Any sympathy for an ex-gambler who lost 2.15 BTC?

jackjack

legendary

Activity: 1176

Merit: 1280

May Bitcoin be touched by his Noodly Appendage

Quote from: Mooshire on August 25, 2013, 03:17:53 PM

Quote from: /dev/null on August 25, 2013, 02:26:24 PM

Quote from: HollowIP on August 25, 2013, 02:03:58 PM

Yes, its completely possible to lose 5 times in a row at 50/50. There's been much much math done about it and you can find it anywhere on the internet.

do you even know what will be chances of happening that on a gamble site.

Ps: fuck math use common sense.

0.5 ^ 5 = 0.031 aka 3.1%

its possible.

Bitcoin address collision:

1 / (2^160) = 6.84*10^-49 aka (6.84*10^-47)%

its possible.

b!z

legendary

Activity: 1582

Merit: 1010

Protip: don't gamble what you can't afford to lose. At least you didn't lost 21.5 or 215.

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

The odds are the odds. Numbers do not lie. A 111 (one hundred eleven) loss streak or consecutive losses, or losses in a row has been recorded on JD at 10% chance to win.

If you ignore math, common sense will tell you that you lose half the time on 50/50.

Common sense will also tell you that if you play 10,000 times, you will likely lose 5,000 times. Some of those will clump together right beside each other. It's not hard to imagine 20 to 40 of them stick together out of 5,000.

November, you have my sympathy. But you don't have my coins. Heheh. I lost just like you did. If you can't beat them, join them. Let's go make our own casino so we will be the house. The house that always wins.

ruletheworld

legendary

Activity: 1386

Merit: 1045

I am sorry for your loss. As a matter of personal philosophy, I won't give you 'free Bitcoin' to make up your loss. However, I am willing to work with you for my blog - see my address. I could use some material from someone who's been in the game for a while. If you're interested in this "job", please contact me here or through my email on my blog. That's the best I can offer you right now. Good luck!

Jgguy

full member

Activity: 120

Merit: 100

Sorry to hear you lost some coins. However I'm sure the vast majority of people here have lost gambling as well. Most people can treat gambling as just a from of entertainment. I know for others it can become an addiction. For bitcoin, blocking the gambling sites helps that. Keeping coins in cold storage so they are harder to access can help as well

peonminer

hero member

Activity: 798

Merit: 531

Crypto is King.

Why people give their money to these websites.... I haven't a clue.

Dougie

full member

Activity: 211

Merit: 100

You are not special.

I feel sorry for you but considering you've managed to mine blocks I think you have had more bitcoins than I've had to play with. I have lost a similar amount of bitcoins. It hurts a lot but at the end of the day it's just money. You learn from your mistakes.

Quote

I've seen the bad side of gambling a few times. More so recently. I won't mention names, but within the week a person took out 50btc from coinbase without having the money to back it in their bank account.

They then proceeded to gamble with it on a dice website. They thought it was harmless until they lost it all. In a panic they started to contemplate suicide, taking out loans, and etc. They eventually decided to take more BTC out of coinbase without having the money to back it and attempt to win their losses back. Thankfully, for many people's sake, they did indeed win back their 50btc loss, plus a couple btc extra. Still though, that's some destructive behavior and had they lost again who knows what may have happened.

Be careful when gambling- If you cannot handle it, get out while you can.

Scary story. I hope I never become addicted.

danyy

full member

Activity: 145

Merit: 100

You have to play with money that you need. Because if you have fear to lose it, you will lose it.

darkmule

legendary

Activity: 1176

Merit: 1005

Nope.

No sympathy whatsoever. No scorn, either, though.

It is what it is.

HollowIP

sr. member

Activity: 518

Merit: 250

Quote from: Mooshire on August 25, 2013, 03:17:53 PM

Quote from: /dev/null on August 25, 2013, 02:26:24 PM

Quote from: HollowIP on August 25, 2013, 02:03:58 PM

Yes, its completely possible to lose 5 times in a row at 50/50. There's been much much math done about it and you can find it anywhere on the internet.

do you even know what will be chances of happening that on a gamble site.

Ps: fuck math use common sense.

0.5 ^ 5 = 0.031 aka 3.1%

its possible.

Exactly, and figure there is a 3% chance your first roll will be 97or> and this happens often. 3% is almost guaranteed the longer and longer you roll the dice.

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

Quote from: marcovaldo on August 25, 2013, 01:36:42 PM

Sorry but no.

Mooshire

sr. member

Activity: 322

Merit: 250

Quote from: /dev/null on August 25, 2013, 02:26:24 PM

Quote from: HollowIP on August 25, 2013, 02:03:58 PM

Yes, its completely possible to lose 5 times in a row at 50/50. There's been much much math done about it and you can find it anywhere on the internet.

do you even know what will be chances of happening that on a gamble site.

Ps: fuck math use common sense.

0.5 ^ 5 = 0.031 aka 3.1%

its possible.

HollowIP

sr. member

Activity: 518

Merit: 250

Quote from: /dev/null on August 25, 2013, 02:26:24 PM

Quote from: HollowIP on August 25, 2013, 02:03:58 PM

Yes, its completely possible to lose 5 times in a row at 50/50. There's been much much math done about it and you can find it anywhere on the internet.

do you even know what will be chances of happening that on a gamble site.

Ps: fuck math use common sense.

Chances are pretty good mate.

/dev/null

sr. member

Activity: 308

Merit: 250

Quote from: HollowIP on August 25, 2013, 02:03:58 PM

Yes, its completely possible to lose 5 times in a row at 50/50. There's been much much math done about it and you can find it anywhere on the internet.

do you even know what will be chances of happening that on a gamble site.

Ps: fuck math use common sense.

HollowIP

sr. member

Activity: 518

Merit: 250

Quote from: /dev/null on August 25, 2013, 01:58:34 PM

Quote from: HollowIP on August 25, 2013, 01:51:11 PM

I don't think its rigged at all. As for gambling goes, these games go under the most criticism and peer review than anything you can find. Even if there was a chance its rigged, it's still far better odds than anything you could ever find.

These numbers are random, you just cannot predict what will come next, though its unfortunate that unlucky streaks happen, it must otherwise it would be even more fishy. Binomial Distribution dictates that the more you 'roll' or play, the more likely you will find things not always happening 100% as they should. The longer you play the more losing or winning streaks you will find.

For example, the other day I had 20 losses,, then 1 win, then 10 more losses in a row all on 44%. This would seem weird had it been my first streak (though, thats still possible) but considering I had rolled 80,000 times beforehand, this was expected eventually.

That's their game plan lol.
People can not predict and think it's their bad luck but actually they fool peoples and grow their money.
There's NO fucking way someone can loose more than 5 times in a row at 50/50. Also why it happend when guy was betting high amounts only.

Yes, its completely possible to lose 5 times in a row at 50/50. There's been much much math done about it and you can find it anywhere on the internet.

/dev/null

sr. member

Activity: 308

Merit: 250

Quote from: HollowIP on August 25, 2013, 01:51:11 PM

I don't think its rigged at all. As for gambling goes, these games go under the most criticism and peer review than anything you can find. Even if there was a chance its rigged, it's still far better odds than anything you could ever find.

These numbers are random, you just cannot predict what will come next, though its unfortunate that unlucky streaks happen, it must otherwise it would be even more fishy. Binomial Distribution dictates that the more you 'roll' or play, the more likely you will find things not always happening 100% as they should. The longer you play the more losing or winning streaks you will find.

For example, the other day I had 20 losses,, then 1 win, then 10 more losses in a row all on 44%. This would seem weird had it been my first streak (though, thats still possible) but considering I had rolled 80,000 times beforehand, this was expected eventually.

That's their game plan lol.
People can not predict and think it's their bad luck but actually they fool peoples and grow their money.
There's NO fucking way someone can loose more than 5 times in a row at 50/50. Also why it happend when guy was betting high amounts only.

escrow.ms

legendary

Activity: 1274

Merit: 1004

Quote from: C10H15N on August 25, 2013, 01:41:40 PM

I feel bad for anyone caught up in a self destructive addiction. Sad

Bitcoin Gambling isn't a bad thing but some new site owners wants to get rich quickly by doing scams by fooling peoples and saying it's "Provable Fair".

HollowIP

sr. member

Activity: 518

Merit: 250

I don't think its rigged at all. As for gambling goes, these games go under the most criticism and peer review than anything you can find. Even if there was a chance its rigged, it's still far better odds than anything you could ever find.

These numbers are random, you just cannot predict what will come next, though its unfortunate that unlucky streaks happen, it must otherwise it would be even more fishy. Binomial Distribution dictates that the more you 'roll' or play, the more likely you will find things not always happening 100% as they should. The longer you play the more losing or winning streaks you will find.

For example, the other day I had 20 losses,, then 1 win, then 10 more losses in a row all on 44%. This would seem weird had it been my first streak (though, thats still possible) but considering I had rolled 80,000 times beforehand, this was expected eventually.

C10H15N

legendary

Activity: 948

Merit: 1026

I feel bad for anyone caught up in a self destructive addiction. Sad

escrow.ms

legendary

Activity: 1274

Merit: 1004

Quote from: Remember remember the 5th of November on August 25, 2013, 01:34:21 PM

Quote from: escrow.ms on August 25, 2013, 01:32:54 PM

I also lost 0.5 BTC on primedice yesterday. Undecided

http://gyazo.com/93dbee19fdb5280978d7a9c52ed30e48.png

Possibly because of this https://bitcointalksearch.org/topic/is-primedice-really-provablyfair-253144

Agreed it's rigged somehow, otherwise i don't think anyone will lose 50/50 7-8 times in a row or win small bets and loose a big one at 90% (Happend to me).

Quote from: HollowIP on August 25, 2013, 01:38:01 PM

Each and every time I get my profit to 0.5 on just-dice I lose it. Happened at least 4 times. haha, next time imma withdraw when I hit 0.45 Tongue

Same on primedice, i started playing with their free 0.0001 and got 0.001 then lost half of it, then played again and lost all at 93%.

Topic: Any sympathy for an ex-gambler who lost 2.15 BTC? (Read 3072 times)