ELI5 What’s the best Bustabit strategy?

ELI5 What’s the best Bustabit strategy?
on January 6, 2020

Bustabit is a betting game where you try to maximize your earnings in each game or lose it all in case you don’t cash out before it gets busted.

Gameplay

First you should enter the play window.

In this window you’ll find a chat room where you can interact with other players as well as the betting commands and the list of players who joined in the current bet.

The players in red failed to cash out before Bustabit crashed. They lost their entire bet.

Those in green got out and profited the amount on the right column. Take, for instance, green user number 6. He/she bet 11,100 bits and got out at 2x. That is, they got out when the game was 22,200 so they earned 100% (11,100 x 2).

You should probably focus on gameplay rather than hang out at the chat room. When you’re done and want to chat, then go for it. The chat will usually distract you, so don’t pay attention to all the noise while you’re betting.

The Best Bustabit Strategy

First of all keep in mind that anything above 1x means you earn more than you bet.

Therefore the best strategy, with the lowest risk, is to cash out right after 1x consistently in every bet.

If you get too greedy and go for a higher multiple you might hit jackpot a few times but you’ll very likely lose it all in one go.

Think of compound profits. If you consistently make “just” 1.10 that’s a 10% profit in every bet. No investment will ever pay that much anywhere else!

Bustabit rarely crashes before 1x so if you go for something in the low 1.x’s the likelyhood of multiplying your money is exponentially larger than if you try to hit large jackpots.

Disclaimer: Do your own research and keep in mind Bustabit is a high risk gambling activity. You can lose 100% of your Bitcoin very quickly. Nothing in this article configures investment or playing advice.

Security

Don’t send large amounts of BTC to Bustabit at once.

Since the service has been hacked in the past, you should take the same precautions you would anywhere else.

If you don’t have the keys, then you don’t own the Bitcoin. Therefore you should withdraw your profits often and keep the BTC in your own wallet when you don’t plan on playing for a while.

 

References

Bitcointalk ANN