Bitcoin Forum

Economy => Gambling => Topic started by: ndnh on February 24, 2015, 07:22:47 AM



Title: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: ndnh on February 24, 2015, 07:22:47 AM
Concept testing. ;)

If you got a losing streak in a dice site and you are sad about it, Don't Worry! You can sell the account and make money! with this brand new exchange. :D


Interested users can buy or sell their accounts here.

All the following conditions must be satisfied for an account to be bought:
1. The said account must be in a reputed dice site.
Eg. Bitdice.me, PrimeDice, Just-Dice, etc.

2. The probability of such a streak should be less than 0.0075%.
(that is more than 13 losses at 50% chance, etc.)

3. The losing streak must have a minimum of 7 losses in a row. Any odds.

4. No bets should be made after the losing streak

5. Server seed and Client seed should not be changed.

6. The bets should be same sided.

7. Any other terms that may be added here.


Price may be as low as 0.001BTC to as high as 0.1BTC ;)


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: ndnh on February 24, 2015, 07:26:20 AM
Reserved.

Buyers and Sellers.



The seller advantage:
Cash out on losing streaks like never before!

The buyer advantage:
Easily make a profit, since, you don't have to start from the seller's bet.
That is if a seller losing streak starts from 0.001BTC and ends in 1BTC, the buyer may start from 0.02BTC etc. instead.


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: jonte on February 24, 2015, 07:26:25 AM
http://en.wikipedia.org/wiki/Gambler%27s_fallacy

Your logic is flawed.


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: ndnh on February 24, 2015, 07:30:17 AM
http://en.wikipedia.org/wiki/Gambler%27s_fallacy

Your logic is flawed.

Yeah, I know that. :)

But, come on, hi and lo should even out gradually (I don't mean exactly or anything)... ;)

http://upload.wikimedia.org/wikipedia/commons/4/49/Lawoflargenumbersanimation2.gif


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: jonte on February 24, 2015, 07:37:22 AM
But, come on, hi and lo should even out gradually

The irony burns.


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: ndnh on February 24, 2015, 07:39:35 AM
But, come on, hi and lo should even out gradually

The irony burns.

It was intended. ;)


If you think logically, don't gamble.

Why would a person of an exceptional sense of logic, scroll through the threads of gambling section? ;)
Gambling means negative EV..:D


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: bensam12345 on February 24, 2015, 08:06:01 AM
hi,

i have 25 loss streak on primedice at 4x multiplier

i lost 0.15 btc in the account

what is your price?


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: ndnh on February 24, 2015, 08:07:49 AM
hi,

i have 25 loss streak on primedice at 4x multiplier

i lost 0.15 btc in the account

what is your price?

Was the bets same sided that is you didn't switch bets?
Does it satisfy all conditions mentioned in OP?

Can  you take a snapshot and post please?

Edit: I don't think the probability is less than 0.0075%


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: boopy265420 on February 24, 2015, 08:40:38 AM
It is very interesting will use this exchange in future at least we have something where to recover little bit.


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: nikona on February 24, 2015, 01:20:30 PM
It is very interesting will use this exchange in future at least we have something where to recover little bit.

Yeah sounds like a good idea..I might try it sometime.


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: bitjamz on February 24, 2015, 01:23:31 PM
i have 15 loss streak account at 49.50 same sided but i dont sell it. i can only do 10% of the win.


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: ndnh on February 24, 2015, 03:43:34 PM
i have 15 loss streak account at 49.50 same sided but i dont sell it. i can only do 10% of the win.

What do you mean by 10% of the win?

If I bet 10 satoshis with that account and win, I have to give you 1 satoshi?
What if I lost?


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: bitjamz on February 25, 2015, 03:47:34 PM
i have 15 loss streak account at 49.50 same sided but i dont sell it. i can only do 10% of the win.

What do you mean by 10% of the win?

If I bet 10 satoshis with that account and win, I have to give you 1 satoshi?
What if I lost?

yep exactly and if you lost i will take nothing


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: activebiz on February 25, 2015, 04:05:10 PM
I've got a few accounts with 7loss streak on 89% win chance. how much can I get for them.


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: ndnh on February 25, 2015, 04:43:23 PM
i have 15 loss streak account at 49.50 same sided but i dont sell it. i can only do 10% of the win.

What do you mean by 10% of the win?

If I bet 10 satoshis with that account and win, I have to give you 1 satoshi?
What if I lost?

yep exactly and if you lost i will take nothing

I've got a few accounts with 7loss streak on 89% win chance. how much can I get for them.

Post a snapshot please ;)



Any interested buyers for these accounts?

Start bidding!


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: Pbitcoin on March 10, 2015, 03:05:37 AM
anything for 999dice account ?? huh !!


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: cramved on March 10, 2015, 03:13:29 AM
This makes no sense, if you have a loss streak that doesn't make it anymore likely to win on your next bet it has the same odds as any other bet.


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: yahoo62278 on March 10, 2015, 03:20:18 AM
why would i wanna sell my account on PD that has over 40btc wagered and half the achievements for a max of .1? i think if this is legit they should think about restructuring their buyouts. only desperate gamblers would want this deal


Title: Re: [NEW] LOSS Streak Exchange Service - Check this out ;)
Post by: waterpile on March 10, 2015, 03:34:40 AM
anything for 999dice account ?? huh !!


he said account must be in a reputed dice site. I don't think 999dice is a reputable site and people accusing the site that the rolls can be manipulated.