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Quote from: braum on July 06, 2014, 06:52:15 PM

So how much can you make using martingale? It seems very little then.

I have tried a few runs with one satoshi as base. At lucky times, I made 200% the amount in one day while I have lost 0.001 within seconds on many other days. Your expected profit is and will be negative since House edge exist, people only use it because they think they can succeed.

Do you have any screen shots of you doing this? I think that it is very far fetched that you could have tippled your money using the martingale system.

Unfortunately, no. It was pretty long time ago. Impossible to even profit from this in a long run. In many occasions, I have got a 18 lose streak. It was probably just my luck.

I call BS on this as 200% profit means that you have thousands of wins prior to losing 18 in a row. Your odds of that happening are just not there

Its up to you to believe it or not, I left it there for a few days, from 0.001 to 0.002.

Mathematically, it simply doesn't work. You are more likely to lose all you have through a bad streak than you are of reaching 200% profit. The exact calculation can be found lying around on the web.

First, he said "from 0.001 to 0.002", which is 100% profit only.
True that it is more likely to lose the whole balance, but the chance to get 100% profit isn't that low statistically speaking.

Oops, sorry I meant 100% profit per day. Well, I ran it for a few days, 10 hours per day and didn't bust. Mathematically speaking, it isn't possible, but there is a small chance it can happen. Which is true. I rarely have that streak again. There are more lose streaks than win streak. It was a long time ago anyway. My bot is pretty fast, average 6 bets per second.