Does martingale really works?

[JoelKatz]

Martingale works only for short term.The longer you play, the more likely you are to lose, because the longer you play, the more likely you are to lose several bets in a row and then run out of money or run up against the table limit. In fact, if we use the example above with an eight-hour session, then our chances of winning with the Martingale are only 38%. (Our chances with flat-betting $5 every time are 22%.)
Source ~vegasClick

That's not Martingale's fault though, that's the fault of the person who choose to use Martingale that way. The whole point of progressive betting systems is to arrange your betting so that your probability of winning is very high. When you choose to use a progressive betting system, you should know three things:

1) How much you will win, if you do win.
2) How much you will lose, if you do lose.
3) What the probability is that you will win.

If you like these three numbers, then play. If you don't, don't play. But if you play without knowing those numbers, or play with numbers you don't like, you're just a fool.

[GannickusX]

how much losing in a row if i use 95% chance to win in dice? possible up to 10x ?

Loosing 10 times in a row at 95% is 0.000000000009766% chance which equals 1 in a Quadrillion which is definitely not likely to happen ahah but its not going to work, at 95% you would have to multiply by 20 if you lose once to regain what you lost, the min you can bet is 0.000001, after 1 loss you would have to bet 0.00002 and after loosing twice 0.0004, at your 10th loss you would have to bet around 100 btc

[aysha9859]

i was lost a lot of money/coin when i try martingale. but when am i start to try fibonacci, i gain a bit more. and im playing fibonacci system. its my system. i think everybody must made own system. because you know only how much you want to earn and your own risk. try this.

[vrm86]

Martingale does not work in the long-run.
No matter what initial capital you have and what bet size you set, to double your initial capital you always have to play such amount of games that your chance for loosing everything = 1.

example:
50% chances for win/loose
You decide to bet 5 satoshi and you have capital that lets you loose 20x in a row (5242560 satoshi)

Statisticaly you will loose every 1048576 games and you have to play 1048512 games to double your initial capital.

My record was loosing 21 times in a row, that is nothing special when you play hundreds thounsands games

[real789]

Martingale not work 100% on Gambling
but i try in Trading That Awesome for me 

buy rate 700(0.1BTC) 500(0.2BTC) 300 (0.3BTC) That Very Very more LOSt in GRID

[BTCevo]

Martingale does not work in the long-run.
No matter what initial capital you have and what bet size you set, to double your initial capital you always have to play such amount of games that your chance for loosing everything = 1.

example:
50% chances for win/loose
You decide to bet 5 satoshi and you have capital that lets you loose 20x in a row (5242560 satoshi)

Statisticaly you will loose every 1048576 games and you have to play 1048512 games to double your initial capital.

My record was loosing 21 times in a row, that is nothing special when you play hundreds thounsands games

Martingale sure is not a long-term, it always depends on your luck too, although that you set to 90% doesnt mean that every 10 roll you will loss 1 times, you can loss 10 times or even more continously so its better to get more capital and play save, not to be greedy so you wont loss all of your money. Btw I did lose on 55 streaks that is my best record  

[real789]

Martingale does not work in the long-run.
No matter what initial capital you have and what bet size you set, to double your initial capital you always have to play such amount of games that your chance for loosing everything = 1.

example:
50% chances for win/loose
You decide to bet 5 satoshi and you have capital that lets you loose 20x in a row (5242560 satoshi)

Statisticaly you will loose every 1048576 games and you have to play 1048512 games to double your initial capital.

My record was loosing 21 times in a row, that is nothing special when you play hundreds thounsands games

Martingale sure is not a long-term, it always depends on your luck too, although that you set to 90% doesnt mean that every 10 roll you will loss 1 times, you can loss 10 times or even more continously so its better to get more capital and play save, not to be greedy so you wont loss all of your money. Btw I did lose on 55 streaks that is my best record  

Martingle is work for BIG CAPITAL only

[Leonberg]

Martingale works atleast for me. Needs only patience

[arallmuus]

Martingale is work for BIG CAPITAL only

Seriously this is not always the case as the probability for you to lose is the same as having a small bankroll to play but with bigger bankroll you will be able to sustain more lost for your martingale . However you should note that even if you are having a big bankroll to play with martingale, at some point you will lose because each site has their own maximum win amount which will prevent your martingale strategy to keep doubling the wager amount

P.S : thought I have mentioned this few times though, seems pretty dejavu. People should note that having big bankroll will not turn martingale into a "godly" strategy or so  

Wrong, it needs huge bankroll

Read above

[Leonberg]

Martingale works atleast for me. Needs only patience

Wrong, it needs huge bankroll, small base bet & good strategy (martingale)
But, without luck. All of them will become useless

I think you didnt understand my post, i said "atleast for me" so i guess i wont be wrong on that statement :p

[panjul07]

Martingale works atleast for me. Needs only patience

Wrong, it needs huge bankroll, small base bet & good strategy (martingale)
But, without luck. All of them will become useless

You missed the most important thing "maximum winning" on a single bet.
Huge bankroll and great LUCK is nothing when you meet the maximum winning. So, you will always busted with martingale except there is no maximum winning on the site.

[jones techbit]

I like how everyone tries methods, but fails at math so bad.  No matter how much you increase your odds(Which Martingale does) your odds are not favorable, if they were, Casinos wouldn't be in existence.  All the money would go to the players and we would all be rich.

[GiocareHost]

I like how everyone tries methods, but fails at math so bad.  No matter how much you increase your odds(Which Martingale does) your odds are not favorable, if they were, Casinos wouldn't be in existence.  All the money would go to the players and we would all be rich.

The method does not always fails but our greed doesn't let it work.We always try to win big.We neglect our balance and ignore the maths while using martingale.Only if all the Gamster's knew when to stop!

[fkvidar]

I really think the folks arguing here would get more out of it if they would just stop and read the wikipedia article on martingale betting strategy.

[Btree]

I really think the folks arguing here would get more out of it if they would just stop and read the wikipedia article on martingale betting strategy.

are you have another strategy besides martingale ?

[the_reprobate]

I really think the folks arguing here would get more out of it if they would just stop and read the wikipedia article on martingale betting strategy.

are you have another strategy besides martingale ?

it doesn't matter if you use other strategies if you won't stop betting then most likely its going to fail

[Btree]

I really think the folks arguing here would get more out of it if they would just stop and read the wikipedia article on martingale betting strategy.

are you have another strategy besides martingale ?

it doesn't matter if you use other strategies if you won't stop betting then most likely its going to fail

I agree we must stop if we profit

[Astargath]

I really think the folks arguing here would get more out of it if they would just stop and read the wikipedia article on martingale betting strategy.

are you have another strategy besides martingale ?

it doesn't matter if you use other strategies if you won't stop betting then most likely its going to fail

I agree we must stop if we profit

You must stop to gamble if you dont want to lose money, besides how do you know when to stop? If you are betting 1 satoshi are you going to stop at +1 satoshi profit? And if you make a goal how can you know you wont bust before you reach it?

[muhrohmat]

im not gonna trow numbers but marting gale its a worst aproax to profit in possibility of doulbe money that the regular 49% i could show my computed tests

[the_reprobate]

I really think the folks arguing here would get more out of it if they would just stop and read the wikipedia article on martingale betting strategy.

are you have another strategy besides martingale ?

it doesn't matter if you use other strategies if you won't stop betting then most likely its going to fail

I agree we must stop if we profit

You must stop to gamble if you dont want to lose money, besides how do you know when to stop? If you are betting 1 satoshi are you going to stop at +1 satoshi profit? And if you make a goal how can you know you wont bust before you reach it?

who the hell would want a 1 satoshi profit? Observe Sensus Communis