Quote from: Peter882 on July 08, 2014, 06:38:30 AM

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Quote from: ranochigo on July 07, 2014, 03:04:57 AM

Quote from: DannyElfman on July 07, 2014, 03:01:36 AM

Quote from: ranochigo on July 07, 2014, 02:01:59 AM

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Quote from: ranochigo on July 06, 2014, 09:05:38 PM

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.

It is possible but it is just very unlikely. It is even less credible with the absence of proof.

While ranochigo has no proof of the doubling, we also have no proof that he is lying. And, I don't see any incentive he has to make up such a story, and even ranochigo him doesn't suggest people to use martingale.
We should just let it go.

Honestly, I don't have the time to make up such a story, I have much better things to do. I just want to say one successful experience and yes, I have lost quite some money in martingale. I did not encourage anyone to use martingale, furthermore I discourage people to use it. What can I gain from making up such a story anyway?