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Topic: Is there a Bitcoin Dice Simulator to test if a strategy works (Read 1336 times)

legendary
Activity: 2030
Merit: 1030
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I think there is a site that actually you can test that has freecoin but most of the bitcoin related gambling are faucet bonus..
Like pocket dice i think they have trial.. but i heard that site is scam as of now.. better to dont try you are just wasting your time but if its study purposes its your decision..
hero member
Activity: 686
Merit: 521
other than using faucets to claim free coins to try all sorts of strategies
i have found crypto-games casino to have a wide selection of popular cryptocurrencies for this sole purpose.
But coming to think of it...play money or whatever we can call it is just some form of deception throwing us off what realty holds and we tricked we can win just like playing with faucet funds when the opposite actually happens.
tyz
legendary
Activity: 3360
Merit: 1533
Your approach is called martingale and is already a long applied strategy. You raise the bet when you lose and go back to the initial bet when you win.

I have tried this at my beginnings of Bitcoin also, but had never succeed, since at some time the balanced was exhausted. I had also been heard the same thing by others. That is why I do not believe in the long-term success of the strategy.

I came up with a new strategy that I think will win over the course of 1 Billion rolls. I found out that Wizard of Odds used to offer such a challenge for other casino games such as Roulette and Blackjack.

The system requires a large balance and very small bet amounts and is not a Martingale. Essentially, this is a strategy that is perfect for automated betting. Whenever I've tried a similar version, given a fair balance I've never lost. However, I also used larger bets and had a smaller bankroll than this strategy requires.

I found a similar site at satoshidicebreaker, but the unit spread is too small, and only allows you to bet at 50%.

Sure, there's a chance this will lose in a session, but I think the odds are astronomically low. Like way lower than .50524.

I'm interested if there is a website that lets you test this theory, like where you can input a starting balance, a bet size, and a winning percentage.

Here's something I came up with in JavaScript

Code:
var balance = 1000000000;
var bets = 0;
var betSize = 10;
var loseMultiplier = .112;
var winPercent = .10;
   
while (balance > 0) {
    var result = Math.random() >= 0.9 : "win" : "loss";
    if (result == "win") {
        balance += betSize;
        betSize = 10;
    }
    else {
        betSize += (betSize * loseMultiplier);
        balance -= betSize;
    }
    bets++;
}

document.getElementById("bets").innerHTML = "You have lasted " + bets + " bets";
hero member
Activity: 1190
Merit: 525
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You can use the faucet of gambling sites to try your strategy also. You can use 1 satoshi per bet or more few satoshis to test it. So, when you want to try the strategy for real you just multiply the values your tried on your experiment.

This way you can observe how often the consecutive losses happen, how long your bankroll survive, etc... Observe the averages.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
snip
is not a Martingale

You said it is not a martingale but it is martingale. You increase your betsize by 11.2% every time you lose and reset it to 10 if you win. That is no different to martingale, only modified a bit. This is bound to lose like any other martingale there is.

Quote
    var loseMultiplier = .112;

            betSize += (betSize * loseMultiplier);


Nice catch, then it is martingale after all, but instead of doubling he just raises his bets by a smaller percentage, so that will give him more tries than the ones following classic martingale but at the end of the day it is going to lose like any other system based on martingale.
legendary
Activity: 1162
Merit: 1002
Seuntjies DiceBot is a good start to test your strategies.

You could use the DiceBot and our offer with Crypto-Games.net.
They offers play money dice, so you could test it for free in real environment.
Then when you are ready for real, you will also get 22% dice rakeback from the house edge with us.


Good luck
hero member
Activity: 756
Merit: 505
You can try this on Seuntjies DiceBot. It has an option to simulate your strategy. Though I would say that even if you simulate this thousands of times, you'll just get different results in the end if you go for hundreds of thousands of rolls on it. I don't think this formula of yours will win over the casinos. The bots were allowed into the casinos because they know that no matter what systematic betting the bot does, there is no way it can beat the casino at its game.

I tried this before too. I used Seuntjies dicebot's simulator and the results were positive. But in the actual run what happened was that I still lost the whole bankroll after a few thousand bets on the strategy I formulated. So I think that any strategy regardless if it does work on the simulator, it will still lose in the actual run. It's just an illusion that you can win against the casino.
hero member
Activity: 2814
Merit: 526
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Are you sure about this? I thought a Martingale was only doubling your wager after a loss
Yes, the main point of martingale is sum up your loss no matter how much you bet and go back to base bet if you win IIRC.
As far as I know, you could try with Testnet Coin on gambling site to try out your strategy.
legendary
Activity: 1582
Merit: 1059
I wish you the best of luck with your system. As usual I don't think it will work in the long term.
If the house as the edge, you will lose in the long term, that is normal statistics. As for the huge bankroll, aren't there limits in dice sites? As it also happens on roulette etc. That is the problem with martingale or variations like yours. There will be a moment where you can't increase your bet, and you will go on a loss, and in the long term, it will be impossible to recover from that, since it will happen more than once.
hero member
Activity: 1008
Merit: 510
This method seems to work because you are making very small bets and the odds of getting a very long string of losses seems unlikely. However, I think you will find that you have to make an extremely huge number of bets to make a significant profit. And over the course of that extremely huge number of bets, the odds are that you will get a very long string of losses somewhere in there. I just don't think you can change the odds in gambling when it's a game of chance like dice.
hero member
Activity: 882
Merit: 506
You can try this on Seuntjies DiceBot. It has an option to simulate your strategy. Though I would say that even if you simulate this thousands of times, you'll just get different results in the end if you go for hundreds of thousands of rolls on it. I don't think this formula of yours will win over the casinos. The bots were allowed into the casinos because they know that no matter what systematic betting the bot does, there is no way it can beat the casino at its game.
legendary
Activity: 1372
Merit: 1000
There used to be multiple sites which allowed you to play with free test chips. Can't find anything now. You can always generate a seed and see the possible rolls and do the simulation on the results yourself, since you do have some coding experience.
legendary
Activity: 1750
Merit: 1115
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I came up with a new strategy that I think will win over the course of 1 Billion rolls. I found out that Wizard of Odds used to offer such a challenge for other casino games such as Roulette and Blackjack.
For a specific site or any random site ? Of course has to be based on a particular site.

The system requires a large balance and very small bet amounts and is not a Martingale. Essentially, this is a strategy that is perfect for automated betting. Whenever I've tried a similar version, given a fair balance I've never lost. However, I also used larger bets and had a smaller bankroll than this strategy requires.
What exactly the strategy works ? How much other stats to be set for it to work ? Need more of a technical explanation man.I will check out the code later.
Maybe try working it out with free faucets if not a simulator.Set up a bitcoin dice game on your local machine using one of the open source repos.

hero member
Activity: 700
Merit: 500
Massive price drop coming...
This is still martingale bro.. and i think there is no dice simulator but you can try this method in some dice site that offering few bitcoins in their faucet..
That you can use for testing.
And i think this is still will be the same result in the end because you are using martingale stratregy not in double when lose but the percentage increase are just the same as martingale.. 
legendary
Activity: 3234
Merit: 1399
Join the world-leading crypto sportsbook NOW!
I think martingale is usually about doubling the amount but, as people said, your system looks like a modified martingale. And a huge bankroll is needed in martingale system as well.
I guess you can take some faucet in casino and try the system. Or use like 10$ playing with the initial bet amount of 1 satoshi.
Perhaps you can try it in play for fun mode, because you'll have an infinite amount of bets but it will be hard to calculate whether you'll win when every bet will count as zero.
Good luck but be careful. There is always a small possibility you won't have enough money for the final refund and will lose the hell lot of money.
legendary
Activity: 1400
Merit: 1009
Try the dice at fortunejack maybe? you get 100 tokens/fjc to gamble with, that should be enough to test right?
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
i think there are bitcoin dice simulator that we can play to trying our strategy but i think its not the same if we played with the real online gambling. maybe our strategy will work in bitcoin dice simulator but its not guarantee will work to in real dice gambling.
legendary
Activity: 3234
Merit: 1214
casinosblockchain.io
If you wanna try the strategy that's been developed by you find an online dice site through Google and test the strategy without placing bet amount. If it's successful, move to a gambling website and play placing good amount to get doubled or tripled.  Remaining takes place based on the luck.
newbie
Activity: 12
Merit: 0
I have just tried this out. It seems to work pretty well.

In my first try, I got

You have lasted 134045119 bets

https://jsfiddle.net/dd1atesr/1/

Also, that doesn't simulate the odds of this happening in real life, because there would be times where you would stop the program.
newbie
Activity: 12
Merit: 0
snip
is not a Martingale

You said it is not a martingale but it is martingale. You increase your betsize by 11.2% every time you lose and reset it to 10 if you win. That is no different to martingale, only modified a bit. This is bound to lose like any other martingale there is.

Quote
    var loseMultiplier = .112;

            betSize += (betSize * loseMultiplier);



Are you sure about this? I thought a Martingale was only doubling your wager after a loss
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