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

[rizkyhiw]

do you mean the best way to win 1 BTC with 1 BTC in just dice website? or in every single bitcoin gambling sites?

if you mean in every bitcoin gambling sites and my main daily strategy like this :

1. 0.1 go play on satoshimines , play on 5 mines. hit once and withdraw it.
2. 0.1 go play on diggit.io , play on 5 mines too. hit once and withdraw it.


just play it once a day.

[joksim299]

do you mean the best way to win 1 BTC with 1 BTC in just dice website? or in every single bitcoin gambling sites?

if you mean in every bitcoin gambling sites and my main daily strategy like this :

1. 0.1 go play on satoshimines , play on 5 mines. hit once and withdraw it.
2. 0.1 go play on diggit.io , play on 5 mines too. hit once and withdraw it.


just play it once a day.

And you will probably hit a mine very soon before making any profit.
Can you mathematically support this method?

[rizkyhiw]

do you mean the best way to win 1 BTC with 1 BTC in just dice website? or in every single bitcoin gambling sites?

if you mean in every bitcoin gambling sites and my main daily strategy like this :

1. 0.1 go play on satoshimines , play on 5 mines. hit once and withdraw it.
2. 0.1 go play on diggit.io , play on 5 mines too. hit once and withdraw it.


just play it once a day.

And you will probably hit a mine very soon before making any profit.
Can you mathematically support this method?

that's true because we are talking about gambling, there is always something to risk.
and you shouldn't expect always win, why? because you are not a bookie.
to cover 0.1 when it goes to lost i do like this :

1. bet randomly with small amount, in 24 mines.
2. get back to 5 mines and do 0.4, hit once and it would be 0.496.

it is working for me.

[BTCevo]

HEll stick it in a new ponzi or play dice at 50/50 roll hi.

Rather than do ponzi better yolo your 1 btc, you will have 50% chance to double it rather than wasting your money that will lose in the end of the time. Ponzi is always scammed, I never find that ponzi will profit to me, I dont know with others but most of them will have a same side on me

[WhatTheGox]

Seems like surely betting one time is the best way to go to limit your house edge exposure the most.  Did anyone come up with a better solution during this whole thread?

[elite3000]

HEll stick it in a new ponzi or play dice at 50/50 roll hi.

I'd rather go roll at 50/50 on a dice than investing on ponzi, there's much higher risk on ponzis than playing on dice sites. Additionally, I don't invest my btc on scammers

[shanem]

I rather bet on sports than waste my time play dice with the 1 BTC. For some reason, dice games seem ' rigged ' to me. Whenever I play big, I have a very high chance of losing.

[nickaizoku]

I rather bet on sports than waste my time play dice with the 1 BTC. For some reason, dice games seem ' rigged ' to me. Whenever I play big, I have a very high chance of losing.

I rather bet that 1btc on 80 winning chance. 2 times
And back again another for 2 times 80%

[ndnh]

The less riskiest way to do it is:

1. Pick a dice site with the LOWEST house edge for a bet profit of 1BTC.
2. Roll 1BTC at 2x.

Done.


For say a dice site of 0.1% edge, it would only be 0.001BTC house edge.


It is actually the BEST strategy there and of course still negative EV but the only thing wrong with it is, it takes the fun part out.

[wearepoor]

This was i was following long back but it was working sometime. You can play about 1/20 of your bankroll at 65 percentage and if you lose two times then double your stake and win minimum two times. if this happen then you are on right track and if you're winning then randomly double your stake and play two - three times. I hope this will be work for you also.

[leex1528]

I think you are probably best yolo.  I think that will have the highest value return.  You could also try rolling .1 at 10x, hit once and you are done.  I imagine you could hit once in 10 rolls, but if you hit it on the 10th you are back at 1BTC. 

Your best bet: YOLO

[ndnh]

Easiest way, go to a site that offers x2, go 1 coin all in, then wait for the results.

Easiest but not the best way,we are looking for best way.

It is the easiest and the best way too.

Some people don't see it because it is difficult to get a faulty impression that it is +EV while other strategies might confuse the player into thinking so.


The less the house edge the better. and more promos the better.
AFAIK, there are Moneypot apps with 0.1% edge (not sure if it still is applicable for 1 BTC bets). There are also other sites like Rollin which offers less than 1% edge depending on levels and also running wagering competitions.

[poplolnman]

The less riskiest way to do it is:

1. Pick a dice site with the LOWEST house edge for a bet profit of 1BTC.
2. Roll 1BTC at 2x.

Done.


For say a dice site of 0.1% edge, it would only be 0.001BTC house edge.


It is actually the BEST strategy there and of course still negative EV but the only thing wrong with it is, it takes the fun part out.

I may agree with this simply strategy ndhc, don't need mathematically strategy but the question is where the lowest house edge gambling site with 0.1 house? Mostly had 1% house. Also i believe in the end your luck determine your win 

[Dennis7777]

I may agree with this simply strategy ndhc, don't need mathematically strategy but the question is where the lowest house edge gambling site with 0.1 house? Mostly had 1% house. Also i believe in the end your luck determine your win 

Sharpdice has a house edge of ~0.1% on smaller bets, and has a higher house edge when the bet size goes up. At 1 btc or 1000000 bits, the win chance for a x2 bet is 49.89%, so the house edge would be 0.22%.

[katerniko1]

0.01 on 100x i think if your lucky you can hit it twice in 100 rolls.
but everything depends on luck
regards.
-Katerniko1

[chennan]

0.01 on 100x i think if your lucky you can hit it twice in 100 rolls.
but everything depends on luck
regards.
-Katerniko1

I actually think this is the best way to go about playing dice... bet low with very low odds of winning so your winnings will be 1000X more... better than slowly losing over time, than to just risk it all over a couple of bets which could pay out big time.

[knowhow]

Well im confused and well why to trought away 1 btc into the dice games ? Why not to choose others methods as altcoins,i understand you wanna to double it but i guess you choosing the fast way to loose it .

[Chemistry1988]

The less riskiest way to do it is:

1. Pick a dice site with the LOWEST house edge for a bet profit of 1BTC.
2. Roll 1BTC at 2x.

Done.


For say a dice site of 0.1% edge, it would only be 0.001BTC house edge.


It is actually the BEST strategy there and of course still negative EV but the only thing wrong with it is, it takes the fun part out.

Regarding step 2, making one single all-in bet is a very good strategy but it is in fact NOT the best strategy. Take a look at dooglus' post in https://bitcointalk.org/index.php?topic=939776.60 and you will see an example constructed assuming a 1% house edge that gives the player a winning chance of 49.649% (compared with 49.5% in a single all-in bet with 1% house edge).

[Superhitech]

0.01 on 100x i think if your lucky you can hit it twice in 100 rolls.
but everything depends on luck
regards.
-Katerniko1

I actually think this is the best way to go about playing dice... bet low with very low odds of winning so your winnings will be 1000X more... better than slowly losing over time, than to just risk it all over a couple of bets which could pay out big time.

The odds are actually very close whether you bet one big bet or martingale/small slow bets. Really it comes down to if you want a long period of entertainment or not.

[mtnsaa]

This is what I did some weeks ago with a smaller amount, it was about 0.1 BTC I think but in another cryptocurrency. I had it in a dice wallet and as I had to transfer it to my main one and then back to BTC so I thought what the hell, let's try to double it. I'm not a betting guy, that's very important since you have to be very cold and be prepared to lose it all.

The strategy may have been mentioned before and it's very simple: Bet 50%, if you win, you're out (I know that's not your goal, but you can try again next day or when you feel like it) if you lose, try again to regain the money (now you reallly are at risk of lose it all).

I've won on the first play and never gamble it again. So if you are lucky you would have 1.5 BTC, bet again in the next days to achieve your goal or go back to square one. It's basically like playing it all at once, but with a safety net, you won't be dead if you lose it all in the first play. You also avoid exposure to the house edge.

All other systems that require hundreds of bets are useless when you consider the house edge, you'll LOSE. Setting up some rules and limits like this will clear your head and you won't be exposed in the heat of the moment.