Bitcoin Forum

MY EXPERIENCE WITH BITCOIN GAMBLING

Let me just start off by saying that I recognize the unorthodox nature of this article; it may even cause apprehension in certain readers, but nevertheless, it has to be talked about. Although this is something that is largely frowned upon, I feel the need to bring it to attention, rather than ignoring its existence. Unfortunately, I’m a wealth of knowledge when it comes to the subject of rolling dice for bitcoin, and for the wrong reasons. I’ve lost around 10 bitcoins in total, which is a pretty steep price to pay for a 16 year-old. Before you start asking questions...

continue to read:

http://www.coinwrite.org/my-experience-with-bitcoin-gambling/ (http://www.coinwrite.org/my-experience-with-bitcoin-gambling/)

all is fine and understandable. actually you are saying "Guys don't gamble"

but on the other side you are presenting such a nice signature. actually you are saying but if you still wanna gamble go to "Magical Dice"

IMO you should advertise for pampers if you are for real

I almost fell off my chair laughing  ;D  ;D  ;D

Read your post on the page and i also know it. The house always wins. If you have a streak and continue playing for long enough, you will lose! You can not make long term profits with gambling, only short term luck.

Your lucky you only lost 10 BTC I in actual fact have lost over 3 times that amount in only a year. Your lucky in a way that its only Bitcoin you lost and not your house cars wife and children. Let this be a cheap lesson on life.

well your bad but im close to it :/ i lost around 7 btc total :(

gambling makes me only loose either thats why i try to avoid bitcoin gambling i have lost about one bitcoin all in all

You have been gambling against the house.  That is their game, not yours.  Don't do that.

Gamble against other individuals, and mostly against those who are worse at it than you are.  You can learn to identify them.  Even over the internet.  Especially over the internet.  You will have a permanent written record (hand history files) of all their actions.  An amazing concept.

Learn to play internet poker properly.  Start at the rake-free tables (0.01/0.02 chip) at SwcPoker, and keep a daily record of your results.  Keep track of who is winning and who is not.  Avoid getting into big pots with winning players.  Try to get into big pots with losing players.

Internet poker still has a gambling component, but you can learn to control your own destiny.  It is not a blunt instrument.  It requires some finesse.  

Pluck the pebble from my hand grasshopper.

Brick and mortar casino edge often 8x high than btc casino if think it's bad here then you have no idea. Gamble is for entertainment if forget this then it lesson learned only very few get living from.

Yep. Poker is the best option for someone who wants to win some coins gambling. It still has a gambling component, but if you play it right, and know how to use probabilities you can easily make some money ;)

Kid (and I allow myself to call you a kid since I am much older than you) you need to stop gambling. 19 BTCs is a lot of money to lose on a stupid dice game! Get smart and stop while you haven't gotten yourself even deeper!

hmm..
I am in the same age range, and I have made 60 mBTC profit in the green :P


Hopefully I can get to the point where I can possibly lose 10 BTC as well ;)

i will never tell anyone to gamble in any casino games because at the end you cannot win against the house. it is much better that you can go for sports betting like cricket,  soccer, tennis or play poker with real players , in which you need skill and you can win and be in profit. this is my experience because i play only sports betting and play poker with real players in live games, not with gaming house like casino poker.

So you deposited .01 BTC worked it to 1btc and didn't stop when you won 100x your deposit?

I say this not to be a smart ass but there are 2 types of gamblers.    You are the bad kind,  The kind that doesn't know when to just stop.   its simply the way your brain works.   You are chasing Riches rather then profits.   lets say you decided to play again tomorrow and had the same winning results....You would make the same mistake all over again as much as you say you wouldn't.... You would its been scientifically proven with 99% certainty.

When I gamble I think in terms of profits.  Generally once I win upto 150% my deposit and immediately withdraw my initial deposit leaving the remaining 50% to play with.   If I am able to double the 50% Left I will then withdraw 50% to my personal wallet (profit)  then send the other half to another website / game... rinse and repeat.  but never ever ever redeposit what i pulled out trying to rewin losses back.   

p.s i know this is hard to believe but i have yet to lose my initial deposit on prime dice.  ive lost pleanty of winnings but yet to go negative..

yah once you get your initial despoit back, you can consider to be in the green. actually the most difficult is the first 150%, after that would be a lot easier.

my experience is the same as the traditional going into casino tables.. its all the same.

gambling just in a different form of money thats all.. and in the end I lose more. And then I sit back I could of bought this moment with that "money". So I stopped putting myself in bad situations lol.

Better gamble buying altcoins and taking profit. Check my group in sig.

i gamble a little since few days that i got this 3 sites in my email to test out.. so far they are working good.

http://fuk.io/best-sites-to-gamble-btc-online-sports-poker-dice-betting-casinos/

never happy to gamble it always bring us to greedy and bankruptcy!

What your doing is very good. Once you know their is no use from some thing either gambling or from any other things but always have a troubles means then it is good to avoid instead finding a solution in same area. Just move on and find some thing which is interesting to you and make some earnings from otherways. Good luck to you.

that cause people keep playing the game after a small win lol.

so its a for sure thing to never really win but in the negative.. since they also try to play the make up loss..

no matter win small or huge. gambling always make me poor.
last time i play poker and it doesn't work.

the thing is that a lot of people have this illusion that gamble and make them earn $$ fast. so they always have this hope that they can be better off with gamble. even winning one time out of many time lose, some of them still willing to gamble as it is part of their lifestyle.

Yes gambling is the dreamy way of making quick money which is not suitable for all the players. Gambling may induce to bet more money to gain more, but result in wiping out of all the bet amounts. But many people love to gamble for the fun which is a co product when you win something.

Not always be like that. Some people can have a family with gambling and I really appreciate them that can control their win loss in gambling. So win or loss it is usual thing but to maintain after you win that is the hardest part to do. If poker doesnt suitable for you change it to other games, there are tons of games out there to play

well, this is a well known fact for all of us or anybody who has ever gambled that the house always wins. no doubt about that. I have lose a lot of bitcoin in gambling too, but sadly it is fun and highly addictive so we all come back and lose more.

you only have to limit yourself to an amount that you are comfortable losing.

Lifestyle? Yeah I can agree on that but each of them played gambling hoping they will make some recover, thats why many people playing it again and again to get some winning but most of them end up lose their balance. There are no any fastest way to earn back what you loss from doing any work except from gambling itself

That's the attractive point which makes more people to do gambling even after many losses. No other earning sources can pay back the losses incurred in gambling, only gambling can recover their losses. But we need to improve our gambling style and tactics so that we can expect winning results from gambling.

In life, "get-rich-quick" schemes rarely pan out. There is also opinion that many people submersion into gambling comes from grief of some type.

This is true. Casinos work out their long term profits mathematically. Competitive texas holdem can be sustainable long term if a player is well versed in game theory.

That kind of gambling is like slow death and let so many people only with big bags so that i think if someone really like to gamble than casino is much better option without wait for a long time.

I agree to this. So far I made a little profit on poker, but had a big loss on luck-based games and sports betting. :(

Honestly Poker with online gambling is not really that much fun. Its fun to play with other players and you can see who is the amateur and who is the professional.

These guys gamble for fun. We all know the house always win in the long term. They just want their boost of endorphins. I too, gamble a bit to relieve stress.

and online poker can be cheated as i read somewhere here in the forum that a user found out the admin of the poker site is playing with them and no matter what his cards is, he always wins the table so i guess its not really fun playing poker

But not in all the cases. There are many techniques which can be timely applied to poker for a consistent winnings. Poker games are well known for skillful gambling. I do not know how the admins of particular sites decided not to make you win, and they only win all the times.

May be poker gambling require some skill set. But I have not tried poker as I prefer to dice always.
My dice experience is not so fruitful as I earned some profits initially then due to over greed I started to bet with bigger amounts to loose all my earnings along with my initial investment too.