How to make your first bets safely

[dogebit01]

I wanna tell you what worked for me and what not. That's what I learned through my experience, so my opinion about it all.

When should I start betting?
If you start betting with your first few satoshis it isn't going to be worth at all. You will risk everything you already got in order to get something about 70 satoshis.
I highly recomend you to start betting with your first 5k satoshis!

How many should I bet?
I think it's safe to bet until you get a profit of 5% of your actual balance, it's too few profit, but you'll not risk too much and get a little everyday.
But you want to do it only ONE TIME A DAY! Don't think "oh, I'm getting btc so easily, lets do it again". Because if you do it a lot of times, you WILL LOSE.

How to bet safely?
Remember, the more you have more safely you gonna get. But again, don't be greedy. You wanna do it? ok, so do it right!
I created a excel spreadsheet that guides me on my daily bets, it show you if the configuration I'm going is worth or not. Here's the table and I'll explain a few things. https://imageshack.com/i/pl68SSaTp
The red cells in where you can edit. There's your balance, the raize on your bet (1,5 is 50%, 2 is 100% and so on), the ODD and the inicial bet.
When you fill all these boxes the table will calculate what's going to happen to your bets, how many bets it will take until you run out of btc and whats the chances it will happen, how many safe bets you can do. If it says 400 for instance, it means: every 100 guys who went the config you put, 1 reach the last bet and can't bet anymore, or, he lost everything.
Ok, you can get the .xlsx spreadsheet here: https://mega.nz/#!Pxo0kTTJ!Do2qBHk9gpwz4fWOJcmjn4nU1w_WedSOdgEbmXYajck
So, if you bet with your first 5k, I suggest you ODD 3 and multiplier 51%, do it until you get 250 and stop. And wait, if you see you're getting closer to the "safe bets" stop it in the first win!!

When should I stop?
You're done when you already reach your daily 5%, do this and get your FREE BTC every day and will get a good start.
----------------

I hope it help the new members of the bitcoin comunity, if anyone have anything to says, any suggestions, feel free to comment.

[mrcash02]

Even you are using this method and trying to get only 5% profit daily, you can lose money anyway, it's not 100% guaranteed, not safe. Low risk, but it's still there, everytime...

5000 satoshis bankroll is very low, and nobody will want to make 250 satoshis profit daily and stop. To have some chance to make a decent game, must have a higher bankroll, otherwise, the profit doesn't worth the risk.

The spreadsheet is a good tool to calculate your chances and strategies, very useful. Anyway, there is nothing safe on this game and the only thing I can wish you is Good Luck! 

[susila_bai]

I wanna tell you what worked for me and what not. That's what I learned through my experience, so my opinion about it all.

When should I start betting?
If you start betting with your first few satoshis it isn't going to be worth at all. You will risk everything you already got in order to get something about 70 satoshis.
I highly recomend you to start betting with your first 5k satoshis!

How many should I bet?
I think it's safe to bet until you get a profit of 5% of your actual balance, it's too few profit, but you'll not risk too much and get a little everyday.
But you want to do it only ONE TIME A DAY! Don't think "oh, I'm getting btc so easily, lets do it again". Because if you do it a lot of times, you WILL LOSE.

How to bet safely?
Remember, the more you have more safely you gonna get. But again, don't be greedy. You wanna do it? ok, so do it right!
I created a excel spreadsheet that guides me on my daily bets, it show you if the configuration I'm going is worth or not. Here's the table and I'll explain a few things. https://imageshack.com/i/pl68SSaTp
The red cells in where you can edit. There's your balance, the raize on your bet (1,5 is 50%, 2 is 100% and so on), the ODD and the inicial bet.
When you fill all these boxes the table will calculate what's going to happen to your bets, how many bets it will take until you run out of btc and whats the chances it will happen, how many safe bets you can do. If it says 400 for instance, it means: every 100 guys who went the config you put, 1 reach the last bet and can't bet anymore, or, he lost everything.
Ok, you can get the .xlsx spreadsheet here: https://mega.nz/#!Pxo0kTTJ!Do2qBHk9gpwz4fWOJcmjn4nU1w_WedSOdgEbmXYajck
So, if you bet with your first 5k, I suggest you ODD 3 and multiplier 51%, do it until you get 250 and stop. And wait, if you see you're getting closer to the "safe bets" stop it in the first win!!

When should I stop?
You're done when you already reach your daily 5%, do this and get your FREE BTC every day and will get a good start.
----------------

I hope it help the new members of the bitcoin comunity, if anyone have anything to says, any suggestions, feel free to comment.

What you are telling is like earning below faucet level, even if you do faucet earning you can earn more then that with out risking your bitcoin in gambling

[BitcoinBarrel]

My advice is Gamble for fun and expect to lose. If you get lucky and win big then it's just a bonus.

The house odds guarantee you lose in the long run, so if you are lucky in the short term then celebrate =)

Only gamble what you are willing to lose. Consider it the price of admission for a few hours of entertainment.

[janggernaut]

I think this thread should be move to gambling discussion section because you are telling how to gamble. 5% everyday is too little, except you are started with 1 btc as your bankroll. You still have a chance for lossing your money too, there is no "safe" in gambling.

[dogebit01]

I think this thread should be move to gambling discussion section because you are telling how to gamble. 5% everyday is too little, except you are started with 1 btc as your bankroll. You still have a chance for lossing your money too, there is no "safe" in gambling.

But it's a beginners guide

[maku]

Just a reminder - current standard bitcoin network transaction fee is around 16.000 satoshi.
In case you won more while gambling with ~5000 satoshi you won't even cover transaction fee in case you will have to pay for it.

[jossiel]

In the part of when should I stop, even it is not 5% it is a good time to stop because there are people who are stopping and high standards like 10% or higher.

Maybe you should stop when you think that is already enough for the day or if you think that is going to make you satisfied already.

But that is a good thing that you will set some range of percentage when you are going to stop.

[Rubberduckie]

Even you are using this method and trying to get only 5% profit daily, you can lose money anyway, it's not 100% guaranteed, not safe. Low risk, but it's still there, everytime...

5000 satoshis bankroll is very low, and nobody will want to make 250 satoshis profit daily and stop. To have some chance to make a decent game, must have a higher bankroll, otherwise, the profit doesn't worth the risk.

The spreadsheet is a good tool to calculate your chances and strategies, very useful. Anyway, there is nothing safe on this game and the only thing I can wish you is Good Luck! 

I over the years like to ride it and even increase my bets when winning and reduce
and get tighter when losing. I don't like having a ceiling if your riding a hot streak
why stop. I do like putting a max on losses though. To many people chase losses

[Ryan Dugan]

Even you are using this method and trying to get only 5% profit daily, you can lose money anyway, it's not 100% guaranteed, not safe. Low risk, but it's still there, everytime...

5000 satoshis bankroll is very low, and nobody will want to make 250 satoshis profit daily and stop. To have some chance to make a decent game, must have a higher bankroll, otherwise, the profit doesn't worth the risk.

The spreadsheet is a good tool to calculate your chances and strategies, very useful. Anyway, there is nothing safe on this game and the only thing I can wish you is Good Luck! 

I over the years like to ride it and even increase my bets when winning and reduce
and get tighter when losing. I don't like having a ceiling if your riding a hot streak
why stop. I do like putting a max on losses though. To many people chase losses

I am guilty of chasing losses. I get greedy I want the btc back even if I am still in profit. So I want to be where I was before I lost but then I end it with losing everything trying to get back where I was. If I just stop I leave with profit that is smaller but I leave with btc and not nothing.

[Nahl]

5% daily sounds good but the main reason for gambling is how to get steady income daily because if today you got profit but tommorow could be lost or even you will had experience to bigger lost and regarding your bankroll with 5000 satoshi i think better using faucet than gambling with those amount and to control my greedy during a gamble I had the principle that to admitted my loses and not trying to recover my loses and never consider gambling as my income

[lionheart78]

5% daily sounds good but the main reason for gambling is how to get steady income daily because if today you got profit but tommorow could be lost or even you will had experience to bigger lost and regarding your bankroll with 5000 satoshi i think better using faucet than gambling with those amount and to control my greedy during a gamble I had the principle that to admitted my loses and not trying to recover my loses and never consider gambling as my income

I think if your main reason for gambling is to have steady income daily, you will fail miserably.  Even with your skilled prediction in sports gambling, there is always a day that you will lose. I am not denying the possibility of income from winning when you are good at sports betting but the idea of daily steady income using gambling is not advisable.

[ralle14]

I think this thread should be move to gambling discussion section because you are telling how to gamble. 5% everyday is too little, except you are started with 1 btc as your bankroll. You still have a chance for lossing your money too, there is no "safe" in gambling.

But it's a beginners guide

The title should be changed to beginner's guide to gambling.You should add another question like what if I lose it all before I reach 5% profit ? Before you could even reach the withdrawal amount everyone here knows you'll lose them all and imo it's not worth risking doing just to gain a few satoshis

[harizen]

So, if you bet with your first 5k, I suggest you ODD 3 and multiplier 51%, do it until you get 250 and stop. And wait, if you see you're getting closer to the "safe bets" stop it in the first win!!

While facing the house edge of any gambling sites, chances of getting the exact scenario you mentioned might not happen. In such cases like that, what will the newbie will do now?

The guide was facing only the one direction and that is thru wins which is not always possible in terms of playing with gambling games that facing the house edge system.

There is no beginners guide or strategy In my own view in terms of playing gambling with those house edge games but rather things to consider before starting a gambling.

[crytoboost]

If you want to get only 250 satoshi in profit than why you wasting your time on gambling, faucet will be suitable for you so there you can get this amount guaranteed with zero risk factor every hour , but in gambling nothing can be safe and every strategy will lead you to get busted in the end.

[adi33]

sebenanrnya to bet it does not have to 5k sathosi started. You can menkondisikan bitcoin amount you have. Let's suppose you today bitcoin deposits 0.1. if you do bet 5k sathosi ?. of course it may be but it is quite slow to get profit

[novemberwoah]

Achieve a profit of 5%? I think if we continuously lose and did not reach the 5% that would make us lose much more because it would pursue a profit of 5%. I think a safe bet that not one time a day, but deposit the amount bet about 10% of the gambling revenue in small quantities with some games and if the deposit has been exhausted should be back again 3 weeks later. It will be very effective in my opinion.
But I agree with some of the tips that you give, the tips are enough good, friend

[xuan87]

i don't think it is going to work, even with 50% winning chance people are struggling to win any profit, with 30% i doubt you are going to win 5% every day, and you need to tell the gambler to set losing limit, so the gambler know when to stop,to be honest i think there is no strategy that will make you earn profit everyday

[milewilda]

I dont think it will work on constant or in long runs. Shall we say you made it on the first and second day but on 3rd  i doesnt guarantee us to make it on everyday basis.
Theres no safe on gambling and also the risk of lossing is still there. Betting on even 50% chance is still risky, the lower the riskier. If you decide to put small multipliers then its possible but if you got busted you will able to chase your lose for sure.

[Golftech]

Probably it wont work everytime although it will work in some instances especially if you are just betting low amount of your bitcoin, problem is when you start to look for much better earnings by that time the possibility of losing and risking your money is on stake. Just hope you can control yourself each time you play gamble to be safer.