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Question: Have you made money by gambiling on satoshi dice?
Yes - 36 (29.3%)
No - 49 (39.8%)
Haven't played - 38 (30.9%)
Total Voters: 123

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Author Topic: Have you made money by gambling on satoshi dice?  (Read 3920 times)
im3w1l
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April 12, 2013, 01:00:54 PM
 #1

Could be interesting
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Bitcoinm
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April 25, 2013, 05:08:48 AM
 #2

Made money and then lost it all.  The trick is to play, win, and STOP lol
TradeFortress
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April 25, 2013, 05:55:57 AM
 #3

Made money and then lost it all.  The trick is to play, win, and STOP lol
This is the difference between being up 30 btc vs down 120 btc.
Suushi
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April 25, 2013, 10:20:29 AM
 #4

Yea I have played Cheesy I have earned a lot and I have lost a lot Cheesy this is how it works Smiley

Feed the monkey:
BTC: 1221y12PxqLqv5pixd63tbtimc6LR5xq9j
LTC: LXaL8P3NJuYRWXoJtPCwHVBf5FcQWW2A7j
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Zaih
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April 25, 2013, 01:20:22 PM
 #5

Lost my life savings Sad




















Naaaah. Lost a bitcoin or two in total. Was all in good fun though Smiley
keatonatron
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April 25, 2013, 04:01:40 PM
 #6

The trick is to play, win, and STOP lol

That's what I did. I'm up 0.22 BTC and I'm not playing any more  Wink

1KEATSvAhbB7yj2baLB5xkyJSnkfqPGAqk
giantdragon
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April 25, 2013, 06:44:11 PM
 #7

I think you are smart enough to know that it is impossible to win in negative EV games!
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April 25, 2013, 06:45:58 PM
 #8

I know a guy who automated betting. Says he's up (not a ton mind you, but he is positive). I assume he's looking for streaks in their result generator. At least he doesn't take it too seriously I guess, knowing that the underlying strat is pretty -ev.
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April 30, 2013, 09:58:21 PM
 #9

I have won over 9 bitcoin in 72 hours using new progressive betting system I wrote 3 days ago. Minimum bet is .0125. Started with 4 and now over 13 at the moment. Here are the results:

https://blockchain.info/charts/balance?address=1KGBhwojYViF3rL7x85rmoQve7ohwaGgo9

Will keep tweaking and testing variation in Excel... hope it sustains the win rate!

I know the house has an edge... But we'll see if proper money management can lock up my profits

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April 30, 2013, 10:10:50 PM
 #10

http://bitcoingazillionaire.com/images/9ac35003bc1a811ce531471165010331.gif
dooglus
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May 01, 2013, 12:03:24 AM
 #11

I think you are smart enough to know that it is impossible to win in negative EV games!

Not true.  I'm up at SatoshiDice.  All you need is a little luck, and to quit while you're ahead.

It's impossible to stay up if you keep playing forever; eventually the negative expectation will drag you down but in the short term the 1.9% house edge is beatable if you're lucky enough.

Just-Dice                 ██             
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fcmatt
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May 01, 2013, 12:10:12 AM
 #12

I think you are smart enough to know that it is impossible to win in negative EV games!

Not true.  I'm up at SatoshiDice.  All you need is a little luck, and to quit while you're ahead.

It's impossible to stay up if you keep playing forever; eventually the negative expectation will drag you down but in the short term the 1.9% house edge is beatable if you're lucky enough.

Dooglus is a math whiz. He farts winning wagers when waking up on weekends. While weenies wish they would win but whine why? Why? Why did my wager wind up wasting my wad.

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Rampion
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May 01, 2013, 12:12:16 AM
 #13

I think you are smart enough to know that it is impossible to win in negative EV games!

Not true.  I'm up at SatoshiDice.  All you need is a little luck, and to quit while you're ahead.

It's impossible to stay up if you keep playing forever; eventually the negative expectation will drag you down but in the short term the 1.9% house edge is beatable if you're lucky enough.

Yeah, "if you're lucky enough" - that's why they call it gambling. If you play long enough, you will lose for sure. If you play only a few times, "and you are lucky enough", you may win a little. But then, is it worth it just to win a little?

omgitsmehehe
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May 01, 2013, 12:14:47 AM
 #14

I won 20BTC and quit. Atleast I think I did.... If it's not a Dice win then I have a very nice admirer Smiley

80e97e77f3c55af541c8e7a9caac852cbabcd5e2bfbd7e90e683466ce630bfa0

If you want to check feel free.
dooglus
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May 01, 2013, 12:29:27 AM
 #15

Yeah, "if you're lucky enough" - that's why they call it gambling. If you play long enough, you will lose for sure. If you play only a few times, "and you are lucky enough", you may win a little. But then, is it worth it just to win a little?

I'm up about 42 BTC, and have 'retired'.  It was a martingale bet that got out of hand and nearly cost me a lot more than that.  I was stupid to play it, and lucky not to lose.

I'm not saying it's a good idea to gamble on negative expectation games.  But I am saying it's possible to win, since I have done.



Dooglus is a math whiz. He farts winning wagers when waking up on weekends. While weenies wish they would win but whine why? Why? Why did my wager wind up wasting my wad.

A brilliant commentary.  Defying expectations, fcmatt gets his ill-informed jabberings kompletely - ah f**k it.  Too hard.  Smiley

Just-Dice                 ██             
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   1% House Edge
Rampion
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May 01, 2013, 12:33:26 AM
 #16

Yeah, "if you're lucky enough" - that's why they call it gambling. If you play long enough, you will lose for sure. If you play only a few times, "and you are lucky enough", you may win a little. But then, is it worth it just to win a little?

I'm up about 42 BTC, and have 'retired'.  It was a martingale bet that got out of hand and nearly cost me a lot more than that.  I was stupid to play it, and lucky not to lose.

I'm not saying it's a good idea to gamble on negative expectation games.  But I am saying it's possible to win, since I have done.



Dooglus is a math whiz. He farts winning wagers when waking up on weekends. While weenies wish they would win but whine why? Why? Why did my wager wind up wasting my wad.

A brilliant commentary.  Defying expectations, fcmatt gets his ill-informed jabberings kompletely - ah f**k it.  Too hard.  Smiley

Yes, of course it's possible to win. That's obvious, and that's exactly the reason why "not so smart" people get sucked in and lose what they cannot afford to.

dooglus
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May 01, 2013, 12:35:36 AM
 #17

I won 20BTC and quit. Atleast I think I did.... If it's not a Dice win then I have a very nice admirer Smiley

80e97e77f3c55af541c8e7a9caac852cbabcd5e2bfbd7e90e683466ce630bfa0

If you want to check feel free.

That's not a dice win.  Dice wins have '1dice...' in their list of inputs.

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dooglus
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May 01, 2013, 12:36:25 AM
 #18

Yes, of course it's possible to win. That's obvious, and that's exactly the reason why "not so smart" people get sucked in and lose what they cannot afford to.

I was countering this:

I think you are smart enough to know that it is impossible to win in negative EV games!

Just-Dice                 ██             
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   1% House Edge
owenprescott
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May 01, 2013, 12:39:17 AM
 #19

I tried it out, won on the second attempt putting me back into positives then I stopped playing, never to return. Not a fan of gambling, feel like I beat the system.  Grin
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May 01, 2013, 12:49:48 AM
 #20

I am down a couple btc.
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