Topic: Will i fail the bet? (Read 1421 times)
likely you will fail and it was quite a waste of your time if the wager 0.00001mB every round, not a lot of people who earn profits with your way (martingale strategy) and the strategy was not for a long time because of the possibility of unfair
That's called a Martingale Strategy. Martingale strategy isn't a bad idea to do because few of gamblers can win the jackpot from this strategy, because they can manage their gameplay or their luck is good on that day. Martingale strategy works for short game but not for a long one so keep your eyes open.
Yes you will fail, a lot of gambler already suffered big lost from martingale technique, you still need to consider the house edge before using martingale technique, to win using martingale is to know when to stop, so if you want to earn profit with martingale you need to used it for short term, in long term you will be busted, but the chance for winning in gambling is really small, so if you are ready to lose your money then go gambling, if not then you better keep your money
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
if you want martiangle use 100% every lost
youre must calculation about odds, without calculation only incraese 100% every lost you can very fast lost all money
minimum if you martiangle use 100%, you must use odds 2x and above
but if not recomended if martiangle use 100%, because is vey fast lost,
The way gambling works is that those offering the games don't pay out fair odds when you win. This is called a house edge and no betting strategies can beat it. So yes, you will fail.
Not true, martingale can work very well in theory, if you have almost unlimited amounts of money, this way the changes of losing are ludicrously low.
"Almost unlimited amounts of money" will still prove it to be a fail. The premise of "not getting fair odds" has not changed. The risk of finding a busting sequence will always be greater than the reward you are targeting in a -EV game.
True, you need "unlimited amount of money" to get a martingale system to work and that is practically impossible for anyone too. Another issue will always be the maximum bet. Regardless if you have unlimited money, you still cannot go over the maximum bet amount. Which means if you have the longest losing streak in history and you have unlimited money, you cannot bet beyond the maximum hence destroying your system.
If you bet 0.001 only 10 losses in a row will force you to bet over 1BTC and this is stepping into some serious gambling. To be safe you'd need to start much lower, like 0.00001, which after 10 losses in a row would lead to betting 0.01 and another 7 losses to pass 1BTC.
This still doesn't make the method safe! Most people will run out of money after 17 -18 losses in a row.
You can fail more than 20 times and it's happened before!! It's called martingale and many people use it but unfortunately it's not the best way of making money
provably fairy ok
house edge 1% ? do you believe ? yes but, how does it work?
X roll
100mbtc x 1 roll= 1%
100 mbtc x 100 roll = 100%
the house edge = 1% x X = X%
enjoy you gambling and do not forget to - Never gamble,what you can't afford to lose - .
house edge 1% ? do you believe ? yes but, how does it work?
X roll
100mbtc x 1 roll= 1%
100 mbtc x 100 roll = 100%
the house edge = 1% x X = X%
enjoy you gambling and do not forget to - Never gamble,what you can't afford to lose - .
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
More than 20 times losing is possible for any gambling dice site even how fair it is. It's just a few numbers compare to the whole. Of course that is not consecutive losses but it will be majority of your bet result is loss. That's why you can see some winning percentage there (if applicable). If you see some 100% winning rate then that is the sure one but it's out of the context.
And besides, in some dice sites, you can verify the bet of yours to see if that is fair or not. You might want to try it.
If you bet such a small amount you will only make that small amount each time and will be rolling thousands of times so gettinbv 20x dice rolls wrong in a row becomes more and more likely as you play. With that many rolls 20x fails will come its only a matter of time. The highest you can get is what 50% - the house edge is. No matter how tou devide a piece of pie you still only have one pie.
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
Yes failing 20 times is possible. And if you put in on auto-bet, you will not notice it that you on the losing streak. I think I know what your strategy here, I'm been there and initially I have success but then I didn't notice that I'm in the losing streak, then eventually lose it all. I suggest it you are doing this, you have to manually bet so you can control how much you are betting and not lose it.
Yes still you can loose your bits if you play continuesly gambling is all about when to play and when to stop.
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
Math and statistics are always against you in the world of casinos and gambling in general, unless you know for a fact that odds are in your side, but casinos usually make profit by always having an edge.
What I mean is, you always need luck to break even, luck is the x factor.
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
You would have to lose more than 20 times yes.
But you will. Eventually you will.
Don't think that it is "impossible" to lose 30 times in a row, it is PERFECTLY possible, it happenned and it will happen.
Problem is that even if the odds are very small, what you win after each bet is also very small
Eventually it will caught you in the end and you will lose. However, I don't know what you percentage you put, 50-80% chances for winning? I think its a safe bet but we all know that its base on luck so I'm saying YES, you will lose in the end.
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
You would have to lose more than 20 times yes.
But you will. Eventually you will.
Don't think that it is "impossible" to lose 30 times in a row, it is PERFECTLY possible, it happenned and it will happen.
Problem is that even if the odds are very small, what you win after each bet is also very small
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
You would have to lose more than 20 times yes.
But you will. Eventually you will.
Don't think that it is "impossible" to lose 30 times in a row, it is PERFECTLY possible, it happenned and it will happen.
Problem is that even if the odds are very small, what you win after each bet is also very small
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
You'll need a good research and analysis of the game in order to stand a chance against the house edge because a any odd offering a 100% return (2.0odd) is difficult to beat and so the house might end up winning so chances can't be calculated by just a mere eye observation but an understanding of the game.
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
Don't do that, you will lose your money. it work that unless they have 0 edge in percentage, the odds are aginst you, basically instead of being 50%/50% it's 49%/51% for them, therefore if you do 100 bet, they win 51 of them and you win only 49, every 100 bet you lose 1, in the end you are losing, but you can be lucky of course
0% house edge doesn't mean you will not face 25 or higher loss streak. Toss coin for free 100000 times and you will see house edge doesn't have anything to do with it. i know, i'm not saying that, i'm saying that without house edge, you would eventually even out the bet because ratio between loss and win are fair, but with house edge, you will lose in the long run this is guaranteed
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
Hmm seeing you are planning to play on dice since you are doing martingale method and seeing on the bankroll you have and basing on the basebet you will surely bust up or burn all your bankroll when losing streak would hit you 20+ would do or even 15x straight lose.Martingle weakness is using low base bet and using it for long period of time. He will obviously loss at the end of the long run because he was trying to gamble for long period of time just by seeing his base bet set up and bank roll. If i were him. I will just buy that 50mbtc a slice of pizza. Hahaha
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
The amount of your bet is not connected at your winnings, or betting big amount can not assure you that you are going to win. The percentage of your winning depends on the House Edge of the gambling site that where you are playing, of course the higher House Edge, the low chance of winning, and the lower House Edge, the higher chance of winning. So, if you lose on a gambling site most of the time, then don't complain because it is Gambling, which losing most of the time is just normal.
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
Martingale system does not guarantee a win, think of this, if that is very effective then we are all exploiting casinos for profit. Your luck will only determine if you can win or not, and having a cold losing streak of 20 times in a row is very unlucky but it's possible to happen. Good thing you ask our opinion here and I hope you understand all possibilities, and lastly, if you can afford your bet then go.
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