Armed
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July 12, 2014, 12:10:47 PM |
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yesterday I was betting on red (roulette), got 14 blacks in a row
don't do martingale with the money you can't afford to lose..
I did something similar last time I played roulette...
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Bogleg
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July 12, 2014, 12:58:30 PM |
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yesterday I was betting on red (roulette), got 14 blacks in a row
don't do martingale with the money you can't afford to lose..
It is guarantee to happen if you play long enough.
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Shogen
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Activity: 966
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July 12, 2014, 01:22:54 PM |
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yesterday I was betting on red (roulette), got 14 blacks in a row
don't do martingale with the money you can't afford to lose..
Such streak is rare, but not so rare if you bet repeatedly for thousands of times.
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HarHarHar9965
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July 15, 2014, 05:53:04 PM |
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Martingale is good for free money, but I wouldn't risk anything. Risking too much for too little gain.
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PangPang
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July 16, 2014, 03:27:56 PM |
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Martingale is good for free money, but I wouldn't risk anything. Risking too much for too little gain.
Nah, even for free money (say, PD happy hour), I would just make some 100x bets rather than using martingale.
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smith coins
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October 07, 2014, 03:38:57 AM |
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someone tried martingale in dice
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virtualx
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October 07, 2014, 10:33:13 AM |
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I ran several simulations of the systems for dice. Martingale is a system with a lot of risk. There are systems which have less risk but still a decent payout.
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mezmerizer9
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October 07, 2014, 11:12:54 AM |
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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.
Trust me, I've tried it and no, far from good. I've also tried it with FreeDoge.co.in, using only 0.001 doge as a starting bet but it still doesn't work.
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$erver-X
Member
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October 07, 2014, 12:04:14 PM |
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As i allready explained somewhere , martingale is not a good system enough, since you have to have like 100 BTC to be able to make 0.001 per day with a really fast script to be on the safe side.
There are a lot of people that can confirm that 34 streaks (non winning numbers) happened , now to transform that in numbers:
1-0.00000001 2-0.00000002 3-0.00000004 4-0.00000008 5-0.00000016 6-0.00000032 7-0.00000064 8-0.00000128 9-0.00000256 10-0.00000512 11-0.00001024 12-0.00002048 13-0.00004096 14-0.00008192 15-0.00016384 16-0.00032768 17-0.00065536 18-0.00131072 19-0.00262144 20-0.00524288 21-0.01048576 22-0.02097152 23-0.04194304 24-0.08388608 25-0.16777216 26-0.33554432 27-0.67108864 28-1.34217728 29-2.68435456 30-5.36870912 31-10.73741824 32-21.47483648 33-42.94967296 34-85.89934592
Sum till this bet is 171.79869183 BTC, Are you still sure you want to do martingale?
and if you win last bet total profit =1 satoshi
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BigBill
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October 07, 2014, 01:04:35 PM |
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Martingale System is for veeeery rich person. In this system you will win only on paper.
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MellisaBTC
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October 07, 2014, 02:25:18 PM |
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Martingale System is for veeeery rich person. In this system you will win only on paper.
Nah, most gambling site have max bet so
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DogecoinMachine
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www.Crypto.Games: Multiple Games, Multiple Coins
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October 07, 2014, 07:00:47 PM |
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If you're betting on red, and black falls 30 times. On 31. bet you still have 50% chance to win/lose! Martingale do not work.
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iluvpie60
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October 07, 2014, 07:08:14 PM |
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Nope. take it from someone who lost 7 btc(not all at once either). Honestly you know you are going to win and you know you are going to lose at some point right? The chances of you losing 3 times in a row at an 85% chance to win are very low, what I usually did was bet at the 85% chance to win level, do a bunch of .00000010 bets then if i had 2 or 3 losses in a row do a .001 bet and a super majority of the time i would win it.
The only issue is that eventually you trick yourself into betting .1 and 1.0 BTC, thats when it starts to get out of control and you can lose it all very fast. If your really want to win you could sit there for hours like i did. I easily turned .1 btc into 2 btc before doing t his type of thing. I call it "timing your losses". Out of like 30,000 bets at that level i only ever lost 4 times in a row a few times. if you lose 3 times in a row its almost a gaurnteed win to bet big(but thats how i lost it all cuz i got tooo greedy). if i would have stuck to what i did and slowly make money i would have been better off, but it is extremely boring and takes a massive amount of time. if you start with .1 btc it might take you an hour to turn it into .2 btc but with the way i did it it honestly mostly works. good luck and dont do a big bet! just keep your big bet to like .001 and u will never risk losing it all, it is a lot easier to recover from losing .001 than it is to recover from losing 7 btc!
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JoelKatz
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October 07, 2014, 07:27:08 PM |
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I ran several simulations of the systems for dice. Martingale is a system with a lot of risk. There are systems which have less risk but still a decent payout.
If you found high risk in progressive betting systems like Martingale then you are doing it very, very wrong. You can make the risk as low as you want with Martingale. That is its whole point. The one actual benefit to progressive betting systems like Martingale is that you can make the risk arbitrarily low. The tradeoff, of course, is that the amount you win gets very, very small relative to the amount that you lose. The math is what it is. The house always has an edge proportional to the total amount you bet.
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drmundo
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October 07, 2014, 08:04:43 PM |
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yeah it only works if you have a infinite bank roll.
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drmundo
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October 07, 2014, 08:06:24 PM |
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Its better do do 1 BTC @ 97% every so often.
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dagi
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October 08, 2014, 07:47:39 AM |
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yeah it only works if you have a infinite bank roll.
btc max bank roll is just 21M
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BigBill
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October 08, 2014, 08:09:35 AM |
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Martingale System is for veeeery rich person. In this system you will win only on paper.
Nah, most gambling site have max bet so This is one of the biggest problem of this system. Next one is that we need a huge bankroll.
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ranochigo
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October 08, 2014, 09:39:54 AM |
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Martingale System is for veeeery rich person. In this system you will win only on paper.
Nah, most gambling site have max bet so This is one of the biggest problem of this system. Next one is that we need a huge bankroll. Huge bankroll is infinite. You will lose in the long run no matter what. Varience ensures that you don't get the same amount of win and loses, you will eventually hit a very long streak and there goes your bankroll. Also, the house edge decreases your likelyhood of winning.
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BigBill
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October 08, 2014, 09:53:01 AM |
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Martingale System is for veeeery rich person. In this system you will win only on paper.
Nah, most gambling site have max bet so This is one of the biggest problem of this system. Next one is that we need a huge bankroll. Huge bankroll is infinite. You will lose in the long run no matter what. Varience ensures that you don't get the same amount of win and loses, you will eventually hit a very long streak and there goes your bankroll. Also, the house edge decreases your likelyhood of winning. 100% right. That is way I prefer the d'alembert system. There is less profit but our bankroll is more safe.
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