Crypto fans are used to a large variance in their portfolio values and returns. There's very little difference between speculating in cryptocurrencies and gambling from an absolute value perspective, the investment in both time and money often imply the stakes are high. I've gambled on every single Steem based site and my favourite dice-den to hang out is on https://www.steem-roller.com/#
Keep reading for contest details
Yes as a gambler and investor I am vouching for https://www.steem-roller.com/# why? Well not only does it have the best odds (1% house rake with only 10% or a total of 0.1% going to the developer), the best investment potential (you can invest in up to 90% of the house odds or more if you leverage at 99x!!!not recommended!!!) and the fastest bet times (off-chain, doesn't clog Steem), it also has a chat with people who care. Today I had a long talk while gambling with the Steem witness @klye and @ocd operator @acidyo while we proved our degeneracy gambling against the house which we were all heavily invested in and each other.
That's right, @acidyo and I almost bankrupted the house, it was mostly Acidyo's doing, he's a lucky individual that's for sure up 3k Steem, wtf!!! RIP investor @cowbay, but all-in-all it was a team effort. We went for the fun but stayed for the profit or err...entertainment. I've gambled hundreds of thousands of Steem across every site and I can tell you all, this is the best one by far. @klye of @steem-roller is there and he cares!
Now, Just in case you're wondering what's the deal with my post
https://www.steem-roller.com/# is down a whopping 4426 Steem off of 226k wagers in nearly 10.5 million bets, when the expected return should be plus 2260 Steem. So why? That's what this contest is about. Are Acidyo and I just incredibly lucky? Do you understand RNGs and probability? Most Steem based casinos are way up like @kryptogames, @epicdice etc. Why is Steem-roller down so much after so many bets? This is like the best site ever and players can invest in 90% in the house. Well, the rake is only 1%, that's 100% better than a 2% rake such as on Epicdice. I can math but if you can explain the probability of this variance like I'm 5? I'll give you 10 Steem as a tip on Steem-Roller!!!
See that, after a heavy losing streak something like 800 Steem, Acidyo tipped me 400 Steem back, thanks, I gotta a cat to feed! I returned the favour by making an epic bet to steal 210 back of the bankroll, shouldn't have done that! It's all fun and games when you can literally be 90% of the house, it's open to anyone, no KYC. *disclosure, I have some money invested in the house! But the house is almost broke because of us. So please explain why if you wish to have 10 Steem.
@stem yes this is math, I want to know the odds of the following happening when the house edge is 1%
This is not fixed, @klye is happy to explain if you don't believe it, and you can look at @acidyo's wallet. Tell me what are the odds that a house is off by 2.95% after 10.468 million bets with 226.8k Steem wagered? I will give you 10 Steem or 10 Steem worth of #STEM whatever you prefer, to the first person who can post the math so it is understandable, plus upvotes to everyone I see who comments here and logs onto https://www.steem-roller.com/# , yes I am invested! and I vote @klye as a witness!
@a0i, @abrockman, @access, @adzrobinson, @aellly, @aferrell, @alexworld, @allcapsonezero, @ano123, @awesomegames007, @backdm, @bafi, @balte, @beesteem, @bengdui, @bluesniper, @brasan, @brumest, @centering, @cgbartow, @champjus, @chetanpadliya, @chriz85, @clayford08, @coinchaos, @coolguy123, @cryptictruth, @cryptobro1991, @cryptoeera, @cryptoknight12, @cryptopassion, @dalz, @deadspace, @deanliu, @dera123, @dexter-st-jock, @dicetime, @diehard2k9, @donald.porter, @drfk, @duane.dos, @ekushya, @elementm, @emrebeyler, @equinor, @ervin-lemark, @etcmike, @felander, @flutterby29, @for91days, @gabbynhice, @gabrielvlad, @gduran, @georgeknowsall, @glastar, @hitmeasap, @hotasian, @ilcreativo, @infidel1258, @jason7282, @jassenessaj, @jinuking, @jiujitsu, @johhnnyturbo20,@kim0412, @kaniz, @khaledmreizeeq, @kimxinfo, @kingofgamer, @leoumesh, @lordgod, @lovemetouchme2, @lucasmj, @manusamlive, @mcenoramle, @mcoinz79, @meanbees, @mfblack, @mister-meeseeks, @nanadar, @nathen007, @navorn, @nee-k, @netaterra, @okean123, @oldtimer, @olegpussyking, @parceval, @pasie15, @pepperfoo, @piaristmonk, @primersion, @privatebank, @rawn, @rb17btc, @rb3coins, @rhanna10km, @rosatravels, @satoshibit, @sindong, @sourcemechanic, @ssm1810 @stabrowski, @starfighter, @steemitcuration, @steemit-legacies, @steemshiro, @stimp1024, @stokjockey, @sunit, @sunray, @superlotto, @supermeatboy, @taurusheat, @theb0red1, @thedarkhorse, @thegoliath, @themarkymark, @thomasgutierrez, @tombstone, @triplej, @tsnaks, @tunnaingwin, @ugos, @ultima-alianza, @vikisecrets, @walterjay, @wrecktangle27, @wylsacom, @xyzashu, @yangpankil27
Sorry in advance if you are offended that I tagged you if you are insulted and want to downvote me, go ahead make my day!
PS. I'm gonna upvote this post to the moon! Thanks for your comment, have a free upvote if it's not spam! ~100% powerup I support Steem and have never powered down!
@crypticat or @klye Would like to know can you deposit money without using blocktrades? The deposit link on the account takes you to blocktrades.
You can deposit Steem by transferring it to steem-rollerd and putting your user name as a memo. Not sure if you need an account on Steem-roller first.
OK that is better. Hate paying fees on free transactions. Thanks for the help.
TLDR;
Tell me what are the odds that a house is off by 2.95% after 10.468 million bets with 226.8k Steem wagered?Cool post @crypticat!
Anyone with questions about the site is free to ask me a question here or make an account on the site and ask in chat. :)
It depends on the distributions of the bets. Most of those 10.4 million bets are mictobets with tiny odds of payout meaning most bets have been a loss and the 1% isn't advantaged.
Posted using Partiko Android
Most of the bets have been dust (< 0.001 STEEM) you're right. :)
You can do better! Math isn't debatable, what are odds of this distribution?
I've answered it based on the info I have, but it won't be published until 00:03 GMT tomorrow.
Hello Boss @klye,
What are the minimum and maximum bet?
Posted using Partiko Android
0.00000001 STEEM is the minimum bet.. And maximum win is set by the amount invested and leverage so fluctuates.
Thanks Boss.
Posted using Partiko Android
Hello,
I calculate your odds:
https://steemit.com/gambling/@abitcoinskeptic/charity-helping-degenerate-gamblers-calculated-the-probability
Sadly, z value makes no sense. We need more data in the mean time, I suggest investors reduce leverage.
So far you are winning, I knew it was approaching 1/infinity, but yes a few lucky bets made that deviation even possible. Cowbay was running up the actual bets, I'm sure micro bets accounted for 99% or more of those. It changed significantly today when a certain someone had big losses. Was nice to be an investor for once, my investment went up 150% overnight!
EDIT: You win a 10 steem in upvotes!
I don't think anyone will top your post unless they are an expert at calculating expected value and if they do, I'll give them a 10 Steem upvote too.
Yup, if you remove the bets under 0.001 Steem, things will start to become normal. I mean it takes 10million 0.00000001 bets to reach 1 steem!
Posted using Partiko Android
much action on @steem-roller... seems like I’m missing out 😅💦
Posted using Partiko iOS
yes, you are, #noFOMO #reggaesteem ~= to #steem-roller
Can’t do it bro 🤢...
.
.
.
.
Not yet, 😉
Posted using Partiko iOS
@steem-rollerd is the deposit account. Steem-Roller.com beta is available with the link at the start of this sentence. The Alternative Alpha Client of Steem-Roller.com is available here.
All that is kl, pretty sure I’ve played there or visited the site before .
A bit busy with our tribe atm, gambling or investing in casinos is not an option. For example, I dumped about 1.5m GAMER tokens last week (at the low) simply to remove all casino tokens from my account.
Hence, I’ll be ‘missing out’ for a while; but thanks.
Regards bro
Posted using Partiko iOS
We don't mess around with tokens on Steem-Roller.com.. No hype shit like that.
We use only STEEM at this moment.
Take err easy captain!
Thanks for your 1004.48SP to team-cn ! Your post has earned 25% team-cn upvotes！
<3 @team-cn please visit https://www.steem-roller.com/# for more details ;)
I haven't spent much time pondering statistics- not consciously anyway. My hunch is - keep it simple and risk coming across that way (truth). So fool says 3 in 10. 30% Or one in just under three (I like fuzzy logic).
If true, let a more precise & calculating respondent take the prize.
Philosophical stuff- Sign of a genuine, sincere effort (free from weighty baggage, negative stuff)- almost invariably encounters - uncanny opposition, initial fails & / or setbacks where typically not expected. It's an observation. Just sayin.
edit- wow, I realized major mis placed decimal on that figure, lol oh well
So you must mean like 1/33 not one in three? There's no way it's a 33% chance
I've always been looking for a good place to gamble here in steem. I hope I finally found it.
By the way, is there available app for this?
Posted using Partiko Android
No phone app as of yet.. You may have better luck on a mobile if you can set it to "view desktop version".
Sorry for the lack of polished mobile support. Work in progress.
No need for sorry, thank you for the quick response.😊
Posted using Partiko Android
Well that is pretty fun and addicting. Thanks for the help @klye :)
No worries man. Glad to help when I can. :D
The odds should be that the house wins. I guess some players are getting lucky. I would have to say, I like a casino that is good for the players. Invest at your own risk ;)
Won't be doing any math here yet it's an interesting read. I'll try it out tomorrow. So ... thanks for the mention and goodnight.
thank you. I just mistaken the person.
Hi Aellly, can you math?
I am not good at mathematics.I prefer to paint. Your avatar is very similar to my friend. I almost recognized the wrong person. I'm really sorry.
Posted using Partiko Android
Cool, she's a pretty cat
wow.You guessed it.
Posted using Partiko Android
:)
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