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Author Topic: How To Double Your Bitcoins Using Martingale Strategy  (Read 1717 times)
Meizirkki
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September 29, 2013, 02:53:17 PM
 #21

I did this too a year or two ago. I doubled my coins, then lost them all.
This is usually what happens in the end when doing martingales
I was unfortunate enough to think of this strategy myself before reading about it. Damn it was addictive, for a few days I was getting twice the income I get by working Cheesy
Funny the bell in your head doesnt ring "If it sounds too good to be true, it is"
Of course I was aware of the risks, the first day I lost half of moneys but then started to use smaller bets and so on. It was very addictive like I said. Wink

I've taken it as an important lesson. And this lesson actually had an overall good impact on my life and monetary situation. I worked hard for a few weeks and bought coins till I had more than I ever had before. Without gambling and losing I would have never worked and gotten so many coins.
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uoyeparannog
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September 29, 2013, 03:12:30 PM
 #22

Quote from: b!z
Yet they won't work in the long run either. The only real 'strategy' to win in gambling is to be the house Wink
Of course. (it's not sarcasm)

Quote from: Birdy
There is no involved in pure gambling games, it's chances and luck only.
There's some beting systems that "changes" (simplified definition) win chances, but only for short run, and finally You'll end up with pure randomness anyway - but mixing systems, changing them during gameplay, testing it, researching and such is very funny. For example when I play with 0.1 bankroll, I like to make it 0.15 or so with Oscar's progression, then bet for a while without any system, run Labouchere with 5% target after, then some small, risky Martingale et cetera - gambling is fun if You assume that Your bankroll is "payment" made for game, and winnings are just optonal. If someone gambles only for profit - it's not way to go. Of course we are all only humans, sometimes even I "want to win", falling into addiction or just blinding myself - no shame here, that's part of gambling too.
By the way, are Your nick is related to Wharton's art?

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September 29, 2013, 03:16:38 PM
 #23

I am trying a new method.

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September 29, 2013, 03:50:44 PM
 #24

I am trying a new method.
what method?

msc
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September 29, 2013, 03:59:05 PM
 #25

There is no strategy involved in pure gambling games, it's chances and luck only.
If you want strategy, you will have to play games like poker that aren't 100% luck (e.g. bluffing is possible)
Yes, and with pure chance games there's a fallacy of winning and losing streaks.  Streaks exist, but you can't predict when they'll start or end.
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September 29, 2013, 04:05:27 PM
 #26

Yes, and with pure chance games there's a fallacy of winning and losing streaks.  Streaks exist, but you can't predict when they'll start or end.

Pretty much sums up all of the dice games (except the non provably fair, those one's can have predictable streaks usually losing tho). Yeah, if you want to put actual skill into winning something while betting, sports betting or games like poker are the best way to go.
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