The Dreaded Martingale

ft9

- Not real money

- Will be mostly favourites backed

- Limited selections each day

- 1st bet €20

- Double up on next selection if beaten

- Prices will be best price available

- No reasoning, I will make a selection purely on favouritism or if there is a gamble

ft9

Bet 1

Thurles 5.45
Berties Dream 11/8 €20

ft9

ft9 wrote: »

Bet 1

Thurles 5.45
Berties Dream 11/8 €20

Winner. Returning €47.50.

Bank €47.50

ft9

Bet 2

Thurles 7.15
Moon Over Mandalay 2/1 €20

ft9

ft9 wrote: »

Bet 2

Thurles 7.15
Moon Over Mandalay 2/1 €20

Pulled up.

Balance €27.50

ft9

Bet 3

Lingfield 4.00
Celtic Charlie 5/2 €40

Balance -€12.50

ft9

ft9 wrote: »

Bet 3

Lingfield 4.00
Celtic Charlie 5/2 €40

Balance -€12.50

Loser. Under pressure now.

Balance -€52.50

ft9

Bet 4

Exeter 4.20
Dukes Art Evens €80

Few seconds late with this there just off

Balance -€132.50

ft9

ft9 wrote: »

Bet 4

Exeter 4.20
Dukes Art Evens €80

Few seconds late with this there just off

Balance -€132.50

Looser.

Hope this is showing how martingales don't work. If it was real money I'd be starting to panic.

ft9

Bet 5

Lingfield 4.30
Dorothy's Dancing 7/4 €160

Balance -€292.50

Martingales do not work. If this bet looses you better hope you have a big bank to regain some losses.

If I was doing this for real I'd keep going untill one comes in, take my money and run.

ft9

ft9 wrote: »

Bet 5

Lingfield 4.30
Dorothy's Dancing 7/4 €160

Balance -€292.50

Martingales do not work. If this bet looses you better hope you have a big bank to regain some losses.

If I was doing this for real I'd keep going untill one comes in, take my money and run.

Wins returning €440

Balance €147.50

28064212

ft9 wrote: »

Martingales do not work....
...If I was doing this for real I'd keep going untill one comes in

Isn't that exactly what a Martingale proponent would say?

Also, horse-racing isn't really a Martingale system since you can change the EV by increasing your knowledge beyond that of the bookies

ft9

28064212 wrote: »

Isn't that exactly what a Martingale proponent would say?

Also, horse-racing isn't really a Martingale system since you can change the EV by increasing your knowledge beyond that of the bookies

Yes exactly. I'm using Horse racing as its most common around here. Fair enough point about knowledge, but imo people who try a system like this have very little knowledge of the sport.

UrbanSea

Wonder how big you could get with this

ft9

UrbanSea wrote: »

Wonder how big you could get with this

I know someone doing exactly this with horses, no knowledge of the sport whatsoever, just going on favourites one race after the next.

Made some money for couple days, and got stung on a day where feck all favourites came in to the tune of almost €1500 when his bank stopped transactions on his card.

UrbanSea

Dodgy ****

ft9

UrbanSea wrote: »

Dodgy ****

I'll be honest I thought I could make some money at this with a little knowledge and thoughtful picking. I said I'd do the log to see how it goes.

Even with virtual money there when I had a few losers and the bank going deep in the red I found myself getting a little panicky.

If it was real money I imagine things would get pretty desperate.

ft9

Bet 6

Ludlow 4.20 (from Rodeos log)
Elsafeer 3/1 €20

Balance €127.50

Just saying, Martingale does work, if you have unlimited funds and are stupid.

ft9

ft9 wrote: »

Bet 6

Ludlow 4.20 (from Rodeos log)
Elsafeer 3/1 €20

Balance €127.50

Lose

ft9

Bet 7

Newcastle to beat Swansea 2/1 €40

Balance €87.50

ft9

Deleted User wrote: »

Just saying, Martingale does work, if you have unlimited funds and are stupid.

Firstly there is no such thing as unlimited funds so you can scratch that notion.

Secondly stupidity is not a requirement to be successful, in fact its the very opposite.

So essentially you are saying it does not work.

ft9

ft9 wrote: »

Bet 7

Newcastle to beat Swansea 2/1 €40

Balance €87.50

Wins returning €120

Balance €207.50

budthewiser

Liking the log,will be interesting to see it leads.might even open my online account again!

yaaaboy

Ah I tried this system many times before, made some quick gains but always got caught out in the end. Was so nice when it worked but favourites generally win 33% of the time (horse racing) so how do you know your picking the right ones? If you are backing evens favourites they will have to win over 50% of the time to turn a profit and so on.

Came to the conclusion that nobody can possibly make decent money in the long term backing favourites.. The only time a bookie loses money is when the favourites win - and bookies make millions in profit every year.

I figure the only way to do it is if you have a confident selection every now and then with inside info or something and hammer into it, bookies dont even care about taking big bets anymore because most of their profit is coming from the mugs playing roulette and slot machines etc...

Huntley

Best of luck with this ft9.

Picking favourites can certainly reap rewards, selectivity is key.

ft9

Bet 8

Fairyhouse 4.30
Flemenstar 6/5 €20

Balance €187.50

ft9

ft9 wrote: »

Bet 8

Fairyhouse 4.30
Flemenstar 6/5 €20

Balance €187.50

Chicken dinner job.

Balance €231.50

ft9

Bet 9

Fairyhouse 4.10
Teelin Star evens €20

Bit of info for this one

Balance €211.50

ft9

ft9 wrote: »

Bet 9

Fairyhouse 4.10
Teelin Star evens €20

Bit of info for this one

Balance €211.50

Lose.

Balance €211.50

ft9

Bet 10

Fairyhouse 7.00
Salsify 2/1 €40

Balance €171.50