Bitcoin Forum
August 03, 2024, 12:24:15 AM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Gambling / Re: Challenge: What's the best way to win 1 BTC with 1 BTC? on: December 13, 2015, 12:18:21 AM

How about this:

bet 0.01088928 BTC @ 1.0664%
if you win, your profit is ((99 / 1.0664) - 1) * 0.01088928 = 1.00002474 BTC
if not, martingale at the same chance of winning, to keep the same net profit
you can afford 64 bets
chance of winning =  100 * (1 - ((100 - 1.0664) / 100) ** 64) = 49.649475445976265%

Edit: here are the 64 bets:

       chance  multiplier      
        1.0664% 92.83570893x    
                  
bet #       stake  total lost      profit
-----  ---------- -----------  ----------
 1     0.01088902              1.00000087
 2     0.01100759  0.01088902  1.00000081
 3     0.01112745  0.02189661  1.00000065

I have bolded the line "if not, martingale at the same chance of winning, to keep the same net profit" because I am confused, you say to do a martingale but the second bet should be 0.02177804 not 0.01100759 like you listed, it also doesn't double your other bets in the 64 bet run. If you are doubling your bet using the martingale system and keeping the same chance of winning, it is not possible to have 64 bets.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!