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Title: Provable Fairness of bitdice.me Post by: Enzyme on April 01, 2015, 03:58:41 PM Code: 21897022 makenna.morar 15:54:56 500.00 2.0000X <49.5000 88.0868 -500.00 What are the odds of losing a 49.5% dice game, 10 times in a row? Website: bitdice.me Title: Re: Provable Fairness of bitdice.me Post by: ShetKid on April 01, 2015, 04:04:43 PM Code: 21897022 makenna.morar 15:54:56 500.00 2.0000X <49.5000 88.0868 -500.00 What are the odds of losing a 49.5% dice game, 10 times in a row? Website: bitdice.me It comes to around 0.009%. People have lost more than 30 times at 50% in a row as well. So 10 isn't the worst you will see. Title: Re: Provable Fairness of bitdice.me Post by: Chemistry1988 on April 01, 2015, 04:15:43 PM Code: 21897022 makenna.morar 15:54:56 500.00 2.0000X <49.5000 88.0868 -500.00 What are the odds of losing a 49.5% dice game, 10 times in a row? Website: bitdice.me If you just play a total of 10 bets, the odds would be 49.5%^10 = 0.0883%. But if you play hundreds and thousands of bets, it would be not uncommon to see such a loss streak. Title: Re: Provable Fairness of bitdice.me Post by: Bitdicesupport on April 01, 2015, 04:16:28 PM Code: 21897022 makenna.morar 15:54:56 500.00 2.0000X <49.5000 88.0868 -500.00 What are the odds of losing a 49.5% dice game, 10 times in a row? Website: bitdice.me The odds of a user hitting a 10 loss streak on 49.5% is extremely likely. These streaks can happen at any point, the longer the user plays the higher the likelyhood of hitting a long streak. If you wish to calculate the odds it is done like this. 49.5%^10 = 0.000883%. If you question the legitimacy of any roll please use the provably fair explanation under the help section at www.bitdice.me Title: Re: Provable Fairness of bitdice.me Post by: Astargath on April 01, 2015, 04:21:29 PM Again one of these, '' i lost x times, casino must be rigged'' threads... Come on guys at least if you are making this kind of posts show something really improbable like 40 loses in a row
Title: Re: Provable Fairness of bitdice.me Post by: btcdealer.nl on April 01, 2015, 04:23:44 PM Again one of these, '' i lost x times, casino must be rigged'' threads... Come on guys at least if you are making this kind of posts show something really improbable like 40 loses in a row Hahaha, I remember *some* guy in chat.. OMG 10 losses... MUST be rigged... gtfo Title: Re: Provable Fairness of bitdice.me Post by: Enzyme on April 01, 2015, 04:23:54 PM Again one of these, '' i lost x times, casino must be rigged'' threads... Come on guys at least if you are making this kind of posts show something really improbable like 40 loses in a row The only difference is, I lost within 30 seconds of starting the autobet.Title: Re: Provable Fairness of bitdice.me Post by: Enzyme on April 01, 2015, 04:24:20 PM Again one of these, '' i lost x times, casino must be rigged'' threads... Come on guys at least if you are making this kind of posts show something really improbable like 40 loses in a row Hahaha, I remember this guy in chat.. OMG 10 losses... MUST be rigged... gtfo Title: Re: Provable Fairness of bitdice.me Post by: Pushtheghost on April 01, 2015, 04:24:44 PM My record is 18 straight losses on 49.5% win chance. So 10 doesn't seem unlikely at all. Don't play dice anymore but used to play a lot.
Title: Re: Provable Fairness of bitdice.me Post by: nano-btc on April 01, 2015, 04:28:10 PM I got about 20 loss streak on Primedice, so this is nothing..
If u want "safe" gambling site try moneypot.com, you will not lose here if you are not idiot Title: Re: Provable Fairness of bitdice.me Post by: Astargath on April 01, 2015, 04:29:53 PM Again one of these, '' i lost x times, casino must be rigged'' threads... Come on guys at least if you are making this kind of posts show something really improbable like 40 loses in a row The only difference is, I lost within 30 seconds of starting the autobet.Wich has a chance of 0.09863721877053% of happening, wich is roughly a 1 in 1014, so you would have hit 10 loses in a row pretty soon anyways, the chances are really good honestly. Title: Re: Provable Fairness of bitdice.me Post by: Pushtheghost on April 01, 2015, 04:30:33 PM The only difference is, I lost within 30 seconds of starting the autobet. Bad luck, move on. 10 losses isn't uncommon and it happens a lot. Stick around in PrimeDice one day and I'm sure you'll see it happen at least three or four times. Only ever use autobet with ~20% of your bankroll, things can go wrong and you can get sucked in hard by it. Title: Re: Provable Fairness of bitdice.me Post by: btcdealer.nl on April 01, 2015, 04:32:10 PM Again one of these, '' i lost x times, casino must be rigged'' threads... Come on guys at least if you are making this kind of posts show something really improbable like 40 loses in a row Hahaha, I remember this guy in chat.. OMG 10 losses... MUST be rigged... gtfo Sorry my bad then, it's just that the title of this thread goes in the direction of it not being provably fair. And there are a lot of people that keep complaining about their streaks and scream rigged immediately ( like last night :P) Maybe you could change the title to : The probability of a 10 losing streak on 49,5%? latrzzz ;D Title: Re: Provable Fairness of bitdice.me Post by: btcdealer.nl on April 01, 2015, 04:32:52 PM I got about 20 loss streak on Primedice, so this is nothing.. If u want "safe" gambling site try moneypot.com, you will not lose here if you are not idiot No ''Gambling'' site is ''safe''! It's the internet remember :P Title: Re: Provable Fairness of bitdice.me Post by: Pushtheghost on April 01, 2015, 04:32:58 PM I got about 20 loss streak on Primedice, so this is nothing.. If u want "safe" gambling site try moneypot.com, you will not lose here if you are not idiot MoneyPot still has a house edge, so you'll still lose in the long run if you play infinite times. Undoubtedly though, it relies a lot more on "balls" and slightly more "skill" than rolling a dice, that's for sure. Get a lucky few runs and get out and you can definitely make bank with MoneyPot, for sure. Title: Re: Provable Fairness of bitdice.me Post by: Bitdicesupport on April 01, 2015, 04:34:52 PM Again one of these, '' i lost x times, casino must be rigged'' threads... Come on guys at least if you are making this kind of posts show something really improbable like 40 loses in a row The only difference is, I lost within 30 seconds of starting the autobet.Well the thing is that it is impossible to know when the streaks come. They can come with first bet or they may even never come. But yes all bets are provably fair and you can verify them with the formula under the help section. Or you can use the verification link also located under the help section, it leads to an offsite verifier. Title: Re: Provable Fairness of bitdice.me Post by: panjul07 on April 01, 2015, 04:45:58 PM Code: 21897022 makenna.morar 15:54:56 500.00 2.0000X <49.5000 88.0868 -500.00 What are the odds of losing a 49.5% dice game, 10 times in a row? Website: bitdice.me 10 losses streak in 49.5% chance is nothing friend. I've experienced worst than you, I got 15 losses streak in 60% win chance but in other site (PD) player will not know when those losing streak come? it can be at the beginning/middle/end.. One more thing, don't use martingale strategy :) Title: Re: Provable Fairness of bitdice.me Post by: Astargath on April 01, 2015, 05:47:59 PM Code: 21897022 makenna.morar 15:54:56 500.00 2.0000X <49.5000 88.0868 -500.00 What are the odds of losing a 49.5% dice game, 10 times in a row? Website: bitdice.me 10 losses streak in 49.5% chance is nothing friend. I've experienced worst than you, I got 15 losses streak in 60% win chance but in other site (PD) player will not know when those losing streak come? it can be at the beginning/middle/end.. One more thing, don't use martingale strategy :) Might aswell say dont use any method because in the end every method is the same and sooner or later you will eventually bust, its true that other strategies may allow you to retire after loosing a bit unlike martingale that when you bust you are done. The thing is that lets say you have 1 bitcoin and you lose 0.2 with a method, now you wont want to stop, what you want is to recover and that only leads to more loses. Title: Re: Provable Fairness of bitdice.me Post by: Slark on April 01, 2015, 05:54:46 PM I feel your pain op. I've been on losing end too. Unfortunately as others said 10 loses streak is something really common in DICE. If this was your first 10+ loses streak be ready to experience even longer streaks in the future. It is just pure math, and odds are always against you...
Title: Re: Provable Fairness of bitdice.me Post by: Havelivi on April 01, 2015, 06:17:57 PM 10 losing streak with 49.50% winning is not a strange thing in roll dice, on pd i got 16 losing streak with 2X at autobetting, so it does not that that dice is not provably fair.
Title: Re: Provable Fairness of bitdice.me Post by: copuxin on April 01, 2015, 06:18:24 PM Oh , new site . i will have a try soon.
Title: Re: Provable Fairness of bitdice.me Post by: Bitdicesupport on April 01, 2015, 06:28:17 PM Oh , new site . i will have a try soon. www.bitdice.me has been around for more than a year now. Offering our users a stable platform for gambling and investor a place to invest. Title: Re: Provable Fairness of bitdice.me Post by: panjul07 on April 01, 2015, 07:18:36 PM Oh , new site . i will have a try soon. bitdice is not a new site..but maybe its new for newbie like you lol. but if you want to try new dice site, you can try DaDice (link in my signature) New site with so many awesome bounties and features. Title: Re: Provable Fairness of bitdice.me Post by: btcdealer.nl on April 01, 2015, 07:42:22 PM Oh , new site . i will have a try soon. bitdice is not a new site..but maybe its new for newbie like you lol. but if you want to try new dice site, you can try DaDice (link in my signature) New site with so many awesome bounties and features. 1UP? :-\ Title: Re: Provable Fairness of bitdice.me Post by: Bitcoin Buyer Reload on April 01, 2015, 07:43:44 PM i played on some, they are very slow on payment. i had to wait for 1 hour
Title: Re: Provable Fairness of bitdice.me Post by: btcdealer.nl on April 01, 2015, 07:47:08 PM i played on some, they are very slow on payment. i had to wait for 1 hour At BitDice payments are instant, only for big amounts you sometimes need to contact support. ;D Title: Re: Provable Fairness of bitdice.me Post by: Bitdicesupport on April 01, 2015, 08:02:41 PM Oh , new site . i will have a try soon. bitdice is not a new site..but maybe its new for newbie like you lol. but if you want to try new dice site, you can try DaDice (link in my signature) New site with so many awesome bounties and features. Could you share what features dadice has that bitdice hasnt got ? And yes withdrawals are instant as long as hotwallet has funds. Title: Re: Provable Fairness of bitdice.me Post by: EvilPanda on April 01, 2015, 09:13:42 PM That's the beauty of dice sites, I guess. This topic comes back every few months, I'm quite sure there were at least 5 similar ones.
I even complained in one myself, having lost over 10 times in a row and stopped when people showed screenshots of 20+ losses in a row. My mistake was that I compared these 50% rolls to throwing a coin and couldn't get how it's possible for it to land on the same side 10 times in a row, but this game is a bit different. Title: Re: Provable Fairness of bitdice.me Post by: Bitcoin Buyer Reload on April 01, 2015, 09:18:50 PM i played on some, they are very slow on payment. i had to wait for 1 hour At BitDice payments are instant, only for big amounts you sometimes need to contact support. ;D yep. payment are instant. i agree. thanks, ill get some coins and try again. i did not lose but i did not win. but i did not break even... jokes. i won 0.04 still good Title: Re: Provable Fairness of bitdice.me Post by: fox19891989 on April 01, 2015, 11:21:50 PM That's normal I think, if you bet larger than 50.5, you would get 10 win streaks.
So try my tips, when you lost, try to gamble the opposite option, when you won, continue your bet. In your case, if you lost in first bet, next bet you should bet > 50.5, and you wouldn't lose. I called this "luck change" strategy. ;D Hope it can help you. Title: Re: Provable Fairness of bitdice.me Post by: SyGambler on April 01, 2015, 11:28:50 PM I have hit 16 losing streak on X2 many times
so it's not that big deal to lose 10 in a row Title: Re: Provable Fairness of bitdice.me Post by: psykachu on April 01, 2015, 11:39:07 PM it's normal.... take how many bets you did... after 10000 you should lose at least 1 time 10 x consecutive
Title: Re: Provable Fairness of bitdice.me Post by: zcxvbs on April 02, 2015, 02:36:59 PM 10 losses = (0.5)^10 = 1/1024, it's about 0.1%,not that low, this could happen at any time. While Hitting a x999 on LuckyBit is about 0.003%.
Title: Re: Provable Fairness of bitdice.me Post by: Bitcoin Buyer Reload on April 02, 2015, 02:59:48 PM 10 losses = (0.5)^10 = 1/1024, it's about 0.1%,not that low, this could happen at any time. While Hitting a x999 on LuckyBit is about 0.003%. well it depends on the timing i think because its not always that much random. it random at a certain point only Title: Re: Provable Fairness of bitdice.me Post by: Pushtheghost on April 02, 2015, 03:14:17 PM well it depends on the timing i think because its not always that much random. it random at a certain point only You're wrong. With most provably fair systems on off-chain dice sites, the result is gathered by using a client seed and server seed, and bet number. This is usually the bet number of how many bets made on your account, however, if it was the whole-site bet number/ID, then sure, that could effect the result. I'm no provably fair expert but I don't think this is how it works though and there wouldn't be a way for a site to cheat in this sense. Title: Re: Provable Fairness of bitdice.me Post by: Bitcoin Buyer Reload on April 02, 2015, 03:19:16 PM well it depends on the timing i think because its not always that much random. it random at a certain point only You're wrong. With most provably fair systems on off-chain dice sites, the result is gathered by using a client seed and server seed, and bet number. This is usually the bet number of how many bets made on your account, however, if it was the whole-site bet number/ID, then sure, that could effect the result. I'm no provably fair expert but I don't think this is how it works though and there wouldn't be a way for a site to cheat in this sense. i dont know but dropping the theory and sticking to logic, the number of btc casino wouldnt still be running if they did not make profits.. they dont just sit there and serve the community.. so in a way or the other, there is some kind of cheat or at least something that is dropping btc in their pocket enable them to stay alive Title: Re: Provable Fairness of bitdice.me Post by: Pushtheghost on April 02, 2015, 03:20:28 PM i dont know but dropping the theory and sticking to logic, the number of btc casino wouldnt still be running if they did not make profits.. they dont just sit there and serve the community.. so in a way or the other, there is some kind of cheat or at least something that is dropping btc in their pocket enable them to stay alive That's called the "house edge" which all casinos run with... house edges in bitcoin world tend to vary from anywhere to 1%-10% depending on the game being played. That's how the casinos make their money, not by cheating their players. Most are legit, at least. Title: Re: Provable Fairness of bitdice.me Post by: Snorek on April 02, 2015, 03:28:17 PM i dont know but dropping the theory and sticking to logic, the number of btc casino wouldnt still be running if they did not make profits.. they dont just sit there and serve the community.. so in a way or the other, there is some kind of cheat or at least something that is dropping btc in their pocket enable them to stay alive That's called the "house edge" which all casinos run with... house edges in bitcoin world tend to vary from anywhere to 1%-10% depending on the game being played. That's how the casinos make their money, not by cheating their players. Most are legit, at least. Title: Re: Provable Fairness of bitdice.me Post by: Pushtheghost on April 02, 2015, 03:31:03 PM Personally I would not call 10% house edge a legit offer. It is just like you would play a rigged game from the start - the only difference is you already know about it, and you don't care. For me anything more that 1% house edge is simply borderline scam. They're not scams though if they declare their house edge to their users. Some BTC casinos who run slot games have a house edge upto 10%, which I agree is ridiculous, but each to their own. :) Title: Re: Provable Fairness of bitdice.me Post by: Astargath on April 02, 2015, 03:31:31 PM i dont know but dropping the theory and sticking to logic, the number of btc casino wouldnt still be running if they did not make profits.. they dont just sit there and serve the community.. so in a way or the other, there is some kind of cheat or at least something that is dropping btc in their pocket enable them to stay alive That's called the "house edge" which all casinos run with... house edges in bitcoin world tend to vary from anywhere to 1%-10% depending on the game being played. That's how the casinos make their money, not by cheating their players. Most are legit, at least. Well honestly even a 0% house edge casino would still be shit and you wont win anything. Im pretty sure the casino would profit from greedy players Title: Re: Provable Fairness of bitdice.me Post by: Nocturne on April 02, 2015, 03:33:23 PM 10 times in a row seems like sound a house edge to me..
Title: Re: Provable Fairness of bitdice.me Post by: Bitcoin Buyer Reload on April 02, 2015, 03:34:24 PM i dont know but dropping the theory and sticking to logic, the number of btc casino wouldnt still be running if they did not make profits.. they dont just sit there and serve the community.. so in a way or the other, there is some kind of cheat or at least something that is dropping btc in their pocket enable them to stay alive That's called the "house edge" which all casinos run with... house edges in bitcoin world tend to vary from anywhere to 1%-10% depending on the game being played. That's how the casinos make their money, not by cheating their players. Most are legit, at least. Well honestly even a 0% house edge casino would still be shit and you wont win anything. Im pretty sure the casino would profit from greedy players yep agreed! cash always in never out Title: Re: Provable Fairness of bitdice.me Post by: kotwica666 on April 02, 2015, 03:39:23 PM Interesting is that everyone remember losses - i see here 10 losses, 18 losses.. But nobody says how many wins in a row got.. :)
Title: Re: Provable Fairness of bitdice.me Post by: btcdealer.nl on April 02, 2015, 03:42:40 PM i dont know but dropping the theory and sticking to logic, the number of btc casino wouldnt still be running if they did not make profits.. they dont just sit there and serve the community.. so in a way or the other, there is some kind of cheat or at least something that is dropping btc in their pocket enable them to stay alive That's called the "house edge" which all casinos run with... house edges in bitcoin world tend to vary from anywhere to 1%-10% depending on the game being played. That's how the casinos make their money, not by cheating their players. Most are legit, at least. Well honestly even a 0% house edge casino would still be shit and you wont win anything. Im pretty sure the casino would profit from greedy players yep agreed! cash always in never out 0% house edge won't be possible in anyway, only if they just want to rip all your coins you deposit and run. In my opinion 1% is a nice house edge and you sure can win! But also lose of course :P Title: Re: Provable Fairness of bitdice.me Post by: btcdealer.nl on April 02, 2015, 03:44:34 PM Interesting is that everyone remember losses - i see here 10 losses, 18 losses.. But nobody says how many wins in a row got.. :) Hahahah, indeed people tend to remember only the bad hits :P it think i've seen about 14 wins in a row on 49,5% :o cheat cheat. Title: Re: Provable Fairness of bitdice.me Post by: Slark on April 02, 2015, 03:47:17 PM Interesting is that everyone remember losses - i see here 10 losses, 18 losses.. But nobody says how many wins in a row got.. :) It is pure psychology really, humans are build like that - to receive the negative emotions in harder and more intense way and will remember bad things that happened them more likely longer and vivid than the positive ones. Nothing weird about it, you will most likely complain about bad experience that share your positive ones.Title: Re: Provable Fairness of bitdice.me Post by: Bitcoin Buyer Reload on April 02, 2015, 03:51:09 PM Interesting is that everyone remember losses - i see here 10 losses, 18 losses.. But nobody says how many wins in a row got.. :) It is pure psychology really, humans are build like that - to receive the negative emotions in harder and more intense way and will remember bad things that happened them more likely longer and vivid than the positive ones. Nothing weird about it, you will most likely complain about bad experience that share your positive ones.bulls eye !! |