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Author Topic: A BOLD player is considered a dangerous player at casinos and sportbooks.  (Read 294 times)
acarli
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December 14, 2019, 08:36:02 PM
 #1

CAUTION: I am not telling you to do this. I wanted to share an inside perspective on what Betbit.com considers a "dangerous" player and why.

As many know I represent Betbit.com. Recently we have a fearless player from this forum that logs in and wins 200mBTC on a 100mBTC deposit in less than 15 minutes on many occasions. The reason why I am posting is to congratulate him (will not be named) and tell the community a little secret about what brands consider dangerous players.

The players who make admins nervous are those who bet large amounts in short periods of time. It's actually more specific than that. Here's a real-world example that is recent. A player has recently deposited 100mBTC. He plays classic live dealer blackjack (Shameless link insert ). He originally plays with 25mBTC per hand. He doubles down on subsequent bets. First 25, then 50, then 100. He can go higher, but he withdrawals after around 200mBTC.

Bitcoin casinos can get in trouble because the deposits and withdrawals are fast without interference from a human cashier. instant. These players come like Barracudas sttacking prey and leaving quickly having feasted.

Let's go over real quickly why. In small data-sets, there is more statistical variance. More opportunity to go against the theoretic odds. In classic blackjack, playing Basic Strategy, the odds are about 99.4%. The more hands you play, the closer you are going to get to 99.4%. This player defies the odds of small sample sizes.

Don't get me wrong. The player can and does lose on occasion. You can lose everything really fast as well.

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December 14, 2019, 08:58:03 PM
 #2

All I can say to that player is well played. That player did decide very well when that player won 200 mbtc then the player withdraw the winnings to avoid losing the profit. I know betbit may think that it's a dangerous player and yes it may cause problem to betbit about stored funds.

Yes, this is a gambling related topic but this topic should be moved to Gambling discussion.

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December 14, 2019, 09:07:23 PM
 #3

....
Yes, this is a gambling related topic but this topic should be moved to Gambling discussion.

Yes, you are right about that. I missed it. I just sent a request to Cyrus (mod) to move it.
Cheers!

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December 14, 2019, 09:35:39 PM
Merited by crwth (1)
 #4

....
Yes, this is a gambling related topic but this topic should be moved to Gambling discussion.

Yes, you are right about that. I missed it. I just sent a request to Cyrus (mod) to move it.
Cheers!
Why not move it yourself? Bottom left hand side click move topic and pick the appropriate section.


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acarli
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December 14, 2019, 09:41:27 PM
 #5

Why not move it yourself? Bottom left hand side click move topic and pick the appropriate section.

Yup, you are right. i didn't see that. Moved to discussion forum.

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December 14, 2019, 10:21:25 PM
 #6

How many of these bold players actually win? I don't think they're more dangerous because the numbers stay the same. A player staking 100 mbtc has exactly the same odds as one that plays with just 10mbtc. The 100 guy takes a bigger risk and gets a bigger reward. Your casino rake is also bigger.

You as a casino owner also take a risk and the risk is bigger if you allow people to play high stakes. A millionaire can come and break the bank in one go if you don't set limits.

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December 15, 2019, 01:58:28 AM
 #7

How many of these bold players actually win? I don't think they're more dangerous because the numbers stay the same. A player staking 100 mbtc has exactly the same odds as one that plays with just 10mbtc. The 100 guy takes a bigger risk and gets a bigger reward. Your casino rake is also bigger.

You as a casino owner also take a risk and the risk is bigger if you allow people to play high stakes. A millionaire can come and break the bank in one go if you don't set limits.
More than the casino owners, the players are the one who risk big. This is all because of the assured edge that every casinos have got. More the risk more will be the earning as well as the losing. Yes, every casino has got the limit without which casinos can go bankrupt in a single roll.




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December 15, 2019, 02:51:31 AM
 #8

Well, A bold player is considered one cause they have no care for the possible repercussions for their continuous bids. This opens up a lot of paths for them since they basically aim for the win only. That, or they are just bloody crazy lmao.

Sides, the player is a lone guy, one guy. Even if he hits a jackpot, casinos literally have millions of players. They'd still be making profit out of it. Except when the player hits jackpot like 10 - 15 times on the highest stakes, but ofc, that only happens theoretically.

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December 15, 2019, 03:06:31 AM
 #9

How many of these bold players actually win? I don't think they're more dangerous because the numbers stay the same. A player staking 100 mbtc has exactly the same odds as one that plays with just 10mbtc. The 100 guy takes a bigger risk and gets a bigger reward. Your casino rake is also bigger. 
The numbers should even out but imo they're still dangerous in a way that the player can quickly walk away with a win from doing the same strategy.

Sides, the player is a lone guy, one guy. Even if he hits a jackpot, casinos literally have millions of players. They'd still be making profit out of it. Except when the player hits jackpot like 10 - 15 times on the highest stakes, but ofc, that only happens theoretically.
Not all casinos have millions of players but a lot of them have enough players where they can still profit.

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December 15, 2019, 03:47:38 AM
 #10

There is something interesting to see about casino live blackjack gambling, they complain a lot in betting and they say something about live blackjack is a scam.

Netent common live blackjack...scam?

I had crossed my mind how many days passed I wanted to place myself as a participant in live blackjack casino, after seeing this my mind changed and I also followed the chat on Netent common live blackjack...scam? My suspicions are getting stronger, I cancel it.


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December 15, 2019, 03:55:10 AM
 #11

What story teller wanted to say?

OP meant that if you are a fearless gambler, your chances of winning are higher as opposed to a person who do not take big risk in gambling. Although I somewhat agree that you should have appositive mode when you play gambling and should have belief in yourself that you will win but again sometimes the luck even do not help the brave too. It will also make you lose big if you take more risky moves.



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December 15, 2019, 03:57:01 AM
 #12

It's his/her money, let him bet as the way that Individuals want.

You cannot control someone's betting style by posting here and giving it a term.

Will that stop us or others! I doubt that.

It is dangerous for your website and not for that individual as he/she knows they might lose everything.

Thanks but no thanks for this incredible post.

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December 15, 2019, 08:35:05 AM
 #13

What story teller wanted to say?

OP meant that if you are a fearless gambler, your chances of winning are higher as opposed to a person who do not take big risk in gambling. Although I somewhat agree that you should have appositive mode when you play gambling and should have belief in yourself that you will win but again sometimes the luck even do not help the brave too. It will also make you lose big if you take more risky moves.

I smiled as soon as I understood what Op is trying to say. I guess the casino owners are scared/suspicious of brave bettors who take risk with high bet. I thought they want big bets, never knew some are scared of them. Or they are probably terrified of the "bravery" or "believe" lol. Interesting irony.



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December 15, 2019, 09:23:58 AM
 #14

What story teller wanted to say?

OP meant that if you are a fearless gambler, your chances of winning are higher as opposed to a person who do not take big risk in gambling. Although I somewhat agree that you should have appositive mode when you play gambling and should have belief in yourself that you will win but again sometimes the luck even do not help the brave too. It will also make you lose big if you take more risky moves.

I smiled as soon as I understood what Op is trying to say. I guess the casino owners are scared/suspicious of brave bettors who take risk with high bet. I thought they want big bets, never knew some are scared of them. Or they are probably terrified of the "bravery" or "believe" lol. Interesting irony.

Casinos are not really "scared/suspicious of brave bettors who take risk with high bet". They want this kind of brave or high-risk takers. In fact casinos would extend additional treatment to high rollers. In casinos, big time gamblers are well-loved and even labelled as VIP. There will be perks given to them that ordinary gamblers cannot enjoy. What they probably hate are those who hit, and hit hard, and then run afterwards. Casinos love brave and high rollers for as long as they stay. The longer they stay, the higher the probability that they will lose. If they win but continue to stay brave and risky in betting, the casinos will always have the last laugh. And so they don't care much when these gamblers win; they know these gamblers will lose eventually.

What casinos hate are these:

These players come like Barracudas sttacking prey and leaving quickly having feasted.

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December 15, 2019, 09:52:31 AM
 #15

So he is dangerous on the fact that he might get successful bets and get massive amounts of money in the bankroll? Isn't that also a gamble by the casino itself? We all know that in every aspect of life, especially business, there are risks that you have to take, and the casino is risking that part of their business in exchange for the possible players' ability to win.

Thanks for sharing this info, I think this would be ideal for casino owners.


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December 15, 2019, 10:12:53 AM
 #16

As the saying goes, "Fortune favors the bold."

But really? How can the house be afraid of the bold? They have house edge on their favor. The one taking the risk here is the gambler. He can easily lose it all in a 3-4 losing streak. This is just propaganda to make you deposit and bet large amounts.
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December 15, 2019, 12:20:14 PM
 #17

Of course, bold people are dangerous in gambling, I agree with that. If a person is putting a lot of money fast into the game, this person can lose a lot, but this person can win a lot as well, which makes it a high risk for a casino. Setting a reasonable maximum bet can solve the issue, but not always, since always betting a maximum bet is also bold. I wanted to add that these people are also annoying in player vs player games. When I played poker online, I hated it when people were raising the bet all the time since the very beginning! I could not handle the stress of playing against such people and often folded unless I had really good cards. I'm bad at poker, that's true, but I also think that such people might frighten a lot of players and in a way gain advantage over them. But this strategy is risky to both others and the gambler that uses it, since if someone stays strong against such moves or the odds don't go in one's favor, it's gonna be a very big loss.

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christian07
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December 15, 2019, 12:29:56 PM
 #18

Yes i think also like that from the beginning here like you need to bet many then with big amount of money like double it every bet then stop if you win already because that's have high chance to win even that's very risky so i always recommend or suggest that here then i actually try that but 1 win and 1 lose only with this kind of strategy base in my real experience

robelneo
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December 15, 2019, 02:17:48 PM
 #19

He might be bold but he should also be wise on when to stop and when to continue, I have seen players like that who bet big amount just to chase the winning roll, but this kind of people although bold are sometimes reckless and put more funds in the hope of betting more thinking that he can beat the house not only once, or twice but continuously and this is where the problem comes.

darkangel11
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December 15, 2019, 04:10:34 PM
 #20

How many of these bold players actually win? I don't think they're more dangerous because the numbers stay the same. A player staking 100 mbtc has exactly the same odds as one that plays with just 10mbtc. The 100 guy takes a bigger risk and gets a bigger reward. Your casino rake is also bigger. 
The numbers should even out but imo they're still dangerous in a way that the player can quickly walk away with a win from doing the same strategy.

If it is so, then what's stopping you or anybody else from doing the same thing? Playing high stakes for a round or 2 and walking away the moment you win?
Saying that bold players fare better than others or that they're dangerous to casinos is more of a joke or maybe an attempt to make people try this strategy.
You play slow you lose slow you play fast you lose fast, you cannot cheat math.
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