Gambling is for big bag holders

[harizen]

True that but often times martingale strategy doesn't wait for luck to shine.  It often makes a player's bankroll busted.

OP thinks that starting at a small base bet, thru martingale, will bring the most chance of winning for big bag holders. That double the base bet for every loss will still kill even the whales' bankroll and OP didn't realize that so he tried it. In a dice game, 10x consecutive losses are always possible and OP didn't think about it.

Furthermore, why does OP risk his last remaining dollars on something that there's no assurance he will win. What kind of approach is that. Regrets really happened in gambling and OP has no choice but to move on.

If he wants to come back, it's his choice. But I do hope he is now responsible this time.

[livingfree]

Well, someone who has bigger funds really has the advantage and the edge but that doesn't guarantee you win. Because even if you win today and you still got a lot, that will make you confident that you don't have enough.
And that will result for you to gamble more until you won't notice that you've got nothing left and you've spent most of your money. In gambling, it's not just about the funds but also the mindset you have as a gambler.

If the bankroll can overcome the series of losses then martingale would be the best method to get profit in gambling.  But the thing is, the amount needed to bet in every loss doubles in order to compensate for the losses and regain the amount plus winnings.  So the longer the losing streak the higher the needed fund to complete the next bet.  .

You do that and prove that it's the best method.

Even if I've got a big bankroll, I won't do this strategy. It's too risky and uncertain although by understanding the strategy, you'll be enticed and encouraged to do it but not for me.

And I have never seen anyone defeated the game with martingale strategy.

Then why you say that it's the best method when you're equipped with money? Because even you are, you're aware that you might lose big.

[AmoreJaz]

True that but often times martingale strategy doesn't wait for luck to shine.  It often makes a player's bankroll busted.

OP thinks that starting at a small base bet, thru martingale, will bring the most chance of winning for big bag holders. That double the base bet for every loss will still kill even the whales' bankroll and OP didn't realize that so he tried it. In a dice game, 10x consecutive losses are always possible and OP didn't think about it.

Furthermore, why does OP risk his last remaining dollars on something that there's no assurance he will win. What kind of approach is that. Regrets really happened in gambling and OP has no choice but to move on.

If he wants to come back, it's his choice. But I do hope he is now responsible this time.

he learned his lesson well here. it is indeed possible to have 10x straight losses in dice. and besides, this is luck based game, even martingale technique won't be a good reason why you will push your bankroll to the limits. i know, the outcome is sad but maybe next time, he won't do the same strategy. if he needs his dollars, better allot it first to his priorities, rather than taking high risk playing luck-based game.

[agustina2]

I think OP was furious because he didn't have a chance to enjoy his bankroll.  He got busted before he knows it.

He knows that idea of doing a martingale and yet with a small bankroll, he still insists to do it.

Then, later on, he will say that gambling is for big holders. Wrong thinking.

His mistake leads him to the wrong idea about gambling. Lesson learned for OP and I hope the same mistake won't happen again in the future.

[Theones]

I think OP was furious because he didn't have a chance to enjoy his bankroll.  He got busted before he knows it.

He knows that idea of doing a martingale and yet with a small bankroll, he still insists to do it.

Then, later on, he will say that gambling is for big holders. Wrong thinking.

His mistake leads him to the wrong idea about gambling. Lesson learned for OP and I hope the same mistake won't happen again in the future.

I believe gambling is for lucky people and so is most of the other businesses and work
only the lucky one wins. If you are luck go for gambling if not - don't waste time, energy and money.

[nullama]

Gambling games are designed to give an advantage to the house.

That means that in the long term, independent of how much or how little you gamble, you're going to lose it all.

If you have more money to gamble, you might be able to gamble a bit more, but in the end, the math tells you that you're going to lose it all if you continue gambling.

There's no way around it really.

The only way to make money gambling is to get lucky and then stop, forever.

[Text]

~snip
The only way to make money gambling is to get lucky and then stop, forever.

It is not easy to do that because we know that somehow it is part of our lives.  I managed to get lucky in gambling but I still manage to come back.  We can win the gamble and quit but we will never forget to go back to it.  There is nothing wrong with gambling as long as it is legal in your area and as long as you do not become addicted.  So gambling is not just for those with big money because anyone can hope to win.  It all depends on luck.

[TopT3ns]

I think OP was furious because he didn't have a chance to enjoy his bankroll.  He got busted before he knows it.

He knows that idea of doing a martingale and yet with a small bankroll, he still insists to do it.

Then, later on, he will say that gambling is for big holders. Wrong thinking.

His mistake leads him to the wrong idea about gambling. Lesson learned for OP and I hope the same mistake won't happen again in the future.

I believe gambling is for lucky people and so is most of the other businesses and work
only the lucky one wins. If you are luck go for gambling if not - don't waste time, energy and money.

I think everyone doesn't have the same luck because some people sometimes accidentally get the jackpot, so I think that gambling places are for free people as long as they understand how to use the gambling place and of course have to understand that not always gambling places can make money because sometimes gambling places can spend your money instantly when you make a wrong prediction.

[bitzizzix]

maybe big bag holders to prove to themselves that they are not only rich but also lucky, all gamblers believe in luck and that is gambler's best friend. Luck makes them bet on higher stakes and there is no limit to bet.
Gambling is there for everyone and everyone will lose, and some will get lucky. But the truth is the house always wins.

[gunhell16]

In the world of crypto gambling, you should know from the beginning what you are getting into, whether you have big money or a small amount make sure to yourself that you are ready to accept that you will lose in the end even if in the beginning it is often you win. Because if what you have in mind is that you can get into crypto gambling here to make instant money, I think that's the wrong mindset of a gambler according to my own point of view here.

If ever anyone is a bag holders in the gambling platform, that means you are also prone to loss your big capital wager
in the games as well. And the house edge of the game platform is happy to see that to every players especially if greediness
is already in the behavior of the gamblers.

[Apocollapse]

maybe big bag holders to prove to themselves that they are not only rich but also lucky, all gamblers believe in luck and that is gambler's best friend. Luck makes them bet on higher stakes and there is no limit to bet.
Gambling is there for everyone and everyone will lose, and some will get lucky. But the truth is the house always wins.

Actually if you're small gamblers, you can still gamble without any limit to bet if you bet on the minimum amount. If you play on dice, then you can bet with just 1 satoshi, if you're only have 0.001 BTC, you can bet at least 100000x considering if you always lose. But I believe not all your bets will lose lol, of course you will gamble more than that, this mean you're similar like gambling without any limit.

[Smartprofit]

Yes that's right.  The martingale strategy only makes sense if you have a large supply of money (or better yet, an unlimited supply of funds). 

However, in practice this is not possible.  The successful application of the martingale strategy is described in one of Boris Akunin's novels about the adventures of the private detective Fandorin.  One of the main characters, a cold-blooded killer, constantly used this game system in Swiss casinos and always won. 

But this literary hero had incredible endurance and composure.  He was very rich and had an unlimited supply of money to bet on.

[Yamifoud]

Yes that's right.  The martingale strategy only makes sense if you have a large supply of money (or better yet, an unlimited supply of funds). 

No one has unlimited supply, so this strategy will not work if you really want to win all the time.
gambling sites are also aware of this, so they will be limiting the gamblers to avoid being abused using the method.

However, in practice this is not possible.  The successful application of the martingale strategy is described in one of Boris Akunin's novels about the adventures of the private detective Fandorin.  One of the main characters, a cold-blooded killer, constantly used this game system in Swiss casinos and always won. 

But this literary hero had incredible endurance and composure.  He was very rich and had an unlimited supply of money to bet on.

Maybe choose a game that has no house edge, or a little house edge, but make sure you gamble using your skills, otherwise if you based on luck alone, it will not sustain.

[romero121]

Whether it is martingale strategy or something else, if you're lucky then the day is yours. If not, even if you've got big bag of money you'll lose in gambling. This is the reality, because a gambler with big funds will go for a high roll whereas OP have played with a maximum of $100+

Whale gamblers will start with $1000+ and for them a big bag won't be enough if the luck is not on their side. A strategy based games will bring win occasionally and we should not rely on it everytime.

[mindrust]

After this experience I believe gambling is for the big bag holders, if you're in urge of making a win. Very much disappointed, because it is the last few dollars I had as a cryptocurrency holding. If I had more funds I wouldn't have encountered this big loss. Martingale once again a failed strategy when you don't have big bag of money.

Big bag, small bag... it don't really matter because your bags are probably not bigger than the casino's bags. Even if they are, the casino is protecting itself against the players with the limitations like house edge, maximum bet amount etc. These precautions are in place to make sure of that the player cannot win in the long run.

Think about it, you are gambling. You are wagering your money. You want to win. But the casino also wants to win. They want to win your money. One of you is going to lose money and it ain't be the casino.

[Reid]

Its because you are also trying to win a big bag that's why you thought it's only for big bag holders.
That kind of game plan does need a large amount of capital to say it's a successful one. With a low percentage given by the house for you to hit a "win" in dice you will need like 50 times more bets. At what amount to bet will that be at that instance? Maybe tens of thousands of dollars.
I will look for other strategies if you cannot reach that amount because you are using luck basis if you think you will hit it in 10 bets.

[Fivestar4everMVP]

After this experience I believe gambling is for the big bag holders, if you're in urge of making a win. Very much disappointed, because it is the last few dollars I had as a cryptocurrency holding. If I had more funds I wouldn't have encountered this big loss. Martingale once again a failed strategy when you don't have big bag of money.

I believe alot of people have said this here, But i still wanna add that.. and to also correct your assumption which i bolded, Martingale strategy is also not for the big bag of money holders too, this is strategy that no longer works, it doesn't matter whether you hold all the money in the world, you will end up loosing it all if you play or gamble using this strategy, so please avoid it.

And also to comment on the subject which states that gambling is for big bag holders, I think this is not true, but the truth is that big bag holders definitely have a higher chance of winning the big bucks, while those playing with little amount of money might have to depend more on luck to win some tangible amount of money.

[swogerino]

Whether it is martingale strategy or something else, if you're lucky then the day is yours. If not, even if you've got big bag of money you'll lose in gambling. This is the reality, because a gambler with big funds will go for a high roll whereas OP have played with a maximum of $100+

Whale gamblers will start with $1000+ and for them a big bag won't be enough if the luck is not on their side. A strategy based games will bring win occasionally and we should not rely on it everytime.

This depends if the whale for example goes and plays Texas Holdem poker where a huge amount of skill is relevant compared to playing slot machines where there is no skill at all involved except hitting the spin button.If the whale starts with a big bankroll in the poker game where skill is prevalent then his chances are higher with a big bag,because for example he can play like 5 tournaments with 200 USD entry if he has a 1000 USD bankroll to spend on that day,some other guy with 200 USD as bankroll would only be able to play just 1 tournament,of course 5 chances are better to 1 for winning money.

[hahay]

This strategy or martingale will not always win but indeed, sometimes it will give good profits. But if we use it in a careless way then it is very possible that we will lose, there will always be a moment where the player has to stop and continue and the case like in the photo is that you continue, it seems. I've personally used this method several times and I've experienced both consecutive wins and losing streaks, but over time I left this method because it would be very difficult to control my emotions. So, basically gambling can be played by anyone as long as they have the awareness to control, not only about a lot of money because each player will always start with a different capital.

[Boristhecat]

Its because you are also trying to win a big bag that's why you thought it's only for big bag holders.
That kind of game plan does need a large amount of capital to say it's a successful one. With a low percentage given by the house for you to hit a "win" in dice you will need like 50 times more bets. At what amount to bet will that be at that instance? Maybe tens of thousands of dollars.
I will look for other strategies if you cannot reach that amount because you are using luck basis if you think you will hit it in 10 bets.

If you start at 40 cents like the OP did, and then double down on a loss, a 10-loss streak will result in a $409.6 bet (and you're only claiming 40 cents). A streak of 15 losses will result in a bet of $13,107. That's a lot of money considering we have to risk it to win the initial 40 cents. Therefore, casinos love those who play Martingale - as a result, everything ends with a big loss and all the money remains in the casino.