Quote from: deisik on March 30, 2015, 11:43:15 AM

Quote from: XinXan on March 30, 2015, 11:16:19 AM

Quote from: deisik on March 30, 2015, 10:56:30 AM

Quote from: XinXan on March 30, 2015, 10:49:00 AM

Quote from: deisik on March 30, 2015, 10:46:26 AM

Quote from: futureofbitcoin on March 30, 2015, 09:26:41 AM

With the edge reversed, then the strategy is reversed, and you can essentially use the casino's strategy against them, and become the house yourself, in a sense.

But if the house bankroll by far exceeds that of the userbase, time limits set and max bets canceled, it follows that the house may win in the end with the house edge reversed, right?

If that was the case the only thing that would happen is that it would be slower to destroy the house bankroll, it would take more time but eventually they will lose everything, at least in theory since they have max bets they cant win much money either so the house bankroll doesnt change much if someone loses

I assume that in this case max bet limits will be canceled (as I wrote). My point is that, you can't have it both ways if we consider a casino as a player ("If the players have a huge bankroll, say infinite, then yes, theoretically there will be a time when you win enough times in a row to bankrupt the house")...

Depends how much btc you have, if you have 10 bitcoins and max bet is 0.1 you can lose 100 times more than wins to lose everything and its not probable to happen if the house edge is like that, even if it happens to someone it wont happen to the other 5 players and they will just profit infinitely over a long period of time and using bots to be able to bet all day with a 0.05% house edge negative it would take you obviously a lot of bets to be able to make some profit. Lets say you make a bet every 2 seconds, 30 bets per minute, 1800 bets per hour, 43.200 per day, if 5 players are doing it thats 216.000 bets per day, in 10 days you have 2.160.000 bets wich theoretically would have made 0.05% more wins that loses

I've always been reproached for writing long sentences hard to comprehend, but you've beaten me this time (and my understanding, by the way). One sentence on 5 lines, wtf?

Well xD, im sorry for that. See i used a dot there. What i was trying to say was that even with max bets you could just set up bots or have other players join you and beat the casino sooner or later. Even if you dont manage to destroy the whole bankroll you will still manage to get profit wich is what really matters.