Looks like after grinding a -ev game for 31,600 games he was up around 600,000 with some 6-1 martingalish system.

He took this as solid proof that he was the first person to ever develop a betting system that was capable of overcoming the house edge.
With his system, he would be making 60-70 btc a year from RHaver.

Then he lost 47 in a row and his account went from almost BTC1 to 1 bit.  (which he turned into 7 before 0)

Can't blame himself, can't blame the house edge, gotta blame someone.

In the poker world we call these guys riggies.  They're everywhere.

Debating them should be done strictly for entertainment purposes only: http://forumserver.twoplustwo.com/28/internet-poker/great-poker-rigged-debate-collected-threads-edition-255990/

[clipped]

The dev team is only one guy x]

We now have 100 bit and 200 bit fee options for withdrawals

I though I had replied to that question via my phone's browser but I must have mis-tapped on something. It wouldn't push it out. It would wait in the very first place until it was solved. :-)

Here's the new picture:


The winning payment for the previous one will be sent in a few hours. Sorry for the delay on that.

With a margin of 1, you would lose 2.7% of your investment if someone has made a max bet and hit the highest multiple in the row.
With a margin of 5, you would lose 13.5% of your investment if someone has made a max bet and hit the highest multiple in the row.
With a margin of 0.25, you would lose 0.675% of your investment if someone has made a max bet and hit the highest multiple in the row.
In short, with a higher margin, you will have a higher risk and a higher potential profit/loss.

u r right
i didnt see that orders wasn't completed

thanks

Edit: which turns out to be exactly the same as what RHaver said just in a different way.
Eventually the number of past events will be so small when compared to infinity that the past events doesn't matter.

I think I will give this site a go as I advertise for them anyways.

They announced quite a while back now that they would not be paying out the frozen balance.

It would seem that way, but it's actually just convincing illusion. The median will converge back to 1.97, but it won't really help you be +EV. As an example, imagine you flip a coin 100 times, and 90% of them land on heads.  If you keep flipping the coin, eventually the amount of heads will be 50%. But that doesn't mean that tails is any more likely to come up =)

I really like the coin example, because people can look at a coin and see it has no memory of the past. What tends to really confuse people is more abstract things like "low game median". E.g. over the last 1000 games, let's say the median is bust was 1.9.  We know the median is going to trend back towards 1.97x -- so surely it's a good time to bet?

Wow, I never knew people did gambling live streams. I'm very surprised by it, as it doesn't sound like something many people would watch unless it was a huge whale betting. I might participate in the lottos you are running here. Why are they in this thread though? Does it somehow relate to the livestream?

to be frank and it should be clear that I asked the MP owner and not you. but in case you are one of the new MP owners I apologize and I will phrase my question for you

please confirm