This Is How You Can Earn Bitcoins From Dice Games

[BitCoinPokerBro]

MOD EDIT:
There is no guaranteed return when gambling

First and most important you NEED a dice game offering Satoshi or smaller bet size. Yes some sites offer smaller than Satoshi bets such as http://primedice.com/index.php which has no minimum bet <- Yes that is an affiliate link use it or don't it's up to you. http://Just-Dice.com is another great site with Satoshi size bets (featured below). Both Prime and Just can be trusted 100%. Deposit and withdrawal is flawless, both sites work without any issues, and neither is lacking in the design department.

I had originally planned on building BTC 0.3 to BTC1 but as you'll see later I decided to shift into hyper drive with 4x bet multiplier which honestly isn't safe to bet with under BTC2. However I recommend 2.5-3x as a safer bet since it is the best option for anyone with less than a 2 bitcoin balance. 3x earns a little bit slower but you wont get insane amounts of losses in a row either.

The theory behind this system is you want to lose. Yes I know it sounds insane! It'll all become clear soon. Combining 3x multiplier with the famous Martingale betting system allows you be rewarded the more times you lose the more you will win.

Here's an example Bucky bets 10 loss bets 20 loss bets 40 loss bets 80 win  1/3 of the win covers the original bet 1/3 of the win covers all the previous bets and 1/3 is added to Bucky's balance. This is much better than betting 2x multiplier since every martingale level/loss only returns 1 betting unit to the player. If your going to risk the money might as well get paid for it right?

Where most martingale systems fail this one shines. Roulette is a classic example of a true martingale game. Red/black odd/even ect all classic martingale bets with roughly 50% odds. The problem is most people don't carry around $50,000 to cover the larger losing streaks. With Bitcoin and Satoshi size beting we can avoid going bust by betting the smallest number in hopes of a long losing streak of 10-20 (3x example more with 4x) which will earn anywhere from BTC0.001 to .1. The point is odds are in our favor 30 losses in a row will not happen on a 33% bet (again 3x example). We use these odds to play the system in reverse. The result is a lot of small somewhat insignificant wins and a few really large ones. Then we run with the money while we still have it.

This is how the night started



The idea was to start with a vary small balance and build up to a bitcoin. Instead (as you'll see below) I decided to deposit BTC1.8 ultimately risking more to make more. The idea is the same no matter what the starting balance is from BTC0.01-100.



Couple of notes.
1. I actually started with 2 then bet 2 again. This was an accident. The bet should have started with 1 then 2 ect.
2. Totally skipped number 4 when numbering note bubbles.... Doh!


This last photo is to prove I really did start with BTC1.8.




A good portion of total bets were from when the balance was BTC0.3. So don't think it'll take 9,000 bets to make 3 bitcoins. Most of this money was made in the last 2-3000 bets. At 20-40 bets a minute it adds up fast.



Good Luck and Good Betting,
PokerBro

Edit: Working on another example



Update Profit 10 bitcoins



Caution do NOT get greedy. These betting websites are setup to take your money not give you theirs.

[n4ru]

This does not favor you if you decide to keep playing.

You will lose 20 times in a row and go broke. This is dictated by math.

[favdesu]

This Is How You Can Earn Bitcoins From Dice Games

Easy: don't use them.

/thread

This does not favor you if you decide to keep playing.

You will lose 20 times in a row and go broke. This is dictated by math.

+1

[BitCoinPokerBro]

This does not favor you if you decide to keep playing.

You will lose 20 times in a row and go broke. This is dictated by math.

Obviously as shown above I lost 25 times in a row and still won. You evidently didn't read the description your just a broke ass hater one of the two? Not only that I just updated the thread with another profit this time 10 bitcoins. I'll waste a few hours on these sites for $770 any day.

[n4ru]

This does not favor you if you decide to keep playing.

You will lose 20 times in a row and go broke. This is dictated by math.

Obviously as shown above I lost 25 times in a row and still won. Evidently you didn't read the description your just a broke ass hater one of the two? Not only that I just updated the thread with another profit this time 10 bitcoins. I'll waste a few hours on these sites for $770 any day.

Stay upset

[DeathAndTaxes]

This does not favor you if you decide to keep playing.

You will lose 20 times in a row and go broke. This is dictated by math.

Obviously as shown above I lost 25 times in a row and still won. Evidently you didn't read the description your just a broke ass hater one of the two? Not only that I just updated the thread with another profit this time 10 bitcoins. I'll waste a few hours on these sites for $770 any day.

What happens when you lose 26 times?  Your odds of winning haven't changed at all.  You have merely shifted the game from one with a large chance of losing and a large gain to one with a small chance of losing and a small gain.  If you play enough your actual outcome will converge on the expected outcome.  If this could cause the house to lose they simply wouldn't allow you to play.  The house could make a game which does this on a single roll. 



Expected Outcome = -1 * (house advantage) * ( amount wagered)

this is true of any game of chance.  

[infested999]

This does not favor you if you decide to keep playing.

You will lose 20 times in a row and go broke. This is dictated by math.

Obviously as shown above I lost 25 times in a row and still won. You evidently didn't read the description your just a broke ass hater one of the two? Not only that I just updated the thread with another profit this time 10 bitcoins. I'll waste a few hours on these sites for $770 any day.

Are you an idiot? You will just lose 29 times in a row and all your money is gone.

[Professor James Moriarty]

 There were 37 time loss that I could see , you cant manage to overcome 37 times in a row loss. I mean on martingale there will be a day when you lose all because of a bad luck , not other option.

 If you want to get rich , play %1 with all of you coins. If you win that x99 , after that just leave.

[eltopo]

As an investor of just-dice I'd like to say: Keep it going!  

[pikeadz]

As an investor of just-dice I'd like to say: Keep it going!  

Pretty sure the OP is an investor too. Or at least a donator. 

[favdesu]

As an investor of just-dice I'd like to say: Keep it going!  

guess I should invest too, sounds like easy money

[AzureEngineer]

This is a good way to lose all of your money in the span of a few minutes or hours. OP does not understand basic statistical probability. Losing does not make your chance of winning increase.

[eltopo]

As an investor of just-dice I'd like to say: Keep it going!  

Pretty sure the OP is an investor too. Or at least a donator. 

Screenshots say there is no investment. He will be a donator of course, investors just have to sit back and relax... 

[eltopo]

As an investor of just-dice I'd like to say: Keep it going!  

guess I should invest too, sounds like easy money

No no no... gambling is the way to go, believe me! 

[n4ru]

This is a good way to lose all of your money in the span of a few minutes or hours. OP does not understand basic statistical probability. Losing does not make your chance of winning increase.

My roommate lost all 4 of his bitcoin doing martingale in coinroll.it after seeing me win $80 in 20 minutes. Of course I only bet what I could afford to lose. He was rather upset though and after probability kicked his ass he stopped using BTC

As a side note, this betting system is actually quite amazing with bitcoin because it eliminates two of the big downfalls of doing it in casinos: time and table limits.

Now if only you had an infinite bankroll

[Fallout]

If you had an infinite bankroll, you would still hit the betting limit at some point

[vlees]

1. Doubling on 3x payout is unnecessary to apply martingale.
2. I lost 25 times in a row on 50% win chance on Just-Dice, which is expectable. On a 33% winchance you will quickly reach way bigger losing streaks

[dirtscience]

Thanks for this im going to give it a try.

[Jgguy]

Eventually there will be a string of losses that either busts you or hits the maximum bet.  Its true that it is pretty unlikely when you first start the round at 1 satoshi that you will have 30 losses in a row.  But when you are on loss #29, roll #30 will still have a 66% or 75% chance of losing, it doesn't care that about your previous rolls.

The only way martingale can guarantee a profit is if you have unlimited money and the house has unlimited money.

[infested999]

Eventually there will be a string of losses that either busts you or hits the maximum bet.  Its true that it is pretty unlikely when you first start the round at 1 satoshi that you will have 30 losses in a row.  But when you are on loss #29, roll #30 will still have a 66% or 75% chance of losing, it doesn't care that about your previous rolls.

The only way martingale can guarantee a profit is if you have unlimited money and the house has unlimited money.

What is interesting with just-dice though is the user contributed bankroll. Right now the "max profit" is 1% of the bankroll, but in the beginning it was 100%. This means that back then you could actually martingale because each time you lose, the bank gains that much, essentially making the bank have unlimited bankroll.