Good and relatively safe dice strategy? - page 3.

adaseb

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Quote from: 98problems on July 21, 2015, 01:36:10 PM

Quote from: adaseb on July 21, 2015, 01:23:11 PM

There is pretty much no safe stragey but there are low risk. Basicallly if you have a million dollars you can probably safety win $1.

However its possible to get 40x loses in a row and lose that million just to win $1.

i doubt that anyone would risk million dollars just to win 1 as it would still have some risks, though it would be easier to do all in bet to win that dollar on small loose chance

Agreed. You are pretty much better off just putting the money in a savings account and letting the interest accumulate or buying a business.

plost24

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for me i use 0.00000001 X3 bet gain and if lost add 60% and it work if you have a lucky dday

grendel25

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Quote from: arallmuus on July 15, 2015, 01:26:54 PM

Quote from: 7bestone7 on July 15, 2015, 01:03:37 PM

the best way is to go all in bet, by doing that you will either win or loose

Totally wrong on this because it has been proven that going all in is not the best thing to do to get any profit (references below). Dooglus made a good calculation on the probability for you to win X amount by going all in or splitting up your bets into few smaller bets and turns out the probability is higher by splitting out into smaller bets

P.S : I cant find it , turns out harder than expected to dig through Dooglus' post

Quote from: dooglus on July 09, 2015, 01:51:44 AM

It has been proven many times that betting your entire balance on one bet is NOT the most efficient way to achieve any profit goal.

Quote from: 7bestone7 on July 15, 2015, 01:03:37 PM

as there is no such thing as a reliable strategy if you want to earn so much

Turns out there is but it just that people tend to turn away from this and keep gambling on blindly while there is actually a way to gamble on smartly . Turns the edge lower by getting the advantages of promotions and such . Even much better is that you can turn it to be +EV

Quote from: marioantonini on July 15, 2015, 01:05:41 PM

Really, with 10 btc you can buy a dice site completed, with scrypt, hosting ecc and for start you can accept investor

You dont need 10 BTC to start your own dice site if you use the following things below

Free script from Dan's Untitled Dice : https://bitcointalksearch.org/topic/free-script-untitled-dice-run-your-own-bitcoin-dice-site-no-server-needed-1062680
Moneypot's API and its bankroll ( 211 BTC currently ) : https://bitcointalksearch.org/topic/moneypotcom-the-bitcoin-gambling-wallet-1020726

What you need next would be to get yourself a domain, couple of BTC and you can get a decent one from namecheap and that probably cost you less than $50

Since it's so easy to start a dice site I would expect to see the quality of dice sites also diminish. Or at least the diversity since they would follow a cookie-cutter template and API. That's good for small entrepreneurs to have the support from moneypot but I worry about the dilution of the game.

98problems

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Quote from: adaseb on July 21, 2015, 01:23:11 PM

There is pretty much no safe stragey but there are low risk. Basicallly if you have a million dollars you can probably safety win $1.

However its possible to get 40x loses in a row and lose that million just to win $1.

i doubt that anyone would risk million dollars just to win 1 as it would still have some risks, though it would be easier to do all in bet to win that dollar on small loose chance

adaseb

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There is pretty much no safe stragey but there are low risk. Basicallly if you have a million dollars you can probably safety win $1.

However its possible to get 40x loses in a row and lose that million just to win $1.

maku

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Quote from: ABCbits on July 16, 2015, 10:51:17 AM

Dice games is almost all luck, so any technique won't change the result much.
You better try card games & sportbooks which almost all skill. You could big profit with good strategy

I can confirm this. I tried many strategies and various approaches, maybe there are different ways while playing real dice but when playing in virtual casino I could not find any strategies to be effective.
But if you want to know more about professional Dice Strategies you can read this article about Dice Strategy: http://www.chessandpoker.com/dice_strategy_guide.html

ABCbits

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Dice games is almost all luck, so any technique won't change the result much.
You better try card games & sportbooks which almost all skill. You could big profit with good strategy

pooya87

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Quote from: Nyau on July 15, 2015, 07:36:52 AM

Hi, I want to know what's the best strategy when playing dice if I have 10 BTC bankroll and want to make 40 BTC.
I know only Martingale, and that's bullshit strategy so I was just randomly betting and lost so much.

in dice there is technically no good or relatively safe strategy that an give you 4x profit. none of the strategies are guaranteed and you will always lose at some point. but people have some luck with some strategy and call it safe and profitable until they lose big!

i think the only strategy that can be good profit from gambling is betting in a game that is skill based instead of being based on luck. something like poker.

twister

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Realistically there aren't any strategies, people use different styles of play and if they win they think it is working but it is not the truth but just an illussion, you have to accept the fact that some days you lose and some days.. you lose more lol. But even if someone had a "so called" good strategy and it was working, do you really think they would reveal it publically?

jeffthebaker

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You aren't going to make 40 BTC from 10 BTC dicing, most likely you will lose it all if you expect such profits. If you seriously want to turn 10 BTC into 40, and aren't afraid to lose, gamble 10 BTC on 4x payout. If you get lucky you get your coins, if you aren't lucky you lose them.

XinXan

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Quote from: BurgerKill on July 15, 2015, 03:18:36 PM

Quote from: XinXan on July 15, 2015, 03:01:44 PM

Quote from: Nyau on July 15, 2015, 02:52:25 PM

Quote from: tis_bitc222 on July 15, 2015, 02:50:08 PM

I think dont exist 100% safe strategy on dice.

You need to use dice sites for fun this is the best strategy

Grin

That's why I said "relatively safe", god.

Mathematically a single martingale sequence is the best and safest way to play on any dice site no matter what house edge, you can find more details on the "does martingale really works" thread.

Other than that all the strategies are the same, literally they all suck equally

What about this:

Chance: 30%
Payout: 3.3x
Base bet: 0.0001

If you lose one bet do the same amount again. If you lose your 2nd bet increase amount by 2x and again. So if you are unlucky and losing, it will be 0.0001, 0.0001, 0.0002, 0.0002, 0.0003, 0.0003 until you win. This wouldn't work if you have really long loss streak, because it won't give you back the full amount you spend on betting, but with up to like 8 bets it can make good money. What do you think about this strategy? Somebody was talking about this in the Rollin.io chat.

Unfortunately that strategy is no better than martingale or any other strategy.

Lets say you have 0.01 bitcoins and you start with your base bet, you would need to lose 19 times in a row to bust, now that seems a lot, but is it really? Lets see:

The chances are 0.0060935974001% or in other words 1 in 16.000~ so every 16k bets you are theoretically loosing 19 times in a row, the money you get before the bust its not enough to cover the 0.01 loss, this happens with martingale as well and all other strategies.

FanEagle

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Dice is the best if you have a giant bankroll to play with, if you have pennies like most of us do, it's worthless only if you have luck for about 30 minutes straight and you reach like 1 btc...

Dennis7777

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You should gamble for fun but not hoping to get profit in a dice game.
If you really want to get profit, find a game with some skill involved that you are good at.

bitbaby

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Quote from: BurgerKill on July 15, 2015, 07:24:11 PM

Quote from: Superhitech on July 15, 2015, 07:11:19 PM

The only way to win at dice is to deposit money, bet at 2x, (hopefully) win, run with profit, and never return again. If you come back, you will eventually lose.

( My opinion )

That's total bullshit. There must be a strategy - I don't mean 100% win, but just normal tactic.

When you want to play a dice, you don't deposit 10 BTC and go all-in with 2x payout, do you? No, you don't, even if you are addicted to gambling. That won't work, if you win, you will be the happiest guy in the world for some time and if you lose you will want to own Time Machine and return back. Peace bro.

The only Good and Safest strategy to win at dice is don't play. But seriously there isn't one sure way of winning, if there were everyone would get rich by now. It's gambling, it is suppose to be based on chance, you roll the dice, you either get lucky or you don't. There isn't any formulas for it and you can play a 1000 rolls or go all in on the first one the chances of winning or losing remain the same because every roll is independent and even if you had 20-30 reds that doesn't mean that the next one will be green.

lexuz

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Me, myself and I

Better you bet sportbooks its easy if you want get 4x just find 3 or 4 match but if you want try with dice game. Im positive you will lose your money

horace0812

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I think is better stay out of Dice, if you have that big amount bankroll,
go play live casino or sportbet would be much more safe IMO.

but GAMBLE is always with risk...

BurgerKill

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Quote from: Superhitech on July 15, 2015, 07:11:19 PM

The only way to win at dice is to deposit money, bet at 2x, (hopefully) win, run with profit, and never return again. If you come back, you will eventually lose.

( My opinion )

That's total bullshit. There must be a strategy - I don't mean 100% win, but just normal tactic.

When you want to play a dice, you don't deposit 10 BTC and go all-in with 2x payout, do you? No, you don't, even if you are addicted to gambling. That won't work, if you win, you will be the happiest guy in the world for some time and if you lose you will want to own Time Machine and return back. Peace bro.

Superhitech

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The only way to win at dice is to deposit money, bet at 2x, (hopefully) win, run with profit, and never return again. If you come back, you will eventually lose.

waterpile

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Quote from: Nyau on July 15, 2015, 04:12:56 PM

Now let's go away from dice sites. What about blackjack? I know how to play it, well, everyone knows. Any good Bitcoin casino?

Try Bitstarz they've been around for a long time now and they have good website design with features.

anderson00673

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Hi, as others have said, there is no guaranteed winning strategy against dice. Every roll, taken in isolation, the math is against you. So you should lose in the long run. Some people get lucky, its true. But the odds are not on your side. I agree that the best strategy might be to do jus tone roll.

But, unless you are rich, please do not do this! I hate to see someone lose so much coin at once to a casino. I look at a casino, or ANY type of betting, as entertainment. So I won't spend more then I would at other types of entertainment, such as dinner and a movie.

Good luck!

Topic: Good and relatively safe dice strategy? - page 3. (Read 10770 times)