A question? Martingale style

[DarrylParsons]

Tate,

Your system is not a Martingale because it only does the progression once. A true Martingale keeps increasing bets until the entire fort is wagered in one go.

Fezzik's answer is the TRUTH on the matter, like it or not...and if I may ask a mod to please correct the spelling mistake in the thread title... this has nothing to do with Wink Martindale and it's quite an eyesore. Thanks.

 

[TheGeneral+]

Very solid point Darryl. You need only find the point inwhich historical facts dictate your system. That is having an edge.

 

[DarrylParsons]

Wow! That was fast! You guys are good!

 

[tatehill2000]

LOL,,,, thanks for that correction,,,, I was about to mention the same,,,,

Darryl, you and I Know my MEHTOD isnt a "TRUE" Martingale style,,,, but it IS REFERRED to as SUCH by bosox, and a handful of others,,, that is why I always refer to my Formula as a PROGRESSION,,,, I know we are splitting hairs,,, but its an Important distinction, the question remains How Many double Downs does it take to QUALIFY as a Martingale????? 1-2-3-4-5???????

and again,,,, if someone has a Quality handicapped formula, and incorperates a "progressive betting structure" that has Tight Boundaries,,, I think to be honest any and ALL formulas that incorperate progressions are all versions of the Martingale style,,Mine Included,,


anyway,,, all the best to you Darryl,,,and GEN,,,, and DUB,,,,
tater

 

[DarrylParsons]

Tate,

I suppose it is hair-splitting to a degree, but you have to keep in mind the reason most gamblers are attracted to Martingales...the idea is: losing streaks of X or more NEVER happen (which is wrong, of course), and so all I have to do is keep doubling at most X times and I'm guaranteed a profit. They try it and see that it works the first 20, 30, 40 times and start to feel invincible. Maybe it will be only the 179th time that it doesn't work, but when that happens the gambler loses everything -- much more than he had set aside to lose in the first place. Martingales are based on a dangerous fallacy and so it cannot be emphasized enough how bad a strategy like that is...it's to protect gamblers who may not be aware.

When is a strategy a progression and when is it a Martingale? Official statistical definitions aside I'd say a good practical definition is...if the strategy involves bets that are always within the comfort zone -- say never more than about 3% of bankroll, then it is not a Martingale.

Personally I think your strategy is an excellent one, and it makes sense to do a progression if there is a good reason behind it. Of course it has to stop somewhere because of money management, and your system does that very nicely.

I'd even go for a progression that increases the bet 5 or 6 times, but only a small amount each time, like say 5-6-8-10-12, where the 12 is about 3% of bankroll.

It's hard enough to find a winning strategy so it would be a shame to do all that hard work to get the hard part right and then blow it all because of bad bet sizing.

 

[TheGeneral+]

What is the longest ATS streak for a side or total in the NBA ever? I have asked before. Never got an answer.

 

[Mr.Smith]

it's tough to argue with martingale players, you'll end up exasperated as they continue to ignore perfectly logical explanations of why the system is doomed and instead keep pointing to the same thing......

" But it's winning!!!" They exclaim.

well, of course it is. it will win small amounts repeatedly until as Fezzik put it
"The Titanic smashes into the iceberg". Which is 100% guaranteed to happen, perhaps sooner, perhaps later, but the iceberg always looms in the dark and you won't see it coming.

 

[phdinsports]

The handicapping system is not relevant.

The key issue is that martingale betting systems are idiotic. Even the bad gaming authors who have little merit get this area right.

It's not even worth the time to explain why, this horse has been beaten to death. Seriously, has any veteran gambler not come accross the Martingale nonsense at least 10 times in his life, and done the math why it is a bad way to bet?

Hey, I'm politically incorrect. I'll bash this thread over and over and over, it should be as simple as "Martingale doesn't work...........we all know this". Get out the books to see why if you aren't up on it.

Let's move on people.................let's discuss the merits of the capping system without getting stuck in a ridiculous thread about whether to play Martingale. Come on now............

Quote of the year!

 

[Dubpoet]

the system doubles up on a road trip when the trip is over the double up is over. a few lose but most win. I hope it doesn't go bust this year but you never know.

 

[brewers7]

What is the longest ATS streak for a side or total in the NBA ever? I have asked before. Never got an answer.

Thanks

The longest ATS streak ever in the NBA?...

Since 1991-92, the longest Cover streak is 13 (Sacramento in 2000-01) and the longest Not-Cover streak is also 13 (Cleveland in 2000-01), something in the water that year...Only 1 other Cover streak hit 11, while 2 other NC streaks hit 11...

I'd have to get back to you on Totals, but something tells me there is probably a streak longer than 13 on Totals...

 

[wilheim]

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