There is something interesting to see about casino live blackjack gambling, they complain a lot in betting and they say something about live blackjack is a scam.
Netent common live blackjack...scam?
I had crossed my mind how many days passed I wanted to place myself as a participant in live blackjack casino, after seeing this my mind changed and I also followed the chat on Netent common live blackjack...scam? My suspicions are getting stronger, I cancel it.
Topic: A BOLD player is considered a dangerous player at casinos and sportbooks. - page 3. (Read 523 times)
December 14, 2019, 11:47:38 PM
December 14, 2019, 11:06:31 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.Sides, the player is a lone guy, one guy. Even if he hits a jackpot, casinos literally have millions of players. They'd still be making profit out of it. Except when the player hits jackpot like 10 - 15 times on the highest stakes, but ofc, that only happens theoretically.
Not all casinos have millions of players but a lot of them have enough players where they can still profit. 
December 14, 2019, 10:51:31 PM
Well, A bold player is considered one cause they have no care for the possible repercussions for their continuous bids. This opens up a lot of paths for them since they basically aim for the win only. That, or they are just bloody crazy lmao.
Sides, the player is a lone guy, one guy. Even if he hits a jackpot, casinos literally have millions of players. They'd still be making profit out of it. Except when the player hits jackpot like 10 - 15 times on the highest stakes, but ofc, that only happens theoretically.
Sides, the player is a lone guy, one guy. Even if he hits a jackpot, casinos literally have millions of players. They'd still be making profit out of it. Except when the player hits jackpot like 10 - 15 times on the highest stakes, but ofc, that only happens theoretically.
December 14, 2019, 09:58:28 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.
You as a casino owner also take a risk and the risk is bigger if you allow people to play high stakes. A millionaire can come and break the bank in one go if you don't set limits.
More than the casino owners, the players are the one who risk big. This is all because of the assured edge that every casinos have got. More the risk more will be the earning as well as the losing. Yes, every casino has got the limit without which casinos can go bankrupt in a single roll. You as a casino owner also take a risk and the risk is bigger if you allow people to play high stakes. A millionaire can come and break the bank in one go if you don't set limits.
December 14, 2019, 06:21:25 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.
You as a casino owner also take a risk and the risk is bigger if you allow people to play high stakes. A millionaire can come and break the bank in one go if you don't set limits.
You as a casino owner also take a risk and the risk is bigger if you allow people to play high stakes. A millionaire can come and break the bank in one go if you don't set limits.
December 14, 2019, 05:41:27 PM
Why not move it yourself? Bottom left hand side click move topic and pick the appropriate section.
Yup, you are right. i didn't see that. Moved to discussion forum.
December 14, 2019, 05:35:39 PM
Yes, you are right about that. I missed it. I just sent a request to Cyrus (mod) to move it.
Cheers!
December 14, 2019, 05:07:23 PM
Yes, you are right about that. I missed it. I just sent a request to Cyrus (mod) to move it.
Cheers!
December 14, 2019, 04:58:03 PM
All I can say to that player is well played. That player did decide very well when that player won 200 mbtc then the player withdraw the winnings to avoid losing the profit. I know betbit may think that it's a dangerous player and yes it may cause problem to betbit about stored funds.
Yes, this is a gambling related topic but this topic should be moved to Gambling discussion.
Yes, this is a gambling related topic but this topic should be moved to Gambling discussion.
December 14, 2019, 04:36:02 PM
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 crypto casino (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 crypto casino (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.
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