Challenge: What's the best way to win 1 BTC with 1 BTC?

[blockage]

I made a Moneypot account with the username MadZ, deposit address 1LnQYjwRhsZkp21jaMx6PNJynBw6w2BrKR, thanks!

Sent you 0.05: 8983f965ddd3d6e5b42a4b035f6b3072ff4984ce726f13a6b687e79260fa3ada

and added 0.1 to blockage's account. If someone can beat his solution, I'll give them 0.1 as well.

Thanks a lot!

[1715183608]

1715183608

[thompete]

Best way to win 1 BTC is not to do anything .Money saved is money won

[coinableS]

Really? The strategy that won was make 1 bet of 0.0001010101 BTC @ 9900x?   Is it just me or does it seem that using expected value (EV) is not a good way strategize with dice betting?

[Minnlo]

Really? The strategy that won was make 1 bet of 0.0001010101 BTC @ 9900x?   Is it just me or does it seem that using expected value (EV) is not a good way strategize with dice betting?

Yup, and thus OP admitted he should have used "probability to win 1 btc" to assess the strategies.

According to these conditions, maximal EV with 1 BTC bankroll attempting to win 1 BTC is achieved by making 1 bet of 0.0001010101 BTC @ 9900x.

You're right, my language was pretty poorly picked. I should have said: "Maximizing the probability to win 1 BTC" as opposed to "Maximizing the EV".  Your bet does however does use fractions of a satosishis, so I'll give you 0.05 if you tell me your MP Account or bitcoin address.

The core question is still open, and for the people who suggested martingale betting sequences, I'll writes some code to figure out the probabilities a bit later.

[FanEagle]

If it was me I would still use the method I said to win that.
There is no more pleasure than risking in gambling, it's my philosophy.
I never been unsatisfied from 60% bets, maybe I've been pretty lucky tho.

[Candystripes]

I am still a bit positive that my method beats all of yours:

1.12x payout. You start with a base bet of 0.01. You bet like this:

0.01
0.011
0.0121
0.01331

Then do it all again. At any point if you lose a bet, you do 5x the bet. NOT 10x as people normally do. Example:

-0.01
-0.05
.25 bet (win 0.0275 or so).

[nikona]

Compare any gambling strategy to simply holding 1 Bitcoin for 6 months.  Chances are best you will double your money that way.

lol..the money is close to becoming half about these days..!

[ndnh]

The best way to win 1 BTC from 1 BTC?

1. Go to Satoshidice.com You have 5 leaderboard prizes. 2*0.05 and 3*0.1 (currently undergoing maintenance)

Go on betting 0.001BTC@98% chance (max possible) till you have the highest winning streak. Need around 200 win rolls to be secure. You will get 0.1BTC/day. (Safe. Time consuming)

Go on betting 0.001BTC @ 0.25% or around that till you win. You will get another 0.1BTC prize a day. (A little risky)

Like this, you will get some 1BTC in around 1 to 10 days.

2. Lend trusted members 10% interest, for collateral. Repeat 10 times.

3. Go to FortuneJack.com. Top 2 of the 10 leaderboards with lowest competition like Bingo, etc. Done. (You can get up to 5BTC a week (assuming you can win only one prize in a leader board))

[malzahar]

the best way is going based on a small principal, and increase it on what you know.

eg: 0.1 - but needed to win 10 times in a row.

[Aaron2dc71]

remove gambling from your choices by that the risk of losing money will be less, you can lend to users here at the forum to earn some %

[febriyana]

Just change chance to 2x, choose ALL IN, choose HIGH, and then pray for your BTC 

[Madern]

Just change chance to 2x, choose ALL IN, choose HIGH, and then pray for your BTC 

10x bets u will be good to go

[pozmu]

Interesting topic.
I had some luck using this pattern:

Play about 1/20 of your bankroll @ 66%
If you lose two times then double your stake and win at least two times.
If you're winning then randomly double your stake and play two - three times.

[Nobitcoin]

I say play Blackjack and when the dealer hits Blackjack go all in next hand.

[ndnh]

I say play Blackjack and when the dealer hits Blackjack go all in next hand.

That is worse than doing a martingale. Just two losses and you are out?

I have got around 2 dealer BJs in a row and a 20 all 3 lost or similar to that a couple of times

[galbros]

There are sites that allow you to invest, just-dice was the most famous but has now converted to clam.  But the dice.me family of sites allow investment.  If you are not in any rush to double your coins that gives you 90% of the house edge.  If you like minefield games diggit.io also has an investment option.

Conceptually what you are trying to do is reduce the variance of the results from gambling enough to give you a chance to get up 1 btc before succumbing to the house edge.  This is why blockage's solution is a good one.  I think the finance folks call it value at risk, by betting a very small amount at high odds you have a chance to achieve your goal without exposing all your bankroll to one loss.

Good Luck!

[funtotry]

I haven't really been following the thread lately but did the OP do any bets and did he win or lose his 1btc?

[sherbyspark]

Martingale on Sports betting super safe parlay bets.
I have almost never failed, but I only do it with small amounts however

[caga]

I haven't really been following the thread lately but did the OP do any bets and did he win or lose his 1btc?

He wasn't looking to make the bet, but was simply looking for the best way to make or double 1 bTC

[elephantas1]

Lend the amount in the Lending section. And over time you will be able to double your bankroll. but there is nothing good for get rich quick.

that would take waaay too much time i would better do ponzis or hyips instead or just make 2x dice roll