What's your gambling system? | Bitcointalksearch.org

Latviand

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Quote from: Tytanowy Janusz on April 02, 2020, 05:35:35 AM

Quote from: wwzsocki on February 13, 2020, 05:03:02 AM

Which one is the best and gives the best chances? Is there any which actually works?

PS
I see explanations about these variations in the thread, but it is hard to understand them correctly if one has not too much experience with martingale and that is why I want to get a straight answer if possible?

The best martingale system variation so far is this one - tripling instead of doubling but still it is much worse than simply going into casino and betting all your money in single trade double or go home broken (single bet system). So does it work? No ... but still it is better than regular martingale and any other martingale variation.

Quote from: Danydee on March 31, 2020, 02:25:13 PM

Hi OP,
Can you code/do virtualisation for martingale on 2,2x multiplier, or 120% profit on win. I would ask you for the difference between starting at 1 and starting at 2 with bankroll off 100,000.
Thank you

Sure. I was very busy last days and completely forgot about this topic. I still need to code simulation for Harunobu and others. I will try to find time to finally come back to this tread.

Multiplying your bet is not a guaranteed strategy no matter if your a newbie or professional gambler. We all know that gambling is risky and the probability of winning is always lower than losing so it is your call if you will do that Martingale Strategy. Gambling is risky plus you will add more risk to it then the possibility of you winning will become impossible, most especially if you're not luck enough to win. The only chance to minimize the losses is to budget the money that you're going to spend and practice self-control. Self-discipline will make your mind comfortable in gambling and let you think peacefully and critically so that your decisions in gambling will be clear and you avoid being greedy. In order to win in gambling, it start with your own emotion and self-manipulation of thoughts and that Martingale Strategy is not effective at all.

jademaxsuy

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I tried doubling my bets after losing 2 times or 3 times and reset when I won and repeat when I lose again but in the end all the money I gamble are lose in gambling. I am not very lucky with strategies and I would only base on luck or it's randomness when I gamble sometimes.

20kevin20

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I've tried so many gambling systems and the conclusion I reached is that there's no way you can game their mechanism. The more you risk, the earlier you bust. The opposite applies too. I tried playing out with the "1.01x" payout through dice and I have miserably failed after more than 15 hours of automated bets. Through Martingale, the fastest bust was under 5 minutes.

If you wanna play, just go for it whatever the final outcome is. All you need is luck; have it and you'll happily end the gambling session in minutes.

The only thing you can game in a gambling session is the greed. If you can play it out and stop before a complete bust, then you're ahead of the game. Otherwise.. it's all about luck. A lifetime experience doesn't give you higher chances to win. In fact, if you've been a long time gambler, chances are you already are in a pretty deep debt.

AniviaBtc

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Quote from: libert19 on August 30, 2019, 10:33:05 PM

Quote from: carlfebz2 on August 30, 2019, 02:56:37 PM

Quote from: numanoid on August 30, 2019, 10:49:05 AM

Quote from: Malsetid on August 30, 2019, 03:32:25 AM

He's basically doubling his bets after every loss. And the will go for broke once he's had 6 rolls of bad luck lol

it's not like that. IMO, he said about 2 strategies, first one is after 5 or 6 streak losses, you bet all in/max of your money for 6/7th bet (this is crazy, you can't be sure you will win since we have often seen more than 8 streak losses)
And the second is after 5 or 6 streak losses, you will go with 10% from your money which kinda safer than first one.

Going all in or bet all in 6 or 7th bet? Not an assurance thing to hit up as I had tried this in the past when I'm still playing dice on my newbie exploring days.
Waiting for some losing streaks then betting big on the next roll presuming that it would be a green.No matter how you tweaked it up
We cant really predict on how long would be the losing streak on that time.

Right, thinking like, "I have had 6 losses in a raw so I must be winning the next one" is wrong thinking, every dice roll comes with the same odds, you can't predict what next roll will bring.

No matter what strategy you're going to apply, luck is still needed for you to succeed in all of your gambling platform. I tried to gamble with a lot of strategy, somehow it is effective and will really put you in a winning streak but I realized that I'm just lucky that day. As I try to use my strategy from time to time, there's a time that my strategy is not that effective anymore. I already used that Martingale Strategy but in the end, I loss a huge amount of money because I'm not that lucky enough to win that, but because I trusted this strategy, I'm confident that I'll win my money back. In the next roll, I don't have any money to spent so I concluded that this Martingale is not that effective in all of situation in our gambling career so always be careful in gambling and learn how to discipline your self.

Tytanowy Janusz

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Quote from: wwzsocki on February 13, 2020, 05:03:02 AM

Which one is the best and gives the best chances? Is there any which actually works?

PS
I see explanations about these variations in the thread, but it is hard to understand them correctly if one has not too much experience with martingale and that is why I want to get a straight answer if possible?

The best martingale system variation so far is this one - tripling instead of doubling but still it is much worse than simply going into casino and betting all your money in single trade double or go home broken (single bet system). So does it work? No ... but still it is better than regular martingale and any other martingale variation.

Quote from: Danydee on March 31, 2020, 02:25:13 PM

Hi OP,
Can you code/do virtualisation for martingale on 2,2x multiplier, or 120% profit on win. I would ask you for the difference between starting at 1 and starting at 2 with bankroll off 100,000.
Thank you

Sure. I was very busy last days and completely forgot about this topic. I still need to code simulation for Harunobu and others. I will try to find time to finally come back to this tread.

Danydee

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Hi OP,

Can you code/do virtualisation for martingale on 2,2x multiplier, or 120% profit on win. I would ask you for the difference between starting at 1 and starting at 2 with bankroll off 100,000.

Thank you

wwzsocki

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TheGreatPython

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For me I don't plan any specific strategies mostly but when I do here is what I try to implement. Firstly let me make it clear, I don't use any automated betting or bots. So below is how my strategy goes :

1- I try to make bet on 66% win chance around 1% of my bankroll (for me bankroll is what I won't mind if I loose all of it)
2- Loss - Increase bet by 2 times (earlier if it was 0.0001 btc now the bet is 0.0003)
3- If win, reduce bet by 10%

Doesn't always work but I feel good going with this one.

docthusinh

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My strategy:
- Bet until win.
- Fibonacci, 1.618 multiplier, 1 1 2 3 5 8 13 21 33 55 85 etc..., if the balance of specified coin is not enough, modify it for a lower number like 1.618 to 1.5 or to 1.3128 etc...
- Add in one of a kind formula to adjust bet size for streak bigger than that.
- Persistent, not a quick get rich scheme, if my earning is low, i will then think of it value at 100,000 USD per coin and happy with assumed earning with that conversion rate.

*Status: undisclosured, running 24/7, 100 million bets made over 6 and a half months, montly earning is enough to pay my car installment.

madnessteat

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I changed Martingale's strategy a bit when I was playing dice:
The first bet was 1 Satoshi.
If this bet wins, the next bet will be the same if the bet is doubled.

It seems to be the usual Martingale strategy, but at some point after losing I did not double the bet, and put it completely random for example 5000 Satoshi. Regardless of the outcome of this bet, I started the game anew.

It is clear that in the dice each new bet does not depend on the past, but still this bet often won.

Use it at your own risk and don't forget that in the casino you can lose all your money.

Tytanowy Janusz

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Quote from: Yatsan on February 08, 2020, 07:12:08 AM

I am not sure if you will apply math logic to it if it's really applicable, but I am pretty sure that you have more chance of winning the game if you will be given a head start. Same with the gambling at the primedice or any dice sites. So for me it's effective and I will still going to use it, I am thinking it as a head start and surprisingly it is working Wink

It is not a head start if you start to play after 3 losses because you still have 0 profit/loss in your wallet.

Let me explain it to you in other way. F.e. Me and my fried are playing coin toss. After first 5 throws he won then all. I said ... man, lets start again fresh please. Now i'll be throwing in 100% provably fair random way. Who has bigger ods to win now? Its still 50:50 for next and every other bet. Previous loss does not affect future.

Now imagine that you enter room and you see us playing. We ask you to bet who of us will win next throw. Would you ask "who won last one"? I wouldn't

I know that it might be hard to understand but trust me. I'm sure that it does not affect result not only because i think so ... I've coded simulation for that and it confirms my guess.

Yatsan

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Quote from: Tytanowy Janusz on February 08, 2020, 03:25:14 AM

-Snip-

Yeah, I understand that the previous bet or your future bet don't have any relation with your current bet. The probability of winning will be 50/50 in every bet you are going to make. I am not a mathematical person but just imagine this situation haha LOL.

If you are going to bet with the race to 10 kind of gambling, and you will be given a 4 win head start. Considering that every bet will be a 50/50 chance of winning then your probability of winning will be higher considering that, in general aspect you just needed a 6wins and your opponent need 4wins to entirely win the game.

I am not sure if you will apply math logic to it if it's really applicable, but I am pretty sure that you have more chance of winning the game if you will be given a head start. Same with the gambling at the primedice or any dice sites. So for me it's effective and I will still going to use it, I am thinking it as a head start and surprisingly it is working Wink

Tytanowy Janusz

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Quote from: Yatsan on February 07, 2020, 11:03:40 AM

Mine is (Martingale double bet after loss) I am doing it in dice site which is primedice, my strategy is simple. Since you can bet there even with no balance, I will bet "0" until I reach the four consecutive loses and after that I will going to start now the Martingale strategy. After I win I will reset the sequence again and wait until I reach four consecutive loses again with "0" bet.

To summarize here is the process:

Bet 0 satoshi
Wait until you reach 4 consecutive loses
Bet now using your prefer base bet
Double the best until you win
After you win, reset the bet to 0 and wait for four consecutive losses again

Patience is the key on using this strategy and it works on me! If you want to be extra cautious, you can wait until you reach five consecutive loses (it takes time to get through that stage), after that start your base bet. I hope this works for anyone that is going to try this.

You are third person that came to me with similar system

. At first look it might work but when you look closely it appears that you believe that dice remember its previous rolls ... It doesn't. Everything that happens before your bet and after does not affect your bet (or set of bets). That's why there is no difference between regular martingale and martingale that starts after 10 black/red or 10 win/loss with 0.

Quote from: akirasendo17 on February 07, 2020, 07:21:31 AM

My style in gambling is simple, when I bet and lost, I try to see the pattern of the winning in a certain game, then from that my sequence is when I bet and when I tey to bet lower from what I bet and when, then when I lost try to bet higher but monitor first with pattern again, because every game have pattern you just have to look closely, its just there waiting to be unlock

Sorry to say that but this is nonesense and you are wasting your time. There is no pattern in random number generator.

Yatsan

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Mine is (Martingale double bet after loss) I am doing it in dice site which is primedice, my strategy is simple. Since you can bet there even with no balance, I will bet "0" until I reach the four consecutive loses and after that I will going to start now the Martingale strategy. After I win I will reset the sequence again and wait until I reach four consecutive loses again with "0" bet.

To summarize here is the process:

Bet 0 satoshi
Wait until you reach 4 consecutive loses
Bet now using your prefer base bet
Double the best until you win
After you win, reset the bet to 0 and wait for four consecutive losses again

Patience is the key on using this strategy and it works on me! If you want to be extra cautious, you can wait until you reach five consecutive loses (it takes time to get through that stage), after that start your base bet. I hope this works for anyone that is going to try this.

akirasendo17

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My style in gambling is simple, when I bet and lost, I try to see the pattern of the winning in a certain game, then from that my sequence is when I bet and when I tey to bet lower from what I bet and when, then when I lost try to bet higher but monitor first with pattern again, because every game have pattern you just have to look closely, its just there waiting to be unlock

Tytanowy Janusz

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Quote from: Lucasgabd on February 07, 2020, 06:28:22 AM

makes sense
so is it a consensus that triple bet should be the new martingale?

so interesting how simmilar risk management is in trading and in gambling
even being different and trading having the need of more skill than gamblers, risk management could be applied to both, starting from the basics of never investing more than you're ok with losing to more advanced concepts.

We are going a little off topic but i'll leave it here since I couldn't agree more. The only think that I would like to add is that it does not apply to every game. Only poker and other player vs player games. Not player vs casino where one site has statistical advantage over another.

I even created this thread in which I encourage playing poker to train skill that are necessary in trading.

Quote from: BALIK on February 06, 2020, 01:59:28 PM

Personally, when I'm playing Dice I use a very specific version of the Martingale strategy which basically increases the bet by 1/10th for every loss
For example, I'll set the bet at the minimum bet amount, and then set the bet multiplier to 90% and then run it to increment the bet by 10% if it loses.

After that, I'll set the autobet to stop playing once it reaches 200% of the win amount. The next day I'll start at 2x the minimum bet and repeat the system.

I think i have simulated similar variation somewhere. It has horrible output. I'll find it in free time.

Todo list:
Haunebu Martingale variation

Lucasgabd

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Quote from: Tytanowy Janusz on February 07, 2020, 03:50:45 AM

Quote from: Lucasgabd on February 06, 2020, 08:23:02 AM

would be lovely to see a spreadsheet comparring win rates between different strategies.

Every single system despite "triple bet after loss instead of double" was worse than regular martingale and literally every system was worse than single bet system (all your wallet in 1 bet. Double or go home broken). So i don't see a reason to use them/rank then in spreadsheet. They are all worthless.

As Haunebu said. Using systems will only boost your fun factor if you like it.

Quote from: Haunebu on February 06, 2020, 01:50:57 PM

Using systems is better than gambling randomly in my opinion primarily for the sake of fun.

makes sense
so is it a consensus that triple bet should be the new martingale?

so interesting how simmilar risk management is in trading and in gambling
even being different and trading having the need of more skill than gamblers, risk management could be applied to both, starting from the basics of never investing more than you're ok with losing to more advanced concepts.

Tytanowy Janusz

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Quote from: Lucasgabd on February 06, 2020, 08:23:02 AM

would be lovely to see a spreadsheet comparring win rates between different strategies.

Every single system despite "triple bet after loss instead of double" was worse than regular martingale and literally every system was worse than single bet system (all your wallet in 1 bet. Double or go home broken). So i don't see a reason to use them/rank then in spreadsheet. They are all worthless.

As Haunebu said. Using systems will only boost your fun factor if you like it.

Quote from: Haunebu on February 06, 2020, 01:50:57 PM

Using systems is better than gambling randomly in my opinion primarily for the sake of fun.

BALIK

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Personally, when I'm playing Dice I use a very specific version of the Martingale strategy which basically increases the bet by 1/10th for every loss
For example, I'll set the bet at the minimum bet amount, and then set the bet multiplier to 90% and then run it to increment the bet by 10% if it loses.

After that, I'll set the autobet to stop playing once it reaches 200% of the win amount. The next day I'll start at 2x the minimum bet and repeat the system.

Haunebu

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Quote from: Tytanowy Janusz on February 06, 2020, 07:38:55 AM

Ok I get it. Very interesting martingale variation but from potability point of view its the same as regular one but i'm not 100% sure. It will be my pleasure to test it. I'll do it in free time.

Will be waiting to see the results of your simulation. I have personally tested this method and I have been successful for sometime now though I never played too long since winning 1 unit at a time tests your patience.

Quote from: Lucasgabd on February 06, 2020, 08:23:02 AM

but trust me:
if you find a way that the casino don't have an edge they'll figure it out at some point and change the system.

even if you win, the true winner is always the house.

This is obvious, but we are simply testing systems to profit and have fun in the short term since the house always wins in the long term. Using systems is better than gambling randomly in my opinion primarily for the sake of fun.

Topic: What's your gambling system? (Read 1596 times)