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[everydice]

Max Win is now increased to 0.6 BTC Thanks to new investors

[everydice]

Nice, now I can play martingale starting from tiny amount.

It's 0.65 BTC now

[RGBKey]

Nice, now I can play martingale starting from tiny amount.

It's 0.65 BTC now

Room for another double now. 0.01, 0.02, 0.04, 0.08, 0.16, 0.32, 0.64

[FUR11]

Nice, now I can play martingale starting from tiny amount.

It's 0.65 BTC now

Room for another double now. 0.01, 0.02, 0.04, 0.08, 0.16, 0.32, 0.64

Better start from a smaller number like 0.00125.

I say just cut out the middle man and start betting .64 right away.

[nahtnam]

Nice, now I can play martingale starting from tiny amount.

It's 0.65 BTC now

Room for another double now. 0.01, 0.02, 0.04, 0.08, 0.16, 0.32, 0.64

Better start from a smaller number like 0.00125.

I say just cut out the middle man and start betting .64 right away.

Haha...

[thecoinjournal]

The bankroll is still low. Is it possible for some one will a lot of BTCs to win a lot from the casino?

[uptweets]

So unlucky...

[nahtnam]

So unlucky...

It happens.

[everydice]

The bankroll is still low. Is it possible for some one will a lot of BTCs to win a lot from the casino?

Hi thecoinjournal, what do you mean by will a lot of BTCs? 

So unlucky...

That's where the fun is How much is your current luck meter Dan?

[uptweets]

My lucky meter is 100%. Actually I fount it's quite hard to lose money with the hourly 0.001 BTC reward. Thank you for the giveaway!

[shitaifan2013]

The bankroll is still low. Is it possible for some one will a lot of BTCs to win a lot from the casino?

Hi thecoinjournal, what do you mean by will a lot of BTCs?  

probably a typo, he meant "wiTH a lot of BTCs...".

and yes it is possible, if a players bankroll is big enough compared to the site ones, he can actually fuck the house.

read up on the nakowa story at just-dice if you're interested in that.

never underestimate variance and a huge bankroll  

edit: i messed up that quote thing somehow...

[FUR11]

The bankroll is still low. Is it possible for some one will a lot of BTCs to win a lot from the casino?

Hi thecoinjournal, what do you mean by will a lot of BTCs?  

probably a typo, he meant "wiTH a lot of BTCs...".

and yes it is possible, if a players bankroll is big enough compared to the site ones, he can actually fuck the house.

read up on the nakowa story at just-dice if you're interested in that.

never underestimate variance and a huge bankroll  

edit: i messed up that quote thing somehow...

Fuck the house in terms of "wow that's a large number", maybe.  But with a 1% house BR max win they really can't do that much damage (statistically, obviously someone can just max bet and go on a huge heater), compared to the total house BR.

[shitaifan2013]

The bankroll is still low. Is it possible for some one will a lot of BTCs to win a lot from the casino?

Hi thecoinjournal, what do you mean by will a lot of BTCs?  

probably a typo, he meant "wiTH a lot of BTCs...".

and yes it is possible, if a players bankroll is big enough compared to the site ones, he can actually fuck the house.

read up on the nakowa story at just-dice if you're interested in that.

never underestimate variance and a huge bankroll  

edit: i messed up that quote thing somehow...

Fuck the house in terms of "wow that's a large number", maybe.  But with a 1% house BR max win they really can't do that much damage (statistically, obviously someone can just max bet and go on a huge heater), compared to the total house BR.

did you read up on the nakowa story? you might wanna check out JD's site profit and then think over what you just wrote 

[FUR11]

The bankroll is still low. Is it possible for some one will a lot of BTCs to win a lot from the casino?

Hi thecoinjournal, what do you mean by will a lot of BTCs?  

probably a typo, he meant "wiTH a lot of BTCs...".

and yes it is possible, if a players bankroll is big enough compared to the site ones, he can actually fuck the house.

read up on the nakowa story at just-dice if you're interested in that.

never underestimate variance and a huge bankroll  

edit: i messed up that quote thing somehow...

Fuck the house in terms of "wow that's a large number", maybe.  But with a 1% house BR max win they really can't do that much damage (statistically, obviously someone can just max bet and go on a huge heater), compared to the total house BR.

did you read up on the nakowa story? you might wanna check out JD's site profit and then think over what you just wrote 

Yeah, I agree with you, he won a bunch, but like I said that's the risk of gambling.  You can lose money, even if you are the house.  My point was that "site profit" is very different from "house bankroll".  The site profit was -2k but the house BR was still over 33k.  The house has the ability to wait out lucky streaks from big gamblers because it has the edge AND the bankroll and is able to dictate the terms (ie max bet).  Sometimes the gambler wins, that's whats so damn fun about it. 

The recent Lika runs are a perfect example.  He was up huge and then lost it all back and now the site is at it's highest ever profit.  Another great example is Archie Karas.  He won 100 million in Vegas playing predominately pit games...and then lost it all back.  So you can certainly hurt the house temporarily, for a figure that is quite impressive when you compare it to regular people's bank accounts...but compared to the amount of money that the house has, it's not that large.

[everydice]

My lucky meter is 100%. Actually I fount it's quite hard to lose money with the hourly 0.001 BTC reward. Thank you for the giveaway!

Ah I see.. Your welcome! You deserved it Dan

The bankroll is still low. Is it possible for some one will a lot of BTCs to win a lot from the casino?

Hi thecoinjournal, what do you mean by will a lot of BTCs?  

probably a typo, he meant "wiTH a lot of BTCs...".

and yes it is possible, if a players bankroll is big enough compared to the site ones, he can actually fuck the house.

read up on the nakowa story at just-dice if you're interested in that.

never underestimate variance and a huge bankroll  

edit: i messed up that quote thing somehow...

Ah I see, I got it

Hmm, Nakowa story is quite interesting. I agree with you that it is a battle between variance + huge bankroll vs. the house edge. I see bitcoin dice game this way:

• House: Receive lot numbers of bets and wagers because of the near instant result, mathematically house edge will take over variance. Profit should be more or less around wager * house edge, but theoretically not far.
• Players: Benefits from high variance because of the very low house edge compared to offline casino

The case of Nakowa will be very very difficult to happen in real world casino with higher house edge, but in this bitcoin dice with lower house edge it might be possible if the site's get unlucky. However JD still has positive profit even after Nakowa won high percentage of total BR, this is house edge effect. I wonder, if we take out Nakowa's winning, how much is the site's profit.

[shitaifan2013]

The bankroll is still low. Is it possible for some one will a lot of BTCs to win a lot from the casino?

Hi thecoinjournal, what do you mean by will a lot of BTCs?  

probably a typo, he meant "wiTH a lot of BTCs...".

and yes it is possible, if a players bankroll is big enough compared to the site ones, he can actually fuck the house.

read up on the nakowa story at just-dice if you're interested in that.

never underestimate variance and a huge bankroll  

edit: i messed up that quote thing somehow...

Fuck the house in terms of "wow that's a large number", maybe.  But with a 1% house BR max win they really can't do that much damage (statistically, obviously someone can just max bet and go on a huge heater), compared to the total house BR.

did you read up on the nakowa story? you might wanna check out JD's site profit and then think over what you just wrote 

Yeah, I agree with you, he won a bunch, but like I said that's the risk of gambling.  You can lose money, even if you are the house.  My point was that "site profit" is very different from "house bankroll".  The site profit was -2k but the house BR was still over 33k.  The house has the ability to wait out lucky streaks from big gamblers because it has the edge AND the bankroll and is able to dictate the terms (ie max bet).  Sometimes the gambler wins, that's whats so damn fun about it. 

The recent Lika runs are a perfect example.  He was up huge and then lost it all back and now the site is at it's highest ever profit.  Another great example is Archie Karas.  He won 100 million in Vegas playing predominately pit games...and then lost it all back.  So you can certainly hurt the house temporarily, for a figure that is quite impressive when you compare it to regular people's bank accounts...but compared to the amount of money that the house has, it's not that large.

i guess we agree on most points then   but i just wanted to add that nakowa is the only whale i know who "forced" a casino to reduce it's max profit.

ps: thanks for that archie karas hint, i will read up on that topic!

[shitaifan2013]

My lucky meter is 100%. Actually I fount it's quite hard to lose money with the hourly 0.001 BTC reward. Thank you for the giveaway!

Ah I see.. Your welcome! You deserved it Dan

The bankroll is still low. Is it possible for some one will a lot of BTCs to win a lot from the casino?

Hi thecoinjournal, what do you mean by will a lot of BTCs?  

probably a typo, he meant "wiTH a lot of BTCs...".

and yes it is possible, if a players bankroll is big enough compared to the site ones, he can actually fuck the house.

read up on the nakowa story at just-dice if you're interested in that.

never underestimate variance and a huge bankroll  

edit: i messed up that quote thing somehow...

Ah I see, I got it

Hmm, Nakowa story is quite interesting. I agree with you that it is a battle between variance + huge bankroll vs. the house edge. I see bitcoin dice game this way:

• House: Receive lot numbers of bets and wagers because of the near instant result, mathematically house edge will take over variance. Profit should be more or less around wager * house edge, but theoretically not far.
• Players: Benefits from high variance because of the very low house edge compared to offline casino

The case of Nakowa will be very very difficult to happen in real world casino with higher house edge, but in this bitcoin dice with lower house edge it might be possible if the site's get unlucky. However JD still has positive profit even after Nakowa won high percentage of total BR, this is house edge effect. I wonder, if we take out Nakowa's winning, how much is the site's profit.

i think doog had a lengthy and really interesting discussion about  site profit with/without nakowa in the JD thread, but my search-fu skills suck atm, maybe someone else is able to find it 

[everydice]

My lucky meter is 100%. Actually I fount it's quite hard to lose money with the hourly 0.001 BTC reward. Thank you for the giveaway!

Ah I see.. Your welcome! You deserved it Dan

The bankroll is still low. Is it possible for some one will a lot of BTCs to win a lot from the casino?

Hi thecoinjournal, what do you mean by will a lot of BTCs?  

probably a typo, he meant "wiTH a lot of BTCs...".

and yes it is possible, if a players bankroll is big enough compared to the site ones, he can actually fuck the house.

read up on the nakowa story at just-dice if you're interested in that.

never underestimate variance and a huge bankroll  

edit: i messed up that quote thing somehow...

Ah I see, I got it

Hmm, Nakowa story is quite interesting. I agree with you that it is a battle between variance + huge bankroll vs. the house edge. I see bitcoin dice game this way:

• House: Receive lot numbers of bets and wagers because of the near instant result, mathematically house edge will take over variance. Profit should be more or less around wager * house edge, but theoretically not far.
• Players: Benefits from high variance because of the very low house edge compared to offline casino

The case of Nakowa will be very very difficult to happen in real world casino with higher house edge, but in this bitcoin dice with lower house edge it might be possible if the site's get unlucky. However JD still has positive profit even after Nakowa won high percentage of total BR, this is house edge effect. I wonder, if we take out Nakowa's winning, how much is the site's profit.

i think doog had a lengthy and really interesting discussion about  site profit with/without nakowa in the JD thread, but my search-fu skills suck atm, maybe someone else is able to find it  

Woah, I think I missed that one, thanks for pointing out Shitaifan. Will search for it

[shitaifan2013]

ha, found one of the posts covering that topic, but I'm pretty sure there is more 

https://bitcointalk.org/index.php?topic=242962.msg4888674#msg4888674

[FUR11]

The case of Nakowa will be very very difficult to happen in real world casino with higher house edge

Actually, if we take the traditional 1% house edge found in many btc dice games, that's higher then virtually all casino blackjack tables, craps (assuming you take max odds), and virtually all decent video poker machines.  It's about the same as baccarat.  

I wonder, if we take out Nakowa's winning, how much is the site's profit.

That's a really good question, because his total profit hurt the site (although I've read that he's since given at least some back), but the exposure that they got certainly helped the site.  Personally, I'm of the opinion that a massive gambler like that probably isn't going to just walk away, so in the long run it's probably hugely beneficial for them.