Should I try to win back my loss?

[iluvbitcoins]

I have around 500 000 bets placed on FJ
It was a matter of time when this would happen ( placed a lot of bets on not Martingale, so it already happened a lot of times, just not with Martingale)

I got 16 losses in a row
Starting with bet 0.000001BTC
And last bet was 0.03BTC
Counting a 0.06BTC loss total



Now, my question is, should I try to win it back?

I have a total bank of around 1.6BTC on my disposal

Odds of me losing those 16 bets in a row were 0.00179%
Somewhere around 1 to 60 000

Now, if I place a 0.06BTC there's a 50.5% chance I'll lose
If I lose, I place a 0.12BTC bet,  0.505*0.505= 25.5% chance I'll lose
If I lose, I place a 0.24BTC bet, 0,255025*0,505= 12.88% chance
If I lose, I place a 0.48BTC bet, 0,128787625*0,505= 6.5% chance I'll lose

If I lose, I have a total loss of 0.48+0.24+0.12+0.06 (+0.03) = 0.9BTC (+0.03)

Is it worth it?
Should I cut my losses o.o

Odds of me losing 20 bets in a row should be 1 : 860 000
Which, with me having 500k bets, doesn't sound very good

[Lucius]

I have around 500 000 bets placed on FJ
It was a matter of time when this would happen ( placed a lot of bets on not Martingale, so it already happened a lot of times, just not with Martingale)

I got 16 losses in a row
Starting with bet 0.000001BTC
And last bet was 0.03BTC
Counting a 0.06BTC loss total



Now, my question is, should I try to win it back?

I have a total bank of around 1.6BTC on my disposal

Odds of me losing those 16 bets in a row were 0.00179%
Somewhere around 1 to 60 000

Now, if I place a 0.06BTC there's a 50.5% chance I'll lose
If I lose, I place a 0.12BTC bet,  0.505*0.505= 25.5% chance I'll lose
If I lose, I place a 0.24BTC bet, 0,255025*0,505= 12.88% chance
If I lose, I place a 0.48BTC bet, 0,128787625*0,505= 6.5% chance I'll lose

If I lose, I have a total loss of 0.48+0.24+0.12+0.06 (+0.03) = 0.9BTC (+0.03)

Is it worth it?
Should I cut my losses o.o

Odds of me losing 20 bets in a row should be 1 : 860 000
Which, with me having 500k bets, doesn't sound very good

You got into a series of losses and by some logic you should stop because it's easy to lose even more.But by some law of numbers after you lost 16 times in a row you probably should finally win in next few bets.I think the decision is just for you because money is just yours.If I was in your place I would stop for a while.Since you are in good campaign all you lost will be back to you anyway.I know it's not the same as getting a bet,but let's say it makes sense,at least for me.

If you still decide to bet good luck to you and to get back all the lost

[flower1024]

I have around 500 000 bets placed on FJ
It was a matter of time when this would happen ( placed a lot of bets on not Martingale, so it already happened a lot of times, just not with Martingale)

I got 16 losses in a row
Starting with bet 0.000001BTC
And last bet was 0.03BTC
Counting a 0.06BTC loss total



Now, my question is, should I try to win it back?

I have a total bank of around 1.6BTC on my disposal

Odds of me losing those 16 bets in a row were 0.00179%
Somewhere around 1 to 60 000

Now, if I place a 0.06BTC there's a 50.5% chance I'll lose
If I lose, I place a 0.12BTC bet,  0.505*0.505= 25.5% chance I'll lose
If I lose, I place a 0.24BTC bet, 0,255025*0,505= 12.88% chance
If I lose, I place a 0.48BTC bet, 0,128787625*0,505= 6.5% chance I'll lose

If I lose, I have a total loss of 0.48+0.24+0.12+0.06 (+0.03) = 0.9BTC (+0.03)

Is it worth it?
Should I cut my losses o.o

Odds of me losing 20 bets in a row should be 1 : 860 000
Which, with me having 500k bets, doesn't sound very good

You got into a series of losses and by some logic you should stop because it's easy to lose even more.But by some law of numbers after you lost 16 times in a row you probably should finally win in next few bets.I think the decision is just for you because money is just yours.If I was in your place I would stop for a while.Since you are in good campaign all you lost will be back to you anyway.I know it's not the same as getting a bet,but let's say it makes sense,at least for me.

If you still decide to bet good luck to you and to get back all the lost

Yes taking risk is up to you. and as a mate said you are in the good campaign if you lost money also you will get back it in a couple of weeks. So according to me, you can try one more time if you have luck you may win back your losses. If I am in your position, i will try once. 

[Emoclaw]

I personally would act on impulse and place more bets, despite that probably not being the best thing to do.
Then again it's up to you. The amount you've lost so far isn't close to that you could potentially lose.
Even though the odds of you losing those 16 bets were 0.00179%, those next bets are still 49.5%, so keep that in mind.

[madwica]

Personally i am also love plating dice game my stategy is rolling at minimum bet of 0.00000001 after 5 to 6 losses i start in 256 satoshi i click 2x until i win but sometimes it takes 21 lose in a row before i win then back it again into minimun bet. And at your case if your count of threshold already reach just made a descision if you continue to risk or not and i think this is the first time you experience that 16 in a row losses because you are already worried if it will continue to loose your fund will be empty. Only yourself can answer this.

[chris200x9]

I have around 500 000 bets placed on FJ
It was a matter of time when this would happen ( placed a lot of bets on not Martingale, so it already happened a lot of times, just not with Martingale)

I got 16 losses in a row
Starting with bet 0.000001BTC
And last bet was 0.03BTC
Counting a 0.06BTC loss total



Now, my question is, should I try to win it back?

I have a total bank of around 1.6BTC on my disposal

Odds of me losing those 16 bets in a row were 0.00179%
Somewhere around 1 to 60 000

Now, if I place a 0.06BTC there's a 50.5% chance I'll lose
If I lose, I place a 0.12BTC bet,  0.505*0.505= 25.5% chance I'll lose
If I lose, I place a 0.24BTC bet, 0,255025*0,505= 12.88% chance
If I lose, I place a 0.48BTC bet, 0,128787625*0,505= 6.5% chance I'll lose

If I lose, I have a total loss of 0.48+0.24+0.12+0.06 (+0.03) = 0.9BTC (+0.03)

Is it worth it?
Should I cut my losses o.o

Odds of me losing 20 bets in a row should be 1 : 860 000
Which, with me having 500k bets, doesn't sound very good

You got into a series of losses and by some logic you should stop because it's easy to lose even more.But by some law of numbers after you lost 16 times in a row you probably should finally win in next few bets.I think the decision is just for you because money is just yours.If I was in your place I would stop for a while.Since you are in good campaign all you lost will be back to you anyway.I know it's not the same as getting a bet,but let's say it makes sense,at least for me.

If you still decide to bet good luck to you and to get back all the lost

Yes taking risk is up to you. and as a mate said you are in the good campaign if you lost money also you will get back it in a couple of weeks. So according to me, you can try one more time if you have luck you may win back your losses. If I am in your position, i will try once. 

I think just stop for today and come back later to try your luck because it is very high risk to bet such a high amount when bitcoin prices are so high. Since there is no guaranty that even if you play few more rolls you will win so just stop it for now and try your luck some other time. Good luck to you to get back your money but remember chasing losses in gambling always a very dangerous thing to do.

[iluvbitcoins]

Okay, I was impulsive
Deposited 0.1BTC
But didn't go with 0.06, I was going with the same 0.000001 and Martingale until I win 0.03
Seemed okay, +30% which would be a 1.3 bet after losing 16 bets in a row
But
Lost 17 bets again o.o
http://prntscr.com/gyydsp

Am I really that unlucky  
Should of cut losses right away  
Still have the bonus, I'll report back, but doing x40 won't happen lol

[milewilda]

Okay, I was impulsive
Deposited 0.1BTC
But didn't go with 0.06, I was going with the same 0.000001 and Martingale until I win 0.03
http://prntscr.com/gyydsp

Lost 17 bets again o.o

Am I really that unlucky  
Should of cut losses right away 

Sad to hear that my fellow fortunejack buddy    but well thats how gambling works.Its just a matter of win or loss and having 16x lose streak is really possible even on talking in the probability that it will come out. If you did able to risk your first plan above for sure you are losing almost 1 btc. Thats why it is really a risky thing to chase up loses on a particular day this is why we should really know to stop and call it a day.

[BlockEye]

Okay, I was impulsive
Deposited 0.1BTC
But didn't go with 0.06, I was going with the same 0.000001 and Martingale until I win 0.03
Seemed okay, +30% which would be a 1.3 bet after losing 16 bets in a row
But
Lost 17 bets again o.o
http://prntscr.com/gyydsp

Am I really that unlucky  
Should of cut losses right away  
Still have the bonus, I'll report back, but doing x40 won't happen lol

You should stop doubling your bet when it hits 10 times because it is too risky. The chance of getting more reds to come is greater than to wait for it to green then bet to cover your losses. I salute you for having a courage to bet huge amount of BTC even if it's current price was pretty high.

[harizen]

I have around 500 000 bets placed on FJ
It was a matter of time when this would happen ( placed a lot of bets on not Martingale, so it already happened a lot of times, just not with Martingale)

I got 16 losses in a row
Starting with bet 0.000001BTC
And last bet was 0.03BTC
Counting a 0.06BTC loss total



Now, my question is, should I try to win it back?

I have a total bank of around 1.6BTC on my disposal

Odds of me losing those 16 bets in a row were 0.00179%
Somewhere around 1 to 60 000

Now, if I place a 0.06BTC there's a 50.5% chance I'll lose
If I lose, I place a 0.12BTC bet,  0.505*0.505= 25.5% chance I'll lose
If I lose, I place a 0.24BTC bet, 0,255025*0,505= 12.88% chance
If I lose, I place a 0.48BTC bet, 0,128787625*0,505= 6.5% chance I'll lose

If I lose, I have a total loss of 0.48+0.24+0.12+0.06 (+0.03) = 0.9BTC (+0.03)

Is it worth it?
Should I cut my losses o.o

Odds of me losing 20 bets in a row should be 1 : 860 000
Which, with me having 500k bets, doesn't sound very good

As an experienced gambler, you must supposedly know what to do. You afford to lose that kind of amount meaning you know what output can gambling bring. Chasing losses is the stage where people just increasing the risk of losing more.

You created an analyzation and I think it's enough reference for your next move. Take the risk or stop? It's up to you.

[frmracc]

Holy damn, 16 losses in a row from 100 satoshi base bet and 2x multiplier. It must be pain in the ass, that's why i rarely bet on games that have provably fair.

Just saw you deposit again 0.1, damn dude you should cash it out when you get 0.03.

[iluvbitcoins]

Holy damn, 16 losses in a row from 100 satoshi base bet and 2x multiplier. It must be pain in the ass, that's why i rarely bet on games that have provably fair.

Just saw you deposit again 0.1, damn dude you should cash it out when you get 0.03.

Twice!
In the same day

I'm cutting my losses here, won't deposit more
Lost enough today xD

FJ has paid me enough, I'm glad it goes to them

Anyways, playing Monster Madness in a last ditch effort with the bonus
Currently at around x0.1, x39.9 to go lol

[Wall-ET]

Okay, I was impulsive
Deposited 0.1BTC
But didn't go with 0.06, I was going with the same 0.000001 and Martingale until I win 0.03
Seemed okay, +30% which would be a 1.3 bet after losing 16 bets in a row
But
Lost 17 bets again o.o
http://prntscr.com/gyydsp

Am I really that unlucky  
Should of cut losses right away  
Still have the bonus, I'll report back, but doing x40 won't happen lol

While you have x2 bet when win and you double your bet the house will allays win
as you know when your bet is x2 but the chance to lose is 50.5%...
You need to change the strategy.
As this way you risk BIG (after 10 best) to win just 1 satoshi...

Not worth it.

[mrcash02]

Personally I think it's too dangerous for the amount of money you are risking. And if you lose it will hurt a lot...

I think you should try to recover your losses only if you had more 'ammo' to spend... So you could play with few high bets, recover it fast and exit.

[YuginKadoya]

WOW! so many red color of losses you got there, I was really shock seeing this, many it is not your day for now, and n my opinion never try to win it back, it is not really your day in betting again so call it a day for now you have already lost 0.06 btc that is more than enough for the day and don't waste another Satoshi to make a win you need to just relax and call it a day and just play another day if you had feel like taking another shot on it,

[ralle14]

Holy damn, 16 losses in a row from 100 satoshi base bet and 2x multiplier. It must be pain in the ass, that's why i rarely bet on games that have provably fair.

Just saw you deposit again 0.1, damn dude you should cash it out when you get 0.03.

Twice!
In the same day

I'm cutting my losses here, won't deposit more
Lost enough today xD

FJ has paid me enough, I'm glad it goes to them

Anyways, playing Monster Madness in a last ditch effort with the bonus
Currently at around x0.1, x39.9 to go lol

Good to hear that you've cut your losses we don't want to see you lose all of you're bank in a single day and good luck with the rest of your bonus hopefully slots will give you something good in return.

Not worth it.

Definitely not, chasing for a 100 satoshi profit.

[eternalgloom]

Okay, I was impulsive
Deposited 0.1BTC
But didn't go with 0.06, I was going with the same 0.000001 and Martingale until I win 0.03
Seemed okay, +30% which would be a 1.3 bet after losing 16 bets in a row
But
Lost 17 bets again o.o
http://prntscr.com/gyydsp

Am I really that unlucky  
Should of cut losses right away  
Still have the bonus, I'll report back, but doing x40 won't happen lol

I think you made the right choice there by not playing any more after that last loss.
If I were in such a situation, I'd also be tempted to deposit more at first perhaps, but I would ultimately decide to quit playing for a couple of days at least.

Nothing worse than continuing to play when you're on a losing streak.

[marlboroza]

Now, my question is, should I try to win it back?

NO!

I have a total bank of around 1.6BTC on my disposal

6 more bad bets will kick that 1.6btc out of your wallet. I am glad that you decided to stop in time.

Odds of me losing those 16 bets in a row were 0.00179%
Somewhere around 1 to 60 000

Look at my theory:

Dice is game of combinations(HI LOW)
There are 65536 different combinations of hi-low for combination with 16 bets.
You said you made 500000 bets, it means that you probably rolled trough 31250 different combinations, including losing one.

It is like buying lottery ticket, if you buy one ticket you will have 0.0001% chance to win it, if you buy all tickets every ticket will have 0.0001% winning chance but 1 ticket will be winning one - even thought that it has 0.0001% winning chance..

Now, if I place a 0.06BTC there's a 50.5% chance I'll lose
If I lose, I place a 0.12BTC bet,  0.505*0.505= 25.5% chance I'll lose
If I lose, I place a 0.24BTC bet, 0,255025*0,505= 12.88% chance
If I lose, I place a 0.48BTC bet, 0,128787625*0,505= 6.5% chance I'll lose

No, your each roll has 49.5%* chance, combination of 3 rolls in row has 6.5% chance.

Odds of me losing 20 bets in a row should be 1 : 860 000
Which, with me having 500k bets, doesn't sound very good

The same as 16 bets in row, only more combinations.
Try this one, it is reversed martingale, i had 12 hits in row 3 times and 14 hits in row 1 time in last few days.
multiplier 2.3 - 2.4X
increase on win 90%
switch hi-low on win
start bet 1000 satoshi
stop limit 0.04BTC (i didn't set stop limit and instead of winning 0.2 or more I won much less  )
Balance - whatever you like, since you are not chasing loses with this one you can try it with 0.001btc - who knows, maybe you will hit it in first few rolls  

Edit* typo.

[iluvbitcoins]

No, your each roll has 45.5% chance, combination of 3 rolls in row has 6.5% chance.

You mean 49.5%?
Yes, exactly  

The same as 16 bets in row, only more combinations.
Try this one, it is reversed martingale, i had 12 hits in row 3 times and 14 hits in row 1 time in last few days.
multiplier 2.3 - 2.4X
increase on win 90%
switch hi-low on win
start bet 1000 satoshi
stop limit 0.04BTC (i didn't set stop limit and instead of winning 0.2 or more I won much less  )
Balance - whatever you like, since you are not chasing loses with this one you can try it with 0.001btc - who knows, maybe you will hit it in first few rolls  

Yeahh, not gonna try, just playing this bonus, and giving up when I lose
@133 mbtc right now and @1% rollover  

[bajing]

Okay, I was impulsive
Deposited 0.1BTC
But didn't go with 0.06, I was going with the same 0.000001 and Martingale until I win 0.03
Seemed okay, +30% which would be a 1.3 bet after losing 16 bets in a row
But
Lost 17 bets again o.o
http://prntscr.com/gyydsp

Am I really that unlucky  
Should of cut losses right away  
Still have the bonus, I'll report back, but doing x40 won't happen lol

If you do the same strategies it will make you broke because for get it back your lost, is needed more capital. I think using martingale can only be done once, so you have to accept the results obtained no matter win or lose. as I know using martingale over and over will not get a better result than before.