Satoshi Mines true probabilities and edges

cristianomiyake

newbie

Activity: 3

Merit: 0

You can make all the calculations yourself, the blog posting shows you how to do it

That's the point of the article, to allow you to calculate probabilities for yourself and compare them to the odds being offered

http://gamblingmath.blogspot.co.uk/2015/01/calculating-true-probability-of-satoshi.html

hope it helps

elephantas1

sr. member

Activity: 378

Merit: 250

Quote from: Minnlo on January 11, 2015, 11:24:23 AM

If you want to minimize the house edge, you should always play the 1-bomb game and cashout after making 1 dig.
The house edge would be about 0.16% only.

maybe you can post the calculations you made and got this number?

Minnlo

hero member

Activity: 868

Merit: 1000

If you want to minimize the house edge, you should always play the 1-bomb game and cashout after making 1 dig.
The house edge would be about 0.16% only.

cristianomiyake

newbie

Activity: 3

Merit: 0

I thought some people might find these couple of posts useful.

Tells you how to calculate the probability of Satoshi Mines games for yourself:

http://gamblingmath.blogspot.co.uk/2015/01/calculating-true-probability-of-satoshi.html

And this one shows you the true probability and true odds vs the actual odds in 25 squares vs 3 bombs

http://gamblingmath.blogspot.co.uk/2015/01/whats-edge-in-satoshi-mines-25-squares.html

And it also shows you how the edge changes in the game

http://2.bp.blogspot.com/-K9UAjtsX8qs/VLKaFSfLQtI/AAAAAAAAAI8/JVb5x8zWLuc/s1600/Screenshot%2B2015-01-11%2B15.42.53.png

Look how your edge gets worse up until guess 7 before it gets better again

Anyways, hope you find the articles useful.

Thanks

Cristiano - @cristianomiyake - http://gamblingmath.blogspot.co.uk/

Topic: Satoshi Mines true probabilities and edges (Read 1960 times)