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Author Topic: Martingale System  (Read 11343 times)
mezmerizer9
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June 19, 2014, 01:25:29 AM
 #21

is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.

I had tried martingale on freebitco.in and made a good profit to almost 100k satoshi in a day. The next day i played again and guess what, i ended up with zero balance.

Now i m giving up and quit.

I lost about 270k, they have fixed game, like every other casino, they wont let you leave them bankrupt.


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1580319856
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ranochigo
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June 19, 2014, 02:18:02 AM
 #22

is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.

I had tried martingale on freebitco.in and made a good profit to almost 100k satoshi in a day. The next day i played again and guess what, i ended up with zero balance.

Now i m giving up and quit.

I lost about 270k, they have fixed game, like every other casino, they wont let you leave them bankrupt.
There's a reason why they included the gambling part in their faucet and ads.

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June 19, 2014, 04:37:27 AM
 #23

I really suggest everyone not to do martingale since it's not working, but if you do it, than try using empty prerolls. Make X number of bets with 0 bet ammount and than start your martingale normaly.

Bitcoin is DEAD
boumalo
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June 20, 2014, 07:48:57 AM
 #24

I really suggest everyone not to do martingale since it's not working, but if you do it, than try using empty prerolls. Make X number of bets with 0 bet ammount and than start your martingale normaly.

That won't change your odds such as your betting pattern won't change your strategy it will change your variance and your perception on your losses/winnings

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June 20, 2014, 08:10:42 AM
 #25

I really suggest everyone not to do martingale since it's not working, but if you do it, than try using empty prerolls. Make X number of bets with 0 bet ammount and than start your martingale normaly.

That won't change your odds such as your betting pattern won't change your strategy it will change your variance and your perception on your losses/winnings
Also, none of the bets influence each other. It is impossible for a sure win after a 19 lose streak, for example.

coinmasters
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June 20, 2014, 08:44:58 AM
 #26

I dont belive in this.
bitcoinforhelp
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June 20, 2014, 08:57:29 AM
 #27

tried this, worked on non scam play money casinos (not real money)
in reality this will not work
boumalo
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June 20, 2014, 10:12:05 AM
 #28

I dont belive in this.

You don't believe there is a simple system available to anyone that allows you to become extremely rich in a matter of days without any efforts? Grin Grin

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June 20, 2014, 11:34:23 AM
 #29

always same its just about luck
because you will win in first session but you can lose all in next session, if you want try your luck go ahead, but for me it's too enough for playing gamble for earn bitcoin

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June 20, 2014, 12:17:51 PM
 #30


Quote
Thanks for this. i'll try this system but will not push to the limit.  Smiley 

It's not a system. It's a strategy. For every 10+ wins in a row there's an equal chance of losing 10x.
Say you're betting 1000 doge. If you need to overcome 10 losses it'll cost over 500,000 ...
boumalo
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June 20, 2014, 01:36:48 PM
 #31


Quote
Thanks for this. i'll try this system but will not push to the limit.  Smiley 

It's not a system. It's a strategy. For every 10+ wins in a row there's an equal chance of losing 10x.
Say you're betting 1000 doge. If you need to overcome 10 losses it'll cost over 500,000 ...

There is no gambling strategy that gives you better odds of beating the house

I don't understand your explanation anyway

mezmerizer9
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June 20, 2014, 01:48:16 PM
 #32


Quote
Thanks for this. i'll try this system but will not push to the limit.  Smiley 

It's not a system. It's a strategy. For every 10+ wins in a row there's an equal chance of losing 10x.
Say you're betting 1000 doge. If you need to overcome 10 losses it'll cost over 500,000 ...

There is no gambling strategy that gives you better odds of beating the house

I don't understand your explanation anyway


Yep, if you're using some betting system, just stop when you're in profit or you will lose all.


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Balls
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June 20, 2014, 02:58:14 PM
 #33

Martingale works if you've got a lot of money and know to quit when ahead. If you bet 1 satoshi each time and have 1btc in the bank you can keep going until you get a decent win. Obviously just dont keep going or you'll loose at some point  Cheesy.
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June 20, 2014, 03:05:55 PM
 #34

You serious ?
If it was guaranteed we would all be millionaires...

You may win.. say $10k... then go again.. win another $10k... then go again and lose it all...

Do not do it...  its silly.. unless you have unlimited bank roll, which I am guessing you don't.

If you just want to have a bit of fun give it a go, but if you win. stop.... i repeat.. stop!

is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.

boumalo
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June 20, 2014, 03:30:47 PM
 #35

You serious ?
If it was guaranteed we would all be millionaires...

You may win.. say $10k... then go again.. win another $10k... then go again and lose it all...

Do not do it...  its silly.. unless you have unlimited bank roll, which I am guessing you don't.

If you just want to have a bit of fun give it a go, but if you win. stop.... i repeat.. stop!

is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.

The fun about Martingale is to think it works so we are ruining the fun of many players, I almost feel bad Tongue

And don't stop when you won a lot; do one more bet to double up Grin

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June 20, 2014, 03:39:42 PM
 #36


Quote
Thanks for this. i'll try this system but will not push to the limit.  Smiley 

It's not a system. It's a strategy. For every 10+ wins in a row there's an equal chance of losing 10x.
Say you're betting 1000 doge. If you need to overcome 10 losses it'll cost over 500,000 ...
Not fully equal, there's something called variance, if you lose the first one, it doesn't mean you can have a 50% chance of winning the next one, you have in fact, less chance since you have to consider about the percentage of the house edge, which can be from 1% to 2%.

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June 20, 2014, 04:20:53 PM
 #37

Yes it is fun to let them think it works if you or I run a Casino.
I do not.. lol.. assuming you do not either yeah ?


You serious ?
If it was guaranteed we would all be millionaires...

You may win.. say $10k... then go again.. win another $10k... then go again and lose it all...

Do not do it...  its silly.. unless you have unlimited bank roll, which I am guessing you don't.

If you just want to have a bit of fun give it a go, but if you win. stop.... i repeat.. stop!

is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.

The fun about Martingale is to think it works so we are ruining the fun of many players, I almost feel bad Tongue

And don't stop when you won a lot; do one more bet to double up Grin

makebitcoin
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June 20, 2014, 04:56:22 PM
 #38

In reality the results is you either win a few bet units or lose whole your bankroll. You won't have fun. Just play a normal strategy.
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June 20, 2014, 05:36:08 PM
 #39

i'm not too sure about freebitco.in, i have not checked it out. but as others have mentioned, martingale will always fail....

A freedom fighter. Stop all your bull shit !
boumalo
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June 20, 2014, 06:15:41 PM
 #40


Quote
Thanks for this. i'll try this system but will not push to the limit.  Smiley 

It's not a system. It's a strategy. For every 10+ wins in a row there's an equal chance of losing 10x.
Say you're betting 1000 doge. If you need to overcome 10 losses it'll cost over 500,000 ...
Not fully equal, there's something called variance, if you lose the first one, it doesn't mean you can have a 50% chance of winning the next one, you have in fact, less chance since you have to consider about the percentage of the house edge, which can be from 1% to 2%.

Variance doesn't mean casino edge

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