Best Strategy: Don't play
I just want to emphasize, the best possible betting strategy on bustabit is to refrain from playing.
It's not a scam. It's not unfair. It's gambling. You will lose. Maybe not today. Maybe not tomorrow. But some day, you will encounter one of those "impossible" losing streaks.
These losing streaks are the reason the site is profitable for the site owner, not you.
Second Best Strategy: Play Once
If you insist on skipping the Best Strategy (see above), then the second best way is to avoid a losing streak by just getting it out of the way all at once. Just decide the most you're willing to lose, and bet it all on a single game.
With this strategy, you walk away no matter what. If you win, great. If you lose, you just saved yourself hours or days of your valuable time.
So, you've been warned and now you want some "better" strategies for playing bustabit.
Ok, here you go:
Bonus Only Strategy: Base @1.00 X
Take your base, say 100 bits, and set a Cash Out of 1.00 X. Most of the time, you'll get your bet back. Occasionally, you'll get a bonus as a matter of percentage, depending on the bustabit logic. So with a little luck, given enough time, the bonus will build. The bigger your bet, the bigger the bonus.
Looks great, right?
If this seems too good to be true, that's because it is. These bonuses are paid by "instabust" (0.00 X payout). This is the situation where all bets lose, occasionally. If this happens, you'll lose your bet, even if your cash-out is set to 1.00 X.
Recovery Strategy: Triple Base @1.33 X
So you lost a bet. Now you want to try to recover. Say you lost 100 bits. Take your loss and triple it. Then apply a Cash Out of 1.33 X and hope for the best. If that doesn't work, repeat.
Here's an example showing a small losing streak using this strategy to try to recover:
Details on that last recovery bet:
One problem is, even if the losing streak is short, like the above example, you don't fully recover (this is intentional, to help mitigate more risk), it's a set-back and you have to resume your main betting strategies just to get back into profit. This is recovery by risk management.
But the real problem are those pesky losing streaks going on for longer than a couple iterations. If you keep this progression going, your bankroll will dry up and you'll be bankrupt:
For instance, here's a possible losing streak:
- 100 @ any X (lose)
- 300 @ 1.33 X (lose)
- 900 @ 1.33 X (lose)
- 2,700 @ 1.33 X (lose)
- 8,100 @ 1.33 X (lose)
- 24,300 @ 1.33 X (lose)
- 72,900 @ 1.33 X (lose)
Now, you're tempted to bet 218,700 bits just to try to dig out of your hole. You're thinking, "How could I possibly have a losing streak of 8 losses in a row? This HAS to work!" But it doesn't have to work. Mathematically, it doesn't have to do anything of the sort.
Even if you pull a rabbit out of a hat and manage to risk 218,700 @ 1.33 X, you still haven't fully recovered because raising the Cash Out increases the risk even more.
Bottom Line
Even with minimal risk, e.g. @ 1.00 X Cash Out, and a conservative recovery strategy, there is no way to beat the losing streaks on a long term timeframe. So be smart. Don't play.