Using Martingale is like playing Russian Roulette. Each time you pull the trigger and the gun doesn't go off you win a little bit. At the very least you want to use some statistical analysis or Monte Carlo simulations to figure how long you can go before the next play gives you N% chance of you wiping out your account. The smaller your starting bet and the bigger your account, the more empty chambers the the revolver has.
best example ever
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BoardGambling
Re: Bitcoin Video Casino -- New .0001 BTC Credit sizes! [UPDATED 12/04/2013]
by
Amun
on 08/12/2014, 22:21:03 UTC
Nice website, only heard about prc and seals before this one=O
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BoardGambling
Re: PLAYTIN - Casino Exchange Wallet Trading
by
Amun
on 08/12/2014, 21:19:31 UTC
Sad how some games die out here=/
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BoardGambling
Re: == OFFICIAL 2014 BITCOIN GAMBLING AWARDS == Vote for your favorite website!
by
Amun
on 08/12/2014, 18:22:42 UTC
aww I cant vote=(
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BoardGambling
Re: BalloonBit.com | Provably Fair | 1% House Edge | Original gambling game
by
Amun
on 05/12/2014, 14:02:58 UTC
yea i totally agree with him, you should be able to test it first=)
So I don't want to mention the casino I've been playing at and give it any bad publicity........but I have a few questions about how bitcoin casinos work as far as withdrawing goes. I've been playing at this casino for a little over a month consistently- every day. I love their software and I became a VIP betting pretty big (their maximum on most games). The manager there is very nice. So at first I lost almost 1 btc.........then I won 2.4 bitcoins and withdrew. It took around 24 hours for a withdrawal which I thought was long but I love their software. Then I lost a little over 5btc in a few weeks and stopped for a bit. Those were multiple deposits that totaled that. Then on black Friday they offered me a match bonus up to 2btc since I'm VIP. Anyway, I put in 2btc and played the 20 times requirement to earn the bonus. I ran it up to 8.7 bitc and attempted to take out 7.7 btc. After waiting 30 hours without getting my money........I got an e-mail from the manager saying:
"The maximum withdrawal you can do at one time is 5BTC. For wins larger than this we pay out the winnings in installments according to a schedule which we agree on together."
To me, that seemed crazy. It's one thing to have a maximum of 5 btc at one time (which I couldn't find a word of that policy on their site including FAQ's). The problem is that I'm supposed to wait on a installment plan or schedule for the other 2.7? That blew my mind. Is that the policy of most btc casinos? I bet sports big on Nitrogen and play big on Seals with Clubs. I don't have any problems withdrawing any amount and it's very fast. I honestly don't mind the 5 btc maximum if I can get my money in around 24 hours......then do another withdrawal of up to 5btc and get my money in another 24hours. That's fine with me. Any other installment plan or time schedule seems like bad business or they lack the funds. Am I being unreasonable? Maybe the casino stuff isn't for me........it's just for fun while I'm bored waiting for a poker game.
To update- as I was writing this I got my 5btc after 31 hours. Rather than taking out the other 2.7 and keeping 1 btc to play with.........I withdrew the entire 3.7 just now we'll see how long it takes. We never really worked out an installment plan so it might take awhile lol. Any comments appreciated.
All the dicing Sites I know dont have a max withdrawal but need to send from their cold storage, I dont see the reason why they would have a max, unless they try to scam you.
Hahahaha I gotta say, people get the craziest ideas of gambling=p I would not play it tbh it does not look like its gonna be that much fun, but I like that you came up with it=)
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BoardGambling
Re: Cloudbet.com - LIVE NBA BETTING | sportsbook and casino
by
Amun
on 25/11/2014, 14:54:06 UTC
I remember betting on this site when the wordcap was going
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BoardInvestor-based games
Re: Is there any such thing as a legitimate HYIP?
by
Amun
on 18/11/2014, 16:51:43 UTC
A HyIP is already a system that kinda scamms everyone :/