Dice Stettings at 92% Chance | Bitcointalksearch.org

buyinbtc

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Quote from: Harry Callahan on April 13, 2017, 04:36:04 PM

Quote from: buyinbtc on April 13, 2017, 01:09:35 PM

I don't think that it ill work, as dice rolls are luck based, so there are no strategy at all, you just have to be lucky to win. Just because you tired it few times and won small amount, it doesn't mean that you will win that in future too. Used this high chance you earn tiny profit, but if you lose you lose a lot, and it takes many wins to win back what you lost, while sometimes you get 2 or even 3 loses in row.

That is indeed the fact as you wont be winning with a single trick for too long and it all depends on how lucky you are,there are times when you can win a couple of bitcoin in a short amount of period and then there are times when you loose the coins in a short amount of time and 92% chances are more risky according to me as more you play the chances of busting are more.

Many people use martingale strategy in dice games, and chance to lose there is 0.1% Or even less, depends on what bet gambler makes every roll. And point is, that people lose even with chance as low as that, so i'm not surprised at all that people can lose with 8% chance. If they think there are some kind of strategy they just should bet all of their bitcoins on 50/50 and they will see they won or not, this way they will save time

RoommateAgreement

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Bazinga!

Quote from: RoommateAgreement on April 10, 2017, 11:42:58 PM

i mostly try the reverse strategy meaning i have about a 92% chance of losing and 8% chance of win or a bit higher sometimes. and that way i can bet with faucet and if i get lucky i can earn a good amount of bitcoin and then move on from there.

although this strategy of yours seems to take it one step further. although i can't find any logic of why you should win after a loss but i think i will give it a try and then report back here. maybe i win something good.

i came back to report:
i tried the strategy and it works and it seems like it is working well enough. i have made some bets with this strategy and also won when i was supposed to win.

but i have to say i have a bad feeling that this is one of those strategies that is working until it doesn't Cheesy

which means i probably won't use this much because i am afraid of losing big.

poplolnman

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Quote from: bbc.reporter on April 11, 2017, 08:04:49 PM

Quote from: ShowOff on April 10, 2017, 09:31:15 PM

i've already tried 92% winning chance and some time still ge losing streak 2 - 3 time lose before can get back my capital. there is no strategy, all is pure from luck and don't ever feel too confident with strategy, when you lose it will be hurt Grin

You do not get it. The strategy is not in whether you win or you lose or at what settings you put the dice game. It is on what bet sizing strategies you use. It is better to bet for something at 50% - 55% and win an amount that is close to your bet. You are risking the right amount for the right amount of winnings.

people too greedy to put that kind high winning percentage , not because confident. they think with higher winning percentage would save their ass from the loss. it's same actually in the end , house edge always against any kind player , any kind winning chance. really better to put 50/50 chance rather than high chance it's totally destroy anyone mentality once you get lost especially a losing streaks.

Harry Callahan

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Quote from: buyinbtc on April 13, 2017, 01:09:35 PM

I don't think that it ill work, as dice rolls are luck based, so there are no strategy at all, you just have to be lucky to win. Just because you tired it few times and won small amount, it doesn't mean that you will win that in future too. Used this high chance you earn tiny profit, but if you lose you lose a lot, and it takes many wins to win back what you lost, while sometimes you get 2 or even 3 loses in row.

That is indeed the fact as you wont be winning with a single trick for too long and it all depends on how lucky you are,there are times when you can win a couple of bitcoin in a short amount of period and then there are times when you loose the coins in a short amount of time and 92% chances are more risky according to me as more you play the chances of busting are more.

btc_angela

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Quote from: buyinbtc on April 13, 2017, 01:09:35 PM

I don't think that it ill work, as dice rolls are luck based, so there are no strategy at all, you just have to be lucky to win. Just because you tired it few times and won small amount, it doesn't mean that you will win that in future too. Used this high chance you earn tiny profit, but if you lose you lose a lot, and it takes many wins to win back what you lost, while sometimes you get 2 or even 3 loses in row.

Dice game is purely based on luck. 8% chance of losing is still a big risk to take. If you are a long time dice game bettor, You will know that this strategy will work for a certain extent, then once you loss 2-3x then your bankroll is near empty. But if you got lucky and you hit a good streak, then you are hit by 1 loss, then stop, change strategy. Because you might end up losing all your bankroll with this.

Gotottack

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Quote from: chris200x9 on April 13, 2017, 02:33:32 AM

Quote from: Gotottack on April 12, 2017, 09:29:05 PM

Quote from: bbc.reporter on April 12, 2017, 09:17:42 PM

Quote from: MinerHQ on April 11, 2017, 08:41:00 PM

Quote from: warwar on April 10, 2017, 11:03:02 PM

You have just 8% of lossing in the next bet after losing an one.But this strategy will never get you to winning even a small amount,you will just end up losing all you capital.You could just play at 90% then play at max after losing 3 events in a row,this will pretty guarantee some winnings for you

This game is fully dependent on luck and all these probabilities very difficult analysis and guess accurately. So dice game is not for making a profit but it is good for have some fun during your free time. Sometimes one can get continuous losses even with 99% winning option as well so don't waste time in analysing this game.

Call it luck or whatever you want but it is all about the probabilities. As stated in my previous post above, your strategy should revolve around the sizing of your bets and not by the number of times you thing you are going to win.

We also have to remember that the higher the chance of winning the lower the multiplier for the winnings. The bad thing about it is that you are risking a good amount of bitcoins just to win a few satoshis if you are betting on 90%+. But the good thing about this is that you can just play a few games with like a lot of bitcoins and just hope for the best. Then probably you can just play with the winnings you got.

The Dice game have a very less winning percentage, so for this, i don't like to put my money in risk, and I don't like to waste my time to make strategies for this game. If I have more free time, I will play this game. And I will play only how much I can afford, because I know in dice game only investment here no returns.

Well if you are really talking about gambling games that only rely on chance or luck, then there is really no strategy to it. It's just you win it or you lose you that all you can do about it. Next is that at the set high chance to win there is a higher chances that they will lose because the returns on higher chances of winning means they will have a lower payout. If they lose, they lose big time and if they win they just win pennies and dimes.

buyinbtc

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I don't think that it ill work, as dice rolls are luck based, so there are no strategy at all, you just have to be lucky to win. Just because you tired it few times and won small amount, it doesn't mean that you will win that in future too. Used this high chance you earn tiny profit, but if you lose you lose a lot, and it takes many wins to win back what you lost, while sometimes you get 2 or even 3 loses in row.

chris200x9

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Quote from: Gotottack on April 12, 2017, 09:29:05 PM

Quote from: bbc.reporter on April 12, 2017, 09:17:42 PM

Quote from: MinerHQ on April 11, 2017, 08:41:00 PM

Quote from: warwar on April 10, 2017, 11:03:02 PM

You have just 8% of lossing in the next bet after losing an one.But this strategy will never get you to winning even a small amount,you will just end up losing all you capital.You could just play at 90% then play at max after losing 3 events in a row,this will pretty guarantee some winnings for you

This game is fully dependent on luck and all these probabilities very difficult analysis and guess accurately. So dice game is not for making a profit but it is good for have some fun during your free time. Sometimes one can get continuous losses even with 99% winning option as well so don't waste time in analysing this game.

Call it luck or whatever you want but it is all about the probabilities. As stated in my previous post above, your strategy should revolve around the sizing of your bets and not by the number of times you thing you are going to win.

We also have to remember that the higher the chance of winning the lower the multiplier for the winnings. The bad thing about it is that you are risking a good amount of bitcoins just to win a few satoshis if you are betting on 90%+. But the good thing about this is that you can just play a few games with like a lot of bitcoins and just hope for the best. Then probably you can just play with the winnings you got.

The Dice game have a very less winning percentage, so for this, i don't like to put my money in risk, and I don't like to waste my time to make strategies for this game. If I have more free time, I will play this game. And I will play only how much I can afford, because I know in dice game only investment here no returns.

Gotottack

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Quote from: bbc.reporter on April 12, 2017, 09:17:42 PM

Quote from: MinerHQ on April 11, 2017, 08:41:00 PM

Quote from: warwar on April 10, 2017, 11:03:02 PM

You have just 8% of lossing in the next bet after losing an one.But this strategy will never get you to winning even a small amount,you will just end up losing all you capital.You could just play at 90% then play at max after losing 3 events in a row,this will pretty guarantee some winnings for you

This game is fully dependent on luck and all these probabilities very difficult analysis and guess accurately. So dice game is not for making a profit but it is good for have some fun during your free time. Sometimes one can get continuous losses even with 99% winning option as well so don't waste time in analysing this game.

Call it luck or whatever you want but it is all about the probabilities. As stated in my previous post above, your strategy should revolve around the sizing of your bets and not by the number of times you thing you are going to win.

We also have to remember that the higher the chance of winning the lower the multiplier for the winnings. The bad thing about it is that you are risking a good amount of bitcoins just to win a few satoshis if you are betting on 90%+. But the good thing about this is that you can just play a few games with like a lot of bitcoins and just hope for the best. Then probably you can just play with the winnings you got.

bbc.reporter

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Quote from: MinerHQ on April 11, 2017, 08:41:00 PM

Quote from: warwar on April 10, 2017, 11:03:02 PM

You have just 8% of lossing in the next bet after losing an one.But this strategy will never get you to winning even a small amount,you will just end up losing all you capital.You could just play at 90% then play at max after losing 3 events in a row,this will pretty guarantee some winnings for you

This game is fully dependent on luck and all these probabilities very difficult analysis and guess accurately. So dice game is not for making a profit but it is good for have some fun during your free time. Sometimes one can get continuous losses even with 99% winning option as well so don't waste time in analysing this game.

Call it luck or whatever you want but it is all about the probabilities. As stated in my previous post above, your strategy should revolve around the sizing of your bets and not by the number of times you think you are going to win.

noodle_dam

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Quote from: ajaxmoor on April 10, 2017, 12:26:44 AM

Quote from: nydiacaskey01 on April 09, 2017, 11:00:08 PM

So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?

The chance of losing in the next roll is 8% and stays the same for each successive roll. Just to let you know this is not a winning strategy so don't risk your money like that. As a matter of fact you can easily get 5 more losing rolls after this.

Exactly. I have seen that happen before.
You won't make too much betting at that probability to win on each roll. It would just cancel each other out once you get a bad roll within those 9-11 rolls anyways so you won't get anywhere.

mirakal

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Quote from: MinerHQ on April 11, 2017, 08:41:00 PM

Quote from: warwar on April 10, 2017, 11:03:02 PM

You have just 8% of lossing in the next bet after losing an one.But this strategy will never get you to winning even a small amount,you will just end up losing all you capital.You could just play at 90% then play at max after losing 3 events in a row,this will pretty guarantee some winnings for you

This game is fully dependent on luck and all these probabilities very difficult analysis and guess accurately. So dice game is not for making a profit but it is good for have some fun during your free time. Sometimes one can get continuous losses even with 99% winning option as well so don't waste time in analysing this game.

He needs to be realistic here and do overthink it, the chances on winning is lower compared to the house and if you think only on that reality there is no effort you will waste just to have a winning method. Everything you do will only result to nothing as no method would last, just be happy when you are lucky sometimes, that is the norms in gambling.

MinerHQ

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Quote from: warwar on April 10, 2017, 11:03:02 PM

You have just 8% of lossing in the next bet after losing an one.But this strategy will never get you to winning even a small amount,you will just end up losing all you capital.You could just play at 90% then play at max after losing 3 events in a row,this will pretty guarantee some winnings for you

This game is fully dependent on luck and all these probabilities very difficult analysis and guess accurately. So dice game is not for making a profit but it is good for have some fun during your free time. Sometimes one can get continuous losses even with 99% winning option as well so don't waste time in analysing this game.

bbc.reporter

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Quote from: ShowOff on April 10, 2017, 09:31:15 PM

i've already tried 92% winning chance and some time still ge losing streak 2 - 3 time lose before can get back my capital. there is no strategy, all is pure from luck and don't ever feel too confident with strategy, when you lose it will be hurt Grin

You do not get it. The strategy is not in whether you win or you lose or at what settings you put the dice game. It is on what bet sizing strategies you use. It is better to bet for something at 50% - 55% and win an amount that is close to your bet. You are risking the right amount for the right amount of winnings.

jhenfelipe

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Quote from: nydiacaskey01 on April 10, 2017, 09:52:30 PM

Thank you all for your inputs guys and yes it does make sense that even if you change the settings to 92% chance of winning there is still 8% chance of losing. The result of my 1st roll does not dictate or further improve my chances of winning on my 2nd or 3rd roll. It's 92% chance of winning on the first roll, its 92% chance of winning on the 2nd roll same with 3rd roll.

Another thing that I realized is that when I lose, I have to win 14 times in a row to recover the loss that I made based on the 1000 Satoshis bet with 76 Satoshis profit please correct me if i'm wrong on my calculation.

Good for you that you already realized about that. It's pretty obvious that every roll will give you a RANDOM result. If you win twice or more in a row today, it doesn't mean that you'll get same result later on. Same with your losses.

That's why sometimes (or should I say most of the times?) people lose consecutively because they want to recover their losses which needs XX number of wins.

RoommateAgreement

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Bazinga!

i mostly try the reverse strategy meaning i have about a 92% chance of losing and 8% chance of win or a bit higher sometimes. and that way i can bet with faucet and if i get lucky i can earn a good amount of bitcoin and then move on from there.

although this strategy of yours seems to take it one step further. although i can't find any logic of why you should win after a loss but i think i will give it a try and then report back here. maybe i win something good.

warwar

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You have just 8% of lossing in the next bet after losing an one.But this strategy will never get you to winning even a small amount,you will just end up losing all you capital.You could just play at 90% then play at max after losing 3 events in a row,this will pretty guarantee some winnings for you

Viscore

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Quote from: ufaiz50 on April 10, 2017, 10:37:31 PM

Quote from: nydiacaskey01 on April 09, 2017, 11:00:08 PM

So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?

I ever been lost twice a streak by setting the chance to win 90% so the chance of losing streak remains. I think the way it was not worth besides it does not deny losing streak but it also profit is not compatible with the capital loss when you lose.

That is possible because it is solely based on probability and regardless of the winning chance you put, losing streak could happen and sometimes we get frustrated when that occurs. I would also suggest to think of the probability than the luck that we might have in gambling since probability are more accurate than luck itself, that way we will not make any experiment that would not give us a good chance of winning.

ufaiz50

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Quote from: nydiacaskey01 on April 09, 2017, 11:00:08 PM

So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?

I ever been lost twice a streak by setting the chance to win 90% so the chance of losing streak remains. I think the way it was not worth besides it does not deny losing streak but it also profit is not compatible with the capital loss when you lose.

Oilacris

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Quote from: nydiacaskey01 on April 10, 2017, 09:52:30 PM

Thank you all for your inputs guys and yes it does make sense that even if you change the settings to 92% chance of winning there is still 8% chance of losing. The result of my 1st roll does not dictate or further improve my chances of winning on my 2nd or 3rd roll. It's 92% chance of winning on the first roll, its 92% chance of winning on the 2nd roll same with 3rd roll.

Another thing that I realized is that when I lose, I have to win 14 times in a row to recover the loss that I made based on the 1000 Satoshis bet with 76 Satoshis profit please correct me if i'm wrong on my calculation.

Calculations were right therefore when you lose up 2x in a row then you will need to win 24 straight without any lose to cover up or break even the loses which is nearly imposible to happen which means even on higher chance percentage chances of your lose will stack up until comes to a point on where you keep playing to chase your lose which do happen on most gambler.

Topic: Dice Stettings at 92% Chance (Read 1824 times)