Quote from: Tytanowy Janusz on Today at 06:13:27 AM

Quote from: noormcs5 on May 02, 2020, 10:57:01 PM

I think the more longer you go with martingale , there is a big chance that you will lose big money.

In fact there is the same probability of starting killing strike that will wipe out your wallet with every single bet. Every single bet (no matter if first or millionth) can be first bet in killing strike.

I have 2 threads that reveals martingale and 7 variations of martingale - based on simulation with 10 000 - 100 000 synthetic gamblers.

https://bitcointalk.org/index.php?topic=5112216.msg49832531#msg49832531
https://bitcointalk.org/index.php?topic=5177375.msg52217862#msg52217862

Martingale is system that lowers your probability of winning. There is no need to talk about it/ collect data. Just realize that it is a loosing strategy and forget about it.

Nice info in those thread, taking that in consideration, I was using the Martingale v4 that it shows there The fibbo progression...

Definitely the risk it doesn’t worth, as I mentioned after put on risk my whole balance the profit was like 1.7 BTC. Horrible risk/reward.

Quote from: DoublerHunter on Today at 10:11:37 AM

Quote from: FatFork on Today at 08:23:28 AM

Quote from: Tytanowy Janusz on Today at 06:13:27 AM

Martingale is system that lowers your probability of winning. There is no need to talk about it/ collect data. Just realize that it is a loosing strategy and forget about it.

This. You may think that with a martingale strategy you reduce your chance of busting everything, but in fact, you do not. The concept of 'losing streaks' is just an example of a gambler's fallacy because individual bets are independent of one another.

^ Definitely right but you need to manage the high risk. My bag was too small when I started plying dice, too small that is embarrassing to mention anymore. 32 streaks you really have a huge bag back then and it seemed that on your post it is not a big deal anyway I hope you were able to recover all you lose during that time. I seldom play martingale game and when I play I only allotted certain amount that I can use for the entire session, in that case, I can handle my loses and not to have a bad feeling when I lose but of course like everyone my goal is to win also but I can't afford to have 32 streaks. I am allotting a certain amount every time I play gambling because it helps me not to get emotional when I start to lose and that also my way to avoid getting addicted.

I wasn’t aware of the risk management while betting, I thought it was kinda reserved just for my trading activity, thanks God I din not lose that last roll, but as I mentioned. I never played anymore...