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
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
Sad to hear about your loss. I believe recovering Losses is like a trap in gambling. Most of the time it is seen that people often lose more in order to recover the loss. Even if they recover the loss then they don't get up for the day and play more to earn profit but ultimately lost even more. and then circle continues until you got addicted and lose everything.
But still, if you have handful gambling experience and probability figure strongly supports you and if you got the capability to bear more loss then you may try your luck once. Just play to recover loss not to earn the profit.