Does martingale really works?

[sidhujag]

Good news :

My strategy that introduced in above really works .

Someone wrote the lua script in dicebot and used it and makes so profit till now .

Proof :

-snip-

Start by 18K doges , made profit x5 in 50K bets ( almost 20 hours ) .

Don't be lazy wrote the script and make inifite Money and pull down all dice casinos .

Having a profit in a purely luck game doesn't indicate your strategy is working. It simply indicates the gambler was having some good luck.

You are clearly wrong

This isn't just a strategy this is a revolution of all of strategies that you ever heard about them in the history of universe .

Another account started by 10k doges , get x2.2 profit at 5 hours .





Future is in front of you .

I want to see the drawdown chart next to the equity.

[Synister]

I think, Martiangle is a good strategy but very dangerous if used constantly, I've lost 1 BTC because this strategy.

[XinXan]

We've had a guy playing on Just-Dice for a couple of months now, and winning pretty consistently.

He just hit a profit of 500 CLAMs and quit.

Here's his profit chart:



And the post-match interview:

07:55:01 (1) <@dooglus> thermite, what's your strategy? is it some kind of martingale betting?
07:55:32 (1053586) <thermite> yeah, basically a martingale, but I try to kind of "count cards" by doing an autobet at 9% or something low
07:55:50 (1053586) <thermite> and then when I see a long losing streak go by I switch to 79% and go for it
07:56:25 (1053586) <thermite> also I don't martingale all the way, just enough up to recover the last bet and go up and down the ladder

Well his strategy is definitely a gamblers fallacy thing so he just had luck and felt like his strategy was working, his only good strategy was quitting

[dooglus]

Well his strategy is definitely a gamblers fallacy thing so he just had luck and felt like his strategy was working, his only good strategy was quitting

Q: Does martingale really works?

A: Yes, if you're lucky.

[itod]

Well his strategy is definitely a gamblers fallacy thing so he just had luck and felt like his strategy was working, his only good strategy was quitting

Every strategy is gamblers fallacy in negative EV game, like all dice sites are. At least his strategy is intuitive and more fun to play then any classical form of Martingale that is often seen. In the long run everyone ends with 0 balance if one doesn't stop while his luck temporarily brought him on the positive side of profit curve. Legendary Nakowa did just that: put him self in the plus and stopped gambling, which is psychologically very hard to do because when you are gaining you have a feeling you may win more, which of course is less true the more you gamble. Martingaleing using bots is the quickest and least fun existing way to 0 balance.

[waterpile]

I think, Martiangle is a good strategy but very dangerous if used constantly, I've lost 1 BTC because this strategy.

There is no good strategy, it all boils down to luck.

[Ingatqhvq]

I think, Martiangle is a good strategy but very dangerous if used constantly, I've lost 1 BTC because this strategy.

Actually, I never succeeded, Martiangle strategy is not good as the theory revealed. The practice is totally another story.

[JoelKatz]

I think, Martiangle is a good strategy but very dangerous if used constantly, I've lost 1 BTC because this strategy.

If you literally mean the original Martingale betting strategy, yeah, it's dangerous because you'll rapidly run into the betting limit. However, more sophisticated progressive betting systems don't have this problem because, among other things, the most important thing they do is tell you when to stop betting.

[Astargath]

I think, Martiangle is a good strategy but very dangerous if used constantly, I've lost 1 BTC because this strategy.

There is no good strategy, it all boils down to luck.

That is partially true, some strategies are better than others, of course they wont make the odds any better but they can make you lose less money in the event that you indeed end up loosing

[EvilPanda]

I think, Martiangle is a good strategy but very dangerous if used constantly, I've lost 1 BTC because this strategy.

Actually, I never succeeded, Martiangle strategy is not good as the theory revealed. The practice is totally another story.

It works if you have enough money and start with very low bets. Sadly, I think some sites employ scripts that prevent you from abusing martingale, that's why some people recommend to change "seeds" from time to time if you run into a wall of losses.
Otherwise people would just go in with a high amount of money, like 100BTC, set the minimum bet to 0.001BTC and run on auto 24/7.

[Grand_Voyageur]

I think, Martiangle is a good strategy but very dangerous if used constantly, I've lost 1 BTC because this strategy.

Actually, I never succeeded, Martiangle strategy is not good as the theory revealed. The practice is totally another story.

It works if you have enough money and start with very low bets. Sadly, I think some sites employ scripts that prevent you from abusing martingale, that's why some people recommend to change "seeds" from time to time if you run into a wall of losses.
Otherwise people would just go in with a high amount of money, like 100BTC, set the minimum bet to 0.001BTC and run on auto 24/7.

Supervision is always needed, even if you run bots. Allowing gambling bots to run unattended, even if not in full auto 24/7, is only a recipe for big losses.

[snipetr]

I change my bet every loss and I didnt get 8+ losses.

[98problems]

I change my bet every loss and I didnt get 8+ losses.

that means you did not play for a long time because when i was playing with swapping bets i got like 20 losts

[Buziss]

I change my bet every loss and I didnt get 8+ losses.

that means you did not play for a long time because when i was playing with swapping bets i got like 20 losts

+1.
My personal worst is having 12 losses consecutively and I hit that with just a few hundred rolls.

[bitgeek]

I change my bet every loss and I didnt get 8+ losses.

On which site? PrimeDice? I had over 10 losses the first day I decided to martingale there.
It was smooth in the beginning the money pile kept growing and then it went to 0.

[dooglus]

It works if you have enough money and start with very low bets. Sadly, I think some sites employ scripts that prevent you from abusing martingale, that's why some people recommend to change "seeds" from time to time if you run into a wall of losses.
Otherwise people would just go in with a high amount of money, like 100BTC, set the minimum bet to 0.001BTC and run on auto 24/7.

Sites don't need to "employ scripts that prevent you from abusing martingale".

Martingale abuses you if you use it long enough.

In your example, after 10 losses in a row you've lost 1.023 BTC,
after 16 losses in a row you've lose 65.535 BTC, and don't have enough to double for your 17th bet.

You can expect to hit a streak of 16 losses in a row every 56000 rolls or so (at 49.5%).

See why no special script is needed? Play long enough and you'll lose without the site doing any cheating.

[Brewins]

I think, Martiangle is a good strategy but very dangerous if used constantly, I've lost 1 BTC because this strategy.

Actually, I never succeeded, Martiangle strategy is not good as the theory revealed. The practice is totally another story.

It works if you have enough money and start with very low bets. Sadly, I think some sites employ scripts that prevent you from abusing martingale, that's why some people recommend to change "seeds" from time to time if you run into a wall of losses.
Otherwise people would just go in with a high amount of money, like 100BTC, set the minimum bet to 0.001BTC and run on auto 24/7.

The house edge would remain the same.

That means that let a bot free martingale 24/07 will only slowly make you lose money

[JoelKatz]

That means that let a bot free martingale 24/07 will only slowly make you lose money

Actually, it won't make you slowly lose money. It will make you slowly gain money and then suddenly, unpredictably, lose it in one fell swoop.

[waterpile]

That means that let a bot free martingale 24/07 will only slowly make you lose money

Actually, it won't make you slowly lose money. It will make you slowly gain money and then suddenly, unpredictably, lose it in one fell swoop.

Yep, I don't think martingale will work for a long time.. So, its better to bet big and set your target profit.

[TheGrapist]

any one here can help me verify this bets? it feels like there is something fishy here

I hate martingale now. Haha