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Author Topic: Challenge: What's the best way to win 1 BTC with 1 BTC?  (Read 15489 times)
Hazir
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October 12, 2015, 03:53:41 AM
 #161

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 .

Because dice is the fastest way and the easiest way to get your money. Throw 1btc in dice games will lead you into doubling your balance if you know how to play it. Mostly people are using 1.xx multiplier with higher balance, this is safer than do martingale although sometimes you will lose too but you have earned it before you lose it so it is worth to try
When it comes to gambling fastest not always is the best option. Unless, of course, you want to lose your money fast.
Dice is easy, but it is risky, there is nothing you can do to influence the outcome, martingale is fiction, other 'strategies' or dice 'hacks' are just gambler's superstition.


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October 12, 2015, 03:57:38 AM
 #162

@OP
I see that you have created this topic nearly ten months ago. I just wanted to know if you have tried out any of these 9 pages of suggestions for a long time.
can you please add some info and personal experience with the strategies that you used in this period?

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October 12, 2015, 05:46:54 AM
 #163

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 .

Because dice is the fastest way and the easiest way to get your money. Throw 1btc in dice games will lead you into doubling your balance if you know how to play it. Mostly people are using 1.xx multiplier with higher balance, this is safer than do martingale although sometimes you will lose too but you have earned it before you lose it so it is worth to try
When it comes to gambling fastest not always is the best option. Unless, of course, you want to lose your money fast.
Dice is easy, but it is risky, there is nothing you can do to influence the outcome, martingale is fiction, other 'strategies' or dice 'hacks' are just gambler's superstition.

Yes its true it is risky thats why you need some self control, or may be you can set your max win and max loss with some strategy. Some strategy will not end you up in losing though. I ever play with some strategy that lead me into winning 300% from my balance. This would me great right. This is not supersition but its pure luck
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October 12, 2015, 12:57:22 PM
 #164

The fact that the investment being called high risky ,the main advantages of dices websites is that you can make some profit very fast same as loose fast,but well there is an %% that you can sucess,the other way to make it double is the hyips were the risk is 99.999% to loose all money invested,since all ponzi and will lead into a deep loss.I know several people plays dice i had tryed my self  free satoshis i were earning and well i try to go on a bet high all in and all losted i guess were the 49% ratio to win or loose.
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October 12, 2015, 07:11:20 PM
 #165

How are people calculating these odds?  I don't think it is possible to have anything better then a 2x bet at any dice site.  That should give you your best odds to actually win.
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October 12, 2015, 07:41:57 PM
 #166

Challenge: The person who provides the best way to win 1 BTC using a bankroll of 1 BTC. I will give 0.1 BTC to (payable to their moneypot account).

Assuming the constraints of a dice site such as bitdice.me or pocketrocketscasino.eu: 1% house edge, 9900x max payout, 1 satoshi minimum bet.  Provide a well-defined betting sequence to maximize the chance of winning 1 BTC. If I don't have the skills to analytically analyse your solution, I will be forced to simulate it over a few billion runs. Your betting sequence must be FULLY specified without any ambiguities.

Let me start with the most obvious solution:


Bet 1 BTC @ 2x  ... which gives an EV of -0.01, and a chance of winning at 49.5%


You know want the easy one to make money?? I think no one  will open his tactic or tricks here in public for how he make or win money in gambling.. That was inlcuding me Smiley
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October 12, 2015, 07:48:53 PM
 #167

I think best and safest way to earn 1 btc is sports betting. If you have enough knowledge about any particular sport, if you are following any team or players then you can be in the position to predict the result. So as per me you can take a chance with sports betting as there are many chances to make some good profit.
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October 12, 2015, 07:51:26 PM
 #168

I don't think it is possible to have anything better then a 2x bet at any dice site.  That should give you your best odds to actually win.

What are you trying to say?

What would be "better" than a 2x bet? A 3x bet has a higher payout, but a 1.5x bet has a higher chance of winning. Which is better? Why is 2x "best"?

What do you mean by "best odds"?

It's hard to argue against what you say when what you say is too fuzzy to grasp onto, even though what you're trying to say is almost certainly incorrect.

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October 12, 2015, 07:57:24 PM
 #169

I don't think it is possible to have anything better then a 2x bet at any dice site.  That should give you your best odds to actually win.

What are you trying to say?

What would be "better" than a 2x bet? A 3x bet has a higher payout, but a 1.5x bet has a higher chance of winning. Which is better? Why is 2x "best"?

What do you mean by "best odds"?

It's hard to argue against what you say when what you say is too fuzzy to grasp onto, even though what you're trying to say is almost certainly incorrect.

The topic is about doubling your bitcoins, so I guess 2x is the minimum. I don't know any strategy that will lower the house edge(but some may increase or decrease the variance, but still hard)

Maybe try sport bets, if you don't know anything just follow Joca's advices(split your bets to be more sure)?

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October 12, 2015, 07:58:47 PM
 #170

I don't think it is possible to have anything better then a 2x bet at any dice site.  That should give you your best odds to actually win.

What are you trying to say?

What would be "better" than a 2x bet? A 3x bet has a higher payout, but a 1.5x bet has a higher chance of winning. Which is better? Why is 2x "best"?

What do you mean by "best odds"?

It's hard to argue against what you say when what you say is too fuzzy to grasp onto, even though what you're trying to say is almost certainly incorrect.

Errr, sorry for the miscommunication.  I am just thinking that wouldn't 2x payout give you the best chance of winning at 49.5 % with a 1% house edge?  Wouldn't that be the best expected value in return?  I am not good at math nor am I declaring I am, I just figured it would be the best strategy and could very well be wrong, I will admit it.  Let me know if that clears it up for you
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October 12, 2015, 08:12:01 PM
 #171

Challenge: The person who provides the best way to win 1 BTC using a bankroll of 1 BTC. I will give 0.1 BTC to (payable to their moneypot account).

Assuming the constraints of a dice site such as bitdice.me or pocketrocketscasino.eu: 1% house edge, 9900x max payout, 1 satoshi minimum bet.  Provide a well-defined betting sequence to maximize the chance of winning 1 BTC. If I don't have the skills to analytically analyse your solution, I will be forced to simulate it over a few billion runs. Your betting sequence must be FULLY specified without any ambiguities.

Let me start with the most obvious solution:


Bet 1 BTC @ 2x  ... which gives an EV of -0.01, and a chance of winning at 49.5%


Hello sir, did you got what you looking for to make an ROI 100% as fast as we can in the world of gambling?

If  you really want to know it and anyone here want to know it. I can give you my personal tips and trick.. I have a valid prove based on statistic and my experience...  

Here my prove at Directbet.eu tipster competition, rite now im on 1st position with more than 200% ROI, leaving far behind the 2nd position that can make no more than 150% ROI.

My tips only base on global statistic and math.. If anyone of you interesting, pliss pm me, (i only need some tips to buy lunch) Cheesy



Note: i can make it on sportsbook betting not on dice gambling
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October 12, 2015, 08:30:17 PM
 #172

Errr, sorry for the miscommunication.  I am just thinking that wouldn't 2x payout give you the best chance of winning at 49.5 % with a 1% house edge?  Wouldn't that be the best expected value in return?  I am not good at math nor am I declaring I am, I just figured it would be the best strategy and could very well be wrong, I will admit it.  Let me know if that clears it up for you

No, the expected value is -1% of everything you risk. If you bet 1 BTC at 49.5% your expected value is -0.01 BTC.

If you make smaller bets with a higher payout multiplier you can win the 1 BTC but expect to risk less and so your expected value will be higher (closer to zero).

See my post here which lays out such a sequence which gives you a 49.649% chance of doubling your bankroll, compared to the 49.5% chance offered by the single 2x bet you propose.

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October 12, 2015, 08:48:58 PM
 #173

See my post here which lays out such a sequence which gives you a 49.649% chance of doubling your bankroll, compared to the 49.5% chance offered by the single 2x bet you propose.

I think that's far too complex for most people to understand.

I think a simple 2 (non-recursive) step process is best to convince people it's even possible.


* Get half your bet (0.5 BTC) and bet at @  3x.
*  If you win (33%), you've made a profit of 1 BTC, and have terminated the sequence! Congratulations!
*  If you lost the first bet (67%), you'll still have 0.5 BTC. This time bet it at 4x  (to win back your loss from step 1, and make a net profit of 1 btc).
   *  If you win the second bet  (24.75%), you'll have made by your loss from the first bet, and be up 1 BTC, and terminated the sequence. Congratulations!
   *  If you lost the second bet (75.25%), you'll be out of money, and have terminated the sequence. Awww Sad


So basically there's 3 possible outcomes:

1.  You won 1 BTC with 1 bet (33%)
2.  You won 1 BTC after 2 bets (67%*24.75% = 16.5825%)
3.  You lost 1 BTC by losing both bets (67%*75.25% = 50.4175%)


In other words, you have a 49.5825% of winning, compared to the traditional 49.5%!


(Or course, Dooglus' solution is better. But it works in pretty much exactly the same way by minimizing the amount you wager)
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October 12, 2015, 08:58:39 PM
 #174

Errr, sorry for the miscommunication.  I am just thinking that wouldn't 2x payout give you the best chance of winning at 49.5 % with a 1% house edge?  Wouldn't that be the best expected value in return?  I am not good at math nor am I declaring I am, I just figured it would be the best strategy and could very well be wrong, I will admit it.  Let me know if that clears it up for you

No, the expected value is -1% of everything you risk. If you bet 1 BTC at 49.5% your expected value is -0.01 BTC.

If you make smaller bets with a higher payout multiplier you can win the 1 BTC but expect to risk less and so your expected value will be higher (closer to zero).

See my post here which lays out such a sequence which gives you a 49.649% chance of doubling your bankroll, compared to the 49.5% chance offered by the single 2x bet you propose.

Thanks, nice post as well.  I gotta figure out some math skills to see how the heck you are calculating these things.  It seems so confusing to me but I haven't ever dealt with statistics.  It seems weird that a small chance of winning would present better odds at doubling your money, but like I said.  I do not know stats!
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October 12, 2015, 09:07:06 PM
 #175



Try strikesapphire.com. I got banned, but the last I heard they weren't shuffling every hand. The penetration was very poor, but I think the game was still +EV if played right.


Would you like to share why they banned you? were you winning too much? very curious about it
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October 12, 2015, 09:18:23 PM
 #176

Try strikesapphire.com. I got banned, but the last I heard they weren't shuffling every hand. The penetration was very poor, but I think the game was still +EV if played right.

Would you like to share why they banned you? were you winning too much? very curious about it

https://bitcointalk.org/index.php?topic=91587.msg1018652#msg1018652

I was winning too much, but I was also reporting too many bugs, being too pedantic about stuff, and taking advantage of +EV offers. I was also referring friends to the site and the owner thought they weren't real people, even after having spoken to at least one of them on Skype with me.

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October 13, 2015, 01:17:31 AM
 #177

Try strikesapphire.com. I got banned, but the last I heard they weren't shuffling every hand. The penetration was very poor, but I think the game was still +EV if played right.

Would you like to share why they banned you? were you winning too much? very curious about it

https://bitcointalk.org/index.php?topic=91587.msg1018652#msg1018652

I was winning too much, but I was also reporting too many bugs, being too pedantic about stuff, and taking advantage of +EV offers. I was also referring friends to the site and the owner thought they weren't real people, even after having spoken to at least one of them on Skype with me.

woa how u did that?? haha care to share what happen previously? and ur stragety???
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October 13, 2015, 01:44:53 AM
 #178

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 .

Because dice is the fastest way and the easiest way to get your money. Throw 1btc in dice games will lead you into doubling your balance if you know how to play it. Mostly people are using 1.xx multiplier with higher balance, this is safer than do martingale although sometimes you will lose too but you have earned it before you lose it so it is worth to try
When it comes to gambling fastest not always is the best option. Unless, of course, you want to lose your money fast.
Dice is easy, but it is risky, there is nothing you can do to influence the outcome, martingale is fiction, other 'strategies' or dice 'hacks' are just gambler's superstition.

Not everytime you will lose the money if you gambling. Yes it is fast but sometimes you will win though unless you are really bad at rolling dice. I know there is no strategy for dice game but martingale is good if you have a great balance to cover your loss
hopenotlate
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October 13, 2015, 03:31:56 PM
 #179

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 .

Because dice is the fastest way and the easiest way to get your money. Throw 1btc in dice games will lead you into doubling your balance if you know how to play it. Mostly people are using 1.xx multiplier with higher balance, this is safer than do martingale although sometimes you will lose too but you have earned it before you lose it so it is worth to try
When it comes to gambling fastest not always is the best option. Unless, of course, you want to lose your money fast.
Dice is easy, but it is risky, there is nothing you can do to influence the outcome, martingale is fiction, other 'strategies' or dice 'hacks' are just gambler's superstition.

Not everytime you will lose the money if you gambling. Yes it is fast but sometimes you will win though unless you are really bad at rolling dice. I know there is no strategy for dice game but martingale is good if you have a great balance to cover your loss

If you have a good balance martingale is the best way to lose it all  Cool
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October 13, 2015, 03:45:53 PM
 #180

Try strikesapphire.com. I got banned, but the last I heard they weren't shuffling every hand. The penetration was very poor, but I think the game was still +EV if played right.

Would you like to share why they banned you? were you winning too much? very curious about it

https://bitcointalk.org/index.php?topic=91587.msg1018652#msg1018652

I was winning too much, but I was also reporting too many bugs, being too pedantic about stuff, and taking advantage of +EV offers. I was also referring friends to the site and the owner thought they weren't real people, even after having spoken to at least one of them on Skype with me.

Thanks for answering and sharing the link.....both weird and funny story anyway
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