Martingale Revisited

Example spreadsheets and comments on example spreadsheets.
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Derek27
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grindhog wrote:
Tue Jun 23, 2020 4:53 pm
Hi Martin27
I can assure you I have a winning strategy that works with martingale. I am sorry if I gave the impression I was going to disclose it.
Never intended to !. What I can upload is my template that uses Martingale but on a losing strategy. It should at least improve the losing strategy.At some time in the evening you shall see it uploaded.
That was me speaking too soon as usual.
Who's Martin27? Isn't he the guy who uses the Derekingale?

I wasn't asking you to disclose your strategy. I was asking you to disclose whatever it was that you said you would disclose. Do you even bother reading posts on this forum? I already gave you conclusive mathematical proof that the Martingale makes a losing system lose even more. You're wasting your time trying to prove the opposite as it's very simple and basic maths.
Dr Ginhog
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Location: Ballygarvan,Cork Ireland T12D2VR
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Your right MemphisFlash he's a stubborn B....X and I hope he loses it :D . Never liked him :D
STUCKINAGALE
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Derek27
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grindhog wrote:
Tue Jun 23, 2020 6:30 pm
Your right MemphisFlash he's a stubborn B....X and I hope he loses it :D . Never liked him :D
STUCKINAGALE
Bad day?
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ShaunWhite
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MemphisFlash wrote:
Tue Jun 23, 2020 5:34 pm
let him do it. over time he will lose money, hopefully to me then i will thank himpersonally for using Martigale.
He has had all the advice and still doesn't want to listen. Time to fleece him of his money.
So how do you plan to do that then? You can go broke with a martingale even taking value bets.
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LeTiss
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I first joined this forum over 10 years ago, and people are still talking about this shit

Don't chase losers, trade better
Dr Ginhog
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Hi Shaun,
Im not sure how its come to this but I suppose I have Blind spots.
There is one way to settle and end the anger and resentment about my views on "Martingale" I would be prepared to send my sheet to an independent arbitrator "Peter" and let him decide on whether Martingale worked or not. I would have to trust that he not reveal my strategy.
If i see the thing working on a yearly back-test why should I not be stubborn about it.
If Peter is not interested which I suspect he might not be then thats the end of it and we all agree to disagree and respect each other.

Grindhog
( I sent STUCKINAGALE on holidays to Brazil :D )
jamesg46
Posts: 3769
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grindhog wrote:
Tue Jun 23, 2020 8:33 pm
Hi Shaun,
Im not sure how its come to this but I suppose I have Blind spots.
There is one way to settle and end the anger and resentment about my views on "Martingale" I would be prepared to send my sheet to an independent arbitrator "Peter" and let him decide on whether Martingale worked or not. I would have to trust that he not reveal my strategy.
If i see the thing working on a yearly back-test why should I not be stubborn about it.
If Peter is not interested which I suspect he might not be then thats the end of it and we all agree to disagree and respect each other.

Grindhog
( I sent STUCKINAGALE on holidays to Brazil :D )
:lol: :lol: take two fingers and pinch yourself!
Dr Ginhog
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Thanks Jamesg46 That worked! I think!
What was supposed to happen.Anyway? I did not smell any roses?
jamesg46
Posts: 3769
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grindhog wrote:
Tue Jun 23, 2020 8:33 pm
Hi Shaun,
Im not sure how its come to this but I suppose I have Blind spots.
There is one way to settle and end the anger and resentment about my views on "Martingale" I would be prepared to send my sheet to an independent arbitrator "Peter" and let him decide on whether Martingale worked or not. I would have to trust that he not reveal my strategy.
If i see the thing working on a yearly back-test why should I not be stubborn about it.
If Peter is not interested which I suspect he might not be then thats the end of it and we all agree to disagree and respect each other.

Grindhog
( I sent STUCKINAGALE on holidays to Brazil :D )
On a side note about "Respect each other" I'm sure we all do respect each other (to a certain extent) we all seem to have very different social views though when it comes to the way we perceive what's wrong or right, you only need to look at the Covid thread to see that.... one thing is a certain though, when experienced people give advice to those that are experimenting with ideas, it's not because they're trying to steal their new & upcoming Martingale Strategy, its because they're genuinely trying to stop people from losing a tonne of money.

Some see it as advice & some see it as a battle to prove themselves. Most of these guys giving you advice on this forum have been through every market battle possible and can show the scars to prove it, Martingale being one of them... if you're not listening then that's your loss, the advice has been given, you choose what to do with it, as for your strategy, nobody really gives a shit,.they just wanted to slap you around the face with it until you realised it doent work.
Dr Ginhog
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Very Fairly put and I will take it on board. Enough of Martingale. Im done with discussing it and there was an element of wanting to be proved right which i regret. Its probably best not for me not to be involved in the site anymore except for browsing. I might have to start up my own club of 1. :D
Emmson
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grindhog wrote:
Tue Jun 23, 2020 9:33 pm
Its probably best not for me not to be involved in the site anymore except for browsing. I might have to start up my own club of 1. :D
Most of us have had experiences here where it feels like we're drawing fire for no good reason.
Bear's The Name
Posts: 61
Joined: Thu Mar 05, 2015 9:04 am

Reading this Martingale thread brings back memories of an early betting folly, many moons ago.

It was the hot summer of 1989 and myself and a couple of pals were getting into racing. We came up with the foolproof and original plan to double up on the favourites in the betting shop. We had looked at the racing results each day and noticed that there was normally at least one winning favourite at each meeting. We couldn't lose - as long as the favourite wasn't odds on - if it was we would skip that race.

I should point out that we had never heard of the term "Martingale" and thought we had invented this amazing system that no-one had ever thought of before.

Anyway, we set off for the local Ladbrokes on a sunny afternoon, intending to start with a fiver on a six race card, I don't know where it was, all set to make our fortune.

The first couple of races the favourite lost. OK, we thought, we didn't want to win on the first races anyway, third or fourth would be better with larger stakes.

By the time it got to the fourth race, we were getting uneasy and what was worse was that there were joint favourites at 3/1. We picked the one at the top of the price list - it drifted to 7/2 and lost, and you've guessed it, the other one went into 11/4F and won. We had backed the wrong horse.

After the fifth race went down, we were seriously sweating and out of cash. An argument ensued but we felt we had to see it through and all had to go to the cashpoint and get money out to scrape together the £160 we needed. This was a huge amount for three 19-year-olds at the time - I think I was earning about £2.50 an hour or thereabouts. On top of what we'd already lost we were looking at a week's wages each.

The shop staff didn't have any problems accepting our bets and probably had us marked down as mugs - which we were.

I said sweating, it was more like panicking during the race which seemed to be going badly, but somehow the 5/4f got up on the line. After tax we barely scraped a profit, realised we'd had a very lucky escape and vowed never again!

And I never did.

I don't regret that day - it was a valuable lesson learned, and some years later when I heard all about the Martingale I realised many had been down that same road.
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jimibt
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Bear's The Name wrote:
Wed Jun 24, 2020 9:51 am
Reading this Martingale thread brings back memories of an early betting folly, many moons ago.

It was the hot summer of 1989 ............

I don't regret that day - it was a valuable lesson learned, and some years later when I heard all about the Martingale I realised many had been down that same road.
lovely little real life summary of the emotion and ultimate despair that can ensue in just getting back to evens... (and you were the LUCKY ones)

nice tale!
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

grindhog wrote:
Tue Jun 23, 2020 8:33 pm
I would be prepared to send my sheet to an independent arbitrator "Peter" and let him decide on whether Martingale worked or not. I would have to trust that he not reveal my strategy.
Peter's probably the last person you'd want to send a working martingale system to, he'd milk it to the hilt. Send it to me or simply exploit it at will and gloat from your yacht every so often.

Many of us are winning money from things we're told won't work just get on with it there's little to be gained by proving a point. The market will ultimately tell you if it works.
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Derek27
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The real irony here is having a "strategy" that's designed for or needs the Martingale to work!
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