Would you risk 10 BTC at 80% to get a 1.2x payout? - page 2.

klf

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Quote from: mrcash02 on May 28, 2017, 10:21:35 PM

Quote from: ufaiz50 on May 28, 2017, 10:13:49 PM

Quote from: jmigdlc99 on May 22, 2017, 10:16:36 AM

Would you risk 10 BTC at 80% to get a 1.2x payout? or even at 90% for a 1.1x?

Seems so easy to get a big payout. Just not quite sure if i can push the roll dice button tho.

But the easy money is so..

only people who are rich or have the mental strength who would to do that crazy thing. any small possibility can really happen in the dice and the profits are not worth the risk we get if lost and I don't would to throw 10 btc just for 2 btc. there are many other good ways which have little risk to earn profits

That is the point, only rich people will do it and if I were rich I would do too. With just one bet you can make a nice profit, it's a good profit on short term and if rich people lose, they can continue trying for more few bets until they achieve the profit, it's not difficult for them. It's not good if you take a lot of time to save an amount like 10 BTCs and waste all the money in one bet... So, it's all over.

Whether your rich or poor but risking 80% of your money for just 20% profit is foolishness that to going for bigger bets. Anther some time you may get few continuous losses even with 80% chance of winning that means after losing few of these bets then need to win many bets recover the losses. So it is not worth to go for higher bets but I will go with smaller bets to try my luck.

mrcash02

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Quote from: ufaiz50 on May 28, 2017, 10:13:49 PM

Quote from: jmigdlc99 on May 22, 2017, 10:16:36 AM

Would you risk 10 BTC at 80% to get a 1.2x payout? or even at 90% for a 1.1x?

Seems so easy to get a big payout. Just not quite sure if i can push the roll dice button tho.

But the easy money is so..

only people who are rich or have the mental strength who would to do that crazy thing. any small possibility can really happen in the dice and the profits are not worth the risk we get if lost and I don't would to throw 10 btc just for 2 btc. there are many other good ways which have little risk to earn profits

That is the point, only rich people will do it and if I were rich I would do too. With just one bet you can make a nice profit, it's a good profit on short term and if rich people lose, they can continue trying for more few bets until they achieve the profit, it's not difficult for them. It's not good if you take a lot of time to save an amount like 10 BTCs and waste all the money in one bet... So, it's all over.

ufaiz50

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Quote from: jmigdlc99 on May 22, 2017, 10:16:36 AM

Would you risk 10 BTC at 80% to get a 1.2x payout? or even at 90% for a 1.1x?

Seems so easy to get a big payout. Just not quite sure if i can push the roll dice button tho.

But the easy money is so..

only people who are rich or have the mental strength who would to do that crazy thing. any small possibility can really happen in the dice and the profits are not worth the risk we get if lost and I don't would to throw 10 btc just for 2 btc. there are many other good ways which have little risk to earn profits.

MinerHQ

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Quote from: NorrisK on May 26, 2017, 03:31:41 AM

I feel most of you are focusing too much on the 10 BTC part and too little on the 80% to get 1.2x payout part.

The real question imo is if you are willing to risk a certain amount at a 80% win chance to win a mere 1.2x

Whether is a 10BTC or less but one is risking 100% of money just to have a 20% profit is not good thinking. Becuase in gambling, there is no guaranty that with that 80% chance of winning one can win or not until they see the results. So I will not risk my money. But when I'm gambling for fun with a small amount then I will try all these methods to have fun but will not risk making a profit out of this kind of methods.

Amadues

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Hell no. If you have that amount just invest it somewhere else. You can use it on different purposes which ROI is more than 1.2X ratio odd.But in trading you need skill, experience,price reading techniques,money management. Blindly gambling with that amount will be stupid thing ever when considering todays bitcoin price. BTW i am trader and have experience more than 8 year in this field. Cool

michaelch

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It depends on the bankroll and what the purpose of gambling. For fun, probably not.

crwth

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Quote from: taxmanmt5 on May 27, 2017, 01:02:57 AM

Quote from: Noctis Connor on May 25, 2017, 02:33:46 PM

Quote from: roadbits on May 23, 2017, 08:44:20 AM

Quote from: Noctis Connor on May 23, 2017, 08:33:44 AM

Quote from: jmigdlc99 on May 22, 2017, 10:16:36 AM

Would you risk 10 BTC at 80% to get a 1.2x payout? or even at 90% for a 1.1x?

Seems so easy to get a big payout. Just not quite sure if i can push the roll dice button tho.

But the easy money is so..

Lol if you can't risk that huge amount then good luck for you no one will risk that even you say 80% of chance of winning there will be 20% chance of losing anyway. Lets say on your first bet maybe your unlucky and lose everything you will get suicide for sure loosing 10btc is like loosing millions already here in my country.

I think the mad people or fully gambling addicted people or rich people will take this risk. The normal gamblers never try this method. 10 BTC means do you think small amount it approximately $22500 how many days I have to work to earn this money. If we lose this money in a single bet, yes people will get suicide. I will not dare to bet 0.01 BTC in dice game because I know I will lose that amount.

If they are rich i think risking this kind of money is hard for them like there in casino and you need to all in you money because you trusted your self to will win the game. I will never risk this kind of huge money maybe 1 bitcoin is enough for me to gamble and try to double that in my best strategy and all i know in gambling.

Yes, Do the gamble with mind and not with heart. Why would anyone risk 10 BTC and what if he lose all those 10 BTC. Considering the current price of bitcoin it is a high money. I think one can bet with 0.5 or even 1 bitcoin and that is enough to get profit and risking too. The only exception to my advice is for those who has lots of bitcoins like 100+ and they dont mind losing a few of them Wink

Well, I could suggest that you should just keep all of them and be satisfied with what you have and be happy with it. It's hard knowing that you could just lose everything in one go or you are just going to be carefully gamble it, why not. It's your money and just see yourself that it's feasible.

taxmanmt5

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Quote from: Noctis Connor on May 25, 2017, 02:33:46 PM

Quote from: roadbits on May 23, 2017, 08:44:20 AM

Quote from: Noctis Connor on May 23, 2017, 08:33:44 AM

Quote from: jmigdlc99 on May 22, 2017, 10:16:36 AM

Would you risk 10 BTC at 80% to get a 1.2x payout? or even at 90% for a 1.1x?

Seems so easy to get a big payout. Just not quite sure if i can push the roll dice button tho.

But the easy money is so..

Lol if you can't risk that huge amount then good luck for you no one will risk that even you say 80% of chance of winning there will be 20% chance of losing anyway. Lets say on your first bet maybe your unlucky and lose everything you will get suicide for sure loosing 10btc is like loosing millions already here in my country.

I think the mad people or fully gambling addicted people or rich people will take this risk. The normal gamblers never try this method. 10 BTC means do you think small amount it approximately $22500 how many days I have to work to earn this money. If we lose this money in a single bet, yes people will get suicide. I will not dare to bet 0.01 BTC in dice game because I know I will lose that amount.

If they are rich i think risking this kind of money is hard for them like there in casino and you need to all in you money because you trusted your self to will win the game. I will never risk this kind of huge money maybe 1 bitcoin is enough for me to gamble and try to double that in my best strategy and all i know in gambling.

Yes, Do the gamble with mind and not with heart. Why would anyone risk 10 BTC and what if he lose all those 10 BTC. Considering the current price of bitcoin it is a high money. I think one can bet with 0.5 or even 1 bitcoin and that is enough to get profit and risking too. The only exception to my advice is for those who has lots of bitcoins like 100+ and they dont mind losing a few of them Wink

Shofiqul

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Quote from: FLoving on May 26, 2017, 02:31:43 PM

Quote from: Shofiqul on May 26, 2017, 02:16:12 PM

No i didn't. Because all selection of gambling are risky and have a chance to lose,and 10 BTC is not a joke.

If for gambling I will have 10 BTC then I will start a small local gambling site as for starting a local online casino these 10 bitcoins are enough and then I am sure that I will win more money with that investment and so I will not worry as investing for starting a casino is not a high risk.

Yes if you can play responsibly,thats ok . Wink

FLoving

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Quote from: Shofiqul on May 26, 2017, 02:16:12 PM

No i didn't. Because all selection of gambling are risky and have a chance to lose,and 10 BTC is not a joke.

If for gambling I will have 10 BTC then I will start a small local gambling site as for starting a local online casino these 10 bitcoins are enough and then I am sure that I will win more money with that investment and so I will not worry as investing for starting a casino is not a high risk.

Shofiqul

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No i didn't. Because all selection of gambling are risky and have a chance to lose,and 10 BTC is not a joke.

szpalata

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I don't think I'd be able to compose myself well enough for such a risk. It's just like risking $25,000 for a measly $2,500 and I know the rule of gambling is to gamble what you can afford to loose and at the moment I can do a lot with 10 bitcoins so it wouldn't be worth risking it for the eleventh (11th).

Kotone

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I will never risk 10 bitcoin i don't even had 1 bitcoin and risking that huge amount of bitcoin maybe only 0.5 bitcoin i can risk but that huge amount hell yeah it is like you already betting 1 million pesos just to get 10,000 pesos and if you lose ugh its time you to get suicide lmao try not to become greedy when it comes on gambling it just a gambling .

eternalgloom

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No, just no, not even if I had another 100 BTC set aside, it's just a really slippery slope when you start doing that.
It will work a couple of times, you'll get used to it and think that you cannot lose, you'll do it more often.

Then you start losing once, but okay, it's no problem, you'll just do it another couple of times just so you end up with a little bit of profit.
And that's when you'll lose some more, until all of your coins are gone.

I've seen this exact scenario play out more than once, seen people complain in chat on a gambling website asking for refunds because they lost like 100 Bitcoins and threatening to commit suicide n all.

poplolnman

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Quote from: BitMaxz on May 23, 2017, 06:10:00 PM

Quote from: poplolnman on May 23, 2017, 06:01:36 PM

Quote from: cryp24x on May 23, 2017, 04:46:56 PM

It is very tempting to win 2 btc in one roll but the idea of losing 10 BTC discourage me to do such kind of bet. Aside from that even though the chance of winning is 80%, there is no telling what would be the result of the roll since 20% is still a big percentage and might be the one to come up making you lose 10 BTC.

since house edge would work effectively in this kind bet , you would feel have a 49% chance to win and the rest of it are about lost. if you can afford to do that huge amount bet , why not put it on a better payout rates? it's super hurting really when you have to get a lost with that low multiplier. sounds like easy money , it's a wrong thought. it was easy way to make you get frustated.

I think it will be still depends if what site you are betting if you are betting on sports betting i think you have more chance to win in sports betting than if you go betting your 10 btc in dice game or slots don't expect that you can be easily win in dice game or slots. Expect that you can be lose all of them..
Like other said much better to withdraw them and get the benefits of the price increase or saving it maybe you can gain more profit just holding them because the price really increasing no dump happening this few days. .

i don't think so , based on my experience it's just the same when you do both for long term. i have done and compared it long time ago. the result are my bankroll got drained . that time you would really think to gamble so safe but it's doesn't mean like what op did place bet on high chance low payout, it's wrong in my opinion . the feeling when you lost it really really bad, you won't do that for the second time.

ubercool

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Quote from: (altair) on May 26, 2017, 03:41:04 AM

Nope I wouldn't do it won't risk to much money if I am going to gamble I would just do it with the amount that I could handle,
And 10 BTC to be put at a 1 round with 20% chance to lose even if it is 1% you could still lose it.

I would never ever do something like that, especially when the price of a BTC is more than 2000$. Its better to sell it and then gamble like anything. you will get tired or bored of it and then buy BTC again from the remaining money.

(altair)

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Nope I wouldn't do it won't risk to much money if I am going to gamble I would just do it with the amount that I could handle,
And 10 BTC to be put at a 1 round with 20% chance to lose even if it is 1% you could still lose it.

milewilda

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Quote from: NorrisK on May 26, 2017, 03:31:41 AM

I feel most of you are focusing too much on the 10 BTC part and too little on the 80% to get 1.2x payout part.

The real question imo is if you are willing to risk a certain amount at a 80% win chance to win a mere 1.2x

Thats the main question here on where people could really afford to bet up 10 btc on 80% chance of winning and i will bet most gamblers would really refuse on this one specially when we do know the value of each bitcoin as of now.One loss and all those bitcoins will vanished into thin air and be part of the gambling site owners pockets. hehe.With that amount i can buy lots of stuffs already and i cant afford to lose it all on a single bet.

NorrisK

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I feel most of you are focusing too much on the 10 BTC part and too little on the 80% to get 1.2x payout part.

The real question imo is if you are willing to risk a certain amount at a 80% win chance to win a mere 1.2x

arbitrage

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We forgot to presume that you are not rich and 10 BTC is nothing for you, the might this have some sense, else it is seek, stay away from such gambling's, with big bets. If you are passionate gambler then lower your bets and enjoy.
You just can't win this way, and this will be very disappointing end.

Topic: Would you risk 10 BTC at 80% to get a 1.2x payout? - page 2. (Read 3280 times)