Why fool yourself ? - page 2. | Bitcointalksearch.org

BTCLovingDude

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Quote from: JasonXG on July 14, 2016, 05:39:45 AM

Why do people fool themselves when they gamble ? I hear many people many times say you should roll lots of 98% or 90% or whatever odds on dice.

That's a bad idea and way less profitable so why do people fool themselves into thinking its better to bet low odds.

Of you roll 50% or 5 rolls at 90% some people will tell you to do the 90% one. The chance is the same actually. You actually lose half your profit rolling at 90%

5rolls of 90% = 50% profit.

1 roll at 50% = 100% profit.

Ita basic maths people....

you forgot the most important point in all this:

this is gambling

so it doesn't matter which odds you choose, you should always go with the one that you feel good about and feel lucky. because it is all about luck.
people sometimes say bet on 90% because in case you get lucky and win early on, you can gain a lot of profit this way easily.

ralle14

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Quote from: JasonXG on July 14, 2016, 05:39:45 AM

Why do people fool themselves when they gamble ? I hear many people many times say you should roll lots of 98% or 90% or whatever odds on dice.

That's a bad idea and way less profitable so why do people fool themselves into thinking its better to bet low odds.

Of you roll 50% or 5 rolls at 90% some people will tell you to do the 90% one. The chance is the same actually. You actually lose half your profit rolling at 90%

5rolls of 90% = 50% profit.

1 roll at 50% = 100% profit.

Ita basic maths people....

People are still doing this method because they know that they're likely to win most of their bets. Betting on 90% is only good for those people who bet with huge amount of bitcoin.

ethereumhunter

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Quote from: JasonXG on July 14, 2016, 05:39:45 AM

Why do people fool themselves when they gamble ? I hear many people many times say you should roll lots of 98% or 90% or whatever odds on dice.

That's a bad idea and way less profitable so why do people fool themselves into thinking its better to bet low odds.

Of you roll 50% or 5 rolls at 90% some people will tell you to do the 90% one. The chance is the same actually. You actually lose half your profit rolling at 90%

5rolls of 90% = 50% profit.

1 roll at 50% = 100% profit.

Ita basic maths people....

maybe we said that is fool themselves, but i think maybe they just want to have fun so they do 90% and maybe they want to hope that chance to win is become big. or maybe this would be their strategy, we do not know what the gambler think.

iwasneverhere

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People just want to feel safer I guess. The want some of the thrill of gambling but not all of it.

fullypak

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Quote from: Shinpako09 on July 16, 2016, 07:14:11 AM

And whats make me laugh on them is after they play they will complain after lossing all their bitcoin in a 98% chance. They thought they can easily win in a high chance which is very wrong.

Whoever is complaining about such things don't know how probably fair system is working so it is not their fault. It is just a matter of time until they understood how this system works later they know how to manage their odds. But if anyone gambles for a long time, one thing is sure whether you bet either low or high at the end house will make sure they will win,

Shinpako09

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And whats make me laugh on them is after they play they will complain after lossing all their bitcoin in a 98% chance. They thought they can easily win in a high chance which is very wrong.

JasonXG

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Quote from: enhu on July 14, 2016, 11:50:32 PM

This is a good topic to decide which gambling site you have to invest really. Some poker gamblers won on brk thread which I think the game depends to how users play but on dice? its always the house that win. so i guess its better to invest don ice site.

has anyone ever won big on DICE?

I have not made such a big win my biggest is 0.024 I dont want to go higher I already think its too high. You are correct in saying it is nest to invest. I now invest in the leading casinos and I'm very happy with my choice. I no longer need to stress and I combine this with affiliate marketing you will make a lot.

enhu

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This is a good topic to decide which gambling site you have to invest really. Some poker gamblers won on brk thread which I think the game depends to how users play but on dice? its always the house that win. so i guess its better to invest don ice site.

has anyone ever won big on DICE?

Anon_7716

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Quote from: plost24 on July 14, 2016, 06:00:43 PM

i was rolling 90% chance but now i only do like that if i need just a little profit with high chance to when but for profit i do now not even 50% i choose now to bet 25% chance of win to get more profit and that is working yesterday i turn 3800 satouchi to 0.01 btc with chance like that.
be smart and bet with high odds you will win more than you think.

Do betting > 50% is enough to make the heart beat more toned. Because most of the many people who made a bet with a chance > 50% is people who already understand about looking for opportunity in search of victory. So if beginners use way that will impact suffered defeat.

eann014

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Quote from: aranachristianjay on July 14, 2016, 10:51:33 AM

Quote from: European Central Bank on July 14, 2016, 10:46:17 AM

anyone who gambles anything expecting to do well out of it is fooling themselves. you should be doing it for fun, nothing more. if you're not having fun then it's time to step away.

I believed on what you had just said.

Same as what I want with gambling is to have a fun with it.

So I think everyone should consider gambling as a source of fun only and not a source of money for living.

Gambling is made to entertain gamblers so that they get fun from it and from playing in it.
when you consider gambling as a source of money, then do you think you actually want to earn from unstable way of getting a money or losing something in it.

I believed now that almost every gamblers do play for fun now.

We are also fooling ourselves because we don't want to stop and stay away from gambling. That's the truth behind of fooling ourselves in gambling. All of us experience loosing but we never stop to gamble. Because we just want to without any reasons. That's how we feel and we didn't accept the reality of being a looser at the end of the day.

plost24

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i was rolling 90% chance but now i only do like that if i need just a little profit with high chance to when but for profit i do now not even 50% i choose now to bet 25% chance of win to get more profit and that is working yesterday i turn 3800 satouchi to 0.01 btc with chance like that.
be smart and bet with high odds you will win more than you think.

HCP

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Quote from: Ryan Dugan on July 14, 2016, 12:38:59 PM

Quote from: kryptqnick on July 14, 2016, 05:58:11 AM

Quote from: JasonXG on July 14, 2016, 05:39:45 AM

Why do people fool themselves when they gamble ? I hear many people many times say you should roll lots of 98% or 90% or whatever odds on dice.

That's a bad idea and way less profitable so why do people fool themselves into thinking its better to bet low odds.

Of you roll 50% or 5 rolls at 90% some people will tell you to do the 90% one. The chance is the same actually. You actually lose half your profit rolling at 90%

5rolls of 90% = 50% profit.

1 roll at 50% = 100% profit.

Ita basic maths people....

I think you're wrong. 1 roll at 50% can make you lose 100%. Whereas 5 rolls on 90% can lead to win with a higher probability

This is wrong! 10% x5 = 50% and is 50% more than on 100% and what if you lose first time on 90% you risk all fpr 10% ? Rather risk all fpr double.

Wow... the level of maths fail here is astronomical... Undecided

It is quite obvious reading the numerous responses on this thread that there is a basic lack of understanding of how probability and statistics work.

Firstly, 5 rolls at 90% IS NOT equal to the chance of 1 roll at 50%... the 10% chances of lose DO NOT stack up each roll... this is also not a conditional probability... each roll is independent of the previous roll(s)... (assuming the game isn't rigged)

So... if you have 90% odds of winning...
roll 1: lose % = 10%
roll 2: lose % = 10%
roll 3: lose % = 10%
roll 4: lose % = 10%
roll 5: lose % = ?? I'll award 100internetz to the first person that can guess the answer Tongue

....
roll N: lose % = 10%

likewise... if you have 50% odds of winning...
roll 1: lose % = 50%
roll 2: lose % = 50%
roll 3: lose % = 50%
....
roll N: lose % = 50%

90% chance of winning is obviously greater than 50% of winning.... to put it another way... if you roll 10 times, at 90% you should win 9 out of those 10. At 50% you should win 5 out of those 10. The casinos recognise this, and therefore adjust the payouts accordingly, so you win more often, but you win less each time.

Going by the logic you guys are using, you should NEVER EVER play 50% more than once... because 2x 50% = 100% so you are guaranteed to lose right??? Roll Eyes

That obviously explains why you can get those 5+ win streaks on 50% odds... oh... wait...

Secondly, to the guy going on about running into house edge "more often" taking 5 rolls... *sigh*... the house edge is built into the odds and payouts you are getting... this is why the dice site doesn't even offer 50% @ 2x payout... If you want 50%, the payout will be 1.975x-1.99x... If you want 2x they only offer 47.5-49% of winning... That is their "mathematical" edge... they don't give you "true" payouts for the odds you get...

Honestly, I need to find some investors and start an online gambling site... no wonder they make so much money... with so many people gambling money who clearly don't understand how it works. Shocked

eternalgloom

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Quote from: Nahl on July 14, 2016, 11:14:32 AM

Quote from: JasonXG on July 14, 2016, 05:39:45 AM

Why do people fool themselves when they gamble ? I hear many people many times say you should roll lots of 98% or 90% or whatever odds on dice.

That's a bad idea and way less profitable so why do people fool themselves into thinking its better to bet low odds.

Of you roll 50% or 5 rolls at 90% some people will tell you to do the 90% one. The chance is the same actually. You actually lose half your profit rolling at 90%

5rolls of 90% = 50% profit.

1 roll at 50% = 100% profit.

Ita basic maths people....

because people thought betting for small odds it would be more save than betting on high odds but i personally won't do that because it's just only wasting my time also gambling are based from our luck even though you start it from small odds but doesn't mean will automatically get profit and if you aren't lucky you will lost all your money even you start it from small odds

I would think that by doing so, you would just increase the chances of becoming addicted, since you're trying to maximize your play-time and taking more risks by doing so.
But then again, some people just want to have fun for a bit longer than just making 1 bet, and can do so without getting addicted.

hermanhs09

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Quote from: JasonXG on July 14, 2016, 05:39:45 AM

Why do people fool themselves when they gamble ? I hear many people many times say you should roll lots of 98% or 90% or whatever odds on dice.

That's a bad idea and way less profitable so why do people fool themselves into thinking its better to bet low odds.

Of you roll 50% or 5 rolls at 90% some people will tell you to do the 90% one. The chance is the same actually. You actually lose half your profit rolling at 90%

5rolls of 90% = 50% profit.

1 roll at 50% = 100% profit.

Ita basic maths people....

That is the reason i like to do big pets on 2x payout.
I have notice im really not lucky when i do 90% chance,but if i do 2x payout it is actually bigger chance that i wont hit the bet,but actually
sometimes it works,and i can win really big thanks to this.

quit_gambling_for_good

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As long you start to gamble, you already fool yourself, no matter what percentage you roll at, your money value has already gone down due to the house edge set by casino.

your $100 is not $100 anymore due to house edge, the best is do not gamble at all.

Quit gambling for good

Vhern

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Quote from: JasonXG on July 14, 2016, 05:39:45 AM

Why do people fool themselves when they gamble ? I hear many people many times say you should roll lots of 98% or 90% or whatever odds on dice.

That's a bad idea and way less profitable so why do people fool themselves into thinking its better to bet low odds.

Of you roll 50% or 5 rolls at 90% some people will tell you to do the 90% one. The chance is the same actually. You actually lose half your profit rolling at 90%

5rolls of 90% = 50% profit.

1 roll at 50% = 100% profit.

Ita basic maths people....

I think they are playing it safe however after I've read your proposal it looks good and convincing I will try to make roll that 47%

Ryan Dugan

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Quote from: kryptqnick on July 14, 2016, 05:58:11 AM

Quote from: JasonXG on July 14, 2016, 05:39:45 AM

Why do people fool themselves when they gamble ? I hear many people many times say you should roll lots of 98% or 90% or whatever odds on dice.

That's a bad idea and way less profitable so why do people fool themselves into thinking its better to bet low odds.

Of you roll 50% or 5 rolls at 90% some people will tell you to do the 90% one. The chance is the same actually. You actually lose half your profit rolling at 90%

5rolls of 90% = 50% profit.

1 roll at 50% = 100% profit.

Ita basic maths people....

I think you're wrong. 1 roll at 50% can make you lose 100%. Whereas 5 rolls on 90% can lead to win with a higher probability

This is wrong! 10% x5 = 50% and is 50% more than on 100% and what if you lose first time on 90% you risk all fpr 10% ? Rather risk all fpr double.

socks435

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Quote from: shanem on July 14, 2016, 10:04:56 AM

No matter what odds you select in a dice game, the house edge is still there.
Even if a select a very high chance of winning (>90%), one loss can wipe out your profits from 10 wins.

The reason why people select to bet at such low odds is they have a very high chance of winning than at standard 50% chance.

Yeah i tried already even high chances of winning it can be still lose all your deposit.. i thought that dice game can make streak winning profit but result is bad.. it can be still drain your balance..

crairezx20

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Quote from: arseaboy on July 14, 2016, 10:24:36 AM

Quote from: buddu on July 14, 2016, 10:20:22 AM

People fool themselves because they need reasons to remain in gambling. I also saw many people inclusive myself when lost some significant amount of money said will not play anymore. It was me later who convinced me made fool of me , that trying different way this time luck will work and all will be in my favor. We don't understand that we foolish ourselves but not to someone else.

I really feel you here sir hahaha, always saying that dice games was sucks and just wasting my time instead of doing trading but in the other side of my mind i'm still thinking how to win with the house carefully calculating the possible earnings or the possible bet that I need using martingale and avoid to lose again hahaha. for me that's fooling yourself already.

Honestly its better to trading and don't try again to play in dice game if you are looking for profit.. i tried dice game many times but never get any profit in dice game.. only promo given to me a profit when the primedice giving away 0.03 before..

Nahl

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Quote from: JasonXG on July 14, 2016, 05:39:45 AM

Why do people fool themselves when they gamble ? I hear many people many times say you should roll lots of 98% or 90% or whatever odds on dice.

That's a bad idea and way less profitable so why do people fool themselves into thinking its better to bet low odds.

Of you roll 50% or 5 rolls at 90% some people will tell you to do the 90% one. The chance is the same actually. You actually lose half your profit rolling at 90%

5rolls of 90% = 50% profit.

1 roll at 50% = 100% profit.

Ita basic maths people....

because people thought betting for small odds it would be more save than betting on high odds but i personally won't do that because it's just only wasting my time also gambling are based from our luck even though you start it from small odds but doesn't mean will automatically get profit and if you aren't lucky you will lost all your money even you start it from small odds

Topic: Why fool yourself ? - page 2. (Read 1703 times)