My new favorite betting method.

[Casdinyard]

So basically martingale strategy. This is nothing new and there are caveats to betting strategies like these. One of which is the fact that you should have deep pockets before even thinking of doing this cause there's no way you're winning anything in your first few rolls, and if you do it's nothing substantial. Another would be the fact that you're going to lose more than you win, and the only goal of Martingale is to make sure that you have a little over what you started with to count as a profit and to make sure your bankroll is up and running. I say you go for it if you think it works for you, cause at the end of the day it's a strategy that works in the long run provided that you have the capacity for it, but if you don't then I suggest you look into other forms of betting strat.

[famososMuertos]

The logic behind this betting method isn't complex at all. You bet $2 on x2 and on the next bet you sum +1 to the bet amount and it looks something like this:

Code:

$2 - x2
$3 - x3
$4 - x4
$5 - x5
...
$10,000 - x10,000

I know, in the example looks like a lot of money to bet, but now think about starting from 0.00000002 BTC or better known as 2 satoshis, with increments of 1 satoshi, you can be betting in the long run with 0.001 btc.

To do this I hire a guy to make a betting bot for a casino, and is looking good, is really hard to find a losing run with it.

So, what do you think about this betting method, Has someone tried it in the past?

In short, something important is being forgotten: the "ballast" of the liability of each bet and the decrease in the probability of winning by increasing/changing the multiplier. That is to say, in betting round #3 the bet is not $4, you must take into account $2+$3 and to that you must understand that increasing the multiplier decreases your chances, and that randomness can sink you into a round of betting where that multiplier does not appear.

In his case, he has the perfect "paradox", he is not only going to win, but he also obtains a higher profit, a man who invented the wheel for casinos.
And you don't see the negative results because the amounts are small or you haven't had a long loss line. Changing the multiplier affects the probability, consequently I would have to use stop lose for the amount in which it is not fulfilled.

For those who say; this (OP) is martingale, no it's not:
#1 bet $2 win 2x=>4 so 4-2=2
If not successful:
#2 bet $4 win 2x=>8 so 8-(4+2)=2
If they don't succeed;
#3 bet $8 win 2x=> so 16-(8+4+2)=2
Your profit will always be 2. Or the initial bet.

The OP thing is the paradox of "El Colega," please, man if it works, we reinvent the game. I say if Martingale is TNT for your bankroll, that technique shown is "Oppenheimer"  

[harizen]

The logic behind this betting method isn't complex at all. You bet $2 on x2 and on the next bet you sum +1 to the bet amount and it looks something like this:

Is this the so-called "advanced martingale" or another variation? Is the method a product of your own imagination or already saw that done by others?

Regardless of your winning rate, still, we can't hide the fact that all your bets are under the provably fair of the gambling site. I know you already did several tests and fortunately (or should I say luckily) you are having a good run there.

Hands-up. We all know that everything in dice is luck-based.

If your method is doing good for you, then I hope it can give you more winnings in the long run.

[Hispo]

I like the idea if this is a method you are developing for entertainment and thill-seeking purposes, I assume you like it because you can actually see how the risk increases in front of your eyes as time passes by.

Also, if you want a small recommendation, I would also include a calculator within the bot so it can tell you how far it can go if all your bets end up being losses (no wins). That number would be the minimum amount of bets you can get with a fixed amount of Satoshis.

[Darker45]

It's always this that's the more interesting part in a gambling game that you know very well is tilted toward the house. Exploring and experimenting different strategies are the fun side in dice games. It's always fun trying to beat the house. At the end of the day, however, we know very well that strategies can't defeat the house edge. It will always prevail in the end. It's math. 

As to your strategy, it's my understanding that the lower the winning probability is, the bigger the bet. Will this not bankrupt your bankroll faster?

[ryzaadit]

-snip-

It's called momentum strategy, the same as martingale-on-lose but the different we are doing it on the winning section.

In martingale on losing we keep double (1,5-2,5x) from the previous bet until we are winning, but on momentum strategy we do this on winning (that's means, need a hot run section). These strategies are more volatile + drain a lot money, but if you got a good section you will be rain gold in short time.

I doing these also using all-in betting like getting a bonus 15-20$ and all-in 3x (same as momentum strategy) I need to streak win (3x) and stop. Some of them doing it for 3-4x streak win, and then at that balance they stop increase just waiting the bet losing.

[Don Pedro Dinero]

I'm confused.

On one hand, I'm a strong believer that, in the long term, the casino always wins; so, to me, setting sophisticated strategies in order to improve the odds to win and not just to have fun testing numbers is a waste of time and money.

Just keep believing that.

But I don't know whether I've completely understood your system: it seems like a variant of the martingale many other members named before, but are we missing something?

It seems to me that my colleague seoincorporation has already talked about bets of this kind on our local board. I think that this way you can reach a high volume of bets, but you won't be able to beat the house in the long run. The more you bet, the more inevitable the net loss will be.

[Porfirii]

I'm confused.

On one hand, I'm a strong believer that, in the long term, the casino always wins; so, to me, setting sophisticated strategies in order to improve the odds to win and not just to have fun testing numbers is a waste of time and money.

Just keep believing that.

But I don't know whether I've completely understood your system: it seems like a variant of the martingale many other members named before, but are we missing something?

It seems to me that my colleague seoincorporation has already talked about bets of this kind on our local board. I think that this way you can reach a high volume of bets, but you won't be able to beat the house in the long run. The more you bet, the more inevitable the net loss will be.

Thank you Mr. Peter, I feel reassured by your answer as I know you always post judiciously. Let's take this thread as what it is: the testimony of a colleague who is testing his own particular methods in a game, just for fun.

It is true that, although the chances are the same (or less, because, as you said, with a higher number of bets the effect of chance is reduced), very cheap cryptos let you play in a way that, if done with dollar cents, would be a ruin.

[len01]

initially looked at this thread like something new but it turns out to be like a little martingale method and Im not going to try it just to test the game or luck in any case. I mean the martingale strategy, even if its in small amounts, it won't work because everyone will end up losing and draining the balance, especially in dice games. I often play dice when slot games seem to be away from me but its all the same I will never win using any strategy.
but to be honest I appreciate the OP effort in sharing the experience with the new mode from martingale maybe if only to just test everything is fine but will fail in the end.

[danherbias07]

I have never tried it yet, I always just rely on the RTP, with the same bet, and let my seed do the magic. Yesterday, I won something that I did not expect. x2000. It shocked me so much that I want to see it again. So, I used that funds again and see where it will go. Right now, I already won x300 and x200 so I think it's still doing pretty well.

My only strategy is to try and hit the jackpot because I have done the increasing bet type of strategy before and it always just let me down in the end. So, I will just let luck decide while I will always have enough funds for 2000 bets because I think that's the amount needed before hitting a good amount of multiplier.

[Fivestar4everMVP]

The logic behind this betting method isn't complex at all. You bet $2 on x2 and on the next bet you sum +1 to the bet amount and it looks something like this:

Code:

$2 - x2
$3 - x3
$4 - x4
$5 - x5
...
$10,000 - x10,000

I know, in the example looks like a lot of money to bet, but now think about starting from 0.00000002 BTC or better known as 2 satoshis, with increments of 1 satoshi, you can be betting in the long run with 0.001 btc.

To do this I hire a guy to make a betting bot for a casino, and is looking good, is really hard to find a losing run with it.

So, what do you think about this betting method, Has someone tried it in the past?

If i understand correctly, this looks like another version of the popular martingale strategy, though this seems a bit sophisticated to understand straight away, as appealing as this looks, I don't think you are guaranteed a sustained winning run all through, in-fact, as you are betting on increased odds, so is your chances of losing a bet continues to increase, and i bet you will lost much more than just one game before you ever get close to betting with 0.001 bitcoin if like you stated, started the betting with just 2 satoshis.

Anyways, i feel like i should try some thing like this, but i wont, i honestly do not see it as feasible, even with the assistance of bot, there is no betting bot anywhere in the world that has a 100 win ratio, they will fail to predict several matches correctly.

[bitbollo]

more or less it's just another random betting method. But I see in any case the disadvantage of high odds with high stakes.
As example, 100$ x x100 = you need to play around 100 times to hit such odds.
You are going to play 10K USD on this kind of bet as a minimum?
Well, if you don't have a sort of "cap" on the max amount/max odds to be wagered, it can be a disaster...

[noormcs5]

The logic behind this betting method isn't complex at all. You bet $2 on x2 and on the next bet you sum +1 to the bet amount and it looks something like this:

Code:

$2 - x2
$3 - x3
$4 - x4
$5 - x5
...
$10,000 - x10,000

I know, in the example looks like a lot of money to bet, but now think about starting from 0.00000002 BTC or better known as 2 satoshis, with increments of 1 satoshi, you can be betting in the long run with 0.001 btc.

To do this I hire a guy to make a betting bot for a casino, and is looking good, is really hard to find a losing run with it.

So, what do you think about this betting method, Has someone tried it in the past?

I need a bit more understanding on this one as i don't see it as a simple and working method.

First, you need to bet on the odds of X2. The odds for the teams similar in performances are less than 2. And other odds may exceed 2 or even more but it is highly we win those odds because the team whom the gambling sites give 2.0+ odds is an underdog or less strong team and weak teams do not often win.

Secondly, we will increase the bet to +1 on every bet, no matter if the result of the previous bet is a loss or win  
What if you keep on winning the bets and once you reach a stage where you have bet increased to +50 or +100 and you lose that bet?

How can you be profitable in that scenario?

[Jody.Drummer]

I have never tried it yet, I always just rely on the RTP, with the same bet, and let my seed do the magic. Yesterday, I won something that I did not expect. x2000. It shocked me so much that I want to see it again. So, I used that funds again and see where it will go. Right now, I already won x300 and x200 so I think it's still doing pretty well.

My only strategy is to try and hit the jackpot because I have done the increasing bet type of strategy before and it always just let me down in the end. So, I will just let luck decide while I will always have enough funds for 2000 bets because I think that's the amount needed before hitting a good amount of multiplier.

Well it seems that I have something in common with you in terms of doing so, I myself do not want to bother and in choosing the best game I will only go to see the percentage of the RTP of each game, this is like guessing but indeed so far the results are quite good by relying on RTP and recently I have also gotten a win that can at least be used to buy something. That's very surprising, it seems like you're in a lucky position recently so you can get a big win like that. To be honest I myself have never thought about what strategy I should do to get a big win, I will just do it without anything pressing my mind to think, one of them with a strategy. Even I also never thought that we could use strategy in gambling, it's just luck and there is nothing that can provoke the victory to come.

Gambling is just for fun so let's just enjoy it based on luck. 

[Oshosondy]

So, what do you think about this betting method, Has someone tried it in the past?

I am late to reply my own opinion. This is my own opinion:

You mean as the odd is increasing, the betting amount should also be increasing. This seems more of a novice and it will not end well at all. It would only lead to money loss and the betting strategy possible profit or loss is not planned at all.

If you have not gotten any bot for this, just do not waste your money.

As you increase the betting odd, so does the amount you stake should reduce, it should not be the other way.

[Eureka_07]

The logic behind this betting method isn't complex at all. You bet $2 on x2 and on the next bet you sum +1 to the bet amount and it looks something like this:

Code:

$2 - x2
$3 - x3
$4 - x4
$5 - x5
...
$10,000 - x10,000

<snip>
So, what do you think about this betting method, Has someone tried it in the past?

This is called the Martingale System. I have personally used it before in simple (3-optioned) roulettes. Sometimes I break even, sometimes I lose even more. Based on my experience, it is not a reliable strategy.

I agree that achieving a 100% win rate in the Martingale system is only possible if you have an infinite bankroll, which is highly unlikely.


Check these studies out:

- "The Martingale System: A Mathematical Analysis" by David S. Clark (1975)
- "The Martingale: A Losing Proposition" by John Haigh (1995)
- "The Martingale System: A Theoretical and Empirical Analysis" by Richard J. Smith and Mark S. Thomas (2005)
- "The Martingale System: A Review of the Literature" by James H. Weaver (2012)

[flipme]

Your method may be a successful thesis that works, but because you are sharing it in a public setting, casinos may create antitheses against it. I don't play casino games much, so I don't fully understand your method, but we should think carefully before we share our tactics in public. I like to bet on sporting events more because I get more enjoyment from watching them and I feel that I am betting on a predictable event. I prefer casino games to relax my mind and pass some time.

[passwordnow]

It really is a martingale. But this is gambling, whichever method is working for you and is effective then keep on playing with that. Maybe this time it works but who knows what will happen next if it will still. I'm interested to know on how many satoshis you'll be able to reach with this method and how huge/low your losses will be and the same goes for the potential profit that you'll do. Well, with methods like this. I just prefer to do my own method of just setting an amount for this day, win or lose and if it's all gone I'm done.

[molsewid]

It's always this that's the more interesting part in a gambling game that you know very well is tilted toward the house. Exploring and experimenting different strategies are the fun side in dice games. It's always fun trying to beat the house. At the end of the day, however, we know very well that strategies can't defeat the house edge. It will always prevail in the end. It's math. 

As to your strategy, it's my understanding that the lower the winning probability is, the bigger the bet. Will this not bankrupt your bankroll faster?

I think yes it will make his bankroll faster, for me yes this one could help but not all the time. Martingale is quite useful yes and we can't deny the fact that many people are using that strategy and getting a success. But we cannot use that all the time, not all the time he will win and the thing is he needs a larger amount of money to do that strategy it is possible but more risky.

[letteredhub]

So, what do you think about this betting method, Has someone tried it in the past?

I wonder how profitable anyone can be using this method of yours.
 This betting method of yours is very risky and doubt if there's any good chance of getting a win out of it.  With each bet comes a higher amount with an increasing risk. And when the risk in our bets is very high it's easy to lose it. Why not make it the other way round as with each bet going forward you lower the risk while you make higher the bet amount, the chance of winning in this way is much better