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Title: Dear Newbies, DONT BET Post by: nahtnam on November 23, 2013, 03:29:53 AM I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks!
Title: Re: Dear Newbies, DONT BET Post by: lindatess on November 23, 2013, 03:44:57 AM I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks! Where were you betting? I'll take freebitco.in's multiply 2x as an example, since you don't really lose money there. It's only fictional money. You can win lots at first, but on average for every amount you bet, you will lose 5% on average. This is because there is a 500 house edge on the whole 10000 range which you can spin. It's 5% of your total bet. Not everyone would have been lucky enough to earn $900 and then lose it. You are very lucky indeed. Most people would just lose more and more as they bet more. I hope you are playing with provably fair games. Either way, provably fair is fair in that it is transparent but it's not "fair as in 50/50 chance" of winning. This is just an example, the odds will usually be provided when you log onto the gambling website. Title: Re: Dear Newbies, DONT BET Post by: nahtnam on November 23, 2013, 03:47:02 AM I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks! Where were you betting? I'll take freebitco.in's multiply 2x as an example, since you don't really lose money there. It's only fictional money. You can win lots at first, but on average for every amount you bet, you will lose 5% on average. This is because there is a 500 house edge on the whole 10000 range which you can spin. Not everyone would have been lucky enough to earn $900 and then lose it. You are very lucky indeed. Most people would just lose more and more as they bet more. It's 5% of your total bet. I hope you are playing with provably fair games. Either way, provably fair is fair in that it is transparent but it's not "fair as in 50/50 chance" of winning. This is just an example, the odds will usually be provided when you log onto the gambling website. I bet on JD. The point of this post was to tell everyone that betting was addicting, and you will play until you lose a great sum. Then you will realize what betting is. I am trying to save people from this fate that I have reached. Title: Re: Dear Newbies, DONT BET Post by: beetcoin on November 23, 2013, 04:00:53 AM people won't listen, so there's not much of a point in telling them. they're gonna do what they want to do.
i usually don't bet.. only when i feel the odds are stacked in my favor would i do it. if i had bet on anything recently, it would have been on obama's win over romney. Title: Re: Dear Newbies, DONT BET Post by: nahtnam on November 23, 2013, 04:01:44 AM people won't listen, so there's not much of a point in telling them. they're gonna do what they want to do. And thats what going to get them screwed. I am trying to stop people from losing! Title: Re: Dear Newbies, DONT BET Post by: KieranJones1 on November 23, 2013, 04:12:58 AM I know my "winnings" are nothing like as good as yours (.5 BTC at my peak), I feel like I should second your advice. Even people with a policy of "withdrawing their BTC every 5mbtc" are prone to occasionally losing their cool on an unlucky streak and betting more than they can afford. Don't forget BTC *is* money, not just a representation of your US dollars.
Title: Re: Dear Newbies, DONT BET Post by: monbux on November 23, 2013, 04:14:27 AM I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks! lol, nahtnam, you're the newbie now :P Just-dice really draws in the bitcoin lovers, until we lose it all. I've lost more than 4 BTC there, which is kinda sad considering that's now over $3000 USD. Quote I am trying to stop people from losing! Tell them to kill themselves then, because in life, you lose.Title: Re: Dear Newbies, DONT BET Post by: nahtnam on November 23, 2013, 04:19:35 AM I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks! lol, nahtnam, you're the newbie now :P Just-dice really draws in the bitcoin lovers, until we lose it all. I've lost more than 4 BTC there, which is kinda sad considering that's now over $3000 USD. Quote I am trying to stop people from losing! Tell them to kill themselves then, because in life, you lose.Yeah well I value bitcoin much more. I hope I can make it all back. Since its thanksgiving break (1 week of no school), I am going to aim for 2000 posts! Title: Re: Dear Newbies, DONT BET Post by: omega33 on November 23, 2013, 04:30:13 AM betting is almost impossible to win money in the long run
sure you can win some money now but in the end you will most likely lose everything Title: Re: Dear Newbies, DONT BET Post by: nahtnam on November 23, 2013, 04:31:12 AM betting is almost impossible to win money in the long run sure you can win some money now but in the end you will most likely lose everything Yep. Great you have learnt this (hopefully without losing anything). Title: Re: Dear Newbies, DONT BET Post by: omega33 on November 23, 2013, 04:36:50 AM betting is almost impossible to win money in the long run sure you can win some money now but in the end you will most likely lose everything Yep. Great you have learnt this (hopefully without losing anything). nowadays I only bet from the free bitcoins given here Title: Re: Dear Newbies, DONT BET Post by: nahtnam on November 23, 2013, 04:37:49 AM betting is almost impossible to win money in the long run sure you can win some money now but in the end you will most likely lose everything Yep. Great you have learnt this (hopefully without losing anything). nowadays I only bet from the free bitcoins given here Well thats what I did, except with EXTREME HIGH AMOUNT. I feel like crying. Hopefully I can slowly make it back. Note that I am only 14 and getting my own mac was pretty much my dream. Title: Re: Dear Newbies, DONT BET Post by: Sindelar1938 on November 23, 2013, 04:45:17 AM This is really valuable advice
I can only urge folks new to btc to heed it Title: Re: Dear Newbies, DONT BET Post by: markjamrobin on November 23, 2013, 04:48:27 AM I would disagree; it really depends on your self-control. I bet on sports every day, but do so in moderation, and enjoy it. If you start betting more than you should, then it becomes a problem.
Title: Re: Dear Newbies, DONT BET Post by: Zakryze on November 23, 2013, 04:50:39 AM haha everybody in here (including myself) has a gambling signature. SO PLEASE DONT GAMBLE AMIRIGHT?
Title: Re: Dear Newbies, DONT BET Post by: addy4u on November 23, 2013, 04:51:13 AM Never get greedy :D when u win some good amount just withdraw it 8)
Title: Re: Dear Newbies, DONT BET Post by: nahtnam on November 23, 2013, 04:52:41 AM haha everybody in here (including myself) has a gambling signature. SO PLEASE DONT GAMBLE AMIRIGHT? Thats to make up what we lost :D Title: Re: Dear Newbies, DONT BET Post by: markjamrobin on November 23, 2013, 04:53:56 AM haha everybody in here (including myself) has a gambling signature. SO PLEASE DONT GAMBLE AMIRIGHT? Oh wow, the irony :D I didn't even notice. I never cared for dice, because with that, you can't overcome the percentage in the long term. With sports on the other hand, overcoming ~3% is quite possible, if you are good. Title: Re: Dear Newbies, DONT BET Post by: markjamrobin on November 23, 2013, 04:54:11 AM haha everybody in here (including myself) has a gambling signature. SO PLEASE DONT GAMBLE AMIRIGHT? Thats to make up what we lost :D Or support an addiction :D Title: Re: Dear Newbies, DONT BET Post by: nahtnam on November 23, 2013, 04:58:02 AM haha everybody in here (including myself) has a gambling signature. SO PLEASE DONT GAMBLE AMIRIGHT? Thats to make up what we lost :D Or support an addiction :D An addiction that hopefully no one gets (and that I have lost)! Title: Re: Dear Newbies, DONT BET Post by: combo on November 23, 2013, 05:07:40 AM I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks! nice story that will happen any-day, it's what you gets out of it that really matters.I might suggest next time you can donate some after a winning row that might stop you when it's really needed. you can donate to me next time. :) Title: Re: Dear Newbies, DONT BET Post by: HFPowerful on November 23, 2013, 08:08:04 AM What can you expect? That's how gambling works, you win then you start losing and lose it all. Nobody ever wins these types of things in the long term, if you make some money cash out and forget about it.
Title: Re: Dear Newbies, DONT BET Post by: MAbtc on November 23, 2013, 09:18:31 AM No dice for me. I stick to poker and the occasional sports bet. Things I have some knowledge of and control over.
Title: Re: Dear Newbies, DONT BET Post by: marcotheminer on November 23, 2013, 10:13:46 AM Thats what happens to most of us! Time to hard earn it back dude!
Title: Re: Dear Newbies, DONT BET Post by: faiza1990 on November 23, 2013, 11:31:36 AM No dice for me. I stick to poker and the occasional sports bet. Things I have some knowledge of and control over. its better playing some time you can manage this but going to addict this is very harsh and bringing very bad results for all Title: Re: Dear Newbies, DONT BET Post by: oxideNL on November 23, 2013, 11:32:36 AM I don't bet. but investing in the house bankroll can be profitable!
Just dump a small amount on just-dice as investment. Forget about it and check after a couple of months Title: Re: Dear Newbies, DONT BET Post by: johnsmoth666 on November 23, 2013, 11:49:40 AM Hello, I'm new to BTC (just started a day ago) and i tried a few gambling sites. So far i haven't lost or won much, but I noticed the more I wager the higher chance I have of losing. Are most gambling sites fixed, or is it completely random? Also, which sites are the best and most legitimate?
Title: Re: Dear Newbies, DONT BET Post by: omega33 on November 23, 2013, 12:15:18 PM for me sport betting is the most entertaining to bet
as you can support your favourite team and bet for excitement at the same time Title: Re: Dear Newbies, DONT BET Post by: Kaligulax on November 23, 2013, 12:28:01 PM dont bet... put some a small summ of bitcoins here... 1FxCUCAij9FT9fXQSqYHHMiaELhRTAhui6
Thanks Title: Re: Dear Newbies, DONT BET Post by: lindeanin on November 23, 2013, 01:15:57 PM Hello, I'm new to BTC (just started a day ago) and i tried a few gambling sites. So far i haven't lost or won much, but I noticed the more I wager the higher chance I have of losing. Are most gambling sites fixed, or is it completely random? Also, which sites are the best and most legitimate? Most are provably fair sites. Bad luck or the more you wager and loose the more you are suspicious something is not right Title: Re: Dear Newbies, DONT BET Post by: poolu on November 23, 2013, 01:24:40 PM I only bet from the free bitcoins given too.
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