Update : resolved

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This cycle is very common, and the best way to deal with it is to realize that the lost money is no longer "yours" and getting it "back" makes no sense. Like would you randomly, in the middle of a day, decide to get back some 1000$ that never was yours to begin with? Probably not, so same thing here. If you had 10$ and lost 5$ - you now have 5$, deal with it, the other 5$ now belongs to someone else.

People really take it to the extreme, the most popular gambler's mistake is valuing the money you've lost WAY more than the money you have left. Also known as "Well, fuck it, i want that 100$ back, if i lose everything i have left - i dont care, so be it"

I guess we are talking about typical casino games like dice&roulette in this context. Since, for example, in poker there is no need to "stop" because if you keep winning its usually linked with the fact that you are playing well and have the edge in the game (obviosly, not always, but most of the time). If you listen to the Phil Ivey's interviews, he always says that if he feels that he is playing bad, and losing, he can stop the session pretty much instantly, but if he plays well and keeps winning, he will not leave the table for hours, and even days.

In dice though, it depends what your initial goal was. If the goal of your session it to get some profit and locked it up - its obviously pretty retarded to keep pushing your luck. But a lot of people roll the dice for whole other reasons, and they wont stop just because they won something, its their choice too, and nothing wrong with that.

In theory, yes. Investing in a well reputable dice site, for example, should be +EV if you are near 100% that is has a sufficient bankroll to deal with swings, and will never just take off and run after first signs of trouble. Its still going to be a very low ROI investment, %-wise.

Making your own site is a whole different thing and is probably about 100x harder to achive, as it would require a ton more money to do so, not to mention gathering a competent group of people to work with.

Thats not really opinion, its a fact. The only difference between manua and autobet is speed of losing your money.

This is false though, all depends on which game we are talking about. Your are not always playing against the house, house can just position himself as a rake taker, and he would not care if you win or lose, therefore you can win by simply taking a money away from other players (and "sharing" profits with the house by giving them rake).

And in some cases, you are playing both against the house and other people (sport betting), and the house does not have the overwhelming advantage there. It has it, for sure, due to the margin, but its not unbeatable. After all, its just people who are setting the betting lines, they are not all knowing perfect beings with complete information about everything.

How does that contradicts anything in the quote? Implying that dice is profitable?

He is actually correct in everything - dice is a game designed to make money from 2 groups : 1) people who are stupid enough to believe in "systems" and "strategy 2) the ones with gambling addiction

Because if you some fun for exchange for your money, its way more reasonble to play something where you have a control over a game - being it poker or sport betting

There is absolutely no way that any "invenstigation" or security check takes (or should take) 10 business days. Its way more likely that they are stalling for time.

This should've been your first alarm bell. There is absolutely no reason for them to stall withdrawal for "a couple of days". What the actual fuck?

My first thought would be : insolvent, scam, dishonest.




Most btc books and casinos dont have a proper bankroll, and operate on the assumption that they will never face a big downswing. But when it happens - they stall, bring up the "fraud team", accuse you of cheating, etc.

Dont have any illusions - if they will decide that its more profitable for them to peace out with your coins and open a new site - they will do it INSTANTLY.

money, or anything of value, is essential to gambling, you cant "gamble without money" - that would be a fallacy, because just rolling a dice (or running a similiar chance-based event) without a wager and a prize is not gambling - its just, well, rolling a dice

50 bucks per coin sounds a bit too high for a made up virtual token and a scam. 0$ is the real price of btc. Right?

I wouldnt be so sure, i can see it going to like 380$ pretty damn easy in a day or so. Sub 300? Probably not, but 350~ or so - decent chance.

Or it just could go full retard and blast to 480$ without any reason instead.

Diligent work applies very well to sport betting (researching a team/player, etc) and poker (overall working on your game, putting tons of hours to studying various concepts)
Self-control is usefull and mandatory there as well, but its mostly useless in games like dice and roulette, where self control wont help you win, so you might as well go full-retard.

What kind of bullshit rule is this? Any major solid bookie would absolutely laugh at absurdity of these "rules".

Absolutely can and is main incoming for a lot of poker players. The luck factor is pretty much nullified when you put 6+ hours a day grinding. Your weekly/monthly sample size becomes so big that its pretty much impossible to face a losing month, (if you are winning player obviously)

Ye, my first thought that it is just a cheap phising attempt.


If they turn out to be legit, they should realize how sceptical this part of the forum is (for the good reason)

Yes it does.

You can have the edge playing directly against the house - in the sport betting. The house operates with 3-5% margin there, but if your knowledge about sport/team/players is superior - its possible to have an edge in the longrun

Another example is poker, but there you are not directly playing against the house, house always wins there because it just takes the rake %. But you can still get a profit from weaker players.


Thats the reason why there are professional poker players and professional handicappers, but no "professional" dice players.

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

Thats only true is gambling also have negative EV (playing vs unbeatable house edge).

Thats, however, is not the case. So there is no much diffence, "buying shares" is literally the same gambling at the core of thigs - you are risking x amount of money to make a profit, because you like the odds that it will happen.