The gambler's fallacy, also known as the Monte Carlo fallacy or the
fallacy of the maturity of chances. Yikes! my buddy lost a grand in
roulette fast doing this. It was red 3x in a row so took black $20,
then $40, then $80, then $160, then $320, then put his last 450 he
had cause he didnt have a full 640 and lost every one. I was watching
the blood bath first hand. Worst part is on the next roll it hit black lol.
was a rough vegas trip for him lol. He donked off a grand before the
girl even got back with his free drink.
Topic: 20 BTC loss image in dice game (17 losses in a row at 50/50, 100% raise) (Read 1214 times)
December 06, 2015, 07:58:38 AM
December 06, 2015, 12:02:29 AM
20 BTC loss image in dice game (17 losses in a row at 50/50, 100% raise)
I was running strategy scenarios on our running Demo Platform and got this loss. 17 in a row. Very scarey if you were not betting with surplus funds. I share this to educate people as I have seen others post how to STOP Gambling. This might allow to see the dangers.
Our FREE demo site it up for all to try abd test their strategies. No charge. Be aware that our Ghost dialer has been clocked at 150 best a second so be careful.
Faucet is set to 20,000 Satoshi after original balance is used
This is free play, No cost to come and try, No win's will be honoured in Demo mode
TEST AT
http://demo.fastdice.com/
We do ask that you give feedback on nay bugs and any features you want to add.
1% House edge and the fastest BTC Dice in the world.
Still in development mode so not all features updated,
HAVE FUN!!!
I was running strategy scenarios on our running Demo Platform and got this loss. 17 in a row. Very scarey if you were not betting with surplus funds. I share this to educate people as I have seen others post how to STOP Gambling. This might allow to see the dangers.
Our FREE demo site it up for all to try abd test their strategies. No charge. Be aware that our Ghost dialer has been clocked at 150 best a second so be careful.
Faucet is set to 20,000 Satoshi after original balance is used
This is free play, No cost to come and try, No win's will be honoured in Demo mode
TEST AT
http://demo.fastdice.com/
We do ask that you give feedback on nay bugs and any features you want to add.
1% House edge and the fastest BTC Dice in the world.
Still in development mode so not all features updated,
HAVE FUN!!!
What is the base bet that you make first? How can you suppose to have that 20 btc loss? Although it is demo but it is pretty scary loss you have there. I guess you need to stop when you are on winning, why keep on rolling until 20 btc?
Starts at 10,000 so 2 more losses on other page. We are just testing a few senero's, speed and Server crunch tests before before launch. Will do a soft launch in next day or 2.
Just thought I would mention as there are people wanting to test their stratagies so no better way that a 100% test dice game. Will be giving away free credit vouchers on request,
I suggest anyone that is interested to test to jump on. Ill offer bounties soon
Well this is nothing strange. His base bet was 10 000 sat. what is too much in my opinion. People had much more lose streaks then 17. This automatic betting is crazy, I didnt notice on photo how much is limit of his throws and after how much throws this thing happened. I`m askin people around how many time can u lose? 17? 40? 120? Who can tell the right number, when we all know every throw is a new throw independet from last ones... Its just crazy when i try to calculate it in my head.
I did a random test locally the other day and with 100 million rolls, had hit a 49 losing streak twice, and a 50/51 losing streak each once. The 27 was like 20-30x per run. The question is how many rolls you're doing and if you're on the good luck side or the bad luck one,
.With 1 billion rolls I hit a streak of like 85 losses in a row.
December 05, 2015, 11:16:05 PM
20 BTC loss image in dice game (17 losses in a row at 50/50, 100% raise)
I was running strategy scenarios on our running Demo Platform and got this loss. 17 in a row. Very scarey if you were not betting with surplus funds. I share this to educate people as I have seen others post how to STOP Gambling. This might allow to see the dangers.
Our FREE demo site it up for all to try abd test their strategies. No charge. Be aware that our Ghost dialer has been clocked at 150 best a second so be careful.
Faucet is set to 20,000 Satoshi after original balance is used
This is free play, No cost to come and try, No win's will be honoured in Demo mode
TEST AT
http://demo.fastdice.com/
We do ask that you give feedback on nay bugs and any features you want to add.
1% House edge and the fastest BTC Dice in the world.
Still in development mode so not all features updated,
HAVE FUN!!!
I was running strategy scenarios on our running Demo Platform and got this loss. 17 in a row. Very scarey if you were not betting with surplus funds. I share this to educate people as I have seen others post how to STOP Gambling. This might allow to see the dangers.
Our FREE demo site it up for all to try abd test their strategies. No charge. Be aware that our Ghost dialer has been clocked at 150 best a second so be careful.
Faucet is set to 20,000 Satoshi after original balance is used
This is free play, No cost to come and try, No win's will be honoured in Demo mode
TEST AT
http://demo.fastdice.com/
We do ask that you give feedback on nay bugs and any features you want to add.
1% House edge and the fastest BTC Dice in the world.
Still in development mode so not all features updated,
HAVE FUN!!!
What is the base bet that you make first? How can you suppose to have that 20 btc loss? Although it is demo but it is pretty scary loss you have there. I guess you need to stop when you are on winning, why keep on rolling until 20 btc?
Starts at 10,000 so 2 more losses on other page. We are just testing a few senero's, speed and Server crunch tests before before launch. Will do a soft launch in next day or 2.
Just thought I would mention as there are people wanting to test their stratagies so no better way that a 100% test dice game. Will be giving away free credit vouchers on request,
I suggest anyone that is interested to test to jump on. Ill offer bounties soon
Well this is nothing strange. His base bet was 10 000 sat. what is too much in my opinion. People had much more lose streaks then 17. This automatic betting is crazy, I didnt notice on photo how much is limit of his throws and after how much throws this thing happened. I`m askin people around how many time can u lose? 17? 40? 120? Who can tell the right number, when we all know every throw is a new throw independet from last ones... Its just crazy when i try to calculate it in my head.
December 05, 2015, 10:13:52 PM
First of all, the bet that you describe is not a 50/50 bet, the win chance is only 49.5% in order to account for the 1% house edge.
Secondly, with martingale, there is a chance that you will sustain sufficient number of loosing consecutive bets so that you will bust every bet that you make. With every additional bet that you make, the chance increases that any set of previous bets that you have made will be sufficient to make you bust. So the chances of you busting after 200 bets is roughly double the chances of you busting after 100 bets. The fact that the ghost roller is so fast, the chances of quickly busting is high because you are making so many bets. Also on most sites, when the autoroller is going, you will be able to see each bet, so if you have a large loosing streak, and are still up overall, you can make the decision to stop the autoroller and simply take your win as is (or to cut your losses if you are down at that point), however with the autoroller on your site that is really not possible because the bets are too fast to see such a loosing streak before it is too late.
Secondly, with martingale, there is a chance that you will sustain sufficient number of loosing consecutive bets so that you will bust every bet that you make. With every additional bet that you make, the chance increases that any set of previous bets that you have made will be sufficient to make you bust. So the chances of you busting after 200 bets is roughly double the chances of you busting after 100 bets. The fact that the ghost roller is so fast, the chances of quickly busting is high because you are making so many bets. Also on most sites, when the autoroller is going, you will be able to see each bet, so if you have a large loosing streak, and are still up overall, you can make the decision to stop the autoroller and simply take your win as is (or to cut your losses if you are down at that point), however with the autoroller on your site that is really not possible because the bets are too fast to see such a loosing streak before it is too late.
People choose their own bet speeds, though. You can make it do 1/s. That's more than slow enough to follow along. If someone wants to speed it up, that's their own decision and is not the site's fault,
. 
December 05, 2015, 08:16:48 PM
First of all, the bet that you describe is not a 50/50 bet, the win chance is only 49.5% in order to account for the 1% house edge.
Secondly, with martingale, there is a chance that you will sustain sufficient number of loosing consecutive bets so that you will bust every bet that you make. With every additional bet that you make, the chance increases that any set of previous bets that you have made will be sufficient to make you bust. So the chances of you busting after 200 bets is roughly double the chances of you busting after 100 bets. The fact that the ghost roller is so fast, the chances of quickly busting is high because you are making so many bets. Also on most sites, when the autoroller is going, you will be able to see each bet, so if you have a large loosing streak, and are still up overall, you can make the decision to stop the autoroller and simply take your win as is (or to cut your losses if you are down at that point), however with the autoroller on your site that is really not possible because the bets are too fast to see such a loosing streak before it is too late.
Secondly, with martingale, there is a chance that you will sustain sufficient number of loosing consecutive bets so that you will bust every bet that you make. With every additional bet that you make, the chance increases that any set of previous bets that you have made will be sufficient to make you bust. So the chances of you busting after 200 bets is roughly double the chances of you busting after 100 bets. The fact that the ghost roller is so fast, the chances of quickly busting is high because you are making so many bets. Also on most sites, when the autoroller is going, you will be able to see each bet, so if you have a large loosing streak, and are still up overall, you can make the decision to stop the autoroller and simply take your win as is (or to cut your losses if you are down at that point), however with the autoroller on your site that is really not possible because the bets are too fast to see such a loosing streak before it is too late.
December 05, 2015, 08:02:17 PM
The matingale method is not working in the long term unless you have unlimited amount of money.
A lot of people try it and lose eventually.
Agreed, sooner or later you will only end up losing big or get addicted. A lot of people try it and lose eventually.
I've seen people hit a 20+ roll losing streak
December 05, 2015, 07:47:03 PM
I think the idea of having a demo mode where you can play without risk is a great way to get that "itch" that tells you "you must gamble today" even if you deep down know that it's stupid that you do so today because of X reasons. After you gamble a couple of time in demo mode, you somehow get rid of that terrible itch to roll the dice. This might be helpful for the really gambling addicts around here.
December 05, 2015, 06:30:11 PM
Yeah, variance can be a real biyatch sometimes. That's where proper bankroll management comes in. Unfortunately, many players only learn this the hard way.
December 05, 2015, 06:05:48 PM
The site doesn't work anymore now? It's replaced with fastdice.com, which req money to play
The demo site is offline, you cannot use it anymore. I had some login problems with fastdice.com site
December 05, 2015, 05:40:20 PM
Correct they launched the live version last week. They still have a faucet there if you want to try the site for free
December 05, 2015, 02:21:21 PM
The site doesn't work anymore now? It's replaced with fastdice.com, which req money to play
November 21, 2015, 12:51:37 PM
Martingales are most effective when only doing 2-steps maximum to limit your loss. I don't personally suggest doing it after a loss, but I personally martingale after a win. Only martingale twice and then stop 
November 21, 2015, 11:20:43 AM
20 BTC loss image in dice game (17 losses in a row at 50/50, 100% raise)
I was running strategy scenarios on our running Demo Platform and got this loss. 17 in a row. Very scarey if you were not betting with surplus funds. I share this to educate people as I have seen others post how to STOP Gambling. This might allow to see the dangers.
Our FREE demo site it up for all to try abd test their strategies. No charge. Be aware that our Ghost dialer has been clocked at 150 best a second so be careful.
Faucet is set to 20,000 Satoshi after original balance is used
This is free play, No cost to come and try, No win's will be honoured in Demo mode
TEST AT
http://demo.fastdice.com/
We do ask that you give feedback on nay bugs and any features you want to add.
1% House edge and the fastest BTC Dice in the world.
Still in development mode so not all features updated,
HAVE FUN!!!
I was running strategy scenarios on our running Demo Platform and got this loss. 17 in a row. Very scarey if you were not betting with surplus funds. I share this to educate people as I have seen others post how to STOP Gambling. This might allow to see the dangers.
Our FREE demo site it up for all to try abd test their strategies. No charge. Be aware that our Ghost dialer has been clocked at 150 best a second so be careful.
Faucet is set to 20,000 Satoshi after original balance is used
This is free play, No cost to come and try, No win's will be honoured in Demo mode
TEST AT
http://demo.fastdice.com/
We do ask that you give feedback on nay bugs and any features you want to add.
1% House edge and the fastest BTC Dice in the world.
Still in development mode so not all features updated,
HAVE FUN!!!
What is the base bet that you make first? How can you suppose to have that 20 btc loss? Although it is demo but it is pretty scary loss you have there. I guess you need to stop when you are on winning, why keep on rolling until 20 btc?
Starts at 10,000 so 2 more losses on other page. We are just testing a few senero's, speed and Server crunch tests before before launch. Will do a soft launch in next day or 2.
Just thought I would mention as there are people wanting to test their stratagies so no better way that a 100% test dice game. Will be giving away free credit vouchers on request,
I suggest anyone that is interested to test to jump on. Ill offer bounties soon
November 21, 2015, 11:11:41 AM
20 BTC loss image in dice game (17 losses in a row at 50/50, 100% raise)
I was running strategy scenarios on our running Demo Platform and got this loss. 17 in a row. Very scarey if you were not betting with surplus funds. I share this to educate people as I have seen others post how to STOP Gambling. This might allow to see the dangers.
Our FREE demo site it up for all to try abd test their strategies. No charge. Be aware that our Ghost dialer has been clocked at 150 best a second so be careful.
Faucet is set to 20,000 Satoshi after original balance is used
This is free play, No cost to come and try, No win's will be honoured in Demo mode
TEST AT
http://demo.fastdice.com/
We do ask that you give feedback on nay bugs and any features you want to add.
1% House edge and the fastest BTC Dice in the world.
Still in development mode so not all features updated,
HAVE FUN!!!
I was running strategy scenarios on our running Demo Platform and got this loss. 17 in a row. Very scarey if you were not betting with surplus funds. I share this to educate people as I have seen others post how to STOP Gambling. This might allow to see the dangers.
Our FREE demo site it up for all to try abd test their strategies. No charge. Be aware that our Ghost dialer has been clocked at 150 best a second so be careful.
Faucet is set to 20,000 Satoshi after original balance is used
This is free play, No cost to come and try, No win's will be honoured in Demo mode
TEST AT
http://demo.fastdice.com/
We do ask that you give feedback on nay bugs and any features you want to add.
1% House edge and the fastest BTC Dice in the world.
Still in development mode so not all features updated,
HAVE FUN!!!
What is the base bet that you make first? How can you suppose to have that 20 btc loss? Although it is demo but it is pretty scary loss you have there. I guess you need to stop when you are on winning, why keep on rolling until 20 btc?
November 21, 2015, 07:50:24 AM
The matingale method is not working in the long term unless you have unlimited amount of money.
A lot of people try it and lose eventually.
A lot of people try it and lose eventually.
I am aware, as it is our system and in demo mode, it is unlimited for a bit longer.
I see lots of threads asking about it so thought I would share the love...
Took 24 hrs to come up though..
November 21, 2015, 07:38:34 AM
The matingale method is not working in the long term unless you have unlimited amount of money.
A lot of people try it and lose eventually.
A lot of people try it and lose eventually.
November 21, 2015, 07:25:17 AM
Displayed for you bro 
20 BTC loss image in dice game (17 losses in a row at 50/50, 100% raise)
I was running strategy scenarios on our running Demo Platform and got this loss. 17 in a row. Very scarey if you were not betting with surplus funds. I share this to educate people as I have seen others post how to STOP Gambling. This might allow to see the dangers.
Our FREE demo site it up for all to try abd test their strategies. No charge. Be aware that our Ghost dialer has been clocked at 150 best a second so be careful.
Faucet is set to 20,000 Satoshi after original balance is used
This is free play, No cost to come and try, No win's will be honoured in Demo mode
TEST AT
http://demo.fastdice.com/
We do ask that you give feedback on nay bugs and any features you want to add.
1% House edge and the fastest BTC Dice in the world.
Still in development mode so not all features updated,
HAVE FUN!!!
I was running strategy scenarios on our running Demo Platform and got this loss. 17 in a row. Very scarey if you were not betting with surplus funds. I share this to educate people as I have seen others post how to STOP Gambling. This might allow to see the dangers.
Our FREE demo site it up for all to try abd test their strategies. No charge. Be aware that our Ghost dialer has been clocked at 150 best a second so be careful.
Faucet is set to 20,000 Satoshi after original balance is used
This is free play, No cost to come and try, No win's will be honoured in Demo mode
TEST AT
http://demo.fastdice.com/
We do ask that you give feedback on nay bugs and any features you want to add.
1% House edge and the fastest BTC Dice in the world.
Still in development mode so not all features updated,
HAVE FUN!!!
November 21, 2015, 07:21:27 AM
Hmmm How do I get the image to display in the Thread instead of showing the URL? Im still learning
https://i.imgur.com/BKBGuC1.jpg
https://i.imgur.com/BKBGuC1.jpg
use this code
Code:
[img]picture url[/img]
since you are only a newbie, you cant post pictures yet and it will only turn to links but once you become atleast Jr Member then you can post pictures
Can you give me the sticky url of what you get when, Some features I need and not sure if I can wait. Maybe a donation might speed it out. Advice appreciated..
November 21, 2015, 07:08:01 AM
Hmmm How do I get the image to display in the Thread instead of showing the URL? Im still learning
https://i.imgur.com/BKBGuC1.jpg
https://i.imgur.com/BKBGuC1.jpg
use this code
Code:
[img]picture url[/img]
since you are only a newbie, you cant post pictures yet and it will only turn to links but once you become atleast Jr Member then you can post pictures
November 21, 2015, 07:05:20 AM
Hmmm How do I get the image to display in the Thread instead of showing the URL? Im still learning
https://i.imgur.com/BKBGuC1.jpg
https://i.imgur.com/BKBGuC1.jpg
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