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.
Who here gamble-trading?
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