Bitcoin Forum

Economy => Gambling => Topic started by: Remember remember the 5th of November on July 27, 2013, 06:55:46 PM



Title: Your highest loss streak?
Post by: Remember remember the 5th of November on July 27, 2013, 06:55:46 PM
I just wanted to get some feedback on the highest loss streak you've had on coinroll.it on ~50%. I wrote a small application that told me that using the martingale system and a balance of 0.40 and bet of 0.00001BTC I am fine for 14 losses, and hoping that the 15th bet will be a winning one, which isn't guaranteed.


Title: Re: Your highest loss streak?
Post by: Mooshire on July 27, 2013, 07:01:39 PM
I've had at least 10 losses before, which killed me.


Title: Re: Your highest loss streak?
Post by: Remember remember the 5th of November on July 27, 2013, 07:03:30 PM
I've personally had...either 13 or 14 CONSECUTIVE losses on coinroll.it


Title: Re: Your highest loss streak?
Post by: coinprize on July 27, 2013, 07:13:15 PM
I had 21 consecutive loss on satoshidice before. I'm bad gambler.


Title: Re: Your highest loss streak?
Post by: Remember remember the 5th of November on July 27, 2013, 07:30:43 PM
I had 21 consecutive loss on satoshidice before. I'm bad gambler.
On the same number or different? I am talking about specifically playing a single number where you have X consecutive losses.


Title: Re: Your highest loss streak?
Post by: Mooshire on July 27, 2013, 07:34:11 PM
It could have been on low chances


Title: Re: Your highest loss streak?
Post by: vlees on July 27, 2013, 09:54:56 PM
On JD on 49.50% I had 24 consecutive losses once.


Title: Re: Your highest loss streak?
Post by: Remember remember the 5th of November on July 27, 2013, 11:45:02 PM
On JD on 49.50% I had 24 consecutive losses once.
Playing only lo or hi? Alternating between both means higher chance of losing depending on your luck.


Title: Re: Your highest loss streak?
Post by: vlees on July 28, 2013, 12:36:58 PM
On JD on 49.50% I had 24 consecutive losses once.
Playing only lo or hi? Alternating between both means higher chance of losing depending on your luck.

1. Only lo.
2. Classic case of gambler's fallacy. Your losing streak is unrelated to switching between hi/lo.


Title: Re: Your highest loss streak?
Post by: digit on July 28, 2013, 01:00:15 PM
16 on some site i never went back to, it was too brutal a beating for me :D


Title: Re: Your highest loss streak?
Post by: naphto on July 28, 2013, 01:02:23 PM
martingale is not a safe way of gambling ... You will always lost everything. You should just try your luck normally and hope :)


Title: Re: Your highest loss streak?
Post by: shark313 on July 28, 2013, 08:28:05 PM
8 spins in a row on satcircle on the x2 wheel


Title: Re: Your highest loss streak?
Post by: Boelens on July 28, 2013, 09:39:46 PM
Hm, around 10 I think. The first time I got my free bonus there I got to 0.1BTC and withdrew =P


Title: Re: Your highest loss streak?
Post by: digit on July 28, 2013, 09:59:16 PM
martingale is not a safe way of gambling ... You will always lost everything. You should just try your luck normally and hope :)

 :-\
can any strategy be considered safe, only the amounts that people risk. 
a loss on a safer bet is the same as a loss on riskier bet :|


Title: Re: Your highest loss streak?
Post by: Zaih on July 28, 2013, 10:06:18 PM
9 in a row on PD when I first started gambling


Title: Re: Your highest loss streak?
Post by: Dabs on July 29, 2013, 07:18:22 AM
Not on coinroll, but I lost 6 in a row on 87.7779%, on JD, after about 842,000 rolls. I'm expecting to lose another 6 times in a row in about half the number of rolls now.


Title: Re: Your highest loss streak?
Post by: BripleRipple on July 29, 2013, 05:18:03 PM
Just- dice:   
  1 time 15 reds @ 49.5
  6 times  13 greens @ 49.5
  statistically correct due to number of rolls.  (using streak calculator)

Coinroll.it  and Prime Dice
     11 to  17 reds  too many times to count.   Seems to occur often.


Title: Re: Your highest loss streak?
Post by: Mooshire on July 30, 2013, 02:44:31 AM
My biggest loss streak is pretty much whenever I gamble lol.


Title: Re: Your highest loss streak?
Post by: cp1 on July 30, 2013, 02:47:34 AM
Martingale, for those who are bad at math.


Title: Re: Your highest loss streak?
Post by: Mooshire on July 30, 2013, 02:49:10 AM
Martingale, for those who are bad at math.

You don't understand how true this is, lol.


Title: Re: Your highest loss streak?
Post by: Remember remember the 5th of November on August 06, 2013, 03:20:11 PM
Bumping this thread to tell you guys I just had my first ever 16 loss streak and from 0.55 ended up with 0.13 and I am down at 0.37+0.08=0.45 LOSS at coinroll.it.....


Title: Re: Your highest loss streak?
Post by: Dabs on August 11, 2013, 06:42:40 AM
Not on coinroll, but I lost 6 in a row on 87.7779%, on JD, after about 842,000 rolls. I'm expecting to lose another 6 times in a row in about half the number of rolls now.

I'm quoting myself, but my expectation came true, about 2 weeks ago. I lost another 6 times in a row. I made a post about it in the JD thread and people are going nuts over the discussion, not just about the sequence, but that I was "selling" the 7th bet. (which I have not yet done.)