Post
Topic
Board Gambling
Re: Challenge: What's the best way to win 1 BTC with 1 BTC?
by
RHavar
on 29/01/2015, 16:34:34 UTC
Strategy 1:
You're always playing 9900x using a martingale sequence, i.e. your wager for each round is
Code:
ceiling((2 - PLAYER_BR)/9899,1e-8)
you run out of funds after 6861 bets. You lose all of them with a probability of
Code:
0.9999^6861 = 0.5035187605260536
or put differently you have a 49.64812% chance of winning.

I was hoping someone first provide simpler sequences (e.g. bet 0.5 at 3x, if lose bet the other 0.5 at 4x: which reduces the  house edge to 0.835%), but looks like you might have nailed the ideal (?) betting sequence , with an effective house edge of  0.70376%.

If no one can beat this, you have a well-deserved 0.1 BTC coming your way