Does Martingale strategy increase your chance of winning?

[SirLancelot]

As a strategy and money management system, horrible, you are guaranteed to lose or make very unimpressive percentage returns.

However, in short term scenarios when a revert to mean is highly expected, a grid system or a modified martingale can be applied with pleasant results; for example it's a popular approach in FX trading, when after massive moves a currency mean reversion becomes highly likely...

You sound like you have had an experience with the strategy and I feel you are still hurt also. It’s one of those things in the game sometimes we lose and sometimes we gain. I still feel pained to know that I actually paid to learn this terrible strategy that made me loose. It’s one thing to just get to know about a strategy, try it out and it fails and it is another thing to actually pay to learn a wrong strategy.

In 2018, I met a so called gambling expert that promised to expose my eyes to everything I need to know about online gambling and how to become entirely successful and make cool money, I paid about $50 for this lesson and he talk me the best secret to winning in gambling is the strategy which I tried but I lost all my money. It still hurts but I must learn to let go.

[1715164921]

1715164921

[1715164921]

1715164921

[1715164921]

1715164921

[ethereumhunter]

For those who does not experience using this method, they might think that it will improve their chance of winning because they might think losing x10 in a row is impossible. But, for people like me, I would say it's not a working method, hence it will never increase the chance of winning in dice game, in fact, I would call this a recipe for disaster as it's like chasing your loses until you got rekt.

In as much as I don’t really get the calculation accurately right, I am still of the opinion that this martingale strategy   is not as bad as it is been portrayed because I have seen a lot of gamblers that have been successful using this same strategy although I really do not understand how they go about it.

There should be a definitive approach to every decision on how to use a strategy and it is not the strategy itself that does the magic, the chance of either winning or losing 10x in a row is dependent on the player, like I said earlier I have little knowledge about this strategy and I am definitely not in the position to talk about it, I don’t use strategies and I prefer to have my game played not minding if I make loses or win.

I'd like to know if what type of gambling game they are successful and are they successful in long term or short term only?

Those are the things that are necessary for me to know, because I don't believe that one can be successful in games where there is a house edge using the martingale strategy, our only chance of winning here is when we are too lucky to hit a big multiplier, but other than that, all our effort will just end up a losing effort.

actually there is no right strategy to be able to always multiply the victory until it reaches 10x, because almost most people win in gambling only from luck or hockey that he got on that day

Besides that way, there is no other way for gamblers to win in any gambling games. The luck factor will be the one factor that will determine we can win. Maybe the strategy will only give you a chance to defend your money, but that will not be a long time since, in the gambling games, the money will come to the house without we can prevent unless we stop from playing gambling.

[jostorres]

There should be a definitive approach to every decision on how to use a strategy and it is not the strategy itself that does the magic, the chance of either winning or losing 10x in a row is dependent on the player, like I said earlier I have little knowledge about this strategy and I am definitely not in the position to talk about it, I don’t use strategies and I prefer to have my game played not minding if I make loses or win.

I love how you ended your statement and I would like to quote you by your statement again. You are truly not in a position to make any statement regarding the strategy because you have rightly admitted that you do not have any knowledge about this strategy and how it works, so I advise you erase the aspect of those you think are using the strategy and succeeding with it, as much we cannot guarantee if that is what they are truly using or just paid to hype it.

In my opinion, I dislike the martingale strategy, I have only tried it once and it failed, it never increases the chances of winning but rather would make you lose even more than you envisage.

[ashmodeus]

well , Martingle.
first time i using that on primedice a few years ago.
and after it , i using that on another dice site , also on blackjack game.
and as long I use it.
it not incrasing ur chance of winning, it just give u a constant profit if u using that strategy constanly.

[FIFA worldcup]

well , Martingle.
first time i using that on primedice a few years ago.
and after it , i using that on another dice site , also on blackjack game.
and as long I use it.
it not incrasing ur chance of winning, it just give u a constant profit if u using that strategy constanly.

Are you always winning from this ? I feat that Martingale strategy is like chasing the losses, and if we do not win in between, we may lose our entire balance in this process. The Martingale strategy become really tense if we have continuous losses and we keep on increasing the amount on every bet. I do not know about others but i feel it's really scary sometimes.

[ashmodeus]

well , Martingle.
first time i using that on primedice a few years ago.
and after it , i using that on another dice site , also on blackjack game.
and as long I use it.
it not incrasing ur chance of winning, it just give u a constant profit if u using that strategy constanly.

Are you always winning from this ? I feat that Martingale strategy is like chasing the losses, and if we do not win in between, we may lose our entire balance in this process. The Martingale strategy become really tense if we have continuous losses and we keep on increasing the amount on every bet. I do not know about others but i feel it's really scary sometimes.

I even bankrupt using this strategy sometimes ,
U know at the beginning i place a high bet , i just feel on that round i will win
But , shit happens , and i lose . After it, i cant using martingle more than 3 times , since the first bet almost 10% from total funds i have.

[Janation]

well , Martingle.
first time i using that on primedice a few years ago.
and after it , i using that on another dice site , also on blackjack game.
and as long I use it.
it not incrasing ur chance of winning, it just give u a constant profit if u using that strategy constanly.

Are you always winning from this ? I feat that Martingale strategy is like chasing the losses, and if we do not win in between, we may lose our entire balance in this process. The Martingale strategy become really tense if we have continuous losses and we keep on increasing the amount on every bet. I do not know about others but i feel it's really scary sometimes.

I even bankrupt using this strategy sometimes ,
U know at the beginning i place a high bet , i just feel on that round i will win
But , shit happens , and i lose . After it, i cant using martingle more than 3 times , since the first bet almost 10% from total funds i have.

That is the problem of this strategy.

Martingale will really eat up your balance.

If you really want to use this strategy, better not. I know that it is a good strategy if you are risking your money since gambling is risky and you are doubling that up using this strategy.

[efialtis]

The whole martingale discussion is getting old really - do still people exist believing they can win (longerm) based on martingale? If so... really you deserve loosing at all... NO, martingale suxx big time, full stop!

[ashmodeus]

That is the problem of this strategy.

Martingale will really eat up your balance.

If you really want to use this strategy, better not. I know that it is a good strategy if you are risking your money since gambling is risky and you are doubling that up using this strategy.

as i say on the beginning, i know exactly how martingale works.
the real problem is how u control ur bloody greedy.
u know, feeling will win on certain round can break the scheme.

[Malsetid]

The whole martingale discussion is getting old really - do still people exist believing they can win (longerm) based on martingale? If so... really you deserve loosing at all... NO, martingale suxx big time, full stop!

I don't think it's ever going to get old. Martingale worked for some people and they will keep on promoting this method. People who've lost quite a lot will then rebuke those claims and the discussion gets repeated again. In the end, dice is based on luck. Martingale can't change your luck. It should be a way to manage your bets for best chances of a good result.

[Capt00]

The whole martingale discussion is getting old really - do still people exist believing they can win (longerm) based on martingale? If so... really you deserve loosing at all... NO, martingale suxx big time, full stop!

I don't think it's ever going to get old. Martingale worked for some people and they will keep on promoting this method. People who've lost quite a lot will then rebuke those claims and the discussion gets repeated again. In the end, dice is based on luck. Martingale can't change your luck. It should be a way to manage your bets for best chances of a good result.

I've seen this kind of strategy in the movie ( sorry but I forgot the title).
He has the luck already and he feels it that he could win more that is why he put all their winnings for just a single bet. But what it happens later? he is wrong, he has already 500k bucks but he tried to double it which it sadly ended him by losing it in just a single bet. That it means that Martingale strategy never works well and still our luck means so great rather than of using this kind of strategy.

[qwertyup23]

<snip....>
Martingale strategy decreases your chance. Avoid it.

Do remember that whatever strategy that you employ, if you are dealing with odds then you cannot expect guaranteed and successful results.

In the Martingale strategy, I have personally witnessed people using the strategy but it will only work if you have the means and the capital to fund your every move. The problem with this strategy is if you continue your losing streak, the amount you will be betting will increase exponentially until it would be relatively impossible to bet.
My friends and my brother employ the same strategy and I see that they have mixed results depending on their night. Again, this would boil down to one's luck since gambling is all about luck!

[plr]

I have tried the various methods of martingale but I don't have success on this method you need big funds to implement and not just big funds but the strong will and acceptance that you can lose if your expectation di not materialize, martingale looks good but only for high rollers.

[imstillthebest]

I have tried the various methods of martingale but I don't have success on this method you need big funds to implement and not just big funds but the strong will and acceptance that you can lose if your expectation di not materialize, martingale looks good but only for high rollers.

thats what they say . they say martingale is for big time gamblers but why i tried martingale before even though im not a  big time player ? its only up to the person if will use that strategy or not  .  you can still loose no matter how rich you are as long as your luck does not stay with you  . if i can do martingale with small balance, you can also do it to ,  you just gotta believe in your self that you can do it  . martingale method and other strategies have been discussed many times but most of the answers will say that it does not work  .

[Darker45]

...you just gotta believe in your self that you can do it...

Welcome to the world of gambling! Where such line as this is never applicable. You can speak of it to a boxer in a match, or a singer in a competition, or a runner in a race, but never to a gambler whose only chance of winning is by random.

 . martingale method and other strategies have been discussed many times but most of the answers will say that it does not work  .

Let me clarify it a little. It does work. Martingale remains up to this very day because it could be used and it could work. And it could make you recover your loss the quickest way. But it cannot be 100% reliable. At some point you will have to stop it. I've been using Martingale and it happened that on my 4th or 5th roll, I won. But if it goes as far as 8 rolls and I am still losing, I normally go back from step 1.

[traderethereum]

The whole martingale discussion is getting old really - do still people exist believing they can win (longerm) based on martingale? If so... really you deserve loosing at all... NO, martingale suxx big time, full stop!

Some people still believe in this strategy, and maybe they can win.
I don't think that martingale discussion will get old because there are new gamblers who don't know about this strategy.
I don't know much about martingale either, and I don't use any strategy on the dice game.
Maybe we deserve to lose the money, but we have a way to prevent from the big lose.
If we can modify the strategy, then I think we will have the opportunity to win, but that will be back to how good our luck in a gambling game.
But if you don't want to use this strategy, you are free to use the other strategy.

[deisik]

...you just gotta believe in your self that you can do it...

Welcome to the world of gambling! Where such line as this is never applicable. You can speak of it to a boxer in a match, or a singer in a competition, or a runner in a race, but never to a gambler whose only chance of winning is by random

Well, personally I totally agree with you

However, if you (for example) believe in God (a higher deity, conscious universe, world government, aliens, or anything to that tune), it would be hard not to accept that you can't rationally reason with somebody who believes in his luck (or in himself, which is actually the same). In other words, these are things of the same order (read, their falseness cannot be proven or disproven as they lack a certain quality called falsifiability). And the ultimate irony in all of this is that it can in fact pan out in real life as with anything truly random (read, there can be powerful outliers)

. martingale method and other strategies have been discussed many times but most of the answers will say that it does not work

Let me clarify it a little. It does work. Martingale remains up to this very day because it could be used and it could work. And it could make you recover your loss the quickest way

Again, agree with this point. It is how you use this system (as well as stop using it) which determines your success rates with it in the long run

[Ailmand]

Martingale strategy is not ideal to be used for a long term betting. It lessens your chance of winning and would only lessen the amount of money you have. The house edge always wins when you gamble. In my personal opinion it maybe profitable for only a number of bet. I would stick on my own gamblig strategy and let instinct and luck play its part. That way I can enjoy gamblig more.

[Oilacris]

In my opinion martingale strategy is good ONLY for the first 1-10 wins and don't use martingale strategy for a long run because you will get a long red later for sure. My strategy is only go for 1-10 wins and after that using other strategy. Remember martingale strategy is really dangerous.

Not only martingale but on all strategies that do exist is dangerous the only thing here is that martingale is quite common or popular when it comes to betting behavior.
Test out this method for how many years and been commonly set when I do play dice or even playing on some roulette where I do double out bet when I do lost.

Luck will be a big factor in your winnings and if you aren't that lucky enough then expect for that bankroll wipe out.In gambling you should know on when to stop and when to secure out your profits.

[DGulari]

In my opinion martingale strategy is good ONLY for the first 1-10 wins and don't use martingale strategy for a long run because you will get a long red later for sure. My strategy is only go for 1-10 wins and after that using other strategy. Remember martingale strategy is really dangerous.

You are totally wrong. You SHOULDN'T ever use martingale strategy because you could get long streak losses on the first of your betting. Imagine your bankroll only able to hold max 5 streak losses, how if the first bet of your betting you get 6 streak losses? You will lose all of your money. Myabe it's rarely happens, but when shit happens, it happens.

Some people still believe in this strategy, and maybe they can win.
I don't think that martingale discussion will get old because there are new gamblers who don't know about this strategy.
I don't know much about martingale either, and I don't use any strategy on the dice game.
Maybe we deserve to lose the money, but we have a way to prevent from the big lose.
If we can modify the strategy, then I think we will have the opportunity to win, but that will be back to how good our luck in a gambling game.
But if you don't want to use this strategy, you are free to use the other strategy.

If you don't now about martingale strategy, don't say it like you already mastered about it. We aren't deserve to lose our money in gambling, because we have been told many times just gamble what you can afford to lose.