My Journey: Can I Win Gambling?

[chriswen]

good argument
 

Fix your quotes.  I thought you were arguing that if everyone stopped when they were ahead the casinos would be out of money.

[1714619261]

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[tjh11]

Can I suggest buying or investing in a casino? I say this because no mater how you look at it the odds are you will lose. It is the most likely outcome for a gambler. If you had a cut of the casino's action then the odds are in your favor and you will most likely gain money.
I know it's not as fun as blackjack, but at the end of a day when you are counting your money you may be happier.

Best of luck!

Hey,
I appreciate your support and advice. Unfortunately, I'm in the US, so I can't run a casino. Playing casino games actually isn't that fun for me, its about making money for me. I figure if I treat it as a job, I can somehow win.

Thanks again!

You can always invest in a casino and it is much more safer than playing in casino . I think there is no restriction for US player not to invest in a casino sites. The rule is that you cant run an illegal casino.  

Hey there,

Trust me, I have had a small profit in the short term plenty of times, and I always ended up getting excited and then going broke.

Enough profit for me to walk away is 1% of what I came in with. I figure if I don't get too greedy, I have a better chance of coming out ahead.

Keep your eye on me, we'll see how I do. Thanks!

1 % of your bankroll is 0.004 btc and you wont be satisfied with that because that is only like 1$, but if you can get 1$ everyday then I cant complain with that  

It's not necessarily safer to invest. Look at all the dice sites that have run off with everyone's money, including investors' cash.

And yes, 1% of my bankroll is 0.004 BTC. I am only going to try and make 0.002 or less per day for the first couple of months, because I can't afford to get greedy.

There is some dice sites which is safe to invest in and your 0.4 btc might get alot more than 1 % that you aim if you are investing in a dice sites or maybe lose a lot of it . Since you only aim for 0.002 btc, what will your strategy be? bet max at the max chance ? you can get 2 % with that method 

I don't have a specific strategy, I'll probably just flat bet, because all tbe dice sites let you win at first. However, if I can help it, I'll be staying away from the dice sites.

Well actually all sites are the same if there is a provably fair there . Flat bet cant always guarantee a win for you too but atleast betting at the max bet with max chance will atleast ensure you some percentage that you wish to achieve but ofcourse it is not always a guarantee that you will winn 

I'm sorry, but provably fair means nothing to me.  In my opinion, it's just complete B-S.

Besides that, thanks for commenting on this thread!

[chriswen]

Yeah probably not all gamblers are going to understand what provably fair is.  That's too bad.

And the fact that dice sites first let you win is a gigantic fallacy.

Lastly I think there's a big difference if you think that casino's would lose money if everyone left when they were at profit.  That's entirely delusional.

[tjh11]

Yeah probably not all gamblers are going to understand what provably fair is.  That's too bad.

And the fact that dice sites first let you win is a gigantic fallacy.

Lastly I think there's a big difference if you think that casino's would lose money if everyone left when they were at profit.  That's entirely delusional.

Ok, I'm glad you voiced your opinion on this thread.

[twister]

I'm sorry, but provably fair means nothing to me.  In my opinion, it's just complete B-S.

Besides that, thanks for commenting on this thread!

Mind telling us why you think it's complete BS?

Are you not interested in finding out whether or not the result of your roll was fair or not? Or do you think that even if they are provably fair, they can still be manipulated. Just asking for educational purposes.

GL with your gambling journey btw, mine hasn't been too pleasant so far.

[chriswen]

Yeah probably not all gamblers are going to understand what provably fair is.  That's too bad.

And the fact that dice sites first let you win is a gigantic fallacy.

Lastly I think there's a big difference if you think that casino's would lose money if everyone left when they were at profit.  That's entirely delusional.

Ok, I'm glad you voiced your opinion on this thread.

No problem.


In case you have a gambling problem.

http://www.helpguide.org/mental/gambling_addiction.php
http://www.ncpgambling.org/help-treatment/
http://www.youthgambling.com/

[tjh11]

I'm sorry, but provably fair means nothing to me.  In my opinion, it's just complete B-S.

Besides that, thanks for commenting on this thread!

Mind telling us why you think it's complete BS?

Are you not interested in finding out whether or not the result of your roll was fair or not? Or do you think that even if they are provably fair, they can still be manipulated. Just asking for educational purposes.

GL with your gambling journey btw, mine hasn't been too pleasant so far.

I think that even if they are provably fair, they can still be manipulated.

Depending on how the site is doing profit-wise, I think they can make you lose or win. No doubt in my mind.

Thanks for wishing me luck!

[tjh11]

Yeah probably not all gamblers are going to understand what provably fair is.  That's too bad.

And the fact that dice sites first let you win is a gigantic fallacy.

Lastly I think there's a big difference if you think that casino's would lose money if everyone left when they were at profit.  That's entirely delusional.

Ok, I'm glad you voiced your opinion on this thread.

No problem.


In case you have a gambling problem.

http://www.helpguide.org/mental/gambling_addiction.php
http://www.ncpgambling.org/help-treatment/
http://www.youthgambling.com/

I didn't thank you for voicing your opinion, I just said I was glad you did.  And I was being sarcastic. So no need to say "no problem." I'd rather you not comment on the thread at all.

You're obviously one of those people who is convinced that sites like primedice.com aren't cheating because they have a string of code that means they are something called "provably fair." But I'll tell you what: To be fair, I'll do my research on the provably fair thing, and I'll come back to you in a week or so and let you know what I've found out. But chances are I won't change my opinion on it.  There's no doubt in my mind bitcoin dice sites are cheating.  But I do want to learn more about it, so I'll be sure to read up on it.

[nizamcc]

There's no one who can win gambling, as in the end, it's the house who will take it all back from you and leave you empty-handed.
That's why it is always said "Don't gamble what you cannot afford to lose". Though, I would like to wish you good luck on your betting, but don't be greedy and you should know where to stop, and you will be fine.

[twister]

I'm sorry, but provably fair means nothing to me.  In my opinion, it's just complete B-S.

Besides that, thanks for commenting on this thread!

Mind telling us why you think it's complete BS?

Are you not interested in finding out whether or not the result of your roll was fair or not? Or do you think that even if they are provably fair, they can still be manipulated. Just asking for educational purposes.

GL with your gambling journey btw, mine hasn't been too pleasant so far.

I think that even if they are provably fair, they can still be manipulated.

Depending on how the site is doing profit-wise, I think they can make you lose or win. No doubt in my mind.

Thanks for wishing me luck!

Actually there are documentation on it that can prove that they can't be manipulated but after reading you other reply I know now that it is just your assumption at this point. Do read on about it and I'll see what you find in a week.

If you want to read, this site has a very simple explanation about it: http://dicesites.com/provably-fair

[tjh11]

There's no one who can win gambling, as in the end, it's the house who will take it all back from you and leave you empty-handed.
That's why it is always said "Don't gamble what you cannot afford to lose". Though, I would like to wish you good luck on your betting, but don't be greedy and you should know where to stop, and you will be fine.

This whole journey is about not being greedy and knowing when to stop. Thanks for your support, I really appreciate it!

[tjh11]

I'm sorry, but provably fair means nothing to me.  In my opinion, it's just complete B-S.

Besides that, thanks for commenting on this thread!

Mind telling us why you think it's complete BS?

Are you not interested in finding out whether or not the result of your roll was fair or not? Or do you think that even if they are provably fair, they can still be manipulated. Just asking for educational purposes.

GL with your gambling journey btw, mine hasn't been too pleasant so far.

I think that even if they are provably fair, they can still be manipulated.

Depending on how the site is doing profit-wise, I think they can make you lose or win. No doubt in my mind.

Thanks for wishing me luck!

Actually there are documentation on it that can prove that they can't be manipulated but after reading you other reply I know now that it is just your assumption at this point. Do read on about it and I'll see what you find in a week.

If you want to read, this site has a very simple explanation about it: http://dicesites.com/provably-fair

I'll definitely read up on it. Who knows, maybe I'll change my mind. I'll let you know in a week or so what I think. Thanks for being polite about it.

I'm checking out the simple explanation now.

[mindrust]

You can win gambling actually, but its a matter of time until you play again and become a loser.

Protip: Play only once, play big. If you win; run away. Do not ever play again. == WINNER.

[Wendigo]

To win gambling you have to open a sportsbook establishment and do some advertising and voila you won gambling

[Bralex]

You can win gambling actually, but its a matter of time until you play again and become a loser.

Protip: Play only once, play big. If you win; run away. Do not ever play again. == WINNER.

How can is it protip ?
If you play once & play big, then you lose, what will you do ? Stop gambling / continue ?

The best way to earn money from gambling is become the owner / investor for bankroll

Lol at the mentality of a very large portion of this thread. Play once bet big then lose get emotional and deposit again to try win your losses back like the majority of people/gamblers do, then lose again chasing your losses it is never left at one bet.

If he plays 'once' and plays big when he losses he thinks he will leave it at that but that is the beauty of gambling it never gets left at that as the OP will show us soon enough. I am curious though so will hang about, maybe you can be lucky enough to cash out and run!

Even being the investors you can lose out, best chance becoming the owner like everything in life..

[CryForMeSky]

As for the math, I get where you are coming from, I really do, but I do feel like casinos would be out of business if everyone who went in walked away when they were up.  I guess we can agree to disagree on that point.

Thanks again for taking the time to comment on this thread, and letting me know your thoughts.  And again, I appreciate you letting me know you're not hating, because as you can imagine, there will be plenty of mathematicians coming on this thread and scolding me for daring to try and come out ahead of the casinos.  (There already have been some)

One last point: As I've thought about it more, I think that the only way I could get to a +ev situation gambling on bitcoin casinos is somehow taking advantage of them letting me win at first.  Because I am very confident that most bitcoin casinos, especially dice sites, let new players win at first.

Yeah...it just seems like you are disagreeing with things that are facts, things that can be proven, and math.  And you aren't showing any sort of proof or results of these thoughts/accusations, you are basically just saying "I want to justify gambling to myself so I'll come up with a set of circumstances where gambling is good". 

[tjh11]

You can win gambling actually, but its a matter of time until you play again and become a loser.

Protip: Play only once, play big. If you win; run away. Do not ever play again. == WINNER.

How can is it protip ?
If you play once & play big, then you lose, what will you do ? Stop gambling / continue ?

The best way to earn money from gambling is become the owner / investor for bankroll

Lol at the mentality of a very large portion of this thread. Play once bet big then lose get emotional and deposit again to try win your losses back like the majority of people/gamblers do, then lose again chasing your losses it is never left at one bet.

If he plays 'once' and plays big when he losses he thinks he will leave it at that but that is the beauty of gambling it never gets left at that as the OP will show us soon enough. I am curious though so will hang about, maybe you can be lucky enough to cash out and run!

Even being the investors you can lose out, best chance becoming the owner like everything in life..

Go ahead and keep watching me, we'll see how I do. Thanks!

[tjh11]

As for the math, I get where you are coming from, I really do, but I do feel like casinos would be out of business if everyone who went in walked away when they were up.  I guess we can agree to disagree on that point.

Thanks again for taking the time to comment on this thread, and letting me know your thoughts.  And again, I appreciate you letting me know you're not hating, because as you can imagine, there will be plenty of mathematicians coming on this thread and scolding me for daring to try and come out ahead of the casinos.  (There already have been some)

One last point: As I've thought about it more, I think that the only way I could get to a +ev situation gambling on bitcoin casinos is somehow taking advantage of them letting me win at first.  Because I am very confident that most bitcoin casinos, especially dice sites, let new players win at first.

Yeah...it just seems like you are disagreeing with things that are facts, things that can be proven, and math.  And you aren't showing any sort of proof or results of these thoughts/accusations, you are basically just saying "I want to justify gambling to myself so I'll come up with a set of circumstances where gambling is good". 

That's definitely not what I'm saying, but you're welcome to believe that.

[iram91445]

i see that you didnt make any profit from the day 1 did you? if not why?

[tjh11]

i see that you didnt make any profit from the day 1 did you? if not why?

I did, I made 0.00195 BTC.  On days 1 and 2 I made 0.00195 BTC, and I think I posted on the first or second page of the thread my day 1 profit.

Thanks!