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A player who is assumed to be an old bettor called mechs did a large bet of over 1300 BTC in a single bet at https://BetKing.io (former PocketRocketsCasino) a while back. Is there anybody to beat this kind of a bet anymore? The highroller managed to build up hundreds of BTC via small multipliers before losing.

What are your thoughts? Is there any point in betting hundreds of thousands of dollars on dice, even if the site is trusted? I personally feel like I'm betting a crap ton even if the bet sizes are as tiny as 0.1 BTC...

https://i.imgur.com/NPyg8gk.jpg

you are sure is in bitcoin and not in mBtc ? i don't know site accept thesingle roll with 1300 btc.
already, how can bet 1300 bitcoin with 1.08 moltiplicator? Risk all this money for win under 10%

It is in bitcoin for sure and the site is PRC known as betking.io now. The site has large amount of max profit that is why it enables the bettor to risk alot for small multiplier like 1.08. Nothing is wrong with this anyway and if he risk 10 % of the bet amount, it is still 130 btc and that is still a crazy amount

Well 1300 btc is a huge amount to us, but if he is really the "mechs" on JD, it is probably not that much to him. In case someone does not know, mechs is the one making that famous 7000 btc bet on JD in 2013. He lost it, and his reaction is very calm it seems to me. You can check the relevant chat log on https://bitcointalk.org/index.php?topic=1136123.msg12063296#msg12063296.

If I were that guy I would have been living like a king. Crazy.

My max bet was .5 and to me it was like I was giving away money.

Betting 1300 BTC means either the money was stolen or the better was a lunatic.
Nobody would in their right mind bet such a huge amount on a bitcoin site.

to get , the risk and the excitement is justified, but only when bar is green, but in General, of course, is much

Thats absolutely insane amounts to be betting. Id be gutted if i lost 0.1 of a btc. Never mind 1300. Im guessing hes got quite some stash of coins hidden away anyways. Even if btc hit the big time i wouldnt be splashing cash about like that.

that is addiction at insanity!! people know the odds and shouldn't bet that much but maybe that could be just change for him or a bill for one night stay.The answer is depends on the gambler.
but how many rolls did it took before the house got him ? i guess he won some of those ?

Most casinos cap their max bet @ around 20-50 BTC.

A 1300 BTC loss is unheard to me.  :-\

OMG, this really makes them very frustrating because of the loss of thousands of dollars in time  snap.

And this is the very wealthy gamblers to gamble or maybe she has a lot of BTC so it doesn't matter if it should lose 1303 BTC

This is what separates whales from Godzilla.
I think this is the largest bet for 2015 if the other casino website would share their wagers maybe its a different story.

I bet 0.38 on 90% win chance on freebitco.in for some dumb reason, because I thought the 5% odds were miniscule (I was dumb back then), I gambled all in. Well, that was a learning experience! (I won :3)

Yes, this is the only betting and maybe this was a world record for betting BTC.

He would be very sorry to have to play gambling and will probably commit suicide  ;) :P :P :'(

Yeah that's an insane betting especially for us, but not sure for him "mechs". It could be a general betting amount for him, but I was him(have that 1300btc and rich as him) I would never risk it for 100btc only. Lost on low risk betting is kinda annoying for all gamblers IMO.

Yes, but I suspect that that is doing the betting is the owner of that site disguised to be a gambler And to raise the popularity of gambling sites.

In order to attract gamblers to play at these sites

Oh well... this is really big bet 1300btc?? Even if i have that much i wont take a risk. Lol what if 1st roll and bust.
Always experience 1st roll and bust..
By the way is this player from this forum as well?

for me $100 is my max bet as I dont want my butt kicked by the wife
but I have .91 btc on clemson +4 at nitrogen - that is my biggest bitcoin
bet so far for college football this year - normally just .10-.20 on games

That bet was insane and I can feel how painful it was just by looking at that picture. Its a whopping $500k+ in a single bet and that was like already my future being on bet :D The worst part is that he risked it and lost it on a 90% chance of winning roll. I can't imagine myself on his shoes. I'm already feeling down when I lose 0.01 btc, what more to this guy.

That is just sick so much bitcoin for just that og well those people are just billionaires I think.
They don't care that much about the money. That is nice to see some people just bet so high amount.

I hope it wasn't his life savings all in one go.  I can only assume it was someone who could afford to lose it.  Or it was fake and dive as advertisement.

it is really bad to know loosing this much bank roll on a single bet of only 10% if you convert this 1300 bitcoins to my indian ruppees currency it is nearly 1300*29000 = 3,77,00,000/- nearly three crore seventy seven lakh ruppees which will lead my family a royal life. how can anyone risk that much amount ya it may be that he is a millionaire. so for him it is peanut.

Dude, thatz the problem of being rich, you are having a hard time spending your abundant money.

But as any gambler he did take it too far by losing I guess.

Wow those thing are insane, but we can never know if it actually happened, or just made for several reasons such as advertising the site or something like that.

His reaction was very similar to mechs in justdice  2013 ago yea lost thousands bitcoin and still chat very calm.
But I believe there is dozens people like that out there .  1300 bitcoin in single bet was the highest bet so far in 2015 with bitcoin value around $400 that wasn't a wise decision for me   ;D

Hi,
It is a huge bet and to a lot of people it would be hard to believe.

You can read about the few days where he was betting here with screenshots https://bitcointalk.org/index.php?topic=910134.540

It would be impossible for me to fake this bet since BetKing.io has a crowdfunded bankroll and so I would be giving away 1300 Bitcoin to investors!

You could also do some blockchain analysis on the PRC investor wallet addresse and hot wallet addresses and you will see he withdrew 500-1000 Bitcoin multiple times each day before that big bet.

The good thing about BetKing.io is everything is transparent and there can be no faking of stats or bets like a lot of popular sites do.

Nah, if he accumulated so much BTC so far there is no way that he is an idiot. It was probably fracture of his bankroll and he is really big whale of bitcoin.
As for the 'it's fake, promotional even' I doubt that casino would go as far as lie about is, if customers discover the truth about it, then Casino would go bankrupt.

And all he said is "oh well"?  That just suck!
I've read someone sold his parent's house for 650+ btc while this guys lose 1300btc in one og.  He is one crazy dude. He could have just invested it elsewhere. or did he just put all the weight of his emotions to that oh well?

Or I guess thats what you can do if you don't treat btc as real money.

People betting with these monstrous amounts of bitcoin have more money than sense. Imagine how you'd feel to lose 1000 bitcoin in 1 bet. I think I'd be sick.

I lost over 1000 USD (fiat bookies) on a bet once when I was kind of desperate a few years ago, I felt like jumping off a bridge ;D

I think this guy is crazy gambler make a bet with 1k+ doge, That's like he play with dogecoin

Is this for real? I can't believe it. That amount will really changed my life to an instant millionaire here in my country. Where does his bravery came from.  ???

I am quite sure it is real. A few people had been watching the person betting.

Yeah I think is real too, but that is just to much for a dice game to just bet that amount of bitcoin.
If I had that amount is just better to trade or something else than just gambling it, right?

Of course gambling with hundreds of thousands of dollars would be too risky for most of us and trading etc. would be far better in the long run.

I was skeptical as well however I can assume that It is not a fake bet for sure because there is a transaction proof that the coins went into their cold storage and it is not really something spectacular if he is one of the early adopter which has hundred thousands of coins.

this is the largest single bet I have ever seen in btc , but maybe someone wagered more
this guy for sure can afford this amount , I think he has at least X100 of the lost amount but what annoys me that the amount he lost can be spent somewhere else and in some cases this amount can guarantee you good life lifetime  ;D

I don't think one should bet thousands of dollars if they're doing it only for fun lol.. few hundred dollars is more than enough.
i feel comfortable betting less than 10$ (i can't afford to bet more than 10$ lol)

 There have been bigger ones

https://i.imgur.com/eyzhPWN.png

Damn, at least his username there said it all.

wow, for me this is just insane. I was not aware of bets as huge as this. For me 1 BTC in a single bet is big enough (and not something I can do)... but 1300??? WTF lol I assume that was not all of his bankroll, or maybe he got crazy and he jsut risked it all. Either way, that is just a huge amount. So crazy to even watch that lol

But the 7016 is much sicker  :o

I wish I was a friend of him that I just tell him to give me money :P No joke.
But that is just to much and he have lost that bet like <93 is so unlucky that you don't win that.
Well that is why I don't gamble that much other wise I have lost also like that.

Wow that is some bet, an amount of bitcoin that many people can only dream of myself included.  I can get carried away with gambling but can never see myself reaching that dizzy height.

WOW! 7016 BTC... Nice one :). When this have happened? Anyway if that 425.33 in the right corner is the BTC/USD price then it was a hell of loss.

Just wondering why you yourself a legendary here but hasnt seen this picture before. This was from justdice few years ago when they were still accepting bitcoins. This picture is like an urban legend here and thats not a btc/usd price ticker over there but the site's profit

Say what this people are just crazy why bet so much bitcoin for this time of games.
With that bitcoin I would just prefer playing poker is more 60/50 chances to win then this.
Well this is there fault after all.

Why not look closely at the picture before posting this ? The picture clearly show that he had 96.2 % chance to win but he blew on it because of bad luck. You could suffer the same fate if you are not lucky even if you are a proffesional poker player

that is a crazy bet i doubt that someone can risk that much bitcoins nowadays when bitcoin is accepted by more and more companies and people are getting more interested in using it

Exactly. I feel the same even if i'm betting around 0.01.

As for that guy who in the previous bet won 100 BTC and then lost 1,300 I have no words except greed. Greed ate him. Greed will eat everyone of us if we won't stop in the right time.

I actually remember seeing this and to say the least it is crazy if it was a real player and I think maybe was all his bankroll because if it wasn't he would have no doubt continued to try & scrape some back.

You're not the only one, 1btc bets to most people are big enough- 1300btc then you have issues in life that need addressing and the sad thing is if that was my last btc I squandered I would find it hard to live with myself.
..

Op Haven't seen any bets as big as that since, the biggest I have seen was the other day at bitdice for 120 something btc if I remember right. I'm sure others have more than likely seen some but I only play a few games on weekends and nowhere near them crazy amounts lol.


When was this? I have to give a lol haha as well-  "oh well" speechless to the stupidity of some.

His username checked out. He certainly seemed willing to risk the coin, which is better than playing and then freaking out when you lost because you couldn't afford to lose.

There is some topics here, with biggest loses. Unique for them is they gambled on more then 90 % to win and they lost. Its suspicous for sure, i would get crazy after loosing this amount of money. Personally I would never bet that much on dices. I heard to many negative things about this dices, even if site is trustworthy.
I dont think there is point in bettin so much money on dices, also if u dont have enough to double your bett couple times dont even bet!

That's a crazy bet. Been up 100 would of being good for me but hey ho easy come easy go

There's no site that i would bet those kinds of amounts. It's one thing to gamble to have some fun, but this is just sick.
Anyways, if someone bet's 1000 btc , even on 2x multiplier , i highly doubt the house would have enough to pay up, and there are max wins per roll also.

That's the problem, imagine if you made a massive bet & won it but the house couldn't pay.

BetKing is apparently investor based and has around 3000 BTC bankroll.

Hence their cold wallet with most of the funds: https://blockchain.info/address/1FhxjhFb1YudGC1vtV4FuLpQc2uHzq3XFd

Yeah. If you check that address and hot wallet addresses near the time you can see he made many withdrawals over 500btc over the course of 3 days. A few over 1000 IIRC.

As you see in the bet just before the big one he won 100btc.
The max win was something like 300 at the time. He had built up most of that 1300 by winning a lot over a few days and cashed it out many times.

Well for this year might result from the outcome of my biggest bet is $120, I was very happy when got it, hopefully next year will be even greater  ;D

this is such funny comment. as u can clearly see, he has won before and he is playing it again. so it will be more suspicious if he never lose at all in the long run. and that is also why many gambler lose so badly because as long they think they have gd % of winning, they hardly will lose but even if u have 90% of winning, you can still lose like 3 times in a row in the long run.

It depends on each site bankroll. If the site only have small bankroll I dont think they will set 1000btc for max bet, it will be a limit to each user to bet. They already calculate it well, the worst scenario for them so house will never couldnt pay the player winning

I would not do anything stupid like that, a bet with 1300BTC is mean $ 520,000 it is the very thing bulging in my opinion, I had to gather the money for 100 years to get $ 520,000

That is not stupid and neither it is wise ,it just depends on the kind of money you have.
His previous bet was bigger than this one and it clearly means that he doesn't cares about coins.
i will bet hundreds if i have a source.

whoever he is, do you think he was crying then?
how could someone spend $ 520,000 with pointless, bill gates would not be spending as much as it is with pointless

Yea he was won 100btc earlier before he bust it all , don't know if betking.io will allowed the maximum profit status to minus like -200 bitcoin max profit?
So when he has won 100btc , betking.io has 200 btc max profit allowed left. Which I think the house stabilize it between give him another win or take all his money and betking.io decide to take all his money .
the question are how much max profit increased after that 1300bitcoin ? Because now I still see 266bitcoin max profit.
Also is it possible to betking.io have minus max profit?

do you think it really real?
the house always wins. if I had money I would not gamble on dice, as it surely will house setting to win,
I prefer in sports gambling

He doesnt seem too calm though but cant blame him I too would have prolly projectile vomitted all over the shop too

2013-10-02 04:53:52 <mechs> Doog: I am fucked
2013-10-02 04:54:17 <mechs> Doog: I am going to vomit

The max profit does not work like that based on one players winnings or losses. It is based on total invested (by users) on the site, which is currently around 3000 BTC.
If a player wins, the total invested amount will of course go down as the player wins from it and so the max profit will also go down.
The house would never limit a player by limiting max profit so that they couldn't win back what they lost.

Here is how it's explained on their site:

"The maximum payout of the site is calculated by taking the sum of all the investments * risk * 0.01.
So imagine we had user A with 10 Bitcoins invested at 1/2 Kelly, B with 10 at 5x and C with 10 at 10x. The maximum payout would be:

(10*0.5*0.01) + (10*5*0.01) + (10*10*0.01) = 1.55 Bitcoin"

Whoa! I don't know if that actually happened or the gambling site is just using it for attention/ promotion purposes .You either have to be stupid or son of Bill Gates to make that type of bets .Or maybe its some kind of bots doing the action of only changing titles .Nothing really happened .

Since many of the people I know saw the bet and due to the fact the site is investor based, there is no way the owner would have faked it as that would have cost him that whole amount.

1300 BTC? Oh my God, who is that crazy man? Hope that is only an early adopter, but what luck for the owner of that dice site. Anyway, the maximum bet that I've seen is on Just Dice, but now I don't remember precisely how many BTC was (But I'm sure that the amount was more higher than 1000 BTC)

I got it, so even he was lost 300,000 btc and total invested in the site only 3,000 btc the maximum payout wouldn't increased right?
Because maximum payout will increased only if there is an additional funds invested right?
But max payout will decreased if we won 100 of 300 max payout?
How you can calculate max payout if the case like that? Is it correct what I mentioned above?

I also remember hufflepuff, a player that won something like 6000 BTC in primedice ! That was crazy ! But of course, I also remember the ones that has bet 7000 BTC on just dice and the only sentence that I do is this: Why? :O

I doubt this will be legit.No one would be stupid enough to bet on a dice with so much btc. I still like to know if this really happened. Does anyone have any contacts with the website or can anyone give me a solid proof that this happened? I would love to write an article on this.

Sometimes I really think that those bets are nothing but publicity schemes to generate free traffic to the gambling site.

I mean even if you do have 1300 BTC to bet with, what guarantee do you have that the site will actually let you withdraw that much money?

I also think rolling dice with high bet and minimum multiplier have high risk. Even with 10% chance of loss you can easily become bankrupt with 2-3 losing bets.

ITT: No one actually reading the replies ;)

I am the site owner

This is 100% real, there is blockchain proof and would be absolutely stupid for me to fake.
Here's why:

1) BetKing.io has a crowdfunded bankroll, when the house wins the profit gets split to investors. That means I would be paying the investors 1300 Bitcoin!
That would be the biggest waste of advertising money possible and I would still not have made that money back by now with the commission model I have.

2) That big bet is a losing bet, why would I want to promote that someone lost that much? Surely you would want to advertise a win?

3) There is blockchain proof of the player withdrawing 500-1000 Bitcoin multiple times per day for 3 days, almost all of it profit from his wins!

4) This forum was very active for 3 days while it happened and there were people watching all of his bets where he ran up a profit of over 1000 Bitcoin before losing. Posting screenshots in this thread the whole time https://bitcointalk.org/index.php?topic=910134.620 (that's roughly the start page, there are around 6 pages of replies)

And to clear up the player was able to bet so big and win so much because BetKing.io (it was named Pocket Rockets Casino at the time) had the largest crowdfunded Bitcoin bankroll of any gambling site for over a year and a half after JD closed, at the time of this bet there was around 3500 Bitcoin invested IIRC.

very very very awesome!!!
in the last few days this topic discussed in the group and bitcoin community regardless true or not about that bet we deserve applause for his courage to bet large amounts.

I wonder  he a member here? I hope someone comes along and says "it's me"

Why is this look likes more to site advertising to me ?

A unknow dice site with high bet LOL

You mean the site with the most wagered of any Bitcoin crowdfunded dice site in the past year and a half?
Proof: https://dicesites.com/

Unknown? Check my screenshot and make your own conclusions.

https://i.imgur.com/bjqX4YB.png

Want to check their bankroll? Here you go: https://www.blocktrail.com/BTC/address/1FhxjhFb1YudGC1vtV4FuLpQc2uHzq3XFd

If you ever have that amount of money hit me up, anyways the site is backed up by multiple investors. So before taking you should inform yourself a bit at least, do your homework.

Good luck!

Wow... Firstly the guy must be crazy... He would lose 1k BTC then say "Oh well" on the chat...

Most sites have house edges of less than 100 BTC so it's hard to find a site that accepts that kind of gigantic bets.

The biggest bets I've seen are probably from Turk0jan on PD... He was up 150+ coins before he busted them all.

Did you not see his roll? It is 1.08x multiplier and he still lose it, I just think he is not in that luck to roll. Nope there are some guys that win over 1k btc, if you know jackie. I forgot where did he played at but it seems he won a lot from that

Look its crazy betting that large amount even if the win odds are 99.9%. Not really worth winning 100BTC by betting 1300BTC.

Anyone know when that was taken?

Probably 1banana highrolling on PD regularly... Unfortunately he lost all.

I'm not sure when the Hufflepuff thing happened. If it was this year then it's the biggest bets I've ever seen.

Hufflepuff was cheating at PD and his bet was nowhere near 1300 Bitcoin, PD has a max bet of 40btc at the time.

Really, casino would just do a max to bet, because when some is going to bet like 5000BTC for example.
That he win that I think casino will just lose all the money or some thing. And waw people really cheat that is just sad.

I'm wondering how much that guy won before though. We can see only one bet from which he won 100 BTC but how many bets like this one were before that?

I don't think his winnings were over 1k BTC though.

IT was explained or discussed somewhere else before but as far as i remember he didn't won many of those bets,it was a big loss.Though people also say that it was done for some popularity ;)

Is it possible the dude lost it on his own site?Maybe he was the site owner betting on his own site and created the situation for the drama and exposure to get all us peeps yammering on about it?

Guess I need to quote myself again :)

ITT: No one actually reading the replies ;)

I am the site owner

This is 100% real, there is blockchain proof and would be absolutely stupid for me to fake.
Here's why:

1) BetKing.io has a crowdfunded bankroll, when the house wins the profit gets split to investors. That means I would be paying the investors 1300 Bitcoin!
That would be the biggest waste of advertising money possible and I would still not have made that money back by now with the commission model I have.

2) That big bet is a losing bet, why would I want to promote that someone lost that much? Surely you would want to advertise a win?

3) There is blockchain proof of the player withdrawing 500-1000 Bitcoin multiple times per day for 3 days, almost all of it profit from his wins!

4) This forum was very active for 3 days while it happened and there were people watching all of his bets where he ran up a profit of over 1000 Bitcoin before losing. Posting screenshots in this thread the whole time https://bitcointalk.org/index.php?topic=910134.620 (that's roughly the start page, there are around 6 pages of replies)

And to clear up the player was able to bet so big and win so much because BetKing.io (it was named Pocket Rockets Casino at the time) had the largest crowdfunded Bitcoin bankroll of any gambling site for over a year and a half after JD closed, at the time of this bet there was around 3500 Bitcoin invested IIRC.