So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?
I'm not sure if i'm right here but the chances of losing twice in a row with a 92% chance is at 0.0064% or 1 in 15624. If you lose imo don't go all in just to chase your losses because there's a 0.000512% chance that you could thrice in a row.