Rapido (OP)
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June 18, 2014, 01:30:36 AM |
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is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.
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polynesia
Legendary
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Activity: 1358
Merit: 1000
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June 18, 2014, 01:40:22 AM |
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Will work if you have an infinite supply of wealth. is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.
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lynn_402
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June 18, 2014, 01:45:22 AM |
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is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.
If that truly worked, all the casinos in the world would be out of business One of the reasons it doesn't, is the house's edge.
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Rapido (OP)
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June 18, 2014, 02:09:43 AM |
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is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.
If that truly worked, all the casinos in the world would be out of business One of the reasons it doesn't, is the house's edge. You have a point there, thanks btw.
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scribbles
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June 18, 2014, 04:10:40 AM |
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is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.
If that truly worked, all the casinos in the world would be out of business One of the reasons it doesn't, is the house's edge. The true weakness of a martingale strategy is not the house edge (which refers to statistical probability in favor of the casino), but the max bet amount and/or funds available. Even with the house edge, a person could double their bet every interval and eventually win one unit. However, there will be a time when you will hit either the betting limit or your own limit in funds available. Martingale looks like it works... at first. Then you hit the above scenario and can lose it all. Try the martingale system on a site with practice tokens and you'll see.
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Rapido (OP)
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June 18, 2014, 04:56:32 AM |
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is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.
If that truly worked, all the casinos in the world would be out of business One of the reasons it doesn't, is the house's edge. The true weakness of a martingale strategy is not the house edge (which refers to statistical probability in favor of the casino), but the max bet amount and/or funds available. Even with the house edge, a person could double their bet every interval and eventually win one unit. However, there will be a time when you will hit either the betting limit or your own limit in funds available. Martingale looks like it works... at first. Then you hit the above scenario and can lose it all. Try the martingale system on a site with practice tokens and you'll see. Thanks for this. i'll try this system but will not push to the limit.
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ranochigo
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Merit: 4315
Crypto Swap Exchange
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June 18, 2014, 05:39:56 AM |
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freebitco.in do have very high house edge, even without house edge and you have a very very large bankroll, you will bankrupt in the long run unless you have unlimited bankroll.
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cech4204a
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June 18, 2014, 09:34:45 AM |
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As i allready explained somewhere , martingale is not a good system enough, since you have to have like 100 BTC to be able to make 0.001 per day with a really fast script to be on the safe side.
There are a lot of people that can confirm that 34 streaks (non winning numbers) happened , now to transform that in numbers:
1-0.00000001 2-0.00000002 3-0.00000004 4-0.00000008 5-0.00000016 6-0.00000032 7-0.00000064 8-0.00000128 9-0.00000256 10-0.00000512 11-0.00001024 12-0.00002048 13-0.00004096 14-0.00008192 15-0.00016384 16-0.00032768 17-0.00065536 18-0.00131072 19-0.00262144 20-0.00524288 21-0.01048576 22-0.02097152 23-0.04194304 24-0.08388608 25-0.16777216 26-0.33554432 27-0.67108864 28-1.34217728 29-2.68435456 30-5.36870912 31-10.73741824 32-21.47483648 33-42.94967296 34-85.89934592
Sum till this bet is 171.79869183 BTC, Are you still sure you want to do martingale?
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Bitcoin is DEAD
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Kprawn
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Merit: 1074
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June 18, 2014, 07:12:17 PM |
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I tried it on Freebitco to see how they would counter it. They allow it for a few rounds, and then you get the longest loosing streak ever, until your coins are depleted. Not worth it, they have a system to counter it. Which is a good thing. They would not have survived without it. If you have coins to dump on them, try it yourself.
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Argwai96
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Merit: 1000
Thug for life!
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June 18, 2014, 07:32:57 PM |
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Martingale works until it doesn't. The fact is, it is only foolproof if you have an endless bankroll. If you use proper bankroll management, you can ride a luck streak, take profit out, and start again, and may be successful. But ALWAYS take profit when you are ahead. Eventually, you will lose everything, guaranteed.
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FeodoroAndy
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June 18, 2014, 07:45:33 PM |
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There is nothing for free, worth to remember that.
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mezmerizer9
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June 18, 2014, 07:54:39 PM |
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is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.
No, it's a sure loss. There is no betting system that will make you win 100%. You are better off farming btc from freebitco.in then trying to bet and losing it all.
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Argwai96
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Activity: 1036
Merit: 1000
Thug for life!
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June 18, 2014, 08:11:47 PM |
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There is nothing for free, worth to remember that.
Well, sure. Time is money and all that. But there are still giveaways in bitcoin and altcoins. They don't pay like they did a couple years ago, but they are there.
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FattyMcButterpants
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June 18, 2014, 08:23:15 PM |
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variants of martingale will work. if you are willing to lose money to make money. as someone mentioned, martingale ALWAYS fails eventually, but if you have a good system for taking profit on runs, you can beat it. there are better ways to make money, though, imo.
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boumalo
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Activity: 1918
Merit: 1018
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June 18, 2014, 10:00:07 PM |
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As i allready explained somewhere , martingale is not a good system enough, since you have to have like 100 BTC to be able to make 0.001 per day with a really fast script to be on the safe side.
There are a lot of people that can confirm that 34 streaks (non winning numbers) happened , now to transform that in numbers:
1-0.00000001 2-0.00000002 3-0.00000004 4-0.00000008 5-0.00000016 6-0.00000032 7-0.00000064 8-0.00000128 9-0.00000256 10-0.00000512 11-0.00001024 12-0.00002048 13-0.00004096 14-0.00008192 15-0.00016384 16-0.00032768 17-0.00065536 18-0.00131072 19-0.00262144 20-0.00524288 21-0.01048576 22-0.02097152 23-0.04194304 24-0.08388608 25-0.16777216 26-0.33554432 27-0.67108864 28-1.34217728 29-2.68435456 30-5.36870912 31-10.73741824 32-21.47483648 33-42.94967296 34-85.89934592
Sum till this bet is 171.79869183 BTC, Are you still sure you want to do martingale?
Risking 171BTC to make a satoshi is putting martingale into perspective I want to answer to OP : try it for free, you will see that you will win sometimes and lose sometimes No betting strategy beats an house edge
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FattyMcButterpants
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June 18, 2014, 10:02:37 PM |
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Risking 171BTC to make a satoshi is putting martingale into perspective I want to answer to OP : try it for free, you will see that you will win sometimes and lose sometimes No betting strategy beats an house edge martingale can beat it. the only catch is, you need enough money that you will literally, never ever run out. with bitcoin's finite supply, this is actually impossible.
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xcapator
Sr. Member
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Activity: 322
Merit: 252
Here I Am !!
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June 18, 2014, 10:45:37 PM |
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is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.
I had tried martingale on freebitco.in and made a good profit to almost 100k satoshi in a day. The next day i played again and guess what, i ended up with zero balance. Now i m giving up and quit.
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BtcFlood.com
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June 19, 2014, 01:08:15 AM |
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You will always loose if you use martingale on long term. At some point you will finish your limited budget!
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trand
Full Member
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Activity: 252
Merit: 100
Streamity Decentralized cryptocurrency exchange
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June 19, 2014, 01:24:57 AM |
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is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.
dont try martingale for long term i'v try a couple time on many site if you use for longterm you loss everything because system can read your trick so if you want try it on short term i hope you have luck with this method
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