Re: Primedice | Most Popular & Trusted Bitcoin Game | Huge Community | Free BTC - page 3.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: ?? on ??

Quote from: Rannasha on November 05, 2013, 05:46:07 AM

Quote from: ?? on ??

Quote from: Rannasha on November 05, 2013, 05:31:39 AM

Quote from: ?? on ??

Quote

You misunderstood the process.
1. You send amount X to the escrow, post the tx-id here. Escrow confirms receipt.
2. I send amount X directly to you, post the tx-id here.
3. You do what you do for 48 hours.
4. You return 1.25 * X to me, post the tx-id here.
5. Escrow confirms that I received the payout and sends your collateral back to you.

You hold the entire investment worth of coins while you do the gambling. The amount deposited at the escrow is to guarantee that I receive my investment back (but no profit), if you fail to deliver.

What do you suggest as a collateral? I only really deal with Bitcoins the rest are reversible currency.

Bitcoins are fine as collateral. Since you have claimed to have won quite a few, you should have some lying around that could do the job.

How many coins would you prefer for the collateral?

The same amount as I would invest.

Then what is the point in investing at all.
I may as well just hand you 2.5BTC as I wouldn't be working with your money would I, I'd be working on my own.

Thanks, that was exactly the point I was trying to make.

lightlord

donator

Activity: 3228

Merit: 1226

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

You will receive 1.25BTC GUARANTEED there is NO doubt about it.

Quote

Because it doesn't work like that you nimrod.
You can't just go and 'spiral and spiral'....moderation is a key part of the whole strategy.
I explained this already, I make 25% of the bitcoins as I get it to 150% and send 125%.

You say its GUARANTEED, for investors to profit 125%. You also state you get to 150%, and investors get 125%.
Making a guaranteed 25% profit.

So if its all fairy tale guaranteed stuff. Then why not try it on your own funds? And get 150%, do it again, 150%, do it again 150%, do it again 150%.

Quickly you would be a very wealthy man.

What is the logic of doing it on other investor funds? Now the elaborate excuse, to get funds for a site.

So why not do it on your funds over and over and over again. until you have enough for your site?

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: ?? on ??

Quote from: Rannasha on November 05, 2013, 05:31:39 AM

Quote from: ?? on ??

Quote

You misunderstood the process.
1. You send amount X to the escrow, post the tx-id here. Escrow confirms receipt.
2. I send amount X directly to you, post the tx-id here.
3. You do what you do for 48 hours.
4. You return 1.25 * X to me, post the tx-id here.
5. Escrow confirms that I received the payout and sends your collateral back to you.

You hold the entire investment worth of coins while you do the gambling. The amount deposited at the escrow is to guarantee that I receive my investment back (but no profit), if you fail to deliver.

What do you suggest as a collateral? I only really deal with Bitcoins the rest are reversible currency.

Bitcoins are fine as collateral. Since you have claimed to have won quite a few, you should have some lying around that could do the job.

How many coins would you prefer for the collateral?

The same amount as I would invest.

lightlord

donator

Activity: 3228

Merit: 1226

★Bitvest.io★ Play Plinko or Invest!

Quote

I also have backup coins in case something out of the ordinary occurs, so you'll always receive a return!

First of all, if your method works, why don't you take your own funds, and in a never ending spiral go up, up, up, up. Until your profit earns you enough to be rich and well off.

Why offer to others, and get ppl to send funds to your personal address?

And ofc you will pay the first 3-5 people, to hook even more bigger fish out there.
Then run off. Classic scam scheme.

lightlord

donator

Activity: 3228

Merit: 1226

★Bitvest.io★ Play Plinko or Invest!

TheGambler I quite frankly would be shocked if people actually fallen for your services.

First of all if your profiting is guaranteed, why not use your back up BTC funds, in an ever ending loop
going up and up and up in profit continuously and keep it all.

What's the logic of offering such a service if you can do it with your own funds, sell your belongings, your car, what ever you have, turn that into BTC. And walla free bitcoins using your method.

Quickly if this method worked, you would be well off and rich, so there's no logic behind this service.

There is only one possible reason why you offer this service.

Because its a SCAM

There are several things that would occur to hook some fish, first actually doing a few payments,
so the first 3-5 people sending 1 BTC would actually receive 1.25 BTC. Quickly many more would
dive in, and then of course the OP runs away.

Its guaranteed, to either be a SCAM, or OP wouldn't bother listing his services, instead would be rich and wealthy, why do this? Pointless.

I nick name these schemes, "Hook the fish Scam"

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: ?? on ??

Quote

You misunderstood the process.
1. You send amount X to the escrow, post the tx-id here. Escrow confirms receipt.
2. I send amount X directly to you, post the tx-id here.
3. You do what you do for 48 hours.
4. You return 1.25 * X to me, post the tx-id here.
5. Escrow confirms that I received the payout and sends your collateral back to you.

You hold the entire investment worth of coins while you do the gambling. The amount deposited at the escrow is to guarantee that I receive my investment back (but no profit), if you fail to deliver.

What do you suggest as a collateral? I only really deal with Bitcoins the rest are reversible currency.

Bitcoins are fine as collateral. Since you have claimed to have won quite a few, you should have some lying around that could do the job.

shitaifan2013

legendary

Activity: 874

Merit: 1000

monero

Quote from: ?? on ??

Quote from: seshep on November 05, 2013, 03:57:18 AM

dear TheGambler if you cannot confirm 100% win rate then how can you 100% guarantee of my funds and return of my investment?

Quote from: jambola2 on November 05, 2013, 03:55:33 AM

Why don't you take a picture of "My Bets" on primedice on your account.
We can see your win ratio , and if it is pretty high , we can be assured that this is not a Ponzi scam.

To the both of you...
What if the method (not saying that it does) involves punt bets which mean you have to lose a lot before you win....
Then the win ratio would be attrocious.

ah, sounds like the good old martinfail Grin

Gatekeeper

sr. member

Activity: 358

Merit: 250

lol if you won all the time you wouldn't need money from other people, you could just bankrupt Prime Dice and every other gambling site out there. Such a shame that someone so young is so delusional

jambola2

legendary

Activity: 1120

Merit: 1038

Quote from: ?? on ??

Quote from: jambola2 on November 05, 2013, 04:14:02 AM

Quote from: ?? on ??

Quote from: seshep on November 05, 2013, 03:57:18 AM

dear TheGambler if you cannot confirm 100% win rate then how can you 100% guarantee of my funds and return of my investment?

Quote from: jambola2 on November 05, 2013, 03:55:33 AM

Why don't you take a picture of "My Bets" on primedice on your account.
We can see your win ratio , and if it is pretty high , we can be assured that this is not a Ponzi scam.

To the both of you...
What if the method (not saying that it does) involves punt bets which mean you have to lose a lot before you win....
Then the win ratio would be attrocious.

There are people on primedice like Mike who have over 335BTC profit and have a 0.2 win ratio...So it has nothing to do with the winnings.
I am not showing you the "my bets" as that reveals part of the secret toward what I am doing.

I guarantee 100% the return of funds and your investment. You have to understand 100% winning is a one in a billion chance.
I can see where your confusion is but you both should really understand the difference between the two statements "Win Ratio"/"Win Rate" and the guarantee of the returning of funds.

Sorry , I did not mean win ratio , but overall win.
We can see if you have been winning , or if you have been mostly losing and are just trying a ponzi scheme.
Just try to keep everything as transparent as possible , without compromising your methods.

This is again the same situation. 80% of gamblers have more losses than wins...in fact I strive on having more losses than wins.
I could have 100000 losses worth 1 satoshi, then 10 wins worth 10 bitcoins each.
Again, not saying this is the case, but I am letting you know that wins, losses, profit, win ratio and all the other crap you see on the stats has nothing to do with this investment program.

Let me explain what I want to see in simple words.

1. You give screenshot
2. I see that you have won more BTC in total than losses.
3. You are once and for all , proved to be trustworthy.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: ?? on ??

Well for one I wouldn't be interested in doing such a big amount as soon as we start.

Why not? The system should work regardless of the amount right?

Quote

Instead of using escrows which completely complicate the whole service (I'll explain how so later) I would rather do a smaller amount and build up the trust between us both instead.
Why would I rather do this?
Well, for one, an escrow completely complicates the whole service and this is why:
You send the coins to the Escrow which comes out of your pocket
I send a collateral to the escrow which comes out of my pocket
I fulfill the service with my own or others coins which will complicate other customers investments
I then am stuck when it comes to sending out other peoples investments as then I have to attend to yours
I go to look for something I can make up for via Bitcoins but cannot since I used them as a collateral for you
Then we will both be angry and confused with each other.

You misunderstood the process.
1. You send amount X to the escrow, post the tx-id here. Escrow confirms receipt.
2. I send amount X directly to you, post the tx-id here.
3. You do what you do for 48 hours.
4. You return 1.25 * X to me, post the tx-id here.
5. Escrow confirms that I received the payout and sends your collateral back to you.

You hold the entire investment worth of coins while you do the gambling. The amount deposited at the escrow is to guarantee that I receive my investment back (but no profit), if you fail to deliver.

Quote

as for this:

Quote

Expectations / expectation value is a fundamental concept in the field of statistics. Any strategy that, in the long run, is expected to return more than what was put in has a positive expectation value. This value and its associated variance can be computed using statistics. Please don't try to bullshit me with math-terminology, it won't work.

Well in the extremely rare case that has not yet occurred in my many tests, the expectations of the statistics have returned fine. And as I said if in the extremely odd occasion something goes wrong, all coins will be returned via backup sourcing.

In your many tests? So you did tests to confirm your strategy? Rather than a fundamental analysis of the probabilities involved? Also, the sentence "the expectations of the statistics have returned fine" may sound impressive, but it doesn't actually mean anything.

seshep

newbie

Activity: 48

Merit: 0

dear TheGambler , you shoud take Rannasha deal.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: ?? on ??

Yes, I understand PrimeDice have extremely low expectation for ANY gambler, but as I have said I constantly study the system and I use statistics to play the game, not expectations.

Expectations / expectation value is a fundamental concept in the field of statistics. Any strategy that, in the long run, is expected to return more than what was put in has a positive expectation value. This value and its associated variance can be computed using statistics. Please don't try to bullshit me with math-terminology, it won't work.

Quote

100% win rate? I will not guarantee a 100% win rate as that would mean I would have to win every single roll. There is not one single chance that will occur.
100% guarantee of your funds and return of your investment is what I can in fact offer you.

Okay. How about the following deal. I invest 10 btc (amount is negotiable), but we use a mutually trusted escrow agent. You transfer an amount equal to my investment to the escrow as collateral. Upon receipt by the escrow, I transfer my coins to you. You work your magic and if you return my investment + 25% within 48 hours, the escrow will return your collateral.

Deal?

seshep

newbie

Activity: 48

Merit: 0

dear TheGambler ,your topic says: Professional Gambling Service but you now said
" Seshep these questions are not answering anything for anyone regarding investments"

so it is Gambling Service or investments Service ?

seshep

newbie

Activity: 48

Merit: 0

dear TheGambler , what is the highest wins in btc per bet ?

jambola2

legendary

Activity: 1120

Merit: 1038

Quote from: ?? on ??

Quote from: seshep on November 05, 2013, 03:57:18 AM

dear TheGambler if you cannot confirm 100% win rate then how can you 100% guarantee of my funds and return of my investment?

Quote from: jambola2 on November 05, 2013, 03:55:33 AM

Why don't you take a picture of "My Bets" on primedice on your account.
We can see your win ratio , and if it is pretty high , we can be assured that this is not a Ponzi scam.

To the both of you...
What if the method (not saying that it does) involves punt bets which mean you have to lose a lot before you win....
Then the win ratio would be attrocious.

There are people on primedice like Mike who have over 335BTC profit and have a 0.2 win ratio...So it has nothing to do with the winnings.
I am not showing you the "my bets" as that reveals part of the secret toward what I am doing.

I guarantee 100% the return of funds and your investment. You have to understand 100% winning is a one in a billion chance.
I can see where your confusion is but you both should really understand the difference between the two statements "Win Ratio"/"Win Rate" and the guarantee of the returning of funds.

Sorry , I did not mean win ratio , but overall win.
We can see if you have been winning , or if you have been mostly losing and are just trying a ponzi scheme.
Just try to keep everything as transparent as possible , without compromising your methods.

seshep

newbie

Activity: 48

Merit: 0

dear TheGambler pls tell me more about your Win Ratio and Win Rate.

seshep

newbie

Activity: 48

Merit: 0

dear TheGambler if you cannot confirm 100% win rate then how can you 100% guarantee of my funds and return of my investment?

jambola2

legendary

Activity: 1120

Merit: 1038

Why don't you take a picture of "My Bets" on primedice on your account.
We can see your win ratio , and if it is pretty high , we can be assured that this is not a Ponzi scam.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: ?? on ??

Quote

So that means that you can't guarantee payouts?

Yes I can guarantee it as:
1. I have statistically proven every method I use on the site with the money that is invested into the service.
2. On the slightest of slight chance something goes wrong such as an invalid entry, I do have backup bitcoins to return the payment at its 125% just in case.

What is an "invalid entry"? Also, you claim you have statistical proof, then show it. Because I'm thoroughly convinced you have not much more than anecdotal evidence based on past result, possibly coupled with a flawed understanding of probability theory.

Quote

If you have such a foolproof system, why do you bother with managing investors instead of just boosting your own funds skyhigh?

Well this is just a kick off service. Why don't you go and ask a site like pokerbyproxy.com the same thing? Why do they take in investments instead of using their own funds to sky rocket?
I plan on making a site like this therefor this is sort of to build up a little bit of honesty to show that what I am doing is legitimate. It's sort of like a kickstart for a brighter future.

PokerByProxy failed to convince people here on Bitcointalk: https://bitcointalksearch.org/topic/poker-by-proxy-321296
Their website doesn't offer any solid evidence to back up their claims either. Finally though, poker is a game where skilled players have positive expectation value (even though variance is still high). Dice games such as PD have a strictly negative expectation value for the gambler.

Quote

You haven't actually cleared up anything though, but I invite you to do so.

I hope the answers above clear a bit up for you.
If you have any further questions, don't hesitate to ask them. The more the questions the clearer the whole thing becomes to others.

Still waiting to see proof of you having "mathematically conquered" a -EV dicegame. And you don't have to hold back big words or equations. As I said, I'm more than experienced with a little math.

OracionSeis

hero member

Activity: 756

Merit: 500

Prove your method working please.

Topic: Re: Primedice | Most Popular & Trusted Bitcoin Game | Huge Community | Free BTC - page 3. (Read 3500 times)