I have around 500 000 bets placed on FJ
It was a matter of time when this would happen ( placed a lot of bets on not Martingale, so it already happened a lot of times, just not with Martingale)
I got 16 losses in a row
Starting with bet 0.000001BTC
And last bet was 0.03BTC
Counting a 0.06BTC loss total
Now, my question is, should I try to win it back?
I have a total bank of around 1.6BTC on my disposal
Odds of me losing those 16 bets in a row were 0.00179%
Somewhere around 1 to 60 000
Now, if I place a 0.06BTC there's a 50.5% chance I'll lose
If I lose, I place a 0.12BTC bet, 0.505*0.505= 25.5% chance I'll lose
If I lose, I place a 0.24BTC bet, 0,255025*0,505= 12.88% chance
If I lose, I place a 0.48BTC bet, 0,128787625*0,505= 6.5% chance I'll lose
If I lose, I have a total loss of 0.48+0.24+0.12+0.06 (+0.03) = 0.9BTC (+0.03)
Is it worth it?
Should I cut my losses o.o
Odds of me losing 20 bets in a row should be 1 : 860 000
Which, with me having 500k bets, doesn't sound very good
Losing in gambling will be a heartbreak for those who loses a lot. The remedy for this is you must first gain what you lost in a safe manner. If you can mine what you lose then that is a better way to get it. If you are brave enough to challenge whatever caused the losing of your money, then you can do it with a full heart and no regret. It was a matter of time when this would happen ( placed a lot of bets on not Martingale, so it already happened a lot of times, just not with Martingale)
I got 16 losses in a row
Starting with bet 0.000001BTC
And last bet was 0.03BTC
Counting a 0.06BTC loss total
Now, my question is, should I try to win it back?
I have a total bank of around 1.6BTC on my disposal
Odds of me losing those 16 bets in a row were 0.00179%
Somewhere around 1 to 60 000
Now, if I place a 0.06BTC there's a 50.5% chance I'll lose
If I lose, I place a 0.12BTC bet, 0.505*0.505= 25.5% chance I'll lose
If I lose, I place a 0.24BTC bet, 0,255025*0,505= 12.88% chance
If I lose, I place a 0.48BTC bet, 0,128787625*0,505= 6.5% chance I'll lose
If I lose, I have a total loss of 0.48+0.24+0.12+0.06 (+0.03) = 0.9BTC (+0.03)
Is it worth it?
Should I cut my losses o.o
Odds of me losing 20 bets in a row should be 1 : 860 000
Which, with me having 500k bets, doesn't sound very good
The better decision is stop gambling and invest your bitcoin into something fruitful. You can always bet on something but you have to decrease your bets and not place your bet all at once.