Quote from: pawel7777 on February 15, 2023, 09:59:33 PM

Quote from: Don Pedro Dinero on February 15, 2023, 05:33:33 AM

Quote from: pawel7777 on February 14, 2023, 10:23:37 PM

Martingale is a guaranteed winning strategy only under two small conditions: 1 - there are no bet limits, 2 - you have an unlimited amount of money.

That is false

No, it's not.

With those conditions, I think Martingale is the best strategy, I would rather use a modified martingale where the bet would increase by 3x or 4x or even greater every time a lost happen.

Quote from: pawel7777 on February 15, 2023, 09:59:33 PM

Quote from: Don Pedro Dinero on February 15, 2023, 05:33:33 AM

... the conditions are unrealistic, ...

You don't say! Really?! Thanks for your wisdom and for letting us know. Keep it up!

lol

Quote from: pawel7777 on February 15, 2023, 09:59:33 PM

Quote from: FatFork on February 15, 2023, 11:16:50 AM

Martingale is a terrible gambling strategy in the long run, and I'm sure we all agree on that.

We can agree that there's no winning strategy for any games with a mathematical edge not being on your side (negative EV).
But if you still want to gamble on such, then martingale is just as good, or just as bad as any other betting style. You're just betting on not having a losing streak exceeding your bankroll.

I think martingale is just one strategy that is effective when some condition is met and very devastating if not used properly. I agree Martingale is just another method where we can either win or loss badly depending on how we approach and use this kind of strategy. As stated on the earlier reply, as long as we know when to stop and reset the martingale strategy isn't that bad at all.