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Author Topic: Don't play SatoshiDice  (Read 4741 times)
Gyrsur
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October 13, 2012, 08:07:34 PM
 #1

Don't play SatoshiDice! You cannot win with any strategy because in the end you will lose! I checked this out for you!
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October 13, 2012, 08:08:16 PM
 #2

Isn't that how gambling works lol?

SATOSHI DICE Over 98% break even odds!

I'm pretty sure they tell you that you won't win in the long run themselves. The point is, you have that chance of winning, and then walking away.
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October 13, 2012, 08:10:06 PM
 #3

Isn't that how gambling works lol?

It take some time and money to realize this because SatoshiDice looks fair but it is not fair.

The pot has to be filled with enough money for the lucky ones but the lucky ones do not realize that they are lucky ones and have to run away.
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October 13, 2012, 08:44:49 PM
 #4

Isn't that how gambling works lol?

It take some time and money to realize this because SatoshiDice looks fair but it is not fair.

The pot has to be filled with enough money for the lucky ones but the lucky ones do not realize that they are lucky ones and have to run away.
Satoshi dice is fair. The odds may be against you, but they don't cheat.

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Gyrsur
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October 13, 2012, 09:22:15 PM
 #5

The odds may be against you, but they don't cheat.

absolutely true! the odds are against you, no systematic approach will work.
Raoul Duke
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October 13, 2012, 09:24:56 PM
 #6

DON'T PLAY. Period!

Gyrsur
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October 13, 2012, 09:27:55 PM
 #7

DON'T PLAY. Period!

so true!!  Roll Eyes
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October 13, 2012, 09:28:27 PM
 #8

Surely OP is just trolling.   No one can really be that stupid, can they?

Charlie Kelly: I'm pleading the 5th.  The Attorney: I would advise you do that.  Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor?  The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
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October 13, 2012, 09:56:58 PM
 #9

The main goal of gambling isn't really to get rich. Its to break even and have gained the entertainment value. If you come out ahead, nice! If you come out a little below, still good, that $ you lost was your entertainment cost. And if you lose all of your money, well that blows.
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October 13, 2012, 10:04:51 PM
 #10

The only strategy that works is to gamble with the expectation that you will lose everything. That way, you have gained something no matter what the outcome is (otherwise, you would have no reason to gamble in the first place).

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October 13, 2012, 10:57:30 PM
 #11

Go here: http://src.satoshidice.com/rev2/

And click on the "Leaderboard" tab. You'll see the people who have played the most, and whether they have won or lost, and how much. Many lose, many win. It is gambling after all, and there is a small house edge, so the average player will lose net-net, but some win alot and some lose alot, and that's how gambling works Smiley
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October 14, 2012, 06:46:04 PM
 #12

Go here: http://src.satoshidice.com/rev2/

And click on the "Leaderboard" tab. You'll see the people who have played the most, and whether they have won or lost, and how much. Many lose, many win. It is gambling after all, and there is a small house edge, so the average player will lose net-net, but some win alot and some lose alot, and that's how gambling works Smiley

Interesting, but I think I'd rather see the leaderboard sorted by net profit, not by amount staked.  Better still, make the column headings clickable so I can sort by whatever field I want to.

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October 15, 2012, 02:19:08 PM
 #13

Go here: http://src.satoshidice.com/rev2/

And click on the "Leaderboard" tab. You'll see the people who have played the most, and whether they have won or lost, and how much. Many lose, many win. It is gambling after all, and there is a small house edge, so the average player will lose net-net, but some win alot and some lose alot, and that's how gambling works Smiley

Interesting, but I think I'd rather see the leaderboard sorted by net profit, not by amount staked.  Better still, make the column headings clickable so I can sort by whatever field I want to.

Great idea, leaderboard is now sorted by net profit (you might need to hard refresh).
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October 15, 2012, 02:33:44 PM
 #14

the only reason I can think of not to play satoshi dice is that it is boring as crap.

at least some other games of chance have some level of entertainment or excitement
beyond diddling with the bitcoin client, waiting for a return transaction, and otherwise
sitting in front of a computer doing blah.

but hey. that is just me.

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October 15, 2012, 02:50:57 PM
 #15

SatoshiDice is a very fair example of a gambling site IMO. House percent is small and the whole thing is transparent. Of course there's no strategy to always win. Why would anyone run such a site?
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October 15, 2012, 03:31:00 PM
 #16

Surely OP is just trolling.   No one can really be that stupid, can they?

Gambling is a tax on people who are bad at statistics.

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October 15, 2012, 04:23:00 PM
 #17

the only reason I can think of not to play satoshi dice is that it is boring as crap.

It's quite good to get some money for beer. I made 52 bets, took 15 mins. 5 BTC in - 6 BTC out (https://blockchain.info/address/14C4yMGKdqdqFRMoCZtxLqntL9ydS3rxnA).
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October 15, 2012, 04:24:20 PM
 #18

Surely OP is just trolling.   No one can really be that stupid, can they?

Gambling is a tax on people who are bad at statistics.

notice you signature - LOL!
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October 15, 2012, 04:47:27 PM
 #19

Actually martingaling can turn a hefty profit. This one time I won 5 BTC.
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October 15, 2012, 04:58:06 PM
 #20

Actually martingaling can turn a hefty profit. This one time I won 5 BTC.

There's some truth there... I was up almost 100btc till they lowered the MaxBet to 5... my 100 profit dropped to 20 btc in a matter of hours, and I quit while I was ahead.

The MaxBet is back up now, but with a larger house percentage.. So you _could_ make money, not sure you can now..



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