What has been your longest streak of dice losses using martingale ..?

[FatFork]

Do you think that gambling casino are so intelligent that they detect that a person is going for a martingale kill and for that reason he continue to lose and lose ?  

Some of them probably do.

I mean the OP lost 32 consecutive times, that is not normal by any means.

Losing 32 times in a row in a martingale strategy is not so incredible in the long run. If you ever use a bot and try a martingale with a very low stake, you will probably encounter such a losing streak sooner or later.

Also it depends on which site you are playing as I do not trust all the sites to be fair.

It's true. But most casinos rely on the house edge so in the long run, 'the house always wins' regardless of all the 'strategies' that gamblers devise.

[Tytanowy Janusz]

I never have used martingale as a strategy when playing dice or roulette.I hardly play these games but when I do I make sure to not use martingale for the simple reason that the games are controlled by AI software so it can fall 100 times red in roulette or 100 times lower in the dice game.

I think you better stop collecting data on martingale as it will be useless.

Almost every online casino has provably fair mechanism - well at least those that come from crypto world. No one is controlling output. Casino does not need that to earn on statistic advantage over gambler. In fact casino earns as much as it's reputation allows it. That is why it is simply not worth cheating at high level.

Read more about provably fair mechanism based on example - https://bitcointalk.org/index.php?topic=5235045.msg54086701#msg54086701

[FlightyPouch]

I don't have enough balance as the OP did and I have 7 streaks on mine. I can't remember how much I deposited at that month but I managed to gain at least .1 btc at that time and then that 7 losing streaks wreak havoc. After that, I almost lost my profit so I stopped betting and just do a certain amount of bets every day. I still lost all of them though.

[o_e_l_e_o]

Do you think that gambling casino are so intelligent that they detect that a person is going for a martingale kill and for that reason he continue to lose and lose ?  I mean the OP lost 32 consecutive times, that is not normal by any means. Also it depends on which site you are playing as I do not trust all the sites to be fair.

There are, without a doubt, plenty of scam casinos and gambling sites out there which are not fair and will give out losing streaks on purpose to rip off their users and maximize their profits. This is by no means unique to users who are using a martingale system, and unfair casinos can rip off anyone who uses them.

You should only be using sites which are provably fair. Most honest bitcoin gambling sites achieve this by generating a secret "server seed", but showing you the hash of the seed before you bet. You generate a "player seed", and the site combines the two seeds (usually by hashing them together), and uses the resulting number to generate the outcome of your roll, flip, spin, card dealt, or whatever it is. To prove fairness, you can reveal the "server seed", which you can check hasn't been altered since you know the hash, combine it with your "player seed", and confirm the final result matches your roll, flip, spin, etc.

[ethereumhunter]

I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

Greetings

If you use auto roll for 32 times, I think that will not take too long

But if you use manual, maybe that will depend on how long the interval you click the button.

I don't use too much money in dice, especially in freebitco.in but I guess that I tried with 10-15 times but only 3 times that I can win the money. The rest result is losing the money.

[bitgolden]

Do you think that gambling casino are so intelligent that they detect that a person is going for a martingale kill and for that reason he continue to lose and lose ?  I mean the OP lost 32 consecutive times, that is not normal by any means. Also it depends on which site you are playing as I do not trust all the sites to be fair.

I doubt how it will be possible to face such longer streak of 32 losing bets? Because I just do the math and it shows they must need around 42 bitcoins in their bankroll given that they started their first bet with one satoshi. Freebitco.in is offering gambling only in BTC hence there will be no chances for gambling with any other coin .

#   Bet Amt in BTC      Accumulated Amt in BTC
==============================
01   0.00000001      0.00000001
02   0.00000002      0.00000003
03   0.00000004      0.00000007
04   0.00000008      0.00000015
05   0.00000016      0.00000031
06   0.00000032      0.00000063
07   0.00000064      0.00000127
08   0.00000128      0.00000255
09   0.00000256      0.00000511
10   0.00000512      0.00001023
11   0.00001024      0.00002047
12   0.00002048      0.00004095
13   0.00004096      0.00008191
14   0.00008192      0.00016383
15   0.00016384      0.00032767
16   0.00032768      0.00065535
17   0.00065536      0.00131071
18   0.00131072      0.00262143
19   0.00262144      0.00524287
20   0.00524288      0.01048575
21   0.01048576      0.02097151
22   0.02097152      0.04194303
23   0.04194304      0.08388607
24   0.08388608      0.16777215
25   0.16777216      0.33554431
26   0.33554432      0.67108863
27   0.67108864      1.34217727
28   1.34217728      2.68435455
29   2.68435456      5.36870911
30   5.36870912      10.73741823
31   10.73741824    21.47483647
32   21.47483648    42.94967295

Average value of bitcoin in 2018 is around $5000, which means if OP gambled and lost (42*5000) ~$210k then that must be an enough money to hit in prime news channels.

[pilosopotasyo]

I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

Greetings

I'm a small-time gambler and yes I do martingale but I never go fast 10, or if my small funds will still allow me to go on, the longest I have been on a dice losing streak was only 10 it's hard to keep when you are in your bad day, you have no choice but to stop and only play with funds that you can afford to lose.

[onrise]

I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

Greetings

I'm a small-time gambler and yes I do martingale but I never go fast 10, or if my small funds will still allow me to go on, the longest I have been on a dice losing streak was only 10 it's hard to keep when you are in your bad day, you have no choice but to stop and only play with funds that you can afford to lose.

I know martingale will not work for me as I do not have so much enough that keep doubling and keep adding the money to keep gambling it. Also I do not gamble as such to make money so not worth it. Only for people who want to make money or just play for it may be interested provided they can afford so much money to have with them.

[matchi2011]

I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

Greetings

I'm a small-time gambler and yes I do martingale but I never go fast 10, or if my small funds will still allow me to go on, the longest I have been on a dice losing streak was only 10 it's hard to keep when you are in your bad day, you have no choice but to stop and only play with funds that you can afford to lose.

I know martingale will not work for me as I do not have so much enough that keep doubling and keep adding the money to keep gambling it. Also I do not gamble as such to make money so not worth it. Only for people who want to make money or just play for it may be interested provided they can afford so much money to have with them.

Martingale in the long run needs to have huge amount of funds.  Keep  doubling your stake and with unsure numbers of losing streaks it will burned huge amount of money. I don't have that long losing streak since I don't gamble that much might be 8-10 losing streak if i remember it correctly and after losing everything I stop and forget about doing the same strategy again.

[Sativanaka]

Do you think that gambling casino are so intelligent that they detect that a person is going for a martingale kill and for that reason he continue to lose and lose ?  I mean the OP lost 32 consecutive times, that is not normal by any means. Also it depends on which site you are playing as I do not trust all the sites to be fair.

I doubt how it will be possible to face such longer streak of 32 losing bets? Because I just do the math and it shows they must need around 42 bitcoins in their bankroll given that they started their first bet with one satoshi. Freebitco.in is offering gambling only in BTC hence there will be no chances for gambling with any other coin .

#   Bet Amt in BTC      Accumulated Amt in BTC
==============================
01   0.00000001      0.00000001
02   0.00000002      0.00000003
03   0.00000004      0.00000007
04   0.00000008      0.00000015
05   0.00000016      0.00000031
06   0.00000032      0.00000063
07   0.00000064      0.00000127
08   0.00000128      0.00000255
09   0.00000256      0.00000511
10   0.00000512      0.00001023
11   0.00001024      0.00002047
12   0.00002048      0.00004095
13   0.00004096      0.00008191
14   0.00008192      0.00016383
15   0.00016384      0.00032767
16   0.00032768      0.00065535
17   0.00065536      0.00131071
18   0.00131072      0.00262143
19   0.00262144      0.00524287
20   0.00524288      0.01048575
21   0.01048576      0.02097151
22   0.02097152      0.04194303
23   0.04194304      0.08388607
24   0.08388608      0.16777215
25   0.16777216      0.33554431
26   0.33554432      0.67108863
27   0.67108864      1.34217727
28   1.34217728      2.68435455
29   2.68435456      5.36870911
30   5.36870912      10.73741823
31   10.73741824    21.47483647
32   21.47483648    42.94967295

Average value of bitcoin in 2018 is around $5000, which means if OP gambled and lost (42*5000) ~$210k then that must be an enough money to hit in prime news channels.

Idk what it could be wrong in your numbers bro, as I said I managed to get around 5 extra BTC from my deposit, so the total bankroll was about 10-11 BTC at that point.

I just found this internet, it seems right because I remember that there was no room for a next bet since my balance was pretty much dead already.

https://ibb.co/7KWHSY3 Using my config wich as I said it was multiply my bet by 61.8% after every lose. The multiply/bet odds was 3.

[Tytanowy Janusz]

I wasn’t aware of the risk management while betting, I thought it was kinda reserved just for my trading activity, thanks God I din not lose that last roll, but as I mentioned. I never played anymore...

Risk management is useless in gambling with luck-based games. It does not matter if you place a bet with 1% of your gambling wallet or 100% you still have the same odds of winning and reward if proportional to risk. Risk/money management is necessary only with games in which your opponent does not have statistic advantage over your. F.e Poker.

That's why we have professional Poker players and 0 professional roulette players. Because with luck-based games there is only one factor that determines how much you win/lose - that's luck.

Nice info in those thread, taking that in consideration, I was using the Martingale v4 that it shows there The fibbo progression...

Fibbo progression had one of the worse results. Fibbo is too slow in compare to accumulated lost.

Well i don't have impressive results.

Code:

Limit: 
1000000
target: 
2000000
How manny tests
10000
Casino lost with 0 gamblers out of 10000

No one was able to double portfolio while entering casino with 1 000 000 initial bet - with original martingale 27% gamblers beat casino.

How about lower limits?

Code:

Limit: 
500
target: 
1000
How manny tests
100000
Casino lost with 3460 gamblers out of 100000

Only 3,46% gamblers was able to double. With original martingale 39% gamblers beat casino.

That's because Fibonacci function grow too slow. Means that after 10 lost bets next bet will be 89. Total loss will be 232 what gives net loss. That way you are constantly going down with your wallet.

[Kong Hey Pakboy]

I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

Greetings

Well. My longest lose streak in a dice game using a martingale strategy is only 12. I suddenly stop when i lose in my 12th bet because i had enough losing more money, so i just prevented myself to lose all of my profit in just one day.

[BitcoinTurk]

I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

Greetings

Generally, when I am gambling, if I start losing, I do not continue any longer, but in some cases, I may be continuing due to psychological factors and in this case I am constantly losing. I'm not entirely sure, but I remember I lost around 10-12 in a row the way you mentioned, because for more, either I can't afford it, or I manage to stop myself from playing more. Unfortunately, even though I know how to stop myself, I always lose long-term and spend my money by gambling. That's why when I am gambling, I deposit a small amount of money in my account in order not to spend a lot of money.

[deisik]

I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in

freebitco.in has an insane house edge of 5% or something to that tune

So it is no surprise that you can lose 32 bets in a row on x2 multiplier (provided you have that much money in the first place). With a regular house edge of 1%, I've seen streaks of 28-29 losses, although on a somewhat higher multiplier (like 40% winning chance). People anecdotally report and I can confirm that variance (which is responsible for longer losing streaks) is surging with odds below 37% up to a point where it becomes completely unmanageable (read, don't try your luck and practice martingale at odds lower than 37%)

[TheUltraElite]

Essentially the answer to your OP question is infinite. You can get as many reds/greens as the universe can give on any betting streak regardless of whether it is martingale or not. This is called luck and you cannot use martingale to evade your bad luck. If there was such a method then casinos would have gone bankrupt a long time ago. A real martingale assumes that the bankroll is infinite and that the maximum bet outcome is infinite too, which is false in real life gambling and so it will fail at one point, which site is the game on, is irrelevant.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

  You should consider yourself lucky that it did not go beyond that.

[20kevin20]

I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

Greetings

OP, if you'd be starting from 0.00000001 BTC with martingale means you'd need a total balance of 85.89934591 BTC to wager. Are you sure you've lost 32 times in a row?

My largest loss streak was from 1 sat to .025 BTC. Hurt as hell to see the loss streak although it was when BTC was under $1k. Martingale is an ensured loss..

[bitcoin31]

The longest streak of losses that I experinced that I remembered is only 10 plus if I estumated in the dice game.

Actually I did not count the losses because I focus in the winning amount of money  not the longest break losses . Im  shocked the others is 20 plus and for sure they lose more money on that day .

[onrise]

I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

Greetings

I'm a small-time gambler and yes I do martingale but I never go fast 10, or if my small funds will still allow me to go on, the longest I have been on a dice losing streak was only 10 it's hard to keep when you are in your bad day, you have no choice but to stop and only play with funds that you can afford to lose.

I know martingale will not work for me as I do not have so much enough that keep doubling and keep adding the money to keep gambling it. Also I do not gamble as such to make money so not worth it. Only for people who want to make money or just play for it may be interested provided they can afford so much money to have with them.

Martingale in the long run needs to have huge amount of funds.  Keep  doubling your stake and with unsure numbers of losing streaks it will burned huge amount of money. I don't have that long losing streak since I don't gamble that much might be 8-10 losing streak if i remember it correctly and after losing everything I stop and forget about doing the same strategy again.

A normal person would not be able to keep doubling the money and keep losing for 8-10 times in a straight go. If one is rationale, they know you can't keep losing money when that money is important for you and unless you are rich and even if lost some couple of thousand or hundred dollars it is not going to make any impact to you. then you can keep playing that way else one should be moving out of it.

[deisik]

Essentially the answer to your OP question is infinite. You can get as many reds/greens as the universe can give on any betting streak regardless of whether it is martingale or not. This is called luck and you cannot use martingale to evade your bad luck. If there was such a method then casinos would have gone bankrupt a long time ago

Casinos don't go bankrupt for two major reasons

And none of these reasons has anything to do with the requirement of an infinite bankroll of the gambler. The first reason is that casinos limit the amount you can win (yeah, regardless of whether it is martingale or not). And the second reason is that only a small (more like tiny) fraction of gamblers are using martingale in a way that could and would ruin a casino in the blink of an eye if there were no restrictions

To keep it simple, just imagine there is only one player with a huge bankroll and a small house edge versus a huge number of small players with tiny bankrolls but still comparable to the first player's if added up. In this case, you could further reduce the showdown to just two players with equal bankrolls, one of which is using martingale against the other to overcome the latter's house edge. Who is going to bust sooner?

[mmassad]

I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

Greetings

OP, if you'd be starting from 0.00000001 BTC with martingale means you'd need a total balance of 85.89934591 BTC to wager. Are you sure you've lost 32 times in a row?

My largest loss streak was from 1 sat to .025 BTC. Hurt as hell to see the loss streak although it was when BTC was under $1k. Martingale is an ensured loss..

Hey, i was in 4% win-chance and it caught me on 316 rolls in a row! I was rolling about 7 days, made from 0.005 to 0.11. On 8º day i got 2 times stopped with the same initial amount.

We cant beat the house, but it doesnt mean that we cant increase our chance to be lucky.

Maybe if you got some dice settings that gives you a balanced double or nothing "strategy", and the loss or win of it is balanced, what about you divide your bankroll into, idk, 10, or even 20 sessions of martingaling the bankroll?

At first look your chances to be successfull are higher than only setting some win chance and martingale increase. I think you have to be a lucky guy and stop about 10% of your bankroll with dice settings that goes in your favor the most, to have some chance to fight the casino as everybody tries.