Bitcoin Forum

Hi everyone.
Would like to tell you that I have been with lottocoin from the start, but the sad story is that the developers are working together with online casino makers in order to rip people off.
The lotwincasino that they advertise in their starting page is a complete SCAM and rip off, giving you 15 blacks in a raw when you put red so they can harvest as many lottocoins as possible.

The developer 'MrLotto' is saying that we only say these because we are upset that we 'lost money' in that casino (clearly supporting the casino) but in fact, out of the total of 14 million lottocoins I was playing maybe 100K but in many hundreds of games to figure out if it is really a scam or not. Thus I consider 100K lottocoin a very small amount and I do not regret losing it as I found out the truth about that casino, MrLotto and all this coin.

As of now I have sold every lottocoin I had and I advise everyone to do the same as mostly probably the next BIG GAMES they scream about coming in next week are rigged as much as lotwincasino, they just announce many things every week to pump the coin again.

This is only a pump and dump coin and many on the start thread are agreeing with that even if they have been supporting lottocoin from the start.
When they tried to make creative and supporting criticizing, they were sweared at, called that they spread FUD and so on.

As a matter of fact now I am banned from the thread, because they find me 'not supporting the coin' after I have thrown many megahashes at it with the intend to hold the coin for a long long time, maybe even one year plus, with no intention to pump and dump it immediately.

I wish them luck, but people holding lottocoins should know exactly what this coin is about and research more to see that the devs and the online casino owners are somehow related.
They have even bribed one guy to forge the poll results where lottocoin would be added in some important network payment. That guy was having multiple accounts in bitcointalk.org and clicking thru proxies the lottocoin radio button.

This is their way of 'raising' the coin which you can't see in many other coins. I think it is the most rigged coin of all and I advise everyone to get rid of it as probably it has no chance of survival in the future. If you are choosing to hold this, you are choosing to support this network of people that look only into their profit and you will probably not be able to profit. This coin is dubious and I would not trust it for the future.
I would rather keep my money into BTC than buying lottocoin.

Thanks for listening and I know that some other people will come to support me regarding this matter .. also you can read by yourself all the conversations in lottocoin starting thread to see that everything I say is true and they are just sketchy ...

Lottocoin is premined crap with no open book for premined !!! Careful where you put your valuable BTC !

http://en.wikipedia.org/wiki/Problem_gambling

Indeed.

It also goes on to say "The gambler's fallacy is the erroneous belief that a win in a game of pure chance is "due" after a string of losses."

:D

A place I part ways with some of the human race. Maybe having worked in a casino as a kid or watching markets forever or both. But how or why do people gamble against fixed odds against them and think they are not going to lose?

To me it is like jumping off bridge thinking you will fly. It's math dude. It isn't going to change for you.

Strange.

I'd be inclined to believe you.  But every time my wife and I go to a Casino, we'll both start with $500.  I'll come out with a cigarette and few cents with pocket lint on them at the end of the night, and she'll have like $2000.

Ha! Well don't get me wrong I totally believe in bad luck.

At least you married well.

Man .. I was explaining this before .. and mostly sure I know lots of math .. I have a mathematical background and also programming. I did not come here to complain why the hell I have lost my 100K lottocoins in that casino.
I did not play to win EITHER.
I only go to that casino to test it, to see if it is a scam or not.
Everyone that is saying that I have some kind of gambling addiction is a douche and they can go and die in hell. I have never had and I will never had a fucking gambling problem.

I was one of the big bag holders and wanted to see if what they use to advertise this coin is any good.
The result was that IT WAS NOT.

It is not a chain of losses that made me think it is rigged or that I was supposed to win.
I am not angry that I was NOT winning in fact .. and really you don't get it.
Having 15 times RED when you put on black .. and having that happening many cycles, THE MATHEMATICAL chance to happen in your first 100 consecutive games. If you say it is possible then PROVE IT ..

If not, you should try a 'free roulette game' in any online casino, that doesn't involve depositing money and see how you really give out that few percent that the roulette game is designed in order for the customer to lose.
Then try lotwin casino and see for yourself. There is not a feeling, but a CERTAINITY that it is rigged.

I am fucking angry that I was supporting the coin .. there were few voices telling that something is wrong but everyone was angry at those voices.. but I see now that those people were right !
They use a fucking rigged casino that they invested a lot of money into it's software .. and they NEED to get that money back as soon as possible from their customers.

I am angry also that they state on the casino page 1 % house edge .. that is NOT TRUE. The roulette has and the slots there have like 90 % house edge !!

Stop saying I have a gambling problem .. I am angry because of other things not because I lost 20 dollars and I was so much expecting to win. If you still insist with that then FUCK YOU, you are probably one of the developers.

Like i told u plenty of times Just because u dont Like 1 Casino Doesnt mean the Whole Coins is Bad
i Announced plenty of times that we Got loads of Games incoming this Month Including a Casino wich im 100% u would think is Fair
Just stay away From Lotwin if u Dont like it and wait for the Others Casinos

OP


 A casino is a scam by definition. It's why they have 6,000 rooms and free booze. Online casino, I don't even know what that means but...

never mind.

OMG!!!!


HAHAHHAHAHA so what your saying is... casinos are a scam?? ::)


WAKE THE FUCK UP DUDE!!???!?!?!?!?

here is my casino of choice!


http://www.betcoinpartners.com/c/3/295

give it a try, been on a 3 week winning streak, cant say that much for my roommate though! ha!

I played in a LOT casino with a friend for fun just with 3k LOT and i have to admit they seem really like a scam...some games are just ridiculously manipulated so that it has to be very unlucky how we have lost. :D

just my 2 LOTs

I am going to jump in here and say I agree with the OP regarding the casino since it is rigged worse than the national lottery.
The people saying that "of course you're supposed to lose its a casino!" probably have very little experience with them.
Whereas in a normal casino the house edge is usually less than 1%, in Lotwincasino the house edge feels more like 30%.
I live in LA and I go to Vegas all the time, and I have never seen my cash disappear as quickly as it did with Lotwincasino.
In a normal casino, you SLOWLY get whittled down over a long period of time, and there are many instances where you are ahead and can walk away with a win.
In Lotwincasino, you are NEVER ahead and you don't get whittled down, you get absolutely crushed with no chance to recuperate.
Couple that with declining Lottocoin prices and I'd have to question why anyone would want to associate themselves with this coin.
I'd be VERY wary of anyone that has Lotwincasino in their signature.

Complete and utter fud. I've won over 100k LOT from the casino and I wouldn't call myself a pro gambler.

The OP obviously has a gambling problem/addiction, get some help, making up lies about LOT will not help you or the crypto community.

op is right.

iv tested with about 500k of my own coins and few friends used 100k each.

We only play slots. not one time EVER were any of us up 1 coin. yes you get some "big wins" but you are NEVER ahead.

like others have said in real casinos you can play slots for hours and you either come out ahead or broke but at least it happens over time.

at lotwin your money goes down and goes down fast.

we all understand that casinos are designed to take money, BUT there are always some winners.

owner of the casino offered a bounty for people to post pics of wins. 2 pics were posted. 1 of the casino owner winning (lmao) and 1 other guy who was down 250k but won around 50k in a "big win"

people will say sore losers or whatever. this coin was made to be gambled and if there are no games you can actually win at your just mining them for the casino owners who are friends with mrlotto.

now mrlotto closed the original thread and opened a moderated one where people will never hear the truth. that in itself is so fucking shady

mrlotto chose the side of a pissed of casino owner who refused to even listen about things he could change to help.

In a unregulated environment Its up to the casino owner to prove its fair.

If I want to gamble .. for real, and if I am that addicted .. still why would I chose exactly that casino and also expect to earn from it ? Clearly you are one of the developers of this coin/casinos with an alternative account to counter the SO CALLED FUD, which is not FUD but telling Reality of this coin.
People should run away from it. It is not that I hate it .. it is that it is unstable and it has scamming developers (friends of scamming casinos).

Where is the open book of the premine ?

This guy is certainly more than right. I do not live in vegas and I have never stepped in a real casino ... but I played a little many years ago the 'free casinos' in the online casino, when they were starting, before year 2000. I still remember from then how a 'non rigged' should return. This one will kill you instantly same as a frog would die from a grenade put in it's mouth. THAT IS THE FEELING.
I do not deny any kind of gambling addiction. I know people that have gambling addiction though .. and really don't understand how they can't stop from gambling. My only addiction is mining with my farms .. they produce the equivalent of 1 mill lotocoin per day as of now ..

So Glad I sold all at 45 satoshi.
Do the same.

I thought I was banned from the thread, hehe .. did not bother to check much, it's just the same thing .. shady as hell !!!!! they are afraid that people will read the truths.
If one person will say something, they can call him crazy, like they did to C3ALL .. then they did to y3084 .. they also say the same about you BigNiggaTigga .. and also they are angry at me ...
Soon there will be more people realizing that.. and they will feel sorry. Hope now that their coin will go to 5 Satoshi and stay there for 10 years or just die in 10 days.

That is because of this shady behaviour. I am angry as I supported this coin at first. Even announced when I won a little sometimes in some of the websites. But this .. this is utter bullshit from the developer to moderate the thread. Controlling like that it is not good .. you don't let the people to voice the problem regarding this coin and the casinos involved that are hand in hand with the dev.



They can't prove it's fair .. because it's not fair.
They can though go in the back end of the casino and change that to 1 % .. but they are afraid someone might win big and they will be on a losing streak for one month which they can't afford.

He deleted both of our posts, what a scammer. Now the nazi dev is policing free speech on the self moderated Lottocoin thread and only leaving pumping posts.
At this rate, this thread will have more posts than the new Lottocoin thread. We should make a new thread and self moderate it too, then we can delete anyone saying misleading positive things.

You should do that. Keep all the village idiots in the same thread

More like keep the snake oil salesmen like yourself out. Thanks for the post and bump, now we can all see that you are not only a scammer, but a douchebag as well.
Oh and enjoy the trust feedback I left for you.

LOL I knew this was going to pop up eventually, I can prove that this piece of shit coin is a scam. I played their slots and every time I won 2,000 coins or above (if you do it with a smaller win, you do occasionally win) I would use the double or nothing feature I would pick BLACK and EVERY single time I would get a red card, literally around 15 times in a row! I then changed it up and started picking red and guess what, ONLY BLACKS APPEARED! Fuck lottocoin, and mrlotto can suck my dick.

How is a COIN a Scam when One Single Site has Been Acused of Cheating?

It's nearly all of the games that are rigged worse than most fiat gambling games. Also this:
"This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic."
That's why it's a scam. He has deleted about 5 of my posts already and about 10 from other people, one of which was only HINTING at something possibly negative.
If there are any high trust scam busters out there, please flag mrlotto for running and endorsing casino and gaming scams. I'll even leave you positive feedback for doing so.

Total bullshit, complete FUD. All these accounts spreading FUD here are the same person, its so easy to tell. We know who u r, not gonna stop u cuz no one can its the internet. But all I can say is nothing good comes out of hate and extorsion, you will realize this sooner or later.

Good luck

*nearly all of the games*

Lol wat?  like wich one then since all i heard is Lotwin
stop talking lies..

all the same person? anything to back that up with buddy?

I assure you I work alone and think for myself. me and these other guys didnt even know each other until this shit

few guys get vocal about some corrupt shit and you go and accuse us of wrong doing? lol

they have threatened to post my personal information on here which they dont have, cause im not whoever they think I am. Held back winnings from a contest and told me via pm to stop rocking the boat.

nothing wrong with that tho right?

I expect more from people trying something like this

Pretty sure a mod could come in here take a quick look and let everyone know we are different people all brought together by being all scammed out of our coins.
Everyone is scared shitless of this LeoC and everywhere he posts people use him as a scapegoat and say that anyone else talking must be one of his alts.

http://randomdrake.com/tinfoil-hat.jpg

nah its just we had a guy Doing that a week ago so thats why they might think that way aswel now=P
and *they have threatened to post my personal information *  theres is no They
Lottocoin aint Backed by One Person or one Casino

Then do what is fucking right and get redcoin to fix the payouts and add some lower betting amounts for the slots (1,2,5,10 etc) 500 coin rolls are retarded unless your a high roller, which most are not.

end this retarded shit fest so we can have 1 unmoderated thread and all get along. I mean we all have the same goal here, right? get rich, fuck bitches?

NONE OF THIS IS HELPING ANYONE

I agree, if the dev had any balls then he would have left the old thread open and unmoderated and said "Lotwincasino is being called out as a scam by a bunch of people? Ok I'll remove it from the first post, sorry about that guys, we have a new poker game coming out!" That would have ended the dispute and saved face. Instead the douchebag DOESN'T address the concern, likely because he runs the scam casino himself, locks the thread, opens a new moderated one and deletes EVERY negative post forcing this one to be created. And even in the new thread still touts the scam casino as if everything that was posted was completely ignored. Is the dev a clueless idiot that doesn't care about his coin? Or is he the scammer behind it all, you decide, but I am leaning towards the latter.

I Fully Agree with u there This aint Helping anyone

Also 500 is indeed alot of Lot to play one Round
but its Redcoins Casino so He Chooses on those Things

The Casino is Operated by Redcoin only

And you know this as an absolute 100% fact, and you also know for a fact that mrlotto has no alternate accounts at all, or that he didn't create the coin solely for the purpose of spamming rigged games? Yeah right, pull the other one. Also this still doesn't make up for 1. locking the thread and policing the new one, 2. never addressing the complaints, 3. still touting the scam casino, 4. calling all of us idiots. It's too late to save face, the damage is done.

We can guess that they probably did lose.

But i think they grossly over exaggerate how they lost.

If the software has legitimate bugs, then we can fix them.

THe casino takes between 0.5 and 1% only.

Think of it this way, if you lose 10,000 LOT, then it means somone else has either won it or its in the win pool waiting to be won

If you guys really did lose like you say post your IDs and i will  post your play history

Hello mate.

Casinos are profitable based on maths. So I want to prove you that you are vary wrong.
Just to mention that I dont know that website nor the devs of lotocoin or website owners.

As I checked on website they use American roulette, which mean have dubble zero.

The chances for a Double-Zero Roulette is 47.37% on Red or Black and 5.26% on greens (2.63% on each)  (source (http://wizardofodds.com/games/roulette/))

So I wrote a little javascript code to take for example 100000 spins (with that odds) and count how many times the same color picked in a row.

And here are the results:


Of course  you can check my code and run tests here: http://jsfiddle.net/4Q65v/1/ (http://jsfiddle.net/4Q65v/)

So, giving you 15 times in a row Black, its normal! Its simple maths and chances.
You probably used Martingale strategy to earn some easy cash, but those strategies in long term fail cause of the edge on roulette. (thats why they have zero(s))
If you had more money to afford to double your bets on every lose then you can win that edge, but its impossible.

I dont know if you have gambling problems, you know better, but get a pen and do some simple maths. Then accept it. :)

My 2 satoshis.

Dude we aren't talking about roulette.
Post mine, I dare you. ID 807.

Why would he Rig the Casino himself? he has A Mining rig + Premined coins he would barely make anything on the Casino
Compared to what he has

Casino makes:
http://oi59.tinypic.com/5o8ac8.jpg

Wow how naive and gullible do you think we are to believe those stats. Give me a break. Anyways, what needed to be said was said and I'm sticking to it based solely on MY experience.

I can post pics too!

https://i.imgur.com/xVHizkg.jpg

they look fine to me but anyhow thats your opinion

^^

deptechs stats

http://www.lotwincasino.com/1/drepteck.jpg

YOu lost 100k in 300 hands, ok. but also your biggest win was 60,000, maybe some others also? and theres some big bets in there. you only need to lose 18 6k bets to lose 100k

You should of tried different games, if you win big on a machine, or its paying shit move to a different machine.

some pay small wins more frequently and less big wins, while others pay big wins more often and less small wins.
and of corse luck is involved

This proves the scam though. 260,000 lost, 160,000 won in 333 hands. You are lieing by saying it's 99% returns in your games. If it was really 99% returns and the deposit was 100,000 coins, then the win/loss should looks something like 10,000,000 lost 9,900,000 won and the game would have lasted MUCH longer than it did, before I finally succumbed to the 1% house edge. I've been to real casinos so it was pretty easy for me to see something was not right with your casino. 400,000 total points won/lost before I get emptied of 100,000 coins is not a 1% house edge AT ALL. To add insult to injury I won the mega jackpot. If I hadn't won that, then I would have lost my entire 100,000 coins in about 5 minutes. Also telling someone to move to a different machine if it's paying shit is such an idiotic thing to say.

Runs the bitwin casino which is rigged such that the casino is guaranteed to win when its bankroll is low. Left me negative trust rating saying:

"Posts slander against bitwin, in a effort to drive traffic to his own site"

It's only slander if it is untrue, whereas he has admitted that bitwin will deliberately cheat players when it is low on funds. And I didn't (and still don't) even mention my own site. People understand what's fair and what isn't. Provable fairness trumps admitted cheating every time.

Yup I knew it, read this guys trust feedback.

Runs a bitcoin and alternate coin casino that is a scam. Documented proof is in the reference link.

Runs a casino which you cant win we should call that a scam

Runs a rigged casino (see link) and slanders provably fair casinos.


Oldminer, who is always constantly in the Lottocoin thread is also involved with bitwin. I am almost willing to bet the Mrlotto is an altcoin sock puppet account for either Oldminer or Redcoin, or maybe even both.

Here is the feedback for this user:

Involved in a cheating casino

Is involved with the bitwin casino, which he admits is rigged such that it deliberately makes player bets lose when it is short of bankroll.

Deletes all posts pointing this out from his self-moderated thread.

Refuses to acknowledge that provable fairness is a proof of fairness. Somehow thinks his rigged casino is more fair than the majority of Bitcoin games which offer truly provably fair games.

Involved in a gambling scam. Do not trust.

A scammer that runs a bitcoin casino should not be trusted.

Runs a rigged casino, deletes all criticism. Slightly above the scammer level.


Conclusion: AVOID LOTTOCOIN AND ALL CRYPTO GAMBLING
Wait for an established casino like Royal Ace first! Chances are they will use BTC.

I am not sure you quite understand 99% returns. Just because you played 333 hands does not mean that you will get back 99% of what you bet. There will be people that win big jackpots and walk away. That is part of the 99% returns. I have played hundreds and hundreds of games there, usually I do pretty good on the poker and BJ, but when I play the slots overall I lose. Guess what it is like when I go to Vegas? I do OK on BJ and poker but not so well on slots. I played reel mob for over half an hour the other day on 10K LOT I was up as high as 25% in some of the plays I won several of the gambles 50/50 and I lost a bunch of them it is a 50/50 chance. I could have walked away many times while I was ahead, but I was having fun so I played until my LOT was gone. I do not play 50 lines I usually play 5-20 lines per spin when I play it. You should try going to Vegas and play slots and see how long you last. And as I always say do not gamble if you do not have money to play. Gambling as I see it is just entertainment and nothing more, I do not expect to walk away with any money when I am done gambling, but sometimes I do.

I certainly think your comment about mr lotto is completely wrong, he is not in cahoots to scam people with the casinos that use LOT are you out of your mind? There was 380M LOT (2%) premine on the coin. He could have cashed out early and walked away, but no he has spent it on bounty rewards to get games going using the coin, giveaways to get people involved and interested in the coin, sure the devs kept plenty of coins 50M I think was the number I saw on the thread but do you expect someone to spend months of their life developing something and not expecting to make something off of it for free? He has been busy developing a new multiplayer poker game, guess how much time that takes. He has been busy trying to get the website in order. I run a small web based business and you would not believe how much time you have to spend doing little mop ups all of the time, it takes a lot of time out of your day just trying to keep up.

+1

another +1 for anther person that understands what it means to gamble

+1

I bet some of these people thinks Vegas is a scam too!

What kind of fucked mathematical background do you have if you say things like that. Chances are small for that to happen but it definitely is possible.
Even if I would be guessing wrong 15000 times in a row that would still be possible.


no.

Sorry, but things you say just make it a CERTAINITY for me that you don't have a mathematical background :D

You want math? The probability of getting 15 reds in a row IF the casino wasn't rigged and gave a 50/50 split like it should would be 0.00030517578125% chance of happening. So for someone to have this happen to them especially after playing only 333 hands is just sketchy to say the least. The odds are that it is rigged to make you lose if the casino is short on money. These online cryptocurrency casinos aren't run by rich companies out of Vegas so they don't have the financial backing to pay out huge winners so usually on release they will force losses on new players in an attempt to create a financial buffer to use as more players start winning. In this way they are probably rigged at the start and ease off over time (or they may be rigged all time). The problem though is if the casino operators immediately takes invested cryptocurrency and dumps them on the exchange, effectively prolonging this "rigged" period, and judging by the amount of coins that are being dumped daily on cryptsy, I expect this to be the case. I highly doubt Lotwincasino is keeping everyone's money in some "bank" that it uses to support the 99% returns. It's more likely that any returns people are getting are likely their own, and once they are dry, it's dump time.

The only odds you have to know to assure absolute certainty you are a loser is 18/38.

I have seen the whole tree solid black and solid red so often it got boring. Yes the odds are against, but each spin is 18/38 and so it is not uncommon. One in 700,000 outcome is common when one calculates it against all roulette wheels spinning in the universe at any given moment.

Which is too many. If you want to stop losing either stop gambling or open a casino for other suckers and you will understand how it all works much faster.

We aren't talking about roulette, we are talking about a double down feature included in the slot machines. Seriously you guys aren't even trying. You are saying that 3 people all with the same very very VERY low probability of getting the same color 10+ times in a row, managed to do so in a couple of days is not rigged simply because somewhere in the universe at some point in time it happened? Give me a break. Are you guys payed shills or something? Lottocoin casino is insanely rigged, end of story. If you haven't tried it yourself, then kindly buzz off with your normal casino logic, it doesn't apply here.


Irrelevant to the thread, highly arrogant, and contributing absolutely nothing. Yes gambling is for suckers, but being scammed out of your money is much worse.

I am saying there is no reason to run a casino unless you set the odds against your customers. Erego, if you gamble you are a sucker.

eos.

so this thread has degenerated into a gambler's anonymous meeting...

First of all kpg has it right.. when a casino live or online boasts of a 99% payout it doesnt mean everyone can walk away with 99% of their investment. if it did then casino's wouldn't make any money at all, this is where stories about losing ur entire fortune from gambling comes in play.

Also, its a fact that... Slot's despite being the most popular are also the most profitable (for the casino) hence the wall to wall line of slot machines in every casino..

Another issue is learning to walk away when you win.. if you do that that then you will stay in the 99%
After winning the mega-jackpot why on earth would you continue to play the same game

I actually find it hard to believe someone with a mathematical background would consider slots a winning proposition..

Please refer to this link:
http://en.wikipedia.org/wiki/Slot_machine#Payout_percentage

Slot machines are typically programmed to pay out as winnings 82% to 98% of the money that is wagered by players. This is known as the "theoretical payout percentage" or RTP, "return to player." The minimum theoretical payout percentage varies among jurisdictions and is typically established by law or regulation. For example, the minimum payout in Nevada is 75%, in New Jersey, 83%, and in Mississippi 80%. The winning patterns on slot machines – the amounts they pay and the frequencies of those payouts – are carefully selected to yield a certain fraction of the money played to the "house" (the operator of the slot machine), while returning the rest to the players during play. Suppose that a certain slot machine costs $1 per spin and has a return to player (RTP) of 95%. It can be calculated that over a sufficiently long period, such as 1,000,000 spins, that the machine will return an average of $950,000 to its players, who have inserted $1,000,000 during that time. In this (simplified) example, the slot machine is said to pay out 95%. The operator keeps the remaining $50,000. Within some EGM development organizations this concept is referred to simply as "par." "Par" also manifests itself to gamblers as promotional techniques: "Our 'Loose Slots' have a 93% payback! Play now!" It is worth noting that the "Loose Slots" actually may describe a very few anonymous machines in a particular bank of EGMs.

Anyway, a bid of 100k covers about 17 spins and 500k about 85 spins..

I remember learning about a fallacy of gambler's logic.. calling Head's or tails... no matter how many times u flip a coin..the probability does not change... just because you get 20 heads in a row doesnt mean the next just has to be tails.. because probability is still 50/50.

here's why i can tell u this is for sure.. i once tried the double-ur-bet system on the 3:1 payout at roulette starting with $1.. just to see if it worked.. it worked the first two time.. but the third attempt basically ended up killing off the profit from the two attempts plus my initial stake..i lost about $2000.. and then i stuck around to see when the damn section would have hit.. it came in about 6 spins later.. 17 spins to win a 3:1 odd which meant i would have needed about $131,000 as capital to win that bet...The only way anyone can truly be sure of beating the house odds is if one has unlimited funds to gamble with... and even then you would need to learn to walk away or the house edge will finish you. 

 

For starters, yes the probably of getting heads or tails is the same, but you are talking about a single instance. Let's talk about the probably of getting heads 15 times in a row.
http://www.mathcelebrity.com/cointoss.php?hts=+HTHTHH&hct=+15&tct=+0&calc=2&fct=+0&gt=no+more+than&nmnl=+2&htpick=heads&tossct=+0&montect=+500&pl=Calculate+Probability

Like I said the probably is 0.00030517578125%. I won the Mega Jackpot on a slot that brought me from like 30,000 to 90,000 which was still under the 100,000 I put in. Then I DID move to another slot game, which is the one I'm talking about, Reel Bar or whatever it was called. The max bet was 500 coins, so with 90,000 I could spin many times. 80% of the spins yielded less than 500 coins resulting in a loss. When I would land a win of 1k or more, I would use the double or nothing and choose black, and EVERY single time I would get red. Loss after loss and then I attempted to choose red. The EXACT MOMENT I start choosing red, I get 6 blacks in a row.

This EXACT SAME SCENARIO was mentioned by TWO OTHER COMPLETELY DIFFERENT PEOPLE in the same day. Coincidence? Please. Casino logic? Yeah right. I've been to many casinos, both in vegas and on cruise ships and never seen this happen, especially to this many people in this short of a time frame. It's rigged, and by that I mean rigged 10 times more than a normal casino rigs them. It's tiring discussing then, I really don't care anymore. Play the damn game yourself to see what I am talking about, I am moving on.

Well explained damnation

This is gambler's logic.. the odd's are still the same at 50/50... Heads or tails... Black or Red... the coins/cards dont care if it was Heads' or red in the previous 100 flips/draws... Calculating the probability of a situation occurring is irrelevant to the fact that the only odds that matter are 50/50.

Found the link.. Please refer to:
http://en.wikipedia.org/wiki/Gambler%27s_fallacy

The most famous example of the gambler’s fallacy occurred in a game of roulette at the Monte Carlo Casino on August 18, 1913,[5] when the ball fell in black 26 times in a row. This was an extremely uncommon occurrence, although no more nor less common than any of the other 67,108,863 sequences of 26 red or black. Gamblers lost millions of francs betting against black, reasoning incorrectly that the streak was causing an "imbalance" in the randomness of the wheel, and that it had to be followed by a long streak of red.[1]

I do have a question why on earth does one need to gamble in a casino.. with the amount of coins coming out everyday.. isnt that enough of a gamble trying to pick and choose who will live and who will die..

How is 0.00030517578125 chance of getting 15 heads in a row gamblers fallacy. I honestly don't think you have a clue what you are talking about, please read the link that you just posted very carefully before you make dumb assumptions. No one in this thread said that after getting heads one time that they should have a higher chance of getting tails the next chance. We are talking about if I flipped a coin 15 times and it came out heads every time that I called tails, then the moment I call tails it lands on heads 6 times. That isn't gamblers fallacy, thats called a rigged toss up.


Pointless and irrelevant to the topic. The value of Lottocoin relies on the quality of the services it provides, the same can be said of all altcoins. In Lottocoin's case, the services are casinos and games. If these services are providing rigged odds that are far FAR worse than fiat, then the coin has no value. This is not a discussion to talk about the merits of gambling, this is to discuss the obvious rigging of games that are the only means of sustenance for an altcoin. This is the altcoin forum right?

like i told u plenty of times Theres Plenty of other Casino's Coming if u Dislike Lotwin just stay away from it  No need to Blame the Coin for any of the *problems* u seem to have with Lotwin

Here take a look at this new Screenshot from new Casino !
http://www.game4coins.com/techdemo/gfx/screen4.jpg

ok then..my question why does lottocoin have to provide all the services..

the potential in lottocoin isnt in the games it provides but in the fact that it allows other casino's to have a tradeable casino coin..
LOT is a gambling currency.. yes there are games setup up by mrlotto but they arent all the games. go try horse or something..

Anyway your right this discussion is becoming tiresome..so have a good day and good "luck" on ur future endeavours..

i can confirm that 2 of the Games incoming in the incoming Weeks are not made by anyone that owns a Lottocoin Game right now (This includes the Casino i linked 2 posts up )

Conclusion: AVOID LOTTOCOIN AND ALL CRYPTO GAMBLING

I agree, I been gambling online since 1998. When I tell you most of the Crypto casinos are rigged. They are rigged. LOTTOCOIN is being used to fund some shady casinos. I'm not said the owner himself is involved. But their are some who are running rigged casinos. Those owners are POOR compared to most online casino owners. They can't afford big hits. So they design the software to not allow X amount of wins no matter what. This is what's going on behind the scene. Until pressure is put on these owners. I say avoid them and yes I own millions of LOT COINS

Your maths are wrong.
The ones that are testing lotwin casino and posting here saying they are scam they are not stating they have been playing 100 000 rounds.
Try your software with 500 rounds and see how many times you get 15 in a row.
Then try again 500 rounds and see how many times you get 15 in a row ? Probably none.
Maybe after 20-30 times repeating this you will get once 15 in a row.

The problem with lotwin casino has already been described clearly. Once you try to recover your loss by doubling (not necessarily continuous doubling), you will always get the opposite color 10-15 times in a row.

I have been explaining this .. just try playing in a free casino first, with play money then try lotwin.

I have only been playing in order to test the fairness of it as I am into cryptos not into casinos ... nor I will ever be into playing casinos.
I owned a big share of these coins when it started but things were not seemed to go in the right direction, started to smell like wrecked fish so I had to look where the smell comes from.

I figured out very fast that these people work together and sustain each other, instead they will work for this coin to go up, they go to get as much as possible from the people.

As a matter of fact I see that lottocoin is going down on cryptsy and I'm so happy I have sold... and I will never buy/mine again even one lottocoin unless lotwincasino will be taken off the starting thread of lottocoin and also the thread will be back open.

This is not the result of FUD but the result of bad practice of the coin dev and the others that are trying to steal from the ones investing their money. Good luck to you but karma is a bitch. I hope you lose more than you have invested.

Gambler's fallacy only applies in the moment for the next draw. If the question is if I flipped a coin 9 times and got heads, what is the chance the next flip is heads? The answer is 50%. If the question is if I flipped a coin 10 times what are the chances they all come up heads? The answer is not 50% because there is only 1 outcome which this is possible (HHHHHHHHHHH) but there are 2^10(1024) possible outcomes. So the probability of this is 1/1024. 15 times in a row becomes 1 / 32768. This is fairly unlikely.

Well .. you get a coin in your pocket .. and throw it in the air, ok ? Then see how many times you will get the tails 15 times in a row after 100 tosses.
Then do it again another 100 tosses.
And Again
And Again
Do that 30 times .. or just write a small perl/java scrypt to do that and put the results in a text file then post here.
The chance that you get 15 in a row in the first 2-3 games of 100, is very small. It is not impossible though .. but it is very small.
Now ... when you find that happening many games of 100 in a row .. things start to smell. If you don't understand what I'm talking about then YOU don't have any kind of mathematical background.

Same type of probability as in lottery .... the more you play the more the chance you win. The chance that you will lose 15 times in a row in a game with close to 50 % chance to win .. is SO SMALL.
Also in the lottery, a number will have a higher chance to appear x number of times after y number of draws, and the chance that the number will still be at x number of times after another y number of draws is very small.
The more you play the 50 % game the higher the chance you win, but not in lotwin.
So that guy lost the 100K .. many other people have lost then why is the balance of lotwin on minus .. so it will seem that players are leaving lotwin with bigwins ? That is bullshit.

Don't say so small numbers to them, they might not understand it. They like only big numbers, in millions .. in their lottocoins wallets and that's what they know how to read.
They have destroyed the coin that many liked and hoped for a future.

They will not understand that.
Personally, I tried all the games that lottocoin offered.. just to see what it offers, what is the investment I keep in my coins.
After seeing how rigged lotwincasino is and how much is sustained by the dev, things started to smell and sold all my stash .. was it a good decision ? Until now yes, it was.. I bought a 6 cards R9 290 rig and it already produced back the lottocoin at the current value, still missing one or two days of mining.
Even if it will go to 200 Satoshi now, I will not regret.

Everything seemed sketchy to me that others were saying about this casino but the dev is against them instead of checking what is wrong .. which is so easy. At least if you see many complaints then take the lotwincasino out of main thread until further checking.
If rapidballs was rigged I would have said that here but it seems it's not (even if they give much smaller earnings than your chance to win, they will not state anything they will give 99.85 % return or something like that)

Afterall .. I see people here that have wrong views on how these games work. They probably think that if they play one ticket of 6/49 13.5 million times they have 100 % chance to win even if its not ... unlike if you play 13.5 million tickets in one game. Probability is not what you expect .. all of these can be mathematically calculated. Some people I know have been winning 5 numbers in 6/49 by using the numbers that have not been drawn in many previous draws ... Probability can teach you what you should expect from a game, so you will not throw yourself in that game and expect to win lots of money.
Same for playing bad games like the numbers 1,3,5,7,9,11. This seem to have the same mathematical chance to win as any other set of 6 numbers (for one draw yes, it has the same chance), but when you come and input other variables, like how many times some of these numbers are appearing in the last draws, coupled with the fact that you're having all odd numbers smaller than 25 in your draw .. and the fact that you're repeating this draw in all games, will not give you an edge in playing lottery. You would be better playing off random games generated by a computer or just give those coins to poor children on the street, at least you win karma.

The people that make money on sports betting on betfair.com.. they are not lucky. They are good at probability and they have a very fast mental computational/analytical speed. They make a living from that unlike the ones that always go and spend their money in vegas. Of course, some of the casino players will become big winners, but maybe that is one in 100 000 people. Chances...

Lottocoin SCAM COIN.

Thats why These Sites Uses Invest Options
Stop spreading Lies when u got Zero idea what ur Talking about

Anyhow like i told already EVEN if Lotwin is Rigged or Cheating This has Nothing to do With Lottocoin

Lottocoin aint Based on Lotwin

if a USD casino is Rigged is USD rigged?

Just Stop going to Lotwin if u Actualy Think its Rigged and Wait on The New Casino's
( and These Will use Provible Fair System so they cant be rigged )

i find it Totaly Fine if u make a Complain Thread about Lotwin but stop involving LottoCoin its a payment Method

or do we complain on Bitcoin for Silkroad?

These owners are poor compared to online casinos like Club World, Fortune Lounge, BET365, Mr. Green, etc. This casinos allow $5000 a hand wagers and can payout $1,000,000 win. Some of these Crypto casinos are ripping people off. To the tune of 5000 lotto coin  ::)

This is a fair comment the coin is not responsible for the people who make things to use the coin on

My old man is a bookie, he built an empire on mug punters!

This is NOT a fair comment - The Silk Road was GOOD, (it's owner did bad things, don't get confused) and it was a good thing linked to bitcoin.

These rigged casinos and shitty devs are a BAD thing linked to lottocoin.

Get it?

+1
We need a blackmarket for Lottocion ;D

These people are  jealous, because they were REJECTED by the community (for being fucktards), and now cant enjoy to be part of it.

Lottocoin - The only coin that has casinos (2 active + 1 coming in 3d) , holdem poker, and various other games

Lottocoin - one of the few coins that has a team of ACTIVE developers, this isnt your usual coin where dev dumps their instamine/premine then abandons the coin

Lottocoin - Traded on 7 exchanges, including trading for Fiat in china,

The argument against Lotwin doesnt even make sense, That place is paying out 5 million per hour, and has a huge number of REGULAR players.

the list of winners (wins over 2000 points) is public, ive taken a screenshot. So if its a scam like you say, why are so many people playing it?

http://lottocoin.org/sc/3.jpg

Try flipping a quarter for an hour straight counting how many times you get heads 15 times in a row. I'm positive it'll happen to you more times than you think. Now factor in that there is a green zero/possible double zero on a roulette wheel, so the odds of it landing on red after 15 straight blacks are even less than the 50/50 you get with the coinflip.

lost 60k on the lottocoin games, went to withdraw it and it never came. scam is an understatement.

LOL, idiot... if your talking about lotwin, try clicking the confirmation email...

or what did they say when you sent a support ticket?

moderated out of orig thread cause butthurt casino owner cried that he would convert casino to btc and go away if you didnt ban us EL OH EL

active devs who have scammer ratings and act like a mafia.

traded on 7 exchanges but wont break 30 satoshi ever again

pays out 5m per hour but rakes in 10m lol

just because people are "winning" dosnt mean they ever get ahead.

A sucker is born every minute

redcoin runs both casinos. one i can win 100k a day at without trying other one you lose 100k at in 30 mins. also he wont listen to constructive criticism with out crying like a lil bitch

https://i.chzbgr.com/maxW500/4884657664/h3E0193E9/


wow calling people names again. ya great dev!!! fucktard

HERE IS MR. SCAMMO, acting as low as he can - hey, why is your account so new? To hide the trust ratings from your REAL accounts?

I think it is better to make an example of your garbage scam effort - better than letting you stump around ripping everyone you can find off and acting like a sixth grader.

Look at the lottocoin dev talking shit to everyone lol.
Why would anyone want to be part of that.
There are coins with you know intellectual devs out there.
No wonder price on lotto is going into the shitter.

would like to mention that since Iv said I make a killing at lottocoincasino there was a maintenance and since then iv had a bot playing slots for over 48 hours straight.

In those 48 hours iv constantly stayed at 5000-8000 credits. never more never less, just spinning wheels.

this is strange since I was constantly pulling in 30-200k every 24h since I started playing there months ago.

maybe there was a glitch that let me win so much before and now its fixed? or redcoin saw people were actually winning some coins and got buttflustered? you decide!

 

18 billion potential coins, scam games run by a scam dev, 2% premine to line dirty devs pockets, lol just another shit/scamcoin.   nothing to see here folks.  Im amazed that anybody supports these shit/scamcoins that were obviously created to make lazy people easy cash.

One big sign is the fact that they've lost about 80% of the community after they locked us out of the thread.

Fucking hacks.

Dead in the water, bitches!

lottocoin casino can def be added to the scam list.

Iv been playing there since forever and everything was awesome till a maintenance about 2 weeks ago.

Since then its impossible to win anything really.

More then happy to give redcoin my name so he can post my stats. you will see i went from making bank every day to making fuck all for weeks.

fuck you redcoin. your ruining lot with your scam bullshit casinos and people have no other places to use lot

LOT Poker is fun, at least.

I may hate the devs, but I love me some Texas Hold'em!

i never knew of lottocoin untill this thread, thx guys, love the casino, and already bought for 3 btc lotto @ 3 satosi, cant lose on that !

lottocoin ftw!! spread the word

lets all vote on mintpal also, we already have 11k votes