I've been winning alot (for my standard) on dice sites...
I'll go in and play >50 with a bunch of dust bets, and when I hit several that are under in a row. Then I bet 1 BTC, and if that loses I'll do 2 BTC, if that loses, I'll do 4 BTC, and finally 8 BTC if I have to get there. I'll never bet more than 8 BTC. I've done this about 10 times now and I know I'm surely lucky to have never lost 4 in a row in those ten attempts. However, I have made 10 BTC or just about $4500 from these dice sites.
Someone please give me advice, tips, or speculation on how I can stop and just take my winnings. Please understand it's not as easy as it sounds especially when it seems like "easy money" so far. Of course I know I'm bound to run into a losing streak.
LOL....I don't even need to read the rest of the responses in this thread because I already know what's contained therein. What you've discovered is a Martingale betting strategy and if you keep playing, you're gonna lose your entire bankroll (if you haven't lost it already) so QUIT NOW! The guy's who program these sites are clever and set their risk parameters according to sound bankroll management schemes, expected utility hypothesis, and Kelly criterion's....Quit now, do some research on bankroll management, and come back to play later.
