lets you use martingale at least 20 times, which should be a "rare" event, you should be able to make a profit (if you can call 1 satoshi a profit).
20 times is not actually rare, it happen most of the time especially in a big site like PrimeDice which you can check that they have people gibbering the same thing about the house being rigged because of 20 + lost streak.
Also 1 satoshi is not a profit because you merely need to win 10,001 satoshi and withdraw it to your wallet to consider that you got profit considering the site is using standard 10k satoshi miners fee
Well if you need one million tosses to get a 38% of getting 20 heads in a row, that makes it a little "rare".
I'm not a dice expert, I don't know the amount of time you need to roll it a million times (guessing it should be fast with bots), and that's probably the reason you say that it happens "most of the time".
Not saying I like martingale or that it is profitable. I don't like and I don't consider it profitable. And like you said you always have the bet limit, which totally makes it undoable.
There's no way that can beat the house edge, any profit you have now is because variance is currently in your favor. It can swing down fast and hard, you should probably quit while you're up.
Sorry I did not understand. I'm not in favor of martingale. I don't like it, like I said in my last statement.
What is the point in getting to a state that you will be risking around 1 btc or more to "win" 1 satoshi.
20 times is not actually rare, it happen most of the time especially in a big site like PrimeDice which you can check that they have people gibbering the same thing about the house being rigged because of 20 + lost streak.
Also 1 satoshi is not a profit because you merely need to win 10,001 satoshi and withdraw it to your wallet to consider that you got profit considering the site is using standard 10k satoshi miners fee
Well if you need one million tosses to get a 38% of getting 20 heads in a row, that makes it a little "rare".
You are getting a wrong point here, it is not
you need X number of bets to get it but
it happens once every X bets so it happens quite alot especially if you are playing in some popular dice sites. It is not impossible to happen because each bet is dependant and you could even suffer a loss streak with 1.02 multiplier.
You may think that it is "rare" but in fact it is normal and happens quite alot ( check PrimeDice's thread ) . You could suffer a lost streak after having X number of rolls or even the exact moment after you start your rolls or best scenario is that you are "lucky" and never have any lost streak
I'm sorry but I think you are getting a wrong point here, as it was stated in the site I mentioned when they reviewed the math. They did because of that misconception, that according to the author was also published in the Times, and it was wrong.
It does not happen once every x bets (x here being 1 million according to Times, that said that odds of getting 20 head rows were 1 in a million, as for 100% in a million). In fact it is not, it is 0.38 in a million, as for the 38% of getting it in a million tosses. That's why I said it is a "rare" event.
Of course you see it "all the time", because it is easy to get 1 million rolls in a site with bots etc, so if you are exposed to those 38% so many times it will happen to you of course, but it is not that common, nor it should be that common, as you are saying (38% in a million is not a common thing).
Again I am not in favor of martingale, neither I think it is profitable!
