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8501  Economy / Gambling discussion / Re: [HELP] I mistaken "odds" with "chance" on safedice -- 3.7BTC loss from this on: May 06, 2017, 06:03:07 PM
Please see:

http://image.prntscr.com/image/74e71a6f89b142ac895d18300a6156a3.png

Will safedice help me? I always play 1.5-3x odds on this site, never such high odds. I accidentally mistaken chance for odds, I double every loss on 2.2% chance (45x odds) instead of playing 2.2x game odds

Will safedice help me in this situation it is obvious it was a big mistake ... $5700 is a lot of money to me, i was not going to play in such risky way, i hope they can help me

what do you think.... will safe dice help me Huh Huh

No gambling site would refund in such case. If a casino would start to refund loses, people would just abuse it to drain the house dry of their money. The only case when a casino should do a refund is if some bug or glitch happened that wasn't mentioned in the rules of the game. Just like in law, you can't claim ignorance here, it is always implied that you understand your risks and rules of the game when you start gambling.
8502  Economy / Gambling discussion / Re: why people use dice bot? on: May 06, 2017, 05:38:31 PM

Actually I bet manually even 9900X because if you are lucky you will hit it in few first bets. Running an automated betting for this purpose will leave you with nothing.

Me too, I do always manual betting. There is excitement if you are the one clicking and excited to see the results. Using the script seems boring,  but maybe excited to see your capital accumulated during those bets but also there is a setback, your money can disappear also faster.
to me i think those people who are playing gambling for making money, they like to use dice bot, but those people who are playing gambling for making furn and entertainment then they like to bet manually.  to me i personally like to bet manually as there is more fun in manual betting.
I agree, gambling with Bitcoin manually is one of the things I like about Bitcoin gambling because the thrill is there. Building a bot and gambling with it does not have a real importance to me and gambling with that style make me see gambling just as a task that I have to do within the day. I like to gamble to have a little fun while doing other things when my bet placed so my reasons with gambling may have a different purpose then most people.
Playing manually is really a very important way for getting more fun and entertainment in gambling but some people are using these bot in dice game because they do not want the fun in gambling but they want to get the money which is waiting for them from these games so they start with these bot.

I think everyone have their own definition of fun. Some people have fun while making every bet manually, adjust multiplier and best size, try some strategies, but other people have fun watching their bot doing thousands of bets per minute trying to win using some strategy, maybe even created by the gambler himself. Both type of players can be chasing profits or playing just for fun, so it's wrong to judge people because they prefer to gamble in their own way.
8503  Bitcoin / Bitcoin Discussion / Re: How do you convince people into you using Bitcoin? on: May 06, 2017, 05:14:35 PM
I don't believe that people adopt new currencies because someone convinced them. This sounds very like Bitcoin evangelism, which is quite ineffective - sure it brings some new people to the community, but it's not enough to compete with fiat currencies. I think mass adoption will be reached if Bitcoin will have most of its problem fixed and big companies like Ebay or Amazon will adopt it first so people will start using Bitcoin on their own.
8504  Economy / Gambling discussion / Re: BTC getting too expensive to gamble with on: May 05, 2017, 05:11:15 PM
Bitcoin gambling is still less expensive than fiat gambling, but there are some problems. First, it's transaction fees, right now they are too high for on-chain games, and just add up to some significant sums for those who deposit often. So, altcoins with cheap transaction fees like Ethereum are better for those purposes. The second problem it Bitcoin growth - since gambling has negative expected value, you can consider it as a spending, and with time your past losses keep growing. If you lost $10 one year ago, those money would be $30 today. But the opposite is right too - if you win in bitcoin gambling and save it for later, you'll get much more USD in the future. So Bitcoin gambling is kinda like leveraged gambling, when converted to fiat your losses/winning are multiplied as BTC keeps growing. The same is true for altcoins.
8505  Economy / Economics / Re: What is your best investment strategy? on: May 02, 2017, 07:54:12 PM
I'm trying to invest in many places at once and maintain a health risk/reward ratio. I'm making bigger investments in safer places, like casino bankrolls and smaller investments in popular altcoins - ETH, DASH, Monero. Then I make the smallest investments into the riskiest altcoins. This way I'm protecting myself from big losses and so far it worked very well for me.
8506  Economy / Gambling discussion / Re: GAMBLING & TRADING on: April 30, 2017, 03:03:49 PM
Ok my review: Let say you have 1BTC investment from your hard earned money.

Gambling: In gambling if you bet your 1BTC in a boxing fight, your 1BTC , can become 2BTC in a short time. It can be also 0BTC.. In one just snap.
Next gambling: Your 2BTC can become 4BTC or 0BTC

Trading:
In trading , your 1BTC can become 1.25BTC to 3BTC in few weeks.. If your trading is bad it can be .95BTC but it will not ruin your entire investment. All moves are predictable thru news.


If you invest in some altcoin that have enough volatility to rise 200% in a few weeks, that it is just a likely to crash -200% within the same time. When you want to get fast returns from trading, you invest in risky altcoins and it becomes quite close to gambling. If you stick with safer coins like ETH or DASH, you'll have to wait many months till next price surge and will still have a risk of losing. Investing takes a lot of time while gambling is very fast or even instant.
8507  Economy / Gambling discussion / Re: When is Gambling Like Investing on: April 30, 2017, 02:17:07 AM
If we exclude betting, then gambling can be separated from investing/trading by one thing - determinism of outcomes. In casino games you can calculate your chances and expected value which will always be negative. You can tell that there is -0.5% EV in this game and -2% EV in that game, but when it comes to investing, you can never precisely tell the chances. Even the best investors and traders can only expect something, but never determine the odds of any possible outcome.

Do you say when we invest we can't precisely tell the chances of profit? Invest for me is when you add money to casino bankroll and receive profit when the casino has profit. If you don't do it, you are gambling, not investing.
It's very different, because investment gives profit on long run, while gambling gives losses on long run, but possible huge profit on short run.

Investing in casino bankroll is a rare case when you know the expected value, but more commonly when you invest in business or buy some assets you can't tell the probabilities of any possible outcomes. Casino games are very simple and they are built to be deterministic while real business is very complex and can't be accurately predict. This is the reason why companies like Google or Microsoft can turn their owners into billionaires but casino owners will never have similar returns.
8508  Economy / Gambling discussion / Re: When is Gambling Like Investing on: April 29, 2017, 07:16:08 PM
If we exclude betting, then gambling can be separated from investing/trading by one thing - determinism of outcomes. In casino games you can calculate your chances and expected value which will always be negative. You can tell that there is -0.5% EV in this game and -2% EV in that game, but when it comes to investing, you can never precisely tell the chances. Even the best investors and traders can only expect something, but never determine the odds of any possible outcome.
8509  Economy / Gambling discussion / Re: Bitcoin Gambling Investments on: April 29, 2017, 06:37:31 PM
Week 38 and a nice week Cool








Are you investing with leverage at YOLOdice? If yes, what multiplier did you chose, if not - would you consider making leveraged investment to see how it will perform? Also, did you made any leveraged investments on other sites and what do you think about them as an investor?
8510  Economy / Gambling discussion / Re: the easiest way to make a profit from gambling? on: April 28, 2017, 10:56:54 PM
hello, I would like to try my luck from gambling.

what kind of gambling that you think is easy to make a profit? and what strategies are you using?
Try to bet on things you know will happen, or is very likely to - matches on sports you really understand for example.

You can't predict something that will or might happen, you can't just say that like it is that easy. As you know, sports can have many results,  and may result that can really surprise you.
to me bitcoin is money and earning money is not such an easy job. you need to work for that after that you can expect to get some profit. i think gambling is one of the most risky way of making money although still there are some people who are also earning a good profit from bitcoin but still gambling is really a risky way of making money.

I think people shouldn't view gambling as a money-making method at all, because while you can easily get "free" money, you can just as easily lose what you already have. With jobs you exchange your time and effort for money and you are 100% sure that you will be paid, but with gambling you have just as much and even slightly more chances to become poorer than before. So gambling is more like the opposite of money-making.
8511  Economy / Economics / Re: If Bitcoin had a stable price, would it still be as popular? on: April 28, 2017, 08:10:24 PM
The answer depends on what do you mean by words "used" and "popular". If Bitcoin price was stable, it would be more accepted as a currency, but it's hard to tell how big this effect would be, since there are many other factors that prevent mass adoption. As for trading, in real life nothing stays the same in price for long, unless it's useless (like dead altcoins). So it's unrealistic to think about effects of stale price on trading.
8512  Economy / Gambling discussion / Re: GAMBLING & TRADING on: April 27, 2017, 09:09:25 PM
As a new member and new in bitcoin commutity i want to make some reviews for my own,, and i thinks words from a real peopl can help me..

Ive seen some people who got some profit in gambling sites and also i see investing to gambling websites.. I just want to know is this is profitable that making trading? I just got some ideas on trading difference currency by reading so trading sites reviews.. And they got my attention to start on trading.

People get profit from gambling if they got some luck, but statistically more people lose, so gambling is not suited for making money. As for investing in casinos, it's relatively slow, you'll be earning 1-3% per month. Trading is different, you need to open position and wait weeks and months before you'll see new price shift, which might turn out to be a drop. So everything is risky and to avoid loses you need to learn before starting to put your money at stake.
8513  Economy / Gambling discussion / Re: When to leave the game? on: April 27, 2017, 06:14:43 PM
You can setup a plan for your gambling sessions and put both upper and bottom limits. For example you close your sessions if you win 20-30% of you initial bankroll or if you lose all your bankroll (if it was the sum intended for 1 session). Gambling should be viewed as entertaining so it's better to prolong it by splitting your bets instead of going all in every time and risking to lose all your deposit.
8514  Economy / Gambling discussion / Re: Do you prefer 100% or 150% Welcome bonus ? on: April 26, 2017, 06:19:31 PM
Casinos operate to give profit to its owners, so it would be very naive to think that they would give you free money to bet against the house without any way to make sure that in the end the house will be in profit. So you should always carefully read all the rules before making deposits or accepting bonuses to not get caught in a situation when you can't withdraw your money until certain conditions are met.
8515  Economy / Gambling discussion / Re: Gambling loses and wins on: April 26, 2017, 06:12:13 PM
Lit bit tactic and skill is ok for gambling but it is entire depended on the luck. Few people are lucky and luck always favor them. If such person play gambling, more are the chances that they win mostly but nothing can be said safely in gambling.

This is the kind of superstition that makes some people broke - they simply believe that they are "lucky" and cannot lose, so they keep playing more and more, maybe even winning a good amount of money for some time until the odds start swinging against them. Luck doesn't exist, every bet is determined by random number generator and you can't influence it, so it's very dangerous to think that you can somehow know the outcome of your next bet with more certainty than it is mathematically possible.
8516  Economy / Gambling discussion / Re: Bitcoin Gambling Investments on: April 25, 2017, 09:41:56 PM
I've noticed that there was a few people within Bitcointalk that have invested Bitcoin into different Casino's. I don't really know how that works because the thread style that the Casino owners posted made the thread look like it was one of those get rich today schemes and I didn't want to get into it.
Does anyone know if they actually made people money or is it all just a scam? I am not looking to invest in it, I just want the info.

Thanks.

There's more then "a few" people here who have made casino bankroll investments. Popular gambling sites have hundreds and thousands of bitcoins invested by different users, if sure most of them visit bitcointalk. If you are not familiar with it, it might sound suspicious, just like any other investment, but actually there a big difference between ponzi scams and casinos - casinos don't promise you stable profit, they don't guarantee you any profit at all, investors just expect that because of the house edge more players will be losing more than they win and it will create profit for the house.
8517  Economy / Gambling discussion / Re: Reason Why Casino Bankrupt? on: April 25, 2017, 07:30:52 PM
You need to setup the limit for maximum allowed win per single bet equal to 0.5% of your total bankroll. If you have 100 BTC, players should be allowed to win max 0.5 BTC per single bet, no matter the size of the bet (0.5 BTC with x2 multiplier or 0.05 BTC with x10, etc.). This is the most common reason why casinos go bankrupt - they simply can't cover their loses when some lucky whale gets a win streak, I also suggest you to contact owners of well-established gambling sites to ask more about the business.
8518  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you see alts have chances against Bitcoins? on: April 25, 2017, 03:35:30 PM
People shouldn't dismiss this possibility so easily. Bitcoin intends to replace fiat because it's so much better, so why won't people of the future choose something even more advanced if it will be developed? Or maybe Bitcoin will suffer from forks, scaling issues or some other problems, recently we have witnessed a significant price surge by many altcoins, and BTC share in crypto marketcap keep historically decreasing.
8519  Economy / Gambling discussion / Re: How bring referrals ? on: April 22, 2017, 01:29:03 PM
Create quality content. If you spam your link on forums and social media, it won't give you anything, even if you'll get some clicks, your referrals will be unlikely to make any deposits and wager significant amount. The best way to get referrals is to post your link on your own blog about gambling with lots of good articles. If you want to get referrals on forums, you'll have to make quality posts about gambling while wearing your link in your signature. 
8520  Economy / Gambling discussion / Re: Gambling sites earnings? on: April 22, 2017, 10:39:42 AM
Even if a casino doesn't keep information about their profit open, you can still try to deduce it by looking at their max win per one bet amount. Usually this value is around 0.5-2% of the bankroll, so if you multiply it by 100 you'll get approximate value of their bankroll. This limit exists to protect the house from variance in case some whale will start making bets that represent significant portion of the bankroll.
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