Quote from: tonyja2017 on March 04, 2019, 10:08:37 AM

Quote from: valheru on March 03, 2019, 11:44:50 PM

Martingale is a betting method. Each time you lose, you must put double the amount of the bet. I'll try to explain it easily.
Suppose that we playing roulette. We put 20$ on the red and we lose. We should put 40$ at this turn. We lose again and put 80$. İf we lose this again we should put 160$.
Last turn we won and now we have 160$ profit. let's calculate;
first turn: -20 $
second turn: -40$
third turn: -80$
total = -140$.

fourth turn: +160$.

160$ - 140$ = 20$ net profit.

looks like a nice method, doesn't it?

Assume that we have lost 8 consecutive times. every lost will double the bet amount that we will put. calculate;

1. -20$
2. -40$
3. -80$
4. -160$
5. -320$
6. -640$
7. -1280$
8. -2560$
Total = -5100$
Now we have to 5120$ to make a profit at the ninth turn.

9. +5120$

5120$ - 5100$ = 20$ net profit.

We started with a small amount as 20 dollars, but if we lose 8 times, the amount will be really high to put on the bet.
It's not hard to lose eight consecutive times. I have experienced and seen many times

but if you have a lot of money and trust yourself is a very profitable and beautiful method, I've made a lot of profits with martingale and I'm still doing this method sometimes at gambling.

This is really a risky strategy. It is only for people with lots of money and courage. I really don't like betting because I think there is a fraud system and wallet so we can't win.
I know you have won Martingale but you will not anticipate the risks it brings. Stop playing and preserve your money. betting never makes us rich. Wink

You called it a risky strategy but in the gambling sphere it is called martingale strategy because thats the way things goes with martingale system but the fact about the game is that concept behind it is pretty simple and easy to win. However, the risk involving is high.

Mind you, there's no fraud in gambling business and it logical that the house will win but not always.

OP, this thread ought to be in gambling section.