Does martingale really works?

[Erza]

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.

there is no such as winning strategy here, if there is such strategy, why would anyone need to work ? and why would someone open up a gambling sites? it will better that everyone play at the gambling sites if there is such winning strategy

[birdcat90]

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

you mean changing direction??

well its not work mate, sometimes it will give you the longest streaks as when we flip it will red and so on..

never know what the outcome tho..

[GMA7]

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.

there is no such as winning strategy here, if there is such strategy, why would anyone need to work ? and why would someone open up a gambling sites? it will better that everyone play at the gambling sites if there is such winning strategy

there is a winning strategy but no strategy is working for long and no strategy is sure profit at the end

[mizna]

sometimes martingale really works on me
but sometimes it's so suck
and my balance lost with this strategy:)

[BTCevo]

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

Yes you can said that but I think people always use it when he is really have a lot of btc and never do this martiangle if you can afford the lose, besides that you must know when to stop, if not sure you will lose all of it like I did before. Losing all of 0.8 btc and didn't left any penny. But if you are really lucky may be you can play a lot of this martiangle

[dooglus]

Over the last 2 or 3 weeks we had a guy at Just-Dice running 40 bots, all betting dust at 9% chance of winning, looking for long losing streaks. When a bit bot hit a streak of 100 or so losses in a row, it would stop and alert the guy, who would then take over and bet at 9% manually, increasing the stake by about 10% each roll.

It worked very well for 22.5 million rolls, and then this happened:



Yet another great example of how martingale works great until it doesn't!

Here's the losing streak - 163 losses in a row at 9%:

+-----------+-------------+--------+---------------------+--------------+
| betid     | stake       | nonce  | date                | profit       |
+-----------+-------------+--------+---------------------+--------------+
| 288885197 | 665.5725013 | 624047 | 2015-05-26 17:53:48 | -665.5725013 |
| 288800430 |         456 | 624046 | 2015-05-26 17:35:03 |         -456 |
| 288783401 |         389 | 624045 | 2015-05-26 17:32:21 |         -389 |
| 288776320 |         353 | 624044 | 2015-05-26 17:31:10 |         -353 |
| 288775555 |         321 | 624043 | 2015-05-26 17:31:02 |         -321 |
| 288774117 |         292 | 624042 | 2015-05-26 17:30:46 |         -292 |
| 288766501 |         265 | 624041 | 2015-05-26 17:29:29 |         -265 |
| 288765121 |         242 | 624040 | 2015-05-26 17:29:14 |         -242 |
| 288764230 |         220 | 624039 | 2015-05-26 17:29:04 |         -220 |
| 288763146 |         200 | 624038 | 2015-05-26 17:28:53 |         -200 |
| 288762441 |       181.5 | 624037 | 2015-05-26 17:28:46 |       -181.5 |
| 288732561 |         165 | 624036 | 2015-05-26 17:23:19 |         -165 |
| 288731425 |         150 | 624035 | 2015-05-26 17:23:08 |         -150 |
| 288728042 |         136 | 624034 | 2015-05-26 17:22:35 |         -136 |
| 288727508 |         124 | 624033 | 2015-05-26 17:22:30 |         -124 |
| 288726956 |         112 | 624032 | 2015-05-26 17:22:25 |         -112 |
| 288715455 |         102 | 624031 | 2015-05-26 17:20:36 |         -102 |
| 288714238 |          93 | 624030 | 2015-05-26 17:20:24 |          -93 |
| 288713297 |          85 | 624029 | 2015-05-26 17:20:16 |          -85 |
| 288711868 |          77 | 624028 | 2015-05-26 17:20:02 |          -77 |
| 288708968 |          70 | 624027 | 2015-05-26 17:19:34 |          -70 |
| 288708352 |          63 | 624026 | 2015-05-26 17:19:28 |          -63 |
| 288707804 |          57 | 624025 | 2015-05-26 17:19:22 |          -57 |
| 288694384 |        52.6 | 624024 | 2015-05-26 17:17:13 |        -52.6 |
| 288693198 |          47 | 624023 | 2015-05-26 17:17:02 |          -47 |
| 288692220 |          45 | 624022 | 2015-05-26 17:16:52 |          -45 |
| 288690216 |          40 | 624021 | 2015-05-26 17:16:34 |          -40 |
| 288689165 |        35.9 | 624020 | 2015-05-26 17:16:24 |        -35.9 |
| 288685761 |        32.6 | 624019 | 2015-05-26 17:15:52 |        -32.6 |
| 288661634 |        29.7 | 624018 | 2015-05-26 17:12:16 |        -29.7 |
| 288660251 |          27 | 624017 | 2015-05-26 17:12:03 |          -27 |
| 288655443 |        24.5 | 624016 | 2015-05-26 17:11:21 |        -24.5 |
| 288652186 |        22.3 | 624015 | 2015-05-26 17:10:51 |        -22.3 |
| 288649166 |       20.32 | 624014 | 2015-05-26 17:10:23 |       -20.32 |
| 288648514 |     18.4767 | 624013 | 2015-05-26 17:10:18 |     -18.4767 |
| 288645997 |       16.79 | 624012 | 2015-05-26 17:09:55 |       -16.79 |
| 288645038 |       15.27 | 624011 | 2015-05-26 17:09:47 |       -15.27 |
| 288644310 |        13.8 | 624010 | 2015-05-26 17:09:41 |        -13.8 |
| 288642170 |       12.69 | 624009 | 2015-05-26 17:09:22 |       -12.69 |
| 288637638 |       11.74 | 624008 | 2015-05-26 17:08:43 |       -11.74 |
| 288636870 |       10.43 | 624007 | 2015-05-26 17:08:36 |       -10.43 |
| 288635936 |        9.45 | 624006 | 2015-05-26 17:08:27 |        -9.45 |
| 288633657 |         8.6 | 624005 | 2015-05-26 17:08:08 |         -8.6 |
| 288632932 |         7.8 | 624004 | 2015-05-26 17:08:01 |         -7.8 |
| 288632285 |         7.1 | 624003 | 2015-05-26 17:07:56 |         -7.1 |
| 288631122 |        6.47 | 624002 | 2015-05-26 17:07:45 |        -6.47 |
| 288630455 |        5.89 | 624001 | 2015-05-26 17:07:39 |        -5.89 |
| 288629111 |        5.28 | 624000 | 2015-05-26 17:07:28 |        -5.28 |
| 288628531 |         4.8 | 623999 | 2015-05-26 17:07:22 |         -4.8 |
| 288627854 |         4.2 | 623998 | 2015-05-26 17:07:17 |         -4.2 |
| 288627082 |         3.9 | 623997 | 2015-05-26 17:07:10 |         -3.9 |
| 288626470 |         3.3 | 623996 | 2015-05-26 17:07:05 |         -3.3 |
| 288625997 |           3 | 623995 | 2015-05-26 17:07:00 |           -3 |
| 288604513 |  1.19643925 | 623994 | 2015-05-26 17:03:46 |  -1.19643925 |
| 288604480 |  1.05227726 | 623993 | 2015-05-26 17:03:46 |  -1.05227726 |
| 288604435 |  0.92548572 | 623992 | 2015-05-26 17:03:45 |  -0.92548572 |
| 288604380 |  0.81397161 | 623991 | 2015-05-26 17:03:45 |  -0.81397161 |
| 288604343 |  0.71589411 | 623990 | 2015-05-26 17:03:45 |  -0.71589411 |
| 288604254 |  0.62963423 | 623989 | 2015-05-26 17:03:44 |  -0.62963423 |
| 288604246 |  0.55376801 | 623988 | 2015-05-26 17:03:44 |  -0.55376801 |
| 288604218 |   0.4870431 | 623987 | 2015-05-26 17:03:43 |   -0.4870431 |
| 288604149 |  0.42835805 | 623986 | 2015-05-26 17:03:43 |  -0.42835805 |
| 288604112 |  0.37674411 | 623985 | 2015-05-26 17:03:43 |  -0.37674411 |
| 288604038 |  0.33134926 | 623984 | 2015-05-26 17:03:42 |  -0.33134926 |
| 288604003 |  0.29142415 | 623983 | 2015-05-26 17:03:41 |  -0.29142415 |
| 288603944 |  0.25630972 | 623982 | 2015-05-26 17:03:41 |  -0.25630972 |
| 288603909 |  0.22542631 | 623981 | 2015-05-26 17:03:41 |  -0.22542631 |
| 288603835 |  0.19826413 | 623980 | 2015-05-26 17:03:40 |  -0.19826413 |
| 288603806 |  0.17437478 | 623979 | 2015-05-26 17:03:40 |  -0.17437478 |
| 288603788 |  0.15336393 | 623978 | 2015-05-26 17:03:39 |  -0.15336393 |
| 288603707 |  0.13488472 | 623977 | 2015-05-26 17:03:39 |  -0.13488472 |
| 288603684 |  0.11863212 | 623976 | 2015-05-26 17:03:38 |  -0.11863212 |
| 288603628 |  0.10433784 | 623975 | 2015-05-26 17:03:38 |  -0.10433784 |
| 288603587 |  0.09176591 | 623974 | 2015-05-26 17:03:38 |  -0.09176591 |
| 288603551 |   0.0807088 | 623973 | 2015-05-26 17:03:37 |   -0.0807088 |
| 288603480 |  0.07098399 | 623972 | 2015-05-26 17:03:37 |  -0.07098399 |
| 288603442 |  0.06243095 | 623971 | 2015-05-26 17:03:36 |  -0.06243095 |
| 288603367 |  0.05490849 | 623970 | 2015-05-26 17:03:36 |  -0.05490849 |
| 288603351 |  0.04829243 | 623969 | 2015-05-26 17:03:36 |  -0.04829243 |
| 288603281 |  0.04247355 | 623968 | 2015-05-26 17:03:35 |  -0.04247355 |
| 288603253 |  0.03735581 | 623967 | 2015-05-26 17:03:35 |  -0.03735581 |
| 288603220 |  0.03285471 | 623966 | 2015-05-26 17:03:34 |  -0.03285471 |
| 288603143 |  0.02889596 | 623965 | 2015-05-26 17:03:34 |  -0.02889596 |
| 288603115 |  0.02541422 | 623964 | 2015-05-26 17:03:34 |  -0.02541422 |
| 288603080 |  0.02235199 | 623963 | 2015-05-26 17:03:33 |  -0.02235199 |
| 288603027 |  0.01965874 | 623962 | 2015-05-26 17:03:33 |  -0.01965874 |
| 288602954 |  0.01729001 | 623961 | 2015-05-26 17:03:32 |  -0.01729001 |
| 288602927 |   0.0152067 | 623960 | 2015-05-26 17:03:32 |   -0.0152067 |
| 288602901 |   0.0133744 | 623959 | 2015-05-26 17:03:31 |   -0.0133744 |
| 288602847 |  0.01176289 | 623958 | 2015-05-26 17:03:31 |  -0.01176289 |
| 288602799 |  0.01034555 | 623957 | 2015-05-26 17:03:31 |  -0.01034555 |
| 288602725 |  0.00909899 | 623956 | 2015-05-26 17:03:30 |  -0.00909899 |
| 288602684 |  0.00800263 | 623955 | 2015-05-26 17:03:29 |  -0.00800263 |
| 288602622 |  0.00703837 | 623954 | 2015-05-26 17:03:29 |  -0.00703837 |
| 288602575 |   0.0061903 | 623953 | 2015-05-26 17:03:29 |   -0.0061903 |
| 288602514 |  0.00544441 | 623952 | 2015-05-26 17:03:28 |  -0.00544441 |
| 288602478 |   0.0047884 | 623951 | 2015-05-26 17:03:28 |   -0.0047884 |
| 288602404 |  0.00421144 | 623950 | 2015-05-26 17:03:27 |  -0.00421144 |
| 288602371 |  0.00370399 | 623949 | 2015-05-26 17:03:27 |  -0.00370399 |
| 288602299 |  0.00325769 | 623948 | 2015-05-26 17:03:26 |  -0.00325769 |
| 288602282 |  0.00286516 | 623947 | 2015-05-26 17:03:26 |  -0.00286516 |
| 288602233 |  0.00251993 | 623946 | 2015-05-26 17:03:25 |  -0.00251993 |
| 288602170 |   0.0022163 | 623945 | 2015-05-26 17:03:25 |   -0.0022163 |
| 288602130 |  0.00194925 | 623944 | 2015-05-26 17:03:24 |  -0.00194925 |
| 288602056 |  0.00171438 | 623943 | 2015-05-26 17:03:24 |  -0.00171438 |
| 288602021 |  0.00150781 | 623942 | 2015-05-26 17:03:23 |  -0.00150781 |
| 288601951 |  0.00132613 | 623941 | 2015-05-26 17:03:23 |  -0.00132613 |
| 288601922 |  0.00116634 | 623940 | 2015-05-26 17:03:22 |  -0.00116634 |
| 288601846 |  0.00102581 | 623939 | 2015-05-26 17:03:22 |  -0.00102581 |
| 288601819 |   0.0009022 | 623938 | 2015-05-26 17:03:22 |   -0.0009022 |
| 288601732 |  0.00079349 | 623937 | 2015-05-26 17:03:21 |  -0.00079349 |
| 288601680 |  0.00069788 | 623936 | 2015-05-26 17:03:20 |  -0.00069788 |
| 288601595 |  0.00061379 | 623935 | 2015-05-26 17:03:20 |  -0.00061379 |
| 288601561 |  0.00053984 | 623934 | 2015-05-26 17:03:19 |  -0.00053984 |
| 288601467 |  0.00047479 | 623933 | 2015-05-26 17:03:19 |  -0.00047479 |
| 288601384 |  0.00041758 | 623932 | 2015-05-26 17:03:18 |  -0.00041758 |
| 288601344 |  0.00036727 | 623931 | 2015-05-26 17:03:18 |  -0.00036727 |
| 288601255 |  0.00032301 | 623930 | 2015-05-26 17:03:17 |  -0.00032301 |
| 288601197 |  0.00028409 | 623929 | 2015-05-26 17:03:16 |  -0.00028409 |
| 288601113 |  0.00024986 | 623928 | 2015-05-26 17:03:16 |  -0.00024986 |
| 288601023 |  0.00021976 | 623927 | 2015-05-26 17:03:15 |  -0.00021976 |
| 288600968 |  0.00019328 | 623926 | 2015-05-26 17:03:14 |  -0.00019328 |
| 288600878 |  0.00016999 | 623925 | 2015-05-26 17:03:14 |  -0.00016999 |
| 288600799 |  0.00014951 | 623924 | 2015-05-26 17:03:13 |  -0.00014951 |
| 288600742 |  0.00013149 | 623923 | 2015-05-26 17:03:13 |  -0.00013149 |
| 288600657 |  0.00011565 | 623922 | 2015-05-26 17:03:12 |  -0.00011565 |
| 288600557 |  0.00010171 | 623921 | 2015-05-26 17:03:11 |  -0.00010171 |
| 288600483 |  0.00008946 | 623920 | 2015-05-26 17:03:10 |  -0.00008946 |
| 288600425 |  0.00007868 | 623919 | 2015-05-26 17:03:09 |  -0.00007868 |
| 288600339 |   0.0000692 | 623918 | 2015-05-26 17:03:09 |   -0.0000692 |
| 288600248 |  0.00006086 | 623917 | 2015-05-26 17:03:08 |  -0.00006086 |
| 288600164 |  0.00005353 | 623916 | 2015-05-26 17:03:07 |  -0.00005353 |
| 288600093 |  0.00004708 | 623915 | 2015-05-26 17:03:06 |  -0.00004708 |
| 288599980 |  0.00004141 | 623914 | 2015-05-26 17:03:05 |  -0.00004141 |
| 288599883 |  0.00003642 | 623913 | 2015-05-26 17:03:05 |  -0.00003642 |
| 288599787 |  0.00003203 | 623912 | 2015-05-26 17:03:04 |  -0.00003203 |
| 288599693 |  0.00002817 | 623911 | 2015-05-26 17:03:03 |  -0.00002817 |
| 288599625 |  0.00002477 | 623910 | 2015-05-26 17:03:02 |  -0.00002477 |
| 288599526 |  0.00002179 | 623909 | 2015-05-26 17:03:01 |  -0.00002179 |
| 288599435 |  0.00001916 | 623908 | 2015-05-26 17:03:01 |  -0.00001916 |
| 288599339 |  0.00001686 | 623907 | 2015-05-26 17:03:00 |  -0.00001686 |
| 288599283 |  0.00001482 | 623906 | 2015-05-26 17:02:59 |  -0.00001482 |
| 288599190 |  0.00001304 | 623905 | 2015-05-26 17:02:59 |  -0.00001304 |
| 288599098 |  0.00001147 | 623904 | 2015-05-26 17:02:58 |  -0.00001147 |
| 288599044 |  0.00001009 | 623903 | 2015-05-26 17:02:57 |  -0.00001009 |
| 288598954 |  0.00000887 | 623902 | 2015-05-26 17:02:56 |  -0.00000887 |
| 288598861 |   0.0000078 | 623901 | 2015-05-26 17:02:56 |   -0.0000078 |
| 288598772 |  0.00000686 | 623900 | 2015-05-26 17:02:55 |  -0.00000686 |
| 288598680 |  0.00000603 | 623899 | 2015-05-26 17:02:54 |  -0.00000603 |
| 288598630 |  0.00000531 | 623898 | 2015-05-26 17:02:53 |  -0.00000531 |
| 288598547 |  0.00000467 | 623897 | 2015-05-26 17:02:53 |  -0.00000467 |
| 288598449 |  0.00000411 | 623896 | 2015-05-26 17:02:52 |  -0.00000411 |
| 288598356 |  0.00000361 | 623895 | 2015-05-26 17:02:51 |  -0.00000361 |
| 288598288 |  0.00000318 | 623894 | 2015-05-26 17:02:50 |  -0.00000318 |
| 288598206 |  0.00000279 | 623893 | 2015-05-26 17:02:49 |  -0.00000279 |
| 288598113 |  0.00000246 | 623892 | 2015-05-26 17:02:49 |  -0.00000246 |
| 288598015 |  0.00000216 | 623891 | 2015-05-26 17:02:48 |  -0.00000216 |
| 288597953 |   0.0000019 | 623890 | 2015-05-26 17:02:47 |   -0.0000019 |
| 288597861 |  0.00000167 | 623889 | 2015-05-26 17:02:47 |  -0.00000167 |
| 288597768 |  0.00000147 | 623888 | 2015-05-26 17:02:46 |  -0.00000147 |
| 288597676 |  0.00000129 | 623887 | 2015-05-26 17:02:45 |  -0.00000129 |
| 288597611 |  0.00000114 | 623886 | 2015-05-26 17:02:44 |  -0.00000114 |
| 288597511 |    0.000001 | 623885 | 2015-05-26 17:02:43 |    -0.000001 |
| 288597409 |  0.00004708 | 623884 | 2015-05-26 17:02:43 |    0.0004708 |
+-----------+-------------+--------+---------------------+--------------+

[deisik]

Over the last 2 or 3 weeks we had a guy at Just-Dice running 40 bots, all betting dust at 9% chance of winning, looking for long losing streaks. When a bit hit a streak of 100 or so losses in a row, it would stop and alert the guy, who would then take over and bet at 9% manually, increasing the stake by about 10% each roll.

It worked very well for 22.5 million rolls, and then this happened:



Yet another great example of how martingale works great until it doesn't!

He had evidently been warned twice between 18th and 20th of May. Should have taken his winnings and run away without ever looking back...

[dooglus]

He had evidently been warned twice in between 18th and 20th of May...

Yes, he knew the risks. He said he was betting that he would reach 10k profit before finding a streak longer than 160. I guess he had set his starting bet such that he could afford to cover a losing streak that long.

[alani123]

Wasn't the bot supposed to alert him at 100 losses?

[kolloh]

Ouch, that is indeed a long losing streak. When martingale fails, it fails hard as this graph shows. Looks like there was a couple other pretty big losing streaks as the dips show crossing into negative territory a few times earlier.

[dooglus]

Wasn't the bot supposed to alert him at 100 losses?

Something like that. I think he changed the threshold a little over time.

[romano1]

Martingale works or not, really not a bad question but everyone ( really everyone ) has his own ideas and hard to justify any.

[dooglus]

Martingale works or not, really not a bad question but everyone ( really everyone ) has his own ideas and hard to justify any.

I have another exhibit:



I put it to you that no, martingale doesn't really works.

[romano1]

Martingale works or not, really not a bad question but everyone ( really everyone ) has his own ideas and hard to justify any.

I have another exhibit:



I put it to you that no, martingale doesn't really works.

Who knows that the next bet may have won ? really hard to tell if martingale will work or not, someone who can tell us this is our luck

[adaseb]

Over the last 2 or 3 weeks we had a guy at Just-Dice running 40 bots, all betting dust at 9% chance of winning, looking for long losing streaks. When a bit bot hit a streak of 100 or so losses in a row, it would stop and alert the guy, who would then take over and bet at 9% manually, increasing the stake by about 10% each roll.

It worked very well for 22.5 million rolls, and then this happened:



Yet another great example of how martingale works great until it doesn't!

Here's the losing streak - 163 losses in a row at 9%:

+-----------+-------------+--------+---------------------+--------------+
| betid     | stake       | nonce  | date                | profit       |
+-----------+-------------+--------+---------------------+--------------+
| 288885197 | 665.5725013 | 624047 | 2015-05-26 17:53:48 | -665.5725013 |
| 288800430 |         456 | 624046 | 2015-05-26 17:35:03 |         -456 |
| 288783401 |         389 | 624045 | 2015-05-26 17:32:21 |         -389 |
| 288776320 |         353 | 624044 | 2015-05-26 17:31:10 |         -353 |
| 288775555 |         321 | 624043 | 2015-05-26 17:31:02 |         -321 |
| 288774117 |         292 | 624042 | 2015-05-26 17:30:46 |         -292 |
| 288766501 |         265 | 624041 | 2015-05-26 17:29:29 |         -265 |
| 288765121 |         242 | 624040 | 2015-05-26 17:29:14 |         -242 |
| 288764230 |         220 | 624039 | 2015-05-26 17:29:04 |         -220 |
| 288763146 |         200 | 624038 | 2015-05-26 17:28:53 |         -200 |
| 288762441 |       181.5 | 624037 | 2015-05-26 17:28:46 |       -181.5 |
| 288732561 |         165 | 624036 | 2015-05-26 17:23:19 |         -165 |
| 288731425 |         150 | 624035 | 2015-05-26 17:23:08 |         -150 |
| 288728042 |         136 | 624034 | 2015-05-26 17:22:35 |         -136 |
| 288727508 |         124 | 624033 | 2015-05-26 17:22:30 |         -124 |
| 288726956 |         112 | 624032 | 2015-05-26 17:22:25 |         -112 |
| 288715455 |         102 | 624031 | 2015-05-26 17:20:36 |         -102 |
| 288714238 |          93 | 624030 | 2015-05-26 17:20:24 |          -93 |
| 288713297 |          85 | 624029 | 2015-05-26 17:20:16 |          -85 |
| 288711868 |          77 | 624028 | 2015-05-26 17:20:02 |          -77 |
| 288708968 |          70 | 624027 | 2015-05-26 17:19:34 |          -70 |
| 288708352 |          63 | 624026 | 2015-05-26 17:19:28 |          -63 |
| 288707804 |          57 | 624025 | 2015-05-26 17:19:22 |          -57 |
| 288694384 |        52.6 | 624024 | 2015-05-26 17:17:13 |        -52.6 |
| 288693198 |          47 | 624023 | 2015-05-26 17:17:02 |          -47 |
| 288692220 |          45 | 624022 | 2015-05-26 17:16:52 |          -45 |
| 288690216 |          40 | 624021 | 2015-05-26 17:16:34 |          -40 |
| 288689165 |        35.9 | 624020 | 2015-05-26 17:16:24 |        -35.9 |
| 288685761 |        32.6 | 624019 | 2015-05-26 17:15:52 |        -32.6 |
| 288661634 |        29.7 | 624018 | 2015-05-26 17:12:16 |        -29.7 |
| 288660251 |          27 | 624017 | 2015-05-26 17:12:03 |          -27 |
| 288655443 |        24.5 | 624016 | 2015-05-26 17:11:21 |        -24.5 |
| 288652186 |        22.3 | 624015 | 2015-05-26 17:10:51 |        -22.3 |
| 288649166 |       20.32 | 624014 | 2015-05-26 17:10:23 |       -20.32 |
| 288648514 |     18.4767 | 624013 | 2015-05-26 17:10:18 |     -18.4767 |
| 288645997 |       16.79 | 624012 | 2015-05-26 17:09:55 |       -16.79 |
| 288645038 |       15.27 | 624011 | 2015-05-26 17:09:47 |       -15.27 |
| 288644310 |        13.8 | 624010 | 2015-05-26 17:09:41 |        -13.8 |
| 288642170 |       12.69 | 624009 | 2015-05-26 17:09:22 |       -12.69 |
| 288637638 |       11.74 | 624008 | 2015-05-26 17:08:43 |       -11.74 |
| 288636870 |       10.43 | 624007 | 2015-05-26 17:08:36 |       -10.43 |
| 288635936 |        9.45 | 624006 | 2015-05-26 17:08:27 |        -9.45 |
| 288633657 |         8.6 | 624005 | 2015-05-26 17:08:08 |         -8.6 |
| 288632932 |         7.8 | 624004 | 2015-05-26 17:08:01 |         -7.8 |
| 288632285 |         7.1 | 624003 | 2015-05-26 17:07:56 |         -7.1 |
| 288631122 |        6.47 | 624002 | 2015-05-26 17:07:45 |        -6.47 |
| 288630455 |        5.89 | 624001 | 2015-05-26 17:07:39 |        -5.89 |
| 288629111 |        5.28 | 624000 | 2015-05-26 17:07:28 |        -5.28 |
| 288628531 |         4.8 | 623999 | 2015-05-26 17:07:22 |         -4.8 |
| 288627854 |         4.2 | 623998 | 2015-05-26 17:07:17 |         -4.2 |
| 288627082 |         3.9 | 623997 | 2015-05-26 17:07:10 |         -3.9 |
| 288626470 |         3.3 | 623996 | 2015-05-26 17:07:05 |         -3.3 |
| 288625997 |           3 | 623995 | 2015-05-26 17:07:00 |           -3 |
| 288604513 |  1.19643925 | 623994 | 2015-05-26 17:03:46 |  -1.19643925 |
| 288604480 |  1.05227726 | 623993 | 2015-05-26 17:03:46 |  -1.05227726 |
| 288604435 |  0.92548572 | 623992 | 2015-05-26 17:03:45 |  -0.92548572 |
| 288604380 |  0.81397161 | 623991 | 2015-05-26 17:03:45 |  -0.81397161 |
| 288604343 |  0.71589411 | 623990 | 2015-05-26 17:03:45 |  -0.71589411 |
| 288604254 |  0.62963423 | 623989 | 2015-05-26 17:03:44 |  -0.62963423 |
| 288604246 |  0.55376801 | 623988 | 2015-05-26 17:03:44 |  -0.55376801 |
| 288604218 |   0.4870431 | 623987 | 2015-05-26 17:03:43 |   -0.4870431 |
| 288604149 |  0.42835805 | 623986 | 2015-05-26 17:03:43 |  -0.42835805 |
| 288604112 |  0.37674411 | 623985 | 2015-05-26 17:03:43 |  -0.37674411 |
| 288604038 |  0.33134926 | 623984 | 2015-05-26 17:03:42 |  -0.33134926 |
| 288604003 |  0.29142415 | 623983 | 2015-05-26 17:03:41 |  -0.29142415 |
| 288603944 |  0.25630972 | 623982 | 2015-05-26 17:03:41 |  -0.25630972 |
| 288603909 |  0.22542631 | 623981 | 2015-05-26 17:03:41 |  -0.22542631 |
| 288603835 |  0.19826413 | 623980 | 2015-05-26 17:03:40 |  -0.19826413 |
| 288603806 |  0.17437478 | 623979 | 2015-05-26 17:03:40 |  -0.17437478 |
| 288603788 |  0.15336393 | 623978 | 2015-05-26 17:03:39 |  -0.15336393 |
| 288603707 |  0.13488472 | 623977 | 2015-05-26 17:03:39 |  -0.13488472 |
| 288603684 |  0.11863212 | 623976 | 2015-05-26 17:03:38 |  -0.11863212 |
| 288603628 |  0.10433784 | 623975 | 2015-05-26 17:03:38 |  -0.10433784 |
| 288603587 |  0.09176591 | 623974 | 2015-05-26 17:03:38 |  -0.09176591 |
| 288603551 |   0.0807088 | 623973 | 2015-05-26 17:03:37 |   -0.0807088 |
| 288603480 |  0.07098399 | 623972 | 2015-05-26 17:03:37 |  -0.07098399 |
| 288603442 |  0.06243095 | 623971 | 2015-05-26 17:03:36 |  -0.06243095 |
| 288603367 |  0.05490849 | 623970 | 2015-05-26 17:03:36 |  -0.05490849 |
| 288603351 |  0.04829243 | 623969 | 2015-05-26 17:03:36 |  -0.04829243 |
| 288603281 |  0.04247355 | 623968 | 2015-05-26 17:03:35 |  -0.04247355 |
| 288603253 |  0.03735581 | 623967 | 2015-05-26 17:03:35 |  -0.03735581 |
| 288603220 |  0.03285471 | 623966 | 2015-05-26 17:03:34 |  -0.03285471 |
| 288603143 |  0.02889596 | 623965 | 2015-05-26 17:03:34 |  -0.02889596 |
| 288603115 |  0.02541422 | 623964 | 2015-05-26 17:03:34 |  -0.02541422 |
| 288603080 |  0.02235199 | 623963 | 2015-05-26 17:03:33 |  -0.02235199 |
| 288603027 |  0.01965874 | 623962 | 2015-05-26 17:03:33 |  -0.01965874 |
| 288602954 |  0.01729001 | 623961 | 2015-05-26 17:03:32 |  -0.01729001 |
| 288602927 |   0.0152067 | 623960 | 2015-05-26 17:03:32 |   -0.0152067 |
| 288602901 |   0.0133744 | 623959 | 2015-05-26 17:03:31 |   -0.0133744 |
| 288602847 |  0.01176289 | 623958 | 2015-05-26 17:03:31 |  -0.01176289 |
| 288602799 |  0.01034555 | 623957 | 2015-05-26 17:03:31 |  -0.01034555 |
| 288602725 |  0.00909899 | 623956 | 2015-05-26 17:03:30 |  -0.00909899 |
| 288602684 |  0.00800263 | 623955 | 2015-05-26 17:03:29 |  -0.00800263 |
| 288602622 |  0.00703837 | 623954 | 2015-05-26 17:03:29 |  -0.00703837 |
| 288602575 |   0.0061903 | 623953 | 2015-05-26 17:03:29 |   -0.0061903 |
| 288602514 |  0.00544441 | 623952 | 2015-05-26 17:03:28 |  -0.00544441 |
| 288602478 |   0.0047884 | 623951 | 2015-05-26 17:03:28 |   -0.0047884 |
| 288602404 |  0.00421144 | 623950 | 2015-05-26 17:03:27 |  -0.00421144 |
| 288602371 |  0.00370399 | 623949 | 2015-05-26 17:03:27 |  -0.00370399 |
| 288602299 |  0.00325769 | 623948 | 2015-05-26 17:03:26 |  -0.00325769 |
| 288602282 |  0.00286516 | 623947 | 2015-05-26 17:03:26 |  -0.00286516 |
| 288602233 |  0.00251993 | 623946 | 2015-05-26 17:03:25 |  -0.00251993 |
| 288602170 |   0.0022163 | 623945 | 2015-05-26 17:03:25 |   -0.0022163 |
| 288602130 |  0.00194925 | 623944 | 2015-05-26 17:03:24 |  -0.00194925 |
| 288602056 |  0.00171438 | 623943 | 2015-05-26 17:03:24 |  -0.00171438 |
| 288602021 |  0.00150781 | 623942 | 2015-05-26 17:03:23 |  -0.00150781 |
| 288601951 |  0.00132613 | 623941 | 2015-05-26 17:03:23 |  -0.00132613 |
| 288601922 |  0.00116634 | 623940 | 2015-05-26 17:03:22 |  -0.00116634 |
| 288601846 |  0.00102581 | 623939 | 2015-05-26 17:03:22 |  -0.00102581 |
| 288601819 |   0.0009022 | 623938 | 2015-05-26 17:03:22 |   -0.0009022 |
| 288601732 |  0.00079349 | 623937 | 2015-05-26 17:03:21 |  -0.00079349 |
| 288601680 |  0.00069788 | 623936 | 2015-05-26 17:03:20 |  -0.00069788 |
| 288601595 |  0.00061379 | 623935 | 2015-05-26 17:03:20 |  -0.00061379 |
| 288601561 |  0.00053984 | 623934 | 2015-05-26 17:03:19 |  -0.00053984 |
| 288601467 |  0.00047479 | 623933 | 2015-05-26 17:03:19 |  -0.00047479 |
| 288601384 |  0.00041758 | 623932 | 2015-05-26 17:03:18 |  -0.00041758 |
| 288601344 |  0.00036727 | 623931 | 2015-05-26 17:03:18 |  -0.00036727 |
| 288601255 |  0.00032301 | 623930 | 2015-05-26 17:03:17 |  -0.00032301 |
| 288601197 |  0.00028409 | 623929 | 2015-05-26 17:03:16 |  -0.00028409 |
| 288601113 |  0.00024986 | 623928 | 2015-05-26 17:03:16 |  -0.00024986 |
| 288601023 |  0.00021976 | 623927 | 2015-05-26 17:03:15 |  -0.00021976 |
| 288600968 |  0.00019328 | 623926 | 2015-05-26 17:03:14 |  -0.00019328 |
| 288600878 |  0.00016999 | 623925 | 2015-05-26 17:03:14 |  -0.00016999 |
| 288600799 |  0.00014951 | 623924 | 2015-05-26 17:03:13 |  -0.00014951 |
| 288600742 |  0.00013149 | 623923 | 2015-05-26 17:03:13 |  -0.00013149 |
| 288600657 |  0.00011565 | 623922 | 2015-05-26 17:03:12 |  -0.00011565 |
| 288600557 |  0.00010171 | 623921 | 2015-05-26 17:03:11 |  -0.00010171 |
| 288600483 |  0.00008946 | 623920 | 2015-05-26 17:03:10 |  -0.00008946 |
| 288600425 |  0.00007868 | 623919 | 2015-05-26 17:03:09 |  -0.00007868 |
| 288600339 |   0.0000692 | 623918 | 2015-05-26 17:03:09 |   -0.0000692 |
| 288600248 |  0.00006086 | 623917 | 2015-05-26 17:03:08 |  -0.00006086 |
| 288600164 |  0.00005353 | 623916 | 2015-05-26 17:03:07 |  -0.00005353 |
| 288600093 |  0.00004708 | 623915 | 2015-05-26 17:03:06 |  -0.00004708 |
| 288599980 |  0.00004141 | 623914 | 2015-05-26 17:03:05 |  -0.00004141 |
| 288599883 |  0.00003642 | 623913 | 2015-05-26 17:03:05 |  -0.00003642 |
| 288599787 |  0.00003203 | 623912 | 2015-05-26 17:03:04 |  -0.00003203 |
| 288599693 |  0.00002817 | 623911 | 2015-05-26 17:03:03 |  -0.00002817 |
| 288599625 |  0.00002477 | 623910 | 2015-05-26 17:03:02 |  -0.00002477 |
| 288599526 |  0.00002179 | 623909 | 2015-05-26 17:03:01 |  -0.00002179 |
| 288599435 |  0.00001916 | 623908 | 2015-05-26 17:03:01 |  -0.00001916 |
| 288599339 |  0.00001686 | 623907 | 2015-05-26 17:03:00 |  -0.00001686 |
| 288599283 |  0.00001482 | 623906 | 2015-05-26 17:02:59 |  -0.00001482 |
| 288599190 |  0.00001304 | 623905 | 2015-05-26 17:02:59 |  -0.00001304 |
| 288599098 |  0.00001147 | 623904 | 2015-05-26 17:02:58 |  -0.00001147 |
| 288599044 |  0.00001009 | 623903 | 2015-05-26 17:02:57 |  -0.00001009 |
| 288598954 |  0.00000887 | 623902 | 2015-05-26 17:02:56 |  -0.00000887 |
| 288598861 |   0.0000078 | 623901 | 2015-05-26 17:02:56 |   -0.0000078 |
| 288598772 |  0.00000686 | 623900 | 2015-05-26 17:02:55 |  -0.00000686 |
| 288598680 |  0.00000603 | 623899 | 2015-05-26 17:02:54 |  -0.00000603 |
| 288598630 |  0.00000531 | 623898 | 2015-05-26 17:02:53 |  -0.00000531 |
| 288598547 |  0.00000467 | 623897 | 2015-05-26 17:02:53 |  -0.00000467 |
| 288598449 |  0.00000411 | 623896 | 2015-05-26 17:02:52 |  -0.00000411 |
| 288598356 |  0.00000361 | 623895 | 2015-05-26 17:02:51 |  -0.00000361 |
| 288598288 |  0.00000318 | 623894 | 2015-05-26 17:02:50 |  -0.00000318 |
| 288598206 |  0.00000279 | 623893 | 2015-05-26 17:02:49 |  -0.00000279 |
| 288598113 |  0.00000246 | 623892 | 2015-05-26 17:02:49 |  -0.00000246 |
| 288598015 |  0.00000216 | 623891 | 2015-05-26 17:02:48 |  -0.00000216 |
| 288597953 |   0.0000019 | 623890 | 2015-05-26 17:02:47 |   -0.0000019 |
| 288597861 |  0.00000167 | 623889 | 2015-05-26 17:02:47 |  -0.00000167 |
| 288597768 |  0.00000147 | 623888 | 2015-05-26 17:02:46 |  -0.00000147 |
| 288597676 |  0.00000129 | 623887 | 2015-05-26 17:02:45 |  -0.00000129 |
| 288597611 |  0.00000114 | 623886 | 2015-05-26 17:02:44 |  -0.00000114 |
| 288597511 |    0.000001 | 623885 | 2015-05-26 17:02:43 |    -0.000001 |
| 288597409 |  0.00004708 | 623884 | 2015-05-26 17:02:43 |    0.0004708 |
+-----------+-------------+--------+---------------------+--------------+

Looks like he lost 3000 Clam which is like 15 BTC. But looking at the chart, it looks like he started from 0. So did he actually lose any money or break-even?

[unholycactus]

Martingale works or not, really not a bad question but everyone ( really everyone ) has his own ideas and hard to justify any.

I have another exhibit:



I put it to you that no, martingale doesn't really works.

Who knows that the next bet may have won ? really hard to tell if martingale will work or not, someone who can tell us this is our luck

What if you're out of money?

It would work if you had infinite amount of funds (if you do contact me, I could use some). So no, martingale doesn't work over the long run.

[unholycactus]

Over the last 2 or 3 weeks we had a guy at Just-Dice running 40 bots, all betting dust at 9% chance of winning, looking for long losing streaks. When a bit bot hit a streak of 100 or so losses in a row, it would stop and alert the guy, who would then take over and bet at 9% manually, increasing the stake by about 10% each roll.

It worked very well for 22.5 million rolls, and then this happened:



Yet another great example of how martingale works great until it doesn't!

Here's the losing streak - 163 losses in a row at 9%:

+-----------+-------------+--------+---------------------+--------------+
| betid     | stake       | nonce  | date                | profit       |
+-----------+-------------+--------+---------------------+--------------+
| 288885197 | 665.5725013 | 624047 | 2015-05-26 17:53:48 | -665.5725013 |
| 288800430 |         456 | 624046 | 2015-05-26 17:35:03 |         -456 |
| 288783401 |         389 | 624045 | 2015-05-26 17:32:21 |         -389 |
| 288776320 |         353 | 624044 | 2015-05-26 17:31:10 |         -353 |
| 288775555 |         321 | 624043 | 2015-05-26 17:31:02 |         -321 |
| 288774117 |         292 | 624042 | 2015-05-26 17:30:46 |         -292 |
| 288766501 |         265 | 624041 | 2015-05-26 17:29:29 |         -265 |
| 288765121 |         242 | 624040 | 2015-05-26 17:29:14 |         -242 |
| 288764230 |         220 | 624039 | 2015-05-26 17:29:04 |         -220 |
| 288763146 |         200 | 624038 | 2015-05-26 17:28:53 |         -200 |
| 288762441 |       181.5 | 624037 | 2015-05-26 17:28:46 |       -181.5 |
| 288732561 |         165 | 624036 | 2015-05-26 17:23:19 |         -165 |
| 288731425 |         150 | 624035 | 2015-05-26 17:23:08 |         -150 |
| 288728042 |         136 | 624034 | 2015-05-26 17:22:35 |         -136 |
| 288727508 |         124 | 624033 | 2015-05-26 17:22:30 |         -124 |
| 288726956 |         112 | 624032 | 2015-05-26 17:22:25 |         -112 |
| 288715455 |         102 | 624031 | 2015-05-26 17:20:36 |         -102 |
| 288714238 |          93 | 624030 | 2015-05-26 17:20:24 |          -93 |
| 288713297 |          85 | 624029 | 2015-05-26 17:20:16 |          -85 |
| 288711868 |          77 | 624028 | 2015-05-26 17:20:02 |          -77 |
| 288708968 |          70 | 624027 | 2015-05-26 17:19:34 |          -70 |
| 288708352 |          63 | 624026 | 2015-05-26 17:19:28 |          -63 |
| 288707804 |          57 | 624025 | 2015-05-26 17:19:22 |          -57 |
| 288694384 |        52.6 | 624024 | 2015-05-26 17:17:13 |        -52.6 |
| 288693198 |          47 | 624023 | 2015-05-26 17:17:02 |          -47 |
| 288692220 |          45 | 624022 | 2015-05-26 17:16:52 |          -45 |
| 288690216 |          40 | 624021 | 2015-05-26 17:16:34 |          -40 |
| 288689165 |        35.9 | 624020 | 2015-05-26 17:16:24 |        -35.9 |
| 288685761 |        32.6 | 624019 | 2015-05-26 17:15:52 |        -32.6 |
| 288661634 |        29.7 | 624018 | 2015-05-26 17:12:16 |        -29.7 |
| 288660251 |          27 | 624017 | 2015-05-26 17:12:03 |          -27 |
| 288655443 |        24.5 | 624016 | 2015-05-26 17:11:21 |        -24.5 |
| 288652186 |        22.3 | 624015 | 2015-05-26 17:10:51 |        -22.3 |
| 288649166 |       20.32 | 624014 | 2015-05-26 17:10:23 |       -20.32 |
| 288648514 |     18.4767 | 624013 | 2015-05-26 17:10:18 |     -18.4767 |
| 288645997 |       16.79 | 624012 | 2015-05-26 17:09:55 |       -16.79 |
| 288645038 |       15.27 | 624011 | 2015-05-26 17:09:47 |       -15.27 |
| 288644310 |        13.8 | 624010 | 2015-05-26 17:09:41 |        -13.8 |
| 288642170 |       12.69 | 624009 | 2015-05-26 17:09:22 |       -12.69 |
| 288637638 |       11.74 | 624008 | 2015-05-26 17:08:43 |       -11.74 |
| 288636870 |       10.43 | 624007 | 2015-05-26 17:08:36 |       -10.43 |
| 288635936 |        9.45 | 624006 | 2015-05-26 17:08:27 |        -9.45 |
| 288633657 |         8.6 | 624005 | 2015-05-26 17:08:08 |         -8.6 |
| 288632932 |         7.8 | 624004 | 2015-05-26 17:08:01 |         -7.8 |
| 288632285 |         7.1 | 624003 | 2015-05-26 17:07:56 |         -7.1 |
| 288631122 |        6.47 | 624002 | 2015-05-26 17:07:45 |        -6.47 |
| 288630455 |        5.89 | 624001 | 2015-05-26 17:07:39 |        -5.89 |
| 288629111 |        5.28 | 624000 | 2015-05-26 17:07:28 |        -5.28 |
| 288628531 |         4.8 | 623999 | 2015-05-26 17:07:22 |         -4.8 |
| 288627854 |         4.2 | 623998 | 2015-05-26 17:07:17 |         -4.2 |
| 288627082 |         3.9 | 623997 | 2015-05-26 17:07:10 |         -3.9 |
| 288626470 |         3.3 | 623996 | 2015-05-26 17:07:05 |         -3.3 |
| 288625997 |           3 | 623995 | 2015-05-26 17:07:00 |           -3 |
| 288604513 |  1.19643925 | 623994 | 2015-05-26 17:03:46 |  -1.19643925 |
| 288604480 |  1.05227726 | 623993 | 2015-05-26 17:03:46 |  -1.05227726 |
| 288604435 |  0.92548572 | 623992 | 2015-05-26 17:03:45 |  -0.92548572 |
| 288604380 |  0.81397161 | 623991 | 2015-05-26 17:03:45 |  -0.81397161 |
| 288604343 |  0.71589411 | 623990 | 2015-05-26 17:03:45 |  -0.71589411 |
| 288604254 |  0.62963423 | 623989 | 2015-05-26 17:03:44 |  -0.62963423 |
| 288604246 |  0.55376801 | 623988 | 2015-05-26 17:03:44 |  -0.55376801 |
| 288604218 |   0.4870431 | 623987 | 2015-05-26 17:03:43 |   -0.4870431 |
| 288604149 |  0.42835805 | 623986 | 2015-05-26 17:03:43 |  -0.42835805 |
| 288604112 |  0.37674411 | 623985 | 2015-05-26 17:03:43 |  -0.37674411 |
| 288604038 |  0.33134926 | 623984 | 2015-05-26 17:03:42 |  -0.33134926 |
| 288604003 |  0.29142415 | 623983 | 2015-05-26 17:03:41 |  -0.29142415 |
| 288603944 |  0.25630972 | 623982 | 2015-05-26 17:03:41 |  -0.25630972 |
| 288603909 |  0.22542631 | 623981 | 2015-05-26 17:03:41 |  -0.22542631 |
| 288603835 |  0.19826413 | 623980 | 2015-05-26 17:03:40 |  -0.19826413 |
| 288603806 |  0.17437478 | 623979 | 2015-05-26 17:03:40 |  -0.17437478 |
| 288603788 |  0.15336393 | 623978 | 2015-05-26 17:03:39 |  -0.15336393 |
| 288603707 |  0.13488472 | 623977 | 2015-05-26 17:03:39 |  -0.13488472 |
| 288603684 |  0.11863212 | 623976 | 2015-05-26 17:03:38 |  -0.11863212 |
| 288603628 |  0.10433784 | 623975 | 2015-05-26 17:03:38 |  -0.10433784 |
| 288603587 |  0.09176591 | 623974 | 2015-05-26 17:03:38 |  -0.09176591 |
| 288603551 |   0.0807088 | 623973 | 2015-05-26 17:03:37 |   -0.0807088 |
| 288603480 |  0.07098399 | 623972 | 2015-05-26 17:03:37 |  -0.07098399 |
| 288603442 |  0.06243095 | 623971 | 2015-05-26 17:03:36 |  -0.06243095 |
| 288603367 |  0.05490849 | 623970 | 2015-05-26 17:03:36 |  -0.05490849 |
| 288603351 |  0.04829243 | 623969 | 2015-05-26 17:03:36 |  -0.04829243 |
| 288603281 |  0.04247355 | 623968 | 2015-05-26 17:03:35 |  -0.04247355 |
| 288603253 |  0.03735581 | 623967 | 2015-05-26 17:03:35 |  -0.03735581 |
| 288603220 |  0.03285471 | 623966 | 2015-05-26 17:03:34 |  -0.03285471 |
| 288603143 |  0.02889596 | 623965 | 2015-05-26 17:03:34 |  -0.02889596 |
| 288603115 |  0.02541422 | 623964 | 2015-05-26 17:03:34 |  -0.02541422 |
| 288603080 |  0.02235199 | 623963 | 2015-05-26 17:03:33 |  -0.02235199 |
| 288603027 |  0.01965874 | 623962 | 2015-05-26 17:03:33 |  -0.01965874 |
| 288602954 |  0.01729001 | 623961 | 2015-05-26 17:03:32 |  -0.01729001 |
| 288602927 |   0.0152067 | 623960 | 2015-05-26 17:03:32 |   -0.0152067 |
| 288602901 |   0.0133744 | 623959 | 2015-05-26 17:03:31 |   -0.0133744 |
| 288602847 |  0.01176289 | 623958 | 2015-05-26 17:03:31 |  -0.01176289 |
| 288602799 |  0.01034555 | 623957 | 2015-05-26 17:03:31 |  -0.01034555 |
| 288602725 |  0.00909899 | 623956 | 2015-05-26 17:03:30 |  -0.00909899 |
| 288602684 |  0.00800263 | 623955 | 2015-05-26 17:03:29 |  -0.00800263 |
| 288602622 |  0.00703837 | 623954 | 2015-05-26 17:03:29 |  -0.00703837 |
| 288602575 |   0.0061903 | 623953 | 2015-05-26 17:03:29 |   -0.0061903 |
| 288602514 |  0.00544441 | 623952 | 2015-05-26 17:03:28 |  -0.00544441 |
| 288602478 |   0.0047884 | 623951 | 2015-05-26 17:03:28 |   -0.0047884 |
| 288602404 |  0.00421144 | 623950 | 2015-05-26 17:03:27 |  -0.00421144 |
| 288602371 |  0.00370399 | 623949 | 2015-05-26 17:03:27 |  -0.00370399 |
| 288602299 |  0.00325769 | 623948 | 2015-05-26 17:03:26 |  -0.00325769 |
| 288602282 |  0.00286516 | 623947 | 2015-05-26 17:03:26 |  -0.00286516 |
| 288602233 |  0.00251993 | 623946 | 2015-05-26 17:03:25 |  -0.00251993 |
| 288602170 |   0.0022163 | 623945 | 2015-05-26 17:03:25 |   -0.0022163 |
| 288602130 |  0.00194925 | 623944 | 2015-05-26 17:03:24 |  -0.00194925 |
| 288602056 |  0.00171438 | 623943 | 2015-05-26 17:03:24 |  -0.00171438 |
| 288602021 |  0.00150781 | 623942 | 2015-05-26 17:03:23 |  -0.00150781 |
| 288601951 |  0.00132613 | 623941 | 2015-05-26 17:03:23 |  -0.00132613 |
| 288601922 |  0.00116634 | 623940 | 2015-05-26 17:03:22 |  -0.00116634 |
| 288601846 |  0.00102581 | 623939 | 2015-05-26 17:03:22 |  -0.00102581 |
| 288601819 |   0.0009022 | 623938 | 2015-05-26 17:03:22 |   -0.0009022 |
| 288601732 |  0.00079349 | 623937 | 2015-05-26 17:03:21 |  -0.00079349 |
| 288601680 |  0.00069788 | 623936 | 2015-05-26 17:03:20 |  -0.00069788 |
| 288601595 |  0.00061379 | 623935 | 2015-05-26 17:03:20 |  -0.00061379 |
| 288601561 |  0.00053984 | 623934 | 2015-05-26 17:03:19 |  -0.00053984 |
| 288601467 |  0.00047479 | 623933 | 2015-05-26 17:03:19 |  -0.00047479 |
| 288601384 |  0.00041758 | 623932 | 2015-05-26 17:03:18 |  -0.00041758 |
| 288601344 |  0.00036727 | 623931 | 2015-05-26 17:03:18 |  -0.00036727 |
| 288601255 |  0.00032301 | 623930 | 2015-05-26 17:03:17 |  -0.00032301 |
| 288601197 |  0.00028409 | 623929 | 2015-05-26 17:03:16 |  -0.00028409 |
| 288601113 |  0.00024986 | 623928 | 2015-05-26 17:03:16 |  -0.00024986 |
| 288601023 |  0.00021976 | 623927 | 2015-05-26 17:03:15 |  -0.00021976 |
| 288600968 |  0.00019328 | 623926 | 2015-05-26 17:03:14 |  -0.00019328 |
| 288600878 |  0.00016999 | 623925 | 2015-05-26 17:03:14 |  -0.00016999 |
| 288600799 |  0.00014951 | 623924 | 2015-05-26 17:03:13 |  -0.00014951 |
| 288600742 |  0.00013149 | 623923 | 2015-05-26 17:03:13 |  -0.00013149 |
| 288600657 |  0.00011565 | 623922 | 2015-05-26 17:03:12 |  -0.00011565 |
| 288600557 |  0.00010171 | 623921 | 2015-05-26 17:03:11 |  -0.00010171 |
| 288600483 |  0.00008946 | 623920 | 2015-05-26 17:03:10 |  -0.00008946 |
| 288600425 |  0.00007868 | 623919 | 2015-05-26 17:03:09 |  -0.00007868 |
| 288600339 |   0.0000692 | 623918 | 2015-05-26 17:03:09 |   -0.0000692 |
| 288600248 |  0.00006086 | 623917 | 2015-05-26 17:03:08 |  -0.00006086 |
| 288600164 |  0.00005353 | 623916 | 2015-05-26 17:03:07 |  -0.00005353 |
| 288600093 |  0.00004708 | 623915 | 2015-05-26 17:03:06 |  -0.00004708 |
| 288599980 |  0.00004141 | 623914 | 2015-05-26 17:03:05 |  -0.00004141 |
| 288599883 |  0.00003642 | 623913 | 2015-05-26 17:03:05 |  -0.00003642 |
| 288599787 |  0.00003203 | 623912 | 2015-05-26 17:03:04 |  -0.00003203 |
| 288599693 |  0.00002817 | 623911 | 2015-05-26 17:03:03 |  -0.00002817 |
| 288599625 |  0.00002477 | 623910 | 2015-05-26 17:03:02 |  -0.00002477 |
| 288599526 |  0.00002179 | 623909 | 2015-05-26 17:03:01 |  -0.00002179 |
| 288599435 |  0.00001916 | 623908 | 2015-05-26 17:03:01 |  -0.00001916 |
| 288599339 |  0.00001686 | 623907 | 2015-05-26 17:03:00 |  -0.00001686 |
| 288599283 |  0.00001482 | 623906 | 2015-05-26 17:02:59 |  -0.00001482 |
| 288599190 |  0.00001304 | 623905 | 2015-05-26 17:02:59 |  -0.00001304 |
| 288599098 |  0.00001147 | 623904 | 2015-05-26 17:02:58 |  -0.00001147 |
| 288599044 |  0.00001009 | 623903 | 2015-05-26 17:02:57 |  -0.00001009 |
| 288598954 |  0.00000887 | 623902 | 2015-05-26 17:02:56 |  -0.00000887 |
| 288598861 |   0.0000078 | 623901 | 2015-05-26 17:02:56 |   -0.0000078 |
| 288598772 |  0.00000686 | 623900 | 2015-05-26 17:02:55 |  -0.00000686 |
| 288598680 |  0.00000603 | 623899 | 2015-05-26 17:02:54 |  -0.00000603 |
| 288598630 |  0.00000531 | 623898 | 2015-05-26 17:02:53 |  -0.00000531 |
| 288598547 |  0.00000467 | 623897 | 2015-05-26 17:02:53 |  -0.00000467 |
| 288598449 |  0.00000411 | 623896 | 2015-05-26 17:02:52 |  -0.00000411 |
| 288598356 |  0.00000361 | 623895 | 2015-05-26 17:02:51 |  -0.00000361 |
| 288598288 |  0.00000318 | 623894 | 2015-05-26 17:02:50 |  -0.00000318 |
| 288598206 |  0.00000279 | 623893 | 2015-05-26 17:02:49 |  -0.00000279 |
| 288598113 |  0.00000246 | 623892 | 2015-05-26 17:02:49 |  -0.00000246 |
| 288598015 |  0.00000216 | 623891 | 2015-05-26 17:02:48 |  -0.00000216 |
| 288597953 |   0.0000019 | 623890 | 2015-05-26 17:02:47 |   -0.0000019 |
| 288597861 |  0.00000167 | 623889 | 2015-05-26 17:02:47 |  -0.00000167 |
| 288597768 |  0.00000147 | 623888 | 2015-05-26 17:02:46 |  -0.00000147 |
| 288597676 |  0.00000129 | 623887 | 2015-05-26 17:02:45 |  -0.00000129 |
| 288597611 |  0.00000114 | 623886 | 2015-05-26 17:02:44 |  -0.00000114 |
| 288597511 |    0.000001 | 623885 | 2015-05-26 17:02:43 |    -0.000001 |
| 288597409 |  0.00004708 | 623884 | 2015-05-26 17:02:43 |    0.0004708 |
+-----------+-------------+--------+---------------------+--------------+

Looks like he lost 3000 Clam which is like 15 BTC. But looking at the chart, it looks like he started from 0. So did he actually lose any money or break-even?

You can't possibly start from 0, think about it for a second.

[romano1]

Martingale works or not, really not a bad question but everyone ( really everyone ) has his own ideas and hard to justify any.

I have another exhibit:



I put it to you that no, martingale doesn't really works.

Who knows that the next bet may have won ? really hard to tell if martingale will work or not, someone who can tell us this is our luck

What if you're out of money?

It would work if you had infinite amount of funds (if you do contact me, I could use some). So no, martingale doesn't work over the long run.

It works for some and it doesnt work for some, but yeah overall it doesnt work

[myohmy81]

Gamble is just luck

[chriswen]

Looks like he lost 3000 Clam which is like 15 BTC. But looking at the chart, it looks like he started from 0. So did he actually lose any money or break-even?

You can't possibly start from 0, think about it for a second.

He started with 0 profit.