Topic: Bitcoin Martingale Experiment - 0.5BTC into 1BTC (Read 6199 times)

Nice job, although you got really lucky. Other people may have lost all of their BTC.

EDIT: Deposited $1.50 and lost 9 times in a row.

yeah, very low in theory, but once I saw a thread, it says one guy lost 30 losses in a row in Primedice with 2X ...

It seems impossible, right? But adidas tells us: impossible is NOTHING   

The chance of having 10 losses in a row is very low, but if you play with martingale you are going to make at least hundreds of bets, it is not uncommon to have a bad streak.

I didn't bump it a guy posted before me and h bumped it which made me see this post. Didn't even realize it was 3 months old lol

Martingale is dangerous, if you are not lucky, you will lose everything, dude. The probability is always happening, although 10-20 lost in a row is very tiny possible.  


There are many people had 10 or more lose streak because of poor luck,.

It maybe bad but it's still pretty fun! I was hooked doing it!

i think use martingale is bad for play here.. because the bom can be back 4-5 times in same place don't all in your bicoin ballance at your account(coin-sweeper)

You did it congrats!!!!
I will be depositing some bitcoins and will try your method

Great to go here with it i think )

i dont think adding 90% would help. what if you did martingale came up, then lost. Then betted again lose at 90%.

cant you use this, plus a 90% method if you lose the intial balance wager.  in theory it may work, not sure if anyone tried it though.

I deposit 0.01BTC and lost it all, lol.
But it's fun

Divide the bets by 5 in the chart posted in the first post. Realize though, your odds of doubling your investment using martingale are much worse then if you were to make a single, all-in bet.

can this work with .1 btc? if we dont have like .5 to work with?

The martingale strategy doesnt always work, I can assure you that as I used to play dice and would cap out sometimes and lose stupid amounts.

Alright I am about to do this experiment again but with Bitwheel.io this time! Check out the thread here - https://bitcointalksearch.org/topic/--896198

GOOD luck for you, it is difficult to double your money from gambling, it depends on your luck. I like trading.

if its a huge risk why do it anyways lol.

i mean to me, i feel like its a slow way of losing your balance. id rather bet one time and hope for a win lol.

Not even short term, it's some sort of "safe" betting, where you need to set a goal to yourself when to back out, sometimes you reach your goal, sometimes you end up losing all your investment, but you already calculated that investment, and you know good and well you could afford to lose it.

so if i get from some peoples responses, martingale does work but in short term.

haha best comment I have read yet! That is why we all gamble

Nothing is boring when you're making profit, haha

This technique is preety Cool
But i already knows this 

I used this technique in Coin flip game
whenever i losses i double my bet to recover the losses plus my profit
This system worked for me at the beginning and i turned my 0.03btc to almost 0.23btc
But 1 Day i lost everything
Gambling are made for fun, they are not our life

Today you Won. You are lucky, just cashout because tomorrow or 1 day you gonna Lost.

Yeah games of skill worry me a bit. It means I am going to get punished until I get good at the game and probably lose a lot...

Well the game itself is very simple and has no skills elements, which some people consider as a good feature.

Coin sweeper is pretty boring though

OP has successfully turned 0.5 btc to 1.05724791 btc, and withdrawn his balance without losing his mind and keep on gambling.

looks like a good setup. maybe you can start with a lower initial bet like 0.0003

So how the experiment went?

Massive luck. I'm almost tempted to try the same, but something tells me my results are going to be completely the opposite of yours, lol

Well done lady luck was shining down on you but I do enjoy coin-sweeper when I'm not playing poker.

I see a few more players are using my affiliate link for Coin-Sweeper

Is anyone else trying my martingale technique? If so how have you gone?

So after putting out this post with my affiliate link it looks like a few people played Coin Sweeper... My link is below if you want to play using it
https://www.coin-sweeper.com/coinsweeper?a=coingamblingreviews

Exactly 39 people have clicked the link over the last week and 10 people have deposited and played. From that I made BTC0.00789420 in Affiliate revenue... A bit low but hopefully they continue to play...

Screenshot of affiliate page and income is below:

Lost 0.06 trying to win,with the same strategy at the 3rd time.DO not do this in the long run!

Congrats for your winning, maybe I will try your technique when I get paid from this signature campaign. It's really fun playing coin sweeper, 99% of luck is involved

I like your decision tree! And you are right I do not mean to misinform anyone on the martingale strategy!

The reason I was taking so many screenshots while playing is that I fully expected to lose everything and write an article explaining why Martingale doesn't work! 

No I am not apart of the paid signature campaign. I have been in their affiliate program for a while now and think I make more BTC's by using my referral link

Thank you for sharing  your strategy, but I will try it only on faucet like freedoge.co.in... in short with free money 

OP, congrats on your win!

Read your well-written article - unfortunately, most gamblers might think they can do the same and double their bitcoin.

..... know when "to fold 'em, hold 'em, walk away or run"!

Yeah but he had a big chance to loose everything, i would not recommend to do this.

nice bro, looks easy earn bitcoin with martingale

I think there is a signature campaign

Are u getting paid for wearing this signature?

congrats bro

nice win on coin-sweeper!!!

great doubling strategy

hope i can do the same in the future

also good luck in future!!

Tried this strategy 2 times,won 2 times with 0.01 start to 0.03.Bets were edited by me.

haha I think I lose 7/8 times if I do this!

Martingale is one of the classics in gambling, it sometimes works like this... Congrats that's a good return(BTC0,5=$185)

Well done and I must say this was very gutsy indeed, I have tried martingay manier times and have always lost. Good to see it can work with a bit of luck . Congrats to you!

i agree.

one try is not enought.

I think you have to repeat this experiment  almost 8 times and only then we can know it that method works fine...

You did great, turning 0.5btc into 1btc is not an easy task.

Very lucky also, it may not work for everyone.

And statistically speaking that is the smarter move! But I wanted to specifically show a martingale technique

lol. You won. But you could have lost it.

It is like you make a 0.5BTC bet on 2x dice and won.

Congratz

This thread only gives strategy how to make 0.05 from 0.1

haha I know the feeling, when I got over 1BTC I kept on going for a little bit extra!

Congratulations, you beat the odds.

One time I started with 1 BTC on primedice , manage to get 3 BTC with a martingale strategy , just to lose it all later on. That was the last time I played. I can't control myself to stop until losing it all

What a great job. Cheeerrsss. Congratz anyway. But be cautious of this system, it offers no benefit in the long run.

All you need is to combine with money management system. That could be helpful. Or keep some profits to your wallet before they all burn

Can't wait. Will wait for updates

Thanks I will look into that next

Would love to see it done on Primedice ! Cheers . Good write up

I wrote a follow up blog here: http://www.coingamblingreviews.com/bitcoin-martingale-experiment/

Maybe I could do the Bitcoin Martingale test on all Bitcoin gambling sites?! Could be fun! 

Thanks for the nice comments everyone


I didn't record every game, but it took a few hours with breaks. So I would guess around 500 games!

How many games did you have to play to double your btc?

Congrats.


BTW, if you put all your 0.5 btc in your first game, you would have won it and would reach your 1 btc goal within seconds.

Edit: Too bad I didn't notice the max bet is just 0.2 btc.

Congratulations you are very lucky...  I wont try that method but its really interesting
Gambling is really good way to make money if you're brave and lucky... You proved  you had them.. Success

nice buddy very good you got lucky with martingale its very hard to win some time you win some times you lose its a good thing you got luck by your side this time

Everyone is right I did get lucky  I did not expect it to turn out like that - But I'm not complaining 


If you want to use the strategy I made above for trying to turn 0.05 into 0.1btc you would need to divide all of the bets I made by 10...

Just remember I wrote the article and did this experiment just to show people how you can use a martingale technique to double your money. I'm sure someone can do the maths but statistically I should not have been able to double my money. As is the case with all gambling sites, in the short term people can win but in the long run the house always wins!

However, I did have a lot of fun doing this

There isn't any . It's all luck

IS this site like satoshimines and can i make .1 from my 0.05?Can u make me a strategy for my banrkoll?

Yes, you got luck.

But I guess your odds of winning are not greater than by betting at 2x payout on any dice site

Good going there mate :  )

Alright and it is done!!! Took ages, and against the odds I have turned BTC0.5 into BTC1 using the Martingale Betting technique I explained above

Here is the final screenshot - withdrawing now!!



I will write another article about this on www.coingamblingreviews.com!

It feels crazy!!

There is no faucet, but you can play practice games

If you do gambling affiliate biz, it is a very good idea to teach your customers to gamble like idiots actually.

You could try this at diggit.io too

Ok up to BTC0.90104119!!!! Last update, before I hit BTC1 or BTC0   

Almost there!!

Over half way there - up to BTC0.77946095! Got to the last bet twice though

Up to BTC0.65320283. Got up to bet number 6 

Latest screenshot:

Ok so I'm up about 10%. You can see my games in this screenshot - always two coins! Feeling nervous!



I have gotten to bet #5 once, so if I get to #9 I lose everything.

Best of luck to you ... martingale is a really bad idea. 

That's a great idea
But, looks like that won't work if you do it too much 

I hope you can success 

Transaction ID: https://blockchain.info/address/19FtzaEvUaxHmJQ9Lt2XN9ZRXAVSwXJ85A

First Game:

I will be trying to turn BTC0.5 into 1BTC using my own Bitcoin Martingale Technique at Coin Sweeper. I will continue to play using this technique until my balance is either BTC0 or BTC1.

I have written an article here which outlines what I propose to do: http://www.coingamblingreviews.com/bitcoin-martingale-coin-sweeper/

So the Bitcoin Martingale technique I will use to try and double my 0.5bitcoins into 1 Bitcoin is as follows:
-> I will play Coin Sweeper with 21 Bombs and will try to find 2 coins every time and then claim my winnings. This will make my initial bet go up by approximately 2.188 times if I win.
-> As the Coins are randomly generated I will always click the first two squares in the top right column. Although it doesn't really matter where I click I like to click those squares  
-> My bet sizes will be like this (assuming I continue to lose):

Bet #    Bet (BTC)    Win (BTC)
1             0.003          0.0066
2             0.003          0.0066
3             0.0055          0.0120
4             0.01          0.0219
5             0.02          0.0438
6             0.035          0.0766
7             0.065          0.1422
8             0.12          0.2626
9             0.2385          0.5219

Everytime I win I will start back at BTC0.003. If I have 9 loses in a row I will lose everything, I calculate this at a chance of 1 in approximately 210 games.

If anyone is interested I will show my Transaction ID here, a summary of my games, and of course will do a follow up blog. I think you can see my games on their game viewer here - https://www.coin-sweeper.com/gameViewer My username is Coin-Gambling-Reviews

Wish me luck and feel free to click my affiliate link for coin Sweeper here - https://www.coin-sweeper.com/ referral removed