I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
Don't do that, you will lose your money.
it work that unless they have 0 edge in percentage, the odds are aginst you, basically instead of being 50%/50% it's 49%/51% for them, therefore if you do 100 bet, they win 51 of them and you win only 49, every 100 bet you lose 1, in the end you are losing, but you can be lucky of course
0% house edge doesn't mean you will not face 25 or higher loss streak. Toss coin for free 100000 times and you will see house edge doesn't have anything to do with it.
i know, i'm not saying that, i'm saying that without house edge, you would eventually even out the bet because ratio between loss and win are fair, but with house edge, you will lose in the long run this is guaranteed