Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team - page 738.

Haunebu

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Quote from: leea-1334 on August 28, 2020, 09:08:28 AM

Because all bets are with a house edge, the bigger the edge, the bigger your starting losing position which just makes sense that we should always look for the lowest edge.

I gamble knowing this and knowing that if I come away with a win, I have done the unlikely. It seems people do not understand this well though.

Exactly. Many people believe that progression strategies etc give them an edge over the house and they continue living in this delusion despite losing consistently over the long term.

However, these progression strategies actually do help in sports betting though to a greater extent. You can actually have an edge over the house in sports betting as long as you are really good at predictions.

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Quote from: actmyname on August 28, 2020, 03:52:40 AM

As far as anyone is concerned, or rather - as far as anyone should be concerned, if you place a bet while incurring an edge, then you have already lost even before the result has come.

From a wave-collapse model, your average expectation is negative! If you were a 5D entity and could collect all the various manifestations of your person after each possible result of any given bet with a house edge, what you would find if you were to sum the winnings from all of those timelines is that it's actually less than what the collective started with, prior to the bet. Volatility is one thing, but never delude yourself when you gamble by saying, "there's a chance I can win."

It's true. There's a chance you can win, but the odds are against you. There's also a chance you can win the lottery, or a chance that you can win a jackpot.

And this,,, this is what people keep failing to understand! As soon as you DEPOSIT money, you have already to fight back from a losing position. Because all bets are with a house edge, the bigger the edge, the bigger your starting losing position which just makes sense that we should always look for the lowest edge.

I gamble knowing this and knowing that if I come away with a win, I have done the unlikely. It seems people do not understand this well though.

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Quote from: pungopete468 on August 28, 2020, 03:14:23 AM

Oh sorry yes I re-checked it and it's just 0.00005 Btc it's really low unlike the others thank you for the clarification I think I was just really excited yesterday on playing games on stake that I missed the one 0.

I had not checked on site but saw your post and though the fees are too high then ralle14 corrected me and I got the point that the fess are too small comparing with others gambling sites or exchange. When fees are low it makes us comfortable to use.

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Quote from: pungopete468 on August 28, 2020, 03:14:23 AM

Oh sorry yes I re-checked it and it's just 0.00005 Btc it's really low unlike the others thank you for the clarification I think I was just really excited yesterday on playing games on stake that I missed the one 0.

At first i also thought the withdrawal fee to be 0.0005 BTC which is common fee for most gambling sites and exchanges but stake.com is taking only 0.00005 BTC make a lot less burden on the gamblers.

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Quote from: ralle14 on August 27, 2020, 03:16:26 PM

It's only a small percentage though while it could affect the outcome of your bets it won't matter that much unless you're going to make a lot of bets.

As far as anyone is concerned, or rather - as far as anyone should be concerned, if you place a bet while incurring an edge, then you have already lost even before the result has come.

From a wave-collapse model, your average expectation is negative! If you were a 5D entity and could collect all the various manifestations of your person after each possible result of any given bet with a house edge, what you would find if you were to sum the winnings from all of those timelines is that it's actually less than what the collective started with, prior to the bet. Volatility is one thing, but never delude yourself when you gamble by saying, "there's a chance I can win."

It's true. There's a chance you can win, but the odds are against you. There's also a chance you can win the lottery, or a chance that you can win a jackpot.

pungopete468

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Oh sorry yes I re-checked it and it's just 0.00005 Btc it's really low unlike the others thank you for the clarification I think I was just really excited yesterday on playing games on stake that I missed the one 0.

Haunebu

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Quote from: ralle14 on August 27, 2020, 03:16:26 PM

It's only a small percentage though while it could affect the outcome of your bets it won't matter that much unless you're going to make a lot of bets.

Deisik had a thread about this where he posted his profit record from one of his sessions and the house edge started kicking in after he reached the hundred thousand mark.

That small percentage makes a huge difference actually. Whether you place many bets at once or just a couple of bets over a long period, the outcome will be the same.

This is why they say that the house always wins in the long term and that is how they keep their business alive. Without the house edge, casinos cannot survive since they would go bankrupt very quickly.

Quote from: Bitcoinsummoner on August 27, 2020, 04:57:12 PM

According to this fees is too high. But if the fees is 0.00005 then it is cheapest fees for now, as almost all the exchangers as well as gambling sites are deducting much more fees than this.

Pungopete miscalculated by thinking it is 0.0005 BTC when it is actually 0.00005 BTC which is 56 cents currently and that is literally negligible. This is easily one of the biggest plus points related to Stake.

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Quote from: Bitcoinsummoner on August 27, 2020, 04:57:12 PM

Quote from: ralle14 on August 27, 2020, 04:50:31 PM

Quote from: Bitcoinsummoner on August 27, 2020, 03:51:04 PM

How it is pretty low, I could not understand. I have seen lower fees than this on other gambling site and also on exchanger. Fees is enough high as I think. According to current btc price it is now about 5.631$.

You missed one zero their withdrawal fee is 5000 satoshis and he's not wrong it's one of the lowest fees you'll see as most of the gambling sites charges .0001/10k satoshis sometimes even more now that the network is always filled with at least 10-20 thousand transactions.

Oh I saw and calculated from below quote:

Quote from: pungopete468 on August 27, 2020, 12:55:31 PM

Deposit some amount to enjoy some games and ended up playing dice pretty much good on my first day. There's are lot of games that I needed to try by the way is your withdrawal fee really fixed to 0.0005 btc?

According to this fees is too high. But if the fees is 0.00005 then it is cheapest fees for now, as almost all the exchangers as well as gambling sites are deducting much more fees than this.

Right now this is serious problem for many members and stake is really doing good for this community and punters hopefully others will also have some good idea from here and they will bring fees less which surely could be affordable for all members and site.

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Quote from: ralle14 on August 27, 2020, 04:50:31 PM

Quote from: Bitcoinsummoner on August 27, 2020, 03:51:04 PM

How it is pretty low, I could not understand. I have seen lower fees than this on other gambling site and also on exchanger. Fees is enough high as I think. According to current btc price it is now about 5.631$.

You missed one zero their withdrawal fee is 5000 satoshis and he's not wrong it's one of the lowest fees you'll see as most of the gambling sites charges .0001/10k satoshis sometimes even more now that the network is always filled with at least 10-20 thousand transactions.

Oh I saw and calculated from below quote:

Quote from: pungopete468 on August 27, 2020, 12:55:31 PM

Deposit some amount to enjoy some games and ended up playing dice pretty much good on my first day. There's are lot of games that I needed to try by the way is your withdrawal fee really fixed to 0.0005 btc?

According to this fees is too high. But if the fees is 0.00005 then it is cheapest fees for now, as almost all the exchangers as well as gambling sites are deducting much more fees than this.

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Quote from: Bitcoinsummoner on August 27, 2020, 03:51:04 PM

How it is pretty low, I could not understand. I have seen lower fees than this on other gambling site and also on exchanger. Fees is enough high as I think. According to current btc price it is now about 5.631$.

You missed one zero their withdrawal fee is 5000 satoshis and he's not wrong it's one of the lowest fees you'll see as most of the gambling sites charges .0001/10k satoshis sometimes even more now that the network is always filled with at least 10-20 thousand transactions.

Bitcoinsummoner

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Quote from: Haunebu on August 27, 2020, 02:53:01 PM

Withdrawal fee is 0.00005BTC with 4 zeros and it is fixed currently. It is pretty low if you think about it.

How it is pretty low, I could not understand. I have seen lower fees than this on other gambling site and also on exchanger. Fees is enough high as I think. According to current btc price it is now about 5.631$.

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Quote from: Haunebu on August 27, 2020, 11:35:45 AM

Wrong. House edge matters in literally every single bet. For example, if you placed a bet on Dice using a x2 multiplier, the house edge cuts your winning percentile from 50% to a lower figure thus affecting the outcome.

It's only a small percentage though while it could affect the outcome of your bets it won't matter that much unless you're going to make a lot of bets.

Deisik had a thread about this where he posted his profit record from one of his sessions and the house edge started kicking in after he reached the hundred thousand mark.

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Quote from: mu_enrico on August 27, 2020, 12:21:06 PM

Just go to my ignore list, and PM me if you have learned your mistake.

You are weird. Anyone with a half decent brain knows that progression strategies like Martingale, Paroli etc don't work in the long term and depending on patterns in gambling is utter stupidity, but I guess you lack that.

Quote from: pungopete468 on August 27, 2020, 12:55:31 PM

Deposit some amount to enjoy some games and ended up playing dice pretty much good on my first day. There's are lot of games that I needed to try by the way is your withdrawal fee really fixed to 0.0005 btc?

Withdrawal fee is 0.00005BTC with 4 zeros and it is fixed currently. It is pretty low if you think about it.

pungopete468

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Deposit some amount to enjoy some games and ended up playing dice pretty much good on my first day. There's are lot of games that I needed to try by the way is your withdrawal fee really fixed to 0.0005 btc?

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Quote from: panjul07 on August 27, 2020, 12:33:42 PM

Quote from: sempak on August 27, 2020, 12:07:05 PM

Quote from: Symphonized on August 27, 2020, 10:58:36 AM

-snip

Do we really need to have 10+ post on the forum? before we are able to participate on that giveaway I'm kinda interested to it but i don't have time posting so much.

Really? 10 posts is too much for you? You can do post like twice a day for 5 days, or once a day for 10 days so you can always participate on the next challenge.
I'm sure it is not that hard to get 10 posts, you have proven yourself that you can make few posts in a day in this forum.
So saying 10 posts is too much and you have no time to do it is not making any senses at all.
One more thing, if you are interested in something then you should give an effort for it especially the first requirement is not about money.

Yeah you are right I still have 3 days. While making an auto bet I think I should be posting on their forum at the same time.

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Quote from: sempak on August 27, 2020, 12:07:05 PM

Quote from: Symphonized on August 27, 2020, 10:58:36 AM

-snip

Do we really need to have 10+ post on the forum? before we are able to participate on that giveaway I'm kinda interested to it but i don't have time posting so much.

Really? 10 posts is too much for you? You can do post like twice a day for 5 days, or once a day for 10 days so you can always participate on the next challenge.
I'm sure it is not that hard to get 10 posts, you have proven yourself that you can make few posts in a day in this forum.
So saying 10 posts is too much and you have no time to do it is not making any senses at all.
One more thing, if you are interested in something then you should give an effort for it especially the first requirement is not about money.

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Quote from: Kakmakr on August 27, 2020, 01:23:27 AM

Can you add the older Slot, "It Came From Venus" from the game developer Betsoft Gaming please, because I see you have added the newer "Back to Venus" game, but it is not as good as the first game. (imho) Roll Eyes

Wow, that's a 2012 game and still uses flash player. Yeah, the old game is more interactive than the newer Back to Venus, but the graphic is still low-res.
Anyway, a taste is a taste (said Ivan) Wink

Quote from: Haunebu on August 27, 2020, 11:35:45 AM

Wrong

Just go to my ignore list, and PM me if you have learned your mistake.

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Quote from: Symphonized on August 27, 2020, 10:58:36 AM

It's time to find the hidden Diamonds this week in our $800 Gary's Quest Forum Challenge!

For as little as 100 satoshi, you can win a huge share in the prizepool this week!

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Do we really need to have 10+ post on the forum? before we are able to participate on that giveaway I'm kinda interested to it but i don't have time posting so much.

Haunebu

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Quote from: mu_enrico on August 26, 2020, 03:25:21 PM

House edge is pretty obvious for gamblers, but this case about ten losses streak (same color) and got busted has nothing to do with HE.
He would still get busted even if there was zero HE (let's say bet landed on green not counted/void) because he used Martingale.

If gamblers expect long alternating black/red, Martingale is good; conversely, if they expect long streak black/red, Paroli is better. If they don't want to risk anything, don't play.

Wrong. House edge matters in literally every single bet. For example, if you placed a bet on Dice using a x2 multiplier, the house edge cuts your winning percentile from 50% to a lower figure thus affecting the outcome.

Also, using progression strategies after certain patterns is basically gamblers fallacy. The bets are completely independent of each other which is why none of these strategies help in the long term.

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