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Author Topic: dont gamble at dice games  (Read 1518 times)
ur0pl (OP)
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August 11, 2013, 06:29:13 AM
 #1

I played satoshi dice, prime dice, and coindice

each of those companies  have larger bankrolls than you do, so they can play as long as you can, but you most likely would play until you lose... otherwise you would think you are not capitalizing on your potential.

gambling at those games is a loser market.

It is better to trade ltc to btc to alt coin and back. that is a better way to make money -- trading coins.
Nutnut
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August 11, 2013, 11:08:12 AM
 #2

Gambling with anything usually results in losses.  Wink

favdesu
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August 11, 2013, 11:14:36 AM
 #3

indeed, you can only lose. however, I see some people actually make profit on http://just-dice.com

Cyberdyne
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August 11, 2013, 11:16:11 AM
 #4

If anyone wants to ignore the OP, Bitcoin Dice has many dice games listed Wink
Lethn
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August 11, 2013, 11:18:13 AM
 #5

indeed, you can only lose. however, I see some people actually make profit on http://just-dice.com

And that's how they get you Tongue making you think you have a chance of winning by showing off other peoples winnings without pointing out the odds to you. I admit, I've put in a fraction of a Bitcoin or two onto Bitmillions but that's about it, I know when to quit, gamblings okay if you do it for fun but if you genuinely believe you're going to make money off it you're fucked.
godkas
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August 11, 2013, 12:39:12 PM
 #6

While a casino will not tell you NOT to gamble. Play responsibly and most importantly have fun Smiley

romsa9
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August 11, 2013, 03:57:59 PM
 #7

I played satoshi dice, prime dice, and coindice

each of those companies  have larger bankrolls than you do, so they can play as long as you can, but you most likely would play until you lose... otherwise you would think you are not capitalizing on your potential.

gambling at those games is a loser market.

It is better to trade ltc to btc to alt coin and back. that is a better way to make money -- trading coins.

I was inspired by this same exact observation to make a pure-skill bitcoin gaming site (www.bitstrat.com). Gambling on chance games only ends in disappointment in the long-run.
jacktarli
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August 11, 2013, 04:17:46 PM
 #8

You can make money on these games but very little. If you have ever played before you would have noticed that the game lets you win at the start but if you keep playing you will lose everything, that's how they make their money. The key is to win at the start and then withdraw your coins before you start loosing big. When you withdraw don't use the same account again because the chances are that you will lose all. Instead make a new one and do the same thing.

This still does not guarantee that everything will always go as planned but it usually does, at least for me  Wink
Birdy
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August 11, 2013, 04:43:26 PM
 #9

I played satoshi dice, prime dice, and coindice

each of those companies  have larger bankrolls than you do, so they can play as long as you can, but you most likely would play until you lose... otherwise you would think you are not capitalizing on your potential.

gambling at those games is a loser market.

It is better to trade ltc to btc to alt coin and back. that is a better way to make money -- trading coins.

You are blaming gambling and then suggesting alt coin daytrading, which kinda is gambling.
What to think of this? I will leave it up to you dear reader Smiley .
BitGlory
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August 11, 2013, 05:02:42 PM
 #10

Remeber that the first rule of successful gambling is to not gamble at all, or at least, is to gamble the money you are willing and can afford to lose
I tried the first and I can assure that it works Wink

Mooshire
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August 11, 2013, 05:48:44 PM
 #11

If anyone wants to ignore the OP, Bitcoin Dice has many dice games listed Wink


I lol'd

HollowIP
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August 11, 2013, 05:54:33 PM
 #12

"I can't gamble so you shouldn't either, instead do this other form of gambling."

I think most people that gamble are aware of the house edge and the idea that house always wins..overall.
However, let people do what they want to. It's their money and their lives. Perhaps someone doesn't like the idea of trading shady alt coins.

I don't care who you are, that's still a form of gambling, and i'm pretty damn sure that wagering 1btc for double profit and winning is a lot more profitable than trading alt coins.

To each their own.

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xanto
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August 11, 2013, 06:12:56 PM
 #13

Gambling is a recipe for disaster, I can confirm that after losing 16BTC on Just-Dice.
Noogsy
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August 11, 2013, 06:43:16 PM
 #14

I can totally agree with that.
Lost quite a few coins before i quit it.
 
Its like "I can't loose a 50% chance 5 times in a row... Ooh damn! Yes I can."
And the precious coins are gone.

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thy
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August 11, 2013, 07:23:18 PM
 #15

ur0pl, your advise is good of course to not gamble at dice sites(or any oher gambling sites at all for that matter). But if people want to gamble, a site with house edge of only 1% or so(like some dicegames have) is of course to prefer compared to landbased gamblin/casinos for example that might have houseedges of 5-10-20%.

conradoo
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August 11, 2013, 08:23:22 PM
 #16

You can make money on these games but very little. If you have ever played before you would have noticed that the game lets you win at the start but if you keep playing you will lose everything, that's how they make their money. The key is to win at the start and then withdraw your coins before you start loosing big. When you withdraw don't use the same account again because the chances are that you will lose all. Instead make a new one and do the same thing.

This still does not guarantee that everything will always go as planned but it usually does, at least for me  Wink

Sorry dude but it is bullshit. You just had luck. This is not how it works. Casino has an edge - few % for each game. For example in roulette green 0 is casino's edge. When enough players gamble statistically a casino will always win (in a long run) because of edge/rake.
alp
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August 11, 2013, 08:37:42 PM
 #17

I played satoshi dice, prime dice, and coindice

each of those companies  have larger bankrolls than you do, so they can play as long as you can, but you most likely would play until you lose... otherwise you would think you are not capitalizing on your potential.

gambling at those games is a loser market.

It is better to trade ltc to btc to alt coin and back. that is a better way to make money -- trading coins.

HEY GAIS, DONT PLAY CRAPS, ITS FOR SUCKERS.  INSTEAD, PLAY ROULETTE!

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ur0pl (OP)
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August 12, 2013, 08:47:12 AM
 #18

Trading coins back and forth in exchanges is not gambling. Trading stocks is not gambling. Trading in forex is not gambling. People trade based on news/fundamentals or technicals/charts or both. They make informed decisions, not coin flip luck.
ElectricCoin
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August 12, 2013, 09:39:18 AM
 #19

Does anyone plays dice game anymore? You will definitely lose! Otherwise how could they profit?
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August 12, 2013, 11:24:28 AM
 #20

I was inspired by this same exact observation to make a pure-skill bitcoin gaming site Gambling on chance games only ends in disappointment in the long-run.  I totally agree with this all its not a game just lost  Smiley

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