Martingale strategy is a failure if you are consistent with it

[AmoreJaz]

Casino games are not controlled by anyone, it's the way it works the probability of winning gives edge to the house let's say succession of rolling a dice is 1/6 which means house has probability of winning 5/6.

Martingale strategy has been proven more often that it does bad than good to anyone who tries whether it's short or long term and I bet people can't even think of it for very long time cause it doesn't take a small losing streak to wipe your entire casino balance.

And most gamblers will say, if only they had more bankroll to continue their game. But that's not it, even if you had, you will surely lose it all because you won't stop playing even if you already hit some good winnings. The usual tendency of the gambler is to push thru his luck up until he wiped out all his bankroll. Because as you level up and so your amount of bet is getting higher, and the chance of losing it all is also very higher.

[Sandra_hakeem]

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10.  From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money.

Martingale as a strategy has been working for ages now, but as we all know, it has its pros and cons; it's basically about increasing your stakes upon the number of tickets for every round until you're able to secure a win... The beautiful thing about it is that you stand a chance of bagging a huge win afterwards. It's a general knowledge that whatever has an advantage must definitely have a disadvantage; on that note, you're also open to loses that may drain you in no time, just like what happened to you... So it's safe to say that the strategy isn't meant for the poor.

It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

There's no way you won't lose money in gambling.. infact, the more you try to not lose much, as long as you're in play, you're certainly losing everything... You just need a little more time.

[Hispo]

I thought it had already been established in with this gambling community that while gambling, using martingale as some kind of "strategy" to try to seek for money at dices or casinos is rather a faster way to lose ones money.
Besides, since martingale needs the gambler to continuously to increase the wager to make up for the loss, it is easy to come to the conclusion this is a way of gambling which won't be easily adopted by the average gambler out there in the wild. This is rather a way for the rich to experiment new ways to gamble and see if they can land on profit, not a "guaranteed" way for anyone to make a quick buck off the casino.
It has been very few occasions I have witnessed someone here posting positive experiences with them using martingale, actually 

[bering]

I thought people have already to leave this strategy because for the current online casinos martingale is very useless however talking about martingale this strategy can be considered as old school strategy because before online casinos very famous just like now people have been using this strategy usually for card game such as blackjack or roulette but we all know using martingale method can only make your money run out faster when gambling

Few years ago i have seen some people talking about to using this strategy to playing dice and some of them even share their own method which they says it can guarantee will be successfull and gets profit but after losing several times using martingale then eventually those people have been realized their mistakes because it's impossible to always win with using one strategy only to playing gambling 

[Viscore]

I thought people have already to leave this strategy because for the current online casinos martingale is very useless however talking about martingale this strategy can be considered as old school strategy because before online casinos very famous just like now people have been using this strategy usually for card game such as blackjack or roulette but we all know using martingale method can only make your money run out faster when gambling

Sports are different from casino games, so maybe this Martingale strategy might work. We can't compare it to casino games and conclude; maybe we should try to make an experiment ourselves to see if it's really effective. I haven't been fully implementing this Martingale strategy in managing my bankroll, but I do something similar with a limit. I might Martingale for three games, and if I lose, I go back to the base amount. Sometimes it works, sometimes it fails, but it's not really a bad strategy if you aren't greedy.

[o48o]

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10.  From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25. It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

Nope its not actually a failure but rather it depends on the person who's using it since if they have a attitude where this people became so greedy when getting good profits on one of their gambling activities done then provably this will really result to a failure since greedy individuals are usually goes broke because they don't have something to follow and they lack of discipline so result is really bad for them.

But if they have discipline and know how they could able to deal on certain condition and knows how to use well this method then provably they can earn especially if they know for theirselves on when to stop. Increase the size of our bets is not bad action or decisions but one thing we need to consider is we know how to deal with certain consequence since if we brought up some good attitude and be realistic on our approach then profits might be possible for us to gain by using this strategy.

This is a false claim. It's not even about consistency and it doesn't work even in theory. You might as well be unlucky and lose with the first try no matter how rich you are. It's not even about being greedy, unless you count everyone losing their gambling budget as too greedy. Why aren't the people who win a lot greedy then?

It's part of the gambler's fallacy and mathematically proven not to work, so i don't understand why people fight math on this.

If you want to read more about why stopping early (not being greedy) doesn't work, here's some quick reading : https://en.wikipedia.org/wiki/Optional_stopping_theorem
In short:

optional stopping theorem says that, on average, nothing can be gained by stopping play based on the information obtainable so far (i.e., without looking into the future

I'll try to simplify why in layman's terms:

In theory martingale only works with unlimited money, but people who say it works even in theory seem to disregard that there's no such thing as unlimited money.
And no matter if you have a networth of Elon or not, you have a change of losing. And more money you have, more you have change to lose. And even if that world richest man started with 10 cent bets, yes, they would have high change to make more pocket money, but eventually, or right away they would risk more and why that would be even worth it? Especially when they get more money pretty much guaranteed by other ways on investing it.

[GxSTxV]

I have been playing with a strategy for a while now without knowing its actual name, for me mostly I’m focusing on the Dice game with better chances. I completely forgot the Black/Red option in roulette at first, thinking it might be a better choice until I realized that the 0 number is in Green, meaning it's not a 50% chance of winning the bet. The house edge is actually worse than the dice game I used to play on Freebitco.in.

From my experience, I have learned how risky this strategy can be in a very painful way after draining my balance. You start with just $1 per bet and double it every time you lose, which quickly raises the bet amount in a very short time. I have faced many losses because the actual chances of winning are not 50% and even if they were better chances probably the risk is still high for this strategy.

I'm curious if there's a dice game or any game without a house edge and with a 50% chance of winning. It could be more enjoyable and offer better odds compared to roulette with its lower chances of winning.

[stompix]

This is rather a way for the rich to experiment new ways to gamble and see if they can land on profit, not a "guaranteed" way for anyone to make a quick buck off the casino.

Not even "the rich" can do anything with this strategy, casinos aren't dumb enough to let even that 1% of chance get away from them so they re limiting the bet you can place on a roll, you hit that limit and now you can't double anymore, so even if you're going to win you're still going to lose 50% of your previous bets.
So you're not just competing with pure math, you're doing so on worse terms!

I'm curious if there's a dice game or any game without a house edge and with a 50% chance of winning. I

Free games with no money?
If any casino would offer no house edge and simply 50/50 they would be making so little money while the player would be staying there for hours rolling a few dozen $!

[tread93]

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10.  From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25. It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

I like seeing those modest bets play out. You’re not being greedy you’re just in it for the fun and that’s honestly when it’s most enjoyable. Good on ya m8 way to show these laddys and ladies how it’s done! I hope you keep winning and I hope we all keep winning, just remember you miss 100% of the shots you don’t take!!

[_act_]

Not even "the rich" can do anything with this strategy, casinos aren't dumb enough to let even that 1% of chance get away from them so they re limiting the bet you can place on a roll, you hit that limit and now you can't double anymore, so even if you're going to win you're still going to lose 50% of your previous bets.
So you're not just competing with pure math, you're doing so on worse terms!

Do you mean there would be a time when you have enough money to increase your betting amount while using martingale strategy but the casino will not let you increase the bet? I can remember as I have noticed this on a casino before. You know the time to place money in new round is short which is not more than 15 seconds while on roulette do not let me know what actually happens. Also that I have known martingale strategy to be a way to lose huge amount of money because there are times that someone can go 7 rounds and lose consecutively.

[stompix]

!

Do you mean there would be a time when you have enough money to increase your betting amount while using martingale strategy but the casino will not let you increase the bet?

Of course , plenty of casinos have quite low limits exactly because of these kind of strategies, some restrict those to $1000 so even if you start rolling with $1 which would be a waste of time anyhow it only takes 10 spins and you're already losing money.

As usual it would be both weird and amazing for casinos to know about this, to be a winning strategy which means they lose money and at the same time for a century to not devise a tactic to nullify them.

[danherbias07]

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10.  From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25. It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

I like seeing those modest bets play out. You’re not being greedy you’re just in it for the fun and that’s honestly when it’s most enjoyable. Good on ya m8 way to show these laddys and ladies how it’s done! I hope you keep winning and I hope we all keep winning, just remember you miss 100% of the shots you don’t take!!

Did he?
I think the martingale strategy is for the greedy people and it's best for those who have deep pockets only. He made mistakes, honestly. In a martingale strategy, once you win you never go back, that's the case for me. You seek another strategy once you have the funds and it's difficult to find a new one.
I've tried it and all I can say is it is not fun when you are losing and there will be a part of you that will say you made a big mistake. Crash is the game I played at that time of testing it and upon watching my balance go down I also saw others doing the same thing having the same result as mine. There's not perfect, accurate, and precise strategy for gambling, all we can do is rely with the system giving us the good results.

[Hispo]

This is rather a way for the rich to experiment new ways to gamble and see if they can land on profit, not a "guaranteed" way for anyone to make a quick buck off the casino.

Not even "the rich" can do anything with this strategy, casinos aren't dumb enough to let even that 1% of chance get away from them so they re limiting the bet you can place on a roll, you hit that limit and now you can't double anymore, so even if you're going to win you're still going to lose 50% of your previous bets.
So you're not just competing with pure math, you're doing so on worse terms!

Well, I admit that was something I was not aware of, and don't blame me, I am not a high roller in any way, shape or form...
I have also read that alledgedly casino use other strategies for gamblers not to be able to use Martingale as a successful mathematical strategy to get profits from their sessions. Someone in this forum mentioned it was possible casinos were using three different random number generators at the same time to generate three different numbers for the same outcome of a dice roll, after generated, one of those three is randomly selected to be displayed as the result. I am not a mathematician, but it would seem to be a clever way to break martingale as an strategy, as it is modeled to work with a single dice bring rolled a very high number of times and exponentially increasing one's wager.
It is such a reckless "strategy" and requires such a high wager, that I even doubt rich people would be eager to try it, against their own common sense.

[SamReomo]

I played 5 consecutive times without winning at all and I lost the whole money.

Avoid that Martingale strategy on online casinos games as sometimes it can cause huge losses to the players. I lost so much money in starting days by following that strategy and even modified it to see if that will work or not but to be honest it didn't work even its modified version didn't work for me.

[m2017]

I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6.

If you really loved roulette, you would bet $3.5k, or at least $350. $3.5 looks like a joke towards true gamblers.

$6 to $9 but it will go down to $3 until I won $10.  From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25.

Most of the gamblers, after all these activities, either in the direction of profit or in the direction of losses, ultimately come to a similar ending.

It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.

Sounds like the slogan of any gambler.