Hello guys. I study physics at the University in Brazil and I'm passionated to bitcoin and maths so I worked on a table that you can calculate if your bets is going to be worth or not!
Here is the maths behind it all.
http://imageshack.com/a/img924/3677/PJErLO.jpgOk. Let's talk about what really matter: Bitcoins!! I made a simple table that will guide you on your everyday beting.
The variables this table uses is:- Your balance
- bet ODDs
- How much will scale your bet
- Your first bet
When you put these variables the table will show you what are the risks on going on this configuration.
It will show you:- The chance of lose everthing you have!
- The number of bets that will make you lose it all.
- The win chance of each bet
- How much safe bets you can go
The last one I'm going to explain you. The safe bets I defined as: each 100 guys who try this configuration 1 lose everthing. So if the configs says, for instance: Safe bets:500. It means that if go betting until you hit 500 bets made, It will means that 1 in each 100 guys who did what you did now lose his bitcoins.
Here's the table!!
http://imageshack.com/a/img921/3028/68SSaT.pngThe red labels is where you gonna put your config.You can download it right here:
https://mega.nz/#!Pxo0kTTJ!Do2qBHk9gpwz4fWOJcmjn4nU1w_WedSOdgEbmXYajck If you do not have Excel, get it here:
https://www.openoffice.org/ENJOY IT!!