Quote from: Shogen on December 15, 2014, 02:06:43 PM

Quote from: Josepht on December 15, 2014, 01:35:42 PM

Quote from: angeloanggam on December 15, 2014, 01:29:28 PM

Quote from: lili song on December 15, 2014, 01:20:23 PM

Quote from: SirChiko on December 15, 2014, 11:17:15 AM

Quote from: ligeros on December 15, 2014, 09:32:03 AM

Every time losing with Martingale I blame myself and promise never use it again.
But...

Quote from: mindrust on December 15, 2014, 09:47:35 AM

Martingale is a poison.

Someone cares to explain what even that martingale is?

example :
You're betting BTC0.0012 -> lose
You're betting BTC0.0024 -> lose
You're betting BTC0.0048 -> lose
You're betting BTC0.0096 -> lose
You're betting BTC0.0192 -> you won

this is how the martiangle works
and you get 0.0012 profit because of this martiangle

Try playing that way and roll just 100 times or even 50, you will eventually lose.

I don't think you'll lose if you roll only 50 or 100 times.
Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024.

I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls.

I am curious about the chance for that to actually happen, but it is a bit more difficult than I thought.
Any one know a simple formula or calculator to calculate the chance of having n losses in a row within m rolls?

you might want to look at this thread over at reddit and especially the explanation of motherlover:

http://www.reddit.com/r/Primedice/comments/2m6oi1/probability_question_for_the_math_people_warm_up/