What are the chances to get a 13+ losing streak?

Superhitech

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Quote from: ndnh on August 13, 2016, 06:24:24 AM

Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

The probability of a losing streak of 13 at 50% win chance is 0.5^13 = 0.00012207031 or 0.012207031% or once every 8192 rolls.

I didn't realize the odds were that low, funny that it happens to me often Sad

Quote from: jacee on August 12, 2016, 09:23:51 PM

Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

I don't know how you calculate it but based on my experience, there is a higher odds of getting a loosing streak if you have a higher bet. Most I have encountered is 12 red streak.

I think this is more of a psychological thing; I've also found that it seems like when you bet higher, you lose more. However, the sites are provably fair; they can't do this. It's all in the mind, as we tend to care more about our bet when the amount we bet is higher.

Either way, OP, if you were trying to find the odds to try and make a profit off dice, I'd advise against it, as the house always wins in the long run.

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Quote from: deadlyunknown on August 13, 2016, 11:50:03 AM

Quote from: Daffadile on August 13, 2016, 10:54:13 AM

Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

Read this : https://wizardofodds.com/image/ask-the-wizard/streaks.pdf

So 13x in a row means 1 to the power of 2 13x =

Number of roll :1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13.
Odds of roll " 1 2 4 8 16 32 64 128 256 512 1024 2048 4096

So your odds of 13x loses in a row are 1/4096

or 0.025%

Maybe this percentage will grant the site owner some large sums of cash. This will be a celebration for the owner.

Yes is will. The percentage this happens is very low but remember it could go the other way around just as easily (well it should) if the house is fair.
Though it is very less likely someone will bet a larger amount this many times in a row so the likeliness that the 13x loses in a row will far outweigh 13x wins in a row based on the fact people wont go all in that many times.

deadlyunknown

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Quote from: Daffadile on August 13, 2016, 10:54:13 AM

Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

Read this : https://wizardofodds.com/image/ask-the-wizard/streaks.pdf

So 13x in a row means 1 to the power of 2 13x =

Number of roll :1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13.
Odds of roll " 1 2 4 8 16 32 64 128 256 512 1024 2048 4096

So your odds of 13x loses in a row are 1/4096

or 0.025%

Maybe this percentage will grant the site owner some large sums of cash. This will be a celebration for the owner.

newcripto

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You can not calculate how and when these loosing streaks will appear because you are not playing alone. The script calculate the number generally by taking in consideration total number of bets played by all active players. This is what mess up things and any player can have many times loosing streaks in a row. Exact or near percentage may be possible if you were alone rolling dice in my understanding.

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Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

Read this : https://wizardofodds.com/image/ask-the-wizard/streaks.pdf

So 13x in a row means 1 to the power of 2 13x =

Number of roll :1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13.
Odds of roll " 1 2 4 8 16 32 64 128 256 512 1024 2048 4096

So your odds of 13x loses in a row are 1/4096

or 0.025%

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Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

well actually if you calculate it, 50% meaning you will loss 1 out of 2 bet but dice doesnt go that way, i don't know how they calculate it but it is 50% chance in my opinion that you will have this kind of streak, but there is this called house edge, which give more chance for the 13 straight loss. as stated in here

Quote from: BTCLovingDude on August 13, 2016, 10:08:10 AM

Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

i am not good at math and besides ndnh has already done the math but what i know based on my personal experience with playing dice for a long time is that : this losing streak of 13 reds and even more in 20-30 reds in a row will surely happen to you one day when playing at 50% chance and there is no escape from it.

and knowing this is enough for me to alter my strategy to have more fun and maybe win a little bit more.

there is real and it happen almost every day. that is if the bankroll of the player can hold such huge lossing streak.

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Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

i am not good at math and besides ndnh has already done the math but what i know based on my personal experience with playing dice for a long time is that : this losing streak of 13 reds and even more in 20-30 reds in a row will surely happen to you one day when playing at 50% chance and there is no escape from it.

and knowing this is enough for me to alter my strategy to have more fun and maybe win a little bit more.

Shinpako09

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Quote from: btcdevil on August 13, 2016, 04:38:00 AM

I had my bad experience with bustabit.com site where i was in 2 odds and i went from 0.01 to 0.8btc due to greedy i did not stop and the autobot was running in midnight when i was sleep they went till 32 red streak and i lost all my bankroll including my investment also. So it was lesson for me to not run the autobot just play for some time and come out if you are in winning. so their are full chances of red streak if you are playing continuously.

That was a nice run only if you withdraw. If I were you I wont leave autobot running. I will keep my eye on the screen. Anyway, your right the chance of getting a long streak will become higher if you play continously.

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Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

Well, it's a bit hard to count that. I mean, every people always not same in the chance to get a 13+ losing streak playing dice. What i'm sure is the chance become increase if you doubling your bet.

maku

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While occurrence of multiple same outcomes in a row seems impossible after couple rolls. After 7 rolls your probability is lowered to 0.0078125 (less than 1%).
But it is not impossible to witness amazing 'coincidences' like that historical Monte Carlo Casino occurrence - in a game of roulette the ball fell in black 26 times in a row.

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Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

for my experience for me i always use my to follow my guts where i bet low everytime i win because in playing theres no assurance that you are going to win in every other round it always luck if you choose the right way sometime the losing steak is up to 16 plus if you playing dice make sure that you dont greed all your money because you will get nothing.

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Quote from: Blitzboy on August 13, 2016, 06:59:06 AM

Honestly you dont need to calculate it because dice game is base on luck there is no strategy in dice game.
This is just like coin flip that base on luck, you are just wasting your time to calculate the winning streak or losing streak..

The whole game of gambling is about odds and you say you don't need to calculate your odds? That's the worst advise I ever read..

The numbers to hit a 13+ streak have been presented here, but they are only relevant if you want to bet specifically on hitting a 13+ streak.

The odds per roll remain 50% so every bet you make has a 50% chance of winning. These odds only become relevant when you want to calculati your a priori chance of hitting such a streak.

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Honestly you dont need to calculate it because dice game is base on luck there is no strategy in dice game.
This is just like coin flip that base on luck, you are just wasting your time to calculate the winning streak or losing streak..

buddu

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I also have lost once or twice having more than 13 loosing streaks in a row though chances are very low but this can happen to anyone as many players are active same time. You may be that unlucky to this can appear over and over again. We make mistake we go purely based on mathematical calculation in fact gambling doesn't follow any strict rules. I have seen with 62.5% winning chances 5 loosing streaks but later continuous winning streaks made balance in streaks appearance.

xuan87

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If you plan to use this mathematical and then try to play it on dice site, i will suggest you to not try it, every roll possessed the same winning and lose chance which is 50%, so no need to do complex calculation, you are going to lose your game and it has been proven by most gambler that they have lost more than 13 times in streak and for my self i have lost 15 times in streak

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Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

The probability of a losing streak of 13 at 50% win chance is 0.5^13 = 0.00012207031 or 0.012207031% or once every 8192 rolls.

Quote from: jacee on August 12, 2016, 09:23:51 PM

Quote from: zacc255 on August 12, 2016, 09:12:42 PM

Hi guys, does anyone here knows what are the mathematical chances to get a 13+ losing streak playing dice with 50% chances of winning? Or how you can calculate it?

I don't know how you calculate it but based on my experience, there is a higher odds of getting a loosing streak if you have a higher bet. Most I have encountered is 12 red streak.

Unless you are playing at 999dice, yobit dice or any other not provably fair and possibly rigged dice sites, no.

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Quote from: maxhor on August 13, 2016, 05:28:35 AM

I think 13+ losing streak is not so high to get worried about it with 50 win chance, some people got more higher losing streak with 2x payout, so many times I got 20+ losing streak by playing on dice game but it happening with martingale and which is bad strategy to play on dice site.

Unfortunately, the fact is that a long win streak can and will happen, and I usually drop out at a 5 streak. Cutting losses in gambling is difficult, and it's hard to even make short-term profit, but if you do it right, you'll lose a lot less than you would've lost going on a losing train.

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Quote from: pedrog on August 13, 2016, 04:30:44 AM

The probability is 100%, it will eventually happen as your number of rolls increase, if you make enough rolls you will get a 1000 losing streak, it's an inevitability.

if every roll is not related with the roll before you can also hit an infinite negative streak Sad

.

maxhor

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I think 13+ losing streak is not so high to get worried about it with 50 win chance, some people got more higher losing streak with 2x payout, so many times I got 20+ losing streak by playing on dice game but it happening with martingale and which is bad strategy to play on dice site.

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Quote from: Vinz24 on August 13, 2016, 04:23:02 AM

Based on my experience the last time I gamble, my loosing streak go up to 15 and its stops right there. Because I already loose all my investment, if not maybe it will go up to 20.

Lol that is so funny I think we should save ourselves all this technicality of understanding how this thing works. The most important rule in gambling should be adhered to in all circumstances and that is bet what you can afford to lose and save yourself in understanding what's behind me losing or winning... My opinion though...

Topic: What are the chances to get a 13+ losing streak? (Read 1408 times)