Is this profitable...

[Odusko]

Do you think you can make profit out of this game? Bear in mind that you can play for an infinite number of times.

I have not seen coin flip on a casino before. Is it there?

As long as it is in a casino game like roulette or dice with 2 odds, the person is most likely going to be the one that will lose more while the casino will gain more.

But if it is with another person that the game is being played with and not casino, it is still a game of lucky. Worth knowing that there are easy way to cheat with coin flip I think.

Coin flip will be the most difficult to cheat in, regardless if you are playing against another player or against the house, the house endge could inpiard the game results in favor of the house  but to say that a player could cheat in this games, is definitely a hard thing to succeed in, and some time we need to stay guided and knowing what we believe in, not just what is being said by other online regarding a game vulnerability.

[romero121]

Consider a scenario where you play coin flip. Heads come out you win, you double your money. Tails come out you lose, 50% is reduced to your money.

So if you start with $10 and you win it becomes $20 but if you lose it becomes $10 which brings you to the start. But after consecutive wins, what does it look like? Your $20 can become $40 and the $40 can become $80 after consecutive wins and you lose one time and that is still $40. Sounds pretty neat?

Do you think you can make profit out of this game? Bear in mind that you can play for an infinite number of times.

This is the same as playing dice. You keep on rolling with the prediction above 50 and below 50, in which the bet amount gets doubled. Going above 75 means the bet amount gets tripled if won. This is all about the assumption, and is there any strategy with which it is possible to have consecutive wins and losses? In simple terms, you can't make any calculation and go for the choice of heads or tails because different platforms have varied algorithms that run in the backend. Everything is upon luck. Some might get lucky and turn $10 into a million dollars in less than 20 rolls or flips. Those are very rare to see.

[coin-investor]

Do you think you can make profit out of this game? Bear in mind that you can play for an infinite number of times.

The rules of playing in a casino are that the longer you play your chances of winning diminish because the house edge will eventually catch you. I don't recommend playing long with the hope of maximum profit because it's not going to happen.
I don't see the logic of the formula; there is no edge for players in every luck-based game. People think Martingale is advantageous to players until they try it and get busted

[terrific]

I am trying to calculate that before losing the whole $10 with this type of ratio for every set, it's going to take a while.
So even in the last cent, I guess that someone is going to enjoy this and the gambler himself will be just the one to decide to stop it wholly.
But to say that if this is going to be profitable, it depends on how you know yourself well. If you like staying longer, you know that it's not going to be.

[len01]

Things won't happen according to our expectations. In fact, it's much more difficult to make a profit in the long run. Even getting a winning streak in a coin flip is difficult. A small percentage of people may be lucky enough to make a profit in the long run, but they lose because they don't set a winning limit. What we should think about is not whether we can benefit from the game, but rather, we should set a winning limit and stop once we've won enough. Otherwise, the profit will be gone in less than 30 minutes.

[suzanne5223]

[snip]
Do you think you can make profit out of this game? Bear in mind that you can play for an infinite number of times.

Yes, making a profit out of this type of game is possible, and the best way to make a profit from the game is never to be greedy. However, the risk and the chance of winning are both high which will make alot of gamblers find winning through the game to be impossible because this is total a mind game which is mainly good mature gamblers that can control their buzz, aand also nkow the right to leave when the game is in their favor.

[Fivestar4everMVP]

The probability of you winning and losing is a 50-50 chance on each game. This is a game of pure luck and nothing more. I can't say if you can make profits from such a game despite that you can play till infinity because it's your luck that will determine this.

You can be lucky and win for some period of time but it's not guaranteed. When I was a teen, we love playing the game in order to be the first to choose something.

I doubt that the probability of wining  to loosing is 50-50 casino are more likely  to be on the wining side than let their customers take advantage of the whole situation. However the wining  difficulty is set in such that the casinos are always on the wining side that is why we tend to see a casino which got launched with the right advertisement strategy booming allover, to the extent of creating and branding their casinos to a more standard and user friendly platform.

You are absolutely right bud, in every game that winning and losing is purely based on luck, casinos always have a higher edge when it comes to winning than the gambler, this is because at the very start, probability of winning or losing is usually 50<>50 for both the casino and the player, but then, a house edge then applies for the casino which significantly raises the casino's chances of winning, thereby as well reducing the player's chances of winning.

So let's say with luck and a house edge, a casino may have up to 70 or more percentage of winning while the gambler will have to make do of whatever percentage that is remaining, this is why for the gamblers, it easier to lose money than to win it when it comes to gambling.

[Yaunfitda]

[snip]
Do you think you can make profit out of this game? Bear in mind that you can play for an infinite number of times.

Yes, making a profit out of this type of game is possible, and the best way to make a profit from the game is never to be greedy. However, the risk and the chance of winning are both high which will make alot of gamblers find winning through the game to be impossible because this is total a mind game which is mainly good mature gamblers that can control their buzz, aand also nkow the right to leave when the game is in their favor.

That is the keyword there, and maybe it's the control as well. If you have like a winning run of 3 consecutive and you have been rolling your money, it might be good though. But maybe you think that you are luck and using a smart strategy and so you continue and look for big money. But for smart gamblers who really knows what would be the outcome, then maybe it will be just enough to make a successful 3 win run and then quit and stop. I also have heard this kind of strategy to a old gambler. His story goes that he will go on a land base casinos and will just allot a little money. And if it rolls and win, then he will stop immediately and then go home and never look back.

[Dr.Bitcoin_Strange]

You be yourself and I be myself, I would have taken the $20 on that first win and walk away, because I have too much respect for what gambling really is, you can say I have lost opportunity to win the $40 later on.

Exactly what I was trying to say too in my first suggestion, after winning the first hand, and he still wants to continue trying the strategy whether it will work or not, he should withdraw the first profit he made and continue with the first capital. So that when he lose, he will only lose the capital he had and yet be left with the profit he made. If he doesn't make the withdrawal, there's a high chance that he can lose it all during a losing streak.

[suzanne5223]

[snip]
Do you think you can make profit out of this game? Bear in mind that you can play for an infinite number of times.

Yes, making a profit out of this type of game is possible, and the best way to make a profit from the game is never to be greedy. However, the risk and the chance of winning are both high which will make alot of gamblers find winning through the game to be impossible because this is total a mind game which is mainly good mature gamblers that can control their buzz, aand also nkow the right to leave when the game is in their favor.

That is the keyword there, and maybe it's the control as well. If you have like a winning run of 3 consecutive and you have been rolling your money, it might be good though. But maybe you think that you are luck and using a smart strategy and so you continue and look for big money. But for smart gamblers who really knows what would be the outcome, then maybe it will be just enough to make a successful 3 win run and then quit and stop. I also have heard this kind of strategy to a old gambler. His story goes that he will go on a land base casinos and will just allot a little money. And if it rolls and win, then he will stop immediately and then go home and never look back.

Control is indeed the keyword because only a gambler who can control his/her buzz will be the one who's not greedy,  which is what makes a smart gambler.
Having said that, according to how the OP makes an explanation about the game, it is a game that doesn't involve the use of any strategy because it a totally luck based game.

[serjent05]

Consider a scenario where you play coin flip. Heads come out you win, you double your money. Tails come out you lose, 50% is reduced to your money.

So if you start with $10 and you win it becomes $20 but if you lose it becomes $10 which brings you to the start. But after consecutive wins, what does it look like? Your $20 can become $40 and the $40 can become $80 after consecutive wins and you lose one time and that is still $40. Sounds pretty neat?

This isn't new strategy, I believe this one had been discussed on the other thread years ago.  This is a variation of martingale strategy and whether it is a good strategy depends on the players timing to stop.

Do you think you can make profit out of this game? Bear in mind that you can play for an infinite number of times.

Definitely one can make a profit out of this betting strategy if and only if one knows when to quit.  The problem with this strategy, just like the same with the normal martingale strategy is that the game seems designed to increase the number of consecutive losses the longer the person play.  That is the no.1 problem with this kind of strategy, so in the end the player still ends up with nothing if he continue his gambling session enlessly.

[$crypto$]

Definitely one can make a profit out of this betting strategy if and only if one knows when to quit.  The problem with this strategy, just like the same with the normal martingale strategy is that the game seems designed to increase the number of consecutive losses the longer the person play.  That is the no.1 problem with this kind of strategy, so in the end the player still ends up with nothing if he continue his gambling session enlessly.

After winning from this strategy they stop maybe it's a good one --- but the thing is where players usually get more addicted if they are given a win but it depends on their strategy to stop or continue because we know after continuing the game any strategy will be useless they will only regret it after losing everything.

[rachael9385]

There is no strategy in there but the hope to win consecutively. Yes you can make it if you are lucky to make a series of wins. Why wait for it to be $40 when you can quit after you turned your $10 to 80.

Just move to another game and see if you are lucky again.  While your win on casino games only depends on luck, you might as well apply strategies, you may never know until you try again.

From the experience I have had so far with casino games it's useless to have a target because winning is only based on luck, it's possible that you might exceed your targets and it's also possible for you to lose when you try to hit your target. That's why it's always best to stop whenever you are in Profit, it doesn't matter how much it is, a win is a win. If you are not satisfied with your profits you'd always want to chase more

[Mrbluntzy]

With the comprehensive explanation given by a member of this forum, I agree with him that there is no strategy that is profitable in gambling. Any strategy you want to try in gambling, you should based it on luck and only practice with the amount that is not too oversized. If you practice with a massive amount and you lost it, you need to take a break. Gamblers that have practice this method before your interest arose have already shared their thoughts and experience, you can still try your method and publish the result here.

[Agbe]

You can't make any meaningful gain from this type of game that you are narrating here because because it's certain that you can't consecutively win up to three times straight so I can't say that this type of game is really profitable the game of dice is a game of chance and luck so so there is thesame chances of one losing and thesame time losing so there is no special strategy that one can employ that can work here

[Ricardo11]

You be yourself and I be myself, I would have taken the $20 on that first win and walk away, because I have too much respect for what gambling really is, you can say I have lost opportunity to win the $40 later on.

Exactly what I was trying to say too in my first suggestion, after winning the first hand, and he still wants to continue trying the strategy whether it will work or not, he should withdraw the first profit he made and continue with the first capital. So that when he lose, he will only lose the capital he had and yet be left with the profit he made. If he doesn't make the withdrawal, there's a high chance that he can lose it all during a losing streak.

This can certainly be an effective strategy, you keep gambling with a certain amount of money according to your ability to lose, and keep aside the amount of money you will win while you continue playing, and keep gambling using only the amount of capital you have determined, and if you lose it, stop gambling immediately, and enjoy what you have win.
This type of thinking is certainly a positive way of thinking, through which a gambler can effectively enjoy gambling, but there are many people who after winning a little at first, get overly excited and continue gambling continuously with the capital including the amount of money they have won, as a result, they lose not only their capital, but also their profits. In fact, the end result of this type of thinking is only disappointment, so think about how to make gambling enjoyable, gambling is only for entertainment, so a gambler should try to enjoy it only.

[sana54210]

Do you think you can make profit out of this game? Bear in mind that you can play for an infinite number of times.

No, you cannot consistently make money out that game and if you do then it is because you had good luck in your first cointosses and then immediately withdrew your money to enjoy it. The fact you can toss the coin an infinite number of times only adds power to the casino their set house edge to drain your bankroll before you even realize it.
Keep in mind all casino games have that small percentage inclined to favor the house, that means of you play an infinite number of times your bankroll will always tend towards zero.

Please be careful when you play coin flip, because it may be one of the most simple and straight forward games you could find on casinos, but the illusion of easy chances to profit out of them could be very costly to you and your personal finances if you don't stop on time or if you try to outsmart mathematics.

He did not say he withdrew his money but he continue for more. He likes the fact that he is still lucky but as we know it, it is not permanent. So, it is still better to secure what we already have. He can toss the coin infinite times but he didn't realize that we can also play other gambling games unlimited times. The only thing is that, casino sets a limit of how much max bet we can make, same goes for the profit that we can win.

So, there is no way that we can beat the hell out of them. Add in that they also have a house edge like you said there. Coin flip may be simple and some people likes simplicity but for me, I think it only drains my balance quickly. So I prefer games that are a little complex, to enjoy the time I spent in the casino well.

[Pandorak]

Consider a scenario where you play coin flip. Heads come out you win, you double your money. Tails come out you lose, 50% is reduced to your money.

So if you start with $10 and you win it becomes $20 but if you lose it becomes $10 which brings you to the start. But after consecutive wins, what does it look like? Your $20 can become $40 and the $40 can become $80 after consecutive wins and you lose one time and that is still $40. Sounds pretty neat?

Do you think you can make profit out of this game? Bear in mind that you can play for an infinite number of times.

It won't be that easy, the winning streak you said is hard to come by, considering the odds are still 50/50 which means purely based on luck rather than any analysis or pattern. on the other hand, it is likely that you will experience a total loss at the beginning before you think you can multiply your money, in my opinion the risk you face is greater than the chance of profit, even if you get a profit, it will not last in the long run.

[Lida93]

Consider a scenario where you play coin flip. Heads come out you win, you double your money. Tails come out you lose, 50% is reduced to your money.

So if you start with $10 and you win it becomes $20 but if you lose it becomes $10 which brings you to the start. But after consecutive wins, what does it look like? Your $20 can become $40 and the $40 can become $80 after consecutive wins and you lose one time and that is still $40. Sounds pretty neat?

Do you think you can make profit out of this game? Bear in mind that you can play for an infinite number of times.

Your hypothesis makes it seems like coin flip games are that easily to get out money doubled with. Such game as this doesn't have anything to do with strategies, you just have to fli the coin and hope you're lucky to have a head, but having to get consecutive heads is just not simple even if it's possible to be happen. You could even be having a head and tail sequentially or a tail all through.