Yes you might win some money to begin with but longterm you will give it all bck to the house
Exactly, We don't know when the pocket will become empty, but it will finally happen and as charts show, that usually happen very soon.
Still that is a impressive set of graphs you have created and you sound smart enough to know the house wins in the end
Yes, The method is not profitable. I made the diagrams to show that to any one likes this strategy.
The OP made great charts. Is the initial balance that you used in satoshis?
No difference which cryptocurrency is.
For example when the bet amount is 1 and the initial balance is 1000, we can say bet amount is 1 satoshi and initial balance is 1000 satoshi or bet amount is 1mbtc and initial balance is 1 bitcoin.
This can apply to dogecoin, litecoin, etc. What matters is the rate of bet amount and initial balance.
Would be interested if you will start at a much higher level of initial balance. What would be the charts look like?
They can be obtained too. It's a bit time consuming. I had calculated the probability of winning theoretically when the initial balance is 1 bitcoin and your initial bet amount is only 1 Satoshi.
https://bitcointalk.org/index.php?topic=5181132What opinion/s do you want to hear for this test? These simulations will not really do nothing because aside from that fact that it will end up losing in the end, these movements are inconsistent therefore I don't know what information we are extracting here. No accurate data or even close we can get to somehow beat the house edge even for a short or long-term.
But I appreciate the time and effort you spend here to make these simulations.
I repeated the simulations many times to prove what you are saying better and more visible. And I didn't claim that we can beat the house. I proved the opposite.
What's the purpose of this test? To prove that martingale can be profitable?
No, to prove that it's not profitable.