What is BitKong?

Link – https://bitkong.com/

BitKong is dubbed as a fun and addictive provably fair bitcoin betting game. We are not going to try pouring cold water on that claim. Somehow, we are convinced that this site is indeed trying to offer something a little different and is fun to play. It even has a mission statement, presenting the goal of not just offering another bitcoin dice game or third party copies of other slot machine games, but offering a 100% provably fair game that is entertaining to play.

Before you get to play on BitKong, you will be greeted with a dialog box asking you if you agree or disagree as to whether or not you meet the site’s requirements for playing. There are two requirements, which are basically the standard requirements for almost all online casinos: being at least 18 years old and the legality of the site in the jurisdiction where the player resides.

Anyways… BitKong Rules!

At the time of writing this, BitKong is still fairly new. There aren’t any reviews that I could find online, so here goes my best attempt at one…

I’ve tried SatoshiDice, BetChain, BitCasino, but BitKong might be the new king of the jungle. The interface is just so good. But beware — you’ll like it.

BitKong Gameplay 101

Basically, the way it works is, you deposit some bitcoin. After that, you pick a mode and an amount to bet. Click on the panels in the first row and you will either win or lose. If you win, you can click more rows, but you risk what you have won up to that point.

No Account Required

Getting started is really easy. You don’t even need an account. Try out the demo version (no money) or test your luck with a small amount of free BTC.

Tip: You should “checkout” all your funds at the end of a gaming session, especially, if you’re not logged into an account.

Quick Deposits and Withdrawals
I haven’t had any issues depositing or withdrawing funds. They mention that large withdrawals may be processed manually, but I have withdrawn as much as 0.15 BTC without issue. (I don’t gamble more than I can afford to lose!)

Tip: Don’t use your Coinbase.com account if gambling is illegal in your area.

Modes: Easy, Medium, Hard

There are three modes. The difference between the modes is a combination of 1) the # of columns 2) the win-loss ratio in a row 3) and the amount you win.

Easy Mode: 3 columns, 2/3 win per row, smaller wins.

Medium Mode: 2 columns, 1/2 win per row, bigger wins.

Hard Mode: 3 columns, 1/3 win per row, biggest wins.

Tip: Stick to Easy mode. (But this is more of a personal tip than practical.)

My “Martingale” Strategies

I haven’t done the math on this, I don’t know if it works out in the long-run, but I play BitKong.me using Martingale-like strategies.

It’s not possible to actually do a Martingale strategy because of the cap on how much you can bet (35,000 bits, at time of writing). However, you sort-of can.

There are a few ways I play that approximate a martingale strategy and I describe them below. In all of them, I don’t bother trying to select panels…

I simply try to “ascend” the column above the play button, knowing that I don’t have any special powers to select random outcomes.

Descending-Pyramid Martingale

This is my go-to right now, I like to bet the smallest amount and try to win 7x my bet. If I lose my bet, I increase my next bet and decrease my risk taking.

I start with 10 bits on Easy. And I try to ascend 5 rows. If I make it, I take those winnings and start over. If I don’t, I increase my bet to 20 bits.

With 20 bits on Easy, I try to ascend 4 rows. If I make it, I take the win and go back to 10 bits. If I don’t, I increase my bet to 50 bits.

With 50 bits on Easy, I try to ascend 3 rows. If I make it, I start over at 10. If I don’t, I increase to 100 bits.

With 100 bits on Easy, I try to ascend 2 rows. If I make it, I start over at 10. If I don’t I increase to 200 bits.

With 200 bits on Easy, I try to ascend 1 row. If I make it, I start over at 10. If I don’t I increase to 500 bits.

And so on…

Sometimes, I skip 10 to 50, 50 to 200, or maybe I try to go up more rows, but it depends. I keep track how much I am down in my head. Sometimes, taking the sure thing and starting back at 10 is better than pushing your luck.

The idea here is to take the most risk when I’m betting the least, and then when I lose, I increase my bet to try and “martingale out of losses.”

However, it can get bad.

If you’re betting 5,000 or more — that’s where you’ll make the most money quickly, but it’s also where you’ll lose the most money quickly.

If you try to martingale out of a 5,000 loss, you can only go up a few steps before you hit the 35,000 cap. I’ve lost the most betting 35k bits at a time.

Coin-Flip Martingale

In this approach, you don’t bother to “climb the ladder,” instead you just increase your bet and treat it like a coin flip and try to double-up.

I start with 10 bits, you could start at 100 or higher, but since there is a cap on how much you can bet, you have a longer “runway” when you start at 10 bits that will help you martingale out of a series of losses.

Anyways, start at 10 bits, click one or two rows. If you win, you start over.

If you lose, you increase your bet by two-steps. So, 10, 50, 200, 1000, 5000.

I like this strategy less, I found it ran me up to betting 35k bits fairly quickly, whereas, in the Descending Pyramid approach I didn’t seem to end up at that level as much.

A lot of times, I would just try to gamble around 1–5k to make up for losses rather than going as high as 10k or 35k.

Ladder Climbing Martingale

This isn’t one I use, but it came to mind while writing this. You could stick to betting 10 bits, but rather than increasing your bet, you increase the number of rows you try to ascend when you lose.

If you get to the point where, even if you made it to the top, you wouldn’t win back your losses, then you would increase your bet and start over.

They’re all variations of the same idea. If you lose, bet more.

Be careful! That could mean you lose more too.

General Tips

Don’t bet more than you can afford to lose.
Withdraw your bitcoin after each session.
Keep track of how much you deposited.
Keep track of how much you are down.
Keep track of how much you are up.
Know when you’re no longer martingale’ing. (ie: you hit bet cap and lost.)
If your up, consider withdrawing your initial deposit.

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Bet at your own risk !