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[davinchi]

You are over estimating the gamblers. I know low entry is important but they do not really think about 20 bitcoin or 2 bitcoin maximum because many people who gamble on martingale are not really that sharp people. There are some and there are just entertainment purposes but people who are on a casino to make money and use martingale are really not that well up there. Hence, it wouldn't really matter what the maximum is.

Obviously to us that is great but not for martingale purposes, its because having a higher threshold means we can play on low amounts for high odds and so forth. Right now, I can bet like 0.0003 or so and get 1 bitcoin as a win. That is the power of big wins, and someone with more money can change that to 0.006 for 20 bitcoin win and what not. That gives you losses almost all the time but that rare possibility is what 20 max is good for.

[deisik]

You are over estimating the gamblers. I know low entry is important but they do not really think about 20 bitcoin or 2 bitcoin maximum because many people who gamble on martingale are not really that sharp people. There are some and there are just entertainment purposes but people who are on a casino to make money and use martingale are really not that well up there. Hence, it wouldn't really matter what the maximum is

Truth be told, I mostly agree with you

Clever people won't be playing martingale, and they likely won't be gambling in the first place other than for fun and entertainment only. Regarding "the power of big wins", I also agree with that point. Actually, this is what I tell myself and what is confirmed by casino owners themselves. It is not martingalers who give them most headache, it is deep pockets who bet rarely but surely and aim high at that. These guys are their main concern

[broke_tradah]

You are over estimating the gamblers. I know low entry is important but they do not really think about 20 bitcoin or 2 bitcoin maximum because many people who gamble on martingale are not really that sharp people. There are some and there are just entertainment purposes but people who are on a casino to make money and use martingale are really not that well up there. Hence, it wouldn't really matter what the maximum is

Truth be told, I mostly agree with you

Clever people won't be playing martingale, and they likely won't be gambling in the first place other than for fun and entertainment only. Regarding "the power of big wins", I also agree with that point. Actually, this is what I tell myself and what is confirmed by casino owners themselves. It is not martingalers who give them most headache, it is deep pockets who bet rarely but surely and aim high at that. These guys are their main concern

Something to ponder.  If you're running a business and someone is exploiting you,  are you going to tell others that the exploit is working?  Or are you going to say that the exploit is pointless and not worth trying.  Anything that a casino is afraid of will automagically be labeled as "Never works" but for some reason they mysteriously put in rules that are attempts to thwart it (such as the max bet amount).  It's just good business practice to word it that way.  They want to discourage people from doing it,  not encourage by saying something could work.  Whenever someone tells you that something doesnt affect them,  always assume the complete opposite until proven otherwise.

[deisik]

Clever people won't be playing martingale, and they likely won't be gambling in the first place other than for fun and entertainment only. Regarding "the power of big wins", I also agree with that point. Actually, this is what I tell myself and what is confirmed by casino owners themselves. It is not martingalers who give them most headache, it is deep pockets who bet rarely but surely and aim high at that. These guys are their main concern

Something to ponder.  If you're running a business and someone is exploiting you,  are you going to tell others that the exploit is working?  Or are you going to say that the exploit is pointless and not worth trying.  Anything that a casino is afraid of will automagically be labeled as "Never works" but for some reason they mysteriously put in rules that are attempts to thwart it (such as the max bet amount)

I'm not sure I understand what you mean to say

The max bet amount depends on the size of the casino bankroll as this limit is vitally important for the casino's well-being. The max bet is limited against deep pockets who could ruin it by staking more than a casino can stand losing. But this is not a secret, so I don't really see much sense in your pointing that out. There is nothing "mysterious" about it because it is an essential part of the bankroll management

[broke_tradah]

The max bet amount depends on the size of the casino bankroll as this limit is vitally important for the casino's well-being. The max bet is limited against deep pockets who could ruin it by staking more than a casino can stand losing. But this is not a secret, so I don't really see much sense in your pointing that out. There is nothing "mysterious" about it because it is an essential part of the bankroll management

This is what they want you to think.  But the real reason for ANY casino to have a max bet is to protect against those with deep pockets AND using martingale (they dont care about people with very little capitol using martingale).  You need to get your facts straight.  Any casino that tells you martingale is flawed is just trying to coax people into NOT using it (which makes no sense at all if you are to believe them that it doesnt do anything).  If it were so bad,  casinos would be BEGGING you to use it.  Do you see that around here?  No,  instead you see the complete opposite which is a huge red flag if you use common human psychology 101.  When someone tells you one thing,  believe the complete opposite until proven otherwise.  This doesnt go for just casinos and martingale,  it goes for ANYTHING that deals with interaction with a human.  Try to use martingale at any brick/mortar casino and you'll quickly notice that you get kicked out and BANNED the minute you reveal that you have the bankroll to back it up.  It's hands down the FASTEST way to get blackballed second only to counting cards in single and double deck blackjack (if you can find one lmao,  good luck with that).

[TheQuin]

~

I'm not sure I understand what you mean to say

That's because everything he says is complete and utter bullshit.

Prime example:

~BTW I have a bot that will get you your 3BTC back.  Just give it 30BTC and let it go to work.  You'll get your 3BTC back in no time. Guarenteed. ~

The bullshitting peddler of a pony shitbot dice script can't even spell guaranteed let alone back it up. The real human psychology at play here is is that many people so want to believe that there is a magic formula to get rich without any work or effort on their part they fall prey to unscrupulous snake oil salesmen promising the impossible.

[deisik]

The max bet amount depends on the size of the casino bankroll as this limit is vitally important for the casino's well-being. The max bet is limited against deep pockets who could ruin it by staking more than a casino can stand losing. But this is not a secret, so I don't really see much sense in your pointing that out. There is nothing "mysterious" about it because it is an essential part of the bankroll management

This is what they want you to think.  But the real reason for ANY casino to have a max bet is to protect against those with deep pockets AND using martingale (they dont care about people with very little capitol using martingale).  You need to get your facts straight

You sound so funny

A max bet is to protect the casino bankroll, i.e. it is "against" people staking too much which could potentially threaten the casino's financial resilience and ability to pay out. It is not directed specifically against martingalers or whatever. Indeed, they don't care about people with too little capital as the latter are no threat to them and cannot ruin the casino. So what facts should I actually get straight first?

[TheQuin]

A max bet is to protect the casino bankroll, i.e. it is "against" people staking too much which could potentially threaten the casino's financial resilience and ability to pay out. It is not directed specifically against martingalers or whatever. Indeed, they don't care about people with too little capital as the latter are no threat to them and cannot ruin the casino.

This is absolutely the case. High rollers are the biggest risk to a casino as they can put a big dent the bankroll in just a few bets. For example, someone that can flat bet the max win of 20 BTC at 2x ten times in a row might get lucky and win 8 out 10 bets netting 120 BTC in a few seconds. The small sample size of bets means that level of variance is very common. The Martingale player would place a vast quantity of smaller bets meaning the potential variance is much smaller and the result much closer to the expected value.

[deisik]

The small sample size of bets means that level of variance is very common. The Martingale player would place a vast quantity of smaller bets meaning the potential variance is much smaller and the result much closer to the expected value

That's the point which martingalers fail to understand

The longer you play the less room there is for luck to have a say on the outcome (and more for the house edge). So it all comes down to either earning dust (but still exposing yourself to the risk of losing all) or losing all if you start big and let the house edge as well as variance catch up with you soon. All in all, it is a losing strategy unless you have a few million bitcoins and there is no max bet limit enforced by the casino. But in that very case using martingale would be an exercise in stupidity and futility as you could just bet high right away and have luck play along

[slaman29]

Prime example:

~BTW I have a bot that will get you your 3BTC back.  Just give it 30BTC and let it go to work.  You'll get your 3BTC back in no time. Guarenteed. ~

Oh cool, this was the same guy who wanted to give me a lot of BTC to prove I can get 30x wager with my deposit. Didn't realise he was so easy with making all kinds of guaranteed claims. If he can really get back 3 BTC in no time with his bot, why is he wasting his time on this forum? I'd be whaling in las vegas with that kind of money in no time.

[cabalism13]

Oh cool, this was the same guy who wanted to give me a lot of BTC to prove I can get 30x wager with my deposit. Didn't realise he was so easy with making all kinds of guaranteed claims.

Do bots really give you money through a certain faucet? I really doubt that statement, for what I have experienced these bots are just a common junk that fools people that they can even withdraw a money without an initial deposit, Most of these things, when you're about to reach your minimum coins for withdrawal request they will certainly shutdown. Then another bot will appear and another cycle will be produced.

If he can really get back 3 BTC in no time with his bot, why is he wasting his time on this forum? I'd be whaling in las vegas with that kind of money in no time.

I won't work anymore and let this bot earn for my living expenses Everybody will get rich within days!

[deisik]

Oh cool, this was the same guy who wanted to give me a lot of BTC to prove I can get 30x wager with my deposit. Didn't realise he was so easy with making all kinds of guaranteed claims.

Do bots really give you money through a certain faucet? I really doubt that statement, for what I have experienced these bots are just a common junk that fools people that they can even withdraw a money without an initial deposit, Most of these things, when you're about to reach your minimum coins for withdrawal request they will certainly shutdown. Then another bot will appear and another cycle will be produced

As I got it, he talks about a martingale bot

So it is not about claiming free coins from a certain faucet (e.g. FreeBitco.in). Technically, if you have 30 BTC, you can make 3 BTC with martingale. But unless you bet high and risk losing all in a dozen of consecutive losses (which happens within literally minutes of automatic betting), that will likely take you a lifetime. So he asks you to give him 30 BTC and promises to give back some 3 BTC above that amount but doesn't specify in which amount of time. This is what we have if we assume that he is not just a scammer

[jackg]

Oh cool, this was the same guy who wanted to give me a lot of BTC to prove I can get 30x wager with my deposit. Didn't realise he was so easy with making all kinds of guaranteed claims.

Do bots really give you money through a certain faucet? I really doubt that statement, for what I have experienced these bots are just a common junk that fools people that they can even withdraw a money without an initial deposit, Most of these things, when you're about to reach your minimum coins for withdrawal request they will certainly shutdown. Then another bot will appear and another cycle will be produced.

I don't know the bots that are designed to reap the faucet by damaging the timer used to work afaik (although there are wayts to imporve a sites security against this so I doubt the still do).
There's also the thing if getting your to sign up under their affiliate link or getting you to sign up through their bot so they can then login to your account by using the cookie. @TheQuin do cookies expire once one logs out or not if not maybe this should be implemented?
There are gambling bots that normally have an inbuilt stop function and there are some insane people that are running them that randomely stop the bot whenever they hallucinate and see odd visions of themselves...
If you mean by a regular bot running a generic strategy like martingale then they can win but you might risk 0.1BTC+ in order to gain a satoshi...

P.S. can you slow down your avatar to about half the speed it's a little dizzying atm...

[raven7886]

The max bet could be broken even with a person who gets lucky hitting 90%+ win couple times in a row without losing. If you have 500 bitcoin bankroll and instead of giving 10 bitcoin max and just destroy the book by making it 500 max bet because you have that much, someone with 500 bitcoins can come in and play on 50% and win and make you lose all your money. Why would it have to be about big pockets and martingale, what are they going to do with martingale that just one huge bet can't do.

If you have a big deep pocket you can just win whenever you want with the max bet and if you lose try again and eventually on a 50% bet you will get it quite quickly. Hence it makes no sense to allow all of the house bankroll to be in danger. Martingale has never worked for anyone, never, if it did then everyone would have gone with martingale constantly and bankrupt all the casinos out there.

[broke_tradah]

So he asks you to give him 30 BTC and promises to give back some 3 BTC above that amount but doesn't specify in which amount of time.

No this is not what I meant.  I said give it to the bot,  which essentially means deposit it into your own account and then the bot will bet for you.  It's extremely likely that if you were to do this,  you would absolutely win at least 3BTC in profit due to the sheer size of the bankroll it's playing with.  But if you give it 30BTC and expect it to win you 90BTC and you dont have the bankroll to back it up (which would be about 300 BTC),  you're on crack.  As the saying goes, you would be better off just putting it all on black and letting it ride.  Like I said before,  martingale is a TOOL,  not a get rich quick scheme.  I dont know where all these morons get the idea that I ever state that this bot will make you rich in a day and then they make retard claims that everyone would be doing it,  yada yada yada.  I actually state the complete opposite and have and will say again that 95% of you dont have what it takes to use martingale properly (which is discipline,  intelligence, and persistence).  I'll also mention that bet size isnt the only thing that can be 'martingaled'.  Using just bet size alone is the best way to get rekt.  And the time it takes to win back 3BTC with 30BTC would depend upon how aggressive you make the settings.  The bot is versatile enough to do it in 1hr or 1yr.  The longer it takes,  the better your chances of reaching a sub 95% goal (-5% for the house edge).  Once you find a length of time that will out live you or the goal you've set (1yr for example),  you've found what you need to be playing with.  This is about being SUCCESSFUL.  Not a magic wand that lets you win every session for eternity.

[deisik]

I'll also mention that bet size isnt the only thing that can be 'martingaled'.  Using just bet size alone is the best way to get rekt

And what else are you going to "martingale"?

The only thing that I can think of is doubling the odds. But I don't see how it is going to help you beat the house. Anyway, as others have asked and I join them in their inquiry, why are you not using your bot at sites which have the house edge at 1%, i.e. 5 times lower than at FreeBitco.in? Most "state of the art" casinos have pretty complex and comprehensive api's that would make you insanely rich in less than no time. And to avoid being noticed and booted, you can milk a dozen casinos at once, little by little

[broke_tradah]

I'll also mention that bet size isnt the only thing that can be 'martingaled'.  Using just bet size alone is the best way to get rekt

And what else are you going to "martingale"?

The only thing that I can think of is doubling the odds. But I don't see how it is going to help you beat the house. Anyway, as others have asked and I join them in their inquiry, why are you not using your bot at sites which have the house edge at 1%, i.e. 5 times lower than at FreeBitco.in? Most "state of the art" casinos have pretty complex and comprehensive api's that would make you insanely rich in less than no time. And to avoid being noticed and booted, you can milk a dozen casinos at once, little by little

No you dont "double the odds" either,  you only need to lower the odds just enough such that it covers all previous bets and to do that, you dont need to 'double' it.  I've also mentioned in the past why I specifically target Freebitco.  It's because it has the largest house edge and thus it gets hit with my public version of the bot.  I do use it on other sites when I have the need to do so but I certainly dont release those to the public.  If some whale comes along and starts using my bot,  Freebitco is going to go right down the tubes.  So to prepare for such a scenario,  I only released it for the worst house edge site with a decent BPS on the interwebs (which is freebitco).  It also has the highest BPS compared to other 4 and 5% sites as well.  The higher the BPS the better it's suited for bot use.  Simple.  Anyone who's into casinos knows what BPS is and it should not need to be explained.  If a casino wants to invite bots to it (most, if not all cheating casinos do) they will raise the BPS to attract them and thats exactly what freebitco has done.  They have also openly stated that they are in favor of dice bots which goes to explain why the BPS is what it is.  If the BPS is lowered,  then they could no longer make the claim that they are in favor of dice bots as that would actually discourage their use,  not encourage it.  I've hinted at this for over a year without actually explaining it,  but it's clear that no one here has the experience nor intelligence to get the hint.  Or maybe they have no clue what BPS is and didnt even realize thats what attracts bots.  If thats the case,  then they really dont have any business running a casino in the first place as they would get rekt unless they did some kind of cheating (which we all know they do since it's been proven that seeds are changing after rolls,  there is an entire thread about it in the scam accusations forum).

[jackg]

I'll also mention that bet size isnt the only thing that can be 'martingaled'.  Using just bet size alone is the best way to get rekt

And what else are you going to "martingale"?

The only thing that I can think of is doubling the odds. But I don't see how it is going to help you beat the house. Anyway, as others have asked and I join them in their inquiry, why are you not using your bot at sites which have the house edge at 1%, i.e. 5 times lower than at FreeBitco.in? Most "state of the art" casinos have pretty complex and comprehensive api's that would make you insanely rich in less than no time. And to avoid being noticed and booted, you can milk a dozen casinos at once, little by little

They have lower referral commission.

Also, no one said anything about doubling odds. You can increment an increase slowly if you start with certain odds to begin with. Multiplying both by a small amount wouldn't be a horrible idea...

[deisik]

I'll also mention that bet size isnt the only thing that can be 'martingaled'.  Using just bet size alone is the best way to get rekt

And what else are you going to "martingale"?

The only thing that I can think of is doubling the odds. But I don't see how it is going to help you beat the house. Anyway, as others have asked and I join them in their inquiry, why are you not using your bot at sites which have the house edge at 1%, i.e. 5 times lower than at FreeBitco.in? Most "state of the art" casinos have pretty complex and comprehensive api's that would make you insanely rich in less than no time. And to avoid being noticed and booted, you can milk a dozen casinos at once, little by little

They have lower referral commission.

Also, no one said anything about doubling odds. You can increment an increase slowly if you start with certain odds to begin with. Multiplying both by a small amount wouldn't be a horrible idea

Well, I didn't intend it to mean like literally doubling the odds, up or down

Sorry for the confusion created, it's my fault. I meant to say you can tweak the odds in the same way as you change the bet amount, i.e. to compensate for the accumulated loss and likely to earn something. Personally, when I used martingale myself (these times are long gone), I set the odds in such a way that doubling the bet (in this case literally doubling it) would earn me twice as much as I lost on previous steps (to me, it looked like true to the game martingale). Earning just 1 satoshi as with "standard" or "official" martingale seems like a really stupid idea

[slaman29]

Just to comment on martingaling with 1 satoshi as a stupid idea, I agree in general, but then to me, martingaling in general at any amount is a stupid idea IF the idea is to win and profit at the lowest risk.

I use martingale at 1 sat quite a lot, but only at sites where betting speed is high (usually for 1 satoshi, it's too slow and pointless). At the end of the day, perhaps best case scenario I can do half a million bets like this on a 0.01 or higher bankroll. It may or may not bust, my experience is it busts in a few days. BUT the objective is not to profit, but to delay the bust for a long as possible to get wagering amounts.

In case of Freebitcoin, it's on weekends to maximise RP and bonus. That's all Plus get those lottery tickets... you never know

This IS GAMBLING after all!