How Profitable are Gambling Bots? - page 12.

martina14

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Quote from: Davidvictorson on June 06, 2022, 02:31:24 PM

Just as there are crypto trading bots, there are also gambling bots. According to Wikipedia, Gambling bots are software which use a gambling website's Application programming interface (API) to speed up the process of placing bets based upon a gambling system or betting strategy to decide which bets to place. In short, they are AI powered bots that do the betting for you. Aside form the risk of having your casino account closed, these bots are not ideal for all types of games. There are several reasons people give for using bots. From making betting easier, being able to use multiple bots at once, to being highly able to accurate predictions about a game’s outcome that could in turn increase the individual's chances of wining.

Have you ever tried to use the autobet on some gambling websites or have you successfully used third-party bot scripts for betting on sites where it is allowed? Did the bots win?

Honestly, I've used auto bet during the time I played in the gambling games. In the beginning it was good and fun because, I won in the betting most of the time, I experienced that in a couple of 3 days, and I got big profit already and didn't stop betting until 4 days I encountered lose in the betting game and it happened repeatedly until I saw I don't have a coins assets in my balance. So, I think for me gambling bots or auto bet is not helpful to every gambling players.

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Not much. If you have a huge bankroll and the bot plays for cents, there is a possibility that the bot can make a profit before it goes bust in the long run. If gambling bots are very profitable and make people a lot of money, almost everyone will be using it, or casinos will ban the use of bots and scripts because it hurts their funds.

So a short answer: most of the time, no. Gambling is, at the end of the day, still a game of luck and chance, which the bot clearly has no control into.

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Quote from: traderethereum on June 07, 2022, 11:17:05 PM

Quote from: nullama on June 07, 2022, 08:25:01 PM

My guess is that in the long term they're not very profitable, unless you're the one selling them

It might be true that in certain specific conditions you might end up ahead, but those are rare.

The garden variety trading bot will probably lose money in the long term.

I think the use of bots will depend on how long you can profit and if you are no longer profitable, you don't need to use them again.
I'm afraid of using bots if the bot goes beyond what we have set and even causes harm to us.
But sometimes, bots cannot make us enjoy gambling games because the playing process takes place automatically.
But we can't prohibit people who still use bots to gamble.

I agree with you, using bots is tantamount to us not being able to enjoy the pure game and like having no skill or effort to win and it's not for fun but greed and shows a less qualified gambler.
after all, successful betting bots cannot be released to the public, and you will always run the risk of your bot stopping to make a profit, although there are methods that can help the bot update itself with new information.

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Quote from: Davidvictorson on June 06, 2022, 02:31:24 PM

Have you ever tried to use the autobet on some gambling websites or have you successfully used third-party bot scripts for betting on sites where it is allowed? Did the bots win?

I don't intend to use a third-party bot script, I don't know I am paranoid when it comes to running a third-party bot script. I feel like it isn't safe, and I think that the possibility of a backdoor virus is always there. Instead, I am happy using the casino site's auto bet. Based on my experience, profitability on auto bets or gambling bots doesn't last long. We need a specific amount of time to run the auto bet else we will see the house edge kicking and have a long series of red streaks. Though the stop-loss option may save us from depleting the fund fast, the cycle of resets interval will become smaller thus making the auto-bet not profitable at all.

Quote from: TopTort777 on June 08, 2022, 02:39:56 AM

Quote from: hahay on June 07, 2022, 10:32:02 AM

I've used autobet but it's better if we use autobet we have to keep monitoring it because if we don't, then in the end we will get a losing result.

Correct, monitoring is a must. All these automated actions are dangerous. I remember playing dice with autobet. Game page has showed warning about started maintenance, autobet kept placing bets, but every time I've lost - I've lost balance, and when I won, nothing was added to my balance. Due that, I have "successfully" lost 1/4 of my balance. I was lucky I have noticed that nothing getting added to my balance when I win, because if I would have just left my PC for a while, I would have ended with 0.00 balance.

True that, even though there are options like resetting or stopping when a certain amount of win or loss is achieved, nothing beats active monitoring when it comes to achieving a possible target outcome.

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Quote from: hahay on June 07, 2022, 10:32:02 AM

I've used autobet but it's better if we use autobet we have to keep monitoring it because if we don't, then in the end we will get a losing result.

Correct, monitoring is a must. All these automated actions are dangerous. I remember playing dice with autobet. Game page has showed warning about started maintenance, autobet kept placing bets, but every time I've lost - I've lost balance, and when I won, nothing was added to my balance. Due that, I have "successfully" lost 1/4 of my balance. I was lucky I have noticed that nothing getting added to my balance when I win, because if I would have just left my PC for a while, I would have ended with 0.00 balance.

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Quote from: nullama on June 07, 2022, 08:25:01 PM

My guess is that in the long term they're not very profitable, unless you're the one selling them

It might be true that in certain specific conditions you might end up ahead, but those are rare.

The garden variety trading bot will probably lose money in the long term.

I think the use of bots will depend on how long you can profit and if you are no longer profitable, you don't need to use them again.
I'm afraid of using bots if the bot goes beyond what we have set and even causes harm to us.
But sometimes, bots cannot make us enjoy gambling games because the playing process takes place automatically.
But we can't prohibit people who still use bots to gamble.

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Quote from: Davidvictorson on June 06, 2022, 02:31:24 PM

Have you ever tried to use the autobet on some gambling websites or have you successfully used third-party bot scripts for betting on sites where it is allowed?

No , I never tried any autobet on any gambling and also I think will never use it. Using bot for gamble shouldn't be a wise idea.
Gambling depending on luck It doesn't matter if you use autobot or not.

Quote

Did the bots win?

Well ,bot could be reduced you play time but I also think it could help you for winning. It will only make you participate in the bet.

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As a result of the three pages of thread, I see that gambling bots are as profitable as gambling itself, i.e. they are not profitable or are EV-.

In poker I remember some time ago to have met bots that if they play against fish, they will have an advantage but they were quite simple and it was easy to find the leaks. I guess that nowadays they have improved but where I play there are no bots that I know of because they have a strict policy against bots and they act to prevent them from playing in the room.

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Quote from: bakasabo on June 07, 2022, 05:41:07 AM

I am not very familiar with gambling bots, but they are not different from trading bots, trading signals and other things that promise automated process of becoming rich. Everyone knows that free cheese is only in mouse trap, yet people still ask silly questions and try to get rich by doing little or nothing. In my opinion, gambling bots will work until you hit internet lag or you gambling account gets banned. Webpage admin often monitor for automated actions and apply measures to stop it, also, arent such bots prohibited by ToS ?

I don't know why anyone would want to use the bot for gambling, it may be possible for trading but the iteration of the casino would be hard to get it right except that the casino model is so poor, and no Casno will be so foolish to make it easy for players all the time except if they planned to go bankrupt. If Gambling bots are too profitable as advertised by most of the experts and developers, they wouldn't want to let others know the secret to win the house, they would want to win it all by themselves, once a recipe is too delicious, you would want to keep it with the family generation.

nullama

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My guess is that in the long term they're not very profitable, unless you're the one selling them

It might be true that in certain specific conditions you might end up ahead, but those are rare.

The garden variety trading bot will probably lose money in the long term.

Slow death

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I don't use these bots but I doubt they are profitable in the long run, I say this because looking at the casino games, looking at the history of how many people are losing money in the casinos and looking at the TOS of the casinos I see that bots are not profitable, if they were profitable everyone would be using some bots and even the owner of the non would sell the bot so that he would not disclose his strategy. The fact is that in this world of gambling there is no magic formula to make a profit, almost everyone is losing money. People need to conform and play for fun, without creating too many expectations. in my case I just do sports bets that's why using bot is useless. but even if i were playing these casino games i would not use bot, the bot was programmed by someone unknown and i prefer to rely on myself

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Quote from: goinmerry on June 07, 2022, 06:03:57 PM

During my newbie days, there are lots of bots scripts that were being shared here and the one I got is on freebitco.in hi-lo game. I'm able to get a copy of it but never tried it for an obvious reason. I didn't even remember how I get that. Obviously, it might be a script that can bring irregularities to our respective devices that's why I never tried to execute it.
~snip

Same to you, when I was also a first-timer exploring the crypto gambling industry, I remember that I receive an email containing commands which you can manually configure on the auto-bet setting on Bitsler, it was the time at its peak and when I inquire on the offers out of curiosity. I also tried and tested it on various dice betting sites.

In Wolf.bet, they also have this feature that you can select a martingale strategy that you can choose from and try your luck.

Using auto-betting is no guarantee of winnings. How much bankroll you have, you will always end up losing in the long run.

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Quote from: Davidvictorson on June 06, 2022, 02:31:24 PM

Have you ever tried to use the autobet on some gambling websites or have you successfully used third-party bot scripts for betting on sites where it is allowed? Did the bots win?

I tried one but I can't remember on what site I used it. Actually, nothing really special there. It's just that we won't see a usual simple command there like in auto betting. The result is just the same because, in the end, we are facing the provably fair of the site.

Bot script owners or sharers claim that it's profitable for their marketing purposes. That's the only reason.

If bots are effective and proven to increase the chance of our winning, we should still see lots of it today but all are now faded away.

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Quote from: Davidvictorson on June 06, 2022, 02:31:24 PM

Have you ever tried to use the autobet on some gambling websites or have you successfully used third-party bot scripts for betting on sites where it is allowed? Did the bots win?

During my newbie days, there are lots of bots scripts that were being shared here and the one I got is on freebitco.in hi-lo game. I'm able to get a copy of it but never tried it for an obvious reason. I didn't even remember how I get that. Obviously, it might be a script that can bring irregularities to our respective devices that's why I never tried to execute it.

I think scripts are allowed as long as of course, it's just for the auto-betting feature with advanced settings. But with today's casino, I think almost all sites now have an auto-bet feature with advanced settings that scripts is not necessary nowadays.

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Quote from: virasisog on June 07, 2022, 10:34:37 AM

Quote

Have you ever tried to use the autobet on some gambling websites or have you successfully used third-party bot scripts for betting on sites where it is allowed? Did the bots win?

I have tried using gambling bots a lot of times when I was playing dice games but the result was the same. I always ended up losing so I decided to do manual betting. I applied my own personal strategies and so far, they worked for me. Having enough knowledge and strategies is also a must so we could enjoy gambling more. I personally prefer manual betting that auto bets.

^ Manually betting over using bots are totally different, you cant enjoy it if you are using this automated dice bot. I have tried it but I don't have enough funds to sustain it, I want to try to use an automated bet with a large money and let us see where the bot can lead our money but it seems my theory is all about losing your money. I also heard about this when you are using auto bet in dice the house edge will increase. I think dice bot is not profitable as we think or it could be the fastest losing our money.

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I have wagered with bots, and even autobetting on the websites itself, there is no "profitability" in any bot at all because it is a casino. What part of "house always wins" people do not understand? You can use whatever you want, you can bet anyway you want, you can use any strategy you want, and in the end you are going to end up with a loss.

All you have to do right now would be to make sure that you are betting with money that you are willing to lose, and have fun. The house edge of 1% will always end up with you losing money, and that is the profit margin that the casinos have, and if you ever think that you won't, and you will profit, you will end up upset.

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For sure there are members here who have mentioned Seuntjie's Dice Bot^[1]^[2]

I remember using it as a trading bot 24/7 using a fishing script that has been quite successful multiple times and it has been really fruitful back then. It was like my lucky day and it just seem that it's going to be always successful, but then, sometimes, it just goes sideways and I lose. It's also like gambling, you will never know whether or not you can win in the day or not. It's still luck based. It could happen most of the time.

I do remember it not using an API but logging in your credentials in the bot. The best way to use it is to use your account with 2FA so even if your machine gets compromised, you still have another layer of security.

References:

[1] - https://bitcointalksearch.org/topic/seuntjies-dicebot-multi-site-multi-strategy-betting-bot-for-dice-with-charts-307425
[2] - https://bot.seuntjie.com/

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Quote from: hahay on June 07, 2022, 10:32:02 AM

I've used autobet but it's better if we use autobet we have to keep monitoring it because if we don't, then in the end we will get a losing result. This case did not only happen to me, because several of my friends told stories and experienced the same case. So, when we use autobet it doesn't mean it makes it easy for us to win, because basically gambling is a difficult game to win especially when we have high expectations. About third-party bot scripts I don't really know much about it, because even though some platforms may allow it I personally don't really like it because to use it certainly won't be free.

This also did happen to me. and I quite agree with what you said considering that in this case Autobet also has settings for certain cases which I think this will be detrimental if it is done continuously and I prefer to use manual for this because Auto bet in my opinion can lose more often than profit.

As for third-party bot scripts though, there are but I don't like things like this either because I still feel it's safer to do it myself than having to do third-party bot scripts

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Quote from: bittraffic on June 07, 2022, 08:23:40 AM

I'd like to try something different for a change. That's an instruction on how to do it as the whatibroke.com said but I'm not understanding how to use these codes actually. Looks not for the savvy techy user. Did he mean bookmark the dice website? So I did but where do I put those simple JavaScript bookmarklet codes?

It seems that you can no longer try it as Coinroll is not existing anymore since the code was only made for it unless a coder can revise it and apply it on other active crypto dice betting sites, the blog post was made in 2013.

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Quote from: Taskford on June 07, 2022, 05:50:41 AM

Bots are made to automate your bets and you are the one decide on what you are doing with that and there's no magic with those bots which can give you profit so maybe you shouldn't look up on those thinking that you can earn passive money by just buying some bots or script marketed by random people on gambling scene. If someone telling you that it can make you rich then that is a huge joke and you should avoid it because for sure he is just want to scam you.

Can't add more to what others have said but really, can't emphasise enough that bots are there to automate, just like in trading. There's no strategy that is foolproof so the best you can do is get the strategy to meet your requirements as quickly and with the least losses as possible.

I've never really had the need for bots -- once the site has autobet anyway, it meets my needs. That's generally just for wager requirements (dice anyway).

I will say the advantage of bots is your results are stored locally, so you can look and chart them out later, over a huge sample size. I don't do that but I suppose it'll help for more... passionate gamblers.

Topic: How Profitable are Gambling Bots? - page 12. (Read 1967 times)