[im g]https://i.imgur.com/u21f4bQ.png[/img]
Look, I wagered 914 DOGE with 10 bets, while losing nothing, which was pretty much expected for playing with 98% win chance.
I think, you'll agree that if I were betting with 49.5% win chance, I would, most likely, lose at least 2 bets within 10. So my balance would decrease by 183 DOGE, (most likely), instead of being increased by 9 DOGE.
If you play with a very big balance, and make tens of thousands bets, it almost doesn't matter what strategy you are using. But for a balance that is just 10-20 times higher of your bet amount, betting with the highest win chance possible is definitely better than anything else, if your aim is to win a wagering contest.
The problem with that type of 98% win chance is that you need to win 100 times before you can lose, not 10. You can play 10 times in a row and not lose, that is a possibility but what if you gamble 200 times and lose 3 times? That would mean you lost money as much as a guy who played with 2x or even maybe more. That is why people are saying it doesn't matter what your strategy is, it all depends on your luck.
It wasn't about winning constantly with a strategy. We were talking about winning
in a wagering contest. In other words, we were talking about how to lose as little as possible while wagering as much as possible. It depends on the prize pool, but it's not that unusual to see a contest where you will most likely be in profit in the end even if you lose hundreds of thousands sats in the process.
~ If you want to just gamble as much as possible my suggestion is to have enough funds and gamble with minimum allowed bet with 98%, you can still lose with that but at least you won't lose much.
You've just described the most boring way of gambling ever. I'm sure you'll agree with me after rereading what you were suggesting. )