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[adaseb]

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main  cause of so many tears and scam accusations 

Sounds like they have no bankroll management to be able to make a huge number of bets and had to stop after they catched a negative variance streak. Because the more bets you make, the closer you will come to the 1% HE.

This is true for maybe a bot but humans are crazy unpredictable.

Even if a player plays for a long time and has a HE of 1%, they will most likely switch their bet values around and basically get more larger losses and less small wins.

Basically a good example is someone who is betting like 1 satoshi on 50/50 and they find that luck is on their side, and so the next bet is like 100x larger which results in a loss. So their balance is much smaller but their win/lose streak is still within the house edge.

[veleten]

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main  cause of so many tears and scam accusations 

Sounds like they have no bankroll management to be able to make a huge number of bets and had to stop after they catched a negative variance streak. Because the more bets you make, the closer you will come to the 1% HE.

This is true for maybe a bot but humans are crazy unpredictable.

Even if a player plays for a long time and has a HE of 1%, they will most likely switch their bet values around and basically get more larger losses and less small wins.

Basically a good example is someone who is betting like 1 satoshi on 50/50 and they find that luck is on their side, and so the next bet is like 100x larger which results in a loss. So their balance is much smaller but their win/lose streak is still within the house edge.

it is amazing how people gamble without knowing the basics sometimes
when you go to a bank and deposit,you tend to read about it,read the contracts,fineprint etc.
but in gambling and politics people think that they will get lucky ,come on we can't have the same crappy politicians 5 times in a row-
the next try is going to be a winner for sure 

if all of the gamblers are educated about bank management,gambling basic strategies and do not chase losses or go full retard
IMHO,the casinos would have had much less profit,but on the other hand,the player's base would be larger
it seems like the same group of people is gambling at every single casino I'm registered

[eldrin]

 
 

Check out these wins by High Roller ForeverNEver!


   

 

[BTCevo]

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main  cause of so many tears and scam accusations 

Sounds like they have no bankroll management to be able to make a huge number of bets and had to stop after they catched a negative variance streak. Because the more bets you make, the closer you will come to the 1% HE.

This is true for maybe a bot but humans are crazy unpredictable.

Even if a player plays for a long time and has a HE of 1%, they will most likely switch their bet values around and basically get more larger losses and less small wins.

Basically a good example is someone who is betting like 1 satoshi on 50/50 and they find that luck is on their side, and so the next bet is like 100x larger which results in a loss. So their balance is much smaller but their win/lose streak is still within the house edge.

Yes, somehow how edge is affect your bet result because you run too long bot in which all gambling games is just the same. That is why most of gambler using martingale strategy variances to outcome the result, sometime with a small bet can with some huge multiplier and it depends your luck as well whether you are going to hit or not. But overall if you played too long you will always end up badly

[adaseb]

 

Check out these wins by High Roller ForeverNEver!


   

 

Yes I see he is listed on the Weekly hall of fame.

However its hard to tell if his method is actually making him money. Judging by these bets he might be on a losing streak. He made his Total Profit Private unfortunately.

His Totatted wagered is over 170 BTC and he has done over 66K bets. However most of his bets are losses. So its hard to tell if he is using the same strategy or if he is changing variables from time to time.

I tried betting like this in the past. Basically put it on 99x and I got like 200 losses and then I bet like 0.01 BTC hoping that the next 100 rolls would be a winner and almost lost an entire BTC at the end but finally got a winner and was back at BE.

So these strategies don't always work, but judging by his bet size, he is probably some large whale.

[Xylber]

Last hours for the challenge: https://forum.primedice.com/topic/32290-crack-the-code-challenge/
The prize pool is currently 0.08BTC

[game-protect]

This user in question was linked by fingerprint to a user who defrauded PD out of a significant sum of money. Given that, their account had a flag on it before they even made a deposit. We asked for ID and the user provided an identity we believed wasn’t theirs. We wanted to have a phone call with them to try and clear this up and after many delays they agreed. It was clear they had found a non-involved girl talk to us who didn’t seem to know anything about primedice or bitcoin. That violated our terms but obviously that isn't why we held the withdrawal, we held it for the reason originally stated.

I'd like to stop this right here and make clear that this is not a matter of money but rather a matter of principle. I'm happy to donate at minimum the funds involved in this claim to a charity of the community's choosing. The trust of this community is not something we take for granted and is why we elected to post here to further explain this unusual situation.

Was this a false promise and you put it in your pocket?

[Xylber]

New giveaway:

Penalty Shootout Challenge!
Ends: 16/07/18 @ Midday (12pm) GMT

As I'm sure most of you are aware, we are amidst the action of the world cup, and in true spirit, we are bringing you all an amazing opportunity to participate in the Primedice penalty shootouts! To score you must skilfully evade the goal keeper by shooting the dice into one of the top corners, which is marked by 99x payout. Penalty shootouts consist of 5 shots, so you are required to successfully score all of those 5. All players who achieve the challenge in the next 7 days, will get a share in the prize pool! There is no limit to the amount of winners, and the more players who get involved the higher the prize pool! So if you get more players involved, then you win more!

Possible winning shots:

Top left corner - Roll Under 1 (99x Payout)
Top right corner - Roll Over 98.99 (99x Payout)


Requirements

• Make 5 winning bets with a 99x multiplier. (Not required consecutively!)
• Minimum bet is 100 satoshi or 1,200 ether or 10,000 litoshi.
• 1 valid entry per person.
• Bets must have been made after the commencement of this promotion.
• 10+ forum post count.

Prize Pools (based on amount of unique players)

• Minimum prize pool: 0.01 BTC
• If over 30 participants: 0.03 BTC
• If over 40 participants: 0.05 BTC
• If over 50 participants: 0.08 BTC

How to Enter

Respond to this topic on our official forum: https://forum.primedice.com/topic/32361-penalty-shootout-challenge/
Feel free to discuss the promotion here, but all entries need to be posted on the topic provided in the above link.

[eldrin]

 
 

The Hero for the Week promotion is once again upon us!
If you are on the weekly leaderboard for most wagered as of the 20th of July at 23:59 CET,
you will receive a generous bonus and additionally earn yourself 15% Rakeback for the following week.
For questions or suggestions, please post here.

 

[eldrin]

 
 

The leaderboard this week is looking incredibly spicy 😝
Well done to those players taking home big profits!!

 

[Radiante]

Last hours: Penalty Shootout Challenge!
https://forum.primedice.com/topic/32361-penalty-shootout-challenge/
Ends: 16/07/18 @ Midday (12pm) GMT

And of course, Congratulations to France for winning the World Cup!

[game-protect]

This user in question was linked by fingerprint to a user who defrauded PD out of a significant sum of money. Given that, their account had a flag on it before they even made a deposit. We asked for ID and the user provided an identity we believed wasn’t theirs. We wanted to have a phone call with them to try and clear this up and after many delays they agreed. It was clear they had found a non-involved girl talk to us who didn’t seem to know anything about primedice or bitcoin. That violated our terms but obviously that isn't why we held the withdrawal, we held it for the reason originally stated.

I'd like to stop this right here and make clear that this is not a matter of money but rather a matter of principle. I'm happy to donate at minimum the funds involved in this claim to a charity of the community's choosing. The trust of this community is not something we take for granted and is why we elected to post here to further explain this unusual situation.

What happened with the confiscated 34 BTC?

Did you put it in your pocket instead of donation?

[Moonmanmun]

This user in question was linked by fingerprint to a user who defrauded PD out of a significant sum of money. Given that, their account had a flag on it before they even made a deposit. We asked for ID and the user provided an identity we believed wasn’t theirs. We wanted to have a phone call with them to try and clear this up and after many delays they agreed. It was clear they had found a non-involved girl talk to us who didn’t seem to know anything about primedice or bitcoin. That violated our terms but obviously that isn't why we held the withdrawal, we held it for the reason originally stated.

I'd like to stop this right here and make clear that this is not a matter of money but rather a matter of principle. I'm happy to donate at minimum the funds involved in this claim to a charity of the community's choosing. The trust of this community is not something we take for granted and is why we elected to post here to further explain this unusual situation.

What happened with the confiscated 34 BTC?

Did you put it in your pocket instead of donation?

get a life lame-protect 

[alexrossi]

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main  cause of so many tears and scam accusations 

I see a lot of players that just don't have an exit strategy, especially in case of multiple win... ("now I can win moar!!"), and so I suppose there is a lot of potential profit completely lost.

Generally speaking, the common mindset that i see is: "my exit strategy is when my balance goes to zero"

[game-protect]

I see a lot of players that just don't have an exit strategy, especially in case of multiple win... ("now I can win moar!!"), and so I suppose there is a lot of potential profit completely lost.

Generally speaking, the common mindset that i see is: "my exit strategy is when my balance goes to zero"

Gamblers want to gamble and not to exit!  

And stopping to play after balance is zero has nothing to do with strategy, because if you have no money you simply can not continue to play.

[alexrossi]

I see a lot of players that just don't have an exit strategy, especially in case of multiple win... ("now I can win moar!!"), and so I suppose there is a lot of potential profit completely lost.

Generally speaking, the common mindset that i see is: "my exit strategy is when my balance goes to zero"

Gamblers want to gamble and not to exit!  

That's not true, if you win a consistent amount I'm sure you at least would withdraw a part of it to spend outside of gambling sites. Imho gamblers want to win and many times do not take in consideration what to do in case of loss, till reaching the "hard limit" (zero balance)

[game-protect]

I see a lot of players that just don't have an exit strategy, especially in case of multiple win... ("now I can win moar!!"), and so I suppose there is a lot of potential profit completely lost.

Generally speaking, the common mindset that i see is: "my exit strategy is when my balance goes to zero"

Gamblers want to gamble and not to exit!  

That's not true, if you win a consistent amount I'm sure you at least would withdraw a part of it to spend outside of gambling sites. Imho gamblers want to win and many times do not take in consideration what to do in case of loss, till reaching the "hard limit" (zero balance)

You are a signature campaign poster and obviously absolutely clueless about gamblers! Maybe a small percentage of players will stop playing after a larger win and spend some of it for other things, but over 90% of the players simply continue to play until their balance reaches zero. That is a fact!

[eldrin]

 
 

Pull your socks up and get out your sweat bands, because this week we are seeking the mightiest of all the table tennis players in the lands! Be the king of ping pong by consecutively hitting 8 winning bets with 2x multiplier by bouncing between high and low or low and high. All players who achieve the challenge in the next 7 days, will get a share in the prize pool! There is no limit to the amount of winners, and the more players who get involved the higher the prize pool! So if you get more players involved, then you win more!

King of Ping Pong Challenge!
Ends: 23/07/18 @ Midday (12pm) GMT

Requirements

• Consecutively hit 8 winning bets with 2x multiplier by bouncing between high and low or low and high.
• Minimum bet is 100 satoshi or 1,200 ether or 10,000 litoshi.
• 1 valid entry per person.
• Bets must have been made after the commencement of this promotion.
• 10+ forum post count.

Prize Pools (based on amount of unique players)

• Minimum prize pool: 0.01 BTC
• If over 30 participants: 0.03 BTC
• If over 40 participants: 0.05 BTC
• If over 50 participants: 0.08 BTC

How to Enter

Respond to this topic on our official forum: https://forum.primedice.com/topic/32434-king-of-ping-pong-challenge/
Feel free to discuss the promotion here, but all entries need to be posted on the topic provided in the above link.

 

[adaseb]

I see a lot of players that just don't have an exit strategy, especially in case of multiple win... ("now I can win moar!!"), and so I suppose there is a lot of potential profit completely lost.

Generally speaking, the common mindset that i see is: "my exit strategy is when my balance goes to zero"

Gamblers want to gamble and not to exit!  

That's not true, if you win a consistent amount I'm sure you at least would withdraw a part of it to spend outside of gambling sites. Imho gamblers want to win and many times do not take in consideration what to do in case of loss, till reaching the "hard limit" (zero balance)

You are a signature campaign poster and obviously absolutely clueless about gamblers! Maybe a small percentage of players will stop playing after a larger win and spend some of it for other things, but over 90% of the players simply continue to play until their balance reaches zero. That is a fact!

I am not sure about your ratios but I do agree with you that "most" people continue to play until their balance reaches 0.

However it is not Primedice's fault that they can't control their emotions.

Its not only dice. Look at what happened earlier on Bitmex with all the people who got "rekt" shorting BTC because they wanted it to go to $0. Is it Bitmex fault that they got forced liquidated ? No. They got liquidated because of their greedy emotions and its no different with dice.

Most people that play and their balance reaches 0 are usually people who fall into the trap of "greed and fear" they win a little, get greedy and lose a little, get fearful, and lose it all.

[xandry]

Guys, for this discussion there is already more suitable thread -> When do you know its time to Stop?