Chance to lose certain amount of times in a row is linearly corresponding to the total number of times you roll the dice. The more you roll, the bigger is the chance to have many times in a row winning/losing sequence. 10x times in a row is a very small value and expected very quickly. I believe that on the old JD site there were several people with > 30x times in a row winning/ losing sequences, the biggest was something between 32x and 35x in a row sequence, can't remember how much exactly.
There is indeed just one 30+ streak on the old JD, after billions of bets. The longest and second longest losing streak is 32 and 27 bets long respectively, while the longest winning streak is 30 bets long. The full details can be found in https://bitcointalk.org/index.php?topic=610339.msg7060900#msg7060900. I wonder why doesn't a strategy to start martingale after 15 losses be successful if your bankroll can cover upto 20 losses. This way their strategy will be able to take up to 35 losses. Because it makes no sense, lets not talk about the time (it would take you probably months to even make 0.001 bitcoins doing that since you have to bet millions of times) but it would be the same. Imagine we can martingale only until 2 losses. The chances would be like this (assuming its red (R) and black (B) like a roulette) RR RB BB BR So thats 4 possibilities 25% each which means 25% chances of loosing 2 times in a row If you instead wait 1 lost bet before betting: RRR RRB RBR RBB BBB BBR BRB BRR thats 8 possibilities which mean a 12.5% chances of loosing 3 times in a row, 12.5% is way lower thann 25% its half but it just doesnt matter lets say you are betting on red and you get this one a black now its time to bet again from start and start martingale but your chances would still be 25% chances of loosing the next 2 bets If you get a black first the possibilities were: BBB BBR BRB BRR So now BB BR RB RR You have this possibilities (25%) so you are just wasting more time for nothing. |
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too much money. Your account is worth maybe 2 satoshi per tweet at most.
Some people have 100K followers and dont get what your asking when they sell tweets.
I will make you an offer though. 100 litoshi for 50 tweets.
deal?
His account is probably fake but if it was real his price would be reasonable, did you take a look at the twitter campaigns here? They pay up to 0.005 per tweet for less followers than 9k and you can post like 10-20 times so his price is not crazy |
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Followed and retweeted you can see it on my profile : www.twitter.com/lord__enzo My btc address : 14YMXP2zZ4SUxYQR5UJT7nrDNsGnBuWsBN Thanks mate, good luck. |
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The only winners are the people that don't gamble.
i guess more the ones who gamble with brains, the ones who stop playing while they are still in profit and dont do stupid bets And who the hell does that?? And by the way there are no stupid or smart bets in dice, it doesnt matter what you bet, nothing is reaally better than anything else, you are just another gambling addict falling into the gamblers fallacy. No one goes to a casino to win a little profit and then never come back again. as far as i understood he wasnt talking about dice, he was talking about gambling, and also i sometimes quit in time and dont gamble Talking about gambling? Dice is a form of gambling, he didnt specifiy but dice is gambling so my example still stands. You can make profit on sport bets? Yes you can but in order to make profit someone else has to lose, someone has to be that someone else and it doesnt really matter what type of gamble it is, no one goes to play only 1 game and leave forever. |
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The only winners are the people that don't gamble.
i guess more the ones who gamble with brains, the ones who stop playing while they are still in profit and dont do stupid bets And who the hell does that?? And by the way there are no stupid or smart bets in dice, it doesnt matter what you bet, nothing is reaally better than anything else, you are just another gambling addict falling into the gamblers fallacy. No one goes to a casino to win a little profit and then never come back again. |
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Another good faucet for me is the Bitcoinaliens faucet , the one with 5 minutes interval (aside from 1k sat fixed hourly fixed from their another site). The way does this faucet gives is what I look in a good faucet.
Mm for me its not good and probably for other people as well, you have to claim every 5 minutes, thats not good, the profit is definitely better than other faucets per hour if you have the time to sit and claim every 5 minutes, i dont. What i like to do is claim once every hour on different faucets, not too many, simple and easy, if you have the time and really want to spend it claiming faucets then go ahead but its not going to be profitable. 250 x 12 Satoshis is the minimum reward per hour in BTCaliens. Its impossible you get 250 always every 5 minutes. Like mine earlier I hit a jackpot of 15k satoshis from there. And afterwards 50% 400 , 30% 250 and 3% 1000. Overall much better than 1k satoshis per hour or 30mins. I don't get bored waiting and I can monitor it because at the same while fauceting , Im doing my paperworks here in office  Well everyone has different likes to look in a faucet. I just state mind.  Hope my English is fine lol. I know whats the average, they tell you, around 4k satoshis/hour which is good but its not great, you need 100 hours just to get 0.004 bitcoins and thats not good, then again if you have time and the patience to go there every 5 minutes and claim, good for you but personally i cant do that and thats why variable claim periods would be the best solution. |
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Payment sent to all! Users can also retweet our last tweet or share our last posts on facebook and twitter. Users who do this will receive fixed payment of 0.008B for any account type, please specify in your message. Thank you! Tweet: https://twitter.com/CloudThinkIO/status/606229755432681473Thank you! When do we recieve that bonus exactly? I retweeted your last tweet and specifiy it on the post here, i did get paid the 0.002 but didnt get the other 0.008 bonus |
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You can gamble for fun without being greedy, but if you're just playing to win or make profit quickly then you'll likely spiral out of control very quickly and end up in the red losing most of your cash. I think with most vices gambling is about moderation.
Depends on what gambling games, blackjack, poker, yes you can have a lot of fun there even if you lose, you can even play without money but dice? Who has fun playing dice? I have fun winning and when you lose you dont have fun anymore, 99.9% of people that play dice do it to make profit, its obvious, you wouldnt play dice without money, would you? |
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Hi All,
I have tried gambling on dice sites multiple times but sooner or latter i was always in loss, so i would like to know from all the members there experiences and profit they had from dice sites. I wanted to know like how many if us are in profit and by how much?
Thanks
Well thats very shocking that you are losing on dice sites in the long run. Have you tried using some advanced martingale strategies to get an edge? Yeah exactly. Also its not worth gambling at any odds greater than 49.5% as per my opinion unless you are very lucky. What the hell are you talking about?? The other guy was sarcastic, you cant have any edge no matter what strategy you use. And the odds dont matter either, you can bet at 50% or at 1% it will be the same |
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Another good faucet for me is the Bitcoinaliens faucet , the one with 5 minutes interval (aside from 1k sat fixed hourly fixed from their another site). The way does this faucet gives is what I look in a good faucet.
Mm for me its not good and probably for other people as well, you have to claim every 5 minutes, thats not good, the profit is definitely better than other faucets per hour if you have the time to sit and claim every 5 minutes, i dont. What i like to do is claim once every hour on different faucets, not too many, simple and easy, if you have the time and really want to spend it claiming faucets then go ahead but its not going to be profitable. |
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I was looking for something like this as well but the problem with all the sites and programs mentioned above is that they are slow or you have to pay to have full features. What i wanted was something to test million of bets fast, have different options, odds , bet size, increase %
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A similar topic over here : https://bitcointalk.org/index.php?topic=1080218.0As for dice, shouldn't be too hard to build one. I couldn't find any freely available program . But I am sure you should be able to get one built by requesting one in the digital goods section. I didnt even see that thread, i know it shouldnt be hard to build one but i was just wondering if there was one already to save me time and all that stuff, anyways thanks i will lock the thread |
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I know there is no strategy in dice or in gambling in general but im very interested in being able to test different strategies fast, without the need to go to a casino, i know you can write scripts to do it but isnt there any better program to do it? With different options like bet size odds bla bla
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Most of the times you wont stop when you are winning and if you lose lets say 1/4 of what you won, you will start to bet even more to try to recover and eventually lose.
Even if you quit when you are ahead, you will probably come back later and it will be the same thing. Lets be honest there is no one that went to a casino made a few bets, won and stopped FOREVER. That just doesnt happen, if you go to a casino is to win a lot of money not to make little profit, you either go big or you lose.
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Llámenme chapado a la antigua, pero no me gusta para nada lo del nuevo foro, si así crackean el viejo a cada rato, lleno de fixes y con el soporte de una comunidad tan grande y activa como es phpbb, no me imagino el reguero de huecos que habrá que tapar en una versión nueva, más si está basado en javaScript, se pusieron a inventar la rueda y les va a salir caro, lo apoyaría si como dice SigmaAlt fuese algo innovador, P2P o algo basado en la cadena de bloques, o con alguna integración con bitcoin al menos, o si ya no nos gusta éste apoyaría también pasarnos a otro proyecto que consideremos con más experiencia, funciones y seguridad, pero no, el nuevo foro hace lo mismo (o menos), y no tiene ninguna experiencia, pero es nuevo...  . Así se desgasta a una comunidad, implementando cosas que no se necesitan, y haciéndole pagar las consecuencias a los usuarios, quienes tendremos que adaptarnos de nuevo y tendremos que tener paciencia con los nuevos bugs... a ver si aguantamos... no digas tonterias, el foro no lo han ''crackeado'' a cada rato ni de menos, a parte de que el foro ha estado unos pocos dias offline en todos estos años, da igual lo grande que sea la compania o la website siempre habra hackers capaces de hackearla, han hackeado incluso cosas como la NASA, es imposible prevenir algo asi. |
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public dev is important. anonymous devs can disappear to start new coins.
I'll invest in anonymous stuff but it's risky. There can be good reasons why someone is anonymous so you can't just ignore them all.
I like to know the dev. If they have kids and a job... that sucks. If they are free and fully committed, im in for sure.
Every coin is different. You have to do lots of research if your plan is to accumulate and hold for years.
No my plan is not to accumulate and hold for years, im already doing that with btc but obviously is not bringing me any profit right now so instead i decided to use a small part of it into altcoin investments to make some profit, thats why im looking for coins that are volatile, short term trades. |
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This is my 4rd day tweet My twitter profile: www.twitter.com/lord__enzoYou can see the tweet there, i got ~1200 followers 1KL79j77XbmRKYC8XGqjSFVtaX5XJLgvNL I also retweeted the your tweet |
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I opened this thread for questions someone might have with trading. I am interested in getting into bitcoin trading . But I have questions regarding a few terms.
Can someone explain how does shorting work ? I understand it is selling the coin or stock at current price when you expect price to fall. If current price is 10$ then you sell and buy back after it falls to say 7$. Then how do you profit out of it ? It just seems to be minimizing losses .
Its not exactly like that, you are not really selling any coins, you are selling something that you dont own, im not good at explaning this but you can check it here. http://en.wikipedia.org/wiki/Short_%28finance%29Im not really sure how does that apply to bitcoins tho. |
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Thanks to everyone for your ideas and methods, they are definitely good and will help me, i will probably start investing just a little from now to see how things go, if i see im doing well then i will start using more money.
Im going to take a look in the next few weeks for altcoins to invest, maybe even post here what i picked.
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