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

[magneto]

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.

This makes no sense.

Sure, with one bet you could recover your streak of losses, but how did you end up in this predicament in the first place? It was through the martingale system, and doubling down on each of your previous losses.

Your EV is precisely the same whether or not you play through the martingale system. Your chances of recovering from a loss does not change whatsoever. The speed at which you do so does not change either.

[Shasha80]

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.

The Martingale strategy is not meant to be used long term. Now many people have misunderstood that there really isn't a really reliable strategy
when playing gambling. If anyone succeeds in using the Martingale strategy, they should immediately stop playing gambling right away.
Because if we continue, we will suffer losses in the end, we can even lose all the money we have. And using a large amount of capital when using
the Martingale strategy does not guarantee success. I say that because I experienced it myself, I have tried the martingale strategy in several
gambling games and it ended badly. So some people who have been successful using that martingale strategy are just lucky to stop at the right time,
if continued in the long term will eventually lose too.

[bittraffic]

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.

I'm quite surprised to learn that the martingale strategy is also used in sports betting. I have never done that before, it's usually just for dice that I tried doing it. And do you consider the bettings odds, how do you calculate that for the strategy?

It's always going to be luck combined with strategy if you have one. Martingale is actually a calculated strategy, it works for some and it doesn't for others.

[Wexnident]

I'm quite surprised to learn that the martingale strategy is also used in sports betting. I have never done that before, it's usually just for dice that I tried doing it. And do you consider the bettings odds, how do you calculate that for the strategy?

It's always going to be luck combined with strategy if you have one. Martingale is actually a calculated strategy, it works for some and it doesn't for others.

I'm actually also quite curious about this. Sports betting often changes odds depending on who the team is against so it isn't really that easy to actually do the martingale strategy, since the amount of money that is lost and won would differ by game. Also, I'd really say that Martingale isn't a strategy that works for some and doesn't for others, the only factor here that really affects whether the strategy works is if you have a big enough bankroll. It always works, that's guaranteed, theoretically anyway. It just differs from person to person due to the circumstances they started the strategy with.

[mindrust]

I'm quite surprised to learn that the martingale strategy is also used in sports betting. I have never done that before, it's usually just for dice that I tried doing it. And do you consider the bettings odds, how do you calculate that for the strategy?

It's always going to be luck combined with strategy if you have one. Martingale is actually a calculated strategy, it works for some and it doesn't for others.

The idea is the same.

If you are betting on a game where your potential profit is 100%, you double your wager next time if you lose.

Let's say it is a football game.

Team A's win pays x1.2
Draw pays x3
Team B's win pays x2

If you bet on Team B and lose, next time you find another game that pays the same amount but double your wager till you win.

I can't say it is a brilliant strategy though.

[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.

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!!

I've seen somewhere about that making some automatic bets with a good amount of bankroll. But the usual guy like me, it wouldn't work actually.
But I know that some guys who have understood and made the experience worth it, they really can work on it. Not as effective as others but somehow they can make profit it depending on the experience.

[iv4n]

...

...

....

I've seen somewhere about that making some automatic bets with a good amount of bankroll. But the usual guy like me, it wouldn't work actually.
But I know that some guys who have understood and made the experience worth it, they really can work on it. Not as effective as others but somehow they can make profit it depending on the experience.

It's not about a good amount of bankroll, it's about making a good strategy for your bankroll, with an adequate base bet! So these guys I know, and I can call them professionals... they have VPS's, they run strategies 24/7! Can you imagine a strategy that works for the whole month?! They change strategy from time to time, but they never stop milking! Yea, they call it like that, milking coins... usually low-value coins, and when you think it's like mining!
It's hard to start something, it's even harder when you are short on money... but I strongly believe that with patience and dedication you can build your bankroll over time!

[smyslov]

It's hard to start something, it's even harder when you are short on money... but I strongly believe that with patience and dedication you can build your bankroll over time!

The hardest thing to do when you are using martingale is bankroll, you cannot do it with a small amount, you should be ready to lose in a small bankroll you are lucky if you profit with a small amount, I never do martingale if I can only reach 10 succeedings loses it should be above ten, or you will be wiped out but if you want to have fun and take a chance then it's good to try it.

[shield132]

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.

If you are going to implement this you should know the risk and the number of losses that you can take before you regain all your losses, the beauty of martingale is you just need one roll to regain all your previous losses even if it takes up to 15 rolls as long as you have enough bankroll to counter the loss rolls, whales and high rollers are already doing this.

Do you really think that there is just a blind structure and nice name behind the casino games? There is the mathematics behind everything. You really play with luck against the casino, not with your high bankroll.

Anyone can download MyDiceBot and test martingale or any other strategy with unlimited bankroll and bets. But you guys forgot one thing, 1% house edge is here and it's not going to run away. Mathematically, you can't beat the house edge. You can only win with fortune.

[tabas]

I've seen somewhere about that making some automatic bets with a good amount of bankroll. But the usual guy like me, it wouldn't work actually.
But I know that some guys who have understood and made the experience worth it, they really can work on it. Not as effective as others but somehow they can make profit it depending on the experience.

It's not about a good amount of bankroll, it's about making a good strategy for your bankroll, with an adequate base bet! So these guys I know, and I can call them professionals... they have VPS's, they run strategies 24/7! Can you imagine a strategy that works for the whole month?! They change strategy from time to time, but they never stop milking! Yea, they call it like that, milking coins... usually low-value coins, and when you think it's like mining!
It's hard to start something, it's even harder when you are short on money... but I strongly believe that with patience and dedication you can build your bankroll over time!

That's crazy to know that these professionals really are running something that I didn't know. That's good to know that there really are folks that have been making crazy moves like that.
It's like whenever the strategy they had didn't work, they'll just turn for the next one that they have and like rinse and repeat strategy whichever works for them.

[Hamphser]

I've seen somewhere about that making some automatic bets with a good amount of bankroll. But the usual guy like me, it wouldn't work actually.
But I know that some guys who have understood and made the experience worth it, they really can work on it. Not as effective as others but somehow they can make profit it depending on the experience.

It's not about a good amount of bankroll, it's about making a good strategy for your bankroll, with an adequate base bet! So these guys I know, and I can call them professionals... they have VPS's, they run strategies 24/7! Can you imagine a strategy that works for the whole month?! They change strategy from time to time, but they never stop milking! Yea, they call it like that, milking coins... usually low-value coins, and when you think it's like mining!
It's hard to start something, it's even harder when you are short on money... but I strongly believe that with patience and dedication you can build your bankroll over time!

That's crazy to know that these professionals really are running something that I didn't know. That's good to know that there really are folks that have been making crazy moves like that.
It's like whenever the strategy they had didn't work, they'll just turn for the next one that they have and like rinse and repeat strategy whichever works for them.

Really hard to believe with those pro words in gambling or simply talks about strategy since using martingale wont really be giving out any guarantees that you would win even if you do let the VPS running and leave it right there because in martingale theres no such thing about infinite bankroll.

Only a few could make money out of martingale and only into those people who do get out when they are already in profits.

Always put up in mind that this strategy will surely wipe out your balance if a nasty losing streak would hit out.

[mirakal]

I've seen somewhere about that making some automatic bets with a good amount of bankroll. But the usual guy like me, it wouldn't work actually.
But I know that some guys who have understood and made the experience worth it, they really can work on it. Not as effective as others but somehow they can make profit it depending on the experience.

It's not about a good amount of bankroll, it's about making a good strategy for your bankroll, with an adequate base bet! So these guys I know, and I can call them professionals... they have VPS's, they run strategies 24/7! Can you imagine a strategy that works for the whole month?! They change strategy from time to time, but they never stop milking! Yea, they call it like that, milking coins... usually low-value coins, and when you think it's like mining!
It's hard to start something, it's even harder when you are short on money... but I strongly believe that with patience and dedication you can build your bankroll over time!

That's crazy to know that these professionals really are running something that I didn't know. That's good to know that there really are folks that have been making crazy moves like that.
It's like whenever the strategy they had didn't work, they'll just turn for the next one that they have and like rinse and repeat strategy whichever works for them.

Really hard to believe with those pro words in gambling or simply talks about strategy since using martingale wont really be giving out any guarantees that you would win even if you do let the VPS running and leave it right there because in martingale theres no such thing about infinite bankroll.

Only a few could make money out of martingale and only into those people who do get out when they are already in profits.

Always put up in mind that this strategy will surely wipe out your balance if a nasty losing streak would hit out.

No strategy that would guarantee you a win, gambling sites would easily adjust based on our fixed strategy, so as they adjust, we also have to change our strategy. The Martingale system is an old system, it's still currently used but this is the riskiest strategy and would make gamblers with a lack of experience before very greedy until they regret in the end.

[carlisle1]

No strategy that would guarantee you a win, gambling sites would easily adjust based on our fixed strategy, so as they adjust, we also have to change our strategy.

That's for real, gambling site knows how to adjust, there's no way that the system won't  detect any working strategy,

better to make sure that you know how to stop when there's already some decent profits from the strategy that you are working.

The Martingale system is an old system, it's still currently used but this is the riskiest strategy and would make gamblers with a lack of experience before very greedy until they regret in the end.

Still in use from those who believes that doubling your bets each tie you lose can fasten the recovery of your loss, unknowingly that the numbers of

losing streak is also unknown, not unless you have unlimited bankroll, that's the only thing that it will work surely.

[Viscore]

No strategy that would guarantee you a win, gambling sites would easily adjust based on our fixed strategy, so as they adjust, we also have to change our strategy.

That's for real, gambling site knows how to adjust, there's no way that the system won't  detect any working strategy,

better to make sure that you know how to stop when there's already some decent profits from the strategy that you are working.

We can always stop but that doesn't mean we will not come back anymore to gamble.
It's normal for gamblers to come back when he wins or even if he loses, that's why the reality still exist that we will lose in the long run.

The Martingale system is an old system, it's still currently used but this is the riskiest strategy and would make gamblers with a lack of experience before very greedy until they regret in the end.

Still in use from those who believes that doubling your bets each tie you lose can fasten the recovery of your loss, unknowingly that the numbers of

losing streak is also unknown, not unless you have unlimited bankroll, that's the only thing that it will work surely.

Unlimited bankroll would still not work, as mentioned above, the gambling site will adjust so limiting your bet is their way to battle your unlimited bankroll.

[Silberman]

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.

Those that argue that it works most likely did not use martingale long enough, people use martingale thinking that since the chances they are going to lose so many times in a row are so low that it is never going to happen, but that is not how probabilities work, the more you do something the more likely it becomes regardless of the chances this event has of happening, which means that sooner or later you are bound to lose that many times in a row and lose all your capital.

[Fortify]

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.

What is betting for if not to make a profit? It certainly isn't the pleasure of losing and it seems a bit naive to claim otherwise. Only a gambler who has lost control of all sense and reason (or maybe never had it in the first place) would see chasing losses with ever increasing amounts as a viable strategy. Due to the very nature of gambling you could easily string together many losses, but it becomes increasingly more unlikely that you will be able to keep doubling your bet before you reach an eventual win. Just like in stock market terms when discussing short selling or other leveraged contracts - "the market can stay irrational longer than you can stay solvent" is pretty much an identical case. There are also limits on the size of the bet that a casino/bookmaker would be willing to accept which would cripple the whole thing at the top level of play. What if you lose a $1 million bet and the house won't accept a $2 million bet for any number of reasons?

[Mahanton]

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.

Those that argue that it works most likely did not use martingale long enough, people use martingale thinking that since the chances they are going to lose so many times in a row are so low that it is never going to happen, but that is not how probabilities work, the more you do something the more likely it becomes regardless of the chances this event has of happening, which means that sooner or later you are bound to lose that many times in a row and lose all your capital.

Exactly and those people are just fore telling that it works but actually doesnt have the real experience on using it at all because if you do really make use of this strategy then you would surely tell that this one doesnt work unless if you do get out in profits but due to greed then you would really be asking for more and letting that auto run feature to last to run even more until you do saw your balance had blown away when a streak do happens.
Its not bad to make use of this strategy but for the sake of earning income or profits then better change up your mindset because this one wont
meet out the criteria.

[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.

Those that argue that it works most likely did not use martingale long enough, people use martingale thinking that since the chances they are going to lose so many times in a row are so low that it is never going to happen, but that is not how probabilities work, the more you do something the more likely it becomes regardless of the chances this event has of happening, which means that sooner or later you are bound to lose that many times in a row and lose all your capital.

Well, can't argue with them if the experience is authentic but it's up for them to decide. If they really think that it's very well working for them then they have to make it work for them because as they say, it works for them.
I'm good with myself and don't want to try it even if they say that it's working for them. There might be some instances that they've actually lost a lot.

[Silberman]

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.

Those that argue that it works most likely did not use martingale long enough, people use martingale thinking that since the chances they are going to lose so many times in a row are so low that it is never going to happen, but that is not how probabilities work, the more you do something the more likely it becomes regardless of the chances this event has of happening, which means that sooner or later you are bound to lose that many times in a row and lose all your capital.

Well, can't argue with them if the experience is authentic but it's up for them to decide. If they really think that it's very well working for them then they have to make it work for them because as they say, it works for them.
I'm good with myself and don't want to try it even if they say that it's working for them. There might be some instances that they've actually lost a lot.

The problem with personal experiences is that there is a lot of bias, if another member says that it has worked for them I believe them in the sense that I do not think they have suffered catastrophic losses yet, but the math is clear, martingale has been disproved mathematically over and over again as a technique that works as it does not change at all the probabilities of the game, taking this into account the only reasonable explanation for those that argue that it works is that they have simply not used the strategy long enough.

[Pamadar]

The problem with personal experiences is that there is a lot of bias, if another member says that it has worked for them I believe them in the sense that I do not think they have suffered catastrophic losses yet, but the math is clear, martingale has been disproved mathematically over and over again as a technique that works as it does not change at all the probabilities of the game, taking this into account the only reasonable explanation for those that argue that it works is that they have simply not used the strategy long enough.

Not greedy enough to suffer the long losing streak, those who got good balance maintaining their time of playing,

Just like what you have said, there's no correct answer always in between. even if there's someone who claimed that the strategy works for them, it doesn't convinced those who suffered big losses, and coming from majorities this system always bring heavy losses to the gamblers who lean on using this system.