Bitcoin Forum

Let's do a challenge. So, most people experience a crazy lose streak while gambling using the martingale strategy. How about using it to your advantage for once. Let's all use 1 mBTC on a site that we decide on, and all agree high or low, place the bet at 2x and play until someone reaches 1 BTC.
This would work like this;
Bet 1: 1 mBTC / 0.001 BTC
Bet 2: 2mBTC / 0.002 BTC
Bet 3: 4 mBTC / 0.004 BTC
Bet 4: 8 mBTC / 0.008
Bet 5: 16 mBTC / 0.016
Bet 6: 32 mBTC / 0.032 BTC
Bet 7: 64 mBTC / 0.064 BTC
Bet 8: 128 mBTC / 0.128 BTC
Bet 9: 256 mBTC / 0.256 BTC
Bet 10: 512 mBTC / 0.512 BTC
Bet 11: 1024 mBTC / 1.024 BTC
You would need 11 consistent wins. We've had 20 lose streaks rolling on one side, why not 20 win streaks.
If you'd like to participate, leave your username & vote on a site to use in the poll.

• Primedice
• Rollin.io
• Bustabit

After a few days we will decide on the site to use, and start. This is just for fun and if someone is lucky they'll get * 1000 their initial deposit. Would be fun to see if anyone is that lucky.

i dont  understand

this strategy for lose
you love all your money with this strategies

You'll only be at a net loss of around $0.40 if you lose.
This is just for fun and for people to try their luck, you don't even have to stick with the 11 bets on one side. You can bet high low high high low low low high etc, whatever you choose to see if you're lucky enough to win 1 BTC. Who knows, someone might win.

i saw something similar but it wasn't like this. so stop copy pasting.

Its not easy to win 11 in row in dice and i don't think anyone will ever follow this. Op try to come out with a unique idea if your idea good enough people will definitely follow  :)

Lol useless tip,Only 1 out of 10000 people may get success from this strategy and that too if he has high luck and even after that,total loss of all the users will be more then the win of that person so in the end of the gambling site will have the edge over profit. :P

This isn't a strategy or a thread to follow and it's not copy and paste.
It's a contest like thing, where people enter and on a date we all start with 1mBTC to see if anyone is lucky enough to win 1,000 mBTC. It's possible, and if you bother entering raffles - well you have a better chance at winning like this than you do winning a lottery/raffle.

The amount of pessimism here, makes mine seem small. What is wrong in trying, its all in good humor. I once got ~25 win streak at 2.5x but unfortunately stopped increasing my bets after the 6th one thinking I'd lose any moment then

It is not pessimism, it is realism. We all know that winning this kind of streak is almost impossible. So what if our initial contribution is very low?
As you said it is only to see how much you can get from it. Totally for fun.

Almost impossible? Not really. It's not as hard as you think. If you're lucky, you'll get it. Just pick randomly and you might do it. I just did a 6 high streak, continued by a 2 low so basically I got an 8 win streak. Sadly it was using faucet on rollin. Besides, winning the lottery is almost impossible but people still do it, don't they? Not because they think they'll win, but because of the thrill and waiting to find out what happens. People know they will most likely lose, and that's the same with this. You'll probably lose, but on the off chance you win, think about how happy you'll be. You made $400 from $0.40. Not a bad day lol

You would have to be a very luck gambler to win that 1.024btc or even just half of it with just 1mbtc.
Be realistic, there is a higher possibility of getting struck by lightning twice than wining that 1btc.

not to easy man, like youre write  8)
sometimes we can win a lot, but we also if forwarded and continuously it will result in high-risk thing .. so beware  :P

There is no advantage for you "once" or this time. Changes are NOT 1 to 1024 to succeed because you have dice site margin. In reality you are multiplying negatives :)

Anyway - good luck. This is second "martingale for your advantage" topic today.

Once? Yes. Twice? A bit of exaggeration there, chances of being hit by lightning is 1 in 700,000(in a year, hence the disagreement in the "tl;dr") while winning this bet has a chance of 1 in 2097152 (wrong calculation) ~4100. You have a 200x more chance of being hit by lightning, than pulling off these sets of bets

Not really. If I did my math correctly (probably not, too tired) than the chance of getting struck by lightning twice in the US is 1/1,920,000. The chance of winning something like this is far greater.

its possible, i once experienced before having 14 winning streaks at x2 , with martingale and 100 satoshi base bet only though,  so i didnt manage to earn a good profit. by the way, what made you think its (almost) impossible?

Sry no way your ever ganna get an 11 win streak... Rigged against you. Dice is bad mmmmm k.

Everything mexxer has said is on point, but talking about chance is a tough job - you can either get struck by lightning every single day for the rest of your life - or never. Probability is a complex thing to talk about.

A lot of "win streaks" threads have been popping up recently, too.

In my opinion, that there is a new site for profit. But now it is closed


the site is dadice.comWho would have known’

high faucet

It is not impossible. As stated already there could be someone lucky enough to get 11x winning streak and even if most people lose then every single one of us will only be losing 40 cents and that is not a high amount if you consider this thing is for the sake of having fun and ofcourse some luck

Heh sorry to disappoint, although the "point" I was trying to make is valid some calcs weren't . Fixed now

I wasn't looking into the numbers, just the general post. It seemed valid, the edit is too. ;D

it simply 2^9 . Could be good for  2 or 3 consecutive bet, but i think no more.

I have been trying martiangle technique a lot of time and i never win, and i always check the dice result, there is never been 11 winning streak the best i got is only 8

so i think with this technique you will lose a lot of money

Isn't it 0.5^11? Because 2^9 is equal to 512 which has nothing to do with this.
0.5^11 = 0.00048828125 meaning there is a 0.00048828125% chance of winning 11 times in a row on one number, better chance doing choices randomly.

I think it's a funny challenge, and I will think about it. The only problem I see now, is that I think I would probably stop at bet 7, or for sure I would stop at bet 10 xD

Taking house edge into account(1% for most sites) , its 0.495 not 0.5 and if you're playing on crypto-games.net its 0.496 and safedice's would be 0.4975


P.S: Seems I messed up in my last edit fix too, damn thats what happens when you try multi-tasking coding with thinking about something else and calculating in the same time.

I have also heard about martiangle technique but don't know what it is actually and also have come through different negative review about it. I think most of the people who have tried it just never gonna try it again. Also this thread is quite confusing for me  ???

not is impossible (because nothing is impossible) but i think you have more  chance of being hit in the head by a meteorite which "transforms" 0.001 btc to 1.024 with this method

I never had winning streak more than 8 with 2x payout but it doesn't mean if i never had than nobody can have i saw there some people have it sometimes more than 15 in a row but it is really to have fun there with 1 mbtc.

have you try this strategy before,with your friend?how was that?and how many person can participte on this game?i like play on betcoin and primedice,that two really good for me,have you try to play there?

This is even more unlikely than another similar thread I just saw. These kind of attempts nearly always fail.

Chasing huge odds often ends with failure, I think it's better to aim for realistic odds.

Indeed, aiming too much profit (being greedy) on gambling will always end in losing our main bankroll. Aiming x2 from starting bankroll is more than enough for me.

its doable in my opinion but it would be really hard and most probably you would even loose more money than you would make profit with this strategy

Quite right panjul. I'd rather double or treble my money & have a very good chance of achieving that.

Obviously a bet with massive odds is great if it comes off but how often does this happen? Not very.

Most people would get unlucky and for our 20 loss streaks, you usually get a lot of small win/lose streaks before.

Odds look amazing, how likely is it to bare fruition though?

Not happening if you ask me, is the OP a great gambler?

very good strategy but impossible to do it and you will need lot of luck for your method

because i considers only lucky person could be made 1.024 btc from 1 mBTC

Some of you have got this wrong, it's not me who's going to do this my self.
You can enter if you'd like, and on a set date we will all attempt the challenge with 1 mBTC.
11 consecutive wins on 2x odds on a dice site.
If you'd like to enter just post & I'll add you to a list, and you can vote for the site you want to use in your post.

Wow, well, 11 wins it's only if it's more than 44 as value, that would be possible in having some sort of good streak.

That's strongly hard that this strategy could work, maybe you can arrive at bet 4-5, maximum 6, but you surelly will stop at bet 7-8. But if someone reach, he/she will be my God :D

Nope he isn't. He seems as legit as his winning strategy.I could write an entire paragraph explaining him probabilities of winning 11 streaks in a row but too exhausted .To sum it all up,this is never going to work out,if you ask me in special conditions,it might just,once in 10 years.Though OP can always deposit his own money and try the trick out instead of mass appeal, he seems too scared to take the risks.I have tried something exactly similar with rollin.io with winning chances of x99 and played it for month,everyday 0.0001 btc's and 10 rolls.Exactly on 20th day I hit the wins.So yeah it is possible.  

I have, but I am not sure I can get it, I am also including the less fortunate in the gamble, so I'm not sure  :(

very difficult to get a winning streak on chance 2X. This way will never succeed. even in this way have a high risk of losing a lot at once when you have reached the bet 8-10

Just for fun I decided to try this strategy on PrimeDice. Well, I failed on the Bet 3. Actually I think 11 consistent wins is too much to hope for. I had 8 consistent wins on 2x once, but it was only once in more than one year.

Nevertheless I wish good luck to those who will try it. Maybe someone wins. Who knows?