Does martingale really works?

[Altcoin4life]

Whats the point of having so much rolls? That is not guarantee you will win a lot from that high roll small bet. You will can sustain more losses but it is just wasting time if you can't get profit from it

I have no idea why people set up bots to run so many rolls in a row without actually doing anything, but that doesn't change the fact that people do it. It is much easier to get to 1 million rolls, and therefore have a 38% chance of losing 20 in a row and losing everything on a dice site with a bot than it would be at a roulette table if you had the bankroll and a casino willing to set up limits allowing you to use a martingale system where it takes 20 bets in a row to go broke.

Actually I didnt get what are you saying. The point is to make 1 million rolls without getting any profit is such a waste here. Although you make 1 million rolls and have 38% chance of losing it is pretty bad. Why not get a low rolls but get huge profit that seems more reliable and more efficient of your time too

i think he means the fact that many people run a bot (the site's bot or any external bot) and leave it to bet for hours. what is the point of that!
i have the same feeling too, this is gambling and the fun is when you do the rolls and win or lose on your bets. i don't get the reason what is the fun when you leave a tab open to bet for you for hours.
it is more like mining bitcoin rather than playing a gambling game.

It's called a difference of opinion some like playing manual some only care about strategy and outcome.  So setting up a bot and strategies is fun for some.

[1714660305]

1714660305

[Astargath]

Whats the point of having so much rolls? That is not guarantee you will win a lot from that high roll small bet. You will can sustain more losses but it is just wasting time if you can't get profit from it

I have no idea why people set up bots to run so many rolls in a row without actually doing anything, but that doesn't change the fact that people do it. It is much easier to get to 1 million rolls, and therefore have a 38% chance of losing 20 in a row and losing everything on a dice site with a bot than it would be at a roulette table if you had the bankroll and a casino willing to set up limits allowing you to use a martingale system where it takes 20 bets in a row to go broke.

Actually I didnt get what are you saying. The point is to make 1 million rolls without getting any profit is such a waste here. Although you make 1 million rolls and have 38% chance of losing it is pretty bad. Why not get a low rolls but get huge profit that seems more reliable and more efficient of your time too

i think he means the fact that many people run a bot (the site's bot or any external bot) and leave it to bet for hours. what is the point of that!
i have the same feeling too, this is gambling and the fun is when you do the rolls and win or lose on your bets. i don't get the reason what is the fun when you leave a tab open to bet for you for hours.
it is more like mining bitcoin rather than playing a gambling game.

It's called a difference of opinion some like playing manual some only care about strategy and outcome.  So setting up a bot and strategies is fun for some.

Its only fun for them because they are ignorant and think they are going to find a strategy that works when they are just wasting their money, im pretty sure its not fun when they lose all their money with silly strategies

[jeffthebaker]

Martingale is about as guaranteed a profit as Cloud mining. Interpret that however you please.

[maxwellb336]

I tried to use it only ones and lost everything. Don't think this is right strategy.

[giustone]

Martingale is a good strategy in gambling if you have unlimited money.
Fibonacci is another strategy but is more profitable for me.

[adaseb]

The best martingale is when you are betting with the faucet since its no risk or another way is to bet against having 20+ winners in a row and keep doubling your bet. Kind of like reverse martingale.

[masterzino]

The best martingale is when you are betting with the faucet since its no risk or another way is to bet against having 20+ winners in a row and keep doubling your bet. Kind of like reverse martingale.

Every tactic will work when you are lucky enough I made to 0.05 today with facuet and martingale

[arallmuus]

Its only fun for them because they are ignorant and think they are going to find a strategy that works when they are just wasting their money

As a matter of facts, there are some strategy that "works" providing you know how to use it properly. The word strategy actually doesnt mean that it is solely based on "betting strategy" only as there are alot of other strategy to consider which is utilizing bonus / promotions .You may not be able to turn the edge into your favour however if you do it properly than you could atleast "lower" them.


Take an example of bustabit, with its bonus feature and the proper way to "get" it then you could even turn the edge into +EV . However this doesnt mean that it will always work. Simply because of the nature of gambling itself is pretty much based on luck as well so nothing is surely works for 100 % but that doesnt mean you will lose because turning it into +EV and do it in a proper way actually means you will get profit on the long run just not to be rich in overnight

Another example will be betterbets with its cashback bonus up to 20 % of the house edge, thats merely giving away 20 % of their house edge and player have the better chance to win and if you take close look at my calculation ( references below ). If you actually "utilize" this then your house edge is bound to be as low as 0.06 % which is near to zero and that means the probability for you to win is much higher in this case

Considering the luck forging will be making the house edge into 0.1 % and Happy Hour will be 0.25 % that means at platinum level membership, the House Edge will be dropped as low as 0.06 % for Luck Forging and 0.15 % for Happy hour

[bitcoinmar]

The best martingale is when you are betting with the faucet since its no risk or another way is to bet against having 20+ winners in a row and keep doubling your bet. Kind of like reverse martingale.

Every tactic will work when you are lucky enough I made to 0.05 today with facuet and martingale

Best thing for every system is luck if you have your day then you king if you luck not working then you are going to be bagger even you use any martingale

[seoincorporation]

Now you can try the M4RT-N bot on http://luckybitfaucet.com/community/micro/

Strart using the faucet and try to hit big with that bot.

[jones techbit]

im not really sure, martiangle works for it
but in gambling we need  patience, skill and experience.

be careful always Don't get greedy and if you're looking for betting strategies I suggest you to stay  away from martingale.

[IBGigglin]

Martingale is a good strategy in gambling if you have unlimited money.
Fibonacci is another strategy but is more profitable for me.

Eventually you will lose enough in a row to deplete your bankroll. Also see Gamblers Fallacy.

[sherbyspark]

Martingale is a good strategy in gambling if you have unlimited money.
Fibonacci is another strategy but is more profitable for me.

Yes, but ultimately the max bet on the sites won't let you go over a certain amount thus limiting you and your max bet . Therefore in the end even if you start with one satoshi, you will likely lose over time .

[roadbits]

There is no winning system for gambling, some have good methods and some might even have something close to a system but you will not hear from them.

[bitcoinmar]

There is no winning system for gambling, some have good methods and some might even have something close to a system but you will not hear from them.

its right most of system works with luck and if you are lucky then you are winner and if not then you are loser its best system right now

[Akbarkoe]

There is no winning system for gambling, some have good methods and some might even have something close to a system but you will not hear from them.

i believe its depends on luck also
and i think martingale system does not work if have balance very small

[the_reprobate]

You guys need to let this thread die. Martingale is massively EV-, it's more profitable to just bet your entire balance on one bet, with odds that you want.

[adaseb]

You guys need to let this thread die. Martingale is massively EV-, it's more profitable to just bet your entire balance on one bet, with odds that you want.

Why let it die. This is actually the most interesting thread in the gambling section on Bitcointalk. If you read it, it discussed a few interesting ideas to make money by gambling.

[pooya87]

You guys need to let this thread die. Martingale is massively EV-, it's more profitable to just bet your entire balance on one bet, with odds that you want.

martingale is the worst gambling method but it is the most popular and most used method at the same time too. so i guess this thread is not going to die that easily
and as you can see it has already got to page 80, and there is a lot of good perspectives and arguments in these pages too.

[dooglus]

You guys need to let this thread die. Martingale is massively EV-, it's more profitable to just bet your entire balance on one bet, with odds that you want.

If you want the thread to die you shouldn't post such misleading statements. It has been proven many times that betting your entire balance on one bet is NOT the most efficient way to achieve any profit goal.