Re: Should I try to win back my loss?

Quote from: BabyBoss on November 25, 2017, 02:54:04 PM

Quote from: iluvbitcoins on October 18, 2017, 12:18:03 PM

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

Sometimes, in gambling you should play with relax feelings because the moment you want to get back what you lose is what you make tense and it was so hard for you to win because your only reason why you want to win to just to win back what you lose.

I think we should always play with relax feeling in gambling. First of all we all know that it is just pure luck so there is no need to go crazy about it and no need to get disappointed in oneself after losing some bets. Its ok as it is part of this game. Secondly always enjoy whatever you do or otherwise it's useless. I also suggest not trying winning back the loss by playing same game which caused you that loss.