Martingale strategy in casinos

[seleme]

Any strategy in gambling cannot be justified even though it is a martingale strategy that really requires a large bankroll and sometimes gamblers who have large bankrolls will still lose with the martingale strategy.
It's all because the casino knows how to win and any strategy we use will be useless unless we are lucky.
So there is truth in what you say that the best choice to win is to gamble for fun.

Yes, even with larger bankrolls, that's not going to guarantee that they'll leave the casino happily. It's more of an emotional battle and no one knows if that's going to be a good sign for them to stay because they've been winning. But the thought of having a large pool of funds and bankrolls will make them stay confident that they'll not go out of the casino sad but instead, with some huge money from their winnings. And if it is with this strategy, take all of those people that have said that it didn't work for them because it didn't.

Maybe once in 100 tries Martingale strategy works but mostly it fails. Trying over and over but getting same loss streaks aka busting all balance at the end means something is wrong that has been explained on this thread. Leaving casino happy means strategy by gambler has worked somehow no matter it was Martingale or different money management method. Regardless of bankroll, player can't keep doubling each loss bet, it is recipe for failure, IMHO.

The lucky ones will win few attempts. I personally have tried martingale strategy several times and I've experienced massive losses out of it. In particular I've lost more than 10 consecutive rolls several times. This is our unlucky day. If we've used some other money management maybe we could've won something, if not atleast we could've avoided rhe loss. Casino always have got the edge, if not everyone will somehow manage the bankroll and make the gambling platform go bankrupt. We should have the common understanding, gambling is fun and we should take it in the same way than complicating it.

10 consecutive losses on what multi?
 I have seen ss of the dice 2x multi and it hits b2b 32 times, this is an insane loss streak, and a lucky player has decided to stop chasing that 2x after 10 loss streak and figured out how much the loss streak is on zero bet size. Gambling companies know why gambler lose their balance in the long run and there are reasons behind why they usually apply shady marketing promises so users don't go away. Sad but true, no one has been able to beat the casino house edge in the long run no matter what strategy they have done.

[wiss19]

Chasing losses and martingale sounds the same to me, you are chasing your previous losses until nothing is left, and the house edge comes in at unexpected times, the highest amount I've spent in a martingale was $300 and but that amount was not safe even in the lowest bet because streak could go over 20, I stopped using it, it's just not worth it.
better do selective martingale or random it's more exciting and surprising using these two methods, but don't expect to win just have fun.

But chasing losses when you're betting with a same amount is impossible because if you calculate it, you will lose due to the house edge. In martingale strategy, you have calculate if you will not lose since you win you will recover all of your previous losses, but in the reality the result isn't same like the expectation.

That's why it has been mentioned if someone want to gamble using martingale strategy, they must need an unlimited money.

Well, though it's something that no one should really apply in their gambling since it can be deadly for their bankroll, as you said, if someone has a bankroll that is too high and all they want is to earn a couple of hundred dollars, they can start playing with a very small amount, like $10, and then start doubling the bet for every lost bet, considering they have a pretty large bankroll, let's say about $100k, they can manage to win some money at the end if they don't get greedy.

The problem occurs when we get greedy and don't stop when the strategy works a few times, and we just keep playing and doing the same thing only to get more and more and that is when the house edge does its magic.

[Pierre 2]

Martingale strategy is like trying to jump on water if you keep losing on losing until your finds are long gone. Not like I am denying its functionality. I would be very worried to follow that method with very limited funds. I sometimes feel like betting all your money at once on one game can be even better than martingale. You win all or you lose all. When you are doing martingale you ask for multiple losses which decreases your chance even further hahah. So risky.

[carlfebz2]

Chasing losses and martingale sounds the same to me, you are chasing your previous losses until nothing is left, and the house edge comes in at unexpected times, the highest amount I've spent in a martingale was $300 and but that amount was not safe even in the lowest bet because streak could go over 20, I stopped using it, it's just not worth it.
better do selective martingale or random it's more exciting and surprising using these two methods, but don't expect to win just have fun.

But chasing losses when you're betting with a same amount is impossible because if you calculate it, you will lose due to the house edge. In martingale strategy, you have calculate if you will not lose since you win you will recover all of your previous losses, but in the reality the result isn't same like the expectation.

That's why it has been mentioned if someone want to gamble using martingale strategy, they must need an unlimited money.

Well, though it's something that no one should really apply in their gambling since it can be deadly for their bankroll, as you said, if someone has a bankroll that is too high and all they want is to earn a couple of hundred dollars, they can start playing with a very small amount, like $10, and then start doubling the bet for every lost bet, considering they have a pretty large bankroll, let's say about $100k, they can manage to win some money at the end if they don't get greedy.

The problem occurs when we get greedy and don't stop when the strategy works a few times, and we just keep playing and doing the same thing only to get more and more and that is when the house edge does its magic.

Martingale is an strategy that would really be blowing up your account in shortest time as possible, no matter how minimal or small the base bet would be, there's no way on stopping that consecutive losses that you would really be able to experience. Casinos arent that dumb anymore about this strategy. I have been testing out for how many times and how many places about this martingale stuff but it turns out that i do really make out some bankroll wipe out which is something that really not shocking anymore. It may seem that it is impossible for it to have that long streak but you would believe it out
once you would be experiencing it for yourself.

This is why its really important that you shouldnt really be making yourself that in automation or leaving it out afk'ed because once you do came back then its most likely it had wiped out your bankroll.
Even when you are playing on point then there's no way on stopping those consecutive losses which is something that would likely to happen. If you do like on making your gambling session to be more
in longer duration then it would really be just that right that you should be making some bets manually on each roll. Dont take up some strategies which do fasten up the situation.
If you dont mind about the risks then its up to your own choice because there are people who are fond on making use of martingale.

[fullhdpixel]

It's true that there is a risk with the martingale strategy that can lead to very big losses. Especially when starting with large initial bet amounts like 2,000 USD for example. If we can't cover a losing streak of 4-5 losses in a row then we used our strategy wrong. There are always winning and losing streaks in gambling and it's important to account for them in our strategies. The main advantage of the martingale strategy is that one single win will cover all our previous losses. You either like or hate strategy, there isn't much in between. People who like fixed strategies that tell us exactly how much to bet and when will be more in favour for martingale, than people who prefer to be more flexible with their bets. It's important to understand to understand all the risks before and not fall in the believe that martingale is a save way to make guaranteed profits.

With or without strategies, gambling will always be risky but martingale can sometimes add an excitement to my game so I use it after playing several flat bets. It removes the boredom from playing with repetitive bets you know.

It's okay to start big amounts in martingale as long as the settings is lowered. If not, then you may need to adjust your bets. Losing streaks are often if we play in a low chance win games but the return for them is a big. I prefer this than the other. If you hate applying strategy in your game, then you better not force yourself only because you want to earn a profit because like I said earlier the results will still be the same.

[tiCeR]

You could theoretically describe the Martingale strategy as an abstract time function for an event to occur on average within a time series.

Usually when you play a dice game you would count the number of rolls that it takes until you should fail on average. But the number of rolls are sometimes not as comprehensible as time is. When you play an automated dice game and you have like three rolls per second, that would give you 180 rolls a minute and 10,800 rolls an hour. So how long would it take if you play a coin flip game for head to occur 10 times in a row?

0.5^10 = 0,000976563 > this is about 1/10,000th, which is roughly equal to 10,800. In this game you could let it run for about an hour on average until you get a streak of the same symbol showing up 10 times in a row.

This is interesting because many people think that if they only choose their bankroll high enough, it should be impossible to face a situation where, let's say head comes up 20 times in a row. But it is just a question of time. If you only let it run long enough, at some point a streak of 20 X in a row will happen. The variance can still be huge and it might take much shorter or longer than the average, but eventually it will happen.

In my opinion time gives someone a better impression than the number of rolls.

[babygun]

Martingale strategy is like trying to jump on water if you keep losing on losing until your finds are long gone. Not like I am denying its functionality. I would be very worried to follow that method with very limited funds. I sometimes feel like betting all your money at once on one game can be even better than martingale. You win all or you lose all. When you are doing martingale you ask for multiple losses which decreases your chance even further hahah. So risky.

Martingale is the still the most well known gambling strategy as it is pretty easy to understand also. I went to a buddy to a "real" casino last weekend and he was planning to start with martingale on roulette after we hit 2 black numbers. I talked him out of it but he was convinced that he would always make money. In the long end, that is true but you will need an unlimited bankroll. I tried martingale in the past before and already experienced 2 bad losses because of it, so I try to avoid it.

[Yaunfitda]

This is interesting because many people think that if they only choose their bankroll high enough, it should be impossible to face a situation where, let's say head comes up 20 times in a row. But it is just a question of time. If you only let it run long enough, at some point a streak of 20 X in a row will happen. The variance can still be huge and it might take much shorter or longer than the average, but eventually it will happen.

In my opinion time gives someone a better impression than the number of rolls.

Of course time could be a factor here, but we also have to think that the longer the runs, you might lose your edge as well. Bankroll is just one part of the equation, you also have to be very lucky to have that like hitting 20x in a row and then grow your capital suddenly.

That's why might be really hard to execute this strategy, everything might be perfect for you to really win with martingale. And if you ever successively win, then it's better to get out and take that money. As you might not have that luck to replicate that win or yours.

[rodskee]

Martingale strategy is like trying to jump on water if you keep losing on losing until your finds are long gone. Not like I am denying its functionality. I would be very worried to follow that method with very limited funds. I sometimes feel like betting all your money at once on one game can be even better than martingale. You win all or you lose all. When you are doing martingale you ask for multiple losses which decreases your chance even further hahah. So risky.

Martingale is the still the most well known gambling strategy as it is pretty easy to understand also. I went to a buddy to a "real" casino last weekend and he was planning to start with martingale on roulette after we hit 2 black numbers. I talked him out of it but he was convinced that he would always make money. In the long end, that is true but you will need an unlimited bankroll. I tried martingale in the past before and already experienced 2 bad losses because of it, so I try to avoid it.

that only means one thing that your Buddy has a lots of funds inside His pocket to carry
Martingale strategy because if not then he will always go home with tears.
I have seen many of my friends experiment in this but ending always a loser because of their small Bankroll.
this game for me is only for rich or big time gambler
and not applicable to everyone of us.

[bittraffic]

Martingale strategy is like trying to jump on water if you keep losing on losing until your finds are long gone. Not like I am denying its functionality. I would be very worried to follow that method with very limited funds. I sometimes feel like betting all your money at once on one game can be even better than martingale. You win all or you lose all. When you are doing martingale you ask for multiple losses which decreases your chance even further hahah. So risky.

Martingale is the still the most well known gambling strategy as it is pretty easy to understand also. I went to a buddy to a "real" casino last weekend and he was planning to start with martingale on roulette after we hit 2 black numbers. I talked him out of it but he was convinced that he would always make money. In the long end, that is true but you will need an unlimited bankroll. I tried martingale in the past before and already experienced 2 bad losses because of it, so I try to avoid it.

that only means one thing that your Buddy has a lots of funds inside His pocket to carry
Martingale strategy because if not then he will always go home with tears.
I have seen many of my friends experiment in this but ending always a loser because of their small Bankroll.
this game for me is only for rich or big time gambler
and not applicable to everyone of us.

I tried doing it with just the very minimum bet of $0.10 on dice using the martingale with a capital of $200. I did make progress until I run out of patience because it was taking so much time. I raise it to $0.25 and that's when I started having the losing streaks.

The casino looks like watching my activity and then losing it all. It could be that I'm too paranoid about it but yep never get a chance to withdraw until I lost it all. Even the casinos you think are rich enough are unforgiving. If you try to win, they will make you lose.

[Fredomago]

Martingale strategy is like trying to jump on water if you keep losing on losing until your finds are long gone. Not like I am denying its functionality. I would be very worried to follow that method with very limited funds. I sometimes feel like betting all your money at once on one game can be even better than martingale. You win all or you lose all. When you are doing martingale you ask for multiple losses which decreases your chance even further hahah. So risky.

Martingale is the still the most well known gambling strategy as it is pretty easy to understand also. I went to a buddy to a "real" casino last weekend and he was planning to start with martingale on roulette after we hit 2 black numbers. I talked him out of it but he was convinced that he would always make money. In the long end, that is true but you will need an unlimited bankroll. I tried martingale in the past before and already experienced 2 bad losses because of it, so I try to avoid it.

If there's always a luck maybe yes but knowing the nature of the business, luck is not always there may be once and if you are good in controlling your gambling habits and you manage to quit after doubling your bet then it's a good way or strategy to use, but then again, it's easy to say as we think we always have unlimited luck when it hits us hard.

We will continue to chase for more and eventually we will realize that there's an incoming losing streak that will suck everything out together with our actual capital.

End of the day, without good control instead of winning, you will quit your session without anything inside your pocket.

[QueenVera]

having unlimited money to use the martingale strategy would not be fun. because there is no purpose whatsoever when having unlimited money even if the gambler loses how many millions of dollars it doesn't matter because he still has an unlimited amount.
meanwhile, as we have limited money and use strategies to recover losses or gain profits, it is like the thrill of gambling and can feel that it is more fun to gamble with limited money than having unlimited money but not being able to enjoy every betting session.

But in the martingale strategy, having large amounts of money is a must because it is very influential for success in playing.
But also not all gamblers who have large amounts of money will use this strategy because it is very risky to lose more money.
The strategy is indeed good enough to bring in a chance of victory but if luck is not on your side then no one can chase victory.
In gambling strategy is still a number because the most important thing is luck and caution in betting.

In other words, you're saying that martingale strategy in gambling only has to do with luck and if one doesn't have any luck,no matter the amount of money one has, one shouldn't engage in martingale strategy right?
Now if this is right with what I think, then I don't see any reason to engage in this strategy  because I think the risk is far more than the rewards and I don't see reason to invest in a risk business as this, that the risk will be far more than the rewards.

[Negotiation]

The martingale method is mathematical and greedy, so be careful when you adopt the strategy. You should always remember that no player has unlimited resources to gamble with. Online roulette embraces the strategy that every time you double your losses, drills an ever-increasing hole in your pocket, and lasts for a long time before a win comes, it can be deadly. can Hence it is better to stay away from taking risks the player will continuously double his bet with every win but he is guaranteed to lose.

[livingfree]

You should always remember that no player has unlimited resources to gamble with.

And we're no celebrities that has got millions on bankroll and they don't even attempt to do this strategy. Or if they do, they can afford to do it as they've got a lot of money.

But then, it all goes with how much we've got even if someone who's careful has got millions ready to be gambled. It's still unsure if this is gonna be the strategy that he'll do.

Well, if you want to lose quickly, this is the way.

[piebeyb]

Martingale strategy is like trying to jump on water if you keep losing on losing until your finds are long gone. Not like I am denying its functionality. I would be very worried to follow that method with very limited funds. I sometimes feel like betting all your money at once on one game can be even better than martingale. You win all or you lose all. When you are doing martingale you ask for multiple losses which decreases your chance even further hahah. So risky.

Indeed it is very risky but this martingale strategy is a strategy that maybe many beginners can do, after all this strategy is very reasonable to beat casino games which may be fair, but still it requires large capital because we can run out of money when we experience 30 consecutive losses, I I've used this and continue to apply this when playing but never win the game and the dealer will always win as usual and I'll lose the game.

There is no strategy that is easy to understand and easy to use other than this martingale, without the need to be taught I think beginners will quickly understand this strategy, but again I also remind you never to try it with minimal capital because it will eat up your money quickly without remaining a bit.

[uneng]

You should always remember that no player has unlimited resources to gamble with.

And we're no celebrities that has got millions on bankroll and they don't even attempt to do this strategy. Or if they do, they can afford to do it as they've got a lot of money.

But then, it all goes with how much we've got even if someone who's careful has got millions ready to be gambled. It's still unsure if this is gonna be the strategy that he'll do.

Well, if you want to lose quickly, this is the way.

Even if they did, casinos don't allow unlimited bet sizes. A gambler with an unlimited bankroll would hit the roof at some point. Some casinos state maximum profit per bet is 20BTC. If you had to go further to recover a loss through Martingale strategy, you couldn't due to the limitation imposed by the house. So ironically you would be still in disadvantage on long run, even with an infinite bankroll. Crazy, isn't it?

[Silberman]

Martingale strategy is like trying to jump on water if you keep losing on losing until your finds are long gone. Not like I am denying its functionality. I would be very worried to follow that method with very limited funds. I sometimes feel like betting all your money at once on one game can be even better than martingale. You win all or you lose all. When you are doing martingale you ask for multiple losses which decreases your chance even further hahah. So risky.

Indeed it is very risky but this martingale strategy is a strategy that maybe many beginners can do, after all this strategy is very reasonable to beat casino games which may be fair, but still it requires large capital because we can run out of money when we experience 30 consecutive losses, I I've used this and continue to apply this when playing but never win the game and the dealer will always win as usual and I'll lose the game.

There is no strategy that is easy to understand and easy to use other than this martingale, without the need to be taught I think beginners will quickly understand this strategy, but again I also remind you never to try it with minimal capital because it will eat up your money quickly without remaining a bit.

This is what makes martingale such a difficult strategy to disprove, as almost anyone can come up with it before they read about it on the internet, I know because long ago on my gambling newbie days the same happened to me, I never used it but I was able to create a martingale strategy on my own, however after a short investigation I realized it was impossible to win with it so I never used it, but many newbies instead think they have found a clever way to beat the casinos, and only their sustained losses will prove to them this is not the case.

[BitcoinAccepted]

A lot of things have already been transcribed and said here. But in the end the conclusion is that it won't work, but it can work. That has to do with the limits. But if you are very objective it is also crazy, you would only lose 7 times in a row with an initial bet of $ 1, for example. I think you have to bet 1+2+4++8+16+32+64, $64 to win only $1. That is actually not normal. I understand that it is unlikely that you will lose 6 or 7 times in a row, but sooner or later that is something that will happen. You have to be prepared for that. There are also casinos that have a table limit of 500 for example. then you would already get stuck with a lost bet at 256, since you can no longer bet 512. With a balance of 1 million and unlimited table limits you could go a long way, but I don't think a millionaire is going to play with 1$ at a time? 

[Quidat]

Martingale strategy is like trying to jump on water if you keep losing on losing until your finds are long gone. Not like I am denying its functionality. I would be very worried to follow that method with very limited funds. I sometimes feel like betting all your money at once on one game can be even better than martingale. You win all or you lose all. When you are doing martingale you ask for multiple losses which decreases your chance even further hahah. So risky.

Indeed it is very risky but this martingale strategy is a strategy that maybe many beginners can do, after all this strategy is very reasonable to beat casino games which may be fair, but still it requires large capital because we can run out of money when we experience 30 consecutive losses, I I've used this and continue to apply this when playing but never win the game and the dealer will always win as usual and I'll lose the game.

There is no strategy that is easy to understand and easy to use other than this martingale, without the need to be taught I think beginners will quickly understand this strategy, but again I also remind you never to try it with minimal capital because it will eat up your money quickly without remaining a bit.

This is what makes martingale such a difficult strategy to disprove, as almost anyone can come up with it before they read about it on the internet, I know because long ago on my gambling newbie days the same happened to me, I never used it but I was able to create a martingale strategy on my own, however after a short investigation I realized it was impossible to win with it so I never used it, but many newbies instead think they have found a clever way to beat the casinos, and only their sustained losses will prove to them this is not the case.

On the time that you do have mold up that kind of idea in mind that you could be able to beat up casinos then this is where you would really be making yourself be putting into some trouble or potential
huge loss. Why? you would really be that desperate on having this kind of mindset that you could beat up the house on making use of these known strategies without even trying out to realize
on whats the real thing?. You would be finding it sooner or later on whats the reality of these things and it wont be something simple as it looks.

Yes, this is really that very common wayback and even up to now. There are even sites who do have some automated bets and you could choose up some settings and martingale is included to it.
Never ever make yourself that believe that you could really be having an assurance to make profits with martingale. The key on where is that you shouldnt really be running off that bot
or automation on longer periods because this is where it do usually bust up. Just be mindful on getting out when you are already that gaining and dont make
yourself that too greedy.

[Slow death]

Chasing losses and martingale sounds the same to me, you are chasing your previous losses until nothing is left, and the house edge comes in at unexpected times, the highest amount I've spent in a martingale was $300 and but that amount was not safe even in the lowest bet because streak could go over 20, I stopped using it, it's just not worth it.
better do selective martingale or random it's more exciting and surprising using these two methods, but don't expect to win just have fun.

But chasing losses when you're betting with a same amount is impossible because if you calculate it, you will lose due to the house edge. In martingale strategy, you have calculate if you will not lose since you win you will recover all of your previous losses, but in the reality the result isn't same like the expectation.

That's why it has been mentioned if someone want to gamble using martingale strategy, they must need an unlimited money.

Well, though it's something that no one should really apply in their gambling since it can be deadly for their bankroll, as you said, if someone has a bankroll that is too high and all they want is to earn a couple of hundred dollars, they can start playing with a very small amount, like $10, and then start doubling the bet for every lost bet, considering they have a pretty large bankroll, let's say about $100k, they can manage to win some money at the end if they don't get greedy.

The problem occurs when we get greedy and don't stop when the strategy works a few times, and we just keep playing and doing the same thing only to get more and more and that is when the house edge does its magic.

even if the person is not a greedy person, let's imagine that this person hits 10 times and makes a profit, will this person give up playing and never play again? if that person decides to stop playing then he will make a profit, since he made a profit and stopped playing. but if that person keeps playing then even if today he makes a profit in the end there will be a loss because the house always wins. this is the problem that many people do not understand, it is impossible to make a profit while the person continues to play, it only makes a profit if the person makes money and stops playing, and when I talk about stopping playing I mean the person never playing again

years ago there were many videos on the internet, they were videos of strategies to win a lot in the dice and other casino games, in the video the guys showed how easy it was to earn money with a bot and Martingale, some even said that it was just having a lot of balance and putting it in automatically that the person would earn a lot, but it was all a lie, the objective of those people who made those videos was to gain followers and likes, because with youtube they earned real money and they knew very well that you do not earn money with games of chance, that is the hard truth, there is no winning strategy for games of chance, those who enter games of chance should expect losses and look at games as fun

unfortunately there are few people who deep down realize that you shouldn't expect any profit from gambling, many people are wrong and even say: "I see gambling as fun" but they're just saying that so that other people don't criticize them , at the end of the day they are playing with the clear objective of making a profit and they leave with losses but even so they continue with hope that they will make a profit