Bitcoin Forum

Economy => Gambling => Topic started by: Prolifik on May 01, 2014, 03:04:52 AM



Title: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Prolifik on May 01, 2014, 03:04:52 AM
Deposit at least 0.02 BTC

Use the automated betting.
Bet 4x payout - 50 satoshi per roll - increase bet 50% on loss - On win return to base.

Set the number of rolls to something really high like 99999

Stop and cash out after you have doubled. Or even before, it gets sketchy when you're close.

This has doubled my money every time I've used it. Like any betting system this is not guaranteed and you can lose.

Posting this cause I'm sick of losing money on primedice, It's their turn to lose some money.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: coinnewbit on May 01, 2014, 03:06:47 AM
I am skeptical, will try it though. Will this work with 0.0001?


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Prolifik on May 01, 2014, 03:10:02 AM
I am skeptical, will try it though. Will this work with 0.0001?

Try it with 2 satoshi instead of 50 it should work for you.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: eyfa on May 01, 2014, 03:13:29 AM
But I was working on Classical Martingale system in several years now. I was trying to answer that big question and was trying to find betting system wich can help me to beat the system. I need to be honest and see that I never find 100% sure way to make that money. I would then probably be on another place right now if I could. But I created my own system which is not 100% surewin, but I think that it can work on long term much like your doubling method.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: coinnewbit on May 01, 2014, 03:35:32 AM
But I was working on Classical Martingale system in several years now. I was trying to answer that big question and was trying to find betting system wich can help me to beat the system. I need to be honest and see that I never find 100% sure way to make that money. I would then probably be on another place right now if I could. But I created my own system which is not 100% surewin, but I think that it can work on long term much like your doubling method.
what is it? I'm interested


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: coinnewbit on May 01, 2014, 03:51:38 AM
Update. Immediately after I doubled my 0.02, i lost all of it. Not much to say other than this strategy only works for a while


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Prolifik on May 01, 2014, 04:57:02 AM
Update. Immediately after I doubled my 0.02, i lost all of it. Not much to say other than this strategy only works for a while

Yeah I should have said it starts to get sketchy when you're close to doubling.

PM me your btc address I will try to refund some of your lost btc.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: coinnewbit on May 01, 2014, 05:03:09 AM
No need. Just wanted to analyse the gambling system. Thanks for introducing, I manahed to win it back.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Nobitcoin on May 01, 2014, 05:56:46 AM
Straight lost my 0.02... If using the bot to always win was so simple  ;)


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: pabpete on May 01, 2014, 07:17:20 AM
Math is so unpredictable. I have a similar strategy. I start out betting .001 for example with a balance of .01. Put it on 10% and press your luck! You can add coin up pretty quick this way IMO.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: coinnewbit on May 01, 2014, 07:20:25 AM
Math is so unpredictable. I have a similar strategy. I start out betting .001 for example with a balance of .01. Put it on 10% and press your luck! You can add coin up pretty quick this way IMO.
Wow, i think thats the fastest way to lose your coin.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: arahman47 on May 01, 2014, 07:29:40 AM
I will try Thanks


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Light on May 01, 2014, 07:46:50 AM
But I was working on Classical Martingale system in several years now. I was trying to answer that big question and was trying to find betting system wich can help me to beat the system.

Please don't waste your time. Unless you can actually prove that 1=2 you will never be able to 'beat' the house in the long run (try running a simulation on any 'strategy' at more than 1 billion rolls and I'd bet my life on it that you'd be in the red) as the premise of it is probability mathematics. Long term the edge will get you - your only hope as a bettor is that variance in the short term is good o you.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: d2dtk on May 01, 2014, 08:07:46 AM
There goes my coins. It was fun while it lasted :)


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: gondel on May 01, 2014, 08:32:13 AM
Hi,
This is not completely sure, it is something like half martangle half another betting system.
BR,
Gondel


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: goose20 on May 01, 2014, 08:33:34 AM
Deposit at least 0.02 BTC

Use the automated betting.
Bet 4x payout - 50 satoshi per roll - increase bet 50% on loss - On win return to base.

Set the number of rolls to something really high like 99999

Stop and cash out after you have doubled. Or even before, it gets sketchy when you're close.

This has doubled my money every time I've used it. Like any betting system this is not guaranteed and you can lose.

Posting this cause I'm sick of losing money on primedice, It's their turn to lose some money.

Ummm... Re-read the bold type, you aint winning if your 'sick of losing'..


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: omahapoker on May 01, 2014, 09:22:52 AM
I might have to tey this


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: deadley on May 01, 2014, 10:06:11 AM
let me try your strategy in LN and PD.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: DeboraMeeks on May 01, 2014, 01:53:00 PM
There is no method for making money on primedice or any site


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: zx81 on May 01, 2014, 09:46:36 PM
A martingale strategy is where a winning bet will cover your losses from previous bets. Often this is 100% increase on 2x, but you can do any kind of bet/increase such as 200% on 1.5x, 25% on 8x, 1000% on 1.1x or as the OP suggests 50% on 4x -- the winnings on all of these combinations cover the losses.

The trouble is that the probability of doubling your money does not improve with whatever combination: With a bankroll of 1500 sats, it'll take 15 wins of 100 sat bets at x2, without ever sustaining 4 consecutive losses. However, the odds of this happening are never greater than 50% (even without house edge), and the odds of going bust are... care to guess?... never less than 50%.

Chances of 4 consecutive losses at 50% odds= 0.5 x 0.5 x 0.5 x 0.5 = 6.25%
Chances of this not happening (ie. winning 100 sats in less than 4 consecutive losses) = 93.75%
Chances of this not happening 15 times in a row = 0.9375^15 = 37.98%
Chances of "Your balanace is too low to make this bet!" = 62.02%

When you factor in house edge, the odds are slimmer than making a straightout bet of all your bankroll at x2. It is for this reason that site owners are very happy to include automated rollers for your gambling pleasure.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: monbux on May 01, 2014, 09:57:47 PM
Lost my 0.1 BTC ;D  Oh well, dice sites always seemed to hate me :(


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Bit_Happy on May 02, 2014, 12:50:05 AM
If you stick with money you can afford to lose, and consider this fun, then it is possible to win frequently at Primedice.
For a balanced portfolio make sure you do a healthy amount of day-trading alt coins.  :D


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Mobius7 on May 02, 2014, 01:31:38 AM
There is no winning strategy at all if the results are truly random. :)


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Qwiner on May 05, 2014, 11:45:36 AM
There is no winning strategy at all if the results are truly random. :)


I think U got it wrong. It should be:

If the results are truly random, there is a winning strategy.
But because the results are NOT truly random, >> U WILL END UP LOSING.

People if U want to try out any betting strategy, U don't need to make deposit to try out. Currently, U can play a tournament with fake BTC.01 @ sato-dice.com and win some real BTC OR fairproof.com.

I've been looking for EFFECTIVE betting strategy for like 2 years now (including the strategy specify as the topic of this post), but there is 0 available, although I am still looking.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Salmon1989 on May 05, 2014, 11:50:19 AM
There is no winning strategy at all if the results are truly random. :)


I think U got it wrong. It should be:

If the results are truly random, there is a winning strategy.

Why and how?  ???
If the results are truly random, you will always lose on average in the long run due to the edge.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Light on May 05, 2014, 11:54:17 AM
I think U got it wrong. It should be:

If the results are truly random, there is a winning strategy.
But because the results are NOT truly random, >> U WILL END UP LOSING.

People if U want to try out any betting strategy, U don't need to make deposit to try out. Currently, U can play a tournament with fake BTC.01 @ sato-dice.com and win some real BTC OR fairproof.com.

I've been looking for EFFECTIVE betting strategy for like 2 years now (including the strategy specify as the topic of this post), but there is 0 available, although I am still looking.

Either you're drunk or you don't understand the mathematical concept behind probability. There is no such thing as a winning strategy in a pure chance zero sum or negative expected value game over the long term. Many people claim that martingale progressions are a 'strategy' but in reality they are a short-term sham. I can guarantee you my house that after 1 billion rolls you will be broke running martingale. I can also guarantee you that after 1 billion rolls on any negative EV pure chance based gambling you will lose money.

Don't waste your time - it doesn't exist. Or at least spend your time learning the maths as to why it doesn't exist then you won't have to waste another 2 years.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: jonald_fyookball on May 05, 2014, 12:35:18 PM
actually the best strategy to win in a fair 50/50 bet game is this:

bet 1 unit.

then win or lose, you bet 2 units.

then 3,
then 4,
then 5,
etc.

Simply increase by 1.

Eventually you should come out ahead.
(But you may need to get to 10,000 units or more.)

With a large enough bankroll, it works and so does martingale.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Light on May 05, 2014, 12:44:07 PM
actually the best strategy to win in a fair 50/50 bet game is this:

bet 1 unit.

then win or lose, you bet 2 units.

then 3,
then 4,
then 5,
etc.

Simply increase by 1.

Eventually you should come out ahead.
(But you may need to get to 10,000 units or more.)

With a large enough bankroll, it works and so does martingale.

Your first proposition doesn't work. You don't come out ahead after infinite rolls on a zero sum game (assuming 50% = 2x multiplier). You come out exactly even having made nothing.

Martingale only works on the short term with a defined limit - try it with 1 billion rolls and get back to me if you managed to make it without busting. The problem is that even if you did have infinite money (not possible) a max bet means that your progression eventually dies if you're unlucky.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: jonald_fyookball on May 05, 2014, 12:48:54 PM

Your first proposition doesn't work. You don't come out ahead after infinite rolls on a zero sum game (assuming 50% = 2x multiplier). You come out exactly even having made nothing. 

Yes, that is obviously true.

However, there is a good probability you will be ahead at many points, any of which
you could cash out.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Light on May 05, 2014, 01:00:57 PM
Yes, that is obviously true.

However, there is a good probability you will be ahead at many points, any of which
you could cash out.

Let me clarify something - does your suggestion mean you go back to 1 when you hit a winning roll or you just progress infinitely? If you reset at 1 you're taking a loss at rolls of value greater than 2.

It's also just as probable that you are behind at any of these points.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: jonald_fyookball on May 05, 2014, 01:04:14 PM
Yes, that is obviously true.

However, there is a good probability you will be ahead at many points, any of which
you could cash out.

Let me clarify something - does your suggestion mean you go back to 1 when you hit a winning roll or you just progress infinitely? If you reset at 1 you're taking a loss at rolls of value greater than 2.

It's also just as probable that you are behind at any of these points.

no, don't go back to 1.  win or lose, just keep playing and increasing.

The idea is that there will be standard deviation, sometimes you'll be
up, sometimes you'll be down, but as you keep increasing bet size,
you'll eventually get an upswing that puts you in a healthy profit.

(Now, all this falls apart with the house edge)

Still, it is an interesting idea that I read many years ago
in a gambling book, and maybe someone will find it
"useful". :)



Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Light on May 05, 2014, 01:07:56 PM
no, don't go back to 1.  win or lose, just keep playing and increasing.

The idea is that there will be standard deviation, sometimes you'll be
up, sometimes you'll be down, but as you keep increasing bet size,
you'll eventually get an upswing that puts you in a healthy profit.

(Now, all this falls apart with the house edge)

Still, it is an interesting idea that I read many years ago
in a gambling book, and maybe someone will find it
"useful". :)



Your assuming an eventual upswing when you're just as probable to have the same downswing and possibly bankrupt yourself. It really does come down to luck - if you're lucky enough you can make n number of bets at 0.01% and win them while if you're unlucky you can lose n bets at 98%. House edge or no, variance in the short term is the bigger danger. House edge only comes into play during long sessions with many, many bets.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: jonald_fyookball on May 05, 2014, 01:09:04 PM
  It really does come down to luck 

Agreed.  That's why its called "gambling"  :D


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: elephantas1 on May 05, 2014, 05:53:36 PM
The best way to double your coins is... bet all in. Even Albert Einstein didnt manage to beat house edge so dont think you can


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Laboboy31 on May 07, 2014, 05:26:20 AM
I made some adjustments with your algo and it seems to be working.

What I did was multiply your bet by 1.4^4 after getting 4 loses in a row.

I'm currently using this algo for days and got good profits. (about 5x-6x of my investment)

Look at my spreadsheet below.

I used the formula balance/1.4^(max lose streak)

The algo will start multiplying the bet at the 4th lose streak then continuously bet until you win.

I also used 1.4 as multiplier because it could make the bankroll last longer than the previous 1.5.

https://docs.google.com/spreadsheets/d/1ESf8bNpOfu0qF4hSDpW3L8ftxHExgMkGJ1rT0qOk7CQ/edit?usp=sharing 


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Swordsoffreedom on May 07, 2014, 06:03:17 AM
Well no real guaranteed way to work but some strategies can help you get success
So glad to hear it is working for you mate


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: b!z on May 07, 2014, 08:29:57 AM
Well no real guaranteed way to work but some strategies can help you get success
So glad to hear it is working for you mate

There is no strategy.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Laboboy31 on May 07, 2014, 08:38:03 AM
Well no real guaranteed way to work but some strategies can help you get success
So glad to hear it is working for you mate

There is no strategy.
I know there is no such thing as strategy in a random number generation but do you really think that these guys will actually do 1billion rolls? That would take them a year or more if made manually.


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: Jcw188 on May 07, 2014, 01:38:11 PM
Because there is a house edge, you can't win consistently at dice unless you have a literally unlimited bankroll.  Eventually you'll have the really really bad streak.  So just don't be greedy and get out when you make a profit. 


Title: Re: Primedice BTC doubling method. Not flawless but it works more often than not.
Post by: FFrost on May 09, 2014, 06:08:47 AM
Faucet and bet 999x repeat until you hit or you can't be bothered  ;)