freebit.co.in multiplay system - page 2.

patt0

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Quote from: HeroCat on July 15, 2015, 10:12:30 AM

Probably fair means - either you win or loose. 21 red streaks is nothing, I heard about 50 red streaks Wink

Regarding martingale method - it is very hard to say - it is good or not. If people win,they say martingale is best, if they loose, they say martingale always loose. Grin

50 red streaks? Are you sure? Man the odd of that should be like winning the lottery (but in this case it would be bad xD)

FanEagle

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He said he was gonna try another time martingale with another 0.5 later on so that's why I asked.

harizen

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Quote from: FanEagle on July 15, 2015, 11:43:01 AM

So guys, what's OP result at the end? did he tried a method of something or not?

He lost as stated in his first post :

Quote from: tuvok007 on July 14, 2015, 05:35:15 AM

Just lost 0.55 btc. I divided my whole amount to 2 milion parts that is only 27 sathoshis per roll and i put it on autobeting whole night but i had 21 consecutive loses on "double your bet on lose" thing. I thought that there is no chance to lose 21 consecutive time but i guess there is.fuck me,fuck freebit.co.in fuck everything. Are they really "provably fair" or thats a crap?

First of all he tried it in freebitco which known for one of the best bitcoin faucets but not as a dice site.

FanEagle

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So guys, what's OP result at the end? did he tried a method of something or not?

chaser15

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Quote from: Shogen on July 15, 2015, 08:03:30 AM

Quote from: chaser15 on July 15, 2015, 05:09:04 AM

So guys how do you know or how sure you are that those popular dice site "really" have provably fair and "sure" house edge given? Is there a way?

If a site is really provably fair, it should clearly documented how the bet result is generated and how the gamblers can check if the site has modified the result.
For example, on many sites, the rolled number is generated using a documented algorithm with server seed (set by the house), client seed (set by you) and nonce (a number to be increased by 1 after each bet). Furthermore, the server seed hash has to be revealed to the gambler before the bet is made, and the server hash has to be revealed afterwards.
With these, the gambler can verify if 1) server seed has changed and 2) the rolled number is really generated correctly.

House edge (%) = 1 - expected value (%) of the bet
So if the bet multiplier is 2 and the win chance is 49.5%, you will know the expected value is 2*49.5%=99% and the house edge is 1-99%=1%.

Oh sh*t what a math lol. So confusing haha. I will read this many times lol.

fox19891989

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Quote from: SyGambler on July 14, 2015, 02:07:29 PM

Quote from: fox19891989 on July 14, 2015, 01:57:22 PM

Firstly, you bet with martingale system? So you had 21 losses streak? Wow, sorry for your losses, 0.55btc is not a little money, sorry...

how about house edge there? I remember the house edge there is higher than 1%, and it is a faucet site, not a dice site, so you can play dice in a provably fair dice site, but not this faucet site. Besides, there are many dice sites have faucet, you may love it. Grin

well that's the weird point , I can understand that martinagle may surprise people and everyone won't believe that it's not safe unless he tried it first
but I can't understand why to play in it , you have to roll over 52.50 in order to get X2
their house edge is really terrible and you can at least reduce the chance of busting by playing in a good dice site
people here calculated his streak using a normal dice calculator , but the odds are actually way bigger due to their house edge

Wow, the house edge is very high, to roll over 52.5 to get 2X means the house edge is 2.5%*2 = 5%, OP is not clever actually, at least he doesn't know math, Grin

playing a 5% house edge dice game is not a good choice, there are general 1% dice sites which he can spend. And if I have to play a 5% house edge games, I may choose slots cos some slots can give your bonus round and get over 10X of the bet, much better than this ridiculous high dice game.

HeroCat

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Probably fair means - either you win or loose. 21 red streaks is nothing, I heard about 50 red streaks Wink

Regarding martingale method - it is very hard to say - it is good or not. If people win,they say martingale is best, if they loose, they say martingale always loose. Grin

tuvok007

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Quote from: Phildo on July 15, 2015, 08:05:46 AM

Quote from: tuvok007 on July 15, 2015, 01:48:28 AM

Quote from: subSTRATA on July 15, 2015, 12:10:11 AM

Quote from: lolnapp on July 14, 2015, 11:45:43 PM

Sorry to hear OP lose on Freebitco.in,
it is a good faucet site,
but their is house egde is 2.5%, whihc is way too high.

And better to keep away from those x 2 betting,
go find some with x 1.X

i would assume that the larger portion of people who use/play at freebitco.in are rather new to bitcoin, and as their site is usually the first one on google searches on "free bitcoin," i would also assume that the majority of these people have no idea of house edge, provably fair, etc. which allows for the site to get away with something ridiculous as a 5% house edge on their dice game.

Yep,all true. I think i"ll try one more time martingale system with 0.5 btc. My bet amount will be 13 sathosi so I can be ready for 22 "level deep scenario". I"ll use a dice site with 1% house edge and ofcourse pravably fair system. Wich one should I choose? Sathosi dice maybe?

You already hit the "impossible" 21 loss streak and now you're going to go back at it to try and hit 22? Why, to win 13 satoshi at a time?

Don't come crying when you hit your 22 game losing streak, because we all told you it was going to happen.

Yeah, more and more I think you are right.
So, Mr Marty sucks. period. What other strategies do you people suggests?

Dannie

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Quote from: oni.saori on July 15, 2015, 08:39:07 AM

sorry to hear that you lose on Freebitco.in,
This site is good for faucet users
Always Bet for 1.5x if you want to win But IF you bet 10 times continuous NExt 11 BTc will loss These sites make profit From gambelers
Gambling means High Profit at high Risk
0.55 Btc is big amount

In case you don't know it yet, the dice game always has a negative EV no matter what multiplier you choose. You are almost guaranteed to lose in the long run in any luck-only game.

oni.saori

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sorry to hear that you lose on Freebitco.in,
This site is good for faucet users
Always Bet for 1.5x if you want to win But IF you bet 10 times continuous NExt 11 BTc will loss These sites make profit From gambelers
Gambling means High Profit at high Risk
0.55 Btc is big amount

Phildo

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Quote from: tuvok007 on July 15, 2015, 01:48:28 AM

Quote from: subSTRATA on July 15, 2015, 12:10:11 AM

Quote from: lolnapp on July 14, 2015, 11:45:43 PM

Sorry to hear OP lose on Freebitco.in,
it is a good faucet site,
but their is house egde is 2.5%, whihc is way too high.

And better to keep away from those x 2 betting,
go find some with x 1.X

i would assume that the larger portion of people who use/play at freebitco.in are rather new to bitcoin, and as their site is usually the first one on google searches on "free bitcoin," i would also assume that the majority of these people have no idea of house edge, provably fair, etc. which allows for the site to get away with something ridiculous as a 5% house edge on their dice game.

Yep,all true. I think i"ll try one more time martingale system with 0.5 btc. My bet amount will be 13 sathosi so I can be ready for 22 "level deep scenario". I"ll use a dice site with 1% house edge and ofcourse pravably fair system. Wich one should I choose? Sathosi dice maybe?

You already hit the "impossible" 21 loss streak and now you're going to go back at it to try and hit 22? Why, to win 13 satoshi at a time?

Don't come crying when you hit your 22 game losing streak, because we all told you it was going to happen.

Shogen

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Quote from: chaser15 on July 15, 2015, 05:09:04 AM

So guys how do you know or how sure you are that those popular dice site "really" have provably fair and "sure" house edge given? Is there a way?

If a site is really provably fair, it should clearly documented how the bet result is generated and how the gamblers can check if the site has modified the result.
For example, on many sites, the rolled number is generated using a documented algorithm with server seed (set by the house), client seed (set by you) and nonce (a number to be increased by 1 after each bet). Furthermore, the server seed hash has to be revealed to the gambler before the bet is made, and the server hash has to be revealed afterwards.
With these, the gambler can verify if 1) server seed has changed and 2) the rolled number is really generated correctly.

House edge (%) = 1 - expected value (%) of the bet
So if the bet multiplier is 2 and the win chance is 49.5%, you will know the expected value is 2*49.5%=99% and the house edge is 1-99%=1%.

chaser15

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So guys how do you know or how sure you are that those popular dice site "really" have provably fair and "sure" house edge given? Is there a way?

pooya87

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Quote from: subSTRATA on July 15, 2015, 04:23:44 AM

Quote from: pooya87 on July 15, 2015, 04:20:09 AM

Quote from: tuvok007 on July 14, 2015, 05:35:15 AM

Just lost 0.55 btc. I divided my whole amount to 2 milion parts that is only 27 sathoshis per roll and i put it on autobeting whole night but i had 21 consecutive loses on "double your bet on lose" thing. I thought that there is no chance to lose 21 consecutive time but i guess there is.fuck me,fuck freebit.co.in fuck everything. Are they really "provably fair" or thats a crap?

what you are describing is the classic martingale method which will always lead to losing a large amount of money at the end.
while 21 loses in a row is rare but it happens, and in fact everybody who has ever tried martingale method has had the experience of these big losing streaks.
i heard that 31 loses is the max record that has happened so far in doubling bet on lose method so far.

not always; not to say that betting on martingale will ever go on indefinitely, but cashing out before going bust can five a bit of profit in the end. its just that people usually dont cash out out of greed.

in that case you will need an extremely deep pocket to do that and always win.
the thing is, if you start betting from 1 satoshi your winnings would be extremely small and if you get on a losing streak of like 30 times in a row (so unlucky) you should have around 5BTC in your banckroll at least to win on the 31st bet.

sbankerdemon

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Quote from: Coef on July 15, 2015, 12:06:22 AM

Quote from: tuvok007 on July 14, 2015, 05:35:15 AM

Just lost 0.55 btc. I divided my whole amount to 2 milion parts that is only 27 sathoshis per roll and i put it on autobeting whole night but i had 21 consecutive loses on "double your bet on lose" thing. I thought that there is no chance to lose 21 consecutive time but i guess there is.fuck me,fuck freebit.co.in fuck everything. Are they really "provably fair" or thats a crap?

Yes the site is provably fair, but it wouldn't make any sense unless you go verify your bets.

Quote from: lolnapp on July 14, 2015, 11:45:43 PM

Sorry to hear OP lose on Freebitco.in,
it is a good faucet site,
but their is house egde is 2.5%, whihc is way too high.

The house edge is indeed 5%, as you have only 47.5% chance to win a x2 bet and hence the EV is 95%.

5% house edge :O its huge. In btc games heard first time of such high house edge. Bat maybe coz i m new.

subSTRATA

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:^)

Quote from: pooya87 on July 15, 2015, 04:20:09 AM

Quote from: tuvok007 on July 14, 2015, 05:35:15 AM

Just lost 0.55 btc. I divided my whole amount to 2 milion parts that is only 27 sathoshis per roll and i put it on autobeting whole night but i had 21 consecutive loses on "double your bet on lose" thing. I thought that there is no chance to lose 21 consecutive time but i guess there is.fuck me,fuck freebit.co.in fuck everything. Are they really "provably fair" or thats a crap?

what you are describing is the classic martingale method which will always lead to losing a large amount of money at the end.
while 21 loses in a row is rare but it happens, and in fact everybody who has ever tried martingale method has had the experience of these big losing streaks.
i heard that 31 loses is the max record that has happened so far in doubling bet on lose method so far.

not always; not to say that betting on martingale will ever go on indefinitely, but cashing out before going bust can five a bit of profit in the end. its just that people usually dont cash out out of greed.

pooya87

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Quote from: tuvok007 on July 14, 2015, 05:35:15 AM

Just lost 0.55 btc. I divided my whole amount to 2 milion parts that is only 27 sathoshis per roll and i put it on autobeting whole night but i had 21 consecutive loses on "double your bet on lose" thing. I thought that there is no chance to lose 21 consecutive time but i guess there is.fuck me,fuck freebit.co.in fuck everything. Are they really "provably fair" or thats a crap?

what you are describing is the classic martingale method which will always lead to losing a large amount of money at the end.
while 21 loses in a row is rare but it happens, and in fact everybody who has ever tried martingale method has had the experience of these big losing streaks.
i heard that 31 loses is the max record that has happened so far in doubling bet on lose method so far.

erwin45hacked

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Quote from: FanEagle on July 15, 2015, 01:56:14 AM

I would hint you to play over betterbets, which if you find yourself in happy hour, there is even a 0.25% less of house edge.

True, betterbets gives happy hour on each Friday , lowering the house edge to 0.25 % for 2-3 hours . Also there is a luck forging to lower the house edge to 0.1 % . If you are looking for a house where you can get the low house edge and a fast roll for your martingale, betterbets is the answer

FanEagle

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No martingale, If you really wanna lose them in a really fashion way:
20 satoshi, 5x 30% with 0.5 it would be impossible to lose, if you still lose this way, it's better if you find another sport to bet on :3

I would hint you to play over betterbets, which if you find yourself in happy hour, there is even a 0.25% less of house edge.

Shogen

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Quote from: tuvok007 on July 15, 2015, 01:48:28 AM

Quote from: subSTRATA on July 15, 2015, 12:10:11 AM

Quote from: lolnapp on July 14, 2015, 11:45:43 PM

Sorry to hear OP lose on Freebitco.in,
it is a good faucet site,
but their is house egde is 2.5%, whihc is way too high.

And better to keep away from those x 2 betting,
go find some with x 1.X

i would assume that the larger portion of people who use/play at freebitco.in are rather new to bitcoin, and as their site is usually the first one on google searches on "free bitcoin," i would also assume that the majority of these people have no idea of house edge, provably fair, etc. which allows for the site to get away with something ridiculous as a 5% house edge on their dice game.

Yep,all true. I think i"ll try one more time martingale system with 0.5 btc. My bet amount will be 13 sathosi so I can be ready for 22 "level deep scenario". I"ll use a dice site with 1% house edge and ofcourse pravably fair system. Wich one should I choose? Sathosi dice maybe?

SatoshiDice has a 1.9% house edge instead of 1%.
I would recommend you to play on Primedice (most trusted, 1% house edge) or Safedice (not as trusted as PD but has a 0.5% house edge).

Topic: freebit.co.in multiplay system - page 2. (Read 7222 times)