Everyone who has been a part of any gambling site must have tried martingale. so i just wanted to know your experience that have u ever gained profit from martingale? or its name should be changed to martinfail?
Lol yeah indeed, it should be renamed to martinfail
I have tried martingale several times and always lose while using that methodIt really doesn't work, let's just depend on luck
Just like gambling in general, that is why we do it. With Martingale you are more likely to win in the short term than anything else. The problem is no one is good at the short term and eventually, you get beat. It is going to happen!
But you are not really more likely to win at short time, if you could always win at short term then you should win at long term too and that is not possible.
That is the gamblers fallacy. Just because you win in the short term does not mean you are going to win long term. This is why casinos have a house edge. You might win in the start, the more and more you play the more likely you are to get some bad streaks/or equal to the house edge. You are definitely more likely to win in the short term at Martingale, but if you hit 1 big lose streak, game over!
No, you are wrong, that is not the gamblers fallacy and you are wrong thinking martingale works at short term because it doesnt, the term does not matter, no strategy works at short, mid or long term.