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Author Topic: Autobets  (Read 2515 times)
noma
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November 25, 2014, 05:16:26 AM
 #41

On PD autobet is good to reach certain achievements.

In general is good to try martingale or other strategies

It's good to use them if you KNOW how to use them. Most people run the bot and go to fb and lose everything of course.

Thats not what most people do. Bots also take away the fun of gambling, so I think most people to it manually.

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Omikifuse
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November 25, 2014, 05:18:57 AM
 #42

no matter what you do, the house edge remains the same. you CANNOT do anything to change this!
Absolutely true.

Quote
you WILL LOSE in the long run.
Absolutely false. You can make this highly unlikely with betting systems. The vast majority of people who use a betting system correctly will win.

These are not incompatible. Imagine a system where you have a 99% chance of winning $1 and a 1% chance of losing $200 and the total number of bets required is always less than 100. The house certainly has a huge edge. But the vast majority of people who use this system will win. And there can never be a "long run" because the total number of bets required by the system is always less than 100.



The bold part says it all. If the house has an edge, YOU WILL LOSE whatever betting system you use. Vast majority (99 out of 100) will win negligible amounts (1$) and 1 person will lose a big amount (200$). This will give the house a profit of 100$. Who loses this? The players. When this thing is repeated a 100 times (long run), everybody will lose (100$ each) and the house will win 10,000$ mathematically.

So yes, if there is a house edge YOU WILL EVENTUALLY LOSE.

That is what I always say.

Sooner or later you will end up in the $200 loss group, and I guess before you can win more than 200 times $1

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November 26, 2014, 04:21:02 AM
 #43

no matter what you do, the house edge remains the same. you CANNOT do anything to change this!
Absolutely true.

Quote
you WILL LOSE in the long run.
Absolutely false. You can make this highly unlikely with betting systems. The vast majority of people who use a betting system correctly will win.

These are not incompatible. Imagine a system where you have a 99% chance of winning $1 and a 1% chance of losing $200 and the total number of bets required is always less than 100. The house certainly has a huge edge. But the vast majority of people who use this system will win. And there can never be a "long run" because the total number of bets required by the system is always less than 100.



The bold part says it all. If the house has an edge, YOU WILL LOSE whatever betting system you use. Vast majority (99 out of 100) will win negligible amounts (1$) and 1 person will lose a big amount (200$). This will give the house a profit of 100$. Who loses this? The players. When this thing is repeated a 100 times (long run), everybody will lose (100$ each) and the house will win 10,000$ mathematically.

So yes, if there is a house edge YOU WILL EVENTUALLY LOSE.

That is what I always say.

Sooner or later you will end up in the $200 loss group, and I guess before you can win more than 200 times $1

Yes mathematically you will lose once every 100 games/bets.
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November 26, 2014, 04:23:07 AM
 #44

no matter what you do, the house edge remains the same. you CANNOT do anything to change this!
Absolutely true.

Quote
you WILL LOSE in the long run.
Absolutely false. You can make this highly unlikely with betting systems. The vast majority of people who use a betting system correctly will win.

These are not incompatible. Imagine a system where you have a 99% chance of winning $1 and a 1% chance of losing $200 and the total number of bets required is always less than 100. The house certainly has a huge edge. But the vast majority of people who use this system will win. And there can never be a "long run" because the total number of bets required by the system is always less than 100.



The bold part says it all. If the house has an edge, YOU WILL LOSE whatever betting system you use. Vast majority (99 out of 100) will win negligible amounts (1$) and 1 person will lose a big amount (200$). This will give the house a profit of 100$. Who loses this? The players. When this thing is repeated a 100 times (long run), everybody will lose (100$ each) and the house will win 10,000$ mathematically.

So yes, if there is a house edge YOU WILL EVENTUALLY LOSE.

That is what I always say.

Sooner or later you will end up in the $200 loss group, and I guess before you can win more than 200 times $1

Yes mathematically you will lose once every 100 games/bets.

PD sucks

Deposited a million times.

No winnings.

Always lose.
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November 26, 2014, 06:56:18 AM
 #45

Winning is possible for sure. See this post:

https://bitcointalk.org/index.php?topic=873818.msg9658969#msg9658969


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JoelKatz
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November 27, 2014, 10:10:28 AM
 #46

The bold part says it all. If the house has an edge, YOU WILL LOSE whatever betting system you use. Vast majority (99 out of 100) will win negligible amounts (1$) and 1 person will lose a big amount (200$). This will give the house a profit of 100$. Who loses this? The players. When this thing is repeated a 100 times (long run), everybody will lose (100$ each) and the house will win 10,000$ mathematically.

So yes, if there is a house edge YOU WILL EVENTUALLY LOSE.
If you want to say that the expected outcome is a loss, that's certainly correct. But it's incorrect to argue that everybody loses in the long run. If you don't see why, apply your same argument to a lottery. Certainly there's a house edge. But it is manifestly false to claim that everyone loses in the long run. The house cannot force you to play if you don't want to. In your example of 100 people, if those 100 people all choose not to play anymore, then 99 out of 100 people have won -- even in the long run since none of them are betting any more.

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ubitcoin
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March 05, 2015, 11:09:50 AM
 #47

Ya its great for the players who want to make more at once as well as to lose at a once lol  Tongue
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March 05, 2015, 11:34:14 AM
 #48

no matter what you do, the house edge remains the same. you CANNOT do anything to change this!
Absolutely true.

Quote
you WILL LOSE in the long run.
Absolutely false. You can make this highly unlikely with betting systems. The vast majority of people who use a betting system correctly will win.

These are not incompatible. Imagine a system where you have a 99% chance of winning $1 and a 1% chance of losing $200 and the total number of bets required is always less than 100. The house certainly has a huge edge. But the vast majority of people who use this system will win. And there can never be a "long run" because the total number of bets required by the system is always less than 100.



The bold part says it all. If the house has an edge, YOU WILL LOSE whatever betting system you use. Vast majority (99 out of 100) will win negligible amounts (1$) and 1 person will lose a big amount (200$). This will give the house a profit of 100$. Who loses this? The players. When this thing is repeated a 100 times (long run), everybody will lose (100$ each) and the house will win 10,000$ mathematically.

So yes, if there is a house edge YOU WILL EVENTUALLY LOSE.

That is what I always say.

Sooner or later you will end up in the $200 loss group, and I guess before you can win more than 200 times $1

Yes mathematically you will lose once every 100 games/bets.

PD sucks

Deposited a million times.

No winnings.

Always lose.

same i tried it, and noticed something not good, like when you are winning, and then suddently you change the size, you end up losing

i don't like it at all

i think a bot it's not good here because it follow a pattern that eventually will fail, as you need different one each time, you will end up losing
ubitcoin
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March 05, 2015, 01:08:47 PM
 #49

no matter what you do, the house edge remains the same. you CANNOT do anything to change this!
Absolutely true.

Quote
you WILL LOSE in the long run.
Absolutely false. You can make this highly unlikely with betting systems. The vast majority of people who use a betting system correctly will win.

These are not incompatible. Imagine a system where you have a 99% chance of winning $1 and a 1% chance of losing $200 and the total number of bets required is always less than 100. The house certainly has a huge edge. But the vast majority of people who use this system will win. And there can never be a "long run" because the total number of bets required by the system is always less than 100.



The bold part says it all. If the house has an edge, YOU WILL LOSE whatever betting system you use. Vast majority (99 out of 100) will win negligible amounts (1$) and 1 person will lose a big amount (200$). This will give the house a profit of 100$. Who loses this? The players. When this thing is repeated a 100 times (long run), everybody will lose (100$ each) and the house will win 10,000$ mathematically.

So yes, if there is a house edge YOU WILL EVENTUALLY LOSE.

That is what I always say.

Sooner or later you will end up in the $200 loss group, and I guess before you can win more than 200 times $1

Yes mathematically you will lose once every 100 games/bets.

PD sucks

Deposited a million times.

No winnings.

Always lose.

same i tried it, and noticed something not good, like when you are winning, and then suddently you change the size, you end up losing

i don't like it at all

i think a bot it's not good here because it follow a pattern that eventually will fail, as you need different one each time, you will end up losing
So bro ! The wining in any casino or any dice site is only depend on your luck as well as some skills which can work only 10% in it
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