Is Betting Double After Losing is Really a Good Decision?

[Eugenar]

Actually there is no techniques when betting double, triple after losing or winning the game because there is no theory that says about that, it will all depends to the gambling. That techniques will be applicable if you are playing on a game that requires skills and knowledge, if you can see how the process can be done, if you can see that you may win the game, but that is not quite possible because gambling will not exists if we can see that we will win the game.

[Sadlife]

I think it would lead to huge loses because in every gambling site there are different algorithm's being used and unique random modules implemented. So it would be a self destruction if you try the martingale strategy to a site which you dont even know the sequence or studied the pattern when to double your bets it could be a loss. Better first to find a pattern or tutorials before placing big bets.

[LbtalkL]

You have mentioned roulette and dice those gambling games are purely based on luck, So betting higher or double than your first bet is very risky or should I say every bet on those games are risky no matter what is the amount of bet. I don't discourage you on dice but it is the truth it depends on your luck everytime.

[Lakai01]

Betting double doesn't guarantee you will win. In theory you can flip a coin 10 times and bet on the wrong side every time. So even with a 50/50 chance there is no such thing as a safe bet. And there is always a house edge that will get to you sooner or later.   

This is where an effect comes into play, which is also known as "gamblers fallacy". This describes the fact that a player assumes that a random event is more likely if it has not happened for a long time.
E.g. as a player one assumes that after 5 blacks there must simply be red because the probability of 6 reds is very low. However, chance has no memory, it is equally likely that red or black is drawn in every game round.

This is also the reason why Martingale sounds so tempting at first glance. It is assumed that an event (for example, 6 times in a row in black) simply cannot occur because "at some point red must come and black has been drawn so often". In fact, both red and black have a 50:50 chance on move 7.

[coinlocket$]

As probably someone else already said, no.

Casinos are not stupid and to prevent this abuse they use a cap.
To make a profit with the cap you need to start to point a very low amount and play a very big number of games.

What happens? You will play milions of games and in the end, you will have a 10-12 bet bad streak and you will hit the cap of the bet and you will lose everything.

[naikturun]

I'm also a little doubt that even if the odds are 50%, we won't necessarily win in the next round, so it's not certain to win, I've already applied it and I lost, I'll try it on casino real.
but if online gambling I doubt it, because the system might not be fair.
Or you need lot capital to recover if you have more than 5x lose.

[yazher]

Well, This is suicide. this is how you will lose everything you have because after you've done with your bet and still you lose on that double bet, you gonna bet again until you have nothing left. when you go home, you still thinking about how to get it back as soon as you can but unfortunately, you get there to lose again and so on so forth. This is how most gambles stress their mine and lose their strategies in real life. they will fell to that kind of method but in reality that does not really work at all.

[DabsPoorVersion]

No,

It simply shows that you are rushing your gameplay, it is more like taking your losses back immediately after losing it. It is not a good decision and more like a suicide. It is like you are asking the house to take all the money you have.

[Becky666]

Double your games while loosing only means that you are ready to run deeper into your loose and nothing more. Many individuals have tried this strategy and came out to deepened their lost. This was the caused of my lost last time on virtual sport betting and integrated my actions. This is not a good decision for any gambler to embark upon, gamble responsibly and be more cautions of your limit during the play(Gambling).

I believed many have been cautioned while others haven't been but whosoever that the fire bite always learn lesson from others. I have just learned my own lesson and nothing you tell me in gambling.

[FanEagle]

Well martingale has been in the gambling world far longer than bitcoin has been around, martingale has been a system that basically worked out until it doesn't and that made it quite famous as well. Could you be profiting with martingale? On the short term there is a chance, you can make your money double up before you can actually go bust, there is actually a quite high chance of success with it if you are lucky and play for just short term and not long term.

However if you are gambling for long term, remember that there is a very very high chance of going 20 losses in a row, there is same chance for 20 wins in a row but since you bet base on that it doesn't bring you too much profit whereas 20 losses in a row does bring you a big amount of loss that will cause you to stop even before reaching the 20th loss.

[carlfebz2]

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 already have mentioned the disadvantage which we cant surely win on next bet thats why doubling bets after a win will surely mess up your balance or blow your capital in a blink of an eye
when losing streak hits you.This is quite common and been used mostly by gamblers who do play luck based games like dice, same goes for roullete or any other similar games which is doubling
amount on loss or even on wins.There are lots of variations you can make on martingale system but most people do know that this doesnt work from time to time.
It would be much better on betting 2x multiplier on a manual roll either you can make profit or not.

[michellee]

For dice games, it doesn't work for me because my chance to win is not bigger, and I think it is the same as if I don't use a strategy. I never think to use a specific strategy because I really know that dice games would need the luck to win, so I prefer to use random or play with no strategy. That will good for you if you don't think or chase the winning, and you only want to play gambling because of having fun reasons and enjoy the game. But maybe that strategy will work for some people because they also have their luck and that luck can come to them so they can win the games.

[lienfaye]

In my experience everything will be base how lucky you are regardless of what game it is. Making your bets double is like you're willing to lose your money, we know this is very risky because you cant be certain if you're going to win or not. Its good if you win but what if you lose? Using this strategy can result of further losses and whats worse is it can be the reason for a gambler to become addicted because of trying to recover back what they have lost.

[TitanGEL]

In my experience everything will be base how lucky you are regardless of what game it is. Making your bets double is like you're willing to lose your money, we know this is very risky because you cant be certain if you're going to win or not. Its good if you win but what if you lose? Using this strategy can result of further losses and whats worse is it can be the reason for a gambler to become addicted because of trying to recover back what they have lost.

It is because of the greed that we are feeling and that is why there are people who double their bets after lose money. For me it is not good strategy because if you do that,  it only means that you cannot control your emotions which is the greed. People are frequently losing by doubling their bets, be careful on the decisions that we will make because it can results to incur more losses and we cannot able to regain it easily.

[btc78]

if you can afford to lose?then why not mate because its your money that will at risk but remember to know the limitation because chasing losses is usually the reason why people in gambling becomes addicted.

another thing is If you feel the Luck is in your way?then why not just try to grab some chances but only for a couple of times and if you fail?then stand from the table and leave gambling area now since this is not your day.

[Russlenat]

For dice games, it doesn't work for me because my chance to win is not bigger, and I think it is the same as if I don't use a strategy.

No one wins in dice if you are expecting to win consistently as there is a house edge and no strategy would work on games where there is a house edge, even the martingale strategy.

I never think to use a specific strategy because I really know that dice games would need the luck to win, so I prefer to use random or play with no strategy. That will good for you if you don't think or chase the winning, and you only want to play gambling because of having fun reasons and enjoy the game. But maybe that strategy will work for some people because they also have their luck and that luck can come to them so they can win the games.

You have to choose your game if you are really going to focus your time on it and try to find success and it's possible on games like sports betting not in dice. Personally, I am also playing dice from time to time, but I prefer not to spend much time on dice as I can just rely on my luck here, sometimes we win sometimes we lose, its not something that if we focus we can improve ourselves here.

[sheenshane]

For dice games, it doesn't work for me because my chance to win is not bigger, and I think it is the same as if I don't use a strategy.

No one wins in dice if you are expecting to win consistently as there is a house edge and no strategy would work on games where there is a house edge, even the martingale strategy.

That's why playing on based on luck games is very slim the chances of winning. You can't win consistently and defeat the house edge in any form of strategy. For me, betting double is like desperately to have a profit from gambling and that is high risk on gamblers that probably their bankroll becomes fast empty.

Try to gamble and bet normally and enjoy what you are doing without chasing money. Maybe in that way, good luck will be yours and might earn a massive profit from gambling. And of course, always gamble that you can afford to lose.

[Yatsan]

if you can afford to lose?then why not mate because its your money that will at risk but remember to know the limitation because chasing losses is usually the reason why people in gambling becomes addicted.

another thing is If you feel the Luck is in your way?then why not just try to grab some chances but only for a couple of times and if you fail?then stand from the table and leave gambling area now since this is not your day.

Totally agree with this!! And in addition, as long as it's effective to you then, use it! we have different amount of luck so you might be lucky and that strategy will benefit you. I already try that way back 2015 I think, I played at bitsler and  use martingale strategy and surprisingly it works! I gain more than 3btc that time and after that I stopped and enjoy my winnings 

[criza]

No, it is just a sign of a gambler that have lost proper decision making because, it is not always what we expects that would happen. Sometimes, it is better to play safe because, not all times we win, there are times that we lose and times that its our luck day. We should alwayd consider what would happen after we bet on to something.

[joshy23]

if you can afford to lose?then why not mate because its your money that will at risk but remember to know the limitation because chasing losses is usually the reason why people in gambling becomes addicted.

another thing is If you feel the Luck is in your way?then why not just try to grab some chances but only for a couple of times and if you fail?then stand from the table and leave gambling area now since this is not your day.

Totally agree with this!! And in addition, as long as it's effective to you then, use it! we have different amount of luck so you might be lucky and that strategy will benefit you. I already try that way back 2015 I think, I played at bitsler and  use martingale strategy and surprisingly it works! I gain more than 3btc that time and after that I stopped and enjoy my winnings 

Wow, seems that there's someone who benefited from this strategy though most of those who lean from this style of gaming losses everything
but yes if you do get something good from this strategy then continue and enjoy you luck.
If not, then stop and forget about using this to avoid certain losses.