Gambling is like a circle, you start with 0 profit and keep on going around the circle and start earning profits and a time comes when you have some good amount of profit but you still want to complete the circle and you reach the same starting point where the profit comes back to 0 and if you keep on following the circle your loss increases   I dont think this is how its works, yes sometimes you feel that you are in bottom and hope that you will end up winning and reach higher position but in the reality you wont even have a chance to reach higher because most people using big balance to reach higher meanwhile people that play using low balance will always in bottom If you measure profit in absolute amount, then yes it is more likely for you to make a profit of 1 btc if you have a bankroll of 10 btc than 1 btc. But if you measure profit in %, then it is equally hard for you to get a 10% profit or to overcome a 5% loss regardless of your bankroll. |
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Is there a kind of risk management strategy that works in connection with gambling? E.g. if you speculate in the real market on the price of a stock you can define entry points and stoploss points. Even you can decide to risk only predefined % of your capital in one transaction.
Is there a kind of similar thing in gambling or is it needed anyway?
Not sure what you are looking for exactly, but you can control your bet size freely in each of your bets. If you want to risk only 5% of your money in the next bet, you can directly choose that amount as your bet size. Also, there is something called Kelly formula https://en.wikipedia.org/wiki/Kelly_formula, which tells you how much you should risk in each bet when the bets are favourable (+EV) to you. But when the bets are unfavourable (-EV) to you, it tells you not to make the bet. Your link about kelly formula is awesome, maybe we can learn good strategy from it, if we wanna be +EV, mastering math is a necessary thing. But I think every bet is independent, how to choose when to bet big, when to bet small? Yes every bet is independent and so Kelly formula does not tell you to change your bet size based on your previous rolls, unlike in progressive strategies like martingale. Your bet size (as % of your total bankroll) should stay the same as long as the win chance and multiplier are unchanged. |
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Is there a kind of risk management strategy that works in connection with gambling? E.g. if you speculate in the real market on the price of a stock you can define entry points and stoploss points. Even you can decide to risk only predefined % of your capital in one transaction.
Is there a kind of similar thing in gambling or is it needed anyway?
Not sure what you are looking for exactly, but you can control your bet size freely in each of your bets. If you want to risk only 5% of your money in the next bet, you can directly choose that amount as your bet size. Also, there is something called Kelly formula https://en.wikipedia.org/wiki/Kelly_formula, which tells you how much you should risk in each bet when the bets are favourable (+EV) to you. But when the bets are unfavourable (-EV) to you, it tells you not to make the bet. |
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NEW #1 mrs.van.braam 157 bets ==>110.34% Whouaaa! Bravo, Congratulations  It is just the first week, but the competition is already a lot more fierce this time. Unlike the last round, the difference between the first few spots are pretty small and thus we could probably a lot more changes in the ranking in the coming weeks. |
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Nobody can make "Fergie" story, especially not Mourinho. Wenger is closest, but it's not like with that success. Maybe Klopp have chance if come to Liverpool, but the big question is how will the deal in Premier league, do not forget that Klopp after 2-3 success season with Dortmund, have very poor last season.
Ferguson called bad season when you finish on the 3rd place
Since you mentioned Wenger, I recall the news article http://www.dailymail.co.uk/sport/football/article-3261861/Arsenal-boss-Arsene-Wenger-charge-days-current-Premier-League-boss-COMBINED.html I read earlier today. It is interesting that Wenger has been in his position for 6942 days while all the other 17 Premier League managers (Rodgers was sacked and Advocaat quitted) have only 6938 in combined. |
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Good to see some nice honest competition here. I always check back into these threads to see who is doing the best. Wendigo killed it in the last one, I think the level of competition is so high though that anybody can win even less well known tipsters.
Good luck everybody.
For your information, in the last competition, Wendigo was leading for a very long time but lost many bets near the end. In the end, he has dropped out of the top 3 spots. https://bitcointalk.org/index.php?topic=1159253.msg12491592#msg12491592 |
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I have the same problem as you a couple of times. What I do now is that I always copy my "blocks" and "chainstate" folders to my external HDD every week. So in the worse case scenario, I could copy the files back from the external HDD and re-download 7 days of blocks. It does not solve the problem but at least ease the pain.
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Excluding the bets made using faucets, giveaways and no deposit bonuses, my total wagered is about 1.5 bitcoin and my profit is about 0.05.
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What is your max bet/win? Is there any way you can remove the max number of bets and roll forever?
A message of "Bet is larger than your balance. Change your bid or payout. Max win is set to: 0.7 BitCoin." is shown when you enter a ridiculous high bet size. So the max bet should be 0.7 btc. EDIT: Ouch, the site owner has made his reply faster than me. |
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What an awesome start by Arsenal, 2goals in the first 7minutes. Just need one more goals to win my bet And I see Van Gaal use unusual formation in this match. Like Schewni + Carrick and Memphis + Young at the same time.. Wow you now have the third goal in the 20th minute by Sanchez. Congrats for winning your bet, and you can switch to another chaneel or turn off your TV lol. |
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I accidentally deposited the sane amount twice in cloudbet so now got to wait until they manually cancel one until I can withdraw.
Is it related to the recent "malleability attack" on the bitcoin network or did you actually make two different transactions yourself? |
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At the moment of posting, I am making a bet on sports on nitrogensports and playing dice on safedice. I have also used 777coin, bustabit and primedice this week.
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Dortmund +1 is a great bet. They are unbeaten this season and should be able to force a draw against Bayern Munich.
Bayern form is impressive but only Dortmund can stop them.
IMO, it really depends on Lewandowski's performance. If he is on fire again like in the previous matches, it could be another easy win for Bayern Munich. |
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If you are referring to purely luck games, then yes gamblers are going to lose in the long run. But if you are referring to partly skill partly luck games, then it is not always the case. Very few people can be professional gamblers and getting constant profits, but it is not very hard to be good enough to break even.
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The Most Safe Bet Today is Double: Chance Everton FC - Liverpool FC ,as both Team are Very Furious and anyone can win , But a Draw cant Happen , so Bet On Double Chance.
The final score is 1-1 and thus a draw can and does happen. Once again this shows us nothing is impossible in gambling. |
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Chelsea will probably win today but I don't bet on them.
Too unstable.
Great decision. Not only Chelsea lose the match, they even have less shots and corners than Southampton. I honestly have no idea how Chelsea can play so bad this season when there is very few change in their squad. |
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Strongly disagree. To most of the gamblers, gambling gives a negative expected value and so it should be done for fun and entertainment. You should never gamble too much of your money, let alone gambling all of your money and borrowing some more.
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Dennis7777
Thanks for the promo
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