thanks goat : *
Topic: Just-Dice.com : Invest in 1% House Edge Dice Game - page 187. (Read 435353 times)
goat quote from memory when he arrived on JD. I'm not a whale, I don't gamble very much...
goat lost $20,000 + which is a shame, but that did pay for my dinner which was kind of him
goat lost $20,000 + which is a shame, but that did pay for my dinner which was kind of him
filters
used the site yesterday, pretty fun and pretty fast.
only bad thing was no day spa, you lose 200 btc in 60 seconds you expect a day spa!!
hehe just kidding, best of luck all.
only bad thing was no day spa, you lose 200 btc in 60 seconds you expect a day spa!!
hehe just kidding, best of luck all.
I wonder if there would be any interest in a "high roller" version of the site where the house edge is 5%, but all big players get shipped luxury items for playing.
For some reason I thought of an airplane catalog and the stuff in it for sale XD
used the site yesterday, pretty fun and pretty fast.
only bad thing was no day spa, you lose 200 btc in 60 seconds you expect a day spa!!
hehe just kidding, best of luck all.
How you lose so much in 60 second? What were you betting? only bad thing was no day spa, you lose 200 btc in 60 seconds you expect a day spa!!
hehe just kidding, best of luck all.
used the site yesterday, pretty fun and pretty fast.
only bad thing was no day spa, you lose 200 btc in 60 seconds you expect a day spa!!
hehe just kidding, best of luck all.
only bad thing was no day spa, you lose 200 btc in 60 seconds you expect a day spa!!
hehe just kidding, best of luck all.
I wonder if there would be any interest in a "high roller" version of the site where the house edge is 5%, but all big players get shipped luxury items for playing.
1000 * 3.5% = 35 BTC
~= $3500
A round-trip cross-country plane ticket with hotel paid?
Sounds like fun!
Hell, you could fly high rollers to the spa and back
used the site yesterday, pretty fun and pretty fast.
only bad thing was no day spa, you lose 200 btc in 60 seconds you expect a day spa!!
hehe just kidding, best of luck all.
only bad thing was no day spa, you lose 200 btc in 60 seconds you expect a day spa!!
hehe just kidding, best of luck all.
I wonder if there would be any interest in a "high roller" version of the site where the house edge is 5%, but all big players get shipped luxury items for playing.
Server reboot. Back up very soon.
Deb
Deb
http://www.npr.org/2013/01/29/170588505/scientists-discover-dung-beetles-use-the-milky-way-for-gps
I need to get some dung beetles. They might know the outcome of the next roll.. magic seeds, dragon babies, and dung beetles watching the milky way galaxy.
"Okay, Mr. Beetle, should I roll HI or roll LO ?"
... waiting ...
I need to get some dung beetles. They might know the outcome of the next roll.. magic seeds, dragon babies, and dung beetles watching the milky way galaxy.
"Okay, Mr. Beetle, should I roll HI or roll LO ?"
... waiting ...
I realize Just-dice has a lot of variance, and I'm not going to be upset with the site if I log in for a monthly review and see at a glance that my 0.14 BTC invested is down 0.001 at the moment (for example), but I very well might get upset if I have to do several minutes of calculations just to find that out.
Just to be clear, are you happy with what's currently shown?
Congratulations on producing a great site! Keep up the good work! And congratulations also on your resolution for that issue that came up a week or so ago--I would have hated to see you get frustrated because of that and lose interest in maintaining the site. In the future, if there is ever any kind of glitch and my account gets credited with anything it wasn't supposed to, please don't hesitate to roll back the transaction. I'm sure my bank would do the same without any second thoughts.
Don't discourage him from playing, it's good for investors.
I can do 15000 rolls of the same size. (what i've been doing lately, actually)... I just gave 10 BTC profit to the site a couple days ago, but I intend to take that back. hehehe. (disclaimer: Dabs is not an investor at the moment.)
Doing 15000 rolls of the same size and chance has an expected value that is 15000 times that of a single roll.
So unless you found a single roll with a positive expectation, this doesn't sound like a good idea.
Disclaimer: I'm relying on facts in this analysis. Not magic, or dragons. So it may not apply to you.
I can do 15000 rolls of the same size. (what i've been doing lately, actually)... I just gave 10 BTC profit to the site a couple days ago, but I intend to take that back. hehehe. (disclaimer: Dabs is not an investor at the moment.)
I made some simple calculations to find how many bets (of the same size) you need
to be 95%-confident that the house is positive, on the 1% edge.
And it's around 15000.
on JD of course bets are of unequal (and dependent) sizes, but only big ones are relevant.
So if whales come and start making those 300+ rolls, they better make at least 15000 of them.
Gives you an idea of how long-term your investment should be.
to be 95%-confident that the house is positive, on the 1% edge.
And it's around 15000.
on JD of course bets are of unequal (and dependent) sizes, but only big ones are relevant.
So if whales come and start making those 300+ rolls, they better make at least 15000 of them.
Gives you an idea of how long-term your investment should be.
95% = 2 SD
For anyone following the 2 Standard Deviation theory around here.
doesn't answer the same question, but yeah it's about 95% as well
I made some simple calculations to find how many bets (of the same size) you need
to be 95%-confident that the house is positive, on the 1% edge.
And it's around 15000.
on JD of course bets are of unequal (and dependent) sizes, but only big ones are relevant.
So if whales come and start making those 300+ rolls, they better make at least 15000 of them.
Gives you an idea of how long-term your investment should be.
to be 95%-confident that the house is positive, on the 1% edge.
And it's around 15000.
on JD of course bets are of unequal (and dependent) sizes, but only big ones are relevant.
So if whales come and start making those 300+ rolls, they better make at least 15000 of them.
Gives you an idea of how long-term your investment should be.
95% = 2 SD
For anyone following the 2 Standard Deviation theory around here.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
I made some simple calculations to find how many bets (of the same size) you need
to be 95%-confident that the house is positive, on the 1% edge.
And it's around 15000.
on JD of course bets are of unequal (and dependent) sizes, but only big ones are relevant.
So if whales come and start making those 300+ rolls, they better make at least 15000 of them.
Gives you an idea of how long-term your investment should be.
to be 95%-confident that the house is positive, on the 1% edge.
And it's around 15000.
on JD of course bets are of unequal (and dependent) sizes, but only big ones are relevant.
So if whales come and start making those 300+ rolls, they better make at least 15000 of them.
Gives you an idea of how long-term your investment should be.
That's very interesting, thanks for sharing.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
16
is quite lean
so go for 32
you'll surely hew
if that didn't work
don't go berserk
jump to 64
it's an easy chore
missed that
go for a clap
raise the stake
and bet 128
oh fuck
such a bad luck
now it's two-five-six
this i need to fix
great, maximum bet
i've already lost a corvette
now y'all look at me
coz this you gotta see
yolo one, yolo two, yolo three
is quite lean
so go for 32
you'll surely hew
if that didn't work
don't go berserk
jump to 64
it's an easy chore
missed that
go for a clap
raise the stake
and bet 128
oh fuck
such a bad luck
now it's two-five-six
this i need to fix
great, maximum bet
i've already lost a corvette
now y'all look at me
coz this you gotta see
yolo one, yolo two, yolo three
This needs some love.
Dito
I made some simple calculations to find how many bets (of the same size) you need
to be 95%-confident that the house is positive, on the 1% edge.
And it's around 15000.
on JD of course bets are of unequal (and dependent) sizes, but only big ones are relevant.
So if whales come and start making those 300+ rolls, they better make at least 15000 of them.
Gives you an idea of how long-term your investment should be.
to be 95%-confident that the house is positive, on the 1% edge.
And it's around 15000.
on JD of course bets are of unequal (and dependent) sizes, but only big ones are relevant.
So if whales come and start making those 300+ rolls, they better make at least 15000 of them.
Gives you an idea of how long-term your investment should be.
16
is quite lean
so go for 32
you'll surely hew
if that didn't work
don't go berserk
jump to 64
it's an easy chore
missed that
go for a clap
raise the stake
and bet 128
oh fuck
such a bad luck
now it's two-five-six
this i need to fix
great, maximum bet
i've already lost a corvette
now y'all look at me
coz this you gotta see
yolo one, yolo two, yolo three
is quite lean
so go for 32
you'll surely hew
if that didn't work
don't go berserk
jump to 64
it's an easy chore
missed that
go for a clap
raise the stake
and bet 128
oh fuck
such a bad luck
now it's two-five-six
this i need to fix
great, maximum bet
i've already lost a corvette
now y'all look at me
coz this you gotta see
yolo one, yolo two, yolo three
This needs some love.
nope:
1) if insuring was free, then implementing it would be a waste
2) if it had a cost, it would be a disservice to users: a way to con them into giving us more money without real benefits
3) if we did it anyway, we might end up into a paradox where if a user loses (x-1) times in a row, it's better for him to lose his next bet than to win it
1) if insuring was free, then implementing it would be a waste
2) if it had a cost, it would be a disservice to users: a way to con them into giving us more money without real benefits
3) if we did it anyway, we might end up into a paradox where if a user loses (x-1) times in a row, it's better for him to lose his next bet than to win it
im not clear on what you mean with number 1. do you mean the house pays out the same as expected losses with no fee on top? that wouldnt be any different that allowing people to place 0btc bets, right? and people do that all the time.
it appears as if your 2nd point applies to JD as a whole as well. it has a negative expected value, it benefits some and costs others, the math is explained completely, and its all just for fun anyway. insurance is the exact same thing. As far as benefits, thats up to the user to decide for themselves.
there may be times when people benefit more if they lose the next bet, but isnt that kinda a cool scenario? sometime people are trying to win on the next roll and sometime they are trying to lose...that sounds really fun and interesting to me. either way, they dont have control over the roll, so whats the difference?
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