The way i see it you used to get lost more on a higher bet and lost less on a smaller bet.
Overall you just don't get your profit back because you just spend it again in gambling and you lost.
Would you mind if you give the complete details about your betting style because it is still unclear to see how you got lost a lot even though your winning record tells you that you won more?
Topic: The analytics of my betting, what does it mean? (Read 314 times)
Could you explain this? So you made a total of 4637 bet? Won 2,992 times,
Lost 1645 times
How did you manage to make so much bets? Did you achieve that with bot or manual?
So, total amount of bet: 0.9201 bitcoin?
Total profit: 0.01437 bitcoin?
Lost 1645 times
How did you manage to make so much bets? Did you achieve that with bot or manual?
So, total amount of bet: 0.9201 bitcoin?
Total profit: 0.01437 bitcoin?
-0.01437
No profit and that is so sad. I guess this is normal since every bet we make is not the same, right? The same thing happened to my cousin doing the Martingale strategy. Comparing those losses with a win, you should've earned a profit, I guess if this is me I will be minimizing my bets from now on. That amount will do better in my investment but yeah, it is hard to keep yourself form gambling.
We cant point it out which part he actually did wrong as he never show some important details.
Could you explain this? So you made a total of 4637 bet? Won 2,992 times,
Lost 1645 times
How did you manage to make so much bets? Did you achieve that with bot or manual?
So, total amount of bet: 0.9201 bitcoin?
Total profit: 0.01437 bitcoin?
Lost 1645 times
How did you manage to make so much bets? Did you achieve that with bot or manual?
So, total amount of bet: 0.9201 bitcoin?
Total profit: 0.01437 bitcoin?
-0.01437
No profit and that is so sad. I guess this is normal since every bet we make is not the same, right? The same thing happened to my cousin doing the Martingale strategy. Comparing those losses with a win, you should've earned a profit, I guess if this is me I will be minimizing my bets from now on. That amount will do better in my investment but yeah, it is hard to keep yourself form gambling.
Could you explain this? So you made a total of 4637 bet? Won 2,992 times,
Lost 1645 times
How did you manage to make so much bets? Did you achieve that with bot or manual?
So, total amount of bet: 0.9201 bitcoin?
Total profit: 0.01437 bitcoin?
Lost 1645 times
How did you manage to make so much bets? Did you achieve that with bot or manual?
So, total amount of bet: 0.9201 bitcoin?
Total profit: 0.01437 bitcoin?
That is more than possible in dice sites. You can set your bets in auto mode. So what you can do is just watch the dice rolls and see if you are winning or losing. You can always stop anytime. And change the settings of your game. But it doesn't mean that he spent all of that 0.9201 btc in that site. Let's hear from the OP what he would say regarding this...
Could you explain this? So you made a total of 4637 bet? Won 2,992 times,
Lost 1645 times
How did you manage to make so much bets? Did you achieve that with bot or manual?
So, total amount of bet: 0.9201 bitcoin?
Total profit: 0.01437 bitcoin?
Lost 1645 times
How did you manage to make so much bets? Did you achieve that with bot or manual?
So, total amount of bet: 0.9201 bitcoin?
Total profit: 0.01437 bitcoin?
What sort of betting is it a sport betting, casino, dice or something else? The wins are higher than the losses that can clearly be seen but what the wager and profit calculations makes it a not so good investment for you
Depends on lots of factor, but I see that perhaps that you betting is the culprit here. Maybe you bet is so small to offset all the money that you lost, that's why you are still in the negative side. That's the only reason I can see here. So there is no surprised here, to be honest.
That's what I'm thinking also. I've had similar outcome in one of the dice sites. So that kind of stats is really not surprising. You can give more analysis when you check the details of your bets.
I found nothing strange with OP's overall bet statistics. People can get a higher number of green than red while the profits are negative. It all depends on the strategy they use. Using low payouts like 1.1x or even lower will provide almost the same statistics. Idk why OP is wondering about these items, is he new to the gambling business?
If the OP is an old timer in the gambling business, I guess he will not ask this situation. Or it is only now that he noticed this kind of stats
Depends on lots of factor, but I see that perhaps that you betting is the culprit here. Maybe you bet is so small to offset all the money that you lost, that's why you are still in the negative side. That's the only reason I can see here. So there is no surprised here, to be honest.
From your summary, we can conclude you were betting in low odds. That's why your wagering and number of bet, number of winning bets is higher but the profit is negative.
I strongly agree with this, OP must increase the odds but the situation will be reversed, the amount will lose much more than of wins. Cause odds are a difficult thing too, I mean won't always win unless have tips to get it.
From your summary, we can conclude you were betting in low odds. That's why your wagering and number of bet, number of winning bets is higher but the profit is negative.
I strongly agree with this, OP must increase the odds but the situation will be reversed, the amount will lose much more than of wins. Cause odds are a difficult thing too, I mean won't always win unless have tips to get it. 
I found nothing strange with OP's overall bet statistics. People can get a higher number of green than red while the profits are negative. It all depends on the strategy they use. Using low payouts like 1.1x or even lower will provide almost the same statistics. Idk why OP is wondering about these items, is he new to the gambling business?
You should review your bet history if you have a record of it so you can come up with a better understanding of the result.
Yep. I find it quite pointless to place a bet with that percentage of winning.
.
The problem with betting with like 95% chance of winning is that you will win like 0,1% (don´t know exactly but it is low), and if you lose you lose 100% of what is waged. At dice games at least... Yep. I find it quite pointless to place a bet with that percentage of winning. 
Maybe he has not this understanding and it has to come here for clarity. I do agree with this "bet with high odds of winning" do results to this type of analysis. If you want the opposite then you have to reduce your odd of winning but I will said it is better to remain in profit than has your capital lose out.
The problem with betting with like 95% chance of winning is that you will win like 0,1% (don´t know exactly but it is low), and if you lose you lose 100% of what is waged. At dice games at least...
Higher number of wins compared to losses doesn´t mean you will have profit. That´s because if you bet with high odds of winning the profit will be very small... on the other hand, you lose too much if you lose.
You can that in your example.
Maybe he has not this understanding and it has to come here for clarity. I do agree with this "bet with high odds of winning" do results to this type of analysis. If you want the opposite then you have to reduce your odd of winning but I will said it is better to remain in profit than has your capital lose out. You can that in your example.
I don't find it problematic. The wagered amount is simply all of the money you placed on your bets, right? You had more wins than losses, but the profit is negative, which means that you one the smaller bets and lost the bigger ones, to put it simply. As others have already mentioned, the odds can play a big part in this as well, and determining whether the house edge is truly 1% is hard if you played with various odds. Your overall slight loss is basically how the house edge works in the long-term perspective, I think. I tried to make various calculations with the statistics, but I could not come up with a normal way of testing the house edge.
It's hard to find any meaning from here unless an analyst have enough raw data to analyses from different angles before coming to a conclusion.
Impossible to tell based on this screenshot, ya. We would need much more info here to analyse why the stats are as they are shown. Take windice for example. You can adjust the probability you want to win, resulting in reduced multipliers. If you wager 0.001 btc per roll with a multiplier of lets say 1.1 and roll 5 times where you win 4 times and lose one time you have lost roughly 0.0005 btc. So the wins count means nothing in this situation.
It's hard to find any meaning from here unless an analyst have enough raw data to analyses from different angles before coming to a conclusion.
do you bet the same every time you bet? if yes then yes this is questionable if no then the answer is
the profit is lower because of the way you bet. you probably win a lot in small wages and loose a lot in
high wages that's why the total profit is lower wagered.
the profit is lower because of the way you bet. you probably win a lot in small wages and loose a lot in
high wages that's why the total profit is lower wagered.
Higher number of wins compared to losses doesn´t mean you will have profit. That´s because if you bet with high odds of winning the profit will be very small... on the other hand, you lose too much if you lose.
You can that in your example.
You can that in your example.
It depends on many factors. Your base bet, your odds, your change in bet size and odd after each win or loss.
If you are to see that 1% house edge results, you should bet a constant amount in default odds i.e. x2 for a million of times. That way you'd reach closer to the expected result.
From your summary, we can conclude you were betting in low odds. That's why your wagering and number of bet, number of winning bets is higher but the profit is negative.
If you are to see that 1% house edge results, you should bet a constant amount in default odds i.e. x2 for a million of times. That way you'd reach closer to the expected result.
From your summary, we can conclude you were betting in low odds. That's why your wagering and number of bet, number of winning bets is higher but the profit is negative.
Jump to: