Topic: healthy discussion about DICE - page 3. (Read 828 times)

If you have a 50% chance then the casino will just make you win less money. Like 1 bitcoin on 50% would make you win 0.998 for example. After 1k bets, although you are likely to win 50% of the times, even if you do, you are winning 0.998 bitcoins and losing 1 (assuming you are betting 1 bitcoin each time) so you are basically losing your money slowly till the end.

There are some ''strategies'' that grant you better odds than others but never enought to beat the house. For example, martingale is a popular strategy but there are other methods that have the same odds but are just faster which is something very important since you don't want to gamble for hours just to win a very small amount of money with the possibility of losing it all.

https://www.forexfactory.com/showthread.php?p=8495533#post8495533

A ''strategy'' posted long ago to increase your odds slightly better than you would have using only 1 bet at 49.5
''For an example of a better strategy, try:

  bet 0.5 at 33%
  if you win, you get 99/33 = 3x, so you get 1.5 back, a profit of 1 - you've doubled your money

  if you lose, bet the other 0.5 at 24.75%
  if you win, you get 99/24.75 = 4x, so you get 2 back - you've doubled your money

  the only way it goes wrong is if you lose both the 33% and the 24.75% - the chance of that is (1-0.33) * (1-0.2475) = 0.504175
  so the chance of success is 1 - 0.504175 = 0.495825 = 49.5825% - a fraction higher than 49.5''

So it is basically better to bet in smaller bets to achieve your goal as you would have a 0.0825% better chance, again this is still less than 50% and it will always be, also it doesn't really matter long term since you are going to lose everything eventually.

You talk to most of the people who win and lose and mostly lose out of greed or you talk to the sites which are profiteering from these users of the site's losses?

I think the right answer of that is in one word "Greed". That is right, that dice known sites are secure and fair to play on them, so It's true, you will have a 50% to win/lose, In fact people when they win they would try to play again and again, I talk to the most of them, so automaticaly you will found that the site will have a big profit, and the profit will increase day by day.

It is most favorable because it is very simple to play.
You pick if the number of the roll goes above or below a set value.
It is pretty straight forward.
And the casinos like it because it is not resource intensive to run a site with it only needing to show a formation of numbers with hardly any graphics on their sites if they so choose to put them up or not.

The chat rooms on these sites take up more of the sites resources then the actual game itself.

dice are the most favourite and the most popular gambling game and to playing it there is no required the particular skill because this game is easy to be understand and the best part from playing dice is you could able to win even more than from your basic capital of money but the worst is you cannot use analysis and strategies to win it because dice game results is pure depend from your luck

Our bankroll is always small from the house also house have limit of max profit but we don't have that kind of limit to bet with the amount of bankroll we have. Dice sites are provably fair and its probability which makes you loose not because of provably fair system.

Skill? In dice games? This made me smile. I can understand people that say that they use "strategies" in these games, even if they don't always work, as there's actually math based strategies to win, but skills? And i agree, it is very important to stop if you use any strategy in dice games, as every strategy has tony chance to lose, but if you lose you'll lose everything.

Yes, actually many people don’t realize that what provably fair means. It is established to show that they are running a fair system with no tricks in it. But if you take a second glance at it, it clearly shows how they are going to lose in the long terms and at what rate, depending on House Edge.

What is most surprising is that it’s taken five years to him to realize he can’t win.

Because of house edge?
You don't have 50/50 chance, you have 49.5% chance.
If you roll dice 100000 times only betting on high you will probably win 49500 times and lose 50500 times. See? More reds than greens in long run.
This has been posted and discussed already million times.

I know how it feels. But to be honest, it comes not just with dice game. We mostly will have the same feeling with any other types of gambling games. We mostly will have the bad result on gambling no matter at what games we play. That is why for most people gambling is considered as a bad habit to do. They say: "No one can be rich with gambling."

Im quiet amazed that you did sustain for this long on playing gambling imagine 5 years? You do still play this game which is actually the most famous one. Your questions have been answered on the things you do said on here. House always wins seeing that there is a house edge.In longer runs they would really take your money this is why gambling is a profitable business.They are provably fair but those are already designed for its gamblers to lose in the end.

I never really knew why these sites had a maximum to the amount a player can win during one roll.
Some one could place a 1btc bet on a roll and hit the win. If there wouldn't be that set maximum amount the entire house would loss everything.
Then the site would have to shutdown.
So I do not think this would be the reason why they would start a business in the first place with the intention of losing it all.
Do you atleast agree with that?

thats good mate it defend on luck but its not only in dice its on all the gambling game that even if you try harder to win the big chance of lossing is always stake.

And how can we possibly win on the gambling games when 1 is to many the chance of beating the game.like in roulette how many option to bet when theres only few chance of winning,and if you try to bet all the betting option.the stake is lower than you bet.thats how hard to beat the gambling

The truth behind dice is they are saying it's provably fair, okay let's believe on that. But gambling is a big business and do you think the house will just let us win too big with dice. I played dice for so many years and times, I did lost a lot of bitcoin with it either but no matter how hard I try to believe on that "fair" still I keep on losing. It only triggers me to gamble more when I keep on losing.

As you said, you answered it already. There's no way to beat the house in dice and then you are asking why the house win? It's their game, it's their system/script and etc. you know they won't put themselves to let their players have the big chance of winning on their end.

You know it, but you still do it?


That's such a question which cannot be answered by us (the players) but only those who hold it (admins and devs of the dice sites where you play).


Luck factor. And by saying that, I don't mean that something comes in you as a feeling that makes you believe that such minute is ^lucky^ for you, but this factor is based on the number of bets that it carries and the rolls that come out.


A question which remains unanswered always, none here could answer this. If house lets us win alone (or at least win at a better consistency), won't they go bankrupt?

It is possible to hit a big jackpot, but the dice game is designed that you will always end up as a loser at the long run.

Think about it like that, the profit/risk is always lower then 1.00, which means that if you are risking a doubleup(50% chance), you will get less then 1 of the money you invested, so the casino is always taking a cut.

Also, take in your mind that some casinos are rigging the outcome, which means that sometimes when you are supposed to win you are actually presented as a loser.

Basically I prefer on dice game in a gambling site than any other games because it's more simple. Well though it's often annoying, but it can be a saturated reliever when filling in a time gap with no activity. Strategy indeed it's really needed on dice game, but I personally do not really care about the many strategies, I just playing with the intention having fun and trying to win as much as I can.

The probable fairness of the probability can not be proven in the short term. Run tests with thousands of bets at the same odd and you would see that odds never lie. But that can't be done for free on dice websites so players always end up seeing the short term effects which could be turned against them, and as the house indicstes, with higher probability. Thing is, when you lose everything, there is no getting back. That's what keeps dice websites alive.

You must understand that the dice games depends on the luck of the player and not on any other factor. The skills and expertise of the player has nothing to do with the game. Even experienced players get wiped of their balance in dice and they end up with zero balance.

Any strategy that you try on dice, you need to stop at a certain time. This is because your bankroll in finite and the maximum payout of the casino is fixed Hence running a dicebot with any strategy will ultimately end up in you getting busted even if that method is so called full-proof. As a matter of fact there is nothing called full-proof in gambling.