For those thinking some bets are safe, read this

[emberbekas]

Pretty much reminds me of this:
https://www.reddit.com/r/Bitcoin/comments/1npmaq/highroller_loses_800k_with_allin_bet_on_justdice/

The guy "f*ckit" was betting 7016BTC with a win rate of 96.2%, so most of his rolls should of been a winner, basically out of 100 rolls, only 4 losses and he assumed it was safe and lost it all.

He seems like a long time early adopter because looking at his reaction he didn't really seem to care that much.

Using higher percentage like 96% or even more is a very bad strategy if we intend to do it in the long term. For sure it will give a higher chance to win with such percent, but once we got the loss one, we need to put higher bet to chase our previous loss and if prefer to chase it with flat betting, it would need some wins to make it even, let alone profit. Higher win of chance would be better if we use it only once or twice and then leave the game.

[shoreno]

If you want your money to double with low risks or a high probability of earning then that is called investment , not gambling. Gambling is for sure depends on luck and every bets are more likely to lose than to earn. There are also no market to based on and no volatility of prices. Its just a win or lose situation.

Gambling nowadays are now offering investments  and that is more better than regular investments because it is still related to gambling and you are also supporting your favorite gambling site .

 i agree on you when you said gambling based on luck but market volatility and market condition does have an effect to our profits .

About the safety of bets . sure there are safe bets  , they are the ones that smaller amounts or amounts that only you can afford to loose  

. bets that arent safe are the ones that is big enough  or you cannot afford anymore  .

[Betwrong]

Pretty much reminds me of this:
https://www.reddit.com/r/Bitcoin/comments/1npmaq/highroller_loses_800k_with_allin_bet_on_justdice/

The guy "f*ckit" was betting 7016BTC with a win rate of 96.2%, so most of his rolls should of been a winner, basically out of 100 rolls, only 4 losses and he assumed it was safe and lost it all.

He seems like a long time early adopter because looking at his reaction he didn't really seem to care that much.

It is most likely that he was an early adopter, so probably the loss wasn't so painful for him as we might think. Besides, the whole thing happened more than 5 years ago, when the price for 1 BTC was well below $200.($800K is still a big loss for anyone though).

Reading that reddit thread I came across this comment from user sporabolic:

go look up his account on bitcointalk he's old money

So I looked it up reading through dozens of his posts. The interesting part is that the guy, mechs, was actually one of the investors, and probably a team member, of the very site he lost so much on.

[jademaxsuy]

go look up his account on bitcointalk he's old money

So I looked it up reading through dozens of his posts. The interesting part is that the guy, mechs, was actually one of the investors, and probably a team member, of the very site he lost so much on.

However one could not just state a conclusion for just looking at his history posts. I bet he has also had foreseen the possibilities when he/she gambles. As far as I know that only few people are lucky with betting and the majority were just mere losers. So, those who were love to gamble would probably love to see themselves on the win sides. Besides, winning in gamble is like an addiction. You just wanted to win over and over and over gain. Yet, it is fate that will decide on your fortune on betting. If it is not meant for you then you will not getting on it.

[micher143]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it 

There is no really such safe bet because in the first place, taking or placing bet in a game is already taking risk whether you will have the privilege to win or not. It is just that lowering your bets will give you a low risk of losing lots of money if you have the self-control not to chase for the bet you have lost. The mistakes usually gamblers do is to take a big bet on a game to have a chance to gain a large feed back but do not really know the higher bets they placed, the higher risk is associated and that will lead to chasing their loss unlike putting small bets just for the sake of fun, low risk and low cost loss no need to chase because you have already give a shot to try. That is what I usually do whenever I play into an online casino wherein I just place small bets for the variety of games they have to play because my aim is just to keep myself entertained and that's all because I just frequently play if I am in the mood or during my vacant time maybe 2-3 times in a week just to still have proper moderation in my game play.

[JohnBitCo]

Pretty much reminds me of this:
https://www.reddit.com/r/Bitcoin/comments/1npmaq/highroller_loses_800k_with_allin_bet_on_justdice/

The guy "f*ckit" was betting 7016BTC with a win rate of 96.2%, so most of his rolls should of been a winner, basically out of 100 rolls, only 4 losses and he assumed it was safe and lost it all.

He seems like a long time early adopter because looking at his reaction he didn't really seem to care that much.

Using higher percentage like 96% or even more is a very bad strategy if we intend to do it in the long term. For sure it will give a higher chance to win with such percent, but once we got the loss one, we need to put higher bet to chase our previous loss and if prefer to chase it with flat betting, it would need some wins to make it even, let alone profit. Higher win of chance would be better if we use it only once or twice and then leave the game.

I am never in favor of betting with higher percentages. Those who do it are only greedy person who see big amount of money in case of win. But in reality if you bit with higher percentages, you will lose only and the chances of win are very tiny.

[gabmen]

Pretty much reminds me of this:
https://www.reddit.com/r/Bitcoin/comments/1npmaq/highroller_loses_800k_with_allin_bet_on_justdice/

The guy "f*ckit" was betting 7016BTC with a win rate of 96.2%, so most of his rolls should of been a winner, basically out of 100 rolls, only 4 losses and he assumed it was safe and lost it all.

He seems like a long time early adopter because looking at his reaction he didn't really seem to care that much.

Using higher percentage like 96% or even more is a very bad strategy if we intend to do it in the long term. For sure it will give a higher chance to win with such percent, but once we got the loss one, we need to put higher bet to chase our previous loss and if prefer to chase it with flat betting, it would need some wins to make it even, let alone profit. Higher win of chance would be better if we use it only once or twice and then leave the game.

I am never in favor of betting with higher percentages. Those who do it are only greedy person who see big amount of money in case of win. But in reality if you bit with higher percentages, you will lose only and the chances of win are very tiny.

Well with a high win percentage, i don't think the chances of winning are tiny. Though when you play dice, each roll is on it's own. There are times when it may happen that luck seems to be on your side but again, it doesn't make any difference that the next roll would still be 50/50.

[playboy654]

Absolutely nothing will be safe while we came to bet but trusting the untrusted sites will not be always a bad idea for everyone if we had a little bit trust then go with that will be the right way in gambling and it will be the more safer than this.

[Bagaji]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it 

Gambling has no definite direction, is either you loose your money or you win profit from your gambling activities and which is the truth. Although, I most confess that  the margin of winning is too small  which seems to be like a situation where almost everyone will loose.

[Oilacris]

Its never been safe when we do talk about gambling. No matter which strategy would you use there would be always the risk on losing money.When we do talk about
the word "safe" its 100% guaranteed win but this thing doesn't really exist on gambling, therefore we should not think up on this way because believing on such hope will just
break our expectations.

[Twinkledoe]

Its never been safe when we do talk about gambling. No matter which strategy would you use there would be always the risk on losing money.When we do talk about
the word "safe" its 100% guaranteed win but this thing doesn't really exist on gambling, therefore we should not think up on this way because believing on such hope will just
break our expectations.

Very true of what you just said. How can you determine if your bet is safe in the first place? Maybe, just gamble what you can afford to lose. Line used by thousand times by thousand people but it is true.

[Ucy]

"Low risk bet" to me sounds a bit strange in gambling world. Do you or any else here have examples of such gambling?

I do think that decentralized gambling can help reduce the risk by making things clear to the gamblers ,like their chances of winning  a bet  possibly coded on transparent and immutable platform

[Moiyah]

The best console to ourself is not to be too confident that our bet is safe. I mean, there's no such thing as that. You are risking your money here, that is why we cannot be so sure that in every gambling, there's a guarantee that you'll always win.
Got to visit the website. It is always updated in racing post. There is also a free bets that thr website are offering to attract viewers from signing up to them.

[crwth]

Having that outcome really is great especially that you know it’s possible but not all the time. It’s like winning in a lottery and getting you pumped up to do more betting and celebrating. For sure it wouldn’t happen all the time but the fact that it did, means a lot. You are lucky or not lucky at that round, it’s purely luck. Unless it’s planned.

[noormcs5]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it 

Gambling has no definite direction, is either you loose your money or you win profit from your gambling activities and which is the truth. Although, I most confess that  the margin of winning is too small  which seems to be like a situation where almost everyone will loose.

Even though the margin of wining is way too low, but if you are lucky enough to win, the winning percentage is also un matchable. You will not find any investment which can give you quick profit as gambling can reward you, provided you win.  For sure, gambling is not safe and there is always more chances that you will lose more than wining.

[bitcoinisbest]

Its never been safe when we do talk about gambling. No matter which strategy would you use there would be always the risk on losing money.When we do talk about
the word "safe" its 100% guaranteed win but this thing doesn't really exist on gambling, therefore we should not think up on this way because believing on such hope will just
break our expectations.

If things would have being that safe every one would just be interested in gambling and making money from it and would not have done anything else , as this would have being just the easiest way to make money for oneself. But unfortunate thing is that only certain percentage can make money from such things and rest just lose their money to others.

[Indrawan77]

I agree that there are no safe bet, no matter how big is your chances there will be slight chance that you can lose, gambling is not predictable at all, if there is a safe bet the casino will close down, I ever experienced a bad bet, the odds of winning is 1.01, its a badminton match between the champion and unknown player, but in the game the champion got injured and lose the game, so I definitely agree when people said that we can't always win the bet, no matter how great is your speculation skill

[mersal]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it 

yes you are right nothing will be safe here but we don't have any other choices also if you don't take any risk then the way of getting money is not possible so trusting something better than anything will be the good idea for everyone so I also keep doing that every time.

[TopTort777]

Can bet with coefficient 1.01 considered to be a safe or this is still a risky investment?  

I'have lost several times making a 1.01 bets, which I though were 100% win.

[pixie85]

Can bet with coefficient 1.01 considered to be a safe or this is still a risky investment?  

I'have lost several times making a 1.01 bets, which I though were 100% win.

Sure, it is risky. I usually tend to bet on the underdogs because the pay is so high that I can happily wage a low amount of money and never regret it like you never regret spending 1 dollar on a lottery ticket. You know you're playing against the odds and as long as you're ok with losing the bet can be called safe.