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Topic: Do you think DiceBot will give you profit in the long run? - page 2. (Read 4744 times)

legendary
Activity: 980
Merit: 1000
i was never heard that any people using dicebot and could got profit for long run and back again gambling results is depend from our luck and also luck doesn't with us for everytime because there is a moment that you aren't lucky and i think majority people will answer no including me
hero member
Activity: 2702
Merit: 704
Bitcoin is GOD
As the title says.

Do you think DiceBot will give you profit if you will just run it for a long period of time?
If yes, how much bankroll do you need and what is your dice setting ?
No its mathematically impossible to win in the long run against the casino in a dice game, the dicebot is there just to make your life easier, so it does not matter the size of your bankroll you will eventually lose it all if you keep playing long enough.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
nope.... i've tried using 0.01 bitcoin and betting 1 satoshi at time. Every loss were multiplied by 2.2 , 20h later(approximately, i dont remember the exact number), i've have achieved 0.026 and than lost everything with a big loss streak(14~20 in a row, again, dont remember the exact number).

After that i stopped with gambling.

Yeah its crazy how betting such a small amount can lead to such huge huge losses when you get into a huge losing streak. I guess you should of withdrew when you hit 0.026

The problem is you never know when to stop. If you'd managed to reach 0.026 you think this strategy will work forever and that you finally have found how to have big profit from gambling. Another reason for not stopping is that you think having bigger balance you have less chances to lose it all because now it should be a longer losing streak to eat all your balance. I know this because I was losing money to martingale too. No bot will help you to win with martingale, there's always a long  losing streak waiting to hit you.
legendary
Activity: 1372
Merit: 1008
nope.... i've tried using 0.01 bitcoin and betting 1 satoshi at time. Every loss were multiplied by 2.2 , 20h later(approximately, i dont remember the exact number), i've have achieved 0.026 and than lost everything with a big loss streak(14~20 in a row, again, dont remember the exact number).

After that i stopped with gambling.
Lol I do not know believe it or not. Your balance is impossible to survive within 20 hours using the martingale even if you use a small bet amount. I'm sure any bet amount and your bitcoin in the balance. I'm sure the bot will take all your money less than 2 hours. so I'm quite doubtful if your bot can last more than 20 hours using the martingale
legendary
Activity: 3808
Merit: 1723
Up to 300% + 200 FS deposit bonuses
nope.... i've tried using 0.01 bitcoin and betting 1 satoshi at time. Every loss were multiplied by 2.2 , 20h later(approximately, i dont remember the exact number), i've have achieved 0.026 and than lost everything with a big loss streak(14~20 in a row, again, dont remember the exact number).

After that i stopped with gambling.

Yeah its crazy how betting such a small amount can lead to such huge huge losses when you get into a huge losing streak. I guess you should of withdrew when you hit 0.026
sr. member
Activity: 350
Merit: 250
nope.... i've tried using 0.01 bitcoin and betting 1 satoshi at time. Every loss were multiplied by 2.2 , 20h later(approximately, i dont remember the exact number), i've have achieved 0.026 and than lost everything with a big loss streak(14~20 in a row, again, dont remember the exact number).

After that i stopped with gambling.
legendary
Activity: 1456
Merit: 1005
i think it depend on your experience in dicebot and secondly your luck, if you are lucky you will certainly get a good profit in the end..

Nothing to do with dicebot experience to win money from dice game but it only depends on luck. If your a lucky on a particular day then you will make money otherwise you may lose money. No strategies or bots will give profits from a dice game.
legendary
Activity: 1288
Merit: 1000
They are believe with a false story that said if using the bot can win bigg maybe some stories is true but i'm personally never trust bot can win in long run.
Someone might got lucky in one session and won something while using bot. Because that is the best what will happen with bot or not.

Long story short: Dice bot will only bet with predefined script, under certain condition it will use programmed 'strategy'.

The problem is - there is not valid strategy you can use in Dice to win. Martingale, Paroli, mixed bets, flat betting, after sufficient number of bets you will always reach same constant.
sr. member
Activity: 364
Merit: 250
I honestly do not think it will provide you some profit, most likely it will let you lose money on the long run.
Of course I'm not sure about this but I think that its not a good option to do this honestly.
member
Activity: 84
Merit: 10
i think it depend on your experience in dicebot and secondly your luck, if you are lucky you will certainly get a good profit in the end..
legendary
Activity: 1176
Merit: 1001
The most Professional Cryptocurrency Casino
I didn't read all 6 pages, so i'm sorry if I'm repeating things others have said before.

But as the owner and creator of DiceBot, I can garuntee you that the bot will NOT profit in the long run. DiceBot is not intended to make profit, it's to make a rather plain game more interesting.

Basically, when you bet at a website, you have variance, which is basically the difference between what you can expect to win and what you actually win. The variance can be in your favour when you win more than you should, or in the sites favour, when you lose more than you should. Variance is at the largest when you make very few bets and the more you bet, the closer you get to your expected value, so less variance. This is relevant because of the house edge. Your expected value is to lose % of what you wager. The reason the bot will never make profit in the long run is because you make lots and lots of extremely small bets, which reduce your variance. If you bet 1 Btc on 49.5% and you win, you've wagered 1 btc and you've won 1 btc. If you wager 1 Btc in millions of small martingale bets starting from 1 satoshi, you'll be more likely to have "busted" a few times and have lost abour % of 1Btc.

For an explanation of the house edge and how it works and affects your bets, check out this articel: https://steemit.com/gambling/@seuntjie/why-botting-doesn-t-work-at-casinos

Well I applaud you for at least speaking the truth and saying that it will not make your profit in the long run. Many here have undesirable expectations and simply want this bot to make them a millionaire.
They are believe with a false story that said if using the bot can win bigg maybe some stories is true but i'm personally never trust bot can win in long run.
legendary
Activity: 3808
Merit: 1723
Up to 300% + 200 FS deposit bonuses
I didn't read all 6 pages, so i'm sorry if I'm repeating things others have said before.

But as the owner and creator of DiceBot, I can garuntee you that the bot will NOT profit in the long run. DiceBot is not intended to make profit, it's to make a rather plain game more interesting.

Basically, when you bet at a website, you have variance, which is basically the difference between what you can expect to win and what you actually win. The variance can be in your favour when you win more than you should, or in the sites favour, when you lose more than you should. Variance is at the largest when you make very few bets and the more you bet, the closer you get to your expected value, so less variance. This is relevant because of the house edge. Your expected value is to lose % of what you wager. The reason the bot will never make profit in the long run is because you make lots and lots of extremely small bets, which reduce your variance. If you bet 1 Btc on 49.5% and you win, you've wagered 1 btc and you've won 1 btc. If you wager 1 Btc in millions of small martingale bets starting from 1 satoshi, you'll be more likely to have "busted" a few times and have lost abour % of 1Btc.

For an explanation of the house edge and how it works and affects your bets, check out this articel: https://steemit.com/gambling/@seuntjie/why-botting-doesn-t-work-at-casinos

Well I applaud you for at least speaking the truth and saying that it will not make your profit in the long run. Many here have undesirable expectations and simply want this bot to make them a millionaire.
legendary
Activity: 1717
Merit: 1125
I didn't read all 6 pages, so i'm sorry if I'm repeating things others have said before.

But as the owner and creator of DiceBot, I can garuntee you that the bot will NOT profit in the long run. DiceBot is not intended to make profit, it's to make a rather plain game more interesting.

Basically, when you bet at a website, you have variance, which is basically the difference between what you can expect to win and what you actually win. The variance can be in your favour when you win more than you should, or in the sites favour, when you lose more than you should. Variance is at the largest when you make very few bets and the more you bet, the closer you get to your expected value, so less variance. This is relevant because of the house edge. Your expected value is to lose % of what you wager. The reason the bot will never make profit in the long run is because you make lots and lots of extremely small bets, which reduce your variance. If you bet 1 Btc on 49.5% and you win, you've wagered 1 btc and you've won 1 btc. If you wager 1 Btc in millions of small martingale bets starting from 1 satoshi, you'll be more likely to have "busted" a few times and have lost abour % of 1Btc.

For an explanation of the house edge and how it works and affects your bets, check out this articel: https://steemit.com/gambling/@seuntjie/why-botting-doesn-t-work-at-casinos
sr. member
Activity: 277
Merit: 255
Sometime's you can get a good bot and win alot just need to find a good one and a casino that is paying out.
legendary
Activity: 3066
Merit: 1312
SOL.BIOKRIPT.COM
Lol yeah I also use a bot when I run like martingale strategy because it is not possible I use the manual. but certainly I would not be stupid to leave it in a long time, when the system started to provide successive defeats, normally I would stop and hopefully I benefit by it

Why it is not possible to use manual betting when you use martingale stratgey? It is still possible and even it is even safer because you can control your bet better than when you are using bot. You only need to calculate your bet amount manually, ofc you need more time in doing this.
hero member
Activity: 658
Merit: 500
may depend strategy when using a bot. you can use the strategy to bet very small as 10 sat, because using a bot, so it can run for a long time. it can be advantageous, but not too much.
but I believe using the bot at the end we will lose. because it is difficult to get a win in a long time in a game of dice.
Its just a bot and they are just using it for automation not for real making profit.. its impossible that if you are using bitcoin you can be always win..
The game still always depends in your luck if you are lucky using bot its your turn to make good profit. but if not regret after you used.
I use a bot only when I'm lazy to play dice. but actually using a bot only for a experiment. because i know in the end is always difficult to make a profit. better play manual and take the short-term.
Lol yeah I also use a bot when I run like martingale strategy because it is not possible I use the manual. but certainly I would not be stupid to leave it in a long time, when the system started to provide successive defeats, normally I would stop and hopefully I benefit by it


hero member
Activity: 756
Merit: 501
I had played a bit with those bots, and in the general they might allow you to earn something after some period, but i do believe they arent made to give you profit, and yes take your 1-10% balance when using a bot to make your bets.
legendary
Activity: 1372
Merit: 1008
As the title says.

Do you think DiceBot will give you profit if you will just run it for a long period of time?
If yes, how much bankroll do you need and what is your dice setting ?
No, the bot will only eat your balance if we run it for weeks/months auto bet isn't that much different than betting manually theres really no way to beat the casino. Other people who says its profitable theyre just lucky on their side to win that kind of amount.
I think it did not take up to several weeks or months, when you use autobet or bot and running in about a couple of hours I'm sure you will incur a loss, even if you use the martingale strategy with bots, may all your money will run out in a few minutes
legendary
Activity: 1960
Merit: 1026
may depend strategy when using a bot. you can use the strategy to bet very small as 10 sat, because using a bot, so it can run for a long time. it can be advantageous, but not too much.
but I believe using the bot at the end we will lose. because it is difficult to get a win in a long time in a game of dice.
Its just a bot and they are just using it for automation not for real making profit.. its impossible that if you are using bitcoin you can be always win..
The game still always depends in your luck if you are lucky using bot its your turn to make good profit. but if not regret after you used.
I use a bot only when I'm lazy to play dice. but actually using a bot only for a experiment. because i know in the end is always difficult to make a profit. better play manual and take the short-term.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
In the long run gambling is not profitable, mark my word, several people might disagree with me in this forum but I dont care because it is the truth. These sites have a house edge, odds against the player. However experienced you are and however carefully you input a strategy into dicebot, you will lose in the long run.
Gambling is not profitable in the long run for most people; there are a significant amount of professional players making money out of casino games, like poker, blackjack and sports betting.

Exactly , there no stable  income  in playing gambling  and  doesnt even  guarantee you to make  profits on long run. Sports betting  and other card games which somehow  does have edge  on winning   base on your skills and also with ample amount of luck.  Those dicebots out there its just an automated  betting  and  doesnt mean that you would  be profitable with this thing.
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