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81  Economy / Gambling / Re: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!! on: September 19, 2019, 02:10:41 AM
Healthy increase in volume, but lower lottery prize, ignore the period that the first prize skyrocket to 1.8-2.0btc (mass multi accounts bot), it's prize now is lesser than 0.5 BTC (which was before that event is 0.5 -> 0.6 btc) but the wager volume right now is much more than before so either it's not really healthy or the prizes have been offset for weeks to pay the Lambo.

No. We look at everything in dollar terms. When the lottery was 0.6, BTC was much lower. So the wagering volume was higher in BTC terms but lower in dollar terms.
Nothing has been changed to offset the Lambo.


A simple check, current peak top wager is 1000+ btc during your lambo event, himself alone can overtake at least 5 times wager amount of the top 10 table at that time,  and the price during that period is 5k-8k5 (few months right before the mega drop to 3k2), simple take 5 times bigger wager, but 2 times btcusd price, not to mention total user accounts now is at least 2x more but the prize is lower.
82  Economy / Gambling / Re: New Dicebot script. Earn 10% fast with low risk. on: September 18, 2019, 09:16:41 PM
I very often hear feedback from all users about the use of bots and that the results of this activity are very good.  I am not yet an active player in gambling, because I’m only trying to understand how it all works in order to explore the possibilities of receiving some kind of income from gambling, and not just the pleasure of satisfying my gambling.  As I understand the bot, this is software that works without human intervention.  But in our case, this is software that pumps money out of the Dice game.  I can’t understand, is it really legal and the administration of the game welcomes this?

They need to welcome, otherwise wagering volume will decrease dramatically. Currently most of the people won't believe bot will work for profit including casino owners that why they did not block it. Bot such as Dicebot or Mydicebot is simply a tool which provide well known settings for you to play, but bot with specific strategy which getting along well with the house edge is rare and if it's there it is hard to believe, that's common sense.

This fact will not change anytime soon, but once it become too danger, casinos will block custom bots other than their built-in auto betting tool.
83  Economy / Gambling / Re: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!! on: September 18, 2019, 12:24:22 PM
I doubt freebitcoin got enough advertisement out of this.

We think it has been worthwhile. We got a lot of coverage on the crypto news sites and a healthy increase in volume.


Healthy increase in volume, but lower lottery prize, ignore the period that the first prize skyrocket to 1.8-2.0btc (mass multi accounts bot), it's prize now is lesser than 0.5 BTC (which was before that event is 0.5 -> 0.6 btc) but the wager volume right now is much more than before so either it's not really healthy or the prizes have been offset for weeks to pay the Lambo.
84  Economy / Gambling discussion / Re: "Provably Fair": How Fair & Provable is it? on: September 18, 2019, 12:03:08 PM

And outcome is not "win" or "loss" that could be set for owner advance. Its random number that was winning number for your game. I don't know how to set it by casino to be sure to win if i'm sure that outcome of my game is provably fair random number.


Yes, there is way to cheat, ie. you bet low and number is 0.49 and the win target is 0.50 thus you would win, but there is the case that they can void it by sending back a HTTP 404, thus forcing you to bet again, which normally the dice bot will change the client seed then it would cause a different result next time.
85  Economy / Gambling / Re: Freebitco gamblin' stream currently live :) on: September 17, 2019, 10:06:10 PM
Undoubtedly, I understand what you are talking about, but it’s very difficult to immediately understand and comprehend.  The situation in which I am today reminds me of the time when I was studying the multiplication plate.  When I was just trying to study it, it was very difficult for me, but over time, in a place with knowledge that I just learned by heart, I came to understand how this all happens.  Now, with this understanding, I can solve multilevel equations mentally, without the help of a calculator.  Now it’s time for me to study the procedure for gambling, which I have yet to understand.

That's the whole concept before something can be concluded thus it's complicated, but once it is concluded you might be surprise that it's required only less than 100 lines of code for the logic (not counting those supporting things for the bot to work i.e: talk with server, catch errors, etc..) and if it work for freebitco.in with 5% edge, it will work on any site since 1% or 2% is max.
86  Economy / Gambling / Re: Freebitco gamblin' stream currently live :) on: September 17, 2019, 11:18:35 AM
That's hardly an admission it is a statement of how gambling works. Some people get lucky and win and others don't. Gambling wouldn't exist if it didn't offer the possibility to win.
That's not correct since the total bets placed is 200,000,000+, lucky alone will not get someone pass this number of bets. If so, when will be the unlucky event happen? will it be 1,000,000,000 or higher/lower?

I do monitor accounts that win but I never have spotted the OP's account that runs the live stream.
It's easy to find out since the bot paused sometimes (which in his term is digout), base on the stat there it's easy to spot (top 20 at least for each month contest), but the harder part is once it is spotted and is deep in PROFIT which will cause you to choose between: admit or deny/ truth or lie.

The account they use to collect referral commissions from the script users has a wagering profit of -0.03670473.
The referrals have a profit of -14.30733113
It's the fact that the majority of the users are still deep into greedy (earning too much per a total amount going to be risked, like i said in previous post which require the user willing to risk decent amount to see a high chance of getting out in profit -- or non-losing state), so it's common to see the overall stat which includes profit/lost from winners/losers -- i see few kids/noobs really there to risk everything at the first try with the bot within minutes due to their lack of understand. And since it is exposed to the public (to let anyone keep an eye on the livestream) no one stupid enough to give his account to collect referral might be the account of his wife or daughter/son or even a poor friend, and the live streamed account might not have a referrer at all since it's profit is 1.5 btc/3 weeks (500 - 550 hours) or 2 btc per month might be enough for him lol. The main point here which I was referring to is the profit of himself playing not the referrals.

Majority of them currently are those have not enough balance to play and those users with that amount of BTC are afraid of since the bot is closed source and get bad reputation here in this forum, as you already see it 99% of the people against it (or him). Due to the "not enough balance issue", the users requested for an alternative to play with alts which majority of us have that amount of required capital (20BTC is not but 20ETH is yes) thus accumulating and come back with you later once the "capital" isssue is resolved. That's the reason he and the users including me keep looking for a good site to start with.
87  Economy / Gambling / Re: BITDICE.me - Crypto Casino 🎰 Now Accepting EOS | Roll Hunt | Bonuses on: September 17, 2019, 10:35:22 AM
Thanks for the suggestion guys! Going to look at the two options. I have a hard time trusting wallets as it is but I do need a multi-altcoin wallet in any case that also makes it easy to swap and doesn't have a shitty reputation.

And yes to whoever asked. CSNO was the token related to the ICO.

You may try coinbase, they have enough alt coins for my purpose, and if you provide ID & resident of supported countries then you can trade, buy otherwise use it as multicoins wallet.

I would strongly advise against using coinbase to store your coins, because coinbase is an exchange and if it gets hacked you loose access to your coins. Secondly once you have verified with them you reveal to the government that you’re using bitcoins, which can land you in trouble if using bitcoins is banned in your country. @slaman29 yeah those are related and they can be bought, and then you can either sell them on the site or choose to gamble with it.


You don't have to verify ID if it is being used as a pure web wallet to send/receive any amount (verify enable trade or buy/sell with USD) and secondly he need a reputable multi-coins wallet, in which all of them out there has their wallet source code closed, who know what's inside and to pick one, rather choose a well known brand rather than any other but their source code is not open.
88  Economy / Gambling / Re: BITDICE.me - Crypto Casino 🎰 Now Accepting EOS | Roll Hunt | Bonuses on: September 17, 2019, 06:06:52 AM
Thanks for the suggestion guys! Going to look at the two options. I have a hard time trusting wallets as it is but I do need a multi-altcoin wallet in any case that also makes it easy to swap and doesn't have a shitty reputation.

And yes to whoever asked. CSNO was the token related to the ICO.

You may try coinbase, they have enough alt coins for my purpose, and if you provide ID & resident of supported countries then you can trade, buy otherwise use it as multicoins wallet.
89  Economy / Gambling discussion / Re: "Provably Fair": How Fair & Provable is it? on: September 16, 2019, 10:32:05 PM
You might just request bot developers to implement this feature for batch checking of the results, i.e: Log server seed hash and client seed of current bet, log previous server seed, hash and client seed before placing next bet (few sites return this data), keep logging it to a local database (doesn't need the checking thing on every bet) the bot users have their own decision to check in batch in which the bot read saved data in local database and check it all, it might helpful to find out if those "provably fair" claimed casinos did something bad or not.
90  Economy / Gambling / Re: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!! on: September 16, 2019, 10:09:39 PM
Free tickets for stuff like this is a bit of a tricky situation. Now we have people who have bought tickets directly and thats great, that money goes directly to the lambo purchasing part (they probably already have that much money anyway) however for people who get deposit bonus tickets, people who earned from affiliates and got it, people who wagered and go it, they are all basically getting a ticket for free without spending their money. This is why casino is actually not profiting as much as people think, just calculating how much tickets where bought times the ticket price doesn't make it justice. Are they making ANY profit?

Well maybe, only wetsuit can answer that (maybe thequin as well) but I doubt the number is that high, I would bet on not making any profit so far.

You might be true, their profit might already drop after 1 or 2 months and the deposit to get free ticket bonus come out right away. They might bet themself on BTC price by 31 Dec 2019 and hope for it new high (to pay less in BTC), just watch in the next 1, 2 months especially in the last month if the BTC price drop near 5000 USD mark you might see bigger promotion. i.e: BTC price at prize payout is 5000, they will need to payout 40 BTC which require their monthly cost of 40/6 = 6.67 BTC.
91  Economy / Gambling / Re: BITDICE.me - Crypto Casino 🎰 Now Accepting EOS | Roll Hunt | Bonuses on: September 16, 2019, 09:41:16 PM
Is the investment option still available?
You mean the CSNO tokens to receive dividends?

You can purchase them on https://zapple.com/exchange

There's also on https://hitbtc.com/CSNO-to-BTC but as usual, many bad reviews where made on hibtc.

Bankroll investment on the same casino which did have an ICO before is a bad move, unless it is agreed by current token holders as well as the purpose is clear which might be used to increase max win or to hold big prize contest in which their current asset can't support it, otherwise seem much more like a scam. If bitdice decide to have bankroll investment without major support then it will fall into the blood bath similiar to betking.

Since there was a good move which lock CSNO token at 400 satoshi (haters can't dump), they might just release a next round ICO if there is demand for the token (users can't buy in exchanges).
92  Economy / Gambling / Re: Freebitco gamblin' stream currently live :) on: September 16, 2019, 07:15:48 PM
~I have gone from 0 to 31BTC in that time span. ~

The site mod admit they "lose to some users", and with your live stream is running 24/7 he can easily spot which account is it, given the scenario he has access to database (beside the owner), just the matter if he is honest enough to admit that you win or just some excuses of those winners are whale players or extremely lucky dudes.
93  Economy / Gambling discussion / Re: My simulations for testing Martingale strategy on: September 14, 2019, 09:10:01 PM
- Calculate a bet size that: if you win a losing streak at n, the profit after that win help the playing balance sustain one more bet (n+1)
For this, you need to have a big initial amount of bet. That cause you to lose even sooner.

Issue here, the thing is you need 1 sat initially not a very big amount as what you think, including changing betting odds will help betsize increase slower. Ultimate target is: the lower the streak the lesser the win, but as the streak become higher the bigger the win.

I.e (few of my initial bet sizes in sat of my current 24/7 live playing strategy)
Size:     1  1  2  3  4  5  7 10 16 24 36 54 82 126 193 296 456 702 1080     20    16     16     16     16     16   17 ...
Odd: 100  5  5  5  5  5  5   5  5    5   5   5  5     5    5     5     5     5      5   200   200   200   200   200   200 200 ...

You may wonder how to work out but I leave it to your research, a tip is that along with 24/7 LIVE play, profit almost reached total capital to lose (0.86 profit / 1.00 capital / 24, 400,000 bets placed).
94  Economy / Gambling discussion / Re: My simulations for testing Martingale strategy on: September 14, 2019, 11:51:30 AM
Your method proven alway lose, I personally tested this numerous of times before coming out better way to sustain it, if you know how to work out the following, there will be chance (no more details to be given here):
- Mix of odds.
- Calculate a bet size that: if you win a losing streak at n, the profit after that win help the playing balance sustain one more bet (n+1) taken into account the martingale (standard definition: next bet alway bigger than previous bet), and so on.
- Take a good plan of balance sizing: playing balance = 1/20 total capital willing to lose.
- Adjust of above calculation so that: it hardly reach 1/2 total capital you willing to lose to win a rare streak.
- Targeting 1/10 ratio of profit vs wager (accumulated profit alway = 1/10 total wagered).

Take note of how long "playing balance bursted" and how much remaining capital will be used to win the rare streak aka continue to deposit and keep betting (with constrain of 1/2 total capital used as above). Collect the statistic, you may found out better strategy.
95  Economy / Gambling discussion / Re: Does Martingale strategy increase your chance of winning? on: September 12, 2019, 11:25:31 AM
Majority of the tests out there do not take into account the earning rate (running current balance) but only calcualate base on original balance. They missed the "moving variable" which is the earning (or profit), as long as it go faster than what is required to win a rare streak, it's still success.

My simulation is very simple. It doesn't use any mathematics. It brute force output for 100 000 gamblers.

Bet, pick random number, win/loss, change balance, change bet, bet, pick random number, win/loss, change balance, change bet ... .... .... thousands/milions of bets .... portfolio doubled - output win

Bet, pick random number, win/loss, change balance, change bet, bet, pick random number, win/loss, change balance, change bet ... .... .... thousands/milions of bets .... portfolio zeroed - output Loss

Repeat 100 000 times.

End output - 30% win 70% loss - rubbish system.

So my simulation gives exactly what are you will get out of your strategy. With 100 000 tests you can be sure that output will be close to statistic distribution.

The differrent is that how did you do it is different from me (adjustment of bet size, sides, odd, etc...) my output from 200,000,000 times per test and multiple sessions of them: 85% win 15% loss (on total sessions done) -- like i said it belong to martingale category, but it's not what people normally do which is multiple by x after lose, but adjusted to meet the needs. You can't apply your tests which is based on your understanding to my tests with my understanding. Simple.
96  Economy / Gambling / Re: Freebitco gamblin' stream currently live :) on: September 09, 2019, 09:34:23 PM
Good. It's very good  Wink It looks really very tempting.  I already feel the desire to experience the same experience as you personally.  I am still not very experienced in gambling and in most cases I am worried that these numbers will mislead me and I will call back my opportunities.

The rule is simple:
1. Losing streaks fall into 3 categories: common, rare, extremely rare.
- Scale your total balance (willing to lose) to beat more than rare streaks.

2. Resolve the "skewness" of the rolled result/number (sometime it tend to appear more on LO, or HI or more EVEN number than ODD and vice versa, this is normally the cause to lose all).
- Introduce some random events into the strategy with aim to normalize/resolve it (simple example: two set of random numbers, if you join them there are common numbers belong to both sets).

3. Be within 1% of people who believe there is method to beat above problem of random numbers (if you are in 99% then please don't mind and leave).
- Albert Einstein supposedly once said: “No one can win at roulette unless he steals money from the table while the croupier isn’t looking.”. Everyone tend to have no doubt on this statement, but at his time he did not have a computer to test, that's the problem for someone to prove it...not 100% correct.

4. Within 1% above, have ball to play (willing to risk few BTCs...recommended is  min 2BTC for Freebitco.in this is the most difficult thing).

His bot solve (1) and (2) for you, and for successfully play with it, you need (3) and (4).
97  Economy / Gambling / Re: BITDICE.me - Crypto Casino 🎰 Now Accepting EOS | Roll Hunt | Bonuses on: September 09, 2019, 09:24:54 AM

Instead of asking this, why dont you take look on their site? I do not think that it will do bad to you. As far as I know you can see what games that they provide just by browse it through the site and everything will be there. So why dont you try it before asking some of this question again for the next time.

Anyway, how things going with bitdice lately? Why I only saw 35 people online?

Bitdice seems fine, you only need to see the bet ID and wager leaderboard for proof that there is always a lot of people playing online! I believe that number is not exactly representative of activity, whether at BD or at other sites. For example at BD it's always generally above 30, but I think so many lurkers don't even go to chat (the whale activity is proof!). And at other sites you see many more online but even their admins know it's actually just a lot of multis hoping to catch rain;)

It's bet ID following FIFO model where you reserve next bet ID after current bet is placed, minimum gap i see is at least 50 sometimes 100, so expecting that much users are actually playing. The online stat might be of those logged in their website via browser and connected to chat without counting those are betting with their API keys.
98  Economy / Gambling / Re: Freebitco gamblin' stream currently live :) on: September 08, 2019, 10:49:58 PM
Make one private version for other site which profile (bet count, profit or loss) can be viewed by the public , once it reach 50 million bets, publish the user name for everyone to verify (or you might just live stream it along with current one). Seeing is believing, once people get it they will join you in Freebitco. This private version might never be published to others since other sites referral income is shitty and might not have good a way to control/ limit the usage of users.

To anyone who interested in, I can confirm that this really work, this dude actually found out something on math & probability studies. I actually made a copy cat bot myself for other site based on understanding his explaination of things (well, surprising that he did not hide but explain the concept inside out)...and it work exactly the same (of course, with less capital needed due to lower house edge), and if you want to see proof, well not yet I am just 40% of 50 million bets count mark (having that much bets is to shut any moron saying that it is just lucky).
You are quite interesting and correctly outlined the current situation, which really looks very good.  Nevertheless, I would like to see the real results of the fact that you or another person used this concept personally and got a decent result.

A decent result, yes. On other site, it work exactly the same with his live stream and is alive 24/7 for almost 3 months (started 3rd week of June, 19).
- Bets: 22,641,361
- Wagered: 9.36300474
- Profit: 0.77323021
- Initial capital: 1.0
- Current balance: 1.77323021
- Max draw down (to win a rare losing streak): 0.62
* Adjusted to meet total 1.0 capital (bet size not as big as his live stream...need 20 coins)
99  Economy / Gambling / Re: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!! on: September 07, 2019, 08:07:35 AM
They have dice initially, thus it's belong to a gambling category at the beginning, it's the smart move of the owner (wetsuit) in which attract as many users as possible and drive them into gamble silently and slowly way. The use of free faucet as the main marketing tool but never let the dice (gambling) thing to be mentioned too much is another smart strategy in which help themself removed from those "comparision lists" with other gambling sites. It's too good to be let alone with 5% house edge and earning their way without any complaint. One more thing is "earning interest daily with your bitcoin", another smart strategy of the owner, instead of calling for bankroll investors and share a high percentage of profit with them he just borrow the fund and pay them 4.08% per year only, as well as to stay away headache of being responsible for making investors happy (yelling all day long for reports, bankroll, profit/loss, dividends). The owner understand deeply how a typical bank work, if you understand how the money move within a bank you would realize the same with this site.

We had our own bankroll a long time before we introduced the interest payments. That was added back when Bitcoin transaction fees were very high for a long period of time. It was to encourage people to leave their coin on the site rather than pay withdrawal fees and to compensate anyone making large deposits against the fees they had to pay to get them there.
User deposits don't form the bankroll but they do act as a buffer to it. ~1500 BTC is quite handing to have sitting there.

"We had our own bank roll", of course and must be at least first two or three years even after that interest model introduced you  must wait for the "buffer" become steady. It's like the bank liquidity and after you managed to maintain a safe level of it, the exceed amount can be used for other purpose., that why i said the owner understand it deeply/ having deep knowledge on a bank model.
100  Economy / Gambling discussion / Re: Does Martingale strategy increase your chance of winning? on: September 07, 2019, 07:05:43 AM
For those who does not experience using this method, they might think that it will improve their chance of winning because they might think losing x10 in a row is impossible. But, for people like me, I would say it's not a working method, hence it will never increase the chance of winning in dice game, in fact, I would call this a recipe for disaster as it's like chasing your loses until you got rekt.
In as much as I don’t really get the calculation accurately right, I am still of the opinion that this martingale strategy   is not as bad as it is been portrayed because I have seen a lot of gamblers that have been successful using this same strategy although I really do not understand how they go about it.

There should be a definitive approach to every decision on how to use a strategy and it is not the strategy itself that does the magic, the chance of either winning or losing 10x in a row is dependent on the player, like I said earlier I have little knowledge about this strategy and I am definitely not in the position to talk about it, I don’t use strategies and I prefer to have my game played not minding if I make loses or win.

You are open minded and is a good thing.

The only strategy to win is martingale (with modification of course) in which earn back everything on a win after a long losing streak. The thing is how one can manage to use the same capital to stay the longest i.e: with 1BTC he stay alive after 10,000 bets on the first try, 1,000,000 bets on the second try, 100,000,000 bets on the third try, and so on....who know if he managed to find out some behaviours of the random system and managed to get along with it (regaining of previous tries and possibility of profit after that).

A good thing for us today is the computer, in which almost everything can be simulated fast enough in which events will occur in 100 years (total bets) can be simulated in few weeks instead thus open the opportunity to find out something on this system.
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