Supercrypt
Legendary
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Activity: 1554
Merit: 1054
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February 06, 2019, 04:54:13 PM |
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Short burst always have a single off chance. I once bet 0.2 bitcoin on a 50% bet and got 0.4 return at the time that was a lot of money, however if you look at my long term losses I am pretty sure its more than what I earned so far. It may go your way and you can win big once or it may go wrong and you may lose all at once but betting huge once has a higher chance than betting small by small for a long period of time because given time house edge always makes sure you lose.
People who do not understand what house edge is and wonder why they always lose while gambling should not be gambling, its a risk they take and if they do not understand or fully comprehend the risks involved and why casinos always win than they kind of deserve to lose their money, I know its a horrible thing to say but I just feel that way.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Radiante
Member
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Activity: 280
Merit: 15
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February 06, 2019, 08:43:17 PM |
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Emotions and greed has been the reason why most of the gamblers lose their investments but I think it is purely good for the gambling and betting companies as this is what kept them in business
Betting is fun itself, and sites like Stake are fun even without betting (you have a live chat with gifts and trivias, forum, discord, etc). The problem comes when you forget the fun part and start to try to "win thousands", and in the way you lose some, and start thinking the game is unfair, and that you have to beat the casino as it if were an enemy, and then you go to the live support and insult them... A downhill wheel of no return... (no joke here, it happened )
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PuertoLibre
Legendary
Offline
Activity: 1834
Merit: 1003
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February 06, 2019, 09:05:53 PM |
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The reason why most people lose is because they most likely use martingale and they become emotional and greedy and get their account emptied. Basically they make a small base bet say $1 or so. They double their bet on every loss and basically think they have some secret strategy and think that "15 reds is impossible" then shortly after when they are in profit maybe $100 or $200 or so they end up getting into a huge 7-8 red lossing streak and they keep doubling their bets thinking the next bet will bring them to break-even but instead it becomes another loss and their account is empty. Then they deposit the rest of their bitcoins into the site and end up losing all their BTC because they get cleaned out within the next bet or 2.
This is a real issue with new users, they think they figured out how the system works and they might win some good money and then they use the martingale method of betting and they assume that they will not get consecutive losses, to be frank i fell for this four years back when i came to prime dice and lost a lot of money as there were not much places to gamble i was having fun and i won some amount and then i thought there wont be 15 consecutive losses after rolling a lot and i was confident enough and then i had 21 consecutive reds which emptied my balance. It was a really long time ago and it is fun thinking about it now but it was not that fun loosing a big chunk, but i recovered all my losses a couple of years later and took a complete break. Martingale strategy is useless unless gambler has limitless bankroll or valid bias on game. I also spent days on forums for finding perfect strategy with developing it and found different shapes of martingale like reverse,super,aggressive martingales which all based on adding more to previous bet amount. The ending is always the same
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ralle14
Legendary
Offline
Activity: 3136
Merit: 1871
dice9.win
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February 06, 2019, 09:56:47 PM |
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Martingale strategy is useless unless gambler has limitless bankroll or valid bias on game. I also spent days on forums for finding perfect strategy with developing it and found different shapes of martingale like reverse,super,aggressive martingales which all based on adding more to previous bet amount. The ending is always the same It's not entirely useless I mean any strategy could work but when you push your luck way too hard losing bets will always come to take back what you've won. It's all about the greed inside of us we tend to get carried away with our winnings. A lot of us crave for more profits because we thought it was easy to win last time but then once we continue the outcome always goes the other way around.
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rdbase
Legendary
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Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
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February 06, 2019, 10:00:09 PM |
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Martingale strategy is useless unless gambler has limitless bankroll or valid bias on game. I also spent days on forums for finding perfect strategy with developing it and found different shapes of martingale like reverse,super,aggressive martingales which all based on adding more to previous bet amount. The ending is always the same It's not entirely useless I mean any strategy could work but when you push your luck way too hard losing bets will always come to take back what you've won. It's all about the greed inside of us we tend to get carried away with our winnings. A lot of us crave for more profits because we thought it was easy to win last time but then once we continue the outcome mostly goes the other way around. This is what ruins people who think their winning streak will last forever and do get carried away in the moment of triumph. Although having a limitless bankroll betting must be a pass time for them and not having winning to high as most who dont.
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Botnake
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February 07, 2019, 02:33:24 AM |
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This is what ruins people who think their winning streak will last forever and do get carried away in the moment of triumph. Although having a limitless bankroll betting must be a pass time for them and not having winning to high as most who dont.
It's a wrong thinking in gambling and it's being unrealistic, it will surely lead to bankruptcy if they always think like that. However for people who just gamble for fun, it's a a good idea as it's fun to martingale using the auto roll.
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Symphonized
Member
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Activity: 2212
Merit: 57
Primedice.com & Stake.com
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February 07, 2019, 04:27:20 PM |
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A satisfying multiplier with an even more satisfying payout! Primedice is known for being the longest standing Bitcoin casino of its kind. How many years have you known about Primedice? Retweet and answer with your Primedice username for a chance to win some Bitcoin!
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Caladonian
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February 08, 2019, 04:24:48 AM |
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This is what ruins people who think their winning streak will last forever and do get carried away in the moment of triumph. Although having a limitless bankroll betting must be a pass time for them and not having winning to high as most who dont.
It's a wrong thinking in gambling and it's being unrealistic, it will surely lead to bankruptcy if they always think like that. However for people who just gamble for fun, it's a a good idea as it's fun to martingale using the auto roll. In some cases Maybe there's some gamblers who can afford doing that and ready to lose a big amount of money just to have fun, but most of the time, gamblers wanted to keep trying different settings in trying to gain a big winnings, and again house is ready for them, one big mistake will turned everything out, bankruptcy is more possible than to hit the certain target. Players who have big bankroll and knows how to control mostly can afford to balance their winnings and losing streak, they are smart gamblers who also able to hit the big wins.
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Supercrypt
Legendary
Offline
Activity: 1554
Merit: 1054
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February 08, 2019, 06:25:48 PM |
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No matter what type of different setting or a strategy or a system they work with, house edge is covering all of that. There is no strategy that negates the house edge hence there is never a chance for a gambler to win in the long term. That is why the most beautiful scenario for a gambler and a casino is that casino provides a lot of fun and entertainment for the gambler while gambler has enough money to go and gamble while having fun and see that as a time well spent. That is why most of the casinos in Las Vegas do stand up shows and boxing fights and stuff like that so that you would go there and have fun while losing your money.
If someone comes in thinking they can actually profit from gambling that is bad for him and also since that person is almost always under informed about how casinos work they make a big headache for the casinos as well even tough they are wrong.
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Juggy777
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February 09, 2019, 03:23:54 AM |
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No matter what type of different setting or a strategy or a system they work with, house edge is covering all of that. There is no strategy that negates the house edge hence there is never a chance for a gambler to win in the long term. That is why the most beautiful scenario for a gambler and a casino is that casino provides a lot of fun and entertainment for the gambler while gambler has enough money to go and gamble while having fun and see that as a time well spent. That is why most of the casinos in Las Vegas do stand up shows and boxing fights and stuff like that so that you would go there and have fun while losing your money.
If someone comes in thinking they can actually profit from gambling that is bad for him and also since that person is almost always under informed about how casinos work they make a big headache for the casinos as well even tough they are wrong.
I feel you have a valid point as the house edge always works in favour of the casino, also you’re right as there’s no strategy that works for the long term it’s only your luck that helps you survive. Once in a while however a gambler comes along, and wins big so that does hurts the casino if he cashes out. The casinos in Las Vegas need those shows to keep people locked in, only then will they be making real money, and I feel it’s a fair strategy from casinos point of view.
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Caladonian
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February 09, 2019, 06:43:57 AM |
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No matter what type of different setting or a strategy or a system they work with, house edge is covering all of that. There is no strategy that negates the house edge hence there is never a chance for a gambler to win in the long term. That is why the most beautiful scenario for a gambler and a casino is that casino provides a lot of fun and entertainment for the gambler while gambler has enough money to go and gamble while having fun and see that as a time well spent. That is why most of the casinos in Las Vegas do stand up shows and boxing fights and stuff like that so that you would go there and have fun while losing your money.
If someone comes in thinking they can actually profit from gambling that is bad for him and also since that person is almost always under informed about how casinos work they make a big headache for the casinos as well even tough they are wrong.
I feel you have a valid point as the house edge always works in favour of the casino, also you’re right as there’s no strategy that works for the long term it’s only your luck that helps you survive. Once in a while however a gambler comes along, and wins big so that does hurts the casino if he cashes out. The casinos in Las Vegas need those shows to keep people locked in, only then will they be making real money, and I feel it’s a fair strategy from casinos point of view. That's how business works, they need to attract people and make them feel that they can beat the house in some ways or if they are truly lucky, this advertising and promotions are part of their strategy to gather gamblers to play inside and feel the comfort of their casino while enjoying with the scenery, though it's mostly correct that each casino house have their own ways to take advantage they won't let that be felt by the gamblers, they will bring sets of ideas and some cases where some lucky gamblers wins really big ones from the house. Changing the mindsets of gamblers making them enjoy while chasing the big wins, these is where greediness needs to be controlled, gamblers need to be more responsible to avoid getting too much attached.
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UserU
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February 09, 2019, 09:40:27 AM |
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Changing the mindsets of gamblers making them enjoy while chasing the big wins, these is where greediness needs to be controlled, gamblers need to be more responsible to avoid getting too much attached.
It's much easier said than done. The probability of winning the next bet just reels you in and each loss magnifies your stake.
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Betwrong
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Activity: 3234
Merit: 2112
I stand with Ukraine
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February 09, 2019, 11:47:43 AM |
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mOgliE is addressing a serious point that I have noticed in the past, but didn't want to comment on.
These images (which I see on twitter every few days as well) makes it look like it's really common for gamblers t owin huge amounts of money. In the description, it often says stuff like 'this guys showed us how to turn X amount of money into Y amount of money, which is often not true since most gamblers need to make a huge amount of bets before they even hit that big multiplier.
If those ads where meant for little kids I would agree with your concern. But actually they are made for adults, who understand that normally ads tend to exaggerate things. I would compare them to the Coca-Cola ad below: We all know that not every time we open a Coke we become instantly happy, and yet it is permissible to make such ads because we are supposed to understand that this is just an ad, and our happiness is not guaranteed by drinking Coca-Cola.
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fasdorcas
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February 09, 2019, 05:33:26 PM |
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I feel you have a valid point as the house edge always works in favour of the casino, also you’re right as there’s no strategy that works for the long term it’s only your luck that helps you survive. Once in a while however a gambler comes along, and wins big so that does hurts the casino if he cashes out. The casinos in Las Vegas need those shows to keep people locked in, only then will they be making real money, and I feel it’s a fair strategy from casinos point of view.
That's how business works, they need to attract people and make them feel that they can beat the house in some ways or if they are truly lucky, this advertising and promotions are part of their strategy to gather gamblers to play inside and feel the comfort of their casino while enjoying with the scenery, though it's mostly correct that each casino house have their own ways to take advantage they won't let that be felt by the gamblers, they will bring sets of ideas and some cases where some lucky gamblers wins really big ones from the house. Changing the mindsets of gamblers making them enjoy while chasing the big wins, these is where greediness needs to be controlled, gamblers need to be more responsible to avoid getting too much attached. But that "once in a while" is not a strategy. Like there is no strategy that can prepare you for a big win, its just pure luck. You can go to a casino and play on roulette and bet small by small all night gambling on red no matter which way you want and if you play long enough you will lose, doesn't matter the system. Or you can just sit down, put all your money in and go all in on red, which means you can either walk out with double the money you have or with nothing. In the first slow part you still walk out with nothing because on long term casinos win thanks to house edge, at least on the second system you have a chance of walking out with double. Hence, the "strategy" or "system" never works in your favor, if you want to win money then you have to go all in once and leave. That is not entertaining or fun so you stay there knowingly lose your money because of the entertainment value given.a
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freedomgo
Legendary
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Activity: 3052
Merit: 1143
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February 10, 2019, 09:05:07 AM |
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Thanks to everyone who voted in this week's Choose a Charity event! We've tallied up all the votes and the favourite charity this week is @AgainstMalaria! $1,000 donation: http://bit.ly/2SkTubh~snip~ Well done Primedice team. , I'm honestly surprise to know that crypto gambling site gives donation to charitable institution. Thank you for being so generous by sharing a little portion of your profit. I feel like I can easily accept my loses now as somehow I also contributed to your charitable purpose.
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Symphonized
Member
Offline
Activity: 2212
Merit: 57
Primedice.com & Stake.com
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February 10, 2019, 08:00:16 PM |
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Thanks to everyone who voted in this week's Choose a Charity event! We've tallied up all the votes and the favourite charity this week is @AgainstMalaria! $1,000 donation: http://bit.ly/2SkTubh~snip~ Well done Primedice team. , I'm honestly surprise to know that crypto gambling site gives donation to charitable institution. Thank you for being so generous by sharing a little portion of your profit. I feel like I can easily accept my loses now as somehow I also contributed to your charitable purpose. Ye and it has been given since months till now
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upsidedown75
Legendary
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Activity: 1288
Merit: 1036
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February 11, 2019, 07:10:02 PM |
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Honestly, I can't believe how big bitcoin world got. We are living in a world where one of the oldest dice games out there is actually helps the world. Not just in a way that is cheesy and all that but actually donating. I didn't know the previous ones and I am sorry but I am willing to bet this will not be the last one neither. This should be at the top of every page and should be yelled at the highest of the tops because when you gamble here and lose money to primedice the money you lost does of course go to casino but some of it also goes to good causes as well.
For how many gambling places can you say that ? Like how many casinos out there who give out donations, we are in a world where people with no money open up casinos and even fail to do marketing whereas primedice actually spends their own money that they earn to give back to the world. I love you guys so much.
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Radiante
Member
Offline
Activity: 280
Merit: 15
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February 11, 2019, 10:39:58 PM |
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======== Challenge: PD Olympics Cycling Ends: 11/02/19 @ Midday (12pm) GMT
Next discipline is Cycling! 🚲 Grab your bike (20.20x), put on your helmet and continue our Olympics! Outdrive others by winning 2 bets in a row.
All people 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 people who get involved the higher the prize pool! So if you get more people involved, then you win more!
Requirements -Win 2 consecutive bets on 20.20x multiplier. -Bets must be winning ones. -Minimum bet: Bitcoin 0.00000100 Bitcoin Cash 0.00002900 Ethereum 0.00003000 Litecoin 0.00008200 Dogecoin 1.90000000 -1 valid entry per household. -Bets must be public during the whole duration of the promotion, until the coupon is posted -Bets must have been made after the commencement of this promotion. -10+ forum post count. -Haven't broken any General Giveaways Rules! Prize Pool(s): 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, and link your bet ID using the link function in the text editor. (Paste your bet id, then highlight and click on the link bet button, as shown in image below)
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BTCevo
Legendary
Offline
Activity: 1834
Merit: 1008
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February 11, 2019, 11:31:17 PM |
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Thanks to everyone who voted in this week's Choose a Charity event! We've tallied up all the votes and the favourite charity this week is @AgainstMalaria! $1,000 donation: http://bit.ly/2SkTubh~snip~ Well done Primedice team. , I'm honestly surprise to know that crypto gambling site gives donation to charitable institution. Thank you for being so generous by sharing a little portion of your profit. I feel like I can easily accept my loses now as somehow I also contributed to your charitable purpose. I already know some sites offer this kind of charity but mostly there is only scam or only donate a little bit amount but here, primedice can get such a great donation for them which is incredible. I do not even believe my eyes here to make a donation with this amount. I am sure this is one of a great site that I ever played until this day
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Caladonian
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February 12, 2019, 04:46:16 AM |
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Thanks to everyone who voted in this week's Choose a Charity event! We've tallied up all the votes and the favourite charity this week is @AgainstMalaria! $1,000 donation: http://bit.ly/2SkTubh~snip~ Well done Primedice team. , I'm honestly surprise to know that crypto gambling site gives donation to charitable institution. Thank you for being so generous by sharing a little portion of your profit. I feel like I can easily accept my loses now as somehow I also contributed to your charitable purpose. I already know some sites offer this kind of charity but mostly there is only scam or only donate a little bit amount but here, primedice can get such a great donation for them which is incredible. I do not even believe my eyes here to make a donation with this amount. I am sure this is one of a great site that I ever played until this day Also heard the same things regarding those scam charity works, but knowing primedice as a well established business , giving back to charity is their way of saying thank you to the players and visitors who are still using the site for playing and enjoying. The charity works will add reason for gamblers to play as they knew that part of the site earnings will be donated to the charity. More to come PrimeDice, good deeds will also be followed by great earnings.
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