i generally dislike any strategy like this which has any chance other than 50% chance. because they are always ending badly and the amounts that are won or lost are never in proportion in my opinion.
i am even going to say it is a worse strategy than using a simple 50% chance. because when you set the chance on 92 for example you win a lot but all of them are too small to do anything and then when you lose you lose once but that one time is enough to wipe out all the previous winning and even possibly some more.
Topic: Dice Stettings at 92% Chance - page 3. (Read 1824 times)
I had 4 reds on +90% winning chance, and for sure I will never bet like that ever again, cause every time I lost all I had cause of this strategy. I thought its good on beginning, and after few times I saw that this strategy doesn't have happy end in most cases. Profit is low risk is to big, and just as reminder do you remember picture from this forum when some guy made this kind of bet with 100 btc, maybe year ago, and of course he lost all he had. Stay away from this strategy.
I had 6 consecutive reds at 90% couple times. Frankly, use high percent win of chance for a longer time is a sure lose strategy. It's better to use it once or twice only, even though there's no guarantee you won't hit the red one in first bet.
I had 4 reds on +90% winning chance, and for sure I will never bet like that ever again, cause every time I lost all I had cause of this strategy. I thought its good on beginning, and after few times I saw that this strategy doesn't have happy end in most cases. Profit is low risk is to big, and just as reminder do you remember picture from this forum when some guy made this kind of bet with 100 btc, maybe year ago, and of course he lost all he had. Stay away from this strategy.
For me to do that high winning percentage is not worth.Better to gamble on 50/50 or 51/49 chance , the outcome in the end is same for me personally.
It is just the matter when you have to stop on an enough profit , most people just get greedy everytime.
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?
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?
Man it's not higher. It's the same thing on roulette. Each play is independent. They have no memory.
Imagine a coin toss. It has 50% chance of head or tails, I think you agree with me in that. If I toss it, you expect to have 50% chance of winning.
If I say that I have tossed that coin 11 times and it was always tail, would you think that in that next toss it would be more likely to come up with head? Would you accept me to pay you less, if heads come up, since it was more likely that the toss would come out a heads, because of the previous 11 tails? I don't think you would agree to that, because you know that you still get 50% chances of getting heads and not more.
I had 4 reds on +90% winning chance, and for sure I will never bet like that ever again, cause every time I lost all I had cause of this strategy. I thought its good on beginning, and after few times I saw that this strategy doesn't have happy end in most cases. Profit is low risk is to big, and just as reminder do you remember picture from this forum when some guy made this kind of bet with 100 btc, maybe year ago, and of course he lost all he had. Stay away from this strategy.
Gambling and counting probability on the paper is different, each roll of the dice got the same probability, even though if we count it there should be less chances that the we are losing twice in a row, but it actually got the same chance in gambling
when you try 92% winning chance and you say you win 9-11 in a row, but I am sure that you ever experience only win for 2 or 3 times and then lose, so there are no strategy that can make you always win
when you try 92% winning chance and you say you win 9-11 in a row, but I am sure that you ever experience only win for 2 or 3 times and then lose, so there are no strategy that can make you always win
I was trying dice with highest winning odds but never made more money with these as to recover you need few hands to be on track again. Whenever I succeeded to make some money was at 49% winning odds. If I am not wrong highest amount winners always were playing with lower winning chances as return is very high. It is your luck after all to make money from dice.
First of all a big matter is that at which site you were making gambling , Because here winning and loss depends upon the factor of the house edge of the site ,[1] Here the simple house of freebitco.in can't allow you to make earning more than 5% .
[2]So first of all make details of the house edge of the site .
My second suggestion for you is that don't bet more if you won two times . Because at each bet you may loss your bet .
[1] Where is the proof if we can't win more than 5% from our balance in Freebitco.in? House edge on freebitco.in is the highest from all dice games (Cmiiw) until now 5%, that's why we are mostly will lose on there, but there is no proof if we can't win more than 5%.[2]So first of all make details of the house edge of the site .
My second suggestion for you is that don't bet more if you won two times . Because at each bet you may loss your bet .
[2] I think OP is not too stupid to play on site which has high house edge.
@OP, get 3 red streaks on 92% still possible (even though the chance is small)
setting betting chance with the higher percentages will not guarantee got profit and also the profit will so low with 92% chance even you win 12 times or 15 times in a row but if you got busted at least once time it could be useless and for me just play with only 50% chance and stop bets if you lucky and get your target profit
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?
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 know what you are talking about. This is a known strategy which must work as many gamblers think and I myself also was part of them. What are the odds of losing two times in a row playing with 92% winning chance? Yes, we all know that the outcome of the previvous bet has no impact on the outcome of the consecutive one, but still it seems the chances of two reds in a row are extremely small. So after losing we increase our base bet 10 times and, in most cases, we recover the previvous loss. But the thing is that it is possible to lose two, three or even four times in a row playing with 92% winning chance. And when this happens we lose it all.
Still boils down to luck. Whatever strategy it is still based on luck
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?
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 have used this strategy before and I must say that it will not guarantee you to profit and maybe loss in the end. You still has 8% chance of losing. Believed me losing twice in a row is possible even if you put 92% chance of winning. I even won more 15x straight and I was happy and increase my bet as my bankroll increases as well. But as the roll continues, I experienced 2x or even 3x losses. So this is not a safe strategy for winning. IMHO.
Well, losing twice in a row's chance would be 8% * 8% which would be 64/1000. If you keep rolling you eventually will lose twice or more times in a row.
Yeah you cant cheat the math. It might seem like you cant lose with 92%ers but that is why you dont win much each spin either. Eventually math will catch up with you unless you get extremely lucky. The more volume you put in the more your chance of luck decreases and the houses certainty of beating you increases.
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?
First of all a big matter is that at which site you were making gambling , Because here winning and loss depends upon the factor of the house edge of the site , Here the simple house of freebitco.in can't allow you to make earning more than 5% .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?
So first of all make details of the house edge of the site .
My second suggestion for you is that don't bet more if you won two times . Because at each bet you may loss your bet .
Well, losing twice in a row's chance would be 8% * 8% which would be 64/1000. If you keep rolling you eventually will lose twice or more times in a row.
No matter the Chance Percentage you set, Either 90% or 98%, You'll still get to lose twice on thrice consecutively because The house has an edge over you. I've tried this strategy several, some with bots and some manually. After each lose, I go all in and I won for the first 5 rolls this way, But on the six roll, I lose twice and all my money was lost.
So This is not an idea strategy, Winning this way for up to ten rolls isn't a guarantee.
So This is not an idea strategy, Winning this way for up to ten rolls isn't a guarantee.
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'm not sure if i'm right here but the chances of losing twice in a row with a 92% chance is at 0.0064% or 1 in 15624. If you lose imo don't go all in just to chase your losses because there's a 0.000512% chance that you could thrice in a row.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?
Even with the same 92% winning chances you cannot make a stable earning. Only the winning chance increases with the decreased payout. Even in this setting if unlucky the roll goes opposite to the prediction that we have made. So gambling is a simply a risky way to make a better earning where luck plays a major role.
Chance to lose on next roll would be still on 8% and using this setting might work and give you some returns but one lose all of those small wins you gain will wipe out in an instant and even suffer negative profits.Higher chances of winning doesnt guarantee anytime to make you money its still risky and never ever to go all in because 92% isnt really an assurance to win anytime.Dont forget the 8% chance on losing.
well provably you will still face defeat even you already set it up with 92% chance to win, remember you are still gamble and risk still at your sidemight be a good chance to win if your timing of placing huge bets win but if suddenly it went to the other side you will suffer also a big loses and we don't have any control about that.
Chance to lose on next roll would be still on 8% and using this setting might work and give you some returns but one lose all of those small wins you gain will wipe out in an instant and even suffer negative profits.Higher chances of winning doesnt guarantee anytime to make you money its still risky and never ever to go all in because 92% isnt really an assurance to win anytime.Dont forget the 8% chance on losing.
Jump to: