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Showing 20 of 2,567 results by magicmexican
Post
Topic
Board Scam Accusations
Resolved
by
magicmexican
on 01/06/2017, 19:07:18 UTC
Update : resolved
Post
Topic
Board Gambling discussion
Topic OP
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by
magicmexican
on 09/05/2017, 18:05:15 UTC
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Post
Topic
Board Speculation
Topic OP
Game theory - Any reason for Huobi/OKcoin to not manipulate the price high?
by
magicmexican
on 01/01/2017, 09:10:00 UTC
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Post
Topic
Board Gambling discussion
Re: Is their any safe methods to gamble?
by
magicmexican
on 17/01/2016, 15:08:56 UTC
we cant guarantee that we will always win in gambling ,however when we win we must consider to control our emotions and not get too greedy so we can make a profit out of gambling.

I guess we are talking about typical casino games like dice&roulette in this context. Since, for example, in poker there is no need to "stop" because if you keep winning its usually linked with the fact that you are playing well and have the edge in the game (obviosly, not always, but most of the time). If you listen to the Phil Ivey's interviews, he always says that if he feels that he is playing bad, and losing, he can stop the session pretty much instantly, but if he plays well and keeps winning, he will not leave the table for hours, and even days.

In dice though, it depends what your initial goal was. If the goal of your session it to get some profit and locked it up - its obviously pretty retarded to keep pushing your luck. But a lot of people roll the dice for whole other reasons, and they wont stop just because they won something, its their choice too, and nothing wrong with that.
Post
Topic
Board Gambling discussion
Re: Is it profitable to invest in betting sites?
by
magicmexican
on 17/01/2016, 14:52:19 UTC
In theory, yes. Investing in a well reputable dice site, for example, should be +EV if you are near 100% that is has a sufficient bankroll to deal with swings, and will never just take off and run after first signs of trouble. Its still going to be a very low ROI investment, %-wise.

Making your own site is a whole different thing and is probably about 100x harder to achive, as it would require a ton more money to do so, not to mention gathering a competent group of people to work with.
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Topic
Board Gambling discussion
Re: Gambling can be profitable in the long run! It is possible!
by
magicmexican
on 07/01/2016, 20:36:58 UTC
I have stop using autobet on dice. always end up getting screwed without my knowledge. manual mode is much profitable but you need to control yourself specially on the Dice
neither manual nor autobet method can be profitable in my opinion

Thats not really opinion, its a fact. The only difference between manua and autobet is speed of losing your money.
gambling is created to make you fail and it can not be profitable in a long run

This is false though, all depends on which game we are talking about. Your are not always playing against the house, house can just position himself as a rake taker, and he would not care if you win or lose, therefore you can win by simply taking a money away from other players (and "sharing" profits with the house by giving them rake).

And in some cases, you are playing both against the house and other people (sport betting), and the house does not have the overwhelming advantage there. It has it, for sure, due to the margin, but its not unbeatable. After all, its just people who are setting the betting lines, they are not all knowing perfect beings with complete information about everything.
Post
Topic
Board Gambling discussion
Re: Dice game strategy?
by
magicmexican
on 07/01/2016, 19:06:45 UTC
The game dice, the game where you can lose a lot of money.
This game is not profitable if you are losing and losing. I am just happy if I play poker having a good fun and lose money than with dice is not that fun after all.

Not sure , my total profit from dice 16 BTC .

How does that contradicts anything in the quote? Implying that dice is profitable?

He is actually correct in everything - dice is a game designed to make money from 2 groups : 1) people who are stupid enough to believe in "systems" and "strategy 2) the ones with gambling addiction

Because if you some fun for exchange for your money, its way more reasonble to play something where you have a control over a game - being it poker or sport betting
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Topic
Board Gambling
Re: FORTUNEJACK.COM | No.1 for Cryptocurrency Gambling | Provably Fair | 3 BTC BONUS
by
magicmexican
on 07/01/2016, 19:02:44 UTC
There is absolutely no way that any "invenstigation" or security check takes (or should take) 10 business days. Its way more likely that they are stalling for time.
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Topic
Board Archival
Re: Do all casinos hold large wins for a few weeks for "fraud inspection"? (84 BTC)
by
magicmexican
on 07/01/2016, 18:43:46 UTC

Since it was such a large amount, FJ had to approve it, but within a couple days it was good to go, and I was very happy with it.


This should've been your first alarm bell. There is absolutely no reason for them to stall withdrawal for "a couple of days". What the actual fuck?

My first thought would be : insolvent, scam, dishonest.




Most btc books and casinos dont have a proper bankroll, and operate on the assumption that they will never face a big downswing. But when it happens - they stall, bring up the "fraud team", accuse you of cheating, etc.

Dont have any illusions - if they will decide that its more profitable for them to peace out with your coins and open a new site - they will do it INSTANTLY.
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Topic
Board Gambling discussion
Re: Gambling. Is It Wrong?
by
magicmexican
on 06/01/2016, 19:25:35 UTC
Yes it is wrong on a lot of levels.

When you go for the win you will see you will lose and that's not good.
So try gambling without money or avoid it all together.
I do not see the essence in gambling, when we play do not take the money, because basically gambling is about money hmm  Undecided

money, or anything of value, is essential to gambling, you cant "gamble without money" - that would be a fallacy, because just rolling a dice (or running a similiar chance-based event) without a wager and a prize is not gambling - its just, well, rolling a dice
Post
Topic
Board Speculation
Re: $400 will not survive the weekend
by
magicmexican
on 31/12/2015, 13:33:30 UTC
I am fairly sure that the price WILL stay above $400 this weekend. Is there a particular reason why it shouldn't? I can't see any. You are just hoping that the price will go down so you can buy yourself a few cheap coins before the price really start to rocket up. If you are dreaming about sub $300 prices, then good luck. Cheesy

I wouldnt be so sure, i can see it going to like 380$ pretty damn easy in a day or so. Sub 300? Probably not, but 350~ or so - decent chance.

Or it just could go full retard and blast to 480$ without any reason instead.
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Topic
Board Gambling discussion
Re: Is there a difference between buying shares in the stock exchange and gambling?
by
magicmexican
on 31/12/2015, 13:31:30 UTC
For buying shares ,as an investors, they should do the due diligent.
In gamble you should know how to control yourself.

Diligent work applies very well to sport betting (researching a team/player, etc) and poker (overall working on your game, putting tons of hours to studying various concepts)
Self-control is usefull and mandatory there as well, but its mostly useless in games like dice and roulette, where self control wont help you win, so you might as well go full-retard.
Post
Topic
Board Scam Accusations
Re: betcoin.tm is a scam site , cleared my account to 0, 2.88 BTC lost
by
magicmexican
on 30/12/2015, 18:20:27 UTC

basketball over 200, then bet again over 197 when odds change then bet again over 202 and so on... this also applies when live betting, I guess those were live bets right ? Those events are not mutually exclusive, I think you can only have one bet open.

What kind of bullshit rule is this? Any major solid bookie would absolutely laugh at absurdity of these "rules".
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Topic
Board Gambling discussion
Re: Everyone looses in the long run
by
magicmexican
on 30/12/2015, 14:10:42 UTC
You are actually true, no one will always win a gambling. Gambling can not be the main income of someone life, it should be just an additional income for someone

Absolutely can and is main incoming for a lot of poker players. The luck factor is pretty much nullified when you put 6+ hours a day grinding. Your weekly/monthly sample size becomes so big that its pretty much impossible to face a losing month, (if you are winning player obviously)
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Topic
Board Archival
Re: Looking for new players - BIG INSTANT Gifts inside :)
by
magicmexican
on 27/12/2015, 02:07:41 UTC
Friendly reminder to those registering: Just to play safe, please remember not use the same password you are using on bitcointalk or on other sites.
To OP: Any hint what your game is about, or when it will be live? Also, you should get an SSL certificate for your site before it is ready to launch.

Ye, my first thought that it is just a cheap phising attempt.


If they turn out to be legit, they should realize how sceptical this part of the forum is (for the good reason)
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Topic
Board Gambling discussion
Re: Can gambling be profitable in long term ?
by
magicmexican
on 26/12/2015, 20:24:35 UTC
Yes you can if the house edge is positive but your example doesnt exist in the world of gambling

Yes it does.

You can have the edge playing directly against the house - in the sport betting. The house operates with 3-5% margin there, but if your knowledge about sport/team/players is superior - its possible to have an edge in the longrun

Another example is poker, but there you are not directly playing against the house, house always wins there because it just takes the rake %. But you can still get a profit from weaker players.


Thats the reason why there are professional poker players and professional handicappers, but no "professional" dice players.
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Topic
Board Gambling discussion
Re: Can gambling be profitable in long term ?
by
magicmexican
on 26/12/2015, 18:33:58 UTC
Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm
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Topic
Board Gambling discussion
Re: Is there a difference between buying shares in the stock exchange and gambling?
by
magicmexican
on 26/12/2015, 18:26:59 UTC
there is a huge different in stock exchange n gamble. stock exchange is usually depends on what is their decision and you predict whether it will be positive or negative. by looking up at news, you can roughly predict better in outcome. whereby gamble is mainly depend on luck.

Thats only true is gambling also have negative EV (playing vs unbeatable house edge).

Thats, however, is not the case. So there is no much diffence, "buying shares" is literally the same gambling at the core of thigs - you are risking x amount of money to make a profit, because you like the odds that it will happen.
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Topic
Board Gambling discussion
Re: How to stay away from gambling? suggestions ?
by
magicmexican
on 26/12/2015, 18:22:49 UTC
follow religion, learn the way of balance in life. no need to actually become a follower, just learn good lessons from religions, they are pretty handy.

This is the worst advice i've ever seen tbh

I would recommend taking a basic, boring, bland math class that would explain why playing with negative house edge equals bleeding money. Maybe it finally make the rational part of your brain take over.
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Topic
Board Gambling discussion
Re: How to stay away from gambling? suggestions ?
by
magicmexican
on 04/12/2015, 23:02:14 UTC
Any suggestions are welcome  Smiley

Just stop pressing buttons on the internet, its not that hard