Topic: A BOLD player is considered a dangerous player at casinos and sportbooks. - page 2. (Read 523 times)
December 18, 2019, 10:33:17 AM
Fortune not always favors the bold and this is especially true in gambling.I don’t get what you want to say with this thread and why is he a dangerous player for your company,because he won sometimes,we all know in the long run the house edge cannot be beaten.He will lose I am sure of it if he continues to play in the same style.Luck cannot be forever by one side.
December 18, 2019, 10:05:05 AM
Let's go over real quickly why. In small data-sets, there is more statistical variance. More opportunity to go against the theoretic odds. In classic blackjack, playing Basic Strategy, the odds are about 99.4%. The more hands you play, the closer you are going to get to 99.4%. This player defies the odds of small sample sizes.
That's not how probabilities work. The chance to win or lose any individual game is the same regardless of sample size.
Casino's sample size is large enough anyways so even accepting your premise they still don't have anything to worry about.
December 18, 2019, 09:15:10 AM
CAUTION: I am not telling you to do this. I wanted to share an inside perspective on what Betbit.com considers a "dangerous" player and why.
As many know I represent Betbit.com. Recently we have a fearless player from this forum that logs in and wins 200mBTC on a 100mBTC deposit in less than 15 minutes on many occasions. The reason why I am posting is to congratulate him (will not be named) and tell the community a little secret about what brands consider dangerous players.
The players who make admins nervous are those who bet large amounts in short periods of time. It's actually more specific than that. Here's a real-world example that is recent. A player has recently deposited 100mBTC. He plays classic live dealer blackjack (Shameless link insert ). He originally plays with 25mBTC per hand. He doubles down on subsequent bets. First 25, then 50, then 100. He can go higher, but he withdrawals after around 200mBTC.
Bitcoin casinos can get in trouble because the deposits and withdrawals are fast without interference from a human cashier. instant. These players come like Barracudas sttacking prey and leaving quickly having feasted.
Let's go over real quickly why. In small data-sets, there is more statistical variance. More opportunity to go against the theoretic odds. In classic blackjack, playing Basic Strategy, the odds are about 99.4%. The more hands you play, the closer you are going to get to 99.4%. This player defies the odds of small sample sizes.
Don't get me wrong. The player can and does lose on occasion. You can lose everything really fast as well.
As many know I represent Betbit.com. Recently we have a fearless player from this forum that logs in and wins 200mBTC on a 100mBTC deposit in less than 15 minutes on many occasions. The reason why I am posting is to congratulate him (will not be named) and tell the community a little secret about what brands consider dangerous players.
The players who make admins nervous are those who bet large amounts in short periods of time. It's actually more specific than that. Here's a real-world example that is recent. A player has recently deposited 100mBTC. He plays classic live dealer blackjack (Shameless link insert ). He originally plays with 25mBTC per hand. He doubles down on subsequent bets. First 25, then 50, then 100. He can go higher, but he withdrawals after around 200mBTC.
Bitcoin casinos can get in trouble because the deposits and withdrawals are fast without interference from a human cashier. instant. These players come like Barracudas sttacking prey and leaving quickly having feasted.
Let's go over real quickly why. In small data-sets, there is more statistical variance. More opportunity to go against the theoretic odds. In classic blackjack, playing Basic Strategy, the odds are about 99.4%. The more hands you play, the closer you are going to get to 99.4%. This player defies the odds of small sample sizes.
Don't get me wrong. The player can and does lose on occasion. You can lose everything really fast as well.
We can consider this kind of player as a veteran who has played hundreds of times before and have established a calculated method of betting in this manner, those who play for fun I doubt will do that, but whoever he is I'm pretty sure he is a certified gambler who knows his game very well.
December 18, 2019, 07:10:10 AM
It isn't just about being bold. Actually being bold in gambling is good but that's not enough. You also have to be analytical. What's the sense of confidence in betting big amount of money if you don't think carefully and you don't analyze things before betting. Sometimes too much confidence isn't good. You can earn big time but with higher risk of losing your money big time. And why would casinos be afraid of this kind of gamblers when they the edge over the gambler?
Gamblers mindset is different though, they don't used logic here, they just wanted to win that's all. As for being bold, I'm just surprised though that some insider like the OP has admitted that they're afraid of this kind of players? Correct me if I'm wrong here. I guess it's fairly to assume that online casino's themselves can be call barracuda as well?
December 17, 2019, 01:03:35 PM
Of course, that player is living what every gambler wanted to be, take the bold risk or go home.
But I think casino operators are all aware of this and I wouldn't say that they are afraid, because sooner or later someone will come back again, play that same pattern and loss. And that is why max bet are put into place, to at least stop whales from running out casinos bankroll.
I agree to that, as whales can easily play and sucked the house bankroll if they won't put any limitations. Those big fat whales who can easily bets high rolls and continue doubling then after winning will simply go and bring all the winnings. But I think casino operators are all aware of this and I wouldn't say that they are afraid, because sooner or later someone will come back again, play that same pattern and loss. And that is why max bet are put into place, to at least stop whales from running out casinos bankroll.
Take the risk but use your resources to increase your chances to win over the house.
December 17, 2019, 12:55:22 PM
It isn't just about being bold. Actually being bold in gambling is good but that's not enough. You also have to be analytical. What's the sense of confidence in betting big amount of money if you don't think carefully and you don't analyze things before betting. Sometimes too much confidence isn't good. You can earn big time but with higher risk of losing your money big time. And why would casinos be afraid of this kind of gamblers when they the edge over the gambler?
December 17, 2019, 12:35:00 PM
What story teller wanted to say?
OP meant that if you are a fearless gambler, your chances of winning are higher as opposed to a person who do not take big risk in gambling. Although I somewhat agree that you should have appositive mode when you play gambling and should have belief in yourself that you will win but again sometimes the luck even do not help the brave too. It will also make you lose big if you take more risky moves.
Being bold doesn't guaranty you a win, you still have to take a chance, even if you take the game in a calculated way, the chances are still there that you are going to lose, but big bettors can always extend their bet until they reach the win that they want, one of the cases is the martingale method, where doubling your bet for every lost as long as you have funds or can add.
December 17, 2019, 12:30:57 PM
He might be bold but he should also be wise on when to stop and when to continue, I have seen players like that who bet big amount just to chase the winning roll, but this kind of people although bold are sometimes reckless and put more funds in the hope of betting more thinking that he can beat the house not only once, or twice but continuously and this is where the problem comes.
Maybe the player is trying to expand or scale up his/her strategy. A good player will probably try to experiment with some strategies that work sometimes on larger scale. Example: he plays a strategy called Paroli (found here: https://bitcointalksearch.org/topic/2-dice-strategies-that-might-be-proven-helpful-5206782) for four days, to win some days and lose some days in hopes of winning more days and making profits?
December 17, 2019, 11:56:42 AM
Of course, that player is living what every gambler wanted to be, take the bold risk or go home.
But I think casino operators are all aware of this and I wouldn't say that they are afraid, because sooner or later someone will come back again, play that same pattern and loss. And that is why max bet are put into place, to at least stop whales from running out casinos bankroll.
But I think casino operators are all aware of this and I wouldn't say that they are afraid, because sooner or later someone will come back again, play that same pattern and loss. And that is why max bet are put into place, to at least stop whales from running out casinos bankroll.
but they can just bet small if not max bet or bet any other currency to continue playing and winning if ever they can and i see that other whale gamblers create a new account so that they can continue smashing the gambling site but owners are i think aware with these tactics but you are still right that not all are going to be the winner .
from 3 out of 10 i think the 3 are only the winners but the rest 7 are loosers so owners still continues to profit . this is why they are brave to face dangerous players .
December 15, 2019, 01:45:27 PM
Of course, that player is living what every gambler wanted to be, take the bold risk or go home.
But I think casino operators are all aware of this and I wouldn't say that they are afraid, because sooner or later someone will come back again, play that same pattern and loss. And that is why max bet are put into place, to at least stop whales from running out casinos bankroll.
But I think casino operators are all aware of this and I wouldn't say that they are afraid, because sooner or later someone will come back again, play that same pattern and loss. And that is why max bet are put into place, to at least stop whales from running out casinos bankroll.
December 15, 2019, 12:25:31 PM
Could i consider myself bold if i do able to have 100% profit on 1-2 seconds on making my 100mbtc to 200mbtc? 
Yeah,we are talking blackjack on here and youre just telling samples of basic way of betting and its not a rare thing.
Yeah,we are talking blackjack on here and youre just telling samples of basic way of betting and its not a rare thing.
December 15, 2019, 12:10:34 PM
How many of these bold players actually win? I don't think they're more dangerous because the numbers stay the same. A player staking 100 mbtc has exactly the same odds as one that plays with just 10mbtc. The 100 guy takes a bigger risk and gets a bigger reward. Your casino rake is also bigger.
The numbers should even out but imo they're still dangerous in a way that the player can quickly walk away with a win from doing the same strategy.If it is so, then what's stopping you or anybody else from doing the same thing? Playing high stakes for a round or 2 and walking away the moment you win?
Saying that bold players fare better than others or that they're dangerous to casinos is more of a joke or maybe an attempt to make people try this strategy.
You play slow you lose slow you play fast you lose fast, you cannot cheat math.
December 15, 2019, 10:17:48 AM
He might be bold but he should also be wise on when to stop and when to continue, I have seen players like that who bet big amount just to chase the winning roll, but this kind of people although bold are sometimes reckless and put more funds in the hope of betting more thinking that he can beat the house not only once, or twice but continuously and this is where the problem comes.
December 15, 2019, 08:20:14 AM
Of course, bold people are dangerous in gambling, I agree with that. If a person is putting a lot of money fast into the game, this person can lose a lot, but this person can win a lot as well, which makes it a high risk for a casino. Setting a reasonable maximum bet can solve the issue, but not always, since always betting a maximum bet is also bold. I wanted to add that these people are also annoying in player vs player games. When I played poker online, I hated it when people were raising the bet all the time since the very beginning! I could not handle the stress of playing against such people and often folded unless I had really good cards. I'm bad at poker, that's true, but I also think that such people might frighten a lot of players and in a way gain advantage over them. But this strategy is risky to both others and the gambler that uses it, since if someone stays strong against such moves or the odds don't go in one's favor, it's gonna be a very big loss.
December 15, 2019, 06:12:53 AM
As the saying goes, "Fortune favors the bold."
But really? How can the house be afraid of the bold? They have house edge on their favor. The one taking the risk here is the gambler. He can easily lose it all in a 3-4 losing streak. This is just propaganda to make you deposit and bet large amounts.
But really? How can the house be afraid of the bold? They have house edge on their favor. The one taking the risk here is the gambler. He can easily lose it all in a 3-4 losing streak. This is just propaganda to make you deposit and bet large amounts.
December 15, 2019, 05:52:31 AM
So he is dangerous on the fact that he might get successful bets and get massive amounts of money in the bankroll? Isn't that also a gamble by the casino itself? We all know that in every aspect of life, especially business, there are risks that you have to take, and the casino is risking that part of their business in exchange for the possible players' ability to win.
Thanks for sharing this info, I think this would be ideal for casino owners.
Thanks for sharing this info, I think this would be ideal for casino owners.
December 15, 2019, 05:23:58 AM
What story teller wanted to say?
OP meant that if you are a fearless gambler, your chances of winning are higher as opposed to a person who do not take big risk in gambling. Although I somewhat agree that you should have appositive mode when you play gambling and should have belief in yourself that you will win but again sometimes the luck even do not help the brave too. It will also make you lose big if you take more risky moves.
I smiled as soon as I understood what Op is trying to say. I guess the casino owners are scared/suspicious of brave bettors who take risk with high bet. I thought they want big bets, never knew some are scared of them. Or they are probably terrified of the "bravery" or "believe" lol. Interesting irony.
Casinos are not really "scared/suspicious of brave bettors who take risk with high bet". They want this kind of brave or high-risk takers. In fact casinos would extend additional treatment to high rollers. In casinos, big time gamblers are well-loved and even labelled as VIP. There will be perks given to them that ordinary gamblers cannot enjoy. What they probably hate are those who hit, and hit hard, and then run afterwards. Casinos love brave and high rollers for as long as they stay. The longer they stay, the higher the probability that they will lose. If they win but continue to stay brave and risky in betting, the casinos will always have the last laugh. And so they don't care much when these gamblers win; they know these gamblers will lose eventually.
What casinos hate are these:
These players come like Barracudas sttacking prey and leaving quickly having feasted.
December 15, 2019, 04:35:05 AM
What story teller wanted to say?
OP meant that if you are a fearless gambler, your chances of winning are higher as opposed to a person who do not take big risk in gambling. Although I somewhat agree that you should have appositive mode when you play gambling and should have belief in yourself that you will win but again sometimes the luck even do not help the brave too. It will also make you lose big if you take more risky moves.
I smiled as soon as I understood what Op is trying to say. I guess the casino owners are scared/suspicious of brave bettors who take risk with high bet. I thought they want big bets, never knew some are scared of them. Or they are probably terrified of the "bravery" or "believe" lol. Interesting irony.
December 14, 2019, 11:57:01 PM
It's his/her money, let him bet as the way that Individuals want.
You cannot control someone's betting style by posting here and giving it a term.
Will that stop us or others! I doubt that.
It is dangerous for your website and not for that individual as he/she knows they might lose everything.
Thanks but no thanks for this incredible post.
You cannot control someone's betting style by posting here and giving it a term.
Will that stop us or others! I doubt that.
It is dangerous for your website and not for that individual as he/she knows they might lose everything.
Thanks but no thanks for this incredible post.
December 14, 2019, 11:55:10 PM
What story teller wanted to say?
OP meant that if you are a fearless gambler, your chances of winning are higher as opposed to a person who do not take big risk in gambling. Although I somewhat agree that you should have appositive mode when you play gambling and should have belief in yourself that you will win but again sometimes the luck even do not help the brave too. It will also make you lose big if you take more risky moves.
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