rfisher1968 (OP)
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February 15, 2015, 06:55:46 PM Last edit: February 16, 2015, 06:15:50 PM by rfisher1968 |
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The Challenge is to create a betting strategy that will last 1 million bets without crashing. Your starting balance is 0.05 BTC and will be run on a simulator using the primedice provably fair algorithm. The highest balance after 1 million bets, wins. Everybody will be using the same server seed and client seed. To enter post your strategy.
Example strategy:
Multiplier = 6x (Over 83.49) base bet = 2 satoshi after 3 losses double bet after win return to base
The time limit on the contest is 2015-02-18 1pm GMT
Server seed will be the Merkle Root of the first BTC block after that time.
Client seed will be the Merkle Root of the next BTC block after that time.
The winner will be the one with the highest balance after 1 million bets without crashing.
What you win, knowledge of a system that works.
You just post your strategy and I will simulate your strategy with a starting balance of 0.05 btc using the server seed and client seed described in the first post.
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calci
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www.secondstrade.com - 190% return Binary option
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February 15, 2015, 07:01:02 PM |
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The Challenge is to create a betting strategy that will last 1 million bets without crashing. Your starting balance is 0.05 BTC and will be run on a simulator using the primedice provably fair algorithm. The highest balance after 1 million bets, wins. Everybody will be using the same server seed and client seed. To enter post your strategy.
Example strategy:
Multiplier = 6x (Over 83.49) base bet = 2 satoshi after 3 losses double bet after win return to base
Maybe keep betting 1 satoshi at 1.1x and keep betting. You will lose one out of 10 on average and will have a lot of bets before you bust
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rfisher1968 (OP)
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February 15, 2015, 07:03:34 PM |
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Yes, but there has to be a "if" condition that tells the simulator to bet 0 Are bets of 0 considered acceptable?
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rfisher1968 (OP)
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February 15, 2015, 07:04:29 PM |
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That strategy wouldn't crash but would have low balance compared to other strategies. The Challenge is to create a betting strategy that will last 1 million bets without crashing. Your starting balance is 0.05 BTC and will be run on a simulator using the primedice provably fair algorithm. The highest balance after 1 million bets, wins. Everybody will be using the same server seed and client seed. To enter post your strategy.
Example strategy:
Multiplier = 6x (Over 83.49) base bet = 2 satoshi after 3 losses double bet after win return to base
Maybe keep betting 1 satoshi at 1.1x and keep betting. You will lose one out of 10 on average and will have a lot of bets before you bust
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Shogen
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February 15, 2015, 07:31:05 PM |
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The Challenge is to create a betting strategy that will last 1 million bets without crashing. Your starting balance is 0.05 BTC and will be run on a simulator using the primedice provably fair algorithm. The highest balance after 1 million bets, wins. Everybody will be using the same server seed and client seed. To enter post your strategy.
Example strategy:
Multiplier = 6x (Over 83.49) base bet = 2 satoshi after 3 losses double bet after win return to base
Yes, but there has to be a "if" condition that tells the simulator to bet 0 Are bets of 0 considered acceptable?
Multiplier = 200; // win chance = 0.495% base bet = 0.0005; // 1% of initial balance if (balance > 0.05) base bet = 0; // stop betting after getting a win I have 39.12% chance to get above 0.05 (up to 0.1495 if I win the first bet) and 60.88% to end up with 0 btc.
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PonziLord
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February 15, 2015, 07:57:05 PM |
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Do you have any base scripts to use for betting? Like getting the hashes bla bla bla. I have a pretty good strategy on my mind.
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flippy
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February 15, 2015, 07:59:59 PM |
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multiplier = 2x; base bet=1 satoshi; if (1==1) base bet = 0;
100% chance of finishing with 0.05 (unless the site runs with your coins)
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elephantas1
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February 15, 2015, 08:06:47 PM |
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if (1==1) base bet = 0; does that mean that always base bet will be 0? you wrote if 1 equals 1 base bet is 0. am i missing something?
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koshgel
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February 15, 2015, 08:07:49 PM |
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Have any of these bots proven successful over the short or long term?
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XinXan
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February 15, 2015, 08:25:22 PM |
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Base bet: 1 satoshi on a 2x multiplier If lose: double initial amount until (8 satoshis) if you lose on 8 satoshis change initial bet to 10 satoshis and start betting, if lose start doubling until 80 satoshis, if win 2 times (20 satoshis) start with 1 satoshis base bet again, if you lost on 80 satoshis use 100 satoshis base bet and start doubling and so on until you get out of coins i hope i made it clear enough
As an example: 1 satoshi bet : lost 2 sat : lost 4 sat : lost 8 sat : lost 10 sat : win 10 sat : lost 20 sat : win Now you bet 1 satoshis because you won 2x10
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rfisher1968 (OP)
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February 15, 2015, 10:47:32 PM |
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Yes, I have a PHP script that I'll be using to simulate 1 million bets. Do you have any base scripts to use for betting? Like getting the hashes bla bla bla. I have a pretty good strategy on my mind.
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sherbyspark
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February 15, 2015, 11:30:16 PM |
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Just keep betting 1 satoshi at 50% . You will see a lot of bets before you bust.
I think op is looking for a way to make max money or have max balance. Using this you would lose apporixately, 1% of the million bets you are making and will be at a bigger loss than other methods.
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bitbaby
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February 16, 2015, 08:07:32 AM |
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Ok here goes mine. 10 satoshi bet on 70%, continue to bet the same amount until you get 4 consecutive losses then quadruple the amount, which would be 40 satoshis, make 3 bets, if you lose any of those 3, quadruple it again which would be 160 satoshis, if you don't lose any of those 3 bets, get back to base bet again.
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ndnh
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New Decentralized Nuclear Hobbit
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February 16, 2015, 08:14:14 AM |
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Everybody will be using the same server seed and client seed.
Sure, I can easily win this. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I can even make the win around 100 BTC using a custom strategy made using already known rolls. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Pity I don't know coding. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Could someone team up with me? What is the prize?
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Pony789
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February 16, 2015, 09:46:31 AM |
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Everybody will be using the same server seed and client seed.
Sure, I can easily win this. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I can even make the win around 100 BTC using a custom strategy made using already known rolls. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Pity I don't know coding. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Could someone team up with me? What is the prize? I don't think he will announce the client seed and server seed beforehand lol. On the other hand, the contest could be made fair, by setting a specific contest ending time and using the first block reward's txid after that time as the seeds.
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B4RF
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February 16, 2015, 10:12:47 AM |
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Multiplier = 7x (Over 85.85) base bet = 10 satoshi increase on loss by 1.17% after win return to base
If you don't bust you will end up with about 0.5BTC
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rfisher1968 (OP)
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February 16, 2015, 02:41:53 PM |
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The time limit on the contest is 2015-02-18 1pm GMT Server seed will be the Merkle Root of the first BTC block after that time. Client seed will be the Merkle Root of the next BTC block after that time. The winner will be the one with the highest balance after 1 million bet without crashing. Everybody will be using the same server seed and client seed.
Sure, I can easily win this. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I can even make the win around 100 BTC using a custom strategy made using already known rolls. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Pity I don't know coding. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Could someone team up with me? What is the prize? I don't think he will announce the client seed and server seed beforehand lol. On the other hand, the contest could be made fair, by setting a specific contest ending time and using the first block reward's txid after that time as the seeds.
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BigMac
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February 16, 2015, 04:38:17 PM |
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Here is my idea: Multiplier = 2x base bet = 4887 satoshi Bet size increases 100% on loss Bet size decreases to base bet on win
This shouldn't work, but I am just curious how soon I will see a 11-loss streak.
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ndnh
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New Decentralized Nuclear Hobbit
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February 16, 2015, 05:24:48 PM |
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Everybody will be using the same server seed and client seed.
Sure, I can easily win this. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I can even make the win around 100 BTC using a custom strategy made using already known rolls. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Pity I don't know coding. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Could someone team up with me? What is the prize? I don't think he will announce the client seed and server seed beforehand lol. On the other hand, the contest could be made fair, by setting a specific contest ending time and using the first block reward's txid after that time as the seeds. lol, yeah I thought so. Still it wasn't clear from the original OP. What is the challenge prize? Edit: got it. Knowledge of a system that works.
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techgeek
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February 16, 2015, 05:33:04 PM |
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so are we using our own balance on pd? then posting it on here?
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