Is Betting Double After Losing is Really a Good Decision?

[leea-1334]

Well definitely because there is no fix strategy in gambling that would make you consistently win.
There's always an adjustment because if the gambling sites are losing, they will adjust as their purpose is to be profitable, and they are smarter than us.

It's good if we build a strategy on our own and develop it.

People forget that in gambling,,, strategies are not meant to keep you in profit, but to do two things:
1. Increase the time you have until you bust. So instead of busting in 1 move, you can have strategy that makes you bust at worst in 10 moves.

So hopefully, the idea is to make 8 or 9 moves, and then take home the profit IF you do not bust before reaching those 10 moves. That is all it really is all about! Martingale to profit before you martingale to bust!

[DarkDays]

If you have got the bankroll to handle it, and are not aversed to losing large amounts before recouping your money, then the Martingale strategy should eventually return players to parity.

However, most casinos have limits in place which prevents players from doubling up after a certain amount, this is normally known as the bet limit or table limit.

For example, if you have already lost $50,000, but try to bet $100,000 as part of the martingale strategy, then you might come across a block, preventing you from making the bet.

In this case, it would be very difficult to recoup your money back with smaller bets, but it can be done.

[TheGreatPython]

Never and I literally mean NEVER consider anyone who says mathematically impossible is possible. When you are gambling on double down remember this, you bet 1 and you get 1.98 when you win, but you lose 1 when you lose, which means you are losing that small percentage each time, when you want to recover small by small you are actually losing more and more, and not really recouping back all your money.

This means overtime mathematically it is IMPOSSIBLE to make money with martingale, literally IMPOSSIBLE, if someone says it can be done, they are either lying or they are not aware that it is impossible. Sure you could make a quick buck in some tries and even maybe back to back days, but know that no matter how much you make a profit from it, ALL of that will be gone eventually because that is how house edge works.

[StephenJH]

Unless the gambler has unlimited money, doubling the bet of the previous bet amount will kill the bankroll sooner or later. It is clearly proved by many single or group of gamblers in both real and online casinos, so having doubt will not make it a good strategy. The martingale strategy has been adjusted several times by the mathematicians in order to decrease the risk of exposing the last bet and keeping the profit higher than the profit of the first bet which will be the same on all sequences.

[romero121]

The doubling strategy doesn't always cause loss. It can get success when used at the right time as well as limits. However even with this we need luck to win, today morning I encountered to use this strategy. Luckily I got back the lost amount, because from the spending of 0.001 btc finally after doubling I went upto 0.03btc. Finally went all in, but luckily I recovered. Finally I didn't used the strategy with plan, but with frustration of losing. Here luck saved me, else loss is the end. Upon this strategies too help us if we're lucky.

[pakhitheboss]

If you have got the bankroll to handle it, and are not aversed to losing large amounts before recouping your money, then the Martingale strategy should eventually return players to parity.

Correct if you have the bank roll then you can give it a try. But, I would never recommend it to anyone as it might not work on most of the occasion. I have tried it multiple times and failed on most of the occasion.

[robelneo]

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 very tempting to do martingale, people especially newbies should first study this option on all of its aspects positive and negative, the strategy looks perfect until you tried it yourself and find out that it's not working, there will be a time that you are going to chase your losses and you have no funds to sustain it because you need large funds to implement it.

[angrybirdy]

It is a good decision if you will win. But it is very risky since after you lose, there is the possibility that you lose more if you won't get that winning after doubling your bet. It might be the reason for you to do the same mistake and you might end up losing your funds so fast.

[LogitechMouse]

Well definitely because there is no fix strategy in gambling that would make you consistently win.

There is no strategy in gambling for me because you don't what can happen to you in your next bets because it is a game of luck and not a game of strategy unlike other games there.
If you are lucky and you can control yourself even you are winning then you can go out on the casino with profits. If you are lucky but you are greedy then you will go out empty-handed. Now if you aren't lucky and you choose to gamble still then you are considered an addicted gambler already .

It's good if we build a strategy on our own and develop it.

Adjusting in different situations is the best thing to do and maybe it can be considered as a strategy too . Having many plans in different situation is better like for example situation A is happening then you must have a plan for that and so on and so forth.

[blockman]

It is a good decision if you will win. But it is very risky since after you lose, there is the possibility that you lose more if you won't get that winning after doubling your bet. It might be the reason for you to do the same mistake and you might end up losing your funds so fast.

There will be the 'if' case.
But for those that can't avail the potential and high chance of losing, better you don't try it. There's no need for you to experiment if you have not that much courage.

[yazher]

It is a good decision if you will win. But it is very risky since after you lose, there is the possibility that you lose more if you won't get that winning after doubling your bet. It might be the reason for you to do the same mistake and you might end up losing your funds so fast.

most often this will occurred when you put a double amount bet after you lose. the worst part is, you keep doing it when you think you can recover after you lose the double bet. If you can stop yourself from doing it, it'ss becomes a habit and you will always bet a huge amount every time you lose.

[Kelvinid]

Not a really a bad idea but some gambler are trying it and maybe this was a lucky bet for them and recover their losses but the risk as also high in which a possible loss will occur in the 2nd time around.

I know a lot of people doing this seeking to recover their losses. This is not really a piece of good advice for an ordinary gambler but those who are not in limitation of resources, maybe they can. Gambling won't work in a cordial way and go along as what we want but this is a pure luck base game...winning and losing are common ends in here.

[erep]

<snip>
Gambling won't work in a cordial way and go along as what we want but this is a pure luck base game...winning and losing are common ends in here.

Pure luck negates predictions and strategies in gambling, even selfishness leads to behaviour that cannot be controlled due to chaotic thought patterns, in bets all players feel it. Still, it will end in disappointment and only occasional luck will accompany you.

[Best Dreams]

Well definitely because there is no fix strategy in gambling that would make you consistently win.

There is no strategy in gambling for me because you don't what can happen to you in your next bets because it is a game of luck and not a game of strategy unlike other games there.
If you are lucky and you can control yourself even you are winning then you can go out on the casino with profits. If you are lucky but you are greedy then you will go out empty-handed. Now if you aren't lucky and you choose to gamble still then you are considered an addicted gambler already .

It's good if we build a strategy on our own and develop it.

Adjusting in different situations is the best thing to do and maybe it can be considered as a strategy too . Having many plans in different situation is better like for example situation A is happening then you must have a plan for that and so on and so forth.

For sure Every gambler must have a second plan for themselves as in case if you lose something you must have some plan to deal with it. As a betting Gambler you should know your predictions can be wrong or right so always have two options in mind but right after lose its not good to bet again at once that's why we should fist gather knowledge about the game we choose for betting.

[Gyfts]

No, martingale is a terrible strategy that always results in losing.


See this simulation - https://i.imgur.com/F3WS1im.png

At any point, you have the potential to completely go bust no matter how small your bet is in relation to your bankroll because doubling your bet after a loss is exponential growth. 

[Rengga Jati]

This is not really a piece of good advice for an ordinary gambler but those who are not in limitation of resources, maybe they can.

For me betting doubled isn't a good decision both for them who have limited and lot of funds. The result is still the same, too risky and seems just following emotion. I think betting normally is more than enough if you have a luck to win, so why need to betting doubled. Even you still have much money, but it is better to think effective way and do wise decision.

[Lorence.xD]

I'm sorry but if you never bet more, there is no point in playing dice. Because of the house hedge you can't win on the long run if you always bet the same amount.

If I were to play dice, then I would rather play the safe way, my purpose in playing in the first place is to have fun, I find this strategy ridiculous because you know that the edge is in favor of the house and you want to bet more?, that sounds like throwing your win instantly.

It is a profitable strategy - maybe you haven't tried it out yet.
You just have to have a huge amount of fund in order to follow this strategy or start with a small initial bet.
If one of those two terms is fulfilled then you will be about to make good money.

Having a huge amount of fund defeats the purpose of gambling, you are there to increase your meager cash not make it a day trading, and saying that this strategy is profitable sounds like you are promoting the play that easily vacuums cash out of the wallet of player. You only say that it is a profitable strategy because you might be an investor in a gambling site or you are an owner of a casino.

Don't believe this fad people. Create your own strategy make it unique.

[Reatim]

No, martingale is a terrible strategy that always results in losing.


See this simulation - https://i.imgur.com/F3WS1im.png

yeah Martingale is like a suicidal move and only for desperate gamblers,because you are relying in Pure luck while you can just play betting normally and don't chase your losing.

At any point, you have the potential to completely go bust no matter how small your bet is in relation to your bankroll because doubling your bet after a loss is exponential growth. 

and so Just bet with small amount occasionally and let the game decide if you will win or not,and besides it is the enjoyment that we must look and not the winning only.

[Sanitough]

No, martingale is a terrible strategy that always results in losing.


See this simulation - https://i.imgur.com/F3WS1im.png

yeah Martingale is like a suicidal move and only for desperate gamblers,because you are relying in Pure luck while you can just play betting normally and don't chase your losing.

It's maybe a bad strategy but you can always bet not relying on your luck, like in sports betting, you can analyze your pick while using your the martingale strategy but your chance of winning still rely on your ability to pick winning bets.

At any point, you have the potential to completely go bust no matter how small your bet is in relation to your bankroll because doubling your bet after a loss is exponential growth. 

and so Just bet with small amount occasionally and let the game decide if you will win or not,and besides it is the enjoyment that we must look and not the winning only.

As long as you limit your bankroll, it should not be a problem, you can set a bankroll today, if you got busted, you'll again set a new one tomorrow.

[LogitechMouse]

No, martingale is a terrible strategy that always results in losing.


See this simulation - https://i.imgur.com/F3WS1im.png

yeah Martingale is like a suicidal move and only for desperate gamblers,because you are relying in Pure luck while you can just play betting normally and don't chase your losing.

Desperate and greedy shitty gamblers who doesn't know the risk reward ratio.

I think the ones who are using this kind of strategy are the ones who wants to get their money back and they want to do it in a quick way. TBH, I have tried this strategy too in the multiply BTC on freebitcoin but since I'm just a newcomer of crypto at that time I just used a small amount (around 1k Satoshis just for the experiment).

In the first bets, I'm winning and I'm happy for it (a bit) and the worst happened. It started to lose and the worst part is it happened consecutive times until it stopped and when I see my funds, BOOOOM!!!!. There is nothing left on it . I'm not affected that much at that time since it is just a small amount and I concluded that Martingale strategy is a useless strategy used by newbie and greedy shit gamblers .