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Author Topic: Gamblers: Please Martingale Carefully!  (Read 7192 times)
rivoke
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December 01, 2014, 05:23:22 PM
 #141


If your base bet is 1 satoshi you would need about 150.000.000 bets to get to 1.2 btc

I think that should usually depend on what kind of martingale strategy you are using.
Some people martingale at 50%. Some also matingale at 10% or at 90%.
They just increase their base bets by different ratios.
Also, at 90% a martingale of 7-8 would get you at >1 BTC.

I dont see how you can use 90% at 1 satoshi bet, that means you would win like what 0.1 satoshi each win?
And anyways it would be the same at any ratio

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sherbyspark
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December 01, 2014, 06:07:48 PM
 #142


If your base bet is 1 satoshi you would need about 150.000.000 bets to get to 1.2 btc

I think that should usually depend on what kind of martingale strategy you are using.
Some people martingale at 50%. Some also matingale at 10% or at 90%.
They just increase their base bets by different ratios.
Also, at 90% a martingale of 7-8 would get you at >1 BTC.

I dont see how you can use 90% at 1 satoshi bet, that means you would win like what 0.1 satoshi each win?
And anyways it would be the same at any ratio
Nope, the minimum bet incase you are betting at 90% would be 10 satoshi to win 1 satoshi.
And would follow, 10,100,1000,10000...
Brewins
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December 01, 2014, 08:43:33 PM
 #143


If your base bet is 1 satoshi you would need about 150.000.000 bets to get to 1.2 btc

I think that should usually depend on what kind of martingale strategy you are using.
Some people martingale at 50%. Some also matingale at 10% or at 90%.
They just increase their base bets by different ratios.
Also, at 90% a martingale of 7-8 would get you at >1 BTC.

I dont see how you can use 90% at 1 satoshi bet, that means you would win like what 0.1 satoshi each win?
And anyways it would be the same at any ratio


Anyone tried to do it and got some kind of warning about the returns?

The rounding problem is an issue in the martingale strategy and should be take into account.
finnile
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December 01, 2014, 08:46:18 PM
 #144


If your base bet is 1 satoshi you would need about 150.000.000 bets to get to 1.2 btc

I think that should usually depend on what kind of martingale strategy you are using.
Some people martingale at 50%. Some also matingale at 10% or at 90%.
They just increase their base bets by different ratios.
Also, at 90% a martingale of 7-8 would get you at >1 BTC.

I dont see how you can use 90% at 1 satoshi bet, that means you would win like what 0.1 satoshi each win?
And anyways it would be the same at any ratio


Anyone tried to do it and got some kind of warning about the returns?

The rounding problem is an issue in the martingale strategy and should be take into account.

The rounding problem does happen with 1 satishi. But betting 1 satoshi to win 0.1 satoshi is not worth it. Also, betting at 90% is an extremely slow strategy and people can have losing streaks up to 7 or 8.
I have had 7 myself.

ubitcoin
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March 05, 2015, 11:54:52 PM
 #145

Same with me several and several times and noe out of dice and casinos.
Starting with some trading Smiley
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