sethminer14
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Activity: 98
Merit: 10
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January 07, 2015, 11:24:48 PM |
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Haha well odds are always against you. If you play enough, you will lose.
Just play for fun
Yeah, but thats all gambling sites though isnt it. We dont play for fun because, theres things we want we cant afford, which makes us end up gambling in general or else why would people gamble lol. Well maybe the reason people cant afford things is because they gamble. losing $10,000 on dice sites isnt going to get you closer to the yacht youve been dreaming of. If you want to get things you cant afford, invest in things where the odds are in your favor. |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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grendel25
Legendary
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Activity: 2282
Merit: 1031
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January 08, 2015, 04:52:41 AM |
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I usually just try to capitalize on streaks but it takes a lot of patience. You have to really wait a long time for the good streaks to come. If you can wait then your chances go up. Just have to bet small and then go bigger when you are in the streak zone.
glta... actually haven't started betting with btc yet but I may give it a whirl soon.
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steadyeddie
Newbie
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Activity: 49
Merit: 0
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January 08, 2015, 09:46:49 AM |
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I think the only important rule to keep track of when playing a pure luck based game and you want to maximize your playing time is the Kelly criterion - http://en.wikipedia.org/wiki/Kelly_criterionKnow that the odds are always against you though, so over time you will lose. Perhaps the best bet is to bet everything you own on one single bet hehe  |
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Aemon
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January 08, 2015, 02:03:32 PM |
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I think the only important rule to keep track of when playing a pure luck based game and you want to maximize your playing time is the Kelly criterion - http://en.wikipedia.org/wiki/Kelly_criterionKnow that the odds are always against you though, so over time you will lose. Perhaps the best bet is to bet everything you own on one single bet hehe I am pretty sure it is proven that the best odds you will ever have is to YOLO. The more and more you play the more and more the odds are stacked up against you. |
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kpitti
Legendary
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Activity: 924
Merit: 1002
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January 08, 2015, 02:20:24 PM |
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I think the only important rule to keep track of when playing a pure luck based game and you want to maximize your playing time is the Kelly criterion - http://en.wikipedia.org/wiki/Kelly_criterionKnow that the odds are always against you though, so over time you will lose. Perhaps the best bet is to bet everything you own on one single bet hehe I am pretty sure it is proven that the best odds you will ever have is to YOLO. The more and more you play the more and more the odds are stacked up against you. Exactly House edge is against you. Longer time you play the mathematics is working .... you are loosing. Also if you play for a long time you are going to be a gambler and I found that I tent to loos my control - just focusing to recover and win!!! This is worst scenario. |
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Aristoff
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January 08, 2015, 08:22:39 PM |
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Which is your strategy?? Let's share it I think you have not a large amount - about 10,000 Satoshi put the multiplier on x9900 and bet 1 Satoshi ... sooner or later, but this should work, if it works twice you will double your initial money ... something like this ... |
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Danydee
Legendary
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Activity: 2576
Merit: 1248
#SWGT CERTIK Audited
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January 08, 2015, 09:41:33 PM |
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keep cool.
if not, report playing for another time
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samuel999
Sr. Member
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Activity: 256
Merit: 250
CSGOBetGuide.com - Esports Gambling List
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January 08, 2015, 10:30:14 PM |
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Try not to lose too much, try win a lot, usually doesn't work though.
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Nunu
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January 08, 2015, 10:52:37 PM |
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Never do YOLO rolls. Just consider using what you can afford to lose and if you lose at least you can walk away with a smile.
And then go buy some food its what I usually do.
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Olaf
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January 08, 2015, 11:43:36 PM |
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Just consider the hours to get that hard earned money, before you place your bet lol.
Also the risk tolerance is based on the individual, but if you win more then you lose then go for it. But just know you lose some times, even if you are good.
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pureelite
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January 08, 2015, 11:44:33 PM |
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25x (odd) increase on loss by 11% and wish that it wont kill me in first rolls  haha |
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Seketsuna
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January 09, 2015, 12:30:52 AM |
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my strategy is use pd faucet, set multiplier to x9900, and pray that you will hit it..
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Aemon
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January 09, 2015, 02:34:05 PM |
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my strategy is use pd faucet, set multiplier to x9900, and pray that you will hit it..
Lol nice strat! Have you hit at all yet? I think I have rolled 1 0 since I started there, and of course I didn't have the multiplier set correctly. |
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Oriannaa
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January 09, 2015, 06:08:51 PM |
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my strategy is use pd faucet, set multiplier to x9900, and pray that you will hit it..
Yeah, but how long does that usually take to even hit it once lolol. like 3 months? |
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gameboyadvance
Member
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Activity: 94
Merit: 10
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January 09, 2015, 06:43:20 PM |
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some guy rolled 0.0 a few days ago. Cant remember the thread I saw it in. He had x9900
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Shogen
Legendary
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Activity: 966
Merit: 1001
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January 09, 2015, 06:51:34 PM |
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I think the only important rule to keep track of when playing a pure luck based game and you want to maximize your playing time is the Kelly criterion - http://en.wikipedia.org/wiki/Kelly_criterionKnow that the odds are always against you though, so over time you will lose. Perhaps the best bet is to bet everything you own on one single bet hehe The Kelly formula is used when you are going to play games with positive EV, like when you are investing in the bankroll of a site. For negative EV games, the Kelly formula tells you not to play at all. |
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Shogen
Legendary
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Activity: 966
Merit: 1001
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January 09, 2015, 06:54:13 PM |
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my strategy is use pd faucet, set multiplier to x9900, and pray that you will hit it..
Yeah, but how long does that usually take to even hit it once lolol. like 3 months? On average, you should get a x9900 win in a total of 10000 bets. So if you make 100 bets a day, it takes you on average a bit more than 3 months. |
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Pantheon
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January 09, 2015, 07:02:53 PM |
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my strategy is placing the principal to be small, and stay small so you dont have to lose a significant amount and start over.
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gameboyadvance
Member
Offline
Activity: 94
Merit: 10
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January 09, 2015, 07:06:37 PM |
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I think the only important rule to keep track of when playing a pure luck based game and you want to maximize your playing time is the Kelly criterion - http://en.wikipedia.org/wiki/Kelly_criterionKnow that the odds are always against you though, so over time you will lose. Perhaps the best bet is to bet everything you own on one single bet hehe The Kelly formula is used when you are going to play games with positive EV, like when you are investing in the bankroll of a site. For negative EV games, the Kelly formula tells you not to play at all. yep this is true. Kelly stake is percentage of bankroll = edge / (odds -1) |
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Aemon
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January 09, 2015, 07:06:44 PM |
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On average, you should get a x9900 win in a total of 10000 bets. So if you make 100 bets a day, it takes you on average a bit more than 3 months.
I guess that depends on what you mean by average. If you roll that many times you roughly have a 66.67% chance of hitting it. I would say that is slightly above average. |
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