Is their any safe methods to gamble? - page 227.

Betwrong

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Quote from: ikydesu on December 02, 2015, 06:24:50 AM

"Is their any safe methods to gamble?"
Use free bit to play gamble Grin

and if you runs out of btc, use free bit, don't use your money Grin

Quote from: zivone on December 01, 2015, 08:31:31 PM

The safest way is not to start gambling at all. Grin

The best comment in this thread Grin

Mostly I agree but since OP asked about safe methods to gamble I'd suggest apart from using free bits gamble with amounts which are below 1k sats which are just fractions of a cent. And if you can stop before losing more than a dollar I thinkk it's pretty safe too.

h0w8rd

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that safest method is quit while you are ahead.

gamble is just that "a gamble"

Astargath

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Quote from: michinzx on December 01, 2015, 03:47:00 AM

Quote from: CoinHopper on November 22, 2015, 07:10:27 AM

There are no actual 100% safe methods to gamble, but you could try martingale. If you have a large enough bankroll, it's almost impossible to lose. Let's say you martingale with 1 bitcoin at a 1 satoshi base bet.

If my maths is correct (I actually have no idea if it's correct or not), you should be able to cover about 20 losses in a row. How could you roll wrongly 20 times in a row!? (It's actually possible, I've lost 15 times in a row before xD)

i would say martingale is one of the 100% unsafest methods in gambling, especially in the bitcoin casinos where the house edge is a thing. take into account that with martingale, most players are going to be putting in thousands, if not tens of thousands, of bets over a long period of time. 1% edge might not seem that important, but mover those thousands of bets, it really makes a difference in the long run.

There are actually no unsafe methods either, a method cannot be safe, if by safe you mean a method that allows you to bet more before busting it still doesn't make it better than martingale or other method. High risk high reward, low risk low reward, basically the odds will always end up being the same at the end of the day.

ikydesu

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"Is their any safe methods to gamble?"
Use free bit to play gamble Grin

and if you runs out of btc, use free bit, don't use your money Grin

Quote from: zivone on December 01, 2015, 08:31:31 PM

The safest way is not to start gambling at all. Grin

The best comment in this thread Grin

Winalunt

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Quote from: ultimatesky on December 01, 2015, 04:43:28 AM

invest your money into something that can actually grow with not too many chances of losing.

that is a way to increase your money (maybe) , it is not a safe way to gamble.
Infact it is not even gambling.

Light

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Quote from: zivone on December 01, 2015, 08:31:31 PM

The safest way is not to start gambling at all. Grin

Surprisingly I found a response that mirrors reality.

In general gambling is an expected loss - while you can get lucky - from basic probability you'd more likely than not find yourself in the red. The exception to this rule is in any form of gambling where skill plays a factor (i.e. poker/sports betting), but for you to safely make a profit you'd have to be far far superior in skill to the rest of the people you're effectively pitting yourself against. In poker it would be solid play whereas in betting it would be the ability to extremely accurately predict the true probability of the event (which in reality would only be do-able by modelling).

fullypak

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Quote from: bitbinn on December 01, 2015, 10:33:11 AM

only play with small amounts and if you lose at least you had fun don't play with anything that would be problem if you lose

Yes, one shouldn't have any target to win specific % need to win money from gambling on a given day. If any one chase winning in gambling than most likely they will end up losing lot of money because lucky is very important factor needed to win money in gambling. There no safe ways to gamble but you can play with small amounts to reduce your risks of losing more money.

zivone

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The safest way is not to start gambling at all. Grin

newcoins1978

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Quote from: vendetahome on December 01, 2015, 03:24:35 PM

i doubt that there are any safe ways to gamble your money though i think you should gamble only what you can afford to loose in that way your other money would be safe

This is not always enough for some people. They need to gamble for adrenaline or a kick. My goal with this thread is to find a wya out for them.
Without taking oo much risk.

vendetahome

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i doubt that there are any safe ways to gamble your money though i think you should gamble only what you can afford to loose in that way your other money would be safe

Slark

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Quote from: ultimatesky on December 01, 2015, 04:43:28 AM

The safest methods to gamble is to not gamble at all and invest your money into something that can actually grow with not too many chances of losing.

You realize that there is almost no safe way of investing your money? I am not talking about storing your money on a bank deposit and try to fight inflation with interest from it.
That is not investing. Real investment is very similar to gambling, the core difference that you have greater maneuverability and can obtain knowledge about your investments before wasting any money.

kyrios_

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Quote from: btc-facebook on December 01, 2015, 10:43:48 AM

Martiangle with 0.1 %
Loss to much for Win Big

Quote from: bitbinn on December 01, 2015, 10:33:11 AM

only play with small amounts and if you lose at least you had fun don't play with anything that would be problem if you lose

If you just play with small amount, you got nothing or got less than initial one.
For me better bet with huge one or nothing since I'm aware that gambling having unexpected risk

Martingale will lose in the long run

btc-facebook

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Martiangle with 0.1 %
Loss to much for Win Big

Quote from: bitbinn on December 01, 2015, 10:33:11 AM

only play with small amounts and if you lose at least you had fun don't play with anything that would be problem if you lose

If you just play with small amount, you got nothing or got less than initial one.
For me better bet with huge one or nothing since I'm aware that gambling having unexpected risk

dothebeats

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There isn't, but you can probably cut your losses by just using one wallet with limited amounts of bitcoin and try not to use any other wallet of yours that has bitcoins on it so that you won't end up losing all if in case.

bitbinn

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only play with small amounts and if you lose at least you had fun don't play with anything that would be problem if you lose

CryptoBjorn

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Quote from: NorrisK on December 01, 2015, 04:48:27 AM

In the long run you will always lose the house edge. They have to take their profit and no matter how small it is, you will end up paying it if you play indefinately. You can be lucky though. As a 1% edge to the house is not always noticable right away. You can go on a winning spree for a while and if you know when to quit you may profit from this.

Safest way to gamble will be to set win and loss limits so you stay in control of yourself. Don't try to make up for any losses, just stop for the day.

That is true that you will lose and the end. But yeah if you have some control to yourself is oke.

Gambling mean losing money and win some.

Oscoda

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Maybe the safest road is just be prepared and how much you are willing to spend to gamble.

And if you feel that you will lose just stop.

NorrisK

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In the long run you will always lose the house edge. They have to take their profit and no matter how small it is, you will end up paying it if you play indefinately. You can be lucky though. As a 1% edge to the house is not always noticable right away. You can go on a winning spree for a while and if you know when to quit you may profit from this.

Safest way to gamble will be to set win and loss limits so you stay in control of yourself. Don't try to make up for any losses, just stop for the day.

ultimatesky

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SkyFall

The safest methods to gamble is to not gamble at all and invest your money into something that can actually grow with not too many chances of losing.

bitcoin-hunter

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The safe method is not to gamble.

But if you gamble just bet less money that is the safest way, because if you feel that you are losing than just stop.

Topic: Is their any safe methods to gamble? - page 227. (Read 196437 times)