Does martingale really works?

[arallmuus]

i thought that you can not lose 10 times in a row then i had 13 lose.
then i though 13 is it, then i had 15 and so on.

This is what we call as a gambler's fallacies because most people think that with 98 % chance to win they will get 2 loses every 100 bets and so on while in fact that every bet is dependant and you will always get 50 % chance to either win or lose . It is highly unlikely but it is possible that there will be 50 loses or more in a 98 % chance however the probability for it to happen is close to zero ( but that doesnt mean that it is zero probability to happen )

It's not actually martingale

It is a variances though with X base bet, multiplier Y and increase on loss Z percentage.


@tigertatas, so whats the catch? Your newest screenshot shows that you again increase your wager amount just before it hit your desired roll amount ( what a luck again ) but from your newest screenshot shows that you are - 14 clams on your profit if you compared it to the previous one

EDIT : just realized that it seems to be a different account

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[Bardman]

i thought that you can not lose 10 times in a row then i had 13 lose.
then i though 13 is it, then i had 15 and so on.

This is what we call as a gambler's fallacies because most people think that with 98 % chance to win they will get 2 loses every 100 bets and so on while in fact that every bet is dependant and you will always get 50 % chance to either win or lose . It is highly unlikely but it is possible that there will be 50 loses or more in a 98 % chance however the probability for it to happen is close to zero ( but that doesnt mean that it is zero probability to happen )

It's not actually martingale

It is a variances though with X base bet, multiplier Y and increase on loss Z percentage.


@tigertatas, so whats the catch? Your newest screenshot shows that you again increase your wager amount just before it hit your desired roll amount ( what a luck again ) but from your newest screenshot shows that you are - 14 clams on your profit if you compared it to the previous one

Well gambler's fallacy is not exactly that, it's more like someone bets on red and after 10 reds in a row he thinks there is more possibilities of getting a black when in fact they are the same, always no matter what.

[arallmuus]

This is what we call as a gambler's fallacies because most people think that with 98 % chance to win they will get 2 loses every 100 bets and so on while in fact that every bet is dependant and you will always get 50 % chance to either win or lose . It is highly unlikely but it is possible that there will be 50 loses or more in a 98 % chance however the probability for it to happen is close to zero ( but that doesnt mean that it is zero probability to happen )

Well gambler's fallacy is not exactly that, it's more like someone bets on red and after 10 reds in a row he thinks there is more possibilities of getting a black when in fact they are the same, always no matter what.

Im stating another example of it and if you hasnt realized my main point yet , I bolded them anyway. The main point of a gambler's fallacy is that people think that there is a possibility of X happening after Y or that X will happen because it is suppose to happen (math calculations) while in fact that each bet is dependant
Nothing to argue here, merely a different example about it I supposed, atleast this is what most gamblers fall through I supposed

P.S : I could be wrong on this

[fox19891989]

You're somewhat right, it's not martingale by definition. However, it uses the same idea, just a different method of accumulating the losses.

Here's another one that happened 2 mins ago.  

((That extra 10 bet was a mistake... uhh..))

-TigerTatas

Wow, fucking awesome results, you have earned so much on JD, damn cool man!!!!!!!!

And you are very lucky, it is not a martingale, but it is similar to martingale, which means bet more to win bigger to cover the previous losses.     It seems that you have earned hundreds or thousands of CLAMcoins there, so be careful, control your emotions, sometimes you may lose all of your profits and deposits when you have a loss streak, it is dangerous to bet like you.

If i were u, I won't bet anymore, and I will enjoy the profits. 

[bitcoinmar]

Its a great win by you man I am watching this all after long time on Just Dice because here I Watch many winners like you so good luck for your rest of gaming

[Bardman]

Its a great win by you man I am watching this all after long time on Just Dice because here I Watch many winners like you so good luck for your rest of gaming

I have seen plenty of people like him, with big amounts of money surviving for long periods of time but in the end they all bust unless you stop, take as an example the guy who made it to 7k btc from 2k and finally busted, it happens, he lost at a 96% chance (or something around that) It might seem unlucky but knowing how many times he won before that its not.

[GiocareHost]

Its a great win by you man I am watching this all after long time on Just Dice because here I Watch many winners like you so good luck for your rest of gaming

I have seen plenty of people like him, with big amounts of money surviving for long periods of time but in the end they all bust unless you stop, take as an example the guy who made it to 7k btc from 2k and finally busted, it happens, he lost at a 96% chance (or something around that) It might seem unlucky but knowing how many times he won before that its not.

True dat.
Check this out :

As you can see, the flat bettor has a bell curve with a peak at a loss of $1, and never strays very far from that peak. Usually the Martingale bettor would show a profit represented by the bell curve on the far right, peaking at $51; however, on the far left we see those times when he couldn’t cover a bet and walked away with a substantial loss. That happened for 19.65% of the sessions. Many believers in the Martingale mistakenly believe that the many wins will more than cover the few losses.

[BTCevo]

if you have 1000btc and start very low it could work out but nobody play with these big amounts

Whats the point of having 1000btc if you are just betting low like 10 or hunderds satoshi? That is just wasting your time, better take your 1000btc doing something else

[adaseb]

Is anyone interested in seeing this? If not, I can quit posting updates on my progress.

-TigerTatas

I used to bet like that in the past. However I did it using 20% method, it was easy money but eventually I think there was like 50 loses in a row that pretty much cleaned me out, so becareful.

[kenbytes]

Martingale only works for very short term and if you have luck ,you will lose faster if you play at site which have bigger house edge

[cazkooo]

Martingale only works for very short term and if you have luck ,you will lose faster if you play at site which have bigger house edge

Short term or long term it doesnt matter because martingale mean to fail in the first place. I have never seen anyone who got profit by using this strategy. Many top player in Primedice or bitdice for example never use 2x payout and double on loss, they change it to another variance like 66 % to win

[98problems]

Martingale only works for very short term and if you have luck ,you will lose faster if you play at site which have bigger house edge

even in short term you can easily loose, one i got 10 looses in a row after rolling 3 bets on primedices new account, the best is not to use martingale

[Bardman]

Martingale only works for very short term and if you have luck ,you will lose faster if you play at site which have bigger house edge

No strategy works neither for short or long term, if something worked for short term logically it would work for long term as well, unfortunately nothing works

[GiocareHost]

Martingale only works for very short term and if you have luck ,you will lose faster if you play at site which have bigger house edge

even in short term you can easily loose, one i got 10 looses in a row after rolling 3 bets on primedices new account, the best is not to use martingale

The best is not to gamble.And if you are damn serious about gambling than I think martingale is the best method(only for short terms) and the worst method(for long period) too!
Check out this video,
https://www.youtube.com/watch?v=tmlscCK7E5c
It will explain you all the cons and pros of martingale.

[bitcoinmar]

Martingale only works for very short term and if you have luck ,you will lose faster if you play at site which have bigger house edge

even in short term you can easily loose, one i got 10 looses in a row after rolling 3 bets on primedices new account, the best is not to use martingale

The best is not to gamble.And if you are damn serious about gambling than I think martingale is the best method(only for short terms) and the worst method(for long period) too!
Check out this video,
https://www.youtube.com/watch?v=tmlscCK7E5c
It will explain you all the cons and pros of martingale.

Martingale works but not every time I have 16 loses in a streak and out of money so not able to do this again

[Hexcoin]

For me martingale in luck based games would kill you in the long run but if you use martingale in sports there is a high chance that you will success

[nikona]

Martingale only works for very short term and if you have luck ,you will lose faster if you play at site which have bigger house edge

No strategy works neither for short or long term, if something worked for short term logically it would work for long term as well, unfortunately nothing works

For Shortterm there is a difference. If say a long losing streak of 20 rolls happens with a chance of 1 in a million , then if you use that stratgey only for 100 rolls, it is less likely to happen in the start and martingale might actually work out for you. But obviously there is a chance it happens in the start, but now if you roll only 100 bets, its much more chance it won't be within those 100 rolls.

[barrymatas]

I have had great success in using martingale for my sports bets . If you pick your games carefully then you can actually beat the system .

[nikona]

I have had great success in using martingale for my sports bets . If you pick your games carefully then you can actually beat the system .

The problem with that approach is that most of the good sports tippsters give out tips at odds less than 2 , and martingaling could increase your bet really quickly that way. But yes , just like trading you could have a slight edge , but in the end even that is very risky.

The best is not to gamble.And if you are damn serious about gambling than I think martingale is the best method(only for short terms) and the worst method(for long period) too!
Check out this video,
https://www.youtube.com/watch?v=tmlscCK7E5c
It will explain you all the cons and pros of martingale.

Just saw that video. It doesn't really have anything to do with martingale in gambling, its completely with respect to trading and doesn't really describe the shortfalls of it for gambling.

[GiocareHost]

I have had great success in using martingale for my sports bets . If you pick your games carefully then you can actually beat the system .

The problem with that approach is that most of the good sports tippsters give out tips at odds less than 2 , and martingaling could increase your bet really quickly that way. But yes , just like trading you could have a slight edge , but in the end even that is very risky.

The best is not to gamble.And if you are damn serious about gambling than I think martingale is the best method(only for short terms) and the worst method(for long period) too!
Check out this video,
https://www.youtube.com/watch?v=tmlscCK7E5c
It will explain you all the cons and pros of martingale.

Just saw that video. It doesn't really have anything to do with martingale in gambling, its completely with respect to trading and doesn't really describe the shortfalls of it for gambling.

I never said it will tell you about martingale in gambling.
Its is a general method used accross all fields.Albeit,this video talks about martingale in trading but you can still learn alot from it.