How Gamblers Gamble? | Bitcointalksearch.org

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Quote from: bajing on July 25, 2016, 11:54:43 PM

Every person have their own strategy maybe the most of them call it is a method they have to beat the dice game but i almost using 50/50 just hope some luck make me win.

50/50 chance to win? I dont think there are such thing because every gambling sure have house edge, so you cant get the 50/50 game to double your money. Although you have 60-70% winning chance you will suffer much red sreak too

TraderETH

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The odds of gambling is always 50:50, if there are gamblers much lost their money should be not becoming problem. Because usualy the gamblers are always calculating of risk when they play gambling. And if the gamblers should be not becoming greed when they won.

ralle14

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I see a poll and voted for some of each I do gamble on different multipliers and limit my rolls each day to minimize losses. If I manage to lose my deposit while im gambling I just accept what happened and go on.

bajing

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Every person have their own strategy maybe the most of them call it is a method they have to beat the dice game but i almost using 50/50 just hope some luck make me win.

MaritiJames3

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Quote from: OrangeII on July 25, 2016, 02:08:59 PM

I do not know how a professional gambler gambling, but gambling with the way I played my own. I always use the odds @ 1.50 in competitive sports, because I think it was a good decision. besides, I do not have a good strategy in the game of dice, but I was just playing for fun

It's hard to know their strategy but i bet it has something to do with comparing odds per casino.
That's the reason they need bookmakers, to secure their risk to a minimum. Gambling is all about odds..

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Quote from: lclclc223 on July 24, 2016, 06:45:43 AM

I'm trying to analyze behavioral trends on gamblers. Does anyone have a source to compare mass amounts of data from moneypot or other sites? Or do you have some evidence?

Basically, what I'm trying to figure out is:

1) Do people gamble with odds that are above or below 50/50?
2) How do people respond to large losses (in the event of conservative betting) or large wins (in the opposite event)

There are lots of people who gamble with odds less than 50% One of which is the lottery, slots, rolette and scratch card. Gambler just laugh as a respond to a large losses, and when win some will make a party to celebrate. Others tend to chase their lose that result in further losses.

OrangeII

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I do not know how a professional gambler gambling, but gambling with the way I played my own. I always use the odds @ 1.50 in competitive sports, because I think it was a good decision. besides, I do not have a good strategy in the game of dice, but I was just playing for fun

aranachristianjay

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Quote from: lclclc223 on July 24, 2016, 06:45:43 AM

I'm trying to analyze behavioral trends on gamblers. Does anyone have a source to compare mass amounts of data from moneypot or other sites? Or do you have some evidence?

Basically, what I'm trying to figure out is:

1) Do people gamble with odds that are above or below 50/50?
2) How do people respond to large losses (in the event of conservative betting) or large wins (in the opposite event)

I do mostly play a low multiplier.

Cause by doing that you are also dividing the chances of winning and losing does making more chances of winning or in other hand losing.
also by doing that, the game last a little bit longer than high multiplier, so it is more enjoyable to play.

ronaldo40

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if in a game of dice, to be honest I would have preferred to play on chance below 50%, because I am less good at reading patterns, so it is better to play less than 50% and get a winning streak Grin

equator

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Quote from: lclclc223 on July 25, 2016, 01:14:39 AM

Quote from: Erza on July 24, 2016, 08:24:09 PM

Quote from: lclclc223 on July 24, 2016, 06:45:43 AM

I'm trying to analyze behavioral trends on gamblers. Does anyone have a source to compare mass amounts of data from moneypot or other sites? Or do you have some evidence?

Basically, what I'm trying to figure out is:

1) Do people gamble with odds that are above or below 50/50?
2) How do people respond to large losses (in the event of conservative betting) or large wins (in the opposite event)

What is the point actually of your question? There is a lot of dice sites which is can provide you this thing. Why choose moneypot dice? And I guess moneypot has many dice games which one do you choose? And what is the reason do you need everyone response? Because on each people has different responses and different limit on how much they are willing to lose or win

That is true, I should have been more specific with my question. I was actually asking about dice games only. What I meant by 50/50 was actually 2x odds. And the reason I chose moneypot is because they have a comprehensive list of all the bets placed. In addition, I think I should make clear what I am trying to do with this data: creating a strategic formula for investing in and divesting from the moneypot house depending on previous bets. Which leads me to another question. Perhaps you have heard the saying: the top 1% of people control 50% of the wealth. Now solve for x: the top x% of gamblers (on dice sites) account for 50% of the bet volume?

As per my knowledge you wont be able to get the specific type of bets what gamblers gamble, because their are so many type of strategy to bet on dice, even i use each and every time different type, because we cannot use specific type of strategy as this is will in loss in long time.

newcripto

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Dice is not my first choice to play whenever I play online. I still have spent good time playing dice. My playing style is some of each option mentioned in poll. I never used martingale in dice and always play selective according to situation multipliers. Random bets and random higher multipliers many times worked for me.

michietn94

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They have on their own strategy on their gameplay but mostly I'm seeing they play with 2x multiplier and 3 multiplier.
If you gamble on dice, there are house edge that ready to take you down. But if we look on poker player for example : you can just bluffing as a part of your strategy to win the match

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Quote from: lclclc223 on July 24, 2016, 06:45:43 AM

I'm trying to analyze behavioral trends on gamblers. Does anyone have a source to compare mass amounts of data from moneypot or other sites? Or do you have some evidence?

Basically, what I'm trying to figure out is:

1) Do people gamble with odds that are above or below 50/50?
2) How do people respond to large losses (in the event of conservative betting) or large wins (in the opposite event)

1) I will just state my case when it terms on sportsbetting since I mostly played this than the usual house edge games. When it comes to sportsbetting, everything above @1.8 is fine.

2) Depends again on that person as every gambler has different point of view on how will they respond in their losses. Again in my case, Im doing martingale in sports betting. No way you can hit the lossing streak for at least above 5 consecutive loss. If that's the case then better stay away from gambling now lol.

JasonXG

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I find 50/50 is best then you make the same amount each time and you can "catch" a loss by taking the exact same bet again. I martingale but on a loss I rebet again to break even. Then rebet again to get ahead +1 but if I fall behind I double up again to break even then go down again for a +1 win or stay the same for a +2 win then drop down to +1 again so if I lose I'm still up +1 . knowing when to hit or leave it is the most difficult though.

drwtsn32

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I wonder how you are going to evaluate this given that most of us voted for "some of each" option.

Anyways, how I deal with a huge loss is stopping my gambling for the day. I also do the same with dealing with a huge win.
I'm already lucky to win such a huge amount, I don't have the guts to risk it any longer.

kpitti

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I do not have any specific way how to gamble. If I have good day I try to odds like 2.5, but more usualy going for lower odds.
All depends on the luck and amount I am beeting with.

shugareward

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Quote from: lclclc223 on July 24, 2016, 06:45:43 AM

I'm trying to analyze behavioral trends on gamblers. Does anyone have a source to compare mass amounts of data from moneypot or other sites? Or do you have some evidence?

Basically, what I'm trying to figure out is:

1) Do people gamble with odds that are above or below 50/50?
2) How do people respond to large losses (in the event of conservative betting) or large wins (in the opposite event)

when i play at dice sites i play below 2x because i don't like to risk that much, but usually i play poker and sport bets only these days now

Xenophoto

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I usually just do less than 1.5x because the chances of winning is higher than doing 2x. If I want to recover losses, I just keep on betting until I completely recover my losses. Otherwise, I higher my bet and also the multiplier. If I win, then I would surely recover all the loss that I had.

There are also times when I get the feeling that it will rise up to 7x to 15x so I do manual betting and just follow my instincts when to cash out. 15x recovers 15 losses so no need to worry if you're losing a lot, once you win, you'll recover those losses.

buddu

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At multiplier of 2X I play in dice and don't touch the multiplier because in my opinion at this multiplier chances of winning are higher in comparison with 90% or so. What I change is amount where I use martingale with mixing of random bets. This is what I think using same method of placing bets is predictable by house though it is fair and clear.

electronicfactura

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I don't have any specific multiplier to play with. all depends on situation and mood. Usually I like to play at 3X because in few streaks it shows one or two green streaks on this multiplier. When I want to play in auto mode then set multiplier at 1.10X and let the dice roll for like 100 bets. Manually I love to play at 3x-4X multiplier in dice and it works fine most of the time.

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