Martingale

digitwolf

digitwolf

EOG Member
There is a classic betting system called "Martingale".
You can read about it at wikepedia
or a review of it at this system-exchange.com

Is there someone, who uses (used) it? How did it work? What sport did you try it on?
Please share.
Best wishes to all.
 
WeinketoWarrick

WeinketoWarrick

EOG Master
Re: Martingale

SSI uses it for baseball.

i pretty much do too. gets scary sometimes, but i haven't gotten burned too bad yet.

gyno's "chase the series" system is a pretty decent adaption of it.
 
Jeff Jones

Jeff Jones

2
Re: Martingale

It's a beautiful system as long as it's working.

But it only has to not work one time, and there can be real heartbreak.
 
WeinketoWarrick

WeinketoWarrick

EOG Master
Re: Martingale

well, it got to the point where i wasn't exactly doubling. i took a fairly significant cut out of my profits so that i could continue the system without going broke.

i chased the marlins for 5 games earlier this year, and yesterday i had 18 times my normal wager amount on the yankees.

the most i've ever multiplied is on the rockies last year, i bet 40-times my normal wager on Aaron Cook and the Rockies playing at home vs. the Padres. it should have been about 80-times my normal wager, but i couldn't bring myself to do it. gave back about 2 months of solid profit and slowed the chase a bit. i'll always be a fan of aaron cook though...
 
S

SlipperyPete

EOG Dedicated
Re: Martingale

Several things here

1. Dont Martingale heavy favorites. Too much risk for too little gain

2. Martingale underdogs.

3. Set a limit. Say, 3 games. If not you WILL eventually lose (or chicken out) whatever you think is impossible to lose
Too much to risk for too little gain

4. Your initial amount should be smaller than a regular bet

5. IMO Martingale works best in the playoffs when the teams play each other more than once. So the emotional factors work on both teams equally and at the same time
 
S

SSI

EOG Dedicated
Re: Martingale

you cannot use an endless martingale, that would be suicidal but using a modified (limited version) is now what i strictly 100% believe in..

for one thing, it will lay out your bets for you but you must have a set and defined bankroll and a set and defined plan and then have the guts to carry it out.

just go look at my baseball thread... i am up close to 50 units this season and i think my largest wager has been for around 9 units and that was only once, everything else has been from 1-4 units...

martingale gets a bad name because you think of financial ruin, with an endless chase and nothing could be farther from the truth... and if you doubt me, just check out my mlb thread and you will see how (hopefully) the martingale should be used.

SSI
 
S

SSI

EOG Dedicated
Re: Martingale

id put it up (in a limited form) against anything else, over a long period of time

SSI
 
S

SSI

EOG Dedicated
Re: Martingale

limited martingale, not an endless one and it matters greatly what your using the martingale on...

SSI
 
S

SSI

EOG Dedicated
Re: Martingale

Set a Bankroll amount and ill show you how to make as much as possible with it, over month or a year...

i can make more, using my method than Handicapping or Line Shopping, will generate...

SSI
 
S

SSI

EOG Dedicated
Re: Martingale

it works great for basketball, you just have to use it correctly... it all depends on how you use it..

look at totals (for every sport), look at road trips, home stands, ON ATS and AGAINST ATS.. then use common sense, as you spread the action around.

SSI
 
Jeff Jones

Jeff Jones

2
Re: Martingale

"The Limited Martingale System" Not sold in any stores.

So Martingale is fine most of the time, until that inevitable losing streak occurs. Uh-oh. I guess by "limit," you mean you stop betting.

But if it's the Martingale System, how do you know whether the very next bet won't be the one that gets your money back? And if not that bet, how 'bout the next one?.

That's no system. That's just guessing when to stop at the point where the stress and fear of losing finally breaks your spirit and/or your bankroll.

Pretty much like all gambling.
 
Timetopay

Timetopay

EOG Master
Re: Martingale

SSI got crushed in Baseslast year using it and bailed.

Anyone back testing anything can make something fit.

Cubs vs a lefty on Thursdays after a rainout 4-0. There I am undefeated the last 4 years
 
S

SSI

EOG Dedicated
Re: Martingale

Jeff, obviously you dont understand and i should have known that would be the case..

TTP, has an agenda and btw, i havent seen you in my baseball thread since opening day... whats happened to you?

SSI
 
Timetopay

Timetopay

EOG Master
Re: Martingale

I have no agenda. Havent been there but i will stop in and if u doing well give ya props.

Your system did not work last year is all and hate for someone to get sucked in
 
S

SSI

EOG Dedicated
Re: Martingale

the runline chase did not do well... that is a 100% correct statement but the way to play it was very unclear...

the O/U chase, both of them, did quite well...

i have modified things this year... im not at all afraid to take a loss, stop a chase and yes this takes away the 100% mechanical aspect of the martingale..

but playing a 100% mechanical martingale is not the way to go..... playing a modified, limited version of it, is the way to use it...

SSI
 
Jeff Jones

Jeff Jones

2
Re: Martingale

SSI said:
Jeff, obviously you dont understand and i should have known that would be the case..

TTP, has an agenda and btw, i havent seen you in my baseball thread since opening day... whats happened to you?

SSI
Click to expand...

You know, the day I see signs hanging in casinos that say' "Oh please, no more Martingale players" up beside the "Oh please, no more dice-setters" signs, then I'll look into it.

Nine innings is way too much for me to watch a baseball game (or even five innings.). Trying to keep up with shorter term props.
 
S

SSI

EOG Dedicated
Re: Martingale

its nap time for me but feel free to drop into the baseball forum this season.

i plan on putting together "A Season To Remember", its in the makings right now and all, pretty much under the radar..

SSI
 
raiders72001

raiders72001

1
Re: Martingale

A see a lot of posters tweak martingale and think they've come up with a great system.

ie - If you lose two games in a row on the under, then double up and play the RL -1.5 in the third game of the series.

Then if you lose that, double up again on something ridiculous.
 
digitwolf

digitwolf

EOG Member
Re: Martingale

Thank you for your opinions. There are lots of profs and cons.
However one thing that is in common, is that all of you, used it in sports "one on one" (one team vs. another).
Did anyone try using it in horse racing or familiar to it?
 
Mr. Smith

Mr. Smith

EOG Master
Re: Martingale

Craps system goes like this

1) Walk up to a craps table
2) take your session bankroll out of your wallet
3) fold it in half and put it in your pocket
4) walk away
 
L

Lefthook

EOG Veteran
Re: Martingale

Actual facts about SSI baseball system last year:

He admitted the runlie system didnt work that cost him 70+ units

Arizona lost 8 in a row in his thread right here at EOG. This was an Action Chase as they had not lost the necessary 5 in a row to trigger the system. You played it anyway making it an action chase, and a loss. Here is the thread.

http://forums.eog.com/baseball-betti...ml#post1466347

As far as The Chase that lost. You claim to have played one of the pushes at a better number and counted it as a win. However, the entire model you based the system on was using the numbers listed at covers. You have stated many times to check Covers if people dont believe you. Well according to Covers Florida lost 15 times in a row making the Chase a loss.

Again, its possible that you could go an entire year without a loss. However, it has been proven that it has lost on all three chases last year and it could easily happen again.

All three of his chase lost huge units last year. This year so far so good. It takes one bad run and your bankroll is blown.
 
Jeff Jones

Jeff Jones

2
Re: Martingale

Mr. Smith said:
Jeff why dont you teach them the "How to double your money at craps" system?
Click to expand...

Well, mathematically, if you decide to play craps, your best chance is to put your entire BR on the first roll on pass or DP. It's a slightly -EV bet, but on only one trial. You win or lose.

I realize one-roll betting is not fun gambling, and so does the casino. They realize you have come to Las Vegas to have fun, drink beer, and play this game. And that's why there are casinos.

Each roll you stay at the table reduces your percentages. It doesn't mean you won't win big this time; it just means the math is grinding against you.
 
L

Lefthook

EOG Veteran
Re: Martingale

Jeff, go to O'sheas. Put a $5 chip on the dont pass. Lay full odds (if its still 100x) Standby until the 7 comes. Go home.

100X odds on the Dont pass is amongst the lowest house edge at the casino.

If it was only that easy of course :doh1
 
Jeff Jones

Jeff Jones

2
Re: Martingale

Lefthook said:
Jeff, go to O'sheas. Put a $5 chip on the dont pass. Lay full odds (if its still 100x) Standby until the 7 comes. Go home.

100X odds on the Dont pass is amongst the lowest house edge at the casino.

If it was only that easy of course :doh1
Click to expand...

Well, yes, if you got beyond the comeout, you have the advantage on the DP $5 bet. But the lay is equal odds, now depending on the +EV DP point as it's only advantage. Yes, I would take the gamble if I'm in one of the fortunate O'Shea's, Casino Royale patrons.

Still -EV, but 100X odds is great if you have the wherewithall to do it.

But the only reason these joints advertise this bet is that they know their clientele cannot afford this bet.

Craps remains, in whatever system or permutation you can concoct, a -EV gamble.
 
L

Lefthook

EOG Veteran
Re: Martingale

Jeff Jones said:
Well, yes, if you got beyond the comeout, you have the advantage on the DP $5 bet. But the lay is equal odds, now depending on the +EV DP point as it's only advantage. Yes, I would take the gamble if I'm in one of the fortunate O'Shea's, Casino Royale patrons.

Still -EV, but 100X odds is great if you have the wherewithall to do it.

But the only reason these joints advertise this bet is that they know their clientele cannot afford this bet.

Craps remains, in whatever system or permutation you can concoct, a -EV gamble.
Click to expand...

Absolutely. It comes down to if you are going to play craps and you accept that it is a losing proposition (although very few craps players seem to grasp that) then its as good a bet you'll find.

Don't forget all the free Bud Lights you'll be earning as well but you'll have to factor in the cost of a tetanus shot for spending any amount of time in that dump
 
kinosh

kinosh

2
Re: Martingale

Jeff Jones said:
Well, mathematically, if you decide to play craps, your best chance is to put your entire BR on the first roll on pass or DP. It's a slightly -EV bet, but on only one trial. You win or lose.

I realize one-roll betting is not fun gambling, and so does the casino. They realize you have come to Las Vegas to have fun, drink beer, and play this game. And that's why there are casinos.

Each roll you stay at the table reduces your percentages. It doesn't mean you won't win big this time; it just means the math is grinding against you.
Click to expand...

This is incorrect. The percentages remain the same (assuming you make the same bets every time). The casino vig is 1.41% of all of your pass line bets (1.36% of the don't pass) no matter how long you play.
 
Jeff Jones

Jeff Jones

2
Re: Martingale

kinosh said:
This is incorrect. The percentages remain the same (assuming you make the same bets every time). The casino vig is 1.41% of all of your pass line bets (1.36% of the don't pass) no matter how long you play.
Click to expand...

Well, that's just stupid.

Playing one trial at a -1.40 disadvantage will always be better than playing 2 or 5 or 10 trials or all afternoon at a -1.40 disadvantange.

Are you crazy? Give this man a free room. Maybe free ice at the end of the hall.

Geesh.
 
You must log in or register to reply here.
Top