My simulations for testing Martingale strategy

[docthusinh]

- Calculate a bet size that: if you win a losing streak at n, the profit after that win help the playing balance sustain one more bet (n+1)

For this, you need to have a big initial amount of bet. That cause you to lose even sooner.

Issue here, the thing is you need 1 sat initially not a very big amount as what you think, including changing betting odds will help betsize increase slower. Ultimate target is: the lower the streak the lesser the win, but as the streak become higher the bigger the win.

I.e (few of my initial bet sizes in sat of my current 24/7 live playing strategy)
Size:     1  1  2  3  4  5  7 10 16 24 36 54 82 126 193 296 456 702 1080     20    16     16     16     16     16   17 ...
Odd: 100  5  5  5  5  5  5   5  5    5   5   5  5     5    5     5     5     5      5   200   200   200   200   200   200 200 ...

You may wonder how to work out but I leave it to your research, a tip is that along with 24/7 LIVE play, profit almost reached total capital to lose (0.86 profit / 1.00 capital / 24, 400,000 bets placed).

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[pixie85]

Please guys don't quote OP because it takes too much space in the thread or at least remove the pictures when you're doing it.

The simplest conclusion is that martingale gives you a bit of profit in the beginning and the more you have in the bank the harder it is for you to fail and lose everything. Don't start with low bank or you'll have no chance to earn profit but if you are willing to risk a lot of money it's not the worst strategy but it always makes you lose in the end.

[FlightyPouch]

No. I am not interested in this strategy nor other strategies since I don't really have a problem gambling for fun. Also, I know that Martingale can be more vicious than other strategies. You double down every time you lose, that would really drain your balance so quickly. I would just stick to fun and run.

[tsaroz]

Whatever you do, you are going to lose it eventually. So, make a plan with a budget. Don't lose more than you could afford and turn your profit into something visible for you to have satisfaction even if you lose more. And all along have fun and enjoy. The ones who get a taste of it would come back regularly. It's all about fun, if you are being stressed, leave. Remember money is not everything, it comes and goes. It's your health and fitness that's important.

[noormcs5]

No. I am not interested in this strategy nor other strategies since I don't really have a problem gambling for fun. Also, I know that Martingale can be more vicious than other strategies. You double down every time you lose, that would really drain your balance so quickly. I would just stick to fun and run.

For the Martingale strategy, you really need to have a big bankroll so that you have the balance to double your investment with every lose and if you run out of balance, you will eventually lose all.

Whatever you do, you are going to lose it eventually. So, make a plan with a budget. Don't lose more than you could afford and turn your profit into something visible for you to have satisfaction even if you lose more. And all along have fun and enjoy. The ones who get a taste of it would come back regularly. It's all about fun, if you are being stressed, leave. Remember money is not everything, it comes and goes. It's your health and fitness that's important.

Rather than focus on strategies like martingale etc it is better we focus on money management techniques. If we understand how to manage the money and how much to spend every day / every week in gambling, we may not lose much and at the same time gambling will be pleasant and fun for us.

[Bitinity]

No. I am not interested in this strategy nor other strategies since I don't really have a problem gambling for fun. Also, I know that Martingale can be more vicious than other strategies. You double down every time you lose, that would really drain your balance so quickly. I would just stick to fun and run.

For the Martingale strategy, you really need to have a big bankroll so that you have the balance to double your investment with every lose and if you run out of balance, you will eventually lose all.

I'm a bit surprised to see there is still people thinks that big bankroll is good for martingale while the fact is that even unlimited bankroll is useless for any gambling strategy including martingale. Mathematically, if you use martingale then you should start from low bet amount, so it takes a longer time to double your investment using martingale while the longer you play the higher chance you'll lose your money. Stop thinking that huge balance will work for martingale as it is absolutely wrong.

[hosseinimr93]

The simplest conclusion is that martingale gives you a bit of profit in the beginning and the more you have in the bank the harder it is for you to fail and lose everything.

Gambling is based on luck and there is no guarantee that you will win even at the beginning.

Don't start with low bank or you'll have no chance to earn profit but if you are willing to risk a lot of money it's not the worst strategy but it always makes you lose in the end.

Higher balance and a low initial bet amount causes you to have to repeat the martingale method more times. However that causes the number of consecutive lose before failing decreases, it causes you to have a lower chance of winning.

For the Martingale strategy, you really need to have a big bankroll so that you have the balance to double your investment with every lose and if you run out of balance, you will eventually lose all.

How much money do you think is needed? Are 21 millions bitcoins enough?
As you yourself said you will eventually lose all. But note that it will finally happen even of you have all 21 millions bitcoins.

Rather than focus on strategies like martingale etc it is better we focus on money management techniques. If we understand how to manage the money and how much to spend every day / every week in gambling, we may not lose much and at the same time gambling will be pleasant and fun for us.

Yes, you can manage your money to not gamble more than you can afford. This only decreases the amount you less if you can overcome greed. But money management cannot overcome the house. The house give your money. Does not matter it's a big money or only a few cents.

[perla]

Maybe if someone force to do martingale, i think as long they already profit from capital, maybe set target will be good. Like when you already reach 10% of your capital, i think get out and try on next day is better. Because martingale or other strategies, will almost same when ended.