Optimal Strategy for use with the Bitcoin Pools at http://Millibetting.comGetting in Early Strategy-Make a 1 millibit bet when the pool is small - You might get a 4% Bonus and also
Added Prizes means the pool must get very large before the house actual makes any edge:
If the pool stays small and no one wins - 95% of all bets are returned (No Winner Insurance from
http://Millibetting.com, less trans fees.) By gambling early you have a chance to get 95% of your bet returned if you lose!
That is a huge advantage!If you do win- You get your fair share of the pool which includes added prizes! By getting in early you have extra chance to play in advantage.
If the pool gets big - thats great hopefully you hit a winner and because the payout is variable the prize could be more than you expected! (Check Roulette Results on the website for examples)
On the
Bitcoin Sports Betting games you can use the same strategy but because there is only two possible outcomes it is more likely someone will win and the No Winner Insurance will not be used. However the payout odds displayed do not include the added prizes in the pool which could put you in advantage play if the pool stays small!
Put your mouse pointer over the orange banner on one of the Sports Betting tiles to see the actual payout for a 1mBTC bet on those sports team. It will show in the orange odds indicators next to the team's pool button.Because all the games are pool based the Optimal Bet is always a Min Bet - When the Pools are bigger bet size matters less.
Outcome 1You bet 3 millibits into a 25 millibit game pool. You win! You are the only winner and get paid 8.86666 Millibits for every Millibit you put in!
Outcome 2You bet 1 millibits into a 25 millibit game pool. You win! You are the only winner and get paid 24.7 Millibits for every Millibit you put in!
Pool RoulettePool Roulette is a Bitcoin gambling game I invented at Millibetting. The winners split 95% of every bet laid down in the betting round (plus added prizes). House could never take more than the edge because of this payout structure. Even when no one wins 95% of your bet is returned this is why getting in early is a great strategy!
