⚖️ Crypto Gambling Foundation ⚖️ - Fair Gambling For All

[BlackyJacky]

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/


https://image.ibb.co/kwH4m5/Artboard_140.png

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

The website is dead!

Nothing but empty promises!

[BlackyJacky]

Why do Bijan and Edward ignore their "provably fair" thread?

[TwitchySeal]

Why do Bijan and Edward ignore their "provably fair" thread?

With 1% house edge how much do you think you should expect to lose after wagering $9.5m?



(blackyjacky lost $30k, wagered $9.5m, thinks they scammed him because he doesn't know how to do basic math)

[BlackyJacky]

Why do Bijan and Edward ignore their "provably fair" thread?

With 1% house edge how much do you think you should expect to lose after wagering $9.5m?

Your question is not related to my situation, so I suggest to ask somewhere else where it could be relevant.

My advertised house edge is 0,5% and with all Stake gives back 0%.

(blackyjacky lost $30k, wagered $9.5m, thinks they scammed him because he doesn't know how to do basic math)

You false and misleading claim that I think I was scammed, which is nonsense because I 100% sure know that Stake scammed me:

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!

There is a huge difference between think and know!

[TwitchySeal]

Why do Bijan and Edward ignore their "provably fair" thread?

With 1% house edge how much do you think you should expect to lose after wagering $9.5m?

Your question is not related to my situation, so I suggest to ask somewhere else where it could be relevant.

My advertised house edge is 0,5% and with all Stake gives back 0%.

House edge means the amount the house expects to win from you.  It doesn't mean they're going to give you anything back.

If the house edge is 0.5%, that means on average, the house profits 0.5% of every wager.  Of course there's variance involved.

So if you wagered $9,500,000 and the house edge is 0.5% you can figure out your expected losses by calculating what 0.5% of $9,500,000 is.

Do you know how to do that?

Here's a trick, just type "what is 0.5% of 9500000" into google.

The answer is 47500.

So, on average, a player that wageres $9,500,000 on a game with a house edge of 0.5% will lose $47,500.

Of course there's also bonuses and stuff, which explains why you only lost $30,000 - which is less than the advertised house edge.

[BlackyJacky]

How much should I lose if the advertised house edge is 0,5% and Stake gives back 0,5 to 1% of the wagered amount?

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.

[theskillzdatklls]

How much should I lose if the advertised house edge is 0,5% and Stake gives back 0,5 to 1% of the wagered amount?

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.

Even if that were true, that doesn't take into account that luck is a factor.

If we flip a coin at 0% house edge for $1000 and I win, you are down $1000 even though the house edge is 0%.

But it's also possible there are problems with your math.

Did you reveal the server seeds if you were playing on Provably Fair games? If you did, and everything checks out, I'm not sure what you're complaining about.

If you played games that were not Provably Fair, then you're just asking for trouble.

[BlackyJacky]

How much should I lose if the advertised house edge is 0,5% and Stake gives back 0,5 to 1% of the wagered amount?

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.

Did you reveal the server seeds if you were playing on Provably Fair games? If you did, and everything checks out, I'm not sure what you're complaining about.

I complain that I made 180,000 bets and lost 4,6% of it while the advertised house edge is 0,5%

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


Can you tell me how much I should lose if the advertised house edge is 0,5% and Stake gives back 0,5% of the wagered amount?

TwitchySeal is too stupid to do this calculation!

[tusandii]

You false and misleading claim that I think I was scammed, which is nonsense because I 100% sure know that Stake scammed me:

From all your statements here when I read only have the point that you are always being deceived by Stake.com.
Actually, what problem do you have with a trusted gambling site that is already big like Stake.com?
If I learn everything you say is just a stupid narrative that is not proven true.
Try to post here at least some evidence like a screenshot that you are indeed playing on Stake.com and feel at a loss.

If what you say is true, you should be able to provide some evidence, right?

But if you speak without any evidence then it is clear that you are someone who is trying to damage the reputation of Stake.com by providing so many weightless narratives.
Stop giving a false statement if you don't want to get into trouble in the future, friend.

[TwitchySeal]

Can you tell me how much I should lose if the advertised house edge is 0,5% and Stake gives back 0,5% of the wagered amount?

Your bonuses usually total around half of the house edge.  Obviously there's no set formula that we know of though.  But let's assume you were getting half of the house edge, which would come out to 0.25% of the total wagered.

If you wagered $9,500,000 and played only black jack (you played other games also, but this is just an example) with perfect strategy (unlikely considering the difficulty you have with very basic math), then you would lose $47,500 and receive $23,750 in bonuses which would make you overall down $23,750.

Of course it's unlikely you would end up on that exact number.  The range of possible outcomes would depend on your bet sizing.  The smaller the average bet, as well as the smaller the maximum bet, the smaller the range.

Remember, the house edge means the edge is in favor of the house.  Not the house you live in, "house" is just a term we use for the casino.  The house edge favors the casino, not the player.  Whatever the house edge is, multiply it by an amount you wagered, and that's what your theoretical value it.

[BlackyJacky]

Can you tell me how much I should lose if the advertised house edge is 0,5% and Stake gives back 0,5% of the wagered amount?

Your bonuses usually total around half of the house edge.  Obviously there's no set formula that we know of though.  But let's assume you were getting half of the house edge, which would come out to 0.25% of the total wagered.

Your assumption is not related to my situation, so I suggest to post it somewhere else where it could be relevant.

Stake gave me back around 0,5% of the wagered amount.

[TwitchySeal]

Can you tell me how much I should lose if the advertised house edge is 0,5% and Stake gives back 0,5% of the wagered amount?

Your bonuses usually total around half of the house edge.  Obviously there's no set formula that we know of though.  But let's assume you were getting half of the house edge, which would come out to 0.25% of the total wagered.

Your assumption is not related to my situation, so I suggest to post it somewhere else where it could be relevant.

Stake gave me back around 0,5% of the wagered amount.

The fact is, a few tenths of a percent either way, which is what your $30k loss equates to, can easily be attributed to variance.  Variance is what makes gambling gambling.  If you were guaranteed to lose exactly 0.5% then you would be guaranteed a 0% chance of winning, and that wouldn't be fun at all, would it?

You've presented literally zero evidence of anything even remotely shady after dozens and dozens of posts.

You wagered almost $1 million.

You lost $30k

Your ROI was negative 0.3%

The only thing you're a victim of is your own stupidity.  Get over it.

[BlackyJacky]

PROOF OF THE SCAM

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 lost.

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!  

[BlackyJacky]

You false and misleading claim that I think I was scammed, which is nonsense because I 100% sure know that Stake scammed me:

From all your statements here when I read only have the point that you are always being deceived by Stake.com.

Yes, Stake scammed me for a substantial amount!

Actually, what problem do you have with a trusted gambling site that is already big like Stake.com?

If you read my statements, you should know. Maybe you are not able to understand it?

If I learn everything you say is just a stupid narrative that is not proven true.

PROOF OF THE SCAM

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 lost.

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!  

Try to post here at least some evidence like a screenshot that you are indeed playing on Stake.com and feel at a loss.

If you read my statements, you should have seen it?

From all your statements here when I read only have the point that you are always being deceived by Stake.com.

If what you say is true, you should be able to provide some evidence, right?

Yes, and I provided the evidence.


In the meantime, did you ask your employer to show their license to operate a crypto currency online casino?

@ tusandii

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

[tusandii]

-snip-

What do you mean by proof?
That's not a proper hill.
If you have been in the gambling industry for a long time and have a lot of experience then you wouldn't talk about Stake.com casino being cheating just because you lost playing there.
From everything you say here there is no truth and everyone knows that you are just boasting and speaking without using logic.
If you don't want to experience losses and defeats from gambling, then don't gamble, but become a dealer, so victory will always be yours.

License you say?
Previously I explained to you about the license used by Stake.com, is it still not clear?
Expand your experience and insight in the gambling industry first before throwing absurd narratives like this.

[TwitchySeal]

PROOF OF THE SCAM

https://ibb.co/Hxf8NpR

4.6% of the bets lost after 180,000 bets while the advertised house edge is 0,5%!

You're only proving what an idiot you are.

When you play one round of black jack, which is what the stats refer to as a "bet", these are the probabilities  for each of the three possible outcomes:


(they will vary slightly depending on the rules being used)

As you can see, you are significantly more likely to lose than to win.  This is due to two factors:

A) The house edge
B) Your average win is slightly more than your average loss since blackjack pay out 3-2, not even money.

B is the one you keep ignoring.  Stop ignoring it.  Better odds when you win = you will win less often.

[BlackyJacky]

License you say?
Previously I explained to you about the license used by Stake.com, is it still not clear?
Expand your experience and insight in the gambling industry first before throwing absurd narratives like this.

The license you explained is not valid for crypto currencies!

@ tusandii

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

Why do not you ask?

Are you covering up your employer?

[TwitchySeal]

License you say?
Previously I explained to you about the license used by Stake.com, is it still not clear?
Expand your experience and insight in the gambling industry first before throwing absurd narratives like this.

The license you explained is not valid for crypto currencies!

@ tusandii

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

Why do not you ask?

Are you covering up your employer?

Can you show me some sort of evidence that Curacao prohibits sites that it licensed from operating with crypto?   Because that would be weird considering theyve licensed so many crypto casinos.

Oh wait here you go:

Cryptocurrency is not (yet) regulated in Curaçao and is therefore not prohibited. However, the new legislation will include a clause to allow cryptocurrency exchange until Curaçao’s expected regulation on ‘crypto’ enters into force.

https://the-emgroup.com/updates-on-the-modernization-of-the-curacao-online-gaming-legislation/#:~:text=Cryptocurrency%20is%20not%20(yet)%20regulated,'crypto'%20enters%20into%20force.


You'll have to wait for the regulator to regulate crypto to see the crypto license.

[Hispo]

License you say?
Previously I explained to you about the license used by Stake.com, is it still not clear?
Expand your experience and insight in the gambling industry first before throwing absurd narratives like this.

The license you explained is not valid for crypto currencies!

@ tusandii

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

Why do not you ask?

Are you covering up your employer?

Man, no one is trying to cover anyone. It is about you using this thread to accuse a casino of scamming their gamblers, you cannot do that and do not expect people to call you out about it if you continue to do so without some evidence.
So we are just answering back to your points and letting you know that you cannot just do what you are doing and try to smear a service, it would happen not matter what casino or service you would be accusing and bad mouthing.

If you have lost a signicant amount of money, then I understand you feel angry, it has happened to most of us, however this is not the right reaction to have when losing to a casino. You know?. Were you not prepared to lose money before logging in ? Then you should not gamble. In my opinion.   

[Fivestar4everMVP]

License you say?
Previously I explained to you about the license used by Stake.com, is it still not clear?
Expand your experience and insight in the gambling industry first before throwing absurd narratives like this.

The license you explained is not valid for crypto currencies!

@ tusandii

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

Why do not you ask?

Are you covering up your employer?

Man, no one is trying to cover anyone. It is about you using this thread to accuse a casino of scamming their gamblers, you cannot do that and do not expect people to call you out about it if you continue to do so without some evidence.
So we are just answering back to your points and letting you know that you cannot just do what you are doing and try to smear a service, it would happen not matter what casino or service you would be accusing and bad mouthing.

If you have lost a signicant amount of money, then I understand you feel angry, it has happened to most of us, however this is not the right reaction to have when losing to a casino. You know?. Were you not prepared to lose money before logging in ? Then you should not gamble. In my opinion.   

Your point is clear enough bud, this is one of the major issues in the  gambling community which I don't think there will ever be a solution to, that is, losing money one initially did not intend to lose, and then out of anger, start looking for means to try to stain the casinos reputation by accusing them of scam or something similar..

The best answer or response to such accusation is to just read and ignore, that is, any accusation without proper evidence or proof, should not be considered serious.

In time past, I've read about gambler who lost money to a casino, out of anger and frustration, they go and rob, or try to rob the casino, things like this wil always be.