How to Gamble for a Living: One pro's method.

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Here is the link to part 1.

 

In Part 1, I interviewed 3 people who gambled for a living successfully, and asked the subjects of the interview to give me each a game plan for how to be successful. In essence, I was looking for an answer to the question of whether or not this can be taught.

 

Lou’s game plan was a simple one.

 

I tried it on the same casino he played on. Limbo is a game that generates numbers at random. Pick your bet. Pick your desired multiplier. Bet.

 

The maximum payout on the platform has limbo set to one million. It has a 1% house edge.

 

So what payout and what multipliers did Louis give me to test? Unlike many skeptics, Lou was a big fan of the auto-bet for his limbo strategy.

 

“30x payout. On a win reset and on a loss increase your bet by 4%. It requires monitoring but it’s solid. I have about an 80% success rate.”

 

I set out to see if this method worked - making sure to play it slowly - watch it and see what happened. Had I been betting Bitcoin or Ethereum - the results would have been the same - but I went with DOGE so as to play at no real risk. I used less than 1 coin for all of these experiments.

 

On the first try - the method held up and topped it’s profit at 1.5x what I started with. I let it carry on to see if it would double my start. It didn’t. It soon crashed. This was the monitoring Louis had emphasised.

 

I started again…  Depositing only micro-cents in crypto. On the second, third and fourth try it successfully doubled the starting amount. On each try I used the same odds and doubled the wager - meaning that had I started with a dollar it would look like this:

 

First try - minus one dollar. To be fair to those who’ve not been privy to the slight tweaks that need to be made when monitoring - I’ll count the first loss.

 

Second try - one dollar turns into two.

 

Third try - two dollars turn into four.

 

Fourth try - four dollars turn into eight.

 

Just before writing this I ran the method again. Once again it doubled my bankroll. This time with some worrying dips but with zero interference.

This is what the chart looked like:

 

I give this method 88 out of 100 for it's efficacy.

Any method that succeeds 4 out of 5 times at doubling your money certainly has something to it.

Regulation and Society adoption

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