Topic: Deleted - page 2. (Read 1418 times)
His strategy might work in the long term or not. It's gambling! Who wants to let this guy gamble for them? I'm intrigued to find out! I will go in if someone else will as well.
I'm starting to think you don't understand basic math. How are you going to use statistics to your advantage, when the house already has an edge? Statistics says that with a 1% edge, the house will win 50.5% of the time, and you will win 49.5% of the time. You will eventually lose, it's that simple. If you can prove me wrong, you'll be the most popular man in Las Vegas.
Reading comprehension? I never said there's a way to beat the house edge. If you roll 1000 times you are expected to win ~490. How much you wager and when is what determine if you lose or not. And you realize the house edge in casinos is a shit ton more than 1%?
And to the guy above, martingale is not a good strategy. It might be good in the very short run, but it is not a good strategy. You can incorporate aspects of it in other strategy, but martingale itself is not good at all. I don't need opinions on martingale as I already said what mine is.
I strongly disagree martingale is a bad strategy, there is a reason professional gamblers use it. Every strategy is going to fail in the long run, that is why Casinos exist.
From what I gather you are essentially trying to count cards that you cannot see-Which is impossible
You are also banking that a group of rolls are going to be dependent on each other-Which they aren't
Like I said I wish you the best of luck, but when it comes down to it you are essentially asking people to pay you so you can gamble for them when they have just as good as shot as you.
So you are saying your strategy is to lose when you bet small and win when you bet big?
Do you have some sort of plan on accomplishing this? I think that is what every gambler since the dawn of time has tried to do.
It is the reason martingale was invented....
Do you have some sort of plan on accomplishing this? I think that is what every gambler since the dawn of time has tried to do.
It is the reason martingale was invented....
It is not that simple. Martingale is actually a very very horrible strategy. If you go to betting sites you will see a lot of people doing martingale.
To give you an idea of how bad martingale is, if your starting bet is 0.001 btc and your bankroll is 10 btc, you will bust after 14 losses in a row. 14 losses in a row is fairly common. You started at 0.001 and you bust at 14 losses with a 10 btc BR.
In your next 100 bets you could lose 80 and win 20. The more you bet, the more the numbers fix themselves to show that 1% edge almost preciously.
We will not be using martingale. We will be trying to use statistics to our advantage. It is still gambling because every bet is random, but it's incredibly slow and boring gambling, which no one wants to do... gambling should be fun and exciting! well not for me :-|
Also remember that our "big" bet is only 0.25% of our bankroll. That is a total of 40 bets to our 10% loss limit for the day. So we have a lot of room for when the statistics do not follow itself in the short run.
I'm also thinking of changing the max bet limit to 0.1% of bankroll as 0.25% will probably never be wagered in a single bet.
I'm starting to think you don't understand basic math. How are you going to use statistics to your advantage, when the house already has an edge? Statistics says that with a 1% edge, the house will win 50.5% of the time, and you will win 49.5% of the time. You will eventually lose, it's that simple. If you can prove me wrong, you'll be the most popular man in Las Vegas.
Hmm is this another Primedice addict? 
So you are saying your strategy is to lose when you bet small and win when you bet big?
Do you have some sort of plan on accomplishing this? I think that is what every gambler since the dawn of time has tried to do.
It is the reason martingale was invented....
Do you have some sort of plan on accomplishing this? I think that is what every gambler since the dawn of time has tried to do.
It is the reason martingale was invented....
It is not that simple. Martingale is actually a very very horrible strategy. If you go to betting sites you will see a lot of people doing martingale.
To give you an idea of how bad martingale is, if your starting bet is 0.001 btc and your bankroll is 10 btc, you will bust after 14 losses in a row. 14 losses in a row is fairly common. You started at 0.001 and you bust at 14 losses with a 10 btc BR.
In your next 100 bets you could lose 80 and win 20. The more you bet, the more the numbers fix themselves to show that 1% edge almost preciously.
We will not be using martingale. We will be trying to use statistics to our advantage. It is still gambling because every bet is random, but it's incredibly slow and boring gambling, which no one wants to do... gambling should be fun and exciting! well not for me :-|
Also remember that our "big" bet is only 0.25% of our bankroll. That is a total of 40 bets to our 10% loss limit for the day. So we have a lot of room for when the statistics do not follow itself in the short run.
Actually Martingale is one of the best strategies there is, if not the best.
If you have 10 BTC and bet .001 you can lose 14 times in a row which roughly happens once every 14,252 rolls, say it does happen on the 14,252 roll, you will have gained 14,251*.001 = 14.251BTC, which isn't too bad at all. In which case say you do lose the next roll, you will still have a profit of 4.251 BTC which still isn't that bad...
If you were smart you would play Martingale, that is by far the best method with a larger bankroll.
Anyway I guess I wish you luck, if you aren't playing the best strategy unfortunately you will probably fail and lose everyone their money:(
Good luck!
So you are saying your strategy is to lose when you bet small and win when you bet big?
Do you have some sort of plan on accomplishing this? I think that is what every gambler since the dawn of time has tried to do.
It is the reason martingale was invented....
Do you have some sort of plan on accomplishing this? I think that is what every gambler since the dawn of time has tried to do.
It is the reason martingale was invented....
Your post contradicts itself. You admit that the house always wins in the long run, yet you think your daily returns will average out to a positive return at the end of the week? If you want investors you'll need to better explain how you think you can beat the house, in either the short or long term, and what you plan to do if you lose the money.
Looks interesting. I will give it a shot after a few people report their successes or failures. Pools have a somewhat successful run here.
Deleted
Jump to: