MY gambling strategy to limit loss and make btc

[hua_hui]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

It sounds like a great plan. But first, i would find it very hard to carry out for me cause it will be too troublesome to keep doing it. I may need to do up to 20 times in an hour. 2nd, wont that cause fee to make up a huge percentage. You will find that your profit will be reduced by a huge percentage due to multiple small transaction.

[Caladonian]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

It sounds like a great plan. But first, i would find it very hard to carry out for me cause it will be too troublesome to keep doing it. I may need to do up to 20 times in an hour. 2nd, wont that cause fee to make up a huge percentage. You will find that your profit will be reduced by a huge percentage due to multiple small transaction.

yes sir this things need also to be considered the transaction fee will reduced the earnings and just to make sure you are using coinbase i think they are very strict if they find out that you are doing some gambling your account will be locked. just be careful much better to use other btc add.

[maku]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

Ok... but what games do you usually play? What is your bankroll management beside the fact that if you win you immediately withdraw and end your gambling session?
I am asking because you sound like 'self control' is the greatest gambling 'strategy' ever created. And I want to debunk this myth - it is not.
Self control it is certainly helpful and required if you want be serious gambler, yet you can't expect to win more just because you have ultimate self control.

[zend7]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

It sounds like a great plan. But first, i would find it very hard to carry out for me cause it will be too troublesome to keep doing it. I may need to do up to 20 times in an hour. 2nd, wont that cause fee to make up a huge percentage. You will find that your profit will be reduced by a huge percentage due to multiple small transaction.

That is when it gets exhausting betting so many times limits your chances of keeping your luck alive. That is what the casino's are hoping for. It gives them better odds of taking the players money.
Same with betting large amounts all at once. It is also in the casino's fair; they have more of that chance that you will mess up and lose it all.

[freedomgo]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

It sounds like a great plan. But first, i would find it very hard to carry out for me cause it will be too troublesome to keep doing it. I may need to do up to 20 times in an hour. 2nd, wont that cause fee to make up a huge percentage. You will find that your profit will be reduced by a huge percentage due to multiple small transaction.

That is when it gets exhausting betting so many times limits your chances of keeping your luck alive. That is what the casino's are hoping for. It gives them better odds of taking the players money.
Same with betting large amounts all at once. It is also in the casino's fair; they have more of that chance that you will mess up and lose it all.

Casinos still has the edge regardless on what type of game you are playing, and the worst thing sometimes is we have a problem with ourselves that we cannot gamble without thinking with so much money to win.

It could happen that we can make money in gambling but since we do not have the discipline we still lose in the end, we never stop as if there is no tomorrow is one of the reason why we failed to succeed.

[teilwalL05]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

your plan is good but you still can lose a lot, i would take what i won after  i have 50% more than i started with, so i would also earn more

Yes we can still lose money even if we have self control, we cannot handle what will happen in our game every time we bet so no one can tell if we can win or lose, but at least you have self control so that if you are really not lucky in that day we can stop immediately.

[mindrust]

Your argument is invalid. You expect to win more than you lose. That's a dangerous thought. Especially when it comes to gambling.

I wonder when people gonna find out that there is not a single effective strategy to make money from a luck based game.

[8Habits]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

your plan is good but you still can lose a lot, i would take what i won after  i have 50% more than i started with, so i would also earn more

Yes we can still lose money even if we have self control, we cannot handle what will happen in our game every time we bet so no one can tell if we can win or lose, but at least you have self control so that if you are really not lucky in that day we can stop immediately.

In gambling, we win some and we lose some. Self-control is really hard to do, especially when you are just starting in gambling. The trick is try to create a system in betting and when you find a winning system for you and that you are comfortable with, implement it when you gamble.

Here's an example, when you have a bankroll of let's say 1 BTC, you divide it to 10 - that would equal to ten .1 btc. So you have 10 days, 10 hours, or 10 minutes to play with your 1 BTC, this is will be up to you. You then target a goal profit and when you hit that profit, stop and restart a session and if you lose that .1 or 1st session, don't chase that loss - stop and call it a session lost and then play again with your second session.

We are just talking here about sessions and no way of betting yet (it is worth a new post to discuss). So with this, you will eventually practice self-control by not overdoing your bets because you have a fixed amount of bankroll to play with in every session.

[Red-Apple]

Your argument is invalid. You expect to win more than you lose. That's a dangerous thought. Especially when it comes to gambling.

I wonder when people gonna find out that there is not a single effective strategy to make money from a luck based game.

i agree, but at least he is managing his money. and the important part of his strategy is not getting greedy and withdrawing the wins.

but also he is making a lot of mistakes other than what you mentioned like using coinbase for one, because they will ban him and confiscate his funds because of gambling.

[ronaldo40]

if I might be better to withdraw when profit reached 50%, so that the balance I was able to backup the defeat.

[zend7]

if I might be better to withdraw when profit reached 50%, so that the balance I was able to backup the defeat.

People do that but then when they lose that 50% of the balance they deposit the amount the just withdrew to try and win that amount they just lost back.
It is a a vicious cycle that there is only one winner in the end.

[hua_hui]

if I might be better to withdraw when profit reached 50%, so that the balance I was able to backup the defeat.

the trick is to stop and withdraw with whatever profit you made in the process. Most method is to try and stop before hitting the long chain of losses. So the more you drag, like playing until 50%, the higher the chance of losing your basic bankroll.

[serjent05]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

This is a good strategy.  I would suggest that you must be aware that the longer you play, the more possible the house edge  kick in.  So I would suggest that aftere some rounds of winning, create another account and play with it leaving your old account idle for several days or weeks.

[hua_hui]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

This is a good strategy.  I would suggest that you must be aware that the longer you play, the more possible the house edge  kick in.  So I would suggest that aftere some rounds of winning, create another account and play with it leaving your old account idle for several days or weeks.

Actually it does not matter whether he creates a new account or continue to play with his old account, the longer he play, the more likely he will encounter the streak of losses. Even idle the account will not help cause every roll is independent of the previous rolls or the time frame. It boils down to luck.

[BitcoinPC]

If you are winning thats a good thing but becareful because you are playing gambling not a simple game, and gambling is a too much risky game, also it is addicted game, and you always need luck but sometime you strategy doesn't work, so beware for that moment.

[The Sceptical Chymist]

This is as retarded a theory as I've ever heard, but it's not surprising.   And if you have to try to control something like your gambling,  then you might be more out of control than you think.

[crairezx20]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

This is not always working because gambling is always depends in your luck..
weather you are skill person or not..
You will still experience of losing of this method all methods are base on luck..

[JasonXG]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

It sounds like a great plan. But first, i would find it very hard to carry out for me cause it will be too troublesome to keep doing it. I may need to do up to 20 times in an hour. 2nd, wont that cause fee to make up a huge percentage. You will find that your profit will be reduced by a huge percentage due to multiple small transaction.

I thought it was a great plan too until I tried it.... Didn't do so well. Lasymhalf my bitcoin though because I stopped indodnt wanna go all in to try reclaim them in case I lost. I guess it's better then having nothing left but really there is not a strategy just management and luck.

[naidray]

My strtegy is very simple. It is called self control. i strt with .01 anytime i get  more than .001 over that amount i immidieately withdraw that ammount into coinbase. this way, i cant get cocky and gamble away huge orofits! Ehat are you guys opinions on this strat

Really I do not have any specific strategy to limit my losses nor to maximize the profits. Usually I go for gambling with the bankroll of faucet earning. If I hit with minimum amount for cash out, immediately I will go for it. Otherwise, I will keep on gambling till I get bored regardless of my losses.

[ronaldo40]

if I might be better to withdraw when profit reached 50%, so that the balance I was able to backup the defeat.

the trick is to stop and withdraw with whatever profit you made in the process. Most method is to try and stop before hitting the long chain of losses. So the more you drag, like playing until 50%, the higher the chance of losing your basic bankroll.

you are right, but basically I was just trying to secure my capital, and do not want to lose all in an instant.
but whatever the method, sometimes in the end I lost all and did not get any