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

[Pamadar]

The Martingale gaming system cannot guarantee the player a win. 

Yes, in many casinos the use of this system is limited.  Therefore, many believe that the martingale gambling system is very effective.  In fact, this is not the case.  The casino provides itself with insurance in advance against all troubles.  The casino has essentially an unlimited supply of money. 

The player plays with real money.  The casino only promises to pay out the winnings. 

This is the fundamental difference.

I understand that the martingale system is flawed and the casino still has an edge over you, because they have unlimited money, while our bankroll is much smaller. But what other system should we use then? As far as I am aware there is no system that is better than a martingale approach. With the doubling down strategy we have a fixed betting size, that guarantees us to recover all our losses from the previous rounds. The tail risk is that we lose 10 times in a row.

Not just 10 many times it happened that gamblers lose more than 20x using this strategy.

There's no system or proven system that really works in the long run, either you are lucky or you understand the game well and quit when you already have decent profits. Other than that mostly the end outcome turned against you, losing your entire bankroll by trying to win huge amount of money.

[Tumanggor]

~

I understand that the martingale system is flawed and the casino still has an edge over you, because they have unlimited money, while our bankroll is much smaller. But what other system should we use then? As far as I am aware there is no system that is better than a martingale approach. With the doubling down strategy we have a fixed betting size, that guarantees us to recover all our losses from the previous rounds. The tail risk is that we lose 10 times in a row.

I like watching videos of people playing dice using the martingale strategy and the potential for return on investment is very large if the player has a lot of capital
the martingale system is the most effective when playing dice, nothing else because it's a trick anyone can do

[KTChampions]

This is a misunderstanding of the Martingale strategy and it just misleads those who try to use this strategy. Mathematically speaking, when you increase your bet there is no retracement, you only increase your risk. Given the fact that your bets sometimes win and you return to the original bet (with a small profit), it seems to you that you are winning by changing the size of the bet, but in reality you are making a small profit only by increasing the risk.

That's the reality, doubling every loses is a big risk, some might not see it because they don't believe that they'll lose 10 in a row, which in actual practice using the martingale strategy, that would already result to a huge loses even if you only have a $10 starting bet.

$ 10 is a huge starting bet for the Martingale strategy. Even a streak of 5 losses makes you bet $ 320! At the same time, the potential gain does not increase and leaves 10 dollars as before. A strategy with minimal winnings and exponentially increasing risk initially looks repulsive.

[jrrsparkles]

This is a misunderstanding of the Martingale strategy and it just misleads those who try to use this strategy. Mathematically speaking, when you increase your bet there is no retracement, you only increase your risk. Given the fact that your bets sometimes win and you return to the original bet (with a small profit), it seems to you that you are winning by changing the size of the bet, but in reality you are making a small profit only by increasing the risk.

That's the reality, doubling every loses is a big risk, some might not see it because they don't believe that they'll lose 10 in a row, which in actual practice using the martingale strategy, that would already result to a huge loses even if you only have a $10 starting bet.

$ 10 is a huge starting bet for the Martingale strategy. Even a streak of 5 losses makes you bet $ 320! At the same time, the potential gain does not increase and leaves 10 dollars as before. A strategy with minimal winnings and exponentially increasing risk initially looks repulsive.

Mathematically the martingale strategy looks working but in reality people are burning their money much faster than how they are going to be, and they should always remember that risking money in the gambling doesn't guarantee any returns like investment so neber treat the gambling as investment that is why we call it as gambling, lets our luck decides everything while simply enjoy the adrenaline.

[Fatunad]

This is a misunderstanding of the Martingale strategy and it just misleads those who try to use this strategy. Mathematically speaking, when you increase your bet there is no retracement, you only increase your risk. Given the fact that your bets sometimes win and you return to the original bet (with a small profit), it seems to you that you are winning by changing the size of the bet, but in reality you are making a small profit only by increasing the risk.

That's the reality, doubling every loses is a big risk, some might not see it because they don't believe that they'll lose 10 in a row, which in actual practice using the martingale strategy, that would already result to a huge loses even if you only have a $10 starting bet.

$ 10 is a huge starting bet for the Martingale strategy. Even a streak of 5 losses makes you bet $ 320! At the same time, the potential gain does not increase and leaves 10 dollars as before. A strategy with minimal winnings and exponentially increasing risk initially looks repulsive.

Mathematically the martingale strategy looks working but in reality people are burning their money much faster than how they are going to be, and they should always remember that risking money in the gambling doesn't guarantee any returns like investment so neber treat the gambling as investment that is why we call it as gambling, lets our luck decides everything while simply enjoy the adrenaline.

Would really like burning if you are really aiming for long term on using this strategy because it is never really meant for making profit in the first place.
Martingale is just good for prolonging the game a bit more but not really intended for making money but people does really have that common impression
where they do seek more for more strategy that they do believe that they can make money which is really a very wrong mindset to have.
Enjoy the game no matter what strategy you've been using since this had been the primary motive on why gambling created on the first place.

[KTChampions]

Would really like burning if you are really aiming for long term on using this strategy because it is never really meant for making profit in the first place.
Martingale is just good for prolonging the game a bit more but not really intended for making money but people does really have that common impression
where they do seek more for more strategy that they do believe that they can make money which is really a very wrong mindset to have.
Enjoy the game no matter what strategy you've been using since this had been the primary motive on why gambling created on the first place.

It's a delusion. Martingale speeds up the game (brings the loss of the entire depot closer), since very quickly you are forced to risk your entire deposit. Compare Martingale and just single bets - you will see that with 1000 minimum bets you will lose the entire deposit faster using Martingale than if you made these bets separately.

[mirakal]

Would really like burning if you are really aiming for long term on using this strategy because it is never really meant for making profit in the first place.
Martingale is just good for prolonging the game a bit more but not really intended for making money but people does really have that common impression
where they do seek more for more strategy that they do believe that they can make money which is really a very wrong mindset to have.
Enjoy the game no matter what strategy you've been using since this had been the primary motive on why gambling created on the first place.

It's a delusion. Martingale speeds up the game (brings the loss of the entire depot closer), since very quickly you are forced to risk your entire deposit. Compare Martingale and just single bets - you will see that with 1000 minimum bets you will lose the entire deposit faster using Martingale than if you made these bets separately.

That's definitely right, it's just a delusion as there's really no study (legit study) that says martingale system is a working strategy. In fact, some casinos just put that system integrated because they know bettors like it and they also know it is always in their favor.

[harizen]

Martingale is just good for prolonging the game a bit more but not really intended for making money

It's the opposite, martingale will have our session a bit shortcut to losing. A 5X continuous losing streak is already crucial.

Martingale is not actually a strategy for me but more on the betting type. I honestly do that kind of betting but not to the point I will think of it as increasing my winning chance. It's just that sometimes, when I feel luck is just around the corner, why not try to risks some doing that kind of bet.

[coin-investor]

$ 10 is a huge starting bet for the Martingale strategy. Even a streak of 5 losses makes you bet $ 320! At the same time, the potential gain does not increase and leaves 10 dollars as before. A strategy with minimal winnings and exponentially increasing risk initially looks repulsive.

I agree only whales with a huge bankroll will start at $10 even a $1 can be considered a big amount I usually start with cents and patiently waited for my lucky rolls, a variation of martingale and picking the best time to bet big will give you a good percentage than doing straight martingale.

[KTChampions]

It's a delusion. Martingale speeds up the game (brings the loss of the entire depot closer), since very quickly you are forced to risk your entire deposit. Compare Martingale and just single bets - you will see that with 1000 minimum bets you will lose the entire deposit faster using Martingale than if you made these bets separately.

That's definitely right, it's just a delusion as there's really no study (legit study) that says martingale system is a working strategy. In fact, some casinos just put that system integrated because they know bettors like it and they also know it is always in their favor.

This is a very correct observation! Almost all casinos where, for example, there are dice provide an internal interface that allows you to automate gambling - in fact, this is intended for the player to choose one of the Martingale types and watch how his deposit decreases 

[Silberman]

The belief in the system is that when you do it, you basically win back all your losses from previous matches so you are basically trying to gamble by just breaking even. That's what I don't get in this system, besides doubling down on losses, you only have one way in this system and that is as I have said, breakeven.

The system is not created for you to break even, you started an exact amount then double it if you lose until you win, that's the only process you have to do and you don't use any kind of system as the system itself is very simple to follow. However, is it effective? the answer is yes if you have an unlimited bankroll.

But unlimited bankroll does only exist on dreams and not on real life.No matter how rich you are you would easily get wiped out when using up martingale.
This is why its never been suggested on relying with this kind of strategy because the more losing streak you would have the more deeper losses you would make and that wont really be sustainable as long the game would run plus imagine about doubling losses everytime then having a long streak will surely
blow up your account and this is why this strategy sucks but if you do know how to control yourself on getting out when you are in greens then that would
be a good news.

And even if a player appeared that had more money than the casino itself the casinos have put in place limits to how much money you can use on each bet, which means that if you double your bet each time you lose even if you begin with a bet as small as one satoshi, supposing that you can make a bet that low, eventually you are going to lose enough times to reach that limit guaranteeing that you will lose money with this strategy no matter what you do.

[freedomgo]

The belief in the system is that when you do it, you basically win back all your losses from previous matches so you are basically trying to gamble by just breaking even. That's what I don't get in this system, besides doubling down on losses, you only have one way in this system and that is as I have said, breakeven.

The system is not created for you to break even, you started an exact amount then double it if you lose until you win, that's the only process you have to do and you don't use any kind of system as the system itself is very simple to follow. However, is it effective? the answer is yes if you have an unlimited bankroll.

But unlimited bankroll does only exist on dreams and not on real life.No matter how rich you are you would easily get wiped out when using up martingale.
This is why its never been suggested on relying with this kind of strategy because the more losing streak you would have the more deeper losses you would make and that wont really be sustainable as long the game would run plus imagine about doubling losses everytime then having a long streak will surely
blow up your account and this is why this strategy sucks but if you do know how to control yourself on getting out when you are in greens then that would
be a good news.

And even if a player appeared that had more money than the casino itself the casinos have put in place limits to how much money you can use on each bet, which means that if you double your bet each time you lose even if you begin with a bet as small as one satoshi, supposing that you can make a bet that low, eventually you are going to lose enough times to reach that limit guaranteeing that you will lose money with this strategy no matter what you do.

That's the big thing some people missed, they thought they can just use their method without limitation but there is, we are just gambling, we don't create the rules, and that's a disadvantage to us as even if we have unlimited funds, we will never win against a casino who always have the edge over us. They are in business, they would be out of business if they will not protect their interest, that's the simple logic.

[Silberman]

And even if a player appeared that had more money than the casino itself the casinos have put in place limits to how much money you can use on each bet, which means that if you double your bet each time you lose even if you begin with a bet as small as one satoshi, supposing that you can make a bet that low, eventually you are going to lose enough times to reach that limit guaranteeing that you will lose money with this strategy no matter what you do.

That's the big thing some people missed, they thought they can just use their method without limitation but there is, we are just gambling, we don't create the rules, and that's a disadvantage to us as even if we have unlimited funds, we will never win against a casino who always have the edge over us. They are in business, they would be out of business if they will not protect their interest, that's the simple logic.

Which by the way they are within their rights to do so, some see casinos having an edge over the player as something unfair but they do not understand that every single business gives themselves an edge, after all if you buy a car do you really think that car had the same cost that you are paying? Of course not, the car was cheaper to produce but the seller needs to charge more because they need to obtain profits, compared to that the gambling industry has probably the lowest margins of profits on their favor, so we need to appreciate it and gamble only for fun instead of trying to obtain profits from the activity.

[Kyraishi]

So, based on this math, after you have played 56 games, statistically speaking, you have a less than 1% chance that you will not have gone nearly bankrupt.

Precisely this.

Given a finite bankroll and infinite events, you are guaranteed to be bankrupt as a matter of time. There is no scenario in which your bankroll will survive playing a negative EV game thousands of times.

You're much better off from a time and electricity perspective to just enjoy yourself and YOLO your balance in a few manual bets. Running a martingale strategy or a variant of the martingale strategy on a paid dicebot simply doesn't make sense - you're wiping away the variance that could make you money in the short term, whilst paying more subscription fees on top of the -EV you're dealing with.

[chaser15]

You're much better off from a time and electricity perspective to just enjoy yourself and YOLO your balance in a few manual bets.

Or the users, if they really want to use martingale, then be brave enough to put some decent amount.

After a winning for let's say on the 4th or 5th bet after the losing streak, don't get too excited or be carried away and just get out and called it done for that day.

Come back tomorrow with the same betting style and repeat the process. At least, it's not a one-day busted as the bankroll is properly managed. Just pray that luck will always come to them.

[Wexnident]

Come back tomorrow with the same betting style and repeat the process. At least, it's not a one-day busted as the bankroll is properly managed. Just pray that luck will always come to them.

Yea because it'll become a multi-day bust for your bankroll . No kidding though, the only way you'd actually win with martingale if is you stop using it. Martingale isn't a strategy to profit, it's a strategy to even out your losses, meaning to play without losing anything, nothing more, nothing else. Even a decent amount of bankroll would still kill itself given a matter of time. In the end, if you're going to pray for luck, do it big in a way that you'd actually get something. If you're gonna lose it, might as well go for the chance that would let you win, and not one that would let you get nothing (or lose actually)

[imstillthebest]

Come back tomorrow with the same betting style and repeat the process. At least, it's not a one-day busted as the bankroll is properly managed. Just pray that luck will always come to them.

Yea because it'll become a multi-day bust for your bankroll . No kidding though, the only way you'd actually win with martingale if is you stop using it. Martingale isn't a strategy to profit, it's a strategy to even out your losses, meaning to play without losing anything, nothing more, nothing else. Even a decent amount of bankroll would still kill itself given a matter of time. In the end, if you're going to pray for luck, do it big in a way that you'd actually get something. If you're gonna lose it, might as well go for the chance that would let you win, and not one that would let you get nothing (or lose actually)

i do martingale for waggering because it can gain what i lose earlier but its hard if you play for profit using martingale  . if we want to profit we can bet the normal way  .
when it comes to managing our bankroll , we can do it with or without martingale but all we only need is self control . set aside some balance to play and after you lose it or win it , stop and come back again next time .

[ShowOff]

Whatever strategy is used for the purpose of winning, it may never be suitable for use in the long run. The Martingale is one of the most popular strategies among many other gambling strategies. I use that strategy most of the time in dice games, but I can never get out of the bet with a win. Quitting after winning, quitting after losing limit is reached and coming back tomorrow is a great way to control gambling and money.

Everyone wants to win bet and not a few of them continue to chase victory even though they have lost many times. When gambling has become a place to make money, then that's when problems will come for gamblers. It might be easy to say that I can control it, but the truth is it's not at all as easy as it sounds.

[jaberwock]

quitting after losing limit is reached and coming back tomorrow is a great way to control gambling and money.

This is the reason to conquer by making use of martingale strategy, we must need unlimited bankroll or a bankroll which is bigger than gambling house's . All jokes apart, when you have a plan of resuming on the next day then probably you will never have a control on your gambling. I mean that you may gamble on next days but that should not be a planned one after a loss. Start a day afresh and with limited bankroll and then forget it for some days and finally resume after a long gap or forget completely by gagging in life's other priorities.

[ShowOff]

This is the reason to conquer by making use of martingale strategy, we must need unlimited bankroll or a bankroll which is bigger than gambling house's .

No, I've never done that for over $100 and I wouldn't recommend anyone to it even if they had $100K. It's too crazy for anyone to actually want to win all the balance on a gambling site's bankroll because it's like suicide.

All jokes apart, when you have a plan of resuming on the next day then probably you will never have a control on your gambling. I mean that you may gamble on next days but that should not be a planned one after a loss. Start a day afresh and with limited bankroll and then forget it for some days and finally resume after a long gap or forget completely by gagging in life's other priorities.

Coming back tomorrow doesn't necessarily mean the next day. But one can do it when they are ready for it. Limiting the amount of money you want to spend, and quitting once one of the target is reached will still be useful to prevent more losses and enjoy winning.