Yes this is an excellent strategy but the drawback of this strategy that I personally always feel is that first of all getting any profit with your main bankroll is difficult and then once you get it you feel like you own that money, no matter if you won it.

So, when you loose that profit amount you will deposit back the original bankroll again and this continues unless you win too big with your profits or you loose all ( the latter has better chances )

I believe you people are just discussing theoretically and not tried in actual gambling. Because in my experience you might need at least 365 different gambling strategies so that you will not repeat one strategy within one year. Remembering all these strategies and maintaining them will be a very big headache.

Overall I just want to say there will be no working strategy for gambling. Just gamble for fun and move on.

In average, monthly the famous gambling sites are making millions. But my question is what you are going to do after seeing how much the gambling sites are making.

If you plan for entering into online gambling business, you can start right away even without knowing how much a gambling sites are making because it will be definite profitable when you are capable of promoting your site effectively and if you are confident to provide world-class gambling experience and support to your gamblers.

There are lot of topics you can find here about what gamblers expect from gambling houses. If you can come up with at least 50% of them then definitely you can also make millions.

Mathematically we do not have any proof why one strategy stops working after some times. But I also have observed a few of my well performing strategies suddenly giving me losses.

I agree, there are a lot of factors which are deciding our results in gambling, I'm sure I'm not changing anything of those factors still my strategies are not working as before.
Honestly, I could not make any conclusion other than I am also not able to make any consistent profits from dice gambling.

I guess there would be more meaning of keeping this one the greatest gambling winning amount in title as it is still motivating many gamblers including me. It is really an inspiring amount of bitcoins. Late wishes are always happening, still I believe Wonton deserves those wishes (probably adding date might be a solution here).

Gambling is always about unlimited opportunities, when another player comes with bigger than this winning amounts, we cannot be sure Wonton has won more than enough. The real thing is how much inspiring his winning is and not about how big is.

You are right there that all the strategies are just to make the gambler hopeful and actually all the strategies work on just two basis in core : Either you bet small and try to win big or you bet big and try to win small collectively making it big. Both have their pros and cons but actually if you want to stay longer then the latter one is better !

But no gambling strategy will guarantee to get our luck in favor of us. That is the reason we are unable to find the consistent strategies for our gambling. As long as luck is the winning factor for gambling, I believe there will be no possibility of any strategy.

Seeing such thinking about gambling and house edge I am seriously thinking of making a gambling site with negative house edge. I don't have much bankroll though but maybe a simple dice site, I am more than sure that even if the edge is negative yet I will get a lot of profits since I would have a unique edge I might attract a lot of players.

What to do when I am not good at developing gambling strategy, I guess coming up with an innovative gambling site will be a good ides to earn handsomely (I guess I need to work out more scenarios on different income generations with a gambling site with negative house edge).

Though it's true that the house wins in the end but actually the house can also loose at times. I know the chances of happening that is less but rather than blocking your money in a casino for like 0.01% return daily I think its much better to gamble of your own and trust your luck.

Actually site has a big bankroll and your little bitcoins you invest are like 1% and hence the profit share is 1% of 1% means like 0.01 and then the commission of site.

Indeed true and now since so many people are mining the difficulty has increased to a significant and high value which makes user think twice before he starts mining and actually anyone who is dreaming to earn online as a starter basically should first try with the easiest methods like they can simply buy some bitcoins and then sell for high price, or they can start lending service but that needs some experience/knowledge.

You can excel with bitcoin trading in the way you suggested but for altcoin trading you also must need to be lucky person to survive there along with their hard manipulations.

It is not really just based on luck is gambling because there are guys who apply certain strategies in gambling also and come up with profit. While trading requires skill but at the same time the biggest factor in trading is again luck !

But been all said and discussed gambling just makes you addicted and hence some desperation which is never good while risking money.

You are right because any sport in which we personally are interested is much easier to win.

Because we know how and when the match can turn and what are the possible little tricks like for example in tennis its always suggested that we bet on break of services more than we bet for hold. You will always be in profit if you just back the break of serve rather than hold.

But here I need to agree when we personally loving a person or team, we may keep on bet them only and when they compete with stronger than them, we might face losses. Personal interest some times work against us also.

I was thinking the same that it may happen that one day I might need some money. For that reason, I started using bitcoin and started making money for the time of need in which these bitcoins will help me. Good to know that people are thinking positive.

Bank loans are not the only answer to your needs. People should consider this bit coin as a platform to make money. Not only the people who are investing here get benefit but the people who are working on it are also getting benefit.

In stock market, I have seen people investing a lot by buying shares. They get profit if the rate of any share gets up, same is the case here. Bitcoins are dependent on the people basically the investors or people who have a lot of bitcoins.

When any investor purchase a lot of bitcoins at a single time the rate of bit coins are expected to go up and if they sell their bit coins same happens that the rate of bitcoins decreases. So, you can never tell when the bit coins are expected to increase their value or decrease because it is totally dependent on the people buying or selling bitcoins on large scale.

The price of bitcoin is expected to rise rapidly soon. But if these bitcoins are everything you have, I would suggest you to re-think about considering to buy more bitcoins instead of selling them. So, that you don’t blame anyone.

Nobody remembers the suggestions if you get profit, only if people suggested you to keep them invested and it goes wrong people start blaming. The final decision is yours but the good thing is this bitcoin investments is not gambling like just trusting your luck and if you want to give it a try. You will know what will happen in near future, you will get a lot of profits for sure.

But every decision you make in trading has its own risks because no matter how good you are and how big is your bankroll you will always need luck and that's what relate trading with gambling. Though trading is a bit better since there is no edge that acts against you.

I am myself a trader and overall I am in loss so it is pretty risky too as well though better than gambling. Because, in gambling there would be only least possibilities to stay secured whereas trading always gives chances to make profits. Trading cannot be gambling all the times.

In the bitcoin community there are two types of people, the ones who saves the bitcoin for a long time and don’t spend it because they believe that they could become rich in 10 years, others who uses bitcoin as a type of quick investment and spend it as soon as the price goes up so there is no worries about spending bitcoin.

But in order to be discipline while saving bitcoins, we must have more number of income streams, without them we cannot be sure to be discipline to save them for long times. When we need bitcoins for our living needs then spending bitcoins will become a routine life.

You are right and having a fixed or stable price is what differentiate bitcoins from other assets.
If bitcoins would have a fixed value then it would just be too boring for any trader like for example you and its the change of price or volatility that makes bitcoins worth holding and trading.

There have been certain rumors that the price of bitcoins might drop too quickly and these are just hype to make people dump their coins.

Yeah and reliable in terms of winning is not any site would guarantee. Since we cannot change the winning and loosing aspect of gambling, what the best we can do is at least bet on trusted sites so that in case we get lucky and win we don't have to rely on the owner.

There are numerous trusted gambling sites and you should always check their threads in bitcointalk, if the owner is neutral its fine to play and if the owner has green trust then worth playing without a risk !

True, a big number of the bitcoin users have only started using only for one reason and that is because of its high price, and the more the price goes up the more popular it gets and I don’t think that at any time the bitcoin is going to be replaced even if the price goes down, because there will be people always believing in it.

Do you really think, only just with name bitcoins stay as a number one cryptocurrnecy. It has all the potential as well as smart features. Hence we can be sure any new coin cannot compete bitcoins to break the number one positions.

I agree, bitcoin has been a very interesting thing, despite it being decentralized and controlled by the community, whenever it goes down it soon picks itself up to surprise us all over and over again, and that shows how unlike other stuff that governments control as soon as they fall they die, and that is how strong the bitcoin is.

I am not seeing any disturbing factors in near future against bitcoin's strength. Moreover, there are lot of possibilities for bitcoin to grow further stronger than what system we are currently having. I am very much sure bitcoin will stay stronger for ever.