Bitcoin Forum

Lets say you are a skilled Sports-book player and you have the ability to find safe games ( low odds ) around 1,5 in odds.

Instead of bet on Bet365, you take your money and exchange it into Bitcoins and plays your bet on a crypto casino. ( Nitrogen, Everbet, Sportsbet etc )

Ex, You exchange 1000 USD into 0.29 BTC
You play your safe bets with the goal to double or triple up your Bitcoins to 0,60-1 BTC, I have seen many players do this with fiat money, but here is the thing, When or IF you actually manage to double or triple up ( Hit n Run ) , you cash out directly and then you sit tight and just wait for the next Bull Run ( at least many of us believe and hope it will come one )

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Lets simplify your strategy below,

1. Exchange your cash to bitcoin
2. Find low odds in crypto sports book
3. Double and triple your bitcoins (I don't know how you are sure about it)
4. HODL for price increase!

How do you think it is a gambling strategy? How you are sure to double or even triple your bitcoins? If you can lay down a strategy for this, it would be beneficial and will start making sense!

As of now I don't see any strategy in your entire proposal. It's a generic statement of hope!

Also HODL is not healthy for the bitcoin ecosystem, at least as per the current situation. Now we need to start spending it whenever possible! Instead of holding, we need circulation to grow and match up with your hope!

After reading the entire post this is actually the overall summation on whats he's trying to say.  :D

Double or Tripling your Bitcoin thru sportsbetting sounds really very easy but it isnt specially you are sticking with low odds games.
For mentioning bull run there is indeed a price reversal and we do know that accumulating btc will really give you out some advantage on making
profits by just simply holding it.

This isnt a strategy after all.

I dont get this strategy?How if you loose in bet gambling?

That's sort of a trading strategy if you think about it. Selling fiat for Bitcoin and then selling Bitcoin back to fiat when it's high.

Look, if you're really into gambling, why not just double or triple the fiat at a casino, and then double or triple it again. Same end result, much quicker time frame. But yes if you are willing to wait for 5 years, just buy the Bitcoin and sleep on it.

Of course, I would still change out my fiat to Bitcoin first, because I don't want to x5 my bankroll and then get told by support that hey I need to verify my identity first before they can process my withdrawal. Because, it happens every day here!

1:5 odds would be ok until you lose that one time and it ruins everything.

Happens a lot to these strategies that I see for dice or other games where you can make the odds "safe"

Better to put that .29 BTC on an exchange and go LONG if you think the bear market coming imo

I agree with you. But before you loose, you would have made some good profits which would cover up for the loss with still something left.

 Let me use football as an example. I like to choose two games. Just go to division 1 or championship in England and choose two sure games or one from there and then man city to win a small club, Barcelona to win , or Bayern . just choose two. And do your analysis very well. 1.8 or 1.9 is a good odd for me. Two games accumulates to give that.

Once I divide my crypto into 3 parts. For example,  I have 1 btc. If I divide it into three parts , it gives me .3,.3,.4 btc. The 1st .4 would be used each day till that week elapses. You have to use .4 constantly till that week runs out. Then .3 in the next week and so on.

Even if you should lose thrice in a week which is not very possible with this strategy, you would still come out with profits. But you have to always be optimistic

it's not that easy to double your money betting , it takes time and it's risky
also you are counting on bitcoin price , the bull run may never start again in theory and we may actually go lower so by doing this you are taking another gamble over the gamble

persoanlly I used to cash out my sportsbetting profit from fiat to bitcoin when it was at 6K thinking that the price wont go lower , and now my bankroll kinda worth half what it used to be so technically I lost all of my profits due to bitcoin price

if you want to build a bankroll stick to the currency you care about so you don't keep worrying about what your bankroll worth
so if you want to use bitcoin sites you should only think about how much btc you have without even thinking about the price ( personally I find this hard so most of my bets are thro fiat sites )

SyGambler's right about thinking in the terms of currency value that you deposit in. And that is why I thought earlier here that this sounded a lot like trading if you're going to always think of bitcoin price.

Gamble in bitcoin and count your profits in bitcoin and that's it. But if you can't stand volatility then keep your gambling in fiat casinos and keep it there. You can't expect to gain from keeping in bitcoin, not in this moment when the bull market is so far away.

I think it is an interesting approach. Definitely makes sense if you are bullish around Crypto, then it is just another form of asset allocation, so you increase your exposure to price rices, but obviously also increase your risk of prices fall.

I think if having extra accounts increases your ability to get a better odds that is far more compelling for me. Providing you are not bearish on the price of your choice of currency, then main concern is to get the best odds, and to that end the more options you have the better.

This strategy is sweet, but it doesn't have much to do with gambling, IMO. The part with gambling is to play at low odds and thus minimize the risks of losing. The rest is basically just a long-term crypto investment. You will not win at that gambling part, you'll keep winning and losing because of the probability. Okay, if you're skilled you might get some profit out of it, but then betting here is just a way of earning some btc and then hoping for it to rise. I guess this strategy is not really about gambling and could be written as follows:
1. Earn money.
2. Buy bitcoin.
3. Hodl.
4. Sell during the ATH.

Bitcoin betting attracts me, for example one of the main reason is what you already said. But that can't be considered as a gambling strategy. I know you mean that way if you win, then you won't gamble and prefer to exchange coins but not a big deal. If price falls, depends on fall, you may gamble just to get your first money back but if you are a person who holds, then won't do. Well if you are gambler, that doesn't matters, really. Even it can be a sad fact when you see you have lost coins which were 100$ but now are 5K worth.

How is this a strategy? I don't actually get it. What would be the difference if you gambled at bet365 and converted your winnings to crypto? This is just a stupid thing to do. You could just go to a crypto casino and bet your coins with a low payout, no sport books hassle.
 If you want to gamble, just gamble. If you want to hold your crypto currencies just hold it.

The only good strategy is to find safe bets and play on multiple websites to get a +EV on the bet, of course, you need to research and avoid scam websites or you will lose.
 
1 x 2

Site a 1,40-6,50-15,00
Site b 1.15-6.75-18.00
Site c 1.4-7-14

Now if you bet
100 on 1c=140
20 on 2c=140
7.8 on n3=140

You will bet 127.8 to get 140.

I'ts really hard to find, but you can find these on web.

What you said is good but the act of hit and run is not that easy in terms of gambling aspect especially when luck on the player side. However, I dont believe much in strategy when it come gambling because luck, instinct and determination are the only thing which could make ones win and apply the hit and run sense.

I do not see this as a strategy.

and I have seen lots of 1.5 odds bets go wrong. so it would also be possible you loose all your money instead of doubling or tripling up your money

And what if Bitcoin falls down below 3000 dollars? Your strategy is wrong on so many levels.
If you want to wait for another bull run why not buy cryptocurrency and sit on it? Why risk betting it if you're so certain that you will make money in the bull market?
And even if you get lucky and win your bet you will also have to get lucky and sell in a bull run. If you're unlucky you will lose the bet and whatever coins you are left with will lose value :P

Im disregarding fiat values once I put bitcoin in crypto gambling sites. Whatever the price is, my goal is to increase my deposit btc's no matter what. Bull run, bear run or whatever trend, Im not really taking big deal on this while doing gambling. The challenge now is, maintain the funds so that no such thing as continous harming our fiat wallet.

With your plan of betting at @1.5 , it will take a long journey before reaching your expected BTC1. No way you will just put a decent amount on every bet just to reached the target. Plus the fact that you will not always win.

Forget bull run when expecting profits from doing gambling. What you must focus is how to maintained a good winning stats while doing gambling.

"Bitcoin will reach 10k" - I'm surprised you've so many positive hopes from bitcoin given its current value. The other way around, bitcoin can reach $1000 leaving all your winnings in an unrecoverable condition. If Bitcoin reaches 10k, then yes you may see the profits but this certainly isn't for short time money makers.

Wow! Fabulous strategy! I love it! But thank God you spoke in terms of probabilities! Things might not play out exactly as you have explained! But thank for sharing! Let me see whether i can experiment with your ideas! Lol....one love!

I honestly think that this is more of a Trading strategy rather than to be a gambling strategy because in gambling there is no specific strategy, its just more of a critical thinking and decision-making, so I don't know why the title says gambling strat when it is supposed to be intended for trading, betting and HODLing.

Sounds good but what if we encounter the next dip and not the next Bull Run

What is the difference between playing on a bitcoin casino and keeping your bitcoin and playing on a regular sportsbook and than keeping your money in bitcoin again? The logic is bitcoin will increase in value, lets assume bitcoin does skyrocket and once again 20 thousand dollars, even 100 thousand dollars, nothing would change.

You either spend a thousand dollars and bet on sportsbook on real life and exchange the winnings to bitcoin and start to wait for bitcoin to increase, or you spend your thousand dollars to get bitcoin and gamble and wait, it will come to the same result, there would be no difference between them at all. Hence it would make no sense for someone to bet on bitcoin over dollars for that reason alone. I would prefer investing on bitcoin directly instead of gambling if I trust bitcoin to go up.

As I can say this is really a good method but also a double-edge sword as well because you can get profit and loss it fast enough if there is no peak on the price market. First this is a gambling so you already have risk on your first step. Second thing after you win some amount you need to put some risk again on the market to make sure it is a profit if not. If you can bare the risk then go for it

Sportbooks in crypto do not have that much better odds compared to many other places, I mean sure they might have better odds than las vegas or many other live betting places because those places have higher costs of running but when you take a look at regular online sportsbooks that you can gamble with dollars or whatever your currency is, odds are not that bad since they are online too, they don't have that much costs of running and they are fine with not being this multi-billion dollar organization and continue operating even if they are making couple hundred thousand dollars in profit each year, as long as its profitable.

Hence, sportsbooks in crypto are not that much advantagous over the sports books online, but definitely a better option than the live betting ones.

Few tips on how to be successful bettor in this article: (blog.vodds.com (http://blog.vodds.com)), Hope it helps!

When you decide to gamble with crypto, you're risking 2 things at same time.

Gambling can make you loss !
When most crypto on downtrending let say like a month ago where btc decrease up to 45%

So you need think twice before try to gamble with crypto !

A gambler will not stop gambling after he tripled his investment. It will take a lot of discipline from a gambler to stop gambling and then to wait for the price to increase, before he or she will be able to take a profit.

You are also bargaining on the safe bet strategy to give you guaranteed results and a good returns and this seldom happens. If you want to waste your money on gambling, then aim for the casino with the lowest house edge.  :P

Like most of the replies in this thread, if you are "absolutely sure" that BTC will go to $10K sometime in the near future then why gamble with sports books.

Just trade it on margin. Put a 5x long on BTC right now and if/when it goes to $10K you will make $30K per BTC that you long on margin.

However you can't predict your sport bets accurately just like you can't predict that BTC will reach $10K anytime soon. Hence its all a gamble and all still very risky and not a good strategy at all.

I try a strategy like this

I believe it's better to start small, with basically dust, until you starting making some profits with your dust.

Certainly every game experience can be improved over time, as you learn the mechanics
Then you start betting higher amounts once you learn the basic and start making profits with your dust.

Statistically the house will mostly win, so it's a risk bet. Only use a small part of your portfolio.

I am agree with OP. Also I believe play game with crypto is better then from fiat. Like bet365 what ever your USD it will remain on same. But if you play with Bitcoin or other crypto then it might be double in fiat anytime. Although there is risk of dump crypto currency that's why you need patience. Otherwise you can play with crypto, because fear of dump. One thing that you need to choose trusted gambling website for play with crypto. Choose best and trusted website and stay safe.

ITs sort of holding not gambling though but yes its a good option to make money but its always the time wasted. You'd rather be trading your BTC on exchanges while you keep holding. Every satoshi you earn form trading counts, its not about the value USD which is why BTC/USD matters.

Honestly this looks like it was just thought about on the spot and written instead of really laid out with details and such.
He was probably just surfing online (do people even say surf online anymore) and just thought about it and wrote it here.

It makes absolutely no sense and it is insanely crazy to even write it here, of course there is no point of putting trading and gambling together, what kind of crazy person would gamble with bitcoin just so they could make more money later on, why not gamble with fiat and than buy crypto with it to begin with!

This is really sounds like a kid and I am sorry but if you bring the anon parts of gambling to this world I am sure there are a lot of kids under age of 18 even 16 who find a way to make crypto by selling some stuff and start gambling at a very early age and that is just bad.

It's not a gambling strategy it's a holder strategy.

From previous experiences, it seems that it works quite well yup!

Double or Tripling your Bitcoin thru sportsbetting sounds really very easy but it isnt specially you are sticking with low odds games.
For mentioning bull run there is indeed a price reversal and we do know that accumulating btc will really give you out some advantage on making
profits by just simply holding it.

This isnt a strategy after all.
[/quote]



That is truly sounds is really very easy to tell but double or triple the bitcoin in low odds
Impossible because in the gambling still have more risk than to holding bitcoin for long term hold to got profits using patience.

Nice plan, but easier said than done.
Regardless of the odds, the chance of winning is still here, that kind of mentality is for greedy people who think winning in sports is easy.
1.50 is good odds which could give you a better chance of winning, but if odds like 1.10 can loss, how about that odds.

That’s the most valuable strategy in gambling,the ability to wait and control your self,because if not then for sure nothing positive will happen to you
Waiting for bitcoin to grow again while in gambling is a hard task to fulfill so if you can manage this situation then for sure success will be on your way and not just a luck in gambling

Most people are into betting sites depending on their comfort. I believe most people don't think if it is crypto or fiat but reliability, better odds and accessibility. I don't mind using fiats too but it just that I find it more comfortable using a crypto site for my bets.

Following some ways to get winning is not working at all time because gambling is not about strategy or some technical think it will depends upon only luck and time so following summer strategy will not work at most of the time this is my opinion.

Good question. Let's imagine that we have won doubled or tripled to be positive. I'll decide to stop and save those profits, the capital would be returned to fiat and the profit would stay to bitcoin.

But if you are decided and you think that bulls about to come, then keep your capital as bitcoin together with your profit and just HODL until the price goes up. This has been effective for most so no need to doubt this strategy.

I don't think it is a gambling strategy,the bull run is nit associated with our winnings so if we win means cashout directly, expecting too mich will hurts if you meant to win more moeny means you will win more bets.

Everyone will be preferring having their own plan and strategy for their gambling but unfortunately the gambling environment will not support you to execute your plans and strategies. Moreover, it will collapse all your plans and will lead you to take instant decisions which eventually will lead to big losses at some point of time. This is a typical gambling experience everyone will go experiencing regardless of whatever plan they have planned before getting into gambling. Yes, gambling is as dangerous as you could imagine.

OP is planning to double or triple his bankroll through sports betting. But I'm not thinking it will not be a big task but at the same time it is too hard to achieve. We need to consider how sports results are swinging due to various reasons like fixing and injuries to players.

With gambling, however strategies were developed the house wins will be higher than that of the gamblers. Initially each and every user wins which is of luck or might be through some strategies. This won't sustain long, upon which it is good to make strategies according to the game.

This is a must and we should not make decisions that is not supported by any research or studies because its too risky to depend on luck. Gambling strategies can help you make profit but don’t expect that it will work in long term basis because in gambling, the longer you play the more money you are losing. Just make a strategies for short term profit, don’t be greedy and enjoy gambling.

Compared to any other gambling, sports betting must be an easier one way of gambling to have your plans and strategies. But like you have mentioned, we need to take consideration of match fixing and injuries to players because they are the major factor which will be deviating our predictions. I am also hoping that OP may find his success as he is stating he will try only with the sports betting but not with any other gambling.

When a gambler is sticking only with sports betting and making predictions based on his knowledge and experience then there will be plenty of chances to be successful to multiply their bankroll.

This can happen only in theory and some very few times in reality. Someone may hit the right 1.5 odd 2 times but can hit the wrong one 5 times so when doing the calculation in the end they have lost more than they have win. I have seen tipsters threads here and they most of the time give good predictions but I don't believe them that much.

if some requirement is bitcoin still needed it to price its not really good strategy as we know. bitcoin now its more fall now. so what must be done is how to make the profit stable with the sportbook, you have to understand the type of sport and the team you choose. because the chance itself is in the choices you know. for some people who love soccer so much for sure really know chance of team it self .

The only reasonable way to gamble is to invest 5% of your profit (money you earned through the bet). Those investing their regular money should stop gambling immediately. That info of 5% of profit is not my imagination but something I read years ago in book which provides clean steps in betting procedure.

That's the right mentality, when we deposit in gambling sites, our main purpose is to gamble.
Don't make things complicated, these two should not be mixed, otherwise it will not result based on your expectation.

When you do plan to gamble then in the first place I don't think that most people do think about investment but rather on making fast money and that's the difference.
If you do think that you do regret because bitcoin might increase its price tomorrow then better not to gamble because you would just destruct yourself on playing which it ends
that you wont able to enjoy on playing because you are stressed out about that matter.

I'm not having any dilemma like this because I am always going for gambling only with cryptos. There will be no second thought about gambling with fiats as I am not familiar with the any fiat payment processors. If cryptos gambling options are not available then I will not touch that site.

I'm not seeing this is a big strategy but some people are still confusing themselves on choosing fiat or crypto based gambling. They must choose based on easy availability of either one. Because both are money.

I see your point when you say about profits that will come from a bull run. However, I don't agree with your "gambling strategy". How can you be sure that you will win the 1.5 bet?
I was playing too much with these odds and always there was a match that was coming against the odds even with so low-profit margin. Betting with odds over 2 can make you some profit. Bets below 2 are too risky and not profitable.

Also, your "strategy" depends on what price you buy your bitcoins. If you expect a 10k high and you buy at 9k that will not give you so much in the end.

gambling strategy will not help people to stay alive for long time why I am saying this gambling will not controlled by as it is not in our hands so gambling is one of the entertainment purpose and we cannot control it so strategies are not helpful in all time.

Exactly, just go where you are comfortable with, but most of us prefer crypto's. I just once played with fiat, but I was disappointed when I try to withdraw because they are asking me to fill up some personal information. It's not a big amount to withdraw though, less than $100. So what I did is just play with my money and once I lost everything I quit and never come back to that online gaming website again.

Mainly the reason why we gamble online is to have conveniency and to save time instead of travelling to any casinos but if you are having a hard time on what currency to be use I think you don’t save time to it. We can gamble in any currency on some gambling sites but it is still your choice on what to pick. Cryptocurrency is the main option in online gambling, so if you don’t have it you’d better to buy some coins now and do whatever you want.

That's not bad advice. However, to cash out successfully he needs to win. If he doesn't win the 0.01 is gone within a minute. Trading actually is a far better option if one is playing that low. You'll get a chance to watch your money go from 0.01 to 0.001 and maybe withdraw in between.

Bitcoin is at a bad state now doesn't mean it's gonna be there forever. If a guy is already winning the bets, he's in a profit for the long-term anyway.

Its hard to make strategies actually because it will not work even if you planned for it since gambling is just a game of luck, and yeah the house will stay forever and wins a lot of money. In terms for currency to be use, you will be the one to decide whether its cryptos or not. Don’t just think about the future price of cryptos just focus on the present and make a decision on what currency to be use.

Not only for luck, because there are games which you can used your skills to be a successful gambler.
People can make money in Poker and sports betting, I think it's a game where skills is needed because they make it possible for them.
The secret there is don't play too much in games that has a house edge, it will not help you in your aim to make money because this is only for entertainment purposes, as you need to spend but with limitation.

Sometimes it will not work since there are times that you will be pulled by your own greed and bad timings upon betting, but if you really unto skill based games then a chances for you to win on some matters especially if luck came unto you. And it's a must in gambling to remain your focus and don't let your emotion ruin your game, let the game flow and don't chase those high wins since sometimes low percentages of winnings is better than losing.

Making strategies is not hard but executing them and finding expected results are really hard with respect to gambling. Most of the time when I am into gambling, I'm always deviating from my strategies as I will be getting new ideas while gambling so that I will be making quick profits rather than going by strategy for making slow profits. But, I was never successful with any of my strategies. I must say that strategies are some reasons why we are continuing with gambling.

Here, OP is sharing about his way of gaining easy bitcoins and holding them for price rise. It sounds good but once trying them in real time gambling then he will come know how childish his plans are. Yes, luck is the only thing we must need while gambling not any strategies nor tips.

I agree that when we are gambling among many losses, we might need some outside help to continue with our gambling. Many gamblers are taking that help in the form of strategies. Even strategies are not actually helping them but it is giving them some moral support to continue the process of chasing their losses or going greedy.

Whatever strategies you will be applying, the final results of gambling will not change because it is just the outcome of how your luck is working for you for that day.

If we can do things like that, doubled or tripled our btc and keep holding it until the bull comes, it will be good. But what will we do during our waiting time? It's okay if the bull will come soon. What if the bull will come a little longer? Can we stay calm without doing anything?

It will be very difficult for everything to work out as you said.  For bitcoin to get to $10,000 is not going to happen now and gamblers will like to make fast money.  The technic you are saying is almost the samething like buying and holding and as you said bitcoin goes to $10,000 it can also fall to $10!

This is just normal crypto strategy just hold your cryptos util the prices increases only the difference is making cryptos by winning bets which is obviously not happen many times.

I'm always wondering why we cannot mix our strategies along with luck factor so that we can make some consistent results. But, unlike strategies that will be no working methodology to find out when our luck will be working and when it will not work.

There is no predetermined way of knowing our luck factor. Honestly I have tied astrology also for that but nothing worked for me too. If there will be any possibility to know when my luck will be working for me then I would have been a millionaire by this time just with my gambling.

I am not sure IF it will work or not because we still need luck in out of that strategy ( I will say this as a plan and not strategy ).
Hit and Run can works only IF you win the game but IF not, you can not leave the game, and I think you will push yourself to play more until you win.
It's easy to make a plan, but sometimes, we need to think about the worst thing that might happen later so we could prepare the exit way. But it's a good plan for you, and you can try for yourself :D

depending on the game you are playing dude, because some gambling games like poker also need a strategy,
but other games like dice certainly don't need a strategy, because the result is determined pure by luck

right, some gambling games certainly need a smart strategy for profit. without strategy if we play poker, of course victory will be hard to come by. in addition, gambling games such as dice roulette or sports betting are almost 90% of the winnings obtained only from luck, although in sports gambling requires accurate team analysis to choose from, but sports gambling is not fully predictable using strategy

If you have a good luck then Dice is the best option for you in gambling. Also you do not need any knowledge or skill in playing gambling and it is purley your luck if you win or lose.

On the other hand, poker need some strategy and sport betting needs good analysis and fore casting ability to be able to win.

Poker is a strategic game. I do not consider it as gambling. If you are good at math then you can count the cards although you have to be very aware that the house is not suspecting you.

Sports betting needs good analysis but the analysis actually don't work that much. In a bad day the top team on the table can make a draw or lose with the bottom team on the table.

The best strategy I found is not to gamble at all LOL

I guess they will try to double the base money to get more money in the gambling table. There is greediness among the gamblers who can win much money although they said it's enough to get the money right now but they still chasing the other winning by playing the game. But I believe that there are people who can stay calm after he winning much money and waiting for the bull comes while he will search another thing to keep him busy.

Poker still based on luck and you cannot possibly count the cards because they are being re shuffle from time to time . though some say that poker can also be a skill based because of the card elements . same goes with the sports betting  .  sports betting can be considered a skill based but not all times your best pick teams will win because alot of factors can matter .   their managers can pay them to loose the match or the team itself will experience a bad luck during game play  .



Lol thats not a strategy anymore because that is already a decision  .

Ultimately you make a decision LOL

Lol just stop spamming in others thread. This is not how you market a product. You are putting a bad name for the product you are promoting. Check your post history (http://archive.li/J0suT). It already is looking bad.

Seems like you are answering yourself. You cannot control your luck, you agree with this or not ? Or you got chances to get your luck when you want that the most ? If yes, then you may go for mixing your luck with strategies for getting consistent results from gambling. Consistency in gambling is something imaginary. If you understand this then you will never think about that.

Astrology for predicting luck factor ? You are really sounding very much interesting to me. Why you are this much deliberately trying with gambling ? Did you born with silver spoon ? Or your father is a corrupted politician ? I'm sorry to have like that because only those type of people will keep trying with gambling in every possible way. But I'm sure no one could crack the code of gambling success.

Strategies are very much important in gambling income to gambling there is no idea in that you can definitely lost your money quickly because I also last some of the amount without any idea but with a strategy you can definitely get some money as a profit otherwise nothing will be in your hand

Whatever strategies we used in gambling if its not our lucky day we’re still gonna lose. I believe strategies will just there to help us, but not to provide huge profit since the house will always win and we cannot stop them from doing that. They have the control too over our money, especially in some game where it is already set up by the system, so gamble with care also.

gambler's have an different strategies and idea's how to hold their bitcoin funds in the right ways they did knows, your strategy is good but knowing if there no luck knowledge and strategy is not working.

List of betting strategies see here: http://sportstatist.com/betting-strategies/

Perhaps, you will get a great result in sports betting with your strategy because, in the sports betting, you need to know and have much information for each team or player so you can create a strategy to win. Although you still depend on luck, your chance to win in the sports betting will higher than the other gambling games. You can calculate the percentage of the chance to win in the match so you can know how much money you should use to make money, but yes, it's not guaranteed to win because there is a possibility to get lost too.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

The problem with his kind of thinking is he only think of one possibility which is the uptrend.
Maybe we think we hit the bottom already and price will rise, on that case, I would rather not gamble anymore and hold my bitcoin until the price will rise.
Gambling will possibly increase your bitcoin if you win, but you are also entitled to loss as you are not god who knows the outcome of the game.

I guess it depends on his strategy because we have a different strategy and I am sure he will think about that. Meanwhile, my suggestion is to exchange the bitcoin into fiat and hold fiat and only buy bitcoin in a small portion for playing gambling. But once again, it is up to him, and we could only give the suggestion. I prefer to hold usdt or usd than bitcoin in these situations because it will be safe and I can use usdt or usd to buy bitcoin or altcoin I want.

He will go for holding his bitcoins :P.
I believe that does not a criteria here but his plans of multiplying his bitcoins through gambling is the biggest concern here. I am sure that he will be successful with his attempts as gambling will never let you move away with profits but with only frustrations.

This is the actual cons where OP must need to look at. I am not sure about his gambling strength nor his betting capabilities. But, speaking in general that all gamblers do enter into gambling with at most confidence levels and this over-confidence block their eyes to look for pitfalls of the their plans by making their bran to fade away. Overall, the lessons we have learned throughout gambling discussion board must be, never plan your future based on gambling as your luck is not in your favor all the times.

Its like buying bitcoins from your gambling profit. Your bet would be crypto and instead of withdrawing, you wil wait until the moon comes and you can triple your money. Nice strategy knowing that your winnings is the money you can afford to lose and im sure you are willing to hold it for a while and invest in crypto.

Yes we should always think for the negative side on every decision that we have especially in gambling. Strategies should not be trusted always, in gambling it wont always work since you are not lucky everyday. Just gamble the coins you can afford to lose, but use bitcoin not much in gambling since its value will rise more soon.

so you are saying that one must not use bitcoin for gambling ? but what about altcoins and tokens those can also increase in the future so why gamble them? strategies do work and its better than playing randomly because you feel that you are progressing in the game  but dont abuse it too much because strategies have thier own limitation  .  thinking negative is also a bad luck and it can only lead to more losses  . so cheer up , its free though

For me,different strategies in gambling won't help us much  because it is more likely based on pure luck.It would be good if we feel lucky every time we gamble but we know it's very impossible.So to avoid more losses,gamble only on the amount you can afford to lose.And make sure you know exactly your limits when it comes to gambling.

The idea is always to think in the both side of the result, what if things should be consider before making any decisions, both of you have the points and have its own interpretations of the market, what is best is always think of possibilities and, if the trend will go high then bitcoin price will jump and give you much better profits, can double your money aside from winning from gambling, but in the other side if the value fells, your winnings will also be disregarded as value will depreciate, need to have another sets of plans for taking both for your advantage.

I can simply get his point there, although it's true that altcoins is the same with bitcoin that can also raise its value, but the fact that it has a low values than bitcoin so it's better if we only use those coins instead of bitcoin. For that reason we won't be losing to much compared to the value of altcoin, and yet the winnings is also the same it will be low in value.

But still most of the players that use gambling platforms are using BTC as their currency for their bet, for they aim a high profit rather than enjoying the game.

This is a good strategy and we may need to put this to test by some of the gambler here and see what happens.  Bitcoin going to $10,000  may not be this year but even if it happens next year it will be a welcome development. 

It not to be considered as strategy because we will never knows we able to win or not on the bets then how can we depend on the bitcoin prices for that.I don't find any strategy to be honest just play and the rest is not in our hands.

You cannot play around with the price changes of bitcoin when you are gambling, your main focus is just to win and therefore
it's necessary to increase your initial bankroll and regardless of the price valuation, that's not relevant.
If you want to be successful in gambling, learn the strategy to win, and if you go with the price speculation too, then just start trading, they're separate.

A sensible trader never thinks in this way. You can either calculate your profit in terms of bitcoin or in terms of dollars. The best approach is that if you are betting with dollar, your target should be to increase your dollars and if you are gambling with bitcoins, the target should be to increase the satoshi and do not care for the dollar value.

I have never thought about this strategy, nor do I have a strategy that I regularly care about, it is very interesting, I wonder what happens if you lose or get a lot of money.

Good point, just play and allow yourself to win then enjoy after, there's no assurance that things will be good after you bet and there's no said strategy with how OP mentions as time can't be predicted with how the market will turned in the next 24 hrs, who knows when bull will showed up and also what
if bear continue to dominates the market and make another surged down, muc preferred to enjoy the money that you earned after your  game.

Yes, it won't work with the games based on luck, but we have many other games that are based on knowledge like poker and sports betting, so we do not depend on luck only. If we can get accurate information in sports betting, I think we can win the game and get the money although it does not guarantee, at least we can make a strategy. But all in all, luck will have a big part of the gambling games.

It is better we know that we don't have to make a strategy and only to have fun inside the game. In that way, I guess we don't have to get stress if we are losing the money and we can come back in the other days. But if you feel that you can feel confidence by making a strategy, then you can make one or two to anticipate for the next round.

As others have mentioned this is not really strategy but it can be used to make money not from gambling just through the cryptocurrencies you have for that you no need to enter into gambling just do it from your wallet or any of the trading platform.

I think there are no any gambling strategy because in gambling there are only luck, but there are still other games like poker that need a strategy.

The gambling games that you can use a strategy is poker that you need to know how to bluff your opponents and to fold their cards, and baccarat and blackjack that you need to have a instinct before you ask a another card because you might not receive the card that you expect for you to win. But i still believe that gambling is still all about luck because even you receive a good card your opponent can still beat you if they receive a more better card than yours, that is why gambling (https://to.crwd.cr/cm) is mostly a game of luck than a game of strategy.

Your strategy are in other word, buy Bitcoins, gamble with your Bitcoins, win your Bitcoins bets,  so you over some time do a 3x, cash out and wait until next bull run, then sell your Bitcoin.
I thinks it’s a great plan, and you should stick to it, now you just need to stay focus and be disciplined when you gamble, that and the 3x thing, will be the hardest part of you plan.

I can see your point, and when it comes to strategy I guess we all have it, we all performed it, we established and excute it bit not everything comes with luck, so you have to experiment everything you think might help you, mind as well that set some limits for yourself not fall for the excessive drive of gaming, so we can prevent addiction to this. Whenever I get a chance to play I always allocated enough and fair amount of money in gaming since at some point I can't handle myself at the peak of the joy, which may cause me to take impulsive action that's why I control, and that is what I usually do in  casino (https://vegascasino.io/casino/video-slots/durian-dynamite?utm_source=ccdd) foreseeing the things that might happen, allows me to enjoy more the variety of games that they are offering like  Poker, black jack, slots, roulette and many more and as well as great deal of rewards of the first time depositor to their site.

This is a nice strategy if you can double or triple up your deposit. And as long as you know what you're doing then it should be possible to do in sports betting.

Some of games does require strategy but majorly it is the luck that drives the force to win or lose in the gambling. So when you know its your day play to win else move out before you run out of the money.

Reaching 2-3x on your capital with sports betting is really plausible but come to think that luck would always be an important factor before you would able to achieve these goals. About his plan on securing profits and
accumulate bitcoin and wait up for the bull run is a good idea but when you are involved with gambling you cant really say that you would able to secure those funds along the way completely.Tendency on losing it up is there also yet we know on how much risk that gambling could give.

If you goes for betting games. it is not relay on luck only. Even your knowledge is really required to bet on any games. Please look at the odds also secondary hope you will not say luck is only the matter for earning in gambling.
May be your idea is relay on the dice investment but this sports betting really need to know the knowledge like experts.

Well actually i agree with you there are no strategy in gambling games because almost all of gambling games based on the lucky, but my personal strategy is not on gambling games but my strategy is on the money management when i played gambling games. I always stoped gambling when i have got lost about $20 max in gambling games and i always stop when i have got $20 daily, this rules make me happy in gambling games than think how to make alot of money in gambling games, so i think it is my strategy in gambling games.

Most of the games have no strategy to win and it is just random win or lose in gambling. People have made many strategies for dice games but none of them are reliable. Gambling is just one game in the world which is won only by luck and not by strategy.

You just simplified his long post and I appreciate it :).

To the OP, this is not a strategy at all. This is just a statement or an opinion coming from you with hope. This can work maybe but how are you so sure that  you can double or triple your Bitcoins? Even the low odds have the chance to lose. I don't want to bet too in low odds too (around 1.01 odds like that). I'd rather do some risk in order to get more reward. There is no strategy in gambling I think. If you win then go away and take your profits. If you lose then stop. Simple as that :).

Indeed, gambling may be a strategy needed. But I play gambling never seems to use any strategy. Because I just hope the luck that comes to me. If I win, of course I will play again and if I lose, luck may not come to me and I will play again to look for that luck.

The strategy that came from your experienced will give you some advantages, but it's luck that pay the best when you got some lucky chance to play well, do the combination and extend your chances to enjoy while earnings from this activities.

But that will not always work especially if we don't have luck because we don't know what will happen in the next few days. When you bet for bitcoin price, you should have skills to analyze the chart so you can make a profit but if you don't have any skills, then don't expect to make a profit because you will lose in the middle of your bets.

That’s the best mate. I also don’t care about the strategies for gambling. I just see the game as a game of luck and it’s been working just fine for me. Luck is what make it gambling, once there is a strategy to playing gambling, then it’s no longer gambling, maybe we should find a new name for it then.

If gambling is a game of strategy alone, why hasn’t every strategic player become gambling billionaires?  It’s just a fun game that only the few lucky ones can be successful. I’ve been playing for years and I see it as a game of luck. I don’t have any strategy, there are times I win and times I loose and its all fine by me.

I can say that some strategies in gambling might work but for too long. Frankly, you don't need strategies in playing but a bunch of luck and as a matter of fact even you have luck, it still not enough. I use to play in a crypto casino (https://vegascasino.io/casino/video-slots/durian-dynamite?utm_source=ccdd) but I don't use any tactics probably because I don't intend to have profit from it, playing is enough to have fun is my real thing but if you ask me for some strategies then I would say try not to chase your loss.

If you have read the strategy that OP is telling, having luck is minimal because you're betting with the lowest possible odds that you can. This is good if you have that good amount to start with and you don't need the money ASAP.

It's more of gambling and holding, and when the market goes on bull run as he mentioned you should start selling your profit. And that's the strategy that he is telling us and it doesn't actually you require too much luck.

Well, for me I don't enjoy the game without using a certain strategy.
To be in profit is hard because you need to ensure you consider your past outcome in gambling which I know I loss more in the past.
Winning is enough for me, although temporary but as a gambler winning gives more satisfaction.

Different strategy is done in different type of games, in dice maybe you don't need to formulate as its purely based on luck but there are still
people who find a certain strategy is good, like martingale strategy which for me a recipe for disaster.