The House always wins.

[White sugar]

Dude what do you mean with this topic?

The fees won't go to the site, they will go to the miners, that usually aren't the same as the site owners

[cryptoboost]

All casinos have designed to make profit in long run. So that I think there is no chance to those people who play continuously while thinking they will keep them on winning streak. The house is always win in long term for sure.

[bitcoinboy12]

All casinos have designed to make profit in long run. So that I think there is no chance to those people who play continuously while thinking they will keep them on winning streak. The house is always win in long term for sure.

All of a sudden i remember this movie. 21? 2008 starring Jim Sturgess. They know how to count cards and they are getting the most of what they can breaking casinos. Now in the storyline, some even break the casino and took 7digits of cash from them. But... I think that's just it, and the casino is still open even then.

[Vhern]

It was planned before it was established so no wonder if you have lost your BTC just try to quit gambling when you think it was time, I compelled myself to gamble everytime however I always contradict myself in some ways that I don't know how to play it safe, having said that I learned now so much have been learned. Oneself need to understand the rules and play it best.

[hasiramasenju]

All casinos have designed to make profit in long run. So that I think there is no chance to those people who play continuously while thinking they will keep them on winning streak. The house is always win in long term for sure.

obviously yes basically the owners build new casinos because they want took money from the players and that's why the players won't be win against the house except those players are cheating or were lucky

[Maslate]

That's reality, the house always wins because they are into business therefore they should set the rules in favor to them, that is usually the norms for machine operated games like online dice, roulette, and related games. There is nothing we can do about it so we must play safe and do not last in this type of games as you will lose in the long run.

[shadobitz]

That's reality, the house always wins because they are into business therefore they should set the rules in favor to them, that is usually the norms for machine operated games like online dice, roulette, and related games. There is nothing we can do about it so we must play safe and do not last in this type of games as you will lose in the long run.

I also pretty sure about this and nobody can ignore this the house is very smart than gamblers, any player who don't have very good amount in reserve will lose in long run, if we have very good luck than we can get some profit from any casino otherwise will get busted if we play daily on any game.

[bitcoinisfurture]

The house always wins only if the player is playing regularly and long time, then surely at the end they will be in loss because the gambling system of the site just caches your strategy of playing and reverse it on long time at that point of time.

[Junko]

Yes, with their built in edge on the games, the House will always win in the long run. It doesn't matter to the House if an individual punter wins big or even a number of individuals win big, because overall when counted together with all gamblers playing on their site, the numbers still converge to the House making profit vs. the general player pool.

Knowing this, I avoid playing against the House and instead play games where I can gamble against other players, ie, poker, where I have the opportunity to increase my edge against others players. The House still wins in poker with rake, but at least I can overcome and beat the rake in various ways, the main way being of course, playing against lesser skilled opponents and knowing how to stay out of the way of trickier/more skilled opponents.

[Javi_Anibarro]

if the house already paid you a while ago, you can be sure that there are big chances that you won't get any wins in a while

[TheUltraElite]

Hello
It depends on your luck if you may make a profit or not. However if you keep betting the House WILL always win and you will lose. Its more economic to withdraw your balance when you are making a small profit and stop betting.
Good luck!!

[lorylore]

A casino can be fair at 50/50 and still make profit. In Bitcoin this is possible because they can process a lot of transactions and get fees from every transaction, so even if it's 50/50, they will still remain profitable but they will require a decent amount of transaction volume to get on the green profits, because they will need a lot of people on their service to get a big amount from the fees.

I dont really understand what are you talking about? Are you referring to the transaction fee? That fee does not belong to the casino and it belongs to the network. And i have not seen a gambling site taking fees for everytime you play. I dont think that is a good idea too UNLESS the house edge is on our side. (Maybe this can be a great idea to explore)

[marlboroza]

First if you play dice on 2X its not 50/50, its more like 49.5% chance for you.
Now look that this way, you have bankroll 1000$ and play 1$ each bet, you will hit 495 times 2X and lose 505 times. Your bankroll is now 990$. Now bet 1$ again, and you will win 490.05 times and lose 499.95 times, and that will leave you with 980.1$. Do you see patern here? It doesn't have anything to do with house, its pure math.

[outatime1]

The games are set up for the house to always make a cut, so you are correct that as long as people keep gambling, the house will win. But there are also some gamblers that will win as well, it's just not possible to win all the time unless it is a game that takes skill like poker.

[Doamader]

The house is the main interested into gambling, that will bring them profit, if people dont play on that house, wont be any win for the house. But all opened casinos has always a new gambler trying luck, but in the end some people will profit and the house will always profit.

[neochiny]

I am not a gambler but wanted to give it a try for some fun experiment and some time I had left with, whatever I gambled with 25$ (with the sake of checking how long I can prolong my loss). The rest of the story continues.

So this is my case from FreeBitCo.in but sure would be the case with any Gambling website. Modified the more famous martingale script available all over the internet so that it extends the game play with some added tricks and tweaks to the script so that it takes its own time to run, with little profits along the way.

The saying of being provably fair is also not a valid point. It is written inside the system that it has to make sure the user loses if he/she is dumb enough to play for a long period of time.

What you have in hand to say that the system is fair?

1) Client- Seed

What the house has to say that we can screw you anytime?

1) Your Constant incoming Client seed,
2) Server Seed,
3) Server Seed Hash,

Not enough?

4) Bitcoin Address,
5) Email address,

Still not enough?

6) IP Address.

and there may be several more to detect that its coming from you and follow behind you to screw you.

Game Play.

Deposited BTC0.02800000 (around 17.5$ which was what got left after the high transfer fees of VirWox(Card/SLL/BTC conversion)) to the account. Ran my script for several hours with no issues at all (saw several timeouts in between  ) and started accumulating satoshis. The max balance I had before being defeated is nearly 0.04700000 where in I spent a good 12 hours of play.

A Calculation, showing step play starting with 1 satoshi.


My Logic for Play.
Script is simple which works on Payouts ranging 30-35, running the values over and over again for small periods and then increment step by step till loses of 137 steps. Once it reaches step 138 it multiplies 1.035 by itself and plays the next round. At each step there is a win for sure until you are screwed by the System showing "Insufficient Balance to play".

Their Logic To Screw
They work with averages. Average the payout values to keep the game going for sometime. Then suddenly give the game less than required averages (for e.g. give contiguous wins within 5 to 10 steps on several occasions so that a single game can be extended beyond an average which decides to screw you out of shape.). On the way of the game they keep a calculation of how much balance you have, with the number of wagers you made and with the value of bet you are playing and how long you can go. If they feel they are near to 70% of the averaged game and the balance has not dropped sufficiently they say they give up and give you a win (but not always).

Took screenshots of big losing streaks (but a win) along the way (though was not able to take screenshot of the final losing streak of 254 consecutive loses with start of 19 satoshis. BTW went till 310 continuous loses with start of 1 satoshi but eventually won.)







How does dice scripts survive.
1) My best assumption is by the bets that users put by collecting all the satoshis earned from external faucets just to blow it away on gambling websites. So Dice websites work as if they are the aggregator of all the faucets (The House always wins). But this will only work till the google adsense pay is good and bitcoin price doesn't skyrocket.

2) People like me experimenting with no actual worth of experiment.

3) People who have lots of stash to blow.

Conclusion:
You can never beat the system. If it decides to screw you, you are screwed.
What ever you do you are gonna give it all to the house back (along with the winnings) in the long run from any of the Dice websites. 

Yes they do, in the Long Run.

Meaning, if you don't stop even when you've already won, and let Greed lead you, you really will lose in the end.
There are chances for people to win, If you know how to control yourself, The House can still lose.
I know some people, people who can be called high-rollers, they usually bet around 100 - 200 mbtc at 2x payout, and
what they do is that when they've won/earned around 1 btc, more or less (depending on how they feel), they'll just STOP.
They'll change their bet to 1,000 satoshi at minimum payout, they'll continue playing at that rate for 15 - 30 mins, until they have calmed down, regulate the way they feel or if they feel that they can now continue playing calmly/reasonably.

That is how they make money. That is how they can win over the house. It's all about Control, with a bit of luck and of course your bankroll.

[BossMacko]

Specially those casino who offered a good promotion . Because with a good promotion people will keep coming back to play on their games even if they are losing or winning. You can only win in a casino if you know when to stop. Most of players lose because they are greedy and they always chase their losses.

[csnorthchina]

but let's think about in this way,
if you run away when you reach 0.047,
you can have a 0.019 profit,
so there is a chance to be profitable,
if you know when to stop...

above is just my opinion..

[fullypak]

The house is the main interested into gambling, that will bring them profit, if people dont play on that house, wont be any win for the house. But all opened casinos has always a new gambler trying luck, but in the end some people will profit and the house will always profit.

Gambling has depended purely on luck, and luck will not come every time and every day so gamblers can't win whenever they gamble. They can win only when they are lucky and rest of the time house will win. Don't gamble for longer period of time and just gamble once in a while to enjoy the games.

[maku]

Conclusion:
You can never beat the system. If it decides to screw you, you are screwed.
What ever you do you are gonna give it all to the house back (along with the winnings) in the long run from any of the Dice websites. 

And this is exactly the reason I gradually move away from playing standard Dice, Slots or Roulette in favor of sports betting and Poker (despite me being totally awful at it so far).
I feel like with this types of gambling house has zero possibilities to fool me. I lose because I made a mistake or had no luck, not because it is designed for me to lose.