Post
Topic
Board Gambling
Re: This is why you shouldn't use martingale
by
DiceMiner
on 23/04/2014, 01:30:29 UTC
Thanks for clearing that up Doog.
I am the guy we are talking about here (390060 / 443793 / 444612)
I hope the guy that called me a "degenerate gambler" got to read this part.

Anyways, to prove my legitimacy, here is some info that only Doog would be privy to:

--------------------------------
--- 390060 -------
--------------------------------
bets: 13,593
wins: 6,915
losses: 6,678
luck: 100.81%
wagered: 2,622.21936140
(profit): 279.64896255

--------------------------------
--- 443793 -------
--------------------------------
bets: 2,755
wins: 1,380
losses: 1,375
luck: 100.22%
wagered: 1,408.70396357
(profit): 132.72196976

--------------------------------
--- 444612 -------
--------------------------------
bets: 4,006
wins: 1,986
losses: 2,020
luck: 99.28%
wagered: 1,584.80297668
(profit): 50.38480271


Anyhow, I came here to say, for anyone thinking of trying this, it's not only just a matter of pure Martingale. There's a little pattern that I took a while to feel out. Most sessions, the pattern seems to work and every once in a while, when it just doesn't "feel right", I log off, randomize seed and come back later.

I have seen in the chat rooms that people are selling their accounts. Doog, is there any worth in an account with a win ration like the 3 I have been playing with? I think I remember reading somewhere that it affects one's payout ratio when they invest.


Thanks,
DiceMiner


P.S. For anyone that happened to witness it, I was also the guy that accidentally won a 20x bet while aggressively 'galing a few weeks ago. I forgot that I had it set on 4.95% (instead of 49.5%), but luckily won about 13 BTC on my third or fourth bet. And yes, you better believe I contributed to the Rain-Jar that night!  Tongue


A few facts that haven't been mentioned here:

* That losing sequence went 1/16, 1/8, 1/4, 1/2, 1, 2, 4, 8, 16, 32, 64 - so 11 losing bets in a row.

* That guy had been coming to the site day after day, and winning 10 BTC each day on 3 different accounts.  So 30 BTC per day.

* This is the first time he busted - previously he only got up to 64 twice and won it both times.

* He's still around 460 BTC *up* overall.

So while it's true that in general martingale isn't a winning strategy, in this case it all worked out pretty well for him!