Bitcoin Forum
May 07, 2024, 07:41:39 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: I gambled and lost  (Read 2406 times)
kgbgk (OP)
Newbie
*
Offline Offline

Activity: 20
Merit: 0



View Profile
June 06, 2013, 05:29:09 PM
 #1

As the title says, I gambled my bitcoins both bought and mined. Satoshidice is the sole recipient.

Make sure you only gamble what you can afford to lose as hindsight is 20/20 and it's amazing how much you can kick your own ass.

Cheers,
k.
1715067699
Hero Member
*
Offline Offline

Posts: 1715067699

View Profile Personal Message (Offline)

Ignore
1715067699
Reply with quote  #2

1715067699
Report to moderator
1715067699
Hero Member
*
Offline Offline

Posts: 1715067699

View Profile Personal Message (Offline)

Ignore
1715067699
Reply with quote  #2

1715067699
Report to moderator
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715067699
Hero Member
*
Offline Offline

Posts: 1715067699

View Profile Personal Message (Offline)

Ignore
1715067699
Reply with quote  #2

1715067699
Report to moderator
1715067699
Hero Member
*
Offline Offline

Posts: 1715067699

View Profile Personal Message (Offline)

Ignore
1715067699
Reply with quote  #2

1715067699
Report to moderator
1715067699
Hero Member
*
Offline Offline

Posts: 1715067699

View Profile Personal Message (Offline)

Ignore
1715067699
Reply with quote  #2

1715067699
Report to moderator
Bowjob
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250



View Profile
June 06, 2013, 05:51:01 PM
 #2

As the title says, I gambled my bitcoins both bought and mined. Satoshidice is the sole recipient.

Make sure you only gamble what you can afford to lose as hindsight is 20/20 and it's amazing how much you can kick your own ass.

Cheers,
k.

how much is the damage?

It seemed like a good idea at the time.
kgbgk (OP)
Newbie
*
Offline Offline

Activity: 20
Merit: 0



View Profile
June 06, 2013, 05:54:32 PM
 #3

All told 5BTC.

Just a friendly PSA for fellow gamblers.

k.
Welsh
Staff
Legendary
*
Offline Offline

Activity: 3262
Merit: 4110


View Profile
June 06, 2013, 05:57:25 PM
 #4

This is normally what happens, you feel you're on a winning streak and then BLAM! you lose everything. I hope you recover after this.
talnted
Full Member
***
Offline Offline

Activity: 236
Merit: 100


www.bitcoingem.com


View Profile WWW
June 06, 2013, 06:12:44 PM
 #5

Get em next time!

The Original and Most Popular Gem Game: www.bitcoingem.com
Over 800+ BTC Paid Out!  1110+ Buyers of the Gem!
kgbgk (OP)
Newbie
*
Offline Offline

Activity: 20
Merit: 0



View Profile
June 06, 2013, 06:58:11 PM
 #6

Luckily or unluckily my convenient method of transmitting fiat to a certain exchange has gone away so next time may be far away.
grue
Legendary
*
Offline Offline

Activity: 2058
Merit: 1431



View Profile
June 06, 2013, 08:51:50 PM
 #7

>2013
>playing negative EV games
did you fail high school math?

It is pitch black. You are likely to be eaten by a grue.

Adblock for annoying signature ads | Enhanced Merit UI
Kouye
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


Cuddling, censored, unicorn-shaped troll.


View Profile
June 06, 2013, 09:32:19 PM
 #8

>2013
>playing negative EV games
did you fail high school math?

As a tax paying worker, I thank all the people willing to pay a share of mine through national lotteries.
http://en.wikipedia.org/wiki/Lottery

They once were considered as a scam and forbidden in France, for example. Until the king understood it might be a good way to fund this melting treasure...  Smiley

Sorry for your loss, which was to be expected.


[OVER] RIDDLES 2nd edition --- this was claimed. Look out for 3rd edition!
I won't ever ask for a loan nor offer any escrow service. If I do, please consider my account as hacked.
nimda
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


0xFB0D8D1534241423


View Profile
June 06, 2013, 09:52:21 PM
 #9

As always, the best bet on SatoshiDICE is no bet. The second-best bet is the minimum on the best odds.
cp1
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500


Stop using branwallets


View Profile
June 06, 2013, 09:54:55 PM
 #10

I don't understand the draw of satoshi dice, and I'm a degenerate gambler.

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
giantdragon
Legendary
*
Offline Offline

Activity: 1582
Merit: 1002



View Profile
June 06, 2013, 10:00:35 PM
 #11

I hope you have learned lesson: never play with negative EV!
Zaih
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


View Profile
June 06, 2013, 10:21:31 PM
 #12

Only gamble what you can afford to lose, gambling should only ever be done for fun  Angry
darkmule
Legendary
*
Offline Offline

Activity: 1176
Merit: 1005



View Profile
June 06, 2013, 10:37:11 PM
 #13

Only gamble what you can afford to lose, gambling should only ever be done for fun  Angry

Or for profit, but only if you can actually make one.  There is no way of doing that at SatoshiDice.  The degenerates and the blockchain just take a hammering, the degenerates from losing and the blockchain from being spammed with worthless dust transactions.
Kouye
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


Cuddling, censored, unicorn-shaped troll.


View Profile
June 06, 2013, 10:48:04 PM
 #14

Or for profit, but only if you can actually make one.  There is no way of doing that at SatoshiDice and all its clones.  The degenerates and the blockchain just take a hammering, the degenerates from losing and the blockchain from being spammed with worthless dust transactions.

Whenever you gamble on SD or a clone, you GIVE THEM your BTC.
Keep doing that, and they'll hold 90% of the coins, making them useless.

Just buy stuff with your BTC instead of your $, please.

[OVER] RIDDLES 2nd edition --- this was claimed. Look out for 3rd edition!
I won't ever ask for a loan nor offer any escrow service. If I do, please consider my account as hacked.
Junko
Legendary
*
Offline Offline

Activity: 1512
Merit: 1000


View Profile
June 07, 2013, 02:33:08 AM
 #15

Sometimes the hard way is the best way to learn.
bit777
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
June 07, 2013, 02:47:49 AM
 #16

Learn BlackJack. A much more interactive game and proven to be beatable.
hasher87
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500



View Profile
June 07, 2013, 04:15:31 AM
 #17

Only gamble what you can afford to lose, gambling should only ever be done for fun  Angry
^what he said

I'll never gamble with btc that i bought for $$$, but instead i only used that i've gained via mining.

That shit went through an investment

ScottJD
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
June 07, 2013, 07:59:49 AM
 #18

I know the odds are alway stacked in the houses favour.

But I tried out Bitzino's BJ and just to mess around put in 1BTC, walked with 3BTC - Excellent.

Now to run with my winnings and never return. So i can say i have a lifetime win using BTC.

(Suppose its Karma for being scammed of 1 BTC by Hiddenoreo)
darkmule
Legendary
*
Offline Offline

Activity: 1176
Merit: 1005



View Profile
June 07, 2013, 07:19:11 PM
 #19

Learn BlackJack. A much more interactive game and proven to be beatable.

Not with basic strategy.  There are very few opportunities online for card counting at blackjack.  However, blackjack is a reliable game to play when clearing a bonus or when there is rakeback or something else active that brings your overall EV positive.  Even these are a lot less common than they used to be even a couple years ago.  It used to be quite possible to make a lot of money "bonus whoring" the various online casinos, but not as much these days.
Rampion
Legendary
*
Offline Offline

Activity: 1148
Merit: 1018


View Profile
June 07, 2013, 07:21:17 PM
 #20

>2013
>playing negative EV games
did you fail high school math?

THIS.

Come on guys. Don't be the dumb ones in the pack.

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!