Topic: Gambling strategy, What do you think? - page 6. (Read 10083 times)

I do not see this as a strategy.

and I have seen lots of 1.5 odds bets go wrong. so it would also be possible you loose all your money instead of doubling or tripling up your money

What you said is good but the act of hit and run is not that easy in terms of gambling aspect especially when luck on the player side. However, I dont believe much in strategy when it come gambling because luck, instinct and determination are the only thing which could make ones win and apply the hit and run sense.

The only good strategy is to find safe bets and play on multiple websites to get a +EV on the bet, of course, you need to research and avoid scam websites or you will lose.
 
1 x 2

Site a 1,40-6,50-15,00
Site b 1.15-6.75-18.00
Site c 1.4-7-14

Now if you bet
100 on 1c=140
20 on 2c=140
7.8 on n3=140

You will bet 127.8 to get 140.

I'ts really hard to find, but you can find these on web.

How is this a strategy? I don't actually get it. What would be the difference if you gambled at bet365 and converted your winnings to crypto? This is just a stupid thing to do. You could just go to a crypto casino and bet your coins with a low payout, no sport books hassle.
 If you want to gamble, just gamble. If you want to hold your crypto currencies just hold it.

Bitcoin betting attracts me, for example one of the main reason is what you already said. But that can't be considered as a gambling strategy. I know you mean that way if you win, then you won't gamble and prefer to exchange coins but not a big deal. If price falls, depends on fall, you may gamble just to get your first money back but if you are a person who holds, then won't do. Well if you are gambler, that doesn't matters, really. Even it can be a sad fact when you see you have lost coins which were 100$ but now are 5K worth.

This strategy is sweet, but it doesn't have much to do with gambling, IMO. The part with gambling is to play at low odds and thus minimize the risks of losing. The rest is basically just a long-term crypto investment. You will not win at that gambling part, you'll keep winning and losing because of the probability. Okay, if you're skilled you might get some profit out of it, but then betting here is just a way of earning some btc and then hoping for it to rise. I guess this strategy is not really about gambling and could be written as follows:
1. Earn money.
2. Buy bitcoin.
3. Hodl.
4. Sell during the ATH.

What is this?
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I think it is an interesting approach. Definitely makes sense if you are bullish around Crypto, then it is just another form of asset allocation, so you increase your exposure to price rices, but obviously also increase your risk of prices fall.

I think if having extra accounts increases your ability to get a better odds that is far more compelling for me. Providing you are not bearish on the price of your choice of currency, then main concern is to get the best odds, and to that end the more options you have the better.

SyGambler's right about thinking in the terms of currency value that you deposit in. And that is why I thought earlier here that this sounded a lot like trading if you're going to always think of bitcoin price.

Gamble in bitcoin and count your profits in bitcoin and that's it. But if you can't stand volatility then keep your gambling in fiat casinos and keep it there. You can't expect to gain from keeping in bitcoin, not in this moment when the bull market is so far away.

it's not that easy to double your money betting , it takes time and it's risky
also you are counting on bitcoin price , the bull run may never start again in theory and we may actually go lower so by doing this you are taking another gamble over the gamble

persoanlly I used to cash out my sportsbetting profit from fiat to bitcoin when it was at 6K thinking that the price wont go lower , and now my bankroll kinda worth half what it used to be so technically I lost all of my profits due to bitcoin price

if you want to build a bankroll stick to the currency you care about so you don't keep worrying about what your bankroll worth
so if you want to use bitcoin sites you should only think about how much btc you have without even thinking about the price ( personally I find this hard so most of my bets are thro fiat sites )

I agree with you. But before you loose, you would have made some good profits which would cover up for the loss with still something left.

 Let me use football as an example. I like to choose two games. Just go to division 1 or championship in England and choose two sure games or one from there and then man city to win a small club, Barcelona to win , or Bayern . just choose two. And do your analysis very well. 1.8 or 1.9 is a good odd for me. Two games accumulates to give that.

Once I divide my crypto into 3 parts. For example,  I have 1 btc. If I divide it into three parts , it gives me .3,.3,.4 btc. The 1st .4 would be used each day till that week elapses. You have to use .4 constantly till that week runs out. Then .3 in the next week and so on.

Even if you should lose thrice in a week which is not very possible with this strategy, you would still come out with profits. But you have to always be optimistic

I know the perspective or direction that @op is coming from. The crypto market is no longer a safe heaven for investment. One has to be very creative to be able to create a tangible source of income from other means and he has found a strategy/way to do that of which I believe that to be very sweet. One has to take a bold decision to be able to succeed. No risk, No reward.

He said that he would simply convert large sum of fiat money to crypto to enhance ambiguity and ensure safety of funds. This also provides opportunity for high staking capability with the crypto as one can stake with a large amount of btc without many limitations or restrictions.

Then he stake high on sure/safe odds of maybe 1.5 or lower which I believe is very much possible. Why do I know this. Because I have been using this strategy for over a long time. You certainly won't get rich overnight but on the long run, you stand to get something from the strategy.

As he continues to make profits, he buys other coins and HODL as many coins as possible and finally he waits for the bull run to set in by next year. This is the strategy, isn't it nice?

This is what I called safe betting and i have been into it for a long time. Some tips from me. Never invest all your funds into a bet. Divide all your fund into 3 or 5 big bucks and use one at a time. Never bet with instincts or sentiments. Be professional and disciplined and take it like a personal business. Do your research well and be detailed and thorough in your research. Any bet you are not  confident about is not worth it. Just drop it and think of another.

And most importantly, choose a very good betting site or casino with high deposits bonuses. Remember, you are only looking for small and sure odds. Do not forget and never be greedy. Make only one or two bets per day. Never exceed that. For choice of betting sites, these are good options that I have tried. Nitrogen sports, sports betting, betchain.ag,  Vegas and bet online.ag. I personally do not choose or work with anything greater than 2odds.

1:5 odds would be ok until you lose that one time and it ruins everything.

Happens a lot to these strategies that I see for dice or other games where you can make the odds "safe"

Better to put that .29 BTC on an exchange and go LONG if you think the bear market coming imo

That's sort of a trading strategy if you think about it. Selling fiat for Bitcoin and then selling Bitcoin back to fiat when it's high.

Look, if you're really into gambling, why not just double or triple the fiat at a casino, and then double or triple it again. Same end result, much quicker time frame. But yes if you are willing to wait for 5 years, just buy the Bitcoin and sleep on it.

Of course, I would still change out my fiat to Bitcoin first, because I don't want to x5 my bankroll and then get told by support that hey I need to verify my identity first before they can process my withdrawal. Because, it happens every day here!

I dont get this strategy?How if you loose in bet gambling?

After reading the entire post this is actually the overall summation on whats he's trying to say. 

Double or Tripling your Bitcoin thru sportsbetting sounds really very easy but it isnt specially you are sticking with low odds games.
For mentioning bull run there is indeed a price reversal and we do know that accumulating btc will really give you out some advantage on making
profits by just simply holding it.

This isnt a strategy after all.

Lets simplify your strategy below,

1. Exchange your cash to bitcoin
2. Find low odds in crypto sports book
3. Double and triple your bitcoins (I don't know how you are sure about it)
4. HODL for price increase!

How do you think it is a gambling strategy? How you are sure to double or even triple your bitcoins? If you can lay down a strategy for this, it would be beneficial and will start making sense!

As of now I don't see any strategy in your entire proposal. It's a generic statement of hope!

Also HODL is not healthy for the bitcoin ecosystem, at least as per the current situation. Now we need to start spending it whenever possible! Instead of holding, we need circulation to grow and match up with your hope!

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.