Did anyone ever code this up?
Yes, I did. The code is in the 4th post, there in all it's glory.
Topic: Satoshi Dice - how to last longer (Read 21177 times)
Yes, I did. The code is in the 4th post, there in all it's glory.
Did anyone ever code this up?
Well it was a thread to long laster. Which can happen throuh other means as well.The main aim of gamblin is to win. Since its -EV no matter what, you might as well gamble your own way .
I like your thinking OP. Refreshing to see some math in these gambling threads 
Did anyone ever code this up?
Now I get it, that extra bracket makes all the difference! Yea, forgot about order of operations 
If you don't mind, there is a maths issue that is killing me!
>> m = 1 / (1 - 1 / r)
For the formula is brackets, why is it 1-1? I'm thinking the final fraction gets transformed to r/(1-1) but I still don't get how m =1.142857
Cheers!
>> m = 1 / (1 - 1 / r)
For the formula is brackets, why is it 1-1? I'm thinking the final fraction gets transformed to r/(1-1) but I still don't get how m =1.142857
Cheers!
m = 1 / (1 - 1 / r) == 1 / (1 - (1 / r) )
Order of operations...
If you don't mind, there is a maths issue that is killing me!
>> m = 1 / (1 - 1 / r)
For the formula is brackets, why is it 1-1? I'm thinking the final fraction gets transformed to r/(1-1) but I still don't get how m =1.142857
Cheers!
>> m = 1 / (1 - 1 / r)
For the formula is brackets, why is it 1-1? I'm thinking the final fraction gets transformed to r/(1-1) but I still don't get how m =1.142857
Cheers!
m = 1 / (1 - 1 / r) == 1 / (1 - (1 / r) )
If you don't mind, there is a maths issue that is killing me!
>> m = 1 / (1 - 1 / r)
For the formula is brackets, why is it 1-1? I'm thinking the final fraction gets transformed to r/(1-1) but I still don't get how m =1.142857
Cheers!
Source:
1. r = 8
2. bets = 100
3. max = 1 btc
4. p = 8000/65536, q = 1 - p
5. m = 1 / (1 - 1 / r)
6. n = round(-log (bets * p + 1) / log( q ))
7. init = max / sum( m ^ ( 1 : n ) )
8. % fee loss = (1-(init * m ^ n * r - 0.0005)/(init * m ^ n * r)) * 100
then
m = 1.142857
init = 0.009294345
% fee loss = 0.04653956%
As above, with fees and return on loss:
7. init = max / sum( m ^ ( 1 : n ) )
8. % fee loss = (1-(init * m ^ n * r - 0.0005)/(init * m ^ n * r)) * 100
then
m = 1.142857
init = 0.009241403
% fee loss = 0.04680618%
>> m = 1 / (1 - 1 / r)
For the formula is brackets, why is it 1-1? I'm thinking the final fraction gets transformed to r/(1-1) but I still don't get how m =1.142857
Cheers!
Source:
1. r = 8
2. bets = 100
3. max = 1 btc
4. p = 8000/65536, q = 1 - p
5. m = 1 / (1 - 1 / r)
6. n = round(-log (bets * p + 1) / log( q ))
7. init = max / sum( m ^ ( 1 : n ) )
8. % fee loss = (1-(init * m ^ n * r - 0.0005)/(init * m ^ n * r)) * 100
then
m = 1.142857
init = 0.009294345
% fee loss = 0.04653956%
As above, with fees and return on loss:
7. init = max / sum( m ^ ( 1 : n ) )
8. % fee loss = (1-(init * m ^ n * r - 0.0005)/(init * m ^ n * r)) * 100
then
m = 1.142857
init = 0.009241403
% fee loss = 0.04680618%
Is the house edge reset after a certain amount of time? Or does it track you always?
The house edge is dependant on the bets you take. See the Satoshi dice statistical analysis thread for more details.
Is the house edge reset after a certain amount of time? Or does it track you always?
That isn't exactly why I wrote it - you'll still lose all your money, but it could take way longer to do it. The reason is that the house has an edge, and that means if you play it for long enough, you'll always lose. But if you have a coin or two to play with an want some entertainment, then this is as safe a martingale as there can be. As long as you follow the strategy outline in the OP.
I see, well if I had followed this method I wouldn't have lost all my money 
Because that's not the method. A Martingale increases a bet to make up for lost bets. As soon as you've won, you've made up for the bets you lost and you return to the initial bet.
Mind me asking as to why this method won't work if you continue after a bet you have won?
Because that's not the method. A Martingale increases a bet to make up for lost bets. As soon as you've won, you've made up for the bets you lost and you return to the initial bet.
That isn't exactly why I wrote it - you'll still lose all your money, but it could take way longer to do it. The reason is that the house has an edge, and that means if you play it for long enough, you'll always lose. But if you have a coin or two to play with an want some entertainment, then this is as safe a martingale as there can be. As long as you follow the strategy outline in the OP.
[offtopic]
"Last longer in bed... with Satoshi Dice"
[/offtopic]
"Last longer in bed... with Satoshi Dice"
[/offtopic]
I'm waiting to see what the demand is like before I decide on whether to sell the Satoshi dice nasal spray or the Satoshi dice injection.
[offtopic]
"Last longer in bed... with Satoshi Dice"
[/offtopic]
"Last longer in bed... with Satoshi Dice"
[/offtopic]
I see, well if I had followed this method I wouldn't have lost all my money
Because that's not the method. A Martingale increases a bet to make up for lost bets. As soon as you've won, you've made up for the bets you lost and you return to the initial bet.
Mind me asking as to why this method won't work if you continue after a bet you have won?
Because that's not the method. A Martingale increases a bet to make up for lost bets. As soon as you've won, you've made up for the bets you lost and you return to the initial bet.
That isn't exactly why I wrote it - you'll still lose all your money, but it could take way longer to do it. The reason is that the house has an edge, and that means if you play it for long enough, you'll always lose. But if you have a coin or two to play with an want some entertainment, then this is as safe a martingale as there can be. As long as you follow the strategy outline in the OP.
I see, well if I had followed this method I wouldn't have lost all my money
Because that's not the method. A Martingale increases a bet to make up for lost bets. As soon as you've won, you've made up for the bets you lost and you return to the initial bet.
Mind me asking as to why this method won't work if you continue after a bet you have won?
Because that's not the method. A Martingale increases a bet to make up for lost bets. As soon as you've won, you've made up for the bets you lost and you return to the initial bet.
Mind me asking as to why this method won't work if you continue after a bet you have won?
Because that's not the method. A Martingale increases a bet to make up for lost bets. As soon as you've won, you've made up for the bets you lost and you return to the initial bet.
Mind me asking as to why this method won't work if you continue after a bet you have won?
If you lose, you increase the bet as per schedule. If you win, you return to the initial bet. If you don't do that, then the strategy cannot work. Try it, and post how you went.
Yes, but sometimes I get bold and go ahead after a winning! With good results though know I look silly with all the losses haha
You have been resetting back to 0.010562 after any win?
Also, it starts getting ugly after 50 bets! I have 3 existing bets I have to resume which are past stage 50 to get my money back 
You have been resetting back to 0.010562 after any win?
If you lose, you increase the bet as per schedule. If you win, you return to the initial bet. If you don't do that, then the strategy cannot work. Try it, and post how you went.
OK< will let you know how that goes then as soon as I get more bitcoins 
Yes, but sometimes I get bold and go ahead after a winning! With good results though know I look silly with all the losses haha
You have been resetting back to 0.010562 after any win?
Also, it starts getting ugly after 50 bets! I have 3 existing bets I have to resume which are past stage 50 to get my money back
You have been resetting back to 0.010562 after any win?
If you lose, you increase the bet as per schedule. If you win, you return to the initial bet. If you don't do that, then the strategy cannot work. Try it, and post how you went.
Yes, but sometimes I get bold and go ahead after a winning! With good results though know I look silly with all the losses haha
You have been resetting back to 0.010562 after any win?
Also, it starts getting ugly after 50 bets! I have 3 existing bets I have to resume which are past stage 50 to get my money back
You have been resetting back to 0.010562 after any win?
Also, it starts getting ugly after 50 bets! I have 3 existing bets I have to resume which are past stage 50 to get my money back
You have been resetting back to 0.010562 after any win?
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