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Author Topic: I made 100BTC with Satoshi's dice. Is this normal?  (Read 13976 times)
cst
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July 20, 2012, 10:19:37 PM
 #21

Maybe you're right, I'm back down to 50 BTC right now. Big bets are terrible when you lose.  :'( I'm still trying though!

If you continue playing house will win in the end ;)
AFAIR my balance with SD is around +0.01 :P I just stopped when I won my last bet and got even, it was getting too addictive ;)

Anyway, good luck.
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Lethos
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July 20, 2012, 10:26:48 PM
 #22

It's best to stop when you are ahead. The house always wins.

If you do win, you've beaten the odds, so get out before it gets a chance to win it back.

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EnergyVampire
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July 20, 2012, 10:27:02 PM
 #23

Quote from: UnitClick
Will do! I'm thinking of stopping when I hit 150 BTC. That'll give me enough bitcoins to buy some cool stuff from the forums and invest some for the long term. That is, if I don't lose it by then. Besides, I wouldn't want to let evorhees go hungry with my luck  Grin

Let us know which one you hit first: 150 BTC or 0 BTC

We are cheering you on, UnitClick! Cheesy

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July 20, 2012, 10:43:26 PM
 #24

Chasing doesn't work for martingale. All will be lost. ALL.

Martingale's are for stepping up to a roulette wheel for 15 minutes and leaving with a few extra bucks looking like a champ in front of your friends. Not chasing.

The longer you play, the probability of you losing everything quickly approaches 1.

For the love of god, don't do this.
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July 21, 2012, 12:59:20 AM
 #25

It's best to stop when you are ahead. The house always wins.

If you do win, you've beaten the odds, so get out before it gets a chance to win it back.

@unitclick, i wrote a script to do martingale betting for satoshi dice (it's on this forum somewhere), and quit when i was 30 btc ahead. 100% quit. satoshi dice was a lot of fun for me but if i never play it again, i'll remain ahead forever.


I don't like your attitude! If you come back, I'll send strippers and coke for you Smiley
Mr. Coinman
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July 21, 2012, 01:00:02 AM
 #26

That's awesome, congrats. If I were you I would jet out of there ASAP and never look back.  Cool

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July 21, 2012, 01:02:53 AM
 #27

I'll send strippers and coke for you Smiley


shit, it sounds like I should be playing satoshidice..

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July 21, 2012, 01:08:33 AM
 #28

It's like BC-Casino, once time I rise close to 100BTC playing blackjack starting with 10BTC and cashout, since then I keep playing and until now I almost lost 50BTC plus the 100BTC earned... But now I quit once for all...  Grin

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UnitClick
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July 21, 2012, 01:59:36 AM
 #29

Well, you guys were right. I ended up losing it all in a couple big bets, then I got back up to 30 BTC before losing most of it with the martingale strategy. Now I'm at zero. It's a weird feeling, to go from $0 to making $1000, then back to zero in a few days. Maybe I'll try Satoshi's dice again, but I've learned to quit while on top, since it's incredibly easy to lose massive sums of bitcoins QUICK.

I guess I just answered my original question. This is how the site stays afloat.

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July 21, 2012, 02:11:14 AM
 #30

As the proprietor of SatoshiDice, I can tell you that because you won that 100btc, my family will now not be able to eat this week. So enjoy your winnings!!!  Cry

Actually, someone won 900btc from SatoshiDice a few weeks ago on one bet. THAT really hurt.

People win and lose all the time on the site, but please remember that gambling should always be considered fun entertainment, never let it become an addiction. Also, for those of you who win money from the site, I encourage you to spend some portion of it in the Bitcoin economy. It helps nurture the ecosystem and Satoshi will bless you with good luck.

Wait, what? My idol owns SatoshiDice? Note to self: Do due diligence before choosing idols. (I have no opinion one way or the other on SD)

~Cackling Bear~
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July 21, 2012, 02:11:38 AM
 #31

Well, you guys were right. I ended up losing it all in a couple big bets, then I got back up to 30 BTC before losing most of it with the martingale strategy. Now I'm at zero. It's a weird feeling, to go from $0 to making $1000, then back to zero in a few days. Maybe I'll try Satoshi's dice again, but I've learned to quit while on top, since it's incredibly easy to lose massive sums of bitcoins QUICK.

I guess I just answered my original question. This is how the site stays afloat.
Shit, I came in too late to warn you on this.  Wink
Only way I've managed to stay in the win for SD was to keep betting in multiples of the previous bet, and stopping the game 100% while I was in the win.

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July 21, 2012, 02:12:23 AM
 #32

Well, you guys were right. I ended up losing it all in a couple big bets, then I got back up to 30 BTC before losing most of it with the martingale strategy. Now I'm at zero. It's a weird feeling, to go from $0 to making $1000, then back to zero in a few days. Maybe I'll try Satoshi's dice again, but I've learned to quit while on top, since it's incredibly easy to lose massive sums of bitcoins QUICK.

I guess I just answered my original question. This is how the site stays afloat.

now you can see why i feel like a total smart ass staying 30 BTC ahead forever Cheesy
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July 21, 2012, 04:09:09 AM
 #33

This seems incredibly easy and too good to be true. What am I missing here? The coins are confirming and all is well, but I can't imagine how this site stays profitable giving away $1000+ to a user. Does everyone usually win this much?

Hehe. Definitely not. I ended up -25BTC down first time I played. Never again. Makes me want to set up something similar.
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July 21, 2012, 05:03:26 AM
 #34

Well, you guys were right. I ended up losing it all in a couple big bets, then I got back up to 30 BTC before losing most of it with the martingale strategy. Now I'm at zero. It's a weird feeling, to go from $0 to making $1000, then back to zero in a few days. Maybe I'll try Satoshi's dice again, but I've learned to quit while on top, since it's incredibly easy to lose massive sums of bitcoins QUICK.

I guess I just answered my original question. This is how the site stays afloat.

This just kind of pisses me off. But, hope you had fun and learned a few things. Don't do it again.
Mr. Coinman
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July 21, 2012, 06:39:58 AM
 #35

Well, you guys were right. I ended up losing it all in a couple big bets, then I got back up to 30 BTC before losing most of it with the martingale strategy. Now I'm at zero. It's a weird feeling, to go from $0 to making $1000, then back to zero in a few days. Maybe I'll try Satoshi's dice again, but I've learned to quit while on top, since it's incredibly easy to lose massive sums of bitcoins QUICK.

I guess I just answered my original question. This is how the site stays afloat.


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July 21, 2012, 09:54:42 AM
 #36

Man, I got pissed when I went from .5btc to 3btc and lost it all, no way i could cope with losing 100  Cry
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July 21, 2012, 02:48:07 PM
 #37

Well, you guys were right. I ended up losing it all in a couple big bets, then I got back up to 30 BTC before losing most of it with the martingale strategy. Now I'm at zero. It's a weird feeling, to go from $0 to making $1000, then back to zero in a few days. Maybe I'll try Satoshi's dice again, but I've learned to quit while on top, since it's incredibly easy to lose massive sums of bitcoins QUICK.

I guess I just answered my original question. This is how the site stays afloat.

Pretty much. If 1000 people that gamble there always win 100 BTC, the site will be closed tomorrow.
Some people win big, some lose all their money.

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July 21, 2012, 04:48:36 PM
 #38

though iirc satoshidice was running at a loss for a while, i do not know if that is the case now

I regularly post statistics on https://bitcointalk.org/?topic=80312

About 24 hours ago they were 3000 BTC up overall:


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July 21, 2012, 07:04:40 PM
 #39

though iirc satoshidice was running at a loss for a while, i do not know if that is the case now

I regularly post statistics on https://bitcointalk.org/?topic=80312

About 24 hours ago they were 3000 BTC up overall:

i will work on fixing that tonight

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July 21, 2012, 07:10:43 PM
 #40

Oh man, I feel for you.

Try stopping a gambler when they're winning,
Then you'll know the real reason, the house always wins.
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