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Author Topic: ⚖️ Crypto Gambling Foundation ⚖️ - Fair Gambling For All  (Read 24288 times)
TwitchySeal
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January 19, 2024, 05:20:36 PM
 #501

Why are you still crying when you know full well  that black jack pays 3:2 and you did your math as if the only possible outcomes are lose, push or win even money?

Not even the rigtards are defending you here, that really says something about your claim....

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January 24, 2024, 09:57:44 PM
 #502

Hello,
Games from SPRIBE especially the famous Aviator game and they claim to be provably fair but they dont actually provide scripts or mechanisms to verify them at all.
Though  previously they have been using same popular provablyfair methods used by most crash games
 But starting January 01st they abruptly removed it and didnt update their provablyfair page nor inform clients nor casinos which led us to suspect scam to rig their games. When we contacted them their ignored or blocked which is very strange and suspicious.
 Could you  have been informed or updated about it or are you aware about it?
Their provably fair page
https://spribe.co/provably-fair doesnt provide any methods or scripts  about it.
Can you confirm whether they're still provably fair or not? (If yes Provide scripts or calculations methods)
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January 25, 2024, 08:31:15 PM
 #503

@ j6o74

1) spribe.co is not listed as a verified operator on the Crypto Gambling Foundation website.

2) The Crypto Gambling Foundation website https://cryptogambling.org/ is dead since years. Same with this thread here.

This "provably fair" was a marketing tool when the Stake casino has started in 2017 to draw unaware customers in.

Since Stake is successful, they do not care about their marketing tool "provably fair" anymore!
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January 25, 2024, 08:39:58 PM
 #504

@ j6o74

1) spribe.co is not listed as a verified operator on the Crypto Gambling Foundation website.

2) The Crypto Gambling Foundation website https://cryptogambling.org/ is dead since years. Same with this thread here.
This "provably fair" was a marketing tool when the Stake casino has started in 2017 to draw unaware customers in.

Since Stake is successful, they do not care about their marketing tool "provably fair" anymore!
Yeah SPRIBE is a third party games provider.
Just checking if theres any casino house representatives here from operators who host SPRIBE's games
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January 26, 2024, 09:32:49 PM
 #505

2 weeks after the 8048/JAZ license holder Antillephone N.V. chimed in on January 12, 2024, the Stake alleged "Legal Department" and the Stake managing director Xecutive Corporate Management B.V. still have not answered!

How on earth can you run a provably rigged in-house Black Jack system and ignore the request by your license issuer?

Is it because Stake is managed by two RuneScape players and a chat moderator?  Cheesy  
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January 28, 2024, 09:39:23 PM
 #506

The 8048/JAZ license holder Antillephone N.V. considers my compensation claim as valid, otherwise they would not have forwarded it to the Stake alleged "Legal Department" and to the Stake managing director Xecutive Corporate Management B.V.

Antillephone N.V. knows that if Medium Rare N.V. or their managing director Xecutive Corporate Management B.V. do not compensate me, Antillephone has to compensate me, as the license issuer is liable for what their licensees do!
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February 01, 2024, 08:55:11 PM
 #507

Why is the Crypto Gambling Foundation important?

It is Stake's marketing tool to mislead victims!


- By verifying and promoting provably fair operators, they ensure that players can enjoy a transparent and secure gambling experience, without worrying about rigged outcomes or fraudulent practices.

Stake's in-house Black Jack system is provably rigged!

Info 1)

If you take a look at my statistics here https://ibb.co/Hxf8NpR you can see the following total numbers:

Bets: 180,904

Wins: 78,285

Losses: 86,612

If we reduce the number of wins from the number of losses, we can see that I lost 8,327 bets (86,612 minus 78,285 = 8,327)

Losing 8,327 bets out of 180,904 bets placed = 4,6% of the bets lost.


Info 2)

The advertised house edge for the Stake in-house Black Jack is 0,5%, which means longterm I will lose 0,5% of all bets placed.

Losing 0,5% out of 180,904 bets placed = 900 bets lose.

If you compare Info 1) with Info 2), you can see that I lost 8,327 bets instead of the 900 bets I should lose = 9 times more!

While there is a deviation from the expected outcome, it can not be 9 times more after 180,904 bets!


Info 3)

When the house edge is 0,5% and you placed 180,900 bets, you will lose 900 bets and the remaining 180,000 bets are coin flips.

The remaining 180,000 bets are coin flips, because they are neutral and you will win 50% = 90,000 bets and lose 50% = 90,000 bets.

4,6% of the bets lost while I should lose only 0,5% means my experienced deviation of the 180,000 coin flips is 4,1%!


Now let's take a look at the standard deviation for 180,000 coin flips:

A) Standard deviation for 180,000 coin flips = 212 coin flips = 0,12% (In 68% of all attempts, the deviation is up to 0,12%)
 
My experienced deviation of 4,1% is 34 times higher than the standard deviation (4,1% : 0,12% = 34)


B) 3 times standard deviation for 180,000 coin flips = 0,36% (In 99,7% of all attempts, the deviation is up to 0.36%)
 
My experienced deviation of 4,1% is 11 times higher than the 3 times standard deviation (4,1% : 0,36% = 11)

 
Info 4)

The Stake bet transaction history only states 180,000 single bet events and no overview of my experienced house edge.

To get my experienced house edge from the bet transaction history, I would need to take a look at all 180,000 bets and calculate it manually!

If the cards were dealt fair and I lost only 0,5% of all bets placed while the statistics states that I lost 4,6%, then the Stake statistics is rigged!

In either case, the Stake in-house Black Jack system is provably rigged and Stake has to compensate at least the 30,000 USD I lost from my pocket.


I hope this helps you understand what the Crypto Gambling Foundation is and how it works. If you want to learn more, you can visit their website or contact them through their contact form.

The contact form is not working!
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February 02, 2024, 12:44:02 PM
 #508

Why is the Crypto Gambling Foundation important?

It is Stake's marketing tool to mislead victims!


- By verifying and promoting provably fair operators, they ensure that players can enjoy a transparent and secure gambling experience, without worrying about rigged outcomes or fraudulent practices.

Stake's in-house Black Jack system is provably rigged!

Info 1)

If you take a look at my statistics here https://ibb.co/Hxf8NpR you can see the following total numbers:

Bets: 180,904

Wins: 78,285

Losses: 86,612

If we reduce the number of wins from the number of losses, we can see that I lost 8,327 bets (86,612 minus 78,285 = 8,327)

Losing 8,327 bets out of 180,904 bets placed = 4,6% of the bets lost.


Info 2)

The advertised house edge for the Stake in-house Black Jack is 0,5%, which means longterm I will lose 0,5% of all bets placed.

Losing 0,5% out of 180,904 bets placed = 900 bets lose.

If you compare Info 1) with Info 2), you can see that I lost 8,327 bets instead of the 900 bets I should lose = 9 times more!

While there is a deviation from the expected outcome, it can not be 9 times more after 180,904 bets!


Info 3)

When the house edge is 0,5% and you placed 180,900 bets, you will lose 900 bets and the remaining 180,000 bets are coin flips.

The remaining 180,000 bets are coin flips, because they are neutral and you will win 50% = 90,000 bets and lose 50% = 90,000 bets.

4,6% of the bets lost while I should lose only 0,5% means my experienced deviation of the 180,000 coin flips is 4,1%!


Now let's take a look at the standard deviation for 180,000 coin flips:

A) Standard deviation for 180,000 coin flips = 212 coin flips = 0,12% (In 68% of all attempts, the deviation is up to 0,12%)
 
My experienced deviation of 4,1% is 34 times higher than the standard deviation (4,1% : 0,12% = 34)


B) 3 times standard deviation for 180,000 coin flips = 0,36% (In 99,7% of all attempts, the deviation is up to 0.36%)
 
My experienced deviation of 4,1% is 11 times higher than the 3 times standard deviation (4,1% : 0,36% = 11)

 
Info 4)

The Stake bet transaction history only states 180,000 single bet events and no overview of my experienced house edge.

To get my experienced house edge from the bet transaction history, I would need to take a look at all 180,000 bets and calculate it manually!

If the cards were dealt fair and I lost only 0,5% of all bets placed while the statistics states that I lost 4,6%, then the Stake statistics is rigged!

In either case, the Stake in-house Black Jack system is provably rigged and Stake has to compensate at least the 30,000 USD I lost from my pocket.


I hope this helps you understand what the Crypto Gambling Foundation is and how it works. If you want to learn more, you can visit their website or contact them through their contact form.

The contact form is not working!
Provablyfair  means that you can verify and confirm the round results and how they were generated. It has nothing to do with percentage of losses and wins.
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February 03, 2024, 02:10:25 AM
 #509

Why is the Crypto Gambling Foundation important?

It is Stake's marketing tool to mislead victims!


- By verifying and promoting provably fair operators, they ensure that players can enjoy a transparent and secure gambling experience, without worrying about rigged outcomes or fraudulent practices.

Stake's in-house Black Jack system is provably rigged!

Info 1)

If you take a look at my statistics here https://ibb.co/Hxf8NpR you can see the following total numbers:

Bets: 180,904

Wins: 78,285

Losses: 86,612

If we reduce the number of wins from the number of losses, we can see that I lost 8,327 bets (86,612 minus 78,285 = 8,327)

Losing 8,327 bets out of 180,904 bets placed = 4,6% of the bets lost.


Info 2)

The advertised house edge for the Stake in-house Black Jack is 0,5%, which means longterm I will lose 0,5% of all bets placed.

Losing 0,5% out of 180,904 bets placed = 900 bets lose.

If you compare Info 1) with Info 2), you can see that I lost 8,327 bets instead of the 900 bets I should lose = 9 times more!

While there is a deviation from the expected outcome, it can not be 9 times more after 180,904 bets!


Info 3)

When the house edge is 0,5% and you placed 180,900 bets, you will lose 900 bets and the remaining 180,000 bets are coin flips.

The remaining 180,000 bets are coin flips, because they are neutral and you will win 50% = 90,000 bets and lose 50% = 90,000 bets.

4,6% of the bets lost while I should lose only 0,5% means my experienced deviation of the 180,000 coin flips is 4,1%!


Now let's take a look at the standard deviation for 180,000 coin flips:

A) Standard deviation for 180,000 coin flips = 212 coin flips = 0,12% (In 68% of all attempts, the deviation is up to 0,12%)
 
My experienced deviation of 4,1% is 34 times higher than the standard deviation (4,1% : 0,12% = 34)


B) 3 times standard deviation for 180,000 coin flips = 0,36% (In 99,7% of all attempts, the deviation is up to 0.36%)
 
My experienced deviation of 4,1% is 11 times higher than the 3 times standard deviation (4,1% : 0,36% = 11)

 
Info 4)

The Stake bet transaction history only states 180,000 single bet events and no overview of my experienced house edge.

To get my experienced house edge from the bet transaction history, I would need to take a look at all 180,000 bets and calculate it manually!

If the cards were dealt fair and I lost only 0,5% of all bets placed while the statistics states that I lost 4,6%, then the Stake statistics is rigged!

In either case, the Stake in-house Black Jack system is provably rigged and Stake has to compensate at least the 30,000 USD I lost from my pocket.


I hope this helps you understand what the Crypto Gambling Foundation is and how it works. If you want to learn more, you can visit their website or contact them through their contact form.

The contact form is not working!

Provablyfair  means that you can verify and confirm the round results and how they were generated. It has nothing to do with percentage of losses and wins.

I posted proof that their in-house Black Jack system is rigged!

So if the cards were dealt fair, which I can not verify, then their statistics is rigged and misled me to deposit and lose huge amounts!

In either case they have to compensate at least the 30,000 USD I unjustifiably lost.
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February 03, 2024, 06:27:31 AM
 #510

Why is the Crypto Gambling Foundation important?

It is Stake's marketing tool to mislead victims!


- By verifying and promoting provably fair operators, they ensure that players can enjoy a transparent and secure gambling experience, without worrying about rigged outcomes or fraudulent practices.

Stake's in-house Black Jack system is provably rigged!

Info 1)

If you take a look at my statistics here https://ibb.co/Hxf8NpR you can see the following total numbers:

Bets: 180,904

Wins: 78,285

Losses: 86,612

If we reduce the number of wins from the number of losses, we can see that I lost 8,327 bets (86,612 minus 78,285 = 8,327)

Losing 8,327 bets out of 180,904 bets placed = 4,6% of the bets lost.


Info 2)

The advertised house edge for the Stake in-house Black Jack is 0,5%, which means longterm I will lose 0,5% of all bets placed.

Losing 0,5% out of 180,904 bets placed = 900 bets lose.

If you compare Info 1) with Info 2), you can see that I lost 8,327 bets instead of the 900 bets I should lose = 9 times more!

While there is a deviation from the expected outcome, it can not be 9 times more after 180,904 bets!


Info 3)

When the house edge is 0,5% and you placed 180,900 bets, you will lose 900 bets and the remaining 180,000 bets are coin flips.

The remaining 180,000 bets are coin flips, because they are neutral and you will win 50% = 90,000 bets and lose 50% = 90,000 bets.

4,6% of the bets lost while I should lose only 0,5% means my experienced deviation of the 180,000 coin flips is 4,1%!


Now let's take a look at the standard deviation for 180,000 coin flips:

A) Standard deviation for 180,000 coin flips = 212 coin flips = 0,12% (In 68% of all attempts, the deviation is up to 0,12%)
 
My experienced deviation of 4,1% is 34 times higher than the standard deviation (4,1% : 0,12% = 34)


B) 3 times standard deviation for 180,000 coin flips = 0,36% (In 99,7% of all attempts, the deviation is up to 0.36%)
 
My experienced deviation of 4,1% is 11 times higher than the 3 times standard deviation (4,1% : 0,36% = 11)

 
Info 4)

The Stake bet transaction history only states 180,000 single bet events and no overview of my experienced house edge.

To get my experienced house edge from the bet transaction history, I would need to take a look at all 180,000 bets and calculate it manually!

If the cards were dealt fair and I lost only 0,5% of all bets placed while the statistics states that I lost 4,6%, then the Stake statistics is rigged!

In either case, the Stake in-house Black Jack system is provably rigged and Stake has to compensate at least the 30,000 USD I lost from my pocket.


I hope this helps you understand what the Crypto Gambling Foundation is and how it works. If you want to learn more, you can visit their website or contact them through their contact form.

The contact form is not working!

Provablyfair  means that you can verify and confirm the round results and how they were generated. It has nothing to do with percentage of losses and wins.

I posted proof that their in-house Black Jack system is rigged!

So if the cards were dealt fair, which I can not verify, then their statistics is rigged and misled me to deposit and lose huge amounts!

In either case they have to compensate at least the 30,000 USD I unjustifiably lost.
How did they rig it? Did they change the rounds original server seed or they change your own client seed?
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February 03, 2024, 01:54:17 PM
Last edit: February 03, 2024, 02:49:25 PM by BlackyJacky
 #511

Why is the Crypto Gambling Foundation important?

It is Stake's marketing tool to mislead victims!


- By verifying and promoting provably fair operators, they ensure that players can enjoy a transparent and secure gambling experience, without worrying about rigged outcomes or fraudulent practices.

Stake's in-house Black Jack system is provably rigged!

Info 1)

If you take a look at my statistics here https://ibb.co/Hxf8NpR you can see the following total numbers:

Bets: 180,904

Wins: 78,285

Losses: 86,612

If we reduce the number of wins from the number of losses, we can see that I lost 8,327 bets (86,612 minus 78,285 = 8,327)

Losing 8,327 bets out of 180,904 bets placed = 4,6% of the bets lost.


Info 2)

The advertised house edge for the Stake in-house Black Jack is 0,5%, which means longterm I will lose 0,5% of all bets placed.

Losing 0,5% out of 180,904 bets placed = 900 bets lose.

If you compare Info 1) with Info 2), you can see that I lost 8,327 bets instead of the 900 bets I should lose = 9 times more!

While there is a deviation from the expected outcome, it can not be 9 times more after 180,904 bets!


Info 3)

When the house edge is 0,5% and you placed 180,900 bets, you will lose 900 bets and the remaining 180,000 bets are coin flips.

The remaining 180,000 bets are coin flips, because they are neutral and you will win 50% = 90,000 bets and lose 50% = 90,000 bets.

4,6% of the bets lost while I should lose only 0,5% means my experienced deviation of the 180,000 coin flips is 4,1%!


Now let's take a look at the standard deviation for 180,000 coin flips:

A) Standard deviation for 180,000 coin flips = 212 coin flips = 0,12% (In 68% of all attempts, the deviation is up to 0,12%)
 
My experienced deviation of 4,1% is 34 times higher than the standard deviation (4,1% : 0,12% = 34)


B) 3 times standard deviation for 180,000 coin flips = 0,36% (In 99,7% of all attempts, the deviation is up to 0.36%)
 
My experienced deviation of 4,1% is 11 times higher than the 3 times standard deviation (4,1% : 0,36% = 11)

 
Info 4)

The Stake bet transaction history only states 180,000 single bet events and no overview of my experienced house edge.

To get my experienced house edge from the bet transaction history, I would need to take a look at all 180,000 bets and calculate it manually!

If the cards were dealt fair and I lost only 0,5% of all bets placed while the statistics states that I lost 4,6%, then the Stake statistics is rigged!

In either case, the Stake in-house Black Jack system is provably rigged and Stake has to compensate at least the 30,000 USD I lost from my pocket.


I hope this helps you understand what the Crypto Gambling Foundation is and how it works. If you want to learn more, you can visit their website or contact them through their contact form.

The contact form is not working!

Provablyfair  means that you can verify and confirm the round results and how they were generated. It has nothing to do with percentage of losses and wins.

I posted proof that their in-house Black Jack system is rigged!

So if the cards were dealt fair, which I can not verify, then their statistics is rigged and misled me to deposit and lose huge amounts!

In either case they have to compensate at least the 30,000 USD I unjustifiably lost.

How did they rig it? Did they change the rounds original server seed or they change your own client seed?

I do not know if they rig the cards dealing or the bets statistics system or both.

A) Bets statistics system

What I know and what I can prove is that according to the law of large numbers it is technically not possible that after 180,000 coinflips there is a difference of 8,000 between coinflips won and coinflips lost.

Yes, there is a variance, but the bigger the number of attempts, the smaller is the possible variance.


B) Cards dealing system

I can not check if the cards were dealt fair, but everything I experienced indicates they are not dealt fair.

1) After around 140,000 bets placed, I bet 30,000 or 40,000 times the same amount, I calculated my experienced house edge (not Stake bets statistics).

My experienced house edge was 1,7% and this is 1,2% more like I statistically should!


2) To reach level Platinum VI, which gives a 6,400 USD reward, you need to wager 5 million USD.

My account showed that I have wagered 80% of the 5 million USD and at that time I had lost around 15,000 USD.

Then I calculated:

a) To wager 1 million USD at 0,5% house edge will cost me 5,000 USD.

b) With all the rewards, my practical house was 0,1% or maybe 0%

But let us take the 0,1% practical house and wagering 1 million USD at 0,1% should have cost me 1,000 USD.

6,400 USD level Platinum VI reward minus 1,000 USD practical house edge = 5,400 USD expected profit.

My overall loss should have dropped to around 10,000 USD after reaching level Platinum VI.


Can you imagine what happened?

After I had wagered 500,000 USD and had cleared 90% of level Platinum VI, I had lost another 15,000 USD and gave up!
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February 09, 2024, 09:35:54 PM
Last edit: February 13, 2024, 05:14:50 PM by BlackyJacky
 #512

1 month after the 8048/JAZ license holder Antillephone N.V. forwarded my compensation demand to the Stake alleged "Legal Department" and the Stake managing director Xecutive Corporate Management B.V., they still have not answered!

How on earth can you run a provably rigged in-house Black Jack system and ignore the request by your license issuer?

Is it because Stake is managed by two RuneScape players and a chat moderator?  Cheesy
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February 18, 2024, 01:09:33 PM
 #513

About cryptogambling.org

If anyone here is in a positon to negotiate on their behalf, i can and would like to buy the domain and logo and take over the project

contact me on telegram @gorababa
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February 26, 2024, 11:59:00 AM
 #514

1,5 months after the 8048/JAZ license holder Antillephone N.V. forwarded my compensation demand to the Stake alleged "Legal Department" and the Stake managing director Xecutive Corporate Management B.V., they still have not answered!

How on earth can you run a provably rigged in-house Black Jack system and ignore the request by your license issuer?

Is it because Stake is managed by two RuneScape players and a chat moderator?  Cheesy
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February 29, 2024, 12:19:02 AM
 #515

15 months later still not compensated!


The Stake in-house Black Jack system is provably rigged and not provably fair!

Info 1)

If you take a look at my statistics here https://ibb.co/Hxf8NpR you can see the following total numbers:

Bets: 180,904

Wins: 78,285

Losses: 86,612

If we reduce the number of wins from the number of losses, we can see that I lost 8,327 bets (86,612 minus 78,285 = 8,327)

Losing 8,327 bets out of 180,904 bets placed = 4,6% of the bets lost.


Info 2)

The advertised house edge for the Stake in-house Black Jack is 0,5%, which means longterm I will lose 0,5% of all bets placed.

Losing 0,5% out of 180,904 bets placed = 900 bets to lose.

If you compare Info 1) with Info 2), you can see that I lost 8,327 bets instead of the 900 bets I should lose = 9 times more!

While there is a deviation from the expected outcome, it can not be 9 times more after 180,904 bets!


Info 3)

When the house edge is 0,5% and you placed 180,900 bets, you will lose 900 bets and the remaining 180,000 bets are coin flips.

The remaining 180,000 bets are coin flips, because they are neutral and you will win 50% = 90,000 bets and lose 50% = 90,000 bets.

4,6% of the bets lost while I should lose only 0,5% means my experienced deviation of the 180,000 coin flips is 4,1%!


Now let's take a look at the standard deviation for 180,000 coin flips:

A) Standard deviation for 180,000 coin flips = 212 coin flips = 0,12% (In 68% of all attempts, the deviation is up to 0,12%)
 
My experienced deviation of 4,1% is 34 times higher than the standard deviation (4,1% : 0,12% = 34)


B) 3 times standard deviation for 180,000 coin flips = 0,36% (In 99,7% of all attempts, the deviation is up to 0.36%)
 
My experienced deviation of 4,1% is 11 times higher than the 3 times standard deviation (4,1% : 0,36% = 11)

 
Info 4)

The Stake bet transaction history only states 180,000 single bet events and no overview of my experienced house edge.

To get my experienced house edge from the bet transaction history, I would need to take a look at all 180,000 bets and calculate it manually!

If the cards were dealt fair and I lost only 0,5% of all bets placed while the statistics states that I lost 4,6%, then the Stake statistics is rigged!

In either case, the Stake in-house Black Jack system is provably rigged and Stake has to compensate at least the 30,000 USD I lost from my pocket.

Their strategy to ignore me, while they are clearly at fault, will fail!  Wink
j6o74
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February 29, 2024, 12:06:45 PM
 #516

15 months later still not compensated!


The Stake in-house Black Jack system is provably rigged and not provably fair!

Info 1)

If you take a look at my statistics here https://ibb.co/Hxf8NpR you can see the following total numbers:

Bets: 180,904

Wins: 78,285

Losses: 86,612

If we reduce the number of wins from the number of losses, we can see that I lost 8,327 bets (86,612 minus 78,285 = 8,327)

Losing 8,327 bets out of 180,904 bets placed = 4,6% of the bets lost.


Info 2)

The advertised house edge for the Stake in-house Black Jack is 0,5%, which means longterm I will lose 0,5% of all bets placed.

Losing 0,5% out of 180,904 bets placed = 900 bets to lose.

If you compare Info 1) with Info 2), you can see that I lost 8,327 bets instead of the 900 bets I should lose = 9 times more!

While there is a deviation from the expected outcome, it can not be 9 times more after 180,904 bets!




In either case, the Stake in-house Black Jack system is provably rigged and Stake has to compensate at least the 30,000 USD I lost from my pocket.

Their strategy to ignore me, while they are clearly at fault, will fail!  Wink
You clearly misunderstood what provably fair and house edge means.
Provablyfair is the ability or  mechanism to ensure that the round result was not tampered or selectively picked by casino or anyone. You verify this using server seeds provided and your own client seed.

What you posted clearly shows you gambled irresponsibly and lost .
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February 29, 2024, 09:18:59 PM
Last edit: February 29, 2024, 09:41:53 PM by BlackyJacky
 #517

You clearly misunderstood what provably fair and house edge means.

I understand very well what house edge means!  Wink

If the house edge is 1%, then you statistically lose 1 bet every 100 bets.

So if you placed 101 bets, you will statistically lose 1 bet and the other 100 bets are coinflips of which you should win 50 bets and lose 50 bets.


What you posted clearly shows you gambled irresponsibly and lost .

How did I gamble irresponsibly?
j6o74
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March 05, 2024, 07:02:50 AM
 #518

You clearly misunderstood what provably fair and house edge means.


So if you placed 101 bets, you will statistically lose 1 bet and the other 100 bets are coinflips of which you should win 50 bets and lose 50 bets.


Actually no.
You can still lose 60 bets and win 40 bets. Like what happened to you
You can also lose 99 bets and win only 1 bet. Its called gambling .
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March 05, 2024, 08:54:02 AM
 #519


If you take a look at my statistics here https://ibb.co/Hxf8NpR you can see the following total numbers:

Bets: 180,904

Wins: 78,285

Losses: 86,612

If we reduce the number of wins from the number of losses, we can see that I lost 8,327 bets (86,612 minus 78,285 = 8,327)

Losing 8,327 bets out of 180,904 bets placed = 4,6% of the bets lost.


"According to my blackjack appendix 4, the probability of an overall win in blackjack is 42.22%, a tie is 8.48%, and a loss is 49.10%." (source: Wizard of odds)
According to the above, you have more wins in statistics than the mathematical expectation. Perhaps the real question is: what is your total wager and profit/loss?
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March 06, 2024, 05:04:27 PM
 #520

My statistics is about BETS won and lost and the statistics you are referring to is about HANDS!

Hands and bets are not the same!

For example, when you win a Black Jack, then you win 1 hand, but win 1,5 bets.  Smiley

Despite of this, a hand can have up to 4 bets.

When the advertised house edge is 0,5%, then long term you should lose 0,5% of your bets and not 4,6%!

 
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