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761  Economy / Gambling / Re: 🚀 Sportsbet.io - Proud partner of Southampton FC 🚀 on: August 27, 2020, 06:58:36 PM
those whom play SCAM EVOLUTION SHOWS , are all new to betting world or doesnt understand the geometry and they all loose theyr money at end and try to get back to school or university lol

anyway thats friendly advice . you can do what ever you desire Cheesy
If you're implying the games are rigged in some way, say it. If you're instead implying that there is a house edge, then that's some real useless general advice. Or perhaps there's some third option that you're being extremely vague about, simply saying, "ah, scam."

In the context of the promo, unless you're overplaying, even with the odds on the worst available Evolution Games provider option, you'll be +ev by a significant amount.
762  Other / Archival / Re: Some thoughts on the Trust system and Scams on: August 27, 2020, 06:53:48 PM
Flags were created to attempt to supplement the trust system and make scammers more obvious. I feel like there's both sides to a coin; on one hand, banning scammers would prevent them from pulling off more scams, on the other, banning them forces them to create a new account and continue scamming.
That is a weighted coin that you are providing: the two halves are unequal. Preventing scammers from pulling off more scams = good. Forcing them to create a new account and continue scamming = good. Why? Because the only part that you are influencing is the former half of the latter statement: forcing them to create a new account [in the event of a ban]. They are never forced to create a new account, but they always have the ability to do so which multiplies their scamming potential and spread to users. But when you ban them, you take away one of their accounts which is an active threat - focus on the now, rather than what they'll do afterwards, especially if they would have eventually done it anyway.
763  Economy / Goods / Re: Speculative Soup - only 24 cans in existance on: August 27, 2020, 06:48:34 PM

soup kitchen is closed
Yeah, but what do you expect when you try to resell a staple food that can be found at many grocer's worldwide, not only at a high base price but doubling the price upon each unit sold.

Someone took "supply/demand" way too seriously when they were thinking about a microscopic economic space, except they made a microcosm of the microcosm.
764  Other / Beginners & Help / Re: Is Arbitrage legit? on: August 27, 2020, 04:02:30 AM
What about sports arbitrage, I can see that working out quite well but I'm not too familiar if that is a common enough occurrence to really happen. In sports arb I dont see why the user can't just bet on both outcomes and simply profit on the same match. I've seen the concept before but I'm not sure why its not being more widespread than what is is currently.
Arbitrage in sportsbooks is quite common. As long as you have exhaustive match results A and B, you can follow this formula for determining whether the arbitrage is +ev or not:

(payoutA - 1) * (payoutB - 1) > 1.

For example, the obvious case is two 2.01x payouts: this guarantees a profit regardless of the result, and the equation returns 1.0201 > 1
765  Other / Beginners & Help / Re: Is Arbitrage legit? on: August 27, 2020, 03:01:07 AM
Is it viable then to develop my own program and assemble a team in order to scout for opportunities on all the exchange sites, as a hand-developed bot would be legit? And since the concept of arb is legit it should work out overall.
The answer is, "maybe."

The problem is because arbitrage is a known concept, but crypto is a fairly new and niche space. With certain markets, especially for new coins, you will definitely be able to make a profit from arbitrage - even probably manually - but when it comes to major exchanges, I'm unsure about the effectiveness of common strategies. You'd have to innovate or get lucky, I think.
766  Other / Beginners & Help / Re: Is Arbitrage legit? on: August 27, 2020, 02:28:04 AM
If these bots works as they claim, why would they be selling it rather than using it themselves? It would make more sense for them to just run it and keep it a secret right? Also these bots do promise for profits so I'm not too sure yet.
What you just wrote is precisely why the ones that are being sold are not the ones that the developers would actually use. One you start listing an item on the market, you're opening it up to heavy saturation. The profits will either be very minimal, or they will be very quickly.

The opportunity to scam someone is always there, as well, but this happens in nearly every situation.
767  Other / Beginners & Help / Re: Is Arbitrage legit? on: August 27, 2020, 02:19:40 AM
Bots for arbitrage are most definitely not going to land you a profit, but arbitrage in general is a real exploitative strategy of the time/valuation lag in markets.

The problem with buying bots for it are that you run into the likelihood of it being a scam, or the likelihood of the strategy being too saturated by virtue of its being-sold status.
768  Economy / Gambling / Re: Stake.com - Casino & Sportsbook - Lamborghini Giveaway! 🚀 🎰 🏀 ⚾ 🏈 🎾 🥊 🎲 on: August 26, 2020, 10:00:37 PM
How about we just say, 'don't bet what you're not willing to lose', rather than bring about strategies?
House edge is pretty obvious for gamblers, but this case about ten losses streak (same color) and got busted has nothing to do with HE.
Right... house edge was an aside - a secondary point, to note how ignorant gamblers are of the games and RTP.

If gamblers expect long alternating black/red, Martingale is good; conversely, if they expect long streak black/red, Paroli is better. If they don't want to risk anything, don't play.
That's the whole point: rather than tell them a strategy is better because of x or y, you go down a level and bring about the fundamental concept: that there is always a possibility of a loss, and that strategies are algorithms that are still limited to the mechanics of the game.
769  Other / Meta / Re: ban and advice on: August 26, 2020, 08:04:25 PM
I read it, but I don't understand it at all Sad I'm not a native English speaker, but this sounds to me as if you're trying to make it as complicated as possible.
PM me with selected sections if you want me to translate. Wink

1) It is almost impossible to describe my proposal with lesser vocabulary, given the complex nature of the subject.
2) I don't have reasons to further complicate something - or anything else - which is already sophisticated.
3) If you are not native, then what is the point of discussing interpretability?
For what it's worth, I think most people that are invested in BTC technologically should be able to understand it.

Students of higher-level mathematics should be able to handle it sufficiently, I imagine. It's definitely not colloquial language, but you don't have to have academic knowledge to understand it. Some sci-fi readers may even have some fun with the thread Smiley

Interesting themes, for sure.
On-topic: open-and-shut case.
770  Economy / Scam Accusations / Re: Sportsbet.io Funds Missing/Stolen (UPDATED) on: August 26, 2020, 07:59:17 PM
Let me say first off, this was highly unexpected.
The amount that was stolen/siphoned off will be generously added back by them to my account as a token of good will. Kudos To SportsBet.IO
Needs to be highlighted that recovering funds in the case of a compromised account should be a rare phenomenon: it would otherwise create an abusable precedent for people to take advantage of, if they were to follow the same timeline as OP except acting in both positions of thief and victim.
771  Economy / Gambling / Re: Stake.com - Casino & Sportsbook - Lamborghini Giveaway! 🚀 🎰 🏀 ⚾ 🏈 🎾 🥊 🎲 on: August 26, 2020, 06:59:16 PM
Anyway, Martingale is a bad idea. For dice lovers, better do Reverse Martingale (or Paroli), so you don't get big losses. Big wins maybe, just like slots. Six winning streak will give you 64x multiplier.
How about we just say, 'don't bet what you're not willing to lose', rather than bring about strategies? The core problem with the strategy is the faith one has in their success, but they will never reach the "bust point" if the gambler is aware of the realities when they use particular betting systems. Martingale brings you no worse luck than the Paroli system, but the way that the structure of the betting ramp-up is designed is set differently, thus presenting different volatility but if the goal is to minimize volatility then you might as well deposit your balance and walk away.

How many users have hit the "i" icon in Stake games to check the house edge?
772  Economy / Gambling / Re: 🚀 Sportsbet.io - Proud partner of Southampton FC 🚀 on: August 26, 2020, 08:52:05 AM

The previous two days showed the participant pool dropping by 4, from 100 to 96. Those that were dropped are the following:

Code:
ban****5
jer****b
voi****p
yum****0

Remaining participants just got their final prize increased by 4.1%, to 10.41 mBTC.

Unfortunately, I still see the zer****n character in the leaderboard... and the times are quite inaccurate, especially considering they timestamped it with the GMT zone.
773  Economy / Gambling / Re: Stake.com - Casino & Sportsbook - Lamborghini Giveaway! 🚀 🎰 🏀 ⚾ 🏈 🎾 🥊 🎲 on: August 25, 2020, 10:53:11 PM
After this i tried again the martingala system with the lower stake possible and was a failure too. I 100% sure they have an algorithm so they always win in the longer term. Will try to do it later in their live roulette
You are correct! Stake does have an algorithm in place so they always win in the long term. In fact, all edged gambling games have an algorithm in place, and that algorithm is called the game itself.

You understand that all but a select few of the casino games out there are favored against the player, and that there is a thing called house edge?
774  Economy / Reputation / Re: Lucius is signature spammer by dkbit98 ? on: August 25, 2020, 08:02:48 PM
I was fully prepared to bash Lucius when I went through the thread. In fact, that was my original intention: to present a devil's advocate in the presence of many consenting opinions.
There is nothing more to say about how Lucius handled the situation. It was the exact pace that I would have considered from someone that 'aims to curb spam' and it was the minimal number of posts required to stop the conversation.

Analysis:

The first post that starts stepping into this topic from dkbit98's end is #27 and the relevant sections are quoted:

You can try as much as you want but you can't find small smartphone anymore, they are all big and larger than Nokia phone shown before.
So I don't understand people want to have miniature hardware wallet and big smart phones

Tautologically, we can say that dkbit is claiming, "there are no smartphones that are smaller than the Nokia phone," which was answered by Lucius in his response:

They may not be as small as before, but there are some that are quite small (twice the size of today's standard sizes).
PalmPhone - 3.3-inch display or even smaller Unihertz Atom - 2.45-inch display

It sufficiently answers the question, but dkbit98 is unaware of the measurements causing Lucius to answer again.

Then, we're met with this reply:

Who the fuck knows about Unihertz Atom?
Only you probably, as I never heard about it like most people.
What phone do you have? Is it Unihertz Atom??  Grin

It is the epitome of defending a bad take.

Lucius's final post ends the discussion, which means that all the posts required for resolving it were posted - there haven't been any extra posts that seemed unnecessary.


And then, ironically...

Nobody has owned a phone which looks like the Passport for 15+ years.
Wrong.
I still use phone like that and there is nothing wrong it. Working great.
If you like to be tracked everywhere with stupid smart phones go ahead Smiley
775  Economy / Gambling / Re: 🚀 Sportsbet.io - Proud partner of Southampton FC 🚀 on: August 25, 2020, 07:22:23 PM
What do you expect, how many will be in last week or after 50 days reward?
The 3-month period makes it quite long-term. I kind of expect the participant pool to trickle down to sub-80 by the end of the next month. The lowest point was very likely going to be somewhere around 15% of the original participant pool, setting the participant number at roughly 55.
776  Economy / Gambling / Re: 🚀 Sportsbet.io - Get a Price ₿oost on every sport, every day! 🤑🤑🤑 on: August 25, 2020, 09:03:07 AM
Seriously, guys... fix your leaderboard.


The previous two days showed the participant pool dropping by 2, from 102 to 100. Those that were dropped are the following:

Code:
eas****e
Tac****e

Remaining participants just got their final prize increased by 2%, to 10 mBTC.

On the apex of the equilibrium, where now the prize growth is exponential past a 1:1 participant to percent parity. Smiley
777  Other / Beginners & Help / Re: Why don't more people invest in btc? on: August 25, 2020, 12:36:54 AM
The status quo is so because change is slow. People transition slowly from standard to standard because of various factors, whether it be biases, pressure, necessity or accessibility. For example, consider the fact that the market cap of Bitcoin is paltry when compared to that of the top 10 companies by market cap: Apple alone has 10 times BTC's market cap.

Now, although you might agree with the current BTC market cap valuation but most people who don't use the currency will look at it with much more skepticism. Therefore, they may consider the true market cap value to be much lower on behalf of manipulation, high expectations or otherwise. Investing in that, and seeing that there are possibilities of double-digit percent swings is difficult. Plus, everyone is telling you to play the conventional route, whereas Bitcoin looks like a black sheep.
778  Other / Meta / Re: How are we expected to rank up? on: August 24, 2020, 10:37:38 PM
Not sure what bounties are, care to explain? Several others have already mentioned avoiding them. I am also interested in signature campaigns but those are very far in the future, so not worth considering now.
Bounties are those advertisement campaigns, for the reward of tokens/altcoins. What's the difference between these and regular campaigns? Most of them are with newly-created or to-be-created cryptocurrencies, which means that the initial cost of the bounty campaigns is 0 for the founder side (apart from time). This means that it's highly accessible for scammers or otherwise to make fake coins to pump for a quick buck, by using bounty participants to advertise it around.

Moreover, signature campaigns from bounty campaigns flood the forum with spam.
779  Other / Meta / Re: How are we expected to rank up? on: August 24, 2020, 10:02:54 PM
The answer (IMO) is always: "I want to maximize my earnings".
I don't even know how they would keep it up. Spending all this time, especially from this point, just to chase after $50/week campaigns that consume a huge amount of time, unless you sacrifice your dignity and chase after those bounty campaigns and shit all over the forum.

If you live in a low cost of living area, then it might make sense... but usually, the English skill is so poor that it degrades the actual quality of the post - some non-native writers can get away with loose English, but most a lot of spammers are terrible.
780  Other / Meta / Re: How are we expected to rank up? on: August 24, 2020, 09:42:33 PM
The real question at hand is always: "why do you exactly want to rank up?"

Is it for the acclaim, the reputation, the status? Or, perhaps, a financial incentive, perhaps, catalyzed by someone else raving about this elusive thing called a 'signature campaign' which brings about spam across the forum.

Don't do bounties, if you do rank up.
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