Discussion | Enter Gambling Bet with 52.4288 BTC using Martingale Technique ! - page 2.

XinXan

hero member

Activity: 1064

Merit: 505

Quote from: arallmuus on July 12, 2015, 01:16:21 AM

Quote from: vas000 on July 11, 2015, 10:08:24 PM

and assume started with 0.00005 BTC (5000 satoshi) with automatic betting , every 1 second 1 bet

to lose all he got (and here is 52.4288 for example) , with Martingale technique he got 20 chance to win 50% for each
-snip-

There are few things that is off with your "calculations" that you forgot to take into account :

#1 If you actually has ~52BTC you wouldnt want a dust bet of 5000 satoshis. It is much better to play at a higher base bet and not to
use martingale at all. It is proven many times that martingale could be one of the worst strategy however a variances of it could be
used for better chance to win

#2 Roulette has an edge of ~2.7 % for single zero wheel and ~5.4 for the double zero wheel and if you actually want a 2x payout
martingale then dice would be a better option because of its lower house edge or even BlackJack for the 1% < house edge

#3 The probability to get over 20x loss streak is not actually "rare" is most cases it will happens at 0.00011637 % chance . Number is
actually close to zero however this happens quite a lot

References : http://dicesites.com/tools

Dont spread lies, martingale is not proven to be one of the worst strategies, such thing does not exist, all the strategies are bad, in fact martingale, doing it right can make you have a slight advantage over the others.

arallmuus

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Activity: 2562

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Quote from: vas000 on July 11, 2015, 10:08:24 PM

and assume started with 0.00005 BTC (5000 satoshi) with automatic betting , every 1 second 1 bet

to lose all he got (and here is 52.4288 for example) , with Martingale technique he got 20 chance to win 50% for each
-snip-

There are few things that is off with your "calculations" that you forgot to take into account :

#1 If you actually has ~52BTC you wouldnt want a dust bet of 5000 satoshis. It is much better to play at a higher base bet and not to
use martingale at all. It is proven many times that martingale could be one of the worst strategy however a variances of it could be
used for better chance to win

#2 Roulette has an edge of ~2.7 % for single zero wheel and ~5.4 for the double zero wheel and if you actually want a 2x payout
martingale then dice would be a better option because of its lower house edge or even BlackJack for the 1% < house edge

#3 The probability to get over 20x loss streak is not actually "rare" is most cases it will happens at 0.00011637 % chance . Number is
actually close to zero however this happens quite a lot

References : http://dicesites.com/tools

bajing

legendary

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Merit: 1001

The most Professional Cryptocurrency Casino

when you use martingale just wait martingale will give wreck in your life. better don't use that's method

vas000

member

Activity: 119

Merit: 100

Quote from: anderson00673 on July 11, 2015, 10:31:01 PM

Martingale with a 50% chance is dicey at best, but with roulette I think it will end badly. There is a whole really long thread in this section discussing the martingale strategy, it is an interesting read (sometimes). You should check it out.

so you don't have any further guesses about this person ,, even if he changed his mind to bet on dice games instead of roulette ?

I see some of that threads but this is another discussion with 20 chance of 50% winning for each

thanks man for your opinion also

vas000

member

Activity: 119

Merit: 100

Quote from: jeannemadrigal2 on July 11, 2015, 10:27:59 PM

I never tried this, but I guess it depends on luck. Keep in mind that roulette is usually at least 2-3% house edge for b/r because of the 0, 00, and 000. You could make an experiment with dust, if there is a casino that takes it, so bet with 5242 satoshi and see what happens. That would be interesting! you would have to make a win/ lose condition. Lose is obviously you lose your money, but maybe the win condition could be that you double your original wager.

Of course I no that 2-3 house edge ,, I meant in online gambling sites you can bet in whatever amount you like , And this is just a discussion in case of you can bet min 5K satoshi ,, thanks for your opinion bro

anderson00673

sr. member

Activity: 308

Merit: 250

Martingale with a 50% chance is dicey at best, but with roulette I think it will end badly. There is a whole really long thread in this section discussing the martingale strategy, it is an interesting read (sometimes). You should check it out.

jeannemadrigal2

sr. member

Activity: 322

Merit: 250

I never tried this, but I guess it depends on luck. Keep in mind that roulette is usually at least 2-3% house edge for b/r because of the 0, 00, and 000. You could make an experiment with dust, if there is a casino that takes it, so bet with 5242 satoshi and see what happens. That would be interesting! you would have to make a win/ lose condition. Lose is obviously you lose your money, but maybe the win condition could be that you double your original wager.

vas000

member

Activity: 119

Merit: 100

Hello Everyone , It's just discussion !!

DO NOT THINK I HAVE ALL THAT Grin

if someone enter to gamble on roulette with chance of 50% to win red/black

and assume started with 0.00005 BTC (5000 satoshi) with automatic betting , every 1 second 1 bet

to lose all he got (and here is 52.4288 for example) , with Martingale technique he got 20 chance to win 50% for each

And in case win ,, he is going to cash them in separate wallet ,, So Max effort can bet is 52.4288 BTC

What do you think , could he win or lose everything ? ! Roll Eyes

in case of win ,, how much do you think his profit after 6 hours ?

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Topic: Discussion | Enter Gambling Bet with 52.4288 BTC using Martingale Technique ! - page 2. (Read 2474 times)