The most profitable gambling sites/methodes

[SRoulette]

SRoulette, by the way, not that I want to patronage the competition, but your games are one of the very few I like in the bitcoin world. Pretty good job.

Oh WOW, That is some huge flattery and thank you kind sir/ madam .

If we are to be outclassed by anyone (hehe I kid, we are outclassed by many) then I would prefer it to be your site.

I have not created an account yet, but I have had a click through and props to you and your team for the excellent site design.
Honestly Im very jealous of the site its well presented and has a nice consistent feel.
You prompted me to go looking for a talented web designer again

Best of luck in your endeavour.

[1715287260]

1715287260

[1715287260]

1715287260

[bit777]

Take a look at our games If you open account, send me your username and I'll put some credits for testing purposes.

[KarlChappe]

There is no gambling site that is profitable, except Poker because you play against other players and not against the house. Poker is the only one with positive expected value.

If someone know another +EV game, I'd like to know.
If not, learn poker, come to SwC and forget about pseudo winning gambling method.

[nocube]

As KarlChappe said, anytime you play against the house you have a negative EV. Playing against others and giving the house a cut, you might have a positive EP, depending on skill and/or luck. When someone has +EP, someone else has to have -EP. In the end, they're zero-sum games (minus the fees).

[bit777]

That statement is not entirely correct.

The honest truth is that 90% of poker players have a negative EV. That has been proven by a few hundred years of poker play in both land-based and online poker rooms. 90% of the players always lose their money to the 10% professional players in the room.

So unless you are a professional poker player, your chance is close to 100% to lose all your money to a pro, a room local, or whatever you call them.

[KarlChappe]

That statement is not entirely correct.

The honest truth is that 90% of poker players have a negative EV. That has been proven by a few hundred years of poker play in both land-based and online poker rooms. 90% of the players always lose their money to the 10% professional players in the room.

So unless you are a professional poker player, your chance is close to 100% to lose all your money to a pro, a room local, or whatever you call them.

Loosing players have a negative EV because some players are better than them. But poker is a +EV game for decent players.

I lived two years from poker and one year in Phuket Thailand. I'm not the best player around but I've studied the game a lot and I think everybody with two neurons can do that.

You can study craps or roulette for a year, you will still lose in the long run because it's a negative EV game.

Playing roulette or craps can be fun, no problem with that. When I do it, I know it's gambling and sometimes I like it.
Poker is a different process.

I've just won 2.5 BTC on SwC, I like this game ;-)

[dooglus]

yea but theory doesn't always match the real life So i'am just asking in witch game people won mostly, in real life, not theretically

I guess my best result would be on satoshidice's progressive game when they first introduced it.

The odds were hugely in the player's favour for a while.  I bet 1 BTC twice and won 22.25 BTC



They've fixed the game now so it's almost always a really bad deal for the player.  But it's worth watching out for times when games are +EV.

[bit777]

Loosing players have a negative EV because some players are better than them. But poker is a +EV game for decent players.

I lived two years from poker and one year in Phuket Thailand. I'm not the best player around but I've studied the game a lot and I think everybody with two neurons can do that.

You can study craps or roulette for a year, you will still lose in the long run because it's a negative EV game.

Playing roulette or craps can be fun, no problem with that. When I do it, I know it's gambling and sometimes I like it.
Poker is a different process.

I've just won 2.5 BTC on SwC, I like this game ;-)

Yes that is what I am talking about. It really depends which group of players you represent. And on another note same can be said for BlackJack players. Some of them win big. They call them "Skilled players". So it really depends on which group of players you represent no matter if it is a casino or a poker room.

[dooglus]

And on another note same can be said for BlackJack players. Some of them win big. They call them "Skilled players". So it really depends on which group of players you represent no matter if it is a casino or a poker room.

I forget how much I'm up on blackjack from card counting, but something like 30 or 40 BTC I think.  I taught my girlfriend how to do it too, and she won a similar amount.  It's hard to find sites stupid enough to run online games that you can beat by counting, but it was still possible last time I checked.  The tiny edge available now however makes it not worth doing.

Other non-skill games (because following simple rules like card counting isn't really 'skill', not like poker IMHO) that can still be +EV for the player include things like lotteries (bitmillions.com) which are +EV when the prize pools are big enough, and any game with a progressive pot (like lots of video poker games - just work out how big the pot needs to be to be +EV and play when it's big enough).

I've also found bitzino to be +EV at times because the site's owner tips sometimes when I find and report bugs on the site.  The tips offset my gambling losses. 

[KarlChappe]

Loosing players have a negative EV because some players are better than them. But poker is a +EV game for decent players.

I lived two years from poker and one year in Phuket Thailand. I'm not the best player around but I've studied the game a lot and I think everybody with two neurons can do that.

You can study craps or roulette for a year, you will still lose in the long run because it's a negative EV game.

Playing roulette or craps can be fun, no problem with that. When I do it, I know it's gambling and sometimes I like it.
Poker is a different process.

I've just won 2.5 BTC on SwC, I like this game ;-)

Yes that is what I am talking about. It really depends which group of players you represent. And on another note same can be said for BlackJack players. Some of them win big. They call them "Skilled players". So it really depends on which group of players you represent no matter if it is a casino or a poker room.

A long time ago, some players won big in black jack by counting cards. Today, you have to be a genius or you have to use a device to count cards, which is illegal. It's a lot more difficult.

By the way, your casino look nice.

 

[bit777]

It is still possible in Vegas. I know someone that does it successfully. They go with an entire team and make a lot of money out of it each time. Apart from that, I heard about a winning system on roulette which is statistically proven. Also Baccarat is a very good game to make money on.

10X for the compliment, I am glad you like it

[dooglus]

Today, you have to be a genius or you have to use a device to count cards, which is illegal. It's a lot more difficult.

This is a fallacy.  Counting cards is as easy as keeping a number in your head, adding 1 whenever you see a 2-6 and subtracting 1 whenever you see a T-A.  Start at zero, and bet higher when the number is higher.  That's enough to profit so long at they play deep enough into the shoe without shuffling.

I used to just switch tables whenever the count went negative, because that would cause the software to reshuffle the cards.

[bitfair]

There is no gambling site that is profitable, except Poker because you play against other players and not against the house. Poker is the only one with positive expected value.

If someone know another +EV game, I'd like to know.

Most gambling sites are profitable to their owners, though.

On an unrelated note, I have developed a gambling website [in fact, a Betting Exchange - the awesomest type of gambling site] that I am trying to sell: https://bitcointalk.org/index.php?topic=191126.0

[bit777]

bitfair, why don't you try to run the exchange instead of selling? From what I am seeing, there are plenty of sports bettors who use bitcoins and they would most likely appreciate it.

[bitfair]

bitfair, why don't you try to run the exchange instead of selling? From what I am seeing, there are plenty of sports bettors who use bitcoins and they would most likely appreciate it.

Thanks for the encouragement - I started out wanting to run it myself, but the last year a number of other projects have been increasingly taking up my time. I think it could be well worth-while running it myself, but other obligations limit quite dramatically the time I am able to dedicate to it.

I started out wanting to scratch my own itch, so to speak, and having seen a number of these threads, I'm sure many other bitcoiners would appreciate the service.

Anyway, since I think it would be a pretty lucrative business, if anyone would be interested in partnering rather than purchasing and accepting the main administrative responsibility, I would consider that too. Let me know!

[SRoulette]

There is no gambling site that is profitable

False, we a frequently profitable to the player when a jackpot is active.

I guess my best result would be on satoshidice's progressive game when they first introduced it.

Then you should check out our jackpot roulette when the jackpot is active. This is a screenshot of the payout percentages from the most recent time it was active:

[dooglus]

Then you should check out our jackpot roulette when the jackpot is active. This is a screenshot of the payout percentages from the most recent time it was active:

I think the satoshidice game was really +EV when I won it.  Like over 200% payout or some such.

Also, a quick glance at your site shows me:

Jackpot
Total   0.5 BTC
Limit   1 BTC

Does that mean the jackpot is never over 1 BTC?

[SRoulette]

Does that mean the jackpot is never over 1 BTC?

No, the jackpot must be 1 BTC before it can be collected.

There is a happy balance with progressive jackpots, one which we are still fine tuning.

Difficult to collect = Players will often ignore it until it builds to an incredible level.
Easy to collect = The jackpot never builds to much.
Jackpot Donation is to big = Players wont play the game until the jackpot is active as games with a large jackpot donation % often have poor payouts when the jackpot is not active.


As Roulette is our main game, we run a heavy donation % at our own expense and enforce a minimum jackpot size. This allows the jackpot to build to a level that when active will always have a positive EV while keeping the jackpot easy to collect.

On the other hand we have a game called minidice where the max bets are very low the jackpots are always active, thus providing some low hanging fruit for our penny bettors.

Then we have Jackpot Dice and Reverse Dice - our satoshidice inspired games. Designing a dice game that has better multipliers than SDice while including a progressive jackpot was not an easy task. The end result as you can see is a tiny jackpot donation complimented with a high average payout and 2 jackpot triggers to ensure the jackpot builds to an impressive level before becoming active.

[Financisto]

(...) Apart from that, I heard about a winning system on roulette which is statistically proven. Also Baccarat is a very good game to make money on. (...)

What is the name of that system? Martingale?   LOL

[bit777]

(...) Apart from that, I heard about a winning system on roulette which is statistically proven. Also Baccarat is a very good game to make money on. (...)

What is the name of that system? Martingale?   LOL

Martingale is a relatively good system, but it takes the fun and thrill out of gambling. What I usually do is see which 2 sectors are hotter and then cover all splits and corners of all numbers in the sectors plus a couple numbers related to birth dates. If I am lucky enough, I get quite a good profit out of it.