Post
Topic
Board Beginners & Help
Re: Martingale System
by
hilariousandco
on 23/06/2014, 12:23:39 UTC
Are you the type who can risk 1BTC for 1 satoshi? Maximum you can get is 0.001 which have a huge risk of busting before that. Once, I used 0.01BTC to win 0.07BTC. And you know what happened almost immediately after I started my 9th round with 0.02? Bust within minutes, with the same odds, same amount of starting bet and increased bankroll. It can bust within a few minutes after you start the game, imagine how long it takes to earn 0.001

Well couldn't you say that about all gambling? Are you willing to risk 1btc for 1 btc, 0.10 for 0.30 etc. People try use the Martingale and start off with small amounts because they think it's less of a risk, and in the short term it usually is, but it's knowing when to quit/cash out.
But for most small amounts, it usually cannot make a decent profit, subtracting the fees. Most people usually want at least 1% of profit before quitting , this can take some time.

Yes, but that's not the point as the small amounts on Martingale quickly add up when you're double your last losing bet everytime. You then quit when you're at a decent winning. At least that's the plan.