Bitcoin Forum

Just lost 0.55 btc. I divided my whole amount to 2 milion parts that is only 27 sathoshis per roll and i put it on autobeting whole night but i had 21 consecutive loses on "double your bet on lose" thing.  I thought that there is no chance to lose 21 consecutive time but i guess there is.fuck me,fuck freebit.co.in fuck everything. Are they really "provably fair" or thats a crap?

well if you do the maths the chances of it rolling a lose is 50%, so if you time sit to the power of 22 you get your chances of it happening... i think that's how it works.
so the chnaces are : 0.0000002384185791015625 percent :o
still a possibility

Why you played there in such silly way, just why?
It's been proven and more proven that martinfail doesn't work at all... stop using it.

ohh I'm really sorry for that , so it's another story about losing big in order to win small using martinagle
but I'm just curious why did you use freebitcoin , you can simply use a dice site
honestly guys I don't trust gambling there , I don't know know why but I really hate it and there are many better sites
just bring refs to their faucet and then withdraw and play somewhere else

haha i thought that it is not a silly way but i was wrong. 21 consecutive loss still cant believe it,im so angry at myself.

Just think about it, if its impossible to lose 21 streaks then all gamblers should've been rich by now and all gambling sites are juiced out

well, you were gambling, you should always be prepared to lose everything. although unlikely, 21 consecutive losses is possible, and thats what matters.

As most people said, Martingale (double bet on lose) doesn't work, it's not related to provably fair.
Gambling means that if you have infinite money, you have almost 50% chance to not lose them  :)

Whoa 0.55 btc? I couldn't afford to loose such amount. Btw I'm sorry for your loss. I once tried playing that way in freebit.co.in and I believe there isn't a chance to profit from it. Either way you'll just loose all the profit you have if you don't stop betting once you already earn.

You are probably better going to a dice site rather than freebitco, they are good or their faucet but I would not be playing their dice, tried a few times and just didn't like the feel of it, sorry about your loss but you live and learn.

don't play in this way,
you can just win a little in this method,
and 1 consecutive will make you to hell.

although the chance is low,
it is still 50% (or less)on each game,
you won't gain any advantage after you lost.

You can see yourself if they are provably fair by reading their scheme and verifying it yourself.. The more rolls you make the greater the chance become to see streaks like that (either good or bad). 

How many "levels deep" did you go? More than 20? I"ve tried 21 and i failed. I"ll try 25..... Maybe.

There is always a chance to win on any gambling-type site but the chances for you to win is lower than the chances for you to lost because of the house edge. Winning in a gambling sites seems to be just a fairytale around here but I can assure you that it is not because some people actually get a good profit though. I assumed that there are some people who have actually won from there but question would be why play there when you have alot more better site to bet on


The highest recorded so far was 23x ( I did read this before on Dooglus' post but I could be wrong on this ). It is "rare" to happen but it could happen and the chances is 0.00001499% to happen

References : http://dicesites.com/tools

The chances are much higher than that, it tends to 1 the more rolls you make, if you make like 5 million rolls the are something like 80% of hitting a 22 losing streak.

If you wanna loose with elegance at least do 6x for 30% on loss, if you risk that you have higher chances to hit something nice.

You can use this streak calculator. I believe the math is accurate. (not that I can do it well, but it matches what I have been reading around, that seems legit)
http://www.sportsbookreview.com/betting-tools/streak-calculator/
So in this case, 22 streaks in like 1M rolls is about 11%. No idea how many rolls you did on auto-bet.

Anyway, martingale is very risky, for me all gambling is very risky when you have a house edge. I believe in poker and sports betting, but for me dices etc is only for "fun" or very short term profit if you are lucky, so you should only risk what you are comfortable in losing.
And yes it will suck, but if you accept that you will probably lose what you are risking it does not upset you so much.

House always wins.
If you have profit,the casino will do so to lose.
if you win 10 consecutive rolls,in the next rolls you  lose more than you win.
If you have profit and play long time,you can lose 100 consecutive rolls,because house need to make profit not you.

This is a good example why martingale method will make you lose a lot eventually.
When a horrible losing streak comes, you will lose everything.

Tons of examples . People just don't think it through . Wasn't freebitco.in not provably fair in the past ? Did they become provably fair now ?

It is a silly way and you are silly for thinking that it would work.

If there was a simple way to set up a bot to guarantee a win on these dice sites they would have ran out of coins a long time ago. You have no idea what happened since you set up a bot to do it, but on the last roll if you lost you would be down .55 btc and if you were up you would be up 0.00000027 BTC, that is an insanely stupid situation to put yourself in.

LOL for this. Freebitco.in was not known for their fair system in dice. There are many much popular dice site here to play dice.Freebitco is one of the best faucets out there but it is on faucet category only.Im using their faucet and I have some referrals too. Their dice game isn't really fair.

Well sorry for your lose , it's gambling you know.

100 000.  Thats like 1 percent chance for 22 consecutive losses.

im impressed how you tried to gamble you bitcoins with such a poor gambling strategy on not even a dice website, when you are a full member

its still possible :-\
you can calculate your lose here http://dicesites.com/tools
with 21 loss and 0.5 btc
you lose all if 21streak

IT'S GAMBLING

in fact the chance is really high to loose if you do a lot of bets, even if you would get 50 losses in a row the chance to loose 51st will still be 50 per cent

This is the first time I heard that someone played so much in a dice game in freebitco and damn so big amount. You will never see any such post or thread about the dice game in freebitco but still OP played there. He has a bitcointalk account with a rank of full member but still he choose to play in freebitco than any other popular dice site game which has a own thread here. Freebitco is the best in terms of faucet only.

Well that's gambling life.

Firstly, you bet with martingale system? So you had 21 losses streak? Wow, sorry for your losses, 0.55btc is not a little money, sorry...

how about house edge there? I remember the house edge there is higher than 1%, and it is a faucet site, not a dice site, so you can play dice in a provably fair dice site, but not this faucet site. Besides, there are many dice sites have faucet, you may love it.  ;D

well that's the weird point , I can understand that martinagle may surprise people and everyone won't believe that it's not safe unless he tried it first
but I can't understand why to play in it , you have to roll over 52.50 in order to get X2
their house edge is really terrible and you can at least reduce the chance of busting by playing in a good dice site
people here calculated his streak using a normal dice calculator , but the odds are actually way bigger due to their house edge

But if martingale work, you understand all casino to world is closed? For every bet you have the same % of the previous bet, lose or win

Yep, i was so fuckin stupid. I was so naive that I even fantasized what will I buy when I get to 1 or 2 bitcoins and cashout...good old marty gale not so good,haha me so stupid. Their house edge is I think 2.5 percent.

Oh boy boy...you could convert them to nxt, and then play on to the moon, you had the same chance to crush or win them and win like a lot of money :)

i think the best site for gambling is bustabit, because if you lose thereare people get lose too,

wait what? do you want to say that other people loosing will impact others loosing too? :D thats totally nonsense, also im impressed how op managed to loose that much on a faucet

0,5 bitcoin is really more, why you have play dice and not buy a lottery ticket of the site? have more chance to win

I can't believe it, you risked and lost your 0.55btc in a high-low/dice game which has no provably fair system and ridiculous House Edge (the highest House Edge among other high-low/dice games). And you did it with martingale strategy...LOL
Sorry for your lost, but its better not to play in this site again. Just use the site for faucet only and if you want to play dice, its better to play on other sites which has provably fair system and low house edge.

P.S :
Two typos on your tittle :
1. Freebit.co.in should be freebitco.in
2. Multiplay should be multiply

That is not correct. One event does not depend on the other of course, but if you are talking about "in a row" then it depends.
I your example, after the 50 (and if you consider that as a "mark"), yes the % of losing the next one is of course 50%. But the chance of losing 50 in a row in 1M rolls is really close to 0% lol (you can't even get a result in the site http://www.sportsbookreview.com/betting-tools/streak-calculator/)

He lost after 100K rolls meaning that the chance should be 1% (22 rolls in 100K, not the 50 in your example lol, that is almost 0), wich makes it a "rare" event, and he was quite unlucky. I won't say the site is rigged or anything like that, 1% is rare, but it happens. Of course that if that is happening to to many users then something is not correct.

But people should really pay attention to that, and not just say that is normal or wtv, and that martingale sucks (whitch is true, it sucks). That will just let the casinos do wtv they want because we accept everything.

The point is why you so brave acting like lucky luke to play and betting on faucet site with big amount of btc?? Because i think it more more and more risk than playing on new gambling site..
Why you not deposit and play on pure gambling site that well know provably fair??
Even if you rich of btc ,why mot just share to me or others else with free or with some funny jobs to do..

No offense, just my oppinion bro..

freebitco faucet is good but I would not be playing their dice. This is worst game on their site no way any one can win

I haven't used the faucet site for ages, but if I recall correctly, the house edge of its dice game is 5%. Why do you gamble your bitcoin there instead of some 1% dice sites?

Sorry to hear OP lose on Freebitco.in,
it is a good faucet site,
but their is house egde is 2.5%, whihc is way too high.

And better to keep away from those x 2 betting,
go find some with x 1.X

Yes the site is provably fair, but it wouldn't make any sense unless you go verify your bets.


The house edge is indeed 5%, as you have only 47.5% chance to win a x2 bet and hence the EV is 95%.

i would assume that the larger portion of people who use/play at freebitco.in are rather new to bitcoin, and as their site is usually the first one on google searches on "free bitcoin," i would also assume that the majority of these people have no idea of house edge, provably fair, etc. which allows for the site to get away with something ridiculous as a 5% house edge on their dice game.

freebitco.in have huge house edge thats why i would never deposit to play dice there.. :D
but well still you gambled you lost.. when you dep there you was ready to lose your btc.
regards.
-Katerniko1

 Yep,all true. I think i"ll try one more time martingale system with 0.5 btc. My bet amount will be 13 sathosi so I can be ready for 22 "level deep scenario". I"ll use a dice site with 1% house edge and ofcourse pravably fair system. Wich one should I choose? Sathosi dice maybe?

Thats risky but If you are going for such martingale, it will takes a lot of time. What you need is a site with a very fast roll. Betterbets will be the answer for that.  :) (link on my sig ). Provably fair in betterbets because it uses Moneypot API

SatoshiDice has a 1.9% house edge instead of 1%.
I would recommend you to play on Primedice (most trusted, 1% house edge) or Safedice (not as trusted as PD but has a 0.5% house edge).

No martingale, If you really wanna lose them in a really fashion way:
20 satoshi, 5x 30% with 0.5 it would be impossible to lose, if you still lose this way, it's better if you find another sport to bet on :3

I would hint you to play over betterbets, which if you find yourself in happy hour, there is even a 0.25% less of house edge.

True, betterbets gives happy hour on each Friday , lowering the house edge to 0.25 % for 2-3 hours . Also there is a luck forging to lower the house edge to 0.1 % . If you are looking for a house where you can get the low house edge and a fast roll for your martingale, betterbets is the answer :)

what you are describing is the classic martingale method which will always lead to losing a large amount of money at the end.
while 21 loses in a row is rare but it happens, and in fact everybody who has ever tried martingale method has had the experience of these big losing streaks.
i heard that 31 loses is the max record that has  happened so far in doubling bet on lose method so far.

not always; not to say that betting on martingale will ever go on indefinitely, but cashing out before going bust can five a bit of profit in the end. its just that people usually dont cash out out of greed.

5% house edge :O its huge. In btc games heard first time of such high house edge. Bat maybe coz i m new.

in that case you will need an extremely deep pocket to do that and always win.
the thing is, if you start betting from 1 satoshi your winnings would be extremely small and if you get on a losing streak of like 30 times in a row (so unlucky) you should have around 5BTC in your banckroll at least to win on the 31st bet.

So guys how do you know or how sure you are that those popular dice site "really" have provably fair and "sure" house edge given? Is there a way?

If a site is really provably fair, it should clearly documented how the bet result is generated and how the gamblers can check if the site has modified the result.
For example, on many sites, the rolled number is generated using a documented algorithm with server seed (set by the house), client seed (set by you) and nonce (a number to be increased by 1 after each bet). Furthermore, the server seed hash has to be revealed to the gambler before the bet is made, and the server hash has to be revealed afterwards.
With these, the gambler can verify if 1) server seed has changed and 2) the rolled number is really generated correctly.

House edge (%) = 1 - expected value (%) of the bet
So if the bet multiplier is 2 and the win chance is 49.5%, you will know the expected value is 2*49.5%=99% and the house edge is 1-99%=1%.

You already hit the "impossible" 21 loss streak and now you're going to go back at it to try and hit 22? Why, to win 13 satoshi at a time?

Don't come crying when you hit your 22 game losing streak, because we all told you it was going to happen.

sorry to hear that you  lose on Freebitco.in,
This site is good for faucet users
Always Bet for 1.5x if you want to win But IF you bet 10 times continuous NExt 11 BTc will loss These sites make profit From gambelers
Gambling means High Profit at high Risk
0.55 Btc is big amount

In case you don't know it yet, the dice game always has a negative EV no matter what multiplier you choose. You are almost guaranteed to lose in the long run in any luck-only game.

Yeah, more and more I think you are right.
So, Mr Marty sucks. period.  What other strategies do you people suggests?

Probably fair means - either you win or loose. 21 red streaks is nothing, I heard about 50 red streaks  ;) Regarding martingale method - it is very hard to say - it is good or not. If people win,they say martingale is best, if they loose, they say martingale always loose.  ;D

Wow, the house edge is very high, to roll over 52.5 to get 2X means the house edge is 2.5%*2 = 5%, OP is not clever actually, at least he doesn't know math,  ;D  playing a 5% house edge dice game is not a good choice, there are general 1% dice sites which he can spend. And if I have to play a 5% house edge games, I may choose slots cos some slots can give your bonus round and get over 10X of the bet, much better than this ridiculous high dice game.

Oh sh*t what a math lol. So confusing haha. I will read this many times lol.

So guys, what's OP result at the end? did he tried a method of something or not?

He lost as stated in his first post :


First of all he tried it in freebitco which known for one of the best bitcoin faucets but not as a dice site.

He said he was gonna try another time martingale with another 0.5 later on so that's why I asked.

50 red streaks? Are you sure? Man the odd of that should be like winning the lottery (but in this case it would be bad xD)

What strategy do i suggest?

I suggest playing a game where your strategy can make a difference. Dice games are luck, the only way to beat them is to be lucky, and that will be very hard to do because the math makes it so that it's a LOT easier for the casino to be lucky.

The only strategy to win at dice is to not play. Play poker, blackjack, or sportsbetting where you can make a +ev bet/decision every once in a while. If there was a strategy to beat the dice sites they would be broke already.

Mathematically you can will lose 21 times in a row once every 4194304 rolls, and 4mil aren't that much if you've been leaving it open all night.

Also why play on a site with such a huge house edge?

So everybody still call dice game is fair game i think 50 red streak is answer provably fair or not dice game and for me 50 red streak of course not

Seems like your 4 mil number is wrong.
In a 0% HE situation, you will lose 21 times in a row with a chance of 0.5²¹ or 1 in 2,097,152.
In a 5% HE situation, you will lose 21 times in a row with a chance of 0.525²¹ or 1 in 752,757.

  No more freebitco.in for me, they are only good for faucet. I"ll use primedice and betterbet but only with milion or two satoshis. Like someone said few posts earlier, there is no strategies in gambling,its jut about luck. For you or more often for casino. Lol.

it depends on the odds of winning on a ~50% chance win the maximum losing streak is around 31. i doubt that 50 loss is even possible with those odds on a "fair game"

the rule is not about the red streak any betting site have one rule which you must follow which is only invest/bet that amount which you can loss without killing yourself or crying so always play safe and only invest that amount you are confortable with and ofcource with big bets you can loss big or also big win

seconded :D also withdrawing once you hit a set target is also a good idea as otherwise youll keep going thinking ur luck will never run out and when it does youll have lost much more than you bargained to :( talking from experience lol :O

Well, I am done with that site!!!

I have tried all possible ways and strategies and always lose. The last attempt I have done I have put on my balance 1.6 btc. I have bet 1 satoshi with a multiplier of 3 and raisding my bets 2x on each loss on autobet for 20000 games and it busted after 24 streaks.

No matter what game style I use in this site in the long run I always lose so in the end I just gave them 3 btc.

In the end these sites are made to win and not let you win! In other words... Scams!

first of all who would put 1.6 bitcoin on a faucet just to gamble it? secondly its pretty easy to get 24 looses in a row toss a coin a few thousand times and you will see it if you cant believe it

why so much people are still using martingale betting system when its much more profitable to do bets on your own and monitor your looses and dont loose too much?

If you want to gamble your bitcoin, you should play on a dice site with 1% or lower house edge rather than freebitco.in with 5% house edge.
Also, dice is just about luck. There is no point in using strategy or game style.

good point about the house edge, as its ridiculously big, even some slots have lower edge, also using martingale is a bad idea as people get like 40 looses in a row on 50 per cent win chance

There is no strategy to beat a 100% luck based game. You found a strategy that will make you lose, and you would have known that with a little bit of reasearch

Martingale is a classic rookie mistake.

If one "strategy" really work, all casino (online and real) closed for bankrupt.
Martingake "can" work only with infinity funds

As already discussed in other thread, infinite bankroll will only work when you play in a site that has no max win in a single bet. But as we all know, all sites have their maximum win amount. So when you keep on losing and hit the max win amount, you will not able to continue your martingale.

well, someone said before that freebitco using 5% house of edge right?

i had bad experiences with betting at freebitco...its only good for faucet and sometimes for lottery

i guess it has 5% edge what means that its really huge compared with other websites, i also did some betting there from the faucet money i earned and of course lost everything

even with infinite funds the martingale betting system would not actually work as casinos or dice websites usually have maximum bet ceiling what means that people are not allowed to bet whatever they want