Why all crypto gambling sites that are "provably fair" will leave you penniless.

To start, I'd like to say this is my first post on steemit. An upvote would be much appreciated. :)

Dice sites claim that they are "provably fair" and a lot of times, they are not lying. The amount of computing power it would take to predict your next roll is practically unfathomable. The problem is, the odds are stacked against you from the get-go. You see, even sites that have a low house edge know that you're not going to stop when you are up on profit. They also know, because of probability, that your rolls will even out to 0 profit, eventually negative profit and finally bust.

There is a reason these sites are so profitable. Anyone can gather some cryptocurrency, modify an existing dice game (That is freely available) and get their site up and running with little research. I have used some of these sites, and one in particular offers a warning from its own users. They will not say it directly, but usual visitors don't stay there because they're continuously making money. Sure, sometimes you will make some money. But if you keep playing you will lose it all. That is a promise.

I've met one user who had lost 364 bitcoin since the site had opened, just 5 years earlier. He declined to comment.

That's an awful lot of moolah down the drain.

Please leave a comment if you have anything to add, or would just like to share your experience with sites of this nature.