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Yeah the risk reward is terrible! Why I just do it for fun haha but it did work as my LN markets hedge as the market fell. I don’t think you pay a funding fee when doing a trade
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In theory, if the win/lose is 50/50 could you employ a martingale betting strategy to improve the odds? It seems like it would work with a 75% payout. Granted the martingale strategy has a chance of getting extremely out of hand since it doubles the bet on every loss, and i'd imagine you would run into liquidity issues on that market if the bet got too big.
Absolute degeneracy, great stuff.
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could you employ a martingale betting strategy to improve the odds
No. This strategy can never work, because your capacity to increase the bets is limited. Casino always win.
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Total degen stuff. Win/lose is 50/50 probability. But if you win, you gain 80% - 5% fee = 75%, and if you lose: -100%. Your expected P&L = -12.5%. For a dealer it is positive: (+95% gain vs -80% loss) / 2 = +7.5%.
Liquid is a very useful chain to pegin 'tainted' BTC UTXOs if you need to off-ramp to fiat.