Topic: How to gamble with 1 BTC - page 3. (Read 2748 times)
Martingale is good if you have a big bankroll but I have lost at least half a bitcoin through martingale so has its ups and downs
this has been discussed before
here is the thread
https://bitcointalksearch.org/topic/challenge-whats-the-best-way-to-win-1-btc-with-1-btc-939776
and this will be the best way to win 2 btc with 1 btc from the discussion of the thread
here is the thread
https://bitcointalksearch.org/topic/challenge-whats-the-best-way-to-win-1-btc-with-1-btc-939776
and this will be the best way to win 2 btc with 1 btc from the discussion of the thread
Strategy 1:
You're always playing 9900x using a martingale sequence, i.e. your wager for each round is
you run out of funds after 6861 bets. You lose all of them with a probability of
or put differently you have a 49.64812% chance of winning.
Strategy 2:
You're constantly playing 20203 satoshi but increase the payout each round by exactly 1x starting at 4951x which will leave you with 1.00004850 BTC profit. You run out of funds after 4949 games and your last payout will be 9899x. You lose all of them with a probability of
leading to a 49.64716% chance of winning.
I Hope the math is correct
You're always playing 9900x using a martingale sequence, i.e. your wager for each round is
Code:
ceiling((2 - PLAYER_BR)/9899,1e-8)
Code:
0.9999^6861 = 0.5035187605260536
Strategy 2:
You're constantly playing 20203 satoshi but increase the payout each round by exactly 1x starting at 4951x which will leave you with 1.00004850 BTC profit. You run out of funds after 4949 games and your last payout will be 9899x. You lose all of them with a probability of
Code:
prod(1-0.99/i, i=4949..9899) = 0.5035283796177312
I Hope the math is correct
Can you explain to me how it is possible to decrease the house edge overall by using such a strategy?
Every house has an edge, so expect to lose 1% of whatever you wager...
However you could look up the fibonacci method and play on 49% winchance
If you're good at sports and know teams very well you could also bet on sports...
Me being a gamer, I would bet on E-Sports Bets
However you could look up the fibonacci method and play on 49% winchance
If you're good at sports and know teams very well you could also bet on sports...
Me being a gamer, I would bet on E-Sports Bets
What are some good Bitcoin gambling sites for sports bets? I think there was a site during the World Cup but I haven't seen it since.
The best one is Nitrogen Sports. Has all sports, including ESports.
maybe stupid question, but what are esports?
Online games like League of Legends, dota2 counter strike
He's right. I bet on the LoL LCS that's based in EU and US, but Nitrogen also has DotA and CS:GO.
Hell you can even bet on Darts or Snooker. They've got a variety.
Every house has an edge, so expect to lose 1% of whatever you wager...
However you could look up the fibonacci method and play on 49% winchance
If you're good at sports and know teams very well you could also bet on sports...
Me being a gamer, I would bet on E-Sports Bets
However you could look up the fibonacci method and play on 49% winchance
If you're good at sports and know teams very well you could also bet on sports...
Me being a gamer, I would bet on E-Sports Bets
What are some good Bitcoin gambling sites for sports bets? I think there was a site during the World Cup but I haven't seen it since.
The best one is Nitrogen Sports. Has all sports, including ESports.
maybe stupid question, but what are esports?
Online games like League of Legends, dota2 counter strike
Every house has an edge, so expect to lose 1% of whatever you wager...
However you could look up the fibonacci method and play on 49% winchance
If you're good at sports and know teams very well you could also bet on sports...
Me being a gamer, I would bet on E-Sports Bets
However you could look up the fibonacci method and play on 49% winchance
If you're good at sports and know teams very well you could also bet on sports...
Me being a gamer, I would bet on E-Sports Bets
What are some good Bitcoin gambling sites for sports bets? I think there was a site during the World Cup but I haven't seen it since.
The best one is Nitrogen Sports. Has all sports, including ESports.
maybe stupid question, but what are esports?
Every house has an edge, so expect to lose 1% of whatever you wager...
However you could look up the fibonacci method and play on 49% winchance
If you're good at sports and know teams very well you could also bet on sports...
Me being a gamer, I would bet on E-Sports Bets
However you could look up the fibonacci method and play on 49% winchance
If you're good at sports and know teams very well you could also bet on sports...
Me being a gamer, I would bet on E-Sports Bets
What are some good Bitcoin gambling sites for sports bets? I think there was a site during the World Cup but I haven't seen it since.
The best one is Nitrogen Sports. Has all sports, including ESports.
Do you want to get the another 1BTC fast or not?
If you want it fast, just All in it the first bet with 50% chance, of course its a HIGH RISK.
but if you want it with several bets, u can use your own strategy and feeling.
If you want it fast, just All in it the first bet with 50% chance, of course its a HIGH RISK.
but if you want it with several bets, u can use your own strategy and feeling.
The thing is that betting everything at 50% is not really high risk.
If you use martingal with base 1k satoshis, (with 16 loses in a row you cant double again)
So you would need to win 100.000 bets so you would have to bet about 200.000 bets in total, now lets calculate the chances of loosing 16 times in a row on 50%, they are 0.0015% wich is 1 in 40.000. So every 40.000 bets you would go into a 16 lose streak (most likely) but you would need to do 200.000 bets so the chances increase so yeah
Do you want to get the another 1BTC fast or not?
If you want it fast, just All in it the first bet with 50% chance, of course its a HIGH RISK.
but if you want it with several bets, u can use your own strategy and feeling.
If you want it fast, just All in it the first bet with 50% chance, of course its a HIGH RISK.
but if you want it with several bets, u can use your own strategy and feeling.
it best to play on a real game maybe basketball. on directbet.
Or maybe playing basketball in the real life and forget about gambling at all. Just saying
The house/casino always has a higher chance of winning, otherwise they wouldn't have the site/business open.
This. but if you want to bet, just do it for the fun. Not with money you can't lose.
it best to play on a real game maybe basketball. on directbet.
Or maybe playing basketball in the real life and forget about gambling at all. Just saying
The house/casino always has a higher chance of winning, otherwise they wouldn't have the site/business open.
it best to play on a real game maybe basketball. on directbet.
If you want to have the most reliable way of gambling and not losing then don't gamble. If you want to do it for fun then martingale with one satoshi bets and a 1 btc bankroll and let it go until you want to stop.
If I wanted to double my money dice surely wouldn't be the game of choice to do so.
if you have 1 btc to invest then use this money in house edge invest and try the ods at 1.25 and play at 0.01 to start then increase amount if you can efford the bet amount then by this you can increase your balance
but bet till that you can efford
but bet till that you can efford
this has been discussed before
here is the thread
https://bitcointalksearch.org/topic/challenge-whats-the-best-way-to-win-1-btc-with-1-btc-939776
and this will be the best way to win 2 btc with 1 btc from the discussion of the thread
here is the thread
https://bitcointalksearch.org/topic/challenge-whats-the-best-way-to-win-1-btc-with-1-btc-939776
and this will be the best way to win 2 btc with 1 btc from the discussion of the thread
Strategy 1:
You're always playing 9900x using a martingale sequence, i.e. your wager for each round is
Strategy 2:
You're constantly playing 20203 satoshi but increase the payout each round by exactly 1x starting at 4951x which will leave you with 1.00004850 BTC profit. You run out of funds after 4949 games and your last payout will be 9899x. You lose all of them with a probability of
I Hope the math is correct
You're always playing 9900x using a martingale sequence, i.e. your wager for each round is
Code:
ceiling((2 - PLAYER_BR)/9899,1e-8)
you run out of funds after 6861 bets. You lose all of them with a probability ofCode:
0.9999^6861 = 0.5035187605260536
or put differently you have a 49.64812% chance of winning.Strategy 2:
You're constantly playing 20203 satoshi but increase the payout each round by exactly 1x starting at 4951x which will leave you with 1.00004850 BTC profit. You run out of funds after 4949 games and your last payout will be 9899x. You lose all of them with a probability of
Code:
prod(1-0.99/i, i=4949..9899) = 0.5035283796177312
leading to a 49.64716% chance of winning.I Hope the math is correct
Thanks for that, i didnt know about the thread
this has been discussed before
here is the thread
https://bitcointalksearch.org/topic/challenge-whats-the-best-way-to-win-1-btc-with-1-btc-939776
and this will be the best way to win 2 btc with 1 btc from the discussion of the thread
here is the thread
https://bitcointalksearch.org/topic/challenge-whats-the-best-way-to-win-1-btc-with-1-btc-939776
and this will be the best way to win 2 btc with 1 btc from the discussion of the thread
Strategy 1:
You're always playing 9900x using a martingale sequence, i.e. your wager for each round is
Strategy 2:
You're constantly playing 20203 satoshi but increase the payout each round by exactly 1x starting at 4951x which will leave you with 1.00004850 BTC profit. You run out of funds after 4949 games and your last payout will be 9899x. You lose all of them with a probability of
I Hope the math is correct
You're always playing 9900x using a martingale sequence, i.e. your wager for each round is
Code:
ceiling((2 - PLAYER_BR)/9899,1e-8)
you run out of funds after 6861 bets. You lose all of them with a probability ofCode:
0.9999^6861 = 0.5035187605260536
or put differently you have a 49.64812% chance of winning.Strategy 2:
You're constantly playing 20203 satoshi but increase the payout each round by exactly 1x starting at 4951x which will leave you with 1.00004850 BTC profit. You run out of funds after 4949 games and your last payout will be 9899x. You lose all of them with a probability of
Code:
prod(1-0.99/i, i=4949..9899) = 0.5035283796177312
leading to a 49.64716% chance of winning.I Hope the math is correct
I think with any method the chances are always a little less than 50%.
So your math looks fine
this has been discussed before
here is the thread
https://bitcointalksearch.org/topic/challenge-whats-the-best-way-to-win-1-btc-with-1-btc-939776
and this will be the best way to win 2 btc with 1 btc from the discussion of the thread
here is the thread
https://bitcointalksearch.org/topic/challenge-whats-the-best-way-to-win-1-btc-with-1-btc-939776
and this will be the best way to win 2 btc with 1 btc from the discussion of the thread
Strategy 1:
You're always playing 9900x using a martingale sequence, i.e. your wager for each round is
Strategy 2:
You're constantly playing 20203 satoshi but increase the payout each round by exactly 1x starting at 4951x which will leave you with 1.00004850 BTC profit. You run out of funds after 4949 games and your last payout will be 9899x. You lose all of them with a probability of
I Hope the math is correct
You're always playing 9900x using a martingale sequence, i.e. your wager for each round is
Code:
ceiling((2 - PLAYER_BR)/9899,1e-8)
you run out of funds after 6861 bets. You lose all of them with a probability ofCode:
0.9999^6861 = 0.5035187605260536
or put differently you have a 49.64812% chance of winning.Strategy 2:
You're constantly playing 20203 satoshi but increase the payout each round by exactly 1x starting at 4951x which will leave you with 1.00004850 BTC profit. You run out of funds after 4949 games and your last payout will be 9899x. You lose all of them with a probability of
Code:
prod(1-0.99/i, i=4949..9899) = 0.5035283796177312
leading to a 49.64716% chance of winning.I Hope the math is correct
By far the best way of gambling 1 BTC is not doing it. Because of the house edge it's a negative sum game.
If you're asking just out of curiosity I'd say starting with a low bet, for example 0.05 at 50% chance. If you lose double your bet, if you win go back to 0.05.
If you're asking just out of curiosity I'd say starting with a low bet, for example 0.05 at 50% chance. If you lose double your bet, if you win go back to 0.05.
Thats martingale and statisticly is not better than betting all on 50% AND there are casinos with 0 house edge
By far the best way of gambling 1 BTC is not doing it. Because of the house edge it's a negative sum game.
If you're asking just out of curiosity I'd say starting with a low bet, for example 0.05 at 50% chance. If you lose double your bet, if you win go back to 0.05.
If you're asking just out of curiosity I'd say starting with a low bet, for example 0.05 at 50% chance. If you lose double your bet, if you win go back to 0.05.
Thats martingale and statisticly is not better than betting all on 50% AND there are casinos with 0 house edge
I don't think it's possible at all having more than 50% chances to win with any method.
I insist the best method is not doing it
By far the best way of gambling 1 BTC is not doing it. Because of the house edge it's a negative sum game.
If you're asking just out of curiosity I'd say starting with a low bet, for example 0.05 at 50% chance. If you lose double your bet, if you win go back to 0.05.
If you're asking just out of curiosity I'd say starting with a low bet, for example 0.05 at 50% chance. If you lose double your bet, if you win go back to 0.05.
Thats martingale and statisticly is not better than betting all on 50% AND there are casinos with 0 house edge
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