Overall winning - Dice

[Vispilio]

Gambling sites also study gamblers' psychology very well and design their algorithms such that the initial players who just sign up and start with small amounts usually get some statistically skewed wins in the beginning,

thus reinforcing the emotional high and psychology that they have found a loophole in the system or are very luck or any other rationalization to justify their joyful emotional state, which quickly becomes addictive.

It is often the case at this point that the site's algorithm turns against them, and usually the gambler then finds himself unable to quit, chasing after the initial high, or playing "just a few more turns" to recuperate the losses, and is likely to end up losing more both because of the built-in house edge and sometimes outright cheating by the vastly unregulated site's algorithm...

[spadormie]

I prefer sports betting much than the casinos. In recent days due to some reason I got myself much into dice. Initially it was quite interesting at the beginning and won a little. This kept me into temptation to continue dice, anyhow it is true to spend on poker and other skill based games than luck based games.

It's probably because you're inclined with something else and that's not playing the dice. You should be focused on where you're inclined with. And the reason why you kept on playing dice is because you're currently advertising a dice gambling site. It's really tempting to be honest.

[DaveWave]

Gambling sites also study gamblers' psychology very well and design their algorithms such that the initial players who just sign up and start with small amounts usually get some statistically skewed wins in the beginning,

thus reinforcing the emotional high and psychology that they have found a loophole in the system or are very luck or any other rationalization to justify their joyful emotional state, which quickly becomes addictive.

It is often the case at this point that the site's algorithm turns against them, and usually the gambler then finds himself unable to quit, chasing after the initial high, or playing "just a few more turns" to recuperate the losses, and is likely to end up losing more both because of the built-in house edge and sometimes outright cheating by the vastly unregulated site's algorithm...

But the provable fair is working the same either on a new player and an old one? Or maybe you are talking about gambling sites that aren't provably fair or unproven which is common on non crypto gambling sites?

The nature itself of a man is greedy which is an advantage on gambling houses as they have the deeper funds plus the house edge. Little house edge may not be a factor but after a hundred throw of that dice and so on, the house edge accumulates slowly in favor to them. 

[Vispilio]

But the provable fair is working the same either on a new player and an old one? Or maybe you are talking about gambling sites that aren't provably fair or unproven which is common on non crypto gambling sites?

The nature itself of a man is greedy which is an advantage on gambling houses as they have the deeper funds plus the house edge. Little house edge may not be a factor but after a hundred throw of that dice and so on, the house edge accumulates slowly in favor to them.  

In my experience, "provably fair" has become just another buzzword, and for most sites all it means is that you can find an encrypted hash corresponding to the result of the roll when you investigate.

I believe only for a very few number of exceptional sites is the algorithm independently random, and the website is truly blind to the outcome of all bets...

[sunsilk]

~snip~

Self discipline and good money management should really be prioritize when we do gamble.Losing is inevitable and stress/frustration would always be tied up with it.

The important thing here is that you wont able to spend all the money that you intended for your living or shall we say already budgeted for food,shelter,emergency purposes, health etc.

Spending all that you've got won't happen if from the very beginning you have alloted a specific amount as you gamble. This might be a very small move but it can save other gamblers from being broke and can avoid the scenario of what did happened to op.

If you do come to a point on spending these funds then be ready on what would be the consequences ahead.

Well yeah, accept the fact that you've committed a mistake and you just have to take full responsibility and learn from it.

[deisik]

But the provable fair is working the same either on a new player and an old one? Or maybe you are talking about gambling sites that aren't provably fair or unproven which is common on non crypto gambling sites?

The nature itself of a man is greedy which is an advantage on gambling houses as they have the deeper funds plus the house edge. Little house edge may not be a factor but after a hundred throw of that dice and so on, the house edge accumulates slowly in favor to them. 

In my experience, "provably fair" has become just another buzzword, and for most sites all it means is that you can find an encrypted hash corresponding to the result of the roll when you investigate

But does it prove that the bet results are not valid and legit?

Besides, I don't really think that the bet outcomes are skewed for beginners. That simply doesn't make sense, and for two good reasons. First, if it becomes publicly known it would hurt terribly the reputation of the casino and reputation is everything in this day and age (especially in so delicate and competitive area as online gambling)

And second, if the odds were in fact skewed in favor of new comers (read, the house edge went into negative for them), anyone could easily exploit that to their own advantage by registering new account every time they were going to bet. As you can see, it is simply not worth it as potential losses may widely exceed any benefits

I believe only for a very few number of exceptional sites is the algorithm independently random, and the website is truly blind to the outcome of all bets

What about decentralized casinos where the bet outcome is determined by the network (e.g. by EOS mainnet and its transactions)

[akmal1984]

I think there will be benefits for the short and long term in the dice.But you have to understand how the dice system works. My observations so far, there are times when we get a victory. And often we get defeated. We can't win every day here. So what we can do is just how we can take advantage of the moment of winning and losing. Don't think we can always win, but try to understand this rule. Try when you lose don't try to keep turning things around. Stop playing and come back tomorrow.

[TheUltraElite]

In my experience, "provably fair" has become just another buzzword, and for most sites all it means is that you can find an encrypted hash corresponding to the result of the roll when you investigate.

I doubt your experience because Provably fair is an algorithm and not just an encrypted hash. Are you sure you know how to verify the bets using the server seed and the client seed? It does not correspond to the result of the roll but how the roll is made.

I believe only for a very few number of exceptional sites is the algorithm independently random, and the website is truly blind to the outcome of all bets...

We have a number of cryptography enthusiasts in this forum and believe me they are having a sane mind enough to look at every new site that comes up and verify the bets made there to be truly random and not rigged. Previously they helped in shutting out some scammer sites who cheated their players and the ones who are in this forum and highly popular were found to be fair.

What you are suffering from is Gamblers Fallacy and I suggest you to verify the bets yourself to put your mind at ease and that you lost the money because of your own greed and not because the site cheated you.

[doomloop]

In my experience, "provably fair" has become just another buzzword, and for most sites all it means is that you can find an encrypted hash corresponding to the result of the roll when you investigate.

I doubt your experience because Provably fair is an algorithm and not just an encrypted hash. Are you sure you know how to verify the bets using the server seed and the client seed? It does not correspond to the result of the roll but how the roll is made.

I believe only for a very few number of exceptional sites is the algorithm independently random, and the website is truly blind to the outcome of all bets...

We have a number of cryptography enthusiasts in this forum and believe me they are having a sane mind enough to look at every new site that comes up and verify the bets made there to be truly random and not rigged. Previously they helped in shutting out some scammer sites who cheated their players and the ones who are in this forum and highly popular were found to be fair.

What you are suffering from is Gamblers Fallacy and I suggest you to verify the bets yourself to put your mind at ease and that you lost the money because of your own greed and not because the site cheated you.

Maybe I am wrong but I think you are referring to crypto coin enthusiasts by cryptography enthusiast as cryptography is a subject. I agree with you that there is a good number of crypto gamblers who want to play with the help of digital coins. There are many platforms and websites that give this opportunity. But my honest suggestion is to not bet assets like bitcoin in such risky games.

[Oilacris]

In my experience, "provably fair" has become just another buzzword, and for most sites all it means is that you can find an encrypted hash corresponding to the result of the roll when you investigate.

I doubt your experience because Provably fair is an algorithm and not just an encrypted hash. Are you sure you know how to verify the bets using the server seed and the client seed? It does not correspond to the result of the roll but how the roll is made.

I believe only for a very few number of exceptional sites is the algorithm independently random, and the website is truly blind to the outcome of all bets...

We have a number of cryptography enthusiasts in this forum and believe me they are having a sane mind enough to look at every new site that comes up and verify the bets made there to be truly random and not rigged. Previously they helped in shutting out some scammer sites who cheated their players and the ones who are in this forum and highly popular were found to be fair.

What you are suffering from is Gamblers Fallacy and I suggest you to verify the bets yourself to put your mind at ease and that you lost the money because of your own greed and not because the site cheated you.

Maybe I am wrong but I think you are referring to crypto coin enthusiasts by cryptography enthusiast as cryptography is a subject. I agree with you that there is a good number of crypto gamblers who want to play with the help of digital coins. There are many platforms and websites that give this opportunity. But my honest suggestion is to not bet assets like bitcoin in such risky games.

You suggest on things where people do oppose to do such as betting with Btc and other top alts. Of course people will
had the motive on accumulating coins which are valuable or do have potential on upcoming years to come.

They would surely risk on using and accumulating it up even with gambling method since they do know on how valuable it is.

[Vispilio]

In my experience, "provably fair" has become just another buzzword, and for most sites all it means is that you can find an encrypted hash corresponding to the result of the roll when you investigate.

I doubt your experience because Provably fair is an algorithm and not just an encrypted hash. Are you sure you know how to verify the bets using the server seed and the client seed? It does not correspond to the result of the roll but how the roll is made.

I believe only for a very few number of exceptional sites is the algorithm independently random, and the website is truly blind to the outcome of all bets...

We have a number of cryptography enthusiasts in this forum and believe me they are having a sane mind enough to look at every new site that comes up and verify the bets made there to be truly random and not rigged. Previously they helped in shutting out some scammer sites who cheated their players and the ones who are in this forum and highly popular were found to be fair.

What you are suffering from is Gamblers Fallacy and I suggest you to verify the bets yourself to put your mind at ease and that you lost the money because of your own greed and not because the site cheated you.

you are making too many unfounded assumptions as if you are personally invested in protecting the interests of gambling sites, interesting  

is there an archive available for all gambling sites that are promoted on this forum where you can go and verify each and individual historical bet if you choose to ?.. I sincerely doubt that, please correct me if that's the case.

Then, is it possible for a site to be "provably fair" in some cases or let's say in the beginning, but to subvert its algorithm (or seeds) for some of the bets that really matter down the line, say when they notice the user is using Auto Bet and would be very unlikely to check most of those ?..

OR, is it possible for a site to give different weightings to certain outcomes from what is mathematically expected, let's say achieving a rolling of above 97 out of 100 becomes not really 3%, but in fact it's more like 0.03% during certain cases...

For the latter example, it's already a documented statistic that one of the most popular sites (which also has a massive thread here) is doing exactly that for many years, and yet you can still see the buzzword "provably fair" everywhere on their website, just to give you one case that refutes your propaganda scented response  ...

*EDIT: ps.: unlike what you think, I hardly ever use these gambling sites, and haven't investigated in depth these specific cases so I'm not going to name any names and leave room for doubt, but it can be reasonably deduced that these are very likely possibilities from the testimonies of a number of experts in building gambling websites (similar cases have been taken to court and proven there as well for example regarding the true "randomness" of some of the post popular online poker sites on the planet)...

[deisik]

Then, is it possible for a site to be "provably fair" in some cases or let's say in the beginning, but to subvert its algorithm (or seeds) for some of the bets that really matter down the line, say when they notice the user is using Auto Bet and would be very unlikely to check most of those ?

That's the thing with such logic

When someone questions something but doesn't come up with any concrete evidence making it look like the other party should disprove his point. Yes, some sites are not likely as "provably fair" as they claim to be, or probably not "fair" at all times. But you can't prove that by just making a contention they are not

And even if they are not, they are going to get caught eventually, and specifically because big stakes attract more attention as no one wants to lose big. But it won't be because you come to think some of these casinos should be cheating. Simply put, it is just idle talk on your part

[Vispilio]

That's the thing with such logic

When someone questions something but doesn't come with any concrete evidence making it look like the other party should disprove his point. Yes, some sites are not likely as "provably fair" as they claim to be, or probably not "fair" at all times. If they are not, they are going to get caught eventually, and specifically because big stakes attract more attention as no one wants to lose big. But it won't be because you come to think some of these casinos should be cheating. Simply put, it is just idle talk on your part

I would simply suggest for anyone seriously interested in gambling to be highly cautious and inquisitive of assertions like "provably fair" because we know empirically that even simpler claims like randomness of a poker deck took years of investigation to verify by experts appointed by the court, and in most (if not all) cases the results came back negative against some of the top sites making these randomness claims (led to most of them getting shut down, eg. AbsolutePoker, FullTiltPoker, PokerStars, EverestPoker, etc.).

Therefore the possibility that at least some of the sites using the "provably fair" tag might be subverting this popular notion should be considered and examined by a player before he risks his hard earned assets there...

[Meowth05]

Have anyone profited out of dice in the short or long term. I have been trying the best and lost all, I can't leave it. Once after I loss I have gone beyond my ability. Finally as the wallet got emptied, I bought bitcoin particularly for betting and lost even the amount earned from my day job. I used to experience win, but at the end it is a loss. I miss the right time to stop and leave.

Well, that is sad to hear buddy. Sometimes we should learn to give up if we felt that we have no chance of winning then don't afraid to quit, perhaps you could search for your luck first because no matter what we try as long as out luck doesn't click up it won't work. In my opinion, leaving behind is a good option because if you will try for another one to catch up on your losses it will only lead to an addiction that could possibly worsen the scenario.

[RollTheDice7]

Sometimes im able to keep in profit for months at a time by not being greedy taking profit after im up 30-50% but loss streaks can happen also At end of day its entertainment

[deisik]

That's the thing with such logic

When someone questions something but doesn't come with any concrete evidence making it look like the other party should disprove his point. Yes, some sites are not likely as "provably fair" as they claim to be, or probably not "fair" at all times. If they are not, they are going to get caught eventually, and specifically because big stakes attract more attention as no one wants to lose big. But it won't be because you come to think some of these casinos should be cheating. Simply put, it is just idle talk on your part

I would simply suggest for anyone seriously interested in gambling to be highly cautious and inquisitive of assertions like "provably fair" because we know empirically that even simpler claims like randomness of a poker deck took years of investigation to verify by experts appointed by the court, and in most (if not all) cases the results came back negative against some of the top sites making these randomness claims (led to most of them getting shut down, eg. AbsolutePoker, FullTiltPoker, PokerStars, EverestPoker, etc.)

Poker is not dice

I mean, some people are trying to make a living out of it since the results of a particular game are not entirely random as they are in dice (well, let's assume that for a moment) but also involve skills and expertise. You are not typically playing dice to earn money, but if, nevertheless, you are, it is in your best interests to make sure that the outcome of each bet you make is truly random. And as I also said in one of my previous posts here, you can play at casinos where the bets are made on the blockchain and their outcomes cannot be rigged (think EOS or TRON here)

Therefore the possibility that at least some of the sites using the "provably fair" tag might be subverting this popular notion should be considered and examined by a player before he risks his hard earned assets there

If you are cheating with bet outcomes, you will get caught in due course as it happened many times before. Reputation is everything in this field, and once ruined it cannot be restored

[RealMalatesta]

Sometimes im able to keep in profit for months at a time by not being greedy taking profit after im up 30-50% but loss streaks can happen also At end of day its entertainment

If you notice, if you gamble for your entertainment then definitely you may stop your dicing with profit. Surprisingly, I have done that so many times but I'm not a big gambler and I'm always making use of faucets and I believe everybody is aware of the fact that faucet earning will never get eligible for cashing out. Still, you may find good entertaining times and if you're doing signature campaign for that particular house then you may add up your faucet along with your signature earning.

Finally as the wallet got emptied, I bought bitcoin particularly for betting and lost even the amount earned from my day job. I used to experience win, but at the end it is a loss. I miss the right time to stop and leave.

Not just you, I believe every gambler must be missing out when to stop and when to cash out. The problem is lying within us in the name of greedy. If you gamble for free then you will definitely start believing how dangerous is dice gambling by risking your hard earned money. Never gamble irresponsibly.