Martingale revisited

[barbara44]

BTW why did you choose wolf.bet ? I think that house edge is very important in such system. Cryptogames has 0.8% instead of 1%. It also let you bet once per 10 milliseconds (6000 bets per minute 360 000 per hour - 12 M in 1.5 day)

Do they have doges and what is the minimum bet amount there?

Crypto-games are having dogecoin dicing too but the minimum bet for dogecoin is 1 doge. I remembered they had faucet to test them but not sure they are still facilitating new gamblers with faucets; seems like we must need to be staying with them in terms of wagering and days so that faucet may be provided.

Years back we had a house in the name of fastdice and allowed us to have different levels on how quickly we like to have dicing. If I recall correctly, bitsler is still having such a speed control feature, not sure as I am unable to check in my mobile right away.

[deisik]

BTW why did you choose wolf.bet ? I think that house edge is very important in such system. Cryptogames has 0.8% instead of 1%. It also let you bet once per 10 milliseconds (6000 bets per minute 360 000 per hour - 12 M in 1.5 day)

Do they have doges and what is the minimum bet amount there?

Crypto-games are having dogecoin dicing too but the minimum bet for dogecoin is 1 doge. I remembered they had faucet to test them but not sure they are still facilitating new gamblers with faucets; seems like we must need to be staying with them in terms of wagering and days so that faucet may be provided

See, that's the crux of the matter!

If your minimum bet amount is 1 doge, you are set to lose your balance in less than no time, and with higher speeds you will just bust sooner. At wolf.bet, you can start as small as 0.00000001, and cope with pretty long losing streaks, which this thread and my stats unreservedly prove. As I said on a couple occasions already, enjoy this ride while it lasts. No other casino is likely going to give you the opportunity to unleash the unbridled power of martingale done right

[1982dre]

BTW why did you choose wolf.bet ? I think that house edge is very important in such system. Cryptogames has 0.8% instead of 1%. It also let you bet once per 10 milliseconds (6000 bets per minute 360 000 per hour - 12 M in 1.5 day)

Do they have doges and what is the minimum bet amount there?

Crypto-games are having dogecoin dicing too but the minimum bet for dogecoin is 1 doge. I remembered they had faucet to test them but not sure they are still facilitating new gamblers with faucets; seems like we must need to be staying with them in terms of wagering and days so that faucet may be provided.

Years back we had a house in the name of fastdice and allowed us to have different levels on how quickly we like to have dicing. If I recall correctly, bitsler is still having such a speed control feature, not sure as I am unable to check in my mobile right away.

Fastdice was very quick indeed. Sadly they disappeared suddenly.

Nowadays duckdice is fast, especially with the Flashbets. Then you can do 10K rolls within a few seconds.

[magneto]

With that said, though, it is an "old-school" martingale which is a sure way to lose all but what about using martingale when you constantly lower your chances to lose at each red streak by extending the number of losing rolls till you go bust? I don't know if it can actually help but it is certainly worth discussing here

I don't get how that strategy could possibly help.

Extending the amount of losses that you can sustain in a roll simply means that you are lowering your bet. The negatives from that, which is in the form of lower profits obviously, essentially balance out any positives you get in terms of having higher tolerance for losing streaks.

At the end of the day, your expected value is still negative. There is no strategy that allows you to win in the long run in any casino games, unless you are playing games of skill against other participants.

[deisik]

With that said, though, it is an "old-school" martingale which is a sure way to lose all but what about using martingale when you constantly lower your chances to lose at each red streak by extending the number of losing rolls till you go bust? I don't know if it can actually help but it is certainly worth discussing here

I don't get how that strategy could possibly help.

Extending the amount of losses that you can sustain in a roll simply means that you are lowering your bet. The negatives from that, which is in the form of lower profits obviously, essentially balance out any positives you get in terms of having higher tolerance for losing streaks

Well, I'm not sure you correctly understand the approach described here

But that's not the point of this post. You see, if someone doesn't want to get into how something is supposed to work, you can't force this knowledge onto them - and I'm not a school teacher, either (no offense intended). As they say, you can lead the horse to water but you can't make him drink. Hint, it is not about the amount of losses I can sustain in a roll - it is about the number of losing rolls in a streak that I can survive

At the end of the day, your expected value is still negative. There is no strategy that allows you to win in the long run in any casino games, unless you are playing games of skill against other participants

We all know that, but the devil is in paying precious attention to detail, as always

[docthusinh]

Good to hear that you are still in success with your revised martingale. I myself having own revised martingale, not double the bet size, not playing for high win chance but "suitable" win chance. The conclusion is "it's success" and also agree with you that with suitable strategy, the moment that the defined balance drained to 0 will be definately long enough that we might not witness in one life time.

[Janation]

Good to hear that you are still in success with your revised martingale. I myself having own revised martingale, not double the bet size, not playing for high win chance but "suitable" win chance. The conclusion is "it's success" and also agree with you that with suitable strategy, the moment that the defined balance drained to 0 will be definately long enough that we might not witness in one life time.

I just hope you can minimize your losses here.

Martingale will always be martingale and always that we are still gambling.

The last time I used this strategy drained my balance off my saved satoshis. I am a bit disappointed but that satoshis are the one I got in their faucets but still, I saved that in months and it was gone in a minute. Just remember that is how martingale play your balance.

[canovan25]

To make things clear right at the start, I know that martingale is a losing strategy in the long term as there is no way to beat the house and its edge if only by chance alone (or by exploiting a bug in the system). And since martingale effectively removes the chance part from the equation, it is set to fail in the end

With that said, though, it is an "old-school" martingale which is a sure way to lose all but what about using martingale when you constantly lower your chances to lose at each red streak by extending the number of losing rolls till you go bust? I don't know if it can actually help but it is certainly worth discussing here

Obviously, it can be done by "reinvesting" everything we earned at previous rolls without changing any other setting (like odds, initial bet amount, increase, etc) but we are not necessarily limited to only that. For example, we could continually add to our balance at each roll, thereby postponing our final moment until it gets lost in the vague future

Does it change anything even if it doesn't make a lot of sense as a strategy on its own?

limit of total profit = 1 - house edge, yes. But it a limit, not a real value. Do you know that limit sin x = x, if x -> 0 or sum of all natural number = -1/12? But in real life sin x not = x and sum of natural number not = -1/12. And in longer period of bet you may make a profit. Why? What chance increase your money in 1.1x with bet = 1 coin and chance (100 - HE)/2? You have a two expected value. Theoretical and real expected value. In the longer period theoretical = real. But in a short period 1 not = 2. Real maybe > or < expected. I tested dice with 0% HE and see this effect. I have a 1024 coin and i want made 1024 coin profit. And my chance > 50% to doubling balance(50% < my chance < 51%). So, think.

[deisik]

Good to hear that you are still in success with your revised martingale. I myself having own revised martingale, not double the bet size, not playing for high win chance but "suitable" win chance. The conclusion is "it's success" and also agree with you that with suitable strategy, the moment that the defined balance drained to 0 will be definately long enough that we might not witness in one life time

With this setup you should never lose perspective

And perspective here refers to the fact that your earnings come through variance, not the amount of bets you make. It is somewhat counterintuitive or even paradoxical as the idea of martingale assumes making quite a few bets, and consists in earning by accumulating dust. It is not the amounts of bets that matter here, but the variance that counts. Indeed, at a given level of risk, you can expect that variance come about only after making enough bets (that's statistics), but you should forget about dust as it will only make you impatient and greedy

[docthusinh]

Good to hear that you are still in success with your revised martingale. I myself having own revised martingale, not double the bet size, not playing for high win chance but "suitable" win chance. The conclusion is "it's success" and also agree with you that with suitable strategy, the moment that the defined balance drained to 0 will be definately long enough that we might not witness in one life time.

I just hope you can minimize your losses here.

Martingale will always be martingale and always that we are still gambling.

The last time I used this strategy drained my balance off my saved satoshis. I am a bit disappointed but that satoshis are the one I got in their faucets but still, I saved that in months and it was gone in a minute. Just remember that is how martingale play your balance.

Nah, i am not sure about other strategy, but for my case I would call it is a success case. As for your situation (which lose everything within a minute) I have experienced and work out my way (with references and research of course) to the state that I am currently on which is not losing and not risking of losing but getting out with profit (slowly and steady). I am confident with it because I can see the variances after enough number of bets. On the site I am playing now it's 39 and almost 40 millions bets placed, and the variances already happened and tend to repeat. Yes, "repeat", this is the most important factor since I can see it is repeated thus, I can control it (aka beating a losing streak with enough balance & satisfy the casino constraints).

[leea-1334]

BTW why did you choose wolf.bet ? I think that house edge is very important in such system. Cryptogames has 0.8% instead of 1%. It also let you bet once per 10 milliseconds (6000 bets per minute 360 000 per hour - 12 M in 1.5 day)

Do they have doges and what is the minimum bet amount there?

Yes,,, they have doges at Cryptogames. Minimum bet is 1 doge though so maybe you do not have enough bankroll. I play on satoshi there because of 1 satoshi min and 0.8% edge. The only thing is what he did not tell you is that the high speed bet is only for VIP players (most wagered in month) or for all players on Monday (today).

House edge very important for martingale;)

[Darker45]

House edge very important for martingale;)

The higher the house edge, the longer you play, the higher the probability of you getting busted. Even with as low and seemingly insignificant as 0.5% house edge, it is still an edge. It may be very small but in the larger picture it has a very significant role. And the martingale strategy is basically founded on the possibility that a losing streak is short. The higher the house edge, the higher the probability of the losing streak running beyond the normal 5-6 losses. And with that, you must have a larger balance in your wallet. Otherwise, you will be eaten up by this house edge.

[deisik]

BTW why did you choose wolf.bet ? I think that house edge is very important in such system. Cryptogames has 0.8% instead of 1%. It also let you bet once per 10 milliseconds (6000 bets per minute 360 000 per hour - 12 M in 1.5 day)

Do they have doges and what is the minimum bet amount there?

Yes,,, they have doges at Cryptogames. Minimum bet is 1 doge though so maybe you do not have enough bankroll. I play on satoshi there because of 1 satoshi min and 0.8% edge. The only thing is what he did not tell you is that the high speed bet is only for VIP players (most wagered in month) or for all players on Monday (today)

Cryptogames is out of the question then

With 1 doge being the minimum bet amount you can't build effective martingale strategies as you won't be able to cope with variance unless you are going to deposit insane amounts of doges (likely well beyond the maximum bet amount allowed there anyway). Therefore, the high speed, whether it be for VIP players or otherwise, becomes utterly irrelevant with all things considered, and what I wrote in this post still holds true

limit of total profit = 1 - house edge, yes. But it a limit, not a real value. Do you know that limit sin x = x, if x -> 0 or sum of all natural number = -1/12? But in real life sin x not = x and sum of natural number not = -1/12. And in longer period of bet you may make a profit. Why? What chance increase your money in 1.1x with bet = 1 coin and chance (100 - HE)/2? You have a two expected value. Theoretical and real expected value. In the longer period theoretical = real. But in a short period 1 not = 2. Real maybe > or < expected. I tested dice with 0% HE and see this effect. I have a 1024 coin and i want made 1024 coin profit. And my chance > 50% to doubling balance(50% < my chance < 51%). So, think

And what's the bottom line?

[deisik]

New stats are here:



As I mentioned above, there was not enough variance to book handsome profits during the last 10 days (if you consider 11% of pure profit during that timeframe not good enough, of course). On the other hand, I'm still rolling, and this is definitely a good thing without any reservations or doubts

Stay tuned and follow the thread!

[Tytanowy Janusz]

Stay tuned and follow the thread!

How is your portfolio looking after next almost full month? Are you still beating the casino or sadly hit into killing strike? Don't get me wrong. I wish you luck and lots of profit. I just don't believe in any gambling system and wanted to see if yours is still working.

[deisik]

Stay tuned and follow the thread!

How is your portfolio looking after next almost full month? Are you still beating the casino or sadly hit into killing strike? Don't get me wrong. I wish you luck and lots of profit. I just don't believe in any gambling system and wanted to see if yours is still working

Here're the last stats as of November, 1st:



After that I first withdrew everything (the withdrawal was fast, for the record) and then deposited a certain amount of my own coins, with which I'm rolling now. Indeed, as I bet my own money now, not free coins, I have set even safer parameters which allow me to survive longer losing streaks. So yes, my system is working

And sorry if this is not what you wanted to hear

[1982dre]

Stay tuned and follow the thread!

How is your portfolio looking after next almost full month? Are you still beating the casino or sadly hit into killing strike? Don't get me wrong. I wish you luck and lots of profit. I just don't believe in any gambling system and wanted to see if yours is still working

Here're the last stats as of November, 1st:



After that I first withdrew everything (the withdrawal was fast, for the record) and then deposited a certain amount of my own coins, with which I'm rolling now. Indeed, as I bet my own money now, not free coins, I have set even safer parameters which allow me to survive longer losing streaks. So yes, my system is working

And sorry if this is not what you wanted to hear

Ok nice that it's still working. Do you also raise your base bet after you win a certain amount?

[Tytanowy Janusz]

And sorry if this is not what you wanted to hear

Your experiment was interesting and i was curious about the results. What i didn't want to hear was You putting real money into this after seeing small scale progress. I hope it's not much and you will be lucky enough to withdraw before killing strike will arrive.

[deisik]

After that I first withdrew everything (the withdrawal was fast, for the record) and then deposited a certain amount of my own coins, with which I'm rolling now. Indeed, as I bet my own money now, not free coins, I have set even safer parameters which allow me to survive longer losing streaks. So yes, my system is working

And sorry if this is not what you wanted to hear

Ok nice that it's still working. Do you also raise your base bet after you win a certain amount?

No, I don't do that

I'm still starting with the minimum possible amount, which is 0.00000001 doge. However, I have compiled a spreadsheet that I use to check when I have earned enough dough to increase the multiplier. Right now I'm at 129.9% but I couple my bets with trades, so when Dogecoin goes down, I will deposit more and thus I can raise the multiplier, and vice versa. If Dogecoin goes up, I withdraw some coins to sell into the rising market (though there haven't yet been a lot of volatility recently to unleash the true power of this approach)

[doomloop]

Stay tuned and follow the thread!

How is your portfolio looking after next almost full month? Are you still beating the casino or sadly hit into killing strike? Don't get me wrong. I wish you luck and lots of profit. I just don't believe in any gambling system and wanted to see if yours is still working.

I hold the same opinion in this regard. There are no strategies and tricks that can assure victory to gamblers, it is all about fate. If a player is destined to face failure, he can never ever turn it into win by making more efforts or increasing amount. If a strategy is working for a person today, it wont for tomorrow. Why would house let the gambler only win? That is not the way of doing business certainly.