Quote from: Oshosondy on December 24, 2023, 03:34:24 PM

Quote from: dimonstration on December 24, 2023, 03:27:17 PM

Don’t increase your bet when you are losing because it will just amplify your loss immediately once you are in bad streak. Always test the water before you increase your bet. Wink

Assuming I have $20 to be used to bet for the week. I want to go for 3 rounds. Anytime I win, I will stop gambling for the day. I go for a 3 odd game.

For 3 odd games
I bet $5
If I lose, I will bet $10
If I lose I will bet $20

This is called martingale which we all know and can be used to win. Anytime I win, I will stop playing. If I lost three 3 times, I lost for the week, but the chance that I will lose three time is very small. All losses after a single winning would be recovered and there would be more profit.

The disadvantages are that you will not be able to stay long to gamble and also if you lost more, the higer the losses in the next round. It takes discipline and responsible gambling.

Why do you think that the chance of losing three times in a row is very small? I remember playing low IQ games like slots, crash, dice and I had such "three times in a row" loses. That's why I stopped playing those low IQ(and probably rigged) gambling games.
If the game results are completely random, there's no way to predict such patterns as "losing three times in a row" or "winning three times in a row". If you manage to win 1000K via one bet, the chances of winning or losing the second bet remain completely random. What makes the
difference is the bet amount.
Such advice as "just stop gambling, after you win big, bro" is the dumbest advice ever. Many gamblers simply can't stop, when they start winning and that's their fault.