Don't fall for all those gambling threads

I've seen a lot of crypto gambling related "get rich quick" threads but that's literally the worst way to make money. You can have short term gains but in the end you will always lose. Especially if you do a lot of small bets in combination with the martingale strategy. For those of you that don't know, martingale is a strategy where you increase your last bet, if you lose, by so much that you win back what you've lost before. Sounds good butdoesn't work. After a fewconsecutive losses your bet would be so high that you run out of money and lose it all. If you start with 1000$ balance and bet 1$ for a 2x return and double your bet after a loss you would lose all of your balance after a 9 loss streak. The chance of that happening is 0.2% or 1 in 2000. Now you could always lower your bet amount or increase your balance but if you lower your bet your return will be too small for the risk and if you increase your balance it's the same thing but reversed. Especially if you make a lot of smaller bets you will always lose in the long run because of the law of large numbers which basically says that if you throw a coin 10 times you could land on heads 10 times but if you flip it 1 million times it will land 50% on heads and 50% on tails. Same with betting but only that the casino always has a few percent house edge so they'll win 51% of the time and you 49%. If you want to gamble you should make a few large bets and only bet what you are willing to lose. Also don't get too greedy but that goes for everything in life.

Here you can check after how many losses you'd lose your balance in games like dice or crash:https://provablefair.altervista.org/tools/calculator/