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1101  Economy / Gambling discussion / Re: Best strategy in Roulette ? on: February 15, 2016, 01:17:12 PM
Have you ever heard of players with extremely good hearing, who after the sound of rolling ball are able to determine roughly the number that will hit?
I heard about a guy who, after two laps of ball in roulette was able to determine - more/less - the sector in which it stops. Always bet at the last moment. Of course, he did not always succeeded, but the probability have greater than the greatest lucky beggar.

How would that even work? How would the sound of the ball touching one piece of the wheel tell you anything about where the ball is going to land n a completely separate piece equipment?
1102  Economy / Gambling discussion / Re: Best strategy in Roulette ? on: February 15, 2016, 01:14:48 PM
Red or Black is best strategy i think, it's 50/50, you win or you go home, so it's all about luck

and play with pyramid scheme?  its worst strategy ever.better play with any 12/36 or other, then red or black, at last you will always loose with 50/50 strategy

50 50 chance is better than 33% chance althought the payout is 3x but still red or black is the easy way to double your bet, unless you are not lucky enough and busted everything. But AFAIK most people are play on red and black thing on roulette and only use small bet choose particular number

Beting 50/50 with a 1:1 payout and betting 33% with a 2:1 payout are exactly the same. Stop gambling until you can understand that, because if you don't you will lose all of your money.

What are you saying? 50 50 chance is 2x odds and 33% is 3x odds. I think you are the one that misunderstood thing here. And if you play red or black the odds is always 2:1 and the payout for 33% is sure higher that 2x

That includes your original stake.

If you bet 100 dollars on any group of 18 in roulette, and get it right, you win 100 dollars. 1:1 payout.

If you bet 100 dollars on any group of 12 in roulette, and get it right, you win 200 dollars. 2:1 payout.

The expected value of both of these scenarios is exactly the same, and therefore the bets are exactly the same.

Edit: if you want to include the stake as you do, then yes group of 18 is 2:1 and group of 12 is 3:1, guess what, still exactly the same thing.

Every single bet in roulette (except the first 5(0,00,1,2,3) has the exact same EV and therefore are exactly as bad of a bet to make.

Of course it's always going to be like that... even on dice there is no real difference on betting at 5% or at 95% in the end the odds are going to be balanced with the risk/profit. The only real strategy you can really use is a faster strategy that could give you faster profits.

Faster would just result in faster profits . . . For the house.

Fast or slow doesn't matter. You bet 100 on the roulette table, the casino takes 5.
1103  Economy / Gambling discussion / Re: Best strategy in Roulette ? on: February 15, 2016, 01:13:10 PM
0 and 00 only and every bet. It's not on the board to make your odds better Wink

Roulette is the worst odds game in a casino and my fave. Won a lot and lost a lot on it.

Try and play a live Casino where you can see a dealers kinks in their game. Betcoin offers 2 live roulette tables, a common draw table, and multiple stakes including European roulette.

Check em out by clicking threw my sig.

Betting on 0 and/or 00 us the same as betting on any other numbers on the wheel.
1104  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY xpy.io BTCLend LNC. ALWAYS MAKE MONEY :) on: February 15, 2016, 01:50:33 AM
After reading what the SEC accountant wrote, one thing I did not see was anything about the hashlets that were not "sold" but rather what was "converted" hardware into hashlets. Did I miss it or is it not there. Because that would change a lot of the numbers.

-Dave

I'm hoping that the total sold includes all the one's converted, because this society is doomed if people were able to give ganza 20 million cash for hashlets.
1105  Economy / Gambling discussion / Re: Best strategy in Roulette ? on: February 14, 2016, 05:52:17 PM
Red or Black is best strategy i think, it's 50/50, you win or you go home, so it's all about luck

and play with pyramid scheme?  its worst strategy ever.better play with any 12/36 or other, then red or black, at last you will always loose with 50/50 strategy

50 50 chance is better than 33% chance althought the payout is 3x but still red or black is the easy way to double your bet, unless you are not lucky enough and busted everything. But AFAIK most people are play on red and black thing on roulette and only use small bet choose particular number

Beting 50/50 with a 1:1 payout and betting 33% with a 2:1 payout are exactly the same. Stop gambling until you can understand that, because if you don't you will lose all of your money.

What are you saying? 50 50 chance is 2x odds and 33% is 3x odds. I think you are the one that misunderstood thing here. And if you play red or black the odds is always 2:1 and the payout for 33% is sure higher that 2x

That includes your original stake.

If you bet 100 dollars on any group of 18 in roulette, and get it right, you win 100 dollars. 1:1 payout.

If you bet 100 dollars on any group of 12 in roulette, and get it right, you win 200 dollars. 2:1 payout.

The expected value of both of these scenarios is exactly the same, and therefore the bets are exactly the same.

Edit: if you want to include the stake as you do, then yes group of 18 is 2:1 and group of 12 is 3:1, guess what, still exactly the same thing.

Every single bet in roulette (except the first 5(0,00,1,2,3) has the exact same EV and therefore are exactly as bad of a bet to make.
1106  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY xpy.io BTCLend LNC. ALWAYS MAKE MONEY :) on: February 14, 2016, 03:43:12 PM
What if Homero faces some serious prison time and the only way to lessen this is to come up with the 10 million dollars?  His buddy Stuart Fraser of Cantor Fitzgerald steps in and provides him with the $$$ for whatever reason and gets him off the hook.  Is Stuart even worth 10 million?  I was just thinking about the what if scenarios.

The 10 million and the criminal charges/jail would be 2 separate things.

Look to Pirate, first the SEC went after him and he was ordered to pay 40 million, then the FBI went after him and he plead guilty and was sentenced to jail.
1107  Economy / Service Discussion / Re: Are all cloud mining sites ponzis? on: February 14, 2016, 01:25:01 AM
They are all scams because it doesn't make sense to run a legitimate one.

If the miners will generate more coins over the period of the contract than they are charging you, they are throwing money away by giving it to you.

If the miners will not generate more coins over the period of the contract than they are charging you, they would be throwing money away by buying miners and paying to run them. They can just take your x coins, and slowly give you back less than x over time.
1108  Economy / Gambling discussion / Re: Best strategy in Roulette ? on: February 13, 2016, 04:21:50 PM
Red or Black is best strategy i think, it's 50/50, you win or you go home, so it's all about luck

and play with pyramid scheme?  its worst strategy ever.better play with any 12/36 or other, then red or black, at last you will always loose with 50/50 strategy

50 50 chance is better than 33% chance althought the payout is 3x but still red or black is the easy way to double your bet, unless you are not lucky enough and busted everything. But AFAIK most people are play on red and black thing on roulette and only use small bet choose particular number

Beting 50/50 with a 1:1 payout and betting 33% with a 2:1 payout are exactly the same. Stop gambling until you can understand that, because if you don't you will lose all of your money.
1109  Economy / Gambling discussion / Re: Best strategy in Roulette ? on: February 13, 2016, 04:14:00 PM
You can always use something called the James Bond Roulette Strategy. It looks like this:
You are betting $200 total, distributed as follows: $140 on the high numbers (19-36), $50 on the six numbers (13-18), and $10 on zero.
This increases your odds of winning by spreading out your bets.
If the number is between 19 and 36, you will have an $80 profit; if the number is between 13 and 18, you will have a $100 profit, and if the number is zero, then you will have a $160 profit.
The only way to lose is if a number between 1 and 12 comes up, which means a loss of $200, if you lose - then you may try to recover by using Martingale.

What is the expected value of this?

Assuming European roulette:

18 out of 37 times you win 80.

6 out of 37 times you win 100

12 out of 37 times you lose 200.

1 out of 37 times you win 160

(18/37)(80) + (6/37)(100) + (12/37)(-100) + (1/37)(160)

38.92 + 16.21 + (-64.86) + 4.32

-5.41


What is the expected value of putting 200 on any number
(1/37)(7000) + (36/37)(-200)

189.19+ (-194.59)

-5.4

The difference is due to rounding.

Stop spreading horsehit. Every bet on roulette (except 0,00,1,2,3) is exactly the same.
1110  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY xpy.io BTCLend LNC. ALWAYS MAKE MONEY :) on: February 12, 2016, 04:06:50 PM
MrCoins wants someone to fix the scam he fell for. Roll Eyes
https://www.talkxpy.com/topic/1316/xpy-core-is-a-liability


What have they achieved besides giving money to scumbags?
1111  Economy / Gambling discussion / Re: Best strategy in Roulette ? on: February 12, 2016, 03:10:26 AM
I had a freind, it was long time ago, he was playing Roulette in real casinos. He would spend hours jast staying their and watching, watching and counting, remembering numbers. Then when for example there were no red several times he would bet on red and in case of losing he would double his bet, on the red again. If there were no odd numbers, then he would apply same strategy to odd numbers etc. He was in big profit, several thousand dollars, after several months of playing like that. ... He lost everything eventually, not only what he had won, but much more than that.

20 minutes of probability homework or reading this thread would have saved him countless time and tons of money.

The people saying you can't beat roulette are right, know what you are getting into with all gambling games. If you think it's worth the risk and get enough entertainment out of the bets, go play them, but don't expect to win on these games.
1112  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY xpy.io BTCLend LNC. ALWAYS MAKE MONEY :) on: February 11, 2016, 02:57:10 PM
So these geniuses really just changed the name of the hashstakers or whatever to something else? And it was supposed to work this time because of reasons?

I just hope they aren't wasting any more actual money on this shit and just drawing it out so they "lose" the amount they gave to ganza slowly over time by slowly watching their worthless xpy go down the drain.
1113  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY xpy.io BTCLend LNC. ALWAYS MAKE MONEY :) on: February 11, 2016, 03:21:23 AM
My brain starts to bleed if I go to those forums.

What exactly are microprimes supposed to do? And how are the scumbags ripping off the sheep with them?
1114  Economy / Securities / Re: Bitcoin mining project, entry level investment on: February 09, 2016, 02:29:15 PM
I am not willing to sign shit.

If you can't explain how your plan is better than buying 2.1 million worth of bitcoin on the market, in public, your plan is useless.
1115  Economy / Scam Accusations / Re: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action on: February 08, 2016, 11:14:06 PM
There is an article I'll attempt to dig up that talks about agents Force and Bridges.  One of the two were going around attempting to get access to other exchanges systems and had sabotaged federal investigations into other exchanges, including Mt. Gox.  It was because of their actions that the investigation into Mt. Gox was abandoned. 

It's fair to say though that the public will likely never know the details of what other actions of theirs was done that caused the abandonment of investigations into some other exchanges.

Weird how all those events in 2015 stopped cryptsy from calling the police when they got "hacked" in 2014
1116  Economy / Scam Accusations / Re: Leroy Fodor has gone Full-Delusional; StakeMiners is 100% confirmed insolvent! on: February 08, 2016, 10:34:09 PM
I was curious enough to invest some play coins last year and after complaining i got it out end of January. Tx or it didnt happen, of course  Wink

Please DONT Interpret this as endorsement or anything like that.

Quote
Your withdraw has been processed and the details are as follows:

Invested Amount       0.31900414 BTC
2% withdraw fee       0.00638008 BTC
-------------------------------------
Total Withdraw        0.31262406 BTC

Payment was sent:
Withdrawal Address: 1PboFDkBsW2i968UnehWwcSrM9Djq5LcLB

https://blockchain.info/tx/d8c27b64a12f333131a3ff412d6e5e3e446952f16073c9a689d3a02dfc86dd58

Initial Invested  0.20000000 BTC
Total Reinvested  0.11900414 BTC

Total Withdrawn   0.31262406 BTC
Total Payments    0.00133458 BTC


Your Profit on this investment

0.11395864 BTC (56.90%)

Thank you for using StakeMiners.com.

--
Leroy Fodor (cyberpinoy)
StakeMiners.com
CEO

Don't mean to pry, but does that mean you invested .2 btc and somehow were able to withdraw .31 total, even though the value of the portfolio dropped greatly over the course of investment?

The fireworks are going to be great when he runs out of money.
1117  Economy / Gambling / Re: A true Martingale system for sports ;D on: February 08, 2016, 03:48:46 PM
i had used this Martingale system for playing a dice some times ago but this strategy is not working for me and actually i was never thought martingale can use for sport betting but i think use martingale for sport betting have very high risk especially for huge amount bets and i consider that using usual bets is more safe than use this strategy

Well at least here's someone who can attest of having used Martingale for some time and we can have some proofs that it doesn't actually work. I thought Martingale was better suited for sports but I guess I was wrong and it's basically the same as I mentioned earlier as in regular gambling. The house always gets you and in sports is no different, the odds are placed by the bookmakers so they will always have that advantage in the long term.

Don't wait for experience to let you know how it works, do the math and figure it out.

The problem with waiting for the experience is that it works every time, until it doesn't, and then you are fucked.

For a fun math problem, calculate the odds of winning 20 in a row and the odds of losing 20 in a row on your favorite dice site/whatever. then look at how much you win using martingale and how much you lose and see why it's such a bad idea.
1118  Economy / Scam Accusations / Re: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action on: February 08, 2016, 11:54:25 AM
Ya but I'm not amused Sad

I disregarded the warnings and then it was too Late.

Ripple pretty much doubled since they went off line.

At Least the wallet balance hasn't moved.

i agree, it is not amusing that people are financially and emotionally impacted by this.

warnings can be difficult to follow when so much trust is built up through regulation of accounts as it was done at cryptsy

this is where the true deception worked, cryptsy informing customers that the United States Government was monitoring and regulating these emerging financial institutions, in particular in a time of terrorism and the money laundering associated with that, it was easy to believe

take some comfort in the fact all investments are risky
the GFC for one and other numerous scams in supposedly legal markets have caused the same impact on everyday people

does happen everywhere, and is still continuing in supposedly regulated legal markets


Stop believing what people say, start looking at actions. There is a difference between saying they are doing things because the government is making them, and actually doing things because the government is making them.

Either way, the only relevant information about the state of cryptsy was available, and people that lost money ignored it. It was the withdrawal delays. If you ignored them, you did so at your own peril, and now you are paying for it.
1119  Economy / Gambling / Re: A true Martingale system for sports ;D on: February 08, 2016, 11:49:32 AM
I see we have not understood each other, I know Chelsea have lost many of their matches this season, but have they lost 8 consecutive games playing at home ? I think no although not sure.

For those who thing this is a big bankroll, can start out little by little not from 0.01 BTC, but from 0.001 BTC this way more chances of trying this method, but this one needs a lot of patience, that rarely is to be found on gamblers. Cool

And the odds on their next home game are 1.48. How much are you going to bet? What happens to your system if they choke in that game?
1120  Economy / Investor-based games / Re: Instant Bitcoin Doubler [BETA-test] on: February 08, 2016, 05:50:43 AM
This is beyond ridiculous its a clear scam, no business could operate with the set parameters, and no investment could work by instantly sending back double what was deposited, there is no lesson to be learned here, it is simply are you an idiot, or are you not.

There are plenty of lessons to learn.

1: should have been learned a while ago, but shown here again, bitcoin doublers won't pay you coins.

2: forum rank has nothing to do with whether or not someone will give you coins and/or take your coins.

3: reading comprehension is fun.

4: beware unconfirmed transactions.

5-whatever: I'm sure you can learn some stuff if you dig into the protocol and find out exactly how OP could send a "transaction with doubled amount" to everyone who sends him coins and not actually send any coins.

Everything is a learning experience.
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