Bitcoin Forum
November 23, 2017, 03:16:19 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: http://luckyb.it/  (Read 3249 times)
Renekton
Full Member
***
Offline Offline

Activity: 123


View Profile
November 23, 2014, 02:15:29 AM
 #61

you have no control over this game, besides to chat and hopefully get rain by the bot.

sometimes the coins are stuck waiting for a confirmation too..
1511450179
Hero Member
*
Offline Offline

Posts: 1511450179

View Profile Personal Message (Offline)

Ignore
1511450179
Reply with quote  #2

1511450179
Report to moderator
1511450179
Hero Member
*
Offline Offline

Posts: 1511450179

View Profile Personal Message (Offline)

Ignore
1511450179
Reply with quote  #2

1511450179
Report to moderator
1511450179
Hero Member
*
Offline Offline

Posts: 1511450179

View Profile Personal Message (Offline)

Ignore
1511450179
Reply with quote  #2

1511450179
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
cheekychap
Full Member
***
Offline Offline

Activity: 182


View Profile
November 23, 2014, 04:24:21 AM
 #62

you have no control over this game, besides to chat and hopefully get rain by the bot.

sometimes the coins are stuck waiting for a confirmation too..

COins are stuck only till your confirmation has not happened, its to avoid double spends .

JLynn171
Sr. Member
****
Offline Offline

Activity: 406



View Profile
November 23, 2014, 05:53:33 AM
 #63

Mathematically, the odds are better than 98.24% on every game.

However, experience differs due to variance. Some folks have huge luck and others have the opposite; same as any other game. There are also multiple approaches to probability, and one in particular helps demonstrate why Lucky Bit in particular gives some people such a negative impression.

Consider that the odds of hitting the very edge win are 1 in 32768. Well, if you don't plan on playing 16,000 bets you can basically assume that for your instance, the odds are actually zero. They aren't, of course, and that's the fun, but when evaluating an expected return, it's a safe estimation. The same logic can actually be applied on down the outer bets: the second payout has 1 in 2048 odds so if you don't have 1,000 bets in the forecast you can safely assume you won't hit that slot. Striking the third slot from the forecast is appropriate for less than a few hundred bets, which describes most players. So what you do is calculate the game odds without the fringe wins to come up with a "reasonable expectation" for a lower number of bets, and the answer is actually quite surprising.

For blue and green, striking the outer bets impacts the expected return by less than 1%. The big impact from playing these lines comes from the bitcoin network fee on small bets.
For yellow there is a notable drop in the expected return using this method; a few hundred bets can expect more than 90% returns.
For red the drop is significant. The expected return is under 85% for less than 1,000 bets and below 50% for a dozen bets.

Let me re-iterate that. Your expected return on a dozen bets on red is less than 50%. Notice that should any of that dozen bets hit one of the outer 3 slots it's a guaranteed double-up or better, and a single x9 landing paired with any non-x0.2 hit is a profit, for that same dozen bets. The chances of either of these scenarios is actually higher than your intuition might suggest, and we didn't even include the more-common profit instances of several x2/x4 landings within a given dozen bets. But hitting all x0.2 is not uncommon either; there's a very high expected variance within those dozen bets. Variance means bigger winners and losers - and that's why the game feels harder to win than it is. Anyone that's won 30BTC probably doesn't think Lucky Bit has bad odds - it's all perception when it comes to this sort of thing, and there really isn't a mathematical model for how a game feels. Roll Eyes


when i bet red i am ready to lose 80% of 80% of my bets... the other 20%.... whoooo knows...
Mobius7
Hero Member
*****
Offline Offline

Activity: 539



View Profile
November 25, 2014, 09:42:19 AM
 #64

Mathematically, the odds are better than 98.24% on every game.

-snip-

It is just like how some players look for lower risk and prefer to play 90% bets on dice sites, while some look for higher potential profit and prefer to play 1% bets. The house edge % are the same, but the risk and return are different.

It is very likely you are going to lose most of your red bets on LB, but if you win, you could get a great profit.

moko666
Hero Member
*****
Offline Offline

Activity: 639

BlasterKVs the king of xbox modding


View Profile WWW
November 25, 2014, 04:50:37 PM
 #65

you should post enough proofs before calling them scam
if you are a victim of scam by luckybit then post some proofs
don't say that you lost money there  Grin
panju1
Legendary
*
Offline Offline

Activity: 1232


View Profile
November 25, 2014, 05:28:08 PM
 #66

Mathematically, the odds are better than 98.24% on every game.

-snip-

It is just like how some players look for lower risk and prefer to play 90% bets on dice sites, while some look for higher potential profit and prefer to play 1% bets. The house edge % are the same, but the risk and return are different.

It is very likely you are going to lose most of your red bets on LB, but if you win, you could get a great profit.

If you really want to play safe, why gamble?
So it is luckybit red or nothing for me.  Grin
LuckyBitSupport
Hero Member
*****
Offline Offline

Activity: 627


Official LuckyBit Support


View Profile WWW
November 26, 2014, 01:15:22 PM
 #67

I can say that you are almost guaranteed to lose playing there. The odds are around ~30% double your bet, 70% lose.

It's that bad.

Candystripes, your posts in this thread are borderline, it looks like voluntary FUD, and while some other FUDsters here are clearly trolling or being angry because they lost at one point, we thought you at least were a capable person when it comes to gambling and very simple odds.
Aren't you working for a competitor?

The original falling coin game
Dice is boring.



               ▄██▄
              ▄█▀ ▐▌
                               ▄▄▄▄▄▄▄▄▄▄█
        ▄▄   ▐█   ▐▌                            ▄▀▀        █▀▀▄▄
      ▄▀    ▄█    █                          ▄▀          █    ▀█
     ▐▌     █▀   █▀                         ▐▌          █      █      
     ▐▌    ▐▌  ▄▀                           █          █▀    ▄█▀      █▐▌
      ▀▄   █ ▄▀                              █   ▄▀   █▀▀▀██▀    ▐▌ ▄█▄█▄
        ▀▀██▀   ▐█  ▐█  ▄█▀█ █▌▄██▄  █   █     ▀▀▀    █▀     ▀█     ▐▌█
         ▄█▌    █▀  █  ▄█  ▀▐█▀ ▄▀  █▌  █            █▀       ▐█ ▐█  ██
     ▄▄▄▄█▀    ▐▌  █▀ ▄█    █▌▄▀   ██  █▌  ▄▄▄▄▄    █▀         █ █▌ ▐█  ▌
 ▄██▀▀▀███▄▄   █  ██ ▄▀█   ██ █   ██  ██  ▄█    ▀▀▄█▀         █▌▐█ ▄█  █
▄▀    ▄█   ▀▀▀▄▀▀▀ ▀▀  ▀▄▄▀▀▀  ▀▄▀ ▀▀▀▄█▄▀ ▀▄   ▄█▀▀▀▄▄    ▄█▀▀  ▀▀  ▀▀
▀▄▄▄▄█▀        ▀▄                  ▄▄▄█      ▀▀▀       ▀▀▀▀
  ▀▀            ▐▌              ▄▀▀ ▄█
                              █   ▄▀
                              ▀▄▄▀▀
Suspense - Community - Prizes
Play different.
Bobblehead Pete
Member
**
Offline Offline

Activity: 112


View Profile
November 26, 2014, 01:21:57 PM
 #68

you should post enough proofs before calling them scam
if you are a victim of scam by luckybit then post some proofs
don't say that you lost money there  Grin

Correct.

Maybe you want to observe first.
Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!