Post
Topic
Board Gambling
Re: 12% loses since joining satoshidice
by
iram3130
on 25/01/2017, 06:19:58 UTC
gambling always have risk, in the long run, the house edge will win over the players, this is maths, so the best way is to quit gambling  Smiley

Thanks but you might want to check again, I am betting as the house and the advantage is 1.9%, factoring that mathematically I am almost 14% at losses.

That is very suspicious to me. We all know that gambling is a risk but there will be a calculation behind all the gambling so when it is 1.9%, how can you lose 12+%?
I think you should report that to the Admins.

Statisticks works only with very big numbers. If you make hundreds  of millions of bets then you can expect to lose something around the house edge. Otherwise anything can happen. That's why some people are winning with gambling more than they "should" statistically, and some people are  losing more than they expect.

Yes, I agree. But over a period of time and a hundred of millions of bets it should be at least near to what they are showing as house edge.!! I always hear more n more people who lost in this site than gain. So was feeling suspicious.  Roll Eyes