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Author Topic: BitDice Player Just Won 500BTC  (Read 4778 times)
ComboChris
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December 06, 2015, 09:31:23 PM
 #121

He's a highroller who's been around for ages and who's known for autobetting martingale with pretty high base bets on multiple accounts at once.
So far he always came back after a win though, wondering how long it will take him this time if he ever comes back
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December 06, 2015, 11:45:16 PM
 #122

Wow that's a lot but there's not an inch of proof of withdrawal but if it is real Congrats to the winner: D

There's really not any good way to prove the withdrawal is "real", although it most certainly is. Flowing out of their cold wallet is: https://www.blocktrail.com/BTC/tx/c003d81763450a202b5576ad38090c212539da64815157a726e200c337fcffb9

which is probably the withdrawal (the win + initial money) I'm guessing.

It could be real, but it's not the typical faucet user. It's about 200.000$, I think this is a casino owner.  Smiley

Or because you are paid to post this kind of crap Smiley

You're free to think what ever you want but you when you post better provide hard evidences first..

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December 06, 2015, 11:53:07 PM
 #123

if this is indeed true, that guy must be real rich. betting 126 btc at once?  i can't even roll for 0.1
still a printscreen of his withdraw would be great to check.

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December 07, 2015, 12:14:56 AM
 #124

if this is indeed true, that guy must be real rich. betting 126 btc at once?  i can't even roll for 0.1
still a printscreen of his withdraw would be great to check.

or you can just visit https://dicesites.com/bitdiceme and go check their cold wallet address yourself.

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December 07, 2015, 01:25:12 AM
 #125

that's some huge winnings right there! That is what i call a real gambler! I wonder what he does for a living to have so much money..

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December 07, 2015, 02:42:52 AM
 #126

i don't understand why user play bet of 64 btc to any roll. if you have all this money, why don't play in a real casino ? 64 bitcoin is 20.000 $ for every bet, and you play 20.000 $ to pc ?

The house edge on casino games is typically much higher than at bitdice.

Driving to a casino to play with worse odds just so you get free food and a room for the night seems like a big inconvenience to me.

Why not play from the comfort of your own home, with higher limits, better odds, and less chance of getting robbed in the parking lot?

In the real casinò , you are a king with this money for bet

I don't know where you live, but in most places royalty is something you are either born into or marry into. Maybe you can become king if you wipe out the existing royal family in some kind of a coup, but I've never heard of a case of anyone winning their kinghood in a casino.

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December 07, 2015, 07:20:09 AM
 #127

He has a huge capital to play gambling, was amazing. if you win like that I probably will not go back again to play gambling Smiley Haaaaa  Grin Grin
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December 07, 2015, 08:02:46 AM
 #128

He has a huge capital to play gambling, was amazing. if you win like that I probably will not go back again to play gambling Smiley Haaaaa  Grin Grin

He just doing normal bet there using martingale bu only with huge base bet. Dont see the number just see the percentage how much did he got from that 63btc 500btc right? That is around 500% winning so if you using 0.001 base bet and you get 0.5 btc it is the same too. Capital is the only matter here and it is more beautiful to see huge basebet rather than 0.001 Grin

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December 07, 2015, 05:14:07 PM
 #129

This is an insane amount of money on the line right there. I can't wait to see big fiat rollers like Dan Bilzerian hoping on Bitcoin and doing his crazy antics over there. Can you imagine the expectation of a famous gambler doing this? It would bring massive traffic on the website and would get some headlines.

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December 07, 2015, 05:22:42 PM
 #130

This is an insane amount of money on the line right there. I can't wait to see big fiat rollers like Dan Bilzerian hoping on Bitcoin and doing his crazy antics over there. Can you imagine the expectation of a famous gambler doing this? It would bring massive traffic on the website and would get some headlines.

It is pretty hard to get huge high rollers into the site right now. First off they most likely don't use Bitcoin and second would be that no casino can really offer high stakes gambling. Sure you can win like 150-200 (maybe a bit more?) per roll on the "very high bankroll" sites but for how many rolls ? If they win like 5 rolls on 200BTC then there is nothing left of the bankroll and they have nothing to play with.

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December 07, 2015, 06:45:58 PM
 #131

Amazing luck... or can we say that there was some cheating evolved? anyways... this never happens to me :\

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December 07, 2015, 07:57:49 PM
 #132

But what was the amount of money being bet to make 500 BTC? I don't understand that screenshot. What are the amounts of BTC at the side? For example,
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FkiImkoo.png&t=559&c=qGOx3cxYY2QTsQ

Just lost "5.5 BTC" 82.5986 <49.5 #156227658

5.5 is the amount he lost I get it
But what is 82.5986?
less than 49.5 is the probability to win or to lose?
The last number i guess is the id for the bet

Im new to this kind of Bitcoin betting so just asking.

To win, he must roll < 49.5. Meaning, the number rolled has to be under 49.5. He rolled 82.5986. That is NOT under 49.5. That means he loses the bet.

Okay, then he gets a random number and it ahs to be below 49.5. I assume the maximun number is 100...

But still, I don't understand how much money he bet, and how much money can you make if you win with this type of win (I guess it depends on what number you choose, and can you even choose the number? I mean the <49.5 number).

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December 07, 2015, 08:04:55 PM
 #133

Okay, then he gets a random number and it ahs to be below 49.5. I assume the maximun number is 100...

The range of numbers you can roll are from 0.0000 to 99.9999; that is exactly a million different numbers.

But still, I don't understand how much money he bet, and how much money can you make if you win with this type of win (I guess it depends on what number you choose, and can you even choose the number? I mean the <49.5 number).

You can pick your chance of winning, and whether you want to bet high or low.

In this case he picked a 49.5% chance of winning, and bet "low".

If he had bet "high", he would have had to roll 50.5 or higher to win.

The payout multiplier is always 99/chance

In this case the chance is 49.5%, so the payout is 99/49.5 = 2 - ie. you double your money when you win.

You can choose a chance of winning as low at 0.0001%, which means you have to roll lower than 0.0001, ie. you have to roll exactly 0.0000

That happens around once per million rolls, and pays 99/0.0001 = 990,000 times your bet amount.

You bet size is limited such that your potential profit per bet doesn't exceed the site limit. The limit adjusts dynamically based on the size of the site's bankroll., and is currently 152BTC. That means that you can bet up to 152BTC at 49.5%, or up to around 0.000153BTC at 0.0001%.

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December 07, 2015, 09:37:00 PM
 #134

Quick. Someone go onto bitdice and tell him to stop gambling, before he loses 1000 BTC. Ugh. I'd he still gambling? Provide any new news on this guy, if he loses alot or waive alot plz :3

Thx

- Lags


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December 07, 2015, 09:41:08 PM
 #135

I'd he still gambling? Provide any new news on this guy, if he loses alot or waive alot plz :3

Well, not long after he won a bunch, Chemisty posted that the site profit was 525 BTC:

profit is now down to *only* 525 btc

And right now the site profit is 505.22 BTC.

So I guess not much has changed.

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   1% House Edge
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December 07, 2015, 09:53:46 PM
 #136

And right now the site profit is 505.22 BTC.

So I guess not much has changed.

Doog,

Somewhat related and somewhat not... How do you think most site owners take a profit from themselves?  Cut a % out of the bankroll at the end of each week/month or ?



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dooglus
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December 07, 2015, 10:05:35 PM
 #137

And right now the site profit is 505.22 BTC.

So I guess not much has changed.

Doog,

Somewhat related and somewhat not... How do you think most site owners take a profit from themselves?  Cut a % out of the bankroll at the end of each week/month or ?

Well, you can't just take a percentage of the bankroll, because it's not yours...

They tend to take commission in one of two ways:

  a) take a percentage of each investor's weekly profit
  b) take a percentage of the total amount wagered

The two should end up being roughly equivalent, since the profits end up being a fixed percentage of the amount wagered (due to the house edge), but it can take a long time for that to happen.

I don't keep track of which sites charge what, but I think Just-Dice is the lowest, taking just 10% of investor profits each week, and BetKing/PRCdice is the highest, taking 25% of the house edge up front AND 25% of investor profits, for a total of 50%. But they still have a big bankroll, so I guess their investors don't care.

Just-Dice                 ██             
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   1% House Edge
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December 09, 2015, 07:22:46 AM
 #138

And right now the site profit is 505.22 BTC.

So I guess not much has changed.

Doog,

Somewhat related and somewhat not... How do you think most site owners take a profit from themselves?  Cut a % out of the bankroll at the end of each week/month or ?

Well, you can't just take a percentage of the bankroll, because it's not yours...

They tend to take commission in one of two ways:

  a) take a percentage of each investor's weekly profit
  b) take a percentage of the total amount wagered

The two should end up being roughly equivalent, since the profits end up being a fixed percentage of the amount wagered (due to the house edge), but it can take a long time for that to happen.

Also, I think that most site owners are investors on their own site. We dont have to be the biggest investors, the rate of return on investment of dice site is generally higher than other forms of investment.

I don't keep track of which sites charge what, but I think Just-Dice is the lowest, taking just 10% of investor profits each week, and BetKing/PRCdice is the highest, taking 25% of the house edge up front AND 25% of investor profits, for a total of 50%. But they still have a big bankroll, so I guess their investors don't care.

SafeDice also takes only 10% of the house edge up front as commission.

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December 09, 2015, 08:14:59 AM
 #139

He has a huge capital to play gambling, was amazing. if you win like that I probably will not go back again to play gambling Smiley Haaaaa  Grin Grin


Greed can make him come back for more. If he bet for huge amount this means he is indeed a gambler and he will win another but gradually lose until he he realize he isn't wining for the rest of the week. It will likely to happen to anyone including you.

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December 09, 2015, 09:04:26 AM
 #140

well he is a regular customer, and like what other gambler is, they will tends to come back after a while to try their luck again. this has become part of their lives already.

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