Is Betting Double After Losing is Really a Good Decision?

[geegaw]

I also do that when I lose in one bet I double my bet and sometimes it is works but mostly I lose if I do that but maybe for the others player it is good startegy. This startegy is very common and many people use that even in the tradtional gambling they also do that.
But be careful of how much amount of your money you bet because it is very danger and if you bet a huge amount of money you need to control yourself .

More betting strategy after a loss, it is often used by many people but talking about the effectiveness level is probably like you said, the success rate is only a few percent while most of us will lose more money, a long-term consequence will be to form us a habit, we can place a double bet once, it will have a second more and more times, loss is a number that is hard to predict with this strategy. So control should be exercised more in this situation, casinos have set parameters, we jump into what they create, we will die in their hands.

[plvbob0070]

You can't stick to a single strategy every time you are gambling, because there is no assurance that it will always work. For me, there is no permanent strategy in gambling. You can try doing it if you want, but only for the short term. You will end up losing everything. I think it's still on your luck.

Of course there is no strategy that works in the long run, otherwise casinos would be bankrupt immediately. This is exactly why there is the so-called "House Edge". Casinos simply have a few percent higher chance of winning (that's why there is also the green 0 in roulette, for example). The "house edge" is usually very small, for example 1%. But that is enough to make a profit statistically over a longer period of time.

That is why we cannot really say that using a martingale strategy is always a good decision. It's not advisable for a long time gambling.

I'm not sure if your question still makes sense because you've answered it already based on your experience. There's no strategy that would work in gambling for a long time because if there is one, everyone should be using that same strategy. If martingale worked before, it does not mean that it will work every time for everyone.

You can't stick to a single strategy every time you are gambling, because there is no assurance that it will always work. For me, there is no permanent strategy in gambling. You can try doing it if you want, but only for the short term. You will end up losing everything. I think it's still on your luck.

I suggest that, it is better to have a secondary strategy, also doubled the betting amount is not practical for me, because in gambling there is no assurance that you will be winning all of the odds or there is no certainty on it, so do not put all your egg in one basket. Making a double bet because of losing is not recommended and not good, it can only frustrates you when you lose again and make you addictive to win as well.

Indeed. We cannot just go with only one strategy in mind. There should be plan a, b, c, d, and more. Not every time our strategy will always work. If you double your bet, then it ends up losing, it will just make you more eager to win that back. It can make you lose your money. There's no definite explanation that martingale really works for everyone so it's not practical. Choosing that strategy is also another risk.

[Bitcoinislife09]

In short, is the martingale strategy in betting in such gambling games such as roulette and dice do really is effective strategy? For example, what if you are winning, and every time you win, you double your bets, and basically apply the martingale strategy, which is to double your bet when you lose.

Would that make a huge impact to your funds? I haven't tried it so far, but for me, I don't that is really effective as if we lose, we aren't really going to win right after, because there is still a possibility of losing once again.

Surely I think this not a great method to use all the time but for sure this is a great for some of the situation in my opinion, It might still depend in luck as we know so for sure this method is not going to work, but might be useful if you lose one time and you could easily recover the lose if you could win in the next round but still not just so simple since you might not win in the second bet at all.

For sure in the end their is no method that would really would accurately at a betting game still it would just depend in your luck.

[Danydee]

I just think that this strategy still has a 50:50 chance of winning, so still if we are too excited and cant control our emotions, as much as anything capital we have, it will disappear and we will come out empty-handed. Believe me, there is no strategy that always runs smoothly as we wish. I have tried it.

That's sure when you see that you go from 1 to ~16000 just on 15 bets..

 
 In 50:50 chance, martingale in not offering huge profit to risk using it. The profit is just equal to the initial bet..
 So in this how, you can just re-bet the same amount until you have recovered the lost bet

[Saisher]

In short, is the martingale strategy in betting in such gambling games such as roulette and dice do really is effective strategy? For example, what if you are winning, and every time you win, you double your bets, and basically apply the martingale strategy, which is to double your bet when you lose.

Would that make a huge impact to your funds? I haven't tried it so far, but for me, I don't that is really effective as if we lose, we aren't really going to win right after, because there is still a possibility of losing once again.

It is confirmed and proven that it will not work, it looks like a good strategy but it's really not, you will end up losing all your funds, the only people capable of beating the martingale are those without bug funds because they have the funds to chase their losses until they get back their losses and win, if you are not a high roller don't ever think about it.

[South Park]

Well, most of them are against martingale strategy but perhaps for me, it will depend on how lucky you are. Gambling through dice or even in roulette are base on your luck, --I have never tried this strategy because I know it will require for you to have a huge number of a fund to recover your losses every time you doubled your bet. Indeed, it is always good for you if you will always set a limit that you can afford to lose.
You can try it once because they say that it is the fastest way to earn a profit or something reverse the fastest way to empty your bankroll.

But that is the issue you cannot really control your luck and you will never have that ability so if eventually the results you are getting go against you not only you are going to lose all your profits with that strategy you are also going to be very tempted to try to double your bet right there to try to recover it and you will go through your capital at an amazing speed, this is why I never recommend martingale or any other strategy that is similar because in the heat of the moment you are bound to take decisions you would not normally do and suffer huge consequences because of it.

[KrisAlex18]

Actually we cannot say that our decision is good until the result was given, gambling will only rely on the luck of the person, so if you are thinking that you may win on the next game and you want to double your bet, do not do that unless you are a risk taker and you have so much money.

Having a mindset like that is not really good because you cannot predict the future of the gambling or the result of the game. It is still better if you are just play safe, just bet according on your money, do not take a risk to the things that you are not sure that you may win the game.

[pakhitheboss]

I have heard a lot about this strategy and have tried it more than once. In few occassion it worked for me as I was calculating the pattern and was expecting a positive outcome. But, it is not possible to always keep a track as sometimes the pattern changes abruptly. In such situation you end up losing big. I tried it with dice.

In my opinion it is too risky. It is always better to get small so that you lose small.

[dunfida]

Actually we cannot say that our decision is good until the result was given, gambling will only rely on the luck of the person, so if you are thinking that you may win on the next game and you want to double your bet, do not do that unless you are a risk taker and you have so much money.

Having a mindset like that is not really good because you cannot predict the future of the gambling or the result of the game. It is still better if you are just play safe, just bet according on your money, do not take a risk to the things that you are not sure that you may win the game.

All things will vary on risk management and if you dont mind on losing that next bet and doesnt compromise up your life savings then it should be fine but if you do already spending up money
which are intended to be used in future then thats already a bad sign that you are already addicted with it.

Doubling bets after losing is common yet we know that martingale does really work on this way.Knowing the future or do talks on knowing the next results is impossible
specially if we do play luck-based ones but somewhat if in talks of strategic ones then you might have a chance.

[dothebeats]

If you have a few screws loose in the head, then yes.

Jokes aside though, there isn't any mathematical proof that the Martingale strategy nets more wins than loss. I am yet to see an actual scenario in which the said strategy would yield similar results after X number of bets with the same odds. In a provably-fair dice game with luck as a major factor, don't expect Martingale to give you wins, or rather save you from your vanishing bankroll as it might even inch you closer to losing all your funds. Martingale is a method to lose money in an extremely fast way IMO, not the other way around.

[chaser15]

Jokes aside though, there isn't any mathematical proof that the Martingale strategy nets more wins than loss. I am yet to see an actual scenario in which the said strategy would yield similar results after X number of bets with the same odds. In a provably-fair dice game with luck as a major factor, don't expect Martingale to give you wins, or rather save you from your vanishing bankroll as it might even inch you closer to losing all your funds. Martingale is a method to lose money in an extremely fast way IMO, not the other way around.

Martingale is not supposed to be a strategy.

It's a way of betting. No way it will increase winning chances.

Martingale is a method to lose money in an extremely fast way IMO, not the other way around.

For dice, yes. But didn't you know there are gambling where Martingale is effective?

Those games are those who aren't face the house-edge. One good example is the physical gambling game called the color-game. It's effective but of course, get out if already winning.

[Meowth05]

That is the best way to lose money and the worst way to break even, remember that there is a 50/50 chance to win and lose and making a big bet after a loss will likely cause more loss.

[ImThour]

Not at all. If you don't have a strategy, you are just trying out your luck, not skills. Either way it won't work in the long run..

[NavI_027]

Why not?! Live your life to fullest if and only if you are already a billionaire and just gamble for fun and. Just let the fate decide whether your overall wealth will diminish by few coins or added by few coins as well .

But on the contrary, if you set gambling as a career and think twice, you should consider first the game you are playing with. Maybe doubling the bets after a loss could work more efficiently in strategy based games such as sportsbetting rather than dices, roulettes and lotteries.

[Vaculin]

That is the best way to lose money and the worst way to break even, remember that there is a 50/50 chance to win and lose and making a big bet after a loss will likely cause more loss.

Sometimes or most of the time the chance of winning is not 50/50...  just like gambling in a gambling site with most games has house edge, you don't get 50% chance of winning with that, you have to be wise, in every game there's an edge, and you have to ensure that the edge is on your favor, otherwise you'll still lose  regardless of how hard you try, even using the martingale method.

[LogitechMouse]

I just think that this strategy still has a 50:50 chance of winning, so still if we are too excited and cant control our emotions, as much as anything capital we have, it will disappear and we will come out empty-handed. Believe me, there is no strategy that always runs smoothly as we wish. I have tried it.

Yes this strategy has a 50:50 chance of winning but the thing is the risk of this strategy goes higher as you are losing your money.

This strategy isn't worth it because if you win on it,  you will only get the first initial bet that you put but it can lose your money in a short amount of time.
There is no strategy that will work in gambling. For me, gambling is just a game of luck nothing more .

[leea-1334]

Why not?! Live your life to fullest if and only if you are already a billionaire and just gamble for fun and. Just let the fate decide whether your overall wealth will diminish by few coins or added by few coins as well .

But on the contrary, if you set gambling as a career and think twice, you should consider first the game you are playing with. Maybe doubling the bets after a loss could work more efficiently in strategy based games such as sportsbetting rather than dices, roulettes and lotteries.

Um there are other ways to live life to the fullest and most of them really do not need you to throw all your money away!

I think everyone can afford to enjoy some reckless moments in their lives but very few reckless actions affect only you. Usually they affect others around you in ways that stay a long time.

Enjoy, no need to enjoy recklessly!

[Pmalek]

Snip

That is true. Now, imagine playing roulette using the Martingale system and doubling your bets whenever you lose.
Lets say your starting bet is $2 and you lost 6 times in a row. 2+4+8+16+32+64=126 if my math is correct. You have just lost $126 chasing a minimum win and you need a new bet of $128 to continue the streak and there is absolutely no guarantee that you wont lose a 7th time in a row.
Imagine if your starting bet is $10 or $50 and how big of a bank you would need to keep going. It's just an example. 

[Kurokonobasuke]

Well it is not a good idea, because if you double your bets there’s a no change that you would return your loss assets in just simple double it your bets, because it is not a 100% sure if you surely get back your assets. What if you failed again? Instead of double you win, it is double you lose because you did a double betting. For me, it is much better if you single only your bet to prevent you from large lose.

[Betwrong]

I just think that this strategy still has a 50:50 chance of winning, so still if we are too excited and cant control our emotions, as much as anything capital we have, it will disappear and we will come out empty-handed. Believe me, there is no strategy that always runs smoothly as we wish. I have tried it.

That's sure when you see that you go from 1 to ~16000 just on 15 bets..
~

True. And while 16k sats isn't that much, you go to 130k with just 3 more reds. If you ask me, 130k sats is not what I want to lose in a matter of minutes. I can play in a solid poker tournament with the money for 2-3 hours, with a possible win of 840k sats. Martingale strategy has drained many gamblers' budgets at some point, mine included. I still think it can be used for entertainment purposes, but before starting one should make sure that his/her balance on the site is not larger than they can afford to lose.