Your lack of Vigilance is costing YOU - Wake up!

BTCevo

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Quote from: Fortify on December 31, 2017, 03:01:15 PM

Unless you are playing a (somewhat) skill based game like poker, you are guaranteed to lose long term at any "casino". They have operating costs and want to make a profit too, so you will only be able to beat the house short term - it's basic odds weighed against you.

Actually all of these profit things is depends on your luck but with some skill based games like poker may be you dont really need that because like its name, skill based games which is depends more than your skills than luck but it does not mean that you do not nees luck on playing poker because you need a good cards too to boost your winning. So I think to be a winner and getting profit on casino luck is everything

chris200x9

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Quote from: Fortify on December 31, 2017, 03:01:15 PM

Unless you are playing a (somewhat) skill based game like poker, you are guaranteed to lose long term at any "casino". They have operating costs and want to make a profit too, so you will only be able to beat the house short term - it's basic odds weighed against you.

I believe even in those skill-based games also you can't win every time you play those games because of there also you need some luck to support your skills. There are many people lost a lot of money in these poker games as well so no games will work in the long term in gambling but we may win once in awhile because of luck.

cancuncrypto

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Interesting read, thanks for throwing it in. Most people who play understand the risks of such things, and especially in cryptocurrencies this is more common to happen. But hopefully as more people become educated, things get better and more profitable Wink

Fortify

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Unless you are playing a (somewhat) skill based game like poker, you are guaranteed to lose long term at any "casino". They have operating costs and want to make a profit too, so you will only be able to beat the house short term - it's basic odds weighed against you.

Oilacris

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Quote from: omonuyak on December 29, 2017, 03:57:36 AM

In gambling as far as you are the one that choose bitween the high and low, you are hundreds percent responsible to the outcome of your decisions therefore, which one are you saying that they defraud you? All the fact you write in your articles might be truth but you should know that gambling companies are there to take all this odd against you.

As usual gambling site would really be blamed in the end of the day saying that they are not provably fair at all. This is why i dont really bother on how fair they are or they do really say the truth but one things for sure no matter how they would claimed such fairness we cant still be sure on whats behind.This is why i just followed up their reputation not totally caring about on how fair they are. As long there are lots of people playing then it would be considered fair for me. Grin

UsernameBitcoin

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Most sites these days offer provable fairness.

the proble is most people don't know what provable fairness is. If a company doesn't offer or advertise it, the uninformed is just in the dark. You don't normally go intoa casino and ask to prove it is fair.

Same goes for online casinos. The average user has no clue that it is even possible to prove fairness. So thanks for this thread hopefully it helps someone.

mOgliE

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Hmm... I don't know if you're aware of that Op but provable fairness isn't an obligation at all...
I don't know which website invented it to be honest. But it's actually a convention in dice sites and on some other gambling sites on BTC but for all online casinos there is nothing like provable fairness that is implemented most of the time.

I don't understand what you're trying to say, that casinos are bending the odds in their favor? No shit sherlock xD

BUK2016

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Op, gambling is a game of either you gain or loose your money and there is no two way about it for as you are in to make profit so also they are all in to make profit at your expense. If you are not ready to loose the gambling is not for you.

crzy

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Quote from: Nerman on December 28, 2017, 10:03:28 PM

Nice read!

But gambling is always not fair.
Odds are always in favor on the house what ever type of casino it is land-base or online.

Also i do not know any person who gamble that does not lose money, that is how gambling is you lose some you win some.

Definitely, gamblers should realize this one because in gambling loosing is very common. Don't gamble if you can't afford to loose money, and don't expect to always win. Personally I witnessed some people who are addict in gambling, and I feel sorry for them because they forgot to control their emotions.

DARKANGEL6415

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I think this is kind of misleading information or opinion however you want to call it. Most legitimate bitcoin casinos will use some kind of probably fair game system. Even casinos in Las Vegas or Atlantic city use some sort of mathematical formula for payout on physical slot machines. Now if you look at the article you posted you will notice how there is a way to check the system.

iluvbitcoins

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Freedom&Honor

Quote from: Aengus on December 29, 2017, 12:08:00 AM

End of the day, despite what everyone says, if a site is not provably fair you CANNOT prove they are fair.

It's such an easy implementation that I am happy for websites or software providers to contact me in regards to implementing. I have two people working with me & CGF exactly for that. And OP I replied to your PM, sorry about the delay.

How do you do this?
You never fill the box yourself (as a website) and make the user do it?

omonuyak

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In gambling as far as you are the one that choose bitween the high and low, you are hundreds percent responsible to the outcome of your decisions therefore, which one are you saying that they defraud you? All the fact you write in your articles might be truth but you should know that gambling companies are there to take all this odd against you.

Aengus

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Edward Miroslav

End of the day, despite what everyone says, if a site is not provably fair you CANNOT prove they are fair.

It's such an easy implementation that I am happy for websites or software providers to contact me in regards to implementing. I have two people working with me & CGF exactly for that. And OP I replied to your PM, sorry about the delay.

Nerman

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Nice read!

But gambling is always not fair.
Odds are always in favor on the house what ever type of casino it is land-base or online.

Also i do not know any person who gamble that does not lose money, that is how gambling is you lose some you win some.

SyGambler

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guess who's back

Quote from: MadZ on December 28, 2017, 08:42:30 PM

Quote from: SyGambler on December 28, 2017, 08:28:42 PM

not only bitcasino and bitstarz , even fiat sites have the same thing especially with slots providers
they aren't provably fair , I know that it doesn't make sense for a casino to cheat on a player but who knows this may actually be the case
so players should decide if they trust the site enough to play , cause even pokerstars have a game that's called spin n goes where you can turn 5$ to one million ( in a very rare situation of course ) it's not provably fair and they may be stealing some money but people trust them

in the future I doubt that we will see gambling as it's today , every gambling game should be provably fair

PokerStars was sold for $4.9 billion in 2014. It makes no sense for a company like that to try and scam for such a comparatively small amount as $1 million. They would be risking billions in equity by doing so. This is the same reason larger crypto-casinos should, if they're smart, not scam, since they can make much more money by selling the enterprise with a good reputation than scamming. Whether they are actually smart remains to be seen...

yeah they won't go for that but was just giving an example , it's a matter of trust
but all games should be provably fair even if the site is super trusted and even regulated , it's better for both sides

some sites can be trusted cause they have big names , but you can't be 100% sure that they aren't scamming you if they don't have provably fair system

MadZ

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Quote from: SyGambler on December 28, 2017, 08:28:42 PM

not only bitcasino and bitstarz , even fiat sites have the same thing especially with slots providers
they aren't provably fair , I know that it doesn't make sense for a casino to cheat on a player but who knows this may actually be the case
so players should decide if they trust the site enough to play , cause even pokerstars have a game that's called spin n goes where you can turn 5$ to one million ( in a very rare situation of course ) it's not provably fair and they may be stealing some money but people trust them

in the future I doubt that we will see gambling as it's today , every gambling game should be provably fair

PokerStars was sold for $4.9 billion in 2014. It makes no sense for a company like that to try and scam for such a comparatively small amount as $1 million. They would be risking billions in equity by doing so. This is the same reason larger crypto-casinos should, if they're smart, not scam, since they can make much more money by selling the enterprise with a good reputation than scamming. Whether they are actually smart remains to be seen...

SyGambler

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guess who's back

not only bitcasino and bitstarz , even fiat sites have the same thing especially with slots providers
they aren't provably fair , I know that it doesn't make sense for a casino to cheat on a player but who knows this may actually be the case
so players should decide if they trust the site enough to play , cause even pokerstars have a game that's called spin n goes where you can turn 5$ to one million ( in a very rare situation of course ) it's not provably fair and they may be stealing some money but people trust them

in the future I doubt that we will see gambling as it's today , every gambling game should be provably fair

adaseb

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This isn't usually an issue that the casino is "not provably fair" because there are many cases where the casino does provide "provably fair" type gambling but people lose money anyways and complain and start scam accusations.

This is no different than those people that stand outside of casinos, telling other gamblers not to gamble there because they lost all their money and were cheated. They usually end up being chased away by security or the police arive to take them away.

I am pretty sure most of the issues today are not because gamblers are cheated but the gamblers just don't know when to stop gambling.

LuanX3

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Quote from: Aengus on December 27, 2017, 07:03:59 PM

Quote from: michkima on December 27, 2017, 12:17:36 PM

Vigilance is still not the problem. Even if you are vigilant but do not know what to be vigilant about then there is no point. The fact is that people are not aware of what to look out for, heck for sure more than half of the people that try to gamble don't even know how the site is able to roll a random number (which is not actually random by the way, it is just simulating "randomness"). I do believe that in terms of the gambling sites, there should be some sort of centralized authority that would check the gambling sites if they are truly "provably fair". I know that people around here hate the word "centralized" but I believe this is a necessary evil.

You'd be surprised how unregulated online gaming is. It's sadly a very dark industry. It goes a lot deeper than just fairness, practices used to retain players & feed on addiction can be quite sad sometimes.

I think the original post should be reworded a bit, as the article is great but the discussion regarding it has been skewed.

I totally agree, there is indeed nowhere to go without someone that would help gamblers with identifying problematic gambling sites. There is really no way a newbie gambler could have known that he is being cheated on a gambling site he found just by googling "bitcoin gambling casino" or other similar imports. Someone really has to police the casinos around the internet to prevent people from falling victim to an unfair and cheating casino.

Panda Trump

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Quote from: linghuchong on December 27, 2017, 08:49:26 PM

You would better don’t do that, Do not gamble this is very dangerous

Can we stay on topic please? Everyone knows gambling is dangerous and this topic is there for people who understand the danger already and would like to look past that danger, into ways of enjoying their gambling lifestyle.

Quote from: investerS on December 28, 2017, 03:20:36 PM

All i know is that any gambling website where people lose often will certain lose patronage and fold up. There is no 100% sure way of knowing whether a site is provably fair or not.

Actually, there is a way to know whether a site is provably fair or not. If you read the article carefully, you'd find it. You obviously misunderstood the article, so try reading it again. I'm not even gonna dare wasting my time on explaining it to you.

Topic: Your lack of Vigilance is costing YOU - Wake up! (Read 394 times)