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Author Topic: The House always wins.  (Read 8224 times)
Erza
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July 29, 2016, 02:57:46 AM
 #41

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.

This is not becauaw of math though, you can calculate it that way because there is house edge which can lead you to losing for sure. But I want to ask something how can you so sure that you will hit on 495 rather than win on 505? How can you even calculate that?
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July 29, 2016, 03:15:46 AM
 #42

this is one of the most obvious things in gambling, the house has the edge and that is always true. otherwise they will start losing money and in case of losing they would have to close down their site and stop their business. and you know every business is only open to make the owner profit. also i don't get why people insist on playing at FreeBitCo.in just use a normal dice site like PD

Buying the dip...
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July 29, 2016, 05:35:49 AM
 #43

i wonder how op survive with 256 reds
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July 29, 2016, 06:23:05 AM
 #44

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.

It is simple 1% house edge which are using most of the dice sites at the moment. I also have no doubt about this the house always win but if someone has big bankroll to play than he can make profit by using some tricks to change the base bet amount there. as op get started with small amount and I think it is like to make donation to the house.
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July 29, 2016, 06:27:57 AM
 #45

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.

It is simple 1% house edge which are using most of the dice sites at the moment. I also have no doubt about this the house always win but if someone has big bankroll to play than he can make profit by using some tricks to change the base bet amount there. as op get started with small amount and I think it is like to make donation to the house.
Yeah, they always win because no matter what happens, from the start that you bet, you already loose 1%, which is the house edge.
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July 29, 2016, 06:32:11 AM
 #46

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  Roll Eyes ) 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. 

You can beat the system. A simple example is to make 1 bet, win and stop there. Since casinos have the house edge you can assume that statistically you will always end up losing since you always play against the odds. The trick is to know where to stop or when you do bust have as little balance as possible.

 

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July 29, 2016, 09:07:17 AM
 #47

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  Roll Eyes ) 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. 
Even though you do that all will not affect in dice game always make you lost in the end of bets, so don't make your brain working hard to think how to beat dice game site.

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BitcoinSupremo
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July 29, 2016, 09:28:09 AM
 #48

Well OP thanks for the long explanation although anyone of us knew this already. But this is funny as it reminds me of a funny story. The university of Canada (don't remember which one) did a test to check if males watched porn. They took 7000 persons to take this tests and it turned out they all did watch porn. My comment to them was, do we really need a test to know if all males watch porn ? Same with dice sites Smiley
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July 29, 2016, 10:02:59 AM
 #49

This kind of argument that the house always win has been proven.  Lots of dice player here can testify to that.  The house will let you win for sometime and then will give you consecutive  defeat until you runs out of  money.  Even with a huge amount of bankroll, if house edge kicks in, you may lost all of it.

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Labumi
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July 29, 2016, 10:58:33 AM
 #50

i wonder how op survive with 256 reds

Haha, I think the OP just wants to prove that the house is indeed more advantaged than gamblers, so the OP would willingly do so. This is very good, as to remind us to do good by way of gambling and the use of gambling without greed, because doing so will get your addiction and addiction is the beginning of destruction
LiQuidx
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July 29, 2016, 11:22:51 AM
 #51

This kind of argument that the house always win has been proven.  Lots of dice player here can testify to that.  The house will let you win for sometime and then will give you consecutive  defeat until you runs out of  money.  Even with a huge amount of bankroll, if house edge kicks in, you may lost all of it.

Classic gambler's fallacy... If you are playing on a provably fair site then what you are saying is simply wrong... The house will not "let you win" and it won't "give you consecutive" losses. It all comes down to probabilities and luck. You will win because you are lucky and you will lose because you are unlucky and the longer you play the greater probability is to encounter bigger streaks (both winning and losing streaks). Also remember you are always playing against the odds due to the house edge.

 

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raaajlucky
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July 29, 2016, 11:37:55 AM
 #52

This kind of argument that the house always win has been proven.  Lots of dice player here can testify to that.  The house will let you win for sometime and then will give you consecutive  defeat until you runs out of  money.  Even with a huge amount of bankroll, if house edge kicks in, you may lost all of it.
Yup, the Dice game itself, made like that. When we start to play it will always favour to us. Once we started hitting win back to back. Naturally, our betting amount will increase so in that time, and our bad luck we will start losing our bet within few rolls our wallet will become empty. So OP only is telling the house always wins.
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September 09, 2016, 11:22:20 AM
 #53

Probably yes because they know your IP Address that is why you dont need to play everyday in gambling site that is my technique. Just play 2 days a week so that the house will not notice your IP Address and just bet as low as it is to avoid the detection of the house because they are not interested in small bet. Take this as an advatage of yours.
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September 09, 2016, 12:38:59 PM
 #54

Probably yes because they know your IP Address that is why you dont need to play everyday in gambling site that is my technique. Just play 2 days a week so that the house will not notice your IP Address and just bet as low as it is to avoid the detection of the house because they are not interested in small bet. Take this as an advatage of yours.

If you said about IP address there is vpn that always help you to change IP address so there is no worry though but actually gambling is depends on your luck not from your IP address. And how come they doesnt know it? Because every single thing that happened on their site they will know it or later they cant fix things
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September 09, 2016, 12:59:33 PM
 #55

250 loses in a streak... provably fair game.... lol.
i always knew it wasnt provably fair, i dont know how they do it but they definitely do it.
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September 09, 2016, 07:12:54 PM
 #56

Probably yes because they know your IP Address that is why you dont need to play everyday in gambling site that is my technique. Just play 2 days a week so that the house will not notice your IP Address and just bet as low as it is to avoid the detection of the house because they are not interested in small bet. Take this as an advatage of yours.

I noticed this also on BitZino playing craps. Whenever I play a lot over 5 or 6 consecutive days, I notice I will start having a downswing. It's very predictable. When I play intermittently and from different IP addresses with my mobile, I don't get the downswings at all.

And yes, the House always wins in when it comes to dice and casino games. Anyone who doesn't believe that, doesn't understand simple math. If you want to profit long term from gambling, learn poker or sports betting.
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September 10, 2016, 01:01:38 AM
 #57

This kind of argument that the house always win has been proven.  Lots of dice player here can testify to that.  The house will let you win for sometime and then will give you consecutive  defeat until you runs out of  money.  Even with a huge amount of bankroll, if house edge kicks in, you may lost all of it.

Classic gambler's fallacy... If you are playing on a provably fair site then what you are saying is simply wrong... The house will not "let you win" and it won't "give you consecutive" losses. It all comes down to probabilities and luck. You will win because you are lucky and you will lose because you are unlucky and the longer you play the greater probability is to encounter bigger streaks (both winning and losing streaks). Also remember you are always playing against the odds due to the house edge.

True, what you said is correct. All these probably games are designed to have just fun by guessing what happens next and enjoy the outcome. In this game tough to guess the result and it fully depends only on luck. In this game you may win some continues bets and also continuous losses need to face but no one knows when it will come in. But most of us think that wins will come in at the begging and losses will come in when we bet bigger amounts but that is not correct.
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September 10, 2016, 01:24:32 AM
 #58

short run = user
long run = house

edge even with 0.5% edge, its crucial
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September 10, 2016, 01:28:49 AM
 #59

The odds are slightly in the favor of the house so yes they will get there share. Some people will get lucky and win but that means that there is someone else that lost money. It's just the odds of gambling.

 
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September 10, 2016, 01:30:01 AM
 #60

Well this is business.no one ever in business that they likely to loose. thats why the house is always the advantage to win.So maybe if your are lucky you can win some.but i doubt on in.even they have provably fair in there website.They know how to control over it.so that why they will never loose on the player.
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