terabit (OP)
Newbie
 Offline
Activity: 39
Merit: 0
|
 |
September 06, 2012, 06:23:15 PM |
|
Why do people play satoshidice?
The odds are 98%.. so if you start with 1 BTC you should expect to end up with 0.98 BTC..
|
|
|
|
|
|
|
|
|
|
No Gods or Kings. Only Bitcoin
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
MelMan2002
|
|
September 06, 2012, 06:27:51 PM |
|
Because they like to gamble and hope that they beat the odds. Also they think they can stop once they are ahead.
|
19F6veduCZcudwXuWoVosjmzziQz4EhBPS
|
|
|
|
Kitemike
|
|
September 06, 2012, 06:28:26 PM |
|
Odds do not reflect "possibility". While the probability is 98%, the possibility is incalculable.
|
|
|
|
|
bitcoinbear
|
|
September 06, 2012, 06:30:31 PM |
|
Why do people play satoshidice?
The odds are 98%.. so if you start with 1 BTC you should expect to end up with 0.98 BTC..
Why do people play any gambling games? For the thrill of trying to beat the odds. |
|
|
|
Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
|
|
September 06, 2012, 07:26:03 PM |
|
Why do people play satoshidice?
The odds are 98%.. so if you start with 1 BTC you should expect to end up with 0.98 BTC..
98.1% and when they started out they were 98.5%. Odds at a vegas casino for slot machines, etc, are much lower, maybe 96% and down, even 92%. State run lotteries payout about in the 70% range or less. Blackjack at a casino table might have better odds, depending on how you play and how many hands. Now because what SatoshiDICE does can be relatively easily replicated, a competitor will probably undercut SatoshiDICE by offering better odds, maybe 99%. An ad-supported service might even be able to beat that, giving even higher odds. But for now, SatoshiDICE provides something of value (a way to gamble knowing you won't get cheated, and without paying the house a ton for the privilege of *usually* giving them your money). |
|
|
|
|
Monkey1
|
|
September 06, 2012, 07:29:49 PM |
|
Its the same as any gambling. You will lose in the end, its just a question of how long it takes you. The house always wins, (otherwise the % edge would be meaningless).
|
|
|
|
drcoinflip
Newbie
Offline
Activity: 21
Merit: 0
|
|
September 07, 2012, 10:12:19 AM |
|
You will lose in the end, its just a question of how long it takes you.
Sure, but gambling is still exciting for many people. Its their cheap (or expensive) thrill. |
|
|
|
|
munofar
Newbie
Offline
Activity: 36
Merit: 0
|
|
September 07, 2012, 10:49:58 AM |
|
Thinking about wining a lot of BTC for just a few mBTC is seducing.
Of course in al gambling games the more likely to ocurr is to
lose your bet, so it sounds like a waste of money.
But, what about the other things for which we waste money?
Cigarrettes, caffeine, sugar, salt, products with expensive packaging,
trade mark products of unproven quality...
It seems that the human being needs to waste a bit to feel happy.
If that's true, then the better strategy to take on
sadly turns to be a kind of "mimimize the worst".
But that's not necessarily bad. A good and healthy reasoning that fits in that
strategy could be "- I've gived up smoking and from my savings
I have 50mBTC spare. I'll bet them on a lotto site".
|
|
|
|
|
muyuu
Donator
Legendary
Offline
Activity: 980
Merit: 1000
|
|
September 07, 2012, 10:54:17 AM |
|
Also: BTC laundering.
|
GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
|
|
|
munofar
Newbie
Offline
Activity: 36
Merit: 0
|
|
September 07, 2012, 11:22:21 AM |
|
 BTC laundering? As a newbie, I need an example please.
|
|
|
|
|
iamtheone
Newbie
Offline
Activity: 28
Merit: 0
|
|
September 07, 2012, 11:39:34 AM |
|
|
|
|
|
|
munofar
Newbie
Offline
Activity: 36
Merit: 0
|
|
September 07, 2012, 11:58:26 AM |
|
Interesting idea. I've just opened SatómBTCola as an starting point, but plan to do more games on the (far?) future and something based in block hashes sounds good for a future game. |
|
|
|
|
|
Bitcoin Oz
|
|
September 07, 2012, 12:05:16 PM |
|
BTC laundering? As a newbie, I need an example please. Because they are such a large site you can deposit coins and get back different coins than you sent them which means you have effectively "laundered them". |
|
|
|
dree12
Legendary
Offline
Activity: 1246
Merit: 1077
|
|
September 07, 2012, 12:09:50 PM |
|
BTC laundering? As a newbie, I need an example please. Because they are such a large site you can deposit coins and get back different coins than you sent them which means you have effectively "laundered them". Except that: - SatoshiDice transactions are obvious
- The receiving address is linked to the sending one
|
|
|
|
|
|
Endgame
|
|
September 07, 2012, 12:24:58 PM |
|
Some people try to game the system, using martingale method etc. Other than that some people just love to gamble!
|
|
|
|
|
|
Shermo
|
|
September 07, 2012, 12:41:55 PM |
|
Sometimes gambling is just a bit of fun, especially if its profit you otherwise wouldn't have earned (i.e. from bit mining)... at least thats my POV
|
|
|
|
|
munofar
Newbie
Offline
Activity: 36
Merit: 0
|
|
September 07, 2012, 12:43:39 PM |
|
BTC laundering? As a newbie, I need an example please. Because they are such a large site you can deposit coins and get back different coins than you sent them which means you have effectively "laundered them". But I was told that such a single traceable coin doesn't exists! They're only values linked to transactions. You can't get different coins because you din't send coins. You can track transactions, not coins. |
|
|
|
|
muyuu
Donator
Legendary
Offline
Activity: 980
Merit: 1000
|
|
September 07, 2012, 12:45:00 PM |
|
BTC laundering? As a newbie, I need an example please. Because they are such a large site you can deposit coins and get back different coins than you sent them which means you have effectively "laundered them". But I was told that such a single traceable coin doesn't exists! They're only values linked to transactions. You can't get different coins because you din't send coins. You can track transactions, not coins. That's understood, by coins one means balances linked to accounts. |
GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
|
|
|
munofar
Newbie
Offline
Activity: 36
Merit: 0
|
|
September 07, 2012, 12:51:23 PM |
|
Sorry, I don't get the "money laundering" concept applied to bitcoin.
It has negative connotations as in non-bitcoin contexts? Because
I don't care sending from a path and receiving from another. I was
thinking that's the usual way.
|
|
|
|
|
DonShrents
Member
Offline
Activity: 96
Merit: 10
|
|
September 07, 2012, 01:01:16 PM
Last edit: September 07, 2012, 01:43:38 PM by DonShrents |
|
The best thing about SatoshiDice is the fact that it brings gambling to everyone. All one needs to be capable of is knowing how to send Bitcoins and SatoshiDice takes care of the rest. No special applications required (standard wallet app only), no advanced knowledge of Bitcoin required (only the basic fundamentals) and most of all - It's fun.
~DonShrents
|
|
|
|
|
|
