Post
Topic
Board Gambling
Merits 11 from 2 users
Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
by
hosseinimr93
on 05/05/2021, 16:02:10 UTC
⭐ Merited by DarkStar_ (10) ,TheQuin (1)
You've explained it well, I only disagree with your last sentence. I think the chance of winning is absolutely the same either with martingale or betting with 1.1x multiplier. With this particular multiplier you have 10%+ chances of losing your whole balance right away, with the very first bet, even on a site with the smallest house edge.
You are right. I calculated the chance of winning in both cases.
Let's say I have 1 BTC and I want to convert it to 1.1 BTC.

If I put the whole 1 BTC is a single bet with multiplier of 1.1, my chance of winning would be 86.36%.

If I use martingale method and set the base bet to 0.001 mBTC, the chance of converting the 1 BTC to 1.1 BTC would be:

(1 - 0.52510)100 = 0.852 = 85.3%