Dice game strategy? - page 78. | Bitcointalksearch.org

ranlo

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Quote from: Aemon on October 18, 2015, 09:51:41 PM

If you guys want to talk strategy look at Dooglus. I was reading some of the posts he was making. The guy is just good at math. He seems to understand what it takes to manipulate the expected value, although it won't be positive it gets it closer to 50%. Worth reading

The tl;dr to his math shows that if you bet 100% at 49.5%, you have a bigger EV than if you do a lot of smaller bets and martingale it.

Aemon

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Quote from: hua_hui on October 18, 2015, 10:15:48 PM

Quote from: Aemon on October 18, 2015, 09:51:41 PM

If you guys want to talk strategy look at Dooglus. I was reading some of the posts he was making. The guy is just good at math. He seems to understand what it takes to manipulate the expected value, although it won't be positive it gets it closer to 50%. Worth reading

possible to specific what post he made? well overall it is just knowing the method to calculate probability. if you go to high school, they should have taught you some skills, just that is also need some practice to fully understand it.

I'll find the post and link it to you. I understand basic probability, but to be able to find out the house edge versus expected value actually takes some skill. I'll let you know when I find it

hua_hui

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Quote from: Aemon on October 18, 2015, 09:51:41 PM

If you guys want to talk strategy look at Dooglus. I was reading some of the posts he was making. The guy is just good at math. He seems to understand what it takes to manipulate the expected value, although it won't be positive it gets it closer to 50%. Worth reading

possible to specific what post he made? well overall it is just knowing the method to calculate probability. if you go to high school, they should have taught you some skills, just that is also need some practice to fully understand it.

Aemon

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Activity: 308

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If you guys want to talk strategy look at Dooglus. I was reading some of the posts he was making. The guy is just good at math. He seems to understand what it takes to manipulate the expected value, although it won't be positive it gets it closer to 50%. Worth reading

wearepoor

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People are following many strategies while playing dice and many people are successful with that. Its good to bet the very minimum till you lose 2 bets in a row, then bet a small amount if lose that bet then continue to double down. Its working and many people are already trying and successfully following similar strategies.

sana9821

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i like to gamble only out of my luck i usually dont use any strategies as id does not help me to win anyways actually when i dont use it i get more money

Superhitech

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Quote from: lite on October 18, 2015, 11:49:23 AM

Quote from: pjsonowal on October 18, 2015, 11:23:08 AM

There are many dice game startegies like martingale and all... But uhshould have your own strategy... My basic strategy is to keep changing strategies after every target i set... And believe me or not i won around 0.06 btc without loosing any bet from 0.002 btc deposit

What strategy did you actually use to make 2 MBTC to 60 MBTC? martingale always fails. Undecided

Most strategies are some variation of martingale, I think OP is just lucky. Also, OP has stated that he changes strategies after each target he sets; he doesn't have a set strategy.

phibay

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Quote from: pjsonowal on October 18, 2015, 11:23:08 AM

There are many dice game startegies like martingale and all... But uhshould have your own strategy... My basic strategy is to keep changing strategies after every target i set... And believe me or not i won around 0.06 btc without loosing any bet from 0.002 btc deposit

wow you've managed to turn 0.002 btc to 0.06 without losing, i'm curious what's the chances of your rolls Huh

can you provide more details regarding to your strategy? the only thing that came to my mind is rolling 0.002 btc with 30x payout(so you didn't lose in any bet Grin

)

lite

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Quote from: pjsonowal on October 18, 2015, 11:23:08 AM

There are many dice game startegies like martingale and all... But uhshould have your own strategy... My basic strategy is to keep changing strategies after every target i set... And believe me or not i won around 0.06 btc without loosing any bet from 0.002 btc deposit

What strategy did you actually use to make 2 MBTC to 60 MBTC? martingale always fails. Undecided

Hugroll

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Quote from: pooya87 on October 18, 2015, 11:36:47 AM

playing dice sometimes gets depressing. because nothing works for it. there is no strategy when it comes to dice. you can use a lot of different strategies and play around with it but in the end none of them are going to work out for you.

i feel the same way, but not because its depressing i feel like its kinda boring because the winrate always 50%-houseedge/2. thats why i usually like to play poker Cheesy

pooya87

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playing dice sometimes gets depressing. because nothing works for it. there is no strategy when it comes to dice. you can use a lot of different strategies and play around with it but in the end none of them are going to work out for you.

pjsonowal

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There are many dice game startegies like martingale and all... But uhshould have your own strategy... My basic strategy is to keep changing strategies after every target i set... And believe me or not i won around 0.06 btc without loosing any bet from 0.002 btc deposit

dre1982

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Dannie on October 18, 2015, 10:49:49 AM

Quote from: ranlo on October 18, 2015, 12:14:11 AM

Technically speaking, you could even have a -1% house edge on dice and the house would still win long-term due to the max. bets and wins.

How? I mean, the player could make thousands or even millions of x2 bets at the same small amount (say, 0.0001 btc) and would win 50.5% of them in the long run assuming a -1% house edge. The max bet or max profit won't be an issue for flat betting.

Nice thoughts. Let's wait for a dice site which gonna try this.

Dannie

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Quote from: ranlo on October 18, 2015, 12:14:11 AM

Technically speaking, you could even have a -1% house edge on dice and the house would still win long-term due to the max. bets and wins.

How? I mean, the player could make thousands or even millions of x2 bets at the same small amount (say, 0.0001 btc) and would win 50.5% of them in the long run assuming a -1% house edge. The max bet or max profit won't be an issue for flat betting.

Inkvor

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Quote from: usairx on October 17, 2015, 09:23:13 PM

strategies are Gambler's fallacy, some people think they are special and odds do not apply to them.

nope majority of the people either dont want to get through the lectures or just dont know how the statistics work on dice sites.
i myself left dice after learning all about it on the forum

Pursuer

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Where is my ring of blades...

Quote from: ranlo on October 18, 2015, 12:14:11 AM

Quote from: kotwica666 on October 17, 2015, 08:33:34 PM

Quote from: jpouza on October 17, 2015, 07:25:31 PM

Quote from: Bardman on October 17, 2015, 07:39:42 AM

Why are you guys still debating this? You are always just posting the same thing over and over again when the answer is simple, i mean, i know you want to increase your post account but you could make it less obvious.

Gotcha, majority of posts here are motivated by sig camp.

Maybe like me Wink

but anyway my opinion is that dice games are risky.. Not all of them of course, but this thread should be warning for players. I have seen many times info about 0.1 edge or even nothing, but this business is still very young and here is a lot of "smart" guys who want to win fast ..

What i want to say is: NEVER play for more then you are ready to lost! Good luck!

Technically speaking, you could even have a -1% house edge on dice and the house would still win long-term due to the max. bets and wins.

yeah, I agree with this. i think house edge only changes your chance percent of winning on bets (50%-49.5%-49%-...) but there always going to be a small chance of losing so no matter in long term or short term you can lose in gambling.

ranlo

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Quote from: kotwica666 on October 17, 2015, 08:33:34 PM

Quote from: jpouza on October 17, 2015, 07:25:31 PM

Quote from: Bardman on October 17, 2015, 07:39:42 AM

Why are you guys still debating this? You are always just posting the same thing over and over again when the answer is simple, i mean, i know you want to increase your post account but you could make it less obvious.

Gotcha, majority of posts here are motivated by sig camp.

Maybe like me Wink

but anyway my opinion is that dice games are risky.. Not all of them of course, but this thread should be warning for players. I have seen many times info about 0.1 edge or even nothing, but this business is still very young and here is a lot of "smart" guys who want to win fast ..

What i want to say is: NEVER play for more then you are ready to lost! Good luck!

Technically speaking, you could even have a -1% house edge on dice and the house would still win long-term due to the max. bets and wins.

usairx

full member

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strategies are Gambler's fallacy, some people think they are special and odds do not apply to them.

MinerHQ

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Quote from: jpouza on October 17, 2015, 07:25:31 PM

Quote from: Bardman on October 17, 2015, 07:39:42 AM

Why are you guys still debating this? You are always just posting the same thing over and over again when the answer is simple, i mean, i know you want to increase your post account but you could make it less obvious.

Gotcha, majority of posts here are motivated by sig camp.

I think your post is also meant for signature campaign right? If thread creator thinks that he/she already got enough replies then they can lock the thread but if it is not done means members will suggest again and again.

kotwica666

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Activity: 2282

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Quote from: jpouza on October 17, 2015, 07:25:31 PM

Quote from: Bardman on October 17, 2015, 07:39:42 AM

Why are you guys still debating this? You are always just posting the same thing over and over again when the answer is simple, i mean, i know you want to increase your post account but you could make it less obvious.

Gotcha, majority of posts here are motivated by sig camp.

Maybe like me Wink

but anyway my opinion is that dice games are risky.. Not all of them of course, but this thread should be warning for players. I have seen many times info about 0.1 edge or even nothing, but this business is still very young and here is a lot of "smart" guys who want to win fast ..

What i want to say is: NEVER play for more then you are ready to lost! Good luck!

Topic: Dice game strategy? - page 78. (Read 97224 times)