Dice games

[pawanjain]

But if you are getting a 100x losing streak, maybe you need to stop for a while and do not continue because I am afraid that can trigger your emotion becoming bigger, and you can forget about stopping the game.
Some people will still play more rounds after losing many times, which is because their curiosity becomes bigger, which means your emotion will also get impact.
It is how we can control ourselves in any gambling games, not just in a dice game because that can fatal to us and our money, especially if we forget to stop.

Why wait for 100x losing streak when a 3 or 6 consecutive losses could have been enough to stop because you know that you are not getting any value out of it. If you are still going strong despite a 100 consecutive losing streak, I think that everyone here can agree that that person is an addict. It is difficult for an addict to stop gambling so advising to control themselves will be of no benefit to anyone.

100x losing streak?
Even if you do make use of DOGE in your betting even with the minimal bet you cant able to reach up this multiplier because most likely people do lost up with 30 on maximum
based on experience
You would able to read up those losing streak discussions and see it for yourself on how long they do able to reach out.
https://bitcointalk.org/index.php?topic=1417931.40
https://bitcointalk.org/index.php?topic=1584050.0
https://bitcointalk.org/index.php?topic=5172529.60

Exactly! I recently did a math and even if we start with 1 Satoshi and do a martingale with 2x then it would cost 1.3 BTC around 26 bets of losing streak.
So it's not even 30 bets of losing streak. Only a fool will bet more than 1BTC to receive a reward of 1 Satoshi in profit.
This is where martingale strategy sucks but yeah there are other ways to use martingale as well.
Such as changing the seeds or continuing the other day or may be changing the strategy in some other way.

[1714861322]

1714861322

[1714861322]

1714861322

[Pamadar]

~

100x losing streak?
Even if you do make use of DOGE in your betting even with the minimal bet you cant able to reach up this multiplier because most likely people do lost up with 30 on maximum
based on experience

There are people who will tell you their experience and there are people who won't, those who don't tell it are ashamed, there are a lot of reasons but one of them is that they don't want people to see the streak of losses and be painted as addicted to gambling.

There are people who can't admit that they are already addicted.

Keep deying but in reality the numbers of losses and the amount of money that they'll spend are really huge. People have different
views about this matter and with the topic, any strategy won't work if you are already engaged too much with you gambling, especially
with dice as temper leads you to lose a lot.

[Saint-loup]

But if you are getting a 100x losing streak, maybe you need to stop for a while and do not continue because I am afraid that can trigger your emotion becoming bigger, and you can forget about stopping the game.
Some people will still play more rounds after losing many times, which is because their curiosity becomes bigger, which means your emotion will also get impact.
It is how we can control ourselves in any gambling games, not just in a dice game because that can fatal to us and our money, especially if we forget to stop.

Why wait for 100x losing streak when a 3 or 6 consecutive losses could have been enough to stop because you know that you are not getting any value out of it. If you are still going strong despite a 100 consecutive losing streak, I think that everyone here can agree that that person is an addict. It is difficult for an addict to stop gambling so advising to control themselves will be of no benefit to anyone.

100x losing streak?
Even if you do make use of DOGE in your betting even with the minimal bet you cant able to reach up this multiplier because most likely people do lost up with 30 on maximum
based on experience
You would able to read up those losing streak discussions and see it for yourself on how long they do able to reach out.
https://bitcointalk.org/index.php?topic=1417931.40
https://bitcointalk.org/index.php?topic=1584050.0
https://bitcointalk.org/index.php?topic=5172529.60

A 100 losing streak would represent for the classical martingale a final bet of (initial bet)x2x2x...(100 times) that is to say 2¹⁰⁰ times your initial bet. It's not sustainable by anyone on earth.

[johhnyUA]

So it's not even 30 bets of losing streak. Only a fool will bet more than 1BTC to receive a reward of 1 Satoshi in profit.
This is where martingale strategy sucks but yeah there are other ways to use martingale as well.
Such as changing the seeds or continuing the other day or may be changing the strategy in some other way.

Ehmmmmm....

The only way to use martingale strategy, is the abstract condition of "unlimited resources". Meaning you're already have unlimited amount of btc, that even if you'll lose 1000 in a row you still have btc to bet (and one important moment - you still need to have X * 2^1000 amount of btc to potentially cover all your previous loses, where X is initial amount of btc) and win.

If you have living in real world, you have a limited resources to gamble. So in any way you will lose your money thanks to such "strategy"

[Silberman]

Proper money management, the very important tool to keep you safe from your gambling activities.

Like what you have said, there's no assurance using martingale the losing streak is unpredictable, most of the time frutrations hits
you up and leads you up to make wrong decisions, you'll find yourself losing control and lose every single cents of your bankroll.
The one who understand risk and have a good setup plan mostly exit the house with a decent earnings.

Money management is key but we must admit that it is kind of difficult to do on the heat of the moment, precisely because of this we must never deposit on the casino more than what we are willing to lose on each session, if you do that then you are going to protect yourself from making a mistake in the case you get mad for losing many times in a row, now many do not like to do this especially when the fees are very high since this increases their costs but you can use altcoins during that time so you can use this strategy successfully.

[traderethereum]

~

100x losing streak?
Even if you do make use of DOGE in your betting even with the minimal bet you cant able to reach up this multiplier because most likely people do lost up with 30 on maximum
based on experience

There are people who will tell you their experience and there are people who won't, those who don't tell it are ashamed, there are a lot of reasons but one of them is that they don't want people to see the streak of losses and be painted as addicted to gambling.

I guess they will not let other people know how much they already lose money in gambling because that means they will open their secret that they can not control themselves.
When they win, especially win much, they will share their winning experience on their social media and say that they got lucky.
Well, they can do like that as we can not blame them for not telling their loss.
We should better control ourselves and money in gambling games and always avoid becoming addicted to gambling.

[romero121]

~

100x losing streak?
Even if you do make use of DOGE in your betting even with the minimal bet you cant able to reach up this multiplier because most likely people do lost up with 30 on maximum
based on experience

There are people who will tell you their experience and there are people who won't, those who don't tell it are ashamed, there are a lot of reasons but one of them is that they don't want people to see the streak of losses and be painted as addicted to gambling.

I guess they will not let other people know how much they already lose money in gambling because that means they will open their secret that they can not control themselves.
When they win, especially win much, they will share their winning experience on their social media and say that they got lucky.
Well, they can do like that as we can not blame them for not telling their loss.
We should better control ourselves and money in gambling games and always avoid becoming addicted to gambling.

That's true, success stories are shared much than the losing history. Whether we are into gambling or we try to follow any of the gambler, it is our responsibility to have prior plans as well as set our limits. The same luck of the one who has succeeded out of gambling won't be with us, so we are supposed to have our own strategies and tricks to increase the winning probabilities. Moreover the right exit strategy could get you small profit.

[traderethereum]

~

100x losing streak?
Even if you do make use of DOGE in your betting even with the minimal bet you cant able to reach up this multiplier because most likely people do lost up with 30 on maximum
based on experience

There are people who will tell you their experience and there are people who won't, those who don't tell it are ashamed, there are a lot of reasons but one of them is that they don't want people to see the streak of losses and be painted as addicted to gambling.

I guess they will not let other people know how much they already lose money in gambling because that means they will open their secret that they can not control themselves.
When they win, especially win much, they will share their winning experience on their social media and say that they got lucky.
Well, they can do like that as we can not blame them for not telling their loss.
We should better control ourselves and money in gambling games and always avoid becoming addicted to gambling.

That's true, success stories are shared much than the losing history. Whether we are into gambling or we try to follow any of the gambler, it is our responsibility to have prior plans as well as set our limits. The same luck of the one who has succeeded out of gambling won't be with us, so we are supposed to have our own strategies and tricks to increase the winning probabilities. Moreover the right exit strategy could get you small profit.

Before we are losing money in gambling, we prevent ourselves from using the money because that will be related to our emotion unless you have high control of yourself.
If some gambler can also share their losing history with the public, maybe the public will have a lesson to themselves, and they will try to prevent that loss in many ways.
When they can prevent them, they will not think that playing gambling is necessary for their life because they need to have a responsibility to our money.
An exit strategy will be necessary to have in any conditions, not just when we can winning the games.

[qwertyup23]

So it's not even 30 bets of losing streak. Only a fool will bet more than 1BTC to receive a reward of 1 Satoshi in profit.
This is where martingale strategy sucks but yeah there are other ways to use martingale as well.
Such as changing the seeds or continuing the other day or may be changing the strategy in some other way.

Ehmmmmm....

The only way to use martingale strategy, is the abstract condition of "unlimited resources". Meaning you're already have unlimited amount of btc, that even if you'll lose 1000 in a row you still have btc to bet (and one important moment - you still need to have X * 2^1000 amount of btc to potentially cover all your previous loses, where X is initial amount of btc) and win.

If you have living in real world, you have a limited resources to gamble. So in any way you will lose your money thanks to such "strategy"

I would agree.

The martingale strategy would be possible assuming that the person has unlimited resources in order to cover for the next bet. Again, we are talking here about the probability and the luck of losing- that is why the possibility of experiencing a losing streak may sound impossible but it is possible.

I personally tried this technique but I failed to recuperate after a 5-losing streak last year when I visited a physical casino. The amount exponentially increases as you lose but you tend to recover back your losings after one win.

[pawanjain]

I would agree.

The martingale strategy would be possible assuming that the person has unlimited resources in order to cover for the next bet. Again, we are talking here about the probability and the luck of losing- that is why the possibility of experiencing a losing streak may sound impossible but it is possible.

I personally tried this technique but I failed to recuperate after a 5-losing streak last year when I visited a physical casino. The amount exponentially increases as you lose but you tend to recover back your losings after one win.

A losing streak is very common in almost any game while gambling. I have faced losing streaks of 7, 11 and 16 and definitely it were some bad experiences.
I remember posting about one of these streaks on this forum and I found out it is very common to face these losing streaks.
Since gamblers like me have limited amount kept for gambling, the negative streak ends up the whole balance while doing a martingale.
I then realized it is better to stop gambling when we face upto 5 losing bets continuously and this method has saved me many times.

[Silberman]

That's true, success stories are shared much than the losing history. Whether we are into gambling or we try to follow any of the gambler, it is our responsibility to have prior plans as well as set our limits. The same luck of the one who has succeeded out of gambling won't be with us, so we are supposed to have our own strategies and tricks to increase the winning probabilities. Moreover the right exit strategy could get you small profit.

This is very common not only when it comes to gambling but in many other things, people have a tendency to try to hide their mistakes and losses and to show off their successes and their good decisions, I do not use social media that much but take a look at it, do you see many people admitting their mistakes and all the things they did wrong or their losses? Some do, but for the most part what you see is everyone sharing their good experiences and hiding everything else from view.

[Kong Hey Pakboy]

That's true, success stories are shared much than the losing history. Whether we are into gambling or we try to follow any of the gambler, it is our responsibility to have prior plans as well as set our limits. The same luck of the one who has succeeded out of gambling won't be with us, so we are supposed to have our own strategies and tricks to increase the winning probabilities. Moreover the right exit strategy could get you small profit.

You can only set your limits if you have a discipline though, addicts tend to not be able to control their urges to do the things that they are addicted. Yes you are right that we won't have the same luck as anyone but I don't think that strategies won't work in a game of chances, dice will land wherever it wants to land, no matter how good you are with tossing the dice, you won't be able to control the outcome once it is out of your hands.

[Saint-loup]

That's true, success stories are shared much than the losing history. Whether we are into gambling or we try to follow any of the gambler, it is our responsibility to have prior plans as well as set our limits. The same luck of the one who has succeeded out of gambling won't be with us, so we are supposed to have our own strategies and tricks to increase the winning probabilities. Moreover the right exit strategy could get you small profit.

This is very common not only when it comes to gambling but in many other things, people have a tendency to try to hide their mistakes and losses and to show off their successes and their good decisions, I do not use social media that much but take a look at it, do you see many people admitting their mistakes and all the things they did wrong or their losses? Some do, but for the most part what you see is everyone sharing their good experiences and hiding everything else from view.

Yes I agree with you this is called the survivorship bias/fallacy, and it's not always the fault of the successful speakers, because people usually tend to listen successful stories and not losing ones. So they often think they could win by simply reproducing a scheme used by a past winner, while the guy just got lucky actually. When you have 0.0001% chances to win at a gambling game, there are 99.9999% of losers but 0.0001% of happy winners ...

[michellee]

That's true, success stories are shared much than the losing history. Whether we are into gambling or we try to follow any of the gambler, it is our responsibility to have prior plans as well as set our limits. The same luck of the one who has succeeded out of gambling won't be with us, so we are supposed to have our own strategies and tricks to increase the winning probabilities. Moreover the right exit strategy could get you small profit.

You can only set your limits if you have a discipline though, addicts tend to not be able to control their urges to do the things that they are addicted. Yes you are right that we won't have the same luck as anyone but I don't think that strategies won't work in a game of chances, dice will land wherever it wants to land, no matter how good you are with tossing the dice, you won't be able to control the outcome once it is out of your hands.

I am following what you wrote. Having a strong discipline and the ability to control ourselves will be the things that every gambler must have before playing gambling. No matter how good your strategy, if you do not have those two things, I am afraid that you will end up losing your money. So before you use too much money to play gambling, you need to reflect yourself, is that money really worth being used for playing gambling, or just need to use a small amount of money to playing gambling.

[blockman]

There are people who will tell you their experience and there are people who won't, those who don't tell it are ashamed, there are a lot of reasons but one of them is that they don't want people to see the streak of losses and be painted as addicted to gambling.

It's very common. We only see the best bets that have wins and we don't intend to share how much we've lost or how much is our losing streak.
But when it comes to stories, there are gamblers that would be happy to share how much they've made in losses before they hitting the jackpot and their winning streak.

[peter0425]

There are people who will tell you their experience and there are people who won't, those who don't tell it are ashamed, there are a lot of reasons but one of them is that they don't want people to see the streak of losses and be painted as addicted to gambling.

It's very common. We only see the best bets that have wins and we don't intend to share how much we've lost or how much is our losing streak.
But when it comes to stories, there are gamblers that would be happy to share how much they've made in losses before they hitting the jackpot and their winning streak.

Addiction in gambling is indeed part of many things . majority experienced the addiction but many survived sooner while others remains addicted and now find their misery in gambling.
Dice is not that addicted type of gambling because you cannot win easy , but depend on how you deal with it.

[btc78]

There are people who will tell you their experience and there are people who won't, those who don't tell it are ashamed, there are a lot of reasons but one of them is that they don't want people to see the streak of losses and be painted as addicted to gambling.

It's very common. We only see the best bets that have wins and we don't intend to share how much we've lost or how much is our losing streak.

Different from me because i don't care what can others say about me but i will gladly admit what comes to my gambling activities .

I am proud when I'm winning and also proud even if i Lose.

But when it comes to stories, there are gamblers that would be happy to share how much they've made in losses before they hitting the jackpot and their winning streak.

This is me , I have nothing to hide because i choose to gamble so i must be ready how critics will comment , and how to face the outcome .

[Pamadar]

There are people who will tell you their experience and there are people who won't, those who don't tell it are ashamed, there are a lot of reasons but one of them is that they don't want people to see the streak of losses and be painted as addicted to gambling.

It's very common. We only see the best bets that have wins and we don't intend to share how much we've lost or how much is our losing streak.
But when it comes to stories, there are gamblers that would be happy to share how much they've made in losses before they hitting the jackpot and their winning streak.

There are also gamblers who wanted to share their extraordiary experienced before getting the big win.

How many attempts that they've done and how much money they've spent before making something decent. But like what the post above said, not everyone are willing to share their losing streak and how huge the amount that they've already wagered from this business.

[blockman]

But when it comes to stories, there are gamblers that would be happy to share how much they've made in losses before they hitting the jackpot and their winning streak.

This is me , I have nothing to hide because i choose to gamble so i must be ready how critics will comment , and how to face the outcome .

And there's nothing to fear of sharing how much you've lost. Although not people will have sympathy towards you and there will be folks that will be happy with others' misfortune and losses.
Maybe that's the reason why some gamblers don't intend to share how much they've lost, they probably have experienced that scenario and don't want it to happen again.

[Silberman]

That's true, success stories are shared much than the losing history. Whether we are into gambling or we try to follow any of the gambler, it is our responsibility to have prior plans as well as set our limits. The same luck of the one who has succeeded out of gambling won't be with us, so we are supposed to have our own strategies and tricks to increase the winning probabilities. Moreover the right exit strategy could get you small profit.

This is very common not only when it comes to gambling but in many other things, people have a tendency to try to hide their mistakes and losses and to show off their successes and their good decisions, I do not use social media that much but take a look at it, do you see many people admitting their mistakes and all the things they did wrong or their losses? Some do, but for the most part what you see is everyone sharing their good experiences and hiding everything else from view.

Yes I agree with you this is called the survivorship bias/fallacy, and it's not always the fault of the successful speakers, because people usually tend to listen successful stories and not losing ones. So they often think they could win by simply reproducing a scheme used by a past winner, while the guy just got lucky actually. When you have 0.0001% chances to win at a gambling game, there are 99.9999% of losers but 0.0001% of happy winners ...

This happens very frequently, another example is the people that use the strategy of martingale, on the surface the strategy seems flawless because the only thing that you need to do is to keep doubling your bet until you recover your money back and it seems to give you very favourable odds to keep winning, and since there are probably millions of people using that strategy they are bound to be some people that have never gone bust with the strategy and they think that this is because of their skill when in fact they just got lucky.