On each bet, you are increasing the betting amount and at the same time, you are increasing your odds for which there is an increasing losing chance on the bet. And in this way, there is a low chance to e a winner as on each bet you are increasing the odds. As a result, the possible loss is higher than being the winner.
The odds is a nice topic to talk about, what are the odds to hit an x10? 1/10, what are the odds to hit an x100? 1/100... so, when you are chasing an x540 you have done x539 bets, so, feels like we are moving with the odds, in other words, while lowering the chance to win then more bets on the line.
I'm not sure if you are trolling or not.
I'm sure I'm not trolling, I'm right now running 3 bots with this method on virtual machines.
You don't have an infinite bankroll. Eventually, you will hit a losing streak so large that it bankrupts you.
What if you are using a coin with a low cost, like doge coin, and start with 1000 doges bankroll betting at 0.00000002, I know is not infinite bankroll, but the amount of bets you can do is more than 1 million.
The casino sets its own betting limits based on its risk profiles. Nobody would take this bet because it could bankrupt a casino.
I agree with this, I'm not making a massive profit with it, but is a constant win.
What game are you playing exactly because according to what you said if I’m to use this strategy of yours I’ll have to use a payout of 2x and that will reduce the odds of me winning to less than 50% which means if I’m to go on with this method I’ll experience more loses than wins.
I'm playing Dice right now, on a casino where the max multiplier is x990,000. is the same casino where I hit x300,000 in the past (
https://bitcointalksearch.org/topic/chasing-a-x330000-update-i-hit-it-5406456) And with the current bot I already have some crazy multipliers.
x8048
https://just-dice.com/roll/6110001180x9900
https://just-dice.com/roll/6109916608x6700
https://just-dice.com/roll/6109899409Look at the timestamp and you will see they are fresh.
But I would like to focus the conversation in the betting method, now I'm rolling with 50 balance and starting bet is 0.000002 with 000001 increments. it looks something like this: