If your bank roll is bigger than the dice site, depending on the value of the bankroll site, you could beat it. If the dice sites bankroll is roughly 1000 BTC you probably won't beat it unless you get extremely lucky.
Dice sites aren't made to go broke, they have a house edge and made to make money!
Topic: Beat a dice site using martingale (Read 4024 times)
no, if your bankroll is bigger than the site's maybe you can beat it !
Depends on how much bigger, and what the value of both are. But odds are, you still probably won't beat it.
You can't beat a dice site unfortunately. They have a house edge. That means they will win more than you
This.
You can invest in a few dice sites fortunately and get profit as the house wins, but you have to trust the site for not running away or scamming.
I don't feel like this. market trading will just destroy your life, because you'll never be able to be anywhere without constantly looking at prices of things you've invested in.
That's why some smart ppl developed trading bots and some other scriptable trading apps...
If you learn poker or something, you will lose a lot of money getting to the point at which you're actually decent and at that point the game will simply not be fun to you anymore.
...and this is why some other smart ppl developed poker sites and apps where you can practice without losing too much
.no, if your bankroll is bigger than the site's maybe you can beat it !
Depends on how much bigger, and what the value of both are. But odds are, you still probably won't beat it.
then it depends on luck, if your bankroll if bigger than site's !
With gambling it's always best to learn a game requiring skill such as poker or trading markets rather risking money on fixed odds.
I don't feel like this. market trading will just destroy your life, because you'll never be able to be anywhere without constantly looking at prices of things you've invested in.If you learn poker or something, you will lose a lot of money getting to the point at which you're actually decent and at that point the game will simply not be fun to you anymore.
Gambling is supposed to be a fun activity and fixed odds gambling is something that anybody can do without being completely ripped off and without worrying about it all day.
no, if your bankroll is bigger than the site's maybe you can beat it !
Depends on how much bigger, and what the value of both are. But odds are, you still probably won't beat it.
You can't beat a dice site unfortunately. They have a house edge. That means they will win more than you
no, if your bankroll is bigger than the site's maybe you can beat it !
You can't beat a dice site unfortunately. They have a house edge. That means they will win more than you
I consider these words as red flags:
BEAT
USE MARTINGALE
BEAT
USE MARTINGALE
I think the dice site will beat you if you use martingale
And martingale isn't good if you don't have much money to start
Usually it's safe for short term & little profit
And martingale isn't good if you don't have much money to start
Usually it's safe for short term & little profit
Primedice seem to "provide" more long losing streaks than other gambling sites.
But primedice also has more players than most other gambling sites and maybe that does matter...
But primedice also has more players than most other gambling sites and maybe that does matter...
I have exactly the same feeling about PD. But I think the reason is the size of house edge, not the number of players.
See both matters, house edge is only 1% doesn't make much effect but the more players do !
Primedice seem to "provide" more long losing streaks than other gambling sites.
But primedice also has more players than most other gambling sites and maybe that does matter...
But primedice also has more players than most other gambling sites and maybe that does matter...
I have exactly the same feeling about PD. But I think the reason is the size of house edge, not the number of players.
I don't think it's possible by simply using martingale. If it would be, then we all would be dirty rich and casino owners would begging for change.
The expected value of any sort of betting strategy is negative. There is no way to 'optimize' your betting (martingale or otherwise) in order to be profitable in the long run. If you like to gamble (dont we all?), do so, but know that it is only entertainment for you and not a way to get rich.
Exactly and if you take it seriously and think you can make aliving out of this, its almost impossible !
The expected value of any sort of betting strategy is negative. There is no way to 'optimize' your betting (martingale or otherwise) in order to be profitable in the long run. If you like to gamble (dont we all?), do so, but know that it is only entertainment for you and not a way to get rich.
In short term yes, but in long term NOT.
With gambling it's always best to learn a game requiring skill such as poker or trading markets rather risking money on fixed odds.
No fuck that, that requires time and effort. Its much better just to figure out how to beat a dice or a roulette and be set for life.
There is no chance using martingale
Did it many times. But eventually you will loose.
Martingale at PD? Come on.... There is no chance.
LOL...yeah.!! there must be millions of ppl who have tried and failed miserably on PD martingaling.! GL..whoever is planing to try it in the future!
PD sucks!
You will eventually end up losing.
lol me too
I couldnt get profit on it.
Primedice seem to "provide" more long losing streaks than other gambling sites.
But primedice also has more players than most other gambling sites and maybe that does matter...
The funny part is that I expect that most of the players complaining about primedice actually try to get rich gambling the faucet money.
You can beat it for a short period.. But martingale applicated in a long period is a suicide! Is the best way lo to lose all your money!
Did it many times. But eventually you will loose.
Martingale at PD? Come on.... There is no chance.
LOL...yeah.!! there must be millions of ppl who have tried and failed miserably on PD martingaling.! GL..whoever is planing to try it in the future!
PD sucks!
You will eventually end up losing.
lol me too
I couldnt get profit on it.
Primedice seem to "provide" more long losing streaks than other gambling sites.
But primedice also has more players than most other gambling sites and maybe that does matter...
The funny part is that I expect that most of the players complaining about primedice actually try to get rich gambling the faucet money.
Never use martingle. You will lose all of your money someday. The lose streak can be more than 10+ times
Did it many times. But eventually you will loose.
Martingale at PD? Come on.... There is no chance.
LOL...yeah.!! there must be millions of ppl who have tried and failed miserably on PD martingaling.! GL..whoever is planing to try it in the future!
PD sucks!
You will eventually end up losing.
lol me too
I couldnt get profit on it.
If you want to use that technique you'll have to start with big money and do very small bets. This will give you a chance if you'll lose 10 or even 20 in a row.
But what happens if (I know, the chance is small, but it CAN happen!) you lose 30 in a row?
Conclusion: try to not play more than you afford to lose and take it like a game, not as an investment (invertment, lol!)
But what happens if (I know, the chance is small, but it CAN happen!) you lose 30 in a row?
Conclusion: try to not play more than you afford to lose and take it like a game, not as an investment (invertment, lol!)
I had a win turning 0.5BTC into 1BTC using my own martingale technique... check out how I did it here - http://www.coingamblingreviews.com/bitcoin-martingale-coin-sweeper/
It's always a zero sum game if you stick it with for too long.
Gambler will not be profit at the end.
Gambler will not be profit at the end.
Did it many times. But eventually you will loose.
Martingale at PD? Come on.... There is no chance.
LOL...yeah.!! there must be millions of ppl who have tried and failed miserably on PD martingaling.! GL..whoever is planing to try it in the future!
PD sucks!
You will eventually end up losing.
lol me too
I couldnt get profit on it.
I don't know if people realize this or not, but dice sites all have a house edge. Which means the more games you play, the more likely you are to lose. Its simple math no matter what you do, the more you play, the more likely you are to lose.
Did it many times. But eventually you will loose.
Martingale at PD? Come on.... There is no chance.
LOL...yeah.!! there must be millions of ppl who have tried and failed miserably on PD martingaling.! GL..whoever is planing to try it in the future!
PD sucks!
You will eventually end up losing.
Here's an interesting piece of information; the longest recorded streak of one color in roulette is supposedly 32 times in an American casino (sorry, no source).
That would mean that if you would apply Martingale and bet 1 milli-bitcoin (0.001 BTC) on the losing color for that particular outcome you would be about 2 147 483 BTC down the hole at the end.
That would mean that if you would apply Martingale and bet 1 milli-bitcoin (0.001 BTC) on the losing color for that particular outcome you would be about 2 147 483 BTC down the hole at the end.
Even though I know very well that martingale (and any other so called strategies) doesn't work mathematically and realistically, I still can't resist in using it sometimes and end up losing my bitcoin. 
Did it many times. But eventually you will loose.
Martingale at PD? Come on.... There is no chance.
LOL...yeah.!! there must be millions of ppl who have tried and failed miserably on PD martingaling.! GL..whoever is planing to try it in the future!
Is there anyone that has thought about beating a dice site using martingale?
If it was possible then every dice site would be broke. Best strategy is to hit and run with maybe a modified martingale
I do ok on it. just have to know when to bet, stop, bet more
Impossible, unless the site has flaws...
the method of doubling every loss.. it would matter based on the size of your bank roll.
i mean it works for short term though, this is my observation.
i mean it works for short term though, this is my observation.
maybe if you have 1,000BTC bankroll and do basebet of .001
this bankroll is not enough for this basebet
20 streak of losses will take 1048.576 BTC
and 20 streak of losses is very possible
I used martingale on pd, and it sucked lol.
trust me dont use it, if anything you`ll grow the balance by a bit not a lot.
trust me dont use it, if anything you`ll grow the balance by a bit not a lot.
Using Martingale is like playing Russian Roulette. Each time you pull the trigger and the gun doesn't go off you win a little bit. At the very least you want to use some statistical analysis or Monte Carlo simulations to figure how long you can go before the next play gives you N% chance of you wiping out your account. The smaller your starting bet and the bigger your account, the more empty chambers the the revolver has.
best example ever
be in your mind; 1 satoshi bet becomes 343.5btc after 35 times of loses.
I personally experienced 20 reds in a row on a x2 bet. And considering the most dice sites pay 20-30btc max, you can only lose 30times and you must win the 31st, if you lose the 31st bet you can always cry in a corner silently. i will be there to pat your shoulder.
and after all, even if you win you ll get only 1 sato:D:D
I personally experienced 20 reds in a row on a x2 bet. And considering the most dice sites pay 20-30btc max, you can only lose 30times and you must win the 31st, if you lose the 31st bet you can always cry in a corner silently. i will be there to pat your shoulder.
and after all, even if you win you ll get only 1 sato:D:D
Is there anyone that has thought about beating a dice site using martingale?
It's a +EV strategy only if you have an infinite bankroll
It might even be a +EV strategy if your bankroll can take 35 streak of losses. Never heard anymore, and have done a few simulations.
Never came over that, but that might also mean that your first bet would be like 1 satoshi, which would be pointless.
There is no +EV strategy for gambling. Perhaps if you had a greater bankroll than the house, but this is limited by a limit on your maximum bet return.
It will still have a negative EV, no matter how much gambling fund you have.
And what is the point of gambling if you have an infinite bankroll lol?
You're right, I'm not sure why I mentioned the possibility of a positive EV strategy, I wasn't thinking when I wrote that. What I meant is that if you have a greater bankroll than the house, you could have a greater chance of beating the house than busting, although it would still be -EV. This doesn't work in practice though since there is usually a maximum % of the house's bankroll that can be won per bet.
One does not simply beat fixed odds
Martingale is pretty dangerous cos it sucks many a newb in. It seems like you can't lose at first as you always win your money back plus more, but then you hit that loss streak and bust within a few seconds. Most people learn the hardway but there is no foolproof way to beat the house unfortunately.
Is there anyone that has thought about beating a dice site using martingale?
Anyone can, you just need infinite money. Seriously though even if anyone was it wouldn't mean martingale is any more effective then currently.
I think that martingale strategy could be work only for short terms and with a good initial stack.
Assume I got 100000 BTC.
I start doing martingale from 1 BTC.
I will lose out, because I will reach a point in which the bet I should be playing will be greater than the max bet allowed in the particular site.
Plus, there is an additional problem of house edge.
So, your expected return is negative, at least in theory.
Personally, I never use martingale, and I am not interested in dice sites too.
I start doing martingale from 1 BTC.
I will lose out, because I will reach a point in which the bet I should be playing will be greater than the max bet allowed in the particular site.
Plus, there is an additional problem of house edge.
So, your expected return is negative, at least in theory.
Personally, I never use martingale, and I am not interested in dice sites too.
But what if you had 10000 btc and started off betting 0.000001? I can't imagine you'll hit a loss streak big enough to hit that loss streak as long as you don't play for infinity and quit whilst you have a decent profit.
Yup the chance for such a long loss streak is extremely small, but don't forget how many rolls you need to do to get a "decent profit".
In your example, you will gain 0.000001 bitcoin for every win, so you will need to win 1,000,000 rounds in order to win 1 bitcoin (just 0.01% of your original 10000 bitcoin).
Assume I got 100000 BTC.
I start doing martingale from 1 BTC.
I will lose out, because I will reach a point in which the bet I should be playing will be greater than the max bet allowed in the particular site.
Plus, there is an additional problem of house edge.
So, your expected return is negative, at least in theory.
Personally, I never use martingale, and I am not interested in dice sites too.
I start doing martingale from 1 BTC.
I will lose out, because I will reach a point in which the bet I should be playing will be greater than the max bet allowed in the particular site.
Plus, there is an additional problem of house edge.
So, your expected return is negative, at least in theory.
Personally, I never use martingale, and I am not interested in dice sites too.
But what if you had 10000 btc and started off betting 0.000001? I can't imagine you'll hit a loss streak big enough to hit that loss streak as long as you don't play for infinity and quit whilst you have a decent profit.
I have tried,but it is not a good system,you have to have a large bank to get a good profit,and a solid system
however,the site edge can beat you
however,the site edge can beat you
Is there anyone that has thought about beating a dice site using martingale?
It's a +EV strategy only if you have an infinite bankroll
It might even be a +EV strategy if your bankroll can take 35 streak of losses. Never heard anymore, and have done a few simulations.
Never came over that, but that might also mean that your first bet would be like 1 satoshi, which would be pointless.
There is no +EV strategy for gambling. Perhaps if you had a greater bankroll than the house, but this is limited by a limit on your maximum bet return.
It will still have a negative EV, no matter how much gambling fund you have.
And what is the point of gambling if you have an infinite bankroll lol?
If you try use martingale
The dice site will beat you
My record is from faucet (600 satoshi) become 20k satoshi
And after that, i lose all
That's true, but the reality is opposite & that's why now there are lot dice site because the famous martingale trick
The dice site will beat you
My record is from faucet (600 satoshi) become 20k satoshi
And after that, i lose all
if martingale works, i think most dice sites would be out of business.. just saying lol.
That's true, but the reality is opposite & that's why now there are lot dice site because the famous martingale trick
Is there anyone that has thought about beating a dice site using martingale?
It's a +EV strategy only if you have an infinite bankroll
It might even be a +EV strategy if your bankroll can take 35 streak of losses. Never heard anymore, and have done a few simulations.
Never came over that, but that might also mean that your first bet would be like 1 satoshi, which would be pointless.
There is no +EV strategy for gambling. Perhaps if you had a greater bankroll than the house, but this is limited by a limit on your maximum bet return.
Over the long term, you cannot win by gambling against the odds. Martingale doesn't change the odds. Save your money.
if martingale works, i think most dice sites would be out of business.. just saying lol.
What do you mean by "beat a dice site"?
If you want to get a gambling profit, you could do so if you are lucky.
If you want to have an advantage over the house, then no it is not possible.
If you want to get a gambling profit, you could do so if you are lucky.
If you want to have an advantage over the house, then no it is not possible.
guess he means make the house edge negative, that is, you expected to win.
It is impossible unless you find a way to hack the site, no matter if you use martingale or any other betting system or not
What do you mean by "beat a dice site"?
If you want to get a gambling profit, you could do so if you are lucky.
If you want to have an advantage over the house, then no it is not possible.
If you want to get a gambling profit, you could do so if you are lucky.
If you want to have an advantage over the house, then no it is not possible.
does anyone know the win percent to use it? like when you do win rolls. 5% more wins?
I find it weird that people who use bitcoins, which are generated in a purely random method, can't get the point that it is impossible to beat the odds on gambling games. If the house has an edge, they will "win". The rate at which they win is based on that statistical edge, and it's different for every game.
In the real world, it's best to play balanced games with a minimal house edge. Craps is a good example: If they load the dice somehow you can simply play the don't pass/don't come and win over the house. Frankly speaking it's impossible for the house to cheat (the only reason the house maintains an edge against the don't bettor is because a 12 is a push, not a payout on a come-out roll. That's literally it).
However electronically someone can rig the program regardless of the bettor, so electronic games can't be inherently balanced.
Anyway, moral is if you gamble and are not the house you will lose. Always. That is why Vegas is built with all those pretty buildings and fountains.
Just like a block will drop every 10 minutes.
In the real world, it's best to play balanced games with a minimal house edge. Craps is a good example: If they load the dice somehow you can simply play the don't pass/don't come and win over the house. Frankly speaking it's impossible for the house to cheat (the only reason the house maintains an edge against the don't bettor is because a 12 is a push, not a payout on a come-out roll. That's literally it).
However electronically someone can rig the program regardless of the bettor, so electronic games can't be inherently balanced.
Anyway, moral is if you gamble and are not the house you will lose. Always. That is why Vegas is built with all those pretty buildings and fountains.
Just like a block will drop every 10 minutes.
Is there anyone that has thought about beating a dice site using martingale?
It's a +EV strategy only if you have an infinite bankroll
It might even be a +EV strategy if your bankroll can take 35 streak of losses. Never heard anymore, and have done a few simulations.
Never came over that, but that might also mean that your first bet would be like 1 satoshi, which would be pointless.
The streak of 35 losses is the most curious thing I've ever heard. It's a probability of ~2,9*10ˆ-11...
I just got hit by a 25 loss streak which is pretty rare on 3.30x payout on Primedice today. The longer you play, the probability of getting busted approaches towards 1 at a faster rate.
streak of 25 at 3.3x is not that uncommon. However at 50% it would be.
Martingale is a +EV strategy...if you bet 0.
If you bet real money, you will end up in so much loss that you will cry.
If you bet real money, you will end up in so much loss that you will cry.
Lol. I believe the only strategy that is geniune +EV is win the first bet and then GTFO.
Is there anyone that has thought about beating a dice site using martingale?
It's a +EV strategy only if you have an infinite bankroll
It might even be a +EV strategy if your bankroll can take 35 streak of losses. Never heard anymore, and have done a few simulations.
Never came over that, but that might also mean that your first bet would be like 1 satoshi, which would be pointless.
The streak of 35 losses is the most curious thing I've ever heard. It's a probability of ~2,9*10ˆ-11...
I just got hit by a 25 loss streak which is pretty rare on 3.30x payout on Primedice today. The longer you play, the probability of getting busted approaches towards 1 at a faster rate.
Martingale is a +EV strategy...if you bet 0.
If you bet real money, you will end up in so much loss that you will cry.
If you bet real money, you will end up in so much loss that you will cry.
Is there anyone that has thought about beating a dice site using martingale?
It's a +EV strategy only if you have an infinite bankroll
It might even be a +EV strategy if your bankroll can take 35 streak of losses. Never heard anymore, and have done a few simulations.
Never came over that, but that might also mean that your first bet would be like 1 satoshi, which would be pointless.
The streak of 35 losses is the most curious thing I've ever heard. It's a probability of ~2,9*10ˆ-11...
Is there anyone that has thought about beating a dice site using martingale?
It's a +EV strategy only if you have an infinite bankroll
It might even be a +EV strategy if your bankroll can take 35 streak of losses. Never heard anymore, and have done a few simulations.
Never came over that, but that might also mean that your first bet would be like 1 satoshi, which would be pointless.
Martingale doesn't work on long-term view. The house edge always keeps the casinos bankroll safe.
If you have much more money than the site, you will have high probability to beat the site.
wtf? in this case they cant pay out when you win high... this is only bad for the gamblerIf they own you money and go bankruptcy instead of running away, you will still get some profit back.
But I guess they will probably run away, so it's still better to gamble in an exchange, which is usually fair and secure and has much smaller house edge.
If you have much more money than the site, you will have high probability to beat the site.
wtf? in this case they cant pay out when you win high... this is only bad for the gamblerIf they own you money and go bankruptcy instead of running away, you will still get some profit back.
If you have much more money than the site, you will have high probability to beat the site.
wtf? in this case they cant pay out when you win high... this is only bad for the gambler the method of doubling every loss.. it would matter based on the size of your bank roll.
i mean it works for short term though, this is my observation.
i mean it works for short term though, this is my observation.
maybe if you have 1,000BTC bankroll and do basebet of .001
If you have much more money than the site, you will have high probability to beat the site.
Is there anyone that has thought about beating a dice site using martingale?
It's a +EV strategy only if you have an infinite bankroll
Assume I got 100000 BTC.
I start doing martingale from 1 BTC.
I will lose out, because I will reach a point in which the bet I should be playing will be greater than the max bet allowed in the particular site.
Plus, there is an additional problem of house edge.
So, your expected return is negative, at least in theory.
Personally, I never use martingale, and I am not interested in dice sites too.
I start doing martingale from 1 BTC.
I will lose out, because I will reach a point in which the bet I should be playing will be greater than the max bet allowed in the particular site.
Plus, there is an additional problem of house edge.
So, your expected return is negative, at least in theory.
Personally, I never use martingale, and I am not interested in dice sites too.
Agreed in principle. You need an almost unlimited bankroll to be safe with Martingale (Martinfail to me
). Even if you have that kind of a huge bankroll, it is still not going to help if the site you are betting on has a lower max bet. So before you try and experiment with this (which i think would be crazy) i suggest you find a site which allows huge maxbet. You don't want to run into that maxbet wall. I have hit the maxbet wall once and believe me, it didn't feel good at all! Did it many times. But eventually you will loose.
Martingale at PD? Come on.... There is no chance.
Assume I got 100000 BTC.
I start doing martingale from 1 BTC.
I will lose out, because I will reach a point in which the bet I should be playing will be greater than the max bet allowed in the particular site.
Plus, there is an additional problem of house edge.
So, your expected return is negative, at least in theory.
Personally, I never use martingale, and I am not interested in dice sites too.
I start doing martingale from 1 BTC.
I will lose out, because I will reach a point in which the bet I should be playing will be greater than the max bet allowed in the particular site.
Plus, there is an additional problem of house edge.
So, your expected return is negative, at least in theory.
Personally, I never use martingale, and I am not interested in dice sites too.
Using Martingale is like playing Russian Roulette. Each time you pull the trigger and the gun doesn't go off you win a little bit. At the very least you want to use some statistical analysis or Monte Carlo simulations to figure how long you can go before the next play gives you N% chance of you wiping out your account. The smaller your starting bet and the bigger your account, the more empty chambers the the revolver has.
Martingale is work if you do it for short term & have a lot money to start
And about 1% from your bankroll for starter
Most user like martingale, that's why there are many dice site now
And about 1% from your bankroll for starter
Most user like martingale, that's why there are many dice site now
Here's the thing with the martingale system:
1, it works in the short term, by prolonging the losses
and 2, you don't lose as much when using the martingale, however, when you win, the wins are smaller and when you lose, the losses are massive.
So if you want to use the martingale, especially on a dice site, here's what I suggest:
Go in with a small amount of money relative to your total bankroll. You should go in with max, 2.5% of your total bankroll. Your goal will be to win a reasonable amount of money relative to what you went in with, (anywhere from 10-50% ROI). If you lose, however, prepare to lose everything that you went in with. That's why you only go in with a tiny amount relative to your total bankroll.
Don't stop rolling the dice until you've hit your reasonable win goal.
The point of this simple strategy is to take advantage of the fact that you don't see a really long losing streak all that often, so when you do happen to hit one, (and it will happen, trust me) you'll only lose a small amount of money relative to your bankroll. Hopefully, you can get enough of those winning sessions to outweigh the losses.
1, it works in the short term, by prolonging the losses
and 2, you don't lose as much when using the martingale, however, when you win, the wins are smaller and when you lose, the losses are massive.
So if you want to use the martingale, especially on a dice site, here's what I suggest:
Go in with a small amount of money relative to your total bankroll. You should go in with max, 2.5% of your total bankroll. Your goal will be to win a reasonable amount of money relative to what you went in with, (anywhere from 10-50% ROI). If you lose, however, prepare to lose everything that you went in with. That's why you only go in with a tiny amount relative to your total bankroll.
Don't stop rolling the dice until you've hit your reasonable win goal.
The point of this simple strategy is to take advantage of the fact that you don't see a really long losing streak all that often, so when you do happen to hit one, (and it will happen, trust me) you'll only lose a small amount of money relative to your bankroll. Hopefully, you can get enough of those winning sessions to outweigh the losses.
Is there anyone that has thought about beating a dice site using martingale?
You cannot beat a gambling site in the long run. Apart from getting a losing streak there is also a factor of bankroll decreasing,
due to which bankroll decreases and this could be bad for the gambler in some ways.
the method of doubling every loss.. it would matter based on the size of your bank roll.
i mean it works for short term though, this is my observation.
i mean it works for short term though, this is my observation.
maybe if you have 1,000BTC bankroll and do basebet of .001
the method of doubling every loss.. it would matter based on the size of your bank roll.
i mean it works for short term though, this is my observation.
i mean it works for short term though, this is my observation.
With gambling it's always best to learn a game requiring skill such as poker or trading markets rather risking money on fixed odds.
Did it many times. But eventually you will loose.
Is there anyone that has thought about beating a dice site using martingale?
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