Whats with the margingale hate?

[marriedputter]

I can tell a novice AP based on their openness to new ideas. Do you think Stanford Wong had everyone believing him when he publiushed his methods? Do you even know who IM talking about?

Oh Lord. Yes. I have Professional Blackjack by Wong along with six or seven other BJ books. He would tell you the same thing that others are trying to tell you here. And Martingale is NOT, in ANY way shape or form a new idea. It's literally been around for centuries.

I am now suspicious that you are just trolling for fun. I don't think you can possibly believe anything you're saying. But if you really do believe it, then have at it. Go out and martingale to your hearts content.

[iCountNTrack]

Voodoo alert

[Gronbog]

MasonAP, we know that you're not a legitimate AP because you've made statements regarding the likelyhood of consecutive losses that we know are simply not true. Once you start with a flawed premise, you can go on to "prove" anything.

It is quite possible that you are in profit using the Martingale over a short span of a few months of play using the methodology you have described. You will have only played a few hundred hands even if you play every day. It is the signature of betting progression strategies that you will experience many small wins in a row followed by a catastrophic loss. It's possible that this has not yet happened to you. I think it is more likely that you're just trolling us.

As for evidence against the Martingale, look here:

https://www.blackjackincolor.com/useless4.htm

As you can see, in the short term (hundreds of hands), your bankroll can survive the losing streaks, however, in the long term you will eventually experience losing streaks of thousands of units. Your unit is $100. Think about that.

[bjarg]

I think if you were to extrapolate this example in to any other investment, like the stock market, this would be a reasonable level of risk to tolerate, as theres no way you lose 10+ IN A ROW.

You are just waiting for that catastrophic day to hit you like a ton of bricks. And in the meantime you will lose a lot of valuable time going back and forth to the casino. If you are lucky you will hit that bad run after several wins and wont lose much $. But you will sure loose a lot of your time.

Hopefully after that bad day hits you will realize you've wasted your time and will abandon this losing strategy. I also recommend you not to start making life plans that involve this $100/day income stream, because it wont last. You dont want to come to that realization with a new house rental you cant really afford.

[21forme]

What about you, born in the united states? thats luck out the wazoo.

My luck turned bad a little over 3 mos ago.

[Norm]

See: https://en.wikipedia.org/wiki/Martin...etting_system)

Or you can read The Gambler by Dostoevsky.

[seriousplayer]

MasonAP, we know that you're not a legitimate AP because you've made statements regarding the likelyhood of consecutive losses that we know are simply not true. Once you start with a flawed premise, you can go on to "prove" anything.

It is quite possible that you are in profit using the Martingale over a short span of a few months of play using the methodology you have described. You will have only played a few hundred hands even if you play every day. It is the signature of betting progression strategies that you will experience many small wins in a row followed by a catastrophic loss. It's possible that this has not yet happened to you. I think it is more likely that you're just trolling us.

As for evidence against the Martingale, look here:

https://www.blackjackincolor.com/useless4.htm

As you can see, in the short term (hundreds of hands), your bankroll can survive the losing streaks, however, in the long term you will eventually experience losing streaks of thousands of units. Your unit is $100. Think about that.

Everyone here might disagree with this. Quote from Blackjack Bluebook II: The simplest winning strategy ever published in the 2006 edition by Fred Renzy


"Mathematically speaking, betting progressions cannot give you an edge. Betting progression systems are not losing systems. Indeed, they are break-even systems. When betting systems lose in casino games like craps and roulette, it's not because they are losing systems. It's because they are break-even systems used in a losing game".


Blackjack Bluebook II page 46.

[Gronbog]

I agree with this. However even using the martingale on a fair game, like coin toss, will lead to ruin due to bankroll and/or max bet limitations.

[Norm]

Which makes it a losing system.

[OnlineAP]

I don't hate martingale. It is one of the countless mistaken ideas that people often entertain when they think about casino gaming. Mistaken ideas of players and management are what allow me to prosper in casinos. I am rather fond of these mistaken ideas as long as none of my loved ones hold them.

I do dislike trolling.

[Gronbog]

Which makes it a losing system.

A losing system for long term live money advantage play, but a very powerful weapon in tournament play.