Unfortunately stuff like this is not sustainable long term.
It's not always win in short period of time too. This is basically only betting with low base bet on 2% win chance and 10% increase after lose (you can easily do this on seunjti dicebot) set your goal and the bot will be stop immediatelly once you have reached your goal
The way it is written its hard to tell what he means by payout. Does he mean 49% roll odds or 49x win rate? With a 2% win chance I can easily see this turning into a huge losing streak eventually and even with a small 10 sat base bet with 10% increments I can see it blowing the 1 BTC balance very soon.
I think this would work only if someone got extremely lucky and hit many wins within the first few thousands rolls or so because the odds started to turn against them. In that case why doesn't he just use a higher base bet like 250 sats or so.
Maybe one day when I am bored I will import this into my simulator and see how fast I can go bust... or who knows maybe its the holy grail method.
It's 2% win chance or 49x payout. If you think it's 49% win rate,how can OP make profit from increase 10% from loss and reset to base bet if the bet win?
Surely with 10% increase in lose could be blow all your 1 btc very quickly, but if you got hit when your bet is high enough, you can profited huge amount from that in short time