Topic: ⚖️ Crypto Gambling Foundation ⚖️ - Fair Gambling For All - page 8. (Read 25272 times)

Yes, Stake scammed me for a substantial amount!



If you read my statements, you should know. Maybe you are not able to understand it?



PROOF OF THE SCAM

Info 1)

If you take a look at my statistics here https://ibb.co/Hxf8NpR you can see the following total numbers:

Bets: 180,904

Wins: 78,285

Losses: 86,612

If we reduce the number of wins from the number of losses, we can see that I lost 8,327 bets (86,612 minus 78,285 = 8,327)

Losing 8,327 bets out of 180,904 bets placed = 4,6% of the bets lost.


Info 2)

The advertised house edge for the Stake in-house Black Jack is 0,5%, which means longterm I will lose 0,5% of all bets placed.

Losing 0,5% out of 180,904 bets placed = 900 bets lost.

If you compare Info 1) with Info 2), you can see that I lost 8,327 bets instead of the 900 bets I should lose = 9 times more!

While there is a deviation from the expected outcome, it can not be 9 times more after 180,904 bets!


Info 3)

When the house edge is 0,5% and you placed 180,900 bets, you will lose 900 bets and the remaining 180,000 bets are coin flips.

The remaining 180,000 bets are coin flips, because they are neutral and you will win 50% = 90,000 bets and lose 50% = 90,000 bets.

4,6% of the bets lost while I should lose only 0,5% means my experienced deviation of the 180,000 coin flips is 4,1%!


Now let's take a look at the standard deviation for 180,000 coin flips:

A) Standard deviation for 180,000 coin flips = 212 coin flips = 0,12% (In 68% of all attempts, the deviation is up to 0,12%)
 
My experienced deviation of 4,1% is 34 times higher than the standard deviation (4,1% : 0,12% = 34)


B) 3 times standard deviation for 180,000 coin flips = 0,36% (In 99,7% of all attempts, the deviation is up to 0.36%)
 
My experienced deviation of 4,1% is 11 times higher than the 3 times standard deviation (4,1% : 0,36% = 11)

 
Info 4)

The Stake bet transaction history only states 180,000 single bet events and no overview of my experienced house edge.

To get my experienced house edge from the bet transaction history, I would need to take a look at all 180,000 bets and calculate it manually!

If the cards were dealt fair and I lost only 0,5% of all bets placed while the statistics states that I lost 4,6%, then the Stake statistics is rigged!

In either case, the Stake in-house Black Jack system is provably rigged and Stake has to compensate at least the 30,000 USD I lost from my pocket.

Their strategy to ignore me, while they are clearly at fault, will fail!  



If you read my statements, you should have seen it?




Yes, and I provided the evidence.


In the meantime, did you ask your employer to show their license to operate a crypto currency online casino?

PROOF OF THE SCAM

Info 1)

If you take a look at my statistics here https://ibb.co/Hxf8NpR you can see the following total numbers:

Bets: 180,904

Wins: 78,285

Losses: 86,612

If we reduce the number of wins from the number of losses, we can see that I lost 8,327 bets (86,612 minus 78,285 = 8,327)

Losing 8,327 bets out of 180,904 bets placed = 4,6% of the bets lost.


Info 2)

The advertised house edge for the Stake in-house Black Jack is 0,5%, which means longterm I will lose 0,5% of all bets placed.

Losing 0,5% out of 180,904 bets placed = 900 bets lost.

If you compare Info 1) with Info 2), you can see that I lost 8,327 bets instead of the 900 bets I should lose = 9 times more!

While there is a deviation from the expected outcome, it can not be 9 times more after 180,904 bets!


Info 3)

When the house edge is 0,5% and you placed 180,900 bets, you will lose 900 bets and the remaining 180,000 bets are coin flips.

The remaining 180,000 bets are coin flips, because they are neutral and you will win 50% = 90,000 bets and lose 50% = 90,000 bets.

4,6% of the bets lost while I should lose only 0,5% means my experienced deviation of the 180,000 coin flips is 4,1%!


Now let's take a look at the standard deviation for 180,000 coin flips:

A) Standard deviation for 180,000 coin flips = 212 coin flips = 0,12% (In 68% of all attempts, the deviation is up to 0,12%)
 
My experienced deviation of 4,1% is 34 times higher than the standard deviation (4,1% : 0,12% = 34)


B) 3 times standard deviation for 180,000 coin flips = 0,36% (In 99,7% of all attempts, the deviation is up to 0.36%)
 
My experienced deviation of 4,1% is 11 times higher than the 3 times standard deviation (4,1% : 0,36% = 11)

 
Info 4)

The Stake bet transaction history only states 180,000 single bet events and no overview of my experienced house edge.

To get my experienced house edge from the bet transaction history, I would need to take a look at all 180,000 bets and calculate it manually!

If the cards were dealt fair and I lost only 0,5% of all bets placed while the statistics states that I lost 4,6%, then the Stake statistics is rigged!

In either case, the Stake in-house Black Jack system is provably rigged and Stake has to compensate at least the 30,000 USD I lost from my pocket.

Their strategy to ignore me, while they are clearly at fault, will fail!  

The fact is, a few tenths of a percent either way, which is what your $30k loss equates to, can easily be attributed to variance.  Variance is what makes gambling gambling.  If you were guaranteed to lose exactly 0.5% then you would be guaranteed a 0% chance of winning, and that wouldn't be fun at all, would it?

You've presented literally zero evidence of anything even remotely shady after dozens and dozens of posts.

You wagered almost $1 million.

You lost $30k

Your ROI was negative 0.3%

The only thing you're a victim of is your own stupidity.  Get over it.

Your assumption is not related to my situation, so I suggest to post it somewhere else where it could be relevant.

Stake gave me back around 0,5% of the wagered amount.

Your bonuses usually total around half of the house edge.  Obviously there's no set formula that we know of though.  But let's assume you were getting half of the house edge, which would come out to 0.25% of the total wagered.

If you wagered $9,500,000 and played only black jack (you played other games also, but this is just an example) with perfect strategy (unlikely considering the difficulty you have with very basic math), then you would lose $47,500 and receive $23,750 in bonuses which would make you overall down $23,750.

Of course it's unlikely you would end up on that exact number.  The range of possible outcomes would depend on your bet sizing.  The smaller the average bet, as well as the smaller the maximum bet, the smaller the range.

Remember, the house edge means the edge is in favor of the house.  Not the house you live in, "house" is just a term we use for the casino.  The house edge favors the casino, not the player.  Whatever the house edge is, multiply it by an amount you wagered, and that's what your theoretical value it.

From all your statements here when I read only have the point that you are always being deceived by Stake.com.
Actually, what problem do you have with a trusted gambling site that is already big like Stake.com?
If I learn everything you say is just a stupid narrative that is not proven true.
Try to post here at least some evidence like a screenshot that you are indeed playing on Stake.com and feel at a loss.

If what you say is true, you should be able to provide some evidence, right?

But if you speak without any evidence then it is clear that you are someone who is trying to damage the reputation of Stake.com by providing so many weightless narratives.
Stop giving a false statement if you don't want to get into trouble in the future, friend.

I complain that I made 180,000 bets and lost 4,6% of it while the advertised house edge is 0,5%

My Stake Statistics: https://ibb.co/Hxf8NpR


Can you tell me how much I should lose if the advertised house edge is 0,5% and Stake gives back 0,5% of the wagered amount?

TwitchySeal is too stupid to do this calculation!

Even if that were true, that doesn't take into account that luck is a factor.

If we flip a coin at 0% house edge for $1000 and I win, you are down $1000 even though the house edge is 0%.

But it's also possible there are problems with your math.

Did you reveal the server seeds if you were playing on Provably Fair games? If you did, and everything checks out, I'm not sure what you're complaining about.

If you played games that were not Provably Fair, then you're just asking for trouble.

How much should I lose if the advertised house edge is 0,5% and Stake gives back 0,5 to 1% of the wagered amount?

House edge means the amount the house expects to win from you.  It doesn't mean they're going to give you anything back.

If the house edge is 0.5%, that means on average, the house profits 0.5% of every wager.  Of course there's variance involved.

So if you wagered $9,500,000 and the house edge is 0.5% you can figure out your expected losses by calculating what 0.5% of $9,500,000 is.

Do you know how to do that?

Here's a trick, just type "what is 0.5% of 9500000" into google.

The answer is 47500.

So, on average, a player that wageres $9,500,000 on a game with a house edge of 0.5% will lose $47,500.

Of course there's also bonuses and stuff, which explains why you only lost $30,000 - which is less than the advertised house edge.

Your question is not related to my situation, so I suggest to ask somewhere else where it could be relevant.

My advertised house edge is 0,5% and with all Stake gives back 0%.



You false and misleading claim that I think I was scammed, which is nonsense because I 100% sure know that Stake scammed me:


There is a huge difference between think and know!

With 1% house edge how much do you think you should expect to lose after wagering $9.5m?



(blackyjacky lost $30k, wagered $9.5m, thinks they scammed him because he doesn't know how to do basic math)

Why do Bijan and Edward ignore their "provably fair" thread?

The website is dead!

Nothing but empty promises!

I mean the 8048/JAZ license is not valid for crypto currency online casinos.

Have you asked your employer to show their license to operate a crypto currency online casino?

this is really inciting op, very nice progress and project, looking forward to a bigger platform with higher opportunities. Cheers

What do you mean the 8048/JAZ license is not valid for cryptocurrency operations?
Actually you don't have much knowledge and insight to make inconsequential questions and reviews?
Study first, friend and deepen your experience so that you can comment using the truth so that what you say is not just words that are not of good quality.
You yourself have negative beliefs about accusing the casino and talking or arguing nonsense so why are you asking things you don't really know yourself.
I have read all your posts and they are all Bulshit.

Wow you really are clueless.  I honestly thought you were mostly trolling and just kind of dumb.

Go back and read my explanation slowly.

If we know you're down $30,000, and we know you wagered $9,500,000, then we can calculate your ROI inclusive of all bonuses (rakeback, level up, weekly, monthly, etc)

You wagered 9,500,000 , and your return was 9,470,000 (for a net result of -30,000), then your overall ROI is -0.31%, which is in line with what you would expect considering Stake generally gives back around .5 to 1% of the house edge, meaning you got around $75k in bonuses and actually lost closer to $100k playing blackjack.

If you consider my Black Jack playing activity as an investment (LOL), then I "invested" 30,000 USD and lost 30,000 USD and my ROI is -100%

No, that's just your net result.  It's how much you won or lost.

ROI is a percentage, not an amount of money.  It's your net result divided by how much you wagered.

So if you wagered $1,000, and won $900 your net would be -$100 and your ROI would be -0.1 or -10%

If you wagered $1,000 and won $1,500 your net would be $500 and your ROI would be 0.5 or 50%


It's not possible to determine your net result without knowing how much you won.  And it's not possible to calculate your ROI without knowing your net result.

Since the stats stake gives you access to only shows how much you wagered (based on the current value of each crypto, not based on the value at the time the bet was made) and how many bets you made/won/lost, but not how much money you won, you can't calculate your net result.  Without your net result, you can't calculate your ROI.  So stop trying.  It's not possible.