FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1189.

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Quote from: TheQuin on January 31, 2019, 03:22:22 AM

Quote from: deisik on January 31, 2019, 02:43:30 AM

Martingale can be a viable approach only in one case

That is, when your financial muscle is greater than a casino's and the casino doesn't have a limit on max bet that you can wager. But it is still rather a theoretical case because you just won't be able to bet when the stake becomes greater than the casino's bankroll. So even in this case you are set to lose in practice. Obviously, real-life casinos have max bet limits set in place, for example, FreeBitco.in has it at 20 BTC

Even in that case, it throws up another question you have to answer before doing it. Fiat casinos tend to have a smaller difference between the minimum and maximum bets (or table limits in bricks and mortar casinos). That severely limits the possibilities to martingale to a small number of consecutive losses. When people come to crypto casinos and see min bet of 1 sat and max win of 20 BTC they think they will have to be very unlucky to lose. But the real question is do you really want to risk 20 BTC to win one Satoshi at a time? It could happen the very first series of bets you try it. What Martingale does allow you to do is bet at lower odds than the minimum multiplier. With the right bankroll and base bet, you can bet on outcomes that have much less chance of busting than a 1.01x bet.

Exactly, I've seen this pointed out in other threads where people share min and max bet tables. This is also visible online even in digital fiat casinos, where you even have low-stakes, medium stakes and high stakes tables... All these tables, you will notice, the time it takes for the min bet to reach max bet on simple 2x martingale is very very seldom more than 10-streaks.

Roulette is probably the easiest demo of this, you want to bet a simple 50% chance to win, min bet is usually 1 and max bet is 500. You can't even reach 10-streaks which needs 512.

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Quote from: deisik on January 31, 2019, 03:50:30 AM

Quote from: TheQuin on January 31, 2019, 03:22:22 AM

When people come to crypto casinos and see min bet of 1 sat and max win of 20 BTC they think they will have to be very unlucky to lose. But the real question is do you really want to risk 20 BTC to win one Satoshi at a time?

Well, I'm not sure everyone runs martingale this way (or just anyone)

I mean by simply offsetting the losses incurred in previous bets (i.e. if you win, you win only 1 satoshi no matter what the bet amount is). From my perspective, this will be the stupidest way of using martingale. When I used this technique myself, I always set the odds in such a way that at each roll with bet doubled (apart from the very first one, of course) I was covering the accumulated loss in full and won as much at that (provided I won, naturally)

I was giving the example of the most extreme usage possible (I should have said risk 40BTC as that how much you would need for a 20BTC max bet).

2x double on loss is what I would refer to as Martingale. Other progressive systems I would call modified Martingale. (That's just my personal terminology and not something I'm interested in debating).

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Quote from: TheQuin on January 31, 2019, 03:22:22 AM

When people come to crypto casinos and see min bet of 1 sat and max win of 20 BTC they think they will have to be very unlucky to lose. But the real question is do you really want to risk 20 BTC to win one Satoshi at a time?

Well, I'm not sure everyone runs martingale this way (or just anyone)

I mean by simply offsetting the losses incurred in previous bets (i.e. if you win, you win only 1 satoshi no matter what the bet amount is). From my perspective, this will be the stupidest way of using martingale. When I used this technique myself, I always set the odds in such a way that at each roll with bet doubled (apart from the very first one, of course) I was covering the accumulated loss in full and won as much at that (provided I won, naturally)

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Quote from: deisik on January 31, 2019, 02:43:30 AM

Martingale can be a viable approach only in one case

That is, when your financial muscle is greater than a casino's and the casino doesn't have a limit on max bet that you can wager. But it is still rather a theoretical case because you just won't be able to bet when the stake becomes greater than the casino's bankroll. So even in this case you are set to lose in practice. Obviously, real-life casinos have max bet limits set in place, for example, FreeBitco.in has it at 20 BTC

Even in that case, it throws up another question you have to answer before doing it. Fiat casinos tend to have a smaller difference between the minimum and maximum bets (or table limits in bricks and mortar casinos). That severely limits the possibilities to martingale to a small number of consecutive losses. When people come to crypto casinos and see min bet of 1 sat and max win of 20 BTC they think they will have to be very unlucky to lose. But the real question is do you really want to risk 20 BTC to win one Satoshi at a time? It could happen the very first series of bets you try it. What Martingale does allow you to do is bet at lower odds than the minimum multiplier. With the right bankroll and base bet, you can bet on outcomes that have much less chance of busting than a 1.01x bet.

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Quote from: STT on January 30, 2019, 06:38:10 PM

Quote

Martingale strategy will beat the house, many people tried it before and they failed too

From a maths point of view there is no advantage of using this strategy. Your profit is very limited and the losses out weigh because you are most likely to run out of capital vs the larger operation by the company. I'll have a look around for a quick take apart of this idea, I'm sure it must be on search since the idea is so simple it appeals to the masses quite well.

The only game where martingale actually works is trading between solid currencies like gbp, eur and usd. In other means, use martingale only if you are going to win no matter what the outcome is. If there is a chance to lose money in a game that you play, whether if you use martingale or not, you will lose it if you have no luck.

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Quote from: Juggy777 on January 31, 2019, 02:35:38 AM

Quote from: deisik on January 31, 2019, 02:20:41 AM

Quote from: ralle14 on January 31, 2019, 01:44:12 AM

Quote from: Kakmakr on January 31, 2019, 01:24:25 AM

If you play long enough, you will lose. Roll Eyes

Depends on the luck too, on the first few rolls you can go on a losing streak and this would entice you to play longer until you recover your losses or lose everything

And this is the key problem of the martingale system

As it assumes that you should play long enough to beat the house with it. But the longer you gamble the less room is there for luck (and more for the house edge to kick in). I remember some former online casino owner was saying that martingalers were not their main headache as they never left after a win and eventually lost everything. It was random dudes with deep pockets making a couple of bets that was their primary concern and worry

I’m surprised people yet choose Martingale strategy when they’re playing. I believe this strategy is proven to make you loose your funds, and if you scan this forum there’re many tales of people loosing big because of it. It’s important for all to understand that in the end luck is all that matters. In my initial days of being a freebitco user and after collecting satoshis I played using Martingale strategy, but it horribly backfired hence I never used it again

Martingale can be a viable approach only in one case

That is, when your financial muscle is greater than a casino's and the casino doesn't have a limit on max bet that you can wager. But it is still rather a theoretical case because you just won't be able to bet when the stake becomes greater than the casino's bankroll. So even in this case you are set to lose in practice. Obviously, real-life casinos have max bet limits set in place, for example, FreeBitco.in has it at 20 BTC

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Quote from: deisik on January 31, 2019, 02:20:41 AM

Quote from: ralle14 on January 31, 2019, 01:44:12 AM

Quote from: Kakmakr on January 31, 2019, 01:24:25 AM

If you play long enough, you will lose. Roll Eyes

Depends on the luck too, on the first few rolls you can go on a losing streak and this would entice you to play longer until you recover your losses or lose everything

And this is the key problem of the martingale system

As it assumes that you should play long enough to beat the house with it. But the longer you gamble the less room is there for luck (and more for the house edge to kick in). I remember some former online casino owner was saying that martingalers were not their main headache as they never left after a win and eventually lost everything. It was random dudes with deep pockets making a couple of bets that was their primary concern and worry

I’m surprised people yet choose Martingale strategy when they’re playing. I believe this strategy is proven to make you loose your funds, and if you scan this forum there’re many tales of people loosing big because of it. It’s important for all to understand that in the end luck is all that matters. In my initial days of being a freebitco user and after collecting satoshis I played using Martingale strategy, but it horribly backfired hence I never used it again.

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Quote from: ralle14 on January 31, 2019, 01:44:12 AM

Quote from: Kakmakr on January 31, 2019, 01:24:25 AM

If you play long enough, you will lose. Roll Eyes

Depends on the luck too, on the first few rolls you can go on a losing streak and this would entice you to play longer until you recover your losses or lose everything

And this is the key problem of the martingale system

As it assumes that you should play long enough to beat the house with it. But the longer you gamble the less room is there for luck (and more for the house edge to kick in). I remember some former online casino owner was saying that martingalers were not their main headache as they never left after a win and eventually lost everything. It was random dudes with deep pockets making a couple of bets that was their primary concern and worry

ralle14

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Quote from: Kakmakr on January 31, 2019, 01:24:25 AM

If you play long enough, you will lose. Roll Eyes

Depends on the luck too, on the first few rolls you can go on a losing streak and this would entice you to play longer until you recover your losses or lose everything.

Quote from: cabalism13 on January 30, 2019, 01:14:23 PM

PS. I stop playing again, my greed is eating my nerves, I really can't stop myself from playing that PROBABLY FAIR MULTIPLY. I felt being upset but I can't stop betting until my funds were gone.

Same, few weeks ago i've lost all of my balance but i'm not that upset about losing since all of it came from their faucet.

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Quote from: STT on January 30, 2019, 06:38:10 PM

Quote

Martingale strategy will beat the house, many people tried it before and they failed too

From a maths point of view there is no advantage of using this strategy. Your profit is very limited and the losses out weigh because you are most likely to run out of capital vs the larger operation by the company. I'll have a look around for a quick take apart of this idea, I'm sure it must be on search since the idea is so simple it appeals to the masses quite well.

Whoever invented it deserves a medal from the gambling industry for all the money it has handed them. I first heard this idea decades back sitting at the bar of a casino, thankfully I was more interested in the alcohol consumption after a long late work shift then moving to the roulette wheel at that time but the idea definitely sold me at the time. Seemed so smart to take part with a 'must win' outcome at some point

You quoted me wrong there. I said, " you are not the only person who thought the Martingale strategy will beat the house, many people tried it before and they failed too. " Cheesy

I even tried using different variations on the Martingale strategy to see if something was coded as a counter for this strategy, but the end result was always the same.

If you play long enough, you will lose. Roll Eyes

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Quote from: panjul07 on January 30, 2019, 03:32:10 PM

Maybe you missed the news, TheQuin is indeed the official representative of freebitcoin IIRC. Wetsuit reqruit/ask him to help to manage this thread and maybe for other things related to freebitcoin. That's why he is the most member replying any questions/suggestion/feedback in this thread. He works for freebitcoin well so far, Wetsuit chose the right man to help him.

Well, yeah, I just missed that news... I've only been here just by a year, and I don't usually go in this section for I don't have much experience on gamblings, it's only because of my sig that's why I'm here. Though this site really caught my interest.

And I see, that's the reason why I can see him most of the time here, answering all of the users complaints regarding freebitco.in.

Quote from: STT on January 30, 2019, 06:38:10 PM

Quote

Martingale strategy will beat the house, many people tried it before and they failed too

From a maths point of view there is no advantage of using this strategy.

Actually there is, but almost 0.01% is the only chance on winning through this strategy.

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Quote from: Sines1991 on January 30, 2019, 12:07:57 PM

I understand The Queen is not going to respond to my messages.

You don't seem to be capable of understanding anything. I have already responded to your messages many times. Repeating the same bullshit isn't going to get you a different answer.

Quote from: Sines1991 on January 30, 2019, 12:07:57 PM

And I think that he is wrong in this situation about my deposits in the amount of almost 3 BTC. My opinion is he stole them from me. Am I wrong?

Completely wrong and by the looks of it the only person alive with that opinion. You went to a casino and tried to cheat and now you are begging the bouncer that just kicked your sorry arse out on to the pavement to give you back the stake money you tried to cheat with.

FFS even The Village Idiot can see that you are wrong.

Quote from: broke_tradah on January 30, 2019, 04:57:42 PM

Quote from: Sines1991 on January 30, 2019, 12:07:57 PM

Am I wrong?

The fact that you have to even ask such a retarded question is in itself, the answer. Those who are as stupid as you should absolutely NEVER be allowed to control that kind of capitol. EVER. Thus, you should just accept that you're a moron and relegated to be pennyless forever since that is the role you play until you decide to hand over the OXYGEN you're stealing from the rest of us. Until you hand over the oxygen you are using up and absolutely WASTING, you deserve nothing from anyone. BTW I have a bot that will get you your 3BTC back. Just give it 30BTC and let it go to work. You'll get your 3BTC back in no time. Guarenteed. I'm sure you've got more stolen BTC hiding back there somewhere that you can use to dig yourself out of this hole.

Please do try out The Village Idiot's shitbot dice script. You might just be stupid enough to believe him and join the other fools that have lost over 12BTC so far.

Quote from: deisik on January 30, 2019, 10:02:24 AM

Quote from: Supercrypt on January 30, 2019, 08:32:40 AM

Could we like have the same thing for old accounts as well? I try to withdraw my coins here and there which means even tough sometimes I do not have captcha, sometimes I do have it and even tough its like nothing and we can all solve catpcha and its fine, its still not really enjoyable. I am fine with it if you say keep doing it but if we could have like over 1+ year accounts not having any it would be really great news for old players like me

I don't see any captcha

And I don't know why. Maybe, it's because my account is really old and they think I'm kinda trusted user (which I definitely am). Today I have withdrawn over 100k satoshi from the faucet, so right now I have a little over 3k, i.e. just enough to pay my referrals (I remember about you, boys, don't worry), and there is still no captcha for me. But that's a good thing anyway, therefore I don't mind

There's nothing in the calculation about the age of the account. It is just a formula taking the ratio of free winnings against wagered amount and balance. The balance requirement is capped at $100 so older accounts are not penalised for the high free winnings they accumulated when the BTC price was much lower.

STT

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Quote

Martingale strategy will beat the house, many people tried it before and they failed too

From a maths point of view there is no advantage of using this strategy. Your profit is very limited and the losses out weigh because you are most likely to run out of capital vs the larger operation by the company. I'll have a look around for a quick take apart of this idea, I'm sure it must be on search since the idea is so simple it appeals to the masses quite well.

Whoever invented it deserves a medal from the gambling industry for all the money it has handed them. I first heard this idea decades back sitting at the bar of a casino, thankfully I was more interested in the alcohol consumption after a long late work shift then moving to the roulette wheel at that time but the idea definitely sold me at the time. Seemed so smart to take part with a 'must win' outcome at some point

broke_tradah

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Quote from: Sines1991 on January 30, 2019, 12:07:57 PM

Am I wrong?

The fact that you have to even ask such a retarded question is in itself, the answer. Those who are as stupid as you should absolutely NEVER be allowed to control that kind of capitol. EVER. Thus, you should just accept that you're a moron and relegated to be pennyless forever since that is the role you play until you decide to hand over the OXYGEN you're stealing from the rest of us. Until you hand over the oxygen you are using up and absolutely WASTING, you deserve nothing from anyone. BTW I have a bot that will get you your 3BTC back. Just give it 30BTC and let it go to work. You'll get your 3BTC back in no time. Guarenteed. I'm sure you've got more stolen BTC hiding back there somewhere that you can use to dig yourself out of this hole.

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Quote from: cabalism13 on January 30, 2019, 01:14:23 PM

I'm a bit curious on a certain user here in this thread, though I turned into page 1 but it seems the OP is another different person.

So I was thinking, TheQuin might be a service staff here in this thread? He/She is the only user that caught my attention here in thiz thread.

Maybe you missed the news, TheQuin is indeed the official representative of freebitcoin IIRC. Wetsuit reqruit/ask him to help to manage this thread and maybe for other things related to freebitcoin. That's why he is the most member replying any questions/suggestion/feedback in this thread. He works for freebitcoin well so far, Wetsuit chose the right man to help him.

cabalism13

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I'm a bit curious on a certain user here in this thread, though I turned into page 1 but it seems the OP is another different person.

So I was thinking, TheQuin might be a service staff here in this thread? He/She is the only user that caught my attention here in thiz thread.

PS. I stop playing again, my greed is eating my nerves, I really can't stop myself from playing that PROBABLY FAIR MULTIPLY. I felt being upset but I can't stop betting until my funds were gone.

So, maybe I'll take a break now, just like before. Tongue

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Quote from: Supercrypt on January 30, 2019, 08:32:40 AM

It would be really a great gesture if you could remove captcha for people like me (old players) as well. Not a must, but a "nice thing to do" level thing.

As a user that has an old account imo it's a bad idea for them to remove the captcha for us old players. It's not fair for the others that wagered,bought tickets,deposit to unlock the account bonus.

If you have some reward points you could use those to roll without captchas (temporarily).

Quote from: buksir on January 30, 2019, 03:00:12 AM

My captcha have disappered when I deposite about 0.005 btc

The required deposit can be reduced since we're allowed to do multiple requirements at once to unlock the bonus.

Sines1991

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I understand The Queen is not going to respond to my messages. And I think that he is wrong in this situation about my deposits in the amount of almost 3 BTC. My opinion is he stole them from me. Am I wrong?

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Quote from: Supercrypt on January 30, 2019, 08:32:40 AM

Could we like have the same thing for old accounts as well? I try to withdraw my coins here and there which means even tough sometimes I do not have captcha, sometimes I do have it and even tough its like nothing and we can all solve catpcha and its fine, its still not really enjoyable. I am fine with it if you say keep doing it but if we could have like over 1+ year accounts not having any it would be really great news for old players like me

I don't see any captcha

And I don't know why. Maybe, it's because my account is really old and they think I'm kinda trusted user (which I definitely am). Today I have withdrawn over 100k satoshi from the faucet, so right now I have a little over 3k, i.e. just enough to pay my referrals (I remember about you, boys, don't worry), and there is still no captcha for me. But that's a good thing anyway, therefore I don't mind

Supercrypt

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Could we like have the same thing for old accounts as well? I try to withdraw my coins here and there which means even tough sometimes I do not have captcha, sometimes I do have it and even tough its like nothing and we can all solve catpcha and its fine, its still not really enjoyable. I am fine with it if you say keep doing it but if we could have like over 1+ year accounts not having any it would be really great news for old players like me.

I remember the old days when we only did faucets couple years ago and joined because of it and now purely do it for affiliate (referral) that I have here and since I don't do much myself and just check on the income from the refs I have, I do not have too much to do but just roll couple times and leave every once or twice a week for a while now. It would be really a great gesture if you could remove captcha for people like me (old players) as well. Not a must, but a "nice thing to do" level thing.

Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1189. (Read 566445 times)