it is not wrong in any ways, it gives people a lot of entertainment so its fine to play it if you like it and dont waste too much money that you need for a living, thats just my opinion
yes most gambling is entertainment to life. gambling part of life that can not be eliminated. I think that way.
Not everyone gambling is entertainment. You can get a lot of money from gambling and you can lose a lot too. Gambling is risky and if you want to serious in gambling dont try to play for entertainment
You must have a strategy to play it.
But is there any strategy when you gambling? There is none as far as I know, the best strategy is still martingale and that is a common strategy too. As long as you have enough balance to cover it I think that will not be a problem though. It is true that everyone want to get profit but I can say that the one that play it for entertainment that mostly get the jackpot thing because nothing to lose and there is no burden for him. Usually this kind of thing will be won by big whale
definitely, no strategy in gambling, martingale sometimes turns to martinfail and turn your balance into 1/2 after a consecutive losses specially if you are not lucky. fun and entertainment are really the grand prize,
Nope you are wrong, there is only one startegy in this world and that is only martingale, other is just something modified through martingale. Yes you can reach half from your balance but you still can get double from your balance or even triple it. This thing is called luck, so you need to set your balance and your base bet good enough before you start on martingale if not you will be in big trouble
No actually martingale is not the best strategy, not even close. Although there are better strategies you will still be on -EV. Here is the strategy example by Dooglus:
With 1 bitcoin:
bet 0.5 at 33%
if you win, you get 99/33 = 3x, so you get 1.5 back, a profit of 1 - you've doubled your money
if you lose, bet the other 0.5 at 24.75%
if you win, you get 99/24.75 = 4x, so you get 2 back - you've doubled your money
the only way it goes wrong is if you lose both the 33% and the 24.75% - the chance of that is (1-0.33) * (1-0.2475) = 0.504175
so the chance of success is 1 - 0.504175 = 0.495825 = 49.5825% - a fraction higher than 49.5
