robelneo (OP)
Legendary
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Activity: 3388
Merit: 1225
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December 06, 2023, 04:21:34 PM |
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While strolling in a park I bumped into an old friend with whom I had a conversation about online gambling we had a long conversation some three weeks ago, actually the original topic was about Bitcoin but for some reason I mentioned online gambling using Bitcoin, and that what opened about a lengthy conversation about online gambling using Cryptocurrency. I didn't know that he signed up for one popular casino that I mentioned he started to play there and had huge success using one of the oldest but ineffective methods which is Martingale, I was just surprised that he had a successful run using a variation of martingale on Dice even mentioning of doubling or tripling his bankroll. He is about to deposit a huge amount of money next week because the holiday is very near and he just wants to explore his so-called new-found method, which is not new to us. We all know Martingale will not work in the long run, should I let him find out himself but that will incur a heavy loss in this case. Or should I discourage him by showing him videos, articles, and testimonials? Because of this, I will not talk about online gambling to newbie I could put a guy in big trouble.
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Oshosondy
Legendary
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Activity: 1596
Merit: 1183
Gamble responsibly
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December 06, 2023, 04:28:47 PM |
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Just let him know when to stop and he should not go for lower than 3 odds for martingale to work.
If I earn $200 weekly for example, I can use 5% to gamble at once and not think about the losses. I can use martingale for casino game with 3 odds.
Like this: The first time I gamble I can use 2x If I win or lose, I will continue to gamble
Anytime I lose, I increase it to $3 If I win, I will continue to gamble with $3. If I will the second time, I will stop gambling for the day.
If I lost the second, I will gamble with $5. If I win, I stop gambling for that week. If I lose, I stop gambling.
What I do not like about martingale is that it will only make you gamble for just short period of time like less than 10 minutes. To prolong it, he can just continue to use $0.5 to have fun.
Let him know how martingale can be very dangerous.
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Wapfika
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December 06, 2023, 04:34:49 PM |
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We all know Martingale will not work in the long run, should I let him find out himself but that will incur a heavy loss in this case. Or should I discourage him by showing him videos, articles, and testimonials? Because of this, I will not talk about online gambling to newbie I could put a guy in big trouble. It’s too late already for this guy to be stopped since he already experienced the taste of success on his first try. Martingale is really dangerous but sometimes it works on giving successful run on gambling. I’m not sure how you can convince him anymore to stop gambling even using other testimonials about how dangerous it is because he already has the successful thoughts on his mind. Maybe your best chance is to convince him to just lower his bankroll because there’s no way to completely stop him. Only the experience of losing will gonna teach them the danger of gambling.
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mvdheuvel1983
Sr. Member
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Activity: 1176
Merit: 386
Vave.com - Crypto Casino
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December 06, 2023, 04:39:44 PM |
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We all know Martingale will not work in the long run, should I let him find out himself but that will incur a heavy loss in this case. Or should I discourage him by showing him videos, articles, and testimonials? Let him find out for himself. Trying to discourage him or talk him out of his plan will strengthen his resolve to want to go further. The irony here is that if it should work out for him the first time, he will do it again and again until he faces a huge loss but if he losses the first time, he'll hang his head in shame and agree that you were right. If you know the say he intends to execute his plan, be there with him and don't say a word. Maybe your presence will play a small role in discouraging him from overdoing it.
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robelneo (OP)
Legendary
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Activity: 3388
Merit: 1225
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December 06, 2023, 04:44:00 PM |
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We all know Martingale will not work in the long run, should I let him find out himself but that will incur a heavy loss in this case. Or should I discourage him by showing him videos, articles, and testimonials? Because of this, I will not talk about online gambling to newbie I could put a guy in big trouble. It’s too late already for this guy to be stopped since he already experienced the taste of success on his first try. Martingale is really dangerous but sometimes it works on giving successful run on gambling. I’m not sure how you can convince him anymore to stop gambling even using other testimonials about how dangerous it is because he already has the successful thoughts on his mind. Maybe your best chance is to convince him to just lower his bankroll because there’s no way to completely stop him. Only the experience of losing will gonna teach them the danger of gambling. You're absolutely right, as much as I don't want to do this, I guess I have no option but to be like Caezar, washing my hands for whatever happens to him I will just proceed and give him a warning about the risk of that method and too much gambling and I let him decide for himself he is old enough to decide for himself, sometimes beginner's luck in gambling is a curse because it will heighten your motivation to play more.
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Slow death
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Leading Crypto Sports Betting & Casino Platform
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December 06, 2023, 04:46:46 PM |
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I think you should do research and take all links to stories of martigale's failures in gambling, you should also show him links to data that prove that gambling is not something to get rich, show your friend that no matter how much If he has managed to achieve some successes so far, this does not mean that the successes will be eternal, you can even tell him to continue putting in little money so that he can see for himself that at the end of the day he will lose everything. He probably won't listen to you, that's something to be expected. So why, even if you predict that he won't listen to you, do you have to show him these links?
The answer is simple: so that when he loses everything, he doesn't blame you for not stopping him, he doesn't accuse you of just standing by and watching him fall into disgrace. and also because you will sleep without remorse and without feeling guilty. you warned him and he didn't listen, when you think that way you will feel light and free from guilt. People don't listen until they fall into disgrace, after regret comes and they start listening and think about changing. Unfortunately, many times they have already fallen into a hole so deep that they cannot get out of it anytime soon. just try your best to warn him of this danger and pray that he listens to you, that's all you can do for him
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Yatsan
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December 06, 2023, 05:17:10 PM |
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Allow him to find it or to see it for himself. This is gambling; martingale might not be working to many people in the long run but there's no guarantee that it also won't on his case. Give him the benefit of the doubt, what if he actually won most of the time with such strategy? Then telling him will make it more negative. Atleast if it won't work well on his case, he'd be the one to realize and learn from it. Allow things to happen. Although I get the point that OP is just concerned of his friend but no one can really determine the future. It won't even be proposed in this industry without any validation from other player and we are just all shooting our shots or playing our chances. I'd be happy if his strategy would work well in the long run.
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_act_
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Lightning network is good with small amount of BTC
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December 06, 2023, 05:34:31 PM |
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You're absolutely right, as much as I don't want to do this, I guess I have no option but to be like Caezar, washing my hands for whatever happens to him I will just proceed and give him a warning about the risk of that method and too much gambling and I let him decide for himself he is old enough to decide for himself, sometimes beginner's luck in gambling is a curse because it will heighten your motivation to play more.
Allow him to find it or to see it for himself.
Why? He is a friend and they can also discuss about it. Friends learn from friends. I do not see anything bad for him to tell his friend before it will be too late. Even if his friend will make profit from it, he should just let him knows that martingale strategy can be dangerous, he should still tell his friend and let them discussion on it. Martingale strategy can be very profitable, but so can the loss be.
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alani123
Legendary
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December 06, 2023, 05:41:08 PM |
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Some people are convinced by emotion, so telling them that the plan is doomed to fail and will ruin them might help. So ask them what they will do if they lose it all. Otherwise, what the hell, if they think they can handle the losses. Let them. Their own money, their own issue.
I have had this conversation with many people, explaining to them how illogical it is for there to exist a perfect system that always wins in gambling, how casinos would not exist. But some just don't want to listen. I never had to go to the extremes of telling them that they will be in financial ruin, but if it was for somebody I really appreciated I would make the sacrifice.
Sadly, telling the truth sometimes can have consequences to you, the message bearer, as well..
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Findingnemo
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December 06, 2023, 05:44:21 PM |
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We all know Martingale will not work in the long run, should I let him find out himself but that will incur a heavy loss in this case. Or should I discourage him by showing him videos, articles, and testimonials? Because of this, I will not talk about online gambling to newbie I could put a guy in big trouble. I would not say stop him from what he is about to do but it would be perfect if you gave more insight about it and of course, explaining about the martingale's success is not much will help him to realize that strategy is nothing but a faster way to bust our bankroll. And importantly, I would talk about the money he wants to deposit, I will insist him not deposit any money that he considers he can't afford to lose and if he is taking the risk then he also has to face the consequences of it.
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ChiBitCTy
Legendary
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Merit: 3286
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December 06, 2023, 05:54:21 PM |
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Let me share a bit of what I've learned being a financial advisor for close to 20 years now. Probably like 75% of people on earth are immune to good advice. People get it stuck in their heads that they are right, despite what so many others (with far more experience are telling them). Take bitconnect for example. I tried to help so many to see the light that earning 1% a day was not even remotely possible, yet these people whom mostly had never dreamed of making money so easily get so wrapped up in the thought of financial freedom they ignore all warning signs..or simply don't do much research.
So likely nothing you can say could convince them otherwise. I hate to be this way, but people of lower intelligence are the ones who often think this way. A lot more difficult to reason with someone of a lower IQ than one that's higher..typically.
Best of luck though.
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Obari
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December 06, 2023, 05:58:10 PM |
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Please I’m pleading that you self a brother as well as safe yourself from guilt and since you did the introduction, I would advise that you safe this fellow and let him take a break since his was already fortunate enough to make some huge winnings and he shouldn’t let his greed play tricks on him and so the right thing to do is to take it upon yourself to make sure he doesn’t gamble that money because at some point you might be blamed by your friend.
@op I’m pleading that you should keep what so ever beliefs you have and try attending to your friend because you’re just about watching your fiend ruin his life and I’m sure you already know you’ll be one of the persons he’ll rely on to help him keep his life togther and I’m sure you wouldn’t want to carry such load not in this current global recession.
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cabron
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December 06, 2023, 06:06:18 PM |
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I did try to convince one since he was up for blackjack martingale. The man begins to believe he has the luck and he has $5k to blow. I told him it only needs a few losing streaks but if you lose 3 to 5 times you go back to the first unit. This will break the successive losing streak and maybe luck will be on your side again.
Yup I have no patience in convincing someone not to try his martingale adventure as if he discovered it first. We already know it works when it works until it doesn't. But maybe a little tweak for him may work.
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madnessteat
Legendary
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Activity: 2394
Merit: 2222
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December 06, 2023, 06:09:28 PM |
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~snip~
If I were you, I would not trust the words of the first person I meet unless he shows proof. We all know that the Martingale strategy does not work and one day will lead a gambler to a major loss. If you are really confident in this person and want him to save his money of course you should warn him about the high risks of gambling on the Martingale strategy. Just open his eyes to the fact that each subsequent round is in no way related to the previous one.
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Zoomic
Sr. Member
Offline
Activity: 588
Merit: 269
For campaign? Hire Hhampuz.
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December 06, 2023, 06:17:45 PM |
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While strolling in a park I bumped into an old friend with whom I had a conversation about online gambling we had a long conversation some three weeks ago, actually the original topic was about Bitcoin but for some reason I mentioned online gambling using Bitcoin, and that what opened about a lengthy conversation about online gambling using Cryptocurrency. I didn't know that he signed up for one popular casino that I mentioned he started to play there and had huge success using one of the oldest but ineffective methods which is Martingale, I was just surprised that he had a successful run using a variation of martingale on Dice even mentioning of doubling or tripling his bankroll. He is about to deposit a huge amount of money next week because the holiday is very near and he just wants to explore his so-called new-found method, which is not new to us. We all know Martingale will not work in the long run, should I let him find out himself but that will incur a heavy loss in this case. Or should I discourage him by showing him videos, articles, and testimonials? Because of this, I will not talk about online gambling to newbie I could put a guy in big trouble. The martingale method is not always effective, there are high risks of making huge losses if the outcome of two of his gambling results are not equal. And he will keep funding his game until he arrives at a profit. This is not always nice. Since your friend has tasted the sweetness of winning using the martingale strategy already, it will be quite difficult convincing him that he is on the wrong path and this is something to be worried about because he might get himself into a financial mess. He is your friend, talk to him about the disadvantages of the martingale strategy. It is better you talk to him about it than watch him face the outcome of his gamble. It is now left for him to go on with his new strategy or lay low, at least you wouldn't be feeling guilty if he eventually loses. He is an adult and should take full responsibility for all his decisions and actions.
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Nwada001
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December 06, 2023, 06:18:20 PM |
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We all know Martingale will not work in the long run, should I let him find out himself but that will incur a heavy loss in this case. Or should I discourage him by showing him videos, articles, and testimonials? This is a really tight situation, as you are left with no better options. You might also be considering what the outcome of the discussion will be with him, what he will see it like, and whether he will not think that you don't want his success, and by so doing, you are trying to talk him out of making more money over the weekend. Then again, you could also be thinking, On the other hand, if you keep quiet and say nothing and he proceeds with his decision and makes the deposit and loses all that money to gambling, will you be happy with yourself knowing about it and you did nothing to change his mindset? The best thing to do is do whatever you can to tell him the risk ahead, even if it takes you to show him videos or online articles. Anything you know might look more convincing; just try as you can. If he doesn't want to listen, you can let go of whatever outcome of the weekend gambling comes for him; it's no longer your business; you have cleared your own mind. To me, that's what matters.
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MAAManda
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December 06, 2023, 06:27:10 PM |
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We all know Martingale will not work in the long run, should I let him find out himself but that will incur a heavy loss in this case. Or should I discourage him by showing him videos, articles, and testimonials? Someone will only believe what they believe, if so far he has been successful in gambling using the Martingale method, whatever you do for him, such as sharing testimonials, articles or whatever, it will not have any effect on him. He will continue to do what he wants to do. IMO, the only thing you can do now is leave it alone until he understands that his method is a bad method in the long run.
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rhomelmabini
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December 06, 2023, 06:30:14 PM |
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We all know Martingale will not work in the long run, should I let him find out himself but that will incur a heavy loss in this case. Or should I discourage him by showing him videos, articles, and testimonials? Because of this, I will not talk about online gambling to newbie I could put a guy in big trouble. I think you can work either way but if you still bump with him then tell him the latter approach. The latter may seem difficult but I think it's worth it if you'll pay attention on the details on how to be a good gambler. Martingale is by far one of the risky strategies out there but if luck is on your side you'd likely made some fortunes.
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carlfebz2
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December 06, 2023, 06:46:01 PM |
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While strolling in a park I bumped into an old friend with whom I had a conversation about online gambling we had a long conversation some three weeks ago, actually the original topic was about Bitcoin but for some reason I mentioned online gambling using Bitcoin, and that what opened about a lengthy conversation about online gambling using Cryptocurrency. I didn't know that he signed up for one popular casino that I mentioned he started to play there and had huge success using one of the oldest but ineffective methods which is Martingale, I was just surprised that he had a successful run using a variation of martingale on Dice even mentioning of doubling or tripling his bankroll. He is about to deposit a huge amount of money next week because the holiday is very near and he just wants to explore his so-called new-found method, which is not new to us. We all know Martingale will not work in the long run, should I let him find out himself but that will incur a heavy loss in this case. Or should I discourage him by showing him videos, articles, and testimonials? Because of this, I will not talk about online gambling to newbie I could put a guy in big trouble. Well, it did just turn out that your friend was lucky on making use of martingale on which we know that it cant really be that profitable in longer runs. It is really just that he had been get used to be lucky on the time that he made out some gambling on this particular moment on which it is really just that a right call that he made out such gambling session.So the question if you would really be telling him the truth? It would really be just better that you should let him be on the things that he would really be tending to do because it would really just that make him realize on the time that he would be experiencing some losses. We do know that there's no such thing about being holy grail when it comes to gambling on which there would really be coming into a point on which you would be thinking that it does exist until that reality would really be slapping hard into your face and make you realize that this doesnt exist in the first place. People do really need to face up the reality so that they would really be able to learn on what are the things that realistically happens and not living in world on which they do believe that it could sustain for long.
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DaNNy001
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December 06, 2023, 07:05:03 PM |
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We all know Martingale will not work in the long run, should I let him find out himself but that will incur a heavy loss in this case. Or should I discourage him by showing him videos, articles, and testimonials? Because of this, I will not talk about online gambling to newbie I could put a guy in big trouble. Well am not surprised at all, as this is the first stage or should I say effect of rush win in gambling, many gambler has gone through this phase before because the excitement of wins in gambling will overshadow your thinking and make you so lose focus on what you tend doing next because at that moment, all what would be playing is how to effectively achieve the same feat on a constant basis which is definitely impossible. Aslo this phase is when the gambler actually takes no advice because of the wins he had already experience so thinking of advising won't be of any use at all as all his taught is to replicate the exact same scenario that got him that same missing funds.
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