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Author Topic: 12% loses since joining satoshidice  (Read 3332 times)
quit_gambling_for_good
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January 24, 2017, 07:35:09 AM
#21

gambling always have risk, in the long run, the house edge will win over the players, this is maths, so the best way is to quit gambling  Smiley
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January 24, 2017, 09:28:18 AM
#22

gambling always have risk, in the long run, the house edge will win over the players, this is maths, so the best way is to quit gambling  Smiley

Thanks but you might want to check again, I am betting as the house and the advantage is 1.9%, factoring that mathematically I am almost 14% at losses.

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January 24, 2017, 09:57:20 AM
#23

gambling always have risk, in the long run, the house edge will win over the players, this is maths, so the best way is to quit gambling  Smiley

Thanks but you might want to check again, I am betting as the house and the advantage is 1.9%, factoring that mathematically I am almost 14% at losses.

That is very suspicious to me. We all know that gambling is a risk but there will be a calculation behind all the gambling so when it is 1.9%, how can you lose 12+%?
I think you should report that to the Admins.

.
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January 24, 2017, 10:43:19 AM
#24

Its only my opinion, and i hate this site. I never win there, with faucet, with deposit - only on satoshidice i have 30-40 lose streak after hit x6.. every time.
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January 24, 2017, 10:53:48 AM
#25

gambling always have risk, in the long run, the house edge will win over the players, this is maths, so the best way is to quit gambling  Smiley

Thanks but you might want to check again, I am betting as the house and the advantage is 1.9%, factoring that mathematically I am almost 14% at losses.

That is very suspicious to me. We all know that gambling is a risk but there will be a calculation behind all the gambling so when it is 1.9%, how can you lose 12+%?
I think you should report that to the Admins.

Statisticks works only with very big numbers. If you make hundreds  of millions of bets then you can expect to lose something around the house edge. Otherwise anything can happen. That's why some people are winning with gambling more than they "should" statistically, and some people are  losing more than they expect.

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chaser15
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January 24, 2017, 11:01:36 AM
#26

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



There is no guaranteed winning in any kinds of gambling and that is obvious at the start, even when you play with the house and not against at it.

People thinks that by siding with the house, they can scoop some winnings in the long run which is obviously majority of the people will think because house always win.

Im seeing two things here, gamblers are really lucky hitting big amounts of jackpot or the gambling site itself modified some things to make their investors not to profit in a long run. Well who knows.
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January 24, 2017, 02:21:21 PM
#27

Thanks but you might want to check again, I am betting as the house and the advantage is 1.9%, factoring that mathematically I am almost 14% at losses.
I summed it up here: Satoshidice scam, 500+ Bitcoins defrauded and disappeared!

Investors have confirmed that you also invest in Satoshi Slot with a 3,5% house edge. But unkluckily, account Underdog01253 (user ID 2789717) was created January 11, 2017, placed a bet of 0.25 BTC and won a x1215.92 multiplier to walk away with a whopping 303.73 BTC.

If you invest at a shady site, where account balances in the height of 100s of Bitcoins magically disappear, percentages in your favour do not play much a role!

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January 25, 2017, 06:19:58 AM
#28

gambling always have risk, in the long run, the house edge will win over the players, this is maths, so the best way is to quit gambling  Smiley

Thanks but you might want to check again, I am betting as the house and the advantage is 1.9%, factoring that mathematically I am almost 14% at losses.

That is very suspicious to me. We all know that gambling is a risk but there will be a calculation behind all the gambling so when it is 1.9%, how can you lose 12+%?
I think you should report that to the Admins.

Statisticks works only with very big numbers. If you make hundreds  of millions of bets then you can expect to lose something around the house edge. Otherwise anything can happen. That's why some people are winning with gambling more than they "should" statistically, and some people are  losing more than they expect.

Yes, I agree. But over a period of time and a hundred of millions of bets it should be at least near to what they are showing as house edge.!! I always hear more n more people who lost in this site than gain. So was feeling suspicious.  Roll Eyes

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January 25, 2017, 06:28:13 AM
#29

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



no one is guaranteed to winning gambling with easy but if you have lost 12%, then you may need to get rest for a moment and leave the sites and move into another sites and maybe in other sites, you will get your luck and could win the games. but since 12% is not big as other gamblers so i hope you are fine with that.

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January 25, 2017, 06:34:15 AM
#30

~
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.

Thanks for this. I joined here to see if I can gain something good. By the way how much percentage does satoshidice is giving to investors?
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January 25, 2017, 07:59:02 AM
#31

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.

I do not think investing in gambling sites bankroll has little risk.  It has the same risk as betting against the bankroll.  Though odds favor you this time, but still outcome is decided by luck the same as betting against the house.  If what you said is true then why there are Casino that has negative ROI for investors e.g. OP situation.

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carlfebz2
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January 25, 2017, 08:21:11 AM
#32

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.

I do not think investing in gambling sites bankroll has little risk.  It has the same risk as betting against the bankroll.  Though odds favor you this time, but still outcome is decided by luck the same as betting against the house.  If what you said is true then why there are Casino that has negative ROI for investors e.g. OP situation.
Any investment do really have risk on lossing money and investing on gambling house is no exception because seeing on the situation of OP hes already on negative which is also being experience for those people who invest money on that site not only him but all of them.Investing on house do really have risk and the main opponent here is those very lucky players.
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January 25, 2017, 09:09:30 AM
#33

I will give everyone an update a month later and see at where I stand at the bet.

If the losing continues I am highly suspicious that only the real house aka the owner is the one making money.

Be the person you want to coin.
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January 25, 2017, 09:18:39 AM
#34

gambling always have risk, in the long run, the house edge will win over the players, this is maths, so the best way is to quit gambling  Smiley

Thanks but you might want to check again, I am betting as the house and the advantage is 1.9%, factoring that mathematically I am almost 14% at losses.

You need to check how the profit sharing is done for the investors because some casinos will have additional fees for the investors. You should be considering to diversify your investments into few other good casinos so that some one or two give you losses others will compensate in this kind of situations. In the longer run you will still make the profit because house is always going to win.

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bettercrypto
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January 25, 2017, 10:07:49 AM
#35

gambling always have risk, in the long run, the house edge will win over the players, this is maths, so the best way is to quit gambling  Smiley

Thanks but you might want to check again, I am betting as the house and the advantage is 1.9%, factoring that mathematically I am almost 14% at losses.

You need to check how the profit sharing is done for the investors because some casinos will have additional fees for the investors. You should be considering to diversify your investments into few other good casinos so that some one or two give you losses others will compensate in this kind of situations. In the longer run you will still make the profit because house is always going to win.

Indeed, better check them, but I guess SD is just having a bad days.  If it continues you can try other Casino site investment offer.

I will give everyone an update a month later and see at where I stand at the bet.

If the losing continues I am highly suspicious that only the real house aka the owner is the one making money.

You can check the statistics of the site.  I think their statistics is publish somewhere and you as investor should see it so that you can verify them yourselves.  If they really are losing then that is the reason why you have negative ROI.
Idrisu
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January 26, 2017, 07:02:41 AM
#36

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
It is not only in gambling you lose the more your gamble but also in forest, margin and leverage trading. The only way to succeed in gambling, betting, forex and margin and leverage is through good money management: Because what ever involved high risk involved coition, you also need to develop your skills and emotional control. Remember that gambling is not for everyone you should find out the risk involved before venture into it.

piebeyb
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January 26, 2017, 07:10:46 AM
#37

I think it's something natural thing when playing gambling you must also be ready to accept defeat not everyone is fortunate to get a win, hopefully the luck be with you at a later date at least try other gambling sites to add your thoughts
cyrixcer
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January 26, 2017, 07:20:29 AM
#38

Its only my opinion, and i hate this site. I never win there, with faucet, with deposit - only on satoshidice i have 30-40 lose streak after hit x6.. every time.

You have very bad luck on this site actually, I don't play thia site because I heard this site is bought with 100k BTC, the new owner is too stupid to afford this amount. They will scam, otherwise they can't get the investment back.
crazyivan
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January 26, 2017, 07:59:41 AM
#39

Well, if casinos would always win, nobody would play there at all. That s why it s called gambling.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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January 26, 2017, 09:56:05 AM
#40

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



Well there are no guaranteed winnings in gambling. That's part of the "addiction" to it. You try to control something that is uncertain.
I would recommend you to try sports betting instead. It's not guaranteed money as well, but you depend on your skill and analysis, so your odds chances of getting profit are better.

A good place to start would be our Tipster Championship, since we offer prizes on top of your normal betting wins, so it's an added value to your bets.
And if you fulfill the requirements you do get a guaranteed prize of 100mBTC.

Check our full prizes, and conditions in the link bellow, and register with us. I think you will enjoy it:
https://bitcointalk.org/index.php?topic=1248467.0

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