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Author Topic: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!!  (Read 306961 times)
Kakmakr
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January 31, 2019, 06:24:25 AM
 #7981

Quote
Martingale strategy will beat the house, many people tried it before and they failed too

From a maths point of view there is no advantage of using this strategy.   Your profit is very limited and the losses out weigh because you are most likely to run out of capital vs the larger operation by the company.   I'll have a look around for a quick take apart of this idea, I'm sure it must be on search since the idea is so simple it appeals to the masses quite well.

Whoever invented it deserves a medal from the gambling industry for all the money it has handed them.  I first heard this idea decades back sitting at the bar of a casino, thankfully I was more interested in the alcohol consumption after a long late work shift then moving to the roulette wheel at that time but the idea definitely sold me at the time.   Seemed so smart to take part with a 'must win' outcome at some point

You quoted me wrong there. I said, " you are not the only person who thought the Martingale strategy will beat the house, many people tried it before and they failed too. "  Cheesy

I even tried using different variations on the Martingale strategy to see if something was coded as a counter for this strategy, but the end result was always the same. <No specific code was targeted at this strategy and everything was based on luck>

If you play long enough, you will lose.   Roll Eyes

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January 31, 2019, 06:44:12 AM
 #7982

If you play long enough, you will lose.   Roll Eyes
Depends on the luck too, on the first few rolls you can go on a losing streak and this would entice you to play longer until you recover your losses or lose everything.

PS. I stop playing again, my greed is eating my nerves, I really can't stop myself from playing that PROBABLY FAIR MULTIPLY. I felt being upset but I can't stop betting until my funds were gone.
Same, few weeks ago i've lost all of my balance but i'm not that upset about losing since all of it came from their faucet.

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January 31, 2019, 07:20:41 AM
 #7983

If you play long enough, you will lose.   Roll Eyes
Depends on the luck too, on the first few rolls you can go on a losing streak and this would entice you to play longer until you recover your losses or lose everything

And this is the key problem of the martingale system

As it assumes that you should play long enough to beat the house with it. But the longer you gamble the less room is there for luck (and more for the house edge to kick in). I remember some former online casino owner was saying that martingalers were not their main headache as they never left after a win and eventually lost everything. It was random dudes with deep pockets making a couple of bets that was their primary concern and worry

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
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January 31, 2019, 07:35:38 AM
 #7984

If you play long enough, you will lose.   Roll Eyes
Depends on the luck too, on the first few rolls you can go on a losing streak and this would entice you to play longer until you recover your losses or lose everything

And this is the key problem of the martingale system

As it assumes that you should play long enough to beat the house with it. But the longer you gamble the less room is there for luck (and more for the house edge to kick in). I remember some former online casino owner was saying that martingalers were not their main headache as they never left after a win and eventually lost everything. It was random dudes with deep pockets making a couple of bets that was their primary concern and worry

I’m surprised people yet choose Martingale strategy when they’re playing. I believe this strategy is proven to make you loose your funds, and if you scan this forum there’re many tales of people loosing big because of it. It’s important for all to understand that in the end luck is all that matters. In my initial days of being a freebitco user and after collecting satoshis I played using Martingale strategy, but it horribly backfired hence I never used it again.

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deisik
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January 31, 2019, 07:43:30 AM
 #7985

If you play long enough, you will lose.   Roll Eyes
Depends on the luck too, on the first few rolls you can go on a losing streak and this would entice you to play longer until you recover your losses or lose everything

And this is the key problem of the martingale system

As it assumes that you should play long enough to beat the house with it. But the longer you gamble the less room is there for luck (and more for the house edge to kick in). I remember some former online casino owner was saying that martingalers were not their main headache as they never left after a win and eventually lost everything. It was random dudes with deep pockets making a couple of bets that was their primary concern and worry

I’m surprised people yet choose Martingale strategy when they’re playing. I believe this strategy is proven to make you loose your funds, and if you scan this forum there’re many tales of people loosing big because of it. It’s important for all to understand that in the end luck is all that matters. In my initial days of being a freebitco user and after collecting satoshis I played using Martingale strategy, but it horribly backfired hence I never used it again

Martingale can be a viable approach only in one case

That is, when your financial muscle is greater than a casino's and the casino doesn't have a limit on max bet that you can wager. But it is still rather a theoretical case because you just won't be able to bet when the stake becomes greater than the casino's bankroll. So even in this case you are set to lose in practice. Obviously, real-life casinos have max bet limits set in place, for example, FreeBitco.in has it at 20 BTC

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
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January 31, 2019, 08:07:33 AM
 #7986

Quote
Martingale strategy will beat the house, many people tried it before and they failed too

From a maths point of view there is no advantage of using this strategy.   Your profit is very limited and the losses out weigh because you are most likely to run out of capital vs the larger operation by the company.   I'll have a look around for a quick take apart of this idea, I'm sure it must be on search since the idea is so simple it appeals to the masses quite well.


The only game where martingale actually works is trading between solid currencies like gbp, eur and usd. In other means, use martingale only if you are going to win no matter what the outcome is. If there is a chance to lose money in a game that you play, whether if you use martingale or not, you will lose it if you have no luck.




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January 31, 2019, 08:22:22 AM
Merited by Betwrong (1)
 #7987

Martingale can be a viable approach only in one case

That is, when your financial muscle is greater than a casino's and the casino doesn't have a limit on max bet that you can wager. But it is still rather a theoretical case because you just won't be able to bet when the stake becomes greater than the casino's bankroll. So even in this case you are set to lose in practice. Obviously, real-life casinos have max bet limits set in place, for example, FreeBitco.in has it at 20 BTC

Even in that case, it throws up another question you have to answer before doing it. Fiat casinos tend to have a smaller difference between the minimum and maximum bets (or table limits in bricks and mortar casinos). That severely limits the possibilities to martingale to a small number of consecutive losses. When people come to crypto casinos and see min bet of 1 sat and max win of 20 BTC they think they will have to be very unlucky to lose. But the real question is do you really want to risk 20 BTC to win one Satoshi at a time? It could happen the very first series of bets you try it. What Martingale does allow you to do is bet at lower odds than the minimum multiplier. With the right bankroll and base bet, you can bet on outcomes that have much less chance of busting than a 1.01x bet.

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January 31, 2019, 08:50:30 AM
 #7988

When people come to crypto casinos and see min bet of 1 sat and max win of 20 BTC they think they will have to be very unlucky to lose. But the real question is do you really want to risk 20 BTC to win one Satoshi at a time?

Well, I'm not sure everyone runs martingale this way (or just anyone)

I mean by simply offsetting the losses incurred in previous bets (i.e. if you win, you win only 1 satoshi no matter what the bet amount is). From my perspective, this will be the stupidest way of using martingale. When I used this technique myself, I always set the odds in such a way that at each roll with bet doubled (apart from the very first one, of course) I was covering the accumulated loss in full and won as much at that (provided I won, naturally)

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January 31, 2019, 09:12:42 AM
 #7989

When people come to crypto casinos and see min bet of 1 sat and max win of 20 BTC they think they will have to be very unlucky to lose. But the real question is do you really want to risk 20 BTC to win one Satoshi at a time?

Well, I'm not sure everyone runs martingale this way (or just anyone)

I mean by simply offsetting the losses incurred in previous bets (i.e. if you win, you win only 1 satoshi no matter what the bet amount is). From my perspective, this will be the stupidest way of using martingale. When I used this technique myself, I always set the odds in such a way that at each roll with bet doubled (apart from the very first one, of course) I was covering the accumulated loss in full and won as much at that (provided I won, naturally)

I was giving the example of the most extreme usage possible (I should have said risk 40BTC as that how much you would need for a 20BTC max bet).

2x double on loss is what I would refer to as Martingale. Other progressive systems I would call modified Martingale. (That's just my personal terminology and not something I'm interested in debating).

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January 31, 2019, 09:19:29 AM
 #7990

Martingale can be a viable approach only in one case

That is, when your financial muscle is greater than a casino's and the casino doesn't have a limit on max bet that you can wager. But it is still rather a theoretical case because you just won't be able to bet when the stake becomes greater than the casino's bankroll. So even in this case you are set to lose in practice. Obviously, real-life casinos have max bet limits set in place, for example, FreeBitco.in has it at 20 BTC

Even in that case, it throws up another question you have to answer before doing it. Fiat casinos tend to have a smaller difference between the minimum and maximum bets (or table limits in bricks and mortar casinos). That severely limits the possibilities to martingale to a small number of consecutive losses. When people come to crypto casinos and see min bet of 1 sat and max win of 20 BTC they think they will have to be very unlucky to lose. But the real question is do you really want to risk 20 BTC to win one Satoshi at a time? It could happen the very first series of bets you try it. What Martingale does allow you to do is bet at lower odds than the minimum multiplier. With the right bankroll and base bet, you can bet on outcomes that have much less chance of busting than a 1.01x bet.

Exactly, I've seen this pointed out in other threads where people share min and max bet tables. This is also visible online even in digital fiat casinos, where you even have low-stakes, medium stakes and high stakes tables... All these tables, you will notice, the time it takes for the min bet to reach max bet on simple 2x martingale is very very seldom more than 10-streaks.

Roulette is probably the easiest demo of this, you want to bet a simple 50% chance to win, min bet is usually 1 and max bet is 500. You can't even reach 10-streaks which needs 512.

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January 31, 2019, 10:53:47 AM
 #7991

Martingale can be a viable approach only in one case

That is, when your financial muscle is greater than a casino's and the casino doesn't have a limit on max bet that you can wager. But it is still rather a theoretical case because you just won't be able to bet when the stake becomes greater than the casino's bankroll. So even in this case you are set to lose in practice. Obviously, real-life casinos have max bet limits set in place, for example, FreeBitco.in has it at 20 BTC

Even in that case, it throws up another question you have to answer before doing it. Fiat casinos tend to have a smaller difference between the minimum and maximum bets (or table limits in bricks and mortar casinos). That severely limits the possibilities to martingale to a small number of consecutive losses. When people come to crypto casinos and see min bet of 1 sat and max win of 20 BTC they think they will have to be very unlucky to lose. But the real question is do you really want to risk 20 BTC to win one Satoshi at a time? It could happen the very first series of bets you try it. What Martingale does allow you to do is bet at lower odds than the minimum multiplier. With the right bankroll and base bet, you can bet on outcomes that have much less chance of busting than a 1.01x bet.

Exactly, I've seen this pointed out in other threads where people share min and max bet tables. This is also visible online even in digital fiat casinos, where you even have low-stakes, medium stakes and high stakes tables... All these tables, you will notice, the time it takes for the min bet to reach max bet on simple 2x martingale is very very seldom more than 10-streaks

That's one of the reasons why Dogecoin is so popular among gamblers

You see, it is very cheap with the price of 1 doge at around 55 satoshi at the moment, which is less than 1 cent. And most casinos allow the minimum bet amount of 1 doge (or even less than that). In this way, Dogecoin allows the longest sequences of bets for martingale, and that likely explains why it is used widely for gambling (apart from its transactions also being cheap and fast)

2x double on loss is what I would refer to as Martingale. Other progressive systems I would call modified Martingale. (That's just my personal terminology and not something I'm interested in debating).

With 2x double on loss you can still use different bet odds

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January 31, 2019, 10:58:18 AM
 #7992

2x double on loss is what I would refer to as Martingale. Other progressive systems I would call modified Martingale. (That's just my personal terminology and not something I'm interested in debating).

With 2x double on loss you can still use different bet odds

2x is the bet odds. Using different bet odds is a modification of the original Martingale strategy, hence me calling it modified Martingale.

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January 31, 2019, 12:11:10 PM
 #7993

2x is the bet odds. Using different bet odds is a modification of the original Martingale strategy, hence me calling it modified Martingale.

It doesn't look different on me Tongue even if its modified its still the same strategy.
Anyways, Does anyone know here another strategy on playing this game Smiley I would love to hear it.



Same, few weeks ago i've lost all of my balance but i'm not that upset about losing since all of it came from their faucet.

Mate, it's still money to me, even if it came from their faucet, the moment that I get a hold of it, it's already mine, And that's making me feel down, after winning that sats withing 3days, it will be gone in just a minutes Tongue

I just hope that thing has an UNDO button Cheesy (Which can only be used three times a day )

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January 31, 2019, 12:21:54 PM
 #7994

2x is the bet odds. Using different bet odds is a modification of the original Martingale strategy, hence me calling it modified Martingale.

It doesn't look different on me Tongue even if its modified its still the same strategy.
Anyways, Does anyone know here another strategy on playing this game Smiley I would love to hear it.

There are lots of strategies. Remember gambling is for fun and entertainment. Lots of people get enjoyment from trying to improve existing strategies and inventing new ones. If anyone had ever been successful in producing a winning strategy then casinos would have ceased to exist.
If you are interested in playing around with it I would recommend starting off with Seuntjie's DiceBot. It has inbuilt strategies and many more on the website for the programmer mode.

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January 31, 2019, 12:28:29 PM
 #7995

~

That's one of the reasons why Dogecoin is so popular among gamblers

You see, it is very cheap with the price of 1 doge at around 55 satoshi at the moment, which is less than 1 cent. And most casinos allow the minimum bet amount of 1 doge (or even less than that). In this way, Dogecoin allows the longest sequences of bets for martingale, and that likely explains why it is used widely for gambling (apart from its transactions also being cheap and fast)
~

Actually, some dice sites allow minimum was made with much less than that. You can bet with as little as 0.00000001 DOGE on some of them. But although you can afford many consecutive losses betting with DOGE on such sites and thus be winning constantly, the question is is the game worth the candle? You can win 0.00000002 DOGE per second on average with automated betting. It's 0.000072 DOGE per hour or 0.00072 DOGE per 10 hours. I bet you pay for the electricity your computer is using thousands times more than that even in the countries where it's super cheap.

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January 31, 2019, 12:44:57 PM
 #7996

That's one of the reasons why Dogecoin is so popular among gamblers

You see, it is very cheap with the price of 1 doge at around 55 satoshi at the moment, which is less than 1 cent. And most casinos allow the minimum bet amount of 1 doge (or even less than that). In this way, Dogecoin allows the longest sequences of bets for martingale, and that likely explains why it is used widely for gambling (apart from its transactions also being cheap and fast)

Actually, some dice sites allow minimum was made with much less than that. You can bet with as little as 0.00000001 DOGE on some of them. But although you can afford many consecutive losses betting with DOGE on such sites and thus be winning constantly, the question is is the game worth the candle? You can win 0.00000002 DOGE per second on average with automated betting. It's 0.000072 DOGE per hour or 0.00072 DOGE per 10 hours. I bet you pay for the electricity your computer is using thousands times more than that even in the countries where it's super cheap

Was it dooglus (or whatever his name is) who reported that he saw it only a couple of times with someone hitting a streak of 28 consecutive losses at 2x during the time he was running a casino? In this way, you don't need to set your initial bet amount at absolute minimum or you could just set lower (higher) odds so that the losing streaks would be longer while potential profits higher

But I agree, it is still either a waste of time or waste of money (you choose which)

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traderethereum
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January 31, 2019, 02:36:14 PM
 #7997

2x is the bet odds. Using different bet odds is a modification of the original Martingale strategy, hence me calling it modified Martingale.

It doesn't look different on me Tongue even if its modified its still the same strategy.
Anyways, Does anyone know here another strategy on playing this game Smiley I would love to hear it.



Same, few weeks ago i've lost all of my balance but i'm not that upset about losing since all of it came from their faucet.

Mate, it's still money to me, even if it came from their faucet, the moment that I get a hold of it, it's already mine, And that's making me feel down, after winning that sats withing 3days, it will be gone in just a minutes Tongue

I just hope that thing has an UNDO button Cheesy (Which can only be used three times a day )

Then maybe you need a time machine to turn back the time  Tongue
I am playing with their faucet too, but unfortunately, I never win much money and never gets lucky on that site. Once I try to use multiply but I lose hahaha so I decide not to play the multiply again, and it's better to play the faucet only. All in all, it's a free satoshi for me even if the reward reduces a lot.




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Sines1991
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January 31, 2019, 04:32:15 PM
 #7998

Am I wrong?

The fact that you have to even ask such a retarded question is in itself,  the answer.  Those who are as stupid as you should absolutely NEVER be allowed to control that kind of capitol.  EVER.  Thus,  you should just accept that you're a moron and relegated to be pennyless forever since that is the role you play until you decide to hand over the OXYGEN you're stealing from the rest of us.  Until you hand over the oxygen you are using up and absolutely WASTING,  you deserve nothing from anyone.  BTW I have a bot that will get you your 3BTC back.  Just give it 30BTC and let it go to work.  You'll get your 3BTC back in no time.  Guarenteed.  I'm sure you've got more stolen BTC hiding back there somewhere that you can use to dig yourself out of this hole.
\

The first time I used the bot and never before was not engaged and to do more will not. I lost a very large amount of money for me.
Sines1991
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January 31, 2019, 04:41:30 PM
 #7999

I understand The Queen is not going to respond to my messages.

You don't seem to be capable of understanding anything. I have already responded to your messages many times. Repeating the same bullshit isn't going to get you a different answer.

And I think that he is wrong in this situation about my deposits in the amount of almost 3 BTC. My opinion is he stole them from me. Am I wrong?

Completely wrong and by the looks of it the only person alive with that opinion. You went to a casino and tried to cheat and now you are begging the bouncer that just kicked your sorry arse out on to the pavement to give you back the stake money you tried to cheat with.

FFS even The Village Idiot can see that you are wrong.


You keep telling me that I tried to deceive you. What was I trying to deceive you? That played on several accounts in MULTIPLY BTC? Did it bring you any losses or problems? I didn't get anything at all. I just lost. In General, you will not return at least some part of my deposits? Am I right?
davinchi
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January 31, 2019, 06:23:06 PM
 #8000

You are over estimating the gamblers. I know low entry is important but they do not really think about 20 bitcoin or 2 bitcoin maximum because many people who gamble on martingale are not really that sharp people. There are some and there are just entertainment purposes but people who are on a casino to make money and use martingale are really not that well up there. Hence, it wouldn't really matter what the maximum is.

Obviously to us that is great but not for martingale purposes, its because having a higher threshold means we can play on low amounts for high odds and so forth. Right now, I can bet like 0.0003 or so and get 1 bitcoin as a win. That is the power of big wins, and someone with more money can change that to 0.006 for 20 bitcoin win and what not. That gives you losses almost all the time but that rare possibility is what 20 max is good for.

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