Gambling is for big bag holders

[dataispower]

Do not use martingale strat in gambling. It is doomed to fail, trust me. Been there. You never know how long your losing streak will be and each loss will double your stakes the next bid. It is a very high risk, very low reward gambling strategy. Even if you start at 1 dollar, in just 10 loss streak you'll be hundreds of dollars in losses. It is hard to recover from that.

My advice, just do a minimum bet and enjoy the game. There is no sure win strategy but you will not feel a loser even if you are losing if you are enjoying the game.

The Martingale strategy does have a high risk, because it expects every possibility to get a big profit in one win. But if you don't have capital resilience, there will be a lot of losses.
It's better to gamble with a minimum bet and enjoy the game, don't indulge your lust to keep winning and winning, because defeat will continue to overshadow.

gambling can be played with a precaution because it is something of profit and loss so if someone indulge in gambling even though it is cryptocurrency gambling or casino gambling or any kinds of gambling the person have to move the particularly meat of amount that is supposed to be deposited so that if the gambling all the prediction on the game goes wrong in the sense that that we all chorus of Lost it will not really affect the gambler. So for this aspects gambling is to be advised to be played with a spare money so that when the lost come it will not affect you that much

[gabbie2010]

I think we all often use the martingale technique when playing and I've experienced a loss that drained the contents of the savings I collected in one year just to play one game, any strategy if a player can't control himself will end up losing. no matter how much capital he has in the end the bookie wins. this is a fact. I'm not the only one who has lost a lot, I think everyone here who likes gambling has almost the same experience.

I applied the same strategy and also ended up losing my savings which I regret until now. Yes, most of us have the same experience especially when we're overwhelmed and we are not able to control our emotions. Too much excitement and adrenaline rush when playing sometimes leads us to wrong decision of betting too much.

To make matter worse the OP martingaled with huge amount of fund in a dice game that is 50:50 where is no guarantee of three wining streaks, gambling with the  amount the OP can afford to lose would have protected that account and avoid rekting the fund, the aim of earning big swiftly after some heavy loses prompted the OP to gamble with such a big amount of fund which is a very bad idea, of course that is inability to control emotions and fear while gambling causes a lot of havoc that lead to bankruptcy.

[kamvreto]

Do not use martingale strat in gambling. It is doomed to fail, trust me. Been there. You never know how long your losing streak will be and each loss will double your stakes the next bid. It is a very high risk, very low reward gambling strategy. Even if you start at 1 dollar, in just 10 loss streak you'll be hundreds of dollars in losses. It is hard to recover from that.

My advice, just do a minimum bet and enjoy the game. There is no sure win strategy but you will not feel a loser even if you are losing if you are enjoying the game.

The Martingale strategy does have a high risk, because it expects every possibility to get a big profit in one win. But if you don't have capital resilience, there will be a lot of losses.
It's better to gamble with a minimum bet and enjoy the game, don't indulge your lust to keep winning and winning, because defeat will continue to overshadow.

This is could be use for short term playing if the gambler want to hit big wins but we know how risky to do this strategy especially if you bet one time huge amount of money. That's why if you can't afford to do this then don't try to look forward on this because somehow this could lead to massive losses. Maybe better to enjoy this strategy by prolonging your game because this is somehow fun because you will be watchful counting those possible losing and winning streaks.

Rather than having to take a big risk, it is better to use another strategy, because the name of gambling cannot be predicted, successive losses will run out of capital. It is better to enjoy gambling with a strategy that extends the game even though the profits are small but more consistent.

~snip~  So for this aspects gambling is to be advised to be played with a spare money so that when the lost come it will not affect you that much

Good advice if gambling uses spare money, but if the spare money runs out usually those who are addicted will usually take the savings they have or other money. Gambling also needs to be managed so as not to go bankrupt.

[passwordnow]

There is the big advantage for those that have bigger bankrolls and they can go as much as they can without having that fear of losing them money. Well, if they lose and since they seemed prepared for it and has a lot of money, they'll go back anytime they want.
But for the small gamblers and like having a loss today is already big, it's harder for them to go back and even the recovery process is much harder.

What I noticed also, is if you have enough bankroll, you can also recover your losses in time.
However, you should know what games you need to play not to lose a lot.
If you have small bankroll, upon losing, would be hard to recover unless, you will deposit more.
So if you want to keep your losses small, just play what you think you can afford to lose, without having the thought of recovering it.

You should have an idea of what games you play because even if you have a big bankroll and you're just taking chances and guesses with your plays, you're adding to the chance of losing all of your bankrolls.
It's why if you gamble with your set bankroll and amount that you're okay to lose, that should be no problem to you.

[yazher]

Does the history show from below to above? it seems like you were just playing a little amount of money and decided to give some try to raise your bet a little bit until you lose yourself. In my honest opinion, this is also happening to me right now because I am currently playing a gotcha MMORPG game and it has some cryptocurrency features by the way. I am addicted to pulling rare items which I didn't notice I used some important money that I'm not supposed to be using. Being carried away is really hard to control especially when you have all the means to buy or bet again. right now I realized no matter how much I spend, I will not gonna become the strongest player on our server and accept the reality that it is best to remain weak like the others while at the same time enjoying the game, not making it my whole life. In your case bro, Just remember you won't get rich in a blink on an eye, you need to refrain and stop yourself whenever things doesn't go your way.

[BITCOIN4X]

Martingale once again a failed strategy when you don't have big bag of money.

Once again I find people are starting to realize that the martingale strategy is actually not going to work forever even if we have a bag of money. LOL

I no longer have high hopes for that strategy because I actually had too much luck with it. The Martingale is just for fun so you shouldn't use it to win anything big because you're bound to fail when that losing streak happens. After all, we shouldn't gamble too greedily especially if you are playing on luck based games like dice. It was so disappointing, I won't be repeating it again.

[BitcoinPanther]

Martingale per se as a strategy is a working one if you have unlimited bankroll and casinos didn't put in place betting limits,because if you keep betting on red on roulette it is a sure thing that 1 in 100 rolls will be red thus making double of your initial amount.

Unfortunately though,there are betting limits in place from all the casinos,as all of them now do this and thus making this strategy void/null.Some guys from what I have heard have applied successfully this one by being really patient,betting on the last team of England League 1 or League 2,which the odds were always more than 2 and in like 30 games or so they are going to win a couple of them,thus making it a good one for making money,sport betting has a much higher betting limit so it can somewhat work here,but you have to be patient,extremely patient.Personally though I would not suggest you do it even in sport betting.

Yeah, this limit sucks.  This makes martingale an obviously failed strategy since a series of red streak is uncapped and even if we have a limitless fund, is nullified by bet limit.  So martingale system is ineffective in the long run.  So this eliminates the fallacy of Gambling being for big bag holders only.

[ScamViruS]

It is normal to lose money and win money in gambling. But those who see gambling as a way to make money and thinking of doubling the fund overnight, they face big problems. Because after losing a bet, they become more aggressive and take bets of bigger funds. Resulting in the loss of all funds at once. Before you think about using any kind of strategy to succeed in gambling. The most important thing is to control your emotions. I think if you had more money you would lose that money too.

[BITCOIN4X]

It is normal to lose money and win money in gambling. But those who see gambling as a way to make money and thinking of doubling the fund overnight, they face big problems. Because after losing a bet, they become more aggressive and take bets of bigger funds. Resulting in the loss of all funds at once. Before you think about using any kind of strategy to succeed in gambling. The most important thing is to control your emotions. I think if you had more money you would lose that money too.

Of course, but the OP seems to have only tried the martingale strategy but failed in the end. No strategy can really produce consistent profits and in fact they should be aware of that. The cash case will not be of much value to a greedy person as it will only run out in a few minutes if there is no control.

I agree with your opinion, gamblers should have good control even though they actually have a strategy. About the OP, I'm very sorry to hear that he has spent all his crypto reserves trying out the martingale strategy.

[Finestream]

If I had more funds I wouldn't have encountered this big loss.

The gambler's fallacy. It influenced your thinking to believe that it is because you didn't have big cash that's why you couldn't win when in fact that is not the case. Good thing you didn't have more cash left because you would have may have lost the next game if you had used it. Just as @Maus0728 already said gambling dice has consistently shown that the house wins in the long term. Is this your first time playing Dice?

Gamblers who have big bag holders do not guarantee that they could create more wins than losses. If the game is certainly driven by luck, no matter how good your strategy is, the house will always have its advantage. And playing dice is just another game that the chances for severe and quick losses is high so you would not make an edge here. Even if you bring tons of money, there is always a possibility that you could end up losing them all, as using martingale will only attract much losses than gains. You may have believed in it wrongly.

[coolcoinz]

Do not use martingale strat in gambling. It is doomed to fail, trust me. Been there. You never know how long your losing streak will be and each loss will double your stakes the next bid. It is a very high risk, very low reward gambling strategy. Even if you start at 1 dollar, in just 10 loss streak you'll be hundreds of dollars in losses. It is hard to recover from that.

My advice, just do a minimum bet and enjoy the game. There is no sure win strategy but you will not feel a loser even if you are losing if you are enjoying the game.

With enough money on your account and low starting bet you can make martingale work. The problem with this strategy is that every time you're risking hundreds, even thousands of USD, just to get even on a bet of less than 1 dollar. When all dust comes down, you'll be back to 0, but it required you to bet 10k USD and have that amount on your casino's account. Even if you keep martingaling for a whole day with 50k in the bank, you'll end up leaving with $100 more. So you were risking 500 times more! Usually people who bet $10 on dice or sports risk $10. You're making the risk lower by betting more. It

[johhnyUA]

Martingale once again a failed strategy when you don't have big bag of money.

I'll tell again and again: Martingale works only if you have endless resources. By the term "endless" I mean really "ENDLESS", even more than few trillions of dollars  Only in this case Martingale will work for sure. Or, you can decrease your bet, that it would tends to zero.

As we know from math lim resources (bet) _{(bet > 0 )} > endless
But in real life this doesn't have too much sense.

So just don't use Martingale 

[CryptopreneurBrainboss]

For a gambler that had less amount of money, they will want to use small capital to win big profits which is mostly difficult.

Yes it's difficult but not impossible and that's what attract people to gambling as they believe they can be lucky and win it big with few dollars invested. We can see people using as low as $0.3 to earn $1k+ in my locality with sport betting. Although the chances of winning are slim but we have had verified stories of people winning.

Basically with gambling, it doesn't matter how much you have as even though you have huge money they can be lost with just few careless bets. What matters is the luck factor generally excluding those games that needs a little bit of knowledge of the game to be able to win.

[serjent05]

Martingale once again a failed strategy when you don't have big bag of money.

I'll tell again and again: Martingale works only if you have endless resources. By the term "endless" I mean really "ENDLESS", even more than few trillions of dollars  Only in this case Martingale will work for sure. Or, you can decrease your bet, that it would tends to zero.

As we know from math lim resources (bet) _{(bet > 0 )} > endless
But in real life this doesn't have too much sense.

So just don't use Martingale 

That is applicable if the Casino has no bet limit  .  Even with unlimited resources, if the Casino implements a bet limit, the Martingale method is automatically doomed.  The reason for that is, the bet limit forbid a player to bet beyond a certain amount, and with the martingale strategy with a scenario of long series of a red streak, the bet will hit the cap which unable it to recover the lost amount with 1 win.

[Johnyz]

It is normal to lose money and win money in gambling. But those who see gambling as a way to make money and thinking of doubling the fund overnight, they face big problems. Because after losing a bet, they become more aggressive and take bets of bigger funds. Resulting in the loss of all funds at once. Before you think about using any kind of strategy to succeed in gambling. The most important thing is to control your emotions. I think if you had more money you would lose that money too.

This is the best thing that you can do regardless of your financial status, gambling doesn’t choose because you can still be a victim even if you have lesser capital and if you want to have more fun in gambling, better not to focus on the money and just have fun every time you play. Gambling is not a good source of income, there’s no guarantee that you can get this so better not to treat gambling this way, and gamble with your free money only.

[johhnyUA]

That is applicable if the Casino has no bet limit  .  Even with unlimited resources, if the Casino implements a bet limit, the Martingale method is automatically doomed.  The reason for that is, the bet limit forbid a player to bet beyond a certain amount, and with the martingale strategy with a scenario of long series of a red streak, the bet will hit the cap which unable it to recover the lost amount with 1 win.

No. You're wrong.
As i said above the main problem with your balance amount. It must be endless to fulfill matingale probability. Otherwise you at risk to lose everything and not to achieve victory (winning outcome). Because Martingale doesn't promise that winning bet will be after 10-100-1000 bets. It can be after 1 000 000 bets. So you need endless resources.

[bitgov]

That is applicable if the Casino has no bet limit  .  Even with unlimited resources, if the Casino implements a bet limit, the Martingale method is automatically doomed.  The reason for that is, the bet limit forbid a player to bet beyond a certain amount, and with the martingale strategy with a scenario of long series of a red streak, the bet will hit the cap which unable it to recover the lost amount with 1 win.

No. You're wrong.
As i said above the main problem with your balance amount. It must be endless to fulfill matingale probability. Otherwise you at risk to lose everything and not to achieve victory (winning outcome). Because Martingale doesn't promise that winning bet will be after 10-100-1000 bets. It can be after 1 000 000 bets. So you need endless resources.

I think gambling is for those who have lust for money and luck side them . . . I am not sure if all the gamblers are happy and satisfied with their money.
However people want to have money - whatever the way is they hardly care. But life, fun entertainment and of course the gambling is for big bags. Poor are to worry about their paychecks and bank accounts.

[goinmerry]

Even if you start at 1 dollar, in just 10 loss streak you'll be hundreds of dollars in losses. It is hard to recover from that.

Agree with you. Even starting at $0.5 too will still have the same result. A 10 consecutive losing streak is always possible and I've been there many times same as you. And even someone will put an effort at a $0.1 starting bet,  the longer they played with that amount, there's a feeling of being in a rush and they will soon start between 0.5 to $1 to feel the profits quickly and the rest is now history as we already know what will happen.

Martingale is just a form of betting but can't consider a profit-making strategy. Enjoy the method but learned to take profit in between.

[ScamViruS]

It is normal to lose money and win money in gambling. But those who see gambling as a way to make money and thinking of doubling the fund overnight, they face big problems. Because after losing a bet, they become more aggressive and take bets of bigger funds. Resulting in the loss of all funds at once. Before you think about using any kind of strategy to succeed in gambling. The most important thing is to control your emotions. I think if you had more money you would lose that money too.

This is the best thing that you can do regardless of your financial status, gambling doesn’t choose because you can still be a victim even if you have lesser capital and if you want to have more fun in gambling, better not to focus on the money and just have fun every time you play. Gambling is not a good source of income, there’s no guarantee that you can get this so better not to treat gambling this way, and gamble with your free money only.

Gambling is a great way to have fun, if one takes gambling as entertainment and uses free money. Those who take gambling as a source of income eventually lose their money because they fail to control emotions. There are many gamblers I have met who have lost their funds by dreaming of making huge income by using different strategies in gambling. So the best decision would be to take gambling as a game and enjoy it.

[Silberman]

Gambling is a great way to have fun, if one takes gambling as entertainment and uses free money. Those who take gambling as a source of income eventually lose their money because they fail to control emotions. There are many gamblers I have met who have lost their funds by dreaming of making huge income by using different strategies in gambling. So the best decision would be to take gambling as a game and enjoy it.

Those people are making a huge mistake by thinking like that, it is true there is a small amount of people which in fact become professional gamblers but their numbers are so small they are insignificant, most people lose their money when they gamble but as long as they have the idea of gambling just for fun then their losses will always be within a limit that is acceptable to them, the problem are those which live under the delusion they can make profits with gambling as this means they will lose a lot of money before they realize how mistaken they were.