Quote from: virasog on March 28, 2020, 04:21:08 PM

Quote from: Casdinyard on March 28, 2020, 11:54:17 AM

In short, is the martingale strategy in betting in such gambling games such as roulette and dice do really is effective strategy? For example, what if you are winning, and every time you win, you double your bets, and basically apply the martingale strategy, which is to double your bet when you lose.

Would that make a huge impact to your funds? I haven't tried it so far, but for me, I don't that is really effective as if we lose, we aren't really going to win right after, because there is still a possibility of losing once again.

The problem with this strategy is that if you keep on losing and every time you double your bet money, it will make your lose even more. And if you have limited budget, you will soon end up with shortage of funds for this investing double every time. This may work sometimes but one day it will make you lose all your money.

This martingale strategy can be applicable to those small games or low betting games but yes it is good to double your bet to regain the loss but it is not that easy unless you are really lucky because once you lose again you just add up another loss to your losses which is not a good idea especially if you don't have enough budget or money. I am not against in the martingale strategy but I won't do this strategy if i am in the midst of losing because there's a high or more chances of losing than winning for me. Also, when you gamble think first a good strategy, analyze the game and know your money limits for less regrets of losing all your money because this game you are playing (roulette and dice) are based on luck and you can't do anything about it, again unless you are lucky.

Hoping that you will find the right answer to your question and apply it to yourself,remember good decision making is very important in all aspects in life.