Losing whenever you're Gaining? | Bitcointalksearch.org

phreaky

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Quote from: phibay on March 05, 2016, 01:50:27 PM

Quote from: Jemzx00 on February 27, 2016, 12:43:16 PM

We always start betting at small amount of bitcoin and suddenly make it grow but whenever we reach such amount we always lose alot even when you change your winning chance to 90% or 95% you will get 5 losing streak. Is this just coincidence or just sites have those kind of stuff that make it happen??

damn! that's too unfortunate of you getting 5 losing streaks in 90-95% chance of winning. i bet you lost a lot on that streak. anyways i think its just a coincidence and you are just being extremely unlucky, i feel sorry for you. i guess i am fortunate enough to not experience such tragedy Grin

Well it's the nature of the game. The moment you gamble you know you win or lose. Even with small bets.
Next time try to stop earlier this way you can look back with a smile Wink

phibay

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Quote from: Jemzx00 on February 27, 2016, 12:43:16 PM

We always start betting at small amount of bitcoin and suddenly make it grow but whenever we reach such amount we always lose alot even when you change your winning chance to 90% or 95% you will get 5 losing streak. Is this just coincidence or just sites have those kind of stuff that make it happen??

damn! that's too unfortunate of you getting 5 losing streaks in 90-95% chance of winning. i bet you lost a lot on that streak. anyways i think its just a coincidence and you are just being extremely unlucky, i feel sorry for you. i guess i am fortunate enough to not experience such tragedy Grin

wearepoor

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Quote from: Jemzx00 on February 27, 2016, 12:43:16 PM

We always start betting at small amount of bitcoin and suddenly make it grow but whenever we reach such amount we always lose alot even when you change your winning chance to 90% or 95% you will get 5 losing streak. Is this just coincidence or just sites have those kind of stuff that make it happen??

It depends on your approach towards playing as well. If you are playing non stop -continuously then at the end you will loose the money, you should know when to make exit - when to stop playing.

futurebit640

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I never felt like this because i use to bet only small amounts so we cant judge which bet we will win so its depend on our luck if i won the bet means i usely start to bet another there i will loose my bet but i did't count till today how much i gained and how much i loose my expectation is i loose money here i am not in profit but i will do betting for my fun that's it so the word you said loosing whenever you gaining is this TRUE.

Jemzx00

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Quote from: michnelli6 on February 29, 2016, 11:20:56 AM

I dont fall in that trap, because whenever I see that I have got to a certain amount, I cahout them all and get saved. Otherwise if I keep playing I would loose all.

Woah looks like you're senses are good cause sometimes when i got the certain amount that i think is high from where i started betting i usually sense it too but mostly i always fell for trap whenever i bet max at a high winning rate but then ended up being broke Sad

neonshium

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Quote from: barbara44 on February 29, 2016, 04:48:57 AM

Quote from: Pursuer on February 28, 2016, 05:14:25 AM

that is just what gambling is like. you sometimes win and sometimes lose.

you have to remember that there is never any guarantee that you can win your next bet. doesn't matter if you set the win chance to 1% or 99% there is always the chance of losing. in other words since there is never 0 chance of losing, you will have a red roll. so the only thing left to do is not plan on these things and especially on martingale, just stop using that method and bet for fun while testing your luck

That's so true. I mostly bet on 98% odds and have a confidence I will win this time but I've many a times ended up losing. While when I bet on 30-40% odds, I end up winning. It's just the algorithm used by a site that decides the result and no website knows what we'll bet and decide the outcome.

Yes it happens with me also, I was winning some 7 bets with 90% chance and suddenly I start getting reds, well what else, I could not survive the red attack and surrendered Tongue

. But anyways it was fun to play with 90%.

newcoins1978

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Quote from: sallymeeh27 on March 01, 2016, 05:57:08 AM

Losing whenever you're gaining would mean gambling for me. This is for every game you play, you may encounter the part where you are happy for winning but then not all luck does last after that you wont even realize when you became addicted and started losing you have nothing left. Play smart and as per them just for fun..

Yes it is you are right but it also that if you get addicted you will most likely lose a lot at the end of the journey because you indeed will not realize what is happening you just want to gamble with your money.

I think what you are saying is a good point because you just have to play for fun not for profit.

sallymeeh27

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Losing whenever you're gaining would mean gambling for me. This is for every game you play, you may encounter the part where you are happy for winning but then not all luck does last after that you wont even realize when you became addicted and started losing you have nothing left. Play smart and as per them just for fun..

edmundduke

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Quote from: Jemzx00 on February 27, 2016, 12:43:16 PM

We always start betting at small amount of bitcoin and suddenly make it grow but whenever we reach such amount we always lose alot even when you change your winning chance to 90% or 95% you will get 5 losing streak. Is this just coincidence or just sites have those kind of stuff that make it happen??

Well depends on what site you play on but as long as the site is provably fair you can be almost sure that you are not being scammed. The thing is that in order to reach those "big" amounts you first play and the longer you play the bigger the chance that the house edge will catch up to you. The big amounts also seem more unfair because most players are used to playing small amounts and the few big ones they make are the ones they remember. Having 5 losses in a row on 90% when playing with a few satoshis does not feel the same than doing it with a few btc.

praprata

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Quote from: amacar2 on February 29, 2016, 06:05:21 AM

Quote from: Jemzx00 on February 27, 2016, 12:43:16 PM

We always start betting at small amount of bitcoin and suddenly make it grow but whenever we reach such amount we always lose alot even when you change your winning chance to 90% or 95% you will get 5 losing streak. Is this just coincidence or just sites have those kind of stuff that make it happen??

It is not usual case for me. I think you are playing in gambling site which is riged rather than being fair. I suggest you to try blockchain based games which have proof for every roll.

You lose always more money than you win money. And that is very bad of gambling. But you must realize that gambling is very bad.
I hope later that more people will realize that gambling is very bad to do. So please dont gamble that much.

barbara44

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I haven't seen this happening in my case. I bet mostly on sports and it totally depends on which team I have bet on and not only the gambling website. Even with other games like poker and dice, it's again luck based games and we always have a chance of winning whether or not the probability is high/low.

Mist

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:)

Bankroll management is always key.

Anyways this is just simple gamblers fallacy, nothing rigged about it.

michnelli6

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I dont fall in that trap, because whenever I see that I have got to a certain amount, I cahout them all and get saved. Otherwise if I keep playing I would loose all.

Snail2

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As many people said before, if the site "provably fair" then they do not have the ability to manipulate the outcomes of a roll. So I'd say it's all about being lucky... or not

.

amacar2

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Quote from: Jemzx00 on February 27, 2016, 12:43:16 PM

We always start betting at small amount of bitcoin and suddenly make it grow but whenever we reach such amount we always lose alot even when you change your winning chance to 90% or 95% you will get 5 losing streak. Is this just coincidence or just sites have those kind of stuff that make it happen??

It is not usual case for me. I think you are playing in gambling site which is riged rather than being fair. I suggest you to try blockchain based games which have proof for every roll.

barbara44

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Quote from: Pursuer on February 28, 2016, 05:14:25 AM

that is just what gambling is like. you sometimes win and sometimes lose.

you have to remember that there is never any guarantee that you can win your next bet. doesn't matter if you set the win chance to 1% or 99% there is always the chance of losing. in other words since there is never 0 chance of losing, you will have a red roll. so the only thing left to do is not plan on these things and especially on martingale, just stop using that method and bet for fun while testing your luck

That's so true. I mostly bet on 98% odds and have a confidence I will win this time but I've many a times ended up losing. While when I bet on 30-40% odds, I end up winning. It's just the algorithm used by a site that decides the result and no website knows what we'll bet and decide the outcome.

BitMaxz

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As my experience i never win in dice game and some card games in any gambling sites im always started to small amount before i move to big bets..
Sometimes i got 5x maximum winning but still losing it because i'm not satisfied with my winning amount..we are greedy and we are not satisfied even you won big amount so it turns to lose..i also experience that even i change the winning chance in to 90% or more i can still get 5 streak or more lose..
We can't control it gambling is gambling and house is always win we cannot change it..

fullypak

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Quote from: Superhitech on February 29, 2016, 12:04:53 AM

Quote from: Jemzx00 on February 27, 2016, 12:43:16 PM

We always start betting at small amount of bitcoin and suddenly make it grow but whenever we reach such amount we always lose alot even when you change your winning chance to 90% or 95% you will get 5 losing streak. Is this just coincidence or just sites have those kind of stuff that make it happen??

I think it isn't a coincidence, it's just our minds. As the stakes get higher, we become more nervous and a loss will affect us harder. Also, most casinos have something called a house edge, which means you will eventually lose in the long run.

Yes, true. Because of house edge, if anyone play dice game for longer than mostly they will end up losing all there money. Total win and loss may be same but you will get more continuous loses than wins and that's why at the end most of the people will lose money in dice game.

Superhitech

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Quote from: Jemzx00 on February 27, 2016, 12:43:16 PM

We always start betting at small amount of bitcoin and suddenly make it grow but whenever we reach such amount we always lose alot even when you change your winning chance to 90% or 95% you will get 5 losing streak. Is this just coincidence or just sites have those kind of stuff that make it happen??

I think it isn't a coincidence, it's just our minds. As the stakes get higher, we become more nervous and a loss will affect us harder. Also, most casinos have something called a house edge, which means you will eventually lose in the long run.

bering

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i had been lose 6 times in a row during playing dice and i think it is not a coincidence and might be those sites who makes such that because some owners of gambling sites would not willingly if any players could win a lot especially if someone else win with many times

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