Dice is my favorite gambling game, it's true that with Martingale strategy we often experience the longest streak of losses.
You have 5 BTC, it's only natural to experience 32 streak losses, because my bankroll is small so I only have around 11 streak losses.
That also feels very scary, but that is interesting gambling feeling that tension stimulates our adrenaline.
Just to let you know, having 32 streak loses on 49.5% winning chance is very rare to happens. Even got more than 20 streak lose is rare (the chance to happen will be bigger if you rolling/playing for long run)
I’m just trying to collect some data, also I guess this post will be useful for the rest of the forum users.
In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.
Greetings
Mine was 12 glad I had no repeat of that again but wow 32times is such a huge number I could have stopped at 15 and will be depressed if I have twenty, you must have a huge amount if you are going for that long streak.
Hmm OP stated his bankroll was 5 BTC while he did that
Not that big, I made a deposit near to 5 BTC months before, lucky or no I managed to get around 10BTC.
For the ones who asked, yes, thank God I did won. After that day I NEVER played anymore.
Worse feeling I ever had it was think that I can lose all my BTC but if I decided to don’t bet higher I was accepting to loss around 75% of my whole bag.
Things escalated really fast. Scary, truly scary.
The main reason is to know the biggest streak, things has change since 2018, there is more casino who accept cryptocurrencies like XLM, RVN, DGB, so I gues your bankroll is “bigger” since the value of the coin is not that big.
5 BTC it's indeed a huge bankroll to started gambling, escpecially you were used martingale strategy. What was base bet did you use? 1 sat? Or did you reset your bet when the red streaks comes and then you bet bigger when you think it would be a green/win?
Fyi, freebitcoin has 5% House Edge, in theory, you could have "more" red streak actually
It was 1 sat as a base bet. In my naive mind at that point the plan was leave it in auto “forever” and start betting manually after 18 lose streak. That’s why it was so painful, I was doing the last bets and losing one after another in manual mode.
I was increasing my bet after each loss by 61.8% with 3 as bet odds...
Beside the scary moment what make me decided to never do it again it was the profit. After all that mental pain I earn less than 1.7 BTC.. the risk, the money on the table was way bigger by that point.
Got it now, you were gamble on 3x or 33% win chance with 61.8% increase afterlose started with 1sat as base bet. Though you were betting on 49.5% win chance or 2x odds and 100% increase after lose