Normally i don't play gambling games but this game Moonsteem is really fun. And i think it's possible to beat the game but i'm not a math geek or something like that so it's just my common sense. Hear me out, these are the settings:
I'm doing this strategy on Moonsteem where i scale up my bet with a factor of 2 every time i'm wrong. I begin with 1 steemies and can go to max 7000 steemies per bet (the casino only allows that much). So the first bet i put in 1, then 2, 4, 8, 16, 32, 64, 128, 256, 512, 1024, 2048, 4096 this is where i have to stop. So that means i can be wrong 12 times in a single row, and the 13th time i'm wrong i lose.
We know that the house has an edge of 2%, that means when i make bets with a multiplier of 2 there is 49% chance to get it right. So i have a chance of 51% to be wrong when making a bet (and that for 12 times until i lose.) Let's calculate: (51/100)^12 = i have 0.0003 % chance of losing this many times (12) after each other. 0.0003% = 3/1000000 or 1 chance on 333.333 games.
So that means you can do this strategy for 333.333 games until you will lose the whole bet in 1 time = 4096 steemies.
It takes about 15 games to earn 10 steemies so that's 0.66 steemies per game. You can do about 333.333 bets until losing your investment, which means: 222.219 steemies in income before you lose 4096.
https://www.moonsteem.com/?ref=niel96