Is Betting Double After Losing is Really a Good Decision?

[Gyfts]

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.

You can use martingale on Sports betting but ideally the strategy works when you know what the odds are and can win at a flat rate. So usually you're talking about using it on something like roulette and betting on a single color over and over again. Sports betting is a bit more complicated because it's easier to go on a losing streak with shitty calls.

[Eclipse26]

In general, I think it is not a good thing to do in an activity wherein winning is not even certain, which is enough to invalidate that it would be fine to do so. Ofcourse, every gamblers are free to do so but I sugget not to, just play it safe and do not let frustrations eat you. Indeed there will be times wherein you are having that 'feeling' but that would boost your urge to more likely crave for a win, this would further result into bigger losses.

If ever you would prove betting twice bigger than your loss is effective, do not make it a norm in your gambling habit. Believe me, that is where addiction occurs. Everytime a gambler is experiencing frustrations, chances are high that he will lack awareness and conscious of why he is playing. Every gambler would have a mindset of not losing that much. And this mindset will be worthless eventually once you are too dragged in this activity. Note of how addictive gambling is. Keep in mind how powerful money is.

[CarnagexD]

In general, I think it is not a good thing to do in an activity wherein winning is not even certain, which is enough to invalidate that it would be fine to do so. Ofcourse, every gamblers are free to do so but I sugget not to, just play it safe and do not let frustrations eat you. Indeed there will be times wherein you are having that 'feeling' but that would boost your urge to more likely crave for a win, this would further result into bigger losses.

If ever you would prove betting twice bigger than your loss is effective, do not make it a norm in your gambling habit. Believe me, that is where addiction occurs. Everytime a gambler is experiencing frustrations, chances are high that he will lack awareness and conscious of why he is playing. Every gambler would have a mindset of not losing that much. And this mindset will be worthless eventually once you are too dragged in this activity. Note of how addictive gambling is. Keep in mind how powerful money is.

There are a lot of people that is really love playing gambling games and some of them are saying that once you lose your game and you want to earn it back make a double on your wage or your bet. Most of the people I know are highly recommended this kind of process because it is easier to get back your funds easily and does not take too much time to earn it back, but it is quite risky like on the dice most of the players do this kind of risk they are betting too much when they lose it is not bad if you make it try. But on me I make may gambling all the time safe and does not make too much greedy because sometimes there are a lot of people if they see the potential of the winning make a vast wage if you are confident enough do this kind of action but if you make any doubt take care on the decisions. Not all the time making double of earning is good because sometimes there are some not fortunate games.

[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.

Anyway, a decision like this is risky from the start and does not mean that the risk exists after you lose, because when you choose to double the bet then that's when you are brave and ready to take the risk and yes, experiments like this will not be good to do if you don't risk ready. Simply bet for entertainment and fun, because only by choosing this way at least you will be safe, because gambling is very possible for you to be greedy and lose control.

A risk taker is aware of doubling the bet is no guarantee. That's why he's called that way according to what he does. We often see people say about betting for fun and entertainment but the reality people do gamble for the sake of the money.
Commentors like us tend to say about entertainment and fun but the actual situation of the gamblers is they do gamble for the money. And every strategy that they create is no other reason but to win and gain profit.

[wozzek23]

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 can be a good decision or not as it is purely based on your luck factor. I have seen people who are complaining about why we do not go for doubling the base bet even when we are hitting profits. It means they are complaining like we are missing out good chances when luck is in our favor but we are trying to maximize our chances of being lucky when we are making losses. But unfortunately this is how martingale strategies is working and we should stick with its terms what exactly it is emphasizing.

Basically, martingale strategy is all about recovering our losses which will be possible only when we double the betting. So, if you hit profits then you must move on to test your luck again. If you  hit losses then you should work on recovering your losses. So, it makes sense to double the betting after losses and sticking with same bet after profits.

[btcltcdigger]

Well yes and no, but it all comes down to luck.

For example, start with a 10 satoshi bet.
On loose double it.
Theoretically, you can easily get a bad streak od 25 losses in a row, and you loose 1BTC+

[KTChampions]

You can use martingale on Sports betting but ideally the strategy works when you know what the odds are and can win at a flat rate. So usually you're talking about using it on something like roulette and betting on a single color over and over again. Sports betting is a bit more complicated because it's easier to go on a losing streak with shitty calls.

How are sports bets fundamentally different from casino bets? Martingale is bad both here and there. In sports quite often there are win-win or series without wins, even for teams from which it was difficult to expect. And there is an additional unpleasant moment: there is always a break between sporting events, so the money that you invested in the Martingale strategy leaves you for long periods of time.

[Gyfts]

You can use martingale on Sports betting but ideally the strategy works when you know what the odds are and can win at a flat rate. So usually you're talking about using it on something like roulette and betting on a single color over and over again. Sports betting is a bit more complicated because it's easier to go on a losing streak with shitty calls.

How are sports bets fundamentally different from casino bets? Martingale is bad both here and there. In sports quite often there are win-win or series without wins, even for teams from which it was difficult to expect. And there is an additional unpleasant moment: there is always a break between sporting events, so the money that you invested in the Martingale strategy leaves you for long periods of time.

Because it's easier to make terrible calls on sportsbetting if you don't know what you're doing oppose to a defined probability of winning. If you're playing roulette, betting on red each time has a predictable outcome and you can calculate the chance of losing n times in a row. You can do the same thing with sports betting, but again, sports betting can also involve terrible calls because it isn't inherently about pure luck. Most of the times it is, but again, the point is about maintaining well defined odds and a game like roulette gives that to you easier than sports betting.

[Darker45]

Well yes and no, but it all comes down to luck.

For example, start with a 10 satoshi bet.
On loose double it.
Theoretically, you can easily get a bad streak od 25 losses in a row, and you loose 1BTC+

25 losses in a row does not happen all the time. It happens once in a blue moon, but then the fact remains that it happens. We are talking about 50% chance of winning here. The question is: is it gonna be worthy chasing that 10 Sats base prize up to the point of betting 8 million times more in the process? That is the ultimate goal in this martingale example. At some point you will have to wager like 0.8306 BTC in order to get back to step 1 and win 10 Sats.  

[peter0425]

I use this when i am still hooked in gambling,because i am not contented in small winning and i hate seeing my losses.
all i want is to earn more and more thats why i don't care of the money.
i only stops win i lose all in my pocket and will come back once i again have capital to gamble.

Well yes and no, but it all comes down to luck.

For example, start with a 10 satoshi bet.
On loose double it.
Theoretically, you can easily get a bad streak od 25 losses in a row, and you loose 1BTC+

10 sat doubling is not a bad idea ,but 100 sat to 200 sat is abused if you have limited budget.

[DabsPoorVersion]

I use this when i am still hooked in gambling,because i am not contented in small winning and i hate seeing my losses.
all i want is to earn more and more thats why i don't care of the money.
i only stops win i lose all in my pocket and will come back once i again have capital to gamble.

Same here, but this strategy brings nothing but more losses,

Especially if you are more concern with more winnings and you stop thinking about other things like saving your money or having a new strategy.

Well yes and no, but it all comes down to luck.

For example, start with a 10 satoshi bet.
On loose double it.
Theoretically, you can easily get a bad streak od 25 losses in a row, and you loose 1BTC+

10 sat doubling is not a bad idea ,but 100 sat to 200 sat is abused if you have limited budget.

Even if you have an unlimited budget, even if it is small I think this is still an abused if you double your bet since it is like you are rushing into things and that will become the reason for you to lose more.

[ethereumhunter]

I have seen people who are complaining about why we do not go for doubling the base bet even when we are hitting profits.

If there are people who ask about that again, you can suggest them to try by themselves and see what the result for them is but don't forget to suggest them not too greedy and chase the win money. If somehow, they win the games, yes, they have their luck. But if it's not, they don't have to complain because they decide to bet double and if they lose, they cannot say anything to other people because we already warn them.

[Gheka]

I have seen people who are complaining about why we do not go for doubling the base bet even when we are hitting profits.

If there are people who ask about that again, you can suggest them to try by themselves and see what the result for them is but don't forget to suggest them not too greedy and chase the win money. If somehow, they win the games, yes, they have their luck. But if it's not, they don't have to complain because they decide to bet double and if they lose, they cannot say anything to other people because we already warn them.

And as usual, luck will lead us to a result in gambling, winning or losing will greatly depend on our fate that day but that's a case where the luck factor exists, if the casino can get rid of every outside element like luck and technology, double betting after losing only gives us a single result, we will lose or be led to a bigger loss. This is also a warning to those who ask this question, luckiness will be a factor that can be arranged in gambling, since joining, we have lost control of luck and are going into a loss

[blockman]

10 sat doubling is not a bad idea ,but 100 sat to 200 sat is abused if you have limited budget.

This amount is acceptable. If you double 10 -20- 40- 80 up to 100, that's still an acceptable amount. Just look how much you have and weigh how much huge and small to you.
We're talking about satoshis here and they aren't that much if the figure is even lower and doubling it wouldn't matter to you.

[KnightElite]

10 sat doubling is not a bad idea ,but 100 sat to 200 sat is abused if you have limited budget.

This amount is acceptable. If you double 10 -20- 40- 80 up to 100, that's still an acceptable amount. Just look how much you have and weigh how much huge and small to you.
We're talking about satoshis here and they aren't that much if the figure is even lower and doubling it wouldn't matter to you.

If it is just a satoshis then it is applicable, when it comes about gambling with huge amount of money; doubling after a lose is not a good decision because it is a 50-50 chance. It is whether you regain your losses or it is whether you double your losses, that is why we should avoid it especially if we bet with huge amount of bitcoin.

There are a lot of people who regretted their decision when they lose because they did double their bets after they lose, it is proven that we should stay away with that kind of strategy because it can lead to greed that can lead to major more losses.

[tbterryboy]

Basically, martingale strategy is all about recovering our losses which will be possible only when we double the betting. So, if you hit profits then you must move on to test your luck again. If you  hit losses then you should work on recovering your losses. So, it makes sense to double the betting after losses and sticking with same bet after profits.

This must be one of the best explanation about what is martingale strategy. I just want to add a little more from what I have observed with this strategy. If you notice, almost all the strategies are working on eliminating losses but making profit is just based on our skill or luck factors.

This is because if you are able to recover the losses somehow then you can keep making profits. This is how exactly martingale strategy is working. So, doubling the betting after a loss is really a good decision. If you do not recover losses immediately then how you could focus on making profits. I just believe martingale strategy must be one of the greatest invention of mankind but unfortunately it is not working in this crypto gambling world.

[blockman]

10 sat doubling is not a bad idea ,but 100 sat to 200 sat is abused if you have limited budget.

This amount is acceptable. If you double 10 -20- 40- 80 up to 100, that's still an acceptable amount. Just look how much you have and weigh how much huge and small to you.
We're talking about satoshis here and they aren't that much if the figure is even lower and doubling it wouldn't matter to you.

If it is just a satoshis then it is applicable, when it comes about gambling with huge amount of money; doubling after a lose is not a good decision because it is a 50-50 chance. It is whether you regain your losses or it is whether you double your losses, that is why we should avoid it especially if we bet with huge amount of bitcoin.

There are a lot of people who regretted their decision when they lose because they did double their bets after they lose, it is proven that we should stay away with that kind of strategy because it can lead to greed that can lead to major more losses.

As long as the amount is good as you can accept it to lose, that will not matter that much even if your strategy is doubling it. A known strategy that we know totally has a rule like this but it's not as effective to most.
Discern if you are ok doubling it but if not, then don't do it.

[South Park]

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.

People simply put do not understand probabilities, they think that since there is always a chance to get their money back with martingale they are going to try it since they feel that somehow the world revolves around them and they should get their desired results despite the math that says it is not possible to do it over the long run, and when you add that in the short term martingale may seem to work by allowing to recover their money each time they try the strategy it is easy to see why they disregard the odds, until the day it does not work and they lose their entire capital and then they say the games are rigged when what actually happened was simply inevitable and a mathematical certainty.

[joshy23]

10 sat doubling is not a bad idea ,but 100 sat to 200 sat is abused if you have limited budget.

This amount is acceptable. If you double 10 -20- 40- 80 up to 100, that's still an acceptable amount. Just look how much you have and weigh how much huge and small to you.
We're talking about satoshis here and they aren't that much if the figure is even lower and doubling it wouldn't matter to you.

Analyze and observe your behaviors, if you are getting aggressive it's means that you are prone to lose bigger amount of money. There's always a good practice in checking how capable you are with this strategy and how good you are managing your fund.
Martingale type of strategy can be good if you are lucky but if you are not expect much damage to your money.

[Russlenat]

Martingale type of strategy can be good if you are lucky but if you are not expect much damage to your money.

You can use any strategy if you are lucky, martingale is good for people who are not lucky in picking bets so they want to try many times and if they'll win one bet, they'll win back all their loses, and I would say this is a bad strategy for unlucky people especially if they don't have the discipline.