How Gamblers Gamble? | Bitcointalksearch.org

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Quote from: bajing on July 25, 2016, 10:54:43 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, 01:08:59 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..

serjent05

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Quote from: lclclc223 on July 24, 2016, 05:45:43 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, 05:45:43 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, 12:14:39 AM

Quote from: Erza on July 24, 2016, 07:24:09 PM

Quote from: lclclc223 on July 24, 2016, 05:45:43 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

harizen

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Quote from: lclclc223 on July 24, 2016, 05:45:43 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, 05:45:43 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.

20kevin20

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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.

bbc.reporter

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Quote from: lclclc223 on July 24, 2016, 05:45:43 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)

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.

naidray

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Quote from: lclclc223 on July 24, 2016, 05:45:43 AM

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.

Quote from: lclclc223 on July 24, 2016, 05:45:43 AM

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.

panjul07

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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.

iv4n

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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.

bering

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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

lclclc223

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Quote from: Erza on July 24, 2016, 07:24:09 PM

Quote from: lclclc223 on July 24, 2016, 05:45:43 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?

Javi_Anibarro

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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

Erza

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Quote from: lclclc223 on July 24, 2016, 05:45:43 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

Noctis Connor

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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.

brigadier2001

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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

olubams

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Quote from: lclclc223 on July 24, 2016, 05:45:43 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)

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...

Klima

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Quote from: Taki on July 24, 2016, 05:49:59 AM

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.

JasonXG

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Quote from: Taki on July 24, 2016, 05:49:59 AM

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.

TippingPoint

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Quote from: lclclc223 on July 24, 2016, 05:45:43 AM

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.

futurebit640

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Quote from: xuan87 on July 24, 2016, 06:02:59 AM

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.

poptok1

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Quote from: lclclc223 on July 24, 2016, 05:45:43 AM

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.

hawkins

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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

Hoopler

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Quote from: lclclc223 on July 24, 2016, 05:45:43 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)

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.

minime0105

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Quote from: lclclc223 on July 24, 2016, 05:45:43 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)

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.

smho_16

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Gamblers differ from one another because some play small amounts, some are real gamblers which put high stakes to their bets. There's no way how you can track how people gamble in slots or in roulette but you can have a look at where gamblers put their money on in soccer. I personally use the app futbol24 in my phone and I check everyday the votes to different teams. I am not saying you are going to win, as in fact you can't even doing so, but this is just to give you an idea where the money of the betters go and you see how gamblers gamble.

Rubberduckie

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well I dont have any stats to back it up but I've been gambling for over 2 decades
and can tell you for sure when people lose and keep loosing they chase and make
their bets bigger. When they should do the opposite, when your on a hot run you
should bump up your bets and when your cold you should make smaller bets.

But I definitely would be interested seeing the numbers as well.

BTCLovingDude

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Quote from: lclclc223 on July 24, 2016, 05:45:43 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)

all the users here can only speculate about your questions and give you some guesses at best which can even be so far off from the reality.

the only way of knowing this is either you have your own gambling site and analyze your site's stats or by asking a gambling site to give you some anonymous stats from their players over time so you can do some analysis of your own, but i don't think they will release this information if you don't have a good reason for it because it can be considered as an invasion of their user's privacy.

SyGambler

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guess who's back

since you are researching about games that have fixed house edge , how people gamble isn't important actually
this research would be great for poker and sportsbetting , since there are some gamblers who beat these games
but in fixed house edge , gamblers behavior or how they bet doesn't matter actually
just my opinion

bL4nkcode

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Limited in number. Limitless in potential.

People gamble in different ways and base in what they fee and what they thinkl, if they want some fun, if they want some big income and I dont think if they want some big loss. Because everyone has their own way to gamble and take the risks of it whether you lose and especially when you win.

SAMKUSH

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If you watch different users bets placed on a gambling site you can soon work out the strategy they use. The most common one I see is either martingale with 33% odds or very high odd bets with small amounts.

xuan87

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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

newcripto

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I suggest to add poll to your thread to get real time data to make better analysis. Everyone person react differently to losses and wins. Some people come out with thread by accusing the gambling site at loss other just accept the reality and keep silent. It would be nice to know by your poll if you are interested to add one.

Taki

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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.

lclclc223

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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)

Topic: How Gamblers Gamble? (Read 1200 times)