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Author Topic: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!  (Read 661 times)
RocketSingh
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November 18, 2016, 11:28:31 AM
 #21

That's a pretty nice win. But, would really need a huge bankroll to increase win chance.
I wonder how many times he placed multiple bets and at what amount before he got that win.

I would certainly like to try but well, I'd really need a big enough bankroll.

Anyway, nice win!
U really dont need a BIG bankroll to win at www.bitcoinbetting.website. Instead, u need a good strategy and disciplined play. In a previous post I explained how this player won 1.5968 BTC...

One can increase his winning chance by doing a trade off with expected payout and it seems this winner actually did that. U think that this guy has won huge amount with 6.25%, is because u r looking at only one bet. But, if u look at the whole board, it seems like from 681 to 692, all bets are his. So, in reality, he played with 6.25*(692-680) = 75% winning chance.

All u need to do is place multiple bets on multiple options.

NorrisK
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November 18, 2016, 11:37:45 AM
 #22

It is nice to see a win like this but most likely there have also been a lot of losing bets before and after that one.

Don't get too hyped when you see wins like this, it is not likely to happen to you.
RocketSingh
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November 20, 2016, 06:40:27 PM
 #23

It is nice to see a win like this but most likely there have also been a lot of losing bets before and after that one.
True. And there were as I explained to another guy thinking this win as sheer luck...

One can increase his winning chance by doing a trade off with expected payout and it seems this winner actually did that. U think that this guy has won huge amount with 6.25%, is because u r looking at only one bet. But, if u look at the whole board, it seems like from 681 to 692, all bets are his. So, in reality, he played with 6.25*(692-680) = 75% winning chance.

All u need to do is place multiple bets on multiple options.


Don't get too hyped when you see wins like this, it is not likely to happen to you.
True again. That's why I said the following...

Control is another name of Gamble. Wink

audaciousbeing
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November 21, 2016, 05:36:55 PM
 #24

And I want to believe that the person you are referring to is yourself but what I would ask is to what end? To show us you can win? to show us we can also win on that site thereby promoting the site? I will go for the latter but how will the site makes its own income if its having 0% house edge? or the site is just meant winning? Please satisfy my curiosity.
Blitzboy
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November 21, 2016, 05:42:24 PM
 #25

16x times on winning. This guy must be very very lucky. Imagine if he put about 1 bitcoin there, he will collect 16 bitcoin after guessing correct last digit of last digit of the block hash that includes his transaction. Congrats, whoever you are. i think would try this site Smiley it seems legit to me

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LFC_Bitcoin
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November 21, 2016, 06:54:40 PM
 #26

Very nice win detailed in the OP, I've seen a lot bigger before though. Still, congrats to whoever pulled in the big win  Grin

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dollarbill$44
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November 22, 2016, 01:15:46 PM
 #27

Nice!!!
Jimmy Wales (OP)
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November 24, 2016, 03:59:39 PM
 #28

And I want to believe that the person you are referring to is yourself but what I would ask is to what end? To show us you can win? to show us we can also win on that site thereby promoting the site?
Nopes. I'm NOT the winner. I'm kinda excited about this 0% house edge thing and closely tracking progress of the site. So, if there is a BIG winning there, I let the community know.

I will go for the latter but how will the site makes its own income if its having 0% house edge? or the site is just meant winning? Please satisfy my curiosity.
House edge is merely a probabilistic figure. It is NOT site commission. 0% house edge means both u & house has equal winning probability in the long run. But, as bankroll of the house is in general bigger than an individual player, they manage to keep the bank rolling in the long run and hence make profit. Hopefully, I've been able to satisfy your curiosity. Smiley
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