Post
Topic
Board Digital goods
Re: [MAKE MONEY] Crypto Auto Profits - Make 25$ - 125$ a day on autopilot
by
bill gator
on 13/05/2018, 19:16:05 UTC
You can't control the bust.

I'm not trying to say that you can control the bust, and you're probably right that this method will yield no profit long-term. I am saying, that you can plan for the bust. As long as there is no misconception that you will bust all of your money in your account when an unlucky string of losses comes around that is mathematically guaranteed at some point.

Dooglus did the math a few years ago on figuring out the best way to double your money, and the best he found with a 1% house edge was a 49.652% chance.

I'll do some more reading up on that 49.652%, but that sounds more arbitrary than conclusively subjective (without doing the reading to formulate an informed opinion).

It's claiming you can make 25$ to 125$ every day, and that it's guaranteed. Nothing is guaranteed in gambling

Went back to OP to double check the wording used, and I agree that it is misleading. They do say "guaranteed" multiple times in their OP "Guaranteed High Profits", "Guaranteed profit within an hour". Doing the method as explained, exactly as it is written only earned me 3,000 Satoshi within an hour of allowing it to operate. I just as easily could have lost the $50 they initially suggest to deposit, though. So the risk-reward ratio in the beginning is not impressive, to say the least.

a bot that played proven +EV bets on bustabit was down 2 BTC at one point. OP's method plays -EV bets, but somehow can win with a 100% chance? You can try all you want, but with a -EV, you are expected to lose 1% (if you play against a 1% edge) of your bet, every time that you bet.

Being +EV and being down 2BTC should allow you to see that it could just as easily end up the other way. The bot could do -EV and be up 2BTC just as easily as the first bot playing on +EV was down 2BTC. It is simply a flimsy representation of the expected outcome over an endless amount of games/bets/rolls. Not something worth staking your life on.