Gambling strategy, What do you think? - page 2.

ethereumhunter

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Quote from: Finestream on January 24, 2019, 09:56:49 AM

For me,different strategies in gambling won't help us much because it is more likely based on pure luck.It would be good if we feel lucky every time we gamble but we know it's very impossible.So to avoid more losses,gamble only on the amount you can afford to lose.And make sure you know exactly your limits when it comes to gambling.

Yes, it won't work with the games based on luck, but we have many other games that are based on knowledge like poker and sports betting, so we do not depend on luck only. If we can get accurate information in sports betting, I think we can win the game and get the money although it does not guarantee, at least we can make a strategy. But all in all, luck will have a big part of the gambling games.

joshy23

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Quote from: semobo on January 25, 2019, 04:06:47 AM

Quote from: omonuyak on January 25, 2019, 03:24:56 AM

This is a good strategy and we may need to put this to test by some of the gambler here and see what happens. Bitcoin going to $10,000 may not be this year but even if it happens next year it will be a welcome development.

It not to be considered as strategy because we will never knows we able to win or not on the bets then how can we depend on the bitcoin prices for that.I don't find any strategy to be honest just play and the rest is not in our hands.

Good point, just play and allow yourself to win then enjoy after, there's no assurance that things will be good after you bet and there's no said strategy with how OP mentions as time can't be predicted with how the market will turned in the next 24 hrs, who knows when bull will showed up and also what
if bear continue to dominates the market and make another surged down, muc preferred to enjoy the money that you earned after your game.

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I have never thought about this strategy, nor do I have a strategy that I regularly care about, it is very interesting, I wonder what happens if you lose or get a lot of money.

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Quote from: Pffrt on January 01, 2019, 01:25:56 AM

Quote from: NewCryptocasinos on December 18, 2018, 03:29:12 AM

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

A sensible trader never thinks in this way. You can either calculate your profit in terms of bitcoin or in terms of dollars. The best approach is that if you are betting with dollar, your target should be to increase your dollars and if you are gambling with bitcoins, the target should be to increase the satoshi and do not care for the dollar value.

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Quote from: semobo on January 25, 2019, 04:06:47 AM

Quote from: omonuyak on January 25, 2019, 03:24:56 AM

This is a good strategy and we may need to put this to test by some of the gambler here and see what happens. Bitcoin going to $10,000 may not be this year but even if it happens next year it will be a welcome development.

It not to be considered as strategy because we will never knows we able to win or not on the bets then how can we depend on the bitcoin prices for that.I don't find any strategy to be honest just play and the rest is not in our hands.

You cannot play around with the price changes of bitcoin when you are gambling, your main focus is just to win and therefore
it's necessary to increase your initial bankroll and regardless of the price valuation, that's not relevant.
If you want to be successful in gambling, learn the strategy to win, and if you go with the price speculation too, then just start trading, they're separate.

semobo

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Quote from: omonuyak on January 25, 2019, 03:24:56 AM

This is a good strategy and we may need to put this to test by some of the gambler here and see what happens. Bitcoin going to $10,000 may not be this year but even if it happens next year it will be a welcome development.

It not to be considered as strategy because we will never knows we able to win or not on the bets then how can we depend on the bitcoin prices for that.I don't find any strategy to be honest just play and the rest is not in our hands.

omonuyak

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This is a good strategy and we may need to put this to test by some of the gambler here and see what happens. Bitcoin going to $10,000 may not be this year but even if it happens next year it will be a welcome development.

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Quote from: imstillthebest on January 24, 2019, 08:50:41 AM

so you are saying that one must not use bitcoin for gambling ? but what about altcoins and tokens those can also increase in the future so why gamble them? strategies do work and its better than playing randomly because you feel that you are progressing in the game but dont abuse it too much because strategies have their own limitation . thinking negative is also a bad luck and it can only lead to more losses . so cheer up , its free though

I can simply get his point there, although it's true that altcoins is the same with bitcoin that can also raise its value, but the fact that it has a low values than bitcoin so it's better if we only use those coins instead of bitcoin. For that reason we won't be losing to much compared to the value of altcoin, and yet the winnings is also the same it will be low in value.

But still most of the players that use gambling platforms are using BTC as their currency for their bet, for they aim a high profit rather than enjoying the game.

Golftech

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Quote from: crzy on January 24, 2019, 07:26:16 AM

Quote from: Pffrt on January 01, 2019, 01:25:56 AM

Quote from: NewCryptocasinos on December 18, 2018, 03:29:12 AM

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

Yes we should always think for the negative side on every decision that we have especially in gambling. Strategies should not be trusted always, in gambling it wont always work since you are not lucky everyday. Just gamble the coins you can afford to lose, but use bitcoin not much in gambling since its value will rise more soon.

The idea is always to think in the both side of the result, what if things should be consider before making any decisions, both of you have the points and have its own interpretations of the market, what is best is always think of possibilities and, if the trend will go high then bitcoin price will jump and give you much better profits, can double your money aside from winning from gambling, but in the other side if the value fells, your winnings will also be disregarded as value will depreciate, need to have another sets of plans for taking both for your advantage.

Finestream

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Quote from: imstillthebest on January 24, 2019, 08:50:41 AM

Quote from: crzy on January 24, 2019, 07:26:16 AM

Quote from: Pffrt on January 01, 2019, 01:25:56 AM

Quote from: NewCryptocasinos on December 18, 2018, 03:29:12 AM

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

Yes we should always think for the negative side on every decision that we have especially in gambling. Strategies should not be trusted always, in gambling it wont always work since you are not lucky everyday. Just gamble the coins you can afford to lose, but use bitcoin not much in gambling since its value will rise more soon.

so you are saying that one must not use bitcoin for gambling ? but what about altcoins and tokens those can also increase in the future so why gamble them? strategies do work and its better than playing randomly because you feel that you are progressing in the game but dont abuse it too much because strategies have thier own limitation . thinking negative is also a bad luck and it can only lead to more losses . so cheer up , its free though

For me,different strategies in gambling won't help us much because it is more likely based on pure luck.It would be good if we feel lucky every time we gamble but we know it's very impossible.So to avoid more losses,gamble only on the amount you can afford to lose.And make sure you know exactly your limits when it comes to gambling.

imstillthebest

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Quote from: crzy on January 24, 2019, 07:26:16 AM

Quote from: Pffrt on January 01, 2019, 01:25:56 AM

Quote from: NewCryptocasinos on December 18, 2018, 03:29:12 AM

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

Yes we should always think for the negative side on every decision that we have especially in gambling. Strategies should not be trusted always, in gambling it wont always work since you are not lucky everyday. Just gamble the coins you can afford to lose, but use bitcoin not much in gambling since its value will rise more soon.

so you are saying that one must not use bitcoin for gambling ? but what about altcoins and tokens those can also increase in the future so why gamble them? strategies do work and its better than playing randomly because you feel that you are progressing in the game but dont abuse it too much because strategies have thier own limitation . thinking negative is also a bad luck and it can only lead to more losses . so cheer up , its free though

crzy

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Quote from: Pffrt on January 01, 2019, 01:25:56 AM

Quote from: NewCryptocasinos on December 18, 2018, 03:29:12 AM

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

Yes we should always think for the negative side on every decision that we have especially in gambling. Strategies should not be trusted always, in gambling it wont always work since you are not lucky everyday. Just gamble the coins you can afford to lose, but use bitcoin not much in gambling since its value will rise more soon.

goaldigger

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Quote from: NewCryptocasinos on December 18, 2018, 03:29:12 AM

Lets say you are a skilled Sports-book player and you have the ability to find safe games ( low odds ) around 1,5 in odds.

Instead of bet on Bet365, you take your money and exchange it into Bitcoins and plays your bet on a crypto casino. ( Nitrogen, Everbet, Sportsbet etc )

Ex, You exchange 1000 USD into 0.29 BTC
You play your safe bets with the goal to double or triple up your Bitcoins to 0,60-1 BTC, I have seen many players do this with fiat money, but here is the thing, When or IF you actually manage to double or triple up ( Hit n Run ) , you cash out directly and then you sit tight and just wait for the next Bull Run ( at least many of us believe and hope it will come one )

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Its like buying bitcoins from your gambling profit. Your bet would be crypto and instead of withdrawing, you wil wait until the moon comes and you can triple your money. Nice strategy knowing that your winnings is the money you can afford to lose and im sure you are willing to hold it for a while and invest in crypto.

sana54210

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Quote from: Pffrt on January 01, 2019, 01:25:56 AM

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

He will go for holding his bitcoins Tongue

.
I believe that does not a criteria here but his plans of multiplying his bitcoins through gambling is the biggest concern here. I am sure that he will be successful with his attempts as gambling will never let you move away with profits but with only frustrations.

Quote from: freedomgo on January 01, 2019, 04:36:25 AM

Gambling will possibly increase your bitcoin if you win, but you are also entitled to loss as you are not god who knows the outcome of the game.

This is the actual cons where OP must need to look at. I am not sure about his gambling strength nor his betting capabilities. But, speaking in general that all gamblers do enter into gambling with at most confidence levels and this over-confidence block their eyes to look for pitfalls of the their plans by making their bran to fade away. Overall, the lessons we have learned throughout gambling discussion board must be, never plan your future based on gambling as your luck is not in your favor all the times.

ethereumhunter

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Quote from: Pffrt on January 01, 2019, 01:25:56 AM

Quote from: NewCryptocasinos on December 18, 2018, 03:29:12 AM

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

I guess it depends on his strategy because we have a different strategy and I am sure he will think about that. Meanwhile, my suggestion is to exchange the bitcoin into fiat and hold fiat and only buy bitcoin in a small portion for playing gambling. But once again, it is up to him, and we could only give the suggestion. I prefer to hold usdt or usd than bitcoin in these situations because it will be safe and I can use usdt or usd to buy bitcoin or altcoin I want.

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Quote from: Pffrt on January 01, 2019, 01:25:56 AM

Quote from: NewCryptocasinos on December 18, 2018, 03:29:12 AM

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

The problem with his kind of thinking is he only think of one possibility which is the uptrend.
Maybe we think we hit the bottom already and price will rise, on that case, I would rather not gamble anymore and hold my bitcoin until the price will rise.
Gambling will possibly increase your bitcoin if you win, but you are also entitled to loss as you are not god who knows the outcome of the game.

Pffrt

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Quote from: NewCryptocasinos on December 18, 2018, 03:29:12 AM

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

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Quote from: rodel caling on December 30, 2018, 06:07:07 PM

gambler's have an different strategies and idea's how to hold their bitcoin funds in the right ways they did knows, your strategy is good but knowing if there no luck knowledge and strategy is not working.

Perhaps, you will get a great result in sports betting with your strategy because, in the sports betting, you need to know and have much information for each team or player so you can create a strategy to win. Although you still depend on luck, your chance to win in the sports betting will higher than the other gambling games. You can calculate the percentage of the chance to win in the match so you can know how much money you should use to make money, but yes, it's not guaranteed to win because there is a possibility to get lost too.

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gambler's have an different strategies and idea's how to hold their bitcoin funds in the right ways they did knows, your strategy is good but knowing if there no luck knowledge and strategy is not working.

Topic: Gambling strategy, What do you think? - page 2. (Read 10079 times)