Does martingale really works?

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alani123:

Quote about Gambler's Fallacy from Wikipedia.

Quote
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The most famous example of the gamblerís fallacy occurred in a game of roulette at the Monte Carlo Casino on August 18, 1913,[5] when the ball fell in black 26 times in a row. This was an extremely uncommon occurrence, although no more nor less common than any of the other 67,108,863 sequences of 26 red or black. Gamblers lost millions of francs betting against black, reasoning incorrectly that the streak was causing an "imbalance" in the randomness of the wheel, and that it had to be followed by a long streak of red
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The whole piece is worth a read:
https://en.wikipedia.org/wiki/Gambler's_fallacy

Edit:

Also, botdice is a fun tool to use. Give it a look if you are thinking to use martingale:
https://bitcointalk.org/index.php?topic=160852.0

ferman:

i tried all types of martingale but everytime casino wins :)

dooglus:

I'm really enjoying this bet.  I especially liked the bit where I said:

Quote from: dooglus on May 30, 2014, 08:23:35 PM
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2^8 is 128

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ffs.

f3tus:

Quote from: dooglus on May 30, 2014, 11:09:51 PM
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I'm really enjoying this bet.  I especially liked the bit where I said:

Quote from: dooglus on May 30, 2014, 08:23:35 PM
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2^8 is 128

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ffs.

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Hah, it's actually like ~200 million against 1.

Or maybe this was a plausible deniability attempt by you all along, to make us think: "Hah! What a sucker!" whereas you secretly already know the result! ;D

I'm kidding, I trust you, and I bet a whole dollar worth of 0.002, lol!

And if you do win a whole lot of BTC from this bet, some people are probably going to claim it was rigged, that you already knew...

And if you lose, sorry for being the catalyst for this bet. :(

DOGEYOLO:

I'm fairly certain after 28 losses in a row @ 49.5%, the 29th will be a winner. I'm also fairly certain DOOG will be confronted as a cheater if this even ends up happening.

Sorry to the guy who lost 27 times in a row... i mean... jesus christ man. I threw up a little in my mouth for you.

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