Post
Topic
Board Gambling
Re: Discussion | Enter Gambling Bet with 52.4288 BTC using Martingale Technique !
by
Hura
on 12/07/2015, 22:05:15 UTC
Hello Everyone , It's just discussion !!

DO NOT THINK I HAVE ALL THAT   Grin

if someone enter to gamble on roulette with chance of 50% to win red/black

and assume started with 0.00005 BTC (5000 satoshi) with automatic betting , every 1 second 1 bet

to lose all he got (and here is 52.4288 for example) , with Martingale technique he got 20 chance to win 50% for each

And in case win ,, he is going to cash them in separate wallet ,, So Max effort can bet is 52.4288 BTC 

What do you think , could he win or lose everything ? !  Roll Eyes

in case of win ,, how much do you think his profit after 6 hours ?

Share Your Opinion...  Smiley



ONLY MATH

So, if you are playing Roulette (just one zero) you have this odds each spin:

WIN  18/37  = 0,4864864...
LOSE 19/37 = 0,5135135...

In 6 hours, playing 1 spin at second... you can made 6*60*60 = 21.600 spins

You BUST if you lose for 20 spins in a row,  and this happen:

p = (19/37)^20 = 0,00000162568926

1/p = 615.123,702941043

If doesn't happen.... after 6 hours you can win around ( 21.600 * 0,00005 * 18/37 ) = 0,5254054...

i don't think it's a good idea lose 52 BTC to try to win only 0,52... is better make a donation Smiley

17BGit8h31Rv6mVQJ2gekwFUFfKiZbNYei  Cheesy