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[pawanjain]

The huge balance requirement is the major reason why most of us lose money in martingale.

There is no huge balance that is sufficient for being successful at martingale strategy. For being successful, you need an unlimited balance.

LOL  

If only one would have unlimited balance then he wouldn't be playing martingale strategy at first place.
But I do get your context that the amount required is damn huge. This is why most of us fail to win in the long run.

This is one of the reasons that I like to bet from time to time on freebitco.in as it offers something else besides the regular sportsbooks you have. When I bet on the price for the cyrptocurrencies, I would only bet near the end of the month, but for betting on tennis or soccer matches, this time multiplier can give you a nice bonus.

Unfortunately this time even if you could bet until the day before the end of the month, it would have been hard to guess the price. Because we still don't know if BTC will close the month below or above $30k this month. I hope it will be above 30k because odds are higher (4.32 vs 2.19) and it would let me get some profits but BTC is still remaining at the bottom of $29k currently. You should try Formula One bets too, it's very exciting too.

Bitcoin price prediction was indeed tough for this month as the price kept bouncing up and down.
To be honest, I forgot about the price prediction this time and missed the bet but I think it was for good since the volatility is high this time.

[Juggy777]

This is one of the reasons that I like to bet from time to time on freebitco.in as it offers something else besides the regular sportsbooks you have. When I bet on the price for the cyrptocurrencies, I would only bet near the end of the month, but for betting on tennis or soccer matches, this time multiplier can give you a nice bonus.

Unfortunately this time even if you could bet until the day before the end of the month, it would have been hard to guess the price. Because we still don't know if BTC will close the month below or above $30k this month. I hope it will be above 30k because odds are higher (4.32 vs 2.19) and it would let me get some profits but BTC is still remaining at the bottom of $29k currently. You should try Formula One bets too, it's very exciting too.

@babygun indeed wagering on prices is really fun and equally risky, because it’s literally impossible to say where it’ll end due to the multiple factors involvement in determining it’s true value. @Saint-loup currently it’s looking to end just below $29400, and I don’t think it’ll race to $30k today because there’s no big news that can accelerate the prices.

[TheQuin]

The huge balance requirement is the major reason why most of us lose money in martingale.

There is no huge balance that is sufficient for being successful at martingale strategy. For being successful, you need an unlimited balance.

Even an unlimited balance won't help you when you hit the max win limit and can't place the next bet. The real secret to success in martingale is the same as in all gambling, quit while you are ahead.

[piebeyb]

The huge balance requirement is the major reason why most of us lose money in martingale.

There is no huge balance that is sufficient for being successful at martingale strategy. For being successful, you need an unlimited balance.

Even an unlimited balance won't help you when you hit the max win limit and can't place the next bet. The real secret to success in martingale is the same as in all gambling, quit while you are ahead.

Actually this is good advice to stop when you really win it but don't ever target a win, because that will lead to the next defeat, and even then based on the experience I experienced yesterday like that yesterday I should have stopped but somehow I still continue because I started Greedy has not yet reached the desired point so just keep playing.

The only way is to stop when you really win it and don't continue playing unless you want to run the risk of losing even more, but martingale is not a powerful strategy to beat the dealer let alone other casino games, just use other strategies and the ability to control yourself also the feeling of wanting to reach a point sometimes it makes us greedy. lol

[Slow death]

To be exact, in order to release a 1000 satoshi bonus, you need to wager at least 50,000 satoshi. So, when you asy that a bonus has a "low wagering requirement," I would take that with a grain of salt. 

So will anyone risk 50,000 satoshi wagering to get 1000 satoshi ? The risk is too high as compared to the reward. Yes, if you want to gamble, you can do it but do not force yourself to gamble in order to complete the wagering requirements to claim the bonus.

This is one of the reasons that I like to bet from time to time on freebitco.in as it offers something else besides the regular sportsbooks you have. When I bet on the price for the cyrptocurrencies, I would only bet near the end of the month, but for betting on tennis or soccer matches, this time multiplier can give you a nice bonus.

Betting on BTC price on freebitco is most interesting betting I found on this site. es, it is better to bet as late as possible so we can have more chances of guessing the price correctly. Right now you can bet for the bitcoin price on 31 May, 2023 and betting will end in 24 days. Better to place the bet after 23 days so you know what the current Bitcoin price at that time is.

when it comes to gambling, it is always good for people to keep in mind that they have to choose the highest prize in order to compensate for the many losses they will have, for example in the case of betting on the price that bitcoin will have, the person knows who has a lot of chance of losing so you have to choose high odds, imagine choosing odds of @2.00 then you hit, but you know that you will continue to play, and if you lose 2 times then you are at a loss, but if you place bets with odds of @6.00 or @10.00 when you win you will have more chances to bet and if you lose you will still be in profit

see the betting case for the next month



it is a somewhat risky bet but in my opinion it will be worth taking the risk, of course you should put a small amount of money, but I am thinking of betting on this prediction, this odd is excellent, but I need to wait a few more days to that I do a good analysis of the price of bitcoin, as it is trying to break 30,000$ - 31,000$ I have to analyze if when it breaks 31,000$ it will rise a lot to the point of breaking the 34,000$ which would result in a very fast rise to 39,000$ which is the strongest support after 34000$, in short, these are things that I need to consider before placing a bet, but for me it is only worth placing bets with very high odds

[so98nn]

This is one of the reasons that I like to bet from time to time on freebitco.in as it offers something else besides the regular sportsbooks you have. When I bet on the price for the cyrptocurrencies, I would only bet near the end of the month, but for betting on tennis or soccer matches, this time multiplier can give you a nice bonus.

Unfortunately this time even if you could bet until the day before the end of the month, it would have been hard to guess the price. Because we still don't know if BTC will close the month below or above $30k this month. I hope it will be above 30k because odds are higher (4.32 vs 2.19) and it would let me get some profits but BTC is still remaining at the bottom of $29k currently. You should try Formula One bets too, it's very exciting too.

@babygun indeed wagering on prices is really fun and equally risky, because it’s literally impossible to say where it’ll end due to the multiple factors involvement in determining it’s true value. @Saint-loup currently it’s looking to end just below $29400, and I don’t think it’ll race to $30k today because there’s no big news that can accelerate the prices.

This month was one of the most volatile for betting on bitcoin price or technically other two as well. Damn this is so close call to take.

Even the range 27-30k has 39% bet count while the lower slot has 32%. Im not sure how everyone got distributed so much equally but this itself tells us everyone had wobbling mind while deciding where to put the money.

It’s clear though those who had stakes on the first range are already winner. I highly doubt bitcoin will rise to 30k and above in next 6-7 hours which marks the end up of this month.

By the way I’m one of the bettor and have fingers crossed for the current price resistance. I know we should be looking at bitcoin rallying upwards but just for next 6-7 hours we can hold it. Lolz. 

[Mahdirakib]

To be exact, in order to release a 1000 satoshi bonus, you need to wager at least 50,000 satoshi. So, when you asy that a bonus has a "low wagering requirement," I would take that with a grain of salt. 

In that case, you should read my previous post. I try to make 20k-30k satoshi profit with average bet amount after taking the bonus with 1k-2k satoshi. Then I use wagering method to unlock the 20k-30k satoshi bonus balance. It is easy to complete the 50k to 100k satoshi wagering requirement with the increased bonus balance. But it is difficult to complete the higher wagering requirement by making a small profit of 20k-30k satoshi when I claim a big bonus. The wagering requirement is 0.0125 BTC when I claim the bonus of 0.00025 BTC.

[babygun]

The huge balance requirement is the major reason why most of us lose money in martingale.

There is no huge balance that is sufficient for being successful at martingale strategy. For being successful, you need an unlimited balance.

Even an unlimited balance won't help you when you hit the max win limit and can't place the next bet. The real secret to success in martingale is the same as in all gambling, quit while you are ahead.

Solid advice but how often do you see people doing that. When you are winning, you get greedy and want to win more. When you are loosing, you want to win back your losses and bet crazy. I find it easier to contain myself in real life casinos as my betsizes are higher than online.

[Saint-loup]

This is one of the reasons that I like to bet from time to time on freebitco.in as it offers something else besides the regular sportsbooks you have. When I bet on the price for the cyrptocurrencies, I would only bet near the end of the month, but for betting on tennis or soccer matches, this time multiplier can give you a nice bonus.

Unfortunately this time even if you could bet until the day before the end of the month, it would have been hard to guess the price. Because we still don't know if BTC will close the month below or above $30k this month. I hope it will be above 30k because odds are higher (4.32 vs 2.19) and it would let me get some profits but BTC is still remaining at the bottom of $29k currently. You should try Formula One bets too, it's very exciting too.

@babygun indeed wagering on prices is really fun and equally risky, because it’s literally impossible to say where it’ll end due to the multiple factors involvement in determining it’s true value. @Saint-loup currently it’s looking to end just below $29400, and I don’t think it’ll race to $30k today because there’s no big news that can accelerate the prices.

Yes but BTC price is not anymore below $29400 it's currently around 29700$. So I agree with you the chances are small to see it above 30k in 6 hours from now but bull whales could push it a little bit in order to get a good monthly close.
Anyway the day won't be so bad for me fortunately because Sergio Perez just won the Azerbaijan Grand Prix with pretty nice odds.

[FinneysTrueVision]

For how long is roll history is available to the user? [vg. number of days, number of rolls, etc]

From what I can tell only up to a month of roll history is available. This has always been the case for me as for as long as I remember.

[FanEagle]

I'm not sure that martingale is still the mainstay strategy for many gamblers because this type of strategy requires a lot of money to use and not all types of games can use the martingale strategy.
We must really understand in advance what game we will choose so that we can determine the method and strategy that is suitable for use.
I have used this strategy several times, but when I was still at the beginning of a game session with small bets, we could get a profit, we had to immediately move on to another game because if not, then all the balance you had would be gone without remainder.
Strategy is important but it will be more important to be able to find the right type of game and how to use the strategy that we have so that we don't fail in every game session.

I think even a lot of money can't fix it, there has been a lot of tries that failed eventually because it's a bad method, in the end the more you gamble the higher chance of getting bad streaks, someone calculated that if you gamble thousands and thousands of hands, then you end up with a loss streak for sure, the possibility of it becomes unavoidable.

It means that even if you have tens of millions of dollars, even if there were no max bets, even if you could bet 100 million per bet, you would not be able to keep winning and end up losing eventually. Doesn't matter if you are Elon Musk who sold everything and used the money to gamble, mathematically it will always end up with a loss if you keep gambling that way, there is no longer term win with martingale.

[STT]

Theres always a fee to playing a game so the ideal is really to win fast and exit.    That qualifies as lucky because the game must take a certain percent for its operating costs etc.  so the only real way to profit is somehow be taking money away on the winning streak and playing something less and paying less at other times during the period of less wins.   How to sense when it will win is the mystical part but yea always take cash off the table when 'lucky'.

The sub 30k bet wins the price guess for April.  I did figure it would hang around like that though its been progressive in a way, also its true BTC hasnt done as much since recovering in March its been going sideways in summary while bouncing around in a box or range of pricing of course never still exactly.

it is a somewhat risky bet but in my opinion it will be worth taking the risk,

So yea bet price can continue to ascend, register higher lows and a new high would be nice.  Possible but first I need proof BTC is not going to get squished in the vice, every day brings a moving average closer if we dont go higher there is a pressure effect less space left to move.
  We either drop below 50 day average or we do get this push up and the thing with MA is its an indicator theres no promise people buy as its near its not real world volume or effect just momentum estimation is how to view this.  If we lose momentum, lose the 50 day average then its like a plane airspeed stall imo we can register downwards more then expected.  So I need to know which is true or observe a fight and the strength BTC has start of May, we'll see.  
  It was mentioned that 200 day average is where we have to backtrack to, its the one everyone and their mom knows.  Usually its the big things that mark boundaries the rest is short term play, we may have to go lower is a fair contention.  ~22k

[TheQuin]

For how long is roll history is available to the user? [vg. number of days, number of rolls, etc]

From what I can tell only up to a month of roll history is available. This has always been the case for me as for as long as I remember.

That's correct.

The huge balance requirement is the major reason why most of us lose money in martingale.

There is no huge balance that is sufficient for being successful at martingale strategy. For being successful, you need an unlimited balance.

Even an unlimited balance won't help you when you hit the max win limit and can't place the next bet. The real secret to success in martingale is the same as in all gambling, quit while you are ahead.

Actually this is good advice to stop when you really win it but don't ever target a win, because that will lead to the next defeat, and even then based on the experience I experienced yesterday like that yesterday I should have stopped but somehow I still continue because I started Greedy has not yet reached the desired point so just keep playing.

The only way is to stop when you really win it and don't continue playing unless you want to run the risk of losing even more, but martingale is not a powerful strategy to beat the dealer let alone other casino games, just use other strategies and the ability to control yourself also the feeling of wanting to reach a point sometimes it makes us greedy. lol

Setting targets actually helps some people. You've nailed the main problem, greed. Having a plan to stop at a certain profit can avoid the pitfall of carrying on playing until you lose it all. That's particularly relevant to Martingale where this conversation started. If you leave it running forever the losing streak that wipes you out becomes almost inevitable.

[Saint-loup]

it is a somewhat risky bet but in my opinion it will be worth taking the risk, of course you should put a small amount of money, but I am thinking of betting on this prediction, this odd is excellent, but I need to wait a few more days to that I do a good analysis of the price of bitcoin, as it is trying to break 30,000$ - 31,000$ I have to analyze if when it breaks 31,000$ it will rise a lot to the point of breaking the 34,000$ which would result in a very fast rise to 39,000$ which is the strongest support after 34000$, in short, these are things that I need to consider before placing a bet, but for me it is only worth placing bets with very high odds

I agree with you, odds are rather high for this range($32,501 - $35,000) especially if you compare them to some other ranges, $25,001 - $27,500 is only @3.90 for example. But I don't think it will stay at this level. April has ended, a new month is beginning so more people will place bets in the coming days and I expect odds for this range to "normalize" a little bit. BTC has failed to close the month above $30k but it remains very close to this mark.

[pawanjain]

The huge balance requirement is the major reason why most of us lose money in martingale.

There is no huge balance that is sufficient for being successful at martingale strategy. For being successful, you need an unlimited balance.

Even an unlimited balance won't help you when you hit the max win limit and can't place the next bet. The real secret to success in martingale is the same as in all gambling, quit while you are ahead.

Actually this is good advice to stop when you really win it but don't ever target a win, because that will lead to the next defeat, and even then based on the experience I experienced yesterday like that yesterday I should have stopped but somehow I still continue because I started Greedy has not yet reached the desired point so just keep playing.

The only way is to stop when you really win it and don't continue playing unless you want to run the risk of losing even more, but martingale is not a powerful strategy to beat the dealer let alone other casino games, just use other strategies and the ability to control yourself also the feeling of wanting to reach a point sometimes it makes us greedy. lol

Setting targets actually helps some people. You've nailed the main problem, greed. Having a plan to stop at a certain profit can avoid the pitfall of carrying on playing until you lose it all. That's particularly relevant to Martingale where this conversation started. If you leave it running forever the losing streak that wipes you out becomes almost inevitable.

So as you say it becomes inevitable to hit the losing streak in the long run. So even if we break the martingale strategy by quitting while we are in profits, it won't help.
In the long run all those profits will eventually vanish because of those losing streaks that wipes us out.

[STT]

Theres no absolute certainty either way only some bias in outcomes.   Cashback of 1% will help counter some of that bias and also letting the balance rest a little can earn back some in interest also, that will all help restore the chances of coming out on top.   An ideal might be only gamble the interest, Im not that rich tragically.
  No gambler should believe the game is free or you have to win, thats dangerous ground a false premise can lead to bad action.   Martin as a strat is slightly dangerous because of that excess confidence it gives, not especially deserved its nothing close to a good strat imo.
 
Decline in BTC today only brings us back to touching 50 day average and on absolute figures, anything above 27k isnt too important.  Some markets are not full live today which means watch the rest of the working week to decipher clues of direction for rest of the month &  end May bet.   Long term we're positive is my guess but also my take for 2023 was we can easily drift till the autumn not moving much; autumn itself tends to bring greater resolution in markets afaik.   Volume is weak ?  hence the ancient phrase sell May come back another day, rhymes

[piebeyb]

Setting targets actually helps some people. You've nailed the main problem, greed. Having a plan to stop at a certain profit can avoid the pitfall of carrying on playing until you lose it all. That's particularly relevant to Martingale where this conversation started. If you leave it running forever the losing streak that wipes you out becomes almost inevitable.

That is why I use automatic rounds where there are provided stop buttons on gains and losses with the size of the budget we want to target, returning to human nature, sometimes what I feel is dissatisfaction and curiosity, especially greed, which sometimes likes to appear when you get a little win , the target to set it can also be useful for use by all users in freebitcoin, unfortunately yesterday the losing streak made me lose just for not setting the stop to lose button on the "STOP BETTING AFTER" setting

Sometimes I often win games too in freebitcoin when the feeling of being happy is different when I play because I am targeting certain numbers so that it makes me aim at certain numbers which make me even more curious and keep increasing the bet, that's why I don't really target winning too which I should be targeting is to stop with a certain budget when you lose. no matter how much I win. 

[uneng]

Theres no absolute certainty either way only some bias in outcomes.   Cashback of 1% will help counter some of that bias and also letting the balance rest a little can earn back some in interest also, that will all help restore the chances of coming out on top.   An ideal might be only gamble the interest, Im not that rich tragically.
  No gambler should believe the game is free or you have to win, thats dangerous ground a false premise can lead to bad action.   Martin as a strat is slightly dangerous because of that excess confidence it gives, not especially deserved its nothing close to a good strat imo.

I agree that only interest generated should be used for gambling on the multiplier game. That is a safe strategy to not spend more money than you can afford to lose. By respecting this guideline, the gambler can maintain his gambling activity under control, in a healthy way.

However, in every cases, I would say it's just advised if the person really enjoys gambling, because for profitability reasons he isn't going to make any progress on long term, despite the 1% cashback, which isn't enough to cover any losses after all.

The user who wants to make financial progress should stick only to interest program (over BTC and FUN), plus WOF.

[Flexystar]

Ah, amazing had nice winning in the last betting round on Bitcoin prices. Now I wish I had enjoyed the time weight multiplier and had bet way at the start of the month. This is why I am opening up the conversation on the first day of this month and want to know whose standing where for this month's betting on Bitcoin.

Considering the last month's entire average, the lowest bitcoin went was around $27,070 while it was able to reach the highest peak mark of $ 31,005 that was definitely an amazing price hike and we were literally thrown away into another range quickly.

There was mostly negative news about the USA and its regulatory bodies getting stricter on it and yet it hyped a little but sooner went down. So there is that.

Now with the new month gearing up and news still remaining on the same end, I feel like we are gonna stay in the range of 28-29K. Might have some pumps on the way but seems impossible to cross it. The system is also showing low odds on that range thus a higher chance of the same.

Whats your pick anyways?

[pawel7777]

You are 100% right, it is not worth to do it. In the beginning, I tried it a lot and with success but offcourse it is bound to be doomed in the long end. Had 2 times streaks of like 15 or 16 losses so lost quite a lot of money because of that.

Sorry to hear, but yes, hitting such streak is just a matter of time. It's not a question of "if" but "when". It was especially evident in the dice sites that had automated betting and super-fast rolls, when you'd go bust in a matter of seconds.

I just needed another 1k satoshi to get another 30k satoshi to withdraw it to my bitcoin wallet, but since then I've touched it just under a few hundred satoshi but, unfortunately I was unlucky and had a 12x losing streak using martingale

I think we've all been there  
A losing streak of 12 is nothing uncommon. At least you haven't lost much, so you've learnt your lesson at a reasonable price.