Paid tipsters don't have any trust or reputation. They are con men. If they were good at betting they would bet.

All this system does is allow them to bet risk free. If they are down early they can take bigger risks in hopes to get up, and then the bettor is forced to take bets form someone who probably sucks at betting and/or break the contract.

If they are up early they can do the same thing, hoping for a big score, and then complain that they didn't get paid enough when they gave instructions that would lead to being up x but the bettor didn't make all the bets.

If paid tipsters want to get paid for making good picks, they should bet.

There can be strategies in games that have strategies. poker, blackjack, etc.

Every bet on a dice site has a negative expected value. No matter how you combine them, you will always end with a negative expected value.

What did the police say when you called to report this theft and ask them what happened to Vern?

To be fair, it appears the geniuses running xpy.io managed to find a way to get the morons to pay them to take 18 months to figure that out, so good on them.

exchanging worthless xpy for a new coin that they are going to stake at insane rates sounds familiar to me for some reason. Has anyone ever experienced something like that before? I wonder how that one turned out.

People that can make money by betting on sports make money by betting on sports.

I came up with a few ways to screw over the other person if I was the "tipster" in this situation without even trying.

Stop paying for picks.

Doing it before doesn't mean than could or should do it again.

If they are working with authorities and declaring bankruptcy, doing it will just create more debt and get them in more trouble. If they are just running with the money they have, why would they give any more of it back when they can just keep it all?

It is a fact that you won one time when you did it.

I won one time by putting 1 chip on 1 number. That does not mean it's a good strategy, just like yours isn't a good strategy. both of those strategies have the exact same expected value, so they are essentially the same.

It doesn't really matter, because everything will balance out in the end, but you really should change that up. There's very little point to the bets on the 12s. A common, basic, gambling idea is to make bigger bets when you have a better chance of winning. The bigger your group of numbers, the more likely you are to win, so those should be the bigger bets.

In your situation, it's especially true. Maybe you'll feel better that you "win" when it lands on 1,2,3,6,9,10,11,24,27,30,33,36, but the amount you win on those numbers is way less than how much you lose from your other bets.

It doesn't make much difference, because every method of putting 28 chips works out exactly the same, but you will have some more success if you bet bigger on the bigger groups. The time you took the picture "worked" because you hit a good number, 7. THat's how every strategy "works" it works when you hit your number.

provably fair and 15 losses in a row are not mutually exclusive. if they were all casino sites would be broke already.

They will be profitable, but a very stupid decision.

You don't look at the amount you can sell the coins for later on, you have to compare it to the price of how many bitcoins you can buy today.

You can spend $419.83 on 1 bitcoin today. If you spend $419.83 on a miner or a cloud mining contract that gives you less than 1 bitcoin is stupid, because no matter what the price of bitcoin is, 1 bitcoin will always be worth more than 1 bitcoin.

What do you mean back to?

there has never been anything close to a resolution, or a plan for a resolution.

no april fool's update?

what a crappy ending to this tv show, i want a refund.

That's impressive. they knew they were trolled on the 13th even though on the 15th jim was posting here asking the guy to email cryptsy and that he was starting to think it was a troll on the 17th.

Editing that post to leave that date there instead of making a new post to show how dumb they are is just the type of scummy behavior we've all come expect, I hope.

this is where things get complicated, and why, again, you are fucked because you gave your coins to someone else who is an asshole.

if they really lost those bitcoins and are going to declare bankruptcy, they can't just give you back your doge.

using round numbers for example, if they owe people 1 million dollars, but only have 500k of assets, everyone needs to share the burden equally (unless there are some creditors who have priority for some reason.) You don't get all of your doge back just because they didn't lose your doge while someone who has 1 btc there gets nothing because they lost BTC, that's not how it works. Especially now that they've admitted that they are insolvent. Everyone has to share the fucking equally, not just the people who lost certain coins. Giving you are your doge back while they are insolvent moves them into a new version of law breaking.

good thing you were using martingale to maximize your losses.

Just what we need another topic on the situation.

this happens all the time, and i never lose money, so i just sit back and laugh. A website gets "hacked" and loses all of their customers funds, yet somehow no one on either side is doing what i would do if I was sitting in their shoes, and magically nothing gets resolved. Sorry, I'm just going to sit back and eat my popcorn, if you lost coins, you should be the one asking the basic questions to cryptsy, not me.

And just like the dice games, the odds aren't actually 50/50 so you will eventually hit that losing streak and lose all of your money.

These are not basic facts because they are incorrect.

Yes, it's easier to win on the outside, but you win more on the inside. In the exact same proportion (unless you bet on the first 5 numbers in american roulette, that is worse). A bet on the inside has the same EV as a bet on the outside. it's harder to win, but you win more, so they are the same.

Not going to do all the math, but just want to say that your idea of betting the smallest amount on the bets with the best chance of winning (the groups of 12) is one of the stupider ideas I've seen on here, but overall this "strategy" will have the same expected outcome as any other method you can come up with of distributing those 28 chips around the board.

The gain is simple.

they sold you worthless coins for coins that are worth something. they made a gain, you made a loss.

Someone else asked what a "rise only market" is. Apparently it's a market where once you buy a coin at a certain price, it is impossible to list a coin for sale at a price lower than that. of course someone with 1 functioning brain sell would ask what happens when someone buys a coin for 21 million BTC, since no one can buy a coin for more than that price, it's obvious that the price can't go up forver, it's just a matter of time to find out when people will actually stop buying them and which lucky "investors" will get stuck holding the bag.

Shocking the cryptsy hasn't answered my simple questions.

Also shocking that people that actually lost money to these assholes aren't pressuring them to do the same.

Hard to feel bead for you guys when you miss the most basic stuff.