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@deisik
Assume that there's a football match between team A and Team B. Both teams are exactly equal in strength and the chance of winning is exactly 50% for each of them
After first half ends, all players forget what happened in the first half. So what happened in the first half has no effect on the second half.
Team A lose the first half.
Now the second half is going to be started.
All players have forgotten what happened in the first half.
Do you agree that Team A has a smaller chance to win the game but both teams have equal chance for winning the second half?
Let's come back to the flip game.
First half = 5 first flips
Second half = 5 second flips
Game = 10 flips
You are going to flip a coin 10 times and you will win the game if you win at least one of 10 flips.
You lose the first 5 flips. Do you agree that your chance to win the game has decreased comparing to the time you hadn't flipped any coin?
I am not talking about the next flip. I am talking about the game which is winning one flip out of 10 and you have already tried your luck 5 times.
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Yes it works like that, so to have a chance of being selected for the jackpot you need to bet more than the others, that's exactly what I said.
No. You have chance to be selected for the jackpot even if you wager less than all other participants. Yes it works like that, so to have a chance of being selected for the jackpot you need to bet more than the others, that's exactly what I said. So jackpot hunters should bet bigger amounts to have more chances to be selected.
This is true. Higher the wager amount is, higher your chance is. The two sentences you said are in contrary with each other. |
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After a lot of years inactivity, I visited my old freebitco account and saw that I was able to get 500 satoshi in free rolls.
Currently, the maximum reward you can get is 380 satoshi per hour. And does it increase automatically as time goes?
If you mean increasing the reward over time without wagering or buying lottery tickets, No. As the website says, for increasing the reward, you must wager or buy lottery tickets. |
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Generally, you should be very cautious whenever you enter your private key in a website or an APP. But this doesn't mean every website that asks your private key is a scam. First we should know which website you are talking about.
For example, we can enter our private key in myetherwallet and be safe.
If the website which asks your private key is not open-source, never trust them. If that's open-source, then it needs more investigations.
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I think they can cover everything with their multiply btc. House edge is 5%, which is quite a lot. I buy every week a couple of lottery tickets, but haven't wonthe jackpot yet, maybe one day  What do you mean by jackpot? For winning the jackpot you should have the biggest daily wagering volume. There's another kind of jackpot which you can win it if you roll number 8888 in the dice game. There is no way to win the jackpot only with claiming faucets. |
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The most secured wallet for me is Coinbase because i have used it for years and i don't encounter any system errors such as hacking, slow transaction, security problems and etc. So i think if you are looking for a secured wallet i suggest you should really used Coinbase wallet.
Here we are talking about bitcoin. Bitcoin was created to make us independent from third parties. Does Coinbase make us independent from third parties? You haven't had any problem with Coinbase. But it doesn't make Coinbase the most secured wallet. We can say a wallet is secure if you are the only person who has full control of your fund. Do you have full control of your bitcoin when you use Coinbase? Bitcoin was created to protect our privacy. Does Coinbase allow you to spend your bitcoin if you want to be anonymous? |
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However, that is in direct contradiction to what you have been saying earlier, i.e. "as you progress along a run of losses, reaching 10 losses in a row becomes more likely, not less". Really, how can it become more likely if previous outcomes are in no way determining future ones? I'm just rephrasing what follows from your own words
I ask you a simple question. Which one is more likely? Losing 10 bets in a row or losing 5 bets in a row? Assume that you are going to make 10 bets and your purpose is to win at least one of them. Before the game starts, you are allowed to try your luck 10 times. You lose 5 first bets. Now you have lost 5 of your bets and you can try your luck only 5 times. It's clear that your chance has been decreased. Because you are no longer allowed to make 10 bets. You are allowed to make only 5 bets. As the game goes and you lose the bets, you get closer to completing 10 losing streak. |
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I think you don't know exactly how the players have to play to try to win the jackpot on rocketpot. You must bet a big amount to get the biggest share to be selected. So if you only play for the jackpot you can lose big amounts of money
No, that's not how users are selected for the jackpot. All users who have participated in a round have chance to be selected for the jackpot. A user who wagers more than others has the biggest chance. But that doesn't mean other users cannot be selected for the jackpot. The chance of being selected for the jackpot each of users have is proportional to the amount they wager. For example, If user A wagers 1 mBTC and user B wagers 2 mBTC, the chance of user B for being selected is twice the chance of user A. So, even if you wager 0.01 mBTC you have the chance to win the jackpot. |
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Explaining odds of these games and calculation method (provably fair system) is must have in transparent/fair casino. I hope that we will see that soon.
Here is what they said on January 29 Right now we are adding this information to How to Play and Fairness sections, should be ready by end of week.
They were supposed to release the information about those games by end of the week which was February 2. But nothing has been announced until now. |
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What people also seem to get wrong is not understanding that as you progress along a run of losses, reaching 10 losses in a row becomes more likely, not less This is not what you say now Indeed, people get it wrong thinking that when they progress along a streak of losses (reds), their chances of hitting a green become more likely as they remain the same as ever. But it is as wrong to assume that these chances become less likely (the opposite of more likely) for the whole streak of 10 losses in a row. Why you can't do that I explained in my previous post. You implicitly evaluate and take into account chances of past events where there are no more chances, to begin or end with This is not what o_e_l_e_o meant. Reading previous posts, it's completely clear that o_e_l_e_o knows that different rolls are independent from each other. When you start a game, the chance of hitting 10 reds in a row is 0.5 10. If you lose the first roll, chance of hitting 10 reds in a row will increase to 0.5 9. If you lose the second roll, chance of hitting 10 reds in a row will increase to 0.5 8. What makes you get o_e_l_e_o wrong is that, you are talking about next 10 rolls following the final red you have already hit, but o_e_l_e_o is talking about 10 rolls including previous losses. If you lose 5 rolls in a row, the chance of hitting 10 reds in next 10 rolls doesn't change. That's still 1 in 1024. But the chance of losing 10 rolls in a row (5 previous rolls + 5 next rolls) increases. |
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All information regarding bonuses can be found here: https://luckydice.com/en/bonuses - Jackpot, Leaderboards (Daily, Weekly, Monthly), Cashback, Magic Chests, Faucet "Bonuses" section doesn't contain all information. When you play dice, you have the chance to hit one of three mini-games (Plinko, Wheely, Free Spins), play them and increase the multiplier. The website doesn't contain information about these games. It isn't clear when the user can play Plinko, Wheely or Free Spins. |
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Recent: Google Sheet Tabular sumary for all merited accounts (updated weekly): (user_id, name, datecreated, rank, posts, activity, merit, MeritReceived, startedwith, meritsent, probableInitialRank, url) https://docs.google.com/spreadsheets/d/1mD6cdsQNJ8dauTL-XLi8I0oDG5WBl0z0NeKzXTByNyw/edit?usp=sharing There are a few errors in number of merits started with (Column J) Number of airdropped merit can be only 0, 10, 100, 250, 500 and 1000. But there are some users with other numbers of airdropped merit. | _________________ | _________________ | | Airdropped Merit | Number of Users | | _________________ | _________________ | | 1 | 27 | | 2 | 5 | | 3 | 2 | | 5 | 1 | | 101 | 12 | | 102 | 2 | | 150 | 1 | | 251 | 6 | | 252 | 2 | | 253 | 3 | | 501 | 9 | | 502 | 3 | | 503 | 1 | | 504 | 1 | | 1001 | 11 | | 1002 | 7 | | 1003 | 3 | | 1004 | 2 | | _________________ | _________________ |
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There is a problem with the "leveling" system for now, I have personally tried to wager as much as I can (with all money I have but it was just around 0.0002) and I didn't moved a single bit up. I have been an user for over 5 years now so I am already pretty high up but whenever I gamble it no longer goes further up, I don't know if there is a leveling down but if there is one, by the looks of it I will be leveling down very soon because of it as well.
If you are talking about the bonus added to free rolls, a same question was asked a few days ago and here is what TheQuin answered. It does go up but you need to wait a few minutes and refresh the page before you see it.
Anyway, I agree with you. How the reward increases should be clear. From my experience, the reward increases, but at a very small rate. I feel wagering small amounts like 0.0002 BTC has almost no effect. |
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User: Bitcoin_chaserThis user registered on January 08, 2020 and has made 9 topics till now. All topics contain link to a specific website. All other posts of Bitcoin_chaser has been made on different gambling threads for advertising purposes with links to a website. The most annoying part of posts this user makes is that he/she quotes the whole topic Post history: Page 1Page 2
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How can we be sure that every coin is backed by Gold. Will be grateful if you can provide the answers.
Each gold token is equal to one gram of gold. Now the circulation supply is 9200 tokens. This can be verified via Ethereum explorer. (Visit the link below). https://etherscan.io/token/0x0d16450d347c12c086d6c94c76c5aaac35ea07e0As the explorer shows, no more tokens have been created. The physical gold is stored in BullionStar's vaults. You can use the link below to verify number of 100 gram gold cast bars owned by Digital Gold. https://www.bullionstar.com/myaccount/auditThe account number of digital gold is 17081. Enter 17081 and click on search button. You will see that digital gold own 92 bars. Therefore there are 9200 gram physical gold that back 9200 gold tokens. |
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This is obviously not how Martingale works, because if you win on roll 3 and 17, and lose on all the others, then you will have a >10 loss streak, but your calculation doesn't take that in to account. Your calculation looks at the chance of losing 10 rolls out of 10, over 100 completely separate sets of 10 rolls which are independent of each other.
Let's say I lose the first roll and the second roll and win the third roll. Now I can say that I have won one of 10 first rolls. As all rolls are independent from each other I can say that I skip 4th-10th rolls and the next roll is 11th one. Then I lose 11th-20 rolls and my balance is emptied. (1-x) y doesn't give the chance of not having 10 losses in a row in y consecutive rolls. But it gives the chance of winning when you use martingale strategy and your purpose is to win y rolls. I think there were some problems with my wording. |
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In this case for doubling the balance you must win 1000 times and you can lose up to 10 times in a row. As o_e_l_e_o said, the chance of losing 10 times in a row is only 0.0010787. But the chance of not happening this 1000 times is (1-0.0010787)1000 = 0.34 = 34% Your calculation gives the odds of not getting a run of 10 losses when considering separate sets of 10 rolls each. Provided there is a win at some point in those 10 rolls, then that set doesn't count as an overall loss and you look at the next set of 10 rolls. That's not how Martingale works though. Martingale is a continuous set of rolls, and isn't subdivided in to sets of 10. In your calculation, if the first set of 10 had a win on the third roll, and the second set of 10 had a win on the seventh roll, that isn't accounted for despite there being 13 losses in between the two wins. I completely understand you. I thought about this when I was calculating the probability. Assume that I am using martingale strategy. Whenever I lose a bet and, I double the bet amount and whenever I win a bet, I return to the base a bet. Given my balance, after I return to the base bet, I can lose 10 times in a row. After I win a bet and return to the base bet, I must win at lease one of 10 following bets. If I have a win on the third bet, the first set of 10 is finished and now I am on the second set. Because in the first set, I need at least one win and I have already made that. Now I need to win one of the 10 bets of the second set. Once I win a bet, the set is finished. I can skip the remaining bets of the set and go to the next set. As all bets are independents from each other, I think my assumption is true. Maybe I am wrong. |
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I was browsing and I found this which I thought I'd make it something of my own interpretation and what I found interesting and thought about sharing is how the number of bettors for the last 24h seems to correlate with lunch-time and post-lunch. I suppose most working people try a bit of down-time during lunch time, in any case its an interesting fact.
All people that play in Luckydice are not in a same region as you. Every city has its own time zone. So cannot say which hour people are more active in Luckybet based on that chart. When it's 1 PM in your country, it's 1 AM in another place of the world. That chart shows nothing about the time of the day that people are more active in. |
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From a sig campaign point of view though, it shouldn't be that big of an issue if the campaign manager does his due diligence in terms of at least just glancing over the merit sources
It's difficult for them to join campaigns that pay with bitcoin. But there are many signature campaigns in "bounties" board that users just fill a form and get accepted. Some managers don't even check merit history and previous posts. These merits rank up users and cause them to have bigger pay rate. Although those bounties are not that profitable these days, there are many users interested in them and perhaps they become profitable again if we have a bull run. |
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A while ago, theymos changed bumping system is some boards. But in Service Announcements (Altcoins) board, it is still possible to bump threads with shit posts. Take a look at this thread and see how the thread is bumped by newbies. Many of these posts have been made just after registration. Page 1, Page 2, Page 3, Page 4, Page 5, Page 6, Page 7, Page 8, Page 9Edit: the topic was trashed. |
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