Just as I said (OP *) there was a Topic something very strange with an unexpected profit here (BTT, another thread, which I will not quote the reference is not worth it) at 2%. (Dice)
The casinos usually always have the minimum bet preconfigured, which on average it is $0.00001 to $0.0000001, (I have used the Fiat value corresponding amount approximate for each value of the Token) and the winchance of 50%, the reason to avoid errors.
I don't think this player didn't know that such a thing was going to happen, if I explain myself, I think it's a farce to say that it was a mistake, in fact that same user has a timeline post something questionable in its line of thought to gambling, that is, it really a fish, or is it a troll, who likes to attract attention, but it does not seem genuine to me at least that so-called profit by mistake, creating false expectations.
I have seen bets, there are guys on the Internet betting thousands of dollars on Dice and they make it appear (real but, that is fake) that it is possible to put $100 and double it in a single bet.
Well things don't work like that, that's maybe luck in the game, but it's cheating who shows it as a great triumph or a mistake that went well.
This is my Thread in response, please all games have statistical information to determine the future of your money, do not be confused, the game is clean in terms of its profitability, know what you do if you think you are going to double $100 to wC:50%, no, it is not possible.
Thanks to the user who answered several of the questions, in effect that is the value of bets.
For this example below, which does not correspond to the OP's continuity the Win#1 happened at bet 4936 , so the reality is that the event happened at 0.02% something that happens, it is normal of reality probabilistic, How you correct, well! the more bet you make the closer you get to that WC value of 0.05%, it is the mathematical probability.
it is the classic long term, that you may not have life to make all the bets you need to correct.
You can start a series like the one I showed in the OP, numer of bets 116k and have a profit of $2.48($2.45) given the expectations mentioned,
It would be a good time to stop.
where to put your "stop on win". I don't know, it might happen in the bet 10 million as in the 10k bet or 116k.
Example Visual:
Expectation:
W#1: number of BEt: 1 (expectation between 1 and 1980)
Reality:
W#1: bet number:4936
If you look at the image there is a bet difference of 8 (Lose) the reason is this:
The bet was stopped 8 bets later, but it can be stopped exactly by giving the correct "Stop Win" value. This data for the unsuspecting, not because they don't know how to place "Stop Win" but the information that it is processing does not correspond to what I am saying.
I wish you success, but honestly speaking, I expect you to lose money.
The house always have mathematical advantage against the players and in the long run, it's very unlikely that you can make profit.
I can't make any guess on the amount you will lose without knowing the house edge.
Edit:
I just noticed that the payout is 1980x for the bet with 0.05% chance. So, the house edge should be 1%.
You wagered 47 dollars in 118531 bets. So, you have wagered around $0.0004 in every bet on average.
Assuming you continue with the same amounts, you will wager around 352 dollars more and it's expected that you lose 3.52 dollars.
Given that you have made $2.4 profit, I guess that you will lose $1.12.
That's right, that was one way to determine the value of the bet.
I also gave additional data where it could be calculated: Major loss $3.51 and Biggest losing series: 8,775.
As for your wager and loss calculations, it should be $400 (exact) and estimated loss $3.96(-) e.g. for a million bets.
That is a scenario(1), in fact a very good one at best. But losses exist for various scenarios depending on the event, for example; Scenario (2): Wager $400 and loss estimates greater or less than $3.96, we do not know this value until event 1,000,000 occurs, but we have those expectations.
Scenario (x): Wager $400 and estimates of =>$0 => $0.7916(0.783684) => I don't know until the million bet occurs.
I need 505 win and I have 63.
So there are x scenarios, each complex within your expectations.
What is real, what is feasible in this example is that there are:
The bet: $0.0004
HE is 1%
The game is Dice.
WinChance is 0.05%
Win: 63
Lose:118468
The expectations is to make a million bets and reach the minimum of Win 505 (442)
What do we have or what do we carry in the reality of this case:
Profit:$2.48 Wagered:47.4124 Win:63 Lose:118468
... I think you'll get a negative profit in this strategy and I'm predicting it will be -$4.8.
* As I predicted it will be a loss.
....
+1 Ok it's possible.
...
The point is getting the data and if possible you're thinking this will be a better strategy?
In fact, I don't know why they haven't mentioned it, but I have to say that I was never going to reach a million bet by October 31. (at least not of the casino shown.)
...
It looks like a modified martingale strategy that's being used here so there might be a chance OP's actual loss/profit is smaller or larger than that. (since martingale is being used here, I'd go with the averaging figure you had above of the $3-4).
...//...,,
No.
...
...
The house always wins when taking an averages of bets, it might come out a bit different with a strategy like this (it'll likely come out similar to placing a small number of larger bets with low odds - like a 1-1.05 bet or a 94% win chance).
This example is as shown.
Do you use automatic or manual dice rolls, what is the bet amount per dice roll?
-...//...,,
Your question is serious!
I don't want to be disrespectful but I have to put the following "lol" before my first displayed paragraph for your answer.
Well, thanks again for your replys, many things have already been revealed...
