I see that people have switched to blackjack strategy. A couple of things. Correct strategy still does not make the game +EV. There are some decisions that are +EV decisions, but they will not work every time. Do not freak out when you lose a bunch hitting a 16 vs a 10, because you will probably lose when you hit a 16 vs a 10. It's the "correct" move because you will lose less money doing that than staying when you have a 16 vs a 10. The strategy can be slightly different depending on the rules. When can you double down? How any decks? Does the dealer check for blackjack? What does the dealer do on a soft 17? Figure out the rules for the site/casino you are using, enter them here http://wizardofodds.com/games/blackjack/strategy/calculator/ and get the correct strategy for the game you are playing. |
|
|
|
Yes, martingale system (every lost bet 2x).
Why odds 3
example:
Odds @2 after 3 bet start stake 10
-10
-20
-40
80 win =160 -150= +10
Odds @3 after 3 bet start stake 10
-10
-20
-40
80 win=240 -150= +90
higher profits.
Higher profits because it's harder to win, which makes it more likely to lose all of your money. You have a 1 out of 1,024 or 0.09765625% chance of losing 10 in a row on a 50/50 bet. If you are choosing bets with 3 odds, you only have a 1/3 chance of winning, so your odds of losing 10 in a row go up to 1.734152%. |
|
|
|
This kind of FUD brings no good to crypto community. Wait and see everything ll get sorted out.
Writing off everything as fud does more damage. Stop trusting these assholes and hold them accountable when shit like this happens. |
|
|
|
well what ever the odds are you can use martinagle at any odds , for me I use martingale when I bet on sports not because it works but because I love to bet on sports and I'm not that expert so when I do it I don't except to make money from doing it
the real challenge is to beat sports without martinagle , remember even when you have an edge martinagle will kill that edge if you use it
The whole point of martingale is that the 2x your bet and the 50% chance of winning are the same (or at least close). Doubling your bet when the actual odds of winning are much lower is even stupider than regular martingale because the only reason martingale "works" is because you expect to win half of the bets. You are much more likely to run out of money or not win as much as you need to if you don't expect to win half of the bets, and you shouldn't expect to win half of the bets at 3.x odds because that isn't' how that works. People need to stop looking at betting as winning and losing. You need to look at the odds of winning and the payout. those are much more important. That is how you tell what are good bets and what are bad ets and how you make money. |
|
|
|
Don't get it. Why would any hacker steal coins and leave them sat in the same account for months, just to hand them back for a percentage of the stolen coin? In those months, those stolen coins could have been sent through numerous addresses, coin mixers, exchanged etc.. making it very difficult to trace. Smells like a scam to hide a scam.
Wish I could answer that myself. At this point were not holding our breath on this, but it was presented to us in a somewhat believable way so Paul decided to give the guy a chance to prove himself. So far nothing What is believable about someone coming out of the blue and saying that even though they are capable of acquiring 13,000 BTC they will then give you 11,250 BTC? You said they did nothing behind the scenes to prove they can do this, I'm not sure why anyone is treating this as anything but a troll? How does any of this make sense? Why would anyone who isn't liable for the 13,000 BTC debt just hand over 11k btc? Why do you guys think this is legitimate? |
|
|
|
|
If losing a 65/35 can put you on tilt like this, you should quit for your own good, rigged or not.
|
|
|
|
What has this magical crpytcracker done behind the scenes to show you guys that he can actually get the coins back?
Nothing yet, still waiting to hear from paul that coins have been returned and this is not some sham So you are getting your hopes up based on that tweet and this guy's posts on this forum? |
|
|
|
Why not come up with an original name for it? Just sticking "Martingale" infront of your betting strategy does not bless it with some special ability to be right and different games require a totally new way of thinking in order to win big amounts.
To be fair, calling it martingale is a signal to people with functioning brains to not bother with the system. Since we are here, this "system" is actually stupider that martingale, if you could believe that. The whole point behind martingale is doubling your bet on a 50/50 chance. 3.00 odds equals a 33% chance of winning. Since you should only expect to win 1 out of every 3 times, it's more likely that you would lose money in this syste than with a regular martingale. Especially in sports. |
|
|
|
|
What has this magical crpytcracker done behind the scenes to show you guys that he can actually get the coins back?
|
|
|
|
This is still a thing ? WOW i figured he would have gone out of business by now.. Just goes to show the level of raw greedy desperate unbridled stupidity that permeates the Crypto Zeitgeist ! Altcoins  To be fair, it's highly likely that the only reason they are "still in business" is because he is preventing the run on the bank that will force him to declare he's insolvent by not "letting" anyone withdraw. |
|
|
|
"as long some someone is willing to pay 1 satoshi for it, no coin is considered dead."
1 satoshi for a coin with unlimited supply that keep on staking itself over and over again is too expensive, not to mention this coin has no special thing except a pre promised $20 floor and the ability that you can use it to shop worldwide. Not sure why there are some exchanges that still listed this coin, this coins should be banned in every exchanger They are sort of an iq test, I guess there is some value there. Owning pyacoins is like holding a giant sign that says "take my money." |
|
|
|
I think they are getting burned big time by the ETH rise they have to payout on.
I do not agree and I feel you are bitter about your experiences but for me, not so. I purchased with my Credit Card, 40 MH/s of ETH in December 2015 and already I have been paid almost 104 ETH coins. My contract cost me 719 USD and already that ETH is worth at current prices, over 1000 USD, so Genesis Mining and their ETH contracts have been good to me. A scam, I do not think so although I can understand if you are complaining about SHA 256 as what with the recent difficulty rises etc, then payouts would have gone down but for ETH contracts, GM have given me a chance to make some money. Where I live i can not buy Bitcoin directly so Credit Card was the only option for me or else I could have bought ETH directly using Bitcoin, but I did not have that option. Anyway good luck with your thread although personally I do not think they are a scam, just Bitcoin mining has led you to make this thread up because Bitcoin and SHA 256 mining went down the pan which I think is not really Genesis Minings fault. If i look around at other providers doing SHA 256 I can see their payouts have also gone down too which tells me that this is not a GM problem. If you would have bought bitcoin on Dec 1, you could have turned your 719 USD into 1.90508996 bitcoins, which you could have used to buy 818.418469178656 ETH, which is worth at current prices over 8000 USD, so I would say that they have been pretty shitty to you. Hello Phil. You can not really say that Genesis Mining has been shitty to me written in your own words as it was I that decided to purchase a contract with them. I was not forced or made. It was my own choice. I had no other option but to purchase with a Card and I had explained that in my post here if you look up and read it again. If you read what I wrote originally, I did not have any means to purchase Bitcoin directly so could not then use that Bitcoin to purchase ETH, so purchasing a contracts through Genesis Mining with Credit Card, for me was the only way for me to get payouts in ETH coins or the other thing i was thinking about was to spend similar money on having to build a ETH mining rig. After working out the costs of having to purchase an SLI system for 2 x GPUs that would mine at around 20 MH/s each plus the cost of the motherboard, PSU, memory, hard drive etc it was getting close to the price I had to pay upfront anyway before any electrical bill costs had to be taken into consideration as well. I felt this option of purchasing through Genesis Mining as the only company to offer ETH mining that I could find, for me was the better way to go. Of course I could have made more money purchasing ETH directly as you have said, but I could not, but I have already made a nice profit already. I purchased at the end of December so not sure if the price of BTC would have gone up or down since your estimate. Also ETH price might have changed too so it could have been possible that i would have ended up with less than you have written. So yes, not being able to purchase ETH direct was Shitty for me, but I have still made a nice profit from it and as this thread is about GM being a Scam, to me they have not been, far from it and I am sorry if that some of you reading this can not accept that they are not a Scam from my point of view, but that is your own choice and I respect that just like you should respect my view and opinion. For ETH mining it has been ok and from reading on the forums I can see that SHA 256 mining has not been so good but that seems to affect everyone who mines with other companies too who offer SHA 256. Not sure where you are that you have no way of purchasing BTC, but I'm not sure how many others are in that same situation, so your situation is unique, and therefore unhelpful. I still think you got screwed and are an idiot for thinking you didn't. You could have found a way to pay up to 4x a premium for eth in december and would be in a better situation today than you are currently via "mining," you aren't in "profit" because of genesis mining, you are up in dollars because someone is pumping eth, and if you were smart enough to find a way to get them elsewhere you would be in a much better situation than you are in now (assuming of course you get out before the dump, which is surely on the way). |
|
|
|
Just practiced James Bond strategy little bit modified and it works .
€105 bankroll
- €40 on 2nd 12
- €60 on 19-36
- €5 on zero
Repeat it , once you hit lost it all at small number, tripled it.
one of the stupid strategy i have ever seen. winning 15 € and loosing 105, if you loose at first roll, you have to win several time to take your loose. It's just a strategy, you're free to choose it or not. I've managed to win €200 at fortunejack.com but not means I never lost, I have lost over €200 too last week, but I am up to €350 now. Just the matter of timing when you must stop play. Don't forget if hit 2nd 12 you won both €40x3= €120 and €60x2= €120 -€5 on zero so you won total €230 from that €105 . Please do the math. This has the same EV as every other "strategy" in roulette. You have been lucky to win so far, because that is the only way to win at roulette. How many times will it have to be between 1 and 12 in a row for you to go broke? |
|
|
|
I think they are getting burned big time by the ETH rise they have to payout on.
I do not agree and I feel you are bitter about your experiences but for me, not so. I purchased with my Credit Card, 40 MH/s of ETH in December 2015 and already I have been paid almost 104 ETH coins. My contract cost me 719 USD and already that ETH is worth at current prices, over 1000 USD, so Genesis Mining and their ETH contracts have been good to me. A scam, I do not think so although I can understand if you are complaining about SHA 256 as what with the recent difficulty rises etc, then payouts would have gone down but for ETH contracts, GM have given me a chance to make some money. Where I live i can not buy Bitcoin directly so Credit Card was the only option for me or else I could have bought ETH directly using Bitcoin, but I did not have that option. Anyway good luck with your thread although personally I do not think they are a scam, just Bitcoin mining has led you to make this thread up because Bitcoin and SHA 256 mining went down the pan which I think is not really Genesis Minings fault. If i look around at other providers doing SHA 256 I can see their payouts have also gone down too which tells me that this is not a GM problem. If you would have bought bitcoin on Dec 1, you could have turned your 719 USD into 1.90508996 bitcoins, which you could have used to buy 818.418469178656 ETH, which is worth at current prices over 8000 USD, so I would say that they have been pretty shitty to you. |
|
|
|
Serious question: Did anyone really have a lot still in there accounts when withdraws stopped? Not trying to be a prick, just curious because I started experiencing withdraw issues with them as early as June or July 2015 which made me leery making deposits.
Of course there are. You have a functioning brain, there are lots of people that were "making" so much "money" by taking advantage of the "idiots" "selling at a loss" to get out that they got stuck holding the bag because they weren't as smart as they thought they were. |
|
|
|
It seems they are finally delisting Mintspare. The Fund MS, Mintspare will be closed February 15th, 2016. The current funds in escrow 45 Bitcoin will be used to purchase back any outstanding units directly from the unit holders on March 1st, 2016. Each unit will be bought back at the price of 0.00072389 Bitcoin. Thank you for investing with Havelock Investments! https://www.havelockinvestments.comTaking 2 years of fees form your users when the company is MIA is the level of scumminess I expect from a bitcoin business. good work assholes. |
|
|
|
Anyone found "Big Vern" yet? He's supposedly in China.
China is massive with billion of people there, it's gonna be a one tough challenge to find him there Maybe we can conduct a search team to search the whole China, at least Big Vern won't be able to move from one place to another place easily that way  Though, we need to have crowdfunding to pay the search team If we can get crowdfunding to pay for a search team, maybe we should just use the crowdfunding to pay for our losses instead. Because even if we find him, we probably can't get the money back. So, instead of searching and arrest him we should just forget and forgive him ? The point of Searching him was to bring justice as we don't want a guy like that being waddling around and spending "His Money"  Find him, arrest him, prosecute him  Maybe the Chinesse local boards can help us to search for him You probably should just forget, but that's not what he's saying. If people are going to give you a bunch of money, you are probably better off keeping it for yourselves instead of spending on something that has a tiny (if not zero) chance of getting you any money back. |
|
|
|
Long term is not the best way for gamblers, if they keep on doing gambling for years and years they will end up loosing all the coins sooner or later. I think gambling can never be profitable in long term unless some people do arbitrage betting, which always gives profit.
yes true, gambling is not for the long term. but gambling is only for the short term. example: I have been playing gambling a few years, and lost so much. compared to victory. and if I count I never get the benefit. Gambling is for long term but can't give you profits for a long term.One can do gambling even the rest of his life but really can't take much profits out of here even for a long run. This is true. gambling is fun and tempting to do it full time. But to earn money with your gambling for you whole life is not possible. Even for the most skilled players. Thing is you can't be concentrated and skilled all the time. The point is that gambling is unpredictable so you never know what will happen, I also thin gambling cannot be profitable on a long term, well it can be but you will need a lot of luck if I'm honest. You can use all kind if tactics and all kind of stuff but this will not help you to make profit on a long term. Gambling is very predictable. If you make -ev bets, you will lose, if you make +ev bets you will win. How can you say that it's impossible to earn money with gambling your whole life when there have been casinos around for so long? How can you see it is predictable when it depends solely on luck. Do you know many succes stories? No, reason why is there aren't. People tried and they failed miserably. It's very predictable that if you play on dice sites that you will lose. Dooglus didn't fail miserably, it actually turned out pretty well for him. He convinced people to make -ev bets so he could make +ev bets, and, as was predictable to people with brains, he made lots of money. |
|
|
|
I've became interested in playing dice games with my BTC but every time I play I lose. Is there something that I'm doing wrong, or dice games are supposed to be like that? ( sorry I'm new to this) Isn't there a guide or tutorial where I could get started playing these games? I don't know how this really works. Any help would be greatly appreciated. Thanks  So far, I like dicecoin.io I guess theres no strategy in dice game or gambling. But all you need is luck Luck of winning streak and just dont be greedy.  and dont gamble lot of money just a bit and have fun of playing. There are lots of different strategies for lots of different types of gambling. There are none for dice because it is just dumb luck. |
|
|
|
Long term is not the best way for gamblers, if they keep on doing gambling for years and years they will end up loosing all the coins sooner or later. I think gambling can never be profitable in long term unless some people do arbitrage betting, which always gives profit.
yes true, gambling is not for the long term. but gambling is only for the short term. example: I have been playing gambling a few years, and lost so much. compared to victory. and if I count I never get the benefit. Gambling is for long term but can't give you profits for a long term.One can do gambling even the rest of his life but really can't take much profits out of here even for a long run. This is true. gambling is fun and tempting to do it full time. But to earn money with your gambling for you whole life is not possible. Even for the most skilled players. Thing is you can't be concentrated and skilled all the time. The point is that gambling is unpredictable so you never know what will happen, I also thin gambling cannot be profitable on a long term, well it can be but you will need a lot of luck if I'm honest. You can use all kind if tactics and all kind of stuff but this will not help you to make profit on a long term. Gambling is very predictable. If you make -ev bets, you will lose, if you make +ev bets you will win. How can you say that it's impossible to earn money with gambling your whole life when there have been casinos around for so long? |
|
|
|
|
Show Posts
