has anyone ever win big on yobit dice?
5 stars based on
I'm about to gamble another 80 bucks to try to make up for all my losses. There, too, are rules to follow. It always starts with 0 and 1 but when the strategy is applied in gambling, the zero is always ignored.
An example of such a sequence would be 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55 — and it can actually continue in the same manner for ever. The idea being, if one increases their bets continually, sooner or later there will come a time when their winnings will overcome the losses. Betting strategies can be subdivided into two basic types. There are those based on positive progressions for instance.
What does this mean? This type of system is quite popular among players, especially in card games like blackjack, dice games like craps, as well as in different roulette variations. Once I save up 30k bucks, I'm just gonna margin trade 4: Literally no betting schemes work, period. The only people who fall for this stuff are those who don't understand basic probability.
In games with fixed odds like roulette and these bitcoin dice games, there is NO such thing as a betting method which improves your odds. It's not how math works, please go ahead and try it though - casino owners need profits too.
I got angry looking at how much I've lost on this shit coin so I gambled K and then K more. If it drops any further I'll probably just say fuck it and go all or nothing. Anything you have in your wallet. You can also gamble USD if you have that in there. I just discovered this when I saw the post. Guys, the martingale system seems legit. If you having a small enough starting amount, your chances of losing everything are minuscule, and you can gradually expand your starting amount and it snowballs from there.
With a small enough starting amount proportional to your bank sizethe odds of that happening can be made extremely small under 1 percent.
Your profits from this are so small, at most your initial bet worth because all bets above the initial bet are simply trying to recoup your losses again. If you wanted to make bucks per day, you'd only need 25k or so to minimize your risk of losing to. That's pretty fucking good. I'd say that's comparable to just regular ol' daytrading or shitcoin trading.
The martingale strategy fails even with unbounded stopping time, as long as there is a limit on earnings or on the bets which is also true in practice.
Really depends on what kind of risk you're willing to accept. The more wealth you have and the smaller your initial bet is, the smaller the loss will be.
If you have like BTC and martengaling at 1 sat. Ive actually run a statistical test on it. It's very possible to hit a losing streak of 27 in a row, it's very hard to go above that. So if you have enough to double your initial 30 times, then It's very possible to hit a losing streak of 27 in a row 0. The fundamental reason why all martingale-type betting systems fail is that no amount of information about the results of past bets can be used to predict the results of a future bet with accuracy better than chance.
In mathematical terminology, this corresponds to the assumption that the win-loss outcomes of each bet are independent and identically distributed random variables, an assumption which is valid in many realistic situations. It follows from this assumption that the expected value of a series of bets is equal to the sum, over all bets that could potentially occur in the series, of the expected value of a potential bet times the probability that the player will make that bet.
In most casino games, the expected value of any individual bet is negative, so the sum of lots of negative numbers is also always going to be negative. It is only with unbounded wealth, bets and time that it could be argued that the martingale becomes a winning strategy. Idiot, you're supposed to take risks that are mathematically worth it, where the expected value is greater than 1.
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Fuck that site and fuck its rigged ass dice. I might give it a shot at the dice, how much of a minimum would you recommend? Sorry bout that user. I made bucks in like 10 minutes but then lost it all in 2 minutes.
All that matters is the expected value, the Martingale System is a fallacy. It's a meme, please ignore this guy Literally no betting schemes work, period. The only people who fall for this stuff are those who don't understand basic probability In games with fixed odds like roulette and these bitcoin dice games, there is NO such thing as a betting method which improves your odds. No, it's not better odds. I don't know math What did he mean by this?
Today is the greatest day of my life. Anyone else feel like they're learning a shitload about markets from all this?
Did anyone else lift because of him. When will the most coin miners stop mining, because it isn't anymore profitable?