What are the odds of dice man | Bitcointalksearch.org

Phildo

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Quote from: Gubzy on April 26, 2016, 11:37:35 PM

Yeah, as someone said it really does depend. You can adjust your odds, and there is a house edge, but I am not sure if that effects the odds, and I dunno if there is a house edge on any site either. If you wanna play it safe than bet on safe odds, but remember that when your gambling nothing is really safe.

Every dice site has a house edge, that's how they make their money.

And yes it effects the odds. If there was no house edge you would get paid 2x on a 50% chance to win, because that is what is fair. If we flip a coin, it's fair for heads I give you 1 dollar, tails you give me 1 dollar. That is a fair game.

Casino games are not fair, they all translate into, flip a coin, if it lands on heads, you give me $1, if it lands on tails, I'll give you 95 cents (or something to that effect). That is the house edge.

hua_hui

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Quote from: mrcash02 on April 26, 2016, 11:32:29 PM

Everything I know is that Martingale on automatically mode never works... Manually can work for some time, but need to have luck anyway. It's a good method if you want to try some fast bets, but don't forget to stipulate max money to spend with it.

I think it's possible to find some strategies to play relatively "safe", increasing the chance to play for more time without loss. Nothing is 100% guaranteed, but it's always nice to try creating some ways to do it.

cause the house edge give the casino the probability to win. So by going auto mode, you will be playing lots and lots of games. And by probability, it will skew towards the house edge and you will loss and in the worse case, you may end up losing everything.

Gubzy

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Yeah, as someone said it really does depend. You can adjust your odds, and there is a house edge, but I am not sure if that effects the odds, and I dunno if there is a house edge on any site either. If you wanna play it safe than bet on safe odds, but remember that when your gambling nothing is really safe.

mrcash02

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Everything I know is that Martingale on automatically mode never works... Manually can work for some time, but need to have luck anyway. It's a good method if you want to try some fast bets, but don't forget to stipulate max money to spend with it.

I think it's possible to find some strategies to play relatively "safe", increasing the chance to play for more time without loss. Nothing is 100% guaranteed, but it's always nice to try creating some ways to do it.

Phildo

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Quote from: ?? on ??

Funny how you rarely read about people getting greens streaks instead of red, it's depressing reading only about losses Tongue

Because the shitheads that post here think martingale is a good idea, so when they win 10 in a row and win 10 satoshis it's no big deal, but when they lose 10 in a row and lose 2047 it's the end of the world and the site is rigged.

hua_hui

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Quote from: marioantonini on April 26, 2016, 08:30:17 PM

i have see with 98 % change to win, 3 consecutive lost (but the site are provably fair and is only unlucky).
other time, to another site i have already win 2 consecutive time for moltiplicator x2000 (but very low amount bet)

It is very common if you play a lot of times. I even have seen people with 75% win and lose like 10 times in a row etc. Math also have taught that even the probability is very low of occurring but as long as you did it a lot, chance of it happening is still very probable.

marioantonini

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i have see with 98 % change to win, 3 consecutive lost (but the site are provably fair and is only unlucky).
other time, to another site i have already win 2 consecutive time for moltiplicator x2000 (but very low amount bet)

Quartx

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Quote from: katerniko1 on April 26, 2016, 04:46:28 PM

well on dice its best to play on 2x or more multiplier because on 1.1x or 1.2x you can lose soo many times that you wont believe it

and on 2x you have more chances to go home with money

regards.
-Katerniko1

Haha I honestly read that as more chances to go home with nothing

Gwapo

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Quote from: Quartx on April 22, 2016, 05:43:41 AM

Played on a pretty popular site, lost 67% dice 6 times in a row at least 4 times in the pass hour... What are the freaking odds man

You probably had a bad day.
Nothing much to consider about odds in dice until some sites provide some kind of luck forging feature like Betterbets.
You might wanna try there and see if you can restore your luck.

katerniko1

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well on dice its best to play on 2x or more multiplier because on 1.1x or 1.2x you can lose soo many times that you wont believe it

and on 2x you have more chances to go home with money

regards.
-Katerniko1

cjmoles

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Well....there's one dice site....I won't mention the name....that has highly suspicious variance in my opinion. The problem with the site is that it is not a provably fair system so one cannot check to see if the outcomes are genuine. It would be nice to see a scatter against normal distribution to see how far they are off....I suspect that there'd be points that are WAY off the line!

mobnepal

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Lossing in a row means a lot of loss for gambler like me who keep increasing base bet everytime he loss in a hope to recover previous loss. But after lossing in a row it become really unattainable. I have gone through similar stage lossing all 0.20 btc in dice. Dice is not for me. Angry

mickiya

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You can set a percentage on the odds, But just don't forget that even if you set it high there's still chances that you'll lose. It's all based on mathematical calculation. There's a strategy called martingale but you should deposit a big amount of money. Even this strategy there are still chances that you lose your money. After all, gambling is based on your luck.

Phildo

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Quote from: Jasad on April 26, 2016, 02:46:33 AM

Quote from: Quartx on April 22, 2016, 05:43:41 AM

Played on a pretty popular site, lost 67% dice 6 times in a row at least 4 times in the pass hour... What are the freaking odds man

tha't bad,lost 67% is not pro gambler i think,you should quite from gambling or learn more about dice game. honestly i'm feel same situation when playing dice in yobit,its more than 50% my stats are lost,its why i start to stop playing dice on there.

there is nothing to learn about dice games.

It is pure luck, with an edge towards the house.

RussianRaibow

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The odds are whatever you set them to. If you set the odds to 50% win, then that's the odds. If you set them to 33% win, then that's the odds. Just because the odds are 50% doesn't mean that if you play 6 games you will automatically win 3. It's called "odds" for a reason, it's just a mathematical probability. You could loose all 6 games even with 50% odds.

Jasad

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Quote from: Quartx on April 22, 2016, 05:43:41 AM

Played on a pretty popular site, lost 67% dice 6 times in a row at least 4 times in the pass hour... What are the freaking odds man

tha't bad,lost 67% is not pro gambler i think,you should quite from gambling or learn more about dice game. honestly i'm feel same situation when playing dice in yobit,its more than 50% my stats are lost,its why i start to stop playing dice on there.

Herbert2020

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Quote from: Quartx on April 25, 2016, 09:37:07 PM

Quote from: BTC-BTC-BTC on April 25, 2016, 08:44:56 PM

Quote from: Phildo on April 22, 2016, 08:29:27 AM

Quote from: BTCevo on April 22, 2016, 08:28:12 AM

Quote from: robelneo on April 22, 2016, 07:24:06 AM

One Yobit I always play altcoin dice everytime I lost I always double my bet,double of the coin I lost so if I win one time I not only regain my lost but also gain,but I only play those coins that I got from their free coins and those low value coins,it's to risky if you have no control using this strategy ..

This is just a basic strategy called martingale. This is the most common strategy that even newbie can even use it, so it is not a big deal and you dont even need to take control of this strategy because the more balance you have it will guarantee more your chance of winning. Just need to set some good start only

Martingale is a great way to lose all your money, don't do it.

I have to agree Martingale good way to loose. I played dice game and hit over seven times in a row.

I was precisely doing the martingale method and autoing, until i came back to see everything gone haha and six reds in a row

lol, 6 reds in a row is nothing dude. it is the normal every five minutes amount of lose you can see. the biggest losing streak of mine is more than 20 reds in a row and i was doing the martingale method with 2x odds and i have even started with 1 satoshi but endup losing all my bankroll.

Quartx

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Quote from: BTC-BTC-BTC on April 25, 2016, 08:44:56 PM

Quote from: Phildo on April 22, 2016, 08:29:27 AM

Quote from: BTCevo on April 22, 2016, 08:28:12 AM

Quote from: robelneo on April 22, 2016, 07:24:06 AM

One Yobit I always play altcoin dice everytime I lost I always double my bet,double of the coin I lost so if I win one time I not only regain my lost but also gain,but I only play those coins that I got from their free coins and those low value coins,it's to risky if you have no control using this strategy ..

This is just a basic strategy called martingale. This is the most common strategy that even newbie can even use it, so it is not a big deal and you dont even need to take control of this strategy because the more balance you have it will guarantee more your chance of winning. Just need to set some good start only

Martingale is a great way to lose all your money, don't do it.

I have to agree Martingale good way to loose. I played dice game and hit over seven times in a row.

I was precisely doing the martingale method and autoing, until i came back to see everything gone haha and six reds in a row

BTC-BTC-BTC

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Quote from: Phildo on April 22, 2016, 08:29:27 AM

Quote from: BTCevo on April 22, 2016, 08:28:12 AM

Quote from: robelneo on April 22, 2016, 07:24:06 AM

One Yobit I always play altcoin dice everytime I lost I always double my bet,double of the coin I lost so if I win one time I not only regain my lost but also gain,but I only play those coins that I got from their free coins and those low value coins,it's to risky if you have no control using this strategy ..

This is just a basic strategy called martingale. This is the most common strategy that even newbie can even use it, so it is not a big deal and you dont even need to take control of this strategy because the more balance you have it will guarantee more your chance of winning. Just need to set some good start only

Martingale is a great way to lose all your money, don't do it.

I have to agree Martingale good way to loose. I played dice game and hit over seven times in a row.

cjmoles

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Much of this discussion is based on the concept of variation....let's talk about variation rather than luck. The larger the number becomes between the high number and the low number is in a particular dice game (or similar game), the larger the affects of variation will become. So, one must take that into account when choosing a betting strategy and bankroll management scheme.

TIP: Don't make a habit of betting against a house edge!

Topic: What are the odds of dice man (Read 1069 times)