How many Bitcoins needed for martingale - page 7.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: maeusi on August 17, 2017, 05:24:38 PM

I know that the martingale system could only win if an infinite amount is available and an infinitely high amount is likely to be placed and Casinos are protected against martingale.
Nevertheless, it would be interesting for theory to calculate the amount in relation to the highest known loss sequence.
Example:
Game: Dice Game
Minimum bet: 1 Satoshi
Maximum bet: no limit.
Highest known loss sequence on dice game: ?

Necessary maximum amount for theoretical safe gain: ?

Bitcoins needed? Depending on your base bet and if you are talking about 1 sat then i would say having a bigger bankroll would give you the edge but its not permanent.Losing streaks will be your worst nightmare or enemy as far as i know and seen in the past on having 25x lose streak we wont know if theres other higher than that which would really blow out your account if you dont have sufficient balance on using 1 sat. Lets say that 100 btc would be enough on playing such technique Grin

Just joking.

Omega Weapon

hero member

Activity: 1092

Merit: 501

Quote from: maeusi on August 17, 2017, 05:24:38 PM

I know that the martingale system could only win if an infinite amount is available and an infinitely high amount is likely to be placed and Casinos are protected against martingale.
Nevertheless, it would be interesting for theory to calculate the amount in relation to the highest known loss sequence.
Example:
Game: Dice Game
Minimum bet: 1 Satoshi
Maximum bet: no limit.
Highest known loss sequence on dice game: ?

Necessary maximum amount for theoretical safe gain: ?

You are missing the point, there is not a theoretical safe bet you could calculate, if you based your martingale in 20 losses in a row, what will happen when you lose that 21 time in a row? You lose everything, then you may try with 40 times in a row, that will be safer since that is harder to happen but it will eventually happen, in a universe with enough time the weirdest things will happen, losing 40 times in a row is not a big deal.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: machinek20 on August 17, 2017, 07:26:11 PM

The one that I knew the highest lost was 28 streak, and I dont think it is worth to bet a high amount just to get 1 satoshi, and no matter how much you owned you can never win the game, and the calculation of safe gain never work, it works for one or two times but long run it was failed

correct just even how hard you will try but it wont assure you to win against the house its a fail strategy back then and it wont be a profitable way,
so if you are a risk taker and still wants to proceed better to expect the unexpected result 28 losing streak maybe more will follow.

machinek20

hero member

Activity: 840

Merit: 501

The one that I knew the highest lost was 28 streak, and I dont think it is worth to bet a high amount just to get 1 satoshi, and no matter how much you owned you can never win the game, and the calculation of safe gain never work, it works for one or two times but long run it was failed

CARrency

sr. member

Activity: 546

Merit: 256

I'd prefer if you will be gambling using martingale, use a bank roll at .6 to .7, then make a bet at a 1000 satoshis. Well, you can just auto roll, let the bot do the thing, after that you will realize you are losing, realize you must not done it and then regret it. Hope it helps. BTW, you may realize that after your balance reach .1 to .2 so you can still stop yourself.

shield132

hero member

Activity: 2254

Merit: 870

Again there are better strategies than poor martingale. In math there is a chanse of everything but on huge amount of money there is high percent that you will win but remember, there is also % of loss and there is a chanse that this very small percent, even if it will be 0.000001%, it's a chanse of lose and it will be fair even if that lose will happen.
Also if we have huge amount of bitcoins, I think we wouldn't play.

BigBoy89

legendary

Activity: 1512

Merit: 1011

Just use the Search function.

If I recall it correct, on 49/50 the biggest losing steak was OVER 20. Which is enormous amount of money if you play even with 1 satoshi starting bet. And it's pointless to lose your time on 1 satoshi bets. More over most sites have timing limits for bets under 100 satoshi, making you to wait 1-2 second between bets.

maeusi

sr. member

Activity: 462

Merit: 254

I know that the martingale system could only win if an infinite amount is available and an infinitely high amount is likely to be placed and Casinos are protected against martingale.
Nevertheless, it would be interesting for theory to calculate the amount in relation to the highest known loss sequence.
Example:
Game: Dice Game
Minimum bet: 1 Satoshi
Maximum bet: no limit.
Highest known loss sequence on dice game: ?

Necessary maximum amount for theoretical safe gain: ?

Topic: How many Bitcoins needed for martingale - page 7. (Read 1734 times)