same21
Member
 Offline
Activity: 66
Merit: 10
|
 |
November 07, 2016, 01:36:56 AM |
|
The player in Casino is called the House. The winning will depend on the law of probability and law of large numbers. People in Casino will win not 50-50 but there will be some distinct number like 49-51 probability or 47-53. You might lose a lot at first before you get your winnings and the probability numbers above requires a lot of experience playing it. On different kinds of gambling, the probability changes that the house only could tell.
|
|
|
|
|
|
|
|
|
|
|
|
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
Finestream
|
|
November 07, 2016, 01:43:08 AM |
|
This title is not 100% correct, it should be "the house is always in profit". Mathematically speaking, there is a probability to be profitable in the long run, and some players actually are, but the house will be in profit, because more people will lose in the long run than win.
And there is a wrong myth that people are loosing because of house edge. Its not, see any gambling site and see the wagered amount and their profit and you will see its much more than 1% of the wagered amount. Suppose, I give you 0.01 will you be able to wager 1 btc with it ? Very difficult and thats what I mean. The house edge is there and that is the only way a casino would win but it does not mean that they are already a winner due to the house edge. It's like this, gambling sites have a good bankroll and we as gamblers does not have one, most probably we are just gambling with small amount but we are aiming for a bigger win and that makes us lose because it's not easy to achieve a big win coming from a small bankroll. In the long run we lose. |
|
|
|
upsidedown75
Legendary
Offline
Activity: 1288
Merit: 1036
|
|
November 07, 2016, 07:56:23 PM |
|
that's the problem as we all knew that the system design for the house to win against us we still forcing our self to test our luck
and after we lose we will keep more and more realizing that its a huge of money we spend losing against the house remembering
that will keeps haunting inside our mind let us be lonely from time to time.
That is how the system should be because afterall gambling is just a kind of business and business supposed to make money for the owner of the site. There is noone that force a player to keep on going after they lose, in fact alot of gambling site mentioned gambling responsibly and it should be personal responsibility in gambling yes the gambling is considered as a business only for casino owners, not for players. If the players take this as business then it's wrong becasue the house edge profit is high in gambling. That is why people say the house always wins. If you really looking for profit in gambling play only skill games like poker or card games or sports betting. There also the house also wins, I mean in skill based games. Because the house allows you to play with others and hence takes a little commission from its gamblers. I think yeah the house will keep winning till the edge is kept positive, wonder what happens if its negative for a day  |
|
|
|
|
20kevin20
Legendary
Offline
Activity: 1134
Merit: 1597
|
|
November 07, 2016, 09:14:08 PM |
|
If the house would've lost many times, gambling wouldn't have been a business right now. This is how the owners of the casinos are making money, but it's also our fault for never managing our money and controlling ourselves.
|
|
|
|
|
|
Maslate
|
|
November 08, 2016, 02:55:35 AM |
|
If the house would've lost many times, gambling wouldn't have been a business right now. This is how the owners of the casinos are making money, but it's also our fault for never managing our money and controlling ourselves.
Simple analysis but it's true, gambling sites which has a house edge are in business to make money and since we are their clients they are definitely making money from us. It's not necessary that they need to win all the time but most of time is already enough to make them profitable. |
| R |
▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO
FUTURES | | | | | | | │ | 1,000x
LEVERAGE | │ | COMPETITIVE
FEES | │ | INSTANT
EXECUTION | │ | .
TRADE NOW |
|
|
|
|
jossiel
|
|
November 08, 2016, 03:02:58 AM |
|
If the house would've lost many times, gambling wouldn't have been a business right now. This is how the owners of the casinos are making money, but it's also our fault for never managing our money and controlling ourselves.
It is all about business and the house will not able to give us good gambling experience if they don't have percentage of profit to all of gamblers. And to all addicted gamblers, just think that you are against the house and the favor is always with the house so be a responsible gambler. Just think that the chance of house always win is the fees that you need to pay for using their site. |
|
|
|
|
Ziskinberg
|
|
November 08, 2016, 03:24:03 AM |
|
If the house would've lost many times, gambling wouldn't have been a business right now. This is how the owners of the casinos are making money, but it's also our fault for never managing our money and controlling ourselves.
It is all about business and the house will not able to give us good gambling experience if they don't have percentage of profit to all of gamblers. And to all addicted gamblers, just think that you are against the house and the favor is always with the house so be a responsible gambler. Just think that the chance of house always win is the fees that you need to pay for using their site. They will no matter what as you cannot beat the system build by the gambling house, they make money consistently as we are losing. There is no chance we can win in the long run and those who claim they won are just a bunch of lucky gamblers, and I am pretty sure their luck would not last long. Time will come, they will suffer a big lose.. |
|
|
|
|
virasisog
|
|
November 08, 2016, 09:30:09 AM |
|
If the house would've lost many times, gambling wouldn't have been a business right now. This is how the owners of the casinos are making money, but it's also our fault for never managing our money and controlling ourselves.
It is all about business and the house will not able to give us good gambling experience if they don't have percentage of profit to all of gamblers. And to all addicted gamblers, just think that you are against the house and the favor is always with the house so be a responsible gambler. Just think that the chance of house always win is the fees that you need to pay for using their site. They will no matter what as you cannot beat the system build by the gambling house, they make money consistently as we are losing. There is no chance we can win in the long run and those who claim they won are just a bunch of lucky gamblers, and I am pretty sure their luck would not last long. Time will come, they will suffer a big lose.. I believe Luck dont last longer ,as we gamble with luck if you abuse it the end you will Lose Profit .Making a wise decision after winning is good to do. Gambling house cannot be lose his profit unless it will be stole by hackers that wants money . The lucky winners you said is the wise gamblers who saves after winning on playing. |
|
|
|
|
fullypak
Legendary
Offline
Activity: 1456
Merit: 1005
|
|
November 08, 2016, 09:47:49 AM |
|
If the house would've lost many times, gambling wouldn't have been a business right now. This is how the owners of the casinos are making money, but it's also our fault for never managing our money and controlling ourselves.
It is not gamblers fault completely because these games are designed like that once you start you can't control yourself unless you always play with some fixed amount then you can reduce your losses. But gambling is made to have fun and entertainment so there is no meaning in thinking of taking profit from these games. You just play sometime and if you're lucky then you will surely win some big money. |
|
|
|
|
Positid
Sr. Member
Offline
Activity: 378
Merit: 250
BULL RUN until 2030
|
|
November 08, 2016, 11:57:46 AM |
|
If the house would've lost many times, gambling wouldn't have been a business right now. This is how the owners of the casinos are making money, but it's also our fault for never managing our money and controlling ourselves.
It is not gamblers fault completely because these games are designed like that once you start you can't control yourself unless you always play with some fixed amount then you can reduce your losses. But gambling is made to have fun and entertainment so there is no meaning in thinking of taking profit from these games. You just play sometime and if you're lucky then you will surely win some big money. So if it's gambling sites fault then we should ban them. It's hard to tell who's at fault but one thing I know we are not force to gamble, we are responsible enough to do gambling and since gambling is just for fun then we should play the way it should be. |
| .
.Duelbits. | | | ▄████▄▄
▄█████████▄
▄█████████████▄
▄██████████████████▄
▄████▄▄▄█████████▄▄▄███▄
▄████▐▀▄▄▀▌██▄█▄██▐▀▄▄▀▌███
██████▀▀▀▀████▀███▀▀▀▀█████
▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
▀███████████████████▀
▀███████████████▀ | | | | | | ▄▀▄
█ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█ | | ▄▀▄
█ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█ | | | .
▄ ▄▄▀▀▀▀▄▄
▄▀▀▄ █
█ ▀▄ █
▄█▄ ▀▄ █
▄▀ ▀▄ ▀█▀
▄▀ ▀█▄▄▄▀▀ ▀
▄▀ ▄▀ ▄▀
▀▄ ▄▀▀
Live Games | |
▄▄▀▀▀▀▀▀▀▄▄
▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄ █ ▄ █ ▀▄
█ █ ▀ ▀ █ █ ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █ █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ █▄█
█ ▀▀█ ▀▀█ ▀▀█ █ █▄█
█ █ █ █ █ █ █
Slots | | .
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▄ █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █
█ ▄▄ █ █
█ █ █
█ ▄▀▀▄▀▀▄ █ █
█ ▀▄ ▄▀ █ █
█ ▀▄▀ █ ▀▀ █
Blackjack | | .
▄▄▀█████▀▄▄
▄▀▀ █████ ▄▄▀▀▄
███▄ ▄█████▄▀▀▄███
██████▀▀ ▀▀██████
█ ▀▀██▀ ▀▄ ▄▀ ▀██▀▀ █
█ █ ███ █ █
█ ▄▄██▄ ▄▀ ▀▄ ▄██▄▄ █
██████▄▄ ▄▄██████
Roulette | | .
█▀▀▀▄ ▄▀▀▀█
█ ▀▄ ▀▄ ▄▀ ▄▀ █
▀▄ ▀▄ ▀▄ ▄▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄ ▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄ ▀ ▄▀
▄ ▀▄ ▀▄ ▀▄ ▄
█ ▀▄ ▀▄ ▀ ▄▀ █
▄▀▄ ▀▄ ▀ ▄▀ ▄▀▄
Dice Duels |
|
|
|
|
ubitcoin
|
|
November 08, 2016, 12:48:56 PM |
|
Crypto betting sites only have low house-edge but what makes the house winning is because of longevity and deeper pocket. That 1% low house edge will matter when you play hundreds or thousand times. Please bear in mind that people should bet for entertainment purposes except when you are a professional poker player, etc.
The good news is that some of these casinos accept investors. Currently I am investing with decent returns while sometimes playing.
You are very right people think they are loosing because of the edge but its actually because of the fact that the bigger fish eats the smaller one. Edge would come into play if we were betting 1000000 bet with minimum base amount because then the wins and looses would matter in the long run. |
|
|
|
|
|
puremage111
|
|
November 08, 2016, 12:53:10 PM |
|
house edge is never gone
Still, if you are able to control your bankroll well, you would be on the winning site
|
|
|
|
|
|
Caladonian
|
|
November 08, 2016, 01:02:41 PM |
|
Crypto betting sites only have low house-edge but what makes the house winning is because of longevity and deeper pocket. That 1% low house edge will matter when you play hundreds or thousand times. Please bear in mind that people should bet for entertainment purposes except when you are a professional poker player, etc.
The good news is that some of these casinos accept investors. Currently I am investing with decent returns while sometimes playing.
You are very right people think they are loosing because of the edge but its actually because of the fact that the bigger fish eats the smaller one. Edge would come into play if we were betting 1000000 bet with minimum base amount because then the wins and looses would matter in the long run. its really hurting you if we are betting big that's the house advantage but what really hurting us is our lack of control when we start to lose we keep on trying to bounce back betting much bigger resulting for the house to win. |
|
|
|
|
|
arseaboy
|
|
November 08, 2016, 01:13:17 PM |
|
Crypto betting sites only have low house-edge but what makes the house winning is because of longevity and deeper pocket. That 1% low house edge will matter when you play hundreds or thousand times. Please bear in mind that people should bet for entertainment purposes except when you are a professional poker player, etc.
The good news is that some of these casinos accept investors. Currently I am investing with decent returns while sometimes playing.
You are very right people think they are loosing because of the edge but its actually because of the fact that the bigger fish eats the smaller one. Edge would come into play if we were betting 1000000 bet with minimum base amount because then the wins and looses would matter in the long run. its really hurting you if we are betting big that's the house advantage but what really hurting us is our lack of control when we start to lose we keep on trying to bounce back betting much bigger resulting for the house to win. Of course and this is the reason why most gamblers are not that successful because they always chase their loses and that's why the house will take advantage to these persons who wants to bounce back.. trying to give hopes to win but doing it another way around. |
|
|
|
|
tabas
|
|
November 08, 2016, 01:21:12 PM |
|
house edge is never gone
Still, if you are able to control your bankroll well, you would be on the winning site
That is important and needed by the house so that they will able to completely support the operation of the website. And because of making the players lose, they will get profit so the favor is always with the house. And if you believe that the house always win, then why not be with the house and try to invest some of your bitcoins with them. |
|
|
|
|
ethereumhunter
|
|
November 09, 2016, 05:19:55 AM |
|
house edge is never gone
Still, if you are able to control your bankroll well, you would be on the winning site
That is important and needed by the house so that they will able to completely support the operation of the website. And because of making the players lose, they will get profit so the favor is always with the house. And if you believe that the house always win, then why not be with the house and try to invest some of your bitcoins with them. yes its true, and with invest to them, we can make a profit although the amount of the profit is depend on how much we invest but i think its really worth it to try. all in all, we can not beat the house since the business is owned by them and we can only make profit by playing with our luck to win the games. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
|
futurebit640
|
|
November 09, 2016, 06:15:02 AM |
|
Crypto betting sites only have low house-edge but what makes the house winning is because of longevity and deeper pocket. That 1% low house edge will matter when you play hundreds or thousand times. Please bear in mind that people should bet for entertainment purposes except when you are a professional poker player, etc.
The good news is that some of these casinos accept investors. Currently I am investing with decent returns while sometimes playing.
You are very right people think they are loosing because of the edge but its actually because of the fact that the bigger fish eats the smaller one. Edge would come into play if we were betting 1000000 bet with minimum base amount because then the wins and looses would matter in the long run. its really hurting you if we are betting big that's the house advantage but what really hurting us is our lack of control when we start to lose we keep on trying to bounce back betting much bigger resulting for the house to win. Of course and this is the reason why most gamblers are not that successful because they always chase their loses and that's why the house will take advantage to these persons who wants to bounce back.. trying to give hopes to win but doing it another way around. First thing is if you can't afford playing gambling is wrong, in that if you chase your loss and lose some more money is your foolishness, Yes in gambling making profit is very tough, when you have luck that time only you can able to make profit here, in other time its loss only and if you chase that loss you will end with big loss. So stop chasing your loss and just play gambling for fun. Because the house edge profit is high in gambling. |
|
|
|
|
yolanda222
Legendary
Offline
Activity: 1190
Merit: 1013
|
|
November 09, 2016, 08:07:18 AM |
|
house edge is never gone
Still, if you are able to control your bankroll well, you would be on the winning site
That is important and needed by the house so that they will able to completely support the operation of the website. And because of making the players lose, they will get profit so the favor is always with the house. And if you believe that the house always win, then why not be with the house and try to invest some of your bitcoins with them. Not much sites accepts investment on bankroll but there are reputable sites like bitvest , cryptogames , and etc . Needs huge money to get the profit from invest in bankroll when you can control yourself you will be safe on long run and get profit |
|
|
|
|
danherbias07
Legendary
Offline
Activity: 3122
Merit: 1119
Leading Crypto Sports Betting & Casino Platform
|
|
November 09, 2016, 08:15:08 AM |
|
house edge is never gone
Still, if you are able to control your bankroll well, you would be on the winning site
That is important and needed by the house so that they will able to completely support the operation of the website. And because of making the players lose, they will get profit so the favor is always with the house. And if you believe that the house always win, then why not be with the house and try to invest some of your bitcoins with them. Not much sites accepts investment on bankroll but there are reputable sites like bitvest , cryptogames , and etc . Needs huge money to get the profit from invest in bankroll when you can control yourself you will be safe on long run and get profit Very true. It just really takes some time and a huge number of capital to feel it. This is not advisable for those who are just starting, I prefer you go through some thread here about investing in gambling sites before taking that leap. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
dunfida
Legendary
Offline
Activity: 3080
Merit: 1131
|
|
November 09, 2016, 08:34:33 AM |
|
house edge is never gone
Still, if you are able to control your bankroll well, you would be on the winning site
That is important and needed by the house so that they will able to completely support the operation of the website. And because of making the players lose, they will get profit so the favor is always with the house. And if you believe that the house always win, then why not be with the house and try to invest some of your bitcoins with them. Not much sites accepts investment on bankroll but there are reputable sites like bitvest , cryptogames , and etc . Needs huge money to get the profit from invest in bankroll when you can control yourself you will be safe on long run and get profit Very true. It just really takes some time and a huge number of capital to feel it. This is not advisable for those who are just starting, I prefer you go through some thread here about investing in gambling sites before taking that leap. Investing on the house itself would be really a good idea if you wish to have a good investment rather than playing on the site itself because as everyone claiming here house would really win on the long run and left those gamblers broke and lose up all their money. House does have the edge on beating you all the way thats why when we play gambling , we must be already aware on the risk. |
|
|
|
|
