Martingale System

[CEG5952]

Martin gale will work on small ammounts on a big balance. Just quit whilst you're ahead and don't get greedy.

Not really, you can also bust on the first few rounds, even if you have a big balance, the risk is actually higher here.

This gambling system works so that you must take ever escalating risks to potentially receive a small reward that does not increase with your increased risk.

You can certainly run up small amounts, though. I wouldn't risk much. But I've made good gains on Martingale, taking profit early always. Sure, my luck could turn though, but at this point, I only bet with pure profit.

[Cicero2.0]

Just mak sur eyou martingale at the dice sites I am invested in. 

[ranochigo]

Martin gale will work on small ammounts on a big balance. Just quit whilst you're ahead and don't get greedy.

Not really, you can also bust on the first few rounds, even if you have a big balance, the risk is actually higher here.

This gambling system works so that you must take ever escalating risks to potentially receive a small reward that does not increase with your increased risk.

It isn't worth is to use 1BTC to get 1 satoshi. If you actually want to use it to make a decent profit, example, 0.01, you can bust within the first few rounds, variance occurs so you might get a very bad streak immediately.

[HarHarHar9965]

Martingale is good for free money, but I wouldn't risk anything. Risking too much for too little gain.

[ranochigo]

Martingale is good for free money, but I wouldn't risk anything. Risking too much for too little gain.

It actually isn't that good for free money, you can bust within a short amount of time, before you get any profit and if you do get a little profit, it isn't actually a lot unless you do it in the long run which is risky. You can get greedy and lose it all.

[InwardContour]

Martin gale will work on small ammounts on a big balance. Just quit whilst you're ahead and don't get greedy.

Not really, you can also bust on the first few rounds, even if you have a big balance, the risk is actually higher here.

This gambling system works so that you must take ever escalating risks to potentially receive a small reward that does not increase with your increased risk.

It isn't worth is to use 1BTC to get 1 satoshi. If you actually want to use it to make a decent profit, example, 0.01, you can bust within the first few rounds, variance occurs so you might get a very bad streak immediately.

Depending on where you start with your betting then you could very well do essentially this. Your maximum reward will be the amount of your original bet, however you need to double your bet every time time you lose your bet.

[Maged]

Martin gale will work on small ammounts on a big balance. Just quit whilst you're ahead and don't get greedy.

If the very first bet fails, and you keep doubling down as per the system you could very well lose your betting cap and not have made a single satoshi.

If you're going to gamble, just place the damn bets independently and enjoy it responsibly.  Don't try to out-hink a system which is stacked against you.

Exactly. Whenever I tell people how much I'm up from dice games, they seem to think that it's impossible that I did that without using some kind of "system". All I did was bet what I was comfortable with at whatever odds I felt like playing at.

Want to know the secret about gambling? Variance is important, as it is the only way you can win against the house edge. The easiest way to have high variance is to only play a few times and then stop completely.

[Dr. Pepper]

Martin gale will work on small ammounts on a big balance. Just quit whilst you're ahead and don't get greedy.

Not really, you can also bust on the first few rounds, even if you have a big balance, the risk is actually higher here.

This gambling system works so that you must take ever escalating risks to potentially receive a small reward that does not increase with your increased risk.

It isn't worth is to use 1BTC to get 1 satoshi. If you actually want to use it to make a decent profit, example, 0.01, you can bust within the first few rounds, variance occurs so you might get a very bad streak immediately.

But you won't just win 1 satoshi. You could start betting 1 satoshi each time but if you've got a 1btc balance eventually you'll have a big loosing streak and eventually win where you make a little profit. Rinse and repeat.

[DrG]

Martin gale will work on small ammounts on a big balance. Just quit whilst you're ahead and don't get greedy.

Not really, you can also bust on the first few rounds, even if you have a big balance, the risk is actually higher here.

This gambling system works so that you must take ever escalating risks to potentially receive a small reward that does not increase with your increased risk.

It isn't worth is to use 1BTC to get 1 satoshi. If you actually want to use it to make a decent profit, example, 0.01, you can bust within the first few rounds, variance occurs so you might get a very bad streak immediately.

But you won't just win 1 satoshi. You could start betting 1 satoshi each time but if you've got a 1btc balance eventually you'll have a big loosing streak and eventually win where you make a little profit. Rinse and repeat.

2^23 and that 1BTC is gone.  It most likely won't happen on the first bet, but it very well could.  The fact you fail to understand odds is saddening.  Whatever the final exit limit is can be calculated at 2^(X-1) - X is the number of times you can fail before loosing everything.

This is the reason casinos have table limits to keep absurdity out.

[Neg]

What does 2^23 mean? 23 loses and you're cleaned out?

[DrG]

What does 2^23 mean? 23 loses and you're cleaned out?

23 sequential losses in a row and you're cleaned out.

First loss lose 1, double it to 2
Second loss lose 2, double it to 4 (you lost 3 total)
Third loss lose 4, double it to 8 (you lost 7 total).

You keep going until you reach your max hoping you'll win and "rinse and repeat" as noted above.  It works if you only want to bet a few times and have lots to risk, but as noted before you're doing a reverse lottery - risking a lot for a little gain which many would say is stupid.

If you're going to gamble, just gamble and enjoy. Don't think you can beat math.

[zimmah]

What does 2^23 mean? 23 loses and you're cleaned out?

at 23 losses you'd lose 2^23-1 your initial bet

2^23= 8.388.608 by the way

so, if you would bet 1 satoshi and lose 23 bets in a row, you'd be betting 0.08388608 just to win 1 satoshi. (with 49.5/50.5 chance to win/lose)

if you have a bankroll of 1 bitcoin you could fail a maximum of 25 times before you go bankrupt, assuming your initial bet is a single satoshi.

first bet = 1 satoshi
second bet = 2 satoshi
third bet = 4 satoshi
4th = 8
5th = 16
6th = 32
7th = 64
.....
10th = 512
......
20th = 524288 satoshi
25th = 33554432 satoshi

total = 67108863 satoshi (0.67108863 bitcoin)

[Dr. Pepper]

Martin gale will work on small ammounts on a big balance. Just quit whilst you're ahead and don't get greedy.

Not really, you can also bust on the first few rounds, even if you have a big balance, the risk is actually higher here.

This gambling system works so that you must take ever escalating risks to potentially receive a small reward that does not increase with your increased risk.

It isn't worth is to use 1BTC to get 1 satoshi. If you actually want to use it to make a decent profit, example, 0.01, you can bust within the first few rounds, variance occurs so you might get a very bad streak immediately.

But you won't just win 1 satoshi. You could start betting 1 satoshi each time but if you've got a 1btc balance eventually you'll have a big loosing streak and eventually win where you make a little profit. Rinse and repeat.

2^23 and that 1BTC is gone.  It most likely won't happen on the first bet, but it very well could.  The fact you fail to understand odds is saddening.  Whatever the final exit limit is can be calculated at 2^(X-1) - X is the number of times you can fail before loosing everything.

This is the reason casinos have table limits to keep absurdity out.

I know the odds and I didn't say it was foolproof. You're unlikely to hit 23 loses for a while and obviously you take the gamble that this wont happen on your first rounds. Get greedy and gamble all day and you'll most certainly lose out.

[Neg]

What does 2^23 mean? 23 loses and you're cleaned out?

at 23 losses you'd lose 2^23-1 your initial bet

2^23= 8.388.608 by the way

so, if you would bet 1 satoshi and lose 23 bets in a row, you'd be betting 0.08388608 just to win 1 satoshi. (with 49.5/50.5 chance to win/lose)

if you have a bankroll of 1 bitcoin you could fail a maximum of 25 times before you go bankrupt, assuming your initial bet is a single satoshi.

first bet = 1 satoshi
second bet = 2 satoshi
third bet = 4 satoshi
4th = 8
5th = 16
6th = 32
7th = 64
.....
10th = 512
......
20th = 524288 satoshi
25th = 33554432 satoshi

total = 67108863 satoshi (0.67108863 bitcoin)

Yeah thought that's what it meant. Thanks.

[hilariousandco]

People seem to think they're not going to lose 10+ bets in a row but the longer you play the more likely this is to happen. Martingale most certainly isn't a magic money making scheme and most people learn that the hard way.

[Rapido]

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.

dont try martingale for long term i'v try a couple time on many site if you use for longterm you loss everything because system can read your trick
so if you want try it on short term i hope you have luck with this method

I've also tried in on long term using a script and after a while i start losing, what do you think on how much time before the system knows if i am using this system? 

[ranochigo]

Martin gale will work on small ammounts on a big balance. Just quit whilst you're ahead and don't get greedy.

Not really, you can also bust on the first few rounds, even if you have a big balance, the risk is actually higher here.

This gambling system works so that you must take ever escalating risks to potentially receive a small reward that does not increase with your increased risk.

It isn't worth is to use 1BTC to get 1 satoshi. If you actually want to use it to make a decent profit, example, 0.01, you can bust within the first few rounds, variance occurs so you might get a very bad streak immediately.

But you won't just win 1 satoshi. You could start betting 1 satoshi each time but if you've got a 1btc balance eventually you'll have a big loosing streak and eventually win where you make a little profit. Rinse and repeat.

I know the odds and I didn't say it was foolproof. You're unlikely to hit 23 loses for a while and obviously you take the gamble that this wont happen on your first rounds. Get greedy and gamble all day and you'll most certainly lose out.

2^23 and that 1BTC is gone.  It most likely won't happen on the first bet, but it very well could.  The fact you fail to understand odds is saddening.  Whatever the final exit limit is can be calculated at 2^(X-1) - X is the number of times you can fail before loosing everything.

This is the reason casinos have table limits to keep absurdity out.

Are you the type who can risk 1BTC for 1 satoshi? Maximum you can get is 0.001 which have a huge risk of busting before that. Once, I used 0.01BTC to win 0.07BTC. And you know what happened almost immediately after I started my 9th round with 0.02? Bust within minutes, with the same odds, same amount of starting bet and increased bankroll. It can bust within a few minutes after you start the game, imagine how long it takes to earn 0.001

[ranochigo]

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.

dont try martingale for long term i'v try a couple time on many site if you use for longterm you loss everything because system can read your trick
so if you want try it on short term i hope you have luck with this method

I've also tried in on long term using a script and after a while i start losing, what do you think on how much time before the system knows if i am using this system? 

Gambling sites predetermined bets and show you the encrypted hash. They cannot change the result when you roll. If you want to have more security, use a unique client seed. The fact that you lose in the long run is because variance occurs and long losing streaks are almost guaranteed to happen.

[hilariousandco]

Are you the type who can risk 1BTC for 1 satoshi? Maximum you can get is 0.001 which have a huge risk of busting before that. Once, I used 0.01BTC to win 0.07BTC. And you know what happened almost immediately after I started my 9th round with 0.02? Bust within minutes, with the same odds, same amount of starting bet and increased bankroll. It can bust within a few minutes after you start the game, imagine how long it takes to earn 0.001

Well couldn't you say that about all gambling? Are you willing to risk 1btc for 1 btc, 0.10 for 0.30 etc. People try use the Martingale and start off with small amounts because they think it's less of a risk, and in the short term it usually is, but it's knowing when to quit/cash out.

[ranochigo]

Are you the type who can risk 1BTC for 1 satoshi? Maximum you can get is 0.001 which have a huge risk of busting before that. Once, I used 0.01BTC to win 0.07BTC. And you know what happened almost immediately after I started my 9th round with 0.02? Bust within minutes, with the same odds, same amount of starting bet and increased bankroll. It can bust within a few minutes after you start the game, imagine how long it takes to earn 0.001

Well couldn't you say that about all gambling? Are you willing to risk 1btc for 1 btc, 0.10 for 0.30 etc. People try use the Martingale and start off with small amounts because they think it's less of a risk, and in the short term it usually is, but it's knowing when to quit/cash out.

But for most small amounts, it usually cannot make a decent profit, subtracting the fees. Most people usually want at least 1% of profit before quitting , this can take some time.