Topic: Provably fair dice - real or bulshit ? (Read 22743 times)
A good friend of mine works for a company which develops software for casinos, also very well known ones. There is nothing "fair", algorithms are always favouring the casino, sometimes obviously (2x brings a chance of 49.5% instead of 50% eg.), sometimes not: Their software contains logic, that jackpots arent triggered as often as they stastically should for example.
What "fair" refers to, is that you when you win you actually win, and they don't tamper with the odds. Not that they have "fair odds". That's why if you bet at 2x, you have a 49.5% chance of winning, not a 50% chance. That's how they make their money.
Exactly, I think most gamblers misunderstood it to be like that, most of betting sites is provably fair but doesn’t mean they have fair odds, besides they create it to make money this will ensure that the odds is always on their side.
what do you call Fair Odds? please explain, thanks
What "fair" refers to, is that you when you win you actually win, and they don't tamper with the odds. Not that they have "fair odds". That's why if you bet at 2x, you have a 49.5% chance of winning, not a 50% chance. That's how they make their money.
For those who will search or create such threads, this is the best answer to your question. Everything is mathematically simple: Casino has better chance of win and that's why you lose, haven't you ever seen 49.5 win rate? Do you think that 0.5% means nothing? Sorry but mathematically that means a lot and when you consider gambling in long run, this especially increases your chance of lose. So play for fun and not for profit.1. Everything is over mathematical scripts, in those technical aspect what we see is provably fair.
2. House edge is the next thing, very few get to win while the statement is 1% house edge.
3. Whatever might be the fact, greed is the reason for loses unlike the script being provably fair.
4. Sites give different explanation for being provably fair, we need to decide how to spend.
What "fair" refers to, is that you when you win you actually win, and they don't tamper with the odds. Not that they have "fair odds". That's why if you bet at 2x, you have a 49.5% chance of winning, not a 50% chance. That's how they make their money.
For those who will search or create such threads, this is the best answer to your question. Everything is mathematically simple: Casino has better chance of win and that's why you lose, haven't you ever seen 49.5 win rate? Do you think that 0.5% means nothing? Sorry but mathematically that means a lot and when you consider gambling in long run, this especially increases your chance of lose. So play for fun and not for profit. 
What "fair" refers to, is that you when you win you actually win, and they don't tamper with the odds. Not that they have "fair odds". That's why if you bet at 2x, you have a 49.5% chance of winning, not a 50% chance. That's how they make their money.
Exactly, I think most gamblers misunderstood it to be like that, most of betting sites is provably fair but doesn’t mean they have fair odds, besides they create it to make money this will ensure that the odds is always on their side.
what do you call Fair Odds? please explain, thanks
What "fair" refers to, is that you when you win you actually win, and they don't tamper with the odds. Not that they have "fair odds". That's why if you bet at 2x, you have a 49.5% chance of winning, not a 50% chance. That's how they make their money.
Exactly, I think most gamblers misunderstood it to be like that, most of betting sites is provably fair but doesn’t mean they have fair odds, besides they create it to make money this will ensure that the odds is always on their side.
What "fair" refers to, is that you when you win you actually win, and they don't tamper with the odds. Not that they have "fair odds". That's why if you bet at 2x, you have a 49.5% chance of winning, not a 50% chance. That's how they make their money.
Exactly, I think most gamblers misunderstood it to be like that, most of betting sites is provably fair but doesn’t mean they have fair odds, besides they create it to make money this will ensure that the odds is always on their side.
The house always have its edge or else the site will not last or nonsense. Now, if you want to gamble with a hundred percent profit then dream. Its not that the house steal our money but thats what business means. They need some sure profit so they should have some percentage of the bets.
These provably fair dice sites are not at all fair, they have long been manipulating the system so that they can gain big profits. It is not that they have been making millions just from house edge.
Provably fair means you can verify the result, it doesn't mean there is no house edge or your winning chances increasing, the provably faie dice sites does exist, and provably fair system is a must the dice want to become big and all the players wont play if the site doesn't got the provably fair, all the reputable dice site got the provably fair system
Probably fair means there will be no temper with the original system setting such as the winning and the betting odd and the bonuses and give away, some unfair site can deactivate your account on they platform when you win big amount or even bring unwritten law the moment you have huge winning. But most popular gambling site's are very Fair with their games.
Thats not what you call a provably fair but its called legitness . If a gambling site is legit ,you will be able to withdrew what you won without any hassel but if a gambling site is scam,you wont withdrew anything that you won .
On the other hand provably fair means that a site is some kind of a hash or string ( like what other users are saying ) you can verify it within the site that you are playing with it to see if it matches or if its legit .
I am also a developer.And i can say there is no meaning in saying "Provablity fair is making me loose".
Provability fair is a system that proves the user site is fair.Before every game site gives you a hashed string(Or other variations of the main hash,it depends on the system)after the bet it gives you another string,it is the unhashed string if you hash that string with the correct algorithm it gives you the first string so it proves site is fair beacuse it actually gives you the bet result but you cant understand it cause it is hashed.
Sooo why i am loosing eventually?
Well it is the simple math lets say you have %50 chance to win the bet if you are wrong you will loose your money.But if you correct you will double it but you if you won't cashout the money your chance will drop to %25 in other bet.So you will eventually loose.the important thing is you should know where to stop,have a nice day.
Provability fair is a system that proves the user site is fair.Before every game site gives you a hashed string(Or other variations of the main hash,it depends on the system)after the bet it gives you another string,it is the unhashed string if you hash that string with the correct algorithm it gives you the first string so it proves site is fair beacuse it actually gives you the bet result but you cant understand it cause it is hashed.
Sooo why i am loosing eventually?
Well it is the simple math lets say you have %50 chance to win the bet if you are wrong you will loose your money.But if you correct you will double it but you if you won't cashout the money your chance will drop to %25 in other bet.So you will eventually loose.the important thing is you should know where to stop,have a nice day.
Pretty simple way of checking if the gambling site is having a provably fair system.
I believe that provably fair system really exists in dice sites where you can verify your seed anytime.
So it is real and not an illusion. Losing money is not an issue here, because it is a gambling game, you are really bound to lose.
And you should know when to stop losing that money.
I wonder if it's possible that some of the websites that claim provable fair arent actually provable fair or are doing something dishonest? I need to be sure what to look out for when I see provable fair on any kind of gambling website
Some of this sites are well known here and are likely reputable though..
Come to think that gambling sites wont able to reach out that reputation if they arent fair where most people believe and play.We wont able to say Some of this sites are well known here and are likely reputable though..
that they are completely or 100% fair yet there are sites which you can verify out fairness which do shows transparency that all bets or outcomes
are fair which do build out confidence as a players.
Probably fair means there will be no temper with the original system setting such as the winning and the betting odd and the bonuses and give away, some unfair site can deactivate your account on they platform when you win big amount or even bring unwritten law the moment you have huge winning. But most popular gambling site's are very Fair with their games.
I wonder if it's possible that some of the websites that claim provable fair arent actually provable fair or are doing something dishonest? I need to be sure what to look out for when I see provable fair on any kind of gambling website
Some of this sites are well known here and are likely reputable though..
Some of this sites are well known here and are likely reputable though..
By project saying really fair and so on that doesn't mean that is a scheme to steal anyone's funds but if you have a clear case with facts about project that has duped people with this scheme you can state it
dont' be too confident on Provably fair system. even wiki shows page issues for the term "provably fair"
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Provably fair is fair think all about the players in the world who are betting and some are winnings big and some are also loosing, We know gambling is risky so it's obvious that we really need 99% luck and 1% skill.
As already said the house edge is the difference from 100% -your chances to win -your chances to win.
Basically, the more you play the more your winning or more likely losses will be equal to the house edge and that's it will be their profit.
Now multiply this number for thousands of accounts, and you will get thousands of bitcoins.
Basically, the more you play the more your winning or more likely losses will be equal to the house edge and that's it will be their profit.
Now multiply this number for thousands of accounts, and you will get thousands of bitcoins.
dont' be too confident on Provably fair system. even wiki shows page issues for the term "provably fair"
This article needs additional citations for verification.
Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.ways ways ways ways ways ways
Another post: https://bitcointalksearch.org/topic/edu-provably-fair-and-how-it-can-be-exploited-by-casino-owners-against-you-283547 [EDU] Provably fair and how it can be exploited by casino owners against you.
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Another post: https://bitcointalksearch.org/topic/edu-provably-fair-and-how-it-can-be-exploited-by-casino-owners-against-you-283547 [EDU] Provably fair and how it can be exploited by casino owners against you.
I still do not understand how people think that "because I lose almost all the time, the website must be rigged". That is not how it works, that is not how any of this works. There is house edge on casinos like it is said and you can not really think that because you lose that must mean the website is corrupt.
We can calculate and actually prove that you are wrong on both parts by just checking the seed and provably fair will give you the honest answer and prove that they are not scamming you, plus they have a house edge which means on a long enough run you SHOULD be losing money, that is how the system works, why would anyone give you free money, you are actually giving the casino free money for just existing and allowing you to play. Why is this so hard to understand for some people.
These people do really exist even us who do completely understand how gambling works. Blaming is one of the common behavior of a human being when there is something wrong that they do encounter.We can calculate and actually prove that you are wrong on both parts by just checking the seed and provably fair will give you the honest answer and prove that they are not scamming you, plus they have a house edge which means on a long enough run you SHOULD be losing money, that is how the system works, why would anyone give you free money, you are actually giving the casino free money for just existing and allowing you to play. Why is this so hard to understand for some people.
When we do try to look up reputable sites as of now, you can really convinced yourself that they are showing ways to verify bets. The only thing that we cant beat up is the HE.
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