You are my refferral so I know how you play from very beginning. Why don't you try betting both sides? If you think the price will go up you can bet 0.002 up and 0.001 down. In this case even if organizers wants you to lose, they can not do much. Play a little bit more tricky and you can win. I play when I have some time and I haven't lost money in the last 2 weeks (I won 0.02, some of it is probably your money; at the beginning I also lost).
If you know a little bit probability theorem you can compute expected values as a functions of your bets and probability induced by other bets (you have to estimate real "up" probability somehow). The result proves that playing both sides is not as stupid as it seems.
After some time you will also understand how bots work
.
If you know a little bit probability theorem you can compute expected values as a functions of your bets and probability induced by other bets (you have to estimate real "up" probability somehow). The result proves that playing both sides is not as stupid as it seems.
After some time you will also understand how bots work
.If you really were to be able co calculate how the price would move and place your money on it due to that you are extremely stupid if you bet on both sides.
You can't say that, "I'll bet on both sides because you can some what see where the price will move".
At the end of the day Btcbet.cc is ripping their customers off and they are making tons of money doing it.
It is not possible to calculate how the price would move, but it is possible to estimate a probability (for example using ARMA-GARCH models) and check whether the bets up and down are fair. It's not an university, so I'm not going to teach you. Just trust me that sometimes it is good to bet both sides and make profit
.