I made 100BTC with Satoshi's dice. Is this normal? - page 7.

EnergyVampire

full member

Activity: 210

Merit: 100

Quote from: UnitClick

Will do! I'm thinking of stopping when I hit 150 BTC. That'll give me enough bitcoins to buy some cool stuff from the forums and invest some for the long term. That is, if I don't lose it by then. Besides, I wouldn't want to let evorhees go hungry with my luck Grin

Let us know which one you hit first: 150 BTC or 0 BTC

We are cheering you on, UnitClick! Cheesy

Lethos

sr. member

Activity: 476

Merit: 250

Keep it Simple. Every Bit Matters.

It's best to stop when you are ahead. The house always wins.

If you do win, you've beaten the odds, so get out before it gets a chance to win it back.

cst

member

Activity: 110

Merit: 10

The Cosmos doesn't care about you.

Quote from: UnitClick on July 20, 2012, 05:01:02 PM

Maybe you're right, I'm back down to 50 BTC right now. Big bets are terrible when you lose. :'( I'm still trying though!

If you continue playing house will win in the end ;)
AFAIR my balance with SD is around +0.01 :P I just stopped when I won my last bet and got even, it was getting too addictive ;)

Anyway, good luck.

elux

legendary

Activity: 1458

Merit: 1006

Quote from: UnitClick on July 20, 2012, 05:01:02 PM

Maybe you're right, I'm back down to 50 BTC right now. Big bets are terrible when you lose. Cry

I'm still trying though!

Quote from: elux on July 20, 2012, 04:37:01 PM

Predicted outcome: Reversion to mediocrity. If sufficiently persistent: House wins by mathematical advantage.

If you can't do the math, you shouldn't play the game. If you can do the math, you wouldn't play the game. (Other than for fun, of course.)

This is a bit of a bad sign:

Quote from: UnitClick on July 20, 2012, 05:01:02 PM

Will do! I'm thinking of stopping when I hit 150 BTC.

Still, good luck!

UnitClick

newbie

Activity: 21

Merit: 0

Maybe you're right, I'm back down to 50 BTC right now. Big bets are terrible when you lose. Cry

I'm still trying though!

elux

legendary

Activity: 1458

Merit: 1006

Quote from: UnitClick on July 20, 2012, 04:41:29 PM

Quote from: elux on July 20, 2012, 04:37:01 PM

Quote from: UnitClick

Is this normal?

Well, it's 1.9% less normal than to lose 100 BTC. You should probably stop now.

If not: Be sure to post when you lose. It's not good to have gamblers speak only when they're on a winning streak.

Will do! I'm thinking of stopping when I hit 150 BTC. That'll give me enough bitcoins to buy some cool stuff from the forums and invest some for the long term. That is, if I don't lose it by then. Besides, I wouldn't want to let evorhees go hungry with my luck Grin

Predicted outcome: Reversion to mediocrity. If sufficiently persistent: House wins by mathematical advantage.

Congrats, by the way.

UnitClick

newbie

Activity: 21

Merit: 0

Quote from: elux on July 20, 2012, 04:37:01 PM

Quote from: UnitClick

Is this normal?

Well, it's 1.9% less normal than to lose 100 BTC. You should probably stop now.

If not: Be sure to post when you lose. It's not good to have gamblers speak only when they're on a winning streak.

Will do! I'm thinking of stopping when I hit 150 BTC. That'll give me enough bitcoins to buy some cool stuff from the forums and invest some for the long term. That is, if I don't lose it by then. Besides, I wouldn't want to let evorhees go hungry with my luck Grin

UnitClick

newbie

Activity: 21

Merit: 0

Woah, that's amazing. What was the bet? Or was that from one of the progressive games?

elux

legendary

Activity: 1458

Merit: 1006

Quote from: UnitClick

Is this normal?

Well, it's 1.9% less normal than to lose 100 BTC. You should probably stop now.

If not: Be sure to post when you lose.

It's not good to have gamblers speak only when they're on a winning streak.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Oh also, the best way to play SatoshiDice is using an ewallet account from Blockchain.info/wallet. Inside the wallet, click on the Send Money tab, then on the left side you'll see a SatoshiDice link. The transactions are usually processed faster through this method, and Blockchain.info made a really nice interface IMO.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

As the proprietor of SatoshiDice, I can tell you that because you won that 100btc, my family will now not be able to eat this week. So enjoy your winnings!!! Cry

Actually, someone won 900btc from SatoshiDice a few weeks ago on one bet. THAT really hurt.

People win and lose all the time on the site, but please remember that gambling should always be considered fun entertainment, never let it become an addiction. Also, for those of you who win money from the site, I encourage you to spend some portion of it in the Bitcoin economy. It helps nurture the ecosystem and Satoshi will bless you with good luck.

nimda

hero member

Activity: 784

Merit: 1000

0xFB0D8D1534241423

That strategy will eventually lose when one of these happens:
- You lose all of your money without a win
- You hit the maximum bet cap before regaining your losses

doobadoo

sr. member

Activity: 364

Merit: 250

Quote from: UnitClick on July 20, 2012, 03:14:58 PM

I bought my first 30 BTC the other day, and decided to try my hand at Satoshi's dice on the 50% slot. Kept betting 3BTC, if I lost I bet 6 BTC, and if I lost that then I bet 12BTC. If I won, I kept betting 3BTC. I believe this is called the martingale strategy. In the last 3 days and over 600 transactions, I've made over 100 BTC. I'm amazed.

This seems incredibly easy and too good to be true. What am I missing here? The coins are confirming and all is well, but I can't imagine how this site stays profitable giving away $1000+ to a user. Does everyone usually win this much?

Fucking noobs...

I've had nothing but terrible luck at SD.

CoinDiver

hero member

Activity: 778

Merit: 1002

The house should easily beat Martingale with a bet cap.

finkleshnorts

sr. member

Activity: 336

Merit: 250

I messed around with a geometric progression (the one time I chose to waste my time on dice) where i would bet
1%
2%
6%
18%
54%.

I made a lot of money, then I lost it all. It was quite addictive, because with each subsequent loss, your possible return multiplies. Great, expensive fun.

UnitClick

newbie

Activity: 21

Merit: 0

Quote from: ildubbioso on July 20, 2012, 03:35:12 PM

Quote from: UnitClick on July 20, 2012, 03:30:06 PM

If that's true, then how did I get 100BTC? I still can't get my head around that. Shocked

And how much have you spent?

I started with 30 BTC. I made it to 100 BTC without going into the red.

Murdaversa

member

Activity: 77

Merit: 10

Quote from: UnitClick on July 20, 2012, 03:30:06 PM

Quote from: Clipse on July 20, 2012, 03:28:34 PM

Martingale strategy is the process of burying yourself into one big pile of shit.

Thats the most direct way of understand what you did on satoshidice.

If that's true, then how did I get 100BTC? I still can't get my head around that. Shocked

I believe it was sheer luck, i have messed around with satoshidice from time to time and the results always varied, one time i turned 12 btc into 65btc in a matter of 200 transactions, other times i started with 10 and lost all of it in a matter of 30 transactions... i think its all luck...
can someone else explain anything different?

ildubbioso

sr. member

Activity: 389

Merit: 250

Quote from: UnitClick on July 20, 2012, 03:30:06 PM

If that's true, then how did I get 100BTC? I still can't get my head around that. Shocked

And how much have you spent?

UnitClick

newbie

Activity: 21

Merit: 0

Quote from: Clipse on July 20, 2012, 03:28:34 PM

Martingale strategy is the process of burying yourself into one big pile of shit.

Thats the most direct way of understand what you did on satoshidice.

If that's true, then how did I get 100BTC? I still can't get my head around that. Shocked

Clipse

hero member

Activity: 504

Merit: 502

Martingale strategy is the process of burying yourself into one big pile of shit.

Thats the most direct way of understand what you did on satoshidice.

Topic: I made 100BTC with Satoshi's dice. Is this normal? - page 7. (Read 15380 times)