What's your gambling system?

[mu_enrico]

Bro, could you do the followings:
- All in after five or six consecutive losses
- Standard martingale after five or six consecutive losses, with 10% of your total balance

I think these would be the best strategy.

[Tytanowy Janusz]

- All in after five or six consecutive losses
- Standard martingale after five or six consecutive losses, with 10% of your total balance

This is one strategy or 2?

I don't quite understand how it work. Could you explain it a little more clearly?

[Malsetid]

- All in after five or six consecutive losses
- Standard martingale after five or six consecutive losses, with 10% of your total balance

This is one strategy or 2?

I don't quite understand how it work. Could you explain it a little more clearly?

He's basically doubling his bets after every loss. And the will go for broke once he's had 6 rolls of bad luck lol. It works for some people but almost not for everyone in the long run. This system worked for me for a short while though when you get drawn deeper into betting, losing everything will be really quick.

[numanoid]

He's basically doubling his bets after every loss. And the will go for broke once he's had 6 rolls of bad luck lol

it's not like that. IMO, he said about 2 strategies, first one is after 5 or 6 streak losses, you bet all in/max of your money for 6/7th bet (this is crazy, you can't be sure you will win since we have often seen more than 8 streak losses)
And the second is after 5 or 6 streak losses, you will go with 10% from your money which kinda safer than first one.

[carlfebz2]

He's basically doubling his bets after every loss. And the will go for broke once he's had 6 rolls of bad luck lol

it's not like that. IMO, he said about 2 strategies, first one is after 5 or 6 streak losses, you bet all in/max of your money for 6/7th bet (this is crazy, you can't be sure you will win since we have often seen more than 8 streak losses)
And the second is after 5 or 6 streak losses, you will go with 10% from your money which kinda safer than first one.

Going all in or bet all in 6 or 7th bet? Not an assurance thing to hit up as I had tried this in the past when I'm still playing dice on my newbie exploring days.
Waiting for some losing streaks then betting big on the next roll presuming that it would be a green.No matter how you tweaked it up
We cant really predict on how long would be the losing streak on that time.

[libert19]

He's basically doubling his bets after every loss. And the will go for broke once he's had 6 rolls of bad luck lol

it's not like that. IMO, he said about 2 strategies, first one is after 5 or 6 streak losses, you bet all in/max of your money for 6/7th bet (this is crazy, you can't be sure you will win since we have often seen more than 8 streak losses)
And the second is after 5 or 6 streak losses, you will go with 10% from your money which kinda safer than first one.

Going all in or bet all in 6 or 7th bet? Not an assurance thing to hit up as I had tried this in the past when I'm still playing dice on my newbie exploring days.
Waiting for some losing streaks then betting big on the next roll presuming that it would be a green.No matter how you tweaked it up
We cant really predict on how long would be the losing streak on that time.

Right, thinking like, "I have had 6 losses in a raw so I must be winning the next one" is wrong thinking, every dice roll comes with the same odds, you can't predict what next roll will bring.

[mu_enrico]

This is one strategy or 2?

Two strategies as explained by @numanoid

IMO, he said about 2 strategies, first one is after 5 or 6 streak losses, you bet all in/max of your money for 6/7th bet (this is crazy, you can't be sure you will win since we have often seen more than 8 streak losses)
And the second is after 5 or 6 streak losses, you will go with 10% from your money which kinda safer than first one.

Well, this is experiment right? Who knows it will give better results than

Edit: removed wrong comment

Anything better than the above below results will be the "best strategy" lol

PS: make sure you count the correct lose streak

[Tytanowy Janusz]

cryptovigi found better strategy than regular martingale. It's in link in OP:

Its simple martingale with tripling instead of doubling after every loss.

||

1

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Martingale v2

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xxx

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xxx

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triple bet after loss

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I've tested in on different data than so I've found old program and run it on new data. Here are results:

Code:

Limit: 
1000000
target: 
2000000
How manny tests
100000
Casino lost with 43380 gamblers out of 100000
Average winner spent: 280 hours in casino

Code:

Limit: 
500
target: 
1000
How manny tests
100000
Casino lost with 43565 gamblers out of 100000
Average winner spent: 2 hours in casino

So to find "best strategy" you have be beat those numbers

I'll code your strategy in free time.

[bones261]

I am curious how a betting strategy would work where a person tries to take advantage of win streaks by doubling their bet after an initial win and then going back to 1 unit after a loss. (Just to be clear, I mean to only bet 1 or 2 units. Not keep doubling until you lose.) also, how would this work if you were willing to double and redouble (for a maximum of 4 units) and go back to 1 unit after loss.

[Tytanowy Janusz]

I am curious how a betting strategy would work where a person tries to take advantage of win streaks by doubling their bet after an initial win and then going back to 1 unit after a loss. (Just to be clear, I mean to only bet 1 or 2 units. Not keep doubling until you lose.) also, how would this work if you were willing to double and redouble (for a maximum of 4 units) and go back to 1 unit after loss.

I'm not 100% sure if i understand it correectly:
strategy 1

Code:

1 
win
2
win
2
win
2
win
2
loss
1
loss 
1

strategy 2

Code:

1
win
2
win
4
win
4
win
4
loss
1
loss 
1

Thats what you mean?

[Bardman]

Using math you can also prove that some strategies are actually slightly better than others and can in fact even get a bit more house edge percentage in your favor, talking about a pretty small percentage. I believe one sequence of martingale gives you better odds than 1 single bet. For example if you have 1 BTC, it's better to split it in a few smaller amounts and bet using martingale, I don't remember exactly how you had to split it in order to have a better chance.

[bones261]

I'm not 100% sure if i understand it correectly:
strategy 1

Code:

1 
win
2
win
2
win
2
win
2
loss
1
loss 
1

strategy 2

Code:

1
win
2
win
4
win
4
win
4
loss
1
loss 
1

Thats what you mean?

Yes, this is what I meant for both strategies.

[Tytanowy Janusz]

Yes, this is what I meant for both strategies.

Sorry that I was idle for so long. My second son was born 3 days ago

Here are my results.
Strategy2:

Code:

Limit: 
500
target: 
1000
How manny tests
100000
Casino lost with 4 gamblers out of 100000

Code:

Limit: 
500
target: 
550
How manny tests
100000
Casino lost with 37048 gamblers out of 100000

Code:

Limit: 
10000
target: 
11000
How manny tests
10000
Casino lost with 0 gamblers out of 10000

With regular martingale you are constantly increasing portfolio until sudden death. In your strategy you are bleeding slowly with every bet until there is nothing to bet with. With big portfolios this strategy is very similar to flat betting which is 100% loss strategy. Strategy 1 is even closer to flat betting that's why i've decided to go in another direction. Increasing bet up to 32x.

Code:

Limit: 
500
target: 
1000
How manny tests
100000
Casino lost with 23416 gamblers out of 100000

Much better than 4

That proofs that the more aggressive you are the bigger are your odds of winning. Up to the most aggressive strategy (bet all your money on red and double or go home broken)

[bones261]

Sorry that I was idle for so long. My second son was born 3 days ago

Congratulations on the new addition to your family and thank you for the well put together statistics. so I guess the rule of thumb is to go big or go home.

[Tytanowy Janusz]

Congratulations on the new addition to your family and thank you for the well put together statistics. so I guess the rule of thumb is to go big or go home.

Thank you. Is there anything else i can code for you? For now the best strategy other than single bet was martingale with tripling instead of doubling (much more agressive martingale).

Using math you can also prove that some strategies are actually slightly better than others

Yes, but brute force simulation is easier to do and easier to explain to others.

I believe one sequence of martingale gives you better odds than 1 single bet. For example if you have 1 BTC, it's better to split it in a few smaller amounts and bet using martingale, I don't remember exactly how you had to split it in order to have a better chance.

Some people believe in flat earth Rule is simple. The bigger your trading volume is the more money is sucked by hose edge and the closer you get to statistic distribution. Find your strategy and bring here.

[Muttley]

Well, I am testing the following strategy, and I am earning 3% of my total wagered amount.

1 - I select any coin from my bank
2 - Select predicition 3 (96,0 % win chance)
3 - Select total amount and divide it 14 times
4 - Play auto with stop betting after a loss
5 - After this loss, select prediction 51 (48,0% win chance) and manually do a martingale until you get profit
6 - After this winning bet, return to step 1

With this strategy I am getting exact 3% of my total wagered. You can change step 3 to 13 times or 15 times, if you want to risk more or less.

This is my stats after more than 113k bets. Note I have 1.03% (3%) profit in more than 50 different coins, except Doge because I did a mistake:

https://luckygames.io/user/Muttley3percent/stats/

[Tytanowy Janusz]

Well, I am testing the following strategy, and I am earning 3% of my total wagered amount.

1 - I select any coin from my bank
2 - Select predicition 3 (96,0 % win chance)
3 - Select total amount and divide it 14 times
4 - Play auto with stop betting after a loss
5 - After this loss, select prediction 51 (48,0% win chance) and manually do a martingale until you get profit
6 - After this winning bet, return to step 1

With this strategy I am getting exact 3% of my total wagered. You can change step 3 to 13 times or 15 times, if you want to risk more or less.

This is my stats after more than 113k bets. Note I have 1.03% (3%) profit in more than 50 different coins, except Doge because I did a mistake:

https://luckygames.io/user/Muttley3percent/stats/

Damn
I didn't notice your post. I'll code it for you in the next few days but as i see it is based on martingale and will profit as long as you would not hit killing strike doing martingale what was shown to be unprofitable in this tread already. Am i wrong?

do a martingale until you get profit

What if there won't be profit?

[cabalism13]

Does any of these system applies on Mintdice? I'm just playing it automatically LoL, I already killed my FUN. I don't know for sure if such Martingale would be effective on this kind of habit of mine.

Any Ideas?

Sorry that I was idle for so long. My second son was born 3 days ago

Another man was born, Let me guess, you're currently babysitting right now 🤣 Jk.

[Tytanowy Janusz]

Does any of these system applies on Mintdice? I'm just playing it automatically LoL, I already killed my FUN. I don't know for sure if such Martingale would be effective on this kind of habit of mine.

Any Ideas?

You can apply them all but why? I've prooved that all of those systems has lower odds of winning than placing all your money in single bet. Playing automatically not only kills fun from gambling but also pushes your outcome from gambling closer to statistic distribution what guarantee loss. For now no one was able to present system that works. Some was able to present system that guarantee loss:

Some idea:
- Martingale with Fibonacci progression 1, 1, 2, 3, 5, 8, ... ;

Well i don't have impressive results.

Code:

Limit: 
1000000
target: 
2000000
How manny tests
10000
Casino lost with 0 gamblers out of 10000

No one was able to double portfolio while entering casino with 1 000 000 initial bet - with original martingale 27% gamblers beat casino.

Sorry that I was idle for so long. My second son was born 3 days ago

Another man was born, Let me guess, you're currently babysitting right now 🤣 Jk.

This little guy do not need babysitting He only sleeps and eats.

[mu_enrico]

Some was able to present system that guarantee loss:

Thanks for the compliment, however
Guaranteed loss is an overstatement I think. It depends on how many rolls and your target return.

No one was able to double portfolio while entering casino with 1 000 000 initial bet - with original martingale 27% gamblers beat casino.

This result was not telling the whole picture, such as how many of it would get busted (0 balance).

Perhaps 73% of "original" martingale users would get home with an empty pocket, while only a few of Fibonacci progression users got busted.

Fibonacci progression lowers the risk and obviously lowers the return as well.

By the way, congratulations on your newborn baby! Less gambling, more buying milk!