Just want to vent. | Bitcointalksearch.org

Opnsrc

hero member

Activity: 1064

Merit: 500

Quote from: bitfancier on April 27, 2015, 11:44:09 AM

Quote from: Darude Sandstorm on April 22, 2015, 05:42:00 AM

What you did is use a classic martin gale. It does seem like a foolproof strategy to win at first but the longer you keep going eventually you will hit a massive losing streek. It's just math/odds. You need to know when to quit whilst ahead but it usually never works in the long run and you will lose at some point.

Quote from: bitfancier on April 22, 2015, 04:41:35 AM

Quote from: Opnsrc on April 21, 2015, 04:29:25 PM

I have been messing around with some Dust coins across different dice games out there.

What's Dust coins?..

Just small amounts of bitcoins that you usually get from faucets etc.

thanks, I thought at first it's some new Altcoin

Yeah, just my way of saying I was using a small amount of crypto to gamble with. In this particular situation I used about $2.50 for the week of rolls.

bitfancier

newbie

Activity: 23

Merit: 0

Quote from: Darude Sandstorm on April 22, 2015, 05:42:00 AM

What you did is use a classic martin gale. It does seem like a foolproof strategy to win at first but the longer you keep going eventually you will hit a massive losing streek. It's just math/odds. You need to know when to quit whilst ahead but it usually never works in the long run and you will lose at some point.

Quote from: bitfancier on April 22, 2015, 04:41:35 AM

Quote from: Opnsrc on April 21, 2015, 04:29:25 PM

I have been messing around with some Dust coins across different dice games out there.

What's Dust coins?..

Just small amounts of bitcoins that you usually get from faucets etc.

thanks, I thought at first it's some new Altcoin

Cryptowatch.com

full member

Activity: 196

Merit: 103

As already said in this thread, you can't beat the house in the long run, so any such project to be profitable, means you have to get out while you are ahead.

There is a story of a big roller. He won shitloads of money at a Vegas Casino, so much that it really hurt the casino, but the casino was smart.

The man, content with his winnings, decided not to play roulette or any other casino games again.

The casino, determined to win their money back, knowing this man was a gambler at heart, put a limousine with a driver outside his house every friday with an open offer to fly to vegas for free and live in a luxury suite over the weekend for free. After a while, the temptation was too hard for the man to resist, so he accepted the offer, then went to Vegas, and lost everything..

There was also this man who sold everything he owned and then put everything on red on the roulette, he won.

freeyourmind

sr. member

Activity: 364

Merit: 252

Quote from: Pingu on April 22, 2015, 01:13:46 PM

Quote from: freeyourmind on April 22, 2015, 12:08:04 PM

Dude I had one time where I started my session with a losing streak that got me right to zero, but normally there are a series of winning bets that make you feel confident that you'll beat the odds lol.

You must have had a small bankroll or were betting too big. IF you start off small you'll manage lots of wins... until you don't that it is hehe.

Yeah pretty small bankroll of 100,000 satoshi and starting bet was 1000 satoshi which is relatively high...7 bets to lose it all.

The point is the probability of hitting the losing streak is low, but it's possible for the streak to be the very first series of bets.

Ghris

sr. member

Activity: 356

Merit: 250

Currently I am in the same boat, but haven't lost yet. Thanks for inspiring me to withdraw half of it Tongue

23.6 mbtc deposited and doing a 9.9% chance of winning 10x. 250 satoshi basebet. Upon losing I increase bet 10%.

Today I woke up with 75.9 mbtc. Not a bad run at all, but now will withdraw half of it or so.

kolloh

legendary

Activity: 1736

Merit: 1023

I had a bad situation the other day doing 1% on dice slowly increasing bet sizes. Eventually I busted, so I bet another time on 0 and it was a winning bet. That was frustrating lol.

nor9865

hero member

Activity: 700

Merit: 500

If you think you know me.. Think again

I had 43 losses in a row once and the 44th won me 0.3 so I guess I can't complain to much on it.

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: Lethn on April 21, 2015, 04:37:38 PM

Some people are born unlucky, this kind of thing is precisely why I rarely rely on luck, it always backfires.

My favourite one is on RPGs.

"You shoot in the face at point blank range"

"You miss"

^ Nearly every fucking time, this is one of the reasons I hate turn based RPGs.

Now I know we're dealing with money in your case but it's the same sort of thing, with money in particular you should never really on a percentage of success to generate you an income but consistency instead. Gambling is no way to make money and should be done for fun no matter what people say.

Do you believe in fate?

Pingu

member

Activity: 67

Merit: 10

Quote from: freeyourmind on April 22, 2015, 12:08:04 PM

Dude I had one time where I started my session with a losing streak that got me right to zero, but normally there are a series of winning bets that make you feel confident that you'll beat the odds lol.

You must have had a small bankroll or were betting too big. IF you start off small you'll manage lots of wins... until you don't that it is hehe.

freeyourmind

sr. member

Activity: 364

Merit: 252

Quote from: TYT on April 22, 2015, 07:02:27 AM

Quote from: freeyourmind on April 22, 2015, 12:03:31 AM

Quote from: rigel on April 21, 2015, 11:43:52 PM

21 losses in a row is quite unusual: about 1 possibility out of 2000000. But if you make millions of rolls, it becomes likely.

Bots are best way to lose everything. The only winning strategy is: make few rolls and when you are winning just stop.

Yeah, the odds are against you with using martingale long term.

The problem with martingale is that when you hit the losing streak, you lose it all. So something to consider is making periodic withdrawals, so that when you eventually lose (and you will), you will have withdrawn some funds before that time. Even then, in the long-run it's a losing strategy and you need to "beat the odds" to win.

Martingale always suckers people in because when you start it you always end up winning but peoples bankrolls are never big enough and eventually they will bust when they hit that losing run and it's always a massive shock but sometimes you just gotta learn the hardway.

Dude I had one time where I started my session with a losing streak that got me right to zero, but normally there are a series of winning bets that make you feel confident that you'll beat the odds lol.

TYT

member

Activity: 78

Merit: 10

Quote from: freeyourmind on April 22, 2015, 12:03:31 AM

Quote from: rigel on April 21, 2015, 11:43:52 PM

21 losses in a row is quite unusual: about 1 possibility out of 2000000. But if you make millions of rolls, it becomes likely.

Bots are best way to lose everything. The only winning strategy is: make few rolls and when you are winning just stop.

Yeah, the odds are against you with using martingale long term.

The problem with martingale is that when you hit the losing streak, you lose it all. So something to consider is making periodic withdrawals, so that when you eventually lose (and you will), you will have withdrawn some funds before that time. Even then, in the long-run it's a losing strategy and you need to "beat the odds" to win.

Martingale always suckers people in because when you start it you always end up winning but peoples bankrolls are never big enough and eventually they will bust when they hit that losing run and it's always a massive shock but sometimes you just gotta learn the hardway.

Darude Sandstorm

member

Activity: 63

Merit: 10

What you did is use a classic martin gale. It does seem like a foolproof strategy to win at first but the longer you keep going eventually you will hit a massive losing streek. It's just math/odds. You need to know when to quit whilst ahead but it usually never works in the long run and you will lose at some point.

Quote from: bitfancier on April 22, 2015, 04:41:35 AM

Quote from: Opnsrc on April 21, 2015, 04:29:25 PM

I have been messing around with some Dust coins across different dice games out there.

What's Dust coins?..

Just small amounts of bitcoins that you usually get from faucets etc.

bitfancier

newbie

Activity: 23

Merit: 0

Quote from: Opnsrc on April 21, 2015, 04:29:25 PM

I have been messing around with some Dust coins across different dice games out there.

What's Dust coins?..

TheButterZone

legendary

Activity: 3038

Merit: 1032

RIP Mommy

You too huh?

freeyourmind

sr. member

Activity: 364

Merit: 252

Quote from: rigel on April 21, 2015, 11:43:52 PM

21 losses in a row is quite unusual: about 1 possibility out of 2000000. But if you make millions of rolls, it becomes likely.

Bots are best way to lose everything. The only winning strategy is: make few rolls and when you are winning just stop.

Yeah, the odds are against you with using martingale long term.

The problem with martingale is that when you hit the losing streak, you lose it all. So something to consider is making periodic withdrawals, so that when you eventually lose (and you will), you will have withdrawn some funds before that time. Even then, in the long-run it's a losing strategy and you need to "beat the odds" to win.

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: rigel on April 21, 2015, 11:43:52 PM

21 losses in a row is quite unusual: about 1 possibility out of 2000000. But if you make millions of rolls, it becomes likely.

I think it's more probable that the site owner flagged the account to only lose. Can't say it doesn't happen. Undecided

rigel

legendary

Activity: 1240

Merit: 1001

Thank God I'm an atheist

21 losses in a row is quite unusual: about 1 possibility out of 2000000. But if you make millions of rolls, it becomes likely.

Bots are best way to lose everything. The only winning strategy is: make few rolls and when you are winning just stop.

Mike Christ

legendary

Activity: 1078

Merit: 1003

Common saying: house always wins. Given enough time, you'll always come out negative. My advice is to not gamble this way; if you're gonna gamble, you may as well put your money into business, at least it's not totally random then.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: Lethn on April 21, 2015, 04:37:38 PM

Some people are born unlucky, this kind of thing is precisely why I rarely rely on luck, it always backfires.

My favourite one is on RPGs.

"You shoot in the face at point blank range"

"You miss"

^ Nearly every fucking time, this is one of the reasons I hate turn based RPGs.

Now I know we're dealing with money in your case but it's the same sort of thing, with money in particular you should never really on a percentage of success to generate you an income but consistency instead. Gambling is no way to make money and should be done for fun no matter what people say.

I can confirm this. If it was raining bags of money one day I would get squashed by the bag and die. Everyone else would get rich.
This is why I don't gamble. I've never had an experience in which I could say: "Wow, I was really lucky.".
Sorry OP that you've lost. People do need to vent sometimes. I do it by turning on airplane mode and relaxing somewhere, usually nature.

Karpeles

legendary

Activity: 1162

Merit: 1000

Why don't you put in your autobet an option to spot when you get big profit Huh

Opnsrc

hero member

Activity: 1064

Merit: 500

Quote from: Lethn on April 21, 2015, 04:37:38 PM

Some people are born unlucky, this kind of thing is precisely why I rarely rely on luck, it always backfires.

My favourite one is on RPGs.

"You shoot in the face at point blank range"

"You miss"

^ Nearly every fucking time, this is one of the reasons I hate turn based RPGs.

Now I know we're dealing with money in your case but it's the same sort of thing, with money in particular you should never really on a percentage of success to generate you an income but consistency instead. Gambling is no way to make money and should be done for fun no matter what people say.

It was for fun, and if I would of lost the 0.011 early on than whatever.
But after 5 days I started to feel foolishly proud of its success, started looking at the possibility of running multiple of the auto-bet bots under the same configuration.

Anyways, what I am trying to say is that I originally had no faith in this experiment. But after nearly a week I started to build a sentimental attachment to the experiment, something that I extensively try to avoid.
So now that it went from a on fire success, to absolute failure in 5 seconds, This thing that was suppose to mean nothing has now ruined my emotional state for the rest of the day.

Gah...just got to walk away.

Lethn

legendary

Activity: 1540

Merit: 1000

Some people are born unlucky, this kind of thing is precisely why I rarely rely on luck, it always backfires.

My favourite one is on RPGs.

"You shoot in the face at point blank range"

"You miss"

^ Nearly every fucking time, this is one of the reasons I hate turn based RPGs.

Now I know we're dealing with money in your case but it's the same sort of thing, with money in particular you should never really on a percentage of success to generate you an income but consistency instead. Gambling is no way to make money and should be done for fun no matter what people say.

Opnsrc

hero member

Activity: 1064

Merit: 500

No purpose to this post, I just want to vent.

I have been messing around with some Dust coins across different dice games out there.

I found one that has a Auto-bet feature that I found interesting. I pre-loaded the account with 0.011 btc about a week ago, configured the Auto-bet feature so that it starts with a base bet of just 5 sat, If it loses than it doubles and goes again, if it wins it returns to the base bet amount and repeats.

5 Full days this bot ran, Millions and millions of rolls. It dragged itself from 0.011 btc to 0.064 btc, it already exceeded my expectations.

The bot was running 24 hours a day for the full 5 days, I checked on it a couple of times a day just to see how its doing.

Well less than a hour ago I checked on the bot... WHILE I was watching it in real time I saw physics break down, 21 loses in a row....21.
Let me show you what 21 consecutive loses looks like,

0.00000005
0.00000010
0.00000020
0.00000040
0.00000080
0.00000160
0.00000320
0.00000640
0.00001280
0.00002560
0.00005120
0.00010240
0.00020480
0.00040960
0.00081920
0.00163840
0.00327680
0.00655360
0.01310720
0.02621440
Than 1 final losing bet of about 0.0115 to bring my final balance to 0.00000000

Ohhhhhh I hate myself so much now.

Topic: Just want to vent. (Read 1071 times)