There are no actual 100% safe methods to gamble, but you could try martingale. If you have a large enough bankroll, it's almost impossible to lose. Let's say you martingale with 1 bitcoin at a 1 satoshi base bet.
If my maths is correct (I actually have no idea if it's correct or not), you should be able to cover about 20 losses in a row. How could you roll wrongly 20 times in a row!? (It's actually possible, I've lost 15 times in a row before xD)
i would say martingale is one of the 100% unsafest methods in gambling, especially in the bitcoin casinos where the house edge is a thing. take into account that with martingale, most players are going to be putting in thousands, if not tens of thousands, of bets over a long period of time. 1% edge might not seem that important, but mover those thousands of bets, it really makes a difference in the long run. There are actually no unsafe methods either, a method cannot be safe, if by safe you mean a method that allows you to bet more before busting it still doesn't make it better than martingale or other method. High risk high reward, low risk low reward, basically the odds will always end up being the same at the end of the day. |
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I see his user name above already but he is still at it and continues to barrage the forum with his 1 liners CPULoyal1 page of all Off Topic posts and all 1 liner with 4 words in 1 post https://archive.is/ImlKdThe mods are banning the spammers, you can check the users on the first post, 90% of them are banned, their last posts are from 8-10 of november, is Imlkd on the first post? I think mods are only looking at the first page and it takes time for them to look anyways but im sure he will get banned sooner or later. |
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It hasn't failed for me, the value is still increasing as we speak
Well before saying anything, the price is not really what makes bitcoin fail or succed, now having said that OP obviously meant that bitcoin lost a lot of its value. The price in 2013 was peaking at 1200$ and now is around 300$, yea it is increasing now but not increasing overall since the price was already way higher than 300$ |
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I would say if u play dice, stay away from primedice, I get almost every day streaks like 10-20 looses.
Typical gambler's dellusion here. First of all your personal experience means nothing, primedice has provably fair, you can check all your rolls and check if they are legit besides if you lost so much why would you keep playing? If a casino has provably fair, a legit provably fair system and you verify each roll you can't be cheated. |
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tell them about bitcoin is ease to use.
Bitcoin is a great alternative because of the ease of use, ease of storage, security of storage,and it's also the only thing in the world you can send halfway around the world in less time than it takes to snap your fingers, and for free.
But unfortunately bitcoin is not that easy to use, besides they will probably want to exchange the bitcoins into cash sooner or later, there are systems for online business but for physical business using bitcoins is a bit more complicated. |
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bitcoin is relatively safe, in the long term, don't look at the short term, plenty of manipulation going one, bitcoin need still plenty of time to grow
when everything about its problems will be settled, i beliave you will see the real usage of it, big merchants are waiting that after all, no reason for them to not accept bitcoin
I wouldn't say bitcoin is safe in the long term. Imagine someone bought bitcoins at 1000$ and after a few years they find out the price is at 300$, do you consider that safe? Of course not because it's not. my definition of long term wasn't 2009-2013, but 20 years like satoshi proclaimed with his quote, so the last ath does not count anything at this point, wait for 2030 and if by then you still have to overcome the loss about the 1200 ath then you might be right I would say that any investment that takes so long it's not worth it all. 20 years is a massive time lapse, there is no way to know what will happen with bitcoin or even with the world in 20 years. What if bitcoin only goes to 1000$, would that be worth it? No, I mean you would obviously look for something like each bitcoin to be worth 10k at least and you don't know if that will indeed happen. |
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$100 = 0.2840 Bitcoin.
I went on Primedice.com
This is the method that I was using.
Bet: 0.0001
Payout: 3
Every time you lose, increase your bet by x2.
Set the dice to over 66.6 & alternative after every few wins.
Be safe, and remember that there is no 100% way to win.
I lost half of it because I didn't realise that I started with 0.01 & lost after a few.
This is risky than I done before. If you lose, 11 times a row , say goodbye to $100. In my case , I lost 18 times a row 3 times. What do you mean by ''risky'' When you are gambling there is always risk. There is no ''safe'' strategy. It goes like this: (High risk, high reward) or (low risk, low reward) If your goal is to make 1 Btc profit, for example, it does not matter what strategy you pick, the odds will end up the same in the end. If you pick the low risk low reward strat, you will have to play more rolls in order to get to the goal so in the end you end up having the same odds as the other strategy |
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The advantage offcourse is fun while doing it and the profit.
If you play with little money you will be happy since you had much fun, and in the worst case a little lost of investment.
It is not fun for some people. They gamble and gamble hoping to get a motherload of coins/money. So if you leave fun out, you will get a reason everybody will embrace.. Money... Well money being the advantage is a good thing the twist is that you have more chances to lose. Lottery for example has more advantages because with a small ''investment'' you can get incredible high reward, the odds are extremely low but you are also spending almost no money. |
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Noone can guarantee you that the price of BTC won't fall.. In the end.. its an investment like any other.
Not all investment can give high ROI like Btc can give. Implying that other investments than bitcoin wont give high profit, how do you think all millionaires and billionaries in the world have achieved what they have? Investing in bitcoin? I don't think so. |
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No one should be keeping any more than a very modest percentage of their wealth in BTC. The potential is there for massive success or total disaster.
How do you define the total disaster? I know that this system is still in toddler shoes, with little little to no testing done on it (just comparing, to events of the future.). However if there was a disaster on bitcoin we could just fork off the chain before the disaster happened. So far this system has been proven to be the most robust system in the whole world. There is no shortage of people trying to brake it, to unlock pretty much unlimited wealth for themselves. However I agree that there is no telling what the future will bring. I think what he meant with total disaster is the price going really low, imagine 10$, you bought 100 bitcoins at 300$ and now they are worth 10$, you will still have some money left but basically you lost everything and this can happen, we have seen bitcoin going from 200 to 400 in a matter of hours, the same could happen but in reverse so unless you have the bitcoins in an exchange ready to sell at ''x'' amount to avoid loses you wont benefit from having bitcoins |
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This strategy is actually incredibly risky. You would only be able to survive a streak of 12 losses before busing, however you are expected to lose two out of every three rolls, so you would only be able to survive a loosing streak that is 4x of what is expected (over the long run). If you were to increase the odds of winning (by lowering the payout) to something closer to 40 or 45%, then you would be able to survive a longer streak of losses, verses how often you are expected to lose.
Either way, martingale can be risky because of how quickly losses can add up, which makes it difficult to take gains after a loosing streak, because after even a moderate loosing streak you will often be in the red.
In the end the odds will always end up the same, I mean high risk always comes with high reward and low risk low reward. When you use a strategy to survive more you are also winning less and in the end you will have to play more meaning that you will end up having the same odds of loosing as using the high risk strategy. |
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Nearly all casinos are nowadays filled with games of chance, and in all of these you have some chance of winning. However in nearly every instance the odds are in the house's favor. While you might get lucky occasionally, it's statistically impossible to win in the long run unless you cheat/have someone else cheat/card count/steal money. However there are a couple of notable exceptions to this rule, and by playing smart you can maximize your chance of walking out ahead.  One thing for sure, try to avoid roulette, keno and slots. These games involve very little skill, and the house always has an enormous advantage. Whereas, you can try playing Blackjack. The key is knowing the odds that you will hit the desired sum and betting on those statistics conservatively. Some variations of blackjack can actually give player the advantage (although this is rare). Finally, use your brain and don't gamble more than what you are willing to lose. Well casinos always have been filled with games of chance, that's why they are casinos in the first place. Although blackjack can have low house edge if played perfect you can find bitcoin dice sites with much lower odds and you wont even have to play perfectly to get them, even 0.1% house edge. |
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I guess gambling can give you incentive to learn more about statistic, also give you some more knowledge into how fairness work and more about how casinos make money
actually statistic is just for fun. most of the people already know the probability is going against them and yet they still bet in hope to win something. If any one want to learn statistics then just google it you will find lot of details for that no need to go for gambling and no one is gambling to learn statistics. I think gambling will give a lot fun if one uses it correctly and during this fun time some time one can make a big money also. Yeah but people think statistics and probability are boring and when you gamble you find that they are actually not boring at all, of course people could learn by themselves but gambling can indeed make you like math a little bit more. |
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This is nonsense. Bitcoin did not fail. Bitcoin has succeeded long ago. Just because some think Bitcoin needs to be valued over XXXX$ and accepted by everyone, everywhere that doesn't make it so. Bitcoin has succeeded already and is slowly gaining pace. Change is very hard for most people. You should change the thread title (e.g. Did Bitcoin fail to meet expectations?); else this could be seen as a FUD attempt because of the misleading title.
It did not fail but it did not make much progress either and i'm not talking about the price but rather the stability, of course the price going down didn't help either and the volume of trades hasn't gone up that much |
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bitcoin is relatively safe, in the long term, don't look at the short term, plenty of manipulation going one, bitcoin need still plenty of time to grow
when everything about its problems will be settled, i beliave you will see the real usage of it, big merchants are waiting that after all, no reason for them to not accept bitcoin
I wouldn't say bitcoin is safe in the long term. Imagine someone bought bitcoins at 1000$ and after a few years they find out the price is at 300$, do you consider that safe? Of course not because it's not. |
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What will happen if someone gets promoted to other rank in the middle of the month?
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This is a sure way to loose your money.
Why is people bitching about this? When you are gambling with a -EV you are always going to lose in the long term no matter what strategy and his strategy is not worse than other strategies so what's the big deal? |
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I'm not very greedy at all. Personally mostly stick to poker.
An poker players are not greedy at all. Greed is one thing but logical thinking applied to your gambling is another. Of course I want to 'win big' therefore I am greedy but I would never jeopardize my betting plan. If I am out of my gambling budget and I lost - I quit immediately. Will some poker player are greedy, but those ones are just not patient about it. They want to win fast. Poker can make you lose faster than other gambling games because the all-in possibility is appealing a lot of times when you have a good hand so yeah, poker players are just as greedy, profesionals ones not so much of course. |
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I use 1.65x martingale some time on dice and it works well...
But you always need to be careful!!
actually any martingale will get ur profits in the short run but as u drag it longer, u will eventually lose. so all the best. dont over do it! and congratz on ur winning. Actually totally false, you are implying that short term martingale is better than long term, that would make no sense, if a strategy works short term it should work long term too. |
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Hey, would like to participate:
Rank: Full Member
Posts: 495
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