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Author Topic: How can Bitsler and Primedice cheat players?  (Read 453 times)
veleten
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December 29, 2018, 04:59:01 PM
 #21

~snip~
This is just so perfect. You guys can just read this and this thread is already over.

-snip-
When huge casinos are making thousands of bitcoins every single year and profiting so much that its a wonder how this is not a crime (yes that much profits) it would make NO sense to scam anyone from their point of view.

casinos are making enough money because of the house edge and the ignorance of the vast majority of gamblers as to the simple gambling practices
casinos do not need to cheat you for you to lose , you are bound to lose 1 bitcoin out of 100 bitcoins wagered in the long run, I mean collectively, of course there is variance
but IMHO gamblers lose, on average, way more than 1% house edge
many are oblivious to the math behind the game they are playing, hell , many are in all seriousness claiming that they just have been cheated because they had 15 reds in a row
or they "cannot be losing every time they play on this site" - yes you can if you don't know how to play

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December 29, 2018, 05:07:23 PM
 #22

IMHO gamblers lose, on average, way more than 1% house edge

That is exactly what worries me, it is not as simple as they claim it because of 1% house edge.
I think there this more going on behind the curtain, which is not right.
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December 29, 2018, 06:11:49 PM
 #23

IMHO gamblers lose, on average, way more than 1% house edge


This is very hard to calculate because you need to play a number near infinite to get a real value.
If you have money to lose you can try to play with the minimal amount of bet and get a decent value as result, I think if you can play 10000 games you will get a "real value" but if you test this you most likely you will lose money for obvious reasons.

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veleten
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December 30, 2018, 11:09:31 AM
 #24

IMHO gamblers lose, on average, way more than 1% house edge

That is exactly what worries me, it is not as simple as they claim it because of 1% house edge.
I think there this more going on behind the curtain, which is not right.

I understand your concern,  I myself have been looking at the figures and saw that too many gamblers had not 1-2 or even 5% loss
many were like 20-50% (especially the ones with only so many high roller bets) in the red
but as I pointed out above, people do not know  how to manage their banks ,they chase loss, they engage in extremely risky martingales etc.
I do not exclude the possibility that casinos  cheat, but this would mean the whole cryptography and provably fair is flawed and all of the owners are conspiring against us poor gamblers Smiley
which is very far fetched
RHavar explained it perfectly , reread his posts in this thread

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