satoshi dice lol

[dooglus]

Since this seems to be the thread to post in for people who can't math, I have a question as well: Would it be possible to win eventually if you just keep tripling your bet every time you lose or would the amount required be larger than the maximum bet allowed eventually (which I think the upper end is at 500Ƀ)?

Bets (at 50%)
1) 1Ƀ - Lose
2) 3Ƀ - Lose
3) 9Ƀ - Lose
4) 27Ƀ - Win (40Ƀ spent, 52Ƀ won, 12Ƀ profit) Lose
5) 81Ƀ - Lose
6) 243Ƀ - Lose

Fake edit: I answered my own question. If it took more than 6 tries, you wouldn't be able to break even much less profit due to the max bet allowed.

So you just need to start at 0.10 instead of 1, right?  Then what could possibly go wrong...

The system you just discovered is called the Martingale System and doesn't work, long term, for the reason you also discovered. 

[dscotese]

Since this seems to be the thread to post in for people who can't math, I have a question as well: Would it be possible to win eventually if you just keep tripling your bet every time you lose or would the amount required be larger than the maximum bet allowed eventually (which I think the upper end is at 500Ƀ)?

Bets (at 50%)
1) 1Ƀ - Lose
2) 3Ƀ - Lose
3) 9Ƀ - Lose
4) 27Ƀ - Win (40Ƀ spent, 52Ƀ won, 12Ƀ profit) Lose
5) 81Ƀ - Lose
6) 243Ƀ - Lose

Fake edit: I answered my own question. If it took more than 6 tries, you wouldn't be able to break even much less profit due to the max bet allowed.

So you just need to start at 0.10 instead of 1, right?  Then what could possibly go wrong...

The system you just discovered is called the Martingale System and doesn't work, long term, for the reason you also discovered. 

But he left his post here anyway.  That's kind of a lack of ego, which I think is awesome.

[dooglus]

But he left his post here anyway.  That's kind of a lack of ego, which I think is awesome.

Awesome yeah, but I don't think anyone could claim Matt has a lack of ego...