale method.

Been using up several type of martingale system and im really a fan on finding out on how a certain strategy do make out some ways on how to make profits.

Double on loss is something way more riskier rather than on simply make out 2x  multiplier bets and you can really tell the differences between strategies until you
do realized that nothing do works for long term.

Thing here is that you do know on how to accept the reality and don't force out that there is really a working strategy because nothing could really works on
gambling field. Everything would really be mattering on chances.

[Silberman]

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.

While it is true that you can use your knowledge about a particular sport to increase your chances of winning at the same time you need to understand that the house edge of each match can be different so if you like to bet on markets that are not really popular the house edge is going to be higher than what you find in the game of dice and this means that you could lose your money even faster in terms of the number of bets that you make than in the game of dice.

[tabas]

IMO the martingale strategy sacks because it's not for players on a budget and it never works and if the casino  has set a limit on total amount that can be wagered in a single round , this strategy isn't any good.

Some gamblers who used that strategy said that it works for them but it's a fact that the majority who tried it can say that it's not an ideal strategy for us.
But for some, it works for them, they're on the budget and it's true that you need a certain amount of bigger budget for committing this strategy.

[iv4n]

IMO the martingale strategy sacks because it's not for players on a budget and it never works and if the casino  has set a limit on total amount that can be wagered in a single round , this strategy isn't any good.

Some gamblers who used that strategy said that it works for them but it's a fact that the majority who tried it can say that it's not an ideal strategy for us.
But for some, it works for them, they're on the budget and it's true that you need a certain amount of bigger budget for committing this strategy.

It can be bad if you have a small bankroll and high base bet! With martingale, it's all about bankroll/base bet ratio! Now, most casinos offer very low minimum bet, so even with 10-20 dollars you can play some strategy and make some profit! But if you wish to be safe that profit will be small! With the lower base bet, you can be safer, but that also means a lower profit!
And people who like dices should check casinos with more settings for auto betting! It's hard to create and run a good strategy with just a few settings for auto betting!!

[cabalism13]

IMO the martingale strategy sacks because it's not for players on a budget and it never works and if the casino  has set a limit on total amount that can be wagered in a single round , this strategy isn't any good.

Some gamblers who used that strategy said that it works for them but it's a fact that the majority who tried it can say that it's not an ideal strategy for us.
But for some, it works for them, they're on the budget and it's true that you need a certain amount of bigger budget for committing this strategy.

as it's not for a long run strategy it really don't usually works like that, did this many times when I was still playing dice games,I also told everybody it worked for me and having many funds is the key still I didn't enjoy doing that after sometime, that's one of the reason why I switched on playing slots as it also never gave me a better winning unlike what slots have gave me this past months,...

[qwertyup23]

While I do agree with some points that you raised, I do think that the Martingale system works for some people but its main purpose is not for profit, but for the realization of a quick recovery from losses.

Realistically speaking, the Martingale system requires a huge amount of capital in order to at least work because it will definitely eat a chunk of your money due to its exponential growth bet per bet. However, what separates this system from other systems is that the recovery that you made after a losing streak can be gained after a single bet. Some people use this system as a 'hail mary' kind of shot where this will be their last resort.