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DannyElfman
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August 09, 2014, 11:44:02 PM |
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I made from 0.3 -> 5 BTC in 10 hours with martingale on PrimeDice.
It were so freakin crazy.. that "ride" raised my total wagered to 113 BTC.
Then I cashed out and lost it all back 3 weeks later..
My highest bet were around 1.25 BTC.
Martingale is always a losing strategy in the long-run.. if you don't have unlimited money supply.
If you have unlimited money supply, why would you need "More" money? You already have unlimited. Also, no, even then, the expected value is still negaive. |
This spot for rent.
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dooglus
Legendary
 Offline
Activity: 2940
Merit: 1330
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August 10, 2014, 01:28:21 AM |
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Yea, but in "theory" martingale would work if you have a unlimited money supply. But not on PrimeDice  Martingale only works if you have unlimited money AND no house limit. Since every reputable casino has a house limit, having infinite money isn't enough! |
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waterpile
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August 10, 2014, 02:05:52 AM |
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martingale will fail you. I've used that when i start gambling and it only busts me in the end
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militiariko
Member
Offline
Activity: 297
Merit: 10
Life is beautiful !
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August 11, 2014, 11:33:31 AM |
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somebody says if we play much will loss much and vice versa. with martingale or not
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guizai
Member
Offline
Activity: 82
Merit: 10
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August 11, 2014, 12:08:05 PM |
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martingale dont not really work on long run.. just need to know when to stop and dont be greedy  |
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Predict27
Member
Offline
Activity: 66
Merit: 10
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August 11, 2014, 12:14:51 PM |
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martingale dont not really work on long run.. just need to know when to stop and dont be greedy Agree, especially if you are willing to use martingale system in online casino, you can lost 20 more times in a row so don't even try It, and in a short run yes you can win so when you made some profit leave. |
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deisik
Legendary
Offline
Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
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August 11, 2014, 03:49:29 PM |
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I made from 0.3 -> 5 BTC in 10 hours with martingale on PrimeDice.
It were so freakin crazy.. that "ride" raised my total wagered to 113 BTC.
Then I cashed out and lost it all back 3 weeks later..
My highest bet were around 1.25 BTC.
Martingale is always a losing strategy in the long-run.. if you don't have unlimited money supply.
If you have unlimited money supply, why would you need "More" money? You already have unlimited. What about the thrill to ruin the casino?  |
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sidhujag
Legendary
Offline
Activity: 2044
Merit: 1005
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August 12, 2014, 06:24:44 AM |
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I made from 0.3 -> 5 BTC in 10 hours with martingale on PrimeDice.
It were so freakin crazy.. that "ride" raised my total wagered to 113 BTC.
Then I cashed out and lost it all back 3 weeks later..
My highest bet were around 1.25 BTC.
Martingale is always a losing strategy in the long-run.. if you don't have unlimited money supply.
If you have unlimited money supply, why would you need "More" money? You already have unlimited. What about the thrill to ruin the casino? Do you know who runs the big casinos? |
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Holdaaja
Legendary
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Activity: 1274
Merit: 1000
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August 12, 2014, 06:43:37 AM |
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It sure works.
If you have unlimited funds and casino has no bet limits.
Otherwise not for long, usually.
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deisik
Legendary
Offline
Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
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August 12, 2014, 07:07:50 AM |
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I made from 0.3 -> 5 BTC in 10 hours with martingale on PrimeDice.
It were so freakin crazy.. that "ride" raised my total wagered to 113 BTC.
Then I cashed out and lost it all back 3 weeks later..
My highest bet were around 1.25 BTC.
Martingale is always a losing strategy in the long-run.. if you don't have unlimited money supply.
If you have unlimited money supply, why would you need "More" money? You already have unlimited. What about the thrill to ruin the casino? Do you know who runs the big casinos? No, I don't. But surely it doesn't matter much for him who has an unlimited supply of money... |
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Hfleer
Sr. Member
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Activity: 448
Merit: 250
Changing avatars is currently not possible.
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August 12, 2014, 07:10:10 AM |
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Even with unlimited money, you can't kill a casino that uses the kelly criterion. You can simulate that with computers. (Casinos without limits is a different story)
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Wendigo
Legendary
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Activity: 2604
Merit: 1036
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August 12, 2014, 07:13:12 AM |
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I had a losing sequence of 17 bets over 50 so yeah it doesn't work in the long term.
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deisik
Legendary
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Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
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August 12, 2014, 07:53:45 AM
Last edit: August 12, 2014, 12:00:51 PM by deisik |
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Even with unlimited money, you can't kill a casino that uses the kelly criterion. You can simulate that with computers. (Casinos without limits is a different story)
With unlimited money you can just buy the casino and then still kill it! |
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Hfleer
Sr. Member
Offline
Activity: 448
Merit: 250
Changing avatars is currently not possible.
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August 12, 2014, 09:24:15 AM |
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Even with unlimited money, you can't kill a casino that uses the kelly criterion. You can simulate that with computers. (Casinos without limits is a different story)
With unlimited money you can buy the casino and then still kill it! Haha. Thinking outside of the box. Still martingale never works. Not even in theory. |
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rogerdonkey
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August 12, 2014, 10:15:57 AM |
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martingale sometimes work if u have many bitcoin
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militiariko
Member
Offline
Activity: 297
Merit: 10
Life is beautiful !
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August 12, 2014, 11:28:19 AM |
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if you win. it just your luck. use martiangale or not. your fortune winning you at that time
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deisik
Legendary
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Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
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August 12, 2014, 12:34:11 PM |
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Even with unlimited money, you can't kill a casino that uses the kelly criterion. You can simulate that with computers. (Casinos without limits is a different story)
With unlimited money you can buy the casino and then still kill it! Haha. Thinking outside of the box. Still martingale never works. Not even in theory.It may not work in theory, but could work out in practice...  |
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Spearmint
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Activity: 112
Merit: 10
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August 12, 2014, 12:59:16 PM |
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Aslong as you got enough money and patience it usually works alright, but for me with out the patience and the money it hasnt worked wonders  |
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ranochigo
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Activity: 2982
Merit: 4193
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August 12, 2014, 01:05:26 PM |
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Aslong as you got enough money and patience it usually works alright, but for me with out the patience and the money it hasnt worked wonders The enough money is usually infinite. It totally depends on the varience, whether you are going to hit a long streak within a period of time or not. In the long term, you should run out of money as the streak is probably going to be as long as 20-30. |
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donguan
Newbie
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Activity: 19
Merit: 0
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August 12, 2014, 01:52:31 PM |
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Aslong as you got enough money and patience it usually works alright, but for me with out the patience and the money it hasnt worked wonders i don`t have patience how much patience do you need?? |
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