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#61
General Discussion / Re: crypto
November 13, 2022, 05:25:50 PM
Here are some more fun facts from crypto land.

Sounds like some people are trying to get into a rowboat and escape with suitcases full of cash.

https://www.dailymail.co.uk/news/article-11422261/FTX-founder-holed-founder-chief-technology-officer-luxurious-Bahamas-resort.html
#62


A negative martingale will always show a profit if:

1. You are using Elon Musk's net worth for your bankroll.
2. The casino will allow an unlimited maximum bet

If you meet these two qualifications, please respond to this post.
#63
General Discussion / Re: crypto
October 19, 2022, 03:24:17 AM
Here is a CNBC documentary on stolen bitcoin you might find interesting.


https://www.youtube.com/watch?v=d6EXbQ6jqIM&ab_channel=CNBC
#66
General Discussion / Re: crypto
September 05, 2022, 09:03:24 PM
#67
AsymBacGuy / Re: Why bac could be beatable itlr
September 01, 2022, 11:52:41 PM
Asym......Sorry you got banned......most casinos will not fool around with you if you get really physically or verbally abusive.....unlessyou are a real big whale who bets and losses  $ millions.

Someone I know had too much to drink and was getting obnoxious and getting too familiar with a girl who was working at a small convenience store in the casino ( she wasn't even a 
dealer ) and she had enough so she called security and he was permanently banned.

It's best not to lose your temper or drink alcohol when in a casino....... people do crazy things when they are drunk.




#68
AsymBacGuy / Re: Why bac could be beatable itlr
September 01, 2022, 12:03:14 AM
If possible, can you explain why you were banned.........because of baccarat or other situations?
#69
There is another definition for drawdown mainly used by futures and stock traders....and that is how much of a decline in profits comes after a new bankroll ( trading capital ) high is reached.  You can also use this definition for any kind of gambling results.

For example, you have the following winning shoes:

+  $ 100
+  $ 200
+  $ 400

so now you have a new bankroll high of $ 700

Now the next 2 shoes are
- $50
-$100

So now your bankroll is $ 550 and you are in a  drawdown of $ -$150

Then the next 3 shoes are :

+ 200
+ $50
+ $100

So now your bankroll is $ 900  which is greater than your last bankroll high of $ 700 .......and a new drawdown will start when your losses will go below the $ 900 bankroll.

Now the next 2 shoes are

$ -50
$ -100

So now you are in a -$ 150 drawdown from the  previous bankroll high of $ 900 and you will be in a drawdown until you exceed the last bankroll high of $ $ 900 ....... and so on and so on.

Of course you will need all your shoe results recorded on a spreadsheet to calculate the drawdown along with numerous other important statistics.





.




#71
General Discussion / Re: crypto
August 03, 2022, 11:21:03 PM
#72
General Discussion / Re: crypto
August 02, 2022, 11:18:57 PM
More crypto nightmare stories:

https://www.cnbc.com/2022/08/02/hackers-drain-nearly-200-million-from-crypto-startup-nomad.html

Here are some really sad stories about investing in crypto.......especially the guy who put his entire life savings into crypto......never put your entire lifesavings in anything.....only put 1% of your life savings into something as unpredictable as crypto.

https://www.cnbc.com/2022/08/02/celsius-investors-owed-4point7-billion-beg-judge-to-recover-life-savings.html
#74
General Discussion / Re: crypto
July 13, 2022, 12:27:48 PM
#75
General Discussion / Re: crypto
July 10, 2022, 05:18:53 PM