Topic: ⚖️ Crypto Gambling Foundation ⚖️ - Fair Gambling For All - page 11. (Read 25460 times)

That's precisely what I was talking about. Back then, there were fewer casino platforms.
But the situation now is not like before. We see new casinos pop up every few days, and they claim their platform using provably fair technology. Either they don't know about the Crypto gambling Foundation, Or they choose not to verify their games.

I am wondering, Does the Crypto gambling Foundation Invite other casinos to verify their games? They have to spread their existence among the casino industries. If Casino companies don't know that there are such platform where they can verify their games, I won't blame casinos for not knowing the existence of the Crypto gambling Foundation.

 BlackyJacky thinks he plays optimal black jack and should be winning 49.75% of the hands he plays.

Let's see what that would look like.

In black jack, you are paid even money (1 -1) for winning a hand, except when you're first two cards equal 21, then you're paid 1.5-1, (also known as 3-2).  So we need to figure out how often each of the two possible payouts happens in order to determine the rtp.

21 is either an Ace and a Ten card, or a Ten card and an Ace.

With an infinite deck, odds of an Ace are 4/52, any Ten card is 16/52

Chances of Ten card first, then an Ace:  16/52 * 4/52 = 0.0236
And then the other way around, Ace first: 4/52 * 16/52 = 0.0236

Combined that gives us a 4.7%  chance of being dealt a black jack and profiting 1.5x our bet.

So, of the 49.75% of hands blackyjacky thinks he should be winning, he should expect to be paid even money on 45.02% of them, and 1.5x on 4.73% of them.

Lets say 100,000:
That would be 4,730 black jacks, 45,020 even money wins, and 50,250 losses.

He will be paid $2.50 on each black jack and $2 on the other wins.

4,730 * $2.50 = $11,825
45,020 * $2 = $90,040
Total = $101,865
Result  = +$1,865 (1.8% ROI)
(note: I'm not calculating for when the dealer is also dealt black jack and the bet is pushed, which happens 0.22% of the time. so the profit is a couple hundred bucks too high in my calculation)

Conclusion: Blackyjacky is pulling numbers out of his ass.  

Stake in-house Black Jack is rigged, [email protected] ignores!

Yeah.. kind of felt that way. I really don't want to speak out of turn since I might be wrong, it was so long ago, but I think I tried to get MintDice on there, a provably fair casino which fit the requirements. I think I was ignored (though I could be wrong).

In general, I think the idea of this foundation is a very good one. Inform people of the importance of provably fair options and to keep things open and transparent whenever possible. Which the vast majority of casinos don't abide by.

But if there's no real process to get in... it's kind of worthless.

I take it you've realized now that your math was wrong but have too much of an ego to admit it so you will just pretend it's right.

Ask your employer to show their license to operate a crypto currency online casino and post it here?

Hint: The Curacao license is a document issued by the Government

If the payout is even money, and probability of winning is 51.5%, you have a 3% edge.


If the bet pays 102-1, and the probability of winning is 1%, you also have a 3% edge.

You need to factor the probability and payout of every possible outcome to calculate the house edge.

You're factoring an incorrect probability and treating it as if it always pays even money (it doesn't).

LOL  

To have a edge of 3% I would need to win 51,5% of all bets placed.  

No need to beat around the bush because you can talk like you just lost a blackjack bet and say bad things about Stake.com.
I emphasize once again that Stake.com is an official gambling site licensed curacao 8048/JAZ .
If you are still stubborn about what you have said then provide or include proof and details of what you said here in this thread.
You have -3 bad trust friends and out of all three show you as casino accuser and you are arguing nonsense.

Okey, I would have guessed that in order to have access to the license you would need to be a casino, to have a register number, etc.

Anyways, assuming you indeed that that information, can you please share a PDF of the description of the license or some source where it clearly says that it does not cover the handling of Bitcoin and other cryptocurrencies?

Because, as I said, until now I have found several sources which allegedly confirm that 8048/JAZ is the correct one to have by Stake.   

No it doesn't.  A hand of black jack is not like flipping a coin.  When you win you are paid either even money, or 1.5 - 1 for a dealt black jack making the average winning payout about 1.07-1, which is  greater than even money.  If you won 49.75% of all bets placed you would have the edge by almost 3%, not the house.

With optimal strategy (which there's no chance someone said what you just did is capable of) you can expect to win about ~42.5% (with ~4.75% of total bets paying 1.5-1 and ~37.75% of total bets paying even money), lose ~49% and push the rest.

I've already explained this to you multiple times.  Not going to do it again.

@ Twitchy Seal

0,5% house edge means that I win 49.75% of all bets placed and lose 50.25% of all bets placed.

181,000 bets x 49.75% = 90,048 wins

181,000 bets x 50.25% = 90,953 losses

The difference between wins and losses is 905 bets, means after 181,000 bets I will statistically lose 905 bets.

But my Stake statistics states that I lost 8,327 bets!!!

Bets: 180,904 | Wins: 78,285 | Losses: 86,612 = 8,327 more losses

Proof: https://ibb.co/Hxf8NpR

Please ask those web pages if they have seen the 8048/JAZ license?



I am in possession of the 8048/JAZ license. 

You played 181,000 hands of blackjack and lost.


Then you decided that Stake is rigged because it feel's better to tell yourself you were cheated instead of admitting you lost.

Even though you already knew for a fact the game was rigged, you needed some proof so you could convince other people.

So you made up some nonsensical math and then, using only the numbers from total bets made/won/lost determined your roi (you call it rtp, also wrong), which is obviously not possible since it doesn't include how much money you actually bet/won/lost, just the total number of bets made/won/lost. 

It would work if you were playing a game that you either paid 1-1 or 0, but obviously black jack is not one of them. (well not obvious to you.  obviously) 

The only question I really have do you realize you're math is garbage and just thought you could look smarter than everyone else and get away with it or something?

Or are you full on delusional.  

But my man, what are you talking about? I just searched on internet about the license 8048/JAZ  and I have found several web pages which actually mention that it is a Curacao-issued license which grants the casino the ability to operate with cryptocurrencies. 

What kind of evidence do you have that this license is not suitable for casinos which wish to manage their gamblers' Bitcoin?

The 8048/JAZ license is not valid for crypto currencies!

Despite of this, they need to have a license certificate for their in-house Black Jack.

Do you believe that friends of Edward can code their in-house Black Jack and everything is fine?

Do you believe that you can privately code a Black Jack software and publicly take crypto currencies and everything is fine?



If a crypto currency casino operates without a license, it is illegal!

If it scams its customers, it is criminal!

Yes, I have evidence that the 8048/JAZ license does not cover crypto currencies.

I informed Stake about it, but they believe ignorance is their best strategy to get away with their criminal activities!

Why do you ask Stake and ask to show the license they use.
Have you never played in Stake?
I actually assume that you are not a gambler who uses the Stake.com gambling platform because in Stake on the first page at the bottom it has been explained that Stake.com is officially registered with the Curacao license.
At this point, is there anything still unclear about Stake.com?


What do you mean by saying casinos are illegal and criminal?
Do you have evidence and can you justify what you have said?
Always speak according to the facts, friends, and don't just jump to conclusions because it can get you into trouble.

You're doing stupid math that doesn't make any sense.  LIke almost nothing what you're saying makes sense. If you were playing perfect strategy you would lose ~49.1% of your hands and win ~42.4% and Push ~8.5%  

But if you were a winning blackjack player you would already know that, and you obviously don't.

If a winning bj player player 180,000 hands, they would lose 88,380 and win 76,320


https://wizardofodds.com/games/blackjack/variance/

This is because the average winning hand pays out slightly more than even money on your wager, in addition to the house edge.


I don't believe your stats are only from Black Jack.  I think you've played some other lower variance games bc you have more wins, than you should.  Not by much, if you were a perfect strategy player.  But there's no way you know how to play perfect strategy since you're dumb as a rock.

Seriously stop trying to do math until you go take a basic math class or something.

I believed their provably fair propaganda and lost 4,6% of the bets after 180,000 bets playing their in-house Black Jack while the advertised house edge is 0,5%!

I asked Stake to show me the license certificate for their in-house Black Jack and they do not show it!

I asked Stake to show me the license for their crypto currency online casino and they do not show it!

How can an illegal and criminal online crypto currency casino verify other casinos to be provably fair?

Huh?
What trap are you talking about? We are talking about other casinos that never show interest to be a part of the Crypto Gambling Foundation. If any casinos have an unfair game, they won't join the crypto Gambling foundation for sure. They don't want to get exposed. If any casino wants to join them, they have to verify their games with Crypto Gambling Foundation. At least that's what I understood so far. I don't know if Crypto Gambling Foundation take any steps to invite casinos to join them. But, it's very sad that casinos did not dare to check the fairness of their games from a 3rd party.