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Topic: Primedice.com | Since 2013 | Longest Running Crypto Casino | 113 BTC Jackpot! - page 1018. (Read 1989788 times)

sr. member
Activity: 462
Merit: 250
as you see it is only 40k satoshi lol

This is a good example of how Martingale can fail spectacularly. Originally, he only bet 5 satoshis - an insignificant sum. He risked 40,000 satoshis to make just 5 satoshis. Doing it once or twice is relatively risk-free. But you can't become rich by making 5 or 10 satoshis. Or even 50 satoshis for that matter. In order to make a good sum of money, you need to do this hundreds, perhaps even thousands of times.

As you make bet after bet after bet, you start to see the chains emerge. Slowly at first. Perhaps a string of three or four bad rolls. Then five... Then six... The panic escalates, until the green digits that you've been waiting for reemerge. Then it subsides. You recuperate, and start betting again.

But eventually it happens. It always happens. Yet another string of bad rolls, not too different from the last few. Six... Seven... Oh no. Perhaps this is the big one? Eight... Argh! Nine... You're down to your last roll. One last shot. Will it be green? Yes? Yes? ...No. It's red. And your whole balance is wiped away. Sad
sr. member
Activity: 274
Merit: 250
as you see it is only 40k satoshi lol
legendary
Activity: 1862
Merit: 1009
Can someone say me % chance to get this streak? Smiley my win chance was 60%





Sorry for your bad luck.

Hope your lost was not too big
hero member
Activity: 537
Merit: 524
That would be (0.4^13)*100% ~= 0.000671% so quite unlucky

But if someone tries hard enough(for example: by trying to make endless money with martingale) it will not be too unlikely to happens at least once.

Then the loss will be bigger than the total profit.

So better don't try endless money with martingale and be prepared for the worse and for unlucky too
Agreed. As a single occurence it's unlucky but you're right that if you make enough bets, for instance using the robot roll feature, then eventually it will happen and you'll bust.

EDIT: @micro Making a post at the same time saying basically the same thing  Cheesy
legendary
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
That would be (0.4^13)*100% ~= 0.000671% so quite unlucky

Problem with that calculation is that u only calculate how unlikely is that he will get that streak in just that many bets. But u don't take in account how much bets he made before that and also how much bets are made on site in total .

In 3b bets streaks like that are near 100% chance to happen even without house edge.

Its not just about his 13bets and 13 loses in that 13 bets . If u calculate it like that , yeah chance is pretty damn low . But in 100k bets 1m bets 3b bets streaks like that are inevitable .
full member
Activity: 196
Merit: 100
Honestly Stunna you need to make the site  more userfriendly. Leveling up past 20 is close to impossible now, I could accept 30-40 being very tough but I've been stuck at 20 for ages now. Please make it easier to level, it's not funny at all when it takes so long to get up.

And I have a bug to report (hopefully you can reward me for this Tongue) - when you do a u:name you see the old level, so when I do u:sickhouse it shows level 31 which I was before the revert on the chat leveling.
Have all the levels from the chat  been reverted back?
You might trying sending him a pm about this report.
legendary
Activity: 2772
Merit: 1127
That would be (0.4^13)*100% ~= 0.000671% so quite unlucky

But if someone tries hard enough(for example: by trying to make endless money with martingale) it will not be too unlikely to happens at least once.

Then the loss will be bigger than the total profit.

So better don't try endless money with martingale and be prepared for the worse and for unlucky too
full member
Activity: 411
Merit: 100
Can someone say me % chance to get this streak? Smiley my win chance was 60%




You were clearly using the martingale strategy which has a large number of pitfalls. You clearly only posted your loosing streak, however you likely had a number of other both loosing and winning streaks
hero member
Activity: 490
Merit: 500
Honestly Stunna you need to make the site  more userfriendly. Leveling up past 20 is close to impossible now, I could accept 30-40 being very tough but I've been stuck at 20 for ages now. Please make it easier to level, it's not funny at all when it takes so long to get up.

And I have a bug to report (hopefully you can reward me for this Tongue) - when you do a u:name you see the old level, so when I do u:sickhouse it shows level 31 which I was before the revert on the chat leveling.
hero member
Activity: 490
Merit: 500
Have the giveaway campaign passed? I checked the thread pretty regulary but missed a few days :/

there is a giveaway coming soon.. I wonder when will that happen hehe
Yeah,,, Stunna said it would happen a few days after new years because of people being hungover and stuff. Now its 11 days since new years, would be nice with some info.
sr. member
Activity: 294
Merit: 250
Have the giveaway campaign passed? I checked the thread pretty regulary but missed a few days :/

there is a giveaway coming soon.. I wonder when will that happen hehe
full member
Activity: 196
Merit: 100
Have the giveaway campaign passed? I checked the thread pretty regulary but missed a few days :/
Yes the 0.001BTC giveaway has ended. However there will be much bigger giveaways on pd chat by moderators.
hero member
Activity: 490
Merit: 500
Have the giveaway campaign passed? I checked the thread pretty regulary but missed a few days :/
sr. member
Activity: 546
Merit: 259
Sad to see that it was a 60satoshi bet. If it would have been > 10000sat then you would have been lucky Wink

I don't have enough btc for that yet. But this probability loves me more and more every day.
Yesterday I won x9900 8 times (all small bets).
full member
Activity: 196
Merit: 100
Not a bad day Smiley


I'm going to increase bets step by step.
 
Sad to see that it was a 60satoshi bet. If it would have been > 10000sat then you would have been lucky Wink
full member
Activity: 196
Merit: 100
Can someone say me % chance to get this streak? Smiley my win chance was 60%




Chance was 100% in the long run. This was quite a usual thing that keeps on happening to gamblers. You will understand this when you get a bit experienced.
hero member
Activity: 537
Merit: 524
That would be (0.4^13)*100% ~= 0.000671% so quite unlucky
newbie
Activity: 56
Merit: 0
Can someone say me % chance to get this streak? Smiley my win chance was 60%

https://i.imgur.com/ECnpNTE.png

full member
Activity: 411
Merit: 100
It's also pretty safe to say that we will be unveiling new games in 2015, we've made a few in the past and held off releasing them as they weren't up to our standards. We're working hard to create something custom which is as original and entertaining as PD was when it launched nearly two years ago. Within the Primedice team we are dividing up to create very tiny groups of individuals each working on their own custom game, the best game that comes out of this will likely be our next release whether stand-alone or integrated into PD.

I know it would somewhat go outside of the "dice' philosophy however I would love to see primedice open some kind of sports book. I think it would attract a new kind of customer/gambler which would expand your total potential market
legendary
Activity: 1456
Merit: 1002
any chance happy hour coming back? if not, its cool lol. I always have btc to play with, but just saying ya know..

or because people abused it too much, its not going to happen.
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