My Journey: Can I Win Gambling?

[tjh11]

Hey everyone on bitcointalk. This is tjh11, and like many of you, I have lost a significant amount of BTC to the bitcoin casinos over the past year or so.

That's about to change. You see, in almost every single one of the sessions that I have played, whether it be roulette, blackjack, baccarat, or dice, I have been ahead at some point. I just haven't left when I was ahead.

I am making this thread to basically document my gambling journey.  I understand a lot of you say that because the house has the edge, no one will come out ahead.  However, you have to understand, if everyone who went into a casino left when they were up, they casinos would have gone out of business a long time ago.

Please don't show any hate, so if you don't have anything nice to say about this thread, please just don't comment at all.

I will be documenting every single gambling session I have, and I will try to limit my sessions to 1-per-day.

Right now my bankroll is at a little over 0.4 BTC.

Wish me luck!

UPDATE #1: Here is the address, so you can view all of my transactions:

https://blockchain.info/address/1Q247kQux52qBLBX4tVXFbX344RyevhmhB

[RodeoX]

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!

[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!

[opossum]

I will take this opportunity to let you know that it is not happening and you may have small profit short term but you will get all excited like the majority and end up going skint.

Out of curiosity what is enough profit for you to walk away from the gambling site? The thing is  people always believe there is more to be won when they do actually have a winning session so as you said this is the reason they don't walk away.

Anyway good luck and I will keep an eye on you, maybe I am wrong and you start breaking casino banks  

[tjh11]

I will take this opportunity to let you know that it is not happening and you may have small profit short term but you will get all excited like the majority and end up going skint.

Out of curiosity what is enough profit for you to walk away from the gambling site? The thing is  people always believe there is more to be won when they do actually have a winning session so as you said this is the reason they don't walk away.

Anyway good luck and I will keep an eye on you, maybe I am wrong and you start breaking casino banks  

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!

[lightlord]

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[98problems]

you have an address or something to track your results? im curious how you will end up

[fox19891989]

How many bitcoins have you lost?

I talked about my gamble experience, I was really lucky in btc gambling, but unlucky in fiat gambling because I didn't research gambling and house edge before. I lost 230 euros in fiat casinos. 200 euros on williamhill, 30 euros on bet365.

After I learnt house edge and gamble basic strategy, I started to make money, I made 1-2 btc from blackjack, 10 btc from dice gamble. Why I can make money from them? Because they have very low house edge, I only play low house edge games, blackjack has 0.4% house edge(if you strictly follow blackjack basic strategy), dice has 1%. If i have good luck, i can defeat casinos because of low house edges. But I couldn't win money from slots because they have insane high house edges around 5%-15%.

Making money from casino is possible, conditions: 1. good luck 2. research the games(blackjack &video poker basic strategies)  3. avoid high house edges games. 4. play in reliable sites, it means the casino doesn't cheat on you. 5. make benefits from promos, like no deposit bonus, faucets.(once I made my 250sat faucet to 30k sat, just playing bj)

[WEBcreator]

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  

[CryForMeSky]

However, you have to understand, if everyone who went into a casino left when they were up, they casinos would have gone out of business a long time ago.

Well, they would make less but they certainly wouldn't be "out of business".  That just isn't how math works.

Also I don't think you understand that by stopping and then coming back the next day and playing again, you aren't "leaving".  You are just pausing.  It's still all one big session.  It seems like you think that somehow by leaving for a day you are going to change the odds or reset the math or something silly like that.  THAT is why casinos are in business, because people use faulty logic to justify punting away their money.

Listen, gambling is fun and if you can afford to lose whatever is in your bankroll, go for it.  But please don't delude yourself into thinking that you found some sort of magical trick that turns a bunch of -ev bets into a +ev situation.

[tjh11]

However, you have to understand, if everyone who went into a casino left when they were up, they casinos would have gone out of business a long time ago.

Well, they would make less but they certainly wouldn't be "out of business".  That just isn't how math works.

Also I don't think you understand that by stopping and then coming back the next day and playing again, you aren't "leaving".  You are just pausing.  It's still all one big session.  It seems like you think that somehow by leaving for a day you are going to change the odds or reset the math or something silly like that.  THAT is why casinos are in business, because people use faulty logic to justify punting away their money.

Listen, gambling is fun and if you can afford to lose whatever is in your bankroll, go for it.  But please don't delude yourself into thinking that you found some sort of magical trick that turns a bunch of -ev bets into a +ev situation.

Trust me, I don't think I've found some "magical trick".  I totally understand that I am playing a negative expected value game.  I also never said that I was leaving by stopping and then coming back the next day.

And yes, the casinos certainly would be completely out of business if everyone who walked through their doors walked away when they were up. That is almost every single person that goes in.

I'm not using faulty logic, I get that I'm playing a negative expectancy game.  Listen, if you don't have anything positive to say, I would really appreciate you not commenting on this thread.

[tjh11]

How many bitcoins have you lost?

I talked about my gamble experience, I was really lucky in btc gambling, but unlucky in fiat gambling because I didn't research gambling and house edge before. I lost 230 euros in fiat casinos. 200 euros on williamhill, 30 euros on bet365.

After I learnt house edge and gamble basic strategy, I started to make money, I made 1-2 btc from blackjack, 10 btc from dice gamble. Why I can make money from them? Because they have very low house edge, I only play low house edge games, blackjack has 0.4% house edge(if you strictly follow blackjack basic strategy), dice has 1%. If i have good luck, i can defeat casinos because of low house edges. But I couldn't win money from slots because they have insane high house edges around 5%-15%.

Making money from casino is possible, conditions: 1. good luck 2. research the games(blackjack &video poker basic strategies)  3. avoid high house edges games. 4. play in reliable sites, it means the casino doesn't cheat on you. 5. make benefits from promos, like no deposit bonus, faucets.(once I made my 250sat faucet to 30k sat, just playing bj)

Hey man, thanks for your advice!  I try to stay away from the dice sites though, because I know they're all rigged.

Thanks!

[tjh11]

you have an address or something to track your results? im curious how you will end up

I'll set up an address for this now.

[tjh11]

you have an address or something to track your results? im curious how you will end up

Here you go: https://blockchain.info/address/1Q247kQux52qBLBX4tVXFbX344RyevhmhB

I'm also going to update the original post with this address.

[GrandmaJean]

it seems to be a cool strategy i might try it out myself

[tjh11]

it seems to be a cool strategy i might try it out myself

It's not really a strategy, I'm just trying to win lol

Thanks!

[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.

[Astargath]

You still didnt say how many bitcoins you lost so we can now when you are making profit because if you lost like 10 bitcoins and you win 1 bitcoin now you are still at -10 .

Other than that good luck, literally good luck.

[GrandmaJean]

it seems to be a cool strategy i might try it out myself

It's not really a strategy, I'm just trying to win lol

Thanks!

well its kinda strategy as you said you will leave the casino with small profit

[WEBcreator]

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