Primedice.com | Since 2013 | Longest Running Crypto Casino | 113 BTC Jackpot! - page 208.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: eldrin on July 06, 2018, 06:59:23 PM

Check out these wins by High Roller ForeverNEver!

Yes I see he is listed on the Weekly hall of fame.

However its hard to tell if his method is actually making him money. Judging by these bets he might be on a losing streak. He made his Total Profit Private unfortunately.

His Totatted wagered is over 170 BTC and he has done over 66K bets. However most of his bets are losses. So its hard to tell if he is using the same strategy or if he is changing variables from time to time.

I tried betting like this in the past. Basically put it on 99x and I got like 200 losses and then I bet like 0.01 BTC hoping that the next 100 rolls would be a winner and almost lost an entire BTC at the end but finally got a winner and was back at BE.

So these strategies don't always work, but judging by his bet size, he is probably some large whale.

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: adaseb on July 05, 2018, 04:13:56 AM

Quote from: game-protect on July 04, 2018, 03:00:12 PM

Quote from: veleten on July 03, 2018, 12:55:40 PM

Quote from: Xylber on July 02, 2018, 04:42:12 PM

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main cause of so many tears and scam accusations Grin

Sounds like they have no bankroll management to be able to make a huge number of bets and had to stop after they catched a negative variance streak. Because the more bets you make, the closer you will come to the 1% HE.

This is true for maybe a bot but humans are crazy unpredictable.

Even if a player plays for a long time and has a HE of 1%, they will most likely switch their bet values around and basically get more larger losses and less small wins.

Basically a good example is someone who is betting like 1 satoshi on 50/50 and they find that luck is on their side, and so the next bet is like 100x larger which results in a loss. So their balance is much smaller but their win/lose streak is still within the house edge.

Yes, somehow how edge is affect your bet result because you run too long bot in which all gambling games is just the same. That is why most of gambler using martingale strategy variances to outcome the result, sometime with a small bet can with some huge multiplier and it depends your luck as well whether you are going to hit or not. But overall if you played too long you will always end up badly

eldrin

full member

Activity: 644

Merit: 143

Check out these wins by High Roller ForeverNEver!

veleten

legendary

Activity: 2016

Merit: 1107

Quote from: adaseb on July 05, 2018, 04:13:56 AM

Quote from: game-protect on July 04, 2018, 03:00:12 PM

Quote from: veleten on July 03, 2018, 12:55:40 PM

Quote from: Xylber on July 02, 2018, 04:42:12 PM

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main cause of so many tears and scam accusations Grin

Sounds like they have no bankroll management to be able to make a huge number of bets and had to stop after they catched a negative variance streak. Because the more bets you make, the closer you will come to the 1% HE.

This is true for maybe a bot but humans are crazy unpredictable.

Even if a player plays for a long time and has a HE of 1%, they will most likely switch their bet values around and basically get more larger losses and less small wins.

Basically a good example is someone who is betting like 1 satoshi on 50/50 and they find that luck is on their side, and so the next bet is like 100x larger which results in a loss. So their balance is much smaller but their win/lose streak is still within the house edge.

it is amazing how people gamble without knowing the basics sometimes
when you go to a bank and deposit,you tend to read about it,read the contracts,fineprint etc.
but in gambling and politics people think that they will get lucky ,come on we can't have the same crappy politicians 5 times in a row-
the next try is going to be a winner for sure Cheesy

if all of the gamblers are educated about bank management,gambling basic strategies and do not chase losses or go full retard
IMHO,the casinos would have had much less profit,but on the other hand,the player's base would be larger
it seems like the same group of people is gambling at every single casino I'm registered

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: game-protect on July 04, 2018, 03:00:12 PM

Quote from: veleten on July 03, 2018, 12:55:40 PM

Quote from: Xylber on July 02, 2018, 04:42:12 PM

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main cause of so many tears and scam accusations Grin

Sounds like they have no bankroll management to be able to make a huge number of bets and had to stop after they catched a negative variance streak. Because the more bets you make, the closer you will come to the 1% HE.

This is true for maybe a bot but humans are crazy unpredictable.

Even if a player plays for a long time and has a HE of 1%, they will most likely switch their bet values around and basically get more larger losses and less small wins.

Basically a good example is someone who is betting like 1 satoshi on 50/50 and they find that luck is on their side, and so the next bet is like 100x larger which results in a loss. So their balance is much smaller but their win/lose streak is still within the house edge.

Xylber

full member

Activity: 614

Merit: 124

Quote from: veleten on July 03, 2018, 12:55:40 PM

Quote from: Xylber on July 02, 2018, 04:42:12 PM

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main cause of so many tears and scam accusations Grin

Exactly my thought, and being honest, I think we have all been in that situation at least once Tongue

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: veleten on July 03, 2018, 12:55:40 PM

Quote from: Xylber on July 02, 2018, 04:42:12 PM

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main cause of so many tears and scam accusations Grin

Actually remembering those newbie days when i do play dice where i do believe on those behavior where you would wait up for a certain number or lose roll and if it reach out you do bet win on the next one.
On my case i do make YOLO most of the time and lose up if im arent lucky enough but talking about the ratio of win and lose then its quite common that loss stats would stand out which isnt surprising.
Gambling could make you cry if those money you do use to play on do came from loans. Cry

game-protect

hero member

Activity: 1344

Merit: 507

Quote from: veleten on July 03, 2018, 12:55:40 PM

Quote from: Xylber on July 02, 2018, 04:42:12 PM

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main cause of so many tears and scam accusations Grin

Sounds like they have no bankroll management to be able to make a huge number of bets and had to stop after they catched a negative variance streak. Because the more bets you make, the closer you will come to the 1% HE.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: veleten on July 03, 2018, 12:55:40 PM

Quote from: Xylber on July 02, 2018, 04:42:12 PM

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main cause of so many tears and scam accusations Grin

But I am pretty sure that most people who lose on Primedice they lose the exact same way in a physical casino.

Most of the customers are usually new and don't have experience.

What do most do? They go to a casino for the first time and have no idea how to play any of the advanced games like Blackjack or Roulette so they just play slots. They don't know that slots has a crazy high house edge and they most likely put in a little bit of money and lose 100% of it. Even if they win, they will probably put it in more machines and they will end up with $0 anyways.

With dice its no different. They basically play on 50/50 and when they lose they double their bet. And they think "What are the chances of losing 10 times in a row?" and at first it works fine but after maybe a few days they run into a huge losing streaks and they end up getting completely cleaned out.

Real14Hero

hero member

Activity: 952

Merit: 576

Quote from: veleten on July 03, 2018, 12:55:40 PM

Quote from: Xylber on July 02, 2018, 04:42:12 PM

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main cause of so many tears and scam accusations Grin

Well that is the meaning of house edge.
It takes into the account of overall larger figure and gived you an estimate of the profit or loss and the profit is usually +- %15 from the mathematical house edge.

All because if whales loosing or winning in a few goes and then taking away their winning out or loosing it all immediately.

Its all a game of chance and in extreme unlucky conditions it may also occur that the house might get bankrupt.

veleten

legendary

Activity: 2016

Merit: 1107

Quote from: Xylber on July 02, 2018, 04:42:12 PM

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

if you quickly skim through the player's wagered and profit/loss,
the ones that keep it not hidden,you can see that way too many players have loss figures much bigger than the estimated HE of 1%
means that either the strategy is not optimal or the "meaningful" bets went wrong
for example: you can bet a million 1 satoshi bets at 50% chance and then place one 0.01 bet and lose it all
and too many players believe that if they just had ten reds in a row,they simply must win the next one-gambler's fallacy number one
the main cause of so many tears and scam accusations Grin

Real14Hero

hero member

Activity: 952

Merit: 576

Quote from: BTCevo on June 25, 2018, 06:03:18 AM

Quote from: Real14Hero on June 21, 2018, 07:59:47 PM

Quote from: Xylber on June 21, 2018, 09:54:39 AM

Social Media Promotion! Earn free BTC

As an ongoing promotion we will be picking the top 5 best comments during each week and rewarding those players with a free 0.001 BTC! All you have to do to be eligible is to ensure you like and comment on any official post/tweet (on Facebook, Twitter, Instagram) that you wish to be entered in. Share a big bet you made, a fun comment in the live chat, or anything you like; and if we choose it as one of the top 5 for the week, you instantly win!

Official Forum Post: https://forum.primedice.com/topic/32182-📢-social-media-promotion-earn-free-btc/

Its nice to see soo many promotions contantly popping up from administration's side.

It was PD who focused on the method of promotion from signatures and now it is pd that is brining up so many other ways to promote the site amongst a large population.

Good work keep going.

Actually big site like primedice do not even need to do this kind of promotion again since they got so many players around, especially a big whale that willing to do a big bet there. I believe primedice wants to share something around here to let players enjoy to keep on playing here without being bored and will always getting something as return. I saw the events always easy to finish. It is like free giveaways to everyone around

Its less of sharing and more of building a firm userbase that attracts further more media attention and trust amonsgt the big whales and medium whales that keep on letting PD gain profits.

PD needs a regular influx of customers as people keep coming and going so they have to do something to keep them hooked.

eldrin

full member

Activity: 644

Merit: 143

This week's challenge is up and some players have already cracked the code!
Participate and get a share in the prize pool!

Quote from: :wq on July 02, 2018, 05:05:53 AM

Crack the Code Challenge!
Ends: 09/07/18 @ Midday (12pm) GMT

A mysterious dice puzzle was handed in to us yesterday by a passing explorer who stumbled across it while seeking out the infamous Loch Ness monster. He stated that in order to crack the code and revealed the secret to what is hidden inside we must use a special combination methodology. The combination sequence is constructed by finding the corresponding puzzle pieces that fit in each sequential stage of cracking the code. After close inspection of the puzzle, we noticed that one piece was already in place, etched into it was the number 14.39! Your are required obtain 3 additional puzzle pieces of which must contain 3 existing numbers from the previously unlocked puzzle piece. All players who achieve the challenge in the next 7 days, will get a share in the prize pool! There is no limit to the amount of winners, and the more players who get involved the higher the prize pool! So if you get more players involved, then you win more!

Example successful combination: 14.39, 41.92, 24.01, 45.10

Requirements

Roll 3 additional winning bets containing 3 digits of the previous number, starting with 14.39.
Minimum bet is 100 satoshi or 1,200 ether or 10,000 litoshi.
1 valid entry per person.
Bets must have been made after the commencement of this promotion.
10+ forum post count.

Prize Pools (based on amount of unique players)

Minimum prize pool: 0.01 BTC
If over 30 participants: 0.03 BTC
If over 40 participants: 0.05 BTC
If over 50 participants: 0.08 BTC

How to Enter

Respond to this topic on our official forum: https://forum.primedice.com/topic/32290-crack-the-code-challenge/
Feel free to discuss the promotion here, but all entries need to be posted on the topic provided in the above link.

Xylber

full member

Activity: 614

Merit: 124

And I think the psychological factor and player's bankroll to stand for a bad streak is also important: a missjudgement like a gamblers fallacy can put you out of the game before you can achieve at least that 1% HE

game-protect

hero member

Activity: 1344

Merit: 507

Quote from: Betwrong on July 01, 2018, 05:01:02 AM

Quote from: adaseb on June 30, 2018, 07:46:56 PM

~
Gambling with dice is no different. There are a few $50 winners, but the sites probably makes most of their profits from the people who lose $1000-$10000.

I may be wrong of course, but I think that with over 22 billion bets made on PrimeDice we should be very close to the situation when the profit of the site is equal to the 1% house edge.

For a new site with a small amount of players it makes a big difference whether people lose or win there, but not for sites like PD. The more players on the site, or rather the more bets being made, the better rules of statistics work there. So, basically, users lose to each other and win against each other, and the site makes its profits from the house edge, that's all. CMIIW.

At Roulette it is common knowledge that after 1 million throws the variance is balanced. Means after 1 million bets the HE is assured!

Quickseller

copper member

Activity: 2996

Merit: 2374

Quote from: Betwrong on July 01, 2018, 05:01:02 AM

Quote from: adaseb on June 30, 2018, 07:46:56 PM

~
Gambling with dice is no different. There are a few $50 winners, but the sites probably makes most of their profits from the people who lose $1000-$10000.

I may be wrong of course, but I think that with over 22 billion bets made on PrimeDice we should be very close to the situation when the profit of the site is equal to the 1% house edge.

This depends on the distribution of the bet sizes. A casino in which all bets are the same will almost certainly have profited equal to the HE after 22 billion bets (or very close to that), however if the casino has a few very law bets, and many very small bets, then the casino's performance will depend on the performance of the large bets.

eldrin

full member

Activity: 644

Merit: 143

Player HashFlare took the risk with this one, but it certainly paid off!
Congratulations on your 6 BTC (40,000 USD) win, HashFlare!

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: adaseb on June 30, 2018, 07:46:56 PM

~
Gambling with dice is no different. There are a few $50 winners, but the sites probably makes most of their profits from the people who lose $1000-$10000.

I may be wrong of course, but I think that with over 22 billion bets made on PrimeDice we should be very close to the situation when the profit of the site is equal to the 1% house edge.

For a new site with a small amount of players it makes a big difference whether people lose or win there, but not for sites like PD. The more players on the site, or rather the more bets being made, the better rules of statistics work there. So, basically, users lose to each other and win against each other, and the site makes its profits from the house edge, that's all. CMIIW.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: game-protect on June 30, 2018, 08:52:28 AM

Quote from: Xylber on June 17, 2018, 05:27:22 PM

Quote from: veleten on June 17, 2018, 12:29:31 PM

to keep dice "on afloat" there exists 1% house edge,to satisfy your "capitalist math"
and this increases dramatically,since not so many gamblers are playing the best way,I have seen many having 5-10% of the total wagered lost

I agree, the biggest mistake that people make is to leave when they are losing (or betting much more than they can stand if they face a losing streak). In that way, if you are 10% down, it is supposed that, at long run, you can recover to (at least) that 1% House Edge.

Yes, in the long run you can recover to the 1% House Edge, but the question is how much more money will you lose until you reach the statistical 1% House Edge?

1) Player made 100 bets x $10 = $1000 wagered and unluckily hit a temporarily 10% House Edge = $100 loss.

2) Player continues to play as you advised attempting to reach the 1% House Edge to "recover".

Let us assume player makes another 10000 bets x $10 = $100,000 wagered and reaches the 1% House Edge = $1000 loss.

So even if the player reached the statistical 1% House Edge after 10,000 bets, he still lost $900 more compared to stop playing after he unluckily catched a 10% House Edge.

I don't think its the house edge that makes most gamblers lose money. Its more or less greed and fear.

If it wasn't for bots and API, I am sure most sites could have 0% house edge and they would even make money.

People basically martingale and get 20 losses in a row and end up losing their entire accounts, that's greed, fear and not the small 1% house edge.

People basically do the same when trading bitcoins. They buy bitcoin, wait until it goes up $50 and they take profit because they are afraid of losing money. However when the market goes against the, they keep holding on to their losses until their $50 profit ends up becoming a $500 loss.

Basically exactly the same way how everybody was panicing last week when BTC hit a new yearly low.

Gambling with dice is no different. There are a few $50 winners, but the sites probably makes most of their profits from the people who lose $1000-$10000.

Xylber

full member

Activity: 614

Merit: 124

Quote from: game-protect on June 30, 2018, 08:52:28 AM

Quote from: Xylber on June 17, 2018, 05:27:22 PM

Quote from: veleten on June 17, 2018, 12:29:31 PM

to keep dice "on afloat" there exists 1% house edge,to satisfy your "capitalist math"
and this increases dramatically,since not so many gamblers are playing the best way,I have seen many having 5-10% of the total wagered lost

I agree, the biggest mistake that people make is to leave when they are losing (or betting much more than they can stand if they face a losing streak). In that way, if you are 10% down, it is supposed that, at long run, you can recover to (at least) that 1% House Edge.

Yes, in the long run you can recover to the 1% House Edge, but the question is how much more money will you lose until you reach the statistical 1% House Edge?

1) Player made 100 bets x $10 = $1000 wagered and unluckily hit a temporarily 10% House Edge = $100 loss.

2) Player continues to play as you advised attempting to reach the 1% House Edge to "recover".

Let us assume player makes another 10000 bets x $10 = $100,000 wagered and reaches the 1% House Edge = $1000 loss.

So even if the player reached the statistical 1% House Edge after 10,000 bets, he still lost $900 more compared to stop playing after he unluckily catched a 10% House Edge.

Yes, of course. But even at -1%, it doesn't means you are going to be down for ever, you can be 10% on top in any given moment, that is the "luck" part of the game. And that is why I say it is better to keep playing when on loss, than on win.

Topic: Primedice.com | Since 2013 | Longest Running Crypto Casino | 113 BTC Jackpot! - page 208. (Read 1989310 times)