Post
Topic
Board Beginners & Help
Re: New Bitcoin Casino On The Horizon!
by
dooglus
on 26/05/2013, 07:22:34 UTC
I am not going to argue with you buddy, you have been warned out of sheer generosity of our not wishing to see you lose your money unfairly, and disproven that your mathematical skills aren't up to par and anyone would think you work for bitZino the way you go on.  Roll Eyes

You've proven nothing.  I don't think you would even recognise a proof.  I support any site that offers provably fair gaming.  It's a great innovation and more sites should embrace the idea.

Quote
I don't how you came up with those odds, but they are incorrect as is your misplaced faith in someone who takes your belongings without any moral scruples and breaks US Federal Law in order to do so which should speak volumes in itself.  Embarrassed

These odds?

Losing 20 red/black bets in a row happens once every 615124 spins on average

I can try to explain it to you if you like.  If you bet on a colour, you lose with probability 19/37 (since there are 18 of the other colour and one zero that make you lose, making 19 losing numbers, out of 37 total numbers.  To get the probability of that happening 20 times in a row, you raise 19/37 to the 20'th power.  And to get the average number of spins for that to happen, you take the reciprocal of the probability:

Code:
>>> 1 / ((19/37)**20)
615123.7029410427

... or about 615124.

Quote
*Edit: I will say that if you think 3800BTC's is $380,000 you should go back to sophomore math class and start again!     Cheesy

I didn't say anything like that.  I quoted the reddit post where he said:

Quote
I lost ~1800 BTC (~$380,000 and depreciating quickly)

That implies a price of $211.11 per Bitcoin, which happened during the recent price correction.  I expect you misread what I quoted, reading 1800 BTC as 3800 BTC.

I'm sorry if you still don't understand how provable fairness works.  I've tried my best to explain it to you but you seem blinded by your mistrust of bitZino.  I guess we can just leave it at that.