🌟Just seen someone win $42,000 in btc on bitvest.🌟

So on bitvest with in 12 hours or so max betting and won over 60 btc.
He was down a bit of btc then turned it into +60 profit.

My question to you "Can a person beat the edge with a large enough bank roll?"

Only a person who is very lucky can beat the house for a short time of period, so if he is dare to take risk with large than it will get huge amount in return like that person got there, that is huge winning so congrats to the winner.

Off course larger bankroll will help you to win big amount which will be loss for house without any question. If all goes well with bigger bets you need fewer winning streaks else you will loose all your money. This guy's bets clearly show that he took great risk and won he was lucky. This simply will not be for him or anyone else to be seen again.

Quote from: jtalk on November 05, 2016, 02:31:44 PM

Oh its happened before in the same fashion but it was 15 btc win over 12 hours.
This guy did the same thing just a different line and more drops he jst happened to win 60 btc.
Both were on plinko tho.

in general it's impossible to beat the house edge even with big bankroll , the site should make money in the long run
but in case that the site don't manage the funds well and don't put wise max wins limits then it would be possible for the site to have 0 bankroll

that doesn't mean that the player beat the house edge cause he is expecting to make -BTC in the long run even if he was able to win all the funds in the casino , but it's just a bad management by the casino

He is very lucky. Good for him for having a brave heart paying high stakes game. For me, I got nervous betting that amount as I am not used to that. Grin

He has the guts, and his braveness paid off. Though I did not recommend gambling, it depends on the player.

Having a large bankroll does not in any way increases your possibility of winning what it does is if you choose to play with small amount to withstand unlucky streaks for a longer time, if you play huge bets then this increases variance and the results will vary more wildly, since he won big then I suppose he put huge bets, but he could have lost big too.

Quote from: SparkedDev on November 05, 2016, 02:15:41 PM

So on bitvest with in 12 hours or so max betting and won over 60 btc.
He was down a bit of btc then turned it into +60 profit.

this is just dumb luck and i never trust these super high bets because it is hard for me to believe that someone is willing to risk
a couple of thousands of dollars on a pure luck game.

Quote

My question to you "Can a person beat the edge with a large enough bank roll?"

i think it is possible. although i have never tested this but i believe that with a strategy like martingale if you start from a very small bet size and have a very huge bankroll you can win and beat the house.

Big bankroll does really matter when you intend to aim for big profits hence you could simply put up huge amount with ease depending on your decision unlike on having a small bankroll would really limits you. Higher risk means higher profit and that's what happen to the player that have been shown by Op and he's very lucky on that game for sure for t question, there are really times that the house would be beaten by its players but it's only for temporary.

Quote from: BTCLovingDude on November 05, 2016, 03:17:11 PM

nah it's not possible even with martingale , history has proved that there is no way to beat the house edge unless you do what hufflepuff did
there will be a streak that will eat the whole bankroll with the profit , ( whatever your bankroll and the max win are , there is a point that you will bust martingaling )

Quote from: SyGambler on November 05, 2016, 02:58:43 PM

Its not bad management from the casino the limits normally tank really low after big wins.
But after his big win people invested more making the limits going back up.
Prob hoping he would lose it all back and it didn't work out that way for them.

Plus he was max betting the whole time even if it adjusted if he keeps hitting max bets it adds up.
He has already lost back like 8 btc worth of it so for tho, so its possible the edge has caught up with him.

Having larger bankroll doesn't guarantee you profit or you can beat house. You need to be really lucky as well as preety rich to put high bets. Playing with high bets is also quite risky and you may need lots of bitcoin to cover your loss and get whatever you have lost back placing bet with even higher amount. Either you may end up wining big like this one or you will lost whatever you have.

Quote from: SparkedDev on November 05, 2016, 02:15:41 PM

So on bitvest with in 12 hours or so max betting and won over 60 btc.
He was down a bit of btc then turned it into +60 profit.

My question to you "Can a person beat the edge with a large enough bank roll?"

Wow, that's a nice profit.
no i don't believe house edge can be beaten by large bankroll, you just have to be lucky i guess to win big.

seem a lucky one. he probably had won those BTCs as well from some other gambling site. I wonder why he just play on pure gambling site when there are better games where he can learn more than just nightingale strategy.

is possible see the entire stats of this users? For see if in anothert day have lose already more bitcoin ?

or already see the bet, if for example bet 2 bitcoin for time at 2x, or if bet 0,1 with 2% of probability

Quote from: marioantonini on November 05, 2016, 06:52:37 PM

Nope can't see users stats only whats in the leader boards or their bets on verification page.
I also believe we don't give out users info but if n8 chooses to do so that's fine.

That is a huge win, definitely a whale in gambling, i have seen these type of whales in gambling sites wagging big and losing some and winning some but interesting i have not heard anyone boasting about the win or crying about the loss in bitcointalk ,i do not know why and i have not seen any sites advertising this huge win which is really a boost to the sites traffic.

Wow, this kind of victory doesn't happen every day... It's very rarely to happen. But congratulations for him, very lucky guy.

This is a big loss for the casino, but it's a good marketing also, people will see this guy victory and will want to play there also, because it's a casino where someone really earned a bunch of money and many other will try to do the same thing, but probably they will lose.

Damn! What a great win, I bet the casino was fuming Cheesy

Congratulations to the winning gambler though, I hope he enjoys the big win.

Quote from: SparkedDev on November 05, 2016, 02:15:41 PM

My question to you "Can a person beat the edge with a large enough bank roll?"

No. As the moderator of a gambling site, you should know this.

Congrats to N8snathan for his win! Should have cashed out my investment when I was up 0.01+BTC, but unfortunately it's down 0.02BTC now. Hopefully he stays around and ends up losing more than he wins.

Quote from: DeathAngel on November 05, 2016, 09:17:20 PM

Damn! What a great win, I bet the casino was fuming Cheesy

Congratulations to the winning gambler though, I hope he enjoys the big win.

Nah, BitVest was probably very happy. Nathan brought a lot of volume to the site, causing a lot of commission to be taken from investors (mine is 0.01BTC). While they probably had an investment, they were probably happier to see a winner as it's good PR and they would still be in profit or have a small loss in that period of time.