Martingale revisited

[deisik]

Stay tuned and follow the thread!

How is your portfolio looking after next almost full month? Are you still beating the casino or sadly hit into killing strike? Don't get me wrong. I wish you luck and lots of profit. I just don't believe in any gambling system and wanted to see if yours is still working.

I hold the same opinion in this regard. There are no strategies and tricks that can assure victory to gamblers, it is all about fate. If a player is destined to face failure, he can never ever turn it into win by making more efforts or increasing amount. If a strategy is working for a person today, it wont for tomorrow. Why would house let the gambler only win? That is not the way of doing business certainly

They have to allow some of them

As long as the majority think it is impossible to win. Casinos cannot but allow some people to win and then let them run away with the spoil since otherwise no one would be playing. This is a required trade-off (even though many casinos nowadays are laying themselves out to skew it in their favor by every means available like KYC/AML requirements), and as long as most players lose in the end, it is okay (read, it is quite the opposite of "that is not the way of doing business certainly"). In fact, I probably shouldn't even have started this thread as it could potentially change such attitudes (like "it is all about fate")

[1714712656]

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[1714712656]

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[1714712656]

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[Webetcoins]

Stay tuned and follow the thread!

How is your portfolio looking after next almost full month? Are you still beating the casino or sadly hit into killing strike? Don't get me wrong. I wish you luck and lots of profit. I just don't believe in any gambling system and wanted to see if yours is still working.

I hold the same opinion in this regard. There are no strategies and tricks that can assure victory to gamblers, it is all about fate. If a player is destined to face failure, he can never ever turn it into win by making more efforts or increasing amount. If a strategy is working for a person today, it wont for tomorrow. Why would house let the gambler only win? That is not the way of doing business certainly

They have to allow some of them

As long as the majority think it is impossible to win. Casinos cannot but allow some people to win and then let them run away with the spoil since otherwise no one would be playing. This is a required trade-off (even though many casinos nowadays are laying themselves out to skew it in their favor by every means available like KYC/AML requirements), and as long as most players lose in the end, it is okay (read, it is quite the opposite of "that is not the way of doing business certainly"). In fact, I probably shouldn't even have started this thread as it could potentially change such attitudes (like "it is all about fate")

But in this scenario, saying it wont be wrong either that those gamblers who get allowed by the casino to enjoy long win streaks are actually people of the casino business or may be someone that got hired to do this job for a specific amount. Even if these are some random guys, still the house never get hurts because the amount of money is so small as compared to ultimate benefits that will be earned.

[deisik]

As long as the majority think it is impossible to win. Casinos cannot but allow some people to win and then let them run away with the spoil since otherwise no one would be playing. This is a required trade-off (even though many casinos nowadays are laying themselves out to skew it in their favor by every means available like KYC/AML requirements), and as long as most players lose in the end, it is okay (read, it is quite the opposite of "that is not the way of doing business certainly"). In fact, I probably shouldn't even have started this thread as it could potentially change such attitudes (like "it is all about fate")

But in this scenario, saying it wont be wrong either that those gamblers who get allowed by the casino to enjoy long win streaks are actually people of the casino business or may be someone that got hired to do this job for a specific amount. Even if these are some random guys, still the house never get hurts because the amount of money is so small as compared to ultimate benefits that will be earned

I don't really know as I'm not the one hired by them (in case that was your point) nor the one involved in this business other than by being a simple player and a "random guy" (as you dubbed it) just like many other such players and guys here and elsewhere. On the other hand, I can't quite agree with your opinion that it doesn't make any substantial difference to the casino, I mean letting some exceptionally smart players win all the time. These are definitely a nagging pain in the casino's ass. And the evidence is compelling and conclusive if you ask me. There are only a few casinos that actually allow what is described in this topic in the way it should be implemented

That essentially means they do indeed care

[TheGreatPython]

BTW why did you choose wolf.bet ? I think that house edge is very important in such system. Cryptogames has 0.8% instead of 1%. It also let you bet once per 10 milliseconds (6000 bets per minute 360 000 per hour - 12 M in 1.5 day)

Do they have doges and what is the minimum bet amount there?

Yes,,, they have doges at Cryptogames. Minimum bet is 1 doge though so maybe you do not have enough bankroll. I play on satoshi there because of 1 satoshi min and 0.8% edge. The only thing is what he did not tell you is that the high speed bet is only for VIP players (most wagered in month) or for all players on Monday (today).

House edge very important for martingale;)

Actually when I was new with dice game I did something that worked for me nicely initially, yes there were sessions with loss but mostly I was on the better side of the luck.

My strategy was : bet on 66.6% win chance and make 1 satoshi bet initially until you get at least 2 losses in a row and then increase the stake to 0.1% of balance and if still lost, increase amount by 3x and once you win, just reset.

Personally worked nicely for me, but then again as I did it for larger number of rolls, I faced the sad reality.

[deisik]

My strategy was : bet on 66.6% win chance and make 1 satoshi bet initially until you get at least 2 losses in a row and then increase the stake to 0.1% of balance and if still lost, increase amount by 3x and once you win, just reset.

Personally worked nicely for me, but then again as I did it for larger number of rolls, I faced the sad reality

People are massively underestimating the power of variance

Or, which is essentially the same, the potentially devastating effect of outliers. You can run a particular martingale setup for days on end, and not see a losing streak longer than, say, 10 reds. This gives you a false and utterly destructive sense of safety and confidence. Then reality kicks in, and you hit, or got hit by, an outlier like 20 reds in a row all of a sudden, after which your balance is emptied. You should expect losing streaks up to 25 reds on a 50% win chance if you want to stay in the game long enough

[Tytanowy Janusz]

You should expect losing streaks up to 25 reds on a 50% win chance if you want to stay in the game long enough

It does not matter how many streaks you can survive. If you can survive 25 than your portfolio has be 2^25 times bigger than your initial bet. To double you need to play at least 2^26 times. That gives us 1/2 probability of dying before doubling.
If you can survive only 5 red in a row your portfolio has to be 2^5 times bigger than your initial bet. To double you need to play at least 2^6 times. That gives us 1/2 probability of dying before doubling. Its the same. In both scenario you have 50% chance to double.

[deisik]

You should expect losing streaks up to 25 reds on a 50% win chance if you want to stay in the game long enough

It does not matter how many streaks you can survive. If you can survive 25 than your portfolio has be 2^25 times bigger than your initial bet. To double you need to play at least 2^26 times. That gives us 1/2 probability of dying before doubling

Well, there seems to be a lot of confusion about the approach described in this topic

Regardless, my stats are here for everyone to see and check for themselves. I'm sorry to repeat it but you don't have to earn by winning only your initial bet at the end of the losing streak. Technically, you can set the increase on loss as high as you find appropriate as long as your risks of busting are contained

Apart from that, you seem to completely discard the essence of my approach, that you earn through variance, and for that you don't need to roll 2^26 times to double your portfolio, let alone at least. Somehow I thought I had made that point abundantly clear but it looks like I failed

[Yatsan]

Hi just want to share my experience. 

Martingale strategy works for me, but not in a dice game, it works for me in a crash game where every player is against the house. At first, I am afraid to use this strategy because I will likely to lose in the long term. But surprisingly, I won and tripled my money, so I cash out my winnings and return to my base capital. The losing streak is just hitting the maximum of 8, after that, it will automatically win. That's what happens to me until now I am using it, maybe after I got emptied, I will stop on betting on that site, but yeah, it's a win for me.

[mitchr4]

Hi just want to share my experience. 

Martingale strategy works for me, but not in a dice game, it works for me in a crash game where every player is against the house. At first, I am afraid to use this strategy because I will likely to lose in the long term. But surprisingly, I won and tripled my money, so I cash out my winnings and return to my base capital. The losing streak is just hitting the maximum of 8, after that, it will automatically win. That's what happens to me until now I am using it, maybe after I got emptied, I will stop on betting on that site, but yeah, it's a win for me.

I don't think it works on the Crash game because using that strategy is the same when you play the Dice game and others. You are only lucky in that game, I don't know how you play but if you play in each round you can lose 8 times in a row, it is not guaranteed after waiting 8 times losing streak on the next bet you will win, the chance of losing still exists even more than that.

[V1saya]

Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.

[docthusinh]

Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.

That's because you follow the major, what I can tell is it work, just don't be greedy and be persistence.

FYI: https://imgur.com/Zec47lS

It's currently passed 50 million bets mark and is this a non work case?, and if you are still around i will show you once it get to 100m mark and still in bigger profit.

[GreatArkansas]

Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.

That's because you follow the major, what I can tell is it work, just don't be greedy and be persistence.

FYI: https://imgur.com/Zec47lS

It's currently passed 50 million bets mark and is this a non work case?, and if you are still around i will show you once it get to 100m mark and still in bigger profit.

docthsinh also have point, but I think it will also differ on how you do it your martingale strategy. I saw some different martingale strategy online, like they modified it or have some tweaks, but I still keep losing, lol.

Btw,  V1saya, can you share what kind of martingale you using or how it works?

[deisik]

Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.

That's because you follow the major, what I can tell is it work, just don't be greedy and be persistence.

FYI: https://imgur.com/Zec47lS

Greed and impatience are killing the wannabe martingalers

Anyone seriously considering using martingale should honestly ask themselves what they are actually looking for. Martingale is a long-distance journey which requires a great deal of patience. In simple terms, it is not a hit-and-run strategy, so if you are greedy and impatient (apart from lacking an ability to correctly assess your chances to stay in the game), this approach is probably not your thing

[docthusinh]

docthsinh also have point, but I think it will also differ on how you do it your martingale strategy. I saw some different martingale strategy online, like they modified it or have some tweaks, but I still keep losing, lol.

Btw,  V1saya, can you share what kind of martingale you using or how it works?

FYI a certain thing is what every strategy posted online will not work for your case. Simple thinking is that why would one would publish it for everyone to benefit from. As for my case I wrote a program my own, implement logics and calculations my own which is unique, and to tell that would it ever be published then the answer is no unless i can find a way to bind it to my benefit and also need to limit the spreading of it.

[Haunebu]

Anyone seriously considering using martingale should honestly ask themselves what they are actually looking for. Martingale is a long-distance journey which requires a great deal of patience. In simple terms, it is not a hit-and-run strategy, so if you are greedy and impatient (apart from lacking an ability to correctly assess your chances to stay in the game), this approach is probably not your thing

I agree. Martingale does work in the short term and can even work in the long term if implemented in a smart manner through various tweaks. This strategy will never provide a 100% win rate due to the HE, but it can help you come out on top overall.

So many people tend to underestimate how powerful this strategy truly is if coupled with tweaks. Progression strategies like Martingale are meant to help gamblers use their bankroll smartly though tweaks are necessary.

[1982dre]

Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.

That's because you follow the major, what I can tell is it work, just don't be greedy and be persistence.

FYI: https://imgur.com/Zec47lS

Greed and impatience are killing the wannabe martingalers

Anyone seriously considering using martingale should honestly ask themselves what they are actually looking for. Martingale is a long-distance journey which requires a great deal of patience. In simple terms, it is not a hit-and-run strategy, so if you are greedy and impatient (apart from lacking an ability to correctly assess your chances to stay in the game), this approach is probably not your thing

Guess the most users thinks the profit goes to slow and start playing to big compared with their balance.

[docthusinh]

Only newbies will do this strategy. This is a big no-no especially on auto betting. You will come back with an empty balance. I usually do manual on dice games. When I do auto betting, it will be minimal amount.

Maybe martingale works against a peer to peer betting. But against a rich casino with a house-edge. No way.

That's because you follow the major, what I can tell is it work, just don't be greedy and be persistence.

FYI: https://imgur.com/Zec47lS

Greed and impatience are killing the wannabe martingalers

Anyone seriously considering using martingale should honestly ask themselves what they are actually looking for. Martingale is a long-distance journey which requires a great deal of patience. In simple terms, it is not a hit-and-run strategy, so if you are greedy and impatient (apart from lacking an ability to correctly assess your chances to stay in the game), this approach is probably not your thing

Guess the most users thinks the profit goes to slow and start playing to big compared with their balance.

That's the major issue of why most of the players are losing, to success the player must have enough patient and perisistence. With some programming skill anyone can make a betting strategy that fit them in which they will not lose in a specific time frame, the thing is how each of the players define that time frame. I personally bind it to the bet count, in which current target is not losing after 500,000,000 bets and to translate it to actual time required 500,000,000 / 4 / 3600 / 24 = 1446 days (where 4 is the desired bet per second according to my network connection speed to the casino site), long enough to enjoy the game, and who know by that time, the earning during the process can help to last longer (aka ability to beat a bigger losing streak that is unlikely to occur). There is an important key measure is the "earning speed" in which if you can earn fast enough in a given time frame so that in the event of an extremely rare losing streak occur the earning + initial capital is large enough to help to beat that rare losing streak. I have a key stat which is the rate of earning per total wagered amount (currently at 8%+), as long as i keep it higher than the house edge, the final result should come out possitive since a common house edge is 1% the casino is expected to earn from me 1% of wagered amount, however since my rate is 8%, there is still a big gap of 7% so that the house edge can't eat my capital+ earning (unless the casino decided to raise it house edge to above 8% which is likely a NEVER happening thing).

[deisik]

I have a key stat which is the rate of earning per total wagered amount (currently at 8%+), as long as i keep it higher than the house edge, the final result should come out possitive since a common house edge is 1% the casino is expected to earn from me 1% of wagered amount, however since my rate is 8%, there is still a big gap of 7% so that the house edge can't eat my capital+ earning (unless the casino decided to raise it house edge to above 8% which is likely a NEVER happening thing)

All good but be aware that you are supposed to lose

I mean the casino expects you to lose eventually. If, on the other hand, you are not losing and going on, actually sucking in money from the casino instead, they may not quite like it. As long as the amount thus lost by the casino is not great, they may turn a blind eye to your actions as other people trying to follow the approaches described in this thread could compensate for the casino loss through their own loses. However, if you are winning big, don't be surprised to get kicked out at the end of the day, and probably not in the way you may like it or at least find acceptable and appropriate (read, prepare yourself for really ugly and nasty things)

[smyslov]

I have a key stat which is the rate of earning per total wagered amount (currently at 8%+), as long as i keep it higher than the house edge, the final result should come out possitive since a common house edge is 1% the casino is expected to earn from me 1% of wagered amount, however since my rate is 8%, there is still a big gap of 7% so that the house edge can't eat my capital+ earning (unless the casino decided to raise it house edge to above 8% which is likely a NEVER happening thing)

All good but be aware that you are supposed to lose

I mean the casino expects you to lose eventually. If, on the other hand, you are not losing and going on, actually sucking in money from the casino instead, they may not quite like it. As long as the amount thus lost by the casino is not great, they may turn a blind eye to your actions as other people trying to follow the approaches described in this thread could compensate for the casino loss through their own loses. However, if you are winning big, don't be surprised to get kicked out at the end of the day, and probably not in the way you may like it or at least find acceptable and appropriate (read, prepare yourself for really ugly and nasty things)

Yeah that's true that always be the case  as long as the house is not losing a lot, they will let you win and make you feel you are having your lucky day, but expect them to get back at you at any point of time, maybe tomorrow maybe the next day, they are not in a hurry to make profit out of you, but they always will.

[deisik]

I have a key stat which is the rate of earning per total wagered amount (currently at 8%+), as long as i keep it higher than the house edge, the final result should come out possitive since a common house edge is 1% the casino is expected to earn from me 1% of wagered amount, however since my rate is 8%, there is still a big gap of 7% so that the house edge can't eat my capital+ earning (unless the casino decided to raise it house edge to above 8% which is likely a NEVER happening thing)

All good but be aware that you are supposed to lose

I mean the casino expects you to lose eventually. If, on the other hand, you are not losing and going on, actually sucking in money from the casino instead, they may not quite like it. As long as the amount thus lost by the casino is not great, they may turn a blind eye to your actions as other people trying to follow the approaches described in this thread could compensate for the casino loss through their own loses. However, if you are winning big, don't be surprised to get kicked out at the end of the day, and probably not in the way you may like it or at least find acceptable and appropriate (read, prepare yourself for really ugly and nasty things)

Yeah that's true that always be the case  as long as the house is not losing a lot, they will let you win and make you feel you are having your lucky day, but expect them to get back at you at any point of time, maybe tomorrow maybe the next day, they are not in a hurry to make profit out of you, but they always will

And what's the bottom line, huh?

Right, we should stay below their radar at all times, and that would probably mean spreading our operation across a few "trusted" casinos. In this way, we could squeeze the maximum amount of profits without attracting too much attention lest we get kicked out. I would consider it an entirely new level at building our gambling empire. Now that we have beaten the house, it's time to beat the entire gambling industry