Is Betting Double After Losing is Really a Good Decision?

[Mumbeeptind1963]

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.

For me, whatever it is, I would not do that, in gambling you have a 50/50 chance in every bet that you will make, so I think when you do making double your bet can only result in not a good thing, you must control your fund and gameplay as well, so that you may avoid this thing and can have a little loss, because if you do, you will have a triple loss, and can only frustrate and make you bet again and again until you cover all those loses.

[Assface16678]

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.

For me, whatever it is, I would not do that, in gambling you have a 50/50 chance in every bet that you will make, so I think when you do making double your bet can only result in not a good thing, you must control your fund and gameplay as well, so that you may avoid this thing and can have a little loss, because if you do, you will have a triple loss, and can only frustrate and make you bet again and again until you cover all those loses.

I will do the same with you because most of the time there are a lot of people listening to the hoax that if you lose your game try it in a double so you can scare other players but some of them are confident too and agree with the deal so it is got more risk because the only chance of 50 percent to win the deal if you are this kind of person it is better to take some time to decide because it can cause immediately of losing your funds. But if you want to play safe you will not do this kind of double your wage when you lose, but still, it depends on the players luck and confidence if they are trying to risk the money and the game to have a double income.

[Lucasgabd]

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

[AakZaki]

Martingale is not supposed to be a strategy.
It's a way of betting. No way it will increase winning chances.

If the Martingale strategy can be effective the bookies will go bankrupt, because all gambling players will use it.
I often say that gambling is only based on luck, maybe this word is appropriate for gambling on 1% strategy - 99% luck.

So if someone playing gambling doesn't have the most luck, don't expect to be able to get a lot of money.  Using any strategy in gambling must still be wise in making decisions, if the percentage of defeat is better to stop for a moment and come back another time.
Similarly, when winning, do not be complacent before the money is completely used up because of it.

[stadus]

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

The thing is you are saying it depends on the game you are playing but in the end you said the house always wins.
Try to realize that not all games has house edge, there are skilled based games where you are not gambling against the house,  like sports betting, bettors gambling against each other, house just facilitate the bets.

[kawetsriyanto]

If the Martingale strategy can be effective the bookies will go bankrupt, because all gambling players will use it.

Definitely. No certain strategy is applicable for betting, Martingale is indeed never considered as an effective strategy. You are right, no betting site can survive to pay all the gamblers if Martingale is proven as an effective strategy.  

I often say that gambling is only based on luck, maybe this word is appropriate for gambling on 1% strategy - 99% luck.

Yep, this is what I also believe in. Most gambling games are based on luck, including betting. In this case, a strategy isn't the main factor to determine winning or losing. So, it sounds a bit funny if someone can state that he has an effective way/strategy to beat betting.

[romero121]

Gambling is all about fun and excitement. The excitement gives happiness as well as sadness based on the result of the game. Very few double after losing or the martingale strategy with a better understanding. In most cases out of anger or loss encountered people just keep on increasing the spending. Here the success rate is very low in such cases than people using such strategies with a better learning.

[TitanGEL]

Gambling is all about fun and excitement. The excitement gives happiness as well as sadness based on the result of the game. Very few double after losing or the martingale strategy with a better understanding. In most cases out of anger or loss encountered people just keep on increasing the spending. Here the success rate is very low in such cases than people using such strategies with a better learning.

It is true that we can get enjoyment through gambling but we can also get anxiety and not good feeling especially if we lose. Those people who are not aware the risks that they are taking are the people who are prone to double their bets after they lose because there is a greed that they are feeling and their mind is focusing on how they will get back the loss and their solution is by doubling their bets.

[fortunecrypto]

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

The house always win and you can only beat it when you know when the right time to quit, there's always a temptation to continue thinking it's your lucky day and you have to go on, but the truth is the algo will make you think that way until you realize that you should have quit when you are in a winning streak.

[KnightElite]

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

The house always win and you can only beat it when you know when the right time to quit, there's always a temptation to continue thinking it's your lucky day and you have to go on, but the truth is the algo will make you think that way until you realize that you should have quit when you are in a winning streak.

Our luck is not unlimited that is why we should aware on where and how we are going to quit especially if we have now winning streak. There are people who suffer losses instead to gain profit because they let their greed to control them. They are not realizing that the profit that they made is now enough and they will regret their decisions if they lose huge amount of money.

[matchi2011]

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

The house always win and you can only beat it when you know when the right time to quit, there's always a temptation to continue thinking it's your lucky day and you have to go on, but the truth is the algo will make you think that way until you realize that you should have quit when you are in a winning streak.

Greed always conquer your mindset thinking that you have that lucky day and let you continue to keep playing until you realized that you already losing
everything back. It's no argument that discipline gambler can do take advantage of situation, quitting while they still have decent profits and not to play
aggressively when things is not in their favor.

[btc78]

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

The house always win and you can only beat it when you know when the right time to quit,

yups if we can be contented in small winnings and not becoming greedy to look for much even higher then thats a different thing i guess .

there's always a temptation to continue thinking it's your lucky day and you have to go on, but the truth is the algo will make you think that way until you realize that you should have quit when you are in a winning streak.

yeah that is it mate,the Online casino will only let you win for a while to make your confidence boosted but after that?for sure the program will go against you and without being noticed losing will take place .

[ShowOff]

-snip-

Can I say its coincidence and not strategy ? I hope this is more appropriate to say because there is no strategy that will bring the player to victory in a row and make him a rich man. I am sure the strategy discussed is not the right thing to be adopted by gamblers, it is just a coincidence and there is no strategy that guarantees that players benefit.

[tsaroz]

I have quiet an experience on losing due to rage betting and one of the popular way of rage betting is to double your bet amount. Even a simple auto martingale does the same. Not only you'll lose fast, you'll also not be able to enjoy what you are doing. It would be better to limit your max bet. It would give you a chance to review your decision or could run for a bit longer where your luck could flip on your side.

[stadus]

I have quiet an experience on losing due to rage betting and one of the popular way of rage betting is to double your bet amount. Even a simple auto martingale does the same. Not only you'll lose fast, you'll also not be able to enjoy what you are doing. It would be better to limit your max bet. It would give you a chance to review your decision or could run for a bit longer where your luck could flip on your side.

Well TBH, I already stop using auto martingale, I use that strategy when playing dice but my experience is mostly a lose and eventually I lose my interest in gambling dice as it was not as entertaining as I was expecting, in the long run you'll get bored, yes the result is fast but we failed to realize our real chances, so now, I do only play for pure entertainment.

[Lucasgabd]

I have quiet an experience on losing due to rage betting and one of the popular way of rage betting is to double your bet amount. Even a simple auto martingale does the same. Not only you'll lose fast, you'll also not be able to enjoy what you are doing. It would be better to limit your max bet. It would give you a chance to review your decision or could run for a bit longer where your luck could flip on your side.

Well TBH, I already stop using auto martingale, I use that strategy when playing dice but my experience is mostly a lose and eventually I lose my interest in gambling dice as it was not as entertaining as I was expecting, in the long run you'll get bored, yes the result is fast but we failed to realize our real chances, so now, I do only play for pure entertainment.

as usual, the house always wins
I prefer not to use martingale too.

but seem like some people have results with it.

still never saw detailed reports on gambling experience of people, that could be interesting to follow.

[Mometaskers]

It depends on what betting strategy you are using. But if you are trying to conserve as much money, then no.

I don't know what to properly call it but I only increase bets after wins. After consecutive losses I then reduce bets.

[South Park]

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.

Even if we assume you had the skill to obtain profits in something like sports betting something like martingale will surely destroy your bankroll, it has been demonstrated many times that even if you have a system that earns profits money management skills are what separates those that are successful over the long term and those that fail, doubling your bet each time you lose is a bad strategy because you do not have an unlimited amount of money, also casinos know about this strategy and to protect themselves from players with huge bankrolls they limit the amount of money you can place on each bet.

[aakashsangwan]

It depends on what betting strategy you are using. But if you are trying to conserve as much money, then no.

I don't know what to properly call it but I only increase bets after wins. After consecutive losses I then reduce bets.

Many people follow betting systems while betting thinking that they will win the money, but the thing is that even they win in short term from the gambling website but in the long run they always loose due to the house edge.
Many a times I have been using Fibonacci system in an automated script on many gambling websites in the start they make you money, but after a time the websites start a loosing streak that goes for many turns in a row which make you loose all your bankroll and that's the fault in doubling down strategy.

[AakZaki]

It depends on what betting strategy you are using. ~snip~

What kind of strategy do you mean?  I'm not sure if anyone says a certain strategy can make a win in gambling.  Because many people have said that the bookies will win in the end.  On the other hand I always assume that gambling is only based on luck.
If playing gambling does not coincide with luck you must take a break and return when luck is truly on your side.