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Topic: About Dice Games and Yolodice . Best strategy?? (Read 783 times)

legendary
Activity: 2352
Merit: 6089
bitcoindata.science
September 26, 2020, 12:14:29 AM
#67
someone necro bumped here... topic almost 2 years old.
As most people are not really chatting but replying to the OP i will just lock it.
legendary
Activity: 2618
Merit: 1105
Do you think a 1/2 stash bet is too high? Maybe something like 1/4 or 1/5 is safer, but the reward is low as well. What do you think about chance? Should I keep it higher than 90, or try something lower?

Keep your capital high, not your bets. They can be set low if you have a bigger capital and you can wait for your entire capital to grow to double. If you put 1/10th of your stash in a bet, then your profit per 1 successful bet (a bet that ended in profit) will be 0.1% each bet and each 100 successful bets (without any loss) will get you your 10% capital's double, and your entire capital's 1/10th in profits. But they all cannot be winning bets, or all the dice sites will go bankrupt some day.
legendary
Activity: 1890
Merit: 2995
LE ☮︎ Halving es la purga
I think many here leave everything to chance!
If you put the "win chance" in 99% do not expect profits, there they are estimated  lost, yes! You calculate losses, the majority always tend to calculate how much they will win, in any case, this intrinsic, calculate profits or losses, it is an estimated value that you should expect.

99% is only "smoke" if the size of the bet versus the return of profit or loss is not taken into account, with a factor of "payout" x1.01 this serves to win only "wagered," it is simple, do not expect profits when you should estimate a loss point. (at least in the short term)

The risk of losses here is very bad (99%) if you do not have a good bet vs bankroll ratio, now the incredible thing or the wrong thing for a newbie is to want with his last 1000 (any coins) say, "win chance" of 99 % and bets of 100; by the way, for those who like large numbers, it is simple to extrapolate.

Sure you know this, but let's review; Every time you bet 100 you win 1 but every time you lose it is 100, you put yourself in profit -99 and with 1.01 you need to win 99 times at the rate of that factor, how you recover by betting long and not short as perhaps you can believe.

BTW, in general rule for a player the losses are significant not for their size in individual value but in relation to your bankroll, it may seem that losing 64 bitcoin is a lot for a wagered, not if you have at least 6400 BTC.

But the "cherry on the cake" comes when that wagered gives you to improve a VIP level or win an additional prize, that is the plus you have to learn to manage.

Watch the parameters, and learn to know when you are going to "win or lose" understand it, losing is part of the game, do not ignore it, on the contrary, keep it in mind, those who are lucky win today, tomorrow, but in the long term they lose and that is where they appear the ones that come with their sad personal stories.

Have fun, let's not enact luck to win, there is, but there are numbers that help, concepts such as bankroll, bet size, odds, pot odds, variance, ROI and a great etc that apply to the world of gambling mainly, must be required reading sometime between bet and bet  Wink

Whoever wants to dedicate himself to the world of gambling, .

opps !! just fun? then don't waste time "x49" and 2% what should happen in 100 bets? You win 2 and lose 98.  Cheesy
Today, right now:


Source:https://wolf.bet/casino/dice
mode=autobet



legendary
Activity: 2982
Merit: 1280
Hire Bitcointalk Camp. Manager @ r7promotions.com
For me, betting on low odds and high multipliers works better, small bets chasing big multipliers is the right way to end with a decent profit. But the luck factor is really important, without luck doesn't matter what method are we using, we will bust in the long run.

But with the right luck, we only need one nice shot to hit the moon.

I agree, but this is kinda hard to achieve.  Those whose luck is mediocre oftentimes exhaust their bankroll even before hitting those big-time winnings.  Though I experience this kind of event when I hit a bet with a 990 multipliers, it never happens again lol.  And one thing we need to put in our mind, if ever we won a huge amount, always withdraw our winnings and just leave a small amount needed for our next gambling session.
legendary
Activity: 3304
Merit: 3094
For me, betting on low odds and high multipliers works better, small bets chasing big multipliers is the right way to end with a decent profit. But the luck factor is really important, without luck doesn't matter what method are we using, we will bust in the long run.

But with the right luck, we only need one nice shot to hit the moon.
sr. member
Activity: 1400
Merit: 269
Why not do arbitrage gambling, then bet 2 times, if the results are good then you stop, and then move to another platform, of courses reputable one then try betting 2 times 1/2 stash.
You just need, to figure out the pattern, of the winning streak then after consecutive winnings, you bet low until you start winning again. Also adjust the chance of winning to see, which provides best results.
legendary
Activity: 2464
Merit: 1943
Leading Crypto Sports Betting & Casino Platform
~

theres nothing to be curious if we always see that occur  to ours to other people  . 99 percent win is not a 100 percent win , theres that 1 percent chance that you will loose but 1 percent is verry small . they can be verry lucky in a way that they loose too often  .

 using 1 percent chance is more worst because the chance of you winning is verry tiny but if you got lucky you can win in a few rolls and you can win huge too for a small bet due to the high odds

It seems to me there is no point in talking about what is better and what is worse, since the result is always the same.
And winning a large amount of money on a bet with a large odds is also unrealistic, since your initial bet must be substantial. Maybe this is real if you guess two bets with a huge odds in a row and after the first win, bet all the won money. But the probability of such a gain is illusory.
sr. member
Activity: 1876
Merit: 318
I have a different strategy than most people, if we play games based on luck like dice. I always switch strategies after a few bets,
because my opinion that the luck of each strategy is different. It may sound silly, but for me is working. Because based on my experience
playing Dice games if you use the same strategy for a long time, will cause a long streak loss.
full member
Activity: 1638
Merit: 122

The most curios thing is that people always say: I bet with 99% chance of win and still lose once, twice or more in dice. What about to use 1% win of chance and bet this way? Less loss but chance of higher win if you increase bet on for example on every 30th bet.
~


theres nothing to be curious if we always see that occur  to ours to other people  . 99 percent win is not a 100 percent win , theres that 1 percent chance that you will loose but 1 percent is verry small . they can be verry lucky in a way that they loose too often  .

 using 1 percent chance is more worst because the chance of you winning is verry tiny but if you got lucky you can win in a few rolls and you can win huge too for a small bet due to the high odds
legendary
Activity: 2464
Merit: 1943
Leading Crypto Sports Betting & Casino Platform
The result will be the same, do not waste time (if you are doing this not for fun, but for the sake of winning).
I had a different experience and I chose even higher chances of winning - 99%. If I remember correctly, the bet was 100 satoshi, after the first defeat I increased the bet 100 times - 10,000 satoshi (to return the lost).It seems that the chance of losing both bets in a row is small, but on a large number of bets (I set the automatic game), the loss inevitably came.
The most curios thing is that people always say: I bet with 99% chance of win and still lose once, twice or more in dice. What about to use 1% win of chance and bet this way? Less loss but chance of higher win if you increase bet on for example on every 30th bet.
~

I've tried such strategies as well. In this case, the deposit is reduced according to a different algorithm, we can say that we see an endless sequence of steps: first a large group of steps down (we are talking about the amount of money on the deposit), then one big up, then again a large group of steps down, then one big up, etc. On average, the sum "height" of groups of small steps is slightly higher than the height of the step up, so the deposit gradually touches zero.
legendary
Activity: 2982
Merit: 1028
Even that 10% chance of losing is still risky since you said that you bet half of your stash so if a certain bet or roll that you made and that bet is one of the bad bets in that 10% chance of losing then you'll lose that amount and your profit will decrease of course. 1/2 stash is still high in my opinion and it's much better if you bet 1/4 or 1/8 if your capital is high.

Some people just like to bet with high risk. I agree that 10% is still rather high but for some it's acceptable. Some think if they risk big they might win big, so estimstion is individual and for some high risk makes more adrenaline and more satisfaction in playing.

   Bitbunny you are right, it all depends on individuals! While some people are willing to accept some level of risk, others are not.
Level of risk can be different, and different people will act differently. In this specific case I would not be comfortable risking
1/2 of my bankroll on any risk level! I would choose much less bet, on any odd! It means I would try x1.1 or x11, but I would
adjust my bet to my bankroll! Gambling is not all about luck, there's some strategy as well!
Bankroll management is very important whenever you are dealing with luck based gambling. With how op deal with it placing 50% of his entire bankroll, if he continously wins then quit he may have a decent earnings, like when he already hits 200% of his bankroll earnings that supposed to be the sign that he should take his rest and enjoy 😊.

Even how you design your strategy, if you don't know how to control yourself the chance of winning is slim.
hero member
Activity: 1288
Merit: 504
From all I can gather from OP and my knowledge of the game, it remains a game of luck as seen in the inconsistency in your method which is evident in it ending in a loss.
It might have been a technique or strategy if, on a scale of 1-10, the probability remained in the range of 7-10.
With that much rolls (#100) and still the ups and downs persist with the downs winning... It's a no!
hero member
Activity: 2296
Merit: 953
Temporary forum vacation
I am amazed you made 100 rolls at 90% but should you not be making 500% or more profit if you never busted in that time? I mean, you actually got really really lucky with variance,,, so you should have cut it off at that time;)

Of course it is a crazy strategy and you should go lower to last longer,,, but hey, end of the day everything works out to be the same with odds. I know someone who just deposits and does x100 in one shot. For me it is silly but it is his money:)
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
these games are based on luck, so whatever strategy you deem will give you the best returns, you still have no assurance that you will get what you are expecting from it!
 integrate the house edge, and your "calculations' will be off. so i suggest, with this type of game, just enjoy yourself playing because there's no mathematical equation that will resolve your winnings here. it may prolong your game but still this is based on luck so you cant escape your fate here. there are several strategies in dice games but it only works for certain period, not all the time you can rely on it. lets just admit to ourselves that we are in gambling here!
If the games are based on luck, I think he can still use a different strategy to see how big your chance to win. And if you see that the chance is not too small, then I think you can have time to win the games. But to be honest, when it's about gambling games based on luck, we will difficult to win many times because luck will not always be beside us. As long as you know when you must stop playing on those games, I think you can get your win money and minimize your losses.
sr. member
Activity: 1484
Merit: 276
Do you think a 1/2 stash bet is too high? Maybe something like 1/4 or 1/5 is safer, but the reward is low as well. What do you think about chance? Should I keep it higher than 90, or try something lower?
It is indeed too high. Risking your money in a very low return and high risk of losing your money isn't advisable at all. 10% can really screw your entire balance in just 2 bets. You better be playing at slightly higher multiplier like 1.4/1.5x. Lower your chance of winning at at least 70-60% and set a goal for a session don't get greedy. Playing with 90% odds is risky trust me, 2 lose bets and your balance is gone if you're playing in small budget.
legendary
Activity: 2338
Merit: 1354
90% means if you bet $1, you will get $1.1 if you win, right?
That 10% is still a risk if the dice rolls the other end where you don't expect it to roll. I know about small profits with big rolls but if they are going to give profits only, these sites will go bankrupt and so, at least one or two bad rolls come in surely. Putting half of your stash on each bet is too risky, and if you are a high roller on a site, you should not do more than 10% of your entire stash to save yourself from losing everything.
Indeed that 10% risk is still huge.  I have observed it several times.  Even with 98% win chance, you can never beat the casino because one need to win 50+ times to double the wagered amount and just need a single loss to bust it.  At the end, player still at the losing end because it is very seldom to have a 50+ winning streak.
(....)
If this strategy will be used. It's kinda the more you roll, the more risk you have or the more loss will you encounter.
There are also some gamblers who using martingale or custom martingale or reverse martingale, and some of them are using that strategy but their wage is different, like if they reach particular X wins or loss, some of their wager change or will reset.
But, risk is still there and you still can't guarantee you will earn a huge profits here.
hero member
Activity: 1918
Merit: 564
90% means if you bet $1, you will get $1.1 if you win, right?
That 10% is still a risk if the dice rolls the other end where you don't expect it to roll. I know about small profits with big rolls but if they are going to give profits only, these sites will go bankrupt and so, at least one or two bad rolls come in surely. Putting half of your stash on each bet is too risky, and if you are a high roller on a site, you should not do more than 10% of your entire stash to save yourself from losing everything.

Indeed that 10% risk is still huge.  I have observed it several times.  Even with 98% win chance, you can never beat the casino because one need to win 50+ times to double the wagered amount and just need a single loss to bust it.  At the end, player still at the losing end because it is very seldom to have a 50+ winning streak.

As of the strategy, it should adapt on the situation.  A player cannot rely on a single strategy because sooner or later it lose its effectiveness.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Even that 10% chance of losing is still risky since you said that you bet half of your stash so if a certain bet or roll that you made and that bet is one of the bad bets in that 10% chance of losing then you'll lose that amount and your profit will decrease of course. 1/2 stash is still high in my opinion and it's much better if you bet 1/4 or 1/8 if your capital is high.

Some people just like to bet with high risk. I agree that 10% is still rather high but for some it's acceptable. Some think if they risk big they might win big, so estimstion is individual and for some high risk makes more adrenaline and more satisfaction in playing.

   Bitbunny you are right, it all depends on individuals! While some people are willing to accept some level of risk, others are not.
Level of risk can be different, and different people will act differently. In this specific case I would not be comfortable risking
1/2 of my bankroll on any risk level! I would choose much less bet, on any odd! It means I would try x1.1 or x11, but I would
adjust my bet to my bankroll! Gambling is not all about luck, there's some strategy as well!

If you do want to prolong your game and want to enjoy for a bit then these strategies would really make it more longer since you are trying out your best to bet as minimal as possible.

We can really say that theres no holy grail when it comes to gambling but there are instances that using up some strategies can really make up a hit.

It might not be working forever but if your luck would accompanied such gameplay on a specific time then you would really had the possibility.

these games are based on luck, so whatever strategy you deem will give you the best returns, you still have no assurance that you will get what you are expecting from it!
 integrate the house edge, and your "calculations' will be off. so i suggest, with this type of game, just enjoy yourself playing because there's no mathematical equation that will resolve your winnings here. it may prolong your game but still this is based on luck so you cant escape your fate here. there are several strategies in dice games but it only works for certain period, not all the time you can rely on it. lets just admit to ourselves that we are in gambling here!
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
Hello,

I was playing Yolodice today, and I was trying to figure out an strategy to have the maximum profit and lowest risk possible.

There are some things you can control in the game:

-Bet Amount
-Chance to win


I set the chance to 90% and the bet amount to 1/2 my stash. Then I started rolling. I made more than 100 rolls lol

I made a 200% profit in 5 minutes. However, I made 2 bad bets, and lost almost all. (Terrible experience)
Then I was able to recover my previous profit with the same strategy... and then made a few bad bets and lost almost all again.

I sent some more money to recover my lost profit. I am far from it now, but I was thinking about those 2 parameters we can set.

Do you think a 1/2 stash bet is too high? Maybe something like 1/4 or 1/5 is safer, but the reward is low as well. What do you think about chance? Should I keep it higher than 90, or try something lower?

The result will be the same, do not waste time (if you are doing this not for fun, but for the sake of winning).
I had a different experience and I chose even higher chances of winning - 99%. If I remember correctly, the bet was 100 satoshi, after the first defeat I increased the bet 100 times - 10,000 satoshi (to return the lost).It seems that the chance of losing both bets in a row is small, but on a large number of bets (I set the automatic game), the loss inevitably came.
The most curios thing is that people always say: I bet with 99% chance of win and still lose once, twice or more in dice. What about to use 1% win of chance and bet this way? Less loss but chance of higher win if you increase bet on for example on every 30th bet.

Btw house edge is 1%, the max that you can do is to gain 49.5% chance of win but consider that casino has 50.5% chance. You can't beat numbers in math, 1+1=2. So on long term, your chances to win even decreases, it doesn't rise. As simple as it is.
hero member
Activity: 2968
Merit: 687
Even that 10% chance of losing is still risky since you said that you bet half of your stash so if a certain bet or roll that you made and that bet is one of the bad bets in that 10% chance of losing then you'll lose that amount and your profit will decrease of course. 1/2 stash is still high in my opinion and it's much better if you bet 1/4 or 1/8 if your capital is high.

Some people just like to bet with high risk. I agree that 10% is still rather high but for some it's acceptable. Some think if they risk big they might win big, so estimstion is individual and for some high risk makes more adrenaline and more satisfaction in playing.

   Bitbunny you are right, it all depends on individuals! While some people are willing to accept some level of risk, others are not.
Level of risk can be different, and different people will act differently. In this specific case I would not be comfortable risking
1/2 of my bankroll on any risk level! I would choose much less bet, on any odd! It means I would try x1.1 or x11, but I would
adjust my bet to my bankroll! Gambling is not all about luck, there's some strategy as well!

If you do want to prolong your game and want to enjoy for a bit then these strategies would really make it more longer since you are trying out your best to bet as minimal as possible.

We can really say that theres no holy grail when it comes to gambling but there are instances that using up some strategies can really make up a hit.

It might not be working forever but if your luck would accompanied such gameplay on a specific time then you would really had the possibility.
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