Topic: [ANN] Lottocoin as a SCAM - page 3. (Read 9068 times)

I have a mathematical background

Having 15 times RED when you put on black .. and having that happening many cycles, THE MATHEMATICAL chance to happen in your first 100 consecutive games. If you say it is possible then PROVE IT ..

Then try lotwin casino and see for yourself. There is not a feeling, but a CERTAINITY that it is rigged.

Like i told u plenty of times Just because u dont Like 1 Casino Doesnt mean the Whole Coins is Bad
i Announced plenty of times that we Got loads of Games incoming this Month Including a Casino wich im 100% u would think is Fair
Just stay away From Lotwin if u Dont like it and wait for the Others Casinos

If you guys really did lose like you say post your IDs and i will  post your play history

Hello mate.

Casinos are profitable based on maths. So I want to prove you that you are vary wrong.
Just to mention that I dont know that website nor the devs of lotocoin or website owners.

As I checked on website they use American roulette, which mean have dubble zero.

The chances for a Double-Zero Roulette is 47.37% on Red or Black and 5.26% on greens (2.63% on each)  (source)

So I wrote a little javascript code to take for example 100000 spins (with that odds) and count how many times the same color picked in a row.

And here are the results:


Of course  you can check my code and run tests here: http://jsfiddle.net/4Q65v/1/

So, giving you 15 times in a row Black, its normal! Its simple maths and chances.
You probably used Martingale strategy to earn some easy cash, but those strategies in long term fail cause of the edge on roulette. (thats why they have zero(s))
If you had more money to afford to double your bets on every lose then you can win that edge, but its impossible.

I dont know if you have gambling problems, you know better, but get a pen and do some simple maths. Then accept it.

My 2 satoshis.

A place I part ways with some of the human race. Maybe having worked in a casino as a kid or watching markets forever or both. But how or why do people gamble against fixed odds against them and think they are not going to lose?

To me it is like jumping off bridge thinking you will fly. It's math dude. It isn't going to change for you.

Strange.

deptechs stats

http://www.lotwincasino.com/1/drepteck.jpg

YOu lost 100k in 300 hands, ok. but also your biggest win was 60,000, maybe some others also? and theres some big bets in there. you only need to lose 18 6k bets to lose 100k

You should of tried different games, if you win big on a machine, or its paying shit move to a different machine.

some pay small wins more frequently and less big wins, while others pay big wins more often and less small wins.
and of corse luck is involved

I can post pics too!

Wow how naive and gullible do you think we are to believe those stats. Give me a break. Anyways, what needed to be said was said and I'm sticking to it based solely on MY experience.

Why would he Rig the Casino himself? he has A Mining rig + Premined coins he would barely make anything on the Casino
Compared to what he has

Casino makes:

And you know this as an absolute 100% fact, and you also know for a fact that mrlotto has no alternate accounts at all, or that he didn't create the coin solely for the purpose of spamming rigged games? Yeah right, pull the other one. Also this still doesn't make up for 1. locking the thread and policing the new one, 2. never addressing the complaints, 3. still touting the scam casino, 4. calling all of us idiots. It's too late to save face, the damage is done.

Hi everyone.
Would like to tell you that I have been with lottocoin from the start, but the sad story is that the developers are working together with online casino makers in order to rip people off.
The lotwincasino that they advertise in their starting page is a complete SCAM and rip off, giving you 15 blacks in a raw when you put red so they can harvest as many lottocoins as possible.

The developer 'MrLotto' is saying that we only say these because we are upset that we 'lost money' in that casino (clearly supporting the casino) but in fact, out of the total of 14 million lottocoins I was playing maybe 100K but in many hundreds of games to figure out if it is really a scam or not. Thus I consider 100K lottocoin a very small amount and I do not regret losing it as I found out the truth about that casino, MrLotto and all this coin.

As of now I have sold every lottocoin I had and I advise everyone to do the same as mostly probably the next BIG GAMES they scream about coming in next week are rigged as much as lotwincasino, they just announce many things every week to pump the coin again.

This is only a pump and dump coin and many on the start thread are agreeing with that even if they have been supporting lottocoin from the start.
When they tried to make creative and supporting criticizing, they were sweared at, called that they spread FUD and so on.

As a matter of fact now I am banned from the thread, because they find me 'not supporting the coin' after I have thrown many megahashes at it with the intend to hold the coin for a long long time, maybe even one year plus, with no intention to pump and dump it immediately.

I wish them luck, but people holding lottocoins should know exactly what this coin is about and research more to see that the devs and the online casino owners are somehow related.
They have even bribed one guy to forge the poll results where lottocoin would be added in some important network payment. That guy was having multiple accounts in bitcointalk.org and clicking thru proxies the lottocoin radio button.

This is their way of 'raising' the coin which you can't see in many other coins. I think it is the most rigged coin of all and I advise everyone to get rid of it as probably it has no chance of survival in the future. If you are choosing to hold this, you are choosing to support this network of people that look only into their profit and you will probably not be able to profit. This coin is dubious and I would not trust it for the future.
I would rather keep my money into BTC than buying lottocoin.

Thanks for listening and I know that some other people will come to support me regarding this matter .. also you can read by yourself all the conversations in lottocoin starting thread to see that everything I say is true and they are just sketchy ...

Lottocoin is premined crap with no open book for premined !!! Careful where you put your valuable BTC !

The Casino is Operated by Redcoin only

I agree, if the dev had any balls then he would have left the old thread open and unmoderated and said "Lotwincasino is being called out as a scam by a bunch of people? Ok I'll remove it from the first post, sorry about that guys, we have a new poker game coming out!" That would have ended the dispute and saved face. Instead the douchebag DOESN'T address the concern, likely because he runs the scam casino himself, locks the thread, opens a new moderated one and deletes EVERY negative post forcing this one to be created. And even in the new thread still touts the scam casino as if everything that was posted was completely ignored. Is the dev a clueless idiot that doesn't care about his coin? Or is he the scammer behind it all, you decide, but I am leaning towards the latter.

Then do what is fucking right and get redcoin to fix the payouts and add some lower betting amounts for the slots (1,2,5,10 etc) 500 coin rolls are retarded unless your a high roller, which most are not.

end this retarded shit fest so we can have 1 unmoderated thread and all get along. I mean we all have the same goal here, right? get rich, fuck bitches?

NONE OF THIS IS HELPING ANYONE