Bitcoin Forum

Consider a scenario where you play coin flip. Heads come out you win, you double your money. Tails come out you lose, 50% is reduced to your money.

So if you start with $10 and you win it becomes $20 but if you lose it becomes $10 which brings you to the start. But after consecutive wins, what does it look like? Your $20 can become $40 and the $40 can become $80 after consecutive wins and you lose one time and that is still $40. Sounds pretty neat?

Do you think you can make profit out of this game? Bear in mind that you can play for an infinite number of times.

The probability of you winning and losing is a 50-50 chance on each game. This is a game of pure luck and nothing more. I can't say if you can make profits from such a game despite that you can play till infinity because it's your luck that will determine this.

You can be lucky and win for some period of time but it's not guaranteed. When I was a teen, we love playing the game in order to be the first to choose something.

There is no strategy in there but the hope to win consecutively. Yes you can make it if you are lucky to make a series of wins. Why wait for it to be $40 when you can quit after you turned your $10 to 80.

Just move to another game and see if you are lucky again.  While your win on casino games only depends on luck, you might as well apply strategies, you may never know until you try again.

No, it is not profitable. You can’t play it forever as you’ll eventually run out of money and no, the win chance isn’t 50% exactly. It is more like between 45% and 49%. That means you can fool math if you play the game for a few times but if you play a thousand times, you will definitely lose your initial capital.

If it was possible to make profits playing this game, everyone would do it, the casino would go bankrupt and you wouldn’t be posting this nonsense since the casino wouldn’t even exist.

There is no bias in coin flip games, no casino edge, you have a 50 50 chance to win or lose, it depends purely on luck to win and the chances that you have to win is the same chances that you have to lose. I think that it is ok to continue playing so far you have not lost the amount that you used to start, but if you begin to lose along the way you can quit when you want to. But it is good that you don't lose more than the amount that you used to start. If you start with a lose you need to determine the amount that you are comfortable to further loose and if wins don't happen till you reach that amount, it is better to quit.

Don't think it's easy to make profits with coin tossing because as long as gambling is concerned, you will lose in the long run, no matter how easy you think that the game is. No one should gamble till infinity which is the main reason of our losses because the more you gamble, the more losses you incur.

When you're after profits, you will not appreciate the little that you have already because of and that will make you empty your bankroll. Gamble for fun because your chance of losing is higher than winning.

As simple as it sounds, the reality is completely different, in reality you will never be able to win consistently from such games. I have experience playing such games, I played such games a long time ago, where before starting the game I considered myself very lucky, but after I won once, I lost the next 3 times. These are completely luck-based games, and I think the chances of winning from such games are comparatively very low.

Sound like compounding bets, in long term you'll lose. If you don't have target, at some point you're going to lose so I think you should consider at least 3 win streak before cashing out. It can be profitable if the game is really a 50/50 fair chance, no house edge or any fees and also if you can sustain long term losses. I think with higher bankroll you would be able to sustain some consecutive losses.

Again, in perfect world it might work but you should consider house edge which they always have.

That's only if we talk about winning, what if we lose in a row? that means we can lose all the money. So this is a pure game of luck, and your chance of winning is only 50%, equal to your chance of losing, it's quite difficult to ensure yourself to win. So the answer to the question "Can I make a profit from this game?" is simply not certain, because it depends on luck. You could make a lot of profit from this game, or lose all your money in the process.

The saying is appropriate here: "If my aunt had been a man, she'd have been my uncle"... Nevertheless, let's look at it theoretically. If you lose only half of your amount on a bad roll, while winning doubles your amount, then this is essentially equivalent to a 75% probability in your favor. Hypothetically, such a game would be beneficial to you.

Moreover, in the case of a series of losses, if you flip a coin many times (thousands of times), it will be profitable, even if you have a series of losses. Only here there is a maximum allowable series of losses from which it is still possible to recoup. It is equal to the ordinal number of the member of the geometric progression with a factor of 1/2, and the first member is, say, 10 $. In other words, how many halves are needed to get to 0.01$. It is impossible to divide further, it will be a loss. For an initial amount of $ 10, a losing streak of 11 unsuccessful throws in a row.

That is martingale system you describe, of course it's profitable, as long as you are going to win and that's why this strategy is being used in games like what you describe or in baccarat games. I will admit that I used it, but I only go for like 2-3 hits and then quit. The thing though is that this kind of strategy is still base on luck, because you really don't know what will be the next result of the flip will be. Of course it could be 50/50, so there are still a big chance for you to win. And sometimes, it's really hard to stop if you double your money from $10.00-$80.00 as you will feel lucky and wanted to stretch your luck and double that $80.00. But then if you lose, that's where the mental trauma and agony sets in and regrets comes along. So control is the key if you wanted this kind of strategy and be profitable to you.

This kind of game may seem profitable, but it's really just an illusion. When you win, your money grows quickly, but when you lose, you lose more than it appears. It can be addictive, creating a false sense of control. However, in the long run, it almost always leads to zero or significant losses. I wouldn’t waste my time on a game like that.

You're going to lose you ass in the long run. You might make a quick double up but most of the time you're going to end up going on a massive losing streak and could lose a lot more than you can afford. I personally wouldn't even consider this sort of strategy, but to each their own.

I have not seen coin flip on a casino before. Is it there?

As long as it is in a casino game like roulette or dice with 2 odds, the person is most likely going to be the one that will lose more while the casino will gain more.

But if it is with another person that the game is being played with and not casino, it is still a game of lucky. Worth knowing that there are easy way to cheat with coin flip I think.

The chance of you being so profitable with this game is determined by how lucky you are, because if you are not lucky, you can lose all the money you started with.
So, asking whether this is profitable or not, the answer I will give is that it can be profitable or not, maybe to some persons they can luckily double their money so fast while another gambler might lose all their money, so there's no certainty in profits making.
If you are try it out and you succeed to double your $10 to $20 or $40, it's better you withdraw your profits before continuing again, so that when you start losing, you will not lose everything.

Profits for such games tend to be on a lower momentum cause it just seems like dice games that you roll and whatever comes out will either be win ofe you or a loss, so then when you start up with an amount and tend to double it while you win it's pretty cool but along the line you can't predict the outcome cause you may end up losing and likewise your money dropping gradually, which is why I think it's not profitable but basdd on luck as usual.

No. That betting method is useless if you're playing games with a built-in house edge. Whether it's flat betting, Martingale, or whatever system you use it’s all pointless because the outcome is purely based on luck.

In fact, using that kind of strategy just complicates things. And here' the scary thing, it might even lead to addiction. You'll start getting curious, constantly tweaking and experimenting, thinking you're onto something, when in reality, it’s a never-ending cycle that won’t lead to success. Just being honest here.

Everything can happen especially if you play coin flip because that game is based on the luck. So it will not easy to know how much money you will win or lose because that will depend on your luck. You can big win but you can also lose much so be careful for playing gambling games based on the luck.

Yes, that is interesting to playing on that games but I still prefer to play other gambling games ;D
If that is gambling games based on the luck, I will hardly say difficult for me to win because I don't have much luck.

But maybe other gamblers can win much than me. And yes, we can play for an infinite number of times but you need to know how much money you will use.

Well, the way you put this is a bit confusing to be honest, a head or tail game is a type of game which I believe that outcome simply depends on luck, that is, how lucky the player is is what determines how much or how many turns he or she would win and how many he or she would lose.

So to simply answer the question based on how little I understand it, luck is the ultimate deciding factor here as to whether this game will be profitable for the player or not. Some lucky players may end up in profit while some others may end up in a loss, this is what I think and believe, gambling outcome isn't always the same result for everyone.

I doubt that the probability of wining  to loosing is 50-50 casino are more likely  to be on the wining side than let their customers take advantage of the whole situation. However the wining  difficulty is set in such that the casinos are always on the wining side that is why we tend to see a casino which got launched with the right advertisement strategy booming allover, to the extent of creating and branding their casinos to a more standard and user friendly platform.

No, you cannot consistently make money out that game and if you do then it is because you had good luck in your first cointosses and then immediately withdrew your money to enjoy it. The fact you can toss the coin an infinite number of times only adds power to the casino their set house edge to drain your bankroll before you even realize it.
Keep in mind all casino games have that small percentage inclined to favor the house, that means of you play an infinite number of times your bankroll will always tend towards zero.

Please be careful when you play coin flip, because it may be one of the most simple and straight forward games you could find on casinos, but the illusion of easy chances to profit out of them could be very costly to you and your personal finances if you don't stop on time or if you try to outsmart mathematics.

Is it possible that I can make profit out of this game? The answer is an emphatic yes. Another question then is, how frequent can I get a win without getting a loss? That's where the main issue comes from because this kind of game is purely a luck based game that your skill or level of intelligence can't give you an higher chance of winning.

In an ideal or hypothetical scenario, we can paint a lot of possible outcome for this kind of game but in the real world where tiu try it out, chances are that you might just start with $20 and lose it at your first bet and lose your next five consecutive bets. It's as simple as that. This kind of game is nothing different from the other kinds of completely lucky based games. You can't be always lucky to turn your $20 to $40 and continue multiplying it. If it were that easy, then we would have a lot of billionaire gamblers around.

Any game you have no target amount to be won, will end up as a loss bet, not a profit bet, because you keep on trying your luck even when you have won a good amount, you can quit for the day. But due to greed, you won't know the exact time to quit.

That's the reason why, when involved in something that is based on luck, try hard to have a target price in mind. So that when you achieve that you will quit gambling for the day, to try again some other time.

The mistake some people make with luck-based games is to keep thinking that luck will always be on their side when they are winning. They don't know that luck can turn away from them.

The probability of winning and losing is exactly the same.
It could be profitable as it could eat your initial amount with just two shots.
Try it with a roulette, always play on zero and see after how many times it comes out, by chance game on average zero comes out between 40 and 60 shots.
But be careful it is a probability so it is always variable, it could happen that zero comes out even after 200 shots.
Basically if you intend to do this thing, get it out of your head if you don't want to hurt yourself.

This is a luck-based game so it depends. If you're lucky certainly it is profitable, otherwise it can drain your funds. Because regardless of your strategy (martingale is common for this kind of game) winning is still not guaranteed.

Doubling your stake can give you nice profit but what if worse case happened? Still, use what you can only afford to lose because it is gambling. That's the number one rule btw.

I do not quite understand your line of thinking. Let’s start with figuring out what kind of game this is. Even if the probability is 50 to 50, let’s say it is roulette with red and black. If you bet $10 and win, you get $20. But then you bet $20, it lands on black, and you lose everything. That is how casino games work. I do not know in what kind of game you could lose only 50 percent during a loss. Or maybe this is just some kind of theoretical problem about how much it could increase your chances of winning. Well, yes, maybe it increases them a little, but in reality, I doubt you will find such a game.

50-50? That sounds like a game where you are neither profitable nor suffer an losses in the long term. You just keep evening things out, eventually. There is no point to that unless it is a limited game, not a infinite game. With a limited amount of flips, you will either be profitable or you will lose money, depending on how lucky you were- but that depends entirely on probability.

Also, no casino would offer a game like that unless it somehow had a house edge, meaning the casino wins more often than the player. So no, it is not a profitable game unless tweaked.

Yes, it looked great. But the question is whether luck favors us. Uncertainty is always in gambling, especially in pure luck-based games. Thinking positively doesn't always work, not in gambling. Of course, we can still win, but yes, we could also lose a lot.

We are free to gamble, to do whatever we want. If we think a coin flip is profitable, then try it. The results could tell if it is true or not. While our imaginations are always right.

But of course, it's better not to think only of money. Instead, enjoy it by not pressuring our minds.

You be yourself and I be myself, I would have taken the $20 on that first win and walk away, because I have too much respect for what gambling really is, you can say I have lost opportunity to win the $40 later on.

I won't be a fool to find that out later, things always go very bad faster with gambling, and why won't it be this way? Because it's simply gambling, a ruthless way of making money.

No knowledge or smart services rendered, you come with a dollar and hope to walk away with thousands, it's a fool's theory, accept it as it is or wait to find out the real face of gambling.

Sounds good, if that scenario happens, what if the opposite happens? of course you will lose your capital.
There is no strategy always work well, and what we think is not what will happen because if there is a scenario that the player wants to go well then the casino will go bankrupt.
When you play, don't assume, there is a reality where you can lose money even though you think your strategy is very good.

Your expressions says consecutive winnings while you have a very minimal loose. I guess!
That is to say... If one can win more times than loosing when maintaining a particular wagering values, of course there is going to be super profits.

But wait a second, if we are talking about martingale strategy here, I think it will only sound good as much as you said... consecutive winnings but note it is highily risky because when you lost, you also lost double just as when you wins, you get double returns.
So, also look at it this way so that the strategy does not look too good to newbies as thought.

Coinflip used to be my favorite game until I realized that it's boring and no strategy that you can use to make you win, it's easier said than done; there is such a thing as consecutive losses. Remember, this is a casino; the house has an edge if Coinflip is an easy way to make money, everyone's cashing out on Coinflip.
I suggest that you try it for yourself and see the results; chances are, I am right in my opinion, the longer you play the house edge will come to play.

I think the question is: Are you going to win consecutively? If you are playing against the house, I doubt that. If you are playing against a friend flipping the coins, then it might happen, but there's no certainty either. Both will end up the same way, and it's probably a loss.

The bigger question: When are you going to stop after claiming a winning streak? Once you get to that $80 point, are you satisfied enough to call it a day, or are you gonna keep on going? It's still up to the gambler because every possibility could happen. It's not profitable if you are greedy and somehow lose it all in a blink.

the tricky thing is knowing when to stop you can definitely make profit this way but the answer is when and when you do win, the question becomes when do you stop? after a few rounds i think i will get bored anyway and move on to another game

I have never played a coin toss game but from what you have explained it is very clear 100% this is a game of luck, we know that as long as you cannot rely on skills or strategies it can be said that it will not provide stable profits, so if you have won 3 times in a row that is enough and you should stop playing this game immediately, this is one way to overcome a game that relies on luck and remember that you will not always be given that winning streak.

It is not as easy as you describe. Gambling is a game of luck, there are many risks and there is a possibility of losing money at any time. Gambling is a game of chance, no one can say when you will win or lose in this game of chance. If no one can say whether I will win or lose in gambling, then gambling is never easy. I may not have played your game yet, but I think there is a lot of risks here and the possibility of losing money is also there. I have participated in sports betting. I have not participated in any other game like this before except sports betting. However, sports betting seems to me to be the best.Because I can achieve good success by betting on sports betting.

You want to know if it is profitable or not? It depends. Profitable for whom? For you? For the house? For your therapist? That is three ledgers. Flip the coin, multiply, lose half. Neat, you say. Makes one feel it should work. Feels. That term carries a heavy load. People love streaks: hot hands, wild runs, when you have a $10 and it turns into $80 and you think you are a genius. But the math is just there, waiting to hit you with a ruler.

Win-lose pairs: up to $20 dollars, down to $10 dollars, to the beginning. Win-lose again, again, again. Guess what? You are not going anywhere. You are stuck, your feet keep turning, but you are not actually going anywhere, except perhaps down with time. But hey, perhaps you did not come here to do math. That may be you, and that is just fine, but do not think that the ride is the reward itself. “Infinite tries” is a trap. Infinity is not for mortals. Time, attention span, luck, those are long gone by the time your luck runs out.

Flip it for fun, not profit. Trust me. And remember, the house is always smiling. Silently, calmly, forever.

If you can play the game infinite times there’s a point that you will be in profit depending on your luck if you will hit winning streak first before the losing streak occurs.

But in the long run you will surely lose since all casino games has a house edge that guarantee a profit for the casino.

So is it profitable? Yes via short term but in the long run it’s not statistically wise considering there’s a house edge.

Don't know if this scenario can be imagined if you win in a row? In a coin flip game it seems easy but consecutive wins are hard to do, in the end you will lose. There is no surefire strategy where you can win in a row especially in a coinflip game.

I would not consider this gambling profitable in any scenario because it is uncertain, plus it only relies on luck --- if you lose maybe that's for sure then you have to be prepared for a scenario where you lose a lot.

That's the scenario in gambling, win, win, lose, lose, win so on until you really lose everything.

You may gamble without limits, but remember and control today you win in a coin throwing, tomorrow is not the same as today, it needs to be recorded or this hour you are lucky three or four hours in the next not necessarily, that's the game and gambling.

That's where the point someone thinks without emotion and controlled to be able to feel the meaning of victory in gambling, with you can control yourself not greedy or ambitions at that time you feel the pleasure and pleasure of gambling.

Games like these always needs luck and if you are having good time then surely you can go as much it's affordable for you but still playing long term is never been ideal suggestion because things can take quick changes.
If someone able to check stats and had strong mentality then surely this will be good for him because during game while he feels he is losing after some wins surely he needs to leave this immediately it's not important he is playing against friend or having casino because suddenly change always kills.
As long someone will go he could be on back foot so always check your all stats and keep things balanced helps because wins are always important instead of going for huge ones or having try for jackpot like things which also increase greediness and things gone quickly on opposite side which are never been good deal for anyone during game.

Have you tried it yourself? Better try it, Coinflip may look easy, but it's not. you will be better playing dice, as all the other games in a luck-based casino, the longer you play, the house will catch you and beat you to your
If you're going to show us something that you speculate had a chance for profit,, it's better to try it yourself, but of course play it with money that you can afford to lose and have fun doing so.

Theoretically speaking. It’s not profitable since the real winning percentage is below 50% due to the house advantage on each casino games. Be it dice, plinko, blackjack and coin flip there’s no way you can be profitable long term if you will play the same amount of bet to infinite times.

But if you will do martingale strategy with infinite bankroll there’s a possibility to be profitable long term since losing streak always has an end while your bankroll can absorb no matter how long the lose streak due to infinite times bankroll.

I don't know why you raise this but the main thing here is that the game is unrealistic because you don't have an infinite life or infinite money. I have not stopped to do the numbers but it seems to me EV=0, you neither win nor lose in the long term. The good thing: you don't have a House charging you commissions or with an advantage for the HE.

Is it profitable? In the long term it doesn't seem so, in the short term it can be, but as any casino game can be.

And I think that these are excellent conditions of the game, and they are not equal in risks between themselves. The thing is that it is similar to martingale, but here the gambler loses not 100 percent of the money, but only 50. Unfortunately, the casino is not able to provide such conditions, because if someone plays black and red and doubles his deposit, then when he loses, he checks the entire amount, because to double, such a gambler risks absolutely everything.

You said that if it's a lose, then 50% to reduce then this means that the starting $10 will become $5. But I guess you're assuming that you have a good start and have won it already.

Neat but it's all theoretical. Not all outcomes are going to be like that and the most common result is to lose that not that far with that start of $10.

With that 50% reduction, I guess that the game will be prolonged but not gonna be profitable IMO.

Its possible that we play in this manner, but the risk as you have said is 50/50 and if am the type that won for the first time to doubled my money, then i will take the half of the winning back to my wallet, while the remaining half will be divided into 3 for me to use in gambling, so that if i lose, i can still have more hope of playing more game with the expectation of winning, after which I've taken the main money used to gamble at the first instance.

This is a game of probability and from everything you said it's all based on assumptions, it's possible for you to have losing streaks more than 4 times and lose all the money you are meant to stake and it's also possible have multiple winning streaks, the game is just based on luck just like every other casino game out there. Coin flip like I said is a game of luck, some people try to use arithmetic to be in profit but it doesn't work

Just to be clear, is the bet amount fixed? If so, it's a 50-50 chance game, your chance of making a profit in the long run is also 50%. There is no strategy or technique you can use to change that. That being said, there are poeple who might be lucky enough to be on the above 50%win rate, and there are people who might be unlucky enough to be on the below 50% win rate.

Nah, or maybe you will, at the start or if you’re lucky enough, but it won’t work most of the time. It’s like this, play another game, for example, dice, and increase the win chance. Still, there’s no guarantee you’ll win or become profitable. Sooner or later, you’ll hit a red streak whether you like it or not. That’s gambling. At the end of the day, businesses are in it to make a profit, not take losses. So your scenario is most likely just a dream.

For a game that is 50/50 chances of success and failure, I don't  think it is wise to double the capital after first win because a single loss can bring you to a huge loss in the vicinity of 50% o 100% after a few hands. This is not a sustainable gambling. The way to go about this type of game is to maintain the same amount per bet and have a fixed budget which if lost should lead to an end of the gambling session. This will enable you measure you progress in the game.

On this case, long term betting is already given constant while the win/lose arrangement is just the only variable.

House edge doesn’t mention here but I assume there is since this is a gambling games that’s why I speculate that it will be unprofitable. Even if there’s no house edge it will will still result breakeven since it’s a 50% chance game in long term.

No game in gambling will make you profitable. If it were profitable, everyone would play this game with the aim of doubling their money. If you consider a short-term round, then there is a 50/50 chance of winning and losing the game. But,

If you think about it in the long term, then your chances of losing are higher. It may not be 50/50 percent, but the loss percentage will be more than 70%. There is no such game that will make you profitable. If a game was created that could really make you profitable, you might not be able to play it. Because, the casino can never think about its own losses.

From your explanations seems you mean gambling with half your bankroll. You have with you $10 make a toss and won $20, tossed another profiting another $10, giving $30 as total. Now the bankroll increases by $5 total bet on the toss becomes $15, if this is what you meant then you have to be very careful, 50-50 chance is enough for you to lose consecutively. You won't play the game for a long time but just when you hit a good profits is enough to quit at the moment.

There's no guarantee it will be profitable, but it's definitely better than casinos because the house edge is zero.

I think you're neither win or lose in the long run, your risk 100% to get or lose 100% with 50% winning chance, so if you gamble for a long time, you will end up to have the same amount since you started.

This is just my speculation though because I think neither of you are in advantage.

It probably depends on you dude, if you are the type of gambler who doesn't really want big profits, as long as you see that you have a profit, I am pretty sure you will stop and come back another time.

that 40$ big thing actually we know that in gambling we don't always win in all cases, instead most of the time we always lose in this situation. Yes, we will win every time we play but it's always the one we always lose.

This is going to depend on massive luck to be able to win - because you need consecutive wins to be able to have profits and if you experience any losses or consecutive losses instead you’d go back to where you begin and if the losses continues you’re bankroll would be depleted before you know what’s happening.

If you’re looking at it on a plain text it looks profitable but in reality casino games don’t work like that, you might just start and the first 6 games would be losses and that means you’d need 6 wins to recover before you can start chasing profits again.

When you win, your made money by 2 and when you lose you make loss by half, that's pretty fine but first, how are you going to be certain that you can win with fairness? Can you prove that? Absolutely no, you can't but let's say theoretically it's can be fair, then I think it's cool but you have to make sure that you have something you can use an edge to get more chance of getting double of your money all the time, you will make cool amount of money.

You can similarly do this by bet, rollover any money you make to bet on everyday but certainly casino don't give you half of what you have, you lose everything to them. If only they can allow you have half of your wager, it will be profitable for the gambler but not good for casinos, you will be cheating them, there might not be money left for people to cashout when they win if they operate on this kind of model, some will go bankrupted under a week.

You can't possibly tell the algorithm  behind it, yeah it suppose to be fair (yup you heard that..) ,  it's not meant to favour you more..
Let's say it favours  you at the beginning  or maybe at some point, it will still comeback  to favour  the casino.. it's suppose to be 50-50 but it will favour the casino more so be prepared for a luck based game,just like dice and spins(not too much difference ).

Your success depend entirely on luck because there is no skill involved in this game that is like dice. I wouldn't be committed to this strategy because it is not sustainable but if you trust your luck so much, then you can give it a shot. But ensure you do not ignore the need to gamble with only what you can afford to lose.

Unfortunately I don't really like this game, because it is very monotonous and only 50:50 and even then most of the time I lose. I even prefer to use the random option to determine the side of the coin. LoL because it is too fast to lose in this game.

That becomes profitable if our assumption is the same as the real outcome of the game. What if it will not? Well, the answer is NOT. We just put into consideration that our assumptions are not going to happen in real time. We can never say a purely luck-based game is profitable. Unless we manipulate the result. But in this coin flip, the only thing you rely on is luck, and manipulation is impossible. Which means that your winning assurance is just 50/50 (or less than that).

And even if we play countless times, that won't change the odds of winning.

Everything you are saying here is based on assumptions, you can't really tell if you are going to win such amounts... gambling is uncertain especially when you are dealing with casino games, I have coin flip games so I'm a bit experienced with it.. making profit out of this game isn't certain, this is the reason why you must be very careful with what you stake, the game is designed to take from gamblers in the long run

In gambling not everyone that always have the opportunity to win consecutively, gambling is basically on something of trial, you may deposit the sum of $20 and win $40 and also gamble with the sum of $40 and win $80, but they day you will lose, you will lose all you have profited, so that is how gambling is all about, you may gamble and you will not win and may also gamble and you lose everything that you gamble with.so it has being the nature of gambling everywhere win you will win you will not expect it and you will lose you will also not expect it.

You're forgetting about the house edge here. When you win, you don't get a whole $10 back because there is a house edge that is cut from your winnings, so deduct that amount from your winning amount as well. For example, if the house edge is 3%, per se, when you make a $10 bet and you win it, you get $9.7 back and not $10. So, when you lose the second bet, your balance won't be $10 but it will be $9.7, and you can't bet $10 again but only $9.7, and that will keep decreasing as you move ahead if you are winning and losing an equal number of bets.

This is the reason why it is said that a gambler will always be at a loss in the long run, and it's also because of the house edge because short-term wins might make you feel you are winning, but if you keep playing for a long time, the house edge will almost exhaust your money because you can't keep winning consecutively and with both wins and losses along with the house edge, you keep losing.

It all depends on the conditions of the bet, so to speak "the fine print of the game".

for example if there is a minimum bet $1 but you will only be a winner if you complete 1000 shots and your balance was not less than $1 but even so if you exceed 1000 attempts it would only pay you a maximum of $200, you will probably almost always end up losing since you would have approximately a 90% chance of losing.

In those super optimistic infinite number of times you hope to win here the reality is completely different. In real life if you play roulette it is mathematically impossible that 100 times the dice to stand on only red or only black, it will be diversified between the two outcomes, in casino controlled software it can easily fall 100 times on red and you cannot do nothing about it. So to make an analogy with that coin flip of yours, to put it a simple answer is a big no, simply because both mathematically and statistically speaking you can never outsmart luck, luck is impossible to beat, especially more than impossible when you try to do it in full randomness. Now for all people looking for such silly ideas to put in place I suggest you all read the book "Fooled by Randomness" before losing any money.

Gambling is not for those that don't have the patience to gamble responsibly so that with time, they can keep accumulating profit gradually. If everybody is to be reckless in gambling, it means users will not be making responsible profits at all, loses will be what gamblers will be getting while casinos will be the only one making the money.
Whether you are fan of flipping games or sport, we just need to understand that gambling is not always profitable. There are some times when we ought to understand that we can not always be winner not matter how we are good or how long we have been gambling. Staying profitable as gamblers is as a result of betting responsibly without greed or ur to make quick money.

This is pretty common gambling activities in the streets in the PH.
Is this profitable? Well, the answer depends on your luck. I mean PURE luck. Technically, there are no way you can develop a technique that would result in your favor consistently with this game. Unless, if you can start flipping the coin as low as you can so the coin would only flip once to your desired side of the coin, but that is not allowed for sure as they will always set a standard height on which you can thrown the coin from that specific distance to the ground.  
Just like any other gambling games, the chances are 50/50. It could be profitable if you have enough money to catch up when you're starting at a bad luck, or it could even go worse lol.

I will not think about strategy and whatever because if you see the opportunity then in the end it will only be 50/50 in terms of comparison so there is no need for any strategy just relying on luck and instinct to choose in doing that nothing more.

Getting profit or loss is also based on the luck that we have in the end because if you look at the game scheme it is actually quite simple but if done clearly this is not an easy thing so in the end this can also bring luck or loss in the end.

Maybe strategy or plan applies here but not in the context of the game but in the financial management that we use, if in the end we are too impulsive and feel sure we will win then it could actually make you chaotic in the game because it is no longer instinct that is used to choose but the ambition to get profit there.

no strategy ever is “profitable”. this has been discussed hundreds of times, and every time we come to the same simple conclusion. if you are lucky enough you win, if luck is not on your side you lose. if it is long enough you never win. at least only in “luck based” games.

everything else is just risk/reward calculations. this or that method, tactic, strategy is mathematically never profitable over long periods of time in betting games where the house has the advantage.

In the case of casino games, the outcome depends entirely on luck. None of us can say what the outcome of our next wager will be. 
Yes, but you will see many videos of different influencers on social media who talk about different strategies that if you follow those strategies and gamble, there is a possibility of being profitable.
But I would call those one kind of views scam, they make those kinds of videos only to get views, which is basically not effective in reality.

And always remember that gambling does not require any skill or strategy, so if you have any thoughts of spending a large amount of money thinking that strategy will be useful here, shake it out of your head, Otherwise, you'll have to pay later. C:-)

If we want to enjoy gambling not the maximum satisfaction, then we need to have the required and necessary patience with gambling because it's something we may not have to do without being patient, we also have to reason along with the conditions involved with gambling, that we may not have to always win if we play bets, just ad the usual mentality that it's more often to lose than winning, it can come for us as a win or lose game and we must be able to take it as it is, not running after lose.

Note this kind of bet doesn’t require strategy as few will assume using a strategy might be best but, it’s about luck yet luck doesn’t matter in this situation because gambling unlimitedly makes no sense rather every win seems empty whereby you can’t claim it so you lose everything back to the casino. This game is not profitable instead it’s a test about the mind and how willing a gambler will go like an extra miles to win consistently, anyways trying is not a bad option.

In such a situation it just seems like I'm rotating in a place, and if there have been constant winning and losing and I happen to round up my balance and notice an increase up to even 50% of what I deposited added to my balance, I will just try as much as I can to stop myself from playing and be rotating around that circle ending, which might seem not easy but will be the best thing for me before I finally reach a stage where I will lose everything and not just the increased balance.

Do you think that you can consistently make a profit by following a strategy in gambling? Or does skill and strategy matter in gambling?

If you think like this, I would say you are actually wrong. You will see some win coincidents  but that's nothing but luck in gambling can help you with, but they never happen for that reason.   
So, at the same time, I would like to remind you of one more thing: gambling is purely for entertainment or fun, never treat it like a business. If you treat it like a business, you will get nothing but loss here.

I don't think there is a game like that in any casino so far that I've visited, because basically if there is a game that bets luck between two possibilities, then when the bettor will lose his bet when he loses, while when he wins he will double his bet, and that's usually what happens in a game of two possibilities. Maybe from the user or gambler's side who plays as you said, they can get benefits from the game, but I don't think any game maker wants to make a game like that, maybe because it is less profitable, although it might also attract a lot of attention from potential players of the game.

It doesn't matter what you think the outcome might be you are going to win if you are lucky and also lose when you get unlucky. It's possible for you to make profit but winning in the long term is kinda impossible. Coin flip is game of luck and Chance. It's possible to start with 10 dollars and flip up to a a hundred in few minutes it's also possible to start with a hundred dollars and lose everything as well.

How about your first flip is a loss and your $10 is lost? The chances of you winning is literally reduced to zero is that happens except you would.have to deposit again. Fact is, we can't always be certain what would be the outcome of any casino games we just want to play and try out luck it's as simple as it is. I've seen many casino games that looks very interesting at the beginning and when you decide to stick to it for a while you begin to find some difficulty enjoying the game because it's becomes more of losses.

If the person continues with your narrations definitely the person is going to profits from it.However if there consecutive lose instead of winnings, them the gambler will definitely not profit from it.Gambling is a game of luck and as such why making some speculation which also thinks the reverse side of it because things may not always go the way we predict. So I think one can only profits from the scenario you just described if there is luck on the person side ,if there is no luck on the person side even after playing for infinite time there won't be any form of profits.

Coin flip will be the most difficult to cheat in, regardless if you are playing against another player or against the house, the house endge could inpiard the game results in favor of the house  but to say that a player could cheat in this games, is definitely a hard thing to succeed in, and some time we need to stay guided and knowing what we believe in, not just what is being said by other online regarding a game vulnerability.

This is the same as playing dice. You keep on rolling with the prediction above 50 and below 50, in which the bet amount gets doubled. Going above 75 means the bet amount gets tripled if won. This is all about the assumption, and is there any strategy with which it is possible to have consecutive wins and losses? In simple terms, you can't make any calculation and go for the choice of heads or tails because different platforms have varied algorithms that run in the backend. Everything is upon luck. Some might get lucky and turn $10 into a million dollars in less than 20 rolls or flips. Those are very rare to see.

The rules of playing in a casino are that the longer you play your chances of winning diminish because the house edge will eventually catch you. I don't recommend playing long with the hope of maximum profit because it's not going to happen.
I don't see the logic of the formula; there is no edge for players in every luck-based game. People think Martingale is advantageous to players until they try it and get busted

I am trying to calculate that before losing the whole $10 with this type of ratio for every set, it's going to take a while.
So even in the last cent, I guess that someone is going to enjoy this and the gambler himself will be just the one to decide to stop it wholly.
But to say that if this is going to be profitable, it depends on how you know yourself well. If you like staying longer, you know that it's not going to be.

Things won't happen according to our expectations. In fact, it's much more difficult to make a profit in the long run. Even getting a winning streak in a coin flip is difficult. A small percentage of people may be lucky enough to make a profit in the long run, but they lose because they don't set a winning limit. What we should think about is not whether we can benefit from the game, but rather, we should set a winning limit and stop once we've won enough. Otherwise, the profit will be gone in less than 30 minutes.

Yes, making a profit out of this type of game is possible, and the best way to make a profit from the game is never to be greedy. However, the risk and the chance of winning are both high which will make alot of gamblers find winning through the game to be impossible because this is total a mind game which is mainly good mature gamblers that can control their buzz, aand also nkow the right to leave when the game is in their favor.

You are absolutely right bud, in every game that winning and losing is purely based on luck, casinos always have a higher edge when it comes to winning than the gambler, this is because at the very start, probability of winning or losing is usually 50<>50 for both the casino and the player, but then, a house edge then applies for the casino which significantly raises the casino's chances of winning, thereby as well reducing the player's chances of winning.

So let's say with luck and a house edge, a casino may have up to 70 or more percentage of winning while the gambler will have to make do of whatever percentage that is remaining, this is why for the gamblers, it easier to lose money than to win it when it comes to gambling.

That is the keyword there, and maybe it's the control as well. If you have like a winning run of 3 consecutive and you have been rolling your money, it might be good though. But maybe you think that you are luck and using a smart strategy and so you continue and look for big money. But for smart gamblers who really knows what would be the outcome, then maybe it will be just enough to make a successful 3 win run and then quit and stop. I also have heard this kind of strategy to a old gambler. His story goes that he will go on a land base casinos and will just allot a little money. And if it rolls and win, then he will stop immediately and then go home and never look back.

Exactly what I was trying to say too in my first suggestion, after winning the first hand, and he still wants to continue trying the strategy whether it will work or not, he should withdraw the first profit he made and continue with the first capital. So that when he lose, he will only lose the capital he had and yet be left with the profit he made. If he doesn't make the withdrawal, there's a high chance that he can lose it all during a losing streak.

Control is indeed the keyword because only a gambler who can control his/her buzz will be the one who's not greedy,  which is what makes a smart gambler.
Having said that, according to how the OP makes an explanation about the game, it is a game that doesn't involve the use of any strategy because it a totally luck based game.

This isn't new strategy, I believe this one had been discussed on the other thread years ago.  This is a variation of martingale strategy and whether it is a good strategy depends on the players timing to stop.


Definitely one can make a profit out of this betting strategy if and only if one knows when to quit.  The problem with this strategy, just like the same with the normal martingale strategy is that the game seems designed to increase the number of consecutive losses the longer the person play.  That is the no.1 problem with this kind of strategy, so in the end the player still ends up with nothing if he continue his gambling session enlessly.

After winning from this strategy they stop maybe it's a good one --- but the thing is where players usually get more addicted if they are given a win but it depends on their strategy to stop or continue because we know after continuing the game any strategy will be useless they will only regret it after losing everything.

From the experience I have had so far with casino games it's useless to have a target because winning is only based on luck, it's possible that you might exceed your targets and it's also possible for you to lose when you try to hit your target. That's why it's always best to stop whenever you are in Profit, it doesn't matter how much it is, a win is a win. If you are not satisfied with your profits you'd always want to chase more

With the comprehensive explanation given by a member of this forum, I agree with him that there is no strategy that is profitable in gambling. Any strategy you want to try in gambling, you should based it on luck and only practice with the amount that is not too oversized. If you practice with a massive amount and you lost it, you need to take a break. Gamblers that have practice this method before your interest arose have already shared their thoughts and experience, you can still try your method and publish the result here.

You can't make any meaningful gain from this type of game that you are narrating here because because it's certain that you can't consecutively win up to three times straight so I can't say that this type of game is really profitable the game of dice is a game of chance and luck so so there is thesame chances of one losing and thesame time losing so there is no special strategy that one can employ that can work here

This can certainly be an effective strategy, you keep gambling with a certain amount of money according to your ability to lose, and keep aside the amount of money you will win while you continue playing, and keep gambling using only the amount of capital you have determined, and if you lose it, stop gambling immediately, and enjoy what you have win.
This type of thinking is certainly a positive way of thinking, through which a gambler can effectively enjoy gambling, but there are many people who after winning a little at first, get overly excited and continue gambling continuously with the capital including the amount of money they have won, as a result, they lose not only their capital, but also their profits. In fact, the end result of this type of thinking is only disappointment, so think about how to make gambling enjoyable, gambling is only for entertainment, so a gambler should try to enjoy it only.

He did not say he withdrew his money but he continue for more. He likes the fact that he is still lucky but as we know it, it is not permanent. So, it is still better to secure what we already have. He can toss the coin infinite times but he didn't realize that we can also play other gambling games unlimited times. The only thing is that, casino sets a limit of how much max bet we can make, same goes for the profit that we can win.

So, there is no way that we can beat the hell out of them. Add in that they also have a house edge like you said there. Coin flip may be simple and some people likes simplicity but for me, I think it only drains my balance quickly. So I prefer games that are a little complex, to enjoy the time I spent in the casino well.

It won't be that easy, the winning streak you said is hard to come by, considering the odds are still 50/50 which means purely based on luck rather than any analysis or pattern. on the other hand, it is likely that you will experience a total loss at the beginning before you think you can multiply your money, in my opinion the risk you face is greater than the chance of profit, even if you get a profit, it will not last in the long run.

Your hypothesis makes it seems like coin flip games are that easily to get out money doubled with. Such game as this doesn't have anything to do with strategies, you just have to fli the coin and hope you're lucky to have a head, but having to get consecutive heads is just not simple even if it's possible to be happen. You could even be having a head and tail sequentially or a tail all through.