I've been on bitcoin/cryptocurrency gambling sites for a few years now, and over those years I've tried many different strategies and techniques, and want to share some of the concepts with you guys so you can learn and make your own. Some of these concepts are basic, and well-known, others are not. Some of you may know me as Randall from PD,
or JD (Just-Dice), or YD (YOLOdice, link in Sig), and a few other places.
If you found any of this useful or happen to win big, you can always send me some BTC via my addy on my Profile here or a tip on YD, but it's completely optional.
Please Note: NO GAMBLING STRATEGY WILL WORK 100% OF THE TIME. If one did, gambling wouldn't exist. These are meant for fun, depending on how you like to gamble, and should be treated as such.
Without further ado, let's begin!
Basic MartingaleMany players have already heard of this or used it, so if you have, feel free to skip to the other sections.
Martingale is a very simple strategy, and can be used on dice sites, or any game with a roughly 50/50 chance of winning (roullette, etc). It's premise is this:
- Choose a Base Bet (
for most strategies, typically you want to do 1/200th of your balance at the most, or FAR less to make it "safer").
- Bet your Base Bet on 50% win chance.
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On LOSS: Double your bet and bet again. If you keep losing, keep doubling.
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On WIN: Return to Base Bet and keep betting the same Base Bet until you experience a loss.
As I said, pretty basic. Double on loss, reset on win. Most dicers have a good concept of this, and usually either love it or hate it. Some people use bots to run this technique, some people don't. I personally hardly ever use Basic Martingale, but when I do, I do it manually.
Reverse MartingaleReverse Martingale works exactly the same way as Basic Martingale, but reversed, as the title implies. Rather than doubling your bet size on losses, you double on wins, trying to find a nice green streak to profit from. In my opinion, this is even more risky than Basic Martingale, but I've seen some players have some really good luck with it. Here's how this one works:
- Choose a Base Bet
- Bet your Base Bet on a 50% win chance.
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On LOSS: Keep betting your Base Bet until you get a win. Losses don't change your bet amount.
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On WIN: Double your Base Bet for every win you get, stopping after a certain number of wins to collect the profit. You can stop after 3 greens, 8 greens, or 20 greens, it all depends on what you decide. You get to choose how big of a green streak you want to chase.
The nice thing about Reverse Martingale, is the real cost of a loss is the same every time, similar to Changing Payout on Loss mentioned below. Experiencing 10 reds in a row with Reverse Martingale would only cost you the sum of 10 of your Base Bets, whereas with Basic Martingale, 10 reds could be quite costly depending on your initial Base Bet.
Modified MartingaleModified Martingale is similar to Basic Martingale, but works with payouts other than 2x (50%), and is a bit more complex
You may want to familiarize yourself with Basic Martingale before you attempt Modified Martingale. You can use Modified Martingale to bet on any even-numbered payout multiplier (4x, 10x, 200x, etc.). I recommend only playing this strategy manually, it's more fun that way. Here's how it works:
- Choose a Base Bet
- Choose an even-numbered multiplier (
in this scenario I will use 10x as an example).
- Divide your even-numbered multiplier by 2 to get how many losses you need to incur before you double up (
10 / 2 = 5). We will refer to this as your "double up number".
- Bet your Base Bet on your chosen multiplier (
10x).
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On LOSS: Continue flat betting until you reach your double up number, then double up, and continue as necessary (
for this scenario, you'd bet 5 times, if they're all losses, you double up and keep going, repeating as necessary).
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On WIN: Reset to Base Bet and continue flat betting. If you experience a win before experiencing enough losses to double up, you MUST start over and keep betting until you incur enough losses to meet the double up number, otherwise you'll mess the strategy up (
in other words, if I get a winning bet on my 3rd bet, I would need to keep betting my Base Bet until I get to 5 losses in a row before I can double up).
Increase on LossThis is another widely used and known strategy, but sometimes an explanation can help better your understading. The basic concept is that you increase your bet amount on losses proportional to your win chance so that when you finally experience a win, you'll make up for all the previous losses + a little profit (
if done correctly). This is a strategy better-used on bots like DiceBot, since doing the math for every roll can be a pain, but you're welcome to do it manually as well. Here's the breakdown:
- Choose a win chance you want to play on (
for this example, let's use 1%).
- Choose a Base Bet.
- Set your Increase on Loss percentage. This is derived by adding a little bit to your win chance. The larger your win chance is, the larger your increase will need to be (
for this example, our Increase on Loss will be 1.1%, which should be more than enough to cover losses + make profit on wins).
- Start betting with your Base Bet.
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On LOSS: Increase your bet size by the Increase on Loss percentage (
1.1%). When experiencing more than one loss you need to add your Increase on Loss percentage to the previous wager to get the next bet size, which is why using a bot is highly recommended.
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On WIN: Reset to Base Bet, and continue.
Please Note: If you are making less profit on a win than you should have if the very first roll was a win, you need to up your Increase on Loss amount, otherwise with enough reds you wont recover your incurred losses or make a profit. For example, if you were betting 0.001 on 99x, theoretically your payout should be 0.098 on the first win, so if you win on a later attempt and it's less than 0.098, your Increase on Loss needs to be raised. You should
ALWAYS be winning a larger amount from longer red streaks, not less.
Changing Payout on LossThis method is different than what a lot of people use, because I'll be honest, it's a bit of a pain, but it's way fun to watch. I highly recommend using a bot like DiceBot (knowledge of Programming Mode is necessary) for this if you're doing a lot of rolls, or it will be tedious and slow. Essentially what you're doing is rather than increasing your bet size after losses, you increase your payout multiplier. You can do this either every roll, or after a set number of rolls. In this section I will be explaining how to do it after a set number of rolls.
I personally really like this strategy, just because it's fun to watch the bot do it. This one is better showed through example than explanation so here's an example:
- For this scenario we're going to set our Base Bet to 0.00002000 (
let's pretend my balance is 0.10, but I only want to risk 0.01 of it, so this would be 1/500th of my "risked balance"), and it will stay there.
- For the first 100 rolls I'm setting my payout to 110x.
- For the next 100 rolls it's 220x.
- For the next 100, 330x.
- Next 100 is 440x.
- Last 100 is 600x just for fun (
but I could have done 550x, or something super high like 9900x for shits n giggles).
- Set up your bot so that it will stop after 500 losses, and this would prevent it from losing more than our risked balance.
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On LOSS: Continue betting through each set of 100, changing payout as necessary.
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On WIN: Reset to original payout, and start over.
You can use this strategy with any payouts or bet sizes you want, but always make sure you set it up so that
1) Your payout choices make up for previous losses
2) Your bet size is small enough to perform the number of roll sets you design and still fit inside the amount of balance you want to risk.
These basic concepts, along with tons of variations and edits are what myself and many dicers have used over the years. I'll add to this list if I need to. I hope you guys were able to learn something new, and maybe make some profit! Good luck out there!
This post is copied from my original post on another forum, wanted to share it in both places. Interesting and useful post especially for new gamblers. In any gambling game the more complicated the betting rules the more likely you won’t do so well. Those rules are there to give the house an advantage. A wagering option may only exist because the casino knows someone will try it despite the low chances of winning.
The higher the promise of payback the less likely you will win. The simpler bets work the same way for everyone.
