⚖️ Crypto Gambling Foundation ⚖️ - Fair Gambling For All

[TwitchySeal]

Stake support says "Statistics" states the number of total bets made

https://ibb.co/SQdVCF6

TwitchySeal says "Statistics" states the number of total games played.

Number of games played and number of bets made is not the same!

Who is lying?

I really don't care what you call it.  Game, Round, Hand, Bet, you can literally use any of them to describe
placing a black jack wager and making any required decisions until the outcome is determined.  

That's when you know the game,round,hand,bet is over - when all the cards are returned and the wagers are settled.

And if you were arguing in good faith and actually interested in the truth instead of just wanting to play victim and trash stake because you lost, you'd simply figure it out for yourself.  It's not rocket surgery.

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[BlackyJacky]

If that is the case, this whole situation is rather weird and bizarre.
In the board alone there must be hundreds of people who have lost money to a casino (some of them even open threads and openly admit it in order to vent their emotions) and this is the first time I have seen someone consistently trying to damage the reputation of a casino.

As far as I get it, the problem here is that he is trying to calculate the house edge, disregarding the skill/decision making that comes with blackjack, isn't it?

maybe @BlackyJacky is a guy who needs to take a break from the world of gambling, he is quite emotional in gambling because in some ANN some casinos always see him.

yes, @BlackyJacky loses several arguments with @TwitchySeal. and he gets even angrier every time he loses talking to @TwitchySeal.

even though TwitchySeal has explained all the details about how House Edge works but BlackyJacky disagrees and always ignores the fact.

Referring to TwitchySeal's nonsense makes you look stupid!


@ len01

Please ask your employer to show their license to operate a crypto currency online casino?

[tusandii]

But I do not accept that the advertised house edge is 0,5% and my Statistics state that I lost 4,6% of the bets placed!

I think you can lose more than that even without the house edge, you can simulate a dice with a 50/50 chance of winnings and see that the percentage result won't be 0% loss.  Gambling is random and each roll is independent of the other.  So with a house edge of 0.5%, it does not mean that you will only have an accumulated loss of 0.5%.  Losses will accumulate and will start to grow as you play.  The longer you play the bigger the discrepancy between the house edge and the percentage loss.

Do you believe what he said buddy?
So far I've looked at all the arguments and none of them make any sense that it's actually real.
Instead, I think that what he said was lies or nonsense which only provoked prolonged debate and disputes.
Previously he had asked me and I answered and explained everything about the license which was clearly stated and became concrete evidence but in the end he ignored it and then made another review which caused another debate.

[BlackyJacky]

But I do not accept that the advertised house edge is 0,5% and my Statistics state that I lost 4,6% of the bets placed!

I think you can lose more than that even without the house edge, you can simulate a dice with a 50/50 chance of winnings and see that the percentage result won't be 0% loss.  Gambling is random and each roll is independent of the other.  So with a house edge of 0.5%, it does not mean that you will only have an accumulated loss of 0.5%.  Losses will accumulate and will start to grow as you play.  The longer you play the bigger the discrepancy between the house edge and the percentage loss.

Do you believe what he said buddy?
So far I've looked at all the arguments and none of them make any sense that it's actually real.
Instead, I think that what he said was lies or nonsense which only provoked prolonged debate and disputes.
Previously he had asked me and I answered and explained everything about the license which was clearly stated and became concrete evidence but in the end he ignored it and then made another review which caused another debate.

I informed you that the 8048/JAZ license Stake claims to operate under is not valid for crypto currencies!

The 8048/JAZ license is not valid for crypto currencies!

Despite of this, they need to have a license certificate for their in-house Black Jack.

Do you believe that friends of Edward can code their in-house Black Jack and everything is fine?

Do you believe that you can privately code a Black Jack software and publicly take crypto currencies and everything is fine?

@ tusandii

Please ask your employer to show their license to operate a crypto currency online casino?

[BlackyJacky]

While I was playing Stake's in-house Black Jack and got scammed, Stake referred to the dead Crypto Gambling Foundation as proof that it is provably fair!

https://ibb.co/GFsGZRq

[TwitchySeal]

While I was playing Stake's in-house Black Jack and got scammed, Stake referred to the dead Crypto Gambling Foundation as proof that it is provably fair!

https://ibb.co/GFsGZRq

You didn't get scammed, you're just an idiot that sucks at math and lacks the character to admit you were wrong.

[BlackyJacky]

My calculation is 100% correct:

0,5% house edge means that I win 49.75% of all bets placed and lose 50.25% of all bets placed.

Yes that's just not the calculation for black jack.  Here's the calculation for blackjack with very similar rules as stake, and an even lower house edge (.28%)

https://i.snipboard.io/b8rzLT.jpg

Summarized Net Win in Blackjack

Event ---- Probability

Win ------- 42,43%

Push ------ 8,48%

Loss ------ 49,09%

https://wizardofodds.com/ask-the-wizard/blackjack/probability/

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).

You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

My Stake Statistics: https://ibb.co/Hxf8NpR


But if 6,6% hands lost = 0,28% house edge, then only 4,6% hands lost means I experienced a 1,72% player edge.

(losing only 4,6% of the hands instead of 6,6% = 2% experienced player edge - 0,28% house edge = 1,72% experienced player edge).

1,72% player edge while 9,5 million USD wagered means 163,000 USD win, but I lost 30,000 USD.


If "Bets" = Hands as you claim, then Stake scammed me for 193,000 USD (163,000 USD should win + 30,000 USD lost)!

If "Bets" are Bets, then Stake scammed me for 389,500 USD (4,1% of 9,5 million USD wagered)!


Either way, Stake scammed me!

[TwitchySeal]

My calculation is 100% correct:

0,5% house edge means that I win 49.75% of all bets placed and lose 50.25% of all bets placed.

Yes that's just not the calculation for black jack.  Here's the calculation for blackjack with very similar rules as stake, and an even lower house edge (.28%)


https://wizardofodds.com/ask-the-wizard/blackjack/probability/

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).

You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

My Stake Statistics: https://ibb.co/Hxf8NpR


But if 6,6% hands lost = 0,28% house edge, then only 4,6% hands lost means I experienced a 1,72% player edge.

(losing only 4,6% of the hands instead of 6,6% = 2% experienced player edge - 0,28% house edge = 1,72% experienced player edge).

1,72% player edge while 9,5 million USD wagered means 163,000 USD win, but I lost 30,000 USD.


If "Bets" = Hands as you claim, then Stake scammed me for 193,000 USD (163,000 USD should win + 30,000 USD lost)!

If "Bets" are Bets, then Stake scammed me for 389,500 USD (4,1% of 9,5 million USD wagered)!


Either way, Stake scammed me!

You didn't only play blackjack.

[BlackyJacky]

You didn't only play blackjack.

I played only Black Jack.

[TwitchySeal]

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).
You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

No.  Jesus Christ.  

Stop trying to calculate your ROI based on just the total hands won lost and tied.  It's not possible.  The amount of money you win or lose each hand varies.  can1win2?  Yes!  If you're dealt a black jack and the dealer isn't 1 wins 2!  There's also splits and doubles.

And I linked you directly to the website of a literal mathematician and probably the most respected one in the world when it comes to gambling based games.  Unlike you, I don't just pull numbers out of my ass.

If you want to know your ROI, email support and ask for your accounts results life time.

You didn't only play blackjack.

I played only Black Jack.

I think you're full of shit and during the past 2 years and 140,000+ bets you did not only play blackjack.

[BlackyJacky]

@TwitchySeal

Can you post your nonsense shit and blatant lies somewhere else?

I clearly explained that Stake scammed me either way:

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).

You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

My Stake Statistics: https://ibb.co/Hxf8NpR


But if 6,6% hands lost = 0,28% house edge, then only 4,6% hands lost means I experienced a 1,72% player edge.

(losing only 4,6% of the hands instead of 6,6% = 2% experienced player edge - 0,28% house edge = 1,72% experienced player edge).

1,72% player edge while 9,5 million USD wagered means 163,000 USD win, but I lost 30,000 USD.


If "Bets" = Hands as you claim, then Stake scammed me for 193,000 USD (163,000 USD should win + 30,000 USD lost)!

If "Bets" are Bets, then Stake scammed me for 389,500 USD (4,1% of 9,5 million USD wagered)!

[TwitchySeal]

@TwitchySeal

Can you post your nonsense shit and blatant lies somewhere else?

I clearly explained that Stake scammed me either way:

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).

You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

My Stake Statistics: https://ibb.co/Hxf8NpR


But if 6,6% hands lost = 0,28% house edge, then only 4,6% hands lost means I experienced a 1,72% player edge.

(losing only 4,6% of the hands instead of 6,6% = 2% experienced player edge - 0,28% house edge = 1,72% experienced player edge).

1,72% player edge while 9,5 million USD wagered means 163,000 USD win, but I lost 30,000 USD.


If "Bets" = Hands as you claim, then Stake scammed me for 193,000 USD (163,000 USD should win + 30,000 USD lost)!

If "Bets" are Bets, then Stake scammed me for 389,500 USD (4,1% of 9,5 million USD wagered)!

In blackjack, the amount you win or lose each hand varies, so trying to calculate your overall results based on only the number of hands you won or lost is impossible.

Also, I'm guessing that over two years and 100k + hands of black jack, you did not bet the exact same amount every single hand.  So even if you only played black jack (you didn't) and black jack only ever resulted in a tie, losing your initial wager or profiting your initial wager (it doesn't) then your math still wouldn't work.

If you want to know your ROI, email support and ask for your accounts results life time.

[BlackyJacky]

ROI = return on investment

I did not invest in Stake and played their in-house Black Jack for fun.

Though the fun ended when I realised that they scammed me!

I asked complaints@stake.com to send my daily overview of the games of chance played, the number of times each game has been played, the bets made and the prize money achieved, but they do not deliver!

[TwitchySeal]

ROI = return on investment

I did not invest in Stake and played their in-house Black Jack for fun.

Though the fun ended when I realised that they scammed me!

I asked complaints@stake.com to send my daily overview of the games of chance played, the number of times each game has been played, the bets made and the prize money achieved, but they do not deliver!

Your email probably didn't make any sense.
Do you act like an idiot for fun?  If not, you should invest some time into educating yourself on basic math concepts like ROI. (hint: the house edge is the casinos theoretical ROI)

[BlackyJacky]

ROI = return on investment

I did not invest in Stake and played their in-house Black Jack for fun.

Though the fun ended when I realised that they scammed me!

I asked complaints@stake.com to send my daily overview of the games of chance played, the number of times each game has been played, the bets made and the prize money achieved, but they do not deliver!

Your email probably didn't make any sense.

Do you act like an idiot for fun?  

If not, you should invest some time into educating yourself on basic math concepts like ROI. (hint: the house edge is the casinos theoretical ROI)

What a stupid idiot you are!

The difference between money spent and money coming in = ROI


Is getting cents for making nonsense posts and attacking online casino victims your income source?

[TwitchySeal]

The difference between money spent and money coming in = ROI

No, that's just your net result.  It's how much you won or lost.

ROI is a percentage, not an amount of money.  It's your net result divided by how much you wagered.

So if you wagered $1,000, and won $900 your net would be -$100 and your ROI would be -0.1 or -10%

If you wagered $1,000 and won $1,500 your net would be $500 and your ROI would be 0.5 or 50%


It's not possible to determine your net result without knowing how much you won.  And it's not possible to calculate your ROI without knowing your net result.

Since the stats stake gives you access to only shows how much you wagered (based on the current value of each crypto, not based on the value at the time the bet was made) and how many bets you made/won/lost, but not how much money you won, you can't calculate your net result.  Without your net result, you can't calculate your ROI.  So stop trying.  It's not possible. 

[BlackyJacky]

If you consider my Black Jack playing activity as an investment (LOL), then I "invested" 30,000 USD and lost 30,000 USD and my ROI is -100%

[TwitchySeal]

If you consider my Black Jack playing activity as an investment (LOL), then I "invested" 30,000 USD and lost 30,000 USD and my ROI is -100%

Wow you really are clueless.  I honestly thought you were mostly trolling and just kind of dumb.

Go back and read my explanation slowly.

If we know you're down $30,000, and we know you wagered $9,500,000, then we can calculate your ROI inclusive of all bonuses (rakeback, level up, weekly, monthly, etc)

You wagered 9,500,000 , and your return was 9,470,000 (for a net result of -30,000), then your overall ROI is -0.31%, which is in line with what you would expect considering Stake generally gives back around .5 to 1% of the house edge, meaning you got around $75k in bonuses and actually lost closer to $100k playing blackjack.

[tusandii]

-snip-

I informed you that the 8048/JAZ license Stake claims to operate under is not valid for crypto currencies!

What do you mean the 8048/JAZ license is not valid for cryptocurrency operations?
Actually you don't have much knowledge and insight to make inconsequential questions and reviews?
Study first, friend and deepen your experience so that you can comment using the truth so that what you say is not just words that are not of good quality.
You yourself have negative beliefs about accusing the casino and talking or arguing nonsense so why are you asking things you don't really know yourself.
I have read all your posts and they are all Bulshit.

[Alisha-k]

Announcing the Crypto Gambling Foundation

The Crypto Gaming Foundation is going to be setting a standard for transparency and fairness in our gaming community. Online casinos are amongst the least trusted businesses in the world with only 34% of people believing that online gambling is fair and can be trusted.

Personally, I remember when this community was much smaller and websites with poor fairness and dishonest practices were shunned. It worries me that crypto gambling is becoming more and more similar to real money gambling with some of the top crypto casinos regularly taking advantage of players with abusive practices.

Because of this I am happy to join and help this group encourage fair gambling in this space. Check it out, browse our articles and join the forum. Membership is of course free.  

Main Site: http://cryptogambling.org      Forum: http://forum.cryptogambling.org/

this is really inciting op, very nice progress and project, looking forward to a bigger platform with higher opportunities. Cheers