Topic: The House always wins. - page 18. (Read 8267 times)

All casinos have designed to make profit in long run. So that I think there is no chance to those people who play continuously while thinking they will keep them on winning streak. The house is always win in long term for sure.

Dude what do you mean with this topic?

The fees won't go to the site, they will go to the miners, that usually aren't the same as the site owners

A casino can be fair at 50/50 and still make profit. In Bitcoin this is possible because they can process a lot of transactions and get fees from every transaction, so even if it's 50/50, they will still remain profitable but they will require a decent amount of transaction volume to get on the green profits, because they will need a lot of people on their service to get a big amount from the fees.

AFAIK dice games never be on 50/50 because there is still.house edge which mean you will not have 50% chance on 2x odds, moreover OP play on that freebitco.in, what I do know that their site have higher odds so that means you eill have higher chance to lose rather than winning there

The house always wins only if the player is playing regularly and long time, then surely at the end they will be in loss because the gambling system of the site just caches your strategy of playing and reverse it on long time at that point of time your bet makes you lose and in connection to that you make more same bet and system just reverse everything and at the last you lose everything.

But their are some players who are playing for some time and when they make some profit they just withdraw and then go for another site. they dont play long time.

this is how gambling works it is a game of risk, you take a risk and sometimes it works out and sometimes it doesn't. and when there is a house edge you have to know that so you change your strategy accordingly.

but what i don't get here is that why did you deposit on FreeBitCo.in it is a faucet! if you want to deposit in dice sites do it on a legit dice site that also has a better autobet experience and also a good provably fair system.

Thats right , good for your experiment , this is fact for a gambling , if you have a some tricks and the beginning your bet always win and trust your tricks, you're big wrongs. the long your turns bet maybe you will felling strange, little by little you lose and lose , then what happens?? you will lose have a lot your money in your wallet , this is a fact for gambling to run long bet.

House will only win if you've lose all your money and you've nothing to bet. As long as you have money to make your negative profit to get back to zero, house will never win. After you've won big, stop from playing, that's the key .

You made 0.046 before you lost. If you had just done a 50/50 you would have had a better chance and you would have won 0.056. Because you lost you may as well had done a 50/50 then at least you have half a chance and you save 12 hours .....

Haha, yeah It's like burning your money except the money is not destroyed, the house keeps it.  Oh, and it's a lot more fun to lose money gambling than it is to toss it into a fire (or so I assume).   
But you don't need a lot of money to have a "decent chance", that's part of why people (myself included) gamble... it's the allure of winning big with a small bet.  Will you win big with a small bet?  Probably not, but it's certainly possible, it's happened before and will happen again.  People do hit it big on the gambling sites.

So here's one more thing to remember... the house wins over the LONG TERM, the odds always average out in the house's favor.  So if you play for the short term it is possible to win big but if you keep playing, odds (and math) say that you will end up with less than you started.

As for the "entertainment expense", I agree with you and disagree at the same time.  Sure, lots of people use excuses to justify gambling losses, but if you're using excuses when losing, step back and stop for a while... there's likely a bigger issue.
For the casual weekend gambler, the cost/loss is just another "night out".  We'd spend the same amount of money going to dinner and a movie as going out gambling.  Sometimes we'll pick a movie, sometimes gambling.  Sure, we want to win but the main purpose here is getting out and doing something when you're bored.  So yeah, some people use excuses but some actually do gamble just because it's fun and different.

Futurebit640... yes, I agree, the house doesn't always win.  When people win big, it is the house that loses.  And yes, greed plays a factor here because most people who win big turn around and gamble MORE and lose their winnings... so even when the house loses, they still win because most people will keep playing and lose what they won.  It is very difficult to cash out and walk away with a big win, those who can do that are winners in more way than one.

how much precetange win and lost your metode gamble
and how much profit in precentage is capital money

Yes, this is correct. But not fully accurate, House will make money from us that is I agree. But they will not always win sometimes we also win. There are a lot of people won big amount here, so this is lost on house right. So here our greed will decide that we win, or house will win.

That's clever and so true, it is like funneling your money into a coal chamber. Such a waste you can throw everything at it and never win your odds are so small even id you add everthing you eve made in your entire life time not even that amount will give you a decent chance. I don't know why some gamblers would consider gambling entertainment I think they fooling themselves and just use "entertainment expense" as an excuse to justify their losses to themselves. Really they just want to win like there rest of us.

That reminds me of a quote I heard a while back that went something like...

"The lottery is a tax on people who are bad at math."

I think the same could be said about dice/gambling sites, although not everyone who gambles is there only to make money (some gamble for fun and consider the losses an entertainment expense).

The thing I keep in mind when playing a game where the house has an edge (even 1-2%), is this:  You will ALWAYS lose in the long run, always.  If you are lucky and win in the short-term, take the money and run.  The longer you keep playing, the better the chances of giving it all back (and then some).

So play and have fun and remember: It's not how many chips you win or lose, it's how many chips you walk away with and how much fun you had doing it.

How could you survive losing 256 times ? If you martingale that it would be like 999999btc unless u made 1 satoshi bets x256 in which case that's bull how can you lose so many times. If that's true then I'll say they cheating. I agree with almost everything you say! I dont trust these places either.

It is true from your explanation that you will never defeat the house, the house will always win. I have gambled for quite some time and I know that the longer you stay in the house, the more you expose yourself to loses. Gambling is a game of probability and it actually depends on your luck to win. If you are lucky enough to win some, then you better take your winnings and walk away to come back another day. If you become greedy and want to win more by staying long hours, the odds will turn against you and you will lose everything that you had accumulated plus your investment.

The house will always win overall. If you check a popular casinos bank roll every 12 months it's likely they'll never be at a loss at the end of a calander year.

Lucky people can win though but yes, overall the house will never lose in the long run.

yeah that's right, the owner of the house always wins. proven many gambling sites that have sprung up because it profitable for homeowners.
and the average they can last a long time, because the owner of the house always wins.

tbh Im a gambler and I know that house always win and you cant win in the long run. I really understand it and that is the risk im taking. If that thing didnt put in their mind before playing, a newbie gambler or a gambler who loss much will say sites are scam which is definitely not. It just happen to them because of "in gambling house always win & you cant win in the long run". Gamblers should know that before playing.

Yes True.. If you have lots of Bitcoins, deposit, play, make some BTC's and be sensible enough to back out and withdraw. But the ones who play with smaller amounts are always the loser.

Guess what Dice Websites such as Freebitco.in has a massive user base of which 80% will be small timers who are here to lose. 2% will be Big Sharks who are there to make money from the rest of userbase. Rest 18% are the gamblers who decide on the 49%-51% of the house. (The numbers are theoretical assumptions.)

Eventually 2% constant income for the House.. The House always wins.