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Topic: ⚖️ Crypto Gambling Foundation ⚖️ - Fair Gambling For All - page 9. (Read 25272 times)

newbie
Activity: 333
Merit: 0
ROI = return on investment

I did not invest in Stake and played their in-house Black Jack for fun.

Though the fun ended when I realised that they scammed me!

I asked [email protected] to send my daily overview of the games of chance played, the number of times each game has been played, the bets made and the prize money achieved, but they do not deliver!

Your email probably didn't make any sense.

Do you act like an idiot for fun?  

If not, you should invest some time into educating yourself on basic math concepts like ROI. (hint: the house edge is the casinos theoretical ROI)

What a stupid idiot you are!

The difference between money spent and money coming in = ROI


Is getting cents for making nonsense posts and attacking online casino victims your income source?
legendary
Activity: 2716
Merit: 2093
Join the world-leading crypto sportsbook NOW!
ROI = return on investment

I did not invest in Stake and played their in-house Black Jack for fun.

Though the fun ended when I realised that they scammed me!

I asked [email protected] to send my daily overview of the games of chance played, the number of times each game has been played, the bets made and the prize money achieved, but they do not deliver!
Your email probably didn't make any sense.
Do you act like an idiot for fun?  If not, you should invest some time into educating yourself on basic math concepts like ROI. (hint: the house edge is the casinos theoretical ROI)
newbie
Activity: 333
Merit: 0
ROI = return on investment

I did not invest in Stake and played their in-house Black Jack for fun.

Though the fun ended when I realised that they scammed me!

I asked [email protected] to send my daily overview of the games of chance played, the number of times each game has been played, the bets made and the prize money achieved, but they do not deliver!
legendary
Activity: 2716
Merit: 2093
Join the world-leading crypto sportsbook NOW!
@TwitchySeal

Can you post your nonsense shit and blatant lies somewhere else?

I clearly explained that Stake scammed me either way:

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).

You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

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


But if 6,6% hands lost = 0,28% house edge, then only 4,6% hands lost means I experienced a 1,72% player edge.

(losing only 4,6% of the hands instead of 6,6% = 2% experienced player edge - 0,28% house edge = 1,72% experienced player edge).

1,72% player edge while 9,5 million USD wagered means 163,000 USD win, but I lost 30,000 USD.


If "Bets" = Hands as you claim, then Stake scammed me for 193,000 USD (163,000 USD should win + 30,000 USD lost)!

If "Bets" are Bets, then Stake scammed me for 389,500 USD (4,1% of 9,5 million USD wagered)!

In blackjack, the amount you win or lose each hand varies, so trying to calculate your overall results based on only the number of hands you won or lost is impossible.

Also, I'm guessing that over two years and 100k + hands of black jack, you did not bet the exact same amount every single hand.  So even if you only played black jack (you didn't) and black jack only ever resulted in a tie, losing your initial wager or profiting your initial wager (it doesn't) then your math still wouldn't work.

If you want to know your ROI, email support and ask for your accounts results life time.
newbie
Activity: 333
Merit: 0
@TwitchySeal

Can you post your nonsense shit and blatant lies somewhere else?

I clearly explained that Stake scammed me either way:

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).

You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

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


But if 6,6% hands lost = 0,28% house edge, then only 4,6% hands lost means I experienced a 1,72% player edge.

(losing only 4,6% of the hands instead of 6,6% = 2% experienced player edge - 0,28% house edge = 1,72% experienced player edge).

1,72% player edge while 9,5 million USD wagered means 163,000 USD win, but I lost 30,000 USD.


If "Bets" = Hands as you claim, then Stake scammed me for 193,000 USD (163,000 USD should win + 30,000 USD lost)!

If "Bets" are Bets, then Stake scammed me for 389,500 USD (4,1% of 9,5 million USD wagered)!
legendary
Activity: 2716
Merit: 2093
Join the world-leading crypto sportsbook NOW!
You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).
You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

No.  Jesus Christ.  

Stop trying to calculate your ROI based on just the total hands won lost and tied.  It's not possible.  The amount of money you win or lose each hand varies.  can1win2?  Yes!  If you're dealt a black jack and the dealer isn't 1 wins 2!  There's also splits and doubles.

And I linked you directly to the website of a literal mathematician and probably the most respected one in the world when it comes to gambling based games.  Unlike you, I don't just pull numbers out of my ass.

If you want to know your ROI, email support and ask for your accounts results life time.

You didn't only play blackjack.

I played only Black Jack.

I think you're full of shit and during the past 2 years and 140,000+ bets you did not only play blackjack.

newbie
Activity: 333
Merit: 0
You didn't only play blackjack.

I played only Black Jack.
legendary
Activity: 2716
Merit: 2093
Join the world-leading crypto sportsbook NOW!
My calculation is 100% correct:

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

Yes that's just not the calculation for black jack.  Here's the calculation for blackjack with very similar rules as stake, and an even lower house edge (.28%)


https://wizardofodds.com/ask-the-wizard/blackjack/probability/

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).

You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

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


But if 6,6% hands lost = 0,28% house edge, then only 4,6% hands lost means I experienced a 1,72% player edge.

(losing only 4,6% of the hands instead of 6,6% = 2% experienced player edge - 0,28% house edge = 1,72% experienced player edge).

1,72% player edge while 9,5 million USD wagered means 163,000 USD win, but I lost 30,000 USD.


If "Bets" = Hands as you claim, then Stake scammed me for 193,000 USD (163,000 USD should win + 30,000 USD lost)!

If "Bets" are Bets, then Stake scammed me for 389,500 USD (4,1% of 9,5 million USD wagered)!


Either way, Stake scammed me!

You didn't only play blackjack.
newbie
Activity: 333
Merit: 0
My calculation is 100% correct:

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

Yes that's just not the calculation for black jack.  Here's the calculation for blackjack with very similar rules as stake, and an even lower house edge (.28%)

https://i.snipboard.io/b8rzLT.jpg

Summarized Net Win in Blackjack

Event ---- Probability

Win ------- 42,43%

Push ------ 8,48%

Loss ------ 49,09%

https://wizardofodds.com/ask-the-wizard/blackjack/probability/

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).

You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

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


But if 6,6% hands lost = 0,28% house edge, then only 4,6% hands lost means I experienced a 1,72% player edge.

(losing only 4,6% of the hands instead of 6,6% = 2% experienced player edge - 0,28% house edge = 1,72% experienced player edge).

1,72% player edge while 9,5 million USD wagered means 163,000 USD win, but I lost 30,000 USD.


If "Bets" = Hands as you claim, then Stake scammed me for 193,000 USD (163,000 USD should win + 30,000 USD lost)!

If "Bets" are Bets, then Stake scammed me for 389,500 USD (4,1% of 9,5 million USD wagered)!


Either way, Stake scammed me!
legendary
Activity: 2716
Merit: 2093
Join the world-leading crypto sportsbook NOW!
While I was playing Stake's in-house Black Jack and got scammed, Stake referred to the dead Crypto Gambling Foundation as proof that it is provably fair!

https://ibb.co/GFsGZRq

You didn't get scammed, you're just an idiot that sucks at math and lacks the character to admit you were wrong.
newbie
Activity: 333
Merit: 0
While I was playing Stake's in-house Black Jack and got scammed, Stake referred to the dead Crypto Gambling Foundation as proof that it is provably fair!

https://ibb.co/GFsGZRq
newbie
Activity: 333
Merit: 0

But I do not accept that the advertised house edge is 0,5% and my Statistics state that I lost 4,6% of the bets placed!


I think you can lose more than that even without the house edge, you can simulate a dice with a 50/50 chance of winnings and see that the percentage result won't be 0% loss.  Gambling is random and each roll is independent of the other.  So with a house edge of 0.5%, it does not mean that you will only have an accumulated loss of 0.5%.  Losses will accumulate and will start to grow as you play.  The longer you play the bigger the discrepancy between the house edge and the percentage loss.

Do you believe what he said buddy?
So far I've looked at all the arguments and none of them make any sense that it's actually real.
Instead, I think that what he said was lies or nonsense which only provoked prolonged debate and disputes.
Previously he had asked me and I answered and explained everything about the license which was clearly stated and became concrete evidence but in the end he ignored it and then made another review which caused another debate.

I informed you that the 8048/JAZ license Stake claims to operate under is not valid for crypto currencies!

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?

@ tusandii

Please ask your employer to show their license to operate a crypto currency online casino?
hero member
Activity: 1652
Merit: 521
Leading Crypto Sports Betting & Casino Platform

But I do not accept that the advertised house edge is 0,5% and my Statistics state that I lost 4,6% of the bets placed!


I think you can lose more than that even without the house edge, you can simulate a dice with a 50/50 chance of winnings and see that the percentage result won't be 0% loss.  Gambling is random and each roll is independent of the other.  So with a house edge of 0.5%, it does not mean that you will only have an accumulated loss of 0.5%.  Losses will accumulate and will start to grow as you play.  The longer you play the bigger the discrepancy between the house edge and the percentage loss.
Do you believe what he said buddy?
So far I've looked at all the arguments and none of them make any sense that it's actually real.
Instead, I think that what he said was lies or nonsense which only provoked prolonged debate and disputes.
Previously he had asked me and I answered and explained everything about the license which was clearly stated and became concrete evidence but in the end he ignored it and then made another review which caused another debate.
newbie
Activity: 333
Merit: 0
If that is the case, this whole situation is rather weird and bizarre.
In the board alone there must be hundreds of people who have lost money to a casino (some of them even open threads and openly admit it in order to vent their emotions) and this is the first time I have seen someone consistently trying to damage the reputation of a casino.

As far as I get it, the problem here is that he is trying to calculate the house edge, disregarding the skill/decision making that comes with blackjack, isn't it?

maybe @BlackyJacky is a guy who needs to take a break from the world of gambling, he is quite emotional in gambling because in some ANN some casinos always see him.

yes, @BlackyJacky loses several arguments with @TwitchySeal. and he gets even angrier every time he loses talking to @TwitchySeal.

even though TwitchySeal has explained all the details about how House Edge works but BlackyJacky disagrees and always ignores the fact.

Referring to TwitchySeal's nonsense makes you look stupid!


@ len01

Please ask your employer to show their license to operate a crypto currency online casino?

legendary
Activity: 2716
Merit: 2093
Join the world-leading crypto sportsbook NOW!
Stake support says "Statistics" states the number of total bets made

https://ibb.co/SQdVCF6

TwitchySeal says "Statistics" states the number of total games played.

Number of games played and number of bets made is not the same!

Who is lying?



I really don't care what you call it.  Game, Round, Hand, Bet, you can literally use any of them to describe
placing a black jack wager and making any required decisions until the outcome is determined.  

That's when you know the game,round,hand,bet is over - when all the cards are returned and the wagers are settled.

And if you were arguing in good faith and actually interested in the truth instead of just wanting to play victim and trash stake because you lost, you'd simply figure it out for yourself.  It's not rocket surgery.
newbie
Activity: 333
Merit: 0

But I do not accept that the advertised house edge is 0,5% and my Statistics state that I lost 4,6% of the bets placed!


I think you can lose more than that even without the house edge, you can simulate a dice with a 50/50 chance of winnings and see that the percentage result won't be 0% loss.  Gambling is random and each roll is independent of the other.  So with a house edge of 0.5%, it does not mean that you will only have an accumulated loss of 0.5%.  Losses will accumulate and will start to grow as you play.  The longer you play the bigger the discrepancy between the house edge and the percentage loss.

Thank you for adding your nonsense, but the longer you play the smaller is the discrepancy between the house edge and the percentage loss.


@ serjent05

Please ask your employer to show their license to operate a crypto currency online casino?
newbie
Activity: 333
Merit: 0
Stake support says "Statistics" states the number of total bets made

https://ibb.co/SQdVCF6

TwitchySeal says "Statistics" states the number of total games played.

Number of games played and number of bets made is not the same!

Who is lying?

legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS

But I do not accept that the advertised house edge is 0,5% and my Statistics state that I lost 4,6% of the bets placed!


I think you can lose more than that even without the house edge, you can simulate a dice with a 50/50 chance of winnings and see that the percentage result won't be 0% loss.  Gambling is random and each roll is independent of the other.  So with a house edge of 0.5%, it does not mean that you will only have an accumulated loss of 0.5%.  Losses will accumulate and will start to grow as you play.  The longer you play the bigger the discrepancy between the house edge and the percentage loss.
legendary
Activity: 2716
Merit: 2093
Join the world-leading crypto sportsbook NOW!
As far as I get it, the problem here is that he is trying to calculate the house edge, disregarding the skill/decision making that comes with blackjack, isn't it?

The problem is he's being willfully ignorant because there's no evidence that he was cheated, but he really wants to convince people that he was (because he lost and I think his account was frozen for some reason).



Stake provides very basic statistics in each players profile.  Total bets, total number of bets won, total number of bets lost, and total amount wagered for each currency.  It doesn't include total amount won - just the total number of bets won



BlackyJacky is trying to claim that the stats represent how many units he has wagered.  For example, if he doubles and loses, that's two bets made, both considered lost bets.  This is not how it works.  

The way it does work is each round counts as 1 bet and has a unique bet id with it's own bet history.  If he profits overall for the round, that's 1 winning bet.  It doesn't matter if you split, double down, win even money, or hit a blackjack for 3-2.  One round counts as one bet in the stats.

So he's trying to claim that his stats can be used to determine his ROI (which he calls "expected RTP"), which is not possible.  To calculate your ROI, you need to know how much money you wagered, and how much money you won.  The stats don't include how much money was won, so we can't make the calculation.

Also worth mentioning,  even if he was correct about everything above (he's not), his calculation would only be accurate if all ~181,000 bets made from his account were the exact same amount.  Never increasing or decreasing his wager.  And they would have to be all black jack, no other games.



I believe he realized he was wrong a while ago and is just spreading lies out of a combination of spite and ego.  Shameful really.

newbie
Activity: 333
Merit: 0
What kind of evidence do you have that this license is not suitable for casinos which wish to manage their gamblers' Bitcoin?

I am in possession of the 8048/JAZ license.  Wink
Well this is awkward, did BlackyJacky just by bragging accidentally admit a motive behind all this fud?

Running your own casino would be quite obvious one but i didn't think any other casino fudding competition could be this transparent. Focusing on baseless fud must be working on some level, otherwise they wouldn't be using their time by fudding other casinos in here.

But as we see they are struggling. Or maaybe they just don't have enough customers to keep them busy and got ton of free time. Who knows.

I mean, I know that some businesses of all kind can opt to sow FUD onto the community against competitors, but I personally doubt this person actually owns a casino or has a high position in one.

It would be more likely if he just managed to get some information in PDF about the license and feels he owns privileged information.
There is also a chance this is a FUD campaign targeted against specific casinos, but it is not as likely as the former explanation.

there have been people trying to explain to him several times how his calculations seem to be wrong and yet does not offer further mathematical counter-points...   Huh

He just lost a bunch of money and then got banned for doing something shady.  He's just trying to get back at Stake, and just keeps making a fool of himself, which makes him more angry...it's a vicious circle.  

If that is the case, this whole situation is rather weird and bizarre.
In the board alone there must be hundreds of people who have lost money to a casino (some of them even open threads and openly admit it in order to vent their emotions) and this is the first time I have seen someone consistently trying to damage the reputation of a casino.

I am rich and do not have any problem to lose the advertised house edge.

But I do not accept that the advertised house edge is 0,5% and my Statistics state that I lost 4,6% of the bets placed!


As far as I get it, the problem here is that he is trying to calculate the house edge, disregarding the skill/decision making that comes with blackjack, isn't it?

No, I played the perfect drawing strategy suggested by Edward.


@Hispo

Can you please ask your employer to show their license to operate a crypto currency online casino?
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