Betting Experiment #2: Chasing the Draw

[madnessteat]

~snip~

Yes, I am well aware of the consequences of high stakes when using the Martingale strategy. I have bitter experience. Do you plan to further modify the strategy with these improvements and a new experiment?

[1715322166]

1715322166

[1715322166]

1715322166

[1715322166]

1715322166

[Pmalek]

Do you plan to further modify the strategy with these improvements and a new experiment?

My initial plan was to conduct the experiment by increasing the stake 2 times after every loss. But doing a third one just to increase the wager a bit more doesn't seem that useful. I am planning to do some other things soon, but if I can think of another strategy or someone suggests one that I find appealing, I will surely do another experiment.

[paxmao]

~snip~

... Martingale strategy. I have bitter experience. ..

Why do people try again and again something that is perfectly proven by math and by practice that eventually produces and event that will send your balance to zero? That is, I could understand that from a 10 year old - a silly one only - but we all known that everything based on doubling the bet is just nil.

Any experiment involving martingale is doomed to fail.

[Pmalek]

Any experiment involving martingale is doomed to fail.

No, it's not. Both these experiments prove that it's all down to luck. Yes, you can lose your money, but you can do that with any other bet using a specific strategy or just betting randomly. Having said that, I don't think Martingale is a good strategy. It's certainly not bulletproof otherwise it would have been made illegal by the bookies.   

[imutlinda]

If you have enough money, it could work for sure. But you need a good bankroll management and make sure the limits are in your favor. Draws usually are around 3 or 4 with equal teams. Try Russian games.

[Kolson]

Yes, the strategy is quite interesting, but there are drawbacks. First, it is quite possible that you will have to fail for a very long time, and in this case, morale disappears, and you will want to send everything to hell. For such a strategy, you need pockets full of money, which is not a pity to lose, since the amounts can reach up to several thousand, so not everyone can afford it. There is another point. What should people who make BTC sports betting do? As we know, BTC is much more expensive than the dollar, and it will not be possible to increase each loss by one and a half or two times, since it is too expensive. You can say that such people can switch to dollars, but it is more convenient to bet with bitcoins and these people are used to it. In general, I think that we need to refine this strategy.

[Alisha-k]

This is actually an interesting experiment but the problem with gambling still remains no experiment stands the test of time even if it plays out most times the ratio isn't encouraging at all and one might end up loosing huge fortune before ever making a profit from it. This isn't a plan to discourage anyone but to dive into the process with caution

[gadado]

This kind of "experiments" can take some getting used to in the long run. You should not be surprised if there is no draw for a long time in a row. is in principle also a matter of luck and good bankroll management. And don't get on tilt. Maybe laying the draw would give you more chances to win.

[Pmalek]

Yes, the strategy is quite interesting, but there are drawbacks.

Don't hesitate to explain in more details.

This is actually an interesting experiment but the problem with gambling still remains no experiment stands the test of time even if it plays out most times the ratio isn't encouraging at all and one might end up loosing huge fortune before ever making a profit from it. This isn't a plan to discourage anyone but to dive into the process with caution

That's both a positive and negative side of gambling. At any moment in time, you can lose everything, but you can also win. A player needs to be aware of what he is doing and never play with more money than he is ready to lose. It's the oldest advice one can give but still so many fail to respect it.

[yayayo]

There are many people who have successfully tested such strategies. Often they are hit once, and then want to compensate for the loss as quickly as possible, and that's where it all goes wrong. If you lose once, you will have to accept that and not take an increased risk because then things often go wrong and tilt occurs faster than we think. I think that you should play at betting exchanges, since you can use the lay option there. Bookmakers do not offer them.

ya.ya.yo!

[michellee]

Why do people try again and again something that is perfectly proven by math and by practice that eventually produces and event that will send your balance to zero? That is, I could understand that from a 10 year old - a silly one only - but we all known that everything based on doubling the bet is just nil.

Any experiment involving martingale is doomed to fail.

That is normal because people will be curious about what they did, and if they do not see a good result, they will not stop unless they have control to see what happens in gambling. We might think that does not make sense, but that is not what they think. They will try hard with so many strategies until they can feel the winning. But they will hard to win the gambling games, especially if they do not think much about luck.

[Pmalek]

Bump

[KTChampions]

Bump

Thanks for the interesting topic, I'm surprised that with a sufficiently large number of bets, you are in the black, congratulations 
I would like to clarify this: why are you upping a topic if the experiment is over? (or am I wrong and it continues?)

[Pmalek]

I would like to clarify this: why are you upping a topic if the experiment is over? (or am I wrong and it continues?)

The experiment is over but the topic can still be bumped for visibility from time to time. Nothing different from what many other members are doing. Just because it's over it doesn't mean that it needs to be buried and forgotten I think.

[zanezane]

The experiment is over but the topic can still be bumped for visibility from time to time. Nothing different from what many other members are doing. Just because it's over it doesn't mean that it needs to be buried and forgotten I think.

What's the overall result of the experiment? I checked the OP and you didn't do an edit for the final results. Also, I am on your side regarding bumping this because it's pretty useful for other players to try your strategy.

[owengtam09]

It is interesting, maybe some bettors who also uses this kind of experiment will share their testimonies so we can also compile if this is effective in winning to gambling. I've played with no rules and just play what I think is right, no formulation or what and the result is surely lost. LOL. I lose maybe 2 times last week online. Maybe I should also try my luck next time and maybe try some formulation or experiment that is slightly the same as what have you done. Maybe it is also better to share and edit your post of the result of your game using your experiment so we can share this with others.

[KTChampions]

I would like to clarify this: why are you upping a topic if the experiment is over? (or am I wrong and it continues?)

The experiment is over but the topic can still be bumped for visibility from time to time. Nothing different from what many other members are doing. Just because it's over it doesn't mean that it needs to be buried and forgotten I think.

Okay, I understand you. Should I wait for Experiment 3? As I understand it, you made a good profit on Experiment 2, so why not continue these experiments? Considering that now there are two championships of different continents, there will be no shortcomings in the matches.

[Zilon]

Paris Fc, Sochaux and Atlas gave you a convincing profit but how often would this experiment play out. Still wondering why the other experiment failed  but it was a nice try discovering something that could have served as a winning chance if it all worked out well since gambling remains a game of luck no matter the tactics employed to execute the odds. Thanks for sharing

[Pmalek]

What's the overall result of the experiment? I checked the OP and you didn't do an edit for the final results.

All results, odds, and the total loss/profit for each team is posted in the second post (below OP). And at the end of the 2nd post you can see the overall virtual profit that could have been made.

Should I wait for Experiment 3? As I understand it, you made a good profit on Experiment 2, so why not continue these experiments?

Maybe, if I can think of a new strategy to try out. I need to mention one more time that I didn't gamble with real money. I am just using math to calculate the profit or losses if I did.

Still wondering why the other experiment failed...

It failed because once the match eventually ended with a draw, the odds weren't big enough to generate an overall profit. Since I increased the starting bet 1.5 times, the winning odds must be 3.0 or higher for me to stay profitable. That wasn't the case for many matches.

[KTChampions]

Should I wait for Experiment 3? As I understand it, you made a good profit on Experiment 2, so why not continue these experiments?

Maybe, if I can think of a new strategy to try out. I need to mention one more time that I didn't gamble with real money. I am just using math to calculate the profit or losses if I did.

Why not use the old strategy, taking into account the fact that it has shown its profitability? It would be more interesting to test it on a larger number of bets and on other teams. At least you are not risking anything (if you play with the money you won). I understand that this is a kind of Martingale and there is a risk of losing everything ... but there is always a risk.