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961  Economy / Gambling discussion / Re: Playing Slot Games On Demo/Free mode Vs Live/Paid Mode on: August 04, 2023, 11:55:52 AM
The casino or slot provider has fully achieved their goal - they managed to hook some gamblers and raise interest to their slots among others. All these demo/free modes always have much higher winning rate. They are made to show how easy it is to win big. This topic already has more than 300 views, which means there is a chance that among those 300, some would really go play, test and deposit. Personally I am not a fan of demo/free mode. Big numbers can not satisfy greedy gambler inside of me anymore Cheesy Even winning a cent in paid mode is much valuable than billions in free mode. I suggest to play free mode only if want to see how UI works, otherwise there are plenty of casinos that give a bit of free crypto to play for real.

I play a lot using demo mode on slot and I still I didn’t experience winning the maximum multiplier. I think.p many of us here assume demo mode is easy to win big amount is because free money is being use on demo mode which means you can easily increase your bet anytime and chase profit without holding back even if you lose a lot since your balance is nothing.

All I can say is the experience on demo mode vs actual game in regards with winning percentage is just the same. I don’t win frequently big multipliers using the amount of spin I’m using on actual games.
962  Economy / Speculation / Re: Can 1 satoshi be worth $1 in the future? on: August 04, 2023, 11:51:59 AM
Yes, it is possible.
And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1

Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.

If this happened, I think we are not using USD as base currency for Bitcoin conversion to fiat since its already hyperinflation and there’s no way USD is still the global currency. That’s why we should always keep using 1sat=1sat instead of fiat conversion when we are dealing with the transaction fee and Bitcoin valuation in general since since fiat can inflate and those figures is nothing if the buy power is not the same.
963  Other / Beginners & Help / Re: Sell limit order on: August 03, 2023, 04:50:49 PM
Hi, what happens if someone accidentally or deliberately puts a sell order limit at a lower market price? Does it sell directly at the market price or does the sell limit order move to the market price at that moment? Thank you.

If you sell lower to the market price then you order will be filled immediately based on the current sell price until you reach the price level that you set or at the price which the liquidity is enough to absorb your sell order whichever comes first.

The only time your order will be open and place on the order book is if you sell above the current sell price since your order will be place under the buy order list.
964  Economy / Gambling / Re: Duelbits.com | Casino & Sportsbook | VIP | Instant withdrawals!|ARGENTINA & AVFC on: August 03, 2023, 04:36:52 PM
It's exciting to look forward to how Duelbits 3.0 will emerge as a crypto-enabled casino.
Curious about what Duelbits 3.0 will be like, I'm sure there will be many changes that will make users even more interested in playing with the new ideas that will be provided at the 3.0 launch.
At least I don't have to activate the VPN to be able to log in to the site like I currently do.

By the way, I received no message about Duelbits 3.0 other than the message about Duelbits Lottery Has Arrived which I received about 6 days ago in my inbox.

I think the update is focus on the improvements of the casino performance. Making game more faster to load and probably updating the UI/UX to much better design. Your VPN issue will probably not gonna resolve by this upgrade since your problem is about the casino terms and condition since you can’t access the casino due to the restrictions to your country IP.

I’m excited on the giveaway because Duelbits is known for being generous on major event like this. Free spin or cash bonus is in the house.
965  Economy / Gambling / Re: Free Condolence Bonuses to Betnomi victims on: August 03, 2023, 02:45:49 PM
However, not sure how can you validated if they are a victim of Betnomi? do they need to submit some proof like screenshot?

Probably, Trustdice will need proof such as an email for the deposit notification that recently made before the closure and they will classified compensation base on the amount of bankroll of each player made on Betnomi.

But for those who haven't had that proof, can they still take advantage of the free condolence bonus from you?

I doubt that they can benefit on it since this bonus might be abused by those users that will claim that they are Betnomi players. I’m not sure on how they will validate all the claim but I’m sure they have some method which they need to be discreet to avoid abuse.
966  Economy / Gambling discussion / Re: My new favorite betting method. on: August 03, 2023, 02:39:24 PM
On each bet, you are increasing the betting amount and at the same time, you are increasing your odds for which there is an increasing losing chance on the bet. And in this way, there is a low chance to e a winner as on each bet you are increasing the odds. As a result, the possible loss is higher than being the winner.

The odds is a nice topic to talk about, what are the odds to hit an x10? 1/10, what are the odds to hit an x100? 1/100... so, when you are chasing an x540 you have done x539 bets, so, feels like we are moving with the odds, in other words, while lowering the chance to win then more bets on the line.

I was confused on reading the OP but good to see this statement of yours for the confirmation before I post here. The strategy is interesting and very greed at the same time. High risk high reward method but with gradual increase is what makes this method interesting to me. This is a good method if there’s a script that we can use on a casino since dice auto mode has limited function which doesn’t have the increased of win chance rate on next bet.

I remember that you created other experiments like this before so I knew that you already tested this before you post. How many total bets you have and what’s the profit ratio in terms of your total bets?
967  Alternate cryptocurrencies / Altcoin Discussion / Re: Potential Threat to XRP on: August 02, 2023, 03:43:12 PM
Why do XRP proponents keep claiming that it's going to replace SWIFT for international transfers?

I think you knew exactly the answer. They are just shilling to boost the token valuation since it’s very common for crypto projects to exaggerate things and connect to big company name to share the spotlight.

Ripple doesn’t even close to swift in terms of the range of customers volume and usability. Ripple supporters including the team is well know for hyping their project ever since they launch this project. Expect more exaggeration coming this project. Why people keeps investing on this centralized project that use blockchain. It’s just same with bank.
968  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: We are looking for Tester our In-House Casino Games on: August 02, 2023, 03:14:05 PM
What’s the exact rate per week or bi weekly because that’s important in able to attract tester here in the forum. Also Bitcoin payment is only accepted currency on this services board or else your thread will be move on altcoin services board. I remember same beta tester job like this before but the payment is based on the bug which the player can find by playing.

Can you confirmed the terms for receiving payments? Lastly, use trusted campaign manager to handle this beta test of yours if you are really serious to hire quality tester here.
969  Economy / Gambling discussion / Re: Do wager affect outcomes in any provably fair games on: August 02, 2023, 01:08:28 PM
I noticed that when I start to play games like keno, limbo, dice, etc. First some bets don't hit and after wagering some percentage of my balance it starts to hit,
How it works? like when we wager we have more probability to hit win, anyone noticed this? Do you know how it works and what is the calculation behind it?, do server sends outcomes by checking our wager?

Wager doesn’t affect the outcome directly but since you are playing more often you are increasing your chance of hitting win since you keep trying. But playing more doesn’t increase your chance of winning since every bet results is independent.

For a better overview, imagine you are betting 100 bets on a 10% win chance rate, The chance of hitting win is higher if you will bet more often since you more chance to try done betting with few counts.
970  Economy / Gambling discussion / Re: FIBA Basketball World Cup 2023 - Betting and Discussions on: August 02, 2023, 12:45:14 PM
Nice thread. I’m surprised that Canada is on the second favorite to win the FIBA. I’m not familiar to there roster so anyone here enlighten me on what’s the backgorund of their roster for the bookie to give that odds for them to win? I was hoping to see Spain, France and Greece to be on that spot.

I wonder if the current odds of Serbia will still the same of Jokic decided to participate on FIBA this year. I think Serbia has a chance to beat USA if Jokic can lead his teammates since no one can stop him in the whole NBA league.
971  Economy / Gambling discussion / Re: Collective bets in local lotteries on: August 01, 2023, 04:29:24 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
Although they indeed increased their chance of winning by doing group lottery ticket by small percentage I think there’s a big problem here on who will claim the prize if ever they win jackpot prize.

Lottery ticket has no owner imprint on it which means anyone who will be greedy on the group can solo rhe profit and hide to others. This is very possible since it’s very common to be greedy if there’s huge money involved so doing this kind of pool is totally absurd unless you have a legal documents that will protect everyone involved for prize split in an event that someone will be greedy. Still, betting solo is the brst thing to do to avoid hassle and trust issues.
972  Economy / Gambling / Re: Whats happening with Betnomi? on: August 01, 2023, 04:15:08 PM
It's over, they finally deleted their public Linkedin page.
https://www.linkedin.com/company/betnomi

Everything was working few days ago:


Sorry to the victims.
Yes, This is a clear sign that they are already decided to exit scam since they are already deleting their online prints to avoid trace for a potential lawsuit.

Too bad they choose to this way after all the expenses they throw for their marketing here in the forum. I’m sure many users here is affected since Betnomi is trusted by many reputable user here due to their promotions.

I think that makes sense even though it seems difficult to recover their good name and fix their problems if one day they come back to this forum and announce their new site, maybe a lot of people will be happy and some will lose faith in them, but I won't waiting for them to really come back to us all, because it looks like they have really left this business.

This assumption has a slim chance to happened. They are already deleting their online track if you read the post above yours.
973  Economy / Gambling discussion / Re: Playing Slot Games On Demo/Free mode Vs Live/Paid Mode on: August 01, 2023, 11:50:06 AM
Is it possible that playing slot game in demo mode has some kind of connection to playing it on live mode, like is your playing data on live mode transferred to demo mode and vice versa if at any point in time for some reason, you switch in-between those modes ?

This is my wuestion too before. Many are claiming that the demo version RNG is rigged which gives user a consistent win. Later on I realized that the demo is not actually easy to win but rather you are not thinking on your bankroll when losing some bets that’s why you don’t notice the losses and only focus on win.

While on actual game, You are focusing on your bankroll and lose bets that’s why you are i patient to spin huge win that result to always quit the game before hitting anything big. This is what I observe when I try to play same number of spin on both actual and demo.
974  Economy / Exchanges / Re: Which CEX did you use and what are your reasons for adopting the exchange? on: August 01, 2023, 11:45:51 AM
What are the things you consider personally before achieving adopting an exchange, there are lots of reasons like the features, non-KYC mandatory, easy user interface, proof of reserve fund, user asset protection and the likes what are your own reasons amidst all and which exchange did you use.

It’s very hard to find nowadays a CEX that doesn’t require KYC especially if you want to use P2P feature of exchange to convert your crypto to fiat and vice versa.

Bybit is the most easy user interface for me next to Binance because it’s features is very easy to understand and it doesn’t have too much function options compared to Binance. There's a Binance Lite feature but the user interface is too plain and simple which some function is not available. Bybit is the most balance exchange for me.
975  Economy / Gambling / Re: 🦊 Betnomi.com | Sportsbook & Casino 🎲⚽ on: July 31, 2023, 04:16:15 PM
let's face it. they are frauds. I'm not tech savvy, so if there's any debt collection activity, I'll join.

I have a loss of 5300 euros.

This is the downside when an online casino turns out to be scam. It’s very hard to sue them because all the victims is scattered and no one is willing to file a case against the casino since it will cost huge sum of money because it’s an international case.

I doubt someone here is willing to group all the victims to file case against Betnomi. Most pf the user will just do necessary acction suchs as red trust feedback and flag on Betnomi reputation.
976  Local / Pamilihan / Re: Anong P2P exchange ang may pinaka fair price? on: July 31, 2023, 04:12:36 PM
May alam ba kayong P2P exchange na mas better rate sa Binance at Bybit?

Okx ang ginagamit ko ngayon dahil minsan close sa Binance or minsan ay mas mataas pa ang price ni Bitcoin sa Okx kumpara sa Binance. Medyo mataas ang premium sa By it na halos kagaya na dn sa Kucoin.

Nagiiba din ang rates base sa availability ng mga seller at buyer sa exchange. I timing mo lng na magbenta nag may trend para mataas ang rate nila dahil gusto ng iba pumasok sa crypto kaya madaming bumibili sa mataas na price.
977  Economy / Gambling discussion / Re: Lets Discuss All Casino/Gambling Related Movies Here on: July 31, 2023, 03:02:13 PM
Movie 21 and God of Gambler is my favorite gambling movie so far. 21 is described already by Yogee at the top of this post. While God of Gambler is the 5 Stud Poker that full surprised since the main character is so good on tricks.

21 inspire to play blackjack and learn card counting before but my dream was crushed since casino nowadays already have a solution to counter card counting. The 5 stud poker is what I didn't pursue studying since it's commonly play with other players while I don't want competition pressure on gambling.
978  Local / Pamilihan / Re: GCrypto high onchain transaction fee on: July 28, 2023, 11:49:09 AM
Parang napagiwanan ng panahon itong gcrypto dahil iyan yung dating flat rate ng mga exchange sa Bitcoin withdrawal noong mababa pa price ng Bitcoin. Sa pagkakaalam ko ay pdax ang gamit nilang exchange kaya hula ko ay pinapatungan nila ng fee yung withdrawal fee ng Pdax since hindi tlaga sa gcash wallet
napupunta yung funds.

Sobrang OP nita at nakakadiscourage sa mga newbie na bibili ng Bitcoin gamit ang gcash dahil sobrang laki ng fee kaya baka akalain nila na ganito talaga ang fee in general.
979  Economy / Gambling / Re: Loophole in stopping Money Laundering through Wagering on: July 28, 2023, 11:45:05 AM
I usually configure "Dice" to give me a 98% win chance to wager a lot more, but I still lose just over $10 for every $1000 wagered. So I lose about 1.1% of my own money, when I wager at 98% win chance.

Now the goal of any money launderer are not to lose any money whilst they are doing it... and 1.1% of $1 000 000 = $11 000! So, it adds up if you are laundering drug money of several million Dollars every week.

Casino usually offer VIP rewards for players such as rakeback that will cover some of this loses plus the tournament prize in case there is since the volume of this sample will guarantee a place on any tournament. I think no one will realyy do this just to gamble since it’s very obvious for the casino to detect a laundering with this method since this is just pure safe bet without the goal of winning any huge amount that is proportion to his total bankroll.

It is easier to setup "fake" businesses and to launder money through the Fiat Banking system.... than doing it through a online Casino, where the risk and security are so much higher.  Tongue

This is very easy to track since fiat transaction on the business is audited. Crypto is the best option to launder imho.
980  Economy / Gambling discussion / Re: Wagering requirements for withdraw on: July 28, 2023, 11:09:56 AM
Why will we forget of reading the terms and conditions of gambling before going into gambling, it's bad but from what I'm seeing concerning gambler we don't need to rush and participate in a gambling without knowing the procedures, then after you have won and what will make you not make a withdraw is because of you have not really read the terms and conditions of the platform, it's not good and basically whoever that want patronize casino platform should make out time to read all the conditions and should also know that they have to make proper documentation for their verification, because a KYC is is the highest documents a casino platforms can ask you to bring.
That still happens to many gamblers, especially novice gamblers who come to casinos because of their interest in a promotion. And they immediately register at the casino without reading the game's terms and conditions, which gets them in trouble when they want to withdraw money. But if the novice gambler or those people would take the time to read the requirements in the casino, they would understand them and would not try to break them and would try to comply with all the rules.

They will not be called novice if they will no do such thing and also most of the gamblers is very impatient when it comes to gambling that’s why they resort on gambling activities to get instant profit. As a long time gambler, I never read a full ToS of any casino because it’s just a waste of time if you are just a casual gambler. I think knowing the key points on the ToS such as the wagering requirements will save you from trouble since everything that listed in there is just a technical rules.

Also knowing the restricted country is one of the main key points to must know on casino ToS.
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