MY gambling strategy to limit loss and make btc - page 9.

babyjesusftw1

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Quote from: futurebit640 on July 30, 2016, 10:03:39 PM

Quote from: 8Habits on July 30, 2016, 09:57:54 PM

Quote from: adaseb on July 30, 2016, 09:09:20 PM

Quote from: babyjesusftw1 on July 30, 2016, 08:02:31 PM

with this strategy, you'll never be able to build up a bankroll to gradually increase the profit you can make. I'd recommend setting a higher goal (like maybe .1 btc) and whenever you hit that goal, you withdraw a portion of your winnings. That way you can still build up your bankroll while making sure you dont lose everything

HE does it like that to protect his smaller bankroll. Its true when you bet higher you can make more but you can also lose everything. Its different for everyone.

With bigger bankroll though, you can build many sessions which give you many chances of hitting your profit goal, be it daily, weekly, or monthly profit goal

But when playing with bigger bankroll one can lose a lot of money very fast without even realising it because they may be continuously betting thinking they got a big bankroll but we all should remember we can't beat house bankroll to win at the end. I prefer to gamble with some fixed bankroll to limit my losses on a daily basis.

If you bet a strict % of your bankroll, you won't lose money quickly. I don't think you know how proper bankroll management works. If he bets 5% of his bankroll on every play, then he will lose less and less after each loss, minimizing his losses. But if he keeps winning, then his bankroll with get exponentially bigger

futurebit640

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Quote from: 8Habits on July 30, 2016, 09:57:54 PM

Quote from: adaseb on July 30, 2016, 09:09:20 PM

Quote from: babyjesusftw1 on July 30, 2016, 08:02:31 PM

with this strategy, you'll never be able to build up a bankroll to gradually increase the profit you can make. I'd recommend setting a higher goal (like maybe .1 btc) and whenever you hit that goal, you withdraw a portion of your winnings. That way you can still build up your bankroll while making sure you dont lose everything

HE does it like that to protect his smaller bankroll. Its true when you bet higher you can make more but you can also lose everything. Its different for everyone.

With bigger bankroll though, you can build many sessions which give you many chances of hitting your profit goal, be it daily, weekly, or monthly profit goal

But when playing with bigger bankroll one can lose a lot of money very fast without even realising it because they may be continuously betting thinking they got a big bankroll but we all should remember we can't beat house bankroll to win at the end. I prefer to gamble with some fixed bankroll to limit my losses on a daily basis.

8Habits

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Quote from: adaseb on July 30, 2016, 09:09:20 PM

Quote from: babyjesusftw1 on July 30, 2016, 08:02:31 PM

with this strategy, you'll never be able to build up a bankroll to gradually increase the profit you can make. I'd recommend setting a higher goal (like maybe .1 btc) and whenever you hit that goal, you withdraw a portion of your winnings. That way you can still build up your bankroll while making sure you dont lose everything

HE does it like that to protect his smaller bankroll. Its true when you bet higher you can make more but you can also lose everything. Its different for everyone.

With bigger bankroll though, you can build many sessions which give you many chances of hitting your profit goal, be it daily, weekly, or monthly profit goal

adaseb

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Quote from: babyjesusftw1 on July 30, 2016, 08:02:31 PM

with this strategy, you'll never be able to build up a bankroll to gradually increase the profit you can make. I'd recommend setting a higher goal (like maybe .1 btc) and whenever you hit that goal, you withdraw a portion of your winnings. That way you can still build up your bankroll while making sure you dont lose everything

HE does it like that to protect his smaller bankroll. Its true when you bet higher you can make more but you can also lose everything. Its different for everyone.

babyjesusftw1

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with this strategy, you'll never be able to build up a bankroll to gradually increase the profit you can make. I'd recommend setting a higher goal (like maybe .1 btc) and whenever you hit that goal, you withdraw a portion of your winnings. That way you can still build up your bankroll while making sure you dont lose everything

Arcteryx

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EtherSphere - Social Games

Quote from: adaseb on July 27, 2016, 08:01:57 PM

Quote from: jupiterdianysa on July 27, 2016, 07:20:52 PM

I always pump the idea of betting big to win big.. thats my biggest problem. Otherwise its not fun for me. Controling is also okey but 100k is too low to give some heart attacks Cheesy

Its depends what your net worth is. In the USA $100 might not be much money but in some 3rd world country it can be. Its different for everyone.

Funny you say that amount. Cheesy

I just lost that very same amount yesterday at a bitcoin casino only after 2 hours of playing.
That ws the fastest I ever lost that amount of money in a short amount of time. But I did not see it as that much. But since you just said it is alot to a third world country that got me looking it in that perspective. Cry

That is alot of money after all.

Lexiatel

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I think you have a very good strategy. What happens when you get below your deposit amount though? What are you betting methods? Doss your base bet start low (at dust) and slowly grow through a loss streak until finally you when a big sum?

I once won 360k after slowly betting away 100k starting off very small: it was my last 30k some satoshi, and right before I bet, I was very sure that I was going to lose, but I didn't. I kept 100k to gamble with, 'gave' 100k back to the site by buying lotto tickets, and sent 100k to my wallet. That's the way I like to do it; 3-way spilt.

20kevin20

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Quote from: lionheart78 on July 30, 2016, 04:07:30 PM

Well self control is the best strategy to limit loss and make Bitcoin when gambling. Doing this kind of set up you control your lost to the house. so if you set a 1 BTC budget and you lost it and stop, The house will not get more than 1 BTC. And then if you are winning and suddenly stopped in the middle of the winning streak, you remove the chance of the house to chase you on their loses.

Self control & Luck are the ONLY strategies actually working. Please tell me how can you go to a casino and find 'a strategy' to win and the admin gets it patched after a few days, tell me how is it possible to find Casino bankrupting strategies. If they existed, the guy who found them would NEVER share them. It's all about getting views on YouTube and on Blogs, so they can get easy money from ads. Just keep it all in control and you'll find out that there's only luck and self control in gambling.

lionheart78

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Well self control is the best strategy to limit loss and make Bitcoin when gambling. Doing this kind of set up you control your lost to the house. so if you set a 1 BTC budget and you lost it and stop, The house will not get more than 1 BTC. And then if you are winning and suddenly stopped in the middle of the winning streak, you remove the chance of the house to chase you on their loses.

neochiny

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Crypto.games

Quote from: trafficolaa on July 28, 2016, 10:51:29 AM

Quote from: adaseb on July 27, 2016, 08:01:57 PM

Quote from: jupiterdianysa on July 27, 2016, 07:20:52 PM

I always pump the idea of betting big to win big.. thats my biggest problem. Otherwise its not fun for me. Controling is also okey but 100k is too low to give some heart attacks Cheesy

Its depends what your net worth is. In the USA $100 might not be much money but in some 3rd world country it can be. Its different for everyone.

Will do agree with you it is depend on our bankroll and how much we can afford to lose, but if someone going to play with big amount than it has 50-50 chance, if he is lucky than gambling is fun for him otherwise it can cause of get heart attack for him too. Wink

Well yes, if you play big you can also win big. lol. When you're so used to playing with big money, suddenly trying to play with small change just doesn't do it for you. But the thing is, having the control to play both big and small is very hard to do. Let's say you're betting 100 - 200 mbtc at 2x payout, when you make about 1btc, STOP, take a break, change your play to 1,000 satoshis at minimum payout for say 15-30 mins,and if you want to, then you can continue.You have to calm yourself first so as not to let emotions and greed drive your play. Also, never chase your losses and depend on just that one big win.That's a big no-no.You shouldn't play with money you can't afford to lose in the first place.

trafficolaa

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Quote from: adaseb on July 27, 2016, 08:01:57 PM

Quote from: jupiterdianysa on July 27, 2016, 07:20:52 PM

I always pump the idea of betting big to win big.. thats my biggest problem. Otherwise its not fun for me. Controling is also okey but 100k is too low to give some heart attacks Cheesy

Its depends what your net worth is. In the USA $100 might not be much money but in some 3rd world country it can be. Its different for everyone.

Will do agree with you it is depend on our bankroll and how much we can afford to lose, but if someone going to play with big amount than it has 50-50 chance, if he is lucky than gambling is fun for him otherwise it can cause of get heart attack for him too. Wink

adaseb

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Quote from: numanoid on July 27, 2016, 10:58:39 PM

Quote from: adibe on July 27, 2016, 08:09:20 PM

Quote from: panjul07 on July 27, 2016, 07:47:38 PM

Quote from: serjent05 on July 27, 2016, 11:23:58 AM

Quote from: thecrimson16 on July 03, 2016, 11:04:22 PM

My strtegy is very simple. It is called self control. i strt with .01 anytime i get more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

This is a good strategy. I would suggest that you must be aware that the longer you play, the more possible the house edge kick in. So I would suggest that aftere some rounds of winning, create another account and play with it leaving your old account idle for several days or weeks.

Creating new account after winning to get another winning is just a stupid mindset. Creating new account will never change the outcome, its all depend on luck. Perhaps you have experienced a winning streak with different accounts, but it was just lucky instead of the effect of the new account IMHO.
Having a limit on both winning and losing is the best way to control your gambling.

I think creating a new account on gambling like dice sites and gambling that have provably fair is also give some affect. I mean you can reduce the chance of lose.

LOL, how can you be sure if you can reduce chance of lose just with create a new account in gambling sites? It's the funny thing i ever heard from a gambler. Create new account -> provably fair, haha

He thinks that if you made too much with one account the webmaster can increase the house edge to make you lose so the casino can get their money back. However I don't think that is true.

numanoid

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Quote from: adibe on July 27, 2016, 08:09:20 PM

Quote from: panjul07 on July 27, 2016, 07:47:38 PM

Quote from: serjent05 on July 27, 2016, 11:23:58 AM

Quote from: thecrimson16 on July 03, 2016, 11:04:22 PM

My strtegy is very simple. It is called self control. i strt with .01 anytime i get more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

This is a good strategy. I would suggest that you must be aware that the longer you play, the more possible the house edge kick in. So I would suggest that aftere some rounds of winning, create another account and play with it leaving your old account idle for several days or weeks.

Creating new account after winning to get another winning is just a stupid mindset. Creating new account will never change the outcome, its all depend on luck. Perhaps you have experienced a winning streak with different accounts, but it was just lucky instead of the effect of the new account IMHO.
Having a limit on both winning and losing is the best way to control your gambling.

I think creating a new account on gambling like dice sites and gambling that have provably fair is also give some affect. I mean you can reduce the chance of lose.

LOL, how can you be sure if you can reduce chance of lose just with create a new account in gambling sites? It's the funny thing i ever heard from a gambler. Create new account -> provably fair, haha

teilwalL05

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Quote from: ronaldo40 on July 27, 2016, 07:13:03 PM

Quote from: hua_hui on July 27, 2016, 11:03:23 AM

Quote from: ronaldo40 on July 27, 2016, 10:49:08 AM

if I might be better to withdraw when profit reached 50%, so that the balance I was able to backup the defeat.

the trick is to stop and withdraw with whatever profit you made in the process. Most method is to try and stop before hitting the long chain of losses. So the more you drag, like playing until 50%, the higher the chance of losing your basic bankroll.

you are right, but basically I was just trying to secure my capital, and do not want to lose all in an instant.
but whatever the method, sometimes in the end I lost all and did not get any Grin

Well, we need to put our mind that we need to save our personal income and not to use it as for fun in gambling because money is really very important to us in life so that when we can have our own family we can give what their needs in life, Don't think about their wants in life the more important is their needs.

Erza

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Quote from: 8Habits on July 27, 2016, 06:22:09 AM

Quote from: teilwalL05 on July 27, 2016, 05:48:03 AM

Quote from: potatopower on July 26, 2016, 04:38:24 AM

Quote from: thecrimson16 on July 03, 2016, 11:04:22 PM

My strtegy is very simple. It is called self control. i strt with .01 anytime i get more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

your plan is good but you still can lose a lot, i would take what i won after i have 50% more than i started with, so i would also earn more

Yes we can still lose money even if we have self control, we cannot handle what will happen in our game every time we bet so no one can tell if we can win or lose, but at least you have self control so that if you are really not lucky in that day we can stop immediately.

In gambling, we win some and we lose some. Self-control is really hard to do, especially when you are just starting in gambling. The trick is try to create a system in betting and when you find a winning system for you and that you are comfortable with, implement it when you gamble.

Here's an example, when you have a bankroll of let's say 1 BTC, you divide it to 10 - that would equal to ten .1 btc. So you have 10 days, 10 hours, or 10 minutes to play with your 1 BTC, this is will be up to you. You then target a goal profit and when you hit that profit, stop and restart a session and if you lose that .1 or 1st session, don't chase that loss - stop and call it a session lost and then play again with your second session.

We are just talking here about sessions and no way of betting yet (it is worth a new post to discuss). So with this, you will eventually practice self-control by not overdoing your bets because you have a fixed amount of bankroll to play with in every session.

It really cost a lot just by practice your self control here. But anyway lets assume that you lose most of your session without getting any profit and in the end you are still on negative? How are you going to fix this? Open a new session again to bet? And that will cost 1 btc again? Sure that thing is really hard to get

adibe

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Quote from: panjul07 on July 27, 2016, 07:47:38 PM

Quote from: serjent05 on July 27, 2016, 11:23:58 AM

Quote from: thecrimson16 on July 03, 2016, 11:04:22 PM

My strtegy is very simple. It is called self control. i strt with .01 anytime i get more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

This is a good strategy. I would suggest that you must be aware that the longer you play, the more possible the house edge kick in. So I would suggest that aftere some rounds of winning, create another account and play with it leaving your old account idle for several days or weeks.

Creating new account after winning to get another winning is just a stupid mindset. Creating new account will never change the outcome, its all depend on luck. Perhaps you have experienced a winning streak with different accounts, but it was just lucky instead of the effect of the new account IMHO.
Having a limit on both winning and losing is the best way to control your gambling.

I think creating a new account on gambling like dice sites and gambling that have provably fair is also give some affect. I mean you can reduce the chance of lose.

adaseb

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Activity: 3808

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Quote from: jupiterdianysa on July 27, 2016, 07:20:52 PM

I always pump the idea of betting big to win big.. thats my biggest problem. Otherwise its not fun for me. Controling is also okey but 100k is too low to give some heart attacks Cheesy

Its depends what your net worth is. In the USA $100 might not be much money but in some 3rd world country it can be. Its different for everyone.

panjul07

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Quote from: serjent05 on July 27, 2016, 11:23:58 AM

Quote from: thecrimson16 on July 03, 2016, 11:04:22 PM

My strtegy is very simple. It is called self control. i strt with .01 anytime i get more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

This is a good strategy. I would suggest that you must be aware that the longer you play, the more possible the house edge kick in. So I would suggest that aftere some rounds of winning, create another account and play with it leaving your old account idle for several days or weeks.

Creating new account after winning to get another winning is just a stupid mindset. Creating new account will never change the outcome, its all depend on luck. Perhaps you have experienced a winning streak with different accounts, but it was just lucky instead of the effect of the new account IMHO.
Having a limit on both winning and losing is the best way to control your gambling.

jupiterdianysa

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I always pump the idea of betting big to win big.. thats my biggest problem. Otherwise its not fun for me. Controling is also okey but 100k is too low to give some heart attacks Cheesy

ronaldo40

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Quote from: hua_hui on July 27, 2016, 11:03:23 AM

Quote from: ronaldo40 on July 27, 2016, 10:49:08 AM

if I might be better to withdraw when profit reached 50%, so that the balance I was able to backup the defeat.

the trick is to stop and withdraw with whatever profit you made in the process. Most method is to try and stop before hitting the long chain of losses. So the more you drag, like playing until 50%, the higher the chance of losing your basic bankroll.

you are right, but basically I was just trying to secure my capital, and do not want to lose all in an instant.
but whatever the method, sometimes in the end I lost all and did not get any Grin

Topic: MY gambling strategy to limit loss and make btc - page 9. (Read 6834 times)