Pages:
Author

Topic: Losing whenever you're Gaining? - page 3. (Read 1916 times)

hero member
Activity: 812
Merit: 1000
February 27, 2016, 11:29:14 PM
#18
Sooner or later everyone ends up losing, therefore it is suggested to get out whilst you're ahead. Don't try to win all in one day, money control is essential part of gambling.
hero member
Activity: 868
Merit: 1001
February 27, 2016, 10:51:18 PM
#17
Lets think logically. Surely people dont build a casino to make other people become rich right? Well if you dont want to lose, you should learn how to stop gambling in right time, and play again if you see the chance.

Good idea Man but sometimes I was hooked when winning making it difficult to bring profits go too quick to think that I've found a way to win whereas in the end I lost bitcoin  Cheesy I'm sure you also feel the same  Cheesy
sr. member
Activity: 266
Merit: 250
Invulner
February 27, 2016, 10:33:23 PM
#16
It's probably just a coincidence. Provably fair casinos are supposedly, well, fair.
hero member
Activity: 756
Merit: 500
February 27, 2016, 10:19:46 PM
#15
I think that was a mistake on the strategy used. Our site gambling had been a fair game system won't be doing the cheating in the gameplay, because they prefer the trust than a scam. The strategy you mentioned that are already widely used by professional gamblers, it's just time/atmosphere that will use less proper to do the strategy. Because the strategy has a level of complexity that is high enough to grab the victory. I've been several times using these strategies and I dapatkaan alot more defeats than victories.
legendary
Activity: 2982
Merit: 1506
Pie Baking Contest: https://tinyurl.com/2s3z6dee
February 27, 2016, 10:19:01 PM
#14
Lets think logically. Surely people dont build a casino to make other people become rich right? Well if you dont want to lose, you should learn how to stop gambling in right time, and play again if you see the chance.
copper member
Activity: 2562
Merit: 2510
Spear the bees
February 27, 2016, 10:16:00 PM
#13
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??
As you play for an elongated time, you run a higher risk of ruin. Alright, now to understand, you need to think about the amount of TIMES that you choose to bet. If you continue to bet over and over again, there's a high chance that the house edge will catch up to you, and you'll hit a losing streak and then go bankrupt. That's kind of why the martingale system is guaranteed to fail statistically. Obviously, over a short period of time, you have a lower chance of losing everything, but realize that eventually your luck will dry out and you'll lose.

The % win rate does not matter. If you have a 90% chance of winning, you could STILL statistically lose 30 times in a row. It's unlikely, but the more you bet, the more OVERALL chance you have of getting a losing streak.
sr. member
Activity: 420
Merit: 250
February 27, 2016, 09:38:00 PM
#12
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's only happen on gambling sites who have provably fair like dice, even you bet on 98% chance to win, you can get lose fast. that's why i never bet on dice sites.
klf
legendary
Activity: 1344
Merit: 1000
February 27, 2016, 09:28:08 PM
#11
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??

which site you have used ? If the site have provably fair, don't have option to manipulate result, personally i have lost 4 consecutive bet to 97% possibility of win  Grin

I played in PrimeDice  win change 85% I have 6 red line, initially runs smoothly up to 48 hours from 25k sat to 300k win sat but I ended up losing
nobody is really safe in gambling



Due to house edge no one knows when the continuous losing streak will hit us so whenever you make some profits try to withdraw your investments first and continue playing with your profits. In that case you may not lose your money and in dice game play longer time is not good. So after winning some money try to go out and come back next day instead playing until you lose all your money.
legendary
Activity: 1526
Merit: 1000
February 27, 2016, 09:02:15 PM
#10
true randomness has not memory to worry about historic results BUT

after a long winning or losing session you will end getting an opposite streak
because fair distrubution will eventually turn by true random nature.

scams may exist but long sessions on fair random games can result like this
posible to happen good or bad will turn to almost always if session is long enough

*a little edit*
dice game is very fast in most sites so the chances of really rare things (in a row wins/losses)
is almost certain if you play for hours to see them all very fast /
slow games like real life roulette you may see the same but 10k spins is like 24/7 for some months
compare it with a 10k dice spins you may do in couple of hours and you will get the meaning.

i hope my post helps a bit.

Your post does not help because it is completely wrong.

It doesn't get back to a fair distribution by definitely having an opposite streak to get back to normal, it gets back to "fair" over time by doing more and more trials that happen at the correct frequency.

As to the OP. You are going to lose when you make bets with a negative expected value. Period.

On most dice sites you expect to lose 1% of every bet you make, if you keep betting, eventually you will lose it all, because that's what happens when you don't walk away with profits if you get them.
member
Activity: 98
Merit: 10
★YoBit.Net★ 350+ Coins Exchange & Dice
February 27, 2016, 07:13:29 PM
#9
I always bet big early and run as soon as I won some.

It seems those sites always rope you in and then you go on a crazy losing streak

Its hard to reign yourself in when you have been winning for a bit. Find I can quickly go negative if I chase to much and find it hard to follow what I just stated. Works on the brain but I do see a full page of loses suddenly that seem to make the house all the money back.
sr. member
Activity: 358
Merit: 254
void
February 27, 2016, 07:07:25 PM
#8
true randomness has not memory to worry about historic results BUT

after a long winning or losing session you will end getting an opposite streak
because fair distrubution will eventually turn by true random nature.

scams may exist but long sessions on fair random games can result like this
posible to happen good or bad will turn to almost always if session is long enough

*a little edit*
dice game is very fast in most sites so the chances of really rare things (in a row wins/losses)
is almost certain if you play for hours to see them all very fast /
slow games like real life roulette you may see the same but 10k spins is like 24/7 for some months
compare it with a 10k dice spins you may do in couple of hours and you will get the meaning.

i hope my post helps a bit.
legendary
Activity: 952
Merit: 1002
February 27, 2016, 06:52:44 PM
#7
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??

which site you have used ? If the site have provably fair, don't have option to manipulate result, personally i have lost 4 consecutive bet to 97% possibility of win  Grin

I played in PrimeDice  win change 85% I have 6 red line, initially runs smoothly up to 48 hours from 25k sat to 300k win sat but I ended up losing
nobody is really safe in gambling

sr. member
Activity: 294
Merit: 250
February 27, 2016, 06:37:26 PM
#6
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??

If the bets are provably fair, then it's definitely just a coincidence. However if there are accusations site being rigged, it might be rigged after all.
sr. member
Activity: 434
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
February 27, 2016, 06:36:39 PM
#5
I always bet big early and run as soon as I won some.

It seems those sites always rope you in and then you go on a crazy losing streak
legendary
Activity: 2156
Merit: 1082
February 27, 2016, 03:48:14 PM
#4
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??

which site you have used ? If the site have provably fair, don't have option to manipulate result, personally i have lost 4 consecutive bet to 97% possibility of win  Grin
hero member
Activity: 1036
Merit: 501
February 27, 2016, 02:17:22 PM
#3
They are always use the same answer provably fair. Systems where reds got collected for later stadium isn't fair in my opinion.
hero member
Activity: 1316
Merit: 546
Monday Hit Me Every week
February 27, 2016, 01:53:28 PM
#2
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??
maybe your luck at the beginning, try to start with a large bett, then if the win go run: D Cool
hero member
Activity: 1498
Merit: 547
Pugs are the best!
February 27, 2016, 01:43:16 PM
#1
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??
Pages:
Jump to: