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Author Topic: Would you risk 10 BTC at 80% to get a 1.2x payout?  (Read 3269 times)
cryp24x
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May 23, 2017, 09:46:56 PM
 #61

It is very tempting to win  2 btc in one roll but the idea of losing 10 BTC discourage me to do such kind of bet.  Aside from that even though the chance of winning is 80%, there is no telling what would be the result of the roll since 20% is still a big percentage and might be the one to come up making you lose 10 BTC.
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May 23, 2017, 10:29:09 PM
 #62

Would you risk 10 BTC at 80% to get a 1.2x payout? or even at 90% for a 1.1x?

Seems so easy to get a big payout. Just not quite sure if i can push the roll dice button tho.

But the easy money is so..
I am unable to do that in this time as I do not have that money but for some people who are very rich and for whom 10 bitcoin is not a high amount they will bet with that money or they will bet with even more high amount of money as they will afford to lose that.
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May 23, 2017, 11:01:36 PM
 #63

It is very tempting to win  2 btc in one roll but the idea of losing 10 BTC discourage me to do such kind of bet.  Aside from that even though the chance of winning is 80%, there is no telling what would be the result of the roll since 20% is still a big percentage and might be the one to come up making you lose 10 BTC.
since house edge would work effectively in this kind bet , you would feel have a 49% chance to win and the rest of it are about lost. if you can afford to do that huge amount bet , why not put it on a better payout rates? it's super hurting really when you have to get a lost with that low multiplier. sounds like easy money , it's a wrong thought. it was easy way to make you get frustated.

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May 23, 2017, 11:10:00 PM
 #64

It is very tempting to win  2 btc in one roll but the idea of losing 10 BTC discourage me to do such kind of bet.  Aside from that even though the chance of winning is 80%, there is no telling what would be the result of the roll since 20% is still a big percentage and might be the one to come up making you lose 10 BTC.
since house edge would work effectively in this kind bet , you would feel have a 49% chance to win and the rest of it are about lost. if you can afford to do that huge amount bet , why not put it on a better payout rates? it's super hurting really when you have to get a lost with that low multiplier. sounds like easy money , it's a wrong thought. it was easy way to make you get frustated.
I think it will be still depends if what site you are betting if you are betting on sports betting i think you have more chance to win in sports betting than if you go betting your 10 btc in dice game or slots don't expect that you can be easily win in dice game or slots. Expect that you can be lose all of them..
Like other said much better to withdraw them and get the benefits of the price increase or saving it maybe you can gain more profit just holding them because the price really increasing no dump happening this few days. .

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machinek20
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May 23, 2017, 11:28:55 PM
 #65

No, the risk is too high and it is not an easy money, if you lost it then there will be no way to recovered your lost, 10btc is a big amount and if you think you can get easy mney from gambling then you are wrong, you will end up bankrupt if you think like that
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May 24, 2017, 12:43:48 AM
 #66

I cannot risk a 10 btc bet at 80% because that is too high for a bet just to get a little profit. What if you bet 10 btc and got red you will lose all your balance. I suggest than you only play 1 btc bank roll and play different strategy because sometime that 1.2x payout is a silent killer. i would rather bet it at 2x.

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May 24, 2017, 03:10:46 AM
 #67

I cannot risk a 10 btc bet at 80% because that is too high for a bet just to get a little profit. What if you bet 10 btc and got red you will lose all your balance. I suggest than you only play 1 btc bank roll and play different strategy because sometime that 1.2x payout is a silent killer. i would rather bet it at 2x.

2BTC is not a little profit bro, Hahahha. But the difference on the amount of bet and the potential profit is very far and it is very risky to  bet that huge amount even though the chance of winning is high. It is just like betting on superpower team and at the middle of the game, Their star player got injured and result to lose.
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May 24, 2017, 06:36:51 AM
 #68

I will not risk such a huge amount even if there is a 99% chance of winning, Even though the probability of winning is good I think it's too much of a risk involved.
Even I would not risk too much on that amounts even theres only 1% chance of losing but still not an assurance that you would hit that 99% chance of winning. Thinking off that theres an house edge which means chances would be somehow bigger than expected.Imagining that you lose that amount on 99% chance of winning you will surely regret for a longer period of time on recovering.
I will also not take the risk. In gambling, i will not trust this 1% also. Who knows this 1% will make an empty hand on a single bet. Anything can be possible in gambling. A recent example in sports betting IPL final match last over Pune need 11 runs in 6 balls. 1st ball 4 runs. So next 5 balls Pune want 7 runs to win still 6 wickets in hand. That time the same situation is there for pure supporters but what happened Pune lost the game by just 1 run. Big loss for many gamblers.
No matter what kind of gambling game we do talk about there are really some situation on which results are really unexpected to happen when the times we do saw the team we do have is already winning or shall we say close to win but situation changes and results are different. Yes,anything could possibly happen on gambling thats why you should know the risk if you do made such actions.

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May 24, 2017, 07:40:29 AM
 #69

I cannot risk a 10 btc bet at 80% because that is too high for a bet just to get a little profit. What if you bet 10 btc and got red you will lose all your balance. I suggest than you only play 1 btc bank roll and play different strategy because sometime that 1.2x payout is a silent killer. i would rather bet it at 2x.
that's also same advise by most of us here placing your btc at risk and that's not a small money its really a huge one which you can already create a business using it and instead of risking it in one bet better to make some adjustment instead.
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May 24, 2017, 07:58:00 AM
 #70

For those who think 10 btc is too much, would it change for you if the question was:

"Would you risk 0.1 BTC at 80% to get a 1.2x payout?"

More reasonable input, but same payout idea.
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May 24, 2017, 08:00:04 AM
 #71

Would you risk 10 BTC at 80% to get a 1.2x payout? or even at 90% for a 1.1x?

Seems so easy to get a big payout. Just not quite sure if i can push the roll dice button tho.

But the easy money is so..
I won't ever do for stupid things. Risk still risk and there found some hole to lost your money.

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phr0stbyt3
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May 24, 2017, 08:07:41 AM
 #72

Lol you idiot gambling addicts i don't even understand why would someone even do a 50% chance. It's your hard earned money and with gambling you can surely double or in this case even triple but the point is you don't realise if it's not in your favour everything is gone. And just save up those coins bitcoin is significantly increasing.
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May 24, 2017, 08:14:23 AM
 #73

Sure if you give me that money  Cheesy it's a bit rare to get lose on first try on gambling site which is have 1% house edge and then i payout it immediately. But in another case if it's my own money that i get from my efforts and the only one then i'm the dumb person to not use it wisely. it must be like your last day to gamble with 10 BTCs.

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ViceOfBTC21
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May 24, 2017, 08:20:47 AM
 #74

If I had at least 1000 BTC then I would gamble 10BTC in one roll of dice knowing that I can win or lose.
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May 24, 2017, 10:07:03 AM
 #75

I can't risk 10 BTC even for 99% chance of winning, its better to just bet 0.10BTC with 50% chance because if you loss you will only loss 1% of your 10BTC.
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May 24, 2017, 10:43:53 AM
 #76

Would you risk 10 BTC at 80% to get a 1.2x payout? or even at 90% for a 1.1x?

Seems so easy to get a big payout. Just not quite sure if i can push the roll dice button tho.

But the easy money is so..
1.20 offers no value. If it was in sports betting then sure although I would still not advice you to do so. But on dice? Come on! Its always rigged to favor the house so just don't waste your cash.
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May 24, 2017, 11:01:39 AM
 #77

Would you risk 10 BTC at 80% to get a 1.2x payout? or even at 90% for a 1.1x?

Seems so easy to get a big payout. Just not quite sure if i can push the roll dice button tho.

But the easy money is so..

I don't think that's easy money, because you are risking so much, for a small profit, compared to the risk you are taking.
And now, given the huge price on BTC, and they seem to keep going up, I would say it's much better not to risk 10BTC for 10% or 10% profit. You can get that with the bitcoin rising altogether.

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iluvbitcoins
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May 24, 2017, 11:09:55 AM
 #78

Would you risk 10 BTC at 80% to get a 1.2x payout? or even at 90% for a 1.1x?

Seems so easy to get a big payout. Just not quite sure if i can push the roll dice button tho.

But the easy money is so..

I don't think that's easy money, because you are risking so much, for a small profit, compared to the risk you are taking.
And now, given the huge price on BTC, and they seem to keep going up, I would say it's much better not to risk 10BTC for 10% or 10% profit. You can get that with the bitcoin rising altogether.

10BTC is a big amount to gamble, with the bull market going on it's safer to just hold bitcoin and profit Smiley

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May 24, 2017, 11:40:15 AM
 #79

I used to play on 80% winning chance, that was mostly when i successfully made my 1.5 ETH into 7 ETH. But i wouldn't ever bet 10 btc on that winning chance, even though it sounds "safe" to betting on that chance because it's quite high chance, but no one knows what will happens once you bet with 10 btc.
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May 24, 2017, 11:50:48 AM
 #80

I used to play on 80% winning chance, that was mostly when i successfully made my 1.5 ETH into 7 ETH. But i wouldn't ever bet 10 btc on that winning chance, even though it sounds "safe" to betting on that chance because it's quite high chance, but no one knows what will happens once you bet with 10 btc.

That's the point of gambling, if you knew the outcome it'd serve no purpose.

I saw a guy a while back on  bitcointalk claiming a casino was a scam because he lost 10 btc (or something like that, it was a lot basically) on a 1.1x bet  Cheesy Cheesy

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