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Author Topic: 12% loses since joining satoshidice  (Read 3332 times)
metalbean
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January 22, 2017, 02:50:46 AM
#1

Granted winning is not guaranteed, but have lost to 12% since joining the house early January.


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January 22, 2017, 03:18:42 AM
#2

Granted winning is not guaranteed, but have lost to 12% since joining the house early January.



thats gambling mate, like they say you win some you lose some!!

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January 22, 2017, 03:31:23 AM
#3

And to think that Satoshidice's house isn't even small... Satoshidice is almost double the standard among active bitcoin dice games and it's weird how they survive in this very competitive market. It's not surprise that gamblers might be cautious but it's really interesting how a dice game with 1.9% house edge has it's house of the losing end for so long. Maybe some whales got lucky?



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metalbean
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January 22, 2017, 03:55:34 AM
#4

And to think that Satoshidice's house isn't even small... Satoshidice is almost double the standard among active bitcoin dice games and it's weird how they survive in this very competitive market. It's not surprise that gamblers might be cautious but it's really interesting how a dice game with 1.9% house edge has it's house of the losing end for so long. Maybe some whales got lucky?

Precisely.

When the pool is big enough the bets should be evenly distributed that the house enjoys the edge. Statistically at 1.9% edge.

Will continue to observe the performance and update everyone.

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January 22, 2017, 04:43:12 AM
#5

And to think that Satoshidice's house isn't even small... Satoshidice is almost double the standard among active bitcoin dice games and it's weird how they survive in this very competitive market. It's not surprise that gamblers might be cautious but it's really interesting how a dice game with 1.9% house edge has it's house of the losing end for so long. Maybe some whales got lucky?

This is the probable reason.  We all know that the pool of investment are being used as house bank roll.  If some big whales or majority of the players are winning, even if there is a huge house edge, they can not do anything at all but to pay this players and this will reflect on that pool.  Maybe OP need a little more time maybe the House will recover soon.

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January 22, 2017, 06:11:44 AM
#6

~
Will continue to observe the performance and update everyone.

or you can use the following topic: https://bitcointalk.org/index.php?topic=1585408.0 it has multiple casinos and is reporting the performance of each of them every week. and it has SatoshiDice too



and as you can see he stopped investing in SatoshiDice in the 10th week because it was a terrible investment.

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January 22, 2017, 06:23:02 AM
#7

You are very unlucky, 12% looks very suspicious, I doubt that there is a hack who found the exploit on satoshidice, or how can a gamblers win so much against the house? The house has 1% advantage, if you have 12% loss, it means that he has won 12% of the total house fund. But it won't last, the house always win eventually, have more patience and keep investing(if there is no bug on SD).
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January 22, 2017, 06:37:25 AM
#8

in gambling - you are prepared to suffer a fair amount of your money.
so no hard feelings if you lost.

but one thing for sure - there's no future in gambling! talking bout my perspective  Tongue

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January 22, 2017, 07:05:34 AM
#9

well, I think it is a small amount and you do not have to worry about it. If you are patient enough and know when is the right time to gamble, I bet that you can recover your money. Try to test other casinos and see how is everything

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January 22, 2017, 07:07:09 AM
#10

Granted winning is not guaranteed, but have lost to 12% since joining the house early January.
I think you are talking about investing in satoshidice's bankroll, investing in gambling sites bankroll is almost like gambling with little risk of loss. Best way for you now is to remain calm and don't divest your investment. Wait for few more days/weeks to see some +ve balance and you can divest/withdraw out if you are not satisfied with them.

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January 22, 2017, 07:15:01 AM
#11

Granted winning is not guaranteed, but have lost to 12% since joining the house early January.



I believe gambling sites risk around 10% of their bankroll to be won in single bets, so that swing isn't completely unimaginable. Since people do also win like double their bankroll like on Betkings, so a 12% towards a negative number isn't impossible.
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January 22, 2017, 07:45:13 AM
#12

Granted winning is not guaranteed, but have lost to 12% since joining the house early January.
May be that is just temporary but 12% is quite big loss may be some player become quite lucky and withdraws his winnings.

I have invested before in moneypot and i was only making 1-2% per day so to get out of this loss, you may have to wait for 2 to 3 weeks that is also only if no anyone wins big and get out.  Grin

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January 22, 2017, 08:15:54 AM
#13

well, I think it is a small amount and you do not have to worry about it. If you are patient enough and know when is the right time to gamble, I bet that you can recover your money. Try to test other casinos and see how is everything

May be you are wrong, on gambling the long run that you do the more lose that you can get because this is business involve so they dont want to lose money to players. Although if they lose, they will try to get it once because of house edge, only house edge that casino has to make the table turn

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NorrisK
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January 22, 2017, 08:19:07 AM
#14

It can also be possible that your betting strategy is setting you up for bigger losses than the expected house edge.

Say you bet small at first, win some and lose some, but than tilt and decide to make a larger bet, which you may lose. If you lose it, you are suddenly much lower in your bankroll, while you still may have lost only the house edge when looking at the amount of bets.

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January 22, 2017, 08:19:57 AM
#15

12% loss is already a lot for me on just on this month but I would like to suggest to stay put and don't pull out your funds you will eventually cope up in next months but still not guaranteed that's why we should really be prepared on this kind of scenarios because it do really happens on investing on houses.Profits are not guaranteed anytime.

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January 22, 2017, 08:39:07 AM
#16

Granted winning is not guaranteed, but have lost to 12% since joining the house early January.



Get your money out before it is too late. That site has been borderline a scam site for months now.

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January 22, 2017, 10:22:16 AM
#17

Granted winning is not guaranteed, but have lost to 12% since joining the house early January.



Come to Yolodice then!

50BTC profit in a few days Grin

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Caladonian
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January 22, 2017, 01:55:18 PM
#18

well, I think it is a small amount and you do not have to worry about it. If you are patient enough and know when is the right time to gamble, I bet that you can recover your money. Try to test other casinos and see how is everything

May be you are wrong, on gambling the long run that you do the more lose that you can get because this is business involve so they dont want to lose money to players. Although if they lose, they will try to get it once because of house edge, only house edge that casino has to make the table turn
well its right if you can also try other casino and see your luck maybe you can also got some chances to recover but if you are not seeing any potential with this type of investment if you are just trying to gain some earnings better to switch over to other things that you are more familiar and you have some edge.

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Kemarit
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January 23, 2017, 02:02:48 PM
#19

Granted winning is not guaranteed, but have lost to 12% since joining the house early January.



I hope its not your hard earned money that you lost. Perhaps as other mentioned, go try your luck on other casinos. You don't know you maybe the next big winner. I would also say thanks for sharing your post here, other don't have the courage to even admit how much they lost but you took it on stride mate.

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January 23, 2017, 02:59:30 PM
#20

Granted winning is not guaranteed, but have lost to 12% since joining the house early January.
I think you are talking about investing in satoshidice's bankroll, investing in gambling sites bankroll is almost like gambling with little risk of loss. Best way for you now is to remain calm and don't divest your investment. Wait for few more days/weeks to see some +ve balance and you can divest/withdraw out if you are not satisfied with them.


Yes, the bet was on Satoshidice's bankroll aka the house. It's not a big bet but it's really "interesting" that the house is actually sustaining a 12% loss after a month, though I am imaging the loss is not the total average loss but the bets that my chip is participating as the house for over a month, but still...

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