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1301
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Economy / Gambling / Re: Autobets
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on: November 26, 2014, 04:21:02 AM
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no matter what you do, the house edge remains the same. you CANNOT do anything to change this!
Absolutely true. you WILL LOSE in the long run.
Absolutely false. You can make this highly unlikely with betting systems. The vast majority of people who use a betting system correctly will win. These are not incompatible. Imagine a system where you have a 99% chance of winning $1 and a 1% chance of losing $200 and the total number of bets required is always less than 100. The house certainly has a huge edge. But the vast majority of people who use this system will win. And there can never be a "long run" because the total number of bets required by the system is always less than 100. The bold part says it all. If the house has an edge, YOU WILL LOSE whatever betting system you use. Vast majority (99 out of 100) will win negligible amounts (1$) and 1 person will lose a big amount (200$). This will give the house a profit of 100$. Who loses this? The players. When this thing is repeated a 100 times (long run), everybody will lose (100$ each) and the house will win 10,000$ mathematically. So yes, if there is a house edge YOU WILL EVENTUALLY LOSE.That is what I always say. Sooner or later you will end up in the $200 loss group, and I guess before you can win more than 200 times $1 Yes mathematically you will lose once every 100 games/bets. |
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1302
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Economy / Gambling / Re: BetBTC | The First Dedicated Bitcoin Sports Exchange | 1.8 BTC Contest Reward
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on: November 25, 2014, 06:07:40 PM
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How do we know you will not just run away after opening up and taking deposits? Are you a registered company? Who are the people behind this?
If you feel something is not right, then it is not right. Be careful.  Not accusing them of anything yet, but whats the player's security in this? Do we just trust you OP? < That's gonna be very difficult  During the last year we spent more than 1000 working hours and more than 10.000$ on consumers and others just for to develop this entire original platform from scratch. I know it would still need some time to have users' trust, however if you just open the site and take a look, it would be quick and easy to understand that we wouldn't have all this effort building such product to scam some people, make some thousands and then run away.. We thinked big and our goal here is to achieve a big number of players, staying for the long term. If after visiting our site it still doesn't inspire you the necessary confidence, you can still register and stay for BETA, joining the contest we are running with a bounty of 1.8 BTC for the top3, it is free to participate and you have the chance to look by yourself all our potential and features. Ok lets see how it goes. BTW mind giving out the names and profiles of people behind this? Your office location? |
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1303
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Economy / Gambling / Re: Autobets
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on: November 25, 2014, 05:01:00 AM
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no matter what you do, the house edge remains the same. you CANNOT do anything to change this!
Absolutely true. you WILL LOSE in the long run.
Absolutely false. You can make this highly unlikely with betting systems. The vast majority of people who use a betting system correctly will win. These are not incompatible. Imagine a system where you have a 99% chance of winning $1 and a 1% chance of losing $200 and the total number of bets required is always less than 100. The house certainly has a huge edge. But the vast majority of people who use this system will win. And there can never be a "long run" because the total number of bets required by the system is always less than 100. The bold part says it all. If the house has an edge, YOU WILL LOSE whatever betting system you use. Vast majority (99 out of 100) will win negligible amounts (1$) and 1 person will lose a big amount (200$). This will give the house a profit of 100$. Who loses this? The players. When this thing is repeated a 100 times (long run), everybody will lose (100$ each) and the house will win 10,000$ mathematically. So yes, if there is a house edge YOU WILL EVENTUALLY LOSE. |
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1305
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Economy / Gambling / Re: BetBTC | The First Dedicated Bitcoin Sports Exchange | 1.8 BTC Contest Reward
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on: November 25, 2014, 02:15:28 AM
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How do we know you will not just run away after opening up and taking deposits? Are you a registered company? Who are the people behind this?
If you feel something is not right, then it is not right. Be careful. Not accusing them of anything yet, but whats the player's security in this? Do we just trust you OP? < That's gonna be very difficult |
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1310
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Economy / Gambling / Re: Raffle Bitcoin
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on: November 23, 2014, 04:32:55 AM
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How do we know you wont just keep the BTC and run away? Deposit the BTC amount of the chromecast to an escrow and make your site provably fair. Otherwise, this is just a scam!
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1312
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Economy / Goods / Re: $50 Physical starbucks giftcard with receipt for proof
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on: November 22, 2014, 11:10:59 PM
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I have a $50 physical card I am selling for $22 bitcoins
I know prices on egifts cards range from 20%-30% but this is a physical card
I can provide receipt for cash purchase if you'd like
%100 guarantee it will not go bad like the other egifts
We can use escrow, you pay the fees or you go first
If this is a cash purchase, how can you sell so low? |
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1319
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Economy / Gambling / Re: Autobets
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on: November 21, 2014, 06:10:40 PM
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no matter what you do, the house edge remains the same. you CANNOT do anything to change this! you WILL LOSE in the long run.
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