Biggest bitcoin bet of 2015?

[Erza]

There's no site that i would bet those kinds of amounts. It's one thing to gamble to have some fun, but this is just sick.
Anyways, if someone bet's 1000 btc , even on 2x multiplier , i highly doubt the house would have enough to pay up, and there are max wins per roll also.

That's the problem, imagine if you made a massive bet & won it but the house couldn't pay.

It depends on each site bankroll. If the site only have small bankroll I dont think they will set 1000btc for max bet, it will be a limit to each user to bet. They already calculate it well, the worst scenario for them so house will never couldnt pay the player winning

[ajun96]

I would not do anything stupid like that, a bet with 1300BTC is mean $ 520,000 it is the very thing bulging in my opinion, I had to gather the money for 100 years to get $ 520,000

[mrcashking]

I would not do anything stupid like that, a bet with 1300BTC is mean $ 520,000 it is the very thing bulging in my opinion, I had to gather the money for 100 years to get $ 520,000

That is not stupid and neither it is wise ,it just depends on the kind of money you have.
His previous bet was bigger than this one and it clearly means that he doesn't cares about coins.
i will bet hundreds if i have a source.

[ajun96]

I would not do anything stupid like that, a bet with 1300BTC is mean $ 520,000 it is the very thing bulging in my opinion, I had to gather the money for 100 years to get $ 520,000

That is not stupid and neither it is wise ,it just depends on the kind of money you have.
His previous bet was bigger than this one and it clearly means that he doesn't cares about coins.
i will bet hundreds if i have a source.

whoever he is, do you think he was crying then?
how could someone spend $ 520,000 with pointless, bill gates would not be spending as much as it is with pointless

[RealPhotoshoper]

There's no site that i would bet those kinds of amounts. It's one thing to gamble to have some fun, but this is just sick.
Anyways, if someone bet's 1000 btc , even on 2x multiplier , i highly doubt the house would have enough to pay up, and there are max wins per roll also.

That's the problem, imagine if you made a massive bet & won it but the house couldn't pay.

BetKing is apparently investor based and has around 3000 BTC bankroll.

Hence their cold wallet with most of the funds: https://blockchain.info/address/1FhxjhFb1YudGC1vtV4FuLpQc2uHzq3XFd

Yeah. If you check that address and hot wallet addresses near the time you can see he made many withdrawals over 500btc over the course of 3 days. A few over 1000 IIRC.

As you see in the bet just before the big one he won 100btc.
The max win was something like 300 at the time. He had built up most of that 1300 by winning a lot over a few days and cashed it out many times.

Yea he was won 100btc earlier before he bust it all , don't know if betking.io will allowed the maximum profit status to minus like -200 bitcoin max profit?
So when he has won 100btc , betking.io has 200 btc max profit allowed left. Which I think the house stabilize it between give him another win or take all his money and betking.io decide to take all his money .
the question are how much max profit increased after that 1300bitcoin ? Because now I still see 266bitcoin max profit.
Also is it possible to betking.io have minus max profit?

[blackmachinegun]

do you think it really real?
the house always wins. if I had money I would not gamble on dice, as it surely will house setting to win,
I prefer in sports gambling

[egghead123]

A player who is assumed to be an old bettor called mechs did a large bet of over 1300 BTC in a single bet at BetKing.io (former PocketRocketsCasino) a while back. Is there anybody to beat this kind of a bet anymore? The highroller managed to build up hundreds of BTC via small multipliers before losing.

What are your thoughts? Is there any point in betting hundreds of thousands of dollars on dice, even if the site is trusted? I personally feel like I'm betting a crap ton even if the bet sizes are as tiny as 0.1 BTC...

Well 1300 btc is a huge amount to us, but if he is really the "mechs" on JD, it is probably not that much to him. In case someone does not know, mechs is the one making that famous 7000 btc bet on JD in 2013. He lost it, and his reaction is very calm it seems to me. You can check the relevant chat log on https://bitcointalk.org/index.php?topic=1136123.msg12063296#msg12063296.

He doesnt seem too calm though but cant blame him I too would have prolly projectile vomitted all over the shop too

2013-10-02 04:53:52 <mechs> Doog: I am fucked
2013-10-02 04:54:17 <mechs> Doog: I am going to vomit

[BoXXoB]

There's no site that i would bet those kinds of amounts. It's one thing to gamble to have some fun, but this is just sick.
Anyways, if someone bet's 1000 btc , even on 2x multiplier , i highly doubt the house would have enough to pay up, and there are max wins per roll also.

That's the problem, imagine if you made a massive bet & won it but the house couldn't pay.

BetKing is apparently investor based and has around 3000 BTC bankroll.

Hence their cold wallet with most of the funds: https://blockchain.info/address/1FhxjhFb1YudGC1vtV4FuLpQc2uHzq3XFd

Yeah. If you check that address and hot wallet addresses near the time you can see he made many withdrawals over 500btc over the course of 3 days. A few over 1000 IIRC.

As you see in the bet just before the big one he won 100btc.
The max win was something like 300 at the time. He had built up most of that 1300 by winning a lot over a few days and cashed it out many times.

Yea he was won 100btc earlier before he bust it all , don't know if betking.io will allowed the maximum profit status to minus like -200 bitcoin max profit?
So when he has won 100btc , betking.io has 200 btc max profit allowed left. Which I think the house stabilize it between give him another win or take all his money and betking.io decide to take all his money .
the question are how much max profit increased after that 1300bitcoin ? Because now I still see 266bitcoin max profit.
Also is it possible to betking.io have minus max profit?

The max profit does not work like that based on one players winnings or losses. It is based on total invested (by users) on the site, which is currently around 3000 BTC.
If a player wins, the total invested amount will of course go down as the player wins from it and so the max profit will also go down.
The house would never limit a player by limiting max profit so that they couldn't win back what they lost.

Here is how it's explained on their site:

"The maximum payout of the site is calculated by taking the sum of all the investments * risk * 0.01.
So imagine we had user A with 10 Bitcoins invested at 1/2 Kelly, B with 10 at 5x and C with 10 at 10x. The maximum payout would be:

(10*0.5*0.01) + (10*5*0.01) + (10*10*0.01) = 1.55 Bitcoin"

[Joel_Jantsen]

Whoa! I don't know if that actually happened or the gambling site is just using it for attention/ promotion purposes .You either have to be stupid or son of Bill Gates to make that type of bets .Or maybe its some kind of bots doing the action of only changing titles .Nothing really happened .

[BoXXoB]

Whoa! I don't know if that actually happened or the gambling site is just using it for attention/ promotion purposes .You either have to be stupid or son of Bill Gates to make that type of bets .Or maybe its some kind of bots doing the action of only changing titles .Nothing really happened .

Since many of the people I know saw the bet and due to the fact the site is investor based, there is no way the owner would have faked it as that would have cost him that whole amount.

[Gianluca95]

A player who is assumed to be an old bettor called mechs did a large bet of over 1300 BTC in a single bet at https://BetKing.io (former PocketRocketsCasino) a while back. Is there anybody to beat this kind of a bet anymore? The highroller managed to build up hundreds of BTC via small multipliers before losing.

What are your thoughts? Is there any point in betting hundreds of thousands of dollars on dice, even if the site is trusted? I personally feel like I'm betting a crap ton even if the bet sizes are as tiny as 0.1 BTC...

1300 BTC? Oh my God, who is that crazy man? Hope that is only an early adopter, but what luck for the owner of that dice site. Anyway, the maximum bet that I've seen is on Just Dice, but now I don't remember precisely how many BTC was (But I'm sure that the amount was more higher than 1000 BTC)

[RealPhotoshoper]

The max profit does not work like that based on one players winnings or losses. It is based on total invested (by users) on the site, which is currently around 3000 BTC.
If a player wins, the total invested amount will of course go down as the player wins from it and so the max profit will also go down.
The house would never limit a player by limiting max profit so that they couldn't win back what they lost.

Here is how it's explained on their site:

"The maximum payout of the site is calculated by taking the sum of all the investments * risk * 0.01.
So imagine we had user A with 10 Bitcoins invested at 1/2 Kelly, B with 10 at 5x and C with 10 at 10x. The maximum payout would be:

(10*0.5*0.01) + (10*5*0.01) + (10*10*0.01) = 1.55 Bitcoin"

I got it, so even he was lost 300,000 btc and total invested in the site only 3,000 btc the maximum payout wouldn't increased right?
Because maximum payout will increased only if there is an additional funds invested right?
But max payout will decreased if we won 100 of 300 max payout?
How you can calculate max payout if the case like that? Is it correct what I mentioned above?

[faince222]

I also remember hufflepuff, a player that won something like 6000 BTC in primedice ! That was crazy ! But of course, I also remember the ones that has bet 7000 BTC on just dice and the only sentence that I do is this: Why? :O

[Patatas]

I doubt this will be legit.No one would be stupid enough to bet on a dice with so much btc. I still like to know if this really happened. Does anyone have any contacts with the website or can anyone give me a solid proof that this happened? I would love to write an article on this.

[adaseb]

I would not do anything stupid like that, a bet with 1300BTC is mean $ 520,000 it is the very thing bulging in my opinion, I had to gather the money for 100 years to get $ 520,000

Sometimes I really think that those bets are nothing but publicity schemes to generate free traffic to the gambling site.

I mean even if you do have 1300 BTC to bet with, what guarantee do you have that the site will actually let you withdraw that much money?

[mobnepal]

I also think rolling dice with high bet and minimum multiplier have high risk. Even with 10% chance of loss you can easily become bankrupt with 2-3 losing bets.

[BetKing.io]

ITT: No one actually reading the replies

I am the site owner

This is 100% real, there is blockchain proof and would be absolutely stupid for me to fake.
Here's why:

1) BetKing.io has a crowdfunded bankroll, when the house wins the profit gets split to investors. That means I would be paying the investors 1300 Bitcoin!
That would be the biggest waste of advertising money possible and I would still not have made that money back by now with the commission model I have.

2) That big bet is a losing bet, why would I want to promote that someone lost that much? Surely you would want to advertise a win?

3) There is blockchain proof of the player withdrawing 500-1000 Bitcoin multiple times per day for 3 days, almost all of it profit from his wins!

4) This forum was very active for 3 days while it happened and there were people watching all of his bets where he ran up a profit of over 1000 Bitcoin before losing. Posting screenshots in this thread the whole time https://bitcointalk.org/index.php?topic=910134.620 (that's roughly the start page, there are around 6 pages of replies)

And to clear up the player was able to bet so big and win so much because BetKing.io (it was named Pocket Rockets Casino at the time) had the largest crowdfunded Bitcoin bankroll of any gambling site for over a year and a half after JD closed, at the time of this bet there was around 3500 Bitcoin invested IIRC.

[MonsterV]

ITT: No one actually reading the replies

I am the site owner

This is 100% real, there is blockchain proof and would be absolutely stupid for me to fake.
Here's why:

very very very awesome!!!
in the last few days this topic discussed in the group and bitcoin community regardless true or not about that bet we deserve applause for his courage to bet large amounts.

I wonder  he a member here? I hope someone comes along and says "it's me"

[Noisskal]

Why is this look likes more to site advertising to me ?

A unknow dice site with high bet LOL

[BetKing.io]

Why is this look likes more to site advertising to me ?

A unknow dice site with high bet LOL

You mean the site with the most wagered of any Bitcoin crowdfunded dice site in the past year and a half?
Proof: https://dicesites.com/