BitDice Player Just Won 500BTC | Bitcointalksearch.org

dooglus

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Quote from: justspare on December 09, 2015, 05:05:27 AM

Is this real or is it another publicity stunt?

I mean I trust BitDice because I've played there many times without any problems at all, but this 500 BTC win just seems unreal Huh

Unreal how?

There's nothing unusual about the bets other than their size. Some people like to gamble with large amounts, and bitdice lets them do it.

Bets of this size used to be a regular occurrence a year or two ago.

paka

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Quote from: justspare on December 09, 2015, 05:05:27 AM

Is this real or is it another publicity stunt?

I mean I trust BitDice because I've played there many times without any problems at all, but this 500 BTC win just seems unreal Huh

No one is forcing you to believe then I guess like other dice sites the whale gamblers are also for publicy stunts.
Like Akcoinminer who visited every dice site before and wager thousands of bitcoin. I guess he is also a sockpuppet of each site

Thanks to him he made alex rich when Bd was still new Tongue

justspare

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Is this real or is it another publicity stunt?

I mean I trust BitDice because I've played there many times without any problems at all, but this 500 BTC win just seems unreal Huh

lorylore

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well he is a regular customer, and like what other gambler is, they will tends to come back after a while to try their luck again. this has become part of their lives already.

target

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Quote from: amrulshare on December 07, 2015, 03:20:09 AM

He has a huge capital to play gambling, was amazing. if you win like that I probably will not go back again to play gambling

Haaaaa

Greed can make him come back for more. If he bet for huge amount this means he is indeed a gambler and he will win another but gradually lose until he he realize he isn't wining for the rest of the week. It will likely to happen to anyone including you.

SafeDice

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Quote from: dooglus on December 07, 2015, 06:05:35 PM

Quote from: cloverme on December 07, 2015, 05:53:46 PM

Quote from: dooglus on December 07, 2015, 05:41:08 PM

And right now the site profit is 505.22 BTC.

So I guess not much has changed.

Doog,

Somewhat related and somewhat not... How do you think most site owners take a profit from themselves? Cut a % out of the bankroll at the end of each week/month or ?

Well, you can't just take a percentage of the bankroll, because it's not yours...

They tend to take commission in one of two ways:

a) take a percentage of each investor's weekly profit
b) take a percentage of the total amount wagered

The two should end up being roughly equivalent, since the profits end up being a fixed percentage of the amount wagered (due to the house edge), but it can take a long time for that to happen.

Also, I think that most site owners are investors on their own site. We dont have to be the biggest investors, the rate of return on investment of dice site is generally higher than other forms of investment.

Quote from: dooglus on December 07, 2015, 06:05:35 PM

I don't keep track of which sites charge what, but I think Just-Dice is the lowest, taking just 10% of investor profits each week, and BetKing/PRCdice is the highest, taking 25% of the house edge up front AND 25% of investor profits, for a total of 50%. But they still have a big bankroll, so I guess their investors don't care.

SafeDice also takes only 10% of the house edge up front as commission.

dooglus

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Quote from: cloverme on December 07, 2015, 05:53:46 PM

Quote from: dooglus on December 07, 2015, 05:41:08 PM

And right now the site profit is 505.22 BTC.

So I guess not much has changed.

Doog,

Somewhat related and somewhat not... How do you think most site owners take a profit from themselves? Cut a % out of the bankroll at the end of each week/month or ?

Well, you can't just take a percentage of the bankroll, because it's not yours...

They tend to take commission in one of two ways:

a) take a percentage of each investor's weekly profit
b) take a percentage of the total amount wagered

The two should end up being roughly equivalent, since the profits end up being a fixed percentage of the amount wagered (due to the house edge), but it can take a long time for that to happen.

I don't keep track of which sites charge what, but I think Just-Dice is the lowest, taking just 10% of investor profits each week, and BetKing/PRCdice is the highest, taking 25% of the house edge up front AND 25% of investor profits, for a total of 50%. But they still have a big bankroll, so I guess their investors don't care.

cloverme

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Quote from: dooglus on December 07, 2015, 05:41:08 PM

And right now the site profit is 505.22 BTC.

So I guess not much has changed.

Doog,

Somewhat related and somewhat not... How do you think most site owners take a profit from themselves? Cut a % out of the bankroll at the end of each week/month or ?

dooglus

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Quote from: Sir_lagsalot on December 07, 2015, 05:37:00 PM

I'd he still gambling? Provide any new news on this guy, if he loses alot or waive alot plz :3

Well, not long after he won a bunch, Chemisty posted that the site profit was 525 BTC:

Quote from: Chemistry1988 on December 02, 2015, 10:55:22 AM

profit is now down to *only* 525 btc

And right now the site profit is 505.22 BTC.

So I guess not much has changed.

Sir_lagsalot

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Quick. Someone go onto bitdice and tell him to stop gambling, before he loses 1000 BTC. Ugh. I'd he still gambling? Provide any new news on this guy, if he loses alot or waive alot plz :3

Thx

- Lags

dooglus

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Quote from: pereira4 on December 07, 2015, 03:57:49 PM

Okay, then he gets a random number and it ahs to be below 49.5. I assume the maximun number is 100...

The range of numbers you can roll are from 0.0000 to 99.9999; that is exactly a million different numbers.

Quote from: pereira4 on December 07, 2015, 03:57:49 PM

But still, I don't understand how much money he bet, and how much money can you make if you win with this type of win (I guess it depends on what number you choose, and can you even choose the number? I mean the <49.5 number).

You can pick your chance of winning, and whether you want to bet high or low.

In this case he picked a 49.5% chance of winning, and bet "low".

If he had bet "high", he would have had to roll 50.5 or higher to win.

The payout multiplier is always 99/chance

In this case the chance is 49.5%, so the payout is 99/49.5 = 2 - ie. you double your money when you win.

You can choose a chance of winning as low at 0.0001%, which means you have to roll lower than 0.0001, ie. you have to roll exactly 0.0000

That happens around once per million rolls, and pays 99/0.0001 = 990,000 times your bet amount.

You bet size is limited such that your potential profit per bet doesn't exceed the site limit. The limit adjusts dynamically based on the size of the site's bankroll., and is currently 152BTC. That means that you can bet up to 152BTC at 49.5%, or up to around 0.000153BTC at 0.0001%.

pereira4

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Quote from: RayBrady on December 06, 2015, 01:30:51 PM

Quote from: pereira4 on December 06, 2015, 01:28:19 PM

But what was the amount of money being bet to make 500 BTC? I don't understand that screenshot. What are the amounts of BTC at the side? For example,
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FkiImkoo.png&t=559&c=qGOx3cxYY2QTsQ

Just lost "5.5 BTC" 82.5986 <49.5 #156227658

5.5 is the amount he lost I get it
But what is 82.5986?
less than 49.5 is the probability to win or to lose?
The last number i guess is the id for the bet

Im new to this kind of Bitcoin betting so just asking.

To win, he must roll < 49.5. Meaning, the number rolled has to be under 49.5. He rolled 82.5986. That is NOT under 49.5. That means he loses the bet.

Okay, then he gets a random number and it ahs to be below 49.5. I assume the maximun number is 100...

But still, I don't understand how much money he bet, and how much money can you make if you win with this type of win (I guess it depends on what number you choose, and can you even choose the number? I mean the <49.5 number).

Blawpaw

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Amazing luck... or can we say that there was some cheating evolved? anyways... this never happens to me :\

edmundduke

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Quote from: AtheistAKASaneBrain on December 07, 2015, 01:14:07 PM

This is an insane amount of money on the line right there. I can't wait to see big fiat rollers like Dan Bilzerian hoping on Bitcoin and doing his crazy antics over there. Can you imagine the expectation of a famous gambler doing this? It would bring massive traffic on the website and would get some headlines.

It is pretty hard to get huge high rollers into the site right now. First off they most likely don't use Bitcoin and second would be that no casino can really offer high stakes gambling. Sure you can win like 150-200 (maybe a bit more?) per roll on the "very high bankroll" sites but for how many rolls ? If they win like 5 rolls on 200BTC then there is nothing left of the bankroll and they have nothing to play with.

AtheistAKASaneBrain

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This is an insane amount of money on the line right there. I can't wait to see big fiat rollers like Dan Bilzerian hoping on Bitcoin and doing his crazy antics over there. Can you imagine the expectation of a famous gambler doing this? It would bring massive traffic on the website and would get some headlines.

BTCevo

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Quote from: amrulshare on December 07, 2015, 03:20:09 AM

He has a huge capital to play gambling, was amazing. if you win like that I probably will not go back again to play gambling

Haaaaa

He just doing normal bet there using martingale bu only with huge base bet. Dont see the number just see the percentage how much did he got from that 63btc 500btc right? That is around 500% winning so if you using 0.001 base bet and you get 0.5 btc it is the same too. Capital is the only matter here and it is more beautiful to see huge basebet rather than 0.001 Grin

amrulshare

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He has a huge capital to play gambling, was amazing. if you win like that I probably will not go back again to play gambling

Haaaaa

dooglus

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Quote from: marioantonini on December 02, 2015, 12:42:22 PM

i don't understand why user play bet of 64 btc to any roll. if you have all this money, why don't play in a real casino ? 64 bitcoin is 20.000 $ for every bet, and you play 20.000 $ to pc ?

The house edge on casino games is typically much higher than at bitdice.

Driving to a casino to play with worse odds just so you get free food and a room for the night seems like a big inconvenience to me.

Why not play from the comfort of your own home, with higher limits, better odds, and less chance of getting robbed in the parking lot?

Quote from: marioantonini on December 02, 2015, 12:42:22 PM

In the real casinò , you are a king with this money for bet

I don't know where you live, but in most places royalty is something you are either born into or marry into. Maybe you can become king if you wipe out the existing royal family in some kind of a coup, but I've never heard of a case of anyone winning their kinghood in a casino.

megatron1337

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that's some huge winnings right there! That is what i call a real gambler! I wonder what he does for a living to have so much money..

UnknownUsername

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Quote from: target on December 06, 2015, 07:53:07 PM

if this is indeed true, that guy must be real rich. betting 126 btc at once? i can't even roll for 0.1
still a printscreen of his withdraw would be great to check.

or you can just visit https://dicesites.com/bitdiceme and go check their cold wallet address yourself.

Topic: BitDice Player Just Won 500BTC (Read 5172 times)