Martingale strategy is a failure if you are consistent with it

[Oshosondy]

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.

[tsaroz]

I have a similar experience with martingale. Ideally martingale works if you have infinite fund to start with, if you keep double or covering the last bet loss with every new bet. The reason why our martingale stops is we don't have enough money or patience.
Back than there used to be a gambling site that allowed auto running strategies and let us go as below as 1 satoshi per bet. I had enough bitcoins and did started my bet on 1 satoshi. Running it all day, I earned something 3000ish satoshi everyday. But running it as such for such small profit was frustrating. I got bored and increased the minimum to 100 satoshi busting it in a few hours.

[crwth]

We all know that strategy and making it a profitable one is really hard. Doubling every time would make it easy for you to lose a lot. It's going to be a problem.

I think what you are trying to say is you make it random in a way? So that you are not consistent with it?

A lot of people have tried it and I always see it in the Dice bot thread or groups. You could check it out OP.

[avp2306]

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.

[Baofeng]

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.

You describe what the failure of Martingale system it, you need a huge bankroll + luck. That's why it is not really a good system to begin with, just wondering what kind of bet you did though? red/black? or 1-18 or 1-36.

Although I used this system from time to time in baccarat, and I will only go for 3 straight consecutive wins and then I will stop and reset or completely just "cool-down" and not force myself to continue with this strategy, but having like 4 or more consecutive losses, it's already a disaster.

[Davidvictorson]

Thank you Oshosondy for sharing your experience. As for me, the first time I went to a online casino, I mate played roulette, and because I had heard so much about the Martingale strategy, I decided to test it. I lost 11 times in a row. I came to the conclusion that this strategy is good for quick in and out betting but long term the odds remain the same. It’s still the best overall approach. Just realize that when you start with $2, you lose in a succession. All those bets are simply to win back your initial $2 which I consider a slow growth.

[EluguHcman]

Yeah. That was just me because I have been on that martingale strategies in several times.
I would usually have a target to win and when I wins, I will always want to upgrade to win higher amount and while chasing the higher price I lost it all.

I will reinforce and bet again to recover my lost and just live but once I am lucky to the recovery, I will still dare the game to win up to the initial amount I won before, of I am also lucky, I will still want to win higher and higher and my consistence on chasing this higher prices and recovery my lost always causes me to lost more and only self discipline and determinations would let me walk out and stop gaming at that moment.

[aioc]

I have used it many times in the past, and I have had the same results, sometimes good, most of the time bad. If you're going to use it, be sure you know when to quit. It's not a good strategy if you want to make a profit, and it's tiresome to think you are spending more bets and taking time to recover your initial amount. The chances are not that high.

Your bankroll should be high enough for you to recover and win. The longer you play using martingale, the slimmer your chances to win or recover your loses.

[TravelMug]

I have used it many times in the past, and I have had the same results, sometimes good, most of the time bad. If you're going to use it, be sure you know when to quit. It's not a good strategy if you want to make a profit, and it's tiresome to think you are spending more bets and taking time to recover your initial amount. The chances are not that high.

Your bankroll should be high enough for you to recover and win. The longer you play using martingale, the slimmer your chances to win or recover your loses.

Right, it just shows that there's no perfect strategy in gambling, and it's really hard to gauge how long this strategy is going to work, thus we should all know when to stop and quit as to not to lose any more money. Bankroll should be high enough for you to make a run and then stop the bleeding to recover with that one win. But if you continue to used this strategy and you don't have that bankroll, for sure all your money will be eaten in just a couple of rolls regardless if it is baccarat, dice or roulette games. And we have heard stories like what the OP describe or his frustrations using this martingale or even reverse martingale.

[Apocollapse]

By theory, martingale strategy will work if you have a lot of money, while in this case you didn't have a lot and you try to use martingale strategy, it's why your money can run out fast. I'm not saying that martingale strategy is a legit strategy to win in gambling, but you didn't meet the requirement to use martingale strategy, so we don't know how it will goes when you have a lot money.

[iv4n]

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.

As the title of your thread says, any strategy fails if overused, but as you can see a bigger problem than choosing a strategy is our greed. If I understood correctly you started with $3.5 and managed to get to $18, that should have been a nice game and that's the moment when you should have stopped the game. But greed is what we all face and often lose because of it, I think something like this has happened many times to each of us, at least to all of us who gamble often. Many times I also made x2 and much more, but I did not know/want/wished to stop and I lost both profit and deposit. It's gambling and when we are excited it's easy for us to get carried away and to believe that we can win even more...

You don't need to have a boring day just because you lost some money... you enjoyed the game and you lost, next time try to stop on time and everything will be fine. It's something we all need to learn, and more importantly to remember to apply that in the heat of the game.

[angrybirdy]

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.

we can apply the martingale strategy if we have enough money or funds that can sustain our gambling session on that day, because doing this strategy we need a sufficient amount but if we feel that martingale doesn't work for us anymore, much better if we should stop and change our strategy because we will only run out of money if we always lose and every time we lose, we double our bet because of the idea that maybe once we win, it is possible for us to gain a lot of money in return.

[_act_]

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.

Martingale is a good strategy but it is also a bad strategy. It is good because it can increase the chance of a gambler to later win huge amount of money if he still have bank roll that is enough to win huge, but ones you lose like 5 times continuously, it would be a big loss. The best is to not gamble for money because martingale strategy is likely to fail and it would be a big loss for the gambler in a way he may not be able to recover the losses ever again. I prefer to gamble with just little amount of money and not go for strategies that I know will bring me problem of money loss.

[Lida93]

I am someone that's very frugal  with exhausting money at a go, and I can say it vividly, martingale strategy in gambling is not for the low budget gamblers and maybe when we all know this we will know peace and stick to the lane that will be favourable with our budget while we tend to be consistent with it.

The few weeks I incorporated the martingale strategy for the first time into my gambling just to test how profitable it could be, I lost more than I could imagine and I concluded that it's not a strategy for a low budget gambler like me. It's a strategy that if you are not cautious with it can drive you into loss chasing without you knowing because, It's a strategy that demands you still  be consistent even under a streaks of losses...  how possible is that?

[Julien_Olynpic]

Martingale is interesting because there are very long sequences of winning or losing, in which you can either win a large amount or lose a large amount. This is always a fun statistical and math experiment. It sometimes happened to me that there were sequences of several dozen losses in a row and several dozen wins. But, naturally, this was for small amounts, because Martingale is generally unsafe. But in general, I would like to know what attracts people to Martingale? Why do such fairly simple actions bring so much emotion to people?

[rdluffy]

I think every gambler has tried the Martingale method once, and in theory it's perfect 

I remember a few years ago I tested it with dice, and as I used cryptos, I had enough decimal places so I didn't need to have such a high value, but it was a considerable amount
At first it worked well, but I had a losing streak, I think it was 12 or 16 I don't remember exactly, and I lost my entire bankroll hahaha
It seems impossible to lose 12 or 16 bets in a row, but it's not

[GideonGono]

I think every gambler has tried the Martingale method once, and in theory it's perfect 

I remember a few years ago I tested it with dice, and as I used cryptos, I had enough decimal places so I didn't need to have such a high value, but it was a considerable amount
At first it worked well, but I had a losing streak, I think it was 12 or 16 I don't remember exactly, and I lost my entire bankroll hahaha
It seems impossible to lose 12 or 16 bets in a row, but it's not

I learned martingale strats on youtube thought that it was a great strat to earn money.
I think all of us knew the result that I got, I left it running and continue my day since that is what I saw on youtube.
When I come back I laugh and learned not to trust all video online.

[danherbias07]

That's why this is a strategy for those with deep pockets. It will never work for an average Joe with an average money. I am not saying you are but many are.
There will be a part where it gets scary like what happened to you. We will be scared to lose more money in the process because it will grow to an amount that we cannot afford to lose anymore. I bet even those with deep pockets will be reluctant to continue on if they see the amount they will lose if ever it goes south.
I have done this strategy only once in my life and it's through the game Crash in Stake.com originals. I was so scared that it might not hit x2 so I cashed out at x1.30 only which means I have not gained back what I lost completely, just a part of it. And that is where it becomes a problem for those who are using that strategy.

[Peanutswar]

This strategy is double the wage to gain back the losses and double the losses once you fail to win the game, I do strategy of martingale is once I won after lose streak I make another bet from the start like if I wage and lose I use this strategy and then once I earned back my loses and take at least small amount of profit ill go back to the original strategy, well sometimes its quite effective in my part but sometimes of course not, so I keep changing games than taking this strategy.

[Porfirii]

Thank you Oshosondy for sharing your experience. As for me, the first time I went to a online casino, I mate played roulette, and because I had heard so much about the Martingale strategy, I decided to test it. I lost 11 times in a row. I came to the conclusion that this strategy is good for quick in and out betting but long term the odds remain the same. It’s still the best overall approach. Just realize that when you start with $2, you lose in a succession. All those bets are simply to win back your initial $2 which I consider a slow growth.

Eleven times in a row seems almost impossible, but I lost once ten times in a row too. It that's hard to bear in general, so imagine if you followed the martingale strategy...

If you are lucky you can beat the house in a few games, but the longer you play the bigger the chances to lose. The problem is that if you go all-in you don't enjoy the game, and there is no second chance if you lose, but if you play infinite times big numbers theory states that you will end up losing for sure. So the clue is in the balance, and martingale doesn't work because it is not balanced: it tempts fate too many times.