Topic: satoshi dice lol - page 2. (Read 7898 times)

Quote from: ryann on October 15, 2012, 03:58:41 PM

You cant possibly think that its random lol

Yes I do.

Why not play the 97% chance to win constantly and become a millionaire then?

It doesn't work that way. You have a 97% chance to win a single bet, but look at how low your percentage of payout is. This still gives the house an edge. You will ultimately lose doing this.

Why is noone doing extremly large bets on that odd once then? a 07% chance to win is extremely high probability in any case. The anser is because they know when they do the big bet that the number 65000 will come out. Like usual.

Some people do. And most people win that single bet.

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.

If you in deed lost 25 times in a roll on the 91% chance bet, then I agree, that's pretty improbable (though still possible). Please show me proof that it happened.

How can I show the proof? IS there somewhere I can look up the records??

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: ryann on October 15, 2012, 03:58:41 PM

You cant possibly think that its random lol

Yes I do.

Why not play the 97% chance to win constantly and become a millionaire then?

It doesn't work that way. You have a 97% chance to win a single bet, but look at how low your percentage of payout is. This still gives the house an edge. You will ultimately lose doing this.

Why is noone doing extremly large bets on that odd once then? a 07% chance to win is extremely high probability in any case. The anser is because they know when they do the big bet that the number 65000 will come out. Like usual.

Some people do. And most people win that single bet.

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.

If you in deed lost 25 times in a roll on the 91% chance bet, then I agree, that's pretty improbable (though still possible). Please show me proof that it happened.

SgtSpike

legendary

Activity: 1400

Merit: 1005

You cant possibly think that its random lol

Yes I do.

Why not play the 97% chance to win constantly and become a millionaire then?

It doesn't work that way. You have a 97% chance to win a single bet, but look at how low your percentage of payout is. This still gives the house an edge. You will ultimately lose doing this.

Why is noone doing extremly large bets on that odd once then? a 07% chance to win is extremely high probability in any case. The anser is because they know when they do the big bet that the number 65000 will come out. Like usual.

Some people do. And most people win that single bet.

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.

They do call it luck for a reason...

SgtSpike

legendary

Activity: 1400

Merit: 1005

You cant possibly think that its random lol

Yes I do.

Why not play the 97% chance to win constantly and become a millionaire then?

It doesn't work that way. You have a 97% chance to win a single bet, but look at how low your percentage of payout is. This still gives the house an edge. You will ultimately lose doing this.

Why is noone doing extremly large bets on that odd once then? a 07% chance to win is extremely high probability in any case. The anser is because they know when they do the big bet that the number 65000 will come out. Like usual.

Because on that 3% chance that they do lose, they lose everything. Some people don't want to take that sort of chance.

Try it this way:
- Create a new Excel document.
- In A2, type "=RANDBETWEEN(0,65536)"
- In B1, type "1000", or whatever starting Bitcoin balance you want to simulate.
- In B2, type "=IF(A2<64000,B1*1.004,0)"
- Now, copy A2 and B2 downward as far as you want, to simulate as many bets as you want.
- To refresh with a new set of random numbers, just click on an empty cell, and push the Delete key on your keyboard.
- You will soon find out why no one does extremely large bets on that odd.

drekk

member

Activity: 70

Merit: 10

Who shot who in the what now?

Level of hiding behind "questions" while not having the balls to file an official scam accusation: ryann.

Also, you might have a gambling problem.

ryann

member

Activity: 70

Merit: 10

You cant possibly think that its random lol

Yes I do.

Why not play the 97% chance to win constantly and become a millionaire then?

It doesn't work that way. You have a 97% chance to win a single bet, but look at how low your percentage of payout is. This still gives the house an edge. You will ultimately lose doing this.

Why is noone doing extremly large bets on that odd once then? a 07% chance to win is extremely high probability in any case. The anser is because they know when they do the big bet that the number 65000 will come out. Like usual.

Some people do. And most people win that single bet.

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.

lile

newbie

Activity: 41

Merit: 0

Not sure if OP is a big troll or just a 6 year old kid that doesn't yet understand the math...

If I'm not mistaken satoshidice uses mental poker strategies. Study up.

Nolo

hero member

Activity: 686

Merit: 500

Whoa, there are a lot of cats in this wall.

You cant possibly think that its random lol

Yes I do.

Why not play the 97% chance to win constantly and become a millionaire then?

It doesn't work that way. You have a 97% chance to win a single bet, but look at how low your percentage of payout is. This still gives the house an edge. You will ultimately lose doing this.

Why is noone doing extremly large bets on that odd once then? a 07% chance to win is extremely high probability in any case. The anser is because they know when they do the big bet that the number 65000 will come out. Like usual.

Some people do. And most people win that single bet.

ryann

member

Activity: 70

Merit: 10

You cant possibly think that its random lol

Yes I do.

Why not play the 97% chance to win constantly and become a millionaire then?

It doesn't work that way. You have a 97% chance to win a single bet, but look at how low your percentage of payout is. This still gives the house an edge. You will ultimately lose doing this.

Why is noone doing extremly large bets on that odd once then? a 07% chance to win is extremely high probability in any case. The anser is because they know when they do the big bet that the number 65000 will come out. Like usual.

SgtSpike

legendary

Activity: 1400

Merit: 1005

"satoshi dice lol" indeed... I laughed!

Nolo

hero member

Activity: 686

Merit: 500

Whoa, there are a lot of cats in this wall.

You cant possibly think that its random lol

Yes I do.

Why not play the 97% chance to win constantly and become a millionaire then?

It doesn't work that way. You have a 97% chance to win a single bet, but look at how low your percentage of payout is. This still gives the house an edge. You will ultimately lose doing this.

Example: How many times do you expect to win out of 100 on this bet? 97. You expect to lose 3 times. This will give the house a profit of about 2% and you a loss of about 2% due to the payout structure of the 97% bet.

Quote

lessthan 64000 97.6563% 1.004x 1.900% 98.100% 0.0010 250.0000

ryann

member

Activity: 70

Merit: 10

Quote from: evoorhees on October 15, 2012, 03:49:09 PM

You cant possibly think that its random lol

Yes I do.

Why not play the 97% chance to win constantly and become a millionaire then?

ryann

member

Activity: 70

Merit: 10

The math on SatoshiDICE is absolutely fair and transparent. The whole point is that if you don't trust the site, you can check it using the hashes of the transactions (it's a bit complicated to do this but many have done it).

Not only is SatoshiDICE fair, it is -provably- fair, and is one of the first online games in the world to be able to prove its fairness (one more awesome benefit of Bitcoin).

Im not following. How can you prove that the numbers generated are actually random just from hashes?

Nolo

hero member

Activity: 686

Merit: 500

Whoa, there are a lot of cats in this wall.