I think..strategies always loose at the long term..well technically its really like that due to house edge.
Indeed. It does not matter what 'strategy' you come up with, long term the house edge will always catch you.
Didn't the OP just said spare the "the house always have an edge" thing? Jeez.
Anyways, I tried this method. It honestly doesn't pay off at 45% (x2.2) imo. It brought me down to -23% of my bankroll just from the mere fact that it's harder to reach a 3 consecutive win streak. I had better payouts with martingale with x2.2. However, when I tried 49.5% (x2) it brought me back to +2 of my
original bankroll. Of course it took a very long time but was worth it. Could've potentially have been at +25% if I went x2.
Just wanted to tell that it works! Well, to an extent, at least.
Yea of course duration of play in terms of rounds does come in to play, so you went down on 2.2; but you (and of course you know) could have come back up; as luck does fall into the equation.
Another variant you can try; is to play for 4 consecutive wins, or 5 consecutive wins.
At 2x payout (49.50% chance of win); your maximum loss per roll is limited to whatever you set your base bet at provided you play through to a win of X (number of consecutive wins) you decide on in the begining.
So if you say decide on a base of 10000 satoshi you could see a bet sequence to win as follows:
FOR A LOSING SEQUENCE AIMING FOR 4 WINS:0.00010000 LOSE
0.00020000 LOSE
0.00030000 LOSE
0.00040000 LOSE
0.00050000 WIN (AT WHICH POINT YOU HAVE ROLLED 5 ROLLS / NET P/L IS NOW -0.00050000 (0.00010000 PER ROLL)
0.00100000 WIN
0.00200000 WIN
0.00400000 LOSE (EVEN THOUGH YOU HAVE LOST; YOU HAVE STILL ONLY RISKED AND LOST 0.00050000 YET PLAYED 9 ROLLS = LOSS OF LESS THAN 0.00006000 PER ROLL
NOW FOR A WINNING SEQUENCE:0.00010000 LOSE
0.00020000 LOSE
0.00030000 WIN (AT WHICH POINT YOU HAVE ROLLED 3 ROLLS / NET P/L IS NOW 0.00000000 (0.00000000 PER ROLL)
0.00060000 WIN
0.00120000 WIN
0.00240000 WIN NET WIN: +0.00420000
REGARDLESS; It doesnt matter how many losses you have before you hit your win streak; your maximum loss per roll is limited by this strategy to your base bet x # of rolls.
Martingale is too risky, a long loss streak wipes you out. But with this strategy, as long as you calculate a safe number of being able to hit some bad losing streaks in a row; as in losing 8x then 10x then 5x then 7x before hitting an actual win/reset- the payout is much higher.
For Martingale, to net 0.00420000 in profit, you have to win 42 martingale series runs; without doubling up every roll and busting out.
This works much better.
I built a bot that does the betting and calculating and resetting all on it's own. It works great and havent lost thus far (knock on wood).