# Martingale Bot Review: 200% ROI Telegram bot Ponzi

Martingale Bot doesn’t operate from a website. Instead it’s a bot run on Telegram.

We’ll get more into this in the conclusion of this review. With respect to due-diligence though:

- Martingale Bot doesn’t disclose who owns the opportunity
- Martingale Bot has an MLM compensation plan and operates as an MLM opportunity.

**As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.**

## Martingale Bot’s Products

Martingale Bot has no retailable products or services.

Affiliates are only able to market Martingale Bot affiliate membership itself.

Martingale purportedly sells a trading bot of unknown origin for $150,000. This however has nothing to do with Martingale Bot’s MLM opportunity.

## Martingale’s Compensation Plan

Martingale Bot affiliates invest $100 to $200,000 in bitcoin. This is done on the promise of a 1% a day return, capped at 200%.

Once 200% is reached, reinvestment is required to continue earning.

Martingale Bot pays referral commissions on invested funds via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Martingale Bot caps payable unilevel team levels at ten.

Referral commissions are paid as a percentage of bitcoin invested across these ten levels as follows:

- level 1 (personally recruited affiliates) – 8%
- level 2 – 5%
- level 3 – 2%
- levels 4 to 6 – 1%
- levels 7 to 10 – 0.5%

How many levels a Martingale Bot affiliate earns referral commissions on is tied to recruitment:

- recruit one affiliate = earn on level 1
- recruit two affiliates = earn on levels 1 and 2
- recruit three affiliates = earn on levels 1 to 3 and so on

To count towards referral commission qualification, recruited affiliates must have an active investment.

## Joining Martingale Bot

Martingale Bot affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $100 investment in bitcoin.

After a 200% ROI has been realized, reinvestment is required to continue earning.

## Martingale Bot Conclusion

Telegram bot MLM Ponzi schemes started in 2016. After a few exit-scams and Telegram preemptively shutting a few down, they kinda died off.

Now someone is trying to bring them back.

Martingale Bot’s Ponzi ruse is a betting bot.

We have created and tested a script that runs on a bot on any computer that will log in to any online casino and place bets according to the set of rules we have defined in the bot.

We chose a proven strategy and we have tested this strategy for over 1000s of hours individually and using the automated bot and made a lot of profits.

That’s of course all baloney. Martingale Bot is a simple Ponzi scheme that will run while there’s invested bitcoin to steal. When that runs out it’ll collapse, leaving the majority of investors with a loss.

In an attempt to convince gullibles to invest, Martingale Bot offers direct access to its bot for $150,000.

The kind of people that sign up to lose money in shady Telegram bot Ponzis aren’t giving $150,000 to randoms over the internet.

And that’s exactly what Martingale Bot is betting on (no pun intended).

Lazy people are attracted to Ponzi schemes. Even if they had $150,000 to lose they’re not interested in wasting time setting up a bot and connecting it to casinos (who are apparently now fine with losing money :rolleyes:).

They want to go on Telegram, type in a few commands and think they’re earning 1% a day.

If you want to read up on the brief Telegram MLM Ponzi bot fad of 2016-2018, here’s some further reading:

- Lara With Me (2016, shut down by Telegram within a few months)
- Business Bot Incubator (2016)
- Robinhood Global (2017)
- V-Tec (2017)
- Alpha Cash (2017)
- iCenter (2018, collapsed in a few months)
- The Berlin Group (2018, collapsed in a few months and was rebooted over and over again)
- Minerva Trading Bot (2019)
- Cryptify Trading (2020)
- Phenomenal Club (2021)

Telegram has been turning a blind eye to fraud for years so them doing anything about Martingale Bot is unlikely.

When Martingale Bot inevitably collapses, we’ll probably see a few more reboots (with different ruses). That’ll carry on till the owner of this new Ponzi bot runs out of reboot victims.

Interesting they chose martingale as it’s an actual betting term, though anybody worth their salt in the betting world will know it’s a failure:

en.wikipedia.org/wiki/Martingale_(betting_system)

Intuitive analysis

The fundamental reason why all martingale-type betting systems fail is that no amount of information about the results of past bets can be used to predict the results of a future bet with accuracy better than chance.

In mathematical terminology, this corresponds to the assumption that the win–loss outcomes of each bet are independent and identically distributed random variables, an assumption which is valid in many realistic situations.

It follows from this assumption that the expected value of a series of bets is equal to the sum, over all bets that could potentially occur in the series, of the expected value of a potential bet times the probability that the player will make that bet.

In most casino games, the expected value of any individual bet is negative, so the sum of many negative numbers will also always be negative.

The martingale strategy fails even with unbounded stopping time, as long as there is a limit on earnings or on the bets (which is also true in practice).

It is only with unbounded wealth, bets and time that it could be argued that the martingale becomes a winning strategy.A bot using Martingale strategy just automates your losses – this one just more so

Yeah, even if you buy into the BS, casino games aren’t 50/50 to begin with.

I didn’t go into it because I’m not familiar with the intricacies (math, run!) and it’s just a ruse – there is no gambling bot.

The Martingale system is actually very straightforward – which is good when you’re trying to sell a get-rich-quick system to complete idiots.

Let’s say you’re betting on red or black at roulette. The Martingale system is that every time you lose, you bet double next time. That’s it.

You don’t need to be a mathematician to know that with a (just under) 50% chance of winning, it’s literally a certainty that you’ll win “eventually”.

Let’s say it takes five goes before you win and you start with £10. You have bet £10 + £20 + £40 + £80 + £160 = £310 and have won £160×2 = £320, for a “guaranteed” net £10.

Then you just start again from the beginning until you win again. Doesn’t matter if you get a red on the first go or the 1,000th, eventually you win £10. Infinite money glitch!

It doesn’t matter that it’s not 50/50 due to the house edge (green squares in roulette). Even if there were a billion green squares on the wheel, it’s a mathematical certainty you’d eventually hit red and win £10 net.

Just one small problem with the Martingale: it only works if you have infinite money to start with.

Otherwise it is also a mathematical certainty that eventually you will have a long enough losing streak that either you run out of money. Or run out of nerve.

Naturally this has nothing to do with the Martingale bot, which is a simple Ponzi scheme.

It does help explain why “Martingale” is a good way to sell a Ponzi to mugs. Many people only get as far as the words “infinite money glitch!” and ignore the rest.