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Other / Off-topic / Re: Image Wars
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on: October 01, 2013, 02:15:05 AM
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that escalated quickly
Lmao. Well, I don't think we are beating that.  After that, I think we need to start over  |
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173
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game
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on: September 30, 2013, 01:34:22 PM
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How silly are the investors complaining about invest/divesting??? This is obvious when you sign up for the site. It explains that as other investors invest/divest, your bankroll % can change. Its written directly on the invest tab.
Those investing/divesting could also be wrong and magnify your gains. It works both ways.
mechs has shows to complain over and over again about his investment. first convincing doog to drop to 0.25% when he was stressed out over losses, then trying to convince doog that he should cap investment at 50,000 so he can keep his bankroll %.... now trying to convince doog to add a delay to invest/divest tab?
mechs, Your investment on just-dice is *not risk free*. if you can't afford to lose, do not invest
My english is pretty bad. What I mean is that even if your math are right (didn't check), a less than 1% possibility doesn't make an event unlikely. Like getting a royal flush on a single hand is almost impossible since it's less than 1% chance but it should still happens often on the long run. I don't say nothing is wrong with JD but what is happening is far from impossible so we can't be sure something is wrong. |
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174
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game
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on: September 30, 2013, 12:13:34 PM
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During my 5 years online poker career, I got 3 royal flush. Chance to get one is 0.00015%. How could I possibly got 3 over a couple millions hands? This is way less than 1% chance.  And? If you have 1000 btc and you want to make 10 satoshi every day, how could you possibly lose everything (unless you make one bet with everything )? Calculate the probability to lose everything, variance to get the 10 satoshi daily. You will see. My last answer My answer is not directed to you but to those who think that less than 1% chance event is impossible. I already acknowledged that you can't possibly lose. Your system is absolutely failproof. |
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177
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game
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on: September 30, 2013, 12:02:24 PM
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sorry but this is just not true. either they lie to You and You believe them or they cheat/steal. there is no other way against the house edge.
sure forgot to mention that there are some who have a given time luck until the day they give all back with interest.
If it was not possible to win, no one would ever go to a casino And I am not speaking about 1 or 2 times. That's like Forex markets, while most people are losing money, some traders are making profits. Head asplode. Now like someone suggested, I'm going back to something more productive. |
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178
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game
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on: September 30, 2013, 11:58:18 AM
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If you think that a gambler can win (long term) against a casino with whatever system then don't invest in a casino.
I don't think so. I am sure they do. I personally know some people that do go to the casino (higher than 1% house edge) and win money every month. sorry but this is just not true. either they lie to You and You believe them or they cheat/steal. there is no other way against the house edge. sure forgot to mention that there are some who have a given time luck until the day they give all back with interest. They win some bet every months but don't include the losing one in their overall profit calculation. If they would have really found a way around the house they would get banned pretty fast. |
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179
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game
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on: September 30, 2013, 11:28:18 AM
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If the site manage his bankroll correctly (Kelly criterion) then even if the whale has infinite money then the house edge will eventually get all his money. Trying to always get more players like a casino do is virtually gambling against infinite money.
1) It will over time.
2) The probability is higher that the investment will grow.
3) Divesting when there is more betting volume only reduce profit over time.
Assuming that he will bet over and over, which is wrong. He will always stopped when he got a profit, and considering variance, and his bankroll, it will always happen sooner or later. When exactly did he stop? Last I heard he is still playing. Stopping one day then coming back another day change nothing. It's one long session and even if he quit then another whale will probably come during the lifetime of the casino. stop discussing. Those guys have Investor's Fallacy This is funny. |
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