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Author Topic: Primedice.com | Since 2013 | Longest Running Crypto Casino | 113 BTC Jackpot!  (Read 1984027 times)
kolloh
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December 27, 2016, 11:15:07 PM
 #25561

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.

Normally, they provide 2FA backup codes that you write down in case you ever lose your 2FA device. You can't really forget it, since it is generated on your phone usually. If you ever lose that device, you should be able to use the backup codes to regenerate your 2FA. Its just an extra layer of security as only you should have access to your phone that can generate the 2FA code. It doesn't compromise the speed of the withdraw or the privacy if done right.
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December 27, 2016, 11:35:00 PM
 #25562

How the luck he is fuck  he is name is (HuckAndFuck) Shocked
Nice run 5x go play pd he up 50BTC
Goodluck huckandfuck  Wink


Yikes! He is basically some huge whale with probably about 500-1000 BTC in his possession. To be able to martingale like that using 5x AND with such huge amounts takes loads of balls.

I wouldn't be surprised seeing him go bust one day however betting like that. Or who knows? Maybe he will clean out PD totally.

lol depend when he stop . he playing like cool i wish hop he end of good
  don't hate u  Wink

He lost it all and at other account he got -50 BTC profit. He said he lost 107 BTC last night. I just wondering why he didnt stop while he got 50 BTC profit and withdraw all his profit? or maybe he's too greedy?

yes he is chatting now,sounds pretty suicidal Sad
he was up 50 btc yesterday,had a decent 5x run
then he switched to 100x and lost it all,over 107 BTC total
some members tipped him,particularly Negan4 tipped him 0.1 btc to try and recover some of his loss...
but if I were him I would just take a break and don't chase loss,or this could end up really bad


That guy lost it all because of the type of stragety he was using was making no sense. He should of been betting max 10% of his initial bets with that strategy but he was martingaling his losses on a 5x probability wins.

When you bet 2x there are people who end up getting cleaned out because they get 20 losses in a row. This guy was betting with an initial base of like 0.5BTC and using 5x and kept martingaling his losses. It would not be uncommon for him to get 100 losses in a row with those odds.

Don't feel bad for the guy, I am sure he is a millionaire or some early adopter.

He actually plays with a strategy that is known only to him. Look at the amount he wagered plus he is a hunter who lived the primedice Slogan. GO BIG!

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.


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December 27, 2016, 11:44:12 PM
 #25563


Quote

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.



Which is also never gonna happen. It is beyond quantity of all the bitcoin in the world. Even Satoshi nakamoto couldn't afford that.
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December 28, 2016, 12:13:54 AM
 #25564

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.



Hey,

If we add this it will be an option.

It will also be turned off by default. But players that want more security can turn it on.

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December 28, 2016, 06:58:20 AM
 #25565


Personally 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.


I also appreciate the fast withdrawal. I never feel safe with my money is in someone else hands.

But I guess it will never become an obligation but an option you can choose to activate (or not activate..). It's at your own risk after all (I also have a VERY strong password and never had any kind of problem on PD)
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December 28, 2016, 07:15:13 AM
 #25566


Personally 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.


I also appreciate the fast withdrawal. I never feel safe with my money is in someone else hands.

But I guess it will never become an obligation but an option you can choose to activate (or not activate..). It's at your own risk after all (I also have a VERY strong password and never had any kind of problem on PD)

The problem with Primedice is that its a very popular site so there can be alot of generic type of viruses which might target it. For example there was a "script bot" released a few months ago, and when people downloaded and ran the script, it automatically used the Primedice API and made the withdraw to the "script" creators account.

Hence the reason why the increased security is very important. Its a very popular and rich site and its attracting alot of bad hackers.

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December 28, 2016, 08:50:35 AM
 #25567

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.



You can't "not remember 2FA" as you have nothing to memorize. You can lose it that's right, but then there is a process to get rid of 2FA authentication, it just takes some times.

And I understand you think that way but you might change your mind once you've lost a bunch of money without any apparent reason xD

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December 28, 2016, 09:51:44 AM
 #25568


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. )

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December 28, 2016, 09:57:49 AM
 #25569


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.
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December 28, 2016, 04:23:37 PM
 #25570

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.
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December 28, 2016, 04:46:39 PM
 #25571

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
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December 28, 2016, 06:55:35 PM
 #25572


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.

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adaseb
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December 28, 2016, 11:51:18 PM
 #25573


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.

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December 29, 2016, 12:14:02 AM
 #25574


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
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December 29, 2016, 12:22:24 AM
 #25575


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.
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December 29, 2016, 01:29:15 AM
 #25576

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.
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December 29, 2016, 01:56:59 AM
 #25577

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.
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December 29, 2016, 02:27:48 AM
 #25578

~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?
Quote
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.
Quote
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.
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December 29, 2016, 08:00:08 AM
 #25579


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
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December 29, 2016, 10:10:28 AM
 #25580


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.

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