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

[lienfaye]

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.

Thats true, its easy to said than done. Thats why gambling should not be treated as a money making habit because you will only lose more than winning. I've been there already, I thought its an easy way to double my money but the truth is it can lead you to a worse scenario. The martingale strategy cant help you to get back what you've lost if you're not lucky and its a fact.

[barbara44]

There is no "why" in any strategy about how they suck. Strategy doesn't work in gambling, there is a house edge and as long as you keep gambling there is no way that you could actually win, you are going to end up losing. This doesn't mean that you can't have a win in the middle of the road, like let's say you start with 100 bucks, bet one dollar each bet, get to a million dollars, now you think that is a huge win right?

If you withdraw yes that's right, and if you just get out and stop that is right, but as long as you keep gambling with it? Then you are going to lose all of that million dollars.

So there is no strategy that works in the long run, if you ever want to gamble and walk out with money, you have to get lucky first and win something and then you need to stop gambling ever again in your entire life and cash that profit out and never look back, that is the only possible way.

[Quidat]

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.

Thats true, its easy to said than done. Thats why gambling should not be treated as a money making habit because you will only lose more than winning. I've been there already, I thought its an easy way to double my money but the truth is it can lead you to a worse scenario. The martingale strategy cant help you to get back what you've lost if you're not lucky and its a fact.

When you do really think of gambling to be a main source of income or money then this is where wrong motivation comes in which would really result into those negative or unfortunate events in life.
Dont make yourself believe that gambling could really make your rich or does make out some guaranteed profits because it doesnt really work that way but rather the opposite one.
When it comes to martingale system then this had been the common strategy being used in ages.Lots had been saying that it isnt really working at all or does really bust you easily
but to think that this isnt been created to make profits in the first place. So better be aware on what you are doing in the gambling field.

[Sanitough]

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.

Thats true, its easy to said than done. Thats why gambling should not be treated as a money making habit because you will only lose more than winning. I've been there already, I thought its an easy way to double my money but the truth is it can lead you to a worse scenario. The martingale strategy cant help you to get back what you've lost if you're not lucky and its a fact.

When you do really think of gambling to be a main source of income or money then this is where wrong motivation comes in which would really result into those negative or unfortunate events in life.
Dont make yourself believe that gambling could really make your rich or does make out some guaranteed profits because it doesnt really work that way but rather the opposite one.
When it comes to martingale system then this had been the common strategy being used in ages.Lots had been saying that it isnt really working at all or does really bust you easily
but to think that this isnt been created to make profits in the first place. So better be aware on what you are doing in the gambling field.

That's the reality for most of us but not for some gamblers who really made it successful in treating gambling as a source of income. I know only a few would understand as it's not really easy to consider gambling as a source of income, when you are true to that, you need to be smart and thinking gambling could be a source of income, that means you yourself had proven that you have some consistency in winning.

[paxmao]

It is incredible that people even consider the martingale. Is as old as life and yet still somehow it captures the imagination of players that keep on loosing money either with the original scheme or with many variations aimed to increase the chances. The fact is that:
- Statistically, you may loose an indefinite amount.
- The limit of bets puts an effective limit to the system.
- If it worked, it would be banned. Casinos like wining only.

So, users are either illiterate or they just don´t even bother to google it.

[zanezane]

It is incredible that people even consider the martingale. Is as old as life and yet still somehow it captures the imagination of players that keep on loosing money either with the original scheme or with many variations aimed to increase the chances. The fact is that:
- Statistically, you may loose an indefinite amount.
- The limit of bets puts an effective limit to the system.
- If it worked, it would be banned. Casinos like wining only.

So, users are either illiterate or they just don´t even bother to google it.

Because it works sometimes for other players that's why they try to spread the word that it works when it's a wolf in sheep's clothing, the concept for this system is that it tries to make you breakeven and you are hoping that in a consecutive loss, you will eventually hit the win and win back all the losses. In reality it's quite stupid to do this because you are basically losing money much faster than a regular unsystematic way of gambling.

[Pamadar]

It is incredible that people even consider the martingale. Is as old as life and yet still somehow it captures the imagination of players that keep on loosing money either with the original scheme or with many variations aimed to increase the chances. The fact is that:
- Statistically, you may loose an indefinite amount.
- The limit of bets puts an effective limit to the system.
- If it worked, it would be banned. Casinos like wining only.

So, users are either illiterate or they just don´t even bother to google it.

Because it works sometimes for other players that's why they try to spread the word that it works when it's a wolf in sheep's clothing, the concept for this system is that it tries to make you breakeven and you are hoping that in a consecutive loss, you will eventually hit the win and win back all the losses. In reality it's quite stupid to do this because you are basically losing money much faster than a regular unsystematic way of gambling.

We can say that a lucky day gives gamblers opportunities to win using this system,

But in the long run it will end up the same way as how those who suffered from this strategy are saying, house always have the advantage

and with un-control emotions you can lose so much using this system. Best to play some random strategy, who knows when luck permits you and walk away with decent profits.

[zanezane]

~

We can say that a lucky day gives gamblers opportunities to win using this system,

But in the long run it will end up the same way as how those who suffered from this strategy are saying, house always have the advantage

and with un-control emotions you can lose so much using this system. Best to play some random strategy, who knows when luck permits you and walk away with decent profits.

No such thing as lucky day, remember that gambling is all math, statistics and probability, we just don't know how to explain it to ourselves that's why we call it luck. Of course anything that is likely to make you lose money is going to hurt you in the long run, I think there's no exceptions to that.

[FatFork]

No such thing as lucky day, remember that gambling is all math, statistics and probability, we just don't know how to explain it to ourselves that's why we call it luck. Of course anything that is likely to make you lose money is going to hurt you in the long run, I think there's no exceptions to that.

Obviously, some believe in luck, some believe in a higher power, God or a deity, but my point is, if everyone only thought strictly about math and probabilities, no one would never gamble. You cannot deny that sometimes in life you get 'surprises.' 

After all, the odds are a totally mathematical number, while randomness or luck is an unseen element. It is random and it happens. The odds do not affect the outcome of the bet; they only serve to predict the probability of success.

[Peanutswar]

There are a lot of people trying to do this kind of strategy double your wage when you lose one time in some cases it works because I saw different gamblers online doing this kind of strategy well and it's quite effective but in some cases, they need to wage up to 3 - 5 times base on my experience before they taking back their profit which is too much money to lose but still it's on the risk of the player. Some of them are trying to check the round when they win and they are trying to make a speculation on that time they will win again which is just a risky play to do.

[MCobian]

There are a lot of people trying to do this kind of strategy double your wage when you lose one time in some cases it works because I saw different gamblers online doing this kind of strategy well and it's quite effective but in some cases, they need to wage up to 3 - 5 times base on my experience before they taking back their profit which is too much money to lose but still it's on the risk of the player. Some of them are trying to check the round when they win and they are trying to make a speculation on that time they will win again which is just a risky play to do.

However, the risk is very high using the double your wage strategy, because we can lose large amounts of money if we fail. If our goal is to play
gambling just for entertainment, I really don't recommend using the martingale system which can indeed make very big losses. Which based on
my own experience using the martingale strategy only made my money run out in a short time. I admit I have also managed to recover my losses
several times with the martingale strategy, but that is very rare. The conclusion is that the martingale strategy is very risky and my advice should
not be used in the long term.

[Silberman]

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.

There are strategies that can be used to win at the casino, the casinos know about them but they are there, an example of this is card counting in blackjack in which you assign numbers to certain cards and you begin to count them and once the count is in your favor then you have greater chances to get good cards and if you raise your bet during those instances then you have chances to beat the house, but any strategy that depends on betting patterns is never going to change the EV of the game and as such is useless.

[mv1986]

There are a lot of people trying to do this kind of strategy double your wage when you lose one time in some cases it works because I saw different gamblers online doing this kind of strategy well and it's quite effective but in some cases, they need to wage up to 3 - 5 times base on my experience before they taking back their profit which is too much money to lose but still it's on the risk of the player. Some of them are trying to check the round when they win and they are trying to make a speculation on that time they will win again which is just a risky play to do.

However, the risk is very high using the double your wage strategy, because we can lose large amounts of money if we fail. If our goal is to play
gambling just for entertainment, I really don't recommend using the martingale system which can indeed make very big losses. Which based on
my own experience using the martingale strategy only made my money run out in a short time. I admit I have also managed to recover my losses
several times with the martingale strategy, but that is very rare. The conclusion is that the martingale strategy is very risky and my advice should
not be used in the long term.

It is a bad strategy unless you set a limit and go with the gamble. Maybe double down five times or so, but it will ultimately make you lose if you repeat that just often enough. It comes down to pretty much the same result as the statistics of OP prove very well.

[freedomgo]

It is a bad strategy unless you set a limit and go with the gamble. Maybe double down five times or so, but it will ultimately make you lose if you repeat that just often enough. It comes down to pretty much the same result as the statistics of OP prove very well.

If you will not set a limit, the gambling site will, and as a gambler, you don't have an unlimited bankroll so you need to manage the bankroll. Doubling down every bet but only up to certain numbers, is not what we called as Martingale method as the martingale method explains that you'll only stop doubling when you win, so if you have like 20 losing streak, you have to continue to double your last bet in order to qualify.

[Hamphser]

It is a bad strategy unless you set a limit and go with the gamble. Maybe double down five times or so, but it will ultimately make you lose if you repeat that just often enough. It comes down to pretty much the same result as the statistics of OP prove very well.

If you will not set a limit, the gambling site will, and as a gambler, you don't have an unlimited bankroll so you need to manage the bankroll. Doubling down every bet but only up to certain numbers, is not what we called as Martingale method as the martingale method explains that you'll only stop doubling when you win, so if you have like 20 losing streak, you have to continue to double your last bet in order to qualify.

Simply double on loss because doubling on the time you win is reverse martingale as we all know but i havent tried it out though even using up martingale is really risky if you dont know

on when to get out.I dont see the worthiness on doubling bet on losses as you hit some wins then you do earn back on what you bet and of course a little bit amount of win.

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

[ene1980]

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

 Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

[ethereumhunter]

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

If a gambler can win using the same strategy for a short time, it is better for him to stop gambling, save and withdraw the win money and get out of the casino. But from what I see, we are difficult to win in a short time, so it is not easy for us to win for a long time. But we can stop anytime from playing gambling, especially if we can see that we can not win from the previous rounds.

I will see and observe my first ten rolls and if I see that I can win more than 5-6 rounds, I will continue to play for the next 5 rounds. But after that, if I can only win 2 times in a row, I will quit that game.

[Ziskinberg]

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

If a gambler can win using the same strategy for a short time, it is better for him to stop gambling, save and withdraw the win money and get out of the casino. But from what I see, we are difficult to win in a short time, so it is not easy for us to win for a long time. But we can stop anytime from playing gambling, especially if we can see that we can not win from the previous rounds.

I will see and observe my first ten rolls and if I see that I can win more than 5-6 rounds, I will continue to play for the next 5 rounds. But after that, if I can only win 2 times in a row, I will quit that game.

No gambler would stop when he is winning unless he wins a big amount like winning in a lottery. We gamblers always aim to win more, we also try to experiment in finding a ways to more consistent in gambling as we believe that once we become consistent in winning, then we can maximize our profit here and this could be the easiest job for us that would fulfill our dreams.

[stadus]

No gambler would stop when he is winning unless he wins a big amount like winning in a lottery.

Exactly, but our chance in the lottery is very slim, lower than 1%, or probably only 1 will win for every 1 million people, or maybe that's not a conservative analysis. The thing is, it always depends on our mindset, if we think of gambling as a source of income, so we will continue to gamble because of that belief, but we also have to be smart at the same time as that's the only way we can make it possible, unfortunately, most of us who have that kind of aim are not smart.

We gamblers always aim to win more, we also try to experiment in finding a ways to more consistent in gambling as we believe that once we become consistent in winning, then we can maximize our profit here and this could be the easiest job for us that would fulfill our dreams.

It's also necessary to choose the right game, any game with a house edge is not a good game to focus on, you'll never have the consistency there as it's the house who are consistent due to their house edge.

[Vaskiy]

Imagining and considering the house edge then you would really be on the risk on busting out in no time.Its just really hard to prolonging the game on just depending with this common strategy.

I doubt whether any of the strategy will work in the long run, when i started betting i thought it was easy to win as i was winning most of the time and when time went on, the strategy started backfiring and it is hard to predict.

Usually in the past i had a routine, before rolling big i would roll with small bets for a while and analyze how my seed is and then start increasing my bet amount and for a while it was successful but then you will end up loosing, you need to be really lucky to win in the long run.

If a gambler can win using the same strategy for a short time, it is better for him to stop gambling, save and withdraw the win money and get out of the casino. But from what I see, we are difficult to win in a short time, so it is not easy for us to win for a long time. But we can stop anytime from playing gambling, especially if we can see that we can not win from the previous rounds.

I will see and observe my first ten rolls and if I see that I can win more than 5-6 rounds, I will continue to play for the next 5 rounds. But after that, if I can only win 2 times in a row, I will quit that game.

No gambler would stop when he is winning unless he wins a big amount like winning in a lottery. We gamblers always aim to win more, we also try to experiment in finding a ways to more consistent in gambling as we believe that once we become consistent in winning, then we can maximize our profit here and this could be the easiest job for us that would fulfill our dreams.

In most cases, when an user is experiencing continued winning he/she'll go for a high amount betting which is what makes them end the game emptying the wallet. Being consistent in gambling is really a tough think, because when we face loss automatically we'll go out of control. Maybe a very few take the right exit and comes back after a break.