Bitcoin Forum

We had http://www.Just-dice.com user "nakowa" just in the site and he won a little over 500BTC!

While not the first time he has won big here.. It is always amazing to see 200BTC bets fired off!

Everyone should come in and check it out. Site is well maintained and operated by the respectable "dooglus" here on the forums!

 

He played 3 times today, and each time ended up winning another 500 BTC.

Here's a chart of the overall profit for the site over time.  You can see the 3 roughly equal steps down:

https://i.imgur.com/IiYS17n.png

Each time he lost a bunch then won it back and more.

So sus it's not funny lol

Isn't this an alt of towtoad lol?  "Interesting" to say the least.

It is indeed towtoad. He seems to have a horseshoe or something along those lines..

He was cranking off 200BTC bets like they were gravy on potatoes!

What odds does he play?

He plays 49.5% in a martingale fashion for the most part..

Although he resets his rolls on random.. Not sure if its a strategy or just plain dumb luck to be honest.

Wow... he erase the profit if continue... or he bust

Well statistically he should eventually lose, although according to him he's found a way to keep on winning (which should be impossible). It's much more likely he's just had a crap ton of luck and eventually it'll go against him.

if he's still winning after 15000  of over 100BTC bets, I'd be surprised.
(15000 is about as much as you need on a 1% house edge to be at least 95% sure that the house is winning)

Before it's just "luck". AFAIU for now he hasn't made more than 3000 of those big bets, probably less.

I was wondering then why JD has failed to achieve 1% hold having now taken 133m bets totalling 1.1m bitcoins.

Is this the same user who won over 2.5kBTC last night?  :o

Around $340,000, crazy money. Best of luck to him/her (as long as these are legit wins, got no reason to think otherwise)

http://www.dailydot.com/news/biggest-bitcoin-win-gambling-history-nakowa/

Up 11K BTC  ;D

That was a good article thanks!  As a JD "investor" it sucks to lose btc that I will have a hard time replacing, but it is amazing to watch the guy in action.

Today "cake" won over 5,000 btc

hm.  This guy has it lucky,  But the house always wins, in the very end.  I'm pretty sure he'll lose it all sometime :P

Here's a chart showing the site's profits over time today while he was playing.  This is his biggest hit on the site yet:

https://i.imgur.com/3fAaqUL.png

He lost almost 4000 BTC before winning it all back and almost 5000 BTC more.

He'll lose all of it eventually :P

haha wow, unreal..

I cannot even imagine having that much money, much less to gamble with.

Considering a pizza was once sold for 10,000BTC, your perspective of 'that much money' may be completely different if you started mining in 2010.  We don't know if Nakowa is playing with BTC that were acquired when each cost $1, or $100. 

One thing is for sure.  Gamblers rarely know when to quit and it's quite likely all those winnings and more will be returning to Just Dice in due course.

this is fascinating. I imagine he's some kind of bored oil mogul who just decided to put a million bucks into btc and play around with all of the gambling sites.

 I don't care if he got 10.000 for just 1 penny , it worths a lot more now and thats what it counts.

 So you spent a penny on something , that doesn't mean it worths a penny now? You are still playing with thousands of dollars , how much you paid for them doesnt change that fact , he might lose 300 thousand dollars with one bad swing , or he could buy a house for that kind of money , so thats the power of bitcoin right now , making people careless with their coins :D

Have any of you ever thought that this is nothing but propaganda by Just-Dice to reel in more gamblers and to get people to bet larger bets? 

I mean, it's working, I have never visited a gambling site, yet here I am, reading about it now and tempted to bet a few BTC.

This has scheme written all over it.  Russian or Chinese scheme.  Cause this is exactly what I would do if I had such a site.

That is indeed the power of bitcoin.  We can only speculate about the gambler's origins and what the money means to him or her, but betting 300btc in one go is betting more money than 99% of the world's population makes in a month.  Unless Nakowa has found a way to exploit JD or Nakowa is a publicity stunt by JD, the player will lose their entire bankroll sooner or later.  The player's history has all the hallmarks of an action junky who cannot resist just... one... more ... spin.

300 BTC is more money than 99% make in a month?   Lol, 300 BTC is over $40,000.  That's more than 99% make in an entire quarter and more than 5+ billion people make in an entire year. 

This has scam written all over it.  It's Just-Dice propaganda written all over it. 

if he has a lot of coins, more than just-dice.com for example, then yes he could beat the house

Having lots of coins or placing larger bets means absolutely nothing - it does not alter the preset odds in any gambling game of chance.

Like all games of chance, the odds are preset and are always stacked against you.

What this means is that the longer you play the higher the odds you will lose.  Play long enough and the house will always win.

Mathematically this guy can't keep winning.  If he does then he is cheating or this is nothing more than a publicity stunt which is obviously working really well.

no, with a Martingale strategy or the like, you can be longer irrational but successful than the house may stay solvent. That's why casinos have limits.

Wow great to hear someone making so much

I recall somewhere that Nakowa was into bitcoin 2011, so early adopter.