What is the Martingale strategy in gambling, and does it work for 'Crash'?

Question

What's the Martingale strategy and can it be used to beat the 'Crash' game in Bitcoin Casinos?

Answer 1

The Martingale strategy is a gambling technique where you double your bet after every loss, aiming to recover losses with a win. However, in the 'Crash' game, this strategy is ineffective in the long run due to table limits and the mathematical model of the game, which results in a high probability of winning a small amount and a low probability of losing a large amount, with the losses outweighing the gains.

Comments

I dont comment under videos, but this is one of the videos i have to.
The way you explained it is the best I have seen so far. Probably could have shown how many times (from the previous games) there were crashes under 2x, or a similar graph of Crashes under 2x / Time.
I have also experimented with various martingale variations which give you a upper hand in the short term, however long term everything falls apart.
I cannot stress hard enough the fact that the house will always win, one way or another.
If you ever decide to put money in gambling, consider that money lost. If you do so, just play for the fun of it, and if you cant, dont play at all.

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I just got into the martingale strat and Roobet today. So glad I saw this video. I first put in $100, lost it all. Put $500 in, not only got the $100 I lost back, but made another $200ish and my balance is now $804. I was planning to keep doing this because I thought I could just keep winning, but this video has showed me that that’s impossible. Tomorrow morning, I’m going to take almost all of my money pit. I’ll leave like $50-$100 in just to have some fun. So glad I figured this out before I lost it all. Came close to losing it all today too, was betting $1.50 and my bet got up to $384....I won but I pulled out early at like 1.75x. It went past my auto of 2.15x but I was so scared to lose, I would’ve only had $35 left. Thanks so much for teaching me

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Dude I took probability and I couldn't understand a word, but your explanation is so much easier to understand

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well done m8, great explanation & use of coding & maths

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What if you would use the card counting strategy from blackjack, where you would order low neutral and high to relevant odds and just keep the count.

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The part where you showed the percentage of losing 'this" amount of games in a row is really important. Literally sums up the martingale strategy. Anyone thinking about it should know losing 12 times in a row is not impossible. Imagine staking 4,096 only to gain $2. The Martingale strategy is pretty much chalked. A game where luck is heavily involved and no strategy whatsoever, stay away from it.