Topic: earn free bitcoin with martingale technique (Read 8502 times)

i tried the 0.00000001 method one of the dice sites where you can do 900,000,000 rolls for you automatically input. i woke up with 2k lost not once but a good 28 times. i asked my self awesome, i can lose past 30 times, but i never seen me win 30 times inarrow, every since i thought about that idea, i stoped my dicing addiction. sorta makes sense but everyones different lol

Seriously, do a martingale solely as a FUN strategy.  Anyone who thinks they can reliably make money at this is a moron.  A negative expected value bet is a negative expected value bet no matter how you structure your betting.  That means you lose long-term anyway.

When I'm doing retarded losing gambling, I like what I call a "reverse martingale."  This is basically making a tiny bet at first, and if you win, let it ride and put the winnings on the table again.  Then keep doing this until either your inevitable loss or until the winnings get big enough you can buy a car or something.  Then cash out.

It's still a losing strategy, of course.  But I'd rather risk a tiny amount that doesn't matter in the least to me to win a huge amount that might, than the usual martingale, which basically involves risking your entire bankroll every time to win a tiny amount most of the time.

Also, if you're generally an advantage player, it's a great way to charge up your comp card and not get kicked out of casinos.  The house likes it when you give it some -EV action.

Quick Monte Carlo simulation I've just done suggests every 100 trials at 50:50, you have a 75-80% chance of hitting 6 losses in a row. The main problem with the Martingale is that hitting a bad run is WAY more probable than people would like to think. Also, the lower % you stake, the more bets it takes to accumulate your desired value...so even though you may be able to afford 15 or 20 failures in a row in extreme examples. You will eventually hit that black swan event. It may take you longer, but it will happen. The probability of hitting the bad run is offset by the number of bets increase...meaning you gain nothing by betting "cautiously".

Only use a Martingale on amounts you can afford to lose completely and don't try to bankroll a catastrophic loss. Also, it takes a real long time. If you have a free bet, you're better off sticking it on the highest payback bet you can and not wasting your time.

Martingale always works.  All it requires is an infinite bankroll and a casino willing to take any bet up to infinity.

There is no way Martingale can ever work.
6 times? You based your strategy with only 6 loses in a row?

There are plenty of people here who have seen just happening 15 times or even more.
It's insane to even think about it.

If only martingale would actually work.

>Earn
>Martingale

LOL.

lol I had a 21 loss streak - knd of ironic.  Anyways, this metohd doesnt work in the end imo.

Dude I have done this method alot of times and out of all of them I lost more then I have won btc this is only a theoretical way you can win bitcoins

if you're gonna try this, you might as well try it over at just-dice.com where they have the lowest house edge.

You made me laugh

I've tried every method there is.


my advice:

best bet is no bet

Wow never tried this before thanks!

This guy thinks hes onto something revolutionary 

Dude, this is a proven method to lose in the long haul and only gambling noobs use this tactic.

try 23 , lol , losses = infinite , unless you have infinite bank to back up on a site with no bet cap

I've tried this.  It doesn't work, eventually you'll lose and lose big.  I've had like 13 or 14 losses in a row on 50/50. 

In addition to the Martingale, there are many other ways to bet BTC. Bitcoin Reviewer has posted a list of these techniques which can be found by clicking here.

Martingale simply does't work.

Congratulations to you on discovering martingale 

I just lost at primedice 0.03 using the martingale strategy, not because I'm not smart, but because I reached those money with the martingale from the 1000 satoshi.
Yes a little different version modified by me but still martingalated.
It's ok, I will remake my money from scratch.

I think I would like to take a look at the ource code after I lost 11 times in a row....  lol

LOL.
This thread is only here to make people use your reflink.
Everyone already knows what the martingale strategy is...

That's not true at all, with martingale your only doubling once you know you've lost the previous bet at which the result of the event is known. Hence it has no implication on the future bet so the probability you lose on the (n+1) case after losing (n) cases is still 50%. Don't be stupid enough to think that losing 1000000000000000000000 times will mean you don't lose the next one. Anyways, 1 in 64 is still a reasonably probable occurrence, so if you want to lose all your money go try martingale.

And... if we have infinity money... why we play all our budget to win 1?

Look at St.Petersburg paradox

http://en.wikipedia.org/wiki/St._Petersburg_paradox

Unless you have infinite money, this is an EV negative play. Even a small initial bet of something like $10 could end up easily costing hundreds or thousands to reap -- is it really worth risking thousands to make $10? And what if we are sufficiently unlucky so as to no longer be able to continue doubling our bets?  Game over.

Most sites also have limits on how much one can bet, so it is not like this would be +EV even if we had infinite money on those sites.

"It's hard to lose six times..."

Do you really think that? Sometimes happened 21 lose in a row...

If you play at 50/50 you pick up a 6 in a row losing strike...

p = (50/100)^6 = 0.015625 = 1.5625%

It's 1 time on 64!

And... on freebitco.in you didn't play at 50/50... but 47.5/52.5

So... p = (52.5/100)^6 = 0.0209389 = 2.09389%   that is 1 on 47.758 !!!

Newbie, get out with your referral link .
Post it in your signature, sure.  Get it out of this section please, delete it, then press CTRL + w and you'll get some free bitcoins.  If it doesn't work, try multiple times.

Firstly, this faucet is already widely spread and largely promoted.  The martingale strategy is already known by 99% of the members here.  I can't wait for a newbie like you to keep on using martingale until you lose it all, and start bitching on this forum

99% of martingales IMO will end up a loss, so to newbies, play with this strategy a bit, but it's not going to make you win much until you lose it all.

You know freebitco.in but I'm going to tell you different method to earn bitcoin there . It is possible to earn free bitcoin in this website. The method which I'm going to tell you  most probably will earn bitcoin . First, You must register for website.

link: http://freebitco.in
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When you register, you need a btc wallet adress and a password so you must have a bitcoin wallet. After register, you must 'play free play' to apply my method.

And second stage: We can play gamble in this website with our BTC which we earn here. Click multiply btc for that.


Anyway..If you do these, I will tell you martingale system.


I will tell you this system with an example.


0.00000002 is our bet and played lose now 2xbet
0.00000004 is our bet and played lose now 2xbet
0.00000008 is our bet and played lose now 2xbet
0.00000016 is our bet and played lose now 2xbet
0.00000032 is our bet and played lose now 2xbet
0.00000064 is our bet. We won.

It's hard to lost six times but if you lost, you should do 2x bet more.
Anyway;

0.00000002+0.00000004+0.00000008+0.00000016+0.0000 0032+0.00000064 = 0.00000126 (spent btc)
0.00000064x2= 0.00000128 gained btc. profit=0.00000002

If you start with 0.00000008, you will earn 0.00000008.
If you start with x, you will earn x.

Sorry for my bad english.

Source: http://vegasclick.com/gambling/martingale-betting-system.html

thats all.