Bitcoin Forum

hi, why a gambling site, the more i bet higher the possibility of the loss bigger.
till my balance is not sufficient anymore to bett again :) I often have it . whether other gambling sites are also the same, apply it as it also ??? ???

If you are playing a provably fair site which checks out then you just have bad luck betting bigger amounts. It happens! In poker when I have played bigger games than I usually would I would get unlucky more than usual a hella lot not because it was rigged just the ways of the universe and law of averages going against you. Unfortunately when you want it to be working with you lol It just shows you to not bet the higher amounts.

whether a play gambling only need luck? if such 0% hope we will win at a gambling site >:(

It is probably just your feeling because you probably do much less higher bets than lower bets, a losing streak during higher bets is than felt much harder.
Just keep going with high bets (if it is provably fair as said before here), and it should correct back to the house edge.

You should compare equal bets in a strike of 10 bets.
F.e. 10 low bets, vs 10 low bets. Asses the same risk level and you will find out the risk is the same or almost even.

I find it hard to understand what you are trying to say. A massive part of gambling is luck for most that is all it is and that is why it is called gambling, risk taking. Everyone who gambles "hopes they will win" hoping something will not make it reality though will it? My point is. Bet smaller and just play to have fun if you keep losing at higher stakes or don't play at all and save your funds.

you are correct playing gambling is purely luck and who is living for luck means he will just ruin his life, play according to the value you can lose that should not affect you, first first you will win on small , when you start betting big you will start lossing and for covering that loss you lose more and like this in the end you will be ended zero.

If the site is legit I don't see any reason why that happens other than God hates you hehe! Try another casino or game maybe?

Which site are you talking about? If you are playing on a fixed house edge site (eg PD), it should not be the case. If you are playing on a variable house edge site (eg Safedice), it would be normal but the actual win chance of each of your bets should be shown to you clearly beforehand.

if OP was trying to martingale i think this strategy does not working any longer for certain sites because i was already did it several times and i lost all my balance with very fast

Once you start losing, you should know when to stop and take a break and not keep on playing.
I think your losses also depends on what site you are playing on.

There is no difference in the winning chance regardless in the amount you bet. When you bet small, at least you can use martingale and win back with bigger bets. When you bet big, there is a very high chance you will bust all your capital when trying to win back your previous losses. Therefore, there is a high chance with bigger loss when you bet big.

That's a healthy approach IMO. Before starting gambling you should always think that way. So you can deposit $5 or $10, whatever you can afford to lose, and have fun gambling untill you lose all your balance. Then you might even win sometime, but you should never count on it.

this kind of situation is normal in gambling even when your
betting in low amount. betting bigger amount doesn`t affect
the chances of winning. its just that you are having a bad luck
or you can try betting lower so wont lose quickly.

After a couple of rounds of losing you should take it easy and try not to get your money back as quickly as possible.
You could lower your bets and try to raise that amount up again. Sometimes it takes time to win some.

When a site says that it's probability fair, doesn't this mean you are playing at 50/50? Like 50% possibilities to win and 50% possibilities to lose? I think this is real probable fair, everything else is just bullshit, it's not fair even if it's 0.1+ in favor of the house.

you gable for fun then you are not amused by that issues soo you try to correct into other casino

when you are playing in a repu site which has provably fair system the odds won't change , it's still the same
I have survived many all in when I played dice using martinagle , but usually you don't remember these wins cause it's a part of the strategy right !! :)
but when we are talking about losing bets , everyone of us remember how he busted his money going all in , this maybe why you think that you lose a lot when you bet big , but as I said in general the odds of winning 1 bitcoin by betting 1 bitcoin is the same when you win 1 satoshi betting 1 satoshi

It seems like that to you because you pay more attention when betting bigger amounts, unless the site isnt provably fair. Sites like that cannot change the betting-win-probability dependig on the amount bet.

No I think you are confusing it with Provably Fair, the house edge is different and most have a house edge, some very low but they have it. Provably Fair is that you can verify the play beforehand and after you bet so there's nothing shady going on.

Exactly. What you should look at is the house edge of the game. For example, for bitcoin dice games, most of the sites have a house edge of 1%, and it means the site is expected to take 1% of your wagered on the average in the probability sense.

Yeah if you bet the same thing over and over like just around 10 dollars then you will lose the money at the end.
I have heard when you bet more like 50 dollars you have a high chances that you will win some, but still lose.

Its because you are doing it wrong! Instead of depositing with very high amounts at first, try betting with smaller amounts and see how the game works.Even though the rolls or spins are completely random you can still study a sort of patters.
Here's how I do it:
First play any game with smaller bets ,like even free faucets would do.

Consider a simple dice game for example :
Assume I'm betting on high here
1st roll : Low win
2nd roll: Low win
3rd roll: Low win
Now 4th Roll I'm sure it WILL be more probability of HIGH win as there has already been 3 low's so I'll take a risk and put more money this time in the game (by more money i meant what I can afford to lose).
Works for me ,not every time but yeah obviously I carry out detailed analysis.

Hahhaha well that is a crazy method if you lose 3rd roll that you will be more lucky in the 4th roll.
Well maybe I am such a gambler so if I lose the 2nd roll I just stop.

by the way this won't change the odds , when you lose three rolls in a row the odds of winning the 4th roll will stay 49.5%
that way of thinking what makes people believe in martinagle , cause they think that after getting a big amount of highs they will get a low after that
dice will never remember what the previous roll was  ;)

Yeah that's true! But since we're gambling I tend to impose some behavior or pattern in the game which is completely stupid but it just gives me more confidence in betting rather then just lazily clicking the buttons.At the end of the day its all based on luck but its good to follow your own ideas and assumptions I reckon.

Because the owner is always win in the end no matter what happen even you reverse the world the owner always win...

I'm guessing you're using martingale as a system to bet on, which is bad because sooner or later you will get that losing streak and lose your balance.
You should know that the chances of you winning or losing have nothing to do with amount you're betting or the amount of bets you did,
if the site is provably fair that is, and you can easily check that out.

cheers

I think, your correct. Once one start playing dice games for longer time than they will realize that whether it is small or bigger bet they will surely lose the money. But if site is not probably fair than they can easily put some conditions like if any one bet certain amount than site should win, it is also possible. 

I think people even lost continuously 40+ rolls in dice games so I don't think these games are fair enough to believe them. So for what I know is, no one can make money from dice game except site owner. I just played some time for fun with free money from sites but surely they will win at the end for sure.

I don't see how "someone getting a long lost streak" would draw the conclusion that the game is not fair enough. Seriously, if you flip a fair 50/50 coin yourself, you won't expect to see "HTHTHTHTHT...", will you? Instead, long H streaks and long T streaks should appear naturally as you flip it millions of times. Plus, most of the dice sites are provably fair and players could (and should) verify the bets themselves.

yeah I experienced the same thing as you, when I try a small bet for fishing red betting always win, when I increase my bet and I lost. I do not know if this is just my feelings or the other :(

You just notice it more when you bet a larger amount. The smaller ones don't hurt as much so less noticeable by you when you are on a streak or in other words not a winning streak.
Just bet small then if you win bet +1 on top of that or if you lose -1. For betting larger amounts so to win, is to bet in increments, that is the key to successful winning on increasing amounts. Not going all in in or betting half your bank in one shot. That is just carelessness.

i think it is more just of a feeling or so. i also try to play with firends on poker which i always win but when we talk about money, end up i lose. so it is mainly a feeling. i do win but most of the time i end up losing.

If you are upset about the amount of a losing bet(s), then you are betting too much, my friend.

This is just some luck. Dont really apply it for me though. I dont really think that there have this kind of things in every site because things like this will never exist in gambling. All gambling things are based on luck so whether you win on small and lose on big bet. Just try to always do small betting you will suffer much loss too if you are playing it too long

but not only in the dice game I experienced the same thing. I ever played casino like head n tails, when I choose 3x head appearing always tails and vice versa. I felt like there was fraud

When you start to lose you should have some kind of strategy to try to win next rounds. I find it with dice harder to come up with a strategy.
If you keep losing while playing the same game, you should try something else before you run out of funds.

True is the third round I will lose again I just stop like dice, but if it is roullete I can go on and on.
I don't know what but roullete is so much fun.

Why would you do this?
When you start to lose you should either lower your bets or take a break for a couple of minutes.
Increasing your bets while you're losing is just not logical.

For the addicted gamblers, it is indeed a very normal reaction. After they get some losses, they would make a bigger bet hoping to recoup their previous losses. Sometimes it works, and sometimes it doesn't and in extreme case the gamblers could lose all his savings and his house eventually.

Just yesterday I had 16 highs in a row betting with 49,5% winning chance. Just think bout it, SIXTEEN. Fortunately I lost only $3 because I was betting very small amounts, but still ... Guys, be careful with the martingale approach.

Yes, but this gamblers are the people who just can afford losing there money.
This is are the gamblers that they earn money every day with just gambling.

Well kinda. I would say some experience and bankroll discipline will help a lot in the long run. Over all though you will need luck and lots of it and be able to walk away with winnings and not get greedy and bet more and more do.

(which most cannot)

Like yourself they usually hope/wish to win more so thus bet more. Neither will work and more times than not make you go broke and the said casino more profit. If it comes and you win big then there is the chance of having to deal with addiction  :/

I might try this out and see if I get some success with it.
I agree with some people here saying that increasing your bets while you know you're losing, is not the smartest idea. I usually take a break or two when I start to lose.

I think most of the casinos are still surviving because they know some hidden things and finally they will make sure they will the winner so I never play these online games but I bet only in sports to avoid these house edge problems. Do not trust so easily any online casinos do you're background checks.

sometimes we are lucky on gambling but we don't withdraw the winnings, but most time we lost money than earning, so we wanna get the loss back, in the end we don't have good luck again and lost all of money, which is a tragedy, don't the best thing should be do not gambling if you are afraid losing money

In any kind of gambling either in online games or sports betting we should need a some luck to win money but luck will come only some times but gambler gamble every day so there winning chances are quite less compared to losing money. So they have more chances of losing money than making money in gambling.