do you engage in bitcoin gambling?

[irpirate]

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

[1714062628]

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[1714062628]

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[Robin]

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

[BobMarley]

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]

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

peerbet? probly advertising

[kokojie]

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.

[SkRRJyTC]

Of course.

Its soooo easy.

[philip2000uk]

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.

[cdtc]

Sometimes but only for small amounts.

[gollum]

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

[beetcoin]

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]

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

It kind of forces gambling onto everybody.

[beetcoin]

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]

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

[niothor]

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]

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]

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

[lucaspm98]

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]

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]

Don't do it

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

[BitcoinAddicts]

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?

He is just lucky, if he gamble again and again im sure he will lose eventually...