Distribution of wins/losses is a huge factor to consider. This looks interesting if you have the patience and discipline to wait out a string of losses and bet accordingly. I've never been a fan of martingale and semi-martingale just because it doesn't take many consecutive losses to lose a lot in a hurry. In fact, I typically avoid any activities where there isn't either a way to increase accuracy over 50% or increase reward:risk to better than 1:1.
The one factor he does press home is money management. Meaning bet small enough that you can endure a string of losses without blowing out. There are semi-martingale methods that don't try and win the loss amount in one turn but chance on the w/l distribution to hit consecutive wins to get loss's back quicker but also decelerate the hemorrhaging inherent to straight up martingale. Google around.
Ha nice mate. thank you :)
(07-22-2014 04:17 PM)SiRe_ Wrote: [ -> ]As promised, a small review of this method. I did not put any real money into this, and to be honest: Happy that I didn't!
Right now, I did not make ANY BTCs out of this. Although his method works in theory, the reality looks different. During the last 10min, I had 7 streaks of 5 or more consecutive losses. I did change the win-loss ratio up to 60% on win... Still, I have the strong feeling that this probability is just plain nonsense...
Hmm, it sounds like putting our BC into the "Virtual slot machines" here...
Noone can win in an online casino. The software is programmed to make profit for the casino, it's not random.
I used to play slots for profit a few years ago in a real casino. Real and online casinos have nothing in common when it comes to how the chances are spreaded. In real casinos slots are programmed to pay once in a while, and that's not a random process, but a result of a working algorithm. I figured some of them out and used it to my advantage, and then it came to simply reading the machines. I played twice a week for 2 years and paid taxes on my winnings. I would simply walk around and find machines full of cash ready to burst. Other people were filling them up, I was there to collect. Well, maybe I should write an ebook about it all.
But online slots pay once in a while to you and you only, there are no other players to fill the machine up, you are filling it up, and get a little bit of it back, losing it all in the long run.
(07-28-2014 02:52 PM)albano Wrote: [ -> ]... In real casinos slots are programmed to pay once in a while, and that's not a random process, but a result of a working algorithm. I figured some of them out and used it to my advantage, and then it came to simply reading the machines.... Well, maybe I should write an ebook about it all.
When you need someone to edit your first draft of that ebook, I will volunteer !!
So from what i'm reading here, this is no different from if the guide was written about non-bitcoin online casinos, but the product has sex appeal because its about bitcoin. Is that it?
Online casinos ARE NOT real life casinos. They're script based and the script is heavily manipulated. I tried this system on my own years ago with the casino money they give you to start. The chance that you are going to get the same side of a coin 8 or more times in a row are REAALLLY small in life, you'd have to be doing this for a very long time to get something like that, on the other hand (almost magically) online casinos can achieve something like this happening 2-3 times in half an hour without any problems. Hmmmm how is that possible....
This strategy would work for you in real life casinos, not online, but when you try to do this in real life you are politely asked to leave, casinos are very aware of this c**p.
Online you might win for a short while, but then they will just press a button in the software, and off you lose 12 times in a row.
Thanks and let check. Added repo