Gambling strategy, What do you think?

[freedomgo]

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

The problem with his kind of thinking is he only think of one possibility which is the uptrend.
Maybe we think we hit the bottom already and price will rise, on that case, I would rather not gamble anymore and hold my bitcoin until the price will rise.
Gambling will possibly increase your bitcoin if you win, but you are also entitled to loss as you are not god who knows the outcome of the game.

[ethereumhunter]

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

I guess it depends on his strategy because we have a different strategy and I am sure he will think about that. Meanwhile, my suggestion is to exchange the bitcoin into fiat and hold fiat and only buy bitcoin in a small portion for playing gambling. But once again, it is up to him, and we could only give the suggestion. I prefer to hold usdt or usd than bitcoin in these situations because it will be safe and I can use usdt or usd to buy bitcoin or altcoin I want.

[sana54210]

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

He will go for holding his bitcoins .
I believe that does not a criteria here but his plans of multiplying his bitcoins through gambling is the biggest concern here. I am sure that he will be successful with his attempts as gambling will never let you move away with profits but with only frustrations.

Gambling will possibly increase your bitcoin if you win, but you are also entitled to loss as you are not god who knows the outcome of the game.

This is the actual cons where OP must need to look at. I am not sure about his gambling strength nor his betting capabilities. But, speaking in general that all gamblers do enter into gambling with at most confidence levels and this over-confidence block their eyes to look for pitfalls of the their plans by making their bran to fade away. Overall, the lessons we have learned throughout gambling discussion board must be, never plan your future based on gambling as your luck is not in your favor all the times.

[goaldigger]

Lets say you are a skilled Sports-book player and you have the ability to find safe games ( low odds ) around 1,5 in odds.

Instead of bet on Bet365, you take your money and exchange it into Bitcoins and plays your bet on a crypto casino. ( Nitrogen, Everbet, Sportsbet etc )

Ex, You exchange 1000 USD into 0.29 BTC
You play your safe bets with the goal to double or triple up your Bitcoins to 0,60-1 BTC, I have seen many players do this with fiat money, but here is the thing, When or IF you actually manage to double or triple up ( Hit n Run ) , you cash out directly and then you sit tight and just wait for the next Bull Run ( at least many of us believe and hope it will come one )

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Its like buying bitcoins from your gambling profit. Your bet would be crypto and instead of withdrawing, you wil wait until the moon comes and you can triple your money. Nice strategy knowing that your winnings is the money you can afford to lose and im sure you are willing to hold it for a while and invest in crypto.

[crzy]

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

Yes we should always think for the negative side on every decision that we have especially in gambling. Strategies should not be trusted always, in gambling it wont always work since you are not lucky everyday. Just gamble the coins you can afford to lose, but use bitcoin not much in gambling since its value will rise more soon.

[imstillthebest]

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

Yes we should always think for the negative side on every decision that we have especially in gambling. Strategies should not be trusted always, in gambling it wont always work since you are not lucky everyday. Just gamble the coins you can afford to lose, but use bitcoin not much in gambling since its value will rise more soon.

so you are saying that one must not use bitcoin for gambling ? but what about altcoins and tokens those can also increase in the future so why gamble them? strategies do work and its better than playing randomly because you feel that you are progressing in the game  but dont abuse it too much because strategies have thier own limitation  .  thinking negative is also a bad luck and it can only lead to more losses  . so cheer up , its free though

[Finestream]

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

Yes we should always think for the negative side on every decision that we have especially in gambling. Strategies should not be trusted always, in gambling it wont always work since you are not lucky everyday. Just gamble the coins you can afford to lose, but use bitcoin not much in gambling since its value will rise more soon.

so you are saying that one must not use bitcoin for gambling ? but what about altcoins and tokens those can also increase in the future so why gamble them? strategies do work and its better than playing randomly because you feel that you are progressing in the game  but dont abuse it too much because strategies have thier own limitation  .  thinking negative is also a bad luck and it can only lead to more losses  . so cheer up , its free though

For me,different strategies in gambling won't help us much  because it is more likely based on pure luck.It would be good if we feel lucky every time we gamble but we know it's very impossible.So to avoid more losses,gamble only on the amount you can afford to lose.And make sure you know exactly your limits when it comes to gambling.

[Golftech]

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

Yes we should always think for the negative side on every decision that we have especially in gambling. Strategies should not be trusted always, in gambling it wont always work since you are not lucky everyday. Just gamble the coins you can afford to lose, but use bitcoin not much in gambling since its value will rise more soon.

The idea is always to think in the both side of the result, what if things should be consider before making any decisions, both of you have the points and have its own interpretations of the market, what is best is always think of possibilities and, if the trend will go high then bitcoin price will jump and give you much better profits, can double your money aside from winning from gambling, but in the other side if the value fells, your winnings will also be disregarded as value will depreciate, need to have another sets of plans for taking both for your advantage.

[cabalism13]

so you are saying that one must not use bitcoin for gambling ? but what about altcoins and tokens those can also increase in the future so why gamble them? strategies do work and its better than playing randomly because you feel that you are progressing in the game  but dont abuse it too much because strategies have their own limitation  .  thinking negative is also a bad luck and it can only lead to more losses  . so cheer up , its free though

I can simply get his point there, although it's true that altcoins is the same with bitcoin that can also raise its value, but the fact that it has a low values than bitcoin so it's better if we only use those coins instead of bitcoin. For that reason we won't be losing to much compared to the value of altcoin, and yet the winnings is also the same it will be low in value.

But still most of the players that use gambling platforms are using BTC as their currency for their bet, for they aim a high profit rather than enjoying the game.

[omonuyak]

This is a good strategy and we may need to put this to test by some of the gambler here and see what happens.  Bitcoin going to $10,000  may not be this year but even if it happens next year it will be a welcome development. 

[semobo]

This is a good strategy and we may need to put this to test by some of the gambler here and see what happens.  Bitcoin going to $10,000  may not be this year but even if it happens next year it will be a welcome development. 

It not to be considered as strategy because we will never knows we able to win or not on the bets then how can we depend on the bitcoin prices for that.I don't find any strategy to be honest just play and the rest is not in our hands.

[Natalim]

This is a good strategy and we may need to put this to test by some of the gambler here and see what happens.  Bitcoin going to $10,000  may not be this year but even if it happens next year it will be a welcome development. 

It not to be considered as strategy because we will never knows we able to win or not on the bets then how can we depend on the bitcoin prices for that.I don't find any strategy to be honest just play and the rest is not in our hands.

You cannot play around with the price changes of bitcoin when you are gambling, your main focus is just to win and therefore
it's necessary to increase your initial bankroll and regardless of the price valuation, that's not relevant.
If you want to be successful in gambling, learn the strategy to win, and if you go with the price speculation too, then just start trading, they're separate.

[virasog]

Lets say the bitcoin will reach 10K, then you sell your Bitcoins and you have done a pretty nice profit.

Let's assume someone have exchanged 1000 usd fiat to btc and placed bet and got 0.60 BTC. After holding this for couple of months, BTC crashed to $800. What will be the profit? When you are comparing some pros of a system, always think about the cons too. Otherwise, you will default on your system.

A sensible trader never thinks in this way. You can either calculate your profit in terms of bitcoin or in terms of dollars. The best approach is that if you are betting with dollar, your target should be to increase your dollars and if you are gambling with bitcoins, the target should be to increase the satoshi and do not care for the dollar value.

[Belec]

I have never thought about this strategy, nor do I have a strategy that I regularly care about, it is very interesting, I wonder what happens if you lose or get a lot of money.

[joshy23]

This is a good strategy and we may need to put this to test by some of the gambler here and see what happens.  Bitcoin going to $10,000  may not be this year but even if it happens next year it will be a welcome development. 

It not to be considered as strategy because we will never knows we able to win or not on the bets then how can we depend on the bitcoin prices for that.I don't find any strategy to be honest just play and the rest is not in our hands.

Good point, just play and allow yourself to win then enjoy after, there's no assurance that things will be good after you bet and there's no said strategy with how OP mentions as time can't be predicted with how the market will turned in the next 24 hrs, who knows when bull will showed up and also what
if bear continue to dominates the market and make another surged down, muc preferred to enjoy the money that you earned after your  game.

[ethereumhunter]

For me,different strategies in gambling won't help us much  because it is more likely based on pure luck.It would be good if we feel lucky every time we gamble but we know it's very impossible.So to avoid more losses,gamble only on the amount you can afford to lose.And make sure you know exactly your limits when it comes to gambling.

Yes, it won't work with the games based on luck, but we have many other games that are based on knowledge like poker and sports betting, so we do not depend on luck only. If we can get accurate information in sports betting, I think we can win the game and get the money although it does not guarantee, at least we can make a strategy. But all in all, luck will have a big part of the gambling games.

[michellee]

This is a good strategy and we may need to put this to test by some of the gambler here and see what happens.  Bitcoin going to $10,000  may not be this year but even if it happens next year it will be a welcome development. 

It not to be considered as strategy because we will never knows we able to win or not on the bets then how can we depend on the bitcoin prices for that.I don't find any strategy to be honest just play and the rest is not in our hands.

It is better we know that we don't have to make a strategy and only to have fun inside the game. In that way, I guess we don't have to get stress if we are losing the money and we can come back in the other days. But if you feel that you can feel confidence by making a strategy, then you can make one or two to anticipate for the next round.

[Thanasis]

This is a good strategy and we may need to put this to test by some of the gambler here and see what happens.  Bitcoin going to $10,000  may not be this year but even if it happens next year it will be a welcome development. 

It not to be considered as strategy because we will never knows we able to win or not on the bets then how can we depend on the bitcoin prices for that.I don't find any strategy to be honest just play and the rest is not in our hands.

It is better we know that we don't have to make a strategy and only to have fun inside the game. In that way, I guess we don't have to get stress if we are losing the money and we can come back in the other days. But if you feel that you can feel confidence by making a strategy, then you can make one or two to anticipate for the next round.

As others have mentioned this is not really strategy but it can be used to make money not from gambling just through the cryptocurrencies you have for that you no need to enter into gambling just do it from your wallet or any of the trading platform.

[Ellen Adarna]

I think there are no any gambling strategy because in gambling there are only luck, but there are still other games like poker that need a strategy.

[Ellen Adarna]

I think there are no any gambling strategy because in gambling there are only luck, but there are still other games like poker that need a strategy.

Gambling is all about luck, but there are still games that you can use for a strategy as you said, so what are those strategies and those gambling games?

The gambling games that you can use a strategy is poker that you need to know how to bluff your opponents and to fold their cards, and baccarat and blackjack that you need to have a instinct before you ask a another card because you might not receive the card that you expect for you to win. But i still believe that gambling is still all about luck because even you receive a good card your opponent can still beat you if they receive a more better card than yours, that is why gambling is mostly a game of luck than a game of strategy.