| Posted by: king888 at December 8, 2001, 10:23 am | | Topic: Preferred Strategy: flat betting or martingale Forum: Winner Online |
Donīt forget why casinos use table limits with a certain spread. It was implemented just because the martingale and other systems actually works. My tip to a normal casino gambler would be to avoid all progressive systems build on loosing series for three reasons:
* It does not work in a casino
* It is not fun, it just makes you swetty and thats not what gambling should be about
* It will make you loose more
Raising your bet in winning series is a whole other ballgame and I deeply recommed it to frekvent players. But I would be carefull to use it on internetbased casinos. I suspect that some software are manipulated so that the houseprocentage gets higher when punting high.
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| Posted by: Marat at December 7, 2001, 10:46 am | | Topic: Preferred Strategy: flat betting or martingale Forum: Winner Online |
Martinagle is worst betting system which I know. Extremely unprofitable.
You should make your own money managment and test it in Practice mode! (or learn it from good players - for example, I watching game in InterCasino)
Second major problem is self control!!!
P.S. Sorry for my english.
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| Posted by: Trader at December 7, 2001, 8:40 am | | Topic: Preferred Strategy: flat betting or martingale Forum: Winner Online |
It's good to hear from you again, Dov. Julie is continuing your great work at Gambling Grumbles.
I just wanted to publicly thank you again for your help in getting me paid from several UG sites in early 2000 when I was ery new to online gambling. One of the ery lucky outcomes of my grumble is that I was banned from many of those sites that have since gone out of business and I escaped a lot of further pain if I had continued to play there.
The Golden Palace thing did not work out as we hoped. Not many people know how much work you did to get them to return the money stolen from many of us, because you worked out of the public eye and kept all your correspondence professional. Dealing with Golden Palace is like trying to convice a skunk not to stink. It certainly was no failure on your part.
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| Posted by: caruso at December 7, 2001, 6:11 am | | Topic: Preferred Strategy: flat betting or martingale Forum: Winner Online |
For online play, where wagering requirements are a big factor, a positive progression is a great asset; potential "cover" alue, and if you hit a decent streak, you'll be cashing out much more quickly, while your losses are kept to a reasonable minimum. Of course, a reverse Martingale is an absolute no-no, as a double loss after a few wins could be catastrophic.
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| Posted by: Dov at December 7, 2001, 6:10 am | | Topic: Preferred Strategy: flat betting or martingale Forum: Winner Online |
I do not believe in increasing your bets when on a losing streak. Nor do I believe in flat bets.
Let's get rid of the second, first. The house IS going to win more hands than you are. That is unavoidable. Therefore, flats bets guarantee you will wind up losing.
Streaks are also a fact of life. During the course of a long evening, there will be times when you will lose 6 or 7 hands in a row and times when you will win that many.
Let's say you start with a $2 bet and keep doubling it with the hopes of getting it back. By the time you lost your 7th bet, you will have lost $128 -- all in the hope of saving $2! And guess what? If you are playing a table that accepts $2 bets, you won't be allowed to double that $128 on your next bet.
BUT...let's say that you decide to increase your bets when you win.
I do it like this: $2, $8, $12, $16, $20 (and then increasing by $20 each time.)
If I lose 10 hands in a row, I lose $20. If I win 7 hands in a row, I win $92... | | Read Entire Entry |
| Posted by: Trader at December 7, 2001, 5:13 am | | Topic: Preferred Strategy: flat betting or martingale Forum: Winner Online |
Babe, you are absolutely correct. I really threw in that stuff about the table limit to scare off those who could not afford to lose that much.
Personally, I just hate to lose and will risk losing a lot to at least win something. There is also the tax problem for US gamblers who have to take losses.
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| Posted by: babe at December 7, 2001, 12:01 am | | Topic: Preferred Strategy: flat betting or martingale Forum: Winner Online |
You have more losing than winning streaks because you are more likely to lose a hand than win, by a large margin.
And Trader, you statements on progressions are right on except that you don't have to use a martigale up to the table limit. You can use a 3, 4, 5, etc step progression which may cap your last bet well before you reach the table limit. The more levels you use, the more winning sessions you will have compared to losers and the more the ineviatable big lost will effect you. Another point is that if you flat bet the average bet of your martigale, (or any progression), you long term results will be the same.
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| Posted by: mecsrc at December 6, 2001, 10:34 pm | | Topic: Preferred Strategy: flat betting or martingale Forum: Winner Online |
Maybe I'm just a bad gambler but I notice in general that losing streaks are far more common than winning streaks. I wouldn't be surprised if some casinos didn't program in losing streaks of at least moderate length, especially since Martingale is such a commonly used system. Assuming the game is fair, to really use it you have to be willing to bet a fairly large amount if you have to. You really have to be able to go at least 5 bets or even more. The beauty of Martingale in Blackjack is when you hit Blackjack on that 4th or 5th hand, or if you double and win. Of course, if you double and lose, as I did today at Intercasino showing a 10 against a 3, your little fun time is about over, if like me you are too cheap to risk your own money and therefore not a true gambler and really a disgrace. I mean no criticism of Intercasino, which seems to be the best casino as far as I can see. I think for the bonus player its a fun method to get to a certain goal. It's definitely exciting once you get to bet 4 and 5.... | | Read Entire Entry |
| Posted by: PlayTheOdds at December 6, 2001, 5:48 pm | | Topic: Preferred Strategy: flat betting or martingale Forum: Winner Online |
Wow Trader, your information and advice is right on. I've talked with professional statisticians who don't have the accurate perception that you do.
NO BETTING SYSTEM GIVES A PLAYER AN ADVANTAGE IN A RANDOM GAME.
Since almost all online casinos shuffle after every deal, every single hand has the same small negative expectation. The odds of winning the next hand are not affected by what happened on the previous hand, or by how much you bet.
With Martingale, you will win a greater proportion of your gambling sessions, but your few losing sessions will be ery ery expensive.
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| Posted by: Trader at December 6, 2001, 4:29 pm | | Topic: Preferred Strategy: flat betting or martingale Forum: Winner Online |
I hesitate to participate in this topic because there is so much bad information on this topic floating around. It has become a kind of superstition that many gamblers have used to lose more than they can afford. As I understand the math involved, the facts are:
1) All betting systems are exactly equal in the long run as long as you continue to follow basic strategy in your play. If you fail to double or split when appropriate because you are unable or unwilling to risk that much on one hand, martingale will cause you to lose more in the long run.
2) Any betting pattern of raising bets increases your olatility in the short run. You will win or lose more than by flat betting.
3) To use martingale successfully you have to commit enough money to increase your bets all the way to the table maximum, and maybe play some more at the maximum. If you only have enough money to stand five losses in a row, you are almost sure to lose all your money.
With all that said martingale ... | | Read Entire Entry |
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