What is the Martingale System in Betting?

Question

Can someone explain the Martingale betting system and how it's supposed to work?

Answer 1

The Martingale system is a betting strategy that originated in the 1800s. It's used in games where the outcome is about a 50/50 chance of winning or losing. The idea is to double your bet after each loss, so when you eventually win, you recover all previous losses plus win a profit equal to the original bet. However, this system has several flaws, such as the potential for rapid loss of funds, betting limits, and the requirement for an unlimited bankroll to be truly effective.

Comments

as soon as you mentioned martingale i knew exactly what was going to happen, this reminds me of the old joke, the best way to end up with a million using the martingale system is to start with 50 million.

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You’ve been losing martingale all the time you use it because you should accept a loss when you know you’re going to run out of money. That’s how martingale works
So basically when you hit that 100$ bet and lost instead of going up to 200$ and 500$ you should just start all over again
Because at that point you’re only 2 losses away from losing 800$
Why commiting to that risk, walk away start over with 10$ that means you have a buffer to lose 100$ 8 times instead of putting your entire account on the line
If you made 100$ in 15 mins and getting above 100$ bet is pretty rare you could just accept the 100$ loss and move on and start the martingale all over again that would increase your overall win rate %

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Assuming you have a 50% to win (roulette is 48.6%) and you have 100dollars and want to get 200 with 1 dollar bets, meaning you would have to win 100times to double your money with a 1/100 chance to lose it all each time. you can write the equation:
Probability (win 100) = (1-(1/100))^100
So if you plug that into a calculator you have 36.6% to double your money or a 63.3% chance to lose it all.

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In this case martingale would work better if you would be checking 5 second candles as your entries was for 5 seconds, as you were on 1 minute candle you should have been using 1 minute expiration time plus the martingale entry should be straight after you lose and not on your next reading as the chances that you would have 6 green or red candles in a raw are very little, and you should have chose a pair that has the minimum amount of same colour candles in a raw :)
And the principle of general trading should apply to this aswell set a target :)

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The only problem is every time when doubling after loosing, you only do this to rescue your initial bet of 10$ by risking a lot more. Combining it with a progressive system would be more interesting, like 5$, 15$, 45$, 120$ etc.

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Despite the fact that martingale isn’t profitable in a long enough time frame, basing your strategy with a max losing streak of 6 isn’t enough. The biggest streak I ever had gambling with this strategy was 25 losses in a row lmao

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some of these sports betting frauds use Martingale as their bullet-proof "system" lmao

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This strategy is amazing for blackjack

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Gotta go one step forward and every time you win, double your winnings. Then when that loses, start from the minimum again. Will quickly teach you to not be greedy

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I’ve used this strat on roulette and only betting against a 3+ streak(only bet after 3+ black/red in a row) and would make some money.. and would at some point see streaks up to like 12+ in a row of any color almost every time. There’s a reason the casino always win.

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Martingale is great for the lolz, but if you play the game long enough, you'll hit a loss streak long enough to wipe you out.

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Definitely wanna see a Martingale System video.

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martingale is litterally the worst mathematical strategy you can do

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I tried this about 15 years ago, I used an online roulette and started my bets at £1, it was going quite well at first and I was up about £160 when I chose the wrong color 13 times in a row and it took all my money which I believe was a total fix because that is so unlikely, I actually tested it with a toy roulette wheel and won overall every time, but the reality is that it's a scam and programmed for you to lose

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Martingale can work on daytrading, there are just some important things to consider. First of all you should have some trading rules to stick to and secondly, a high capital and low risk. This is necessary to avoid high drawdown/burning your account. Use it on a pair that consolidates a lot is very important too (EURUSD works fine for example). Since using low risk can take very long I would advise using a bot for this strategy. Let me know if you want more info ;)

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I did it with every 1 minute candle stick where I made by bet based on the previous candle stick’s color. If I lost, I would double the amount. This is better because it never alternates one to the other 6+ times in a row. I put 1k into the demo account and made about 1k every 20-30 min. I have 8k right now in total, so 7k profit. I’ll keep doing this for a few more days to see if my strategy keeps working

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> I Used Science to Outsmart an Online Casino
> Martingale

PepeLaugh

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Would love to see you implement the martingale system on day trading. It would be Awesome!

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This is basically the exact strategy I have used at the casino for blackjack for the last 4 years and it has worked out but it’s very stressful and not worth gambling to try and turn a profit. Also I found out that this strategy does not usually work in practice, after doing research on card counting I found out this strategy is not anything new and has been used many years before I ever thought of it and apparently it mathematically just doesn’t work out. Had worked for me but apparently just doesn’t work out in general.

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Title: I used Science to outsmart a Casino
Biaheza: Let's just guess which way it will go. Literally can't go tits up.

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yeah uh, anybody that mentions martingale instantly loses all credibility.

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Still waiting for the martingale system video on day trading

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You got it wrong.. if youll Martingale, you should stand your ground on one position, either all up or all down... Also, you should wait after 3 similar (ex. Up up up) results before starting your bet on the opposite direction.. this means you already been saved 3 down bets and so youll start counting on the 4th one, therefore extending your pocket life.