Is Betting Double After Losing is Really a Good Decision?

[kryptqnick]

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's a really bad decision, and it will indeed have a huge impact on one's funds, just not the good kind of impact. The problem with martingale is that common sense seems to say it's a smart strategy, but the probability theory is not exactly common-sense, so one ends up losing. What makes it especially dangerous is how fast the bet amount becomes huge, and each time after a loss a person basically chooses to lose way more in a mere hope of winning at some point. Doubling the win bets is not great because if you one this bet, it doesn't mean you won't lose the next one. Stay away from martingale or experiment with an extremely small amount of money.

[doctor877]

You can't apply martingale when you are winning . You can only increase your base staking amount. Martingale works to recover your losses with profit at any time you win. You must have a good equity before applying the strategy so you don't get stuck in the middle in case the losses are many.

[electronicash]

you will win what you lose of course it will work. for sometime. never have i tried 10 loss rolls in a row and this would be very costly using BTC but with altcoins its feasible. TRX is my favorite while doing this strategy. i loss and i win. its gamble still.

[Lakai01]

you will win what you lose of course it will work. for sometime. never have i tried 10 loss rolls in a row and this would be very costly using BTC but with altcoins its feasible. TRX is my favorite while doing this strategy. i loss and i win. its gamble still.

This article shows the disadvantages of martingale very well in my opinion. 
Simply put: It has nothing to do with the used currency, martingale busts your stack in no time when you are on a losing strike. Imagine a game/sports bet/... where you start with 2$. After 5 losses you have to wager 32 dollars if you follow the martingale strategy. Doesn't sound that much, right? Beside the fact that your balance has to be twice that amount, 5 losses in a row a pretty common, it happens in 1 of 31 games in a game where chances are 50% that you lose (0,5 ^ 5).

Imagine yourself being very unlucky and lose 10 games in a row (happens in 1 : 1000 games roughly). This is the time when martingale shows its evil side. Your next bet has to be as high as 1024 dollars (2 ^ 10) and you have already lost 1022 dollars in the game. If you lose another you have to wager 2046 dollars and so on. We were talking about a pretty fair game where your chances are 50% that you win, in games where this chance is lower (like betting black or red at roulette eg.) chances are higher that end up with 10 lost games in a row.

Another huge disadvantage of martingale is that games like roulette usually have table limits. If you follow martingale and reach the table limit you wont be able to compensate your losses.

[nakamura12]

It is both good decision and bad decision. It is a good decision to whoever got lucky/very lucky and bad decision to whoever is very unlucky person. After losing then you double it and then the result is satisfying then it's good and you recover the previous money that has been lose and if you lose again then it will only triple the amount that you lose which is not good. Strategies don't work all the time.

[casperBGD]

it is always a bad decision, maybe you will be lucky to win few times in a row, but eventually you will lost two, or more times in a row, and that will certainly be a lot of money, due to progression that double betting has, with more than two lost games in a row, so I would not recommend that at all, or say stay out of the idea, gambling should be fun, not serious condition

[goinmerry]

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.

Just by understanding fully what house-edge means, you can take a picture by yourself if a martingale is an effective way to apply in dice, slots or any casino games. Even if we say 80-90% winning chance, it's not an assurance that we can nail that round.

I know you are already aware of some gambling tips, tricks or any advice so I think martingale is not a new term for you. If you see martingale as not an effective way to apply in gambling then trust your own view and thoughts. It will save you a lot.

The same goes for other betting methods.

[Haunebu]

Simply put: It has nothing to do with the used currency, martingale busts your stack in no time when you are on a losing strike.

Another huge disadvantage of martingale is that games like roulette usually have table limits. If you follow martingale and reach the table limit you wont be able to compensate your losses.

Actually, Martingale does help in the short term if luck sides with you in my experience. I have recovered my losses many times though I always set stop limits without going overboard since no gambling strategy helps in the long term.

it is always a bad decision, maybe you will be lucky to win few times in a row, but eventually you will lost two, or more times in a row, and that will certainly be a lot of money, due to progression that double betting has, with more than two lost games in a row, so I would not recommend that at all, or say stay out of the idea, gambling should be fun, not serious condition

It is a fun way to enjoy gambling as long as you set stop loss limits and profit target. Martingale does work in the short term which is why it is not always a bad decision.

[Becky666]

Perhaps you will eventually lose your fund to this strategy because it has happened to me. This has been my strategy some few times in my earliest days in gambling but was not too good for likened. Although, anyone can give a try to this strategy, it might be rewarding and it can still be the worst anyone could imagine in the world of gambling.double your betting when you lose means a probability of you losing the more even after your tenth lose. "Ensure to gamble what you can afford to lose" because it hut more when you lose more.

[Upgrade00]

Don't act on emotions when you lose or win in gambling. Most people get frustrated when they lose and try desperately to recover their loses. This is hardly a strategy and there is a very little likely hood of the gambler profiting.
If you're confident of your next bet being successful then you can double your wager, this should surely be dependent on your assessment and not the desire to recover your capital.

[xSkylarx]

I've tried martingle a lot of times and it will not be effective in the long-run. Eventually you will lose all your funds which happens to me most of the time. At some point if you kept losing you will have to resume at a new bet and stop chasing for your loss.

[chaser15]

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.

You are in the forum for quite a while now so I guess you encounter already those threads that asking how effective martingale is.

If that's effective and can boost your earnings, that should be popular by now we can always beat the house whenever we desire.

Gambling is gambling. There's no such thing as always winning.

[vella85]

This strategy will eventually lose no matter what people say. However I have tried this with sports and I have had success with this as most times then not, teams don't lose many times in a row like we see with roulette and dice games. Yes teams can go on a losing streak however I haven't had many losing streaks like we see with roulette and dice.

[tippytoes]

I've tried martingle a lot of times and it will not be effective in the long-run. Eventually you will lose all your funds which happens to me most of the time. At some point if you kept losing you will have to resume at a new bet and stop chasing for your loss.

Martingale will only work few times. So chasing your loss might really put you in a terrible situation. It depends on the player, if he can still afford to lose the next game, he can proceed. But if he will loan the money just to play again and hoping that he will win this time, better stop it early. Winning is not a sure thing in gambling. That's why a lot of people are in deep debt because they believe they will win the next time around but unfortunately not.

[Yamifoud]

Using martingale strategy in gambling is not really at safe, still in 50/50 and more chances that you'll be losing.
Thinking about how to recover your losses in here, there is no such effective strategy that will work perfectly or at its near because we know how gambling gives you a percentage of winning and using that martingale strategy will also be a reason that you doubled your losses.

If you lose you 1st bet, 2nd, and 3rd...better to go home. You don't have luck this time, come back tomorrow maybe you'll have that chance.

[AakZaki]

Basically playing gambling depends on luck, even if we are not lucky the funds we have will be used up for it.

The strategy said by the OP could have a good end but if when playing gambling together with luck.
A good strategy in my opinion when having a little win to not bet again.  There must be a pause and play it another time.

[Shimmiry]

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.

I think it is just as worse as burning your money/funds and just has the same concept as giving away your money to no one and having nothing. The martingale strategy is just a mere test of a dumb luck and betting double after a loss is too  risky. For me, I bet just simply once a day and not in a constant consecutive hours as it would lessens the risk of losing anything. It was my way of testing luck and also a minimal way to discipline and avoid myself against addiction.

Therefore, never try betting double after a loss. It is just an epitome of risk.

[MCobian]

Martingale strategy or double your bet when you lose often I use when I play gambling. It's risky if not be careful,
we can experience double losses too. Therefore do not use this strategy too often, and also must understand
mathematical algorithm when using martingale strategy. The strategy in my opinion is only suitable for professional
gamblers, newbies should avoid using this strategy.

[Hippocrypto]

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.

This is always a reoccurring problem when you desired to bet over and over again, and there's no assurance for us to take that lucky shots. It will always remain so unpredictable and even you're doubling up your bets to take any potential wins, that will no guarantee 100% outcome. Better think for fair results instead of seeking serious actions towards gambling in order to win successfully.

[arwin100]

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.

Do you see a successful bettor winning constantly by using the martingale strategy? those people who use this are really transparent for their result?

Since for sure its 100% no strategies working even up till now and those winnings are base on pure luck and never ever do double your bet once you lose since it will be a worst time on your side when you frequently do this things up just play in moderation and enjoy the game slow, being greedy is not good in gambling just be settle to earn less than losing.