12% loses since joining satoshidice

[YuginKadoya]

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

There is really no guaranteed profit over gambling and even if the style of playing is very easy it is not really easy winning it cause it has a risk even if the house edge is 12% there is still a risk to take over playing it, and I think even if they say that the house edge would just be 1% are you really sure it is 1%? they would still want to profit on their site and we could never really know the real percentage of a gambling sites house edge if we would not personally try it out.

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[Red-Apple]

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

There is really no guaranteed profit over gambling and even if the style of playing is very easy it is not really easy winning it cause it has a risk even if the house edge is 12% there is still a risk to take over playing it, and I think even if they say that the house edge would just be 1% are you really sure it is 1%? they would still want to profit on their site and we could never really know the real percentage of a gambling sites house edge if we would not personally try it out.

the house edge can not be 12% because it means nobody will ever play at that casino!
the 12% OP is talking about is the amount he has lost in that dice site. and that place is a bit strange to me, i don't see any wrong doing in it but they have a big house edge (which is bigger than the regular 1%) so obviously players should lose more but also the investors are losing money! how can these two happen at the same time?

[jujugoboom]

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

You are right, but casino houses are always in the end, I mean they make profit in the long term, if they lose this tiem, they will win next time, and finally players bust all of the fund, 95% gambling story are like this, 90% gamblers are losers in the long term.

[BTCevo]

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 

But with your quitting on gambling you might never know when will luck run to your since you never try it though. At least you put some of your money on gambling see whether you are pretty lucky or not. Although they have house edge does not mean that we can't win huge amount on particular site. Saw many of gambling site that has many winners out there. So why dont you try out some luck there? But remember to control it though

[LuanX3]

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

Well gambling site. Basically that's why. Maybe there were a lot of losers this month. Well, that's a lot of profits for the investors. Another way of thinking about it is maybe the new owners are rigging the game and they are making people lose their money. We'll never know until someone does create an investigation.

[lavi2001]

But it is gambling so it doesn't make any sense you may not lose

[maydna]

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

You are right, but casino houses are always in the end, I mean they make profit in the long term, if they lose this tiem, they will win next time, and finally players bust all of the fund, 95% gambling story are like this, 90% gamblers are losers in the long term.

so let we invest with the house and we can gain profit with them. i think we do not want to get loss more so better to leave that casino and we can doing gambling in our spare time and makes gambling as entertainment.

[dunfida]

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

You are right, but casino houses are always in the end, I mean they make profit in the long term, if they lose this tiem, they will win next time, and finally players bust all of the fund, 95% gambling story are like this, 90% gamblers are losers in the long term.

so let we invest with the house and we can gain profit with them. i think we do not want to get loss more so better to leave that casino and we can doing gambling in our spare time and makes gambling as entertainment.

You cant easily convince someone to quit or leave on that casino since it their own money and their hopes and decisions would remain. We should not panic at all when we are seeing negative profits on casinos bankroll because it would surely reverse back and make profits on longer runs.

[adaseb]

Does anyone actually bother to read this thread. Its not about gambling losses, its about the sites bankroll losses and how all of a sudden a new user appears and wins big and everyone's bankroll profits go down the drain.

Then there are the other issues with the site itself which has a hot wallet that is always empty, support thats non-existent and a really bad server host that's down alot lately.

[LuanX3]

Does anyone actually bother to read this thread. Its not about gambling losses, its about the sites bankroll losses and how all of a sudden a new user appears and wins big and everyone's bankroll profits go down the drain.

Then there are the other issues with the site itself which has a hot wallet that is always empty, support thats non-existent and a really bad server host that's down alot lately.

Oh, all this time I thought it was the other way around. Then that is indeed a problem. I believe satoshidice has been transferred to a new owner. They might be the cause of all this and there should be an investigation. The new owners might be trying to embezzle the money of the investors there.

[klf]

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

You are right, but casino houses are always in the end, I mean they make profit in the long term, if they lose this tiem, they will win next time, and finally players bust all of the fund, 95% gambling story are like this, 90% gamblers are losers in the long term.

I do agree that gambling houses will win in the longer run but sometimes if anyone wins very big amount then to recover that lost money as an investor may take very long time so it is good investors diversify your money into few good casinos than you can reduce your losses. Remember not to keep all your money on any one site or asset.

[LuanX3]

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

You are right, but casino houses are always in the end, I mean they make profit in the long term, if they lose this tiem, they will win next time, and finally players bust all of the fund, 95% gambling story are like this, 90% gamblers are losers in the long term.

I do agree that gambling houses will win in the longer run but sometimes if anyone wins very big amount then to recover that lost money as an investor may take very long time so it is good investors diversify your money into few good casinos than you can reduce your losses. Remember not to keep all your money on any one site or asset.

Yeah, probably someone lucky just hit the jackpot multiple times and just drained the house investment for some big chunk of money. Well, in the long run indeed the house will still win, it's just a matter of time. Though, if there has been cheating on the side of the website then someone should really look into it I believe they have a new owner.

[neochiny]

--
the house edge can not be 12% because it means nobody will ever play at that casino!
the 12% OP is talking about is the amount he has lost in that dice site. and that place is a bit strange to me, i don't see any wrong doing in it but they have a big house edge (which is bigger than the regular 1%) so obviously players should lose more but also the investors are losing money! how can these two happen at the same time?

Seems like they're not able to handle managing their investor's funds properly.
With a 1.9% house edge,(that's way higher than the normal .8 - 1%) the investors are still taking a hit. 
Or it's just the usual bad luck? Even the house can suffer losses after all. 

@OP, I wonder, for how long exactly did that 12% loss take? Was it -12% for a month, a quarter, semi-annual, or what?
Also, what's their max bet?

[valta4065]

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

You mean you invested? Or you played?
Cause if you played that's fucking normal xD

And if you invested... Well give it some time. The bank always wins in the end

[CraigWrightBTC]

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

That is part of risk on gambling game losing money
you should be ready for lost money before play gambling
will makes relax if you are lost money in gambling game
just remember gambling are depend on your lucky.

[valta4065]

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

That is part of risk on gambling game losing money
you should be ready for lost money before play gambling
will makes relax if you are lost money in gambling game
just remember gambling are depend on your lucky.

I think he invested.
Nobody would be dumb enough to complain when they're losing at a casino right?
Right?
So 12% of loss after investing, I understand he's a bit pissed off ^^'

[YuginKadoya]

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

There is really no guaranteed profit over gambling and even if the style of playing is very easy it is not really easy winning it cause it has a risk even if the house edge is 12% there is still a risk to take over playing it, and I think even if they say that the house edge would just be 1% are you really sure it is 1%? they would still want to profit on their site and we could never really know the real percentage of a gambling sites house edge if we would not personally try it out.

the house edge can not be 12% because it means nobody will ever play at that casino!
the 12% OP is talking about is the amount he has lost in that dice site. and that place is a bit strange to me, i don't see any wrong doing in it but they have a big house edge (which is bigger than the regular 1%) so obviously players should lose more but also the investors are losing money! how can these two happen at the same time?

And I am not also saying the house edge on Satoshidice in 12%, I said "IF" the house edge is 12% even if you say that 12% would be to high to be the house edge that nobody would ever want to play in a casino again, I think gambling sites would really not want to give out the exact percentage of it, and I think even if gambling would have a 1% house edge, it is still risky gambling is still gambling winning in it is not a mere walk in the park.

[d@nte]

Does anyone actually bother to read this thread. Its not about gambling losses, its about the sites bankroll losses and how all of a sudden a new user appears and wins big and everyone's bankroll profits go down the drain.

Then there are the other issues with the site itself which has a hot wallet that is always empty, support thats non-existent and a really bad server host that's down alot lately.

Oh, all this time I thought it was the other way around. Then that is indeed a problem. I believe satoshidice has been transferred to a new owner. They might be the cause of all this and there should be an investigation. The new owners might be trying to embezzle the money of the investors there.

It's sad to know that this happened. Some individuals take advantage of the fact that there is no regulation in crypto and try to create these types of services to get money from people with no experience, this is a problem because it keeps many people away from crypto. The best that can be done is for these people to study any website thoroughly before putting money into it.

[CraigWrightBTC]

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

That is part of risk on gambling game losing money
you should be ready for lost money before play gambling
will makes relax if you are lost money in gambling game
just remember gambling are depend on your lucky.

I think he invested.
Nobody would be dumb enough to complain when they're losing at a casino right?
Right?
So 12% of loss after investing, I understand he's a bit pissed off ^^'

Maybe you are right, unfortunately gambling is game it is not investment
except you have website gambling and taking profit from there.
Many people play gambling to looking for profit
unfortunately they are losing money in gambling.

[retrocoingames]

Please tell me you pulled out your money!