bustabit – The original crash game

[xxjumperxx]

Chasing losses is the  beginning of the end, imagine restarting the same old loss circle several times during month
Wish there was no revenge feeling on our body cells or to temporarily froze the emotions on gambling...

I catch myself chassing losses all the time, not so much in BAB. -> it has always failed!
But much more during Sportsbetting. I have gotten better and that has had a positive effect on my BR

[Emitdama]

.....
Thats why its called gambling and not investing.  
Why do you think there is place called vegas, well because people like to gamble. They like to dream to win big money and its for entertainment.
Investing is a different topic and not even remotely comparable to Gambling.

On point.

It fascinates me when casual gamblers or the so called "small fish" criticizes the gambling habits and strategies of these high rollers then recommends what they should or shouldn't do.

Yep, it's the whale's money after all and they decide best what to do with them. I also find it kinda funny that people get mad at the "small fish" in the chat who start giving advice whenever a whale is betting. It's all human psychology and happens everywhere both in the online and offline world. Doesn't matter if it's an "advice" or "critique" or whatever, these "small fish" will always follow the whale until he's relevant. And since WangTang_v2's loss is still a hot topic, here is a video of his graph before he deleted the account: https://www.youtube.com/watch?v=1Ac-0_CrHGI

I doubt that "small fish" giving advice could be anything bad, there are tons of people who are interested in finances and actually do very well with what they but unfortunately they do not have a decent income so they can't save much and that is why they can't do much for themselves and stay as a small fish but the reality is that they are actually good at what they are doing with the small amount they have.

Not all whales are smart about money neither, wang is a great example of this by losing hundreds of bitcoins in few minutes only, does that sound like something we can say "well it is his money, he can do whatever he wants" , well doing whatever he wants made him lose hundreds of coins which is a sure fire way to say he shouldn't have done whatever he wanted.

[Yogee]

.....
And since WangTang_v2's loss is still a hot topic, here is a video of his graph before he deleted the account: https://www.youtube.com/watch?v=1Ac-0_CrHGI

Damn! That's all I can say.

......
I doubt that "small fish" giving advice could be anything bad, there are tons of people who are interested in finances and actually do very well with what they but unfortunately they do not have a decent income so they can't save much and that is why they can't do much for themselves and stay as a small fish but the reality is that they are actually good at what they are doing with the small amount they have.

There's a reason why small fish remain small. Talking is one thing, putting money where your mouth is another. You see a lot of these financial advisors in the field of investments but how many of them are actually applying what they say? They talk about growing money from small investments but they can't do it themselves [particularly true with the bolded part].

Not all whales are smart about money neither, wang is a great example of this by losing hundreds of bitcoins in few minutes only, does that sound like something we can say "well it is his money, he can do whatever he wants" , well doing whatever he wants made him lose hundreds of coins which is a sure fire way to say he shouldn't have done whatever he wanted.

Hehe. Really fascinating.

[NotATether]

Regardless of investments and possible way to try to recoup the losses I think losing that amount of money (whether in Bitcoin or $4.5 million cash) is a huge blow to anybody. It must have a negative effect on the psyche. I think very few people would bet over $4 million at online casinos using a payment card or even by cash at the table at a top casino so why would someone bet it online using Bitcoin?

That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.

Considering how most casinos have wagering limits per bet, usually 10BTC or such, I’m pretty surprised that Bustabit has no wagering limits of its own (based on what I read on the last few pages of this thread, as I never played there).

It’s actually risky for casinos to allow such high bets, because several of these bets made at the same time win large amounts of BTC and normal odds could bankrupt the casinos if they all win. Limits are put in place so whales can’t make huge bets like that for which the casino may not have enough liquidity for paying out and still have enough money to cover operating expenses of the rest of the bets for the day.

[JollyGood]

The risk is definitely there for online casinos and gambling websites if there is a massive win but it also has plenty of problems for gamblers too. With almost no checks and balances in place to cap the amounts being bet by individuals it does create moral and ethical issues as I mentioned in my previous post.

I wonder if devans would consider adding some of cap to amount any given user could bet within a certain period such as 24 hours or 7 days or calendar month and regardless of whether it is considered it would be valuable feedback to hear from devans about his views on placing caps on user bets in general.

Regardless of investments and possible way to try to recoup the losses I think losing that amount of money (whether in Bitcoin or $4.5 million cash) is a huge blow to anybody. It must have a negative effect on the psyche. I think very few people would bet over $4 million at online casinos using a payment card or even by cash at the table at a top casino so why would someone bet it online using Bitcoin?

That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.

Considering how most casinos have wagering limits per bet, usually 10BTC or such, I’m pretty surprised that Bustabit has no wagering limits of its own (based on what I read on the last few pages of this thread, as I never played there).

It’s actually risky for casinos to allow such high bets, because several of these bets made at the same time win large amounts of BTC and normal odds could bankrupt the casinos if they all win. Limits are put in place so whales can’t make huge bets like that for which the casino may not have enough liquidity for paying out and still have enough money to cover operating expenses of the rest of the bets for the day.

[StackGambler]

In case other people are wondering, there are reports from 10+ users in my server that bustabit is down / not connecting

Edit: it's back up now

[StackGambler]

The risk is definitely there for online casinos and gambling websites if there is a massive win but it also has plenty of problems for gamblers too. With almost no checks and balances in place to cap the amounts being bet by individuals it does create moral and ethical issues as I mentioned in my previous post.

I wonder if devans would consider adding some of cap to amount any given user could bet within a certain period such as 24 hours or 7 days or calendar month and regardless of whether it is considered it would be valuable feedback to hear from devans about his views on placing caps on user bets in general.

Regardless of investments and possible way to try to recoup the losses I think losing that amount of money (whether in Bitcoin or $4.5 million cash) is a huge blow to anybody. It must have a negative effect on the psyche. I think very few people would bet over $4 million at online casinos using a payment card or even by cash at the table at a top casino so why would someone bet it online using Bitcoin?

That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.

Considering how most casinos have wagering limits per bet, usually 10BTC or such, I’m pretty surprised that Bustabit has no wagering limits of its own (based on what I read on the last few pages of this thread, as I never played there).

It’s actually risky for casinos to allow such high bets, because several of these bets made at the same time win large amounts of BTC and normal odds could bankrupt the casinos if they all win. Limits are put in place so whales can’t make huge bets like that for which the casino may not have enough liquidity for paying out and still have enough money to cover operating expenses of the rest of the bets for the day.

Why on earth would a casino limit bets when its entire purpose is to maximize wagered volume?

Also, there is a check in place, it's called a round max profit which is Kelly compliant

[janggernaut]

You know what guys? WangTangV2 is back! He is registered on new account with nick WangTang_V6




Get ready, bustabit investor  

[xxjumperxx]

You know what guys? WangTangV2 is back! He is registered on new account with nick WangTang_V6

Get ready, bustabit investor  

Surprise Surprise! 
I was expecting to be back but not this quick!

Lets see what he can do this time around! 

[hopenotlate]

You know what guys? WangTangV2 is back! He is registered on new account with nick WangTang_V6

Get ready, bustabit investor  

Best of luck he deserves some to recover a bit (assuming he is same.one as wangtang V2).
Going to buy some popcorn and enjoy the action : it really amazes me.

[numanoid]

Not sure if that's real wang. That person could be just another impersonator who use similar name with wangtangv2. Real wang were often bet 10, 50, 70, 100, and even 300 bitcoins while that guy only bet much smaller than wangv2 before

[GamblingSiteFinder]

It'd be a really cool leaderboard feature to see the largest tips or most generous tippers of all-time on Bustabit.

[beerlover]

Oh come ooonn!! Wang Tang should leave and not gamble anymore, I don't care if he ends up with 1000+ bitcoin profit this time around, obviously dude has a problem and he is not doing well in mindset, you just lost 300+ bitcoins (total of 600+ or so with how much he was profiting) and you are coming back?

I think there should be some sort of help sent on its way to stop him from gambling, this dude could literally lose another few hundred bitcoin and if not stopped this dude could lose all of his money forever. He doesn't seem to be stopping at 300+ so who could say where he will stop, you can't guarantee him stopping at the last dollar, he could go as much as being in debt after losing thousands of bitcoins. This is not healthy and I am very scared for him.

[toast]

You know what guys? WangTangV2 is back! He is registered on new account with nick WangTang_V6

Get ready, bustabit investor  

he goes back real soon it looks like he's ready to take back his recent btc losses. i thought he deleted his account for good but it looks like he delete it and create a new account just to make a new start, looks like everyone's are watching for his come back.

[pungopete468]

I think Wangtang is ready for war again let's see how much he'll gain this time let's see if this new account of Wangtang would be lucky. How many account does Wangtang already have? it seems that its v6? maybe some users already created 3,4 and 5.

[jostorres]

Regardless of investments and possible way to try to recoup the losses I think losing that amount of money (whether in Bitcoin or $4.5 million cash) is a huge blow to anybody. It must have a negative effect on the psyche. I think very few people would bet over $4 million at online casinos using a payment card or even by cash at the table at a top casino so why would someone bet it online using Bitcoin?

That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.

I never understood the logic of putting the burden of control to casinos when they are there to literally make money and not to help you out. I never understood the logic of "ban me from your casino because I am a gambling addict" type of idea neither, I understand that it is an ethical thing to do but frankly if I own a casino and there is a gambling addict that keeps losing all his money to me, isn't that great for me as the casino?

I opened this business so people would gamble and lose their money to me, why would I ban them for doing literally what I want them to do? Same goes here, why cap them? Let them lose 100 btc, 300 btc, 500 btc, 10000 btc doesn't matter how much, if they are screwing their own life that is on them, I am here to let them gamble and hope they lose everything they have, why did I started a casino if I do not want gamblers to gamble?

[StackGambler]

It'd be a really cool leaderboard feature to see the largest tips or most generous tippers of all-time on Bustabit.

The largest rain I've seen was when known scammer and banned bustabit user Enzo rained 1 BTC on 4 people

[xxjumperxx]

It'd be a really cool leaderboard feature to see the largest tips or most generous tippers of all-time on Bustabit.

The largest rain I've seen was when known scammer and banned bustabit user Enzo rained 1 BTC on 4 people

1btc on 4 people... holy moly! :O

Why did he get banned on Bustabit? Were the bitcoins he was raining/owned scammed from other people?

[numanoid]

It'd be a really cool leaderboard feature to see the largest tips or most generous tippers of all-time on Bustabit.

The largest rain I've seen was when known scammer and banned bustabit user Enzo rained 1 BTC on 4 people

when exactly it was happened? if that rain was happened when bitcoin was only worth $200 or $300, it's still not too big.
But if that happened when bitcoin worth around $10k, what lucky users of those 4 people

[vbond]

Game #3920903 BUSTED AT: 1.24x 94782832d7ab76f1296fe2056a4333c186ccd23d2c3746b8e0fb6cd5ae5fc407

for monitoring

Game #3920927
BUSTED AT: 1.57x
601f5c6927b07e94418536c3d04b9a939d6c1c5243fc44fcbb124ac46560f5bc

Game #3920942
BUSTED AT: 1.49x  8b2ae8ca1c8d588187a36af4047ebb5a41c45a70c46af45bd7301879e776b177

Game #3920958
BUSTED AT: 1.57x 464c690964f659cd31384ea538ca119e5834ad1162f930fed28e875f39225813