Bitcoin Forum
November 21, 2017, 06:24:10 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: do you engage in bitcoin gambling?  (Read 2946 times)
roflmao129
Full Member
***
Offline Offline

Activity: 154



View Profile
November 04, 2013, 10:16:56 PM
 #21

one of my friends made 2.25 BTC just by gambling. he was using just dice. im thinking of using peer bet. do you think i should do it?. i dont have that many btc to loose anyway. do you gamble?

Be ready to use all you gamble for. Gambling is always negative expectation value. (Peerbet raffle is no edge? That would be expectation of 0.)

CΛVIΛR       CRYPTO & REAL ESTATE INVESTMENT FUND DIVERSIFICATION & CROWDFUNDING
[ PRE-ICONovember 28th ]     [     ICO    ▶  December 12th ]

▐ ██ ███ ████            TWITTER        ●        TELEGRAM        ●        REDDIT            ████ ███ ██ ▌
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511288650
Hero Member
*
Offline Offline

Posts: 1511288650

View Profile Personal Message (Offline)

Ignore
1511288650
Reply with quote  #2

1511288650
Report to moderator
1511288650
Hero Member
*
Offline Offline

Posts: 1511288650

View Profile Personal Message (Offline)

Ignore
1511288650
Reply with quote  #2

1511288650
Report to moderator
1511288650
Hero Member
*
Offline Offline

Posts: 1511288650

View Profile Personal Message (Offline)

Ignore
1511288650
Reply with quote  #2

1511288650
Report to moderator
irpirate
Jr. Member
*
Offline Offline

Activity: 56

I support MasterCoin. Do you?


View Profile
November 04, 2013, 10:23:30 PM
 #22

I gamble sometimes, but only what i can afford to lose  Wink.

BITCOIN CASINO BTC  30% DEPOSIT BONUS @ Bit777.com BTC Freebie Forum Thread! BTC
BITCOIN GAMBLING @ Peerbet.org ZERO HOUSE EDGE RAFFLES BTC 5 WHEELS OF FORTUNE! Forum Thread
Robin
Jr. Member
*
Offline Offline

Activity: 42


View Profile WWW
November 05, 2013, 02:57:01 PM
 #23

Why and how some sites manage to provide no edge bets... With EV=0, how do they make money ?  Lips sealed

BobMarley
Full Member
***
Offline Offline

Activity: 210


View Profile
November 05, 2013, 07:12:05 PM
 #24

I won over 100 BTC on SatoshiDice, then I stopped. It was very risky though, I was using a martingale scheme, and I nearly lost 200 BTC on one of the round, though my luck came thru and my last 100 BTC bet was a win.
what was the price when you did this, i seriously am worrying for you

BobMarley
Full Member
***
Offline Offline

Activity: 210


View Profile
November 05, 2013, 07:12:31 PM
 #25

Why and how some sites manage to provide no edge bets... With EV=0, how do they make money ?  Lips sealed
peerbet? probly advertising

kokojie
Legendary
*
Offline Offline

Activity: 1694



View Profile
November 12, 2013, 05:05:04 PM
 #26

I won over 100 BTC on SatoshiDice, then I stopped. It was very risky though, I was using a martingale scheme, and I nearly lost 200 BTC on one of the round, though my luck came thru and my last 100 BTC bet was a win.
what was the price when you did this, i seriously am worrying for you

hah, yeah thanks, it was when bitcoin was $10 each, so wasn't a huge deal to lose 200 BTC.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
SkRRJyTC
Legendary
*
Offline Offline

Activity: 1008


View Profile
November 12, 2013, 07:40:44 PM
 #27

Of course.

Its soooo easy.
philip2000uk
Sr. Member
****
Offline Offline

Activity: 247


View Profile WWW
November 12, 2013, 07:51:32 PM
 #28

I was gambling UK Cash in online markets.  Live Betting on football, I would try strategically to not lose either way like betting over under 2.5 goals and waiting to bet over 2.5 goals.
If I did that right then i'd win 0.5 worth.  It used to be ok but then you get bored and you click tennis and try to do the same by betting under and over how many games.  Then you lose and you get annoyed then you do another tennis because it's a high return then you lose then you put more money in.  Then you bet on football team to win at 100.00 lol...it's really bad.  Mostly I deposited the odd 10 pounds but that led up to 3,000 pound worth over 2 years.  All Lost money that is.

It's not worth it no matter what strategy you think you have.

Leather girls identity film2 on youtube and website link i accept bitcoin Smiley
cdtc
Full Member
***
Offline Offline

Activity: 224


View Profile
November 12, 2013, 10:12:17 PM
 #29

Sometimes but only for small amounts.
gollum
Sr. Member
****
Offline Offline

Activity: 434


In Hashrate We Trust!


View Profile
November 12, 2013, 11:11:12 PM
 #30

Buying Bitcoin with your dollars is a gamble itself because of the volatile BTC/USD price...
beetcoin
Sr. Member
****
Offline Offline

Activity: 434


View Profile
November 13, 2013, 05:08:56 AM
 #31

i only gamble if i am good enough to win more than i lose.. so i don't gamble. gambling, for most people at least, is illogical. i rather just hold onto my coins.. that in of itself is a big enough gamble already.
WinVery.com
Full Member
***
Offline Offline

Activity: 238


Winvery Casino


View Profile WWW
November 13, 2013, 07:59:57 AM
 #32

Buying Bitcoin with your dollars is a gamble itself because of the volatile BTC/USD price...

It kind of forces gambling onto everybody.

beetcoin
Sr. Member
****
Offline Offline

Activity: 434


View Profile
November 13, 2013, 08:02:53 AM
 #33

it's amazing to me how readily willing people are to waste their money. i once sold a DVD (for a friend) on ebay called something like "manage your debt and build your wealth" .. it was a crock of bullshit, sold by a scam artist who exploit your fears.

the account name who purchased the DVD from me was something along the lines of "wastingmoney@yahoo.com." i found it funny that i couldn't figure out if the buyer was a guy who liked to by random things (and waste his money), or a guy who wasted so much money that he thought he had to buy some scammy DVD.
Robin
Jr. Member
*
Offline Offline

Activity: 42


View Profile WWW
November 13, 2013, 08:59:21 AM
 #34

If you consider buying GHS and getting free bitcoins is gambling, yes, I'm gambling. I prefer to say I'm investing Smiley

niothor
Hero Member
*****
Offline Offline

Activity: 546


Niothor


View Profile WWW
November 13, 2013, 09:01:51 AM
 #35

Expect to lose in the long run unlike you are the kind that can win and never play again

In the long run, only the operators make money provably fair or otherwise


Do you realize what are saying while you have a signature advertising a gambling website? =))))))))))))))))))

AuroraHF
Sr. Member
****
Offline Offline

Activity: 476


View Profile
November 13, 2013, 09:06:19 AM
 #36

I won over 100 BTC on SatoshiDice, then I stopped. It was very risky though, I was using a martingale scheme, and I nearly lost 200 BTC on one of the round, though my luck came thru and my last 100 BTC bet was a win.

Congratulations on that. I gambled on SatoshiMine, won 0.12 but blew it away later on.
b!z
Legendary
*
Offline Offline

Activity: 1568



View Profile
November 15, 2013, 10:06:40 AM
 #37

Yes, it is a good way to have fun, while spending a bit of money. You could win a big jackpot, or get lucky with a dice roll when bitcoin gambling Smiley
lucaspm98
Sr. Member
****
Offline Offline

Activity: 280


View Profile
November 15, 2013, 11:42:35 AM
 #38

Expect to lose in the long run unlike you are the kind that can win and never play again

In the long run, only the operators make money provably fair or otherwise


Do you realize what are saying while you have a signature advertising a gambling website? =))))))))))))))))))
That doesn't mean he gambles himself... Or even cares that the operators make money, like I said early just do it strictly for entertainment not for a profit or you will be dissapointed.
kwoody
Sr. Member
****
Offline Offline

Activity: 454


Technology and Women. Amazing.


View Profile
November 15, 2013, 12:17:30 PM
 #39

Rules of Gambling:

1)  Only bet what what you can afford to lose
2)  Placing larger, less frequent bets where the odds are in your favor, is almost always better than placing smaller, very frequent bets that you're likely to never win. Satoshi Dice's 73.5% win chance, 1.335x payout is a good example.
3)  The only way to win at gambling, and truely "beat the house", is to quit while you're ahead. Eventually, the house edge will beat you.

I'm up about 21 BTC on satoshi dice, and will never go back.
Sindelar1938
Hero Member
*****
Offline Offline

Activity: 490


View Profile
November 15, 2013, 12:31:34 PM
 #40

Don't do it

In the long run you will lose money, that's a virtual certainty


Pages: « 1 [2] 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!