500$ - 30,000$ Gambling Challenge

[Betwrong]

If you bet 4 satoshi and win with 49031x multiplier, then you would win 196k satoshi only, which is less than 20 backs. Correct?
What a strange way to spend time I guess you gamble just to gamble, but not to win a lot

It is the fact itself that you can win on so high a multiplier

And if you win it before making so many bets (which is the hope here as far as I can tell), that basically proves that you are a lucky person, all in all. Then you will feel happy, like a chosen one, even if only for a brief period of time. This is basically what makes you into a gambler -- no mater how much or how long you lose, it is this rare moment when you are a winner that counts in your own frame of reference and in your internal value system (lucky or not)

You described it well! Indeed, there are gamblers(and I am one of them) who set almost unreachable goals(sometimes, not always) to have a chance to rejoice greatly when the goal is achieved. I like chasing 9900x payout on dice, and, obviously, I lose most of the time. My overall profit from this activity is surely negative. But I did catch those winning numbers, 0.00 and 99.99, several times, and I can't explain to someone who never won with 0.01% win chance, what a great feeling it is!

Some people criticize OP for setting an unrealistic goal, but I can perfectly understand him. If he can afford losing €500, he did nothing wrong.

[deisik]

If you bet 4 satoshi and win with 49031x multiplier, then you would win 196k satoshi only, which is less than 20 backs. Correct?
What a strange way to spend time I guess you gamble just to gamble, but not to win a lot

It is the fact itself that you can win on so high a multiplier

And if you win it before making so many bets (which is the hope here as far as I can tell), that basically proves that you are a lucky person, all in all. Then you will feel happy, like a chosen one, even if only for a brief period of time. This is basically what makes you into a gambler -- no mater how much or how long you lose, it is this rare moment when you are a winner that counts in your own frame of reference and in your internal value system (lucky or not)

You described it well! Indeed, there are gamblers(and I am one of them) who set almost unreachable goals(sometimes, not always) to have a chance to rejoice greatly when the goal is achieved. I like chasing 9900x payout on dice, and, obviously, I lose most of the time. My overall profit from this activity is surely negative. But I did catch those winning numbers, 0.00 and 99.99, several times, and I can't explain to someone who never won with 0.01% win chance, what a great feeling it is!

Back in the day, I had been free-rolling at freebitco.in

And I once rolled 0 there, never before and never after. You would kinda expect it to be something like a jackpot or at least a handsome bonus, but it was nothing, just nothing (which is what you actually had to expect, yeah). I can't say I was feeling great. In fact, it felt like a complete anticlimax

Some people criticize OP for setting an unrealistic goal, but I can perfectly understand him. If he can afford losing €500, he did nothing wrong

Well, OP could just have come to understanding that it was too much of a good thing, and then he wound up earlier than his challenge suggested. If that's the case, I understand him perfectly (read, that was a right decision)

[tyKiwanuka]

Well, OP could just have come to understanding that it was too much of a good thing, and then he wound up earlier than his challenge suggested. If that's the case, I understand him perfectly (read, that was a right decision)

Why not just make a little statement here about the status quo ?! OP was online in the last days and could easily stop the speculations Going from daily bets for this challenge and posting the results here, to suddenly vanishing without a peep is a bit weird, but to each his own.

It's no shame to lose bets (I have lost thousands ) or to fail with a challenge, but if you post your winners, you should also be open about losses and admit defeat - for the time being. Failures pave the road to success, so they are a necessary, but often brutal, ingredient.

[Sadlife]

If there's an easy money out there it would be gambling in esports or physical sports. Although i dont think i could do this challenge after all i play safe and only gamble what i can afford to loss.
Especially in sports there's always a chance for a turn around and if you bet all in, you've get rekt.

[TopTort777]

Back in the day, I had been free-rolling at freebitco.in

And I once rolled 0 there, never before and never after. You would kinda expect it to be something like a jackpot or at least a handsome bonus, but it was nothing, just nothing (which is what you actually had to expect, yeah). I can't say I was feeling great. In fact, it felt like a complete anticlimax

Strange that you expected something, when it is clearly seen that get basic amount of satoshi for rolling 0- 9885  You could not have nothing, I'm sure you got something.

If I would roll 0, I would not feel as great as I would roll 9998 - 10000 

Btw OP was online today. I guess all what is left is to just wait… (I'm going to update less in May since most LoL leagues are on a break.). Maybe he could switch to dota2 for some time and make smaller bets, as the game is quite similar to LoL.

[deisik]

Back in the day, I had been free-rolling at freebitco.in

And I once rolled 0 there, never before and never after. You would kinda expect it to be something like a jackpot or at least a handsome bonus, but it was nothing, just nothing (which is what you actually had to expect, yeah). I can't say I was feeling great. In fact, it felt like a complete anticlimax

Strange that you expected something, when it is clearly seen that get basic amount of satoshi for rolling 0- 9885  You could not have nothing, I'm sure you got something

Well, I meant something above the base amount, obviously

However, thinking in that direction leads us to the inevitable conclusion that hitting zero should either wipe the balance or take something from it (though the latter should be reserved for negative outcomes). In fact, wetsuit implemented many things I had talked about in his topic over here (in this board or its parent). For example, sharing the referral commissions with the referred users was entirely my idea, so he may take a note

If I would roll 0, I would not feel as great as I would roll 9998 - 10000

Never got even close

[ene1980]

~
You described it well! Indeed, there are gamblers(and I am one of them) who set almost unreachable goals(sometimes, not always) to have a chance to rejoice greatly when the goal is achieved. I like chasing 9900x payout on dice, and, obviously, I lose most of the time. My overall profit from this activity is surely negative. But I did catch those winning numbers, 0.00 and 99.99, several times, and I can't explain to someone who never won with 0.01% win chance, what a great feeling it is!

Even i have tried hitting 9900x payout on dice a long time ago when the price of bitcoin was small and i have busted a lot rather than hitting the target successfully, i know how it feels to win after having all those losses, sometimes you hit early and sometimes it will take a much longer time and i still remember rolling a thousand times and still not having the luck and then the site reset the seed without informing you makes everything a big disaster.

@OP how long you have gone and what is the current status.

[deisik]

sometimes you hit early and sometimes it will take a much longer time and i still remember rolling a thousand times and still not having the luck and then the site reset the seed without informing you makes everything a big disaster

That's the idea behind rolling on so high a multiplier

It is not like you are going to win once in a thousand rolls as it goes well beyond that. The higher the multiplier, the more variance you are likely to face and overcome. So if you are rolling on x2 multiplier, you will see around 500 wins in 1000 rolls (give or take), but on x9900 multiplier you may not see a win in a million rolls due to extreme variance. And if you win before making as many bets as expected on average by the probability on that multiplier, you are a truly lucky person (for the time being)

[ironman80]

It is not easy to win a big amouth on dice only using faucet satoshies,but there are other ways you can use faucet money.

[Betwrong]

If you bet 4 satoshi and win with 49031x multiplier, then you would win 196k satoshi only, which is less than 20 backs. Correct?
What a strange way to spend time I guess you gamble just to gamble, but not to win a lot

It is the fact itself that you can win on so high a multiplier

And if you win it before making so many bets (which is the hope here as far as I can tell), that basically proves that you are a lucky person, all in all. Then you will feel happy, like a chosen one, even if only for a brief period of time. This is basically what makes you into a gambler -- no mater how much or how long you lose, it is this rare moment when you are a winner that counts in your own frame of reference and in your internal value system (lucky or not)

You described it well! Indeed, there are gamblers(and I am one of them) who set almost unreachable goals(sometimes, not always) to have a chance to rejoice greatly when the goal is achieved. I like chasing 9900x payout on dice, and, obviously, I lose most of the time. My overall profit from this activity is surely negative. But I did catch those winning numbers, 0.00 and 99.99, several times, and I can't explain to someone who never won with 0.01% win chance, what a great feeling it is!

Back in the day, I had been free-rolling at freebitco.in

And I once rolled 0 there, never before and never after. You would kinda expect it to be something like a jackpot or at least a handsome bonus, but it was nothing, just nothing (which is what you actually had to expect, yeah). I can't say I was feeling great. In fact, it felt like a complete anticlimax

Right, but imagine how'd you feel if you were betting on that exact number.

Some people criticize OP for setting an unrealistic goal, but I can perfectly understand him. If he can afford losing €500, he did nothing wrong

Well, OP could just have come to understanding that it was too much of a good thing, and then he wound up earlier than his challenge suggested. If that's the case, I understand him perfectly (read, that was a right decision)

If you mean he quitted before reaching his goal or busting it all, I don't think so. Rather, he's not willing to discuss his failure.

~
You described it well! Indeed, there are gamblers(and I am one of them) who set almost unreachable goals(sometimes, not always) to have a chance to rejoice greatly when the goal is achieved. I like chasing 9900x payout on dice, and, obviously, I lose most of the time. My overall profit from this activity is surely negative. But I did catch those winning numbers, 0.00 and 99.99, several times, and I can't explain to someone who never won with 0.01% win chance, what a great feeling it is!

Even i have tried hitting 9900x payout on dice a long time ago when the price of bitcoin was small and i have busted a lot rather than hitting the target successfully, i know how it feels to win after having all those losses, sometimes you hit early and sometimes it will take a much longer time and i still remember rolling a thousand times and still not having the luck and then the site reset the seed without informing you makes everything a big disaster.
~

I have created a separate thread for discussing this topic. Please, share your thoughts there.

[STT]

Get back the original stake as soon as possible then you wont be ended by random results which are bound to happen.   Are these games at LAN or online because in my experience online adds a healthy dose of random chaos to the proceedings that can favour seemingly unlikely outcomes.   Plus a team in person I think are a bit more together literally and communciatively.

Heres G2 'losing' somehow winning then actually taking the entire match after in theory having lost it at this point.    https://clips.twitch.tv/WiseSpoopyTitanDatSheffy

There were lol and csgo games yesterday but none that i found valuable enough to include in my challenge.

Smart, full throttle just means you hit a tree on the next bend :p  That is an active choice to make, some games are poor in the odds because people will stack the bets on a popular team and get it wrong which doesnt make the underdog reasonable to take either though I like to throw in something if I'm watching.

[TopTort777]

Hey TrumpBets ! Haven't seen you for a long time. Hope you did not lose your bank

Found out that this Thursday starts Mid-Season Cup 2020. Are you planning to use it as an attempt to reach your goal? As a professional LoL gambler, maybe you could give us some predictions on this event or a game where you think it will is clear who will win ? 

[ralle14]

Found out that this Thursday starts Mid-Season Cup 2020. Are you planning to use it as an attempt to reach your goal? As a professional LoL gambler, maybe you could give us some predictions on this event or a game where you think it will is clear who will win ? 

There could be value bets in some of those matches as their odds are between 1.6-1.8 but I don't think it's a good idea to bet right away on the first day of the tournament because the upset potential is slightly higher now that the tournament is going to be held online. If you're looking to make a bet on the Mid season cup I suggest watching the first few days to get a feel on which teams would perform well.

[deisik]

And I once rolled 0 there, never before and never after. You would kinda expect it to be something like a jackpot or at least a handsome bonus, but it was nothing, just nothing (which is what you actually had to expect, yeah). I can't say I was feeling great. In fact, it felt like a complete anticlimax

Right, but imagine how'd you feel if you were betting on that exact number

Those were free rolls, so it doesn't amount to much (read, any winning number would be as good)

Some people criticize OP for setting an unrealistic goal, but I can perfectly understand him. If he can afford losing €500, he did nothing wrong

Well, OP could just have come to understanding that it was too much of a good thing, and then he wound up earlier than his challenge suggested. If that's the case, I understand him perfectly (read, that was a right decision)

If you mean he quitted before reaching his goal or busting it all, I don't think so. Rather, he's not willing to discuss his failure

We don't know that

And as I'm strongly inclined to think, a failure to win wouldn't be as hard to publicly admit as to sign up to a failure to go through the challenge due to one's deliberate choice. The point is that whether you win or lose is mostly a matter of luck, i.e. not one's contemplated choice. However, grabbing the winnings and running away with the spoil has little to do with luck, right? Regardless, I wouldn't go hard on OP. He did the right thing anyway if it was indeed the case