Martingale System

[boymilk]

Please read any book on Martingale - the system relies on small bets that are repeated over and over.  it's very monotonous.  You can very easily come out ahead, but you don't win big like you would if you pressed your earnings.

They have books written about this?

Why anyone would write (or buy) a book about a "system" that doesn't work is beyond me.

[1715308771]

1715308771

[1715308771]

1715308771

[1715308771]

1715308771

[zimmah]

Martingale system sucks due to the 1% house. So don't do it.

No matter which system you use, the house edge stays the same. However with martingale you either win big or lose bigger.

With flat bets you either win small or lose small.

So its all about the amount of risk you like to take.

Please read any book on Martingale - the system relies on small bets that are repeated over and over.  it's very monotonous.  You can very easily come out ahead, but you don't win big like you would if you pressed your earnings.

They have books written about this?

Why anyone would write (or buy) a book about a "system" that doesn't work is beyond me.

Peope make money with selling scams all the time, selling a book about martingale is no dofferent.

[Draculea]

if you wanna beat the casino, go to card games, blackjack and poker mostly. Not roulette, not dices, no martingale


Even a brand new user like me knows that

[zimmah]

brand new to bitcoin maybe, not brand new to statistical probability most likely.

you'd be amazed how few people know about probability.

[Rapido]

Probability is a tricky branch of mathematics. But once you mastered it you will be highly regarded and could earn lots of money with it.

[Harley997]

Please read any book on Martingale - the system relies on small bets that are repeated over and over.  it's very monotonous.  You can very easily come out ahead, but you don't win big like you would if you pressed your earnings.

They have books written about this?

Why anyone would write (or buy) a book about a "system" that doesn't work is beyond me.

it isn't so much a "system" but rather a probability concept

[Minnlo]

Please read any book on Martingale - the system relies on small bets that are repeated over and over.  it's very monotonous.  You can very easily come out ahead, but you don't win big like you would if you pressed your earnings.

They have books written about this?

Why anyone would write (or buy) a book about a "system" that doesn't work is beyond me.

And to your surprise, there are more than one person in the service section asking people to "invest" in them, because they have a "winning strategy" in dice games.

[TheDragonSlayer]

Martingale system works only if you have unlimited fund, but if you have unlimited fund you don't need to gamble.

[Harley997]

Martingale system works only if you have unlimited fund, but if you have unlimited fund you don't need to gamble.

It does not work as anytime you will every gamble the "house" will have some kind of edge. This is how they make money and why they provide their "service" of allowing you to gamble away your money.

[VeroPossumus]

So if martingale is literally gambling i wont bother trying it. Gambling never worked for me.

[DrG]

Why is this thread so popular?    People looking for easy money.

Amazon has a couple of good reads on betting systems, I read one on the way to Vegas once and laughed.

If you want to win, find a casino off the strip and play single or double deck blackjack.

I am no longer allowed to gamble at Bellagio or it's affiliates, I'll just leave it at that 

[Chemistry1988]

I am no longer allowed to gamble at Bellagio or it's affiliates, I'll just leave it at that 

Hope it is because you win too much with your skills, rather than getting caught of cheating lol.

[unpure]

No system can guarantee you profit from casino.

[scribbles]

No matter which system you use, the house edge stays the same. However with martingale you either win big or lose bigger.

Not true - you do not win big with the Martingale system, do the math. As you keep doubling down you are only ahead by the amount of your original bet. So when you finally win, you only win the amount of the first bet. When you lose, you can lose your entire bankroll. Since people can't seem to understand this on this thread, here is an example following the Martingale system (doubling your bet after every loss):

Bet 1: 5
Result: Lose
Loss/profit so far: -5

Bet 2: 10
Result: Lose
Loss/profit so far: -15

Bet 3: 20
Result: Lose
Loss/profit so far: -35

Bet 4: 40
Result: Lose
Loss/profit so far: -75

Bet 5: 80
Result: Lose
Loss/profit so far: -155

Bet 6: 160
Result: Win
Loss/profit so far: 5


So you can see that you end up putting down bets as high as 160 (and risking over 300) just to earn 5 in the end. And if the bet maximum would have been 100 for example, this person would have been screwed, just to try and earn 5.

Martingale is a crap system. End this thread.

[cech4204a]

Why is this thread so popular?    People looking for easy money.

Amazon has a couple of good reads on betting systems, I read one on the way to Vegas once and laughed.

If you want to win, find a casino off the strip and play single or double deck blackjack.

I am no longer allowed to gamble at Bellagio or it's affiliates, I'll just leave it at that 

Bitcoin gambling went on fire, that's why it's popular. Can you explain why you are banned from Bellagio ? Do they use only 4 sets of cars for Blackjack?

[zimmah]

No matter which system you use, the house edge stays the same. However with martingale you either win big or lose bigger.

Not true - you do not win big with the Martingale system, do the math. As you keep doubling down you are only ahead by the amount of your original bet. So when you finally win, you only win the amount of the first bet. When you lose, you can lose your entire bankroll. Since people can't seem to understand this on this thread, here is an example following the Martingale system (doubling your bet after every loss):

Bet 1: 5
Result: Lose
Loss/profit so far: -5

Bet 2: 10
Result: Lose
Loss/profit so far: -15

Bet 3: 20
Result: Lose
Loss/profit so far: -35

Bet 4: 40
Result: Lose
Loss/profit so far: -75

Bet 5: 80
Result: Lose
Loss/profit so far: -155

Bet 6: 160
Result: Win
Loss/profit so far: 5


So you can see that you end up putting down bets as high as 160 (and risking over 300) just to earn 5 in the end. And if the bet maximum would have been 100 for example, this person would have been screwed, just to try and earn 5.

Martingale is a crap system. End this thread.

What i mean is that for example if you would have 1000 persons and each of these 1000 persons would have $255 and they make bets of $1 and use martingale. And each person would make 100 bets, than either they would make about $50 or they would lose everything. If you combines all the value than the net. result is a loss (if we assume a house edge). But some of the individuals may have gained a large profit, much larger than anyone could ever get by betting flat rate.

What i am saying is that the expected profit with any system or betting pattern does not increase, but that does not mean the distribution does not change. In fact all the martingale system does is increase the spread of the distribution moving it from a normal distribution to something else entirely.



as you can clearly see, both the chance of winning as well as the amount won increases a lot by using martingale, however the downside is that when you lose, you lose big. While with flat betting you either lose a little or win a little, the results are much more controlled. However no matter which system you use the expected profit is ALWAYS 100%-house edge

[mezmerizer9]

What about the freedogeco.in? you get about 5-6 doge and betting with martingale wouldn't be so bad. Min bet to be like 0.02 or safer 0.001 and leave the bot to loop over night. Lesser chances to go bankrupt and there is a chance on the long runs.

[DannyElfman]

Martingale will fail every time. But once, on some free PrimeDice rolls, I grinded it up to over .15 (from like .02) and eventually turned it into > 1 BTC from trading alts.

[moreia]

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.

No it is not worth a try at all....
think about it, after three losses you are risking 8x your base bet just to win that amount
if you are going to martingale, start smaller and use 2.5x payouts so at least the more you lose, the more you win unlike martingale you simply win your base bet amount

[ranochigo]

What about the freedogeco.in? you get about 5-6 doge and betting with martingale wouldn't be so bad. Min bet to be like 0.02 or safer 0.001 and leave the bot to loop over night. Lesser chances to go bankrupt and there is a chance on the long runs.

Your returns would be too low, one doge is around 60 satoshis, at this rate you can make around 100Satoshi, if you are fast with a very very high chance of busting. In the long run nothing works, the house edge there is even higher than other places.