Martingale Strategy

[Unpredictable]

I mean if you bet 1 satoshi it will work for a looong time since:

1           
2
4
8
16
32
64
128
256
512
1024
2048
4096
8192
16384
32768
65536
131072
262144
524288
1048576
2097152
4194304
8388608
16777216
33554432  At this point you need a 26 loss streak to lose


If you have 1 btc you can afford all these bets (last bet is 0.33)

So yea 26 loss streak is extremely rare, on the other side betting 1 satoshi is really low (right now 10k satoshi = 0.03 USD)
Meaning that you are basically betting 0.000003 each bet so you need to win 10.000 bets to win just 0.03 USD
100.000 to win 0.3 and 1 million to win 3USD, Unless you have a betting bot that can do that extremely fast i dont see how it would work

You are right.
Even if you win 1 sato per second it would still take you a lot of days to win 1BTC.

And 20+ loss streak is not smth unbelievable.

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[wayshegoes]

Investing in dice sites is more often than not, much more profitable and less risky that satoshi botting. You WILL hit that streak if you leave the bot running forever. It's almost a guarantee.

You're better off betting your bankroll at 49.5% once and stopping with double profits, or nothing. It's the same outcome with small botting, but with a chance or much higher profits.

[redsn0w]

I think it is not a good strategy , at the end it's only a question of luck.

[Bitzkrieg]

Martingale is a great way to make some profits before inevitably losing everything on one bad streak.

Lol..how can we check if Martingale is not rigged?

[wayshegoes]

What do you mean? You can verify your rolls on provably fair dice sites to check what the rolls are after you change your seed.

The only way to guarantee profits with martingale is to have unlimited funds, and I truly mean unlimited.

[kantongajaib]

get ur exle for martingele sir =B3*120%

or like this??
https://bitcointalk.org/index.php?topic=768254.msg9342143#msg9342143

[wayshegoes]

Nice "strategy". I'll bet 1 bitcoin that eventually you'll lose it all if you continue.

[redsn0w]

Nice "strategy". I'll bet 1 bitcoin that eventually you'll lose it all if you continue.

Yes of course , it is only a question of luck . At the end you will always  lose .

[nelisky]

All gambling is based on luck, all gambling sites have odds in their favour thus you need more luck. I run diceoncrack.com which offers automated martingale strategies and I can't say the house always wins even though odds are slightly biased towards the house, but I can say the average is always positive for the house, as it has to be or there would be no house.

There's this saying in poker that it's not about knowing when to bet, it's knowing when to fold. That is true, I believe, for all gambling and it is most certainly true here. You might walk out with a hefty profit but it is hard to not fall for the psychological trap where after a winning streak you believe that since you've been winning you'll continue to win... and that's where martingale is particularly unforgiving

[emsjvh]

It does not work due to users reporting 30+ loss streaks on dice sites (not gonna name anyone here...).

If you find a site that does not hit 27+ loss streaks then you can profit... even then you'll need some serious capital and time to setup everything.


In general if you're really devoted and investigate multiple sites you're most likely to profit 0.05 % - 1 % daily (realistically you're looking at 0.05-0.07%.


You'll need alteast 1 bc for it to be worth your time otherwise you better off just getting faucets and yoloing them.

[yvv]

Say I bet 0.01 then if I lose I would bet 0.02 then 0.04 and so on until I win. Is there anything wrong with this?

Yes there is. You usually win small amounts for a long time, but eventually lose everything in few minutes. Try it.

[eden1]

start low and bet with bot
pray that u dont get streaks of losses

[yvv]

start low and bet with bot
pray that u dont get streaks of losses

MWAHAAA!1

Dice do not believe in gods. They are slaves of statistics

[Marcoser123321]

Thanks for all your replies guys!

I'm going to go to freebitco.in and just try the martingale with the free bitcoins they give me. I"m going to roll 500 times and I'll post the results.   

[Marcoser123321]

OK

So I entered the captcha code and I got 0.00000589 and after 500 rolls, my grand total is........0.00000832!


I'm just lucky I haven't encountered a mass losing streak yet.
   
   

[emsjvh]

If you haven't done any mathematical modeling for it then you should not be using martingale....

It appears to "work" at first however in the end it will bust you unless you know what you're doing.

In short: It does not work.