There are a few possibilities:

1) Play poker well. This is probably the most popular way, and thousands of people make a significant income just playing poker (keep in mind, this means millions are probably losing).

2) Sports betting. Some players are able to be profitable long-term here. I don't really know much about it.

3) Abuse casino promotions. Although this isn't really winning from gambling and is more just winning free money and trying not to lose it all.

4) Develop an advantage in a casino game. There are a few ways to do this: count cards, learn how to manipulate dice in craps, etc. This is definitely the hardest way.

Good luck!

Hey BF, just two things...

1) Why can I sometimes not chat on the table? It doesn't seem to be tied to anybody's all-in or something like that (not that I ever discuss the current hand).

2) Congrats on the cash game growth. It's great to see

Wow! This is exactly what I wanted and more Can't wait until they are operational!

Hey BitcoinFlush, would you consider adding tournaments somewhere between the 50 and 1k buyin range? I don't care if there's any guarantee, however it would be nice to play bigger tournaments even though 5k or even 1k is still a bit too much.

Thanks!

You can't make a poker site provably fair without revealing everyone's hole card information afterwards. I'm pretty sure poker players aren't willing to make that tradeoff.

Have any trades been executed yet? I don't see an order book for any of the options.

This business model makes no sense whatsoever.

Oh wait...

yay fraud!

I'd like to add that I have also recieved both of my payments.

Thank you, BitcoinFlush!

That's a lot of poker chips.

The only way to do this that I know of is virwox, but it is possible.

Be prepared for massive fees however.

Username: Frogcoin

Looking forward to testing the site!

What are the odds of winning and payouts?

Any consideration for primecoin?

I suppose I used the wrong wording. Starting and ending BTC amounts determine the size of your bets and the multiplier you need to pick for a martingale "chain" -- I only meant that the concept held in general with any starting BTC and target goal.

Finally found a block, even though my primespersec is hopping between 3 and 84!

I don't think there are any ad-based sites, but satoshi poker offers freerolls for 3.5mTBC to the top 3 places with about 10 or 15 entrants each, so you have a good chance of winning a few cents after a few games.

The optimal strategy for going from X btc to Y btc is the one that minimizes the amount wagered. In the previous example of 3BTC -> 4BTC, the martingale of 1BTC -> 2BTC is better because 49.5% of the time only 1BTC is being wagered. We can do even better by betting less at a smaller winrate -- consider for example the following martingale of 3 bets:

0.58740084 BTC at 2.70241438x (36.6339%) -> if we lose 0.93244059BTC at the same rate -> if we lose 1.48015697BTC at this rate.

The expected values of each strategy:
1 bet -- (3btc @ 1.3333333x) -- 0.7425 success rate, EV = 2.97 BTC (-0.03)
2 bets -- (1btc, 2btc) --0.744975 success rate, EV = 2.9799 BTC (-0.0201)
3 bets -- (pattern above) -- 7455684 success rate, EV = 2.9823 BTC (-0.0177)


In theory, if BTC were infinitely divisible, one could start at an infinitesimal amount at "near-infinite" odds and apply this martingale to eliminate the house edge and obtain an EV of 3BTC.

In practice, small martingale style bets are better because they introduce scenarios where less BTC is bet and reduce the loss from house edge. The starting and target BTC amounts are irrelevant.

Mining these, does anyone know why there is so much variance in the "hashrate"?

I'm moving between 8 and 54.

Voted! 195.

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Thanks.