who here gamble-trading?
>be me, have 4.3 ETH
>staking on uniswap
>going pretty slow
>unstake
>transfer ETH to Earnbet
>use martingale system
>withdraw 15ETH
>go back in ETH/DAI pool
>stake to get UNI
>making about $100/week
might unstake later and go back to earnbet and get 40ETH and repeat.
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martingale system is unbeatable, and its provably fair too. so no fuckery
whats the martingale system?
Earnbet (previously Eosbet) BET token whale here, if you are going to use earnbet use my link (jannies) get $50 worth of free cones
play dot earnbet dot io
it's a meme strategy that doesn't actually work. op got lucky.
it does work you've just got to do it for a limited time and plan your bank roll and bet size properly
I tried it once and got rekt out of 3 eth lol. It works well just until it doesnt.
this is why statistics should be mandatory in high schools.
elagnitram is the reverse martingale system. if you WIN you double your bet. its the patrician strategy overall but you need balls of steel to pull it off
what platform were you using?
do me a favor, learn to program, then write a python script that simulates a coinflip gambling game. we'll say the house edge is 1%, so if you lose a flip, you're down a unit, if you win, you're up .99 units. now have it simulate 1000 games using martingale and report the results to you. manipulate the code to tell you how often it was able to double your money without busting, it will be the same as if you just bet the same amount of units each time. casinos are "provably fair" because they don't have to cheat. the numbers will always normalize in their favor as long as they have the edge.
ok, now I use your simulator that you created and i get 6 losses in a row, now i immediately carry out the same strategy for real on earnbet, i already used my bad luck runs on your simulator so the real one will give me the profit.
>do me a favour, learn to program
is earnbet on the eth blockchain, or is it offchain?
i play on trx wink.
does 10k of eth/dai in LP really earn you about 1% a week/~50% APY(at current uni prices)
Gonna look it up, thanks
Dice2win
Playing in casino's is always just for fun. They make sure they always win long term. So best you can do is try out your luck short term. EarnBet is a nice decentralized crypto casino that's probably fair. I mean centralized casinos don't have to scam, but there are enough that still do just because nobody can verify that. Earnbet just need to add more games.
It's 100% on chain. The WAX chain.
Lmao m8
>This is the elagnitraM, or Reverse Martingale. It is misleading because it implies that you spin the wheel first, then place your bets, but you don't! With this method, if you win a spin, you double your bet. If you lose, however, you return to your original amount. This suggests that you go on "streaks", whereby you maximise profit in a winning streak, and minimise losses where you go on a run of losing bets. As you will see when you run the program, it is the worst method ever invented. Don't ever use this method in a real casino.
The programs is looped and performs any amount of spins in each loop for you to choose. You can change starting funds, bet size, and also which graphs are displayed.
Cite As
Gary Greet (2020). Reverse Martingale Roulette Simulator (mathworks.com
it really depends what time you started Liquidity providing because impermanent loss on the pair can really take all the profit away.
Based stats posters
minimum bet is 0.00005 ETH so you would have to get 20 losses in a row to fail at the system. astronomically low chances of losing
What do you think about this plan? Sell my 800 UNI, take the ETH and double it, buy back UNI
I would say go for it, but what do I know I'm just a random guy on the internet.
excelent astroturf
>excellent astroturf
Does seem like a low effort shill, true.
Regardless, got 2m tokens staked, making over $1k a month in dividends. Feels good man.
It does work. I made £60k from it 2 years ago.
I tried this with Roobet which is also provably fair and eventually got over 20 losses in a row after letting it run automated for about 12 hours on martingale which liquidated me. There was one point though where I had almost tripled my money something like 8 hours in but I only used $30 and the withdraw mechanics were a bit strict unless it was under $2000 if I remember correctly. They also took fees I believe to withdraw. Using a large amount is too risky. Idk if you can get away with it without greed somehow. If you get lucky enough to triple your money and actually take profits and get your initial out but overall you will eventually lose
Do burgers really not understand simple statistics?
Amazing, why don't big investors just use casinos if it's that easy money?
Jesus how much does 2Million tokens cost? I looked into the tokenomics awhile back on Earnbet. Getting commission from other people gambling is the real move.
2000000 BET is worth $100k but its better roi than being a landlord.
Because casinos have the edge you retard
Spoken like a true beta male. if you win its free money.