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[Betwrong]

Looking at this photo which was posted yesterday, it doesn't look like a very smart way of gambling. He started at a base bet of 0.08 BTC and using payout 5.00x, and on every loss he kept doing regular martingale.

But since his wins have less than a 20% chance of every roll, then its not uncommon for him to run into a losing streak of 50 losses in a row. If he got 50 losses in a row, he would need the 50th bet to have a value of 88 Million BTC for him to be able to stay in the game, which is far higher than the max bet amount.

Sometimes I think that people who perform martingale do not bother to do the maths before starting. I'll try to do my best to explain how big your losses might be with the martingale strategy.

Even if your base bet is just 1 Satoshi your 50th bet would be over 11 Million BTC. If the base bet is 0.08 BTC then after 49 losses in a raw you'll need over 45 Trilllion BTC to make the next bet.

So be careful with that martingale thing, guys. )

[drwtsn32]

Looking at this photo which was posted yesterday, it doesn't look like a very smart way of gambling. He started at a base bet of 0.08 BTC and using payout 5.00x, and on every loss he kept doing regular martingale.

But since his wins have less than a 20% chance of every roll, then its not uncommon for him to run into a losing streak of 50 losses in a row. If he got 50 losses in a row, he would need the 50th bet to have a value of 88 Million BTC for him to be able to stay in the game, which is far higher than the max bet amount.

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FIhWvo7V.png&t=572&c=DkPRwBDDrXtcoA

Sometimes I think that people who perform martingale do not bother to do the maths before starting. I'll try to do my best to explain how big your losses might be with the martingale strategy.

Even if your base bet is just 1 Satoshi your 50th bet would be over 11 Million BTC. If the base bet is 0.08 BTC then after 49 losses in a raw you'll need over 45 Trilllion BTC to make the next bet.

So be careful with that martingale thing, guys. )

I second the motion. If I have to repeat it I will. BE CAREFUL. Martingale is very dangerous. You've been warned.
Having just 20 losses in a row was like a hard kick in the butt for me.

[lite]

Ahahah! It's like staying on a mine field and saying "why haven't I exploded yet?"
Well because you're lucky ^^

I mean it's all about the password you're using. And how you can get hacked. That's not what I would call "security"...

You will never ever have any problems on pd with security if you use STRONG password and 2fA.

And nothing else.

If you go around trying thirdparty bots and trying bots with strategy to beat primedice and all others then you are just asking for it and waiting when it will happen.

The most recent case of somebody losing theirs balance was from the guy who was "just trying out new bot that has great strategy to beat primedice but i had to deposit 0.5 btc and that deposit got stolen"...

I mean... If you believe in that there is not much we can do with security.


All that said I agree that we should add an option to be asked for 2fA on withdrawal.
And i will try to persuade developers and Admins to add that.
It would help in those cases when you would be like WTF i do not want to withdraw. But then we will need to have to ask for 2fA on tips also and that will become huge pain in the...

But still we should have an option.


edit: somebody is also selling fake primedice account scraper which is pure bs it is made just to steal balances from people that are actually trying it.
I wont post links for obvious reasons but STAY AWAY FROM THOSE FAKE HACKS AND BOTS.

If you fall for that stuff there is nothing we can do about it.

Sorry but I can't agree with you as I used a freaking strong password and never got any bot of any kind and still saw around half a bitcoin just leave my balance last time I deposited on PD xD

So I don't know, maybe I got hacked somewhere maybe it's a very uncommon event. Glad to know you don't have too much of those issues! But I can't say it's safe without 2fA on withdrawals for me ^^
And yeah it's a bit strange to not see it on PD because that's an old trusted site with huge development undergoing so something as obvious as 2fA security is expected from the users (or at least from me!)

Though I agree that anyone falling for a bot claiming to beat the site if you deposit 0.5 btc just deserves to see his money disappear...

Unfortunately there is no way for us to know where player went wrong and got his account compromised.

I talked to devs and we should have that option pretty soon. Even thou its not much requested feature i do agree with you that it would help in some cases and that it should be an option for a player.

Pesonally if this option is added I will leave your site and look for another one with easy withdrawals system.

One of the PrimeDice best features since the beginning was the possiblity of the fast withdrawals.
For years it wasn't changed.

So you'd rather have less security? For your kinds it could perhaps be optional but I don't know how it's such a big effort to type in the 2FA.

I prefer to withdraw fast my money. Never had problems with PD. Such options look suspicious, what happens If I don't rememeber  2FA or I lost it? There wil be delay or even the loss of my money without ID provided? No, thanks.  One should care about securtiy of his PC, that's all.

If you use authy (2fa app) all your 2fa tokens will be saved on their server, you can then restore at anytime you want. authy is really good 2fa app, i've been using it for like 2 years. better safe than sorry.

[kolloh]

Sometimes I think that people who perform martingale do not bother to do the maths before starting. I'll try to do my best to explain how big your losses might be with the martingale strategy.

Even if your base bet is just 1 Satoshi your 50th bet would be over 11 Million BTC. If the base bet is 0.08 BTC then after 49 losses in a raw you'll need over 45 Trilllion BTC to make the next bet.

So be careful with that martingale thing, guys. )

Sometimes you can martingale for a small string of bets and hope to get lucky which I am guessing is what this particular user did. Of course he wouldn't have the balance to keep martingaling at that rate, but in this case he got lucky and hit it

[panjul07]

Looking at this photo which was posted yesterday, it doesn't look like a very smart way of gambling. He started at a base bet of 0.08 BTC and using payout 5.00x, and on every loss he kept doing regular martingale.

But since his wins have less than a 20% chance of every roll, then its not uncommon for him to run into a losing streak of 50 losses in a row. If he got 50 losses in a row, he would need the 50th bet to have a value of 88 Million BTC for him to be able to stay in the game, which is far higher than the max bet amount.

Sometimes I think that people who perform martingale do not bother to do the maths before starting. I'll try to do my best to explain how big your losses might be with the martingale strategy.

Even if your base bet is just 1 Satoshi your 50th bet would be over 11 Million BTC. If the base bet is 0.08 BTC then after 49 losses in a raw you'll need over 45 Trilllion BTC to make the next bet.

So be careful with that martingale thing, guys. )

I do believe big gambler like him knows the worst scenario of martingale, and I believe he has set his bankroll wisely before starting martingale. Means that he is spending money that he can afford to lose.
Luckily he hit big after some rolls, but I'm not really sure what he did after that hit. Whether he stop and withdraw or started it again for more profit.

[adaseb]

Looking at this photo which was posted yesterday, it doesn't look like a very smart way of gambling. He started at a base bet of 0.08 BTC and using payout 5.00x, and on every loss he kept doing regular martingale.

But since his wins have less than a 20% chance of every roll, then its not uncommon for him to run into a losing streak of 50 losses in a row. If he got 50 losses in a row, he would need the 50th bet to have a value of 88 Million BTC for him to be able to stay in the game, which is far higher than the max bet amount.

Sometimes I think that people who perform martingale do not bother to do the maths before starting. I'll try to do my best to explain how big your losses might be with the martingale strategy.

Even if your base bet is just 1 Satoshi your 50th bet would be over 11 Million BTC. If the base bet is 0.08 BTC then after 49 losses in a raw you'll need over 45 Trilllion BTC to make the next bet.

So be careful with that martingale thing, guys. )

I do believe big gambler like him knows the worst scenario of martingale, and I believe he has set his bankroll wisely before starting martingale. Means that he is spending money that he can afford to lose.
Luckily he hit big after some rolls, but I'm not really sure what he did after that hit. Whether he stop and withdraw or started it again for more profit.

None of us know this guy personally or not. Who knows maybe he did have some strategy with his martingale or not. Or he could of been some 2009-2010 early Bitcoin adopter and has 1000 BTC to burn or waste.

Just because he is betting large amounts doesn't mean he is some professional gambler who knows what they are doing. There are alot of rich people that gamble and they do nothing but lose money.

[BTCevo]

Looking at this photo which was posted yesterday, it doesn't look like a very smart way of gambling. He started at a base bet of 0.08 BTC and using payout 5.00x, and on every loss he kept doing regular martingale.

But since his wins have less than a 20% chance of every roll, then its not uncommon for him to run into a losing streak of 50 losses in a row. If he got 50 losses in a row, he would need the 50th bet to have a value of 88 Million BTC for him to be able to stay in the game, which is far higher than the max bet amount.

Sometimes I think that people who perform martingale do not bother to do the maths before starting. I'll try to do my best to explain how big your losses might be with the martingale strategy.

Even if your base bet is just 1 Satoshi your 50th bet would be over 11 Million BTC. If the base bet is 0.08 BTC then after 49 losses in a raw you'll need over 45 Trilllion BTC to make the next bet.

So be careful with that martingale thing, guys. )

There are no people that are stupid enough to do this kind of martingale though. May be for couple of btc they may be take that challenge but to play it for longer run? I dont think that they are going for it. Because there is max pyout on each gambling site so there is no point to bet that high amount if the site can't pay you up

[kongosplit]

Looking at this photo which was posted yesterday, it doesn't look like a very smart way of gambling. He started at a base bet of 0.08 BTC and using payout 5.00x, and on every loss he kept doing regular martingale.

But since his wins have less than a 20% chance of every roll, then its not uncommon for him to run into a losing streak of 50 losses in a row. If he got 50 losses in a row, he would need the 50th bet to have a value of 88 Million BTC for him to be able to stay in the game, which is far higher than the max bet amount.

Sometimes I think that people who perform martingale do not bother to do the maths before starting. I'll try to do my best to explain how big your losses might be with the martingale strategy.

Even if your base bet is just 1 Satoshi your 50th bet would be over 11 Million BTC. If the base bet is 0.08 BTC then after 49 losses in a raw you'll need over 45 Trilllion BTC to make the next bet.

So be careful with that martingale thing, guys. )

There are no people that are stupid enough to do this kind of martingale though. May be for couple of btc they may be take that challenge but to play it for longer run? I dont think that they are going for it. Because there is max pyout on each gambling site so there is no point to bet that high amount if the site can't pay you up

Martinagle is good if you have 50btc in your balance and your base bet is 2000 satoshi. It is almost impossible to lose.

[Eremitos]

So, here is a story:

Ed came to chat and tipped few players 0.05 each and asked them to tip it out. Everyone - iKerzyy, Milan944, helpmywallet and Isildur - did it, but gwapo112 took the money and refused to tip. Everyone told him to do it, but he acted as he usually act and that means insulted everyone. He basically scammed whole PD community and for what? For petty 0.05. Unbelieveable.

TBH I've never ever seen such shameless pussy without even a miligram of dignity. I truly hope gwapo will be redlisted forever, ignored by all, never ever get tip from anyone and - last but not least - I truly hope he will bust every single time he plays.

I'm posting it cause I think it is important for everyone to know what kind of person he is. And maybe Micro and Ed will come to some conclusions about it either.

[maku]

Martinagle is good if you have 50btc in your balance and your base bet is 2000 satoshi. It is almost impossible to lose.

You are completely wrong about martingale here. Even 50 BTC bankroll won't guarantee that you will win.
If you use it long enough you will encounter a losing streak making a huge loss effectively destroying all your progress and previous wins.
Statistics tell us that there is around 0.1% chance of losing a 50/50 bet more than nine times in a row, quite low, right?
But I know that most of martingale players starts very low - in your case 2000 satoshi and 1000 or 2000 or more bets are common.
With this amount of bets rolled you will be busted sooner or later, if you haven't already, it only means you didn't use martingale long enough.

[numanoid]

~snip~
Martinagle is good if you have 50btc in your balance and your base bet is 2000 satoshi. It is almost impossible to lose.

Let me correct your words, Martingale is good if you aren't use it. What the hell you are so sure if you won't lose (almost impossible) when you use base bet 2k satoshis? If your bankroll is 50 btc, you just can handled 21 streak loses, it will cost you 41.94302000 BTC (you just only have 8 btc left). Get 21 streak loses isn't "almost impossible" to lose

So, here is a story:
~snip~

Any valid proofs you have? Does it mean Ed trust gwapo112 since he was gave 0.05 directly to him?

He basically scammed whole PD community and for what?

if gwapo was asked to tip everyone with that 0.05 btc but he refused it, Yes, he's a scammer.

For petty 0.05. Unbelieveable.

Go to scam accusation and lending sections, you'll found there are so many people scammed/defaulted a loan below than 0.05 btc.

[BTCevo]

Looking at this photo which was posted yesterday, it doesn't look like a very smart way of gambling. He started at a base bet of 0.08 BTC and using payout 5.00x, and on every loss he kept doing regular martingale.

But since his wins have less than a 20% chance of every roll, then its not uncommon for him to run into a losing streak of 50 losses in a row. If he got 50 losses in a row, he would need the 50th bet to have a value of 88 Million BTC for him to be able to stay in the game, which is far higher than the max bet amount.

Sometimes I think that people who perform martingale do not bother to do the maths before starting. I'll try to do my best to explain how big your losses might be with the martingale strategy.

Even if your base bet is just 1 Satoshi your 50th bet would be over 11 Million BTC. If the base bet is 0.08 BTC then after 49 losses in a raw you'll need over 45 Trilllion BTC to make the next bet.

So be careful with that martingale thing, guys. )

There are no people that are stupid enough to do this kind of martingale though. May be for couple of btc they may be take that challenge but to play it for longer run? I dont think that they are going for it. Because there is max pyout on each gambling site so there is no point to bet that high amount if the site can't pay you up

Martinagle is good if you have 50btc in your balance and your base bet is 2000 satoshi. It is almost impossible to lose.

What is the point to have 50 btc but you use only 2k satoshi to play? All martingale is the same though, whether you use any of martingale strategy to play if you have no luck at all, you will sure busted. I just wondering who have this huge amount of btc that play for 2000 sat? Let me know if someone have use this kind of strat and win like a lot of money on any dice games

[Betwrong]

Looking at this photo which was posted yesterday, it doesn't look like a very smart way of gambling. He started at a base bet of 0.08 BTC and using payout 5.00x, and on every loss he kept doing regular martingale.

But since his wins have less than a 20% chance of every roll, then its not uncommon for him to run into a losing streak of 50 losses in a row. If he got 50 losses in a row, he would need the 50th bet to have a value of 88 Million BTC for him to be able to stay in the game, which is far higher than the max bet amount.

~

Sometimes I think that people who perform martingale do not bother to do the maths before starting. I'll try to do my best to explain how big your losses might be with the martingale strategy.

Even if your base bet is just 1 Satoshi your 50th bet would be over 11 Million BTC. If the base bet is 0.08 BTC then after 49 losses in a raw you'll need over 45 Trilllion BTC to make the next bet.

So be careful with that martingale thing, guys. )

There are no people that are stupid enough to do this kind of martingale though. May be for couple of btc they may be take that challenge but to play it for longer run? I dont think that they are going for it. Because there is max pyout on each gambling site so there is no point to bet that high amount if the site can't pay you up

Martinagle is good if you have 50btc in your balance and your base bet is 2000 satoshi. It is almost impossible to lose.

No, it's not impossible, that's what I was talking about, it's pretty possible and I will show you once again.

With the base bet 2,000 sats or 0.00002 BTC you just need to have 22 reds in a row to lose 50 BTC. Even if you are betting with 50% winning chance 22 reds in a row can happen, but with 20% winning chance it will happen more than likely pretty soon. Multiply 0.00002 BTC by 2 22 times and see for yourself.

[veleten]

So, here is a story:

Ed came to chat and tipped few players 0.05 each and asked them to tip it out. Everyone - iKerzyy, Milan944, helpmywallet and Isildur - did it, but gwapo112 took the money and refused to tip. Everyone told him to do it, but he acted as he usually act and that means insulted everyone. He basically scammed whole PD community and for what? For petty 0.05. Unbelieveable.

TBH I've never ever seen such shameless pussy without even a miligram of dignity. I truly hope gwapo will be redlisted forever, ignored by all, never ever get tip from anyone and - last but not least - I truly hope he will bust every single time he plays.

I'm posting it cause I think it is important for everyone to know what kind of person he is. And maybe Micro and Ed will come to some conclusions about it either.

I wasn't on at the time but it sounds like a thing gwapo would do
one of the most shameless beggars on PD,begging from multiple accounts
he doesn't care if he gets muted or ignored,he has plenty of different accounts to beg/leech faucet from

[Eremitos]

~snip~
Martinagle is good if you have 50btc in your balance and your base bet is 2000 satoshi. It is almost impossible to lose.

Let me correct your words, Martingale is good if you aren't use it. What the hell you are so sure if you won't lose (almost impossible) when you use base bet 2k satoshis? If your bankroll is 50 btc, you just can handled 21 streak loses, it will cost you 41.94302000 BTC (you just only have 8 btc left). Get 21 streak loses isn't "almost impossible" to lose

So, here is a story:
~snip~

Any valid proofs you have? Does it mean Ed trust gwapo112 since he was gave 0.05 directly to him?

He basically scammed whole PD community and for what?

if gwapo was asked to tip everyone with that 0.05 btc but he refused it, Yes, he's a scammer.

For petty 0.05. Unbelieveable.

Go to scam accusation and lending sections, you'll found there are so many people scammed/defaulted a loan below than 0.05 btc.

How about 20 witnesses on chat who saw that Edward tipped scammer gwapo and asked him to tip it out like the rest? How about scammer gwapo himself admitting he did get the tip but won't tip it, cause 'Edward scammed him before' (and he meant his total profit stats)? Is that enough for 'valid proof'?

Also, there is no point in making new thread that will be read by 10 ppl. Point is to make as much ppl aware of scammer gwapo as possible, so I posted it here.

Any further questions?

[Dank Frank]

~snip~
Martinagle is good if you have 50btc in your balance and your base bet is 2000 satoshi. It is almost impossible to lose.

Let me correct your words, Martingale is good if you aren't use it. What the hell you are so sure if you won't lose (almost impossible) when you use base bet 2k satoshis? If your bankroll is 50 btc, you just can handled 21 streak loses, it will cost you 41.94302000 BTC (you just only have 8 btc left). Get 21 streak loses isn't "almost impossible" to lose

So, here is a story:
~snip~

Any valid proofs you have? Does it mean Ed trust gwapo112 since he was gave 0.05 directly to him?

He basically scammed whole PD community and for what?

if gwapo was asked to tip everyone with that 0.05 btc but he refused it, Yes, he's a scammer.

For petty 0.05. Unbelieveable.

Go to scam accusation and lending sections, you'll found there are so many people scammed/defaulted a loan below than 0.05 btc.

How about 20 witnesses on chat who saw that Edward tipped scammer gwapo and asked him to tip it out like the rest? How about scammer gwapo himself admitting he did get the tip but won't tip it, cause 'Edward scammed him before' (and he meant his total profit stats)? Is that enough for 'valid proof'?

Also, there is no point in making new thread that will be read by 10 ppl. Point is to make as much ppl aware of scammer gwapo as possible, so I posted it here.

Any further questions?

I can confirm your story, I just wonder why Ed thought he could trust gwapo to share the tips he shouldn't trust players to do so but just his own mods who always share it fairly with everyone. Tipping random players to tip the rest and rely on them to do what is right is kind of wrong.

[kongosplit]

Looking at this photo which was posted yesterday, it doesn't look like a very smart way of gambling. He started at a base bet of 0.08 BTC and using payout 5.00x, and on every loss he kept doing regular martingale.

But since his wins have less than a 20% chance of every roll, then its not uncommon for him to run into a losing streak of 50 losses in a row. If he got 50 losses in a row, he would need the 50th bet to have a value of 88 Million BTC for him to be able to stay in the game, which is far higher than the max bet amount.

~

Sometimes I think that people who perform martingale do not bother to do the maths before starting. I'll try to do my best to explain how big your losses might be with the martingale strategy.

Even if your base bet is just 1 Satoshi your 50th bet would be over 11 Million BTC. If the base bet is 0.08 BTC then after 49 losses in a raw you'll need over 45 Trilllion BTC to make the next bet.

So be careful with that martingale thing, guys. )

There are no people that are stupid enough to do this kind of martingale though. May be for couple of btc they may be take that challenge but to play it for longer run? I dont think that they are going for it. Because there is max pyout on each gambling site so there is no point to bet that high amount if the site can't pay you up

Martinagle is good if you have 50btc in your balance and your base bet is 2000 satoshi. It is almost impossible to lose.

No, it's not impossible, that's what I was talking about, it's pretty possible and I will show you once again.

With the base bet 2,000 sats or 0.00002 BTC you just need to have 22 reds in a row to lose 50 BTC. Even if you are betting with 50% winning chance 22 reds in a row can happen, but with 20% winning chance it will happen more than likely pretty soon. Multiply 0.00002 BTC by 2 22 times and see for yourself.

I'm pretty sure about 17x reds, 18xreds but 22x is to much for 2x.

[panjul07]

I'm pretty sure about 17x reds, 18xreds but 22x is to much for 2x.

Sounds too much but in fact 22x is still possible on x2, afaik there was a player get more than 30x on x2. My worst was 25x long time ago, so dont ever think that it is impossible. Every single roll is independent, when you are so unlucky then you will get something that you think is impossible.

[mOgliE]

Looking at this photo which was posted yesterday, it doesn't look like a very smart way of gambling. He started at a base bet of 0.08 BTC and using payout 5.00x, and on every loss he kept doing regular martingale.

But since his wins have less than a 20% chance of every roll, then its not uncommon for him to run into a losing streak of 50 losses in a row. If he got 50 losses in a row, he would need the 50th bet to have a value of 88 Million BTC for him to be able to stay in the game, which is far higher than the max bet amount.

~

Sometimes I think that people who perform martingale do not bother to do the maths before starting. I'll try to do my best to explain how big your losses might be with the martingale strategy.

Even if your base bet is just 1 Satoshi your 50th bet would be over 11 Million BTC. If the base bet is 0.08 BTC then after 49 losses in a raw you'll need over 45 Trilllion BTC to make the next bet.

So be careful with that martingale thing, guys. )

There are no people that are stupid enough to do this kind of martingale though. May be for couple of btc they may be take that challenge but to play it for longer run? I dont think that they are going for it. Because there is max pyout on each gambling site so there is no point to bet that high amount if the site can't pay you up

Martinagle is good if you have 50btc in your balance and your base bet is 2000 satoshi. It is almost impossible to lose.

No, it's not impossible, that's what I was talking about, it's pretty possible and I will show you once again.

With the base bet 2,000 sats or 0.00002 BTC you just need to have 22 reds in a row to lose 50 BTC. Even if you are betting with 50% winning chance 22 reds in a row can happen, but with 20% winning chance it will happen more than likely pretty soon. Multiply 0.00002 BTC by 2 22 times and see for yourself.

I'm pretty sure about 17x reds, 18xreds but 22x is to much for 2x.

ahah, well if it was right no casino would exist because everyone would just save around 50 BTC or even more and then just gamble like that.

There is NO limit to the amount of identical results you can get in a row. You could have 100 reds in a row.
It won't happen often of course. But you only need to see it happening once to lose everything.

[adaseb]

I'm pretty sure about 17x reds, 18xreds but 22x is to much for 2x.

Sounds too much but in fact 22x is still possible on x2, afaik there was a player get more than 30x on x2. My worst was 25x long time ago, so dont ever think that it is impossible. Every single roll is independent, when you are so unlucky then you will get something that you think is impossible.

Trust me 22x is very possible on x2 and its one of the largest losses I got about a year ago when I did martingale. I even had a small base bet like 500 or 1000 Sats or so and I didn't think going over 15x was possible but one day disaster stuck and had lost every BTC i had.