Well i see a 0% house edge casino wont make any money but im sure if some casinos made it like, special day of 0% house edge, they would surely attract a lot of players and theoretically not lose anything
There is a difference between expected profit and actual profit. Just because their expected profit would be zero for that day doesn't mean they would "theoretically not lose anything". They are much more likely to make a profit or loss on the day than they are to break even. thats true but in fiat gambling if you actually go to a casino there is pretty much no edge but in bitcoin things are just different due to the ways sites operate as they dont get many bets compared to vegas casinos who are pretty much garunteed profit due to peoples greed  What makes you think there is "pretty much no edge" in B&M casinos? Double-zero roulette has an edge of over 5%. And I don't know how many bets a typical Vegas casino takes per day. PrimeDice recently announced that they have taken 5 billion bets in the 2 years they've been up. That's 5000 million bets in ~700 days, or 7 million bets per day. I imagine that is more than an average B&M casino takes. Yes thats true but my idea is not making it only 1 day but rather make it occasionally like every sunday or 2 times per month, in the long term it shouldnt affect them and it would definitely make more people interested in that specific casino |
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After a long faucet claiming marathon I can announce that as it stands the current overall average of all faucets on Claimbit.co.uk is a staggering *108,700 Satoshi! <---- Per Hour!
The best faucets by far are the "Epay" Faucets as they pay fairly big amounts more often, they are 1, 5, 10 minute faucets.
*Note this is an average and isn't guaranteed.
I would like to know how much time you spent exactly on claiming them all, i dont think its an hour, right? That would be too much work for such low amount |
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Are you talking about the game? They always had problem, i always got my payment after a few months but still, i told people not to use that site anymore.
And by the way this should be on scam accusations
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Well i see a 0% house edge casino wont make any money but im sure if some casinos made it like, special day of 0% house edge, they would surely attract a lot of players and theoretically not lose anything
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Im a supporter of faucets for new people and your site looks pretty good, maybe making an option to order the faucets from biggest payout to lowest and the claim time too. Just curious have you tried using all of them at once? How much did you get if you tried
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I was playing at Cloudbet tonight and had question that since we can't see wheel. Is it possible it is balanced or stable to make the ball land in one place or area ?
Yes of course it is, are we talking live roulette then they are trained to be able to get it in an area not so much a single number but small group others who are really good can do pretty much anything. If it is online virtual then if it isn't provably fair then yes it can be rigged  Well if it is live is definitely not provably fair because its impossible i guess, they could very well be rigging it but if a lot of people is playing at the time, they dont really win much by doing so because where one player loses the other could be winning. Just dont play live roulette, there is no point, go to a real casino if you want that |
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It also depends if you are looking into the future, you might be winning only 0.2 / month and at this btc price is low but in the future if the price of btc goes up you could have been potentially earning way way more
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I dont care what you think. He earn on this loan 300% this is not normal. I lost 0.2BTC or even more and you told i not be trusted what is wrong with you guys.
And im not scammer.
It doesn't matter if he earned 300% on the collateral - you didn't pay your loan on time and you didn't have an agreement for him to refund the excess value to you. Keep in mind the value of the collateral could have dropped as well (scam accusations on account), in which case you wouldn't be complaining, right? I'm ok with using your terminology - what do you want to call yourself seeing you failed to pay back a loan as promised?You shouldnt call him anything, what if he had problems to pay the loan, wich he obviously did, you cant know what happened exactly. If someone does not pay a loan because he simply cannot i wouldnt call him a scammer, if he doesnt pay it because HE DOESNT WANT TO, now thats a different story |
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I have myself experienced 26 reds in a row while martingaling on 2x. Although it seems impossible that that would happen but it does. Every roll is independent from each other and has the same probability, so you can have 30 reds in a row but that does not mean that 31st roll will be green, it may very well be red again.
That is why it is called gambling and it does depends on your luck. So just play with only the money you can afford to lose and never chase losses.
you can really cover upto 26 lose in a row? that would be a lot even you start with 1 satoshi base bet you would reach yoy .65btc Its actually not that much, the 26 bet would be: 0.33554432 BTC wich is not that big (starting with 1 bet satoshi) In total yea it would be around 0.5 but its still not that much, the only problem betting so low is that you need for example, to make 0.01 profit, 2.000.000 bets in total, even with a bot it would take you soo loong that is not worth it. |
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When I bet on primedice, there is always one fellow who asks, "is it profitable to gamble?" Many time I see those questions, the answer is " no because there is a house edge"
What if a dice site had no house edge? Then would it be able to profit?
What if a dice site has a negative house edge? Will we (the gamblers) start making profit?
I don't think '' no hose edge or negative house edge '' can bring sure benefits to gamblers.Gambling is a sure way of getting nothing.It is gambling not house edge which make the gamblers loose their money.If someone says 0 house edge is good thing then I will say in reply even gambling is good in sense of profit but just for very few persons.Everyone can not win in gambling. Zero edge in standard casino games can potentially waste players time if you are forever at zero profit/loss long term, at least when you lose your money to a casino you can get on and do something else with your life ha, ironic. that theory is not standing sorry. then is there is positive house edge people just lose money forever  sorry but 0 house edge would bring lot more players to try their luck It's not free to run servers and I doubt someone would spend a lot of time building and running the site expecting no return. but the casino would still profit, no matter what its a fact  You are right even with zero house edge casinos or gambling sites still will earn profit from loosing hands.Let's say zero house edge will attract many players in this case. exactly thats my point No they won't, are you seriously thinking people only lose and never win? Statistically, over a very big number of hands/plays/whatever, the casino makes around 0 revenue. There's only one situation where the casino would be making money : Casino has infinite funds and the players have limited funds. Statistically thats only true if the players are betting flat bets, whenever you start using a so called ''strategy'' you risk to lose everything easily. You dont need the casino to have infinite funds just put a max bet limit (shouldnt be too big at first) After you make some profit you can start increasing the limit a little bit. |
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Since you dont mention it directly, does it have to be our screenshot or can we actually post screenshots that we found on google?
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Even with negative house edge is difficult to make profit,because you have to know to have a strategy
moneypot has a way to have negative edge,but even that way,it is really difficult to make profit
No, its not hard, just bet flat bets and you will eventually start making profit forever depending on how big the negative house edge is, will happen sooner or later |
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We are not talking about going all in or not, we started talking about if making a goal is better or not, and clearly is better since you can have a 99% chance of getting 50$ if thats your goal, you would need a lot of money? Yes. But that doesnt change the fact that you would have 99% chances
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Here it is: If you bet your whole bankroll on a single bet in a 1% house edge casino, your expected loss is 1% of your bankroll. If instead you split your bankroll up into a series of bets, starting small and increasing on loss, you can reach the same goal with a slightly higher chance of success. You didn't change the house edge, you just expect to risk less, and so expect to lose less For example, the guy earlier talking about how much you need to have a 99% chance of winning $50 in a casino. Let's assume the house edge is (100/37)% like it is in roulette. That means that the probability of winning a bet times the payout for that bet is 36/37. "chance * payout = 36/37" For example, when you bet on red, the payout is 2x. The chance of winning is 18/37 (there are 18 reds and 37 numbers). 2 times 18/37 is 36/37. When you bet on a single number, the payout is 36x. The chance of winning is 1/37. 36 times 1/37 is 36/37. And it's the same for all the possible bets. So if we want a 99% chance of winning $50 from a single bet on roulette: chance = 0.99 chance * payout = 36/37 payout = 36/37/0.99 = 0.9828x So if we want a 99% chance of winning a single bet, the house will pay us back less than our stake if we win. You can't have a 99% chance of making a profit on a single bet when the house edge is bigger than 1%. So we're going to have to split the bet into a two-step martingale sequence. It turns out that you only need $8839 (*) to have a 99% chance of winning $50, and here's how: We'll bet at 90% (we have to imagine they offer any percentage you like, like dice sites do). The 90% chance bet has a payout of 36/37/0.9 = 1.081081x First bet $616.67 at 90%. If it hits, we get 1.081081 times 616.67 back. 1.081081 * 616.67 = 666.67 and we've made our $50 already, so stop. If we lose that first bet, bet the remaining 8839 - 616.67 = $8222.33 at 90%. If it hits, we get 1.081081 times 8222.33 back. 1.081081 * 8222.33 = 8889.00, and if we take off the 616.67 we lost on the first bet we get 8272.33, and we've made our $50 again. So if we hit either the first or 2nd bet, we're $50 up, and if we lose both we're $8839 down. There's a 10% chance of losing each bet, so a 1% chance of losing them both, so a 99% chance of winning one of them. ie. we only need $8839 to have a 99% chance of winning $50 in a casino game with the same house edge as single-zero roulette. Note that if we put all $8839 on a single bet to win $50, the payout would need to be (8839+50)/8839 = 1.00566x and so the chance of winning would be (36/37)/((8839+50)/8839) = 96.75% So again, we see that trying to win $50 starting with $8839 has a lower chance (96.75%) if you make a single bet and a higher chance (99%) if you split it into two bets, and do a mini 2-step martingale progression. And that's because 90% of the time you only have to make the small first bet, and so you're betting less, and so on average you lose less. (*) set p = 36.0/37/0.9 - 1, then the amount you need is 50*(2*p + 1)/(p*p) = $8838.888888 (The two bet sizes are really 616.66666 recurring and 8,222.22222 recurring) I dont know how to quote from other posts but this was made by dooglus here : https://bitcointalk.org/index.php?topic=610339.780 |
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Of course it depends on luck, but 99% is better than 50% isnt it.
99% is no better than 50 %. The logic will be based on your bet amount. Assuming you are betting with 99 % , you will the bet with your maximum bankroll to ensure greater profit for it rather than a spare change. If your bad luck struck up, you will lose your entire balance with a single click On the other hand if you are betting with 50 % assuming you wont be betting the whole bankroll for it which is much more safer if you "know when to stop" especially after hitting some bad luck stroke P.S : it should be 98 % AFAIK in most dice sites and not 99 % the house always must have an edge to operate a gambling casino or other operation, if people play long enough they lose ,
True, operating a gambling sites with no edge at all is pointless as people are making a gambling sites to make some profit as well You have no idea what you are talking about, someone already calculated, i think dooglus that if you wanted a profit of 50$ and you had 5000$ (im not sure about the exact numbers) you had a 99% chance of doing it. |
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no house edge is risky statisticly looking but based on people greed casino would still profit Statistically looking is not risky, is neutral. If you were to bet flat bets (say 0.01) without increasing the bet or the odds, statistically you would end up getting 0 profit, no loss no win. But if you use, lets say, martingale you would end up loosing anyways, statistically you would survive a little bit longer on average compared to a 1% house edge but the difference is not too significative |
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don't u find this is a big promotion?
No offense but i honestly find your site pretty shitty and after taking a look at your trust, it definitely doesnt inspire me anything good from you so id rather not do anything related with you or your website. Thats my opinion tho. |
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Well what if I say I have a determined goal? Like I reach 0.1 with 0.05? Would it change then knowing I will stop if I reach 0.1?
Setting a goal will not be helping you in reaching profit since at the end it will depends on your luck either but atleast it will help you in not to lose more. In order to set up a goal, you cant set a goal with just " only stop at X profit" but you must set up a goal to stop at X loss too. Nevertheless, A goal doesnt stop a gambler from gambling to keep on gaining more and more. Mark my word for it. You can check on this thread for more proof of my words https://bitcointalk.org/index.php?topic=1052406.0Basically the OP of the site set a goal of only betting for 0.01 BTC and stop after he get a profit of at least 10% of it but guess what, He cant keep up with his words and thus keep on doubling each of his bankroll What the hell are you talking about? Setting a goal does increase your chances of winning, you want a 0.01 profit? Bet 0.2 on 95% ta da your chances are 95% of winning your goal. This has been discussed before and a 0% house edge will be the same, you would still lose whenever you start using a "strategy" Playing with higher winning chance is also not a guarantee that a player will always get profit. Do you remember someone who lost 7000btc in 96% winning chance? And yes, it depends on "LUCK" as what arallmuss said. no shit, sherlock. So your point is that playing with 99% doesnt matter because you can have bad luck :^) The guy who lost 7000 btc in 96% didnt just lose it in 1 bet, he was betting for a long time from i think 2000 btc so yea... Of course it depends on luck, but 99% is better than 50% isnt it. |
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Well what if I say I have a determined goal? Like I reach 0.1 with 0.05? Would it change then knowing I will stop if I reach 0.1?
Setting a goal will not be helping you in reaching profit since at the end it will depends on your luck either but atleast it will help you in not to lose more. In order to set up a goal, you cant set a goal with just " only stop at X profit" but you must set up a goal to stop at X loss too. Nevertheless, A goal doesnt stop a gambler from gambling to keep on gaining more and more. Mark my word for it. You can check on this thread for more proof of my words https://bitcointalk.org/index.php?topic=1052406.0Basically the OP of the site set a goal of only betting for 0.01 BTC and stop after he get a profit of at least 10% of it but guess what, He cant keep up with his words and thus keep on doubling each of his bankroll What the hell are you talking about? Setting a goal does increase your chances of winning, you want a 0.01 profit? Bet 0.2 on 95% ta da your chances are 95% of winning your goal. This has been discussed before and a 0% house edge will be the same, you would still lose whenever you start using a "strategy" |
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certain people have been known to leave feedback for members while being on the default trust list. this has a big impact on the receiving members trust rating. later you find that they are just shills of the other account and do questionable things with said feedback.
There is mainly one thing that people do with trust, take loans, as long as you require a collateral and use escrow you will always be safe, i almost never take in count the trust and you shouldnt either. People who care about feedback is probably because they want to do something bad with it |
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