⚖️ Crypto Gambling Foundation ⚖️ - Fair Gambling For All

[tusandii]

But I do not accept that the advertised house edge is 0,5% and my Statistics state that I lost 4,6% of the bets placed!

I think you can lose more than that even without the house edge, you can simulate a dice with a 50/50 chance of winnings and see that the percentage result won't be 0% loss.  Gambling is random and each roll is independent of the other.  So with a house edge of 0.5%, it does not mean that you will only have an accumulated loss of 0.5%.  Losses will accumulate and will start to grow as you play.  The longer you play the bigger the discrepancy between the house edge and the percentage loss.

Do you believe what he said buddy?
So far I've looked at all the arguments and none of them make any sense that it's actually real.
Instead, I think that what he said was lies or nonsense which only provoked prolonged debate and disputes.
Previously he had asked me and I answered and explained everything about the license which was clearly stated and became concrete evidence but in the end he ignored it and then made another review which caused another debate.

[BlackyJacky]

While I was playing Stake's in-house Black Jack and got scammed, Stake referred to the dead Crypto Gambling Foundation as proof that it is provably fair!

https://ibb.co/GFsGZRq

[TwitchySeal]

While I was playing Stake's in-house Black Jack and got scammed, Stake referred to the dead Crypto Gambling Foundation as proof that it is provably fair!

https://ibb.co/GFsGZRq

You didn't get scammed, you're just an idiot that sucks at math and lacks the character to admit you were wrong.

[TwitchySeal]

My calculation is 100% correct:

0,5% house edge means that I win 49.75% of all bets placed and lose 50.25% of all bets placed.

Yes that's just not the calculation for black jack.  Here's the calculation for blackjack with very similar rules as stake, and an even lower house edge (.28%)


https://wizardofodds.com/ask-the-wizard/blackjack/probability/

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).

You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

My Stake Statistics: https://ibb.co/Hxf8NpR


But if 6,6% hands lost = 0,28% house edge, then only 4,6% hands lost means I experienced a 1,72% player edge.

(losing only 4,6% of the hands instead of 6,6% = 2% experienced player edge - 0,28% house edge = 1,72% experienced player edge).

1,72% player edge while 9,5 million USD wagered means 163,000 USD win, but I lost 30,000 USD.


If "Bets" = Hands as you claim, then Stake scammed me for 193,000 USD (163,000 USD should win + 30,000 USD lost)!

If "Bets" are Bets, then Stake scammed me for 389,500 USD (4,1% of 9,5 million USD wagered)!


Either way, Stake scammed me!

You didn't only play blackjack.

[TwitchySeal]

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).
You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

No.  Jesus Christ.  

Stop trying to calculate your ROI based on just the total hands won lost and tied.  It's not possible.  The amount of money you win or lose each hand varies.  can1win2?  Yes!  If you're dealt a black jack and the dealer isn't 1 wins 2!  There's also splits and doubles.

And I linked you directly to the website of a literal mathematician and probably the most respected one in the world when it comes to gambling based games.  Unlike you, I don't just pull numbers out of my ass.

If you want to know your ROI, email support and ask for your accounts results life time.

You didn't only play blackjack.

I played only Black Jack.

I think you're full of shit and during the past 2 years and 140,000+ bets you did not only play blackjack.

[TwitchySeal]

@TwitchySeal

Can you post your nonsense shit and blatant lies somewhere else?

I clearly explained that Stake scammed me either way:

You claim Hands Win 42,4% and Loss 49% = 0,28% house edge = 6,6% hands lost (Loss 49% minus Win 42,4%).

You claim "Bets" = Hands in my Stake Statistics = Stake states I lost 4,6% of my hands.

My Stake Statistics: https://ibb.co/Hxf8NpR


But if 6,6% hands lost = 0,28% house edge, then only 4,6% hands lost means I experienced a 1,72% player edge.

(losing only 4,6% of the hands instead of 6,6% = 2% experienced player edge - 0,28% house edge = 1,72% experienced player edge).

1,72% player edge while 9,5 million USD wagered means 163,000 USD win, but I lost 30,000 USD.


If "Bets" = Hands as you claim, then Stake scammed me for 193,000 USD (163,000 USD should win + 30,000 USD lost)!

If "Bets" are Bets, then Stake scammed me for 389,500 USD (4,1% of 9,5 million USD wagered)!

In blackjack, the amount you win or lose each hand varies, so trying to calculate your overall results based on only the number of hands you won or lost is impossible.

Also, I'm guessing that over two years and 100k + hands of black jack, you did not bet the exact same amount every single hand.  So even if you only played black jack (you didn't) and black jack only ever resulted in a tie, losing your initial wager or profiting your initial wager (it doesn't) then your math still wouldn't work.

If you want to know your ROI, email support and ask for your accounts results life time.

[TwitchySeal]

ROI = return on investment

I did not invest in Stake and played their in-house Black Jack for fun.

Though the fun ended when I realised that they scammed me!

I asked complaints@stake.com to send my daily overview of the games of chance played, the number of times each game has been played, the bets made and the prize money achieved, but they do not deliver!

Your email probably didn't make any sense.
Do you act like an idiot for fun?  If not, you should invest some time into educating yourself on basic math concepts like ROI. (hint: the house edge is the casinos theoretical ROI)

[TwitchySeal]

The difference between money spent and money coming in = ROI

No, that's just your net result.  It's how much you won or lost.

ROI is a percentage, not an amount of money.  It's your net result divided by how much you wagered.

So if you wagered $1,000, and won $900 your net would be -$100 and your ROI would be -0.1 or -10%

If you wagered $1,000 and won $1,500 your net would be $500 and your ROI would be 0.5 or 50%


It's not possible to determine your net result without knowing how much you won.  And it's not possible to calculate your ROI without knowing your net result.

Since the stats stake gives you access to only shows how much you wagered (based on the current value of each crypto, not based on the value at the time the bet was made) and how many bets you made/won/lost, but not how much money you won, you can't calculate your net result.  Without your net result, you can't calculate your ROI.  So stop trying.  It's not possible. 

[TwitchySeal]

If you consider my Black Jack playing activity as an investment (LOL), then I "invested" 30,000 USD and lost 30,000 USD and my ROI is -100%

Wow you really are clueless.  I honestly thought you were mostly trolling and just kind of dumb.

Go back and read my explanation slowly.

If we know you're down $30,000, and we know you wagered $9,500,000, then we can calculate your ROI inclusive of all bonuses (rakeback, level up, weekly, monthly, etc)

You wagered 9,500,000 , and your return was 9,470,000 (for a net result of -30,000), then your overall ROI is -0.31%, which is in line with what you would expect considering Stake generally gives back around .5 to 1% of the house edge, meaning you got around $75k in bonuses and actually lost closer to $100k playing blackjack.

[tusandii]

-snip-

I informed you that the 8048/JAZ license Stake claims to operate under is not valid for crypto currencies!

What do you mean the 8048/JAZ license is not valid for cryptocurrency operations?
Actually you don't have much knowledge and insight to make inconsequential questions and reviews?
Study first, friend and deepen your experience so that you can comment using the truth so that what you say is not just words that are not of good quality.
You yourself have negative beliefs about accusing the casino and talking or arguing nonsense so why are you asking things you don't really know yourself.
I have read all your posts and they are all Bulshit.

[Alisha-k]

Announcing the Crypto Gambling Foundation

The Crypto Gaming Foundation is going to be setting a standard for transparency and fairness in our gaming community. Online casinos are amongst the least trusted businesses in the world with only 34% of people believing that online gambling is fair and can be trusted.

Personally, I remember when this community was much smaller and websites with poor fairness and dishonest practices were shunned. It worries me that crypto gambling is becoming more and more similar to real money gambling with some of the top crypto casinos regularly taking advantage of players with abusive practices.

Because of this I am happy to join and help this group encourage fair gambling in this space. Check it out, browse our articles and join the forum. Membership is of course free.  

Main Site: http://cryptogambling.org      Forum: http://forum.cryptogambling.org/

this is really inciting op, very nice progress and project, looking forward to a bigger platform with higher opportunities. Cheers

[TwitchySeal]

Why do Bijan and Edward ignore their "provably fair" thread?

With 1% house edge how much do you think you should expect to lose after wagering $9.5m?



(blackyjacky lost $30k, wagered $9.5m, thinks they scammed him because he doesn't know how to do basic math)

[TwitchySeal]

Why do Bijan and Edward ignore their "provably fair" thread?

With 1% house edge how much do you think you should expect to lose after wagering $9.5m?

Your question is not related to my situation, so I suggest to ask somewhere else where it could be relevant.

My advertised house edge is 0,5% and with all Stake gives back 0%.

House edge means the amount the house expects to win from you.  It doesn't mean they're going to give you anything back.

If the house edge is 0.5%, that means on average, the house profits 0.5% of every wager.  Of course there's variance involved.

So if you wagered $9,500,000 and the house edge is 0.5% you can figure out your expected losses by calculating what 0.5% of $9,500,000 is.

Do you know how to do that?

Here's a trick, just type "what is 0.5% of 9500000" into google.

The answer is 47500.

So, on average, a player that wageres $9,500,000 on a game with a house edge of 0.5% will lose $47,500.

Of course there's also bonuses and stuff, which explains why you only lost $30,000 - which is less than the advertised house edge.

[theskillzdatklls]

How much should I lose if the advertised house edge is 0,5% and Stake gives back 0,5 to 1% of the wagered amount?

You wagered 9,500,000 , and your return was 9,470,000 (for a net result of -30,000), then your overall ROI is -0.31%, which is in line with what you would expect considering Stake generally gives back around .5 to 1% of the house edge, meaning you got around $75k in bonuses and actually lost closer to $100k playing blackjack.

Even if that were true, that doesn't take into account that luck is a factor.

If we flip a coin at 0% house edge for $1000 and I win, you are down $1000 even though the house edge is 0%.

But it's also possible there are problems with your math.

Did you reveal the server seeds if you were playing on Provably Fair games? If you did, and everything checks out, I'm not sure what you're complaining about.

If you played games that were not Provably Fair, then you're just asking for trouble.

[tusandii]

You false and misleading claim that I think I was scammed, which is nonsense because I 100% sure know that Stake scammed me:

From all your statements here when I read only have the point that you are always being deceived by Stake.com.
Actually, what problem do you have with a trusted gambling site that is already big like Stake.com?
If I learn everything you say is just a stupid narrative that is not proven true.
Try to post here at least some evidence like a screenshot that you are indeed playing on Stake.com and feel at a loss.

If what you say is true, you should be able to provide some evidence, right?

But if you speak without any evidence then it is clear that you are someone who is trying to damage the reputation of Stake.com by providing so many weightless narratives.
Stop giving a false statement if you don't want to get into trouble in the future, friend.

[TwitchySeal]

Can you tell me how much I should lose if the advertised house edge is 0,5% and Stake gives back 0,5% of the wagered amount?

Your bonuses usually total around half of the house edge.  Obviously there's no set formula that we know of though.  But let's assume you were getting half of the house edge, which would come out to 0.25% of the total wagered.

If you wagered $9,500,000 and played only black jack (you played other games also, but this is just an example) with perfect strategy (unlikely considering the difficulty you have with very basic math), then you would lose $47,500 and receive $23,750 in bonuses which would make you overall down $23,750.

Of course it's unlikely you would end up on that exact number.  The range of possible outcomes would depend on your bet sizing.  The smaller the average bet, as well as the smaller the maximum bet, the smaller the range.

Remember, the house edge means the edge is in favor of the house.  Not the house you live in, "house" is just a term we use for the casino.  The house edge favors the casino, not the player.  Whatever the house edge is, multiply it by an amount you wagered, and that's what your theoretical value it.

[TwitchySeal]

Can you tell me how much I should lose if the advertised house edge is 0,5% and Stake gives back 0,5% of the wagered amount?

Your bonuses usually total around half of the house edge.  Obviously there's no set formula that we know of though.  But let's assume you were getting half of the house edge, which would come out to 0.25% of the total wagered.

Your assumption is not related to my situation, so I suggest to post it somewhere else where it could be relevant.

Stake gave me back around 0,5% of the wagered amount.

The fact is, a few tenths of a percent either way, which is what your $30k loss equates to, can easily be attributed to variance.  Variance is what makes gambling gambling.  If you were guaranteed to lose exactly 0.5% then you would be guaranteed a 0% chance of winning, and that wouldn't be fun at all, would it?

You've presented literally zero evidence of anything even remotely shady after dozens and dozens of posts.

You wagered almost $1 million.

You lost $30k

Your ROI was negative 0.3%

The only thing you're a victim of is your own stupidity.  Get over it.

[tusandii]

-snip-

What do you mean by proof?
That's not a proper hill.
If you have been in the gambling industry for a long time and have a lot of experience then you wouldn't talk about Stake.com casino being cheating just because you lost playing there.
From everything you say here there is no truth and everyone knows that you are just boasting and speaking without using logic.
If you don't want to experience losses and defeats from gambling, then don't gamble, but become a dealer, so victory will always be yours.

License you say?
Previously I explained to you about the license used by Stake.com, is it still not clear?
Expand your experience and insight in the gambling industry first before throwing absurd narratives like this.

[TwitchySeal]

PROOF OF THE SCAM

https://ibb.co/Hxf8NpR

4.6% of the bets lost after 180,000 bets while the advertised house edge is 0,5%!

You're only proving what an idiot you are.

When you play one round of black jack, which is what the stats refer to as a "bet", these are the probabilities  for each of the three possible outcomes:


(they will vary slightly depending on the rules being used)

As you can see, you are significantly more likely to lose than to win.  This is due to two factors:

A) The house edge
B) Your average win is slightly more than your average loss since blackjack pay out 3-2, not even money.

B is the one you keep ignoring.  Stop ignoring it.  Better odds when you win = you will win less often.

[TwitchySeal]

License you say?
Previously I explained to you about the license used by Stake.com, is it still not clear?
Expand your experience and insight in the gambling industry first before throwing absurd narratives like this.

The license you explained is not valid for crypto currencies!

@ tusandii

Please ask your employer to show their license to operate a crypto currency online casino?

Why do not you ask?

Are you covering up your employer?

Can you show me some sort of evidence that Curacao prohibits sites that it licensed from operating with crypto?   Because that would be weird considering theyve licensed so many crypto casinos.

Oh wait here you go:

Cryptocurrency is not (yet) regulated in Curaçao and is therefore not prohibited. However, the new legislation will include a clause to allow cryptocurrency exchange until Curaçao’s expected regulation on ‘crypto’ enters into force.

https://the-emgroup.com/updates-on-the-modernization-of-the-curacao-online-gaming-legislation/#:~:text=Cryptocurrency%20is%20not%20(yet)%20regulated,'crypto'%20enters%20into%20force.


You'll have to wait for the regulator to regulate crypto to see the crypto license.