I've thought about it. Two issues for me: First, in the short-to-medium term I think BitBingo pays better. Second, if I campaign with Coinut and a referral link, I will likely post some instructional stuff, which would require more of my time. And right now I DON'T want people imitating me because I could get crowded out.

And finally, I'm concerned you guys are vulnerable to competition. Currently your functionality remains quite primitive, and I'm thinking there are a few guys/teams looking to do you one better. It doesn't appear you have a credible, direct competitor at the moment, but rest assured one is on the way.

Here is an odd fact: My best online table games were when I found myself heads up with a poorly programmed bot. It folded 90% of hands pre-flop. It couldn't have been easier. Don't fear the bots. Identify them, figure out how they play, and then pick their pockets.

Bots are more disciplined, but less intelligent. THAT is a huge opportunity for a skilled opponent to exploit ...

That said, you'll have to go somewhere else to play them, because I haven't seen bots at the Luckyflop ring games.

A couple points:

Be nice to the fish. LUCKYFISH - you're not the first guy to have trouble playing Jorjito, he's just good and you have to be on your game. Just borrow your mom's credit card and have another run at his stack ... it all comes back eventually. The key is, you gotta stay in the game long enough for things to swing your way.

As for these guys being 'unbeatable' - it is not true. You just have to play well. I'm up a little against Bitkiller (I think) ... but a part of that is that I knew not to press my luck when I wasn't fully in the game. He is skilled, and if you are lazy he will take advantage. Here is a key: you have to play them long enough to figure out HOW they play, and let them settle into their pattern. It's like rope-a-dope. You let them grow complacent, and then rape them in their sleep. Lol ... that's my approach anyways. If you try to beat them, without having some type of soul read, the odds are much less favorable.

Suggestion for the binary options:

Instead of a flat .0002 trading fee, make it the lesser of .0002 and 20% of the contract price. Thus a contract that is bought/sold for .0009 would only charge a fee of 20%*.0009=.00018

And a contract that trades for .0002 would only cost a fee of .000040

This change will encourage bigger volumes on your lowest price contracts. Currently I see contracts quoted for prices that are less than the transaction cost, which makes little sense, unless of course your aim is to limit trading.

Hi OP,

Are you aware of any other specific poker rooms that are running iPokerbot in a manner similar to what you had tried?

If so, let me know via PM ... and I give you a generous cut of whatever I can make of it.

Enjoyed your site - best of luck with this.

*It is a very clean, and solid platform ... market is just sooo thin right now, tough on everyone.

Anyone who knew how to do this wouldn't be telling you how ... they'd be too busy doing it themselves. And the opportunity is likely limited, so telling you forces them to share.

But seriously, this is what I would do: Open an account at 796xChange and wait until you see an extreme high or low in BTC price, and then load up on the weekly futures, long or short, for the bounce/retreat. You can get 10x leverage there, so with a 10% price move you double your money. Of course if the btc price moves 10% in the wrong direction you are wiped out.

I send you PM for a direct e-mail.

I'd like to see a btc poker site that offers insurance to the leading hand. I would play this exclusively if it came out.

Yes, the title 'Make 20x profit in 30 minutes' is somewhat regrettable I think. OP was just trying to get the attention of gamblers, as he was posting in the Gambling sub-forum. Investing with options is a specialty that apparently isn't familiar to many btc junkies.

Some options, depending on the strike price, can provide high leverage. A deep in-the-money call might not provide any leverage at all. I'm not sure 'time factor' had anything to do with leverage of the position, per se.

The key is that option strategies can be used to profit from any type of market. Options can help you profit from a flat market, if you place your bets accordingly. THAT is the primary utility of options - you can tailor your risk/reward exposure. Leverage can be had via futures or buying margin. Only options allow one to shape their risk/reward profile in the way they do.

Little secret for you Chris: I don't give a sh*t what you think of me. But thanks for sharing ...

Welcome to my ignore list ass clown. Have a nice day.

Their weekly contracts expire on Saturday, so there are lots of customers who start trading their newly liberated margin. Thus you should always see volume rise significantly around Sunday-Monday immediately following expiration.

Well, lets have a look at my results to-date:

Contracts opened & closed: 1213
Contracts closed at a profit: 1104
Contracts closed at a loss; 109
Total net profit: 1.371 btc
Avg profit per closed contract: .00113
Maintenance margin on each contract: .010 btc
Avg. return: 11.3%
Avg holding period: 9 days (my guess)
Total Commissions & fees paid (at .0002/contract): .2426 btc

That doesn't look like the results of a 'gambler.'

In the end binary options are simply an instrument, like a stock or a bond. It is what you DO with them that make them an instrument of gambling, investing, or whatever ...

Actually, you are looking at this wrong.

You are LUCKY to have won those btc in the first place. And you are LUCKY not to have lost it all in the end.

Once you come to that realization, you are in better position to plot your strategy going forward.

He is among the very very worst players I've played against. I think two things occur simultaneously. Mentally weak players grow frustrated at their constant losses and desperately run multiple accounts in order to try and 'level the playing field', lol. Second, running multiple accounts makes these players lazy, so they play these accounts even worse than the one they started with. Moonf*ck is pathetic, and pathetic on multiple levels.


Bitcoinpoker.gg is a decent site. I (almost) never had problems with the software, the layout is clean and straightforward. The basic issue is that there are too many start-up btc poker sites for the very limited pool of players. It is that simple.

Lol ...

It's a surprise!

Ahhhh LUCKYFISH ...

I've played against both of these guys, separately and together. They play differently, and both reasonably skilled. Both will buff and call you down with what they think is a good draw. I DO NOT think they collude. I've found the best players don't pull silly sh*t like that. These guys don't have to. They are both just looking for action. When you sit down with one, the other may (or may not) also sit in, because your table likely offers the only action at that particular moment. They are both collecting Luckypoints so they want in on lots of hands ...

Fifty percent of poker is picking the right table, the right opponent. These guys are playing better than you FISH, tread with caution ...

Your freeroll this evening was raped by a known multi-accounter, goes by these names:

moonbind
droneprobe
atthegame

These other names looked suspect as well:

guramina
sasquwatch
service

For background on this guy, see the last several posts in the bitcoinpoker.gg thread.

Guys- you gotta police this sh*t or there is no point in running tournaments.

Edit: Yeah, the Ass Clown took both 1st and 2nd place. So much for that ... (I wasn't playing.)

LUCKYFISH called u a bot after you took many chips from him, lol. He was steaming. Based on what he said it sounds like maybe you beat him in a big pot with strt flush over his Ace-high flush. Lol ...

That is not very nice Jorjito ...