Will i fail the bet?

[MarvelousAQL]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

[Hatcher]

The way gambling works is that those offering the games don't pay out fair odds when you win. This is called a house edge and no betting strategies can beat it. So yes, you will fail.

[Ayers]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

it work that unless they have 0 edge in percentage, the odds are aginst you, basically instead of being 50%/50% it's 49%/51% for them, therefore if you do 100 bet, they win 51 of them and you win only 49, every 100 bet you lose 1, in the end you are losing, but you can be lucky of course

[moooonu]

Its call probability. If you are using any dice site you will get any number between 00.00 to 99.99. So any number can come including those too while you are rolling. Rolling at 50% chance means you get 50/50 chance to get above or below like head and tail in a coin. The real math starts here with probability, you can get more than 23( as much i have seen with my eyes) heads in a row. So i suggest you to limit your lose and start over again when it reaches the max lose you set.

[machinek20]

Yes you will fail, most of the gambler already try that method and they were failed, they lost more than 20 times in a row, there are no strategy will work for long run you can count the probability by yourself, you will see that that there is always losing percentage in a long run

[AdolfinWolf]

The way gambling works is that those offering the games don't pay out fair odds when you win. This is called a house edge and no betting strategies can beat it. So yes, you will fail.

Not true, martingale can work very well in theory, if you have almost unlimited amounts of money, this way the changes of losing are ludicrously low.

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

it work that unless they have 0 edge in percentage, the odds are aginst you, basically instead of being 50%/50% it's 49%/51% for them, therefore if you do 100 bet, they win 51 of them and you win only 49, every 100 bet you lose 1, in the end you are losing, but you can be lucky of course

And thats why it is such a dumb idea to play a game with no skill required, but pure luck. You're always going to end up losing.


OP you can probably make are 10% profit without any huge risks using martingale, however this is ofcourse theoretically seen.

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

Yes, but the "ball" or "computer" does not remember where it was the last time. Everytime it rolls it has a 50% change of coming on either red or black. Therefore your changes are; E ≈ ½ N x B

http://math.stackexchange.com/questions/1407772/calculating-the-probability-to-win-with-martingale-in-roulette

See this post to calculate how much change you have of losing with your 50mBTC. (if you want to make for example 30% profit..)

[LuanX3]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

Basically you're using a martingale system which is a shit system that has not made anyone rich! The game is fair, depending on where you play. Fair or not it will fail! There is no gambling trick, system or method that will win in the end. Gamblers are more likely to lose than win in gambling, that is the fact of the matter. So if you are gambling, just play it and enjoy. Don't use a system.

[AjithBtc]

Better try to take part into gambling events and gain experience which gives easily makes you learn all the do's and don't in gambling. Without failure you cannot be successful or make earning from gambling.

[Raimonn]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

The game could be fair and you can loose more than 20 times (it seems impossible, but reality is yes). On large runs you will loose all your money using this martingale system.

[jacee]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

Afaik that strategy that you will increase bet by 100% on loss is mirtangle. Some people say that this works to them but from my personal experience it didn't. Eventually you will hit a loosing streak and with the said set up it will be a ver risky move because if you did hit a loosing streak you'll just loose all yoir money eventually.

[michkima]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

Afaik that strategy that you will increase bet by 100% on loss is mirtangle. Some people say that this works to them but from my personal experience it didn't. Eventually you will hit a loosing streak and with the said set up it will be a ver risky move because if you did hit a loosing streak you'll just loose all yoir money eventually.

I would attest to this too that it doesn't work! There would be a chance that you will create a losing streak of more than your bankroll can handle and in the end you will not be able to sustain the system. Martingale system is profitable, but only assuming you have infinite bankroll that will be used to cover for long losing streaks.

[Frosxh]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

the strategy you are using is called Martingale, most gamblers already know that strategy and most of us already killed by the long red streak (some users got 20+ red streak based on their posts that i've read in the past) so if you don't want to risk your 50mbtc just to earn a satoshi per bet then don't do that strategy

[Hatcher]

The way gambling works is that those offering the games don't pay out fair odds when you win. This is called a house edge and no betting strategies can beat it. So yes, you will fail.

Not true, martingale can work very well in theory, if you have almost unlimited amounts of money, this way the changes of losing are ludicrously low.

"Almost unlimited amounts of money" will still prove it to be a fail. The premise of "not getting fair odds" has not changed. The risk of finding a busting sequence will always be greater than the reward you are targeting in a -EV game.

[michkima]

The way gambling works is that those offering the games don't pay out fair odds when you win. This is called a house edge and no betting strategies can beat it. So yes, you will fail.

Not true, martingale can work very well in theory, if you have almost unlimited amounts of money, this way the changes of losing are ludicrously low.

"Almost unlimited amounts of money" will still prove it to be a fail. The premise of "not getting fair odds" has not changed. The risk of finding a busting sequence will always be greater than the reward you are targeting in a -EV game.

True, you need "unlimited amount of money" to get a martingale system to work and that is practically impossible for anyone too. Another issue will always be the maximum bet. Regardless if you have unlimited money, you still cannot go over the maximum bet amount. Which means if you have the longest losing streak in history and you have unlimited money, you cannot bet beyond the maximum hence destroying your system.

[torry28]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

I guess you are going to betting on dice?
50mBTC or 0.05BTC with base bet 0.00001mBTC or 0.00000001BTC you only can handle 22 straight loses in a row, which we know it is not safe since there are many people said had more than that.  You will fail OP;)

[hatshepsut93]

The way gambling works is that those offering the games don't pay out fair odds when you win. This is called a house edge and no betting strategies can beat it. So yes, you will fail.

Not true, martingale can work very well in theory, if you have almost unlimited amounts of money, this way the changes of losing are ludicrously low.

This is quite an interesting point, there's a Gambler's Ruin theorem, which says that whoever has bigger bankroll is more likely to win, so if you have much more money than casino, you could theoretically win all their bankroll. Sounds good, right? Well, casino operators are not stupid, they understand that high bets can be dangerous to them, so they always set a limit for a maximum win per 1 bet, usually it's 1-2% of the bankroll. So martingale can't work, because you can't increase your bets indefinitely, and at some point you will not be allowed to double your bet to recover from a loss.

[uneng]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

Doing this you will lose all your money sooner or later, you can take a long loss streak and it's over...
You need a strategy to play well. Try to don't use all your money trying to recover what you lost, don't play x2 payout all the time, alternate it to another payouts and customize your game, and very important, don't be greedy, take your profit and go away...

[milewilda]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

Hmm seeing you are planning to play on dice since you are doing martingale method and seeing on the bankroll you have and basing on the basebet you will surely bust up or burn all your bankroll when losing streak would hit you 20+ would do or even 15x straight lose.

[Natalim]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

Martingale system does not guarantee a win, think of this, if that is very effective then we are all exploiting casinos for profit. Your luck will only determine if you can win or not, and having a cold losing streak of 20 times in a row is very unlucky but it's possible to happen.
Good thing you ask our opinion here and I hope you understand all possibilities, and lastly, if you can afford your bet then go.

[xSkylarx]

I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?

The amount of your bet is not connected at your winnings, or betting big amount can not assure you that you are going to win. The percentage of your winning depends on the House Edge of the gambling site that where you are playing, of course the higher House Edge, the low chance of winning, and the lower House Edge, the higher chance of winning.  So, if you lose on a gambling site most of the time, then don't complain because it is Gambling, which losing most of the time is just normal.