Quote from: alquinte on February 02, 2014, 05:56:00 PM

Quote from: damnation on February 01, 2014, 08:54:11 PM

Quote from: drepteck on February 01, 2014, 08:05:47 PM

You want math? The probability of getting 15 reds in a row IF the casino wasn't rigged and gave a 50/50 split like it should would be 0.00030517578125% chance of happening.

This is gambler's logic.. the odd's are still the same at 50/50... Heads or tails... Black or Red... the coins/cards dont care if it was Heads' or red in the previous 100 flips/draws... Calculating the probability of a situation occurring is irrelevant to the fact that the only odds that matter are 50/50.

Found the link.. Please refer to:
http://en.wikipedia.org/wiki/Gambler%27s_fallacy

The most famous example of the gamblers fallacy occurred in a game of roulette at the Monte Carlo Casino on August 18, 1913,[5] when the ball fell in black 26 times in a row. This was an extremely uncommon occurrence, although no more nor less common than any of the other 67,108,863 sequences of 26 red or black. Gamblers lost millions of francs betting against black, reasoning incorrectly that the streak was causing an "imbalance" in the randomness of the wheel, and that it had to be followed by a long streak of red.[1]

Gambler's fallacy only applies in the moment for the next draw. If the question is if I flipped a coin 9 times and got heads, what is the chance the next flip is heads? The answer is 50%. If the question is if I flipped a coin 10 times what are the chances they all come up heads? The answer is not 50% because there is only 1 outcome which this is possible (HHHHHHHHHHH) but there are 2^10(1024) possible outcomes. So the probability of this is 1/1024. 15 times in a row becomes 1 / 32768. This is fairly unlikely.

They will not understand that.
Personally, I tried all the games that lottocoin offered.. just to see what it offers, what is the investment I keep in my coins.
After seeing how rigged lotwincasino is and how much is sustained by the dev, things started to smell and sold all my stash .. was it a good decision ? Until now yes, it was.. I bought a 6 cards R9 290 rig and it already produced back the lottocoin at the current value, still missing one or two days of mining.
Even if it will go to 200 Satoshi now, I will not regret.

Everything seemed sketchy to me that others were saying about this casino but the dev is against them instead of checking what is wrong .. which is so easy. At least if you see many complaints then take the lotwincasino out of main thread until further checking.
If rapidballs was rigged I would have said that here but it seems it's not (even if they give much smaller earnings than your chance to win, they will not state anything they will give 99.85 % return or something like that)

Afterall .. I see people here that have wrong views on how these games work. They probably think that if they play one ticket of 6/49 13.5 million times they have 100 % chance to win even if its not ... unlike if you play 13.5 million tickets in one game. Probability is not what you expect .. all of these can be mathematically calculated. Some people I know have been winning 5 numbers in 6/49 by using the numbers that have not been drawn in many previous draws ... Probability can teach you what you should expect from a game, so you will not throw yourself in that game and expect to win lots of money.
Same for playing bad games like the numbers 1,3,5,7,9,11. This seem to have the same mathematical chance to win as any other set of 6 numbers (for one draw yes, it has the same chance), but when you come and input other variables, like how many times some of these numbers are appearing in the last draws, coupled with the fact that you're having all odd numbers smaller than 25 in your draw .. and the fact that you're repeating this draw in all games, will not give you an edge in playing lottery. You would be better playing off random games generated by a computer or just give those coins to poor children on the street, at least you win karma.

The people that make money on sports betting on betfair.com.. they are not lucky. They are good at probability and they have a very fast mental computational/analytical speed. They make a living from that unlike the ones that always go and spend their money in vegas. Of course, some of the casino players will become big winners, but maybe that is one in 100 000 people. Chances...

Lottocoin SCAM COIN.