Bitcoin Forum

Economy => Gambling discussion => Topic started by: Jimmy Wales on November 07, 2016, 11:42:50 AM



Title: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: Jimmy Wales on November 07, 2016, 11:42:50 AM
Huge win on www.bitcoinbetting.website, a blockchain based gambling game offering 0% house edge.

Bet ID: 685
Choice: 2
Bet Amount: BTC 0.0998
Tx Hash: 7d7a65100e600d7b535687adaf0e26efa8dcf1a5291be3f5587ed54f438e8702 (https://blockchain.info/tx/7d7a65100e600d7b535687adaf0e26efa8dcf1a5291be3f5587ed54f438e8702)
Status: won
Confirmation Block Height: 437693 (https://blockchain.info/block-height/437693)
Confirmation Block Hash: 000000000000000000fafc2ec0ccf2df5ce6ba6aa7c68a1c1fe035ed778b3ee2 (https://blockchain.info/block/000000000000000000fafc2ec0ccf2df5ce6ba6aa7c68a1c1fe035ed778b3ee2)
Return Amount: BTC 1.5968
Return Address: 1CoinBcK1kA9uK8vpkUncEwLHjEm5Wbkph (https://blockchain.info/address/1CoinBcK1kA9uK8vpkUncEwLHjEm5Wbkph)
Return Tx: 80023ca0cf1a34d865389118c4bb1247dd8cbe9a3719a5741e9deb82ec8db58e (https://blockchain.info/tx/80023ca0cf1a34d865389118c4bb1247dd8cbe9a3719a5741e9deb82ec8db58e)


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: MarbleBoss on November 07, 2016, 11:47:07 AM
16x win with 0% house edge is amazing... ::)


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: numanoid on November 07, 2016, 11:52:57 AM
Well, another lucky user who won big amount. This guy has more "luck" than a guy who hitted a big amount too back then (but smaller than this winnings), you can see on Here (https://bitcointalk.org/index.php?topic=1643063.0). All i can say just, congrats for him!


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: clickerz on November 07, 2016, 12:15:26 PM
He is very lucky and congratulations to him. All of us just dream that we will be lucky also but never manifested :D  or if it did, just only a small amount. Sometime we just want to win big by betting low lol


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: dunfida on November 07, 2016, 01:03:46 PM
He is very lucky and congratulations to him. All of us just dream that we will be lucky also but never manifested :D  or if it did, just only a small amount. Sometime we just want to win big by betting low lol

We are always   aiming that  thing which  we  bet low and   win  high  which is  impossible  in any cost ,  if   possible you would really need  1000%  luck  in able to  win it.  Regarding  on  that  man  who  won  huge amount  i could really say that   hes  too lucky to convert  his  0.09 to 1.5 btc.  I could say  bitcoinbetting site  is  good  but  the  chances of winning  is only 6.25% just as expected  payouts  would really high.


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: Capradina on November 07, 2016, 01:11:41 PM
He is very lucky and congratulations to him. All of us just dream that we will be lucky also but never manifested :D  or if it did, just only a small amount. Sometime we just want to win big by betting low lol

We are always   aiming that  thing which  we  bet low and   win  high  which is  impossible  in any cost ,  if   possible you would really need  1000%  luck  in able to  win it.  Regarding  on  that  man  who  won  huge amount  i could really say that   hes  too lucky to convert  his  0.09 to 1.5 btc.  I could say  bitcoinbetting site  is  good  but  the  chances of winning  is only 6.25% just as expected  payouts  would really high.

Basically indeed gambling will always give you an advantage on the owner of the site, because gambling is a business and every business will surely be better looking or give priority to profits than the players. But it all is not something which can give an adverse effect for us, because if we can play well and massive then there will be considerable opportunities to make a profit despite only once and after that defeat. so, do not for gambling luck but for pleasure!!


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: RocketSingh on November 07, 2016, 06:39:56 PM
He is very lucky and congratulations to him. All of us just dream that we will be lucky also but never manifested :D  or if it did, just only a small amount. Sometime we just want to win big by betting low lol

We are always   aiming that  thing which  we  bet low and   win  high  which is  impossible  in any cost ,  if   possible you would really need  1000%  luck  in able to  win it.  Regarding  on  that  man  who  won  huge amount  i could really say that   hes  too lucky to convert  his  0.09 to 1.5 btc.  I could say  bitcoinbetting site  is  good  but  the  chances of winning  is only 6.25% just as expected  payouts  would really high.
One can increase his winning chance by doing a trade off with expected payout and it seems this winner actually did that. U think that this guy has won huge amount with 6.25%, is because u r looking at only one bet. But, if u look at the whole board, it seems like from 681 to 692, all bets are his. So, in reality, he played with 6.25*(692-680) = 75% winning chance.

All u need to do is place multiple bets on multiple options.


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: 20kevin20 on November 07, 2016, 09:12:12 PM
Congratulations to him, but sadly, most of the time you're getting greedy because of the big win and hope for more, which leads to re-depositing the money on the online casino and playing with it again. I've seen people doing that, it happened even to me and it's not a good feeling.


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: RocketSingh on November 08, 2016, 11:35:13 PM
Congratulations to him, but sadly, most of the time you're getting greedy because of the big win and hope for more, which leads to re-depositing the money on the online casino and playing with it again. I've seen people doing that, it happened even to me and it's not a good feeling.
Control is another name of Gamble. ;)


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: jossiel on November 09, 2016, 12:54:32 AM
Congratulations to him, but sadly, most of the time you're getting greedy because of the big win and hope for more, which leads to re-depositing the money on the online casino and playing with it again. I've seen people doing that, it happened even to me and it's not a good feeling.

That's fine and good to him if he win big amount as he gamble. It depends on how he will make his winnings save and being used.

But I'm pretty sure that he will just manage his earnings properly and have a broad mind he won't make the house edge get again his win.

Anyway, congrats to you Jimmy Wales hoping to see more winnings from you.


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: tabas on November 09, 2016, 01:40:29 AM
Well, another lucky user who won big amount. This guy has more "luck" than a guy who hitted a big amount too back then (but smaller than this winnings), you can see on Here (https://bitcointalk.org/index.php?topic=1643063.0). All i can say just, congrats for him!

It is really an amazing thing to see those people who are winning big amount every time they will gamble. And this 0% house edge by bitcoinbetting.website is making them more popular and if this type of winning will be continuously happening, it's going to have two result: It's either they will get a lot of gamblers or they will be bankrupt. And I forget, Congrats to you buddy!


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: yolanda222 on November 09, 2016, 01:57:57 AM
Congratulations to him, but sadly, most of the time you're getting greedy because of the big win and hope for more, which leads to re-depositing the money on the online casino and playing with it again. I've seen people doing that, it happened even to me and it's not a good feeling.
You're not the only one , that happens with me . After i get money and withdraw it i want to get more and leads be a greedy person and i lose my bet instantly that's bad habit and can't be tolerate it.

Hope this guy don't be a greedy person and keep the winnings in his wallet (maybe he can buy something he wants)


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: RocketSingh on November 09, 2016, 10:41:21 AM
It is really an amazing thing to see those people who are winning big amount every time they will gamble. And this 0% house edge by bitcoinbetting.website is making them more popular
It is the only blockchain based provably fair bitcoin gambling game with 0% house edge. It was destined to happen.

and if this type of winning will be continuously happening, it's going to have two result: It's either they will get a lot of gamblers or they will be bankrupt. And I forget, Congrats to you buddy!
One BIG win is compensated by multiple small losses. Look at the board and u'll find why the chance of being bankrupt is negligibly small.


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: RealPhotoshoper on November 09, 2016, 11:12:13 AM
It is really an amazing thing to see those people who are winning big amount every time they will gamble. And this 0% house edge by bitcoinbetting.website is making them more popular
It is the only blockchain based provably fair bitcoin gambling game with 0% house edge. It was destined to happen.

and if this type of winning will be continuously happening, it's going to have two result: It's either they will get a lot of gamblers or they will be bankrupt. And I forget, Congrats to you buddy!
One BIG win is compensated by multiple small losses. Look at the board and u'll find why the chance of being bankrupt is negligibly small.
I have tried this game several times , but not yet have a luck ti win :( .
I might will try to guess 15 number / character at one transaction , is it possible btw?
I mean i will bet 1, 2 , 3 so on to 15 selection so i will lost 14 bet but get returned 16 times which means i won it right? Will it works?


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: dunfida on November 09, 2016, 01:08:49 PM
He is very lucky and congratulations to him. All of us just dream that we will be lucky also but never manifested :D  or if it did, just only a small amount. Sometime we just want to win big by betting low lol

We are always   aiming that  thing which  we  bet low and   win  high  which is  impossible  in any cost ,  if   possible you would really need  1000%  luck  in able to  win it.  Regarding  on  that  man  who  won  huge amount  i could really say that   hes  too lucky to convert  his  0.09 to 1.5 btc.  I could say  bitcoinbetting site  is  good  but  the  chances of winning  is only 6.25% just as expected  payouts  would really high.
One can increase his winning chance by doing a trade off with expected payout and it seems this winner actually did that. U think that this guy has won huge amount with 6.25%, is because u r looking at only one bet. But, if u look at the whole board, it seems like from 681 to 692, all bets are his. So, in reality, he played with 6.25*(692-680) = 75% winning chance.

All u need to do is place multiple bets on multiple options.

Im thinking that  method too that  he  probably  used  it  because  these  would really   increase the chance of winning but   you would  need huge bankroll and also  that method  do  have still risk  on  lossing  all that  money.  Using  that  method would  do and  i saw  it that  all those  betting  are belong  to  him. Thanks for  clarifying  i didnt  see  that thing and i assumed only on  one bet. :)


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: MafiaCoin on November 09, 2016, 01:30:52 PM
16x win with 0% house edge is amazing... ::)

Chance of winnings is 1/16= 6.25%
Need will be lucky for wins!
I will try soon :)



Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: Albert Hamilton on November 09, 2016, 11:44:35 PM
I might will try to guess 15 number / character at one transaction , is it possible btw?
According to their FAQ...

Quote
3. Can I generate multiple addresses and send bitcoins to them in a single transaction?

No. Only the amount sent to the first address generated will be considered as bet and all other amounts sent in that transaction will be considered as donation.

So, u can not place bets in one Tx to multiple addresses, but can send multiple Tx to multiple addresses.


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: MarbleBoss on November 17, 2016, 10:52:41 AM
16x win with 0% house edge is amazing... ::)
Chance of winnings is 1/16= 6.25%
Need will be lucky for wins!
I will try soon :)
Chance of winning is what u decide. If u bet on 15 different options in a single block, your chance of winning will be 6.25*15 = 93.75%


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: acroman08 on November 17, 2016, 11:15:00 AM
That's a pretty nice win. But, would really need a huge bankroll to increase win chance.
I wonder how many times he placed multiple bets and at what amount before he got that win.

I would certainly like to try but well, I'd really need a big enough bankroll.

Anyway, nice win!



Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: Golftech on November 17, 2016, 11:19:43 AM
Well congrats mate for winning that huge amount as others said its really a big luck to win that amount since its just a new game into my knowledge i will try to look for it see if how the game works and if im also lucky like him.


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: RocketSingh on November 18, 2016, 11:28:31 AM
That's a pretty nice win. But, would really need a huge bankroll to increase win chance.
I wonder how many times he placed multiple bets and at what amount before he got that win.

I would certainly like to try but well, I'd really need a big enough bankroll.

Anyway, nice win!
U really dont need a BIG bankroll to win at www.bitcoinbetting.website. Instead, u need a good strategy and disciplined play. In a previous post I explained how this player won 1.5968 BTC...

One can increase his winning chance by doing a trade off with expected payout and it seems this winner actually did that. U think that this guy has won huge amount with 6.25%, is because u r looking at only one bet. But, if u look at the whole board, it seems like from 681 to 692, all bets are his. So, in reality, he played with 6.25*(692-680) = 75% winning chance.

All u need to do is place multiple bets on multiple options.


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: NorrisK on November 18, 2016, 11:37:45 AM
It is nice to see a win like this but most likely there have also been a lot of losing bets before and after that one.

Don't get too hyped when you see wins like this, it is not likely to happen to you.


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: RocketSingh on November 20, 2016, 06:40:27 PM
It is nice to see a win like this but most likely there have also been a lot of losing bets before and after that one.
True. And there were as I explained to another guy thinking this win as sheer luck...

One can increase his winning chance by doing a trade off with expected payout and it seems this winner actually did that. U think that this guy has won huge amount with 6.25%, is because u r looking at only one bet. But, if u look at the whole board, it seems like from 681 to 692, all bets are his. So, in reality, he played with 6.25*(692-680) = 75% winning chance.

All u need to do is place multiple bets on multiple options.


Don't get too hyped when you see wins like this, it is not likely to happen to you.
True again. That's why I said the following...

Control is another name of Gamble. ;)


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: audaciousbeing on November 21, 2016, 05:36:55 PM
And I want to believe that the person you are referring to is yourself but what I would ask is to what end? To show us you can win? to show us we can also win on that site thereby promoting the site? I will go for the latter but how will the site makes its own income if its having 0% house edge? or the site is just meant winning? Please satisfy my curiosity.


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: Blitzboy on November 21, 2016, 05:42:24 PM
16x times on winning. This guy must be very very lucky. Imagine if he put about 1 bitcoin there, he will collect 16 bitcoin after guessing correct last digit of last digit of the block hash that includes his transaction. Congrats, whoever you are. i think would try this site :) it seems legit to me


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: LFC_Bitcoin on November 21, 2016, 06:54:40 PM
Very nice win detailed in the OP, I've seen a lot bigger before though. Still, congrats to whoever pulled in the big win  ;D


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: dollarbill$44 on November 22, 2016, 01:15:46 PM
Nice!!!


Title: Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
Post by: Jimmy Wales on November 24, 2016, 03:59:39 PM
And I want to believe that the person you are referring to is yourself but what I would ask is to what end? To show us you can win? to show us we can also win on that site thereby promoting the site?
Nopes. I'm NOT the winner. I'm kinda excited about this 0% house edge thing and closely tracking progress of the site. So, if there is a BIG winning there, I let the community know.

I will go for the latter but how will the site makes its own income if its having 0% house edge? or the site is just meant winning? Please satisfy my curiosity.
House edge is merely a probabilistic figure. It is NOT site commission. 0% house edge means both u & house has equal winning probability in the long run. But, as bankroll of the house is in general bigger than an individual player, they manage to keep the bank rolling in the long run and hence make profit. Hopefully, I've been able to satisfy your curiosity. :)