Pages:
Author

Topic: Gambling with entropy (Chaos) - page 2. (Read 972 times)

hero member
Activity: 2114
Merit: 603
December 07, 2023, 10:07:11 AM
#58
The entropy is good until we lose most of the money, lose our heads, and jump in to take control of the bot. The problem is never with the bots, but it is either the house edge or the user who has invested money. The bots will follow the protocol, however, if someone weak is seeing their balance is draining below 50% then they might get unstable emotionally. They could sometimes interfere with the bets and destroy the good streak or the hit coming up.

I am not using the bots but I am applying the same strategy. May be everyone has been through the same strategy all the time, you know that increase the bet amount with a certain % when we are losing, then double it when we lose by X% and shit. However, sometimes if a losing streak is coming then it is coming no matter what.

I have lost more than enough once on the freebitco multiplier, it took me couple of weeks courage to put everything together and then start wagering again. LOLZ
legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
December 07, 2023, 09:43:51 AM
#57
This requirement also violates the human right to privacy, which is guaranteed by the fundamental documents of human rights.  
That's what I think.

It is, as you said, humiliating.

There are some reasons why KYC would be justified, even though in most cases it vulnerates the human right to privacy, it's true. For example, it is good to verify that no children have access to gambling (is is now being discussed in my country whether it would be advisable KYC to see porn, with a strong interest followed mainly by the feminists). But not for money laundering, because under suspicion of being guilty, the police can find a criminal without having to impose mandatory identification to every citizen.

I still think that there must be a way to probe online that you are an adult without giving away all your personal data. Maybe the blockchain could hold this info cyphered, so anyone could sign a message for example to prove that he is 18+.

Users has human rights to privacy, i agree with that, but the casinos make the game rules, and if you want to play in their engines then you need to follow their rules. And casinos don't implement KYC just to fuck around with users, they have reasons for it:

* Avoid users underage.
* Avoid promotions abuse
* Avoid money laundering

But user can take the desition if gamble with those rules or not. That's why i use my betting bots in JD, they don't have KYC, they don't care about bots, and they allow multiple accounts. So, for me those are fair rules for the users.
If we say that the casino, when conducting the KYC verification procedure, makes sure that children under 18 years of age cannot gamble, then this is of course correct, but in my opinion a much greater responsibility lies with the parents or guardianship of such a child.  They should be monitoring this, not the casino.  And parents should prevent their children from trying to gamble.  
As for money laundering, this is also not the concern of the casino.  This should be done by law enforcement agencies, and they, in turn, have all the necessary tools to find out the identity without any KYC.  
So it turns out that by requiring KYC, the casino is not doing its own business, but is doing some unnecessary extra work to collect personal information.  And by the way, there is also a burden in the form of special storage of confidential databases.  And the potential vulnerabilities of the business itself in the event of theft or hacking of these databases.  Does the casino itself need to do all this?  Most likely it is not necessary at all.  
So we come to the conclusion that KYC should die out in casinos over time.

That's right, delfastTions, but there are other interests too besides those of casino managers and gamblers. As long as KYC is the most effective way for controllers to do their job, it seems that human rights like privacy and personal data protection principles like the one about minimization of data can be broken, until a Court decides otherwise.

So, taking into account that rule makers won't change their mind in the short term, the best solution, again, IMO, would be to create some kind of system which would allow the user verify different checkmarks (age, nationality,...) without the need to conduct all the KYC process as we know it today with ID card, Passport, selfie and/or whatever other documents required.
legendary
Activity: 2702
Merit: 1465
December 07, 2023, 04:40:59 AM
#56
This requirement also violates the human right to privacy, which is guaranteed by the fundamental documents of human rights. 
That's what I think.

It is, as you said, humiliating.

There are some reasons why KYC would be justified, even though in most cases it vulnerates the human right to privacy, it's true. For example, it is good to verify that no children have access to gambling (is is now being discussed in my country whether it would be advisable KYC to see porn, with a strong interest followed mainly by the feminists). But not for money laundering, because under suspicion of being guilty, the police can find a criminal without having to impose mandatory identification to every citizen.

I still think that there must be a way to probe online that you are an adult without giving away all your personal data. Maybe the blockchain could hold this info cyphered, so anyone could sign a message for example to prove that he is 18+.

Users has human rights to privacy, i agree with that, but the casinos make the game rules, and if you want to play in their engines then you need to follow their rules. And casinos don't implement KYC just to fuck around with users, they have reasons for it:

* Avoid users underage.
* Avoid promotions abuse
* Avoid money laundering

But user can take the desition if gamble with those rules or not. That's why i use my betting bots in JD, they don't have KYC, they don't care about bots, and they allow multiple accounts. So, for me those are fair rules for the users.
If we say that the casino, when conducting the KYC verification procedure, makes sure that children under 18 years of age cannot gamble, then this is of course correct, but in my opinion a much greater responsibility lies with the parents or guardianship of such a child.  They should be monitoring this, not the casino.  And parents should prevent their children from trying to gamble. 
As for money laundering, this is also not the concern of the casino.  This should be done by law enforcement agencies, and they, in turn, have all the necessary tools to find out the identity without any KYC. 
So it turns out that by requiring KYC, the casino is not doing its own business, but is doing some unnecessary extra work to collect personal information.  And by the way, there is also a burden in the form of special storage of confidential databases.  And the potential vulnerabilities of the business itself in the event of theft or hacking of these databases.  Does the casino itself need to do all this?  Most likely it is not necessary at all. 
So we come to the conclusion that KYC should die out in casinos over time.
sr. member
Activity: 952
Merit: 275
December 07, 2023, 03:22:23 AM
#55
This might says a lot why I always lose with my small bets, few people have proven that using large money makes you win, but doesn't it neutralize you losing? Because it seems the chances of winning is what only increases, I don't still like the idea.

It's like saying I should start using big amount of money to win, that's an expected strategy from casinos anyway, I have no choice or any change of heart to start using a large amount so that I can win, it sounds like a bigger trap.

I never like using Bots for anything, gambling or trading, I believe its not great, I would rather do the thing myself, and I am quit satisfied with what I am getting using small amount of money that I can afford to lose.

Do not risk more than you can afford to lose, all because of increasing your chances of winning, you can still lose the money no matter how big it is, people have lost 400k in a swipe gambling, be responsible.
legendary
Activity: 3346
Merit: 3125
December 06, 2023, 10:19:15 AM
#54
This requirement also violates the human right to privacy, which is guaranteed by the fundamental documents of human rights. 
That's what I think.

It is, as you said, humiliating.

There are some reasons why KYC would be justified, even though in most cases it vulnerates the human right to privacy, it's true. For example, it is good to verify that no children have access to gambling (is is now being discussed in my country whether it would be advisable KYC to see porn, with a strong interest followed mainly by the feminists). But not for money laundering, because under suspicion of being guilty, the police can find a criminal without having to impose mandatory identification to every citizen.

I still think that there must be a way to probe online that you are an adult without giving away all your personal data. Maybe the blockchain could hold this info cyphered, so anyone could sign a message for example to prove that he is 18+.

Users has human rights to privacy, i agree with that, but the casinos make the game rules, and if you want to play in their engines then you need to follow their rules. And casinos don't implement KYC just to fuck around with users, they have reasons for it:

* Avoid users underage.
* Avoid promotions abuse
* Avoid money laundering

But user can take the desition if gamble with those rules or not. That's why i use my betting bots in JD, they don't have KYC, they don't care about bots, and they allow multiple accounts. So, for me those are fair rules for the users.
legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
December 06, 2023, 06:32:18 AM
#53
Legit but accusations? Isn’t it in contrast? Not to invalidate those instances but Stake and other reputable gambling sites won’t still be in such position if things are really problematic.But I respect those who prefers platforms which does not require KYC;  we have different tolerance with site rules in the first place and of course it won’t be suggested to players who are up against mentioned procedure.
<...>
-snip-

However, I had a question, if you take all the millions of gambling players around the world and ask them what percentage would prefer to play anonymously and not go through all these humiliating KYC procedures, but, of course, if the players were sure,  that there will be no obstacles from the casino side when withdrawing the money won.  I think that 90% of players would prefer to play without KYC.  By the way, this is a big problem for the entire gambling industry - the problem of casinos imposing KYC on consumers - players.  It is clear that these are legal requirements.  But this requirement limits the rights of consumers and after some time, subject to the free development of society, should be abolished. 
This requirement also violates the human right to privacy, which is guaranteed by the fundamental documents of human rights. 
That's what I think.

It is, as you said, humiliating.

There are some reasons why KYC would be justified, even though in most cases it vulnerates the human right to privacy, it's true. For example, it is good to verify that no children have access to gambling (is is now being discussed in my country whether it would be advisable KYC to see porn, with a strong interest followed mainly by the feminists). But not for money laundering, because under suspicion of being guilty, the police can find a criminal without having to impose mandatory identification to every citizen.

I still think that there must be a way to probe online that you are an adult without giving away all your personal data. Maybe the blockchain could hold this info cyphered, so anyone could sign a message for example to prove that he is 18+.
legendary
Activity: 2702
Merit: 1465
December 06, 2023, 02:58:38 AM
#52

Legit but accusations? Isn’t it in contrast? Not to invalidate those instances but Stake and other reputable gambling sites won’t still be in such position if things are really problematic.But I respect those who prefers platforms which does not require KYC;  we have different tolerance with site rules in the first place and of course it won’t be suggested to players who are up against mentioned procedure.
Stake remain one of the most popular and reputable casinos that we have in the market and since their have been around for many years and havenr build a good foundation and reputation stake is reliable enough for any one to be willing to hand out their documents for verifications and also even so that stake is regulatory compliance casino, their still have a high respect for privacy and that is why we see that some gamblers will win and withdraw they winning without any restrictions.


But regardless for that privilege of being able to witdraw big amount from the casino, bur rhe fact is that, some gamblers who think that their privacy cant be risk for whatever reputation they decide to stay clear of such centralized kyc casinos, and you cant blame them for that.


Of course, all players know Stake and this is truly an old and proven casino, this is understandable. 

However, I had a question, if you take all the millions of gambling players around the world and ask them what percentage would prefer to play anonymously and not go through all these humiliating KYC procedures, but, of course, if the players were sure,  that there will be no obstacles from the casino side when withdrawing the money won.  I think that 90% of players would prefer to play without KYC.  By the way, this is a big problem for the entire gambling industry - the problem of casinos imposing KYC on consumers - players.  It is clear that these are legal requirements.  But this requirement limits the rights of consumers and after some time, subject to the free development of society, should be abolished. 
This requirement also violates the human right to privacy, which is guaranteed by the fundamental documents of human rights. 
That's what I think.
hero member
Activity: 910
Merit: 507
October 12, 2023, 05:52:30 AM
#51

Legit but accusations? Isn’t it in contrast? Not to invalidate those instances but Stake and other reputable gambling sites won’t still be in such position if things are really problematic.But I respect those who prefers platforms which does not require KYC;  we have different tolerance with site rules in the first place and of course it won’t be suggested to players who are up against mentioned procedure.
Stake remain one of the most popular and reputable casinos that we have in the market and since their have been around for many years and havenr build a good foundation and reputation stake is reliable enough for any one to be willing to hand out their documents for verifications and also even so that stake is regulatory compliance casino, their still have a high respect for privacy and that is why we see that some gamblers will win and withdraw they winning without any restrictions.


But regardless for that privilege of being able to witdraw big amount from the casino, bur rhe fact is that, some gamblers who think that their privacy cant be risk for whatever reputation they decide to stay clear of such centralized kyc casinos, and you cant blame them for that.

hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
October 12, 2023, 05:40:12 AM
#50
It's nice to see someone posting their strategy along with pics and source code of how they placed their bets.
Not everyone does it. So cheers to that @seoincorporation. It's good that you are making profits at the end of the day.
Keep monitoring your profits and I hope you don't end up using it all up for betting and lose it. Try to use a strategy for limiting losses as well.
Well it very rare to find thread like this created by @seoincorporation about betting and he has shared it in detail and is still active to provide progress or developments on the thread he has created.
Some threads may only share few words without detailed and open explanation but here there is enough experience that he shares that it will be very useful for all users who might want to try it.

But I still a little doubtful whether what @seoincorporation is doing can also be applied to other casinos which may have their own rules and make it difficult for gamblers to do more things when betting to increase their chances of winning.
legendary
Activity: 3346
Merit: 3125
October 11, 2023, 02:44:19 PM
#49
Going back, this strategy seems to work well but only with condition; having a large bag to bet and won’t be applicable to all gamblers in this industry. Quite of a huge number of bets to generate profit and being not a fan of bots, I think I won’t be able to enjoy my gambling experience with this. However it is a great strategy, no doubt.

You don't need a "large bag" to use these methods, i mean, you can get 1000 of that coin with only 0.0045 btc, and the min bet in the site is 0.00000001, so, since the bot run based in the bankroll even in you have 0.0001 in the balance it will run. Even users can get 0.01 from the faucet and run the bot with that each hour.

But at some point is boring to hit those huge multipliers with low amounts, that's why i started chasing big wins.
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
October 11, 2023, 11:33:50 AM
#48
And this is why i don't do it on stake, i don't like anymore that kind of casinos that uses KYC as an excuse to hold the users winnings, i even get muted on stake's chat for talking about my clams winnings, i get a 6 months mute. So, is a nice way to lose a customer.
There are many customers who got screwed by Stake for rubbing them the wrong way. They clearly know how to exert their dominance in this saturated crypto gambling world if you ask me.

Legit but accusations? Isn’t it in contrast? Not to invalidate those instances but Stake and other reputable gambling sites won’t still be in such position if things are really problematic.
Legit accusations? What's confusing about that? Also, Stake isn't outright scamming customers like 1xbit, but they are using unethical strategies to save money.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
October 10, 2023, 11:12:16 AM
#47
One thing I will say is that if you tried this on Stake and succeeded, I am sure you'd be asked for KYC that you can't complete and that you wouldn't be able to get the balance to your wallet. Maybe consider another site Wink (Stake has tens of open claims for very large amounts, see scam accusations section)
This is a great suggestion. Stake requires KYC for deposits and withdrawals which is why it isn't recommended for no-KYC fans even though it is one of the most popular crypto casinos around these days.

It's crazy seeing several legit scam accusations against them going unresolved within this forum.
Legit but accusations? Isn’t it in contrast? Not to invalidate those instances but Stake and other reputable gambling sites won’t still be in such position if things are really problematic.But I respect those who prefers platforms which does not require KYC;  we have different tolerance with site rules in the first place and of course it won’t be suggested to players who are up against mentioned procedure.

Going back, this strategy seems to work well but only with condition; having a large bag to bet and won’t be applicable to all gamblers in this industry. Quite of a huge number of bets to generate profit and being not a fan of bots, I think I won’t be able to enjoy my gambling experience with this. However it is a great strategy, no doubt.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
October 10, 2023, 10:56:36 AM
#46
It's nice to see someone posting their strategy along with pics and source code of how they placed their bets.
Not everyone does it. So cheers to that @seoincorporation. It's good that you are making profits at the end of the day.
Keep monitoring your profits and I hope you don't end up using it all up for betting and lose it. Try to use a strategy for limiting losses as well.
legendary
Activity: 3346
Merit: 3125
October 10, 2023, 10:00:24 AM
#45
If the clams price regains, you will be one of the important reasons @seoincorporation because you've "beaten up the dead horse" and now the horse is ready to get back into shape, and finally, into the game.
To be honest, i think it will be really hard to see clams going up, and that's for multiple reasons but i will mention 2:

1.- If someone wins big in the casino and decide to sell then the price could crash 33% or more.
2.- There are a lot of investors waiting for the bump to sell, son if someone decide to bump the market then one of the investors will fill those orders.

One thing I will say is that if you tried this on Stake and succeeded, I am sure you'd be asked for KYC that you can't complete and that you wouldn't be able to get the balance to your wallet. Maybe consider another site Wink (Stake has tens of open claims for very large amounts, see scam accusations section)
This is a great suggestion. Stake requires KYC for deposits and withdrawals which is why it isn't recommended for no-KYC fans even though it is one of the most popular crypto casinos around these days.

It's crazy seeing several legit scam accusations against them going unresolved within this forum.
And this is why i don't do it on stake, i don't like anymore that kind of casinos that uses KYC as an excuse to hold the users winnings, i even get muted on stake's chat for talking about my clams winnings, i get a 6 months mute. So, is a nice way to lose a customer.
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
October 10, 2023, 07:28:46 AM
#44
One thing I will say is that if you tried this on Stake and succeeded, I am sure you'd be asked for KYC that you can't complete and that you wouldn't be able to get the balance to your wallet. Maybe consider another site Wink (Stake has tens of open claims for very large amounts, see scam accusations section)
This is a great suggestion. Stake requires KYC for deposits and withdrawals which is why it isn't recommended for no-KYC fans even though it is one of the most popular crypto casinos around these days.

It's crazy seeing several legit scam accusations against them going unresolved within this forum.
legendary
Activity: 3052
Merit: 1273
October 10, 2023, 04:49:06 AM
#43
If the clams price regains, you will be one of the important reasons @seoincorporation because you've "beaten up the dead horse" and now the horse is ready to get back into shape, and finally, into the game.
We all almost forgot about just-dice but you brought the life back to it as even after being here since long time, we just went ahead and gave up on the past.
And I saw on altquick that there's a sell at 478 sats worth 0.015xxx BTC for above 3000 coins, which means that if you keep rolling for x3300 for 3000 times with just 478 sats per bet and if you it this x3300 for 2 times (and if highly lucky, then 10 times), you'll get a decent amount on hands to play again by only keeping the initial balance on the site and taking out the winnings. Wink
legendary
Activity: 1666
Merit: 1037
October 09, 2023, 04:08:06 PM
#42
Congratulations on some of these wins. It looks like you're actually having fun here rather than going for a profit, especially considering the currency you're using to play.

What is the total profit so far?
I have been betting on that site for years, and my profit after 1,189,133 bets is 3,126.71 clams until today.

My profit from staking on the site is 200.36 clams as you can see in the image:



And I have done staking on my own core for a profit close to 1500 or more in the past years.

Right now I'm not holding a big amount, my server has 4471 for staking, and I'm getting 1 clam/day.

Can clams even be traded on any exchanges these days? Last I knew shapeshift was the only place to get them, but maybe you know of another exchange?

There are 2 options for trading clams nowadays:

https://altquick.com/exchange/market/Clamcoin
https://freiexchange.com/market/CLAM/BTC

It still low as hell, but maybe one day a whale decide to have fun with the markets, lol.

But to be clear, this is not about the coin, is about gambling and the chaos on bets. Maybe a bot like this for Stake would be nice.



Keep some, I'm sure one day your wish will come true based on those order books Wink

One thing I will say is that if you tried this on Stake and succeeded, I am sure you'd be asked for KYC that you can't complete and that you wouldn't be able to get the balance to your wallet. Maybe consider another site Wink (Stake has tens of open claims for very large amounts, see scam accusations section)
legendary
Activity: 3346
Merit: 3125
October 09, 2023, 03:20:34 PM
#41
Wow, justdice 😍
I remember those days when BTC wasn't too much in value, and so we used to gamble big whenever got a chance after getting paid our signature earnings of up to 1 BTC a week. Cheesy
Yes, there were some crazy winnings after long losing streaks but then placing random bets on any bets and winning was casual during those days. And talking about wave, I also believe that the change of bet sizes and strings worked for many and gave them huge wins.

I remember those old time when Just-Dice used to be for bitcoin and huge bets were played there, looking for an article i found this image:


222 BTC bets was just insane even for those times when BTC price was low. the article where i take the image from is this one:

https://www.coindesk.com/business/2013/07/19/bitcoin-gambler-cheats-satoshidice-competitor-just-dice-out-of-1300-btc/

And now is a fun site because the coin they use is cheap as hell, so, when you place a 1 clams bet is like betting 450sats. Anyone can feel like a high roller, but is complex to take that 4.6M bankroll.
legendary
Activity: 3052
Merit: 1273
October 09, 2023, 02:36:56 PM
#40
Wow, justdice 😍
I remember those days when BTC wasn't too much in value, and so we used to gamble big whenever got a chance after getting paid our signature earnings of up to 1 BTC a week. Cheesy
Yes, there were some crazy winnings after long losing streaks but then placing random bets on any bets and winning was casual during those days. And talking about wave, I also believe that the change of bet sizes and strings worked for many and gave them huge wins.
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
October 09, 2023, 01:58:48 PM
#39
Just stumbled into this thread and I must say that it's quite unique and interesting. Am a big fan of gambling strategies primarily for fun sake which is why I will try some of the strategies that you advised in the future.

The one strategy that rules them all in the world of gambling if you ask me is yolo gambling as long as you are alright with short sessions and high risk factor.
Pages:
Jump to: