How To Double Your Bitcoins Using Martingale Strategy

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Circa 2010

Quote from: msc on September 29, 2013, 11:59:05 AM

Yes, and with pure chance games there's a fallacy of winning and losing streaks. Streaks exist, but you can't predict when they'll start or end.

Pretty much sums up all of the dice games (except the non provably fair, those one's can have predictable streaks usually losing tho). Yeah, if you want to put actual skill into winning something while betting, sports betting or games like poker are the best way to go.

msc

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Quote from: Birdy on September 29, 2013, 10:18:57 AM

There is no strategy involved in pure gambling games, it's chances and luck only.
If you want strategy, you will have to play games like poker that aren't 100% luck (e.g. bluffing is possible)

Yes, and with pure chance games there's a fallacy of winning and losing streaks. Streaks exist, but you can't predict when they'll start or end.

BitcoinLeader

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Quote from: marcovaldo on September 29, 2013, 11:16:38 AM

I am trying a new method.

what method?

marcovaldo

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I am trying a new method.

uoyeparannog

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Quote from: b!z

Yet they won't work in the long run either. The only real 'strategy' to win in gambling is to be the house Wink

Of course. (it's not sarcasm)

Quote from: Birdy

There is no involved in pure gambling games, it's chances and luck only.

There's some beting systems that "changes" (simplified definition) win chances, but only for short run, and finally You'll end up with pure randomness anyway - but mixing systems, changing them during gameplay, testing it, researching and such is very funny. For example when I play with 0.1 bankroll, I like to make it 0.15 or so with Oscar's progression, then bet for a while without any system, run Labouchere with 5% target after, then some small, risky Martingale et cetera - gambling is fun if You assume that Your bankroll is "payment" made for game, and winnings are just optonal. If someone gambles only for profit - it's not way to go. Of course we are all only humans, sometimes even I "want to win", falling into addiction or just blinding myself - no shame here, that's part of gambling too.
By the way, are Your nick is related to Wharton's art?

Meizirkki

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Quote from: hunnaryb on September 29, 2013, 10:42:50 AM

Quote from: Meizirkki on September 29, 2013, 10:36:04 AM

Quote from: marcovaldo on September 29, 2013, 10:31:02 AM

Quote from: Meizirkki on September 29, 2013, 10:29:34 AM

I did this too a year or two ago. I doubled my coins, then lost them all.

This is usually what happens in the end when doing martingales

I was unfortunate enough to think of this strategy myself before reading about it. Damn it was addictive, for a few days I was getting twice the income I get by working Cheesy

Funny the bell in your head doesnt ring "If it sounds too good to be true, it is"

Of course I was aware of the risks, the first day I lost half of moneys but then started to use smaller bets and so on. It was very addictive like I said. Wink

I've taken it as an important lesson. And this lesson actually had an overall good impact on my life and monetary situation. I worked hard for a few weeks and bought coins till I had more than I ever had before. Without gambling and losing I would have never worked and gotten so many coins.

marcovaldo

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Ok, good luck

BitcoinLeader

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Quote from: marcovaldo on September 29, 2013, 10:45:14 AM

I tried a martingale, lost 8 btc. Tongue

Ahw crapp !

The first time, I actually tried with 0.05 and I ended losing it after I got 0.10. I was betting Hi all the time.

In the video you can see I switch Hi and Lo and ultimately it let me double up again. Probably just really lucky again but I'll try it again soon and make a video.

marcovaldo

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I tried a martingale, lost 8 btc. Tongue

hunnaryb

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Quote from: Meizirkki on September 29, 2013, 10:36:04 AM

Quote from: marcovaldo on September 29, 2013, 10:31:02 AM

Quote from: Meizirkki on September 29, 2013, 10:29:34 AM

I did this too a year or two ago. I doubled my coins, then lost them all.

This is usually what happens in the end when doing martingales

I was unfortunate enough to think of this strategy myself before reading about it. Damn it was addictive, for a few days I was getting twice the income I get by working Cheesy

Funny the bell in your head doesnt ring "If it sounds too good to be true, it is"

marcovaldo

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Wow, you should have stopped and go for a world trip

Meizirkki

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Quote from: marcovaldo on September 29, 2013, 10:31:02 AM

Quote from: Meizirkki on September 29, 2013, 10:29:34 AM

I did this too a year or two ago. I doubled my coins, then lost them all.

This is usually what happens in the end when doing martingales

I was unfortunate enough to think of this strategy myself before reading about it. Damn it was addictive, for a few days I was getting twice the income I get by working Cheesy

gerXhonza

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Quote from: marcovaldo on September 29, 2013, 10:31:02 AM

Quote from: Meizirkki on September 29, 2013, 10:29:34 AM

I did this too a year or two ago. I doubled my coins, then lost them all.

This is usually what happens in the end when doing martingales

True, you must know when stop gambling and enjoying the profits, or you loose all

marcovaldo

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Quote from: Meizirkki on September 29, 2013, 10:29:34 AM

I did this too a year or two ago. I doubled my coins, then lost them all.

This is usually what happens in the end when doing martingales

Meizirkki

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I did this too a year or two ago. I doubled my coins, then lost them all.

Birdy

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Quote from: b!z on September 29, 2013, 10:20:13 AM

Poker is still based on odds. What are the chances that your hand is the best etc

True, the strategy part is rather small, but there is some.

b!z

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Quote from: Birdy on September 29, 2013, 10:18:57 AM

Quote from: uoyeparannog on September 29, 2013, 09:24:44 AM

In fact martingale is the worst beting system for long run - usually works well for short ones (still with some risk, especially with too high inital bet), but will almost always rape Your ass totally if You'll try to rely on it for longer time. Non-progression based systems, or at least "weaker" progression is advised.

There is no involved in pure gambling games, it's chances and luck only.
If you want strategy, you will have to play games like poker that aren't 100% luck (e.g. bluffing is possible)

Poker is still based on odds. What are the chances that your hand is the best etc

Birdy

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Quote from: uoyeparannog on September 29, 2013, 09:24:44 AM

In fact martingale is the worst beting system for long run - usually works well for short ones (still with some risk, especially with too high inital bet), but will almost always rape Your ass totally if You'll try to rely on it for longer time. Non-progression based systems, or at least "weaker" progression is advised.

There is no strategy involved in pure gambling games, it's chances and luck only.
If you want strategy, you will have to play games like poker that aren't 100% luck (e.g. bluffing is possible)

marcovaldo

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I have an other strategy, based on variance Tongue

b!z

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Quote from: uoyeparannog on September 29, 2013, 09:24:44 AM

In fact martingale is the worst beting system for long run - usually works well for short ones (still with some risk, especially with too high inital bet), but will almost always rape Your ass totally if You'll try to rely on it for longer time. Non-progression based systems, or at least "weaker" progression is advised.

Yet they won't work in the long run either. The only real 'strategy' to win in gambling is to be the house Wink

Topic: How To Double Your Bitcoins Using Martingale Strategy (Read 1808 times)