But he left his post here anyway. That's kind of a lack of ego, which I think is awesome.
Awesome yeah, but I don't think anyone could claim Matt has a lack of ego...
Topic: satoshi dice lol (Read 7901 times)
Awesome yeah, but I don't think anyone could claim Matt has a lack of ego...
Since this seems to be the thread to post in for people who can't math, I have a question as well: Would it be possible to win eventually if you just keep tripling your bet every time you lose or would the amount required be larger than the maximum bet allowed eventually (which I think the upper end is at 500Ƀ)?
Bets (at 50%)
1) 1Ƀ - Lose
2) 3Ƀ - Lose
3) 9Ƀ - Lose
4) 27Ƀ -Win (40Ƀ spent, 52Ƀ won, 12Ƀ profit) Lose
5) 81Ƀ - Lose
6) 243Ƀ - Lose
Fake edit: I answered my own question. If it took more than 6 tries, you wouldn't be able to break even much less profit due to the max bet allowed.
Bets (at 50%)
1) 1Ƀ - Lose
2) 3Ƀ - Lose
3) 9Ƀ - Lose
4) 27Ƀ -
5) 81Ƀ - Lose
6) 243Ƀ - Lose
Fake edit: I answered my own question. If it took more than 6 tries, you wouldn't be able to break even much less profit due to the max bet allowed.
So you just need to start at 0.10 instead of 1, right? Then what could possibly go wrong...
The system you just discovered is called the Martingale System and doesn't work, long term, for the reason you also discovered.
Since this seems to be the thread to post in for people who can't math, I have a question as well: Would it be possible to win eventually if you just keep tripling your bet every time you lose or would the amount required be larger than the maximum bet allowed eventually (which I think the upper end is at 500Ƀ)?
Bets (at 50%)
1) 1Ƀ - Lose
2) 3Ƀ - Lose
3) 9Ƀ - Lose
4) 27Ƀ -Win (40Ƀ spent, 52Ƀ won, 12Ƀ profit) Lose
5) 81Ƀ - Lose
6) 243Ƀ - Lose
Fake edit: I answered my own question. If it took more than 6 tries, you wouldn't be able to break even much less profit due to the max bet allowed.
Bets (at 50%)
1) 1Ƀ - Lose
2) 3Ƀ - Lose
3) 9Ƀ - Lose
4) 27Ƀ -
5) 81Ƀ - Lose
6) 243Ƀ - Lose
Fake edit: I answered my own question. If it took more than 6 tries, you wouldn't be able to break even much less profit due to the max bet allowed.
So you just need to start at 0.10 instead of 1, right? Then what could possibly go wrong...
The system you just discovered is called the Martingale System and doesn't work, long term, for the reason you also discovered.
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Since this seems to be the thread to post in for people who can't math, I have a question as well: Would it be possible to win eventually if you just keep tripling your bet every time you lose or would the amount required be larger than the maximum bet allowed eventually (which I think the upper end is at 500Ƀ)?
Bets (at 50%)
1) 1Ƀ - Lose
2) 3Ƀ - Lose
3) 9Ƀ - Lose
4) 27Ƀ -Win (40Ƀ spent, 52Ƀ won, 12Ƀ profit) Lose
5) 81Ƀ - Lose
6) 243Ƀ - Lose
Fake edit: I answered my own question. If it took more than 6 tries, you wouldn't be able to break even much less profit due to the max bet allowed.
Bets (at 50%)
1) 1Ƀ - Lose
2) 3Ƀ - Lose
3) 9Ƀ - Lose
4) 27Ƀ -
5) 81Ƀ - Lose
6) 243Ƀ - Lose
Fake edit: I answered my own question. If it took more than 6 tries, you wouldn't be able to break even much less profit due to the max bet allowed.
This has to be the most obvious place not to gamble at, because they put the odds right in front of your face. I did 4-5 bets then quit because the payouts were so low for the amount of risk.
Just think, the amount of coins you'll have to risk to amount to that of the amount of coins you'll lose would take foreverrrr playing safe. AND just take one loss will automatically screw you over, so playing the lesser odds is actually worse in the long run because even though it's 3% you'll risk 300BTC every time to get $13 (or something like that). So you'd have to play a couple hundred times to amount to the money you'd lose during that time. So I'm pretty sure that means you have a 6% chance at losing your 300BTC before you make that amount of money back that you'd lose.
Odds are right in front of your face though, it's better to play games like Blackjack where you at least have a tiny bit of say in what the outcome is. All gambling is, is the house vs. you, and in the end the house always wins no matter what, or else they wouldn't be in business.
1.9% is far lower than most blackjack, roulette, lotto, etc games. Just think, the amount of coins you'll have to risk to amount to that of the amount of coins you'll lose would take foreverrrr playing safe. AND just take one loss will automatically screw you over, so playing the lesser odds is actually worse in the long run because even though it's 3% you'll risk 300BTC every time to get $13 (or something like that). So you'd have to play a couple hundred times to amount to the money you'd lose during that time. So I'm pretty sure that means you have a 6% chance at losing your 300BTC before you make that amount of money back that you'd lose.
Odds are right in front of your face though, it's better to play games like Blackjack where you at least have a tiny bit of say in what the outcome is. All gambling is, is the house vs. you, and in the end the house always wins no matter what, or else they wouldn't be in business.
This has to be the most obvious place not to gamble at, because they put the odds right in front of your face. I did 4-5 bets then quit because the payouts were so low for the amount of risk.
Just think, the amount of coins you'll have to risk to amount to that of the amount of coins you'll lose would take foreverrrr playing safe. AND just take one loss will automatically screw you over, so playing the lesser odds is actually worse in the long run because even though it's 3% you'll risk 300BTC every time to get $13 (or something like that). So you'd have to play a couple hundred times to amount to the money you'd lose during that time. So I'm pretty sure that means you have a 6% chance at losing your 300BTC before you make that amount of money back that you'd lose.
Odds are right in front of your face though, it's better to play games like Blackjack where you at least have a tiny bit of say in what the outcome is. All gambling is, is the house vs. you, and in the end the house always wins no matter what, or else they wouldn't be in business.
Just think, the amount of coins you'll have to risk to amount to that of the amount of coins you'll lose would take foreverrrr playing safe. AND just take one loss will automatically screw you over, so playing the lesser odds is actually worse in the long run because even though it's 3% you'll risk 300BTC every time to get $13 (or something like that). So you'd have to play a couple hundred times to amount to the money you'd lose during that time. So I'm pretty sure that means you have a 6% chance at losing your 300BTC before you make that amount of money back that you'd lose.
Odds are right in front of your face though, it's better to play games like Blackjack where you at least have a tiny bit of say in what the outcome is. All gambling is, is the house vs. you, and in the end the house always wins no matter what, or else they wouldn't be in business.
Did you place all the best from the same bitcoin address? Because if so, post that address and we will eventually show you proof of where you went wrong. It seems likely to me that you didn't lose 25 times in a row, but you slowly but surely achieved the 98.1% return over and over again until you hit zero. The 98.1% return means if you play long enough, you can expect to end up with 98.1% of what you started with, and that usually takes only a few bets, and at 91% odds, I estimate several wins and then a loss or two to get there. Your transaction IDs will be interesting to study.
Does anyone actually believe Satoshi and their odds? I do believe the game is completely rigged. I had a great run up 70btc in 2 days. Then lost it all while betting only 91% chance to win games. Im new to this stuff but what are your thoughts?
When you had your "great run" that defied the odds, you weren't complaining then. My advice is to stop gambling.
This is what makes me lol
The house always wins? 
Does anyone actually believe Satoshi and their odds? I do believe the game is completely rigged. I had a great run up 70btc in 2 days. Then lost it all while betting only 91% chance to win games. Im new to this stuff but what are your thoughts?
When you had your "great run" that defied the odds, you weren't complaining then. My advice is to stop gambling.
Im not talking about 1 bet at 91% chance im talking multiple bets over the course of a day and eventually losing all your money. Thats statistically improbable yet it happens all the time. I especialy love when i do a big bet with the less than 60 000# and the I lose because the number that come out is 60 008. You cant possibly think that its random lol
Have you read how it works? read it again, and try harder to comprehend
Always set a betting limit of how much you're willing to lose.
I doubt it. Nobody loses 25 times in a row on a 91% chance bet. The odds against it happening are massive.
That's exactly what someone trying martingale strategy would say, it might be what actually happened here.I watched black hit 16 times in a row on roulette. I said, "Well just f me in the a!"
Rare? Sure. Chances are something like (ignoring 0 green) 0.001525%. But does it happen? Yep. .001525% is not 0%.
There's a difference between 16 50% chance events happening and 25 9% chance events happening. .001525% is not 0%, but 0.0000000000000000000000001472% is pretty much 0% - and that's the percentage chance of losing 25 "lessthan 60000" bets in a row. ie. it didn't happen.
Code:
>>> "%.28f" % ((1 - 60000/65536.0)**25 * 100)
'0.0000000000000000000000001472'
Well no...OP didn't understand the math and was obviously exaggerating. Even the lowest on the IQ totem pole would have surely quit after that 24th loss lol
All your luck is belong to ME >
I doubt it. Nobody loses 25 times in a row on a 91% chance bet. The odds against it happening are massive.
That's exactly what someone trying martingale strategy would say, it might be what actually happened here.I watched black hit 16 times in a row on roulette. I said, "Well just f me in the a!"
Rare? Sure. Chances are something like (ignoring 0 green) 0.001525%. But does it happen? Yep. .001525% is not 0%.
There's a difference between 16 50% chance events happening and 25 9% chance events happening. .001525% is not 0%, but 0.0000000000000000000000001472% is pretty much 0% - and that's the percentage chance of losing 25 "lessthan 60000" bets in a row. ie. it didn't happen.
Code:
>>> "%.28f" % ((1 - 60000/65536.0)**25 * 100)
'0.0000000000000000000000001472'
I guess im that unlucky guy that loses 25 times in a row on a 91% chance to win game the day after winning large sums in the same game.
I doubt it. Nobody loses 25 times in a row on a 91% chance bet. The odds against it happening are massive.
I watched black hit 16 times in a row on roulette. I said, "Well just f me in the a!"
Rare? Sure. Chances are something like (ignoring 0 green) 0.001525%. But does it happen? Yep. .001525% is not 0%.
I guess im that unlucky guy that loses 25 times in a row on a 91% chance to win game the day after winning large sums in the same game.
I doubt it. Nobody loses 25 times in a row on a 91% chance bet. The odds against it happening are massive.
I guess im that unlucky guy that loses 25 times in a row on a 91% chance to win game the day after winning large sums in the same game.
I doubt it. Nobody loses 25 times in a row on a 91% chance bet. The odds against it happening are massive.
Cry more because you didn't quit while you were ahead. Really, cry more. It'll help. I promise. Fucktard.
Random is a conspiracy. Wake up sheeple !
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