hammes21 Posted April 1, 2009 Share Posted April 1, 2009 I'm working on a system that is currently 70/30 for winning/losing bets. All of the bets are backing teams at least 3 to 1 favorited to win. Implementing the Martingale betting strategy, this has shown large profits. There haven't been worse than 4 in a row losing, my question is: should it be safe to assume there won't be too long of a losing streak when every bet is at least a 3 to 1 favorite? Quote Link to comment Share on other sites More sharing options...
AJ Posted April 1, 2009 Share Posted April 1, 2009 Re: Martingale + system profit question??? No, no it's not. Strange unexpected runs happen. 10 or more losing bets in a row will happen Martingdale can only work if you have limitless money to back it up which I'm guessing you don't Read this thread. Martingdale Quote Link to comment Share on other sites More sharing options...
Bagzi Posted April 1, 2009 Share Posted April 1, 2009 Re: Martingale + system profit question??? I have bad experience of that 70/30 winning-losing system because my lack of patience, but if you can to fulfill this rule ˝ only one bet a day ˝ you can make some good money on system you are working at. ( slow increasing profit but keep your bankroll safe ) Quote Link to comment Share on other sites More sharing options...
hammes21 Posted April 1, 2009 Author Share Posted April 1, 2009 Re: Martingale + system profit question??? I've read how the Martingale system doesn't work in the long run because of runs of bad results. But that is based on games of 50/50 chance, not 70/30. In 125 games, there has only been 2 runs of 3 games in a row wrong (correction from earlier) so I've only had to double stakes 4 times. What if I were to stop doubling after the 4th? I expect this system to be at least marginally profitable in the long run and when going back and implementing the Martingale its increased my profits by 350%. Quote Link to comment Share on other sites More sharing options...
Steve-C Posted April 1, 2009 Share Posted April 1, 2009 Re: Martingale + system profit question??? stupid question, but if you have a system that gives 70% winners at minimum odds of 3-1, wtf are you doing bothering with martingdale? Quote Link to comment Share on other sites More sharing options...
KThom Posted April 1, 2009 Share Posted April 1, 2009 Re: Martingale + system profit question??? stupid question' date=' but if you have a system that gives 70% winners at minimum odds of 3-1, wtf are you doing bothering with martingdale?[/quote']entirely my thoughts. What sports are you betting on? Quote Link to comment Share on other sites More sharing options...
hammes21 Posted April 1, 2009 Author Share Posted April 1, 2009 Re: Martingale + system profit question??? Well its like odds of 1.35 for each bet. Just doing even stakes has won about 5.5 units (10$ a bet = 55$ profit) in a month of play, while using the martingale produced 19 units in a month. Oh and soccer games KThom Quote Link to comment Share on other sites More sharing options...
Steve-C Posted April 1, 2009 Share Posted April 1, 2009 Re: Martingale + system profit question??? ah, you mean 3-1 ON big difference. Quote Link to comment Share on other sites More sharing options...
AJ Posted April 1, 2009 Share Posted April 1, 2009 Re: Martingale + system profit question??? Well its like odds of 1.35 for each bet. Just doing even stakes has won about 5.5 units (10$ a bet = 55$ profit) in a month of play' date=' while using the martingale produced 19 units in a month. Oh and soccer games KThom[/quote'] but one iis safe and one isn't. depends if you think the system will work longer term. As your profit increases with level stakes so can your bet size Quote Link to comment Share on other sites More sharing options...
hammes21 Posted April 1, 2009 Author Share Posted April 1, 2009 Re: Martingale + system profit question??? Ok I hear ya. I've seen threads that have claimed a profit from doubling bets only three times then going back to the original bet until losses end. If I were to try this, would you recommend going back to my original wager after doubling up the bet twice or three times? Quote Link to comment Share on other sites More sharing options...
2good4u Posted April 2, 2009 Share Posted April 2, 2009 Quote Link to comment Share on other sites More sharing options...
Bagzi Posted April 2, 2009 Share Posted April 2, 2009 Re: Martingale + system profit question??? very nice and totaly truthful stats ( belive me I know, I have lost €700 on that kind of betting ) cheers 2good4u and sorry about past comments:ok Quote Link to comment Share on other sites More sharing options...
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