Quote from: NorrisK on October 21, 2016, 06:19:55 AM

Quote from: iv4n on November 10, 2015, 08:54:35 PM

This is opposite from topic "How much can u win with gambling?". Well I`m on zero again, I`m looking how much I can win with gambling but actually I`m tryin to calculate how much can i lose. It`s always small amout`s but after many times this several small amount`s becoming one big one. There is some crazy stories on internet about people that have it all in one moment...
http://www.telegraph.co.uk/men/active/mens-health/10976770/Online-gambling-how-I-lost-my-wife-children-and-750000.html
And this guy started with almost nothing and made almost $500,000 gambling with Bitcoin, then he lost it all in about 60 seconds. https://www.reddit.com/r/IAmA/comments/1ch7wb/

So pretty simple question, how much can YOU lose with gambling?

This is a perfect example that shows that martingale is not a winning system and if luck turns the other way, you can lose so much more than you tried to win in the first place (the 100 usd was his payout).

To answer the question of how much you can lose with gambling? It's simple, you can lose it all.

Depends on how you are emotionally and how disciplined you are though. If you can stick to strategy, you will never lose more than you planned beforehand.

For newbie they think martingale can give them an advantage but in reality, it will not work especially if you are using that playing dice games. The only way you can use martingale is if you are doing it in sports betting as there's no way a good team will have a losing streak like 10 times in a row.