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Topic: Just-Dice.com : Invest in 1% House Edge Dice Game - page 116. (Read 435357 times)

legendary
Activity: 1470
Merit: 1007
You're crazy if you truly think that.


Why?
It might be true that he has maths background

If he understood math he would know he is playing a -EV game. He got lucky, but he will wipe out his luck by keeping tl gamble.

On a much smaller level, I made the same mistake that I hope nakowa will make eventually: I didn't stop playing when I was ahead.

I mean, you shouldn't play a -EV game at all, technically, but say you did and you made a profit. Now you're *still* looking at a -EV game, so the advice to not play *still* holds :P

The only difference is that, if you were lucky enough to have made the irrational, but profitable choice to play (and won), then you could actually leave the game with a profit if you leave now.

For me, that profit was +100% of my initial bet. For nakowa it was much higher, both in absolute and relative terms. In the end, I started one martingale too much, and the profit was all gone. For nakowa, because his initial winnings were much much higher, it'll take longer to be eaten away. But there's a real chance he won't stop either before it's all gone.
hero member
Activity: 728
Merit: 500
You're crazy if you truly think that.


Why?
It might be true that he has maths background

If he understood math he would know he is playing a -EV game. He got lucky, but he will wipe out his luck by keeping tl gamble.

Excuse for newbie intrusion but what is -EV game?

EV stands for Expectation Value. -EV means negative expectation value.
member
Activity: 195
Merit: 10
You're crazy if you truly think that.


Why?
It might be true that he has maths background

If he had a math background, he would know the odds are stacks against him. There is no possible "system" that can change that.
member
Activity: 84
Merit: 10
You're crazy if you truly think that.


Why?
It might be true that he has maths background

If he understood math he would know he is playing a -EV game. He got lucky, but he will wipe out his luck by keeping tl gamble.

Excuse for newbie intrusion but what is -EV game?
sr. member
Activity: 350
Merit: 250
Did you bet 14 times on the same Hi or same Lo?

Does it matter? Lol.
member
Activity: 84
Merit: 10
I just made a video about double up your bitcoins at Just-Dice after watching berathea Smiley
http://www.youtube.com/watch?v=1MueV2KB0yA

What do you think of it?


It is just a martingale right?
But it could destroy your account.


I lost 14 bets in a row today Sad

Did you bet 14 times on the same Hi or same Lo?
sr. member
Activity: 350
Merit: 250
If he understood math he would know he is playing a -EV game. He got lucky, but he will wipe out his luck by keeping tl gamble.


If you got 1 000 euros, even playing an EV- game, you got almost 100% to make profit and end up with 1 001 euros.
legendary
Activity: 1148
Merit: 1018
You're crazy if you truly think that.


Why?
It might be true that he has maths background

If he understood math he would know he is playing a -EV game. He got lucky, but he will wipe out his luck by keeping tl gamble.
legendary
Activity: 1148
Merit: 1018
Nakowa is currently on a winning streak.

Nice show, definitely positive exposure for the Casino.

Not anymore. House profit up to 1400, but wildly swinging up and down.

Glad to see we didn't chase our very own Moby Dick away Cheesy

(wait... that analogy isn't exactly what we want.)

Nice analogy Smiley

Nakowa changed his "strategy", biggest bet today is 132BTC, which mean that regardless of half or full Kelly he is going nowhere near max profit. This is leading him to make more bets, which is obviously better for the house.
sr. member
Activity: 350
Merit: 250
You're crazy if you truly think that.


Why?
It might be true that he has maths background
member
Activity: 195
Merit: 10
So Nakowa is playing again at JD? Didn't he say he would quit to play there?

I think the word you're looking for is "compulsive gambler".

IMHO he is not a ...........CG , he knows what he is doing

You're crazy if you truly think that.
sr. member
Activity: 350
Merit: 250
Luckily he won at the beginning and will probably never broke.
elm
legendary
Activity: 1050
Merit: 1000
So Nakowa is playing again at JD? Didn't he say he would quit to play there?

I think the word you're looking for is "compulsive gambler".

IMHO he is not a ...........CG , he knows what he is doing
legendary
Activity: 1470
Merit: 1007
So Nakowa is playing again at JD? Didn't he say he would quit to play there?

I think the word you're looking for is "compulsive gambler".
hero member
Activity: 700
Merit: 500
So Nakowa is playing again at JD? Didn't he say he would quit to play there?
legendary
Activity: 1470
Merit: 1007
Nakowa is currently on a winning streak.

Nice show, definitely positive exposure for the Casino.

Not anymore. House profit up to 1400, but wildly swinging up and down.

Glad to see we didn't chase our very own Moby Dick away :D

(wait... that analogy isn't exactly what we want.)
sr. member
Activity: 350
Merit: 250
I just made a video about double up your bitcoins at Just-Dice after watching berathea Smiley
http://www.youtube.com/watch?v=1MueV2KB0yA

What do you think of it?


It is just a martingale right?
But it could destroy your account.


I lost 14 bets in a row today Sad
member
Activity: 84
Merit: 10
I just made a video about double up your bitcoins at Just-Dice after watching berathea Smiley
http://www.shortingbitcoins.com/how-i-doubled-my-bitcoins-on-just-dice-com-betting/

What do you think of it?

strong spam is strong

Well I just change it to the youtube link then: http://www.youtube.com/watch?v=1MueV2KB0yA
member
Activity: 76
Merit: 10
Enemy of the State
I just made a video about double up your bitcoins at Just-Dice after watching berathea Smiley
http://www.shortingbitcoins.com/how-i-doubled-my-bitcoins-on-just-dice-com-betting/

What do you think of it?

strong spam is strong
member
Activity: 84
Merit: 10
I just made a video about double up your bitcoins at Just-Dice after watching berathea Smiley
http://www.youtube.com/watch?v=1MueV2KB0yA

What do you think of it?
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