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Topic: How Gamblers Gamble? - page 2. (Read 1190 times)

legendary
Activity: 1134
Merit: 1598
July 25, 2016, 04:00:27 AM
#30
I usually go for >2x multiplier. Playing with lower or playing martingale isn't that fun for me. I know there's no strategy, there's no way you can play smart when gambling. It's all just about luck. And the multiplier is just our preference: high profit in long time or less profit in short time. After like a month of trying both, you'll find out you got the same profit.
legendary
Activity: 3010
Merit: 1460
July 25, 2016, 03:41:09 AM
#29
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)

If you started this thread to gather information in order to study the gambler's winning ways the you are out of luck. Most people in here are losing gamblers including me. So any suggestions made here should not be taken seriously. The winning gamblers will never expose the style they are playing. Why give away that information for free? I am sure they have gone through a lot of bad experience to become a winning gambler.
legendary
Activity: 1232
Merit: 1029
July 25, 2016, 02:05:16 AM
#28
1) Do people gamble with odds that are above or below 50/50?
Yes. Higher the risk, higher the reward. That's just about it.

2) How do people respond to large losses (in the event of conservative betting) or large wins (in the opposite event)
That depends on people. Large losses, I don't take it personally if it's my fault. I would take it personally though if the game was rigged for me to lose. Besides, I never really gamble an amount that I cannot afford to lose so of course, whenever I gamble, I always have to think of the chances that I may lose them all.
With large wins however, if I did get  2x my initial, I'd probably stop and go for a different game.
legendary
Activity: 3500
Merit: 1354
July 25, 2016, 01:48:24 AM
#27
Every gambler has their own style on how to gamble their money, gamblers may have more than one style on gambling depends on their own mood.
Its all about preferences but mostly dice gamblers are playing with 2x multiplier more often than other multiplier.
legendary
Activity: 3248
Merit: 1179
July 25, 2016, 01:38:37 AM
#26
Before I played around x 2, with doubling every next bet or tripling depends. That is classic martingale and I didn't have luck, on dices with that kind of strategy, I have negative score with this game.
Recently I started to chase higher odds, I'm looking which numbers come and then I'm trying to hit something big, like more then x 10 or even higher odds. But I play with small amounts, I will never give more then 5 mBTC for playing dices, even this js just for a bit fun, if I hit something good, if not no nervousness. I lost to much and I don't wish to relax to much with dice game.
legendary
Activity: 2898
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
July 25, 2016, 01:28:53 AM
#25
you will see various answers regarding your questions because every gamblers have their own method and their strategies because some people more likely gamble with high odds than 50/50 and some of them also very like start gamble with small odds because they want safe bets and my answers for number 2 is win or losses will not so different for the real gamblers because if their results lost or won they will still do gamble day by day
full member
Activity: 174
Merit: 100
July 25, 2016, 01:14:39 AM
#24
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?
sr. member
Activity: 1540
Merit: 282
tBTC - https://dapp.tbtc.network/
July 24, 2016, 10:00:47 PM
#23
Yes, I like going at super low chances, or playing slots, which are kind of like that, if i lose y try one or 2 more times, and if i win, i round it to a full number and cash out Smiley
legendary
Activity: 1078
Merit: 1000
July 24, 2016, 08:24:09 PM
#22
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
hero member
Activity: 1008
Merit: 540
July 24, 2016, 08:16:36 PM
#21
This is a dice game issue, most of the high rollers sticks with 2x payout or 50 percent chances of winning, and some high rollers stays in 2.4x payout with a martingale strategy, because they believe that these two strategies can make profits. Now, some gamblers follows their strategies in automated betting, they didn't know that they will lose in the long run, but they still gamble and continue betting. Even if they lost, they still not give up to retrieve their losses.
member
Activity: 98
Merit: 10
July 24, 2016, 05:29:11 PM
#20
I think most of gamblers gamble on under then the 50/50 chances especialy in football when making parlays and if they go for a single small bet they go for higher then the 50/50 chances and with higher bets they go with under
hero member
Activity: 798
Merit: 503
July 24, 2016, 05:14:55 PM
#19
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)
Irrespective of whatever method anyone might use is still get down to the issue of chance and nothing else however some who have the opportunity to understand how it works are only able to increase their chance of winning and not with certainty that they will win and in the same vain reduce their chances of losing only base on chance... For the loss part, large is relative as what might be large to you might be peanut to another... My 2 cents...
sr. member
Activity: 240
Merit: 250
July 24, 2016, 04:56:42 PM
#18
I think that every person has unique style of gambling. Yes there are some methods that you can share, but anyway each person gamble how he or she feels.
For a successful game of cards you need to learn to recognize the styles of play of their opponents. Teach them to identify, you can use against your opponents the correct strategy and tactics that will give you a much better chance of winning.
hero member
Activity: 770
Merit: 500
July 24, 2016, 02:51:54 PM
#17
I think that every person has unique style of gambling. Yes there are some methods that you can share, but anyway each person gamble how he or she feels.

Lol I have an unique style of gambling ^^ its called losing all your money in under a minutes. No but seriously there are different styles of gambling just like there different styles of everything else in the world. Some are fast some are slow. Some big some small. Depend on your bankroll and what you willing to be and not to bet. I'm sure though we can all assume that the bigger the bankroll the bigger the bets being taken by the owner of that specific bankroll.
legendary
Activity: 905
Merit: 1000
July 24, 2016, 02:23:06 PM
#16

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

1) Do people gamble with odds that are above or below 50/50?


That is a valid way to sort gamblers.  Many people are happy to bet money on propositions that have a negative rate of return.  That is the definition of a casino or a lottery.  The other type of gambling involves waiting until you have an advantage (greater than 50/50) before increasing the bet size.  This is what a very few blackjack players and many poker players are able to do.  They bet less when they don't have an advantage, and more when they do have an advantage.

So, you can best sort the people who gamble with odds that are above or below 50/50 just by observing the games they play.
hero member
Activity: 910
Merit: 1000
July 24, 2016, 02:14:27 PM
#15
everyone gamble with their own way, I think the gambler has always try and develop new method and sharpen their skill, i think most of the gambler ever gamble below 50/50 odds, an professional gambler always know how to handle lost, when they lost they will cool down and will back again to gamble and if they win big for sure there will be a party
Yes, all gamblers strategy is not same, everyone can create a there own strategy, So if that plan works they will follow that until they lose more money. Once they think that strategy is losing then they will make another plan. So it depends on our daily experience. Every loss can make us create new strategy. And yes real gamblers know when to stop gambling.
hero member
Activity: 1638
Merit: 756
Bobby Fischer was right
July 24, 2016, 02:08:08 PM
#14
Does anyone have a source to compare mass amounts of data from moneypot or other sites?

Have found some spreadsheets of data on this page (black links in the middle of the page)
That data may not be from online gambling but it may give you some point of reference.

From my own perspective I can tell that I always bet on dice games with odds lower than 50/50. With promotion money (or faucet) I go for max multiplier.
Huge win, isn't it obvious? Happiness, equal to the amount won and a little more betting, just to equalize the balance(even number of credits). Bigger losses get me discouraged quickly, usually I end at two consecutive losses. 
hero member
Activity: 1204
Merit: 500
July 24, 2016, 01:53:51 PM
#13
each person has a strategy and the way different in gambling, but I prefer gambling with this type of bet, somehow I am very happy in terms of predicting, it might make my brain think, like playing chess, and honestly, it was very fun and thrilling than playing dice. I used to play with the possibility of betting on the biggest and strongest team
newbie
Activity: 44
Merit: 0
July 24, 2016, 01:45:41 PM
#12
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)

Try to bet.. Its all about luck.. Opened this thread for asking lame questions then close your thread. My eyes burn out when I see such kind of threads started.
hero member
Activity: 1246
Merit: 534
July 24, 2016, 01:27:41 PM
#11
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)
The most  and always response of players when he losses, is to bet high to get his loss + a profit, its like a natural instinct on gamblers that make them loose more.
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