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Author Topic: Have you ever looked at how much you have wagered with a hanging mouth? :P  (Read 847 times)
iamsheikhadil
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July 15, 2019, 10:07:07 AM
 #1

I have quit gambling now.

However, when I look at the wager amount of my accounts in various sites and add them up, a total of 15 BTC comes up!

That's around $150000= 10,500,000 INR ! Around 1 crore Rupees or 0.15 million dollars!

I know it's easy to reach that wager since wager counts all bets even on 99% chance wins so if someone with 1 BTC wagers 20 times on 99% win chance and win all, they will wager 20 BTC!

But still to think I have wagered that much amount leaves me with a open mouth sometimes. Overall I'm in loss tho xD

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bitmover
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July 15, 2019, 10:20:14 AM
 #2

I know it's easy to reach that wager since wager counts all bets even on 99% chance wins so if someone with 1 BTC wagers 20 times on 99% win chance and win all, they will wager 20 BTC!

But still to think I have wagered that much amount leaves me with a open mouth sometimes. Overall I'm in loss tho xD


Using 99% chance of win is a terrible strategy imo.
Because if you lose, you lose all. And if you win you get almost nothing .

Anyway, I believe that unless you are very lucky, every strategy is going to lead you to a loss someday

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July 15, 2019, 10:46:52 AM
Merited by Lakai01 (1)
 #3

I have quit gambling now.

However, when I look at the wager amount of my accounts in various sites and add them up, a total of 15 BTC comes up!

That's around $150000= 10,500,000 INR ! Around 1 crore Rupees or 0.15 million dollars!

I know it's easy to reach that wager since wager counts all bets even on 99% chance wins so if someone with 1 BTC wagers 20 times on 99% win chance and win all, they will wager 20 BTC!

But still to think I have wagered that much amount leaves me with a open mouth sometimes. Overall I'm in loss tho xD


OP, are you sure about that amount? As far as I remember you recently cleared your high school and preparing for engineering ( it means you are not older than 20 years) and you are from India, West Bengal. May I know how long you have been in gambling?

Your statement might be correct, but I am sure then you mistakenly posted this topic with your Alt account Tongue. if not then stop posting BS plz

This is your post.
Hi, I am a recent high-school passed out with decent grades in Math, Physics and Chem and currently preparing for engineering entrances for undergraduate courses in computer science engineering in a good college. I am fluent in three languages which are English, Bengali and Hindi of which Bengali is my native language. I would love to know if there are any jobs I am suitable for  Grin do lemme know  Cool

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July 15, 2019, 11:18:30 AM
 #4

I have quit gambling now.

However, when I look at the wager amount of my accounts in various sites and add them up, a total of 15 BTC comes up!

That's around $150000= 10,500,000 INR ! Around 1 crore Rupees or 0.15 million dollars!

I know it's easy to reach that wager since wager counts all bets even on 99% chance wins so if someone with 1 BTC wagers 20 times on 99% win chance and win all, they will wager 20 BTC!

But still to think I have wagered that much amount leaves me with a open mouth sometimes. Overall I'm in loss tho xD


OP, are you sure about that amount? As far as I remember you recently cleared your high school and preparing for engineering ( it means you are not older than 20 years) and you are from India, West Bengal. May I know how long you have been in gambling?

Your statement might be correct, but I am sure then you mistakenly posted this topic with your Alt account Tongue. if not then stop posting BS plz

This is your post.
Hi, I am a recent high-school passed out with decent grades in Math, Physics and Chem and currently preparing for engineering entrances for undergraduate courses in computer science engineering in a good college. I am fluent in three languages which are English, Bengali and Hindi of which Bengali is my native language. I would love to know if there are any jobs I am suitable for  Grin do lemme know  Cool

Lol. He might be looking for a job but then jumped into gambling and wagered almost 15 BTC. As told by OP, wagering 15 BTC is not big amount if you wager with 99% win ratio but the actual point is how much the OP deposited in gambling ?

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July 15, 2019, 11:29:04 AM
 #5

The time period of your betting will also count, if you are just betting in just 6 months or less, then that would say that you are a heavy gambler.

Good for you that you quit as gambling is not really for everyone, it's fun for some people but very risky for some who cannot control their spending in gambling.

I know there's bigger excitement when you put a bigger bets, but we are very irresponsible if we will only look at the excitement at not the other side of the possibilities, particularly losing.




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July 15, 2019, 11:40:07 AM
 #6

At first I'm also shocked to the total amount I wagered. And think if I spend it not on gambling it could already bought many foods and things I want. But I don't stress myself about it, I just tell to myself not to regret it and I also enjoyed those times I was gambling.




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July 15, 2019, 11:47:33 AM
 #7

Dunno how much i've wagered until now, because i've gamble in several websites. I think if i sum it all, it would be more than 50 btc, still not too big compared some whales who even reached more than 1000 btc

Using 99% chance of win is a terrible strategy imo.
Because if you lose, you lose all. And if you win you get almost nothing .

Do we able to bet on 99% win chance?
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July 15, 2019, 01:14:08 PM
 #8


99% win chance and win all,


I guess there is no such thing as a 99% win chance and winning all your bet on gambling, We can sure see a little bit of winning but to win all of your bets with an accuracy of 99% sure win you can surely end up with a fortune,

I don't really bet on a big wager, I only wager what I can afford on losing especially when there is a big percentage on the house edge and the game is with only luck based games I am just wagering what I think I can get back on later or losing was not that difficult for me.

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July 15, 2019, 01:30:58 PM
 #9

To be honest, I don't calculate how much I wager so far, because I never think of that. I only knows when the time for me to play gambling. But maybe I will check how much I wager on my account. But I am amazed to see how much you wager and 15 btc is not small for me and I think I cannot use bitcoin to play gambling.

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July 15, 2019, 01:50:37 PM
 #10

At first I'm also shocked to the total amount I wagered. And think if I spend it not on gambling it could already bought many foods and things I want. But I don't stress myself about it, I just tell to myself not to regret it and I also enjoyed those times I was gambling.
It blow my minds up because the amount here is quite big fro one to lose, although maybe OP has the funds and can just choose to gamble with his funds, as a gambler I had never loose such amount since I venture into gambling, addiction maybe the course of the lost and will encourage OP not to be addicted.

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July 15, 2019, 02:31:25 PM
 #11

I have quit gambling now.

However, when I look at the wager amount of my accounts in various sites and add them up, a total of 15 BTC comes up!

That's around $150000= 10,500,000 INR ! Around 1 crore Rupees or 0.15 million dollars!

I know it's easy to reach that wager since wager counts all bets even on 99% chance wins so if someone with 1 BTC wagers 20 times on 99% win chance and win all, they will wager 20 BTC!

But still to think I have wagered that much amount leaves me with a open mouth sometimes. Overall I'm in loss tho xD


Instead of looking for the total amount of your wager, try to see the profit you have made or the lose money you have suffered. I myself at first, couldn't believe with what I already lost. However, because of the total loss that I suffered is from gambling activities for several years, I can still understand it. Within 3 years of playing dice at bitsler, my profit is around -0.2 btc. And after they reset the betting history when I switched to the VIP program, to this day, I have lost around 0.03 btc.  Grin

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July 15, 2019, 02:32:30 PM
 #12


OP, are you sure about that amount? As far as I remember you recently cleared your high school and preparing for engineering ( it means you are not older than 20 years) and you are from India, West Bengal. May I know how long you have been in gambling?

Your statement might be correct, but I am sure then you mistakenly posted this topic with your Alt account Tongue. if not then stop posting BS plz
Lol, nice catch JSRAW, unfortunatly I am currently out of merits, your post would be definitly worth to merit!
I learned that you can compare gamblers and their won or wagered amount to fishermen, the catched fishes are always four times as big as they really arewhen the talk about them Wink so you have to take any mentioned amount with a grain of salt ...

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July 15, 2019, 02:34:03 PM
 #13

Well on PD I was a VIP so I have wagered 100BTC+ there and today that would be $1mio+.

And yes, thats a lot but I wagered a lot when the BTC price was a lot lower then nowadays.

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July 15, 2019, 02:37:22 PM
 #14

Yep. I think most people do this later on.

The biggest thing that comes to mind is when you look at your old bets with the bitcoin price was low. At the time you may have been doing $100 rolls or bets on a team, but now this looks like you were gambling thousands upon thousands of dollars. Which is insane.

I have some dice rolls that are for 15k now. Which is not something I'd be comfortable with doing EVER.




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July 15, 2019, 02:53:37 PM
 #15

I've got a pretty high total wagered amount as well, but a lot of that was in 2015 and 2016 when Bitcoin was priced much lower than it is at the moment, and I tended to wager several times my balance every time I gamble so the total amount does not represent my total deposits. Still pretty impressive though, and I've wagered plenty on sites that have shut down long ago so I will never know the true total. I'm overall slightly in the green, though I can attribute a lot of that to betting on CS:GO matches where odds were massively skewed to one side and I put a good sized bet on the underdog.

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July 15, 2019, 03:05:42 PM
 #16

Well on PD I was a VIP so I have wagered 100BTC+ there and today that would be $1mio+.

And yes, thats a lot but I wagered a lot when the BTC price was a lot lower then nowadays.
That was too much wagered.
And what was the result have you gain that you wagered?
Even me, I can't wager even a fraction of bitcoin because I gamble one or twice a week and that was for fun.
That's a good thing to OP that he decided to quit earlier rather than he loses more than 15 bitcoin which a huge amount and I can build a house on that amount.

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July 15, 2019, 03:12:17 PM
 #17

I have quit gambling now.

However, when I look at the wager amount of my accounts in various sites and add them up, a total of 15 BTC comes up!

That's around $150000= 10,500,000 INR ! Around 1 crore Rupees or 0.15 million dollars!

I know it's easy to reach that wager since wager counts all bets even on 99% chance wins so if someone with 1 BTC wagers 20 times on 99% win chance and win all, they will wager 20 BTC!

But still to think I have wagered that much amount leaves me with a open mouth sometimes. Overall I'm in loss tho xD


Doesn't really matter if you do wager that big and what matter most is if its your already profiting or not.On my part this doesn't

make me leave having an open mouth because theres nothing you can be proud of because this do simply shows on how addicted you are with gambling.  Grin



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July 15, 2019, 03:23:56 PM
 #18

That's a huge fund, in third world country with such an amount one will have a much sophisticated living. Another thing most of the users will have huge amounts wagered and they'll never realize until the same is being calculated. Similar experience happened with me when we had the directbet.eu available for gambling. When I made calculation on the entire amount wagered it was more than 25 bitcoin, but the wallet balance was not more than $200.




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July 15, 2019, 04:21:13 PM
 #19

I believe the proximity of the actual loses should be house edge * amount wagered if you are not a high roller. Let's say total wagered $150,000 with 1% of the house edge, then you only lost about $1,500. What do you think?

99% winning chance is terrible by the way. You will have to play for a long time with a minimal return. The best strategy still "short term" martingale IMO. Exit after several rolls.




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July 17, 2019, 06:31:30 AM
 #20


OP, are you sure about that amount? As far as I remember you recently cleared your high school and preparing for engineering ( it means you are not older than 20 years) and you are from India, West Bengal. May I know how long you have been in gambling?

Your statement might be correct, but I am sure then you mistakenly posted this topic with your Alt account Tongue. if not then stop posting BS plz
Lol, nice catch JSRAW, unfortunatly I am currently out of merits, your post would be definitly worth to merit!
I learned that you can compare gamblers and their won or wagered amount to fishermen, the catched fishes are always four times as big as they really arewhen the talk about them Wink so you have to take any mentioned amount with a grain of salt ...
That's fine Cheesy

And btw no detective work, i just happened to remember OP's post because i merited him once Cheesy strange he didn't replied to my statement yet.

PS : I am not accusing OP for having a alt or something. it was just cheeky comment from my side.

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